e Dutch Republic, which then seemed an equivalent to its
ruin. But the treaty of truce and half-independence had been signed at
last by the States and their ancient master, and the English and French
negotiators had taken their departure, each receiving as a present for
concluding the convention 20,000 livres from the Archdukes, and 30,000
from the States-General. Henry, returning one summer's morning from the
chase and holding the Count of Soissons by one hand and Ambassador
Aerssens by the other, told them he had just received letters from Spain
by which he learned that people were marvellously rejoiced at the
conclusion of the truce. Many had regretted that its conditions were so
disadvantageous and so little honourable to the grandeur and dignity of
Spain, but to these it was replied that there were strong reasons why
Spain should consent to peace on these terms rather than not have it at
all. During the twelve years to come the King could repair his disasters
and accumulate mountains of money in order to finish the war by the
subjugation of the Provinces by force of gold.

Soissons here interrupted the King by saying that the States on their
part would finish it by force of iron.

Aerssens, like an accomplished courtier, replied they would finish it by
means of his Majesty's friendship.

The King continued by observing that the clear-sighted in Spain laughed
at these rodomontades, knowing well that it was pure exhaustion that had
compelled the King to such extremities. "I leave you to judge," said
Henry, "whether he is likely to have any courage at forty-five years of
age, having none now at thirty-two. Princes show what they have in them
of generosity and valour at the age of twenty-five or never." He said
that orders had been sent from Spain to disband all troops in the
obedient Netherlands except Spaniards and Italians, telling the Archdukes
that they must raise the money out of the country to content them. They
must pay for a war made for their benefit, said Philip. As for him he
would not furnish one maravedi.

Aerssens asked if the Archdukes would disband their troops so long as the
affair of Cleve remained unsettled. "You are very lucky," replied the
King, "that Europe is governed by such princes as you wot of. The King of
Spain thinks of nothing but tranquillity. The Archdukes will never move
except on compulsion. The Emperor, whom every one is so much afraid of in
this matter, is in such plight that one