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THREE:New York, Jersey, and the New England States traded in the same commodities: they also built a considerable number of ships, and manufactured, especially in Massachusetts, coarse linens and woollens, iron, hats, rum, besides drying great quantities of fish for Spain, Portugal, and the Mediterranean markets. Massachusetts already employed 40,000 tons of shipping. New England furnished the finest masts in the world for the navy; Virginia and Maryland furnished 50,000 hogsheads of tobacco, annually valued at ��370,000; employing 24,000 tons of shipping. From these colonies we received also large quantities of skins, wool, furs, flax, etc. Carolina had become a great rice-growing country. By the year 1733 it had nearly superseded the supply of that article from Italy in Spain and Portugal; in 1740 it exported nearly 100,000 barrels of rice; and seven years afterwards, besides its rice, it sent to England 200,000 pounds of indigo, rendering us independent of France for that article; and at the end of the present period its export of indigo had doubled that quantity, besides a very considerable exportation of pitch, sassafras, Brazil wood, skins, Indian corn, and other articles.

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THREE:The Emperor of Germany was delighted at the Spanish offer. He had always felt himself aggrieved by the conditions of the Quadruple Alliance. He was afraid of France, and hated George of England for his German policy. He had, moreover, embroiled himself with both England and Holland, by establishing at Ostend an East India Company, which was declared to be in violation of the Treaty of Westphalia, and was, at all events, regarded with particular jealousy by both England and Holland. This being the case, Ripperda, the envoy of Spain, a Dutch adventurer, who had been the tool of Alberoni, completed with ease a treaty with the Emperor at Vienna, which was signed on the 30th of April, 1725.

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THREE:

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THREE:

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