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Bourbon on the Spanish throne? Was it Spain, whose only gain was to have a Bourbon king instead of an Austrian, and thus a closer alliance with France? Was it Holland, with its barrier of fortified towns, its ruined navy, and its exhausted people? Was it, lastly, Austria, even though she had fought with the money of the sea powers, and gained such maritime States as the Netherlands and Naples? Was it with these, who had waged war more and more exclusively by land, and set their eyes more and more on gains on the land, or was it not rather with England, who had indeed paid for that continental war and even backed it with her troops, but who meanwhile was building up her navy, strengthening, extending, and protecting her commerce, seizing maritime positions,--in a word, founding and rearing her sea power upon the ruins of that of her rivals, friend and foe alike? It is not to depreciate the gains of others that the eye fixes on England's naval growth; their gains but bring out more clearly the immenseness of hers. It was a gain to France to have a friend rather than an enemy in her rear, though her navy and shipping were ruined. It was a gain to Spain to be brought in close intercourse with a living country like France after a century of political death, and she had saved the greater part of her threatened possessions. It was a gain to Holland to be definitively freed from French aggression, with Belgium in the hands of a strong instead of a weak State. And it doubtless was a gain to Austria not only to have checked, chiefly at the expense of others, the progress of her hereditary enemy, but also to have received provinces like Sicily and Naples, which, under wise government, might become the foundation of a respectable sea power. But not one of these gains, nor all together, compared in greatness, and much less in solidity, with the gain to England of that unequalled sea power which started ahead during the War of the League of Augsburg, and received its completeness and seal during that of the Spanish Succession. By it she controlled the great commerce of the open sea with a military shipping that had no rival, and in the exhausted condition of the other nations could have none; and that shipping was now securely based on strong positions in all the disputed quarters of the world. Although her Indian empire was not yet begun, the vast superiority of her navy would enable her to control the communications of other nations
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