In one respect, the case of the States-General was the same as that of England. King William had concluded the Defensive Treaty as well for Holland as for England. Besides, Article XVI., in the Treaty of Commerce, concluded between Holland and Sweden in 1703, expressly stipulated that no navigation ought to be allowed to the ports blocked up by either of the confederates. The then common Dutch cant that "there was no hindering traders from carrying their merchandise where they will," was the more impudent as, during the war, ending with the Peace of Ryswick, the Dutch Republic had declared all France to be blocked up, forbidden the neutral Powers all trade with that kingdom, and caused all their ships that went there or came thence to be brought up without any regard to the nature of their cargoes.
In another respect, the situation of Holland was different from that of England. Fallen from its commercial and maritime grandeur, Holland had then already entered upon its epoch of decline. Like Genoa and Venice, when new roads of commerce had dispossessed them of their old mercantile supremacy, it was forced to lend out to other nations its capital, grown too large for the vessels of its own commerce. Its fatherland had begun to lie there where the best interest for its capital was paid. Russia, therefore, proved an immense market, less for the commerce than for the outlay of capital and men. To this moment Holland has remained the banker of Russia. At the time of Peter they supplied Russia with ships, officers, arms, and money, so that his fleet, as a contemporary writer remarks, ought to have been called a Dutch rather than a Muscovite one. They gloried in having sent the first European merchant ship to St. Petersburg, and returned the commercial privileges they had obtained from Peter, or hoped to obtain from him, by that fawning meanness which characterizes their intercourse with Japan. Here, then, was quite another solid foundation than in England for the Russianism of statesmen, whom Peter I. had entrapped during his stay at Amsterdam, and the Hague in 1697, whom he afterwards directed by his ambassadors, and with
