"This great ship," he wrote, meaning of course Spain, "contains much
water (_i.e._ money), but many leaks, and is always dry. It is certain
that they have made loans this year for 13 millions (of ducats), and
are still treating of more, yet at the end of the year they will
neither have money in their purse, nor army paid, nor nobody contented;
which is to be attributed to the hard terms wherewith they do their
business. For being masters of the mines of gold and silver, and
withal having but few friends, nobody will serve them but for their
interests: and their own subjects are so well conceited of themselves,
as they think they cannot be paid enough."[14] "In their present
levies," he continues, "though they are sorry men, they give them 3
reales a day, which is 18 pence English, and yet have all they can do
to keep them from running away. Subjects are fearfully hardly pressed.
The hard usage of business men in the Indian trade has made concealment
general, which has greatly reduced the {278} revenue of the crown.
Great measures were taken to discover unregistered treasure in the last
fleet, and they found 600,000 ducats, and will yet find more. But this
again will stop trade."
[Sidenote: Approach of war]
Everything possible was done by Olivares to please the English at this
juncture. The prisoners of the Inquisition at Cadiz were released,
Hopton was made much of, King Charles was the most popular potentate
amongst the idlers of Madrid; whilst the French ambassador, stoned and
insulted in the streets, was fain to take refuge in a monastery twelve
miles away to avoid scandal. "They want our friendship now," wrote
Hopton, "and we may make our market." The English ambassador had his
head quite turned by so much attention, and, to the anger of King
Charles, was drawn by the superior diplomacy of Olivares into going
beyond his instructions in his promises to the Spaniards. The King of
England had been bitten too often by Spanish plausibility not to be
distrustful; and Windebank's letter to Hopton, in May 1634, was almost
violent in its scolding. Hopton had gone so far as to say that the
English had decided to put a powerful army in the field to punish the
insolence of the Dutch, whereas King Charles had only broached it as a
proposition, and Nicolalde in the meanwhile was pledging the Spaniards
to nothing. When Olivares was pressed for guarantees in return for the
English aid he craved, the usual story was told; and by the middle of
July Hopton wrote to Windebank--
"_The_ business, as I expected when I saw them {279} haggling, has come
to naught. They only want to keep us neutral; and the affair is at an
end. I am not sorry, unless the Palatine might be made secure. When I
said they would oblige the gratefullest prince living, Olivares
replied: 'No hay gratitud entre Reyes' (There is no gratitude between
kings)."[15]