The message of President Monroe was received in England with enthusiastic congratulations. It was upon all tongues; the press was full of it; the securities of Spanish America rose in the market; the agents of Spanish America were happy.[92] Brougham exclaimed, in Parliament, that "no event had ever dispersed greater joy, exultation, and gratitude over all the freemen of Europe." Mackintosh rejoiced in the coincidence of England and the United States, "the two great commonwealths, for so he delighted to call them; and he heartily prayed that they may be forever united in the cause of justice and liberty."[93] The Holy Alliance abandoned their purposes on this continent, and the independence of the Spanish colonies in America was established. Some time afterwards, on the occasion of assistance to Portugal, when Mr. Canning felt called to review and vindicate his foreign policy, he assumed the following lofty strain. This was in the House of Commons, _12th December, 1826_:-- "It would be disingenuous not to admit that the entry of the French army into Spain was, in a certain sense, a disparagement,--an affront to our pride,--a blow to the feelings of England. But I deny that, questionable or censurable as the act may be, it was one that necessarily called for our direct and hostile opposition. Was nothing then to be done? If France occupied Spain, was it necessary, in order to avoid the consequences of that occupation, that we should blockade Cadiz? No. I looked another way. I sought materials for compensation in another hemisphere. Contemplating Spain, such as our ancestors had known her, I resolved that, if France had Spain, it should not be Spain 'with the Indies.' _I called the New World into existence to resist the balance of the Old._"[94] The republics of Spanish America, thus called into independent existence, were to redress the balance of the Old World. If they have not contributed the weight thus vaunted, the growing power of the United States is ample to compensate any deficiencies on this continent. There is no balance of power which it cannot redress, if occasion requires. RICHARD COBDEN.--1849. Coming to our own day, we meet a familiar name, now consecrated by death,--Richard Cobden; born 3d June, 1804, and died 2d April, 1865. In proportion as truth prevails among men, his character will shine with increasing glory until he is recognized as the first Englishman of his time. Though thoroughly English, he was not insular, and he served mankind as well as England.