ce dries up,
another opens. China is replacing Africa.

The London Economist estimates the increase of capital in England from
1834, or just before the troubles in Canada, which cost her two
millions sterling, to 1844, in ten years only, at the rate of
forty-five millions sterling annually--four-hundred and fifty
millions, in ten years, in personal property only! What was the
increase in real estate during those ten years? and what empire, or
what combination of empires, can show such wealth?

Thus, while Canada has been a drag-chain upon the chariot-wheel of
British accumulation, did the prosperity of the empire suffer, or is
it likely to suffer, by war with the United States, or by separation
from England?

The interests of the United States and the interests of England would
no doubt mutually suffer, but the former power, if it annexed Canada,
would most severely feel the result. England would then close the
ports of the St. Lawrence, as well as those of the seaboard from
Quebec to Galveston; nor would the Nova Scotian and New Brunswick
provinces be conquered until after a bloody and most costly struggle;
for they, being essentially maritime, would the less readily abandon
the connexion with that power which must for ages yet to come be
preponderant at sea. The Ocean is the real English colony. By similar
natural laws, the United States has other advantages and other matters
to control in its vast interior.

I forget what writer it is who says--perhaps it was Burke--that any
nation which can bring 50,000 men in arms into the field, whatever may
be its local disadvantages of position, can never be conquered, if its
sons are warlike and courageous.

Canada can bring double that number with ease; and whilst its
interests are as inseparable from those of England as they now are, it
is not to be supposed that a Texian annexation will dissolve the bond.

We have been greatly amused in Canada during the winter of 1845, after
Mr. Polk's "all Oregon or none of it," to find in the neighbouring
republic a force of brave militia-men or volunteers turn out for a
field day with CANADA and OREGON painted on their
cartouche-boxes.--Mr. Polk did not go quite so far, it is true; but a
great mass of the people in the United States prophesy that, if war
lasts, all the North American Continent, from the Polar seas to the
Isthmus of Darien, will have the tricoloured stripes and the galaxy of
stars for its national flag.

This is