the days of Lord Chatham or Frederick the Great. The Queen of England has become the sovereign of the most powerful of Oriental states. On the other side of the globe there are now establishments belonging to her, teeming with wealth and population, which will, in due time, exercise their influence over the distribution of power. The old establishments of this country, now the United States of America, throw their lengthening shades over the Atlantic, which mix with European waters. These are vast and novel elements in the distribution of power. I acknowledge that the policy of England with respect to Europe should be a policy of reserve, but proud reserve; and in answer to those statesmen—those mistaken statesmen who have intimated the decay of the power of England and the decline of its resources, I express here my confident conviction that there never was a moment in our history when the power of England was so great and her resources so vast and inexhaustible.[65] And yet, gentlemen, it is not merely our fleets and armies, our powerful artillery, our accumulated capital, and our unlimited credit on which I so much depend, as upon that unbroken spirit of her people, which I believe was never prouder of the imperial country to which they belong. Gentlemen, it is to that spirit that I above all things trust. I look upon the people of Lancashire as a fair representative of the people of England. I think the manner in which they have invited me here, locally a stranger, to receive the expression of their cordial sympathy, and only because they recognize some effort on my part to maintain the greatness of their country, is evidence of the spirit of the land. I must express to you again my deep sense of the generous manner in which you have welcomed me, and in which you have permitted me to express to you my views upon public affairs. Proud of your confidence, and encouraged by your sympathy, I now deliver to you, as my last words, the cause of the Tory party, the English constitution, and of the British empire. WILLIAM EWART GLADSTONE.