purpose, various articles for the regulation of commerce between England and the United States were adopted. Before the expiration of the time within which, by the treaty, all vessels taken by either party were to be held good prizes, several engagements at sea were fought, and several captures made. Among them the American frigate President was captured by a British squadron; and the British ships Cyane, Levant, and Penguin, were taken by the Americans.
At the next session of congress, a bill was passed incorporating the Bank of the United States, with a capital of thirty-five millions of dollars. The charter was to continue in force until the third of March, 1836. This measure was the subject of a very earnest and protracted debate both as to its constitutionality, and as to the principles on which the bank should be established.
Mr. Madison was succeeded in the office of president by James Monroe, March 4, 1817. The country was now at peace, but its condition was by no means prosperous. Commerce had not yet revived, and the manufactures which had been carried on during the war were entirely broken down by the influx of foreign merchandise. In 1818, a war broke out between the Seminoles and the United States, occasioned by the removal of some Indians from lands ceded to the United States by the Creeks in 1814. The Indians were entirely subdued by General Jackson. In 1819, another convention was made between Great Britain and the United States, granting to American citizens the right to fish on the banks of Newfoundland; establishing a portion of the northern boundary; and extending for ten years longer the commercial convention concluded four years before.
A treaty was also this year concluded with Spain, by which East and West Florida, with the islands adjacent, were ceded to the United States.
On the 4th of March, 1821, Mr. Monroe was unanimously elected to a second term of office. Much less unanimity, however, was displayed in the deliberations of the next congress. Some important commercial acts were passed; revolutionary soldiers were provided for by pensions; and the ratio of population and representation fixed at one representative to forty thousand inhabitants.
The year 1824 is signalized in the annals of the country by a visit from La Fayette, the friend and companion-in-arms of Washington, to whose services in the dark day of the revolutionary war the nation owed so much. He passed about a year in the country, visiting every part of it, and receiving everywhere the most enthusiastic tokens of homage and gratitude. He returned to his own country in a national frigate prepared for the purpose, and named, in honor of him, the Brandywine—the name of the battle in which he was wounded nearly fifty years before. During his visit, congress appropriated two hundred thousand dollars, and a township of land in Florida, as an acknowledgment of his eminent services.
Mr. Monroe retired from office with the respect and good will of all parties. His administration of affairs, both foreign and domestic, had been uninfluenced by party spirit, and characterised by uprightness, prudence, and good sense. The country was everywhere peaceful and prosperous. No choice of a successor to Mr. Monroe having been made by the electors, the choice devolved upon the house of representatives.
On the 4th of March, 1825, John Quincy Adams was inaugurated president of the United States.
