"It was a part of a budget which even three months had proved to be a mass of miscalculation; it was the pet scheme of a cosmopolitan school who love England little, and whom England loves less, whose sympathies are half-American and half-French; and it was the first application of a theory of combined taxation and reform, according to which the poor were exclusively to fix the revenue which the rich were exclusively to pay."
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"American clipper ships opened the British ports to free trade. Half a century of American smuggling and rebellion and costly ineffectual blockades; seven years of war in America, and the loss of the t…"
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