Magic Locker Sectory 08
Page 11

While we may admit advances and gains in certain isolated directions, the extra burden is felt in all directions of commerce and industry. And that extra burden is visible through finance--the increased cost of money, the scarcity of capital, the lower negotiability of securities, the greater uncertainty concerning the future. It is by means of the financial reaction that America, as a whole, has felt the adverse effects of this war. There is not a considerable village, much less a considerable city, not a merchant, not a captain of industry in the United States that has not so felt it. It is plainly evident that by the progressive dearness of money, the lower standard of living that will result in Europe, the effect on immigration, and other processes which I will touch upon at greater length later, any temporary stimulus which a trade here and there may receive will be more than offset by the difficulties due to financial as apart from industrial or commercial reactions.

The plot, as Oates invented and detailed it, was on the most magnificent scale imaginable. The pope himself was at the head of it. The pope, he said, had laid the subject before a society of learned theologians at Rome, and they had decided that in such a case as that of England, where the sovereign and a majority of the people had renounced the true religion, and given themselves up to avowed and open heresy, the monarch lost all title to his crown, and the realms thus fallen from the faith lapsed to the pope, and were to be reclaimed by him by any mode which it seemed to him expedient to adopt. Under these circumstances, the pope had assumed the sovereignty over England, and had commissioned the society of the Jesuits--a very powerful religious society, extending over most of the countries of Europe--to take possession of the realm; that, in the prosecution of this plan, the king was to be assassinated, and that a very large sum of money had been raised and set apart, to be paid to any person who would kill the king; that an offer of ten thousand pounds had been made to the queen's physician if he would poison him. The physician had insisted upon fifteen thousand for so great a service, and this demand had finally been acceded to; and five thousand had actually been paid him in advance. Besides the murder of the king, a general assassination of the Protestants was to take place. There were twenty thousand Catholics in London, for instance, who, according to Oates's account of the plan, were to rise on a preconcerted night, and each one was to kill five Protestants, which it was thought they could easily do, as the Protestants would be taken wholly by surprise, and would be unarmed. The revolution being thus effected, the crown was to be offered to Charles's brother, the Duke of York, as a gift from the pope, and, if he should refuse to accept it on such conditions as the pope might see fit to impose, he was himself to be immediately assassinated, and some other disposal to be made of the kingdom.

As to secrecy; princes are not bound to communicate all matters, with all counsellors; but may extract and select. Neither is it necessary, that he that consulteth what he should do, should declare what he will do. But let princes beware, that the unsecreting of their affairs, comes not from themselves. And as for cabinet counsels, it may be their motto, plenus rimarum sum: one futile person, that maketh it his glory to tell, will do more hurt than many, that know it their duty to conceal. It is true there be some affairs, which require extreme secrecy, which will hardly go beyond one or two persons, besides the king: neither are those counsels unprosperous; for, besides the secrecy, they conunonly go on constantly, in one spirit of direction, without distraction. But then it must be a prudent king, such as is able to grind with a handmill; and those inward counsellors had need also be wise men, and especially true and trusty to the king's ends; as it was with King Henry the Seventh of England, who, in his great business, imparted himself to none, except it were to Morton and Fox.

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