No computation can be attempted of the spoil taken during these years; no reports were ever made; on the contrary, all concerned were anxious to conceal their doings, but certain prizes were too dazzling to be hidden. When Drake surprised three caravans on the Isthmus, numbering one hundred and ninety mules, each mule loaded with three hundred pounds of silver, the fact became known. No wonder Drake ate off “silver richly gilt, and engraved with his arms,” that he had “all possible luxuries, even to perfumes,” that he dined and supped “to the music of violins,” and that he could bribe the queen with a diamond cross and a coronet set with splendid emeralds, and give the lord chancellor a service of plate. What he gave in secret he alone knew.

As Francis Drake was the ideal English corsair, so John Hawkins was the ideal slaver. The men were kinsmen, and of the breed which, when driven from their farms at the end of the Middle Ages, left their mark all over the world. Of course the two sailors were “gospellers,” and Mr. Froude has quoted an interesting passage from the manuscript of a contemporary Jesuit, which shows how their class was esteemed toward the close of the sixteenth century: “The only party that would fight to the death for the queen, the only real friends she had, were the Puritans, the Puritans of London, the Puritans of the sea towns.”[314] These the priest thought desperate and determined men. Nevertheless they sometimes provoked Elizabeth by their sermonizing. The story is told that one day after reading a letter of Hawkins to Burleigh she cried: “God’s death! This fool went out a soldier, and has come back a divine.”

Though both Drake and Hawkins possessed the predatory temperament, Hawkins had a strong commercial instinct, and kept closely to trade. He was the son of old William Hawkins, the first British captain who ever visited Brazil, and who brought from thence a native chief, whom he presented to Henry VIII. As a young man John had discovered at the Canaries “that negroes were a very good commodity in Hispaniola,”[315] and that they might easily be taken on the coast of Guinea. Accordingly, in 1562, he fitted out three ships, touched at Sierra Leone, and “partly by the sword and partly by other means,” he obtained a cargo, “and with that prey he sailed over the ocean sea” to Hispaniola, where he sold his goods at a large profit. The West India Islands, and the countries bordering the Gulf of Mexico, cannot be cultivated profitably by white labourers; therefore, when the Spaniards had, by hard usage, partially exterminated the natives, a fresh supply of field hands became necessary, and these could be had easily and cheaply on the coast of Africa.

At first Spain tried to exclude foreigners from this most lucrative traffic; but here again the English moved too quickly to be stopped. Wherever Hawkins went, he went prepared to fight, and, if prevented from trading peaceably, he used force. In his first voyage he met with no opposition, but subsequently, at Burburata, leave to sell was denied him, and, without an instant’s hesitation, he marched against the town with “a hundred men well armed,” and brought the governor to terms. Having supplied all the slaves needed at that port, Hawkins went on to Rio de la Hacha, where he, in like manner, made a demonstration with “one hundred men in armour,” and two small guns, and in ten days he had disposed of his whole stock.

As at that time an able negro appears to have been worth about £160 in the West Indies,[316] a cargo of five hundred ought to have netted between seventy and eighty thousand pounds, for the cost of kidnapping was trifling. No wonder, therefore, that slaving flourished, and that, by the middle of the eighteenth century, England probably carried not far from one hundred thousand blacks annually from Africa to the colonies. The East offered no such market, and doubtless Adam Smith was right in his opinion that the commerce with India had never been so advantageous as the trade to America.[317]

Both slavers and pirates brought bullion to England, and presently this flow of silver began to stimulate at London a certain amount of exchange between the East and West. The Orientals have always preferred payment in specie, and, as silver has usually offered more profit than gold as an export, the European with a surplus of silver has had the advantage over all competitors. Accordingly, until Spain lost the power to protect her communications with her mines, the Spanish peninsula enjoyed almost a monopoly of the trade beyond the Cape; but as the war went on, and more of the precious metal flowed to the north, England and Holland began to send their silver to Asia, the Dutch organizing one East India Company in 1595, and the British another in 1600.

Sir Josiah Child, who was, perhaps, the ablest merchant of the seventeenth century, observed that in 1545 “the trade of England then was inconsiderable, and the merchants very mean and few.”[318] Child’s facts are beyond doubt, and the date he fixed is interesting because it coincides with the discovery of Potosi, whence most of the silver came which supplied the pirates and the slavers. Prior to 1545 specie had been scarce in London, but when the buccaneers had been scuttling treasure galleons for a generation, they found themselves possessed of enough specie to set them dreaming of India, and thus piracy laid the foundation of the British empire in Asia.

But robbing the Spaniards had another more immediate and more startling result, for it probably precipitated the civil war. As the city grew rich it chafed at the slow movement of the aristocracy, who, timid and peaceful, cramped it by closing the channels through which it reached the property of foreigners; and, just when the yeomanry were exasperated by rising rents, London began to glow with that energy which, when given vent, was destined to subdue so large a portion of the world. Perhaps it is not going too far to say that, even from the organization of the East India Company, the mercantile interest controlled England. Not that it could then rule alone, it lacked the power to do so for nearly a hundred years to come; but, after 1600, its weight turned the scale on which side soever thrown. Before the Long Parliament the merchants were generally Presbyterians or moderate Puritans; the farmers, Independents or Radicals; and Winthrop, when preparing for the emigration to Massachusetts, dealt not only with squires like Hampden, but with city magnates like Thomas Andrews, the lord mayor. This alliance between the rural and the urban Puritans carried through the Great Rebellion, and as their coalition crushed the monarchy so their separation reinstated it.

Macaulay has very aptly observed that “but for the hostility of the city, Charles the First would never have been vanquished, and that, without the help of the city, Charles the Second could scarcely have been restored.”[319] At the Protector’s death the Presbyterians abandoned the farmers, probably because they feared them. The army of the Commonwealth swarmed with men like Cromwell and Blake, warriors resistless alike on land and sea, with whom, when organized, the city could not cope. Therefore it scattered them, and, throwing in its lot with the Cavaliers, set up the king.

For about a generation after the Restoration, no single interest had the force to impose its will upon the nation, or, in other words, parties were equally balanced; but from the middle of the century the tide flowed rapidly. Capital accumulated, and as it accumulated the men adapted to be its instruments grew to be the governing class. Sir Josiah Child is the most interesting figure of this period. His acquaintance remembered him a poor apprentice sweeping the counting-house where he worked; and yet, at fifty, his fortune reached £20,000 a year, a sum almost equal to the rent-roll of the Duke of Ormond, the richest peer of the realm. Child married his daughter to the eldest son of the Duke of Beaufort, and gave her £50,000, and his ability was so commanding that for years he absolutely ruled the East India Company, and used its revenues to corrupt Parliament. On matters of finance such a man would hardly err, and he gave it as his opinion that in 1635 “there were more merchants to be found upon the Exchange worth each one thousand pounds and upwards, than were in the former days, viz., before the year 1600, to be found worth one hundred pounds each.”