Excerpt from Banquet Given by the Chamber of Commerce of the State of New York in Honor of the Guests of the Nation to the Centennial Celebration of the Victory at Yorktown: New York, November 5th, 1881

The revolt of the American colonies was not only a revolt against the political oppressions, but also against the commercial restrictions of the mother country. The policy of England was one of. Monopoly in manufactures and of exclusion in commerce. She held to herself not only the right to supply everything that the colonies needed, but also forbade commercial intercourse with any foreign nation except in her own vessels.

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