FORE:The growth of our commerce during these seventy-two years is shown by the amount of our exports. In 1697that is, nine years after the Revolutionthe amount of exports was only 3,525,907; but in the three next years of peace they rose to 6,709,881. War reduced these again to little more than 5,000,000, and at the end of the reign of Anne, during peace, they rose to 8,000,000. At the end of the reign of George I. the war had so much checked our commerce, that the exports scarcely amounted to that sum, the average of the three years1726, 1727, and 1728being only 7,891,739. By the end of the reign of George II., however (1760), they had risen to 14,693,270. Having by this period driven the fleets of France and Spain from the ocean, we rather extended our commerce than injured it. Thus, during these seventy-two years, our exports had increased from about three millions and a half annually to more than fourteen millions and a half annually, or a yearly difference of upwards of eleven millionsa most substantial growth.Lord Townshend succeeded Stanhope as Secretary of State. Aislabie, who had been deep in the iniquities of the South Sea affair, was compelled to resign his post as Chancellor of the Exchequer, to which Walpole succeeded. Meanwhile the Secret Committee appointed by the Commons continued its labours indefatigably. They sat nearly every day from nine in the morning till eleven at night, and on the 16th of February, 1721, they presented their first report to the House. This revealed a vast amount of Ministerial corruption.
Sed ultricies
