"Yes, indeed," said Secretary Davison, "it would be difficult to exaggerate the enormous expense which her Majesty must encounter this year for defending and liberating her own kingdoms against the King of Spain. That monarch is making great naval preparations, and is treating all Englishmen in the most hostile manner. We are on the brink of declared war with Spain, with the French King, who is arresting all English persons and property within his kingdom, and with Scotland, all which countries are understood to have made a league together on account of the Queen of Scotland, whom it will be absolutely necessary to put to death in order to preserve the life of her Majesty, and are about to make war upon England. This matter then will cost us, the current year, at least eight hundred thousand pounds sterling. Nevertheless her Majesty is sure to assist you so far as her means allow; and I, for my part, will do my best to keep her Majesty well disposed to your cause, even as I have ever done, as you well know." Thus spoke poor Davison, but a few days before the fatal 8th of February, little dreaming that the day for his influencing the disposition of her Majesty would soon be gone, and that he was himself to be crushed for ever by the blow which was about to destroy the captive Queen. The political combinations resulting from the tragedy were not to be exactly as he foretold, but there is little doubt that in him the Netherlands, and Leicester, and the Queen of England, were to lose an honest, diligent, and faithful friend. "Well, gentlemen," said the Lord-Treasurer, after a few more questions concerning the financial abilities of the States had been asked and answered, "it is getting late into the evening, and time for you all to get back to London. Let me request you, as soon as may be, to draw up some articles in writing, to which we will respond immediately."