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exaggerated than the dimensions of the trade opened to Great Britain by the huge market of the Russia of Peter the Great, and his immediate successors. Statements bearing not the slightest touch of criticism have been allowed to creep from one book-shelf to another, till they became at last historical household furniture, to be inherited by every successive historian, without even the beneficium inventarii. Some incontrovertible statistical figures will suffice to blot out these hoary common-places. British Commerce from 1697-1700.     £ Export to Russia 58,884 Import from Russia 112,252 ————  Total 171,136   Export to Sweden 57,555 Import from Sweden 212,094 ————  Total 269,649

During the same period the total

    £ Export of England amounted to     3,525,906 Import 3,482,586 —————  Total 7,008,492

In 1716, after all the Swedish provinces in the Baltic, and on the Gulfs of Finland and Bothnia, had fallen into the hands of Peter I., the

  £ Export to Russia was     113,154 Import from Russia 197,270 ————  Total 310,424   Export to Sweden 24,101 Import from Sweden 136,959 ————  Total 161,060

At the same time, the total of English exports and imports together reached about £10,000,000. It will be seen from these figures, when compared with those of 1697-1700, that the increase in the Russian trade is balanced by the decrease in the Swedish trade, and that what was added to the one was subtracted from the other.

In 1730, the

  £ Export to Russia was     46,275 Import from Russia 258,802 ————  Total 305,077

Fifteen years, then, after the consolidation in the meanwhile of the Muscovite settlement on the Baltic, the British trade with Russia had fallen off by £5,347. The general trade of England reaching in 1730 the sum of £16,329,001, the Russian trade amounted not yet to 1/53rd of its total value. Again, thirty years later, in 1760, the account between Great Britain and Russia stands thus:

  £ Import from Russia (in 1760)     536,504 Export to Russia 39,761 ————  Total £576,265

while the general trade of England amounted to £26,361,760. Comparing these figures with those of 1706, we find that the total of the Russian commerce, after nearly half a century, has increased by the trifling sum of only £265,841. That England suffered positive loss by her new commercial relations with Russia under Peter I. and Catherine I. becomes evident on comparing, on the one side, the export and import figures, and on the other, the sums expended on the frequent naval expeditions to the Baltic which England undertook during the lifetime of Charles XII., in order to break down his resistance to Russia, and, after his death, on the professed necessity of checking the maritime encroachments of Russia.

Another glance at the statistical data given for the years 1697, 1700, 1716, 1730, and 1760, will show that the British export trade to Russia was continually falling off, save in 1716, when Russia engrossed the whole Swedish trade on the eastern coast of the Baltic and the Gulf of Bothnia, and had not yet found the opportunity of subjecting it to her own regulations. From £58,884, at which the British exports to Russia stood during 1697-1700, when Russia was still precluded from the Baltic, they had sunk to £46,275 in 1730, and to £39,761 in 1760, showing a decrease of £19,123, or about 1/3rd of their original amount in 1700. If, then, since, the absorption of the Swedish provinces by Russia, the British market proved expanding for Russia raw produce, the Russian market, on its side, proved straitening for British manufacturers, a feature of that trade which could hardly recommend it at a time when the Balance of Trade doctrine ruled supreme. To trace the circumstances which produced the increase of the Anglo-Russian trade under Catherine II. would lead us too far from the period we are considering.

On the whole, then, we arrive at the following conclusions: During the first sixty years of the eighteenth century the total Anglo-Russian trade formed but a very diminutive fraction of the general trade of England, say less than 1/45th. Its sudden increase during the earliest years of Peter's sway over the Baltic did not at all affect the general balance of British trade, as it was a simple transfer from its Swedish account to its Russian account. In the later times of Peter I., as well as under his immediate successors, Catherine I. and Anne, the Anglo-Russian trade was positively declining; during the whole epoch, dating from the final settlement of Russia in the Baltic provinces, the export of British manufactures to Russia was continually falling off, so that at its end it stood one-third lower than at its beginning, when that trade was still confined to the port of Archangel. Neither the contemporaries of Peter I., nor the next British generation reaped any benefit from the advancement of Russia to the Baltic. In general the Baltic trade of Great Britain was at that time trifling in regard of the capital involved, but important in regard of its character. It afforded England the raw produce for its maritime stores. That from the latter point of view the Baltic was in safer keeping in the hands of Sweden than in those of Russia, was not only proved by the pamphlets we are reprinting, but fully understood by the British Ministers themselves. Stanhope writing, for instance, to Townshend on October 16th, 1716:

"It is certain that if the Czar be let alone three years, he will be absolute master in those seas."[21]

If, then, neither the navigation nor the general commerce of England was interested in the treacherous support given to Russia against Sweden, there existed, indeed, one small fraction of British merchants whose interests were identical with the Russian ones—the Russian Trade Company. It was this gentry that raised a cry against Sweden. See, for instance:

"Several grievances of the English merchants in their trade into the dominions of the King of Sweden, whereby it does appear how dangerous it may be for the English nation to depend on Sweden only for the supply of the naval stores, when they might be amply furnished with the like stores from the dominions of the Emperor of Russia."

