In 1475 invaded France, but advanced only as far as Picquigny, near Amiens. There he parleyed. Louis XI shared his outlook. He too saw that kings might grow strong and safe in peace, and would be the prey and tool of their subjects in war. The two kings sought peace and found it. Louis XI offered Edward IV a lump sum of 75,000 crowns, and a yearly tribute of 50,000. This was almost enough to balance the royal budget and make him independent of Parliament. Edward closed on the bargain, and signed the Treaty of Picquigny. But Charles the Bold, his ally of Burgundy, took it amiss. At Péronne, in full assembly, with all the English captains gathered, he declared that he had been shamefully betrayed by his ally. A most painful impression was created; but the King put up with it. He went back home and drew for seven successive years this substantial payment for not harrying France, and at the same time he pocketed most of the moneys which Parliament had voted for harrying her.

Winston Churchill, A History of the English-Sp…, loc. 708