Modern English Statesmen

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Yet withal, there is that note of sane mate- rialist common sense that made his father adored by the City merchants, even when they only understood a frag- ment of what their political leader wanted. There is a letter of April 1777 which, were it written to The Times to-day, would probably bring down on the head of its writer enough Jingo oratory to float another "National- ist" party in Parliament. "I look, " wrote Horace Wal- pole to Mann, "upon a great part of America as lost to this country.... It is not less deplorable that such an inveteracy has been sown between the two countries as will probably outlast even the war. . , . What a differ- ence, in a future war with France or Spain, to have the Colonies in the opposite scale instead of being in ours. What politicians are those who have preferred the empty name of sovereignty to that of alliance, and forced sub- sidies to the golden ocean of commerce?" So far the case might have been grasped and approved by the most practical of the City gentlemen.

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