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History of the United Netherlands from the Death of William the Silent to the Twelve Year's Truce, 1607b by John Lothrop Motley
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Thus murmured the parasites and the plunderers within the dominions of
the do-nothing Philip, denouncing the first serious effort to put an end
to a war which the laws of nature had proved to be hopeless on the part
of Spain.

Spinola too, who had spent millions of his own money, who had plunged
himself into debt and discredit, while attempting to sustain the
financial reputation of the king, who had by his brilliant services in
the field revived the ancient glory of the Spanish arms, and who now saw
himself exposed with empty coffers to a vast mutiny, which was likely to
make his future movements as paralytic as those of his immediate
predecessors--Spinola, already hated because he was an Italian, because
he was of a mercantile family, and because he had been successful, was
now as much the object of contumely with the courtiers as with the
archduke himself.

The splendid victory of Heemskerk had struck the government with dismay
and diffused a panic along the coast. The mercantile fleets, destined
for either India, dared not venture forth so long as the terrible Dutch
cruisers, which had just annihilated a splendid Spanish fleet, commanded
by a veteran of Lepanto, and under the very guns of Gibraltar, were
supposed to be hovering off the Peninsula. Very naturally, therefore,
there was discontent in Spain that the cessation of hostilities had not
originally been arranged for sea as well as land, and men said openly at
court that Spinola ought to have his head cut off for agreeing to such an
armistice. Quite as reasonably, however, it was now felt to be necessary
to effect as soon as possible the recal of this very inconvenient Dutch
fleet from the coast of Spain.

The complaints were so incessant against Spinola that it was determined
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