The House of Commons at this period began to slowly recover the power it had lost under the Tudors (S350). James suffered from a chronic lack of money. He was obliged to apply to Parliament to supply his wants (1614), but that body was determined to grant nothing without reforms. It laid down the principle, to which it firmly adhered, that the King should not have the nation's coin unless he would promise to right the nation's wrongs.
After several weeks of angry discussion the King dissolved what was nicknamed the "Addled Parliament," because its enemies accused it of having accomplished nothing. In reality it had accomplished much for though it had not passed a single bill, it had shown by its determined attitude the growing stregnth of the people. For the next seven years James ruled without summoning a Parliament. In order to obtain means to support his army in Ireland, the King created a new title of rank, that of baronet,[1] which he granted to any one who would pay liberally for it. As a last resort to get funds he compelled all persons having an income of forty[2] pounds or more a year, derived from landed property, to accept knighthood (thus incurring feudal obligations and payments [S150]) or purchase exemption by a heavy fine.
[1] Baronet: This title (S263, note 1) does not confer the right to a seat in the House of Lords. A baronet is designated as "Sir," e.g. Sir John Franklin. [2] This exaction was ridiculed by the wits of the time in these lines:
"He that hat forty pounds per annum
Shall be promoted from the plow;
His wife shall take the wall of her grannum*—
Honor's sold so dog-cheap now."
The distraint of knighthood, as it was called, began at least as far back as Edward I, 1278. *Take precedence of her grandmother.
425. Impeachment of Lord Bacon (1621).
When James did finally summon a Parliament (1621), it met in a stern mood. The House of Commons impeached Lord Bacon (S393) for having taken bribes in lawsuits tried before him as judge. The House of Lords convicted him. He confessed the crime, but pleaded extenuating circumstances, adding, "I beseech your lordships to be merciful unto a broken reed"; but Bacon had been in every respect a servile tool of James, and no mercy was granted. Parliament imposed a fine of 40,000 pounds, with imprisonment. Had the sentence been fully executed, it would have caused his utter ruin. The King, however, interposed, and his favorite escaped with a few days' confinement in the Tower.
426. Execution of Sir Walter Raleigh.
Meanwhile Sir Walter Raleigh (S392) had been executed on a charge of treason. He had been a prisoner in the Tower for many years (1603-1616), accused of having plotted against the King.[3] Influenced by greed for gain, James released him to go on an expedition in search of gold to replenish the royal coffers. Raleigh, contrary to the King's orders, came into collision with the Spaniards on the coast of South America.[1] He failed in his enterprise, and brought back nothing. Raleigh was especially hated by Spain, not only on account of the part he had taken in the defeat of the Armada (S400), but also for his subsequent attacks on Spanish treasure ships and property.
[3] At the beginning of the reign two plots were discovered: one, called the "Main Plot," aimed to change the government and perhaps to place Arabella Stuart, cousin of James, on the throne. The object of the second conspiracy, called the "Bye Plot," was to obtain religious toleration. Raleigh was accused of having been implicated in the Main Plot. [1] It is said that James had treacherously informed the Spanish ambassador of Raleigh's voyage, so that the collision was inevitable.