The trade and industries of America can no longer be checked, and the absolutely inexhaustible and ever-growing resources of the Union are so prodigious that a naval war with America, in view of the vast distances and wide extent of the enemies' coasts, would prove a very bold, and certainly very difficult, undertaking.

England accordingly has always diplomatically conceded the claims of America, as quite recently in the negotiations about fortifying the Panama Canal; the object clearly is to avoid any collision with the United States, from fearing the consequences of such collision.

The American competition in trade and industries, and the growth of the American navy, are tolerated as inevitable, and the community of race is borne in mind.

In this sense, according to the English point of view, must be understood the treaty by which a Court of Arbitration between the two countries was established.
England wishes, in any case, to avert the danger of a war with America.
The natural opposition of the two rival States may, however, in the further development of things, be so accentuated that England will be forced to assert her position by arms, or at least to maintain an undisputed naval supremacy, in order to emphasize her diplomatic action.
The relations of the two countries to Canada may easily become strained to a dangerous point, and the temporary failure of the Arbitration Treaty casts a strong light on the fact that the American people does not consider that the present political relations of the two nations are permanent.
There is another danger which concerns England more closely and directly threatens her vitality.

This is due to the nationalist movement in India and Egypt, to the growing power of Islam, to the agitation for independence in the great colonies, as well as to the supremacy of the Low-German element in South Africa.
Turkey is the only State which might seriously threaten the English position in Egypt by land.