Is it meant, it may be asked, to attribute to sea power alone the greatness or wealth of any State? Certainly not. The due use and control of the sea is but one link in the chain of exchange by which wealth accumulates; but it is the central link, which lays under contribution other nations for the benefit of the one holding it, and which, history seems to assert, most surely of all gathers to itself riches. In England, this control and use of the sea seems to arise naturally, from the concurrence of many circumstances; the years immediately preceding the War of the Spanish Succession had, moreover, furthered the advance of her prosperity by a series of fiscal measures, which Macaulay speaks of as "the deep and solid foundation on which was to rise the most gigantic fabric of commercial prosperity which the world had ever seen." It may be questioned, however, whether the genius of the people, inclined to and developed by trade, did not make easier the taking of such measures; whether their adoption did not at least partially spring from, as well as add to, the sea power of the nation. However that may be, there is seen, on the opposite side of the Channel, a nation which started ahead of England in the race,--a nation peculiarly well fitted, by situation and resources, for the control of the sea both by war and commerce. The position of France is in this peculiar, that of all the great powers she alone had a free choice; the others were more or less constrained to the land chiefly, or to the sea chiefly, for any movement outside their own borders; but she to her long continental frontier added a seaboard on three seas. In 1672 she definitely chose expansion by land. At that time Colbert had administered her finances for twelve years, and from a state of terrible confusion had so restored them that the revenue of the King of France was more than double that of the King of England. In those days France paid the subsidies of Europe; but Colbert's plans and hopes for France rested upon making her powerful on the sea. The war with Holland arrested these plans, the onward movement of prosperity ceased, the nation was thrown back upon itself, shut off from the outside world. Many causes doubtless worked together to the disastrous result which marked the end of the reign of Louis XIV.: constant wars, bad administration in the latter half of the period, extravagance throughout; but France was practically never invaded, the war was kept at or beyond her own frontiers with slight exceptions, her home industries could suffer little from direct hostilities. In these respects she was nearly equal to England, and under better conditions than her other enemies. What made the difference in the results? Why was France miserable and exhausted, while England was smiling and prosperous? Why did England dictate, and France accept, terms of peace? The reason apparently was the difference in wealth and credit.