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Updated: June 2, 2025
In the five years after the Peace of Ryswick the exports doubled themselves; the merchant-shipping was quadrupled; and the revenue of the post-office rose to eighty-two thousand pounds. But such a recovery only produced a greater disinclination to face again the sufferings of a renewed state of war.
The urgent remonstrances of three or four naval captains obtained a change of plan; and at the end of the year the President admitted that, for the very reasons advanced by them, the activity of a small squadron, skilfully directed, had insured the safe return of much the most part of our exposed merchant-shipping.
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