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 should meet, a measure would be introduced which would embrace all the views put forth by Mr. Bancroft in his note. It is not doubted that Parliament will at once act favourably on the Bill. The importance to the United States of such a measure can scarcely be exaggerated. The British colonial system has been a most grievous restriction on our commerce, and its annihilation, as promised by Lord Palmerston, will open to our enterprising merchants the lucrative trade of the East and West Indies, and of the other British settlements from which they have been hitherto debarred. This will be the greatest stride yet taken by Free-trade: and it is ''not to be doubted that all Europe will follow the example of Great Britain''! The liberal commercial treaty made by Hanover with the United States has been in no small degree instrumental in disposing the British Government to this wise measure. The Rhine provinces have recently imitated the example of Hanover towards the United States; and everywhere silently but steadily our commercial relations are being put upon the most advantageous footing. The repeal by Great Britain of the laws restricting the trade of the United States with her colonies will be far more beneficial to this country than any commercial treaty ever made by our Government."

Such was the announcement put forth in the American journals semi-officially, and the reader will judge how far this "puff direct" of the American executive was borne out by facts, or the dates and tenor of the correspondence given between the American Minister in England and the English Secretary of State for Foreign Affairs. The spirit of the most