Pictures of German Life in the XVth, XVIth, and XVIIth Centuries, Vol. I.Freytag, Gustav
History
Pictures of German Life in the XVth, XVIth, and XVIIth Centuries, Vol. I.
Freytag, Gustav
Germany -- Civilization; Germany -- Social life and customs
This command over capital was regarded with great dislike by both
princes and people. Through these trading companies much ready money
passed out of the country, and all objects of luxury rose in price;
complaints were general, for the diminution in the worth of money,
occasioned by the introduction of the American gold, was mistaken for
the raising of prices by the merchants. Not only Hutten, who was deeply
imbued with the prejudices of his own class, but even the Imperial Diet
was jealous of the power of these great moneyed companies; among the
people also, the antipathy to them was general, and the Reformers
shared the opinions of their cotemporaries as to the detriment of such
domination over capital.
Yet even then, it may be observed that these great merchant princes had
not all the same tendencies. The Welsers of Augsburg, for example, in
1512, took an active interest at Rome on behalf of Reuchlin, and that
great scholar owed his deliverance from the hands of the Dominicans,
more perhaps to their secret influence than to the refined rhetoric of
his enthusiastic admirers in Germany. On the other hand, the Fuggers
were considered by the people as reckless moneyed men and Romanists; as
enemies of Luther and friends of Eck, who was suspected of being in
their pay; for they had charge of the money affairs of the Elector
Albrecht of Mayence, and of the Romish curie, and one of the Fugger's
clerks accompanied the indulgence chest of Tetzel, and controlled the
incoming receipts, on which the banking-house of the Archbishop of
Mayence had made advances. The Emperor, Charles V., received the most
solid support from these powerful firms, as their interests were
generally concurrent with his; with the people, however, "_Fuggerei_"
became the common term for usury. We learn the family tendency for
outward splendour and intercourse with the great, from the description
which Hans von Schweinichen gives of their opulence in the year 1575.
When the dissolute Duke Hemrich von Liegnitz with his majordomo was at
Augsburg, the splendour of this house appeared to the Silesian noblemen
as quite fabulous. Schweinichen, who was more accurate in specifying
the sums of money and prices than was necessary considering the endless
debts of his master, gives the following narrative.[55]
Public-domain text, read in full here on John Shaqi.
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