The favourite soon perceived that the war with France pleased neither the Court, the merchants, nor the people. Charles IV had gone to war for the restoration of royalty; but, thanks to the perfidy of Prussia and the vacillations of Austria, that ideal had vanished; and in its place there appeared the spectres of want and bankruptcy. By the end of 1794 the Republicans had gained a firm foothold in Catalonia and Biscay; and the prospect of further campaigns was highly distasteful to a Court which kept up the traditional pomp of the Spanish monarchy. Even when the Spanish forces in Catalonia and Biscay were wellnigh starving, the Court borrowed L160,000 to defray the expenses of the usual migration to San Ildefonso; and the British ambassador computed that the cost of a campaign could be saved by a sojourn in Madrid for the whole year. But parsimony such as this was out of the question. Accordingly the only possible alternatives were, peace with France, an issue of paper money, or a bankruptcy. Godoy inclined strongly to peace, and discovered in Anglophobia a means of betraying the French House of Bourbon. England, so he averred, had entered on the war solely for her own aggrandisement, with the view of appropriating first Dunkirk, then Toulon, and, failing them, Corsica and Hayti, to the manifest detriment of Spain. The argument was specious; for Pitt's resolve to cripple France by colonial conquests necessarily tended to re-awaken the old jealousies of the Spaniards; and herein, as in other respects, the son had to confront difficulties unknown in the days of his father. The task of the elder Pitt was simple compared with that of humouring and spurring on five inert and yet jealous Allies.