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"I have a strong belief that there is a danger of the public opinion of this country undergoing a reaction from the Cobdenic doctrines of 30 or 40 years ago, and believing that it is our duty to take everything we can, to fight everybody, and to make a quarrel of every dispute. That seems to me a very dangerous doctrine, not merely because it might incite other nations against us—though that is not a consideration to be neglected, for the kind of reputation we are at present enjoying on the Continent of Europe is by no means pleasant, and by no means advantageous; but there is a much more serious danger, and that is lest we should overtax our strength. However strong you may be, whether you are a man or a nation, there is a point beyond which your strength will not go. It is madness; it ends in ruin if you allow yourselves to pass beyond it."
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