It gives us several excellent
harbors in the Gulf of Mexico for ships of war of the largest size. It
covers by its position in the Gulf the Mississippi and other great
waters within our extended limits, and thereby enables the United States
to afford complete protection to the vast and very valuable productions
of our whole Western country, which find a market through those streams.
By a treaty with the British Government, bearing date on the 20th of
October, 1818, the convention regulating the commerce between the United
States and Great Britain, concluded on the 3d of July, 1815, which was
about expiring, was revived and continued for the term of ten years from
the time of its expiration. By that treaty, also, the differences which
had arisen under the treaty of Ghent respecting the right claimed by the
United States for their citizens to take and cure fish on the coast of
His Britannic Majesty's dominions in America, with other differences on
important interests, were adjusted to the satisfaction of both parties.
No agreement has yet been entered into respecting the commerce between
the United States and the British dominions in the West Indies and on
this continent. The restraints imposed on that commerce by Great
Britain, and reciprocated by the United States on a principle of
defense, continue still in force.
The negotiation with France for the regulation of the commercial
relations between the two countries, which in the course of the last
summer had been commenced at Paris, has since been transferred to this
city, and will be pursued on the part of the United States in the spirit
of conciliation, and with an earnest desire that it may terminate in an
arrangement satisfactory to both parties.
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