On the other, hand, the prosperity of the republic was rapidly increasing.  Notwithstanding the war, which had beer raging for a terrible quarter. of a century without any interruption, population was increasing, property rapidly advancing in value, labour in active demand.  Famine was impossible to a state which commanded the ocean.  No corn grew in Holland and Zeeland, but their ports were the granary of the world.  The fisheries were a mine of wealth almost equal to the famous Potosi, with which the commercial world was then ringing.  Their commerce with the Baltic nations was enormous.  In one month eight hundred vessels left their havens for the eastern ports alone.  There was also no doubt whatever—­and the circumstance was a source of constant complaint and of frequent ineffective legislation—­that the rebellious Provinces were driving a most profitable trade with Spain and the Spanish possessions, in spite of their revolutionary war.  The mines of Peru and Mexico were as fertile for the Hollanders and Zeelanders as for the Spaniards themselves.  The war paid for the war, one hundred large frigates were constantly cruising along the coasts to protect the fast-growing traffic, and an army of twenty thousand foot soldiers and two thousand cavalry were maintained on land.  There were more ships and sailors at that moment in Holland and Zeeland than in the whole kingdom of England.

While the sea-ports were thus rapidly increasing in importance, the towns in the interior were advancing as steadily.  The woollen manufacture, the tapestry, the embroideries of Gelderland, and Friesland, and Overyssel, were becoming as famous as had been those of Tournay, Ypres, Brussels, and Valenciennes.  The emigration from the obedient Provinces and from other countries was very great.  It was difficult to obtain lodgings in the principal cities; new houses, new streets, new towns, were rising every day.  The single Province of Holland furnished regularly, for war-expenses alone, two millions of florins (two hundred thousand pounds) a year, besides frequent extraordinary grants for the same purpose, yet the burthen imposed upon the vigorous young commonwealth seemed only to make it the more elastic.  “The coming generations may see,” says a contemporary historian, “the fortifications erected at that epoch in the cities, the costly and magnificent havens, the docks, the great extension of the cities; for truly the war had become a great benediction to the inhabitants.”  Such a prosperous commonwealth as this was not a prize to be lightly thrown away.  There is no doubt whatever that a large majority of the inhabitants, and of the States by whom the people were represented, ardently and affectionately desired to be annexed to the English crown.  Leicester had become unpopular, but Elizabeth was adored, and there was nothing unreasonable in the desire entertained by the Provinces of retaining their ancient constitutions, and of transferring their allegiance to the English Queen.