[Footnote 27: Correspondence between the United States and Great Britain
concerning questions pending between the two countries.]



WASHINGTON, _July 14, 1870_.

_To the Senate of the United States:_

I transmit to the Senate, in answer to their resolution of the 7th
instant, a report from the Secretary of State, with accompanying
documents.

U.S. GRANT.



DEPARTMENT OF STATE, _Washington, July 14, 1870_.

The Secretary of State, to whom was referred the resolution of the
Senate requesting the President "to institute an inquiry, by such means
as in his judgment shall be deemed proper, into the present condition
of the commercial relations between the United States and the Spanish
American States on this continent, and between those countries and other
nations, and to communicate to the Senate full and complete statements
regarding the same, together with such recommendations as he may think
necessary to promote the development and increase of our commerce with
those regions and to secure to the United States that proportionate
share of the trade of this continent to which their close relations of
geographical contiguity and political friendship with all the States