ter to the Crown. The army in
the Netherlands numbered more than sixty-two thousand men, eight thousand
being Spaniards, the rest Walloons and Germans. Forty millions of dollars
had already been sunk, and it seemed probable that it would require
nearly the whole annual produce of the American mines to sustain the war.
The transatlantic gold and silver, disinterred from the depths where they
had been buried for ages, were employed, not to expand the current of a
healthy, life-giving commerce, but to be melted into blood. The sweat and
the tortures of the King's pagan subjects in the primeval forests of the
New World, were made subsidiary to the extermination of his Netherland
people, and the destruction of an ancient civilization. To this end had
Columbus discovered a hemisphere for Castile and Aragon, and the new
Indies revealed their hidden treasures?

Forty millions of ducats had been spent. Six and a half millions of
arrearages were due to the army, while its current expenses were six
hundred thousand a month. The military expenses alone of the Netherlands
were accordingly more than seven millions of dollars yearly, and the
mines of the New World produced, during the half century of Philip's
reign, an average of only eleven. Against this constantly increasing
deficit, there was not a stiver in the exchequer, nor the means of
raising one. The tenth penny had been long virtually extinct, and was
soon to be formally abolished. Confiscation had ceased to afford a
permanent revenue, and the estates obstinately refused to grant a dollar.
Such was the condition to which the unrelenting tyranny and the financial
experiments of Alva had reduced the country.

It was, therefore, obvious to Requesens that it would be useful at the
moment to hold out hopes of pardon and reconciliation. He saw, what he
had not at first comprehended, and what few bigoted supporters of
absolutism in any age have ever comprehended, that national enthusiasm,
when profound and general, makes a rebellion more expensive to the despot
than to the insurgents. "Before my arrival," wrote the Grand Commander to
his sovereign, "I did not understand how the rebels could maintain such
considerable fleets, while your Majesty could not support a single one.
It appears, however, that men who are fighting for their lives, their
firesides, their property, and their false religion, for their own cause,
in short, are contented to receive rations only, without receiving