A few minutes after the bill which established the Bank of England had received the royal assent, the Parliament was prorogued by the King with a speech in which he warmly thanked the Commons for their liberality.  Montague was immediately rewarded for his services with the place of Chancellor of the Exchequer.528

Shrewsbury had a few weeks before consented to accept the seals.  He had held out resolutely from November to March.  While he was trying to find excuses which might satisfy his political friends, Sir James Montgomery visited him.  Montgomery was now the most miserable of human beings.  Having borne a great part in a great Revolution, having been charged with the august office of presenting the Crown of Scotland to the Sovereigns whom the Estates had chosen, having domineered without a rival, during several months, in the Parliament at Edinburgh, having seen before him in near prospect the seals of Secretary, the coronet of an Earl, ample wealth, supreme power, he had on a sudden sunk into obscurity and abject penury.  His fine parts still remained; and he was therefore used by the Jacobites; but, though used, he was despised, distrusted and starved.  He passed his life in wandering from England to France and from France back to England, without finding a resting place in either country.  Sometimes he waited in the antechamber at Saint Germains, where the priests scowled at him as a Calvinist, and where even the Protestant Jacobites cautioned one another in whispers against the old Republican.  Sometimes he lay hid in the garrets of London, imagining that every footstep which he heard on the stairs was that of a bailiff with a writ, or that of a King’s messenger with a warrant.  He now obtained access to Shrewsbury, and ventured to talk as a Jacobite to a brother Jacobite.  Shrewsbury, who was not at all inclined to put his estate and his neck in the power of a man whom he knew to be both rash and perfidious, returned very guarded answers.  Through some channel which is not known to us, William obtained full intelligence of what had passed on this occasion.  He sent for Shrewsbury, and again spoke earnestly about the secretaryship.  Shrewsbury again excused himself.  His health, he said, was bad.  “That,” said William, “is not your only reason.”  “No, Sir,” said Shrewsbury, “it is not.”  And he began to speak of public grievances, and alluded to the fate of the Triennial Bill, which he had himself introduced.  But William cut him short.  “There is another reason behind.  When did you see Montgomery last?” Shrewsbury was thunderstruck.  The King proceeded to repeat some things which Montgomery had said.  By this time Shrewsbury had recovered from his dismay, and had recollected that, in the conversation which had been so accurately reported to the government, he had fortunately uttered no treason, though he had heard much.  “Sir,” said he, “since Your Majesty has been so correctly informed, you must be aware that I gave no encouragement to that man’s