The dissimulation of the Spanish court was fathomless. The secret correspondence of the times reveals to us that its only purpose was to deceive the Queen and her counsellors, and to gain time to prepare the grand invasion of England and subjugation of Holland--that double purpose which Philip could only abandon with life. There was never a thought, on his part, of honest negotiation. On the other hand, the Queen was sincere; Burghley and Hatton and Cobham were sincere; Croft was sincere, so far as Spain was concerned. At least they had been sincere. In the private and doleful dialogues between Bodman and Grafigni which we have just been overhearing, these intriguers spoke the truth, for they could have no wish to deceive each other, and no fear of eaves-droppers not to be born till centuries afterwards. These conversations have revealed to us that the Lord Treasurer and three of his colleagues had been secretly doing their best to cripple Leicester, to stop the supplies for the Netherlands, and to patch up a hurried and unsatisfactory, if not a disgraceful peace; and this, with the concurrence of her Majesty. After their plots had been discovered by the vigilant Secretary of State, there was a disposition to discredit the humbler instruments in the cabal. Elizabeth was not desirous of peace. Far from it. She was qualmish at the very suggestion. Dire was her wrath against Bodman, De Loo, Graafigni, and the rest, at their misrepresentations on the subject. But she would "lend her ear." And that royal ear was lent, and almost fatal was the distilment poured into its porches. The pith and marrow of the great Netherland enterprise was sapped by the slow poison of the ill- timed negotiation. The fruit of Drake's splendid triumphs in America was blighted by it. The stout heart of the vainglorious but courageous Leicester was sickened by it, while, meantime, the maturing of the great armada-scheme, by which the destruction of England was to be accomplished, was furthered, through the unlimited procrastination so precious to the heart of Philip.