We have been informed lately that ours will be the lot of Genoa, and Venice, and Holland. But...there is a great difference between the condition of England and those... We have during ages of prosperity created a nation of 34 millions—a nation who are enjoying, and have long enjoyed, the two greatest blessings of civil life—justice and liberty... [A] nation of that character is more calculated to create empires than to give them up, and I feel confident if England is true to herself; if the English people prove themselves worthy of their ancestors; if they possess still the courage and the determination of their forefathers, their honour will never be tarnished and their power will never diminish.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "We have been informed lately that ours will be the lot of Genoa, and Venice, and Holland. But...there is a great difference between the condition of England and those... We have during ages of prosperity created a nation of 34 millions—a nation who are enjoying, and have long enjoyed, the two greatest blessings of civil life—justice and liberty... [A] nation of that character is more calculated to create empires than to give them up, and I feel confident if England is true to herself; if the English people prove themselves worthy of their ancestors; if they possess still the courage and the determination of their forefathers, their honour will never be tarnished and their power will never diminish." in the context of "Speech in the Guildhall, London (10 November 1878), quoted in The Times (11 November 1878), p. 10. William Gladstone had written in The North American Review: "It is [America] alone who, at a coming time, can, and probably will, wrest from us that commercial primacy...We have no more title against her than Venice, or Genoa, or Holland, has had against us" ('Kin beyond Sea', The North American Review Vol. 127, No. 264 (Sep. - Oct., 1878), p. 180)" to mean that wisdom is timeless.