We take outlook to-day from the threshold of the seventeenth century. Elizabeth is dead (1603), but not England. The powers it had grown to under her quickening offices are all alive. The great Spanish dragon has its teeth drawn; Cadiz has been despoiled, and huge galleons, gold-laden, have come trailing into Devon ports. France is courteously friendly. Holland and England are in leash, as against the fainter-growing blasts of Popedom. In Ireland, Tyrone has been whipped into bloody quietude. A syndicate of London merchants, dealing in pepper and spices, has made the beginnings of that East-Indian empire which gives to the present British sovereign her proudest title. London is growing apace…
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