as security for the regular payment of that stipend. Sir Charles
Cornwallis, English ambassador in Spain, lent a most favourable ear to
these proposals, and James eagerly sanctioned them so soon as they were
secretly imparted to that monarch. "The king here," said Cornwallis,
"hath need of the King of Great Britain's arm. Our king . . . hath
good occasion to use the help of the King of Spain's purse. The
assistance of England to help that nation out of that quicksand of the
Low Countries, where so long they have struggled to tread themselves out,
and by proof find that deeper in, will be a sovereign medicine to the
malady of this estate. The addition of a million of ducats to the
revenue of our sovereign will be a good help to his estate."

The Spanish Government had even the effrontery to offer the English envoy
a reward of two hundred thousand crowns if the negotiations should prove
successful. Care was to be taken however that Great Britain, by this
accession of power, both present and in prospect, should not grow too
great, Spain reserving to herself certain strongholds and maritime
positions in the Netherlands, for the proper security of her European and
Indian commerce.

It was thought high time for the bloodshed to cease in the provinces; and
as England, by making a treaty of peace with Spain when Spain was at the
last gasp, had come to the rescue of that power, it was logical that she
should complete the friendly work by compelling the rebellious provinces
to awake from their dream of independence. If the statesmen of Holland
believed in the possibility of that independence, the statesmen of
England knew better. If the turbulent little republic was not at
last convinced that it had no right to create so much turmoil and
inconvenience for its neighbours and for Christendom in general in order
to maintain its existence, it should be taught its duty by the sovereigns