Page:Memoir upon the negotiations between Spain and the United States of America which led to the treaty of 1819.djvu/76

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��ill council, as well as on account of the embargo^ and the war of the United States with England.

Under favourable circumstances, the value of ll;;i Anglo-American commerce, cannot be calculat- ed, one year with another, at more than 200 mil- lions; but at present it cannot amount to half that ^um. iV the i: ralp .ce in Europe, has not only « stop a.o the eviia ordinary consumption which the ^: jiies and fleWs of tk* belligf rent powers required, but has also openea^ the seas to all nation- Eve- ry one brings from Am erica, antfotherjjarc- of the world, what is wanted for Iheir markets, a-z^cording to the extent and state of their marine. The islavnd of Cuba, opened to foreign commerce, iryures the Anglo-Americans, as much a^ it benefits Spain-. The colonial produce, which was before carried by the Americans, is now exported from the island in the vessels of various nations; and if all the possessions in Spanish America, enjoyed a like free commerce with that island, and would not supply themselves as hitherto from the contraband commerce of the English and Anglo-Americans, the revenue of the customs in the Spanish possessions, would produce enormous sums to the treasury; and the commerce of the United States would suffer a still more fatal blow, for they have nothing to export to these pos- sessions, their commerce with them being altogeth- er carried on in foreign goods and produce.

The balance of trade is generally against the United States, as it respects the islands of Cuba

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