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WAR OF THE SPANISH SUCCESSION
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his country by the monopoly of the slave trade; but the distribution was not unfair to the contracting parties, and the share of England was not excessive. We acquired Newfoundland, Nova Scotia, and the Hudson Bay territory, and, in addition to the asiento, the right of trading in the possessions of the House of Bourbon—in fact, the commerce of the world. And our revolutionary system, the permanent exclusion of the Stuarts, received the sanction of Europe. It was the condemnation of the principle of non-resistance, which had carried the Tories to power, and the perpetuation of Whiggism.

Bolingbroke did not intend that the great achievement of his life should serve the purpose of his enemies, and he gravitated towards the Stuarts, the true representatives of the cause to which Sacheverell had given renewed vitality. Harley had opened, through Berwick, negotiations with St. Germains, and had thereby secured the help of the Jacobite organisation. Bolingbroke went further. He believed that the Elector of Hanover could not be prevented from coming in, but that he would soon be driven out again. He said that he was too unintelligent to understand and manage parties, too much accustomed to have his own way to submit to govern under constitutional control. He promised that King James would be restored. And the French concluded peace at Utrecht in the belief that they were dealing with a Jacobite, that their concession in regard to the crown of England amounted to nothing, that, by yielding now, they would secure hereafter the elevation of a dependent dynasty. Under that illusion they combined with Bolingbroke to overreach themselves and to institute party government, under the supremacy of the Whigs.