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been spared the horrible fate which had befallen large portions of Germany, France, Britain, and other barbarous northern nations. It was conscientiously and thankfully believed in Spain, two centuries ago, that the state had been saved from political and moral ruin by that admirable machine which detected heretics with unerring accuracy, burned them when detected, and consigned their descendants to political incapacity and social infamy to the remotest generation. As the awful consequences of religious freedom, men pointed with a shudder to the condition of nations already speeding on the road to ruin, from which the two peninsulas at least had been saved. Yet the British empire, with the American republic still an embryo in its bosom, France, North Germany, and other great powers, had hardly then begun their headlong career. Whether the road of religious liberty was leading exactly to political ruin, the coming centuries were to judge. Enough has been said in former chapters for the characterization of Philip II. and his polity. But there had now been nearly ten years of another reign. The system, inaugurated by Charles and perfected by his son, had reached its last expression under Philip III. The evil done by father and son lived and bore plentiful fruit in the epoch of the grandson. And this is inevitable in history. No generation is long-lived enough to reap the harvest, whether of good or evil, which it sows. Philip II. had been indefatigable in evil, a thorough believer in his supernatural mission as despot, not entirely without capacity for affairs, personally absorbed by the routine of his bureau. He was a king, as he understood the meaning of the kingly office. His policy was continued after his death; but there was no longer a king. That important regulator to the governmental machinery was wanting. How its place was supplied will soon appear. Meantime the organic functions were performed very much in the old way. There was, at least, no lack of priests or courtiers. Spain at this epoch had probably less than twelve millions of inhabitants, although the statistics of those days cannot be relied upon with accuracy. The whole revenue of the state was nominally sixteen or seventeen millions of dollars, but the greater portion of that income was pledged for many coming years to the merchants of Genoa. All the little royal devices for increasing the budget by debasing the coin of the realm, by issu
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