harbour at the confluence of the estuary of the Y with the Zuyder Zee
ships owned and manned by Hollanders sailed along the coasts of France
and Spain to bring home the salt for curing purposes and with it wines
and other southern products, while year by year a still larger and
increasing number entered the Baltic. In those eastern waters they
competed with the German Hanseatic cities, with whom they had many
acrimonious disputes, and with such success that the Hollanders
gradually monopolised the traffic in grain, hemp and other "Eastland"
commodities and became practically the freight-carriers of the Baltic.
And be it remembered that they were able to achieve this because many of
the North-Netherland towns were themselves members of the Hanse League,
and possessed therefore the same rights and privileges commercially as
their rivals, Hamburg, Lübeck or Danzig. The great industrial cities of
Flanders and Brabant, on the other hand, not being members of the League
nor having any mercantile marine of their own, were content to transact
business with the foreign agents of the Hanse towns, who had their
counting-houses at Antwerp. It will thus be seen that in the middle of
the sixteenth century the trade of the northern provinces, though as yet
not to be compared in volume to that of the Flemings and Walloons, had
before it an opening field for enterprise and energy rich in
possibilities and promise for the future.

Such was the state of affairs political, religious and economical when
in the year 1555 the Emperor Charles V, prematurely aged by the heavy
burden of forty years of world-wide sovereignty, worn out by constant
campaigns and weary of the cares of state, announced his intention of
abdicating and retiring into a monastery. On October 25, 1555, the act
of abdication was solemnly and with impressive ceremonial carried out
in the presence of the representatives of the seventeen provinces of the
Netherlands specially summoned to meet their sovereign for the last time