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"The History of England in Three Volumes, Vol.III. From George III. to Victoria"

Austria alone, whose empress-queen was bent on the recovery of
Silesia, and the overthrow of its conqueror Frederick, was desirous of
prolonging hostilities.
This wish of the king of France--which was also the wish of his
people--seemed to be favoured by circumstances in England. The influence
of Pitt was daily growing weaker, and Bute was fast gaining paramount
ascendancy. The French ministers, therefore, flattered themselves that
there would be no great difficulty in negociating; especially as they
were ready and willing to make some sacrifices, in order to obtain
peace. Accordingly an interchange of memorials was commenced, and in the
month of July Mr. Stanley was dispatched to Paris, while the Count de
Bussy came over to London, for the purpose of negociating. Preliminaries
were mutually proposed and examined. On their part the French offered
to cede Canada; to restore Minorca in exchange for Guadaloupe and
Marigalante; to give up Senegal and Goree for Anamaboo and Acra; to
renounce all claim to Cape Breton, on which no fortification was to
be erected; and to consent that Dunkirk should be demolished. But one
demand made by the French was fatal to the success of the negociations.
They demanded the restitution of all the captures made at sea by the
English before the declaration of war, on the ground that such captures
were contrary to all international law, which restitution was sternly
and absolutely refused, the English ministers arguing, that the right of
all hostile operations results not from a formal declaration of war, but
from the original hostilities of the aggressor.


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