PHILIP PROMISES TO RENOUNCE THE CROWN OF FRANCE.

The ministry, foreseeing that Philip would not willingly resign his hopes of succeeding to the crown of France, proposed an alternative, that, in case of his preferring his expectation of the crown of France to the present possession of Spain, this kingdom, with the Indies, should be forthwith ceded to the duke of Savoy; that Philip, in the meantime, should possess the duke’s hereditary dominions, and the kingdom of Sicily, together with Montserrat and Mantua; all which territories should be annexed to France at Philip’s succession to that crown, except Sicily, which should revert to the house of Austria. Louis seemed to relish this expedient, which, however, was rejected by Philip, who chose to make the renunciation rather than quit the throne upon which he was established. The queen demanded that the renunciation should be ratified in the most solemn manner by the states of France; but she afterwards waived this demand, in consideration of its being registered in the different parliaments. Such forms are but slender securities against the power, ambition, and interest of princes. The marquis de Torcy frankly owned, that Philip’s renunciation was of itself void, as being contrary to the fundamental laws and constitution of the French monarchy; but it was found necessary for the satisfaction of the English people. Every material article being now adjusted between the two courts, particularly those relating to the king of Spain, the commerce of Great Britain, and the delivery of Dunkirk, a suspension of arms prevailed in the Netherlands, and the duke of Ormond acted in concert with mareschal de Villars.