"But, BEHOLD what followed! A number of brave & resolute men, determined to do all in their power to save their country from the ruin which their enemies had plotted, in less than four hours emptied every chest of tea on board the three ships commanded by the captains Hall, Bruce, and Coffin, amounting to 342 chests, into the Sea ! ! Without the least damage done to the ships or any other property. The masters and owners are well pleas'd that their ships are thus clear'd, and the people are almost universally congratulating each other on this happy event." What event is being mentioned from this quote? How do you think colonist feel about this event? Give text evidence.

The event mentioned in the given is that of the Boston Tea Party.

The colonist seems to be pleased with the event as is stated "masters and owners are well pleas'd that their ships are thus clear'd, and the people are almost universally congratulating each other on this happy event."

Explanation:

The given excerpt is about the Boston Tea Party where American colonists revolted against the British government and dumped many crates of tea into the Boston Harbor. This event became the catalyst for the American Revolution.

The act of 'revolting' against the British empire by destroying the major source of tax and profit may have hurt the ones who were to profit from it. But for the colonist, it was a "happy event". This can be supported by the fact that "The masters and owners are well pleas'd that their ships are thus clear'd, and the people are almost universally congratulating each other.."  This is enough proof of their happiness and satisfaction with what happened.