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and treasure worth more at this instant if it could be at our command, than all we ever received from America. The wars of 1744. of 1756. and 1775. were all entered into from the encouragements given to the speculations of settling the wilds of North America.

It is to be hoped that by degrees it will be admitted that the Northern Colonies, that is those North of Tobacco were in reality our very successful rivals in two Articles the carrying freight trade, and the Newfoundland fishery. While the Sugar Colonies added above three millions a year to the wealth of Britain, the Rice Colonies near a million and the Tobacco ones almost as much, those more to the north, so far from adding any thing to our wealth as Colonies, were trading, fishing, farming Countries, that rivalled us in many branches of our industry, and had actually deprived us of no inconsiderable share of the wealth we reaped by means of the others. This compartative view of our former territories in America is not stated with any idea of lessening the consequence of a future friendship and connection with them; on the contrary it is to be hoped we shall reap more advantages from their trade as friends than ever we could derive from them as Colonies, for there is reason to suppose we actually gained more by them while in actual rebellion, and the common open connection cut off add then /add