337 
CHAPTER, XXI. 
NICARAGUA verSUS MOSQUITO.—TRANSIT.-THE BRITISH INTER¬ 
POSE.-A COMPARISON BETWEEN M-8 AND ’68.-TRUE ECONOMY. 
-DIPLOMACY AND INTRIGUE.—MR. SQUIER.-DESTRUCTION OF 
GREYTOWN.—ALABAMA. MONROE DOCTRINE. USE OF TRAN¬ 
SITS.—INDIA-RUBBER.-PIM’s BAY.-SNAKES. 
“ G-reytown,” said the king, “ has been a thorn in 
the side of Mosquito ever since the first habitation 
was erected there by Mr. Shepherd, in 1824.” The 
king was right; year by year its importance as a 
port of entry to Nicaragua, and then as a terminal 
harbour for a great Transit, became better understood, 
and to the prominence thus given is due all its subse¬ 
quent troubles. Instigated by the Americans,* the 
first overt act against its peace was committed by the 
# “The principles by which I have been regulated in the negotiation 
of this Treaty are in accordance with the sentiments well expressed by 
my immediate predecessor on the 10th February, 1847, when he com¬ 
municated to the Senate the Treaty with New Granada for the pro¬ 
tection of the railroad at Panama. It is in accordance with the whole 
spirit of the resolution of the Senate of the 3rd of March, 1835, 
referred to by President Polk, and with the policy adopted by President 
Jackson (immediately after the passage of that resolution), who dis- 
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