... established, viz., that the natural tendency of an extended trade with foreign States is the employment, not of our own ships, but of the ships of foreigners in carrying on that trade. No one will deny that our maritime power is the very foundation of our influence ...

... Industry languished, enterprise wwats , u« slackened, distress increased, the re* i the keenest observer could more A day's intelligence meant, than what >nJ bring forth. With France we were not at war ; with America every engage us immediate hostilities valour ...