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The Federalist Papers by Alexander Hamilton;James Madison;John Jay
page 68 of 641 (10%)
politics? Would it not enable us to negotiate, with the fairest
prospect of success, for commercial privileges of the most valuable
and extensive kind, in the dominions of that kingdom? When these
questions have been asked, upon other occasions, they have received
a plausible, but not a solid or satisfactory answer. It has been
said that prohibitions on our part would produce no change in the
system of Britain, because she could prosecute her trade with us
through the medium of the Dutch, who would be her immediate
customers and paymasters for those articles which were wanted for
the supply of our markets. But would not her navigation be
materially injured by the loss of the important advantage of being
her own carrier in that trade? Would not the principal part of its
profits be intercepted by the Dutch, as a compensation for their
agency and risk? Would not the mere circumstance of freight
occasion a considerable deduction? Would not so circuitous an
intercourse facilitate the competitions of other nations, by
enhancing the price of British commodities in our markets, and by
transferring to other hands the management of this interesting
branch of the British commerce?
A mature consideration of the objects suggested by these
questions will justify a belief that the real disadvantages to
Britain from such a state of things, conspiring with the
pre-possessions of a great part of the nation in favor of the
American trade, and with the importunities of the West India
islands, would produce a relaxation in her present system, and would
let us into the enjoyment of privileges in the markets of those
islands elsewhere, from which our trade would derive the most
substantial benefits. Such a point gained from the British
government, and which could not be expected without an equivalent in
exemptions and immunities in our markets, would be likely to have a
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