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It was the "comptroller's peace;", as Walsingham contemptuously designated the attempted treaty; for it will be recollected that Sir James Croft, a personage of very mediocre abilities, had always been more busy than any other English politician in these transactions. He acted; however, on the inspiration of Burghley, who drew his own from the fountainhead.

Under the plan of settlement the outstanding Franco-Belgian bonds and most of the other debt items were redeemed at fifty per cent of their face value, the Improvement Company's claim at ninety per cent, the deferred debts and comptroller's certificates at ten per cent, and the remaining claims at rates varying from ten to forty per cent.

So we parted and left them three at home with my wife going to cards, and I to my office and there staid late. Sir W. Pen came like a cunning rogue to sit and talk with me about office business and freely about the Comptroller's business of the office, to which I did give him free answers and let him make the best of them.

It was, nevertheless, that sort of thing that lent the inspiration which in the end made the old Bend go. It was when, in the midst of the discussion, they showed me a check for three cents, hung up and framed in the Comptroller's office as a kind of red-tape joss for the clerks to kow-tow to, I suppose. They were part of the system it glorified.

To the Comptroller's, and with him by coach to White Hall; in our way meeting Venner and Pritchard upon a sledge, who with two more Fifth Monarchy men were hanged to-day, and the two first drawn and quartered.