Benefts of Notwithstanding the hundreds oi battles which have been fought, the hundreds of thousands ot lives which have been lost, and the hun- dred millions of treasure which have been squahdered away in the contests between France and Britain, 1t would be difficult to point out any importaat advantage which either party has ga.a- ed to compensate fol the loss of ali ali eilis blood and wealth. Their relative pc sitioa Is exactly the same that 1t was three hundred years ago. They have alternately lost and gained few colo nies scarcely worth retaining, and wi4:e;A. have indeed, generally been restored as the price of peace; but no permanent advantage has been obtained by either party. Their power is so well balanc- ed, that neither of them can ever hope to gain the aseendency, though they may reduce, and frequently have reduced each other to the verge of ruin. 1t is rathersingular, that even in the last war. the French and the English, in spite oi aIl their victories, were the two powers who gained the least; the Russians, Prassians, and Austrians, all came out of the struggle with an accession ofter- ritory, while the French lost ali that they had previously obtained, and the English added five hundred millions to her national debt.