Olden-Barneveld might well have prayed, however, to be delivered from such friends. To thrust one's head into the lion's mouth, while one's friends urge moderation on the noble animal, can never be considered a cheerful or prudent proceeding.
At last, after all offers had been rejected which the envoys had ventured to make, Elizabeth sent for Olden-Barneveld and Caron and demanded their ultimatum within twenty-four hours. Should it prove unsatisfactory, she would at once make peace with Spain.
On the 1st August the envoys accordingly proposed to Cecil and the other ministers to pay thirty thousand pounds a year, instead of twenty thousand, so long as the war should last, but they claimed the right of redeeming the cautionary towns at one hundred thousand pounds each. This seemed admissible, and Cecil and his colleagues pronounced the affair arranged. But they had reckoned without the queen after all.
Elizabeth sent for Caron as soon as she heard of the agreement, flew into a great rage, refused the terms, swore that she would instantly make peace with Spain, and thundered loudly against her ministers.
"They were great beasts," she said, "if they had stated that she would not treat with the enemy. She had merely intended to defer the negotiations."
So the whole business was to be done over again. At last the sum claimed by the queen, fourteen hundred thousand pounds, was reduced by agreement to eight hundred thousand, and one-half of this the envoys undertook on the part of the States to refund in annual payments of thirty thousand pounds, while the remaining four hundred thousand should be provided for by some subsequent arrangement. All attempts, however, to obtain a promise from the queen to restore the cautionary towns to the republic in case of a peace between Spain and England remained futile.
That was to be a bone of contention for many years.
It was further agreed by the treaty, which was definitely signed on the 16th August, that, in case England were invaded by the common enemy, the States should send to the queen's assistance at least thirty ships of war, besides five thousand infantry and five squadrons of horse.