We could not allow our flag to be thus dishonored, our seamen impressed, and our commerce vexed with impunity, and declared common plunder by the two chief maritime nations of Europe. Retaliation, therefore, was resolved upon; and in December of 1807, an embargo was laid upon all American vessels and merchandize. In the spirit of conciliation, however, which marked all the acts of government, the President was authorized to suspend it soon as the conduct of European powers would sanction him in doing so. This embargo prohibited all American vessels from sailing from foreign ports, all foreign ships from carrying away cargoes; while by a supplementary act, all coasting vessels were compelled to give bonds that they would land their cargoes in the United States. This sudden suspension of commerce, threatening bankruptcy and ruin to so many of our merchants, and checking at once the flow of produce from the interior to the sea-board, was felt severely by the people, and tried their patriotism to the utmost. Still the measure was approved by the majority of the nation. New England denounced it, as that section of the republic had denounced nearly every measure of the administration from its commencement. The effect of the embargo was to depress the products of our own country one half, and increase those of foreign countries in the same proportion. There being no outlet to the former, they accumulated in the market, and often would not bring sufficient to pay the cost of mere transportation, while the supply of the latter being cut off, the demand for them became proportionably great. Thus it fell as heavy on the agricultural classes as on the merchant, for while a portion of their expenses were doubled, the produce with which they were accustomed to defray them became worthless. But ship owners and sailors suffered still more, for the capital of the one was profitless, and the occupation of the other gone. It is true it helped manufacturers by increasing the demand for domestic goods; it also saved a large amount of property, and a vast number of American ships, which, if they had been afloat, would have fallen into the hands of French and English cruisers.