loans, in one singular jumble, but arriving at a total demand upon his
purse of ten million nine hundred and ninety thousand ducats.

To meet this expenditure he painfully enumerated the funds upon which he
could reckon for the two years. His ordinary rents and taxes being all
deeply pledged, he could only calculate from that source upon two hundred
thousand ducats. The Indian revenue, so called, was nearly spent; still
it might yield him four hundred and twenty thousand ducats. The
quicksilver mines would produce something, but so little as hardly to
require mentioning. As to the other mines, they were equally unworthy of
notice, being so very uncertain, and not doing as well as they were wont.
The licences accorded by the crown to carry slaves to America were put
down at fifty thousand ducats for the two years. The product of the
"crozada" and "cuarta," or money paid to him in small sums by
individuals, with the permission of his Holiness, for the liberty of
abstaining from the Church fasts, was estimated at five hundred thousand
ducats. These and a few more meagre items only sufficed to stretch his
income to a total of one million three hundred and thirty thousand far
the two years, against an expenditure calculated at near eleven millions.
"Thus, there are nine millions, less three thousand ducats, deficient,"
he concluded ruefully (and making a mistake in his figures in his own
favor of six hundred and sixty-three thousand besides), "which I may look
for in the sky, or try to raise by inventions already exhausted."

Thus, the man who owned all America and half of Europe could only raise a
million ducats a year from his estates. The possessor of all Peru and
Mexico could reckon on "nothing worth mentioning" from his mines, and
derived a precarious income mainly from permissions granted his subjects
to carry on the slave-trade and to eat meat on Fridays. This was
certainly a gloomy condition of affairs for a monarch on the threshold of