*25. Foreigners settled in England.*--The fact that almost all of the foreign trade of England was in the hands of aliens necessarily involved their presence in the country temporarily or permanently in considerable numbers. The closely related fact that the English were distinctly behind the people of the Continent in economic knowledge, skill, and wealth also led foreigners to seek England as a field for profitable exercise of their abilities in finance, in trade, and manufactures. The most conspicuous of these foreigners at the close of the thirteenth century and during the early part of the fourteenth were the Italian bankers. Florence was not only a great trading and manufacturing city, but a money centre, a capitalist city. The Bardi, Peruzzi, Alberti, Frescobaldi, and other banking companies received deposits from citizens of Florence and other Italian cities, and loaned the money, as well as their own capital, to governments, great nobles, and ecclesiastical corporations in other countries. When the Jews were expelled from England in 1290, there being no considerable amount of money among native Englishmen, the Italian bankers were the only source from which the government could secure ready money. When a tax had been authorized by Parliament, but the product of it could be obtained only after a year or more spent in its collection, the Florentines were at hand to offer the money at once, receiving security for repayment when the receipts from the tax should come in. Government monopolies like the Cornwall tin mines were leased to them for a lump sum; arrangements were made by which the bankers furnished a certain amount of money each day during a campaign or a royal progress. The immediate needs of an impecunious king were regularly satisfied with money borrowed to be repaid some months afterward. The equipment for all of the early expeditions of the Hundred Years' War was obtained with money borrowed from the Florentines. Payments abroad were also made by means of bills of exchange negotiated by the same money-lenders. Direct payment of interest was forbidden by law, but they seem to have been rewarded by valuable government concessions, by the profits on exchange, and no doubt by the indirect payment of interest, notwithstanding its illegality.