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tion that the resources of the Spanish government became exhausted by the long continuance of the war the republic began to reap a richer harvest. Its field was sown sparingly with the choice seed which bore fruit, though late, yet a hundredfold; but the tree from which Philip gathered fruit was a fallen trunk which never again became verdant. Philip's adverse destiny decreed that all the treasures which he lavished for the oppression of the Provinces should contribute to enrich them. The continual outlay of Spanish gold had diffused riches and luxury throughout Europe; but the increasing wants of Europe were supplied chiefly by the Netherlanders, who were masters of the commerce of the known world, and who by their dealings fixed the price of all merchandise. Even during the war Philip could not prohibit his own subjects from trading with the republic; nay, he could not even desire it. He himself furnished the rebels with the means of defraying the expenses of their own defence; for the very war which was to ruin them increased the sale of their goods. The enormous suns expended on his fleets and armies flowed for the most part into the exchequer of the republic, which was more or less connected with the commercial places of Flanders and Brabant. Whatever Philip attempted against the rebels operated indirectly to their advantage. The sluggish progress of this war did the king as much injury as it benefited the rebels. His army was composed for the most part of the remains of those victorious troops which had gathered their laurels under Charles V. Old and long services entitled them to repose; many of them, whom the war had enriched, impatiently longed for their homes, where they might end in ease a life of hardship. Their former zeal, their heroic spirit, and their discipline relaxed in the same proportion as they thought they had fully satisfied their honor and their duty, and as they began to reap at last the reward of so many battles. Besides, the troops which had been accustomed by their irresistible impetuosity to vanquish all opponents were necessarily wearied out by a war which was carried on not so much against men as against the elements; which exercised their patience more than it gratified their love of glory; and where there was less of danger than of difficulty and want to contend with. Neither personal courage nor long military experience was of avail in a country whose peculiar features gave the most
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