The mercantile interest at once took the alarm, because it was supposed that the finance-chamber, was intended to crush the merchants. Early in April an Act had been passed by the state-council, prohibiting commerce with the Spanish possessions. The embargo was intended to injure the obedient Provinces and their sovereign, but it was shown that its effect would be to blast the commerce of Holland. It forbade the exportation from the republic not only of all provisions and munitions of war, but of all goods and merchandize whatever, to Spain, Portugal, the Spanish Netherlands, or any other of Philip's territories, either in Dutch or neutral vessel. It would certainly seem, at first sight, that such an act was reasonable, although the result would really be, not to deprive the enemy of supplies, but to throw the whole Baltic trade into the hands of the Bremen, Hamburg, and "Osterling" merchants. Leicester expected to derive a considerable revenue by granting passports and licenses to such neutral traders, but the edict became so unpopular that it was never thoroughly enforced, and was before long rescinded.

The odium of the measure was thrown upon the governor-general, yet he had in truth opposed it in the state-council, and was influential in procuring its repeal.

Another important Act had been directed against the mercantile interest, and excited much general discontent. The Netherlands wished the staple of the English cloth manufacture to be removed from Emden—the petty, sovereign of which place was the humble servant of Spain—to Amsterdam or Delft. The desire was certainly, natural, and the Dutch merchants sent a committee to confer with Leicester. He was much impressed with their views, and with the sagacity of their chairman, one Mylward, "a wise fellow and well languaged, an ancient man and very, religious," as the Earl pronounced him to be.

Notwithstanding the wisdom however, of this well-languaged fellow, the Queen, for some strange reason, could not be induced to change the staple from Emden, although it was shown that the public revenue of the Netherlands would gain twenty thousand pounds a year by the measure. "All Holland will cry out for it," said Leicester; "but I had rather they cried than that England should weep."

Thus the mercantile community, and especially the patrician families of Holland and Zeeland, all engaged in trade, became more and more hostile to the governor-general and to his financial trio, who were soon almost as unpopular as the famous Consults of Cardinal Granvelle had been. It was the custom of the States to consider the men who surrounded the Earl as needy and unprincipled renegades and adventurers. It was the policy of his advisers to represent the merchants and the States—which mainly consisted of, or were controlled by merchants—as a body of corrupt, selfish, greedy money-getters.

The calumnies put in circulation against the States by Reingault and his associates grew at last so outrageous, and the prejudice created in the mind of Leicester and his immediate English adherents so intense, that it was rendered necessary for the States, of Holland and Zeeland to write to their agent Ortell in London, that he might forestall the effect of these perpetual misrepresentations on her Majesty's government. Leicester, on the other hand, under the inspiration; of his artful advisers, was vehement in his entreaties that Ortell should be sent away from England.

The ablest and busiest of the opposition-party, the "nimblest head" in the States-General was the ex-Advocate of Holland; Paul Buys. This man was then the foremost statesman in, the Netherlands. He had been the firmest friend to the English alliance; he had resigned his office when the States were-offering the sovereignty to France, and had been on the point of taking service in Denmark. He had afterwards been prominent in the legation which offered the sovereignty to Elizabeth, and, for a long time, had been the most firm, earnest, and eloquent advocate of the English policy. Leicester had originally courted him, caressed him, especially recommended him to the Queen's favour, given him money—as he said, "two hundred pounds sterling thick at a time"—and openly pronounced him to be "in ability above all men." "No man hath ever sought a man," he said, "as I have sought P. B."

The period of their friendship was, however, very brief. Before many weeks had passed there was no vituperative epithet that Leicester was not in the daily habit of bestowing upon Paul. The Earl's vocabulary of abuse was not a limited one, but he exhausted it on the head of the Advocate. He lacked at last words and breath to utter what was like him. He pronounced his former friend "a very dangerous man, altogether hated of the people and the States;"—"a lewd sinner, nursled in revolutions; a most covetous, bribing fellow, caring for nothing but to bear the sway and grow rich;"—"a man who had played many parts, both lewd and audacious;"—"a very knave, a traitor to his country;"—"the most ungrateful wretch alive, a hater of the Queen and of all the English; a most unthankful man to her Majesty; a practiser to make himself rich and great, and nobody else;"—"among all villains the greatest;"— "a bolsterer of all papists and ill men, a dissembler, a devil, an atheist," a "most naughty man, and a most notorious drunkard in the worst degree."

Where the Earl hated, his hatred was apt to be deadly, and he was determined, if possible, to have the life of the detested Paul. "You shall see I will do well enough with him, and that shortly," he said. "I will course him as he was not so this twenty year. I will warrant him hanged and one or two of his fellows, but you must not tell your shirt of this yet;" and when he was congratulating the government on his having at length procured the execution of Captain Hemart, the surrenderer of Grave, he added, pithily, "and you shall hear that Mr. P. B. shall follow."

Yet the Earl's real griefs against Buys may be easily summed up. The lewd sinner, nursled in revolutions, had detected the secret policy of the Queen's government, and was therefore perpetually denouncing the intrigues going on with Spain. He complained that her Majesty was tired of having engaged in the Netherland enterprise; he declared that she would be glad to get fairly out of it; that her reluctance to spend a farthing more in the cause than she was obliged to do was hourly increasing upon her; that she was deceiving and misleading the States- General; and that she was hankering after a peace. He said that the Earl had a secret intention to possess himself of certain towns in Holland, in which case the whole question of peace and war would be in the hands of the Queen, who would also have it thus in her power to reimburse herself at once for all expenses that she had incurred.