At the same time the ancient superstition regarding usury had been
invigorated in England, as on the Continent, by the diligent preaching
of Franciscan and Dominican friars, no less than by the economic
distress of debtors. It is true that the practice was not confined
to the Jews. Besides English usurers, the Italian bankers of Milan,
Florence, Lucca, Pisa, Rome, and other cities, had stretched their
tentacles over Europe. In France their position was confirmed by
a diplomatic agreement with Philip III. In England Italian usurers
scoured the country collecting taxes for the Pope and lending money on
their own account at exorbitant interest. As the Jews lent under royal
so did these Lombards lend under papal patronage. The extortions of
the former were not amenable to any tribunal; the latter were in the
habit of, in the words of the chronicler, “cloaking their usury under
the show of trade,” and thus carried on their business under forms
not forbidden by Canon law--even supposing that the ecclesiastical
courts would have cared or dared to condemn the Pope’s agents. To the
Italian usurers the great barons extended the same protection as to the
Jews, and for similar reasons; but the smaller nobility and gentry,
the clergy, and the lower orders of the laity hated them intensely.
One of these usurers, brother of the Pope’s own Legate, was murdered
at Oxford, while in London Bishop Roger pronounced a solemn anathema
against the whole class. Henry III. was, after all, a Catholic and a
King. The sufferings of his subjects moved him to banish the Cahorsines
from his kingdom, and, were it not for his chronic impecuniosity, he
might have adopted similar measures against the Jews. As it was, in
spite of his religious scruples, he could ill afford to lose the rich
income which he still derived from them.
Public-domain text, read in full here on John Shaqi.
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