It is difficult to see, therefore, what valid objections from merely trade considerations can be offered to the consummation of such a measure on the part of the United States, or to affirm which of the two countries would be the greatest gainer from the adoption of such a policy. Nay, more, it would be difficult for any one to show wherein anything of commercial or industrial disadvantage could accrue to the United States, even if it were to allow every domestic product of Mexico to be imported into her territory free of all import taxes or restrictions—articles subject to internal revenue taxes in the United States being manifestly excepted—without asking any like concessions from Mexico in return. Such a proposition may at first seem preposterous, but let us reason a little about it. In the first place, it is exactly the policy which Great Britain now offers to Mexico. Can the United States afford to bid less for the trade of the American Continent than her great commercial rival?
Again, Mexico wants, or is likely to want, everything which the United States especially desires to sell, and the only drawback to a great extension of trade between the two countries is the lack of ability on the part of Mexico to pay for what she wants. And this inability at the present time is very great. Apart from the precious
