the fathers of the constitution-第5章

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y　were　evaded。　And　so；　in　the　course　of　a　few　years；　the　West　India　trade　recovered。　*　Clive　Day；　〃Encyclopedia　of　American　Government；〃　Vol。　I；　p。　340。

More　astonishing　to　the　men　of　that　time　than　it　is　to　us　was　the　fact　that　American　foreign　trade　fell　under　British　commercial　control　again。　Whether　it　was　that　British　merchants　were　accustomed　to　American　ways　of　doing　things　and　knew　American　business　conditions；　whether　other　countries　found　the　commerce　not　as　profitable　as　they　had　expected；　as　certainly　was　the　case　with　France；　whether　〃American　merchants　and　sea　captains　found　themselves　under　disadvantages　due　to　the　absence　of　treaty　protection　which　they　had　enjoyed　as　English　subjects〃；*　or　whether　it　was　the　necessity　of　trading　on　British　capitalwhatever　the　cause　may　have　beenwithin　a　comparatively　few　years　a　large　part　of　American　trade　was　in　British　hands　as　it　had　been　before　the　Revolution。　American　trade　with　Europe　was　carried　on　through　English　merchants　very　much　as　the　Navigation　Acts　had　prescribed。　*　C。　R。　Fish；　〃American　Diplomacy；〃　pp。　56…57。

From　the　very　first　settlement　of　the　American　continent　the　colonists　had　exhibited　one　of　the　earliest　and　most　lasting　characteristics　of　the　American　people　adaptability。　The　Americans　now　proceeded　to　manifest　that　trait　anew；　not　only　by　adjusting　themselves　to　renewed　commercial　dependence　upon　Great　Britain；　but　by　seeking　new　avenues　of　trade。　A　striking　illustration　of　this　is　to　be　found　in　the　development　of　trade　with　the　Far　East。　Captain　Cook's　voyage　around　the　world　（1768…　1771）；　an　account　of　which　was　first　published　in　London　in　1773；　attracted　a　great　deal　of　attention　in　America；　an　edition　of　the　New　Voyage　was　issued　in　New　York　in　1774。　No　sooner　was　the　Revolution　over　than　there　began　that　romantic　trade　with　China　and　the　northwest　coast　of　America；　which　made　the　fortunes　of　some　families　of　Salem　and　Boston　and　Philadelphia。　This　commerce　added　to　the　prosperity　of　the　country；　but　above　all　it　stimulated　the　imagination　of　Americans。　In　the　same　way　another　outlet　was　found　in　trade　with　Russia　by　way　of　the　Baltic。　The　foreign　trade　of　the　United　States　after　the　Revolution　thus　passed　through　certain　well…marked　phases。　First　there　was　a　short　period　of　prosperity；　owing　to　an　unusual　demand　for　American　products；　this　was　followed　by　a　longer　period　of　depression；　and　then　came　a　gradual　recovery　through　acceptance　of　the　new　conditions　and　adjustment　to　them。　A　similar　cycle　may　be　traced　in　the　domestic　or　internal　trade。　In　early　days　intercolonial　commerce　had　been　carried　on　mostly　by　water；　and　when　war　interfered　commerce　almost　ceased　for　want　of　roads。　The　loss　of　ocean　highways；　however；　stimulated　road　building　and　led　to　what　might　be　regarded　as　the　first　〃good…roads　movement〃　of　the　new　nation；　except　that　to　our　eyes　it　would　be　a　misuse　of　the　word　to　call　any　of　those　roads　good。　But　anything　which　would　improve　the　means　of　transportation　took　on　a　patriotic　tinge；　and　the　building　of　roads　and　the　cutting　of　canals　were　agitated　until　turnpike　and　canal　companies　became　a　favorite　form　of　investment；　and　in　a　few　years　the　interstate　land　trade　had　grown　to　considerable　importance。　But　in　the　meantime；　water　transportation　was　the　main　reliance；　and　with　the　end　of　the　war　the　coastwise　trade　had　been　promptly　resumed。　For　a　time　it　prospered；　but　the　States；　affected　by　the　general　economic　conditions　and　by　jealousy；　tried　to　interfere　with　and　divert　the　trade　of　others　to　their　own　advantage。　This　was　done　by　imposing　fees　and　charges　and　duties；　not　merely　upon　goods　and　vessels　from　abroad　but　upon　those　of　their　fellow　States。　James　Madison　described　the　situation　in　the　words　so　often　quoted：　〃Some　of　the　States；　。　。　。　having　no　convenient　ports　for　foreign　commerce；　were　subject　to　be　taxed　by　their　neighbors；　thro　whose　ports；　their　commerce　was　carryed　on。　New　Jersey；　placed　between　Phila。　&　N。　York；　was　likened　to　a　Cask　tapped　at　both　ends：　and　N。　Carolina　between　Virga。　&　S。　Carolina　to　a　patient　bleeding　at　both　Arms。〃*　*　〃Records　of　the　Federal　Convention；〃　vol。　III；　p。　542。

