finances, thanks to the President's policy of economy and retrenchment,
were adequate to assume the burden involved in the purchase. The
national debt at this period was being materially reduced, and with its
reduction came, of course, the saving on the interest charge; while
the national income and credit were encouragingly rising. Though the
economical condition of the United States was thus favorable at
this era, the state of trade, hampered by the policy of commercial
restriction against foreign commerce, then prevailing, was not as
satisfactory as the shippers of the East and the commercial classes
desired. The reason of this was the unsettled relations of the United
States with foreign countries, and especially with England, whose policy
had been and still was to thwart the New World republic and harass its
commerce and trade. To this England was incited by the bitter memories
of the Revolutionary war and her opposition to rivalry as mistress
of the seas. Hence followed, on the part of the United States, the
non-Importation Act, the Embargo Act of 1807-08, and other retaliatory
measures of Jefferson's administration, coupled with reprisals at sea
and other expedients to offset British empressment of American sailors
and the right of search, so ruthlessly and annoyingly put in force
against the newborn nation and her maritime people. The English people
themselves, or a large proportion of them at least, were as strongly
opposed to these aggressions of their government as were Americans, and
while their voice effected little in the way of amelioration, it brought
the two peoples once more distinctly nearer to the resort to war.
Meanwhile, the Embargo Act had become so irritating to our own people
that the Jefferson administration was compelled to repeal it, though
saving its face, for the time being, by the enforcement of the
non-intercourse law, which imposed stringent restrictions upon British
and French ships entering American harbors.