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 The South American trade presented infinite possibilities. It was pursued with difficulty against the resistance of the Spaniards, who had the law on their side. It was considered worth a war, and the strength of public feeling overcame the feeble scruples of the minister. The war ended disastrously, but before the end Walpole had been driven from office. It had been no part of his policy to promote prosperity by arms, but it was part of his policy, and the deciding part of it, to let the nation, in the last instance, regulate its own affairs. Peace was a good thing; but profit was also a good thing; and Walpole had no principle that made one a question of duty and the other a question of interest.

The constant lesson of the Revolution was that England preferred monarchy. But after the fall of Walpole it was observed that there was a new growth of republican sentiment, and that the country felt itself superior to the government. This was the natural result of the time known as the Robinocracy; not because he devised liberal measures, but because he was careful to be neither wiser nor more liberal than the public. He was quite content to preserve the government of the country by the rich, in the interest of their own class. Unlike Stanhope, his predecessor, he was unmoved by the intolerance of the laws in England, and especially in Ireland. He was a friend to Free Trade; but he suffered Ireland to be elaborately impoverished, for the benefit of English landlords. Slavery and the slave trade, which Bolingbroke had promoted, were not remedied or checked by this powerful Whig. The criminal Code, in his time, grew annually more severe; and I need enter into no details as to the treatment of prisoners and of the poor. Walpole was so powerful, and was powerful so long, that much of the responsibility for all these things is at his door. On this account, and not because he governed by patronage and pensions and ribbons and bribes, he was a false Whig.

Government by Party was established in 1714, by Party acting through the Cabinet. Walpole added to this