Pictures of German Life in the XVth, XVIth, and XVIIth Centuries, Vol. II.Freytag, Gustav
History
Pictures of German Life in the XVth, XVIth, and XVIIth Centuries, Vol. II.
Freytag, Gustav
Germany -- Civilization; Germany -- Social life and customs
Such was the state of things even before the year 1618. The sovereigns,
small and great, required more and more money. Then some of the Princes
of the Empire--the Brunswickers, alas! were among the first--began to
outdo the proceedings of the most notorious of the hedge mints; they
caused the coin of the country, both heavy and light, to be struck of a
bad mixture of silver and copper, instead of silver, and soon it was
only copper silvered. At last, as for example at Leipzig, a small
angular coin was issued by the city, no longer of copper, which was of
higher value, but of pure tin. This discovery of making money at little
cost spread like a pestilence. From both of the Circles of Saxony it
spread to those of the Rhine and Southern Germany. Hundreds of new mints
were established. Wherever a ruined tower appeared firm enough for a
forge and bellows, wherever there was abundance of wood for burning, and
a road to bring good money to the mint and carry away bad, there a band
of coiners nestled. Electors and nobles, ecclesiastical communities and
cities outvied each other in making copper money; even the people were
infected with it. For a century the art of making gold, and treasure
digging had occupied the fancies of the people; now the happy time
appeared to have arrived, when every fish-kettle could be turned into
silver in the coiners' scales. A mania for money-making began. Pure
silver and old silver gilt became continually and strikingly dearer in
mercantile traffic, so that at last it was necessary to pay four, five
or more new gulden for one old silver gulden, and the price of goods and
the necessaries of life slowly rose; but that signified little to the
multitude, so long as the new money, the production of which seemed to
increase without end, was willingly taken. The nation, already excited,
became at last madly intoxicated. Every one thought they had the
opportunity of becoming rich without labour; all applied themselves to
trafficking in money. The merchant had money dealings with the artisan,
the artisan with the peasant. A general craving, chaffering, and
overreaching prevailed. The modern swindling in funds and on 'Change,
gives only a weak notion of the proceedings of that time. Whoever had
debts hastened to pay them; whoever could get money from an
accommodating coiner, in exchange for an old brewing vessel,[34] could
buy therewith house and fields; whoever had to pay wages, salaries, or
fees, found it convenient to do so in plated copper. There was little
work done in the cities, and only for very high pay. Whoever had any old
thalers, gold gulden, or other good Imperial money lying in their chests
as a store in case of need, as was then the case with almost every one,
drew out his treasure and was delighted to exchange it for new money, as
the old thalers, in a most remarkable way, appeared to be worth four,
nay even six and ten times as much as formerly. That was a jolly time.
Public-domain text, read in full here on John Shaqi.
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