Gortz at liberty was an implacable enemy, for besides his other aims
he now sought vengeance. He went post-haste to the Czar, who was
now better pleased with him than ever, for he undertook to remove in
less than three months all obstacles to a peace with Sweden. He took
up a map which the Czar had drawn himself, and, drawing a line from
Wibourg, by Lake Ladoga, up to the frozen ocean, promised to bring his
master to part with all that lay east of that line, besides Carelia,
Ingria, and Livonia. Then he mentioned the marriage of the Czar’s
daughter to the Duke of Holstein, holding out hopes that the Duke would
readily give his country instead, and if once he became a member of
the Empire the Imperial crown would, of course, come to him or some of
his descendants. The Czar named the isle of Aland for the conferences
between Osterman and Gortz; he asked the English Duke of Ormond to
withdraw lest the English Court should take alarm. But D’Irnegan, his
confidant, remained in the town with many precautions, for he only went
out at night and never saw the Czar’s ministers but in the disguise of
either a peasant or a Tartar.
As soon as the Duke of Ormond went, the Czar impressed upon the King
his courtesy in having sent away the chief partisan of the Pretender,
and Baron Gortz returned to Sweden with great hopes of success.
He found his master at the head of 30,000 troops with all the coast
guarded by militia. The King needed nothing but money, but he had no
credit at home or abroad. France, under the Duke of Orleans, would give
him none. He was promised money from Spain, but that country was not
yet in a position to support him.
Baron Gortz then tried a project he had tried before. He gave copper
the same value as silver, so that a copper coin whose intrinsic value
was a halfpenny might, with the royal mark, pass for thirty or forty
pence, just as the governors of besieged towns have sometimes paid
their soldiers with leather money till they could get better. Such
expedients may be useful in a free country, and have often been the
salvation of a republic, but they are sure to ruin a monarchy, for the
people quickly lose confidence, the minister is unable to keep faith,
the money paper increases, individuals bury their specie, and the
whole plan fails, often with disastrous results. This was the case in
Sweden. Baron Gortz had paid out his new coin with discretion, but was
soon carried beyond what he had intended by forces he could not check.
Everything became excessively dear, so that he was obliged to multiply
his copper coin. The more there was of it the less was its value.
Sweden was inundated with this false money, and one and all complained
of Gortz. So great was the veneration of the people for Charles that
they could not hate him, so the weight of their displeasure fell on the
minister who, as a foreigner and financier, was sure to suffer their
opprobrium.