llity during some years could bring the kingdom again
into a flourishing condition, or enable her to act with dignity and
vigor in her transactions with foreign nations. Well acquainted with
the value which Henry put upon Calais, and the impossibility, during the
present emergence, of recovering it by treaty, she was willing rather to
suffer that loss, than submit to such a dependence on Spain, as she
must expect to fall into, if she continued pertinaciously in her present
demand. She ordered, therefore, her ambassadors, Lord Effingham, the
bishop of Ely, and Dr. Wotton, to conclude the negotiation, and to
settle a peace with Henry on any reasonable terms. Henry offered to
stipulate a marriage between the eldest daughter of the dauphin, and the
eldest son of Elizabeth; and to engage for the restitution of Calais as
the dowry of that princess;[**] but as the queen was sensible that this
treaty would appear to the world a palpable evasion, she insisted upon
more equitable, at least more plausible conditions.

* Forbes's Full View, vol. i. p. 59.

** Forbes's Full View, vol. i. p. 54.

It was at last agreed, that Henry should restore Calais at
the expiration of eight years; that in case of failure, he
should pay five hundred thousand crowns, and the queen's
title to Calais still remain; that he should find the
security of seven or eight foreign merchants, not natives of
France, for the payment of this sum; that he should deliver
five hostages till that security were provided; that if
Elizabeth broke the peace with France or Scotland during the
interval, she should forfeit all title to Calais; but if
Henry made war on Elizabeth, he should be obliged
immediately to restore that fortress.[*] All men of
penetration easily saw that these stipulations were but a
colorable pretence for abandoning Calais; but they excused
the queen on account of the necessity of her affairs; and
they even extolled her prudence in submitting without
further struggle to that necessity. A peace with Scotland
was a necessary consequence of that with France.

* Forbes, vol. i. p. 68. Rymer, tom. xv. p 505.

Philip and Henry terminated hostilities by a mutual restitution of
all places taken during the course of the war; and Philip espoused the
princess Elizabeth, eldest daughter of France, formerly betrothed to his
son Don Carlos. The duke of Savoy