Bourbon might make inroads at pleasure into the dominions of either the Austrians or Dutch.  This they were immediately interested in preventing; and as we knew the necessity of preserving the equipoise of power, we likewise were remotely engaged to promote any measures by which it might be secured.  In this demand, therefore, all the confederate powers naturally united, and by their united influence enforced compliance.  But though it was easy, with no great profundity of political knowledge, to discover from whom these provinces should be taken away, to whom they should be given, was a question of more difficulty; since they might add to the power that had opportunities of improving them, such an increase of commerce and wealth as might defeat the end for which they were demanded, and destroy the balance of power, by transferring too much weight into another scale.  And mankind has learned, my lords, by experience, that exorbitant power will always produce exorbitant pride; that very few, when they can oppress with security, will be contained within the bounds of equity by the restraints of morality or of religion; and that, therefore, the only method of establishing a lasting peace is to divide power so equally, that no party may have any certain prospect of advantage by making war upon another.

For this reason, my lords, it was apparently contrary to our interest to grant those provinces to those to whom, by their situation, they might have been most useful.  Such countries, and such manufactures in the hands of a people versed, perhaps, beyond all others, both in the science and the stratagems of trade, and always watchful to improve every opportunity of increasing their riches, would have enabled them in a short time to purchase an interest in the councils of all the monarchs of the world, to have maintained fleets that might have covered the ocean, and to have obtained that universal dominion to which the French have so long aspired, and which it is, perhaps, more for the interest of mankind, that if slavery cannot be prevented, they should obtain, as they would, perhaps, use their power with more generosity.

The same reason, my lords, naturally made the Dutch unwilling to put these provinces in the hands of Britain; for we, likewise, make a profession of trade, though we do not pursue it with the same ardour, or, to confess the truth, with the same success:  it was not, however, to be imagined, that there would not be found among us some men of sagacity to discern, and of industry to improve the opportunities which the new dominions would have put into our hands of vending our manufactures in parts where, at present, they are very little known.  Nor was this the only danger to be feared from such an increase of dominion:  the Dutch have not yet forgotten, that though we at first rescued them from slavery, patronised the infancy of their state, and continued our guardianship till it was grown up to maturity, and enabled to support itself by its own