But abject though these stipulations were, complete as was the submission of Denmark to the League which they implied, Waldemar signed them within the appointed time. He saw that he was defeated, friendless, and alone. In vain had he scoured the mainland, and recounted his woes to all who would listen, in vain had he begged or bribed for help against his enemies. He had made himself too much hated, and even those who promised aid failed at the last to keep their word. With the signature of peace Waldemar also signed away his position, nay, perhaps his life. Broken in hope and spirits, his health gave way. Four years later (1375) he died, after he had just appealed in vain to the towns to restore to him his castles in Scania. With the peace of Stralsund the German merchants had established the supremacy of the Hansa over Scandinavia, and laid the foundation for that power over the northern kingdom, which, in the words of King Gustavus Vasa, places "the three good crowns at the mercy of the Hansa." Thus ended the Hansa's great war against the King of Denmark--a war that marks an important era in its history and development. The League henceforth took a changed position, not only in its own fatherland, but in the face of all Europe, for nothing succeeds like success. Flanders, France, and England, had all to recognize that a new power had arisen in the north of Germany. For the war had proved, not only how valiantly the League could fight if need arose, but also how well organized it was; how it held together for the common weal; how it would be not only unwise, but dangerous to resist its demands for trade privileges and concessions. A curious juxtaposition of events was afforded by this chapter of history; a German emperor was busy in the interests of Rome, striving to bring back the Pope from his long exile at Avignon, and obtaining dubious victories over the great Italian family of the Visconti; while meantime a league of cities in his own empire was carrying on a successful war against the kings of the north, dethroning and defeating them. And so far from raising a hand to aid them, the emperor, on paper, at least, and by word and protestation, was taking part with Waldemar against his own subjects. A curious, a unique condition of things truly. And herewith we have brought the history of our League to the close of what is known as its first period, dating from its origin to the peace concluded with Denmark. FOOTNOTES: [6] Some writers reckon Waldemar as the fourth of his name, counting as the third Waldemar the impostor, who for some years ruled over the land under that name. I have preferred to follow the more generally adopted reckoning.--H. Z. [7] "Ante portas Wisby in manibus Danorum ceciderunt Gutenses." PERIOD II. _THE HISTORY OF THE HANSEATIC LEAGUE, FROM 1370 TO THE PUBLIC PEACE OF 1495, DECREED IN GERMANY BY MAXIMILIAN I._ I. LÜBECK RECEIVES AN IMPERIAL VISITOR.