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No one is surprised on finding that the land-forces of Carthage were composed largely of alien mercenaries. We have several examples from which we can infer a parallel, if not an identical, condition of her maritime resources. How, then, was the great Carthaginian carrying-trade provided for? The experience of more than one country will enable us to answer this question.

The Federalists wanted a navy and a place in the European system; in other words, a fair share in the world's carrying-trade for the seafarers of the Atlantic coast. Matters drifted on in general discontent and mutual recrimination until 1810. Napoleon in that year shrewdly announced that he had abandoned his policy, but for all that he actually continued to enforce it.

It is essential to an understanding of Bonaparte's attitude in 1797, to recall also in this connection that the navigation of the Scheldt has ever been an object of the highest importance to England: the establishment of a strong, hostile maritime power in harbors like those of the Netherlands would menace, if not destroy, the British carrying-trade with central and northern Europe.

The fleets of the Hollanders and Zeelanders had during the whole of the war of independence been the main defence of those provinces against Spanish invasion; but, great as had been the services they had rendered, it was the carrying-trade which had furnished the rebel states with the sinews of war, and of this a large part had been derived from that very trading with the enemy which Leicester had striven in vain to prevent.

Her commerce, preyed upon by French privateers, lost heavily; and there was added an immense indirect loss in the transfer of the carrying-trade between foreign countries, which had contributed so much to the prosperity of the Dutch.

Provision was made by Congress for the admission of certain ship-building materials free of duty. This somewhat improved the prospects and stimulated the construction of sailing vessels; but the competition in the world's carrying-trade is in steam-vessels.

The wheat and naval stores of the Baltic, the trade of Spain with her colonies in the New World, the wines of France, and the French coasting-trade were, little more than two hundred years ago, transported in Dutch shipping. Much of the carrying-trade of England, even, was then done in Dutch bottoms.

Not only do the British screw-steamers take undisputed possession of our trade with their own country, but they expel our once unrivaled craft from the harbors of other quarters of the globe, and threaten to monopolize the most profitable part of our carrying-trade with all countries.

Navigation laws tended, per se, to check general commerce; but they gave a stimulus to the English marine at a time when its rapid development was of the utmost national importance; not directly increasing the interchange of commodities as a whole, but encouraging the English carrying-trade, and advancing the growth of the sea-power which made a more extended commerce possible; and thus indirectly counterbalancing the direct ill effects.

the trope indicating that there would be a suit in the High Court of Admiralty to determine the validity of the capture"! p. 91. "Why did not his Lordship go farther, and decide, that, in the figurative use of the term, "land carack," Shakespeare gave us very distinct proof that he was acquainted with maritime life, and especially with the carrying-trade between Spain and the West Indies?