VII.
"That his Catholic Majesty shall guaranty to the United States all their respective territories.
VIII.
"That the United States shall guaranty to his Catholic Majesty all his dominions in North America.
Lastly.
"As the aforegoing propositions appear to Mr Jay the most essential, he omits proposing those less and subordinate ones, which seem to follow of course. He therefore concludes this subject with a general offer and propositions to make and admit all such articles as, in the course of this negotiation, shall appear conducive to the great objects of the proposed treaty.
Remarks. "Nothing on Mr Jay's part shall be wanting to expedite the happy conclusion of this business, by adhering constantly to the dictates of candor, frankness, and unsuspecting confidence.
"He is ready to receive the treaty between the United States and his Christian Majesty, as a model for this, or with such alterations as, founded on the principles of reciprocity, may be more agreeable to his Catholic Majesty, it being his earnest desire to arrive at the important objects of his mission in any way his Majesty may be pleased to prefer.
"The subject of aids, either by subsidy or loan as may be most convenient to his Majesty, will require a particular convention, but as the manner, extent, and terms depend on his Majesty's pleasure, it is impossible for Mr Jay, without some knowledge of it, to offer propositions adapted thereto. All that he can at present say on that subject is, that Congress are ready to do everything in their power. He will not, however, endeavor to conceal their incapacity to do much in the way of compensation, while the enemy shall continue to make the United States the theatre of a desolating war, and the object of their predatory operations. But when those obstacles shall cease, it will be in their power, as well as their inclination, to make retribution, and render important services to his Majesty. Mr Jay will therefore continue to decline attempting to induce his Majesty to take any measures, however favorable to his country, by delusive promises, or rash engagements; but on the other hand, he is ready to enter into such reasonable ones, as he may have good reason to say shall be faithfully and punctually performed.
"A particular treaty regulating the conduct to be observed by his Catholic Majesty, and the United States, towards each other during the war, also appears to Mr Jay important to both; but as the proper plans and articles of such a treaty can only result from a free conference on the subject, he can upon this occasion only express his readiness to concur in every provision, which may be calculated to give energy and success to the operations and objects of both.