d that he had retired full of wealth, if not of honor, from his long
and terrible administration. His own letters, on the contrary, accused
the King of ingratitude, in permitting an old soldier to ruin himself,
not only in health but in fortune, for want of proper recompense during
an arduous administration. At any rate it is very certain that the
rebellion had already been an expensive matter to the Crown. The army in
the Netherlands numbered more than sixty-two thousand men, eight thousand
being Spaniards, the rest Walloons and Germans. Forty millions of dollars
had already been sunk, and it seemed probable that it would require
nearly the whole annual produce of the American mines to sustain the war.
The transatlantic gold and silver, disinterred from the depths where they
had been buried for ages, were employed, not to expand the current of a
healthy, life-giving commerce, but to be melted into blood. The sweat and
the tortures of the King's pagan subjects in the primeval forests of the
New World, were made subsidiary to the extermination of his Netherland
people, and the destruction of an ancient civilization. To this end had
Columbus discovered a hemisphere for Castile and Aragon, and the new
Indies revealed their hidden treasures?

Forty millions of ducats had been spent. Six and a half millions of
arrearages were due to the army, while its current expenses were six
hundred thousand a month. The military expenses alone of the Netherlands
were accordingly more than seven millions of dollars yearly, and the
mines of the New World produced, during the half century of Philip's
reign, an average of only eleven. Against this constantly increasing
deficit, there was not a stiver in the exchequer, nor the means of
raising one. The tenth penny had been long virtually extinct, and was
soon to be formally abolished. Confiscation had ceased to afford a
permanent revenue, and the estates obstinately refused to grant a dollar.
Such was the condition to which the unrelenting tyranny and the financial
experiments of Alva had reduced the country.

It was, therefore, obvious to Requesens that it would be useful at the
moment to hold out hopes of pardon and reconciliation. He saw, what he
had not at first comprehended, and what few bigoted supporters of
absolutism in any age have ever comprehended, that national enthusiasm,
when profound and general, makes a rebellion more expensive to the despot
than to the insurgents. "Before my