Even the region of the Meuse was affected. It possessed mineral resources besides great hydraulic power in its rapid streams. At the beginning of the reign of Charles V, a great number of forges and blast furnaces heated with wood were installed in Namurois. According to Guicciardini "there was a constant hammering, forging, smelting and tempering in so many furnaces, among so many flames, sparks and so much smoke, that it seemed as if one were in the glowing forges of Vulcan." Such a description must not be taken too literally, and the beginnings of the metal industry in the Southern provinces were very modest indeed, compared with present conditions. But, even then, a sharp distinction was drawn between the employers, usually some rich bourgeois of the town, who had the means to set up these embryo factories, and the rural population employed to work them. While these new conditions were developing, the corporations of Dinant, which had for a long time monopolized the copper industry, were fast disappearing, partly owing to the difficulty of obtaining the raw material from the mines of Moresnet, but chiefly owing to the protectionist spirit of the Guilds, which would not adapt themselves to modern needs. At the same period, the coal industry was growing in importance in the Liege district, the use of coal being extended from domestic consumption to the metal industry. By the end of the sixteenth century, all the superficial seams which could be worked by means of inclined planes were practically exhausted, and it was found necessary to resort to blasting and to sink pits, in order to reach the lower strata. The bourgeois of Liege furnished the necessary funds for this innovation, which they were the first in Europe to undertake, so that the new industry soon acquired the same capitalistic character which we have noticed in the metal industry, tapestry and textiles. [_RURAL CONDITIONS_] Though the condition of the peasantry was very prosperous and agricultural methods had improved, the increase of large properties, due to the investment in land of the money acquired by trade and industry, favoured the development of a large class of agricultural labourers, whose situation contrasted unfavourably with that of the large tenant and the smaller farmer.