CH. IV.]
OF THE CONFEDERATION.
241
§ 261. These evils were aggravated by the situation of our foreign commerce. During the war, our commerce was nearly annihilated by the superior naval power of the enemy; and the return of peace enabled foreign nations, and especially Great Britain, in a great measure to monopolize all the benefits of our home trade. In the first place, our navigation, having no protection, was unable to engage in competition with foreign ships. In the next place, our supplies were almost altogether furnished by foreign importers or on foreign account. We were almost Hooded with foreign manufactures, while our own produce bore but a reduced price.
[1] It was easy to foresee, that such a state of things must soon absorb all our means; and as our industry had but a narrow scope, would soon reduce us to absolute poverty. Our trade in our own ships with foreign nations was depressed in an equal degree; for it was loaded with heavy restrictions in their ports. While, for instance, British ships with their commodities had free admission into our ports, American ships and exports were loaded with heavy exactions, or prohibited from entry into British ports.
[2] We were, therefore, the victims of our own imbecility, and reduced to a complete subjection to the commercial
regula-
the Finances of France, among other errors in our national policy, observed, that in the several states, "one fixed principle is established in regard to imposts. Each state is supposed to be at liberty to tax itself at pleasure, and to lay its taxes upon persons, consumptions, or importations; that is to say, to erect an interest contrary to that of other states."—1 Amer. Museum, 16.
- ↑ 5 Marsh. Life of Washington, 69, 72, 75, 79, 80.
- ↑ 1 Tuck. Black. App. 157, 159; 5 Marsh. Life of Wash. 77, 78; 2 Pitk. Hist. 186 to 192; 1 Amer. Museum, 282, 288; 2 Amer. Museum, 263 to 276; Id. 371 to 373; 3 Amer. Museum, 554 to 557, 562; North American Review, Oct. 1827, p. 249, 257, 258.
vol. i.31
