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From the most early times till the reign of Edward III., the denomination of money had never been altered; a pound sterling was still a pound troy; that is, about three pounds of our present money. That conqueror was the first that innovated in this important article. In the twentieth of his reign, he coined twenty-two shillings from a pound troy; in his twenty-seventh year, he coined twenty-five shillings. But Henry V., who was also a conqueror, raised still farther the denomination, and counted thirty shillings from a pound troy:[****] his revenue therefore must have been about one hundred and ten thousand pounds of our present money; and by the cheapness of provisions, was equivalent to above three hundred and thirty thousand pounds.
* Rymer, vol. x. p. 114.
** Liv. iv. chap. 86.
*** Rymer, vol. x. p. 113.
**** Fleetwood’s Chronicon Preciosum, p. 52
None of the princes of the house of Lancaster ventured to impose taxes without consent of parliament: their doubtful or bad title became so far of advantage to the constitution. The rule was then fixed, and could not safely be broken afterwards, even by more absolute princes.
1422.
During the reigns of the Lancastrian princes, the authority of parliament seems to have been more confirmed, and the privileges of the people more regarded, than during any former period; and the two preceding kings, though men of great spirit and abilities, abstained from such exertions of prerogative, as even weak princes, whose title was undisputed, were tempted to think they might venture upon with impunity. The long minority, of which there was now the prospect, encouraged still further the lords and commons to extend their influence; and without paying much regard to the verbal destination of Henry V., they assumed the power of giving a new arrangement to the whole administration. They declined altogether the name of “Regent” with regard to England: they appointed the duke of Bedford “protector” or “guardian” of that kingdom, a title which they supposed to imply less authority: they invested the duke of Glocester with the same dignity during the absence of his elder brother;[*] and in order to limit the power of both these princes, they appointed a council, without whose advice and approbation no measure of importance could be determined.[**] The person and education of the infant prince were committed to Henry Beaufort, bishop of Winchester, his great uncle, and the legitimated son of John of Gaunt, duke of Lancaster; a prelate who, as his family could never have any pretensions to the crown, might safely, they thought, be intrusted with that important charge.[***]
* Rymer, vol. x. p. 261. Cotton, p. 564.
** Cotton, p. 564.
*** Hall, fol. 83. Monstrelet, vol. ii. p. 27.
The two princes, the dukes of Bedford and Glocester, who seemed injured by this plan of government, yet, being persons of great integrity and honor, acquiesced in any appointment which tended to give security to the public; and as the wars in France appeared to be the object of greatest moment, they avoided every dispute which might throw an obstacle in the way of foreign conquests.
When the state of affairs between the English and French kings was considered with a superficial eye, every advantage seemed to be on the side of the former; and the total expulsion of Charles appeared to be an event which might naturally be expected from the superior power of his competitor. Though Henry was yet in his infancy, the administration was devolved on the duke of Bedford, the most accomplished prince of his age; whose experience, prudence, valor, and generosity qualified him for his high office, and enabled him both to maintain union among his friends, and to gain the confidence of his enemies. The whole power of England was at his command; he was at the head of armies inured to victory; he was seconded by the most renowned generals of the age, the earls of Somerset, Warwick, Salisbury, Suffolk, and Arundel, Sir John Talbot, and Sir John Fastolffe: and besides Guienne, the ancient inheritance of England, he was master of the capital, and of almost all the northern provinces, which were well enabled to furnish him with supplies both of men and money, and to assist and support his English forces.
But Charles, notwithstanding the present inferiority of his power, possessed some advantages, derived partly from his situation, partly from his personal character, which promised him success, and served, first to control, then to overbalance, the superior force and opulence of his enemies. He was the true and undoubted heir of the monarchy: all Frenchmen, who knew the interests, or desired the independence, of their country, turned their eyes towards him as its sole resource; the exclusion given him by the imbecility of his father, and the forced or precipitate consent of the states, had plainly no validity: that spirit of faction which had blinded the people, could not long hold them in so gross a delusion: their national and inveterate hatred against the English, the authors of all their calamities, must soon revive, and inspire them with indignation at bending their necks under the yoke of that hostile people: great nobles and princes, accustomed to maintain an independence against their native sovereigns, would never endure a subjection to strangers; and though most of the princes of the blood were, since the fatal battle of Azincour detained prisoners in England, the inhabitants of their de mesnes, their friends their vassals, all declared a zealous attachment to the king and exerted themselves in resisting the violence of foreign invaders.
Charles himself, though only in his twentieth year, was of a character well calculated to become the object of these benevolent sentiments; and perhaps from the favor which naturally attends youth, was the more likely, on account of his tender age, to acquire the good-will of his native subjects. He was a prince of the most friendly and benign disposition, of easy and familiar manners, and of a just and sound, though not a very vigorous understanding. Sincere, generous, affable, he engaged from affection the services of his followers, even while his low fortunes might make it their interest to desert him; and the lenity of his temper could pardon in them those sallies of discontent, to which princes in his situation are so frequently exposed. The love of pleasure often seduced him into indolence; but amidst all his irregularities, the goodness of his heart still shone forth; and by exerting at intervals his courage and activity, he proved that his general remissness proceeded not from the want either of a just spirit of ambition, or of personal valor.
