n 1842, the American minister in Mexico Waddy Thompson, Jr. suggested Mexico might be willing to cede California to settle debts, saying "As to Texas I regard it as of very little value compared with California, the richest, the most beautiful and the healthiest country in the world... with the acquisition of Upper California we should have the same ascendency on the Pacific... France and England both have had their eyes upon it." President John Tyler's administration suggested a tripartite pact that would settle the Oregon boundary dispute and provide for the cession of the port of San Francisco; Lord Aberdeen declined to participate but said Britain had no objection to U.S. territorial acquisition there.[3]
On his part, the British minister in Mexico Richard Pakenham wrote in 1841 to Lord Palmerston urging "to establish an English population in the magnificent Territory of Upper California," saying that "no part of the World offering greater natural advantages for the establishment of an English colony ... by all means desirable ... that California, once ceasing to belong to Mexico, should not fall into the hands of any power but England ... daring and adventurous speculators in the United States have already turned their thoughts in this direction," but by the time the letter reached London, Sir Robert Peel's Tory government with a Little England policy had come to power and rejected the proposal as expensive and a potential source of conflict.[4]
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