The present writer has, however, some reason to question the accuracy of the tradition of a Rothschild secretly watching the great battle. The account that Baron Lionel's friends generally gave is as follows. During the great Corsican's usurpation of the First Magistrateship in the French State, the lawful possessor of the Throne, Louis XVIII. was living in retirement in Belgium.[15] The Rothschilds, on the early morrow of the decisive battle, sent a courier to the King's villa near Ghent, to gather from the reception of the news by His Majesty how the fortune of the day had gone. The King's sitting room was on the ground floor with windows looking on the garden. In that enclosure the Rothschild emissary took up his station, so that, himself unseen, he could observe what passed on the other side of the windows. Presently a rider, fresh from his horse, still booted, spurred, and mud splashed, entered the chamber, made a low obeisance to its dethroned occupant, who, on his part, graciously extended his fingers which the messenger gently touched with his lips. Hence the outside spectator inferred Napoleon's defeat, and proceeded at once to his principals in London. As an English financier this is the Rothschild who popularized foreign stocks and loans in this country by causing the interest and dividends to be paid in London, instead of, as heretofore, abroad. Four years after Waterloo, he first identified himself closely with the English Government by undertaking a loan of twelve millions. His profit on the transaction was one hundred and fifty thousand pounds. With this sum he bought Gunnersbury, formerly the home of Amelia, aunt of George III., which had since passed into the hands of a private citizen named Copland. The Rothschilds naturally and honourably took their place among the lords of the soil in their adopted country. He who is now spoken of encountered, perhaps provoked, much opposition from rival financiers, and more than once measured swords with the Bank of England which had hesitated about technicalities of discount. Shortly after this the New Court potentate called at the Bank bringing with him a sum of twenty-one thousand pounds in £5 notes,[16] each deposited in a separate bag. Seven hours were occupied in changing this paper into gold. For the time the general business of the establishment was arrested. The strategy succeeded completely. The next day it was announced that in future the Rothschild bills would be taken as the Banks'.