Under the reign of Charles IV. the whole machine of government was falling to decay. The navy which Charles III. left more formidable than it had ever been since the time of the Armada, was almost annihilated. The army was in the worst state of indiscipline and disorder; the finances were exhausted, and public credit at the lowest ebb: foreign commerce had been destroyed by the war with England; and France, meantime, insatiable in its demands upon a helpless ally, continued to exact fresh sacrifices of men and treasure. ♦GODOY NOT CORRUPTED BY FRANCE.♦ It has been loudly asserted that Godoy was corrupted by the French government; any thing was believed of one so profligate and so odious, as if because he would have scrupled at no wickedness, he was in like manner capable of any folly. But with what was France to purchase the services of one whose greediest desires were gratified? If Godoy had not felt and thought like his sovereign, he could not so entirely have obtained his confidence; now the disposition of the King could not be doubtful. Charles had been compelled to abandon the coalition, and ally himself with France, but he acted from his heart when he entered into that coalition, not when he withdrew from it. For the example of the French revolution could not but be regarded with fear by all crowned heads, and especially by those who were conscious that the state of their own kingdoms cried aloud for reform; and even when the frenzy fit of that revolution subsided, and anarchy in natural progress had ended in military despotism, it was not possible that princes who reigned by hereditary right should behold without secret apprehensions the establishment of a new dynasty upon an ancient throne. ♦DISPOSITION TO JOIN WITH THE ALLIES BEFORE THE PEACE OF TILSIT.♦ At the first gleam of hope the court of Spain ventured to indicate its disposition: when Prussia began that war which the peace of Tilsit terminated, a rash proclamation was issued at Madrid, exhorting the nation not to be dismayed, for it yet possessed great resources, and a powerful armament was about to be formed. ♦DE PRADT. MEMOIRES SUR LA REVOLUTION D’ESPAGNE, P. 15.♦ This proclamation Buonaparte received upon the field of battle at Jena, and from that hour, as he afterwards declared, swore in his heart that the Spaniards should dearly abide it. That deep determination was, however, carefully dissembled. The French embassador presented a strong remonstrance upon the occasion, in reply to which, Godoy made the sorry excuse that the preparations were intended against an apprehended attack from the Emperor of Morocco. Shallow as this pretence was, it was allowed to pass, and no other immediate consequence ensued. ♦THE PRINCE OF ASTURIAS INIMICAL TO GODOY.♦