disposed to give entire credit to the information." Shortly after the date of this despatch, news arrived that the British government had altered its rules in regard to the neutral carrying-trade, and that British cruisers were everywhere seizing American ships. Merry, who had not been forewarned by Lord Mulgrave, and who had no wish to see his own position made more uncomfortable than it already was, became uneasy. "The sensation and clamor," he wrote, [1] "excited by this news from England (which has already caused the insurance on such cargoes to be raised to four times the usual premium) is rendered the greater by such events having been totally unexpected, and by the merchants here having, on the contrary, considered themselves as perfectly secured against them." Merry saw that his Government had in the midst of peace taken a measure which Madison could hardly fail to denounce as an act of war. Dreading a violent explosion, the British minister waited anxiously; but, to his surprise, nothing happened. "Although I have seen Mr. Madison twice since the attention of the public has been so much engaged with this object, he has not thought proper to mention it to me." [2] At first Merry could not account for this silence; only by degrees was he taught to connect it with the Spanish quarrel, and to understand that Madison hoped to conciliate England in order to overawe France. In this play
