Note 76 — Iredell, James. Observations on George Mason’s Objections to the Federal Constitution. By Marcus

Some might apprehend, that in this case as New England would at first have the greatest share of the carrying trade, the vessels of that country might demand an unreasonable freight. But no attempt could be more injurious to them as it would immediately set the Southern States to building, which they could easily do, and thus a temporary loss would be compensated with a lasting advantage to us; the very reverse would be the case with them. Besides, that from that country alone there would probably be competition enough for freight to keep it on reasonable terms.