Britain refused the mediation of Spain at a Time when their Spirits were elated by their Successes in the West Indies, and the southern States; and by the accounts they received of Discord in Congress, Discontent among the People, and a Prospect of the Evils with which we were threatened by the Depreciation of our Currency. Deceived by these illusory Gleams of Hope, they permitted their Counsels to be guided by their Pride. What Reason they may have to expect Succor from other Powers, is as yet a Secret. Mr. Gerard is decided in his opinion, that they will obtain none. The Conduct of France in establishing Peace between Russia and the Porte has won the Heart of the Empress; and the Influence of Versailles at Constantinople, will probably give Duration to her Gratitude. The Emperor and Prussia are under similar obligations. The latter wishes us well, and the Finances of the former are too much exhausted to support the Expences of War without Subsidies from Britain, who at present cannot afford them. There is no Reason to suspect that the Peace of Germany will soon be interrupted. Britain may hire some Troops there, but it is not probable she will be able to do more. Portugal and the Dutch, while directed by their Interest, will not rashly raise their Hands to support a Nation, which like a Tower in an Earthquake, sliding from its Base, will crush every slender Prop that may be raised to prevent its Fall.
Saturday, August 25, 2007