pugnacious little commonwealth which had caused her so much expense. But
they knew, too, that Henry, having now secured the repose of his own
kingdom, was anything but desirous that his deserted allies should enjoy
the same advantage. The king did not cease to assure the States that he
would secretly give them assistance in their warfare against his new
ally, while Secretary of State Villeroy, as they knew, would place every
possible impediment in the way of the queen's negotiations with Spain.

Elizabeth, on her part, was vexed with everybody. What the States most
feared was that she might, in her anger or her avarice, make use of the
cautionary towns in her negotiations with Philip. At any rate, said
Francis Aerssens, then States' minister in France, she will bring us to
the brink of the precipice, that we may then throw ourselves into
her arms in despair.

The queen was in truth resolved to conclude a peace if a peace could be
made. If not, she was determined to make as good a bargain with the
States as possible, in regard to the long outstanding account of her
advances. Certainly it was not unreasonable that she should wish to see
her exchequer reimbursed by people who, as she believed, were rolling in
wealth, the fruit of a contraband commerce which she denied to her own
subjects, and who were in honour bound to pay their debts to her now, if
they wished her aid to be continued. Her subjects were impoverished and
panting for peace, and although, as she remarked, "their sense of duty
restrained them from the slightest disobedience to her absolute
commands," still she could not forgive herself for thus exposing them to
perpetual danger.

She preferred on the whole, however, that the commonwealth should consent
to its own dissolution; for she thought it unreasonable that--after this