...for the staple products of the country would be just as valuable to any foreign nation; and shonld one-half of it be used to reduce their national debt...and reversed, could be used against us and rendered impregnable as Gibraltar. Such a disaster might not be fatal to our Eepublic, but it would be a most...

...would be just as valuable to any foreign nation, and should one-half of it be used to reduce thoir national debt and the other to double or quadruple...which if captured and reversed could be used against ns and rendered as impregnable as Gibraltar. Such a disaster might not be fatal to our Republic, but...

...volved of destructible property within the reach of naval vessels. The indemnity need not necessarily bo in the shape of money, but the staple products of...there are several strategic positions on the Pacific const which if captured and reversed could be used against us and rendered as impregnable as Gibraltar....