In compromise and treaty with such a power, placed in such hands as now exercise it, and retaining the same means of annoyance which it now possesses, I see little hope of permanent security. I see no possibility at this moment of concluding such a peace as would justify that liberal intercourse which is the essence of real amity; no chance of terminating the expenses or the anxieties of war, or of restoring to us any of the advantages of established tranquillity; and as a sincere lover of peace, I cannot be content with its nominal attainment; I must be desirous of pursuing that system which promises to attain, in the end, the permanent enjoyment of its solid and substantial blessings for this country, and for Europe. As a sincere lover of peace, I will not sacrifice it by grasping at the shadow, when the reality is not substantially within my reach--_Cur igitur pacem nolo? Quid infida est, quia periculosa, quia esse non potest_. If, Sir, in all that I have now offered to the House, I have succeeded in establishing the proposition that the system of the French revolution has been such as to afford to foreign Powers no adequate ground for security in negotiation, and that the change which has recently taken place has not yet afforded that security; if I have laid before you a just statement of the nature and extent of the danger with which we have been threatened; it would remain only shortly to consider, whether there is anything in the circumstances of the present moment to induce us to accept a security confessedly inadequate against a danger of such a description.