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On the other hand, the merchants from seaports like Providence, Newport, and Bristol understood the difference between real money and the promissory notes of a bankrupt government, but they were in a hopeless minority. Half a million dollars were issued in scrip, to be loaned to the farmers on a mortgage of their real estate.

Since leaving England he had doubled the number of his vessels, having taken away all that he could from the habitation of Miscou and other seaports frequented by the French. The news of the departure of the English fleet took some days to reach Quebec, where the minds of the inhabitants were divided between hope and fear.

Very few great fortunes had been acquired, and these chiefly by the merchants of Boston, Salem, Portsmouth, and other seaports whose ships had penetrated to all parts of the world Webster sprang from the agricultural class, larger then in proportion to the other classes than now at the East, at a time when manufactures were in their infancy and needed protection; when travel was limited; when it was a rare thing for a man to visit Europe; when the people were obliged to practise the most rigid economy; when everybody went to church; when religious scepticism sent those who avowed it to Coventry; when ministers were the leading power; when the press was feeble, and elections were not controlled by foreign immigrants; when men drank rum instead of whiskey, and lager beer had never been heard of, nor the great inventions and scientific wonders which make our age an era had anywhere appeared.

A royal fleet of twenty-three vessels was appointed to assemble for the purpose of operating on the east coast, while the seaports were commanded to fit out another fleet of thirty vessels. A third fleet was ordered to assemble in the west, which John of Lorne was appointed to command under the title of High Admiral of the Western Fleet of England.

The mistress of the seas will remain to ensure new combinations of enmity to prohibit the one league of concord that alone can bring freedom and peace to the world. The cause that begot this war will remain to beget new wars. The next victim of universal sea-power may not be on the ravaged fields of mid-Europe, but mid the wasted coasts and bombarded seaports of the Atlantic and Pacific Oceans.

Unless the king was willing to allow Syracuse to fall into the hands of the Carthaginians and to have his grand scheme thereby disconcerted, no other course remained than to abandon his Italian allies and to confine himself for the time being to the occupation of the most important seaports, particularly Tarentum and Locri.

As the carrying and convoying agent of the Crusaders, Venice developed greatly in wealth and power. With direct access to the Brenner Pass, she became a rich distributing center for Eastern goods to northern Europe. In all important Levantine cities there was a Venetian quarter, Venetians had special trading privileges, and many seaports and islands came directly under Venetian rule.

Nevertheless, to guard against sudden and predatory incursions the situation of some of our principal seaports demands your consideration.

This caused a notable growth of seaports on the available harbors. Of those in South Carolina, Charleston stood alone in the first rank, flanked by Georgetown and Beaufort. In the lesser province of Georgia, Savannah found supplement in Darien and Sunbury. The two leading ports were also the seats of government in their respective colonies.

MY LORD: I suppose your Government too vigilant and too patriotic not to be informed of the great and uninterrupted activity which reigns in our arsenals, dockyards, and seaports. I have seen a plan, according to which Bonaparte is enabled, and intends, to build twenty ships of the line and ten frigates, besides cutters, in the year, for ten years to come.