The Diplomatists of EuropeCapefigue, M. (Jean Baptiste Honoré Raymond)
History
The Diplomatists of Europe
Capefigue, M. (Jean Baptiste Honoré Raymond)
Diplomats; Statesmen
soul of it, for the elements of which the English ministry were then
composed were subject to his power; indeed when a character of great
strength is anywhere met with, every thing gives way to his influence,
for a superior mind never fails to be acknowledged. Lord Liverpool was
no doubt a man of great consideration, and he held the first place
officially in the cabinet; but when Europe began to rouse herself from
her sleep, Castlereagh gave so powerful an impulse to the English
diplomacy that it very soon ruled the world: let us now see what an
immense task she had to perform.
Europe, with all her desire of acting vigorously against Buonaparte,
possessed neither money nor credit, and this to such a degree, that
Prussia, for instance, had not a million of florins at her disposal;
England not only provided subsidies, but also the means of negotiating
loans: she became security for Prussia, Austria, and Russia; thus
taking upon herself the credit of the world. The whole of the subsidies
were not paid in money--arms, clothing, and provisions were also sent;
and this extraordinary effort gave employment to her machinery, work
to the labouring classes, and immense occupation to her mercantile
navy. Her inexhaustible liberality demanded in return the abatement of
the tariffs and free entry for her manufactures; by which means she
regained a great portion of the advantages she afforded. In order
to be convinced of this, it is only necessary to consult the rate of
exchange for that period, which was almost always in favour of London;
that is to say, that while she appeared to be furnishing money, it was
merely changing the location of her funds. Hamburg, Frankfort, Vienna,
and Berlin, were in debt to London, and the loans thus compensated
themselves; shewing the prodigious strength of the commercial
principle, and the magnificent power of an aristocratic state, directed
by a superior mind.
Public-domain text, read in full here on John Shaqi.
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