EAST AND WEST INDIA TRADES.
If the West India Trade cannot be put on some such
footing as is authorized by your instructions, it will be evidently
best, to leave it as it is; and of course, with a freedom
to either party to make such regulations as may be justified
by those of the other.
With respect to the East India Trade, you will find a very
useful light thrown on it, in the remarks of Mr. Crowninshield
of which several copies were forwarded in October. They
will confirm to you the impolicy, as explained in your instructions
admitted into the Treaty of 1794. The general
footing of other nations in peace with Great Britain, will
be clearly more advantageous; and on this footing it will
be well to leave or place it, if no peculiar advantages of which
there are intimations in Mr. Crowninshield's remarks, can
be obtained.
