y inflicted by a tyrant gave a right of
citizenship in Holland. Men pressed towards a country where liberty
raised her spirit-stirring banner, where respect and security were
insured to a fugitive religion, and even revenge on the oppressor. If
we consider the conflux in the present day of people to Holland, seeking
by their entrance upon her territory to be reinvested in their rights as
men, what must it have been at a time when the rest of Europe groaned
under a heavy bondage, when Amsterdam was nearly the only free port for
all opinions? Many hundred families sought a refuge for their wealth in
a land which the ocean and domestic concord powerfully combined to
protect. The republican army maintained its full complement without the
plough being stripped of hands to work it. Amid the clash of arms trade
and industry flourished, and the peaceful citizen enjoyed in
anticipation the fruits of liberty which foreign blood was to purchase
for them. At the very time when the republic of Holland was struggling
for existence she extended her dominions beyond the ocean, and was
quietly occupied in erecting her East Indian Empire.

Moreover, Spain maintained this expensive war with dead, unfructifying
gold, that never returned into the hand which gave it away, while it
raised to her the price of every necessary. The treasuries of the
republic were industry and commerce. Time lessened the one whilst it
multiplied the other, and exactly in the same proportion that the
resources of the Spanish government became exhausted by the long
continuance of the war the republic began to reap a richer harvest. Its
field was sown sparingly with the choice seed which bore fruit, though
late, yet a hundredfold; but the tree from which Philip gathered fruit
was a fallen trunk which never again became verdant.

Philip's adverse destiny decreed that all the treasures which he
lavished for the oppression of the Provinces should contribute to enrich
them. The continual outlay of Spanish gold had diffused riches and
luxury throughout Europe; but the increasing wants of Europe were
supplied chiefly by the Netherlanders, who were masters of the commerce
of the known world, and who by their dealings fixed the price of all
merchandise. Even during the war Philip could not prohibit his own
subjects from trading with the republic; nay, he could not even desire
it. He himself furnished the rebels with the means of defraying the
expenses of their own defence;