The words of Louis came rapidly to pass as regarded Edward's allies. Nothing could equal the folly of Burgundy and the treachery of the others. Charles the Rash, instead of coming up punctually with his promised forces, and in his usual wild way, led them to avenge some affront from the Duke of Lorraine, and the princes of Germany, far away from the really important scene of action. When the duke appeared in Edward's camp, with only a small retinue instead of a large army, and there was no prospect of his rendering any effective aid that summer, Edward was highly chagrined. All his officers were eager for the campaign, promising themselves a renewal of the fame and booty which their fathers had won. But when Edward advanced from Péronne, where he lay, to St. Quentin, on the assurances of Burgundy that St. Pol, who held it, would open its gates to him, and when, instead of such surrender, St. Pol fired on his troops from the walls, the king's wrath knew no bounds; he upbraided the duke with his conduct in thus deceiving and making a laughing-stock of him, and Burgundy retired in haste from the English camp. To add to Edward's disgust, Burgundy and his subjects had from the first landing of the English betrayed the utmost reluctance to admit the British forces into any of their towns. Artois and Picardy were shut against them, as if they came, not as allies, but as intending conquerors.

Precisely at this juncture, the herald returned with his narrative of his kind reception, and the amiable disposition of Louis. This was by no means unwelcome in the present temper of Edward. It gave him the most direct prospect of punishing his perfidious allies. On the heels of Garter-king-at-arms arrived heralds from Louis, confirming all he had stated, and offering every means of pacification. The king called a council in the camp of Péronne, in which it was resolved to negotiate a peace with France on three grounds—the approach of winter, the absence of all supplies for the army, and the failure of assistance from the allies. For two months, while the terms of this treaty were being discussed, the agents and money of Louis were freely circulating amongst the courtiers and ministers of Edward.

The plenipotentiaries found all their labours wonderfully smoothed by the desire of Louis to see the soil of France as soon as possible clear of the English army. The French King agreed to almost everything proposed, never intending to fulfil a tithe of his contracts. A truce for seven years was concluded at Amiens. The King of France agreed to pay the King of England 75,000 crowns within the next fifteen days; and 50,000 crowns a year during their joint lives, to be paid in London. Apparently prodigal of his money, it was at this time that Louis paid 50,000 crowns for the ransom of Queen Margaret. To bind the alliance still more firmly, Edward proposed that the dauphin should marry his eldest daughter, Elizabeth, which was readily assented to. To testify his great joy in the termination of this treaty, Louis sent 300 cart-loads of the best wines of France into the English camp, and proposed, in order to increase the feeling of friendship between the two monarchs, that they should have a personal interview before Edward's departure.

The treaty being signed, Gloucester and some others of the chief nobility who were averse from the peace, and therefore would not attend the meeting of the kings, now rode into Amiens to pay their court to him, and Louis received them with that air of pleasure which he could so easily put on, entertained them luxuriously, and presented them with rich gifts of plate and horses.

Thus was this singular treaty concluded, and each monarch thought most advantageously to himself. Edward had paid off the Duke of Burgundy for neglecting to fulfil his agreement as to the campaign, and he now sent the duke word, patronisingly, that if he wished, he would get a similar truce for him; to which Burgundy sent an indignant answer. Edward had, moreover, got a good round sum of money to pay his army, and a yearly income of 50,000 crowns for life. Like Charles II. afterwards, he did not trouble himself about the disgrace and disadvantage of having made himself a pensioner of France. Besides this, he had arranged to set his eldest daughter on the French throne after Louis' decease.

The people were very much of the French king's opinion, that their own monarch had been sadly over-reached. The army, which on its return was disbanded, promoted this feeling everywhere. The soldiers came back disappointed of the plunder of France, and accordingly vented their chagrin on the king and his courtiers, who for their private emolument had sold, they said, the honour of the nation. As to the general terms of the peace, the people had good cause to be satisfied. It was much better for the nation to be left at liberty to pursue its profitable trade than to be year after year drained of its substance to carry on a useless war. But the real cause of discontent was the annual bribe, which bound the king and his court to wink at any proceedings of France on the Continent against our allies and commercial connections, and even to suffer intrusions on our own trade, rather than incur the danger of losing the pay of the French king.

