The war had hardly begun. We had
suffered neither by spoil, nor by defeat, nor by disgrace of any kind.
Public credit was so little impaired, that, instead of being supported
by any extraordinary aids from individuals, it advanced a credit to
individuals to the amount of five millions for the support of trade and
manufactures under their temporary difficulties, a thing before never
heard of,--a thing of which I do not commend the policy, but only state
it, to show that Mr. Fox's ideas of the effects of war were without any
trace of foundation.
33. It is impossible not to connect the arguments and proceedings of a
party with that of its leader,--especially when not disavowed or
controlled by him. Mr. Fox's partisans declaim against all the powers of
Europe, except the Jacobins, just as he does; but not having the same
reasons for management and caution which he has, they speak out. He
satisfies himself merely with making his invectives, and leaves others
to draw the conclusion. But they produce their Polish interposition for
the express purpose of leading to a French alliance. They urge their
French peace in order to make a junction with the Jacobins to oppose the
powers, whom, in their language, they call despots, and their leagues, a
combination of despots. Indeed, no man can look on the present posture
of Europe with the least degree of discernment, who will not be
thoroughly convinced that England must be the fast friend or the
determined enemy of France.
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