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

by John Marshall

The value of the exports to Great Britain, at the close of the year ending with September, 1789, was nearly double those made to France in the same period: and even the average of the years 1790, 1791 and 1792, gave an annual excess to the exports to Great Britain of three millions, seven hundred and fifty-two thousand, seven hundred and sixty dollars.

The great amount of merchandise imported from Britain, instead of being a grievance, demonstrated, in the opinion of Mr. Smith, the utility of the trade with that country. For the extent of the intercourse between the two nations, several obvious reasons might be assigned. Britain was the first manufacturing country in the world, and was more able, than any other, to supply an assortment of those articles which were required in the United States. She entitled herself, too, to the preference which was given her, by the extensive credit she afforded. To a young country wanting capital, credit was of immense advantage. It enabled them to flourish by the aid of foreign capital, the use of which had, more than any other circumstance, nourished the industry of America.

By the advocates for forcing a trade with France, it was asserted that she could supply the wants of America on better terms than Great Britain. To do this, she must not only sell cheaper, but give credit, which, it was known her merchants either could not, or would not give.

The very necessity of laying a duty on British manufactures, in order to find a sale for those of other countries, was a proof that the first could be purchased on better terms, or were better adapted to the market.

If the object of the resolutions were the encouragement of domestic manufactures, there might be some semblance of argument in their favour. But this is not contemplated. Their avowed object is to turn the course of trade from one nation to another, by means which would subject the citizens of the United States to great inconvenience.

Mr. Smith next proceeded to consider the subject with a view to navigation.

The trade of the United States to Great Britain, for the transportation of their own produce, was as free in American as in British bottoms, a few trifling port charges excepted. In France, they enjoyed the advantages granted to the most favoured nation. Thus far the comparison was in favour of Great Britain. In the West Indies, he admitted the existence of a different state of things. All American bottoms were excluded from the British islands, with the exception of Turks island. In the French islands, vessels under sixty tons were admitted, but this advantage was common to all other nations.

The effect of the difference in the regulations of the two rival nations in respect of navigation, was not so considerable as the secretary of state had supposed. He had stated the tonnage employed in the intercourse with France and her colonies, at 116,410 tons; and that employed in the commerce with Great Britain at 43,580 tons. The secretary was led into this miscalculation by taking for his guide, the actual entries of American bottoms from the dominions of each country in the year. As four voyages are made to the West Indies, while only two are made to Europe, the vessels employed in the former traffic will be counted four times in the year, and those employed in the latter will be counted only twice in the same period. The deceptiveness of the calculations made from these data had induced a call on the secretary of the treasury for an account of the actual tonnage employed in trade with foreign nations for one year. This account shows that France employs 82,510 tons, and Great Britain 66,582 tons, of American shipping; leaving in favour of France, an excess of 15,928, instead of 72,830 tons, as reported by the secretary of state.

From this comparative view taken of the regulations of the two nations, Mr. Smith conceived himself justified in saying, that the commercial system of Great Britain towards the United States, far from being hostile, was friendly; and that she made many discriminations in their favour. France, on the contrary, placed them on a better situation than her rival, only in one solitary instance, the unimportant article of fish oil.

If this be a true picture of the existing state of things, and he could not perceive in what it was defective, was it not time, he asked, that the deceptions practised on the people by the eulogists of France and the revilers of Great Britain, should be removed?