“She holds the United States by the folly of its own people, whereby her control of this country costs her nothing. She has to pay nothing for her financial and commercial drainage of the United States. “But the amount of her annual drainage of gold from the United States far exceeds that from India. “Therefore the United States is by far the most valuable of all the dependencies of Great Britain. “In the relation of India to England there is something pitiable, because India is helpless. “In the relation of the United States to England there is nothing that is not contemptible, because it is the willing servitude of a nation that could help herself if she would. “England is wide awake to those conditions, and keenly appreciates their priceless value to her. “The United States blinks at them, half dazed, half asleep, insensible of their tremendous damage to her. “England, clearly seeing that in this age more than ever before ocean empire is world empire, strains every nerve to perpetuate her sea power and exhausts her resources to double-rivet the fetters which it fastens upon mankind. “Though in 1885 England already had a navy superior to those of any two and equal to those of any three other powers, if not to all others, she has since that date built a new navy which, with what remains most available of the old one, overshadows the world, and makes the sea as much British territory as the County of Middlesex.”