The Guise faction being inspired solely by religious motives of the loftiest kind, were naturally dissatisfied with the lukewarmness of his most Catholic Majesty. When therefore the discomfited Mayenne subsequently concluded his bargain with the conqueror of Ivry, it was a matter of course that Jeannin should also make his peace with the successful Huguenot, now become eldest son of the Church. He was very soon taken into especial favour by Henry, who recognised his sagacity, and who knew his hands to be far cleaner than those of the more exalted Leaguers with whom he had dealt. The "good old fellow," as Henry familiarly called him, had not filled his pockets either in serving or when deserting the League. Placed in control of the exchequer at a later period, he was never accused of robbery or peculation. He was a hard-working, not overpaid, very intelligent public functionary. He was made president of the parliament, or supreme tribunal of Burgundy, and minister of state, and was recognised as one of the ablest jurists and most skilful politicians in the kingdom. An elderly man, with a tall, serene forehead, a large dark eye and a long grey beard, he presented an image of vast wisdom and reverend probity. He possessed—an especial treasure for a statesman in that plotting age—a singularly honest visage. Never was that face more guileless, never was his heart more completely worn upon his sleeve, than when he was harbouring the deepest or most dangerous designs. Such was the "good fellow," whom that skilful reader of men, Henry of France, had sent to represent his interests and his opinions at the approaching conferences. What were those opinions? Paul V. and his legates Barberini, Millino, and the rest, were well enough aware of the secret strings of the king's policy, and knew how to touch them with skill. Of all things past, Henry perhaps most regretted that not he, but the last and most wretched of the Valois line, was sovereign of France when the States-General came to Paris with that offer of sovereignty which had been so contumaciously refused.

If the object were attainable, the ex-chief of the Huguenots still meant to be king of the Netherlands as sincerely as Philip II. had ever intended to be monarch of France. But Henry was too accurate a calculator of chances, and had bustled too much in the world of realities, to exhaust his strength in striving, year after year, for a manifest impossibility. The enthusiast, who had passed away at last from the dreams of the Escorial into the land of shadows, had spent a lifetime, and melted the wealth of an empire; but universal monarchy had never come forth from his crucible. The French king, although possessed likewise of an almost boundless faculty for ambitious visions, was capable of distinguishing cloud-land from substantial empire. Jeannin, as his envoy, would at any rate not reveal his master's secret aspirations to those with whom he came to deal, as openly as Philip had once unveiled himself to Jeannin.

There could be no doubt that peace at this epoch was the real interest of France. That kingdom was beginning to flourish again, owing to the very considerable administrative genius of Bethune, an accomplished financier according to the lights of the age, and still more by reason of the general impoverishment of the great feudal houses and of the clergy. The result of the almost interminable series of civil and religious wars had been to cause a general redistribution of property. Capital was mainly in the hands of the middle and lower classes, and the consequence of this general circulation of wealth through all the channels of society was precisely what might have been expected, an increase of enterprise and of productive industry in various branches. Although the financial wisdom of the age was doing its best to impede commerce, to prevent the influx of foreign wares, to prohibit the outflow of specie—in obedience to the universal superstition, which was destined to survive so many centuries, that gold and silver alone constituted wealth—while, at the same time, in deference to the idiotic principle of sumptuary legislation, it was vigorously opposing mulberry culture, silk manufactures, and other creations of luxury, which, in spite of the hostility of government sages, were destined from that time forward to become better mines of wealth for the kingdom than the Indies had been for Spain, yet on the whole the arts of peace were in the ascendant in France.

The king, although an unscrupulous, self-seeking despot and the coarsest of voluptuaries, was at least a man of genius. He had also too much shrewd mother-wit to pursue such schemes as experience had shown to possess no reality. The talisman "Espoir," emblazoned on his shield, had led him to so much that it was natural for him at times to think all things possible.

But he knew how to renounce as well as how to dare. He had abandoned his hope to be declared Prince of Wales and successor to the English crown, which he had cherished for a brief period, at the epoch of the Essex conspiracy; he had forgotten his magnificent dream of placing the crown of the holy German empire upon his head, and if he still secretly resolved to annex the Netherlands to his realms, and to destroy his excellent ally, the usurping, rebellious, and heretic Dutch republic, he had craft enough to work towards his aim in the dark, and the common sense to know that by now throwing down the mask he would be for ever baffled of his purpose.

The history of France, during the last three-quarters of a century, had made almost every Frenchman, old enough to bear arms, an accomplished soldier. Henry boasted that the kingdom could put three hundred thousand veterans into the field—a high figure, when it is recollected that its population certainly did not exceed fifteen millions. No man however was better aware than he, that in spite, of the apparent pacification of parties, the three hundred thousand would not be all on one side, even in case of a foreign war. There were at least four thousand great feudal lords as faithful to the Huguenot faith and cause as he had been false to both; many of them still wealthy, notwithstanding the general ruin which had swept over the high nobility, and all of them with vast influence and a splendid following, both among the lesser gentry and the men of lower rank.

Although he kept a Jesuit priest ever at his elbow, and did his best to persuade the world and perhaps himself that he had become a devout Catholic, in consequence of those memorable five hours' instruction from the Bishop of Bourges, and that there was no hope for France save in its return to the bosom of the Church, he was yet too politic and too farseeing to doubt that for him to oppress the Protestants would be not only suicidal, but, what was worse in his eyes, ridiculous.

He knew, too, that with thirty or forty thousand fighting-men in the field, with seven hundred and forty churches in the various provinces for their places of worship, with all the best fortresses in France in their possession, with leaders like Rohan, Lesdiguieres, Bouillon, and many others, and with the most virtuous, self-denying, Christian government, established and maintained by themselves, it would be madness for him and his dynasty to deny the Protestants their political and religious liberty, or to attempt a crusade against their brethren in the Netherlands.

France was far more powerful than Spain, although the world had not yet recognised the fact. Yet it would have been difficult for both united to crush the new commonwealth, however paradoxical such a proposition seemed to contemporaries.

Sully was conscientiously in favour of peace, and Sully was the one great minister of France. Not a Lerma, certainly; for France was not Spain, nor was Henry IV. a Philip III. The Huguenot duke was an inferior financier to his Spanish contemporary, if it were the height of financial skill for a minister to exhaust the resources of a great kingdom in order to fill his own pocket. Sully certainly did not neglect his own interests, for he had accumulated a fortune of at least seventy thousand dollars a year, besides a cash capital estimated at a million and a half. But while enriching himself, he had wonderfully improved the condition of the royal treasury. He had reformed many abuses and opened many new sources of income. He had, of course, not accomplished the whole Augean task of purification. He was a vigorous Huguenot, but no Hercules, and demigods might have shrunk appalled at the filthy mass of corruption which great European kingdoms everywhere presented to the reformer's eye. Compared to the Spanish Government, that of France might almost have been considered virtuous, yet even there everything was venal.