taken rise in the reign of queen Elizabeth. At this time the protestant
religion was established, which naturally allied us to the reformed
state, and made all the popish powers our enemies.

We began in the same reign to extend our trade, by which we made it
necessary to ourselves to watch the commercial progress of our
neighbours; and if not to incommode and obstruct their traffick, to
hinder them from impairing ours.

We then, likewise, settled colonies in America, which was become the
great scene of European ambition; for, seeing with what treasures the
Spaniards were annually enriched from Mexico and Peru, every nation
imagined, that an American conquest, or plantation, would certainly fill
the mother country with gold and silver. This produced a large extent of
very distant dominions, of which we, at this time, neither knew nor
foresaw the advantage or incumbrance; we seem to have snatched them into
our hands, upon no very just principles of policy, only because every
state, according to a prejudice of long continuance, concludes itself
more powerful, as its territories become larger.

The discoveries of new regions, which were then every day made, the
profit of remote traffick, and the necessity of long voyages, produced,
in a few years, a great multiplication of shipping. The sea was
considered as the wealthy element; and, by degrees, a new kind of
sovereignty arose, called naval dominion.

As the chief trade of the world, so the chief maritime power was at
first in the hands of the Portuguese and Spaniards, who, by a compact,
to which the consent of other princes was not asked, had divided the
newly discovered countries between them; but the crown of Portugal