text_original: He was re  solved that \jt France had Spain, it should not be Spain with the W>^ /Indies, and/^e " called the New World into existence to redress the / ^ balance of the Old "v^* The situation in South America had indeed become intolerable.
text_transcription: HE WAS RESOLVED THAT IF FRANCE HAD SPAIN IT SHOULD NOT BE SPAIN WITH THE INDIES AND HE CALLED THE NEW WORLD INTO EXISTENCE TO REDRESS THE BALANCE OF THE OLD THE SITUATION IN SOUTH AMERICA HAD INDEED BECOME INTOLERABLE
phonemes: hiː wʌz ɹˌiː sˈɑːlvd ðæt bˈækslæʃ dʒˌeɪtˈiː fɹˈæns hæd spˈeɪn, ɪt ʃˌʊd nˌɑːt biː spˈeɪn wɪððə dˈʌbəljˌuː slˈæʃ ˈɪndiz, ænd slˈæʃ ˈiː " kˈɔːld ðə nˈuː wˈɜːld ˌɪntʊ ɛɡzˈɪstəns tə ɹiːdɹˈɛs ðə slˈæʃ bˈæləns ʌvðɪ ˈoʊld "vˈiː ˈæstɚɹˌɪsk ðə sˌɪtʃuːˈeɪʃən ɪn sˈaʊθ ɐmˈɛɹɪkə hæd ˌɪndˈiːd bɪkˌʌm ɪntˈɑːlɚɹəbəl.