Renunciation under such circumstances would have been equivalent in International Law to abandonment, and that would have been equivalent to anarchy and a race for seizure among the nations that could get there quickest.
Reid warns that renouncing sovereignty without a clear plan could lead to chaos and international conflict.
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They have covered many phases of the subject, but have preserved a singular uniformity of purpose and consistency of ideas throughout.
The danger commences with the first extra-continental State.
Spain failed to maintain her title to the security she had pledged, but the lenders knew the instability of that security when they risked their money on it.
These Southern Rebels have their fate in their own keeping, and they are nursing their wrath to keep it warm.