Sir Thomas More presented one of those rare unions of wisdom and waggery which may occasionally be found, and he was often sent for to the palace to make jokes for his sovereign. The king would often take him out on the leads at night, where after scrambling through the cock-loft, and getting out upon the tiles, Sir Thomas and his royal pupil would stand for an hour at a time, conversing on the subject of astronomy.
The king and Wolsey congratulated each other on having got Tom More as Speaker, for they thought he would act like one of themselves, and that he would soon laugh the people out of all the money they might be required to furnish. Henry and the cardinal foolishly imagined that the man who sometimes made a joke could never be serious; but they found out their mistake, for he proved himself an excellent man of business when occasion required. Wolsey thought to produce an effect by attending the House in person, and making a speech on that most unpromising topic the "crisis," though it was not such a threadbare subject in those days as in our own, when a "crisis" may almost be looked for as a quarterly occurrence. Happily, if we are remarkable for our rapidity in getting a "crisis" up, we have also a wonderful knack of putting it down again with equal promptitude.
The speech of Wolsey was listened to without reply; for, every member of the House considering the cardinal's intrusion a breach of privilege, remained mute and motionless. Irritated by their silence, the crafty churchman called up one of the members by name, and asked him for a speech; but the call might just as well have been for a song, since the individual indicated said nothing more than rise up and sit down again. Finding it impossible to get a good word, or indeed any word at all from the Commons, the cardinal lost his temper, and declared that, having come from the king, he should certainly wait for an answer; but Tom Moore, the Speaker—who, by-the-by, deserved the title, for he was the only one that spoke—began to show his wit by saying that the fact was, the Commons were too modest to open their mouths in the presence of so great a personage. Wolsey withdrew in dudgeon, and after a few days' debate, it was at length agreed to give the money that had been asked, but to take five years to pay it in. Though Henry would no doubt have been perfectly willing to make a sacrifice for ready money, and allow a considerable discount on a cash transaction, his minister tried to accelerate the mode of payment without offering any equivalent for a restriction of the term of credit.
The autumn of the year 1525 was rendered remarkable by the confusion into which the Londoners were thrown, in consequence of the almanack-makers and astronomers having tried to give an impetus to their trade by throwing into the market a parcel of very alarming prophecies. It was predicted that the rains would be so tremendous as to convert the whole wealth of the metropolis into floating capital; and the merchants, fearing they might not be able to keep their heads above water, ran in crowds to the suburbs. Several parted with everything they possessed, and their foolish conduct in making their arrangements for being swamped formed a precedent, no doubt, for a case of recent occurrence, in which an individual of average income, having been led away by a prophecy that the world had only two more years to run, invested the whole of his property in the largest possible annuity he could procure for two years, being under the firm impression that beyond that time neither he nor his heirs, executors, or assigns would have the opportunity of enjoying a farthing of any surplus. As the world did not keep the appointment that had been made for it by the calculator of its final arrangements, he was left without a penny when the time he had assigned for its duration was up; and thus many had got rid of everything in 1525, under the expectation that all their sorrows and possessions would be drowned in the inundation that did—not happen.
During the time the panic prevailed, a few of the tradesmen and artificers did their best to put it to a profitable account, and a turner of the time, who was so clever at his business that he could turn a penny out of anything, constructed several thousand pairs of stilts, and, placing them in his window labelled "Stilts for the inundation," he obtained numerous customers.
Wolsey's attention was suddenly called off from matters at home by a fresh vacancy in the popedom, occasioned by the death of Adrian.
The English cardinal immediately despatched a letter to his royal master, saying how unfit he was for the pontificate, when Henry, instantly taking the hint, and saying to himself, "Oh! ah! exactly! I see what Wolsey wants," wrote off strongly to Rome in favour of his election. Powerful efforts were made to secure his return and push him to the top of the poll, but though he got several votes, he was completely beaten by Giulio de Medici, who was elected to the papal chair by a very large majority. Wolsey bore his disappointment, to all appearances, exceedingly well, but the probability is that he saw the policy of keeping on good terms with the new pope, who made the cardinal his legate for life, and granted him a bull empowering him to suppress a number of monasteries, for the purpose of taking the money they possessed to endow his own colleges.