impoverishment of the great nobles and landholders--the result of the long, hideous, senseless massacres called the wars of religion--was to open the way for the labouring classes to acquire a property in the soil. Thus that famous fowl in every pot was to make its appearance, which vulgar tradition ascribes to the bounty of a king who hated everything like popular rights, and loved nothing but his own glory and his own amusement. It was not until the days of his grandchildren and great- grandchildren that Privilege could renew those horrible outrages on the People, which were to be avenged by a dread series of wars, massacres, and crimes, compared to which even the religious conflicts of the sixteenth century grow pale. Meantime De Bethune comforted his master with these financial plans, and assured him in the spirit of prophecy that the King of Spain, now tottering as it was thought to his grave, would soon be glad to make a favourable peace with France even if he felt obliged to restore not only Amiens but every other city or stronghold that he had ever conquered in that kingdom. Time would soon show whether this prediction were correct or delusive; but while the secret negotiations between Henry and the Pope were vigorously proceeding for that peace with Spain which the world in general and the commonwealth of the Netherlands in particular thought to be farthest from the warlike king's wishes, it was necessary to set about the siege of Amiens. Henry assembled a force of some twelve or fifteen thousand men for that purpose, while the cardinal-archduke, upon his part, did his best to put an army in the field in order to relieve the threatened city so recently acquired by a coarse but successful artifice. But Albert was in even a worse plight than that in which his great antagonist found himself. When he had first arrived in the provinces, his exchequer was overflowing, and he was even supposed to devote a considerable portion of the military funds to defray the expenses of his magnificent housekeeping at Brussels. But those halcyon days were over. A gigantic fraud, just perpetrated by Philip; had descended like a thunderbolt upon the provinces and upon all commercial Europe, and had utterly blasted the unfortunate viceroy. In the latter days of the preceding year the king had issued a general repudiation of his debts. He did it solemnly, too, and with great religious unction, for it was a peculiarity of this remarkable sovereign that he was ever wont to accomplish his darkest crimes, whether murders or stratagems, as if they were acts of virtue. Perhaps he really believed them to be such, for a man, before whom so many millions of his fellow worms had been writhing for half a century in the dust, might well imagine himself a deity.