"I believe I stated my apprehension that they might produce a war between the two countries; another reason was, I could not expect to get remittances, and a total annihilation of the trade between the United States of America and the Continent of Europe, from whence a great part of my remittances must be derived.
"If the American embargo in general were taken off, and the Orders in Council to be continued, would his trade in that case revive?
"I certainly should feel no inducement to export goods to America while the orders continued.
"Why not?
"I should apprehend that hostilities between this country and America would be the consequence of continuing the Orders in Council.
"Would the Orders in Council have any other effect as to discouraging the trade?
"They would have considerable effect in regard to our remittances.
"In what manner?
"By bringing all the produce of America to this country, they must occasion such a vast glut in the market, that the produce would be worth little or nothing.
"In what degree would it affect the dealers in those commodities brought to this country, as to their remittances to this country?