The evil cured itself, however, and, before the expiration of another year, prices were again at their previous level. The land was sufficiently cultivated to furnish the necessaries of life for a diminishing population, and the supply of labour was more than enough, for the languishing demand. Wheat was again at tenpence the bushel, and other commodities valued in like proportion, and far below the market- prices in Holland and England.

On the other, hand, the prosperity of the republic was rapidly increasing. Notwithstanding the war, which had beer raging for a terrible quarter. of a century without any interruption, population was increasing, property rapidly advancing in value, labour in active demand. Famine was impossible to a state which commanded the ocean. No corn grew in Holland and Zeeland, but their ports were the granary of the world. The fisheries were a mine of wealth almost equal to the famous Potosi, with which the commercial world was then ringing. Their commerce with the Baltic nations was enormous. In one month eight hundred vessels left their havens for the eastern ports alone. There was also no doubt whatever—and the circumstance was a source of constant complaint and of frequent ineffective legislation—that the rebellious Provinces were driving a most profitable trade with Spain and the Spanish possessions, in spite of their revolutionary war. The mines of Peru and Mexico were as fertile for the Hollanders and Zeelanders as for the Spaniards themselves. The war paid for the war, one hundred large frigates were constantly cruising along the coasts to protect the fast-growing traffic, and an army of twenty thousand foot soldiers and two thousand cavalry were maintained on land. There were more ships and sailors at that moment in Holland and Zeeland than in the whole kingdom of England.

While the sea-ports were thus rapidly increasing in importance, the towns in the interior were advancing as steadily. The woollen manufacture, the tapestry, the embroideries of Gelderland, and Friesland, and Overyssel, were becoming as famous as had been those of Tournay, Ypres, Brussels, and Valenciennes. The emigration from the obedient Provinces and from other countries was very great. It was difficult to obtain lodgings in the principal cities; new houses, new streets, new towns, were rising every day. The single Province of Holland furnished regularly, for war- expenses alone, two millions of florins (two hundred thousand pounds) a year, besides frequent extraordinary grants for the same purpose, yet the burthen imposed upon the vigorous young commonwealth seemed only to make it the more elastic. "The coming generations may see," says a contemporary historian, "the fortifications erected at that epoch in the cities, the costly and magnificent havens, the docks, the great extension of the cities; for truly the war had become a great benediction to the inhabitants." Such a prosperous commonwealth as this was not a prize to be lightly thrown away. There is no doubt whatever that a large majority of the inhabitants, and of the States by whom the people were represented, ardently and affectionately desired to be annexed to the English crown. Leicester had become unpopular, but Elizabeth was adored, and there was nothing unreasonable in the desire entertained by the Provinces of retaining their ancient constitutions, and of transferring their allegiance to the English Queen.

But the English Queen could not resolve to take the step. Although the great tragedy which was swiftly approaching its inevitable catastrophe, the execution of the Scottish Queen, was to make peace with Philip impossible—even if it were imaginable before—Elizabeth, during the year 1587, was earnestly bent on peace. This will be made manifest in subsequent pages, by an examination of the secret correspondence of the court. Her most sagacious statesmen disapproved her course, opposed it, and were often overruled, although never convinced; for her imperious will would have its way.

The States-General loathed the very name of peace with Spain. The people loathed it. All knew that peace with Spain meant the exchange of a thriving prosperous commonwealth, with freedom of religion, constitutional liberty, and self-government, for provincial subjection to the inquisition and to despotism: To dream of any concession from Philip on the religious point was ridiculous. There was a mirror ever held up before their eyes by the obedient Provinces, in which they might see their own image, should, they too return to obedience. And there was never a pretence, on the part of any honest adviser of Queen Elizabeth in the Netherlands, whether Englishman or Hollander, that the idea of peace- negotiation could be tolerated for a moment by States or people. Yet the sum of the Queen's policy, for the year 1587, may be summed up in one word—peace; peace for the Provinces, peace for herself, with their implacable enemy.

In France, during the same year of expectation, we shall see the long prologue to the tragic and memorable 1588 slowly enacting; the same triangular contest between the three Henrys and their partizans still proceeding. We shall see the misguided and wretched Valois lamenting over his victories, and rejoicing over his defeats; forced into hollow alliance with his deadly enemy; arrayed in arms against his only protector and the true champion of the realm; and struggling vainly in the toils of his own mother and his own secretary of state, leagued with his most powerful foes. We shall see 'Mucio,' with one 'hand extended in mock friendship toward the King, and with the other thrust backward to grasp the purse of 300,000 crowns held forth to aid his fellow- conspirator's dark designs against their common victim; and the Bearnese, ever with lance in rest, victorious over the wrong antagonist, foiled of the fruits of victory, proclaiming himself the English Queen's devoted knight, but railing at her parsimony; always in the saddle, always triumphant, always a beggar, always in love, always cheerful, and always confident to outwit the Guises and Philip, Parma and the Pope.

And in Spain we shall have occasion to look over the King's shoulder, as he sits at his study-table, in his most sacred retirement; and we shall find his policy for the year 1587 summed up in two words—invasion of England. Sincerely and ardently as Elizabeth meant peace with Philip, just so sincerely did Philip intend war with England, and the dethronement and destruction of the Queen. To this great design all others were now subservient, and it was mainly on account of this determination that there was sufficient leisure in the republic for the Leicestrians and the States-General to fight out so thoroughly their party-contests.

ETEXT EDITOR'S BOOKMARKS:

Acknowledged head of the Puritan party of England (Leicester)
Geneva theocracy in the place of the vanished Papacy
Hankering for peace, when peace had really become impossible
Hating nothing so much as idleness
Mirror ever held up before their eyes by the obedient Provinces
Rigid and intolerant spirit of the reformed religion
Scorn the very word toleration as an insult
The word liberty was never musical in Tudor ears