"The case of the merchants trading to Russia" (a petition to Parliament), etc.

It was they who in the years 1714, 1715, and 1716, regularly assembled twice a week before the opening of Parliament, to draw up in public meetings the complaints of the British merchantmen against Sweden. On this small fraction the Ministers relied; they were even busy in getting up its demonstrations, as may be seen from the letters addressed by Count Gyllenborg to Baron Görtz, dated 4th of November and 4th of December, 1716, wanting, as they did, but the shadow of a pretext to drive their "mercenary Parliament," as Gyllenborg calls it, where they liked. The influence of these British merchants trading to Russia was again exhibited in the year 1765, and our own times have witnessed the working for his interest, of a Russian merchant at the head of the Board of Trade, and of a Chancellor of the Exchequer in the interest of a cousin engaged in the Archangel trade.

The oligarchy which, after the "glorious revolution," usurped wealth and power at the cost of the mass of the British people, was, of course, forced to look out for allies, not only abroad, but also at home. The latter they found in what the French would call la haute bourgeoisie, as represented by the Bank of England, the money-lenders, State creditors, East India and other trading corporations, the great manufacturers, etc. How tenderly they managed the material interests of that class may be learned from the whole of their domestic legislation—Bank Acts, Protectionist enactments, Poor Regulations, etc. As to their foreign policy, they wanted to give it the appearance at least of being altogether regulated by the mercantile interest, an appearance the more easily to be produced, as the exclusive interest of one or the other small fraction of that class would, of course, be always identified with this or that Ministerial measure. The interested fraction then raised the commerce and navigation cry, which the nation stupidly re-echoed.

At that time, then, there devolved on the Cabinet, at least, the onus of inventing mercantile pretexts, however futile, for their measures of foreign policy. In our own epoch, British Ministers have thrown this burden on foreign nations, leaving to the French, the Germans, etc., the irksome task of discovering the secret and hidden mercantile springs of their actions. Lord Palmerston, for instance, takes a step apparently the most damaging to the material interests of Great Britain. Up starts a State philosopher, on the other side of the Atlantic, or of the Channel, or in the heart of Germany, who puts his head to the rack to dig out the mysteries of the mercantile Machiavelism of "perfide Albion," of which Palmerston is supposed the unscrupulous and unflinching executor. We will, en passant, show, by a few modern instances, what desperate shifts those foreigners have been driven to, who feel themselves obliged to interpret Palmerston's acts by what they imagine to be the English commercial policy. In his valuable Histoire Politique et Sociale des Principautés Danubiennes, M. Elias Regnault, startled by the Russian conduct, before and during the years 1848-49 of Mr. Colquhoun, the British Consul at Bucharest, suspects that England has some secret material interest in keeping down the trade of the Principalities. The late Dr. Cunibert, private physician of old Milosh, in his most interesting account of the Russian intrigues in Servia, gives a curious relation of the manner in which Lord Palmerston, through the instrumentality of Colonel Hodges, betrayed Milosh to Russia by feigning to support him against her. Fully believing in the personal integrity of Hodges, and the patriotic zeal of Palmerston, Dr. Cunibert is found to go a step further than M. Elias Regnault. He suspects England of being interested in putting down Turkish commerce generally. General Mieroslawski, in his last work on Poland, is not very far from intimating that mercantile Machiavelism instigated England to sacrifice her own prestige in Asia Minor, by the surrender of Kars. As a last instance may serve the present lucubrations of the Paris papers, hunting after the secret springs of commercial jealousy, which induce Palmerston to oppose the cutting of the Isthmus of Suez canal.

To return to our subject. The mercantile pretext hit upon by the Townshends, Stanhopes, etc., for the hostile demonstrations against Sweden, was the following. Towards the end of 1713, Peter I. had ordered all the hemp and other produce of his dominions, destined for export, to be carried to St. Petersburg instead of Archangel. Then the Swedish Regency, during the absence of Charles XII., and Charles XII. himself, after his return from Bender, declared all the Baltic ports, occupied by the Russians, to be blockaded. Consequently, English ships, breaking through the blockade, were confiscated. The English Ministry then asserted that British merchantmen had the right of trading to those ports according to Article XVII. of the Defensive Treaty of 1700, by which English commerce, with the exception of contraband of war, was allowed to go on with ports of the enemy. The absurdity and falsehood of this pretext being fully exposed in the pamphlet we are about to reprint, we will only remark that the case had been more than once decided against commercial nations, not bound, like England, by treaty to defend the integrity of the Swedish Empire. In the year 1561, when the Russians took Narva, and laboured hard to establish their commerce there, the Hanse towns, chiefly Lübeck, tried to possess themselves of this traffic. Eric XIV., then King of Sweden, resisted their pretensions. The city of Lübeck represented this resistance as altogether new, as they had carried on their commerce with the Russians time out of mind, and pleaded the common right of nations to navigate in the Baltic,

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