It seized all our ships at home, and left most of them
to decay, without giving the sufferer the claim to ultimate redress
which consoled him in cases of foreign seizure. It aided France so
little, that this "deed of magnanimity" was in a few months forgotten.
Instead of impoverishing or humbling England, it poured into her lap the
riches of the world, and increased the insolence of her tone; while it
impoverished our own nation, broke the spirit of the commercial classes
and alienated them from Government, and gave the first of a series of
blows to the nation from which it did not recover for a quarter of a
century.
But the pusillanimous policy which prompted the embargo survived its
repeal. The Chinese theory still showed itself, not in measures for
defence, but in impotent measures for restriction or prohibition, and
finally in a declaration of war against England on the very eve of her
triumph by the power of her navy and commerce over the greatest captain
of the age: a war declared by our rulers without an army, navy,
officers, coast-defence, or national credit, for the avowed purpose of
securing free trade and sailors' rights by measures which the mercantile
community rejected.
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