with his own courage he had accomplished the
great exploit. Philip had only, recommended delay in event of a general
peace in France--Huguenots, Royalists, Leaguers, and all. This had not
happened. "Therefore, I trust," said the King; "that you--perceiving that
this is not contingency number three which was to justify a pause--will
have already executed the enterprise, and fulfilled my desire. I am
confident that the deed is done, and that God has blessed it, and I am
now expecting the news from hour to hour."

But Alexander had not yet arrived in England. The preliminaries for the
conquest caused him more perplexity than the whole enterprise occasioned
to Philip. He was very short of funds. The five millions were not to be
touched, except for the expenses of the invasion. But as England was to
be subjugated, in order that rebellious Holland might be recovered, it
was hardly reasonable to go away leaving such inadequate forces in the
Netherlands as to ensure not only independence to the new republic, but
to hold out temptation for revolt to the obedient Provinces. Yet this was
the dilemma in which the Duke was placed. So much money had been set
aside for the grand project that there was scarcely anything for the
regular military business. The customary supplies had not been sent.
Parma had leave to draw for six hundred thousand ducats, and he was able
to get that draft discounted on the Antwerp Exchange by consenting to
receive five hundred thousand, or sacrificing sixteen per cent. of the
sum. A good number of transports, and scows had been collected, but there
had been a deficiency of money for their proper equipment, as the five
millions had been very slow in coming, and were still upon the road. The
whole enterprise was on the point of being sacrificed, according to
Farnese, for want of funds. The time for doing the deed had arrived, and
he declared himself incapacitated by poverty. He expressed his disgust
and resentment in language more energetic than courtly; and protested
that he was not to blame. "I always thought," said he bitterly, "that
your Majesty would provide all that was necessary even in superfluity,
and not limit me beneath the ordinary. I did not suppose, when it was
most important to have ready money, that I should be kept short, and not
allowed to draw certain sums by anticipation, which I should have done
had you not forbidden."

This was, through life, a striking characteristic of Philip. Enormo