materials for ship building, and the genius of their population for
maritime enterprise, it is not easy to resist the conviction that this
bulwark of defence will, at no very distant period, attain a size and
strength sufficient to ensure the safety of the nation and the respect
of the world.

The net revenue of the United States amounted, in the year 1822, to
considerably more than twenty millions of dollars; and, unless a
course of legislation unfavourable to its augmentation be adopted,
must grow with their population.

In arts, in arms, and in power, they have advanced, and are advancing,
with unexampled rapidity.

The history of their progress, from the first feeble settlements made
by Europeans on a savage coast, to their present state of greatness;
while it has just claims to the attention of the curious of all
nations, may be expected deeply to interest every American.

[Sidenote: Commission of Cabot.]

Soon after the return of Columbus from that memorable voyage which
opened the vast regions of the west to civilized man, the maritime
states of Europe manifested a desire to share with Spain, the glory,
the wealth, and the dominion to be acquired in the new world. By no
one of these states, was this desire carried into action more promptly
than by England, Henry VII. had received communications from Columbus,
during the tedious and uncertain negotiations of that great man, at
the dilatory court of Ferdinand, which prepared him for the important
discoveries afterwards made, and inclined him to countenance the