We wish to be on the closest terms of friendship with Naples, and we
will prove it by giving to her citizens, vessels, and goods all the
privileges of the most favored nation; and while we do this voluntarily,
we cannot doubt they will voluntarily do the same for us. Our interests
against the Barbaresques being also the same, we have little doubt she
will give us every facility to insure them, which our situation may ask
and hers admit. It is not, then, from a want of friendship that we do
not propose a treaty with Naples, but because it is against our system
to embarrass ourselves with treaties, or to entangle ourselves at
all with the affairs of Europe. The kind offices we receive from that
government are more sensibly felt, as such, than they would be, if
rendered only as due to us by treaty.
Five fine frigates left the Chesapeake the 1st instant for Tripoli,
which, in addition to the force now there, will, I trust, recover the
credit which Commodore Morris's two years' sleep lost us, and for which
he has been broke. I think they will make Tripoli sensible, that they
mistake their interest in choosing war with us; and Tunis also, should
she have declared war, as we expect, and almost wish.
Notwithstanding this little diversion, we pay seven or eight millions of
dollars annually of our public debt, and shall completely discharge
it in twelve years more. That done, our annual revenue, now thirteen
millions of dollars, which by that time will be twenty-five, will pay
the expenses of any war we may be forced into, without new taxes or
loans.
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