wance of forty-five thousand florins
monthly for the army expenses and other current outlays. Here, however,
the estates refused their consent. In a mercantile spirit, unworthy the
occasion and the man with whom they were dealing, they endeavoured to
chaffer where they should have been only too willing to comply, and they
attempted to reduce the reasonable demand of the Prince to thirty
thousand florins. The Prince, who had poured out his own wealth so
lavishly in the cause--who, together with his brothers, particularly the
generous John of Nassau, had contributed all which they could raise by
mortgage, sales of jewellery and furniture, and by extensive loans,
subjecting themselves to constant embarrassment, and almost to penury,
felt himself outraged by the paltriness of this conduct. He expressed his
indignation, and denounced the niggardliness of the estates in the
strongest language, and declared that he would rather leave the country
for ever, with the maintenance of his own honor, than accept the
government upon such disgraceful terms. The estates, disturbed by his
vehemence, and struck with its justice, instantly, and without further
deliberation, consented to his demand. They granted the forty-five
thousand florins monthly, and the Prince assumed the government, thus
remodelled.

During the autumn and early winter of the year 1574, the Emperor
Maximilian had been actively exerting himself to bring about a
pacification of the Netherlands. He was certainly sincere, for an
excellent reason. "The Emperor maintains," said Saint Goard, French
ambassador at Madrid, "that if peace is not made with the Beggars, the
Empire will depart from the house of Austria, and that such is the
determination of the electors." On the other hand, if Philip were not
weary of the war, at any rate his means for carrying it on were
diminishing daily. Requesens could raise no money in the Netherlands; his
secretary wrote to Spain, that the exchequer was at its last gasp, and
the cabinet of Madrid was at its wits' end, and almost incapable of
raising ways and means. The peace party was obtaining the upper hand; the
fierce policy of Alva regarded with increasing disfavor. "The people
here," wrote Saint Goard from Madrid, "are completely desperate, whatever
pains they take to put a good face on the matter. They desire most
earnestly to treat, without losing their character." It seemed,
nevertheless, impossible for Philip to bend his neck. The h