(14
of Commerce and producers. Public & private
property & happiness in a [], than
any other example that can be easily
presented.  Holland [before] [her] []
had with Belgium [] [] the
Dutch Netherlands.  The character of 
[their] [God] & [their] [independence] may
be ascribed to the [fanaticism] of
Protestantism.  The ^[Polish] had no traits
of [character] [national] or [individual]
[similarily] to those of the Italian
Races, on the contrary their [disease]
-[teredties] present an []
, or marked contrast.  Without any
[] [either] of Southern
or [Slavonic] blood, they were
[eventually] Teutonic, & were at 
the same time the most [phleg-]
[-matic] & most practical People
on the face of the Earth.  They
were the [least] [imaginative]
People in Europe & there had
been [but] little in their History
& there was nothing in the
natural aspect & location of
their Country, to [encourage]
[brilliant] [dreams] of the [heart]
[or] [fancy].  A [plodding], [sober]
practical People, they came to
the conclusion [slowly] but with
a steady & unalterable []
of its [exploding] & [], that it
was [their] best [philosophy] to turn 
their whole attention to the [readiest]

and most profitable means for the 
improvement of their physical [comfort].
They may truly be said to have
organised their Govt & gotten their
land, & built their [?] upon
commercial agricultural & manufacturing
[?].  At the [time] the seven
United Provinces became [separate]
[from] Belgium and free, there was
scarcely a native in Europe that
did not, to a greater or less extent,
comprehend the advantage of 
[?] & [?]
and the [?] of the
New Republic took a fortunate
direction [?] as the [?] com
mercial impulses of Spain & Portugal
was [?]. The [?] were
speedily [buried] in understanding a
[] East and West India had 
a [] [] for their [Cargie] part 
of the [Couteruat]. [] were [their]
[pafeits] that [flowered] is after []
[discuss] their success expanded in 
pageantius, paups & Cecily Marcus
on [] in [] [adbdection] 
& loans. [] them. Wealth they
differ not the sea gram then. []-
-tly not rosemary conceals. There
[fruitakeries] then sail - [] lovely
[] their many where []
[person] where relieves []
[] with universe [survey]. []
did their single Country - [] [] []

[...] 130 miles in length by 120
in breadth not in fact pr[...]
a third part of the surface of
the State of Pennsylvania - [...]
really a war march, bying bellow 
the sea & [] to terrible inun
-dations, with a moist & foggy []
-[] & sterile soil, became their
the beneficial influence of its []
-[] for its [] by far 
the most [] & [] State
in Europe. It contained & confidently
supported the [] population 
of 3 millions of Human Beings.
It [] & state peoples, [] 
splendid cities & was thoroughly []
with [] villages & the whole
Country was made an [] &

of the City of [L-] saw the flower
he offerd to their Nefficy. Audit
is code [] that also saw [] 
with a brown at his [] head
swpt the Breteate Chaveal with 
his pleats, from [D-] to the Texas.
They even [s-] few the En
-glish the Colony of New York that 
the English only re-obtained from
them by [victuo] of [soleme] treaty
[st-] [N-] wealth has not 
been [], but understandably 
inaguinllary, in [N-], in 
Canals & in Public school [] 
with them, which under the newest
[] circumstances they 
have [] to [] a caye 
[] of their [C-]. Altho their
ferver of Govt has been discouraged &
they hava public debt contracted
during the [F-] war of [] 
of [] they [] been a 
told that [] [] to pay 
1 each an [] in their debt that in
there Country is Europe would
[] under without []
peril of failure.
    We are all familiar
with the History of G Britain
& my limits on the present or
[]would be greatly []
-[] if G ever to accept the
[] of that history in []
Before the discovery of this Continent
& so long or the Eastern [C-]



[] the [] will & courage to 
[] & the [assipui?] []
& evidence to [?] His Contest
with Holland for Naval supremacy
left her the [] []
of the seas. With a clear []
before her [] view circulated 
all [] has any is in the accu
-mulation of wealth. The []
obtained that [C-] over 
the East Ending trade that connected
to a monopoly & he has []
gradually observed the largest 
[] ...

to lose that Commerce her great 
heart would heat & prove
faulty & History would reveal
the triumphs of [] have 
other [p-tution] of the precedent 
[E-] to which the Eastern 
Hemisphere has yet given both.
     It is fair [] that Europe 
has [] drawn the Cayu portopm of 
its wealth & incidentally [] the 
[] men of its racial [].
Its History has [] their 
Just conquered any [] debt
It is any time that the Continent of 
Europe [] & has alreadt devel-
oped universe wealth in its internal
provinces. But would their late
day it is certain that Europe
would deteriorate if deprived of 
its main connections. The no 
inconsiderable degree from America
but principally from the East 
it has drawn the Capital with 
which it has [] its valuable 
mines of Coals & Minerals, reclaim 
& put under a fruitful []
its Lauds, founded its []
action & [] system of 
Agriculture, & established these 
Public Institutions of all de-
[] this [] []
-tality it has educated the [maids?]

and [pefired] the holidy of its People.
It has indeed aroused their their 
newer ale the healthier principles
I am elder civilization & given
there in [] [] in []
& [] [exp-pion]. It ia opening
the Decedents of the Ancient 
Treaties that Commence has proh
-bited its magnificent Copacity 
to perceive the first Rights & to 
advance the objects hopefully
freedom & glory of man. When 
we look for those [alightincy?] 
affects that Commerce has pro-
duced in Europe we must
cast our eyes upon the sorrow
& left, the Dane & Swede, the 
Frank & the German. The 
history of the whole civilised 
epoch.