Parliament met on the 20th November for its final session. Lord Treasurer Cranfield reported that the exchequer was depleted, that the two subsidies which had been granted the previous March had been spent in furthering the interests of James’s son-in-law, Frederic, Elector Palatine, and “that the business now in hand required a great and speedy supply.”[321] It was understood that the cost of maintaining an army in the Palatinate would be not far from £900,000 a year. The Lord Treasurer wished “that the Commons would so handle this business as to make his Majesty in love with the Parliaments.”
But they took some time to consider it. At the end of the first week, the commons resolved in committee of the whole house upon a single subsidy, which, since it was to be levied doubly upon papists, would provide some £100,000 for the prosecution of war in the Palatine.[322] That was as near an actual grant as the commons came during the session. On the 1st December, they fell into a conflict with the king over matters of privilege, which had its rise in the imprisonment of Sir Edwin Sandys during the last recess of Parliament, presumably for utterances made in the House. There were petitions to James and replies from him, culminating in a remarkable Protestation asserting the right of free speech in the House.[323] On the day of the presentation of this Protestation, the 18th December, James adjourned Parliament to the 8th February; he then sent for the Journal of the House of Commons and tore from it the objectionable entry with his own hand. In the stress of these events, the proposed subsidy was allowed to slip out of mind; only did the lords propose a meeting with the commons to consider a supply, and this came to naught. On the 6th January, 1621-22, James saw fit not to await the reassembling of Parliament, but issued a proclamation of dissolution in which he denounced those who had questioned his prerogatives in the House of Commons as “ill-tempered spirits.” Then he committed to prison such of them as he regarded as being most hostile, amongst whom were Sir Edward Coke, Pym, Selden, and Mallory.[324]
James convened his last Parliament on the 19th February, 1623-24. In the interval which had elapsed since the dissolution, James recovered his conciliatory attitude toward the commons. The plan of marrying the Prince of Wales, the young Prince Charles, to the Infanta of Spain, had been given up, and thus Englishmen were relieved of what to them had been a pro-popish plot, and had been deprecated again and again as the odious Spanish Match. The programme with respect to the Palatinate favored by the king was that favored by the commons, and the reign of James seemed to be approaching a happy conclusion. The commons came forward with a grant of three subsidies and three fifteenths and tenths, providing a somewhat greater sum than £300,000.[325] The money was voted on the condition that, in order to insure its application to the naval and military establishments, it be paid into the hands of commissioners appointed by the commons, and be expended by them upon direction of the council of war. The sympathy existing between king and Parliament was further exhibited in the successful passage of an act forbidding monopolies in the sale of any merchandise or in practicing any trade, the only legislative act of constructive importance in his reign.[326] Parliament was dissolved on the 29th May, 1624.