To our statesmen of Queen Anne's time traffic in slaves was so far from being considered discreditable, that the ministry of that reign prided themselves greatly on what was called the Assiento Treaty with Spain, by which they secured for the British merchants and ship-owners the privilege of supplying the West India Islands with several thousand slaves a year.

The Assiento contract is to be suspended; you are to purchase this sum at the price of an exclusive trade, pursuant to a national treaty, and of an immense debt of God knows how many hundred thousand pounds due from Spain to the South Sea Company.