That page in the nation's history which records the years immediately following the Restoration of the Stewarts to the English throne, has often been regarded as sinister and inauspicious. Crushed and broken by the long strain of civil war, apparently bankrupt in letters, commerce and arms, above all, sick of the restraints imposed upon them by the Roundheads, the nation has too often been represented as abandoning itself wholly to the pursuit of pleasure, while folly and license reigned supreme at court. The almost startling rapidity with which England recovered her pride of place in the commercial world has been too little dwelt upon. Hardly had Charles the Second settled down to enjoy his heritage when the spirit of mercantile activity began to make itself felt once more. The arts of trade and commerce, of discovery and colonization, which had languished under the Puritan ascendancy, revived; the fever of "Imperial Expansion" burst out with an ardour which no probability of failure was able to cool; and the court of the "Merry Monarch" speedily swarmed with adventurers, eager to win his favour for the advancement of schemes to which the chiefs of the Commonwealth would have turned but a deaf ear. Of just claimants to the royal bounty, in the persons of ruined cavaliers and their children, there was no lack. With these there also mingled, in the throng which daily beset the throne with petitions for grants, charters, patents and monopolies,--returned free-booters, buccaneers in embryo, upstarts and company-promoters. Every London tavern and coffee-house resounded with projects for conquest, trade, or the exploitation of remote regions. From the news-letters and diaries of the period, and from the minutes of the Council of Trade and the Royal Society, one may form an excellent notion of the risks which zealous capital ran during this memorable decade. For two centuries and more mercantile speculation had been busy with the far East. There, it was believed, in the realms of Cathay and Hindustan, lay England's supreme market. A large number of the marine expeditions of the sixteenth century were associated with an enterprise in which the English nation, of all the nations in Europe, had long borne, and long continued to bear, the chief part. From the time of Cabot's discovery of the mainland in 1498, our mariners had dared more and ventured oftener in quest of that passage through the ice and barren lands of the New World which should conduct them to the sunny and opulent countries of the East. [Sidenote: English right to Hudson's Bay.]