At the very same time, Grey and…
1603 CE
Among others, they had approached Henry IV of France for funding, but were unsuccessful.
Cobham and Grey are to raise one-hundred and sixty thousand pounds (a figure that could be safely multiplied by twenty to convert to contemporary money) to bribe or hire an army.
Cobham is to be the go-between with the Count of Aremberg, who will do the actual negotiations with the Spanish court for the money.
The conspirators, upon seizing government, are to depose James and put Lady Arbella (or Arabella) Stuart (or Stewart), a direct descendant of King Henry VII of England, on the throne in his stead.
Arbella, as the only child of Charles Stuart, 1st Earl of Lennox, and Elizabeth Cavendish, Arbella is a grandchild of Matthew Stewart, 4th Earl of Lennox, and Lady Margaret Douglas, who was, in turn, the daughter of Princess Margaret Tudor and Archibald Douglas, 6th Earl of Angus and granddaughter of Henry VII of England.
It is very likely that none of the offers from Aremberg are in good faith, and it is exceptionally unlikely that the Spanish court, already deeply indebted to banks in Belgium and Netherlands and having lost its armada and many of its galleons to English pirates, is in any position to offer such an astronomical sum to an unlikely intrigue.
However, Cobham believes the offers.
He speaks with Sir Walter Raleigh about contacting Aremberg, and he is readying to set forth.
However, the Bye plot is discovered through its hireling "swordsmen" and exposed by English Jesuits led by Father Henry Garnet, who informs the government of the conspiracy because they are afraid of retribution against members of their faith if the plan fails, and also because of Jesuit suspicion regarding the political motivations of secular priests.
Salisbury has in fact received news of the plot from several sources, including the Archpriest George Blackwell, who has instructed his priests to have no part in any such schemes.