THREE:The marvellous increase of national wealth in Great Britain since the reign of George III. is to be mainly ascribed to two mechanical agenciesthe spinning-jenny and the steam-engine; both of which, however, would have failed to produce the results that have been attained if there had not been a boundless supply of cotton from the Southern States of America to feed our manufactories with the raw material. The production was estimated in bales, which in 1832 amounted to more than 1,000,000; and in 1839 was upwards of 2,000,000 bales. It appears from Mr. Woodbury's tables, that in 1834 sixty-eight per cent. of all the cotton produced in the world was shipped for England. In this case the demand, enormous as it was, produced an adequate supply. But this demand could not possibly have existed without the inventions of Hargreaves, Arkwright, Crompton, and Cartwright, in the improvement of spinning machinery.The Swedes cursed the less than half assistance of their British allies, and Gustavus endeavoured to fight his way without them. He continued to win victory after victory on land; but Catherine soon brought down on his squadron of galleys, which attended his march along the coast to keep up his supplies, an overwhelming fleet of galleys[354] of her own. A desperate battle ensued, but the Swedish galley-fleet was at length overcome. Gustavus was thus greatly embarrassed, and compelled to stand merely on the defensive, till it was time to go into winter quarters. He continued for twelve months to do battle with Russia, and, though with insufficient forces, threatened the very capital of that country. A little support from Britain, Prussia, and Holland, would have enabled Sweden to regain its territories on the eastern shores of the Baltic, to curb the power of Russia, and to assume that station in the North which is essential to the peace of Europe. These countries, however, had not the statesmanship to appreciate this point, or the friendly feeling to effect it, and Gustavus was left to struggle on alone.
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