Lorenzo de' Medici, the Magnificent (vol. 2 of 2)Reumont, Alfred von
History
Lorenzo de' Medici, the Magnificent (vol. 2 of 2)
Reumont, Alfred von
Medici, Lorenzo de', 1449-1492
THE events of two years had shown that Lorenzo was not quite so
secure of the direction of public affairs as he had seemed to be
immediately after the conspiracy of the Pazzi. The vicissitudes of
the war had produced an abrupt change in public feeling; it had
become clear that internal affairs were in a great measure subject to
external influences. Even when Lorenzo’s position was far stronger, a
diplomatist justly observed that his authority in the city depended on
the estimation in which he was held by the other Italian powers and
by foreign sovereigns.[226] The traditions of independence were too
fresh, party interests too various and too powerful, not to create
constant difficulties. The great art of the party leaders had always
consisted in excluding from office any but their own partisans. But it
was by no means easy to prevent internal divisions between sections
of the parties themselves. During the war, a college of magistrates
had to be dismissed, on account of the opposition they offered to a
measure which aimed at reducing their jurisdiction to its original
limits. Lorenzo’s standing difficulty was the necessity he was under of
controlling parties in the state, without altering constitutional forms
except in apparent agreement with the popular sentiment. The ostracism
known as the power of _ammonire_ had proved just as dangerous as the
excitement caused by the frequent summoning of parliaments. His only
plan therefore was, by creating a docile following, to exclude, without
the use of strong measures, all elements he could not rely upon, and
to accustom the multitude to the gradual extension of his influence
on home as well as foreign policy. Lorenzo had another motive. He had
not been fortunate in business matters. During his grandfather’s time
the State finances had become entangled with those of the family.
Cosimo, who was a financial genius, took care of his own interests
without letting those of the State suffer. With his grandson the case
was different. Cosimo had advanced money to the State; Lorenzo, on
the other hand, stood in need of public money for private objects.
The expenses of the war, sacrifices and losses of all kinds were the
ostensible cause of irregularity in the payment of interest on the
national debt, and in the settlement of marriage portions by the
establishment existing for that purpose. This state of things could
not last if the public bonds were to retain any value and the national
credit to be maintained. For further operations, rendered hazardous by
the embarrassment that already existed, men were needed who were both
familiar with business and willing to go hand in hand with the director
of the State. The embarrassment was already so publicly known, that it
was thought advisable to avow it with apparent frankness before taking
measures which really aimed at withdrawing the direction of the banks
from public control, although their object was made to appear a reform
for the general welfare.
Public-domain text, read in full here on John Shaqi.
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