, Our
conquests during the war had laid open the trade of the French and
Spanish West Indies to our colonies much more largely than they had ever
enjoyed it; this continued for some time after the peace; but at length
it was extremely contracted, and in some places reduced to nothing. Such
in particular was the state of Jamaica. On the taking the Havannah all
the stores of that island were emptied into that place, which produced
unusual orders for goods, for supplying their own consumption, as well
as for further speculations of trade. These ceasing, the trade stood on
its own bottom. This is one cause of the diminished export to Jamaica,
and not the childish idea of the author, of an impossible contraband
from the opening of the ports.--2nd, The war had brought a great influx
of cash into America, for the pay and provision of the troops; and this
an unnatural increase of trade, which, as its cause failed, must in some
degree return to its ancient and natural bounds.--3rd, When the
merchants met from all parts, and compared their accounts, they were
alarmed at the immensity of the debt due to them from America. They
found that the Americans had over-traded their abilities. And, as they
found too that several of them were capable of making the state of
political events an excuse for their failure in commercial punctuality,
many of our merchants in some degree contracted their trade from that
moment. However, it is idle, in such an immense mass of trade, so liable
to fluctuation, to infer anything from such a deficiency as one or even
two hundred thousand pounds. In 1767, when the disturbances subsided,
this deficiency was made up again.
[94] The disturbances have been in Boston only; and were not in
consequence of the late duties.
[95] Page 24.
[96] "They are happy in having found, in your zeal for the dignity of
this nation, the means of liquidating their claims, and of concluding
with the court of France a convention for the final satisfaction of
their demands; and have given us commission, in their names, and on
their behalf, most earnestly to entreat your acceptance of their
grateful acknowledgments. Whether they consider themselves as Britons,
or as men more particularly profiting by your generous and spirited
interposition, they see great reasons to be thankful, for having been
supported by a minister, in whose public affections, in whose wisdom and
activity, both the national honor, and the interests of indi
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