his Majesty as to the prosperous condition of financial affairs. His tax
was to work wonders. He had conversed with capitalists who had offered
him four millions yearly for the tenth penny, but he had refused, because
he estimated the product at a much higher figure. The hundredth penny
could not be rated lower than five millions. It was obvious, therefore,
that instead of remitting funds to the provinces, his Majesty would,
for the future, derive from them a steady and enormous income. Moreover,
he assured the King that there was at present no one to inspire anxiety
from within or without. The only great noble of note in the country was
the Duke of Aerschot, who was devoted to his Majesty, and who, moreover,
"amounted to very little," as the King well knew. As for the Prince of
Orange, he would have business enough in keeping out of the clutches of
his creditors. They had nothing to fear from Germany. England would do
nothing as long as Germany was quiet; and France was sunk too low to be
feared at all.

Such being the sentiments of the Duke, the King was already considering
the propriety of appointing his successor. All this was known to the
President. He felt instinctively that more clemency was to be expected
from that successor, whoever he might be; and he was satisfied,
therefore, that he would at least not be injuring his own position by
inclining at this late hour to the side of mercy. His opposition to the
tenth and twentieth penny had already established a breach between
himself and the Viceroy, but he felt secretly comforted by the reflection
that the King was probably on the same side with himself. Alva still
spoke of him, to be sure, both in public and private, with approbation;
taking occasion to commend him frequently, in his private letters,
as a servant upright and zealous, as a living register, without whose
universal knowledge of things and persons he should hardly know which
way to turn. The President, however, was growing weary of his own