The Principles of Political Economy

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The preponderating naval power of Great Britain, it must be confessed, renders at the present moment the anticipation of the occurrence of such a state of things almost Utopian. It is not be expected that she will consent to yield up voluntarily, as a sacrifice to the general welfare of mankind, any portion of her means of annoying her enemy in war, without some compensating gain. In this point of view, her overgrown navy cannot but be regarded as a nuisance of peculiar magnitude. All other nat...ions should exert themselves, in every just and expedient mode, to abate it. And what would be productive of an approach at least to the result desired, in reference to the matter now before us, they should likewise combine together to obtain the recogni- tion universally, in opposition to the present British doctrines and practice, of the principle that " free ships make free goods, " or that " the flag of a neutral covers the property of an enemy, " as well as of the principles of " strict blockade.

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