Danby, the Lord Treasurer, promised them compensation, but this was never forthcoming, leading to a lawsuit, The Goldsmith Bankers case, of almost unheard-of length.
He was superseded in the treasury on 11 March by Buckingham's favourite, Sir Thomas Osborne, and was at last released from the Tower on 21 March in disgrace.
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Having slowly risen to government ascendancy in the person of Lord Danby (1st Earl) who had held office through three shortly-spaced changes of Sovereign (dating to the Royal-dominated ministries of Charles II), the Whig elite established dominance in 1694 with the appointment of Sir Charles Montagu as Chancellor of the Exchequer.
This refers to the fact that The Earl of Danby was one of the "immortal seven" who signed the Invitation to William at the Cock and Pynot Inn in 1688.
During the Glorious Revolution of 1688, he acted as the Earl of Danby's lieutenant in the North in support of the revolution and was rewarded by the new regime with the office of Lieutenant-General of the Ordnance, a post which he held until 1702.
He was Gentleman of the Bedchamber to Charles II; in that capacity he was sent in September 1678 with a crucial message to Danby to investigate certain allegations made by Israel Tonge, thus setting in motion the Popish Plot.