The Life of George Washington, Vol. 5: Commander in Chief of the American Forces During the War; which Established the Independence of his Country and First; President of the United StatesMarshall, John
History
The Life of George Washington, Vol. 5: Commander in Chief of the American Forces During the War; which Established the Independence of his Country and First; President of the United States
Marshall, John
Generals -- United States -- Biography; Presidents -- United States -- Biography; Washington, George, 1732-1799
In relation to manufactures, the regulations existing between the
United States and Great Britain were not more equal. Out of the whole
amount of manufactured articles imported into this country, which was
stated in round numbers at fifteen millions, two hundred and ninety
thousand dollars, Great Britain furnished thirteen millions, nine
hundred and sixty thousand. In the same period, in the year 1789-90,
the articles which the United States received from France, a country
which actually consumed more of their produce, amounted only to one
hundred and fifty-five thousand dollars. The balance of trade, at the
same epoch, was greatly in favour of the United States with every
other nation, and greatly against them with Britain. Although it might
happen in some cases, that other advantages might be derived from an
intercourse with a particular nation, which might compensate for an
unfavourable balance of trade, it was impossible that this could
happen in the intercourse with Great Britain. Other nations, however,
viewed a balance of trade against them as a real evil; and Great
Britain, in particular, was careful to prevent it. What then must be
the feelings of a nation, between whom and the United States the most
friendly relations existed, when she saw, not only the balance of
trade against her, but that what was thus obtained from her, flowed in
the same manner into the coffers of one of her most jealous rivals,
and inveterate enemies?
The propriety of discriminating between nations having treaties with
the United States, and those having none, was admitted in some states
before the establishment of the present government, and was sanctioned
by that house during their sittings in New York. It was the practice
of nations to make such a discrimination. It was necessary to give
value to treaties.
The disadvantages of depending on a single nation for articles of
necessary consumption was strongly pressed; and it was added as an
evil of most serious magnitude, more truly alarming than any other of
its features, that this commercial dependence produced an influence in
their councils which enabled it, the more inconvenient it became by
its constant growth, to throw the more obstacles in the way of a
necessary remedy.
They entertained no apprehensions of injurious consequences from
adopting the proposed resolutions. The interests of Great Britain
would not suffer her to retaliate: and the intercourse between the two
countries would not be interrupted further than was required by the
convenience and the interests of the United States. But if Great
Britain should retaliate, the effects of a commercial conflict would
be felt by her, much more sensibly, than by the United States. Its
effects would be felt in the shipping business, by the merchants, and
above all by the manufacturer.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account