[[6]] Amongst other devices at this period, Olivares in the King's name appropriated one-third of all the household plate and manufactured silver in private hands, and ordered each member of the Councils of the Indies and Castile to provide each month 200 ducats in silver to be exchanged (for depreciated copper) at the exchange of 25 per cent., the current rate being 38. A young Irish student at the Escoria came and said that he had discovered how to convert a mark of silver and a mark of copper into two marks of pure silver. Olivares accepted the youth's offer to demonstrate his discovery at the palace before experts, but after two attempts he ignominiously failed and was imprisoned.
[[7]] As may be imagined, Father Salazar's invention produced a perfect torrent of satires, and the Jesuit himself was sternly reproved by his ecclesiastical superiors for busying himself in financial affairs. So bitter was the feeling against him, that he was forced to leave the Society. Amongst other rumours about him was that he had devised a government monopoly of drinking water. In the ensuing Lent the pulpits of Madrid rang in denunciation of Father Salazar; and at the carnival a masker dressed as a peasant bore a banner inscribed—
Sisas alcabalas y papel sellado,
Me tienen desollado.
With food excise and tax on all I sell.
And now with paper stamps, you've flayed me well.
The unfortunate masker had to fly to hiding to escape the wrath of Olivares.
[[8]] Thirty-four maravedis at the normal value would be equal to 2½d.
[[9]] An azumbre is ancient liquid measure of about 2 quarts.
[[10]] A Castilian fanega of grain is 1½ bushel.
[[11]] This is the silver real, then worth 6d.
[[12]] Record Office, S.P. Spain MSS. 39.