Banking is not the creator of our prosperity, but is the creation of it. It is not the cause of our wealth, but is the consequence of our wealth; and… - Joseph Chamberlain

England without an Empire! Can you conceive it? England in that case would not be the England we love. (Cheers.) If the ties of sympathy...between ourselves and our children who are soon to become great nations across the seas—if these ties were weakened or destroyed, if we suffered their affection to die from want of food, if we allowed them to drift apart—then this England of ours would sink from the comparative position which she has enjoyed throughout the centuries...she would be a fifth-rate nation existing on the sufferance of her more powerful neighbours.

In the great revolution which separated the United States from Great Britain the greatest man that revolution produced...was Alexander Hamilton. He...left a precious legacy to his countrymen when he disclosed to them the secrets of union when he said to them, "Learn to think continentally." (Hear, hear.) And, my fellow-citizens, if I may venture to give you a message now I would say to you, "Learn to think Imperially" (Cheers.) ... I ask you to be worthy of your past; I ask you to remember that the future of this country, which we all cherish so much, lies in the future of the British race. The Colonies and possessions—they are the natural buttresses of our Imperial state, and it behoves us to think of them as they are now, in their youth and promise, to think of them also what they will be in a century hence when grown to manhood and developing beyond anything we can hope for their motherland. (Cheers.) Think of them as they are; think of them as they will be; share and sympathise with their aspirations for a closer union; do nothing to discourage them, but show your willingness to co-operate with them in every effort they make or propose. So, and so only, can you maintain the traditions of the past, the renown of this Imperial City, and the permenance of that potent agency for peace and for civilisation that we call the British Empire. (Loud cheers.)

The Colonies are prepared to meet us. In return for a very moderate preference they will give us a substantial advantage. They will give us, in the first place—I believe they will reserve to us the trade which we already enjoy. They will arrange for tariffs in the future in order not to start industries in competition with those which are already in existence in the mother country... But they will do a great deal more for you. This is certain. Not only will they enable you to retain the trade which you have, but they are ready to give you preference to all the trade which is now done with them by foreign competitors...We must either draw closer together or we shall drift apart... It is, I believe, absolutely impossible for you to maintain in the long run your present loose and indefinable relations and preserve these Colonies parts of the Empire...Can we invent a tie which must be a practical one, which will prevent separation...I say that it is only by commercial union, reciprocal preference, that you can lay the foundations of the confederation of the Empire to which we all look forward as a brilliant possibility.