Henry assembled a force of some twelve or fifteen thousand men for that purpose, while the cardinal-archduke, upon his part, did his best to put an army in the field in order to relieve the threatened city so recently acquired by a coarse but successful artifice.

But Albert was in even a worse plight than that in which his great antagonist found himself.  When he had first arrived in the provinces, his exchequer was overflowing, and he was even supposed to devote a considerable portion of the military funds to defray the expenses of his magnificent housekeeping at Brussels.  But those halcyon days were over.  A gigantic fraud, just perpetrated by Philip; had descended like a thunderbolt upon the provinces and upon all commercial Europe, and had utterly blasted the unfortunate viceroy.  In the latter days of the preceding year the king had issued a general repudiation of his debts.

He did it solemnly, too, and with great religious unction, for it was a peculiarity of this remarkable sovereign that he was ever wont to accomplish his darkest crimes, whether murders or stratagems, as if they were acts of virtue.  Perhaps he really believed them to be such, for a man, before whom so many millions of his fellow worms had been writhing for half a century in the dust, might well imagine himself a deity.

So the king, on the 20th November, 1596, had publicly revoked all the assignments, mortgages, and other deeds by which the royal domains; revenues, taxes, and other public property had been transferred or pledged for moneys already advanced to merchants, banker, and other companies or individuals, and formally took them again into his own possession, on the ground that his exertions in carrying on this long war to save Christianity from destruction had reduced him to beggary, while the money-lenders, by charging him exorbitant interest, had all grown rich at his expense.

This was perfectly simple.  There was no attempt to disguise the villany of the transaction.  The massacre of so many millions of Protestants, the gigantic but puerile attempts to subjugate the Dutch republic, and to annex France, England, and the German empire to his hereditary dominions, had been attended with more expense than Philip had calculated upon.  The enormous wealth which a long series of marriages, inheritances, conquests, and maritime discoveries had heaped upon Spain had been exhausted by the insane ambition of the king to exterminate heresy throughout the world, and to make himself the sovereign of one undivided, universal, catholic monarchy.  All the gold and silver of America had not sufficed for this purpose, and he had seen, with an ever rising indignation, those very precious metals which, in his ignorance of the laws of trade, he considered his exclusive property flowing speedily into the coffers of the merchants of Europe, especially those of the hated commonwealth of the rebellious Netherlands.

Therefore he solemnly renounced all his contracts, and took God to witness that it was to serve His Divine will.  How else could he hope to continue his massacre of the Protestants?