जसवन्तराव होलकर ७१६ और उनके अनेक शत्रु पैदा हो गए थे। भावी युद्ध में उन्हें यह श्राशा न हो सकती थी कि भारतीय प्रजा और उनके नेता उसी तरह उनकी मदद करेंगे, जिस तरह उन्होंने पिछले युद्ध में की थी। इसके विपरीत उन्हें डर था कि नए युद्ध में कहीं ये समस्त शक्तियाँ हमारे विरुद्ध न मिल जायें। दौलतराव सींधिया का नायक अम्बाजी भी अपने स्वामी के साथ विश्वासघात करने को राजी न हुआ था। खुद से जसवन्तराब के समान वह भी उस समय सम्भावनाएँ अंगरेजों की आँखों में खटक रहा था। ४ फरवरी सन् १८०४ को जनरल लेक ने मार्किस वेल्सली को लिखा- “The enterprising spirit, military character, and ambitious views of Jaswant Rao Holkar render the reduction of his power a desirable object with reference to the complete establishment of tranquility in India. "An immediate attempt, therefore, to restore Kashi Rao Holkar to his hereditary rights, would involve more positive and certain difficulty and danger than could be justly apprehended from the continuance of Jaswant Rao Holkar in the possession of the territories actually under his authority. A pacific conduct towards Jaswant Rao Holkar in the present moment, will not preclude the future restoration of Kashi Rao Holkar to the possession of his hereditary rights “It will benecessary, however, to regulate our proceedings with respect to Jaswant Rao Holkar in such a manner as to avord any acknowledgement and confirmation of the legstomacy of has dominion, or that of Khande Rao Holkar " . . . leave Jaswant Rao Holkar in the exercise of his present authonty, . . . Your Excellency is authorised to enter into a negotia- tuon with Jaswant Rao Holkar, . . . . if peace with Scindhia should
