This cost Charles VIII Perpignan, Roussillon, and the Cerdagne, which had all been given to Louis XI as a hostage for the sum of 300,000 ducats by John of Aragon; but at the time agreed upon, Louis XI would not give them up for the money, for the old fox knew very well how important were these doors to the Pyrenees, and proposed in case of war to keep them shut. Lastly, by the treaty of Senlis, dated the 23rd of May, 1493, Maximilian granted a gracious pardon to France for the insult her king had offered him. It cost Charles VIII the counties of Burgundy, Artois, Charalais, and the seigniory of Noyers, which had come to him as Margaret’s dowry, and also the towns of Aire, Hesdin, and Bethune, which he promised to deliver up to Philip of Austria on the day he came of age. By dint of all these sacrifices the young king made peace with his neighbours, and could set on foot the enterprise that Ludavico Sforza had proposed. We have already explained that the project came into Sforza’s mind when his plan about the deputation was refused, and that the refusal was due to Piero dei Medici’s desire to make an exhibition of his magnificent jewels, and Gentile’s desire to make his speech. Thus the vanity of a tutor and the pride of his scholar together combined to agitate the civilized world from the Gulf of Tarentum to the Pyrenees. Alexander VI was in the very centre of the impending earthquake, and before Italy had any idea that the earliest shocks were at hand he had profited by the perturbed preoccupation of other people to give the lie to that famous speech we have reported. He created cardinal John Borgia, a nephew, who during the last pontificate had been elected Archbishop of Montreal and Governor of Rome. This promotion caused no discontent, because of John’s antecedents; and Alexander, encouraged by the success of this, promised to Caesar Borgia the archbishopric of Valencia, a benefice he had himself enjoyed before his elevation to the papacy. But here the difficulty arose on the side of the recipient. The young man, full-blooded, with all the vices and natural instincts of a captain of condottieri, had very great trouble in assuming even the appearance of a Churchman’s virtue; but as he knew from his own father’s mouth that the highest secular dignities were reserved for his elder brother, he decided to take what he could get, for fear of getting nothing; but his hatred for Francesco grew stronger, for from henceforth he was doubly his rival, both in love and ambition. Suddenly Alexander beheld the old King Ferdinand returning to his side, and at the very moment when he least expected it. The pope was too clever a politician to accept a reconciliation without finding out the cause of it; he soon learned what plots were hatching at the French court against the kingdom of Naples, and the whole situation was explained. Now it was his turn to impose conditions.