The　business　depression　which　very　naturally　followed　the　short　revival　of　trade　was　so　serious　in　its　financial　consequences　that　it　has　even　been　referred　to　as　the　〃Panic　of　1785。〃　The　United　States　afforded　a　good　market　for　imported　articles　in　1788　and　1784；　all　the　better　because　of　the　supply　of　gold　and　silver　which　had　been　sent　into　the　country　by　England　and　France　to　maintain　their　armies　and　fleets　and　which　had　remained　in　the　United　States。　But　this　influx　of　imported　goods　was　one　of　the　chief　factors　in　causing　the　depression　of　1785；　as　it　brought　ruin　to　many　of　those　domestic　industries　which　had　sprung　up　in　the　days　of　nonintercourse　or　which　had　been　stimulated　by　the　artificial　protection　of　the　war。　To　make　matters　worse；　the　currency　was　in　a　confused　condition。　〃In　1784　the　entire　coin　of　the　land；　except　coppers；　was　the　product　of　foreign　mints。　English　guineas；　crowns；　shillings　and　pence　were　still　paid　over　the　counters　of　shops　and　taverns；　and　with　them　were　mingled　many　French　and　Spanish　and　some　German　coins　。　。　。　。　The　value　of　the　gold　pieces　expressed　in　dollars　was　pretty　much　the　same　the　country　over。　But　the　dollar　and　the　silver　pieces　regarded　as　fractions　of　a　dollar　had　no　less　than　five　different　values。〃*　The　importation　of　foreign　goods　was　fast　draining　the　hard　money　out　of　the　country。　In　an　effort　to　relieve　the　situation　but　with　the　result　of　making　it　much　worse；　several　of　the　States　began　to　issue　paper　money；　and　this　was　in　addition　to　the　enormous　quantities　of　paper　which　had　been　printed　during　the　Revolution　and　which　was　now　worth　but　a　small　fraction　of　its　face　value。　*　McMaster；　〃History　of　the　People　of　the　United　States〃；　vol。　I；　pp。　190…191。

The　expanding　currency　and　consequent　depreciation　in　the　value　of　money　had　immediately　resulted　in　a　corresponding　rise　of　prices；　which　for　a　while　the　States　attempted　to　control。　But　in　1778　Congress　threw　up　its　hands　in　despair　and　voted　that　〃all　limitations　of　prices　of　gold　and　silver　be　taken　off；〃　although　the　States　for　some　time　longer　continued　to　endeavor　to　regulate　prices　by　legislation。*　The　fluctuating　value　of　the　currency　increased　the　opportunities　for　speculation　which　war　conditions　invariably　offer；　and　〃immense　fortunes　were　suddenly　accumulated。〃　A　new　financial　group　rose　into　prominence　composed　largely　of　those　who　were　not　accustomed　to　the　use　of　money　and　who　were　consequently　inclined　to　spend　it　recklessly　and　extravagantly。　*　W。　E。　H。　Lecky；　〃The　American　Revolution；〃　New　York；　1898；　pp。　288…294。

Many　contemporaries　comment　upon　these　things；　of　whom　Brissot　de　Warville　may　be　taken　as　an　example；　although　he　did　not　visit　the　United　States　until　1788：　〃The　inhabitants　。　。　。　prefer　the　splendor　of　wealth　and　the　show　of　enjoyment　to　the　simplicity　of　manners　and　the　pure　pleasures　which　result　from　it。　If　there　is　a　town　on　the　American　continent　where　the　English　luxury　displays　its　follies；　it　is　New　York。　You　will　find　here　the　English　fashions：　in　the　dress　of　the　women　you　will　see　the　most　brilliant　silks；　gauzes；　hats；　and　borrowed　hair；　equipages　are　rare；　but　they　are　elegant；　the　men　have　more　simplicity　in　their　dress；　they　disdain　gewgaws；　but　they　take　their　revenge　in　the　luxury　of　the　table；　luxury　forms　already　a　class　of　men　very　dangerous　to　society；　I　mean　bachelors；　the　expense　of　women　causes　matrimony　to　be　dreaded　by　men。　Tea　forms；　as　in　England；　the　basis　of　parties　of　pleasure；　many　things　are　dearer　here　than　in　France；　a　hairdresser　asks　twenty　shilling　a　month；　washing　costs　four　shillings　a　dozen。〃*　*　Quoted　by　Henry　Tuckerman；　〃America　and　her　Commentators；〃　1886。

An　American　writer　of　a　later　date；　looking　back　upon　his　earlier　years；　was　impressed　by　this　same　extravagance；　and　his　testimony　may　well　be　used　to　strengthen　the　impression　which　it　is　the　purpose　of　the　present　narrative　to　convey：　〃The　French　and　British　armies　circulated　immense　sums　of　money　in　gold　and　silver　coin；　which　had　the　effect　of　driving　out　of　circula