ONE:
TWO:The king and his war cabinet were now compelled to sue to France for the peace which was so freely offered the year before. Newcastle wrote to Sandwich in April, that the impossibility of arresting the progress of the French army, the discordant pretensions of the Allies, and their gross neglect of their engagements, rendered it absolutely necessary to make peace. Sandwich was to communicate this necessity to the Plenipotentiaries of the Allies, and if they declined to assent to it, to sign the preliminaries without them. The Ministers of the Allies still refused to join; it suited them very well to receive vast subsidies to fight their own battles, and yet to leave England to fight them. On the other hand, Count St. Severin, the Plenipotentiary of France, now felt his vantage-ground, and offered far worse terms than before, and, to force their acceptance, threatened that if they were not agreed to without delay, the French would leave the fortifications of Ypres, Namur, and Bergen-op-Zoom, and march directly into Holland. The treaty was signed by England, France, and Holland on the 18th of April. The general conditions were a mutual restoration of conquests. All the nations were placed very much in statu quo, except that Prussia had got Silesia, and Sardinia had lost Placentia and Finale. As for England, she firmly established her maritime supremacy, which from that date has remained unchallenged. The Young Pretender was compelled to leave France, and thenceforward ceased to be of any political importance.New York, Jersey, and the New England States traded in the same commodities: they also built a considerable number of ships, and manufactured, especially in Massachusetts, coarse linens and woollens, iron, hats, rum, besides drying great quantities of fish for Spain, Portugal, and the Mediterranean markets. Massachusetts already employed 40,000 tons of shipping. New England furnished the finest masts in the world for the navy; Virginia and Maryland furnished 50,000 hogsheads of tobacco, annually valued at 370,000; employing 24,000 tons of shipping. From these colonies we received also large quantities of skins, wool, furs, flax, etc. Carolina had become a great rice-growing country. By the year 1733 it had nearly superseded the supply of that article from Italy in Spain and Portugal; in 1740 it exported nearly 100,000 barrels of rice; and seven years afterwards, besides its rice, it sent to England 200,000 pounds of indigo, rendering us independent of France for that article; and at the end of the present period its export of indigo had doubled that quantity, besides a very considerable exportation of pitch, sassafras, Brazil wood, skins, Indian corn, and other articles.
