signed the treaty of Madrid, after having drawn up a secret protest. After Madrid he wavered unceasingly between two courses, either that of continuing hostilities, or the policy favoured by Montmorency of peace and understanding with the emperor. At times he had the sagacity to recognize the utility of alliances, as was shown by those he concluded with the Porte and with the Protestant princes of Germany. But he could never pledge himself frankly in one sense or the other, and this vacillation prevented him from attaining any decisive results. At his death, however, France was in possession of Savoy and Piedmont. In his religious policy Francis showed the same instability. Drawn between various influences, that of Marguerite d'Angouleme, the du Bellays, and the duchesse d'Etampes, who was in favour of the Reformation or at least of toleration, and the contrary influence of the uncompromising Catholics, Duprat, and then Montmorency and de Tournon, he gave pledges successively to both parties. In the first years of the reign, following the counsels of Marguerite, he protected Jacques Lefevre of Etaples and Louis de Berquin, and showed some favour to the new doctrines. But the violence of the Reformers threw him into the arms of the opposite party. The affair of the Placards in 1534 irritated him beyond measure, and determined him to adopt a policy of severity. From that time, in spite of occasional indulgences shown to the Reformers, due to his desire to conciliate the Protestant powers, Francis gave a free hand to the party of repression, of which the most active and most pitiless member was Cardinal de Tournon; and the end of the reign was sullied by the massacre of the Waldenses (1545).