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Rise of the Dutch Republic, the — Complete (1555-66) by John Lothrop Motley
page 301 of 325 (92%)
a war which was to outlast his own life and that of his children; a war
in which the mere army expenses were to be half a million florins
monthly, in which about seventy per cent. of the annual disbursements was
to be regularly embezzled or appropriated by the hands through which it
passed, and in which for every four men on paper, enrolled and paid for,
only one, according to the average, was brought into the field.

Granvelle, on the other hand, gave his master but little consolation from
the aspect of financial affairs in the provinces. He assured him that
"the government was often in such embarrassment as not to know where to
look for ten ducats." He complained bitterly that the states would meddle
with the administration of money matters, and were slow in the granting
of subsidies. The Cardinal felt especially outraged by the interference
of these bodies with the disbursement of the sums which they voted. It
has been seen that the states had already compelled the government to
withdraw the troops, much to the regret of Granvelle. They continued,
however, to be intractable on the subject of supplies. "These are very
vile things," he wrote to Philip, "this authority which they assume, this
audacity with which they say whatever they think proper; and these
impudent conditions which they affix to every proposition for subsidies."
The Cardinal protested that he had in vain attempted to convince them of
their error, but that they remained perverse.

It was probably at this time that the plan for debasing the coin,
suggested to Philip some time before by a skilful chemist named Malen,
and always much approved of both by himself and Ruy Gomez, recurred to
his mind. "Another and an extraordinary source of revenue, although
perhaps not a very honorable one," wrote Suriano, "has hitherto been kept
secret; and on account of differences of opinion between the King and his
confessor, has been discontinued." This source of revenue, it seemed, was
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