A treaty of alliance, my lords, has been for some time concerted with the emperour of Muscovy, and has been negotiated with such diligence, that it is now completed, and I doubt not but the last ratifications will arrive at this court in a few days; by which it will appear to your lordships, that the interest of this nation has been vigilantly regarded, and to our allies, that the faith of Britain has never yet been shaken.  It will appear to the French, that they have precipitated their triumphs, that they have imagined themselves masters of nations by whom they will be in a short time driven back to their own confines, and that, perhaps, they have parcelled out kingdoms which they are never likely to possess.

It was affirmed, and with just discernment, that applications ought to be made to this powerful court, as the professed adversary of France; and if it was not hitherto known that their assistance had been assiduously solicited, our endeavours were kept secret only that their success might be more certain, and that they might surprise more powerfully by their effects.

Nor have the two other princes, which were mentioned by the noble lord, been forgotten, whose concurrence is at this time so necessary to us:  and I doubt not but that the representations which have been made with all the force of truth, and all the zeal that is awakened by interest and by danger, will in time produce the effects for which they were intended; by convincing those princes that they endanger themselves by flattering the French ambition, that they are divesting themselves of that defence of which they will quickly regret the loss, and that they are only not attacked at present, that they may be destroyed more easily hereafter.

But it is always to be remembered, my lords, that in publick transactions, as in private life, interest acts with less force as it is at greater distance, and that the immediate motive will generally prevail.  Futurity impairs the influence of the most important objects of consideration, even when it does not lessen their certainty; and with regard to events only probable, events which a thousand accidents may obviate, they are almost annihilated, with regard to the human mind, by being placed at a distance from us.  Wherever imagination can exert its power, we easily dwell upon the most pleasing views, and flatter ourselves with those consequences, which though perhaps least to be expected, are most desired.  Wherever different events may arise, which is the state of all human transactions, we naturally promote our hopes, and repress our fears; and in time so far deceive ourselves, as to quiet all our suspicions, lay all our terrours asleep, and believe what at first we only wished.