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294 CORRESPONDENCE AND PUBLIC PAPERS.
they have been paid or not I am wholly uninformed,
except that I find in a public paper that Virginia had
make good her first payment. As I daily expect to
receive advices from America on this subject, I shall
postpone saying any thing further on it at present;
but your Excellency may rely on my communicating
to you a full state of what intelligence I may have
respecting it.
As to supporting their credit in commerce, it is
attended with considerable though not insurmountable difficulties. They are of two kinds—the want of
sufficient commodities for remittances, and the risk
of transporting them. North America abounds in
valuable commodities, such as fish, oil, lumber, provisions of flesh and corn, iron, tobacco, and naval
stores; peltry, indigo, potash, and other articles—all
of which have greatly diminished since the war. The
labourers formerly employed in producing them having been often called to the field, and by other effects
of the war been prevented from regularly following
their usual occupations. Of some of these articles,
America still produces more than is necessary for her
own consumption, but the risk of transporting them
to Europe renders her remittances very uncertain.
The asylum, which all British armed vessels find in
the ports of Portugal, enables them to cruise very
conveniently and with great advantage off the western
islands, and other situations proper for annoying vessels from thence to France, Spain, or the Mediterranean. Hence it is that the trade from America to
St. Eustatia has of late so greatly increased, it being
| Title | The correspondence and public papers of John Jay - 1 |
| Creator | Jay, John |
| Type | Books/Pamphlets |
| Title | 00000325 |
| Type | Books/Pamphlets |
| Transcript | 294 CORRESPONDENCE AND PUBLIC PAPERS. they have been paid or not I am wholly uninformed, except that I find in a public paper that Virginia had make good her first payment. As I daily expect to receive advices from America on this subject, I shall postpone saying any thing further on it at present; but your Excellency may rely on my communicating to you a full state of what intelligence I may have respecting it. As to supporting their credit in commerce, it is attended with considerable though not insurmountable difficulties. They are of two kinds—the want of sufficient commodities for remittances, and the risk of transporting them. North America abounds in valuable commodities, such as fish, oil, lumber, provisions of flesh and corn, iron, tobacco, and naval stores; peltry, indigo, potash, and other articles—all of which have greatly diminished since the war. The labourers formerly employed in producing them having been often called to the field, and by other effects of the war been prevented from regularly following their usual occupations. Of some of these articles, America still produces more than is necessary for her own consumption, but the risk of transporting them to Europe renders her remittances very uncertain. The asylum, which all British armed vessels find in the ports of Portugal, enables them to cruise very conveniently and with great advantage off the western islands, and other situations proper for annoying vessels from thence to France, Spain, or the Mediterranean. Hence it is that the trade from America to St. Eustatia has of late so greatly increased, it being |
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