1820 June 7

Emancipation Spanish

'.6. Creoles repugnant

Spanish America would be for [...?] of [...?] or Ireland was: and with great advantage

If, on the news of the unexpected change from government despotism to a government in so great /high/ a degree popular, if under the intoxication produced by so felicitous a result, despotism to throw itself /themselves/ into the arms of their liberators, and not only into their arms, but at their feet should [...?] the amount be found very extensively prevalent the wonder would /need/ not be great. But that at the end of a certain interval, when the intoxication had had time to subside, and experience had taken place of hope and confidence, this /a/ disposition /to self-sacrifice/ should continue unchanged, seems far too much to be expected.

One of two things. Either, to the people of Spain and their rulers, the dominion over Spanish America would manifestly not be of any the smallest use, or in a variety of points and to a great extent, a sacrifice of the interest of the many in America to those of the few in Europe would have to be made. Take a few examples.

1 In America money would have to be raised by taxes to be sent without equivalent to save taxes to you in Europe

2. From America, money the proceeds of [...?] would be to be suit for the same purpose.

3. Under the notion of benefiting the [...?] class among you, restriction would be to be imposed on the production and export of the produce of industry in these distant regions on the productions of the industry of these your American subjects.

4. To make fortunes for the purpose of their being spent among you and for your benefit. Others in Spanish America, would under the new Constitution, or under the old despotism be to be filled by the choice of your rulers.