As trade enriched the citizens in England, so it contributed to their freedom, and this freedom on the other side extended their commerce, whence arose the grandeur of the State.  Trade raised by insensible degrees the naval power, which gives the English a superiority over the seas, and they now are masters of very near two hundred ships of war.  Posterity will very probably be surprised to hear that an island whose only produce is a little lead, tin, fuller’s-earth, and coarse wool, should become so powerful by its commerce, as to be able to send, in 1723, three fleets at the same time to three different and far distanced parts of the globe.  One before Gibraltar, conquered and still possessed by the English; a second to Portobello, to dispossess the King of Spain of the treasures of the West Indies; and a third into the Baltic, to prevent the Northern Powers from coming to an engagement.

At the time when Louis XIV. made all Italy tremble, and that his armies, which had already possessed themselves of Savoy and Piedmont, were upon the point of taking Turin; Prince Eugene was obliged to march from the middle of Germany in order to succour Savoy.  Having no money, without which cities cannot be either taken or defended, he addressed himself to some English merchants.  These, at an hour and half’s warning, lent him five millions, whereby he was enabled to deliver Turin, and to beat the French; after which he wrote the following short letter to the persons who had disbursed him the above-mentioned sums:  “Gentlemen, I have received your money, and flatter myself that I have laid it out to your satisfaction.”  Such a circumstance as this raises a just pride in an English merchant, and makes him presume (not without some reason) to compare himself to a Roman citizen; and, indeed, a peer’s brother does not think traffic beneath him.  When the Lord Townshend was Minister of State, a brother of his was content to be a City merchant; and at the time that the Earl of Oxford governed Great Britain, a younger brother was no more than a factor in Aleppo, where he chose to live, and where he died.  This custom, which begins, however, to be laid aside, appears monstrous to Germans, vainly puffed up with their extraction.  These think it morally impossible that the son of an English peer should be no more than a rich and powerful citizen, for all are princes in Germany.  There have been thirty highnesses of the same name, all whose patrimony consisted only in their escutcheons and their pride.

In France the title of marquis is given gratis to any one who will accept of it; and whosoever arrives at Paris from the midst of the most remote provinces with money in his purse, and a name terminating in ac or ille, may strut about, and cry, “Such a man as I!  A man of my rank and figure!” and may look down upon a trader with sovereign contempt; whilst the trader on the other side, by thus often hearing his profession treated