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ct. I cannot but admit that if a great war with Germany arose, whatever might be the issue, it might reproduce those great contests which took place in 1814, and which led to such unsatisfactory results. The Emperor of the French is a Sovereign singularly wise and sagacious, and I will say valuing, as he has proved that he values, the peace of Europe, I am not in a position to find fault, nor can Her Majesty's Government find any fault with the decision to which the Emperor has come. But the Emperor of the French having thus declared his policy, and the Emperor of Russia having constantly refused to join with us in affording material support to Denmark, our position, of course, must be greatly influenced by those decisions. In the first place, is it the duty of this country--if we are to undertake the preservation of the balance of power in Europe as it was recognized in 1852--is it a duty incumbent on us alone? The French Government sees very clearly the dangers to which France might be exposed by interfering, but it says at the same time that it would be an easy operation for England; that England, with her naval power, might add most materially to the strength of Denmark and assist in bringing the war to a conclusion. My Lords, I must say there are many considerations which induce me to arrive at a different conclusion. I cannot but think, in the first place, that we should suffer perhaps considerably if our commercial marine was exposed to depredations such as might take place in the event of our being at war with Germany. That is one consideration which ought not to be overlooked. But there are other considerations of still greater moment. One is--Would our interference bring this war to a conclusion? Without giving military aid could you recover Schleswig and Holstein, and even Jutland from the Austrian and Prussian forces? Well, my Lords, we have for a long time in our conduct of foreign affairs shown great forbearance and patience. I think we were right in being forbearing, and think we were justified in being patient. But if our honour or our interests or the great interests of Europe should call upon us to interfere, I think such interference ought to be clearly effectual, as nothing would more tend to diminish the influence of this country than a course of action which would show that while we were predominant at sea, and that no Austrian or Prussian ships of war could venture to leave port, yet at the same t
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