The new system would not only arrest the expensive transfer
and ruinous drain of specie to Mexico, but would cause it, in duties and
in return for our exports, to reflow into our country to an amount,
perhaps, soon exceeding the $9,000,000 which it had reached in 1835 even
under the restrictive laws of Mexico, thus relieving our own people from
a grievous tax and imposing it where it should fall, upon our enemies,
the people of Mexico, as a contribution levied upon them to conquer a
peace as well as to defray the expenses of the war; whereas by admitting
our exports freely, without duty, into the Mexican ports which we may
occupy from time to time, and affording those goods, including the
necessaries of life, at less than one-half the prices which they had
heretofore paid for them, the war might in time become a benefit instead
of a burden to the people of Mexico, and they would therefore be
unwilling to terminate the contest. It is hoped also that Mexico, after
a peace, will never renew her present prohibitory and protective system,
so nearly resembling that of ancient China or Japan, but that,
liberalized, enlightened, and regenerated by the contact and intercourse
with our people and those of other civilized nations, she will continue
the far more moderate system of duties resembling that prescribed by
these regulations.
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