The regulation excluding the provisions of other foreign countries was entitled to no consideration.

It was of ancient date, and had remained untouched because there was no other foreign country by which provisions could be supplied.
That the commercial regulations of Great Britain were as favourable to the United States as to other nations, ought not to satisfy America.
If other nations were willing to bear impositions, or were unable to retaliate, their examples were not worthy of imitation.

America was in a condition to insist, and ought to insist, on perfect commercial equality.
It was denied that any real advantage was derived from the extensive credit given by the merchants of Great Britain.

On the contrary, the use made of British capital was pronounced a great political evil.

It increased the unfavourable balance of trade, discouraged domestic manufactures, and promoted luxury.