The Principles of Political Economy Applied to the Condition the Resources And

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hemispheres, and their sails whitened every sea. They had almost exclusive control of the carrying-trade, and the Naviga- tion Laws of the English were enacted for the avowed purpose of wresting a portion of this traffic from them. They alone, for a long period, contended with England for the mastery of the seas ; and during a portion of this time victory inclined to their flag. Then were executed those gigantic works of in- ternal improvement which rescued Holland permanently from the ocean, c
...onverted her marshes into gardens, and made her canals the highways of the commerce of Europe. Having touched the zenith of their fortunes, the Dutch did not begin to decline, but simply remained stationary, while other nations, England especially, have in their turn risen to be masters of the commercial world.
And the same cause which checked the progress of Holland, which opposes a necessary limit to the growth of national opu- lence, threatens even now to stay the course of English pros- perity.


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