William's return to his kingdom was marked by a genuine triumph: the elections were favorable to him almost everywhere, and the difficulties that had been raised by a bill for the reminting of coins, which were then seriously depreciated, had just been surmounted. But a disagreement was already springing up between the king and Parliament in relation to the gifts with which he had loaded his Dutch friends. Following the example of Charles II. and James II., William had detached from the possessions of the crown certain rich domains with which he had recompensed his faithful servants, notably Bentwick. He had just assigned to him a considerable estate in Wales, over which the crown possessed sovereign rights, which were comprised in the cession made to Portland. The country and the House of Commons demanded the retrocession of these rights in a petition bitterly stamped with the jealousy with which the favors enjoyed by the Dutch inspired the English nation. William was hurt by it; but with that moderation and justice which counterbalanced the reserve of his character and his lack of ductility, he replied to the petitioners: "I have an affection for Lord Portland, which he has deserved by his long and faithful services. If I had believed that the house would have to be consulted in this gift, I should not have made it; I shall recall my letters patent and shall give him an equivalent elsewhere." The estates conferred upon Bentinck were scattered in distant parts of the country. "They shall not say that I want to create a princedom for Lord Portland," said the king.

Domestic quarrels, as well as the jealousies aroused in England by the formation of a Scotch commercial company, whose rivalry the English merchants feared, were soon to be stilled in presence of a great national commotion. Rumors of invasion began to circulate anew. With the hopes of foreign aid, the intrigues of the Jacobites had caught a fresh enthusiasm. The Duke of Berwick had been commissioned to excite the zeal of King James's friends, who had secretly arrived in England, and was visited mysteriously by the leaders of the Jacobite party. The Duke was not ignorant of the more dangerous and less honorable mission that had been entrusted to Sir George Barclay. The latter had already united at London a certain number of partisans, ready for any enterprise; he was bearer of a commission written entirely in King James's hand, authorizing him to execute, at a proper time, against the Prince of Orange and his adherents, all acts of hostility which might be serviceable to his Majesty. The act of hostility which Sir George Barclay and his accomplices were preparing was none other than an attempt to assassinate. The 15th of February, 1696, had been fixed for its execution. Certain men, ruined by the revolution, recently converted to Catholicism by personal ambition, Charnock, Porter, Goodman, had long ago been admitted into the conspiracy; and Sir William Parkyn was not ignorant of it, though he had taken the oath of allegiance to William to save the office which he held in the Court of Chancery. Sir John Fenwick, an insolent Jacobite, who had once insulted Queen Mary in the park, had, it was said, refused to take part in the criminal attempt; yet he held the secret of the conspirators which was soon to cost him his life. A certain number of King James's guards had arrived successively in London to reinforce this little band of assassins. The Duke of Berwick had returned to France, anxious to avoid all appearance of complicity. The English Jacobites refused to attempt a rising without the aid of a foreign invasion. King Louis XIV. was beginning to grow weary of the ineffectual efforts he had so generously lavished in aid of King James. The latter had met Berwick at Clermont. "After having learned from him the state of things in England, and the reasons which had made him return so hastily, his Majesty sent him to the King of France and continued his route to Calais. He always hoped that some event would give him the opportunity of demanding that the troops should be embarked without further delay, and it was for this reason that he continued his journey to Calais; but he had no sooner arrived there than, with his usual luck, he found all his hopes blighted. He learned that several gentlemen had been arrested for an attempt against the life of the Prince of Orange, and that this had raised such an excitement throughout the kingdom that there was no possibility of the Jacobites thinking of a revolt, still less of the king's thinking of a landing, even had the French desired it."