Edward endeavoured to silence these murmurs by severity. He sent amongst the people spies who reported any obnoxious language, and he punished offenders without mercy. At the same time, he extended an equally stern hand towards all disturbers of the peace; the disbanded soldiers having collected into hordes, and spread murder and rapine through several of the counties. Seeing, however, that the general discontent was such that, should some Wat Tyler or Jack Cade arise, the consequences might be terrible, he determined to ease the burdens of the people at the expense of the higher classes. He therefore ordered a rigorous exaction of the customs; laid frequent tenths on the clergy; resumed many of the estates of the Crown; and compelled the holders of estates to compound by heavy fines for the omission of any of their duties as feudal tenants. He moreover entered boldly into trade. Instead of permitting his ships to lie rotting in port—since he had no occasion for them as transport vessels,—he sent out in them wool, tin, cloth, and other merchandise, and brought back from the ports of the Levant the produce of the East. By these means Edward became the wealthiest monarch of Europe, and while he soon grew popular with the people, who felt the weight of taxation annually decreasing, he became equally formidable to those who had more reason to complain.

But however generally prosperous was the remainder of Edward's reign, it was to himself filled with the deepest causes of grief and remorse. The part which his brother Clarence had taken, his allying himself to Warwick, with the design to depose Edward and secure the crown to himself, could never be forgotten. He had been named the successor to the Prince of Wales, the son of Henry VI., and, should anything happen to Edward, might assert that claim to the prejudice of his own son. Still further, Clarence had given mortal offence to the queen. Her father and her brother had been put to death in Clarence's name. Her brother Anthony, afterwards, had narrowly escaped the same fate from the orders of Clarence. He had been forward in the charge of sorcery against her mother, the Duchess Jacquetta. Scarcely less had he incensed his brother Richard of Gloucester, the vindictive and never forgiving, by his opposition to his marriage with Anne of Warwick, and to sharing any of Warwick's property with him. Clarence was immensely rich, from the possession of the bulk of Warwick's vast estates, and he seems to have borne himself haughtily, as if he were another Warwick. He was at the head of a large party of malcontents, those who hated and envied the queen's family, and those who had been made to yield up their valuable grants from the crown under Henry VI. Clarence himself was one of the reluctant parties thus forced to disgorge some of his lands, under the act of resumption, on Edward's return from France. While brooding over this offence, his wife Isabella of Warwick died, on the 22nd of December, 1476, just after the birth of her third child. Clarence, who was so extremely attached to her that he was almost beside himself at the loss, accused, brought to trial, and procured the condemnation of one of her attendants, on the charge of having poisoned her.

Directly after this, January 5th, 1477, the Duke of Burgundy fell at the battle of Nancy, in his vain struggle against the Duke of Lorraine, backed by the valiant Swiss. His splendid domains fell to his only daughter, Mary, who immediately became the object of the most eager desire to numerous princes. Louis of France disdained to sue for her hand for the Dauphin, but attacked her territories, and hoped to secure both them and her by conquest. There had been some treaty for her by the Archduke Maximilian, of Austria, for his son during the late duke's life; but now Clarence aroused himself from his grief for the loss of his wife, and made zealous court, on his own account, to this great heiress. Her mother, Margaret, the sister of Clarence, favoured his suit warmly, but the idea of such an alliance struck Edward with dismay. Clarence already was far too powerful. Should he succeed in placing himself at the head of one of the most powerful states on the Continent, and with his avowed claims on the English crown, and his undisguised enmity to Edward's queen and family, the mischief he might do was incalculable.