The Treaty of Utrecht narrowed the whole French sea-coast of America down to the single island of Cape Breton. Here, after seven years of official hesitation and maritime exhaustion, Louisbourg was founded to guard the only harbour the French thought they had a chance of holding. A medal was struck to celebrate this last attempt to keep the one remaining seaway open between Old France and New. Its legend ran thus: Ludovicoburgum Fundatum et Munitum, M.DCC.XX ('Louisbourg Founded and Fortified, 1720'). Its obverse bore the profile of the young Louis XV, whose statesmen hoped they had now established a French Gibraltar in America, where French fleets and forts would command the straits leading into the St Lawrence and threaten the coast of New England, in much the same way as British fleets and forts commanded the entrance to the Mediterranean and threatened the coasts of France and Spain. This hope seemed flattering enough in time of peace; but it vanished at each recurrent shock of war, because the Atlantic then became a hostile desert for the French, while it still remained a friendly highway for the British. The first French settlers in Louisbourg came over from Newfoundland, which had been given up to the British by the treaty. The fishermen of various nations had frequented different ports all round these shores for centuries; and, by the irony of fate, the new French capital of Cape Breton was founded at the entrance to the bay which had long been known as English Harbour. Everything that rechristening could do, however, was done to make Cape Breton French. Not only was English Harbour now called Louisbourg, but St Peter's became Port Toulouse, St Anne's became Port Dauphin, and the whole island itself was solemnly christened Ile Royale.