The resumption of this old and
otherwise exploded system of colonial exclusion has not secured to the
shipping interest of Great Britain the relief which, at the expense of
the distant colonies and of the United States, it was expected to
afford. Other measures have been resorted to more pointedly bearing upon
the navigation of the United States, and which, unless modified by the
construction given to the recent acts of Parliament, will be manifestly
incompatible with the positive stipulations of the commercial convention
existing between the two countries. That convention, however, may be
terminated with twelve months' notice, at the option of either party.
A treaty of amity, navigation, and commerce between the United States
and His Majesty the Emperor of Austria, King of Hungary and Bohemia, has
been prepared for signature by the Secretary of State and by the Baron
de Lederer, intrusted with full powers of the Austrian Government.
Independently of the new and friendly relations which may be thus
commenced with one of the most eminent and powerful nations of the
earth, the occasion has been taken in it, as in other recent treaties
concluded by the United States, to extend those principles of liberal
intercourse and of fair reciprocity which intertwine with the exchanges
of commerce the principles of justice and the feelings of mutual
benevolence.
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