able to impose annually upon his subjects. Neither, if the war last many years longer, do I see how the next generation will be able to begin another; which, in the course of human affairs, and according to the various interests and ambition of princes, may be as necessary for them, as it has been for us. And if our fathers had left us deeply involved, as we are likely to leave our children, I appeal to any man, what sort of figure we should have been able to make these twenty years past. Besides, neither our enemies, nor allies, are upon the same foot with us in this particular. France and Holland, our nearest neighbours, and the farthest engaged, will much sooner recover themselves after a war: the first, by the absolute power of the prince, who, being master of the lives and fortunes of his subjects, will quickly find expedients to pay his debts; and so will the other, by their prudent administration, the greatness of their trade, their wonderful parsimony, the willingness of their people to undergo all kind of taxes, and their justice in applying, as well as collecting them. But above all we are to consider, that France and Holland fight on the continent, either upon or near their own territories, and the greatest part of the money circulates among themselves; whereas ours crosses the sea, either to Flanders, Spain, or Portugal; and every penny of it, whether in species or returns, is so much lost to the nation for ever.
Upon these considerations alone, it was the most prudent course imaginable in the Queen, to lay hold of the disposition of the people for changing the parliamient and ministry at this juncture, and extricating herself as soon as possible out of the
