As James's reign progressed, his government faced growing financial pressures, due partly to creeping inflation but also to the profligacy and financial incompetence of James's court. In February 1610, Salisbury proposed a scheme, known as the Great Contract, whereby Parliament, in return for ten royal concessions, would grant a lump sum of £600,000 to pay off the king's debts plus an annual grant of £200,000. The ensuing prickly negotiations became so protracted that James eventually lost patience and dismissed Parliament on 31 December 1610. "Your greatest error", he told Salisbury, "hath been that ye ever expected to draw honey out of gall". The same pattern was repeated with the so-called "Addled Parliament" of 1614, which James dissolved after a mere nine weeks when the Commons hesitated to grant him the money he required. James then ruled without parliament until 1621, employing officials such as the merchant Lionel Cranfield, who were astute at raising and saving money for the crown, and sold baronetcies and other dignities, many created for the purpose, as an alternative source of income.