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1885.] in hardy enterprises, and often assisted to carry them out.

"During the last two or three years, the circumstances of my life, into which it is not necessary for me now to enter, have forced me not merely to circumnavigate the globe, but especially to visit those British possessions, and those seaboards of lands still relative if barbarous, upon which your countrymen are so thickly dotted as merchants or settlers, and where British subjects of foreign race abound, who carry on their avocations under that British protection which used to be a reality, but is now only a name. Familiar as I have been with Englishmen from my youth, I found a spirit of bitter discontent rife, which, even among your grumbling race, was altogether a new feature in their conversation, especially with a foreigner. Many were making arrangements to close up their business and abandon the commerce in which they were engaged; some, and this was especially the case among the British subjects of foreign race, were taking steps to change their nationality. In some of the colonies the language held sounded to my Russian ears little short of high treason; while I often heard Englishmen in the society of foreigners say that they were ashamed to call themselves Englishmen – a sentiment which I do not remember ever having heard one of your countrymen give vent to in my youth.

"I only mention these as illustrations of the fact which was forcibly impressed upon me during my travels, that the influence of England was waning, not in Europe, where it has waned, but where it might be recovered by a vigorous stroke of policy, – but in Asia, Africa, and America – in those continents from which she derives her position and her wealth. The waning of British influence in Europe means, comparatively, nothing, so far as British commerce is concerned. The waning of that influence in the three other continents means national decay. It has not been by her great wars, her European campaigns, that England has achieved greatness, but by her little ones in those distant countries which your Government seems ready to retire from, bag and baggage, at the first word of a new-comer; and yet one would suppose that nothing could be clearer to a people not in its dotage than this, that if they do not protect their merchants, the latter will not be able to compete with those who are protected. If you desire proof of this, look at the increasing substitution of German for English houses of commerce all over the world; and if commerce languishes, food becomes dearer for those very classes who cry out against those little wars which, when wisely turned to account, have proved your best national investments, and have been the indirect means of giving food and employment to your starving millions. I see that there is some talk of a committee being appointed to inquire into the causes of the depression of trade. Those causes are not very far to seek; or rather, in another sense, they are very far to seek. You must travel from China to Peru to find them, and they will stare you in the face. I have been watching, while you are squabbling over your Franchise and your Redistribution Bills, how your trade is slipping from you. So you go on fiddling on the two strings of your electoral fiddle, while Rome is burning. One would have supposed that England was old enough by this time to have discovered that it would not improve her