"I would pay it back," was Frederik Hendrik's quick response, "assuming it became necessary to use the funds at all."
"Granted," Franz Kunze gave Frederik Hendrik a respectful nod. "Miss Wendell, the daughter of Herr Wendell here," Franz indicated Fletcher, "had the excellent notion of seeing if things could be settled peacefully through negotiations. When we had the notion of moving the bank, Don Fernando offered Brussels as a possible site. I don't expect you to agree to it, nor do I believe that Don Fernando does. It was an opening bid. The question now is: what is your counter offer?"
Frederik Hendrik sat quietly for a moment. "I see," he finally answered. "I must have some time to consider. Perhaps you will attend me tomorrow?"
As the party left his reception room, Frederik Hendrik motioned for Rebecca to stay behind. When he was sure that no one could overhear his remarks, he turned to Rebecca, with a grin on his face. "That went quite well, I think. What do you think, Rebecca?"
"It went moderately well, yes." Rebecca responded with her own grin. "What will you tell them at tomorrow's meeting?"
"The truth, Rebecca. And the truth is that I will not allow the Wisselbank to be moved to Brussels. Whatever they may say, or even believe, that would be too much of a temptation for Philip, and I cannot trust that Don Fernando will not comply with his wishes. I will suggest Groningen, I think. We won't get an agreement for that, and it's a stupid place to put the Wisselbank, anyway. Still it may encourage my young opponent to make a serious offer."
Frederik Hendrik smiled thoughtfully. "It will do us no harm, in the long run, for Don Fernando to realize that his word is not in question. I do not question his word, myself, even. But, as long he is under his brother's orders and cannot guarantee his brother's actions, any agreement we make with him might be overridden."
"Just how good a point does Frederik Hendrik have about King Philip and Olivares?" Fletcher asked Don Alfredo, when the servants had left the room.
Don Alfredo hesitated. "His Majesty came to the throne when he was very young, just sixteen. His advisors felt that at such a young age he was not ready to assume the duties of the king of Spain." Don Alfredo looked around at his companions, but they were nodding in agreement. "Olivares is an honest man and was chosen to run things until the king came of age. Olivares did, in fact, do a great deal to remove corruption from the court.
"However," he continued, "Philip wasn't encouraged to study or prepare to take on his royal duties. Instead, he was encouraged to enjoy the privileges of his birth. His Majesty is now twenty-eight years old, but Olivares is still mostly running things."
"Sounds like what I've heard," Fletcher agreed. "How are relations between Don Fernando and Philip?"
"Not good," Don Alfredo conceded. "Olivares has encouraged, shall we say, a certain, ah . . . distrust. Don Fernando is generally sent to posts as far from Castile as Olivares can manage. Don Fernando and his brother have never been allowed to become close."
"All of which means that Frederik Hendrik has an excellent point," Prince Karl said.
Franz Kunze nodded his agreement. "Olivares will want the silver and not just because it's a lot of money. He will want it because he won't want Don Fernando to have it. For that matter, the credit rating and popularity that Don Fernando will get out of this if everything goes well will likely give Olivares pause. It's likely to become a test of loyalty."
"Test of loyalty?" David asked, confused. "How could it be a test of loyalty?"
"Perhaps, a surety of loyalty," Karl explained. "Try to look at this situation from Philip's point of view, or the point of view of Olivares. Here is Don Fernando, a successful general and competent administrator. Why should he not want the throne? To turn the silver over weakens Don Fernando and strengthens the king. If they demand the silver and Don Fernando refuses them, they will take it to mean that he is no longer loyal. Even if he's loyal at the moment, they will feel that that could change as Don Fernando falls under the influence of others. Olivares, and Phillip, for that matter, will feel that the only sure safety is to keep Don Fernando weak."
Karl grinned as some of the delegation members looked at him in horror. "Actually, no, my family is not like that, not at all. I have seen this, though, in the court of Ferdinand, in Austria. Anyway, Olivares and Phillip will start with the presumption that Don Fernando is disloyal and look at every thing he does in that light. Anything Don Fernando does that makes him stronger or more popular will be seen as a step toward taking the throne. Putting the bank in Brussels is going to make them almost as nervous as it makes Frederik Hendrik. They will feel that they must get the silver out of there—partly to get the silver, true, but to keep Don Fernando weak as well."