“The long-expected treaty accompanies this letter. The difficulties which retarded its accomplishment frequently had the appearance of being insurmountable. They have at last yielded to modifications of the articles in which they existed, and to that mutual disposition to agreement which reconciled Lord Grenville and myself to an unusual degree of trouble and application. They who have levelled uneven ground know how little of the work afterward appears.

“Since the building is finished, it can not be very important to describe the scaffolding, nor to go into all the details which respected the business. My opinion of the treaty is apparent from my having signed it. I have no reason to believe or conjecture that one more favorable to us is attainable.”

This treaty provided for the establishment of three boards of commissioners; one to determine the eastern boundary of the United States, by deciding which was the river St. Croix named in the treaty of peace in 1783; another to ascertain the amount of losses which British subjects had experienced in consequence of legal impediments to the recovery of debts due them by citizens of the United States, contracted before the Revolution—such amount, on their report being made, to be paid by the government of the United States; and a third to estimate the losses sustained by American citizens in consequence of irregular and illegal captures by British cruisers, for which the sufferers had no adequate remedy in suits of law—such losses to be paid by the British government.

It was provided that the western posts should be given up to the United States on the first of June, 1796, in consideration of the adjustment of the ante-revolutionary debts, the then residents in their respective neighborhoods having the option of remaining, or of becoming American citizens. The important Indian traffic in the interior was left open to both nations, by a mutual reciprocity of inland trade and free intercourse between the North American territories of the two nations, including the navigation of the Mississippi. The British were to be allowed to enter all American harbors, with the right to ascend all rivers to the highest port of entry. This reciprocity did not extend to the possessions of the Hudson's Bay company, nor to the admission of American vessels into the harbors of the British North American colonies, nor to the navigation of the rivers of those colonies below the highest port of entry.

It was stipulated that the subjects or citizens of one government, holding lands in the dominions of the other government, should continue to hold them without alienage; nor, in the event of war or other national differences, should there be any confiscation by either party of debts, or of public or private stocks, due to or held by the citizens or subjects of the other. In a word, there should be no disturbance of existing conditions of property; and merchants and traders on each side should enjoy the most complete protection and security for their property.

The foregoing is the material substance of the first ten articles of the treaty, which it was declared should be perpetual; the remaining eighteen, having reference chiefly to the regulation of commerce and navigation between the two countries, were limited in their operations to two years after the termination of the war in which Great Britain was then engaged.

The commercial portion of the treaty provided for the admission of American vessels into British ports in Europe and the East Indies, on terms of equality with British vessels. But participation in the East Indian coasting trade, and the trade between European and British East Indian ports, was left to rest on the contingency of British permission. The right was also reserved to the British to meet the existing discrimination in the American tonnage and import duties by countervailing measures. American vessels, not exceeding seventy tons burden, were to be allowed to trade to the British West Indies, but only on condition of a renunciation, during the continuance of the treaty, of the right to transport from America to Europe any of the principal colonial products. British vessels were to be admitted into American ports without any further addition to the existing discriminating duties, and on terms equal to the most favored nations.

It was also stipulated that privateers should give bonds, with security, to make equivalent restitution for any injury they might inflict upon neutrals, in the event of the condemnation of any prize. Other provisions, favorable to neutral property captured by privateers, were made; and it was determined that the list of contraband articles should include, besides ammunition and warlike implements, all articles serving directly for the equipment of vessels, except unwrought iron and fir-plank.

It was also provided that no vessel attempting to enter a blockaded port should be captured, unless previously notified of the blockade; that neither nation should allow enlistments within its territory by any third nation at war with the other; nor should the citizens or subjects of either be allowed to accept commissions from such third nation, or to enlist in its service—citizens or subjects acting contrary to this stipulation to be treated as pirates. Provision was also made for the exercise of hospitality and courtesy between ships-of-war and privateers of the two countries; also for prohibiting the arming of privateers of any nation at war with either of the contracting parties, or fitting them out in the ports of the other; and for excluding the privateers of a third nation from the ports of the contracting parties, which had made prizes of vessels belonging to citizens or subjects of either country. It was also agreed that neither nation should allow vessels or goods of the other to be captured in any of its bays or other waters, or within cannon-shot of its coast.

It was further stipulated, that in the event of war between the two nations, the citizens or subjects of each, residing within the limits of the other, should be allowed to continue peaceably in their respective employments, so long as they should behave themselves properly. It was also provided that fugitives from justice, charged with murder or forgery, should be mutually given up.