This event, which King James awaited at Calais, and on which he counted for the success of his projects, had been delayed from day to day by a series of mischances usual in conspiracies, but which never opened the eyes of the conspirators. On the 15th, the king's hunt, during which the forty plotters were to throw themselves upon him, had been put off, under pretext that the weather was stormy and cold. On the 21st all the accomplices met again in a tavern: their posts were assigned, their rôles were distributed. Eight men were to be armed with fire-arms, the others had sharpened their swords. "Tomorrow," they cried, "we shall be masters of the situation." "Don't be afraid to break the windows of the carriage, Mr. Pendergrass," said King to one of the other conspirators, to whom a musket had been assigned. Suddenly a sentinel, who had been sent out to reconnoitre, appeared at the door, pale and alarmed. "The king does not hunt to-morrow," he said; "the carriages have been countermanded; the guards who were sent to Richmond have returned at a gallop—their horses are covered with foam." The conspirators dispersed, and the most enthusiastic were already projecting new ambuscades. The next day before noon almost all of them were arrested; the population of London, suddenly moved, had lent the police thousands of eyes and ears, eager to discover the guilty. The remorse of three conspirators successively had revealed the plot to the Duke of Portland.

The first of all had been Pendergrass, an honorable and respected Catholic, but instinctively revolting at the idea of assassination. "My lord," he had said to Portland, "if you value the life of King William, don't let him go to the hunt to-morrow. He is the enemy of my religion, but it is my religion which obliges me to give you this warning. I am resolved to conceal the names of the conspirators." The revelations of the others were more complete. The king was unwilling to put confidence in them; he had Pendergrass summoned before him. "You are a man of honor," he said to him, "and I am grateful to you. But the integrity which has made you speak ought to oblige you to tell me something more. Your warning has sufficed to poison my existence by making me suspect all those who approach me; it will not be enough to protect me. Give me the names of the conspirators." Pendergrass yielded, on condition that they would make no use of his revelations against the persons named without his formal consent. On Sunday morning the guards and militia were under arms; the lords-lieutenant of the coast had set out for their respective districts. Orders were given the Lord Mayor to watch over the safety of the capital. At Calais King James looked in vain in the direction of England; the flames that were to announce the success of the enterprise were not kindled.

The excitement was deep: people realized the danger that had menaced the state in threatening the life of the prince. The House suspended the habeas corpus act; they declared that Parliament would not be dissolved on the death of the king. At the same time it was proposed to form an association for the defence of the king and country. The agreement, drawn up by Montague, was soon laid upon the table of the house; a crowd of members pressed forward to sign it. A slight modification of the terms satisfied the scruples of some Tory peers. A great number of the House of Lords signed it. Throughout the country people followed their example. William had never been so popular, his throne had never rested on a more solid basis than on the morrow of the guilty project formed against his life. When Charnock, one of the conspirators, offered to reveal the names of those who had sent him to Saint Germain, "I want to know none of them," said the king to the overtures of the miserable man. The latter, with seven of his accomplices, perished by the hand of the executioner.

King William was soon constrained to receive the denunciations he had at first rejected. During his absence on the continent, while military operations remained nearly inactive, while the Duke of Savoy withdrew from the coalition, and while overtures of peace were coming to the king, he learned that Sir John Fenwick had been arrested. Some days later the Duke of Devonshire sent him the confession of the prisoner. Silent about the Jacobite plots in which he had taken part, Fenwick accused of treason Marlborough, Godolphin, Russell and Shrewsbury, all engaged in the service and interests of King James.

William III. had known this for a long time. Marlborough alone had gone beyond bounds, and the king had taken away all his offices, while keeping silent about the causes of his disgrace. Godolphin, Russell and Shrewsbury were still in power; the last two counted among the leaders of the Whigs. The stratagem of the accused was clever: he had purposed to throw confusion into all camps and suspicion upon all the parties; but the masterly magnanimity of William upset his projects. William sent Fenwick's confession to Shrewsbury himself. "I am surprised," he wrote, "at the wretch's effrontery. You know me too well to suppose that such stories can affect me. Observe the sincerity of this honorable man: he has nothing to tell me of the schemes of his Jacobite friends, he only attacks my own friends."