Salve Venetia, gleanings from Venetian history; vol. ICrawford, F. Marion (Francis Marion)
History
Salve Venetia, gleanings from Venetian history; vol. I
Crawford, F. Marion (Francis Marion)
Venice (Italy) -- History
In spite of the treaty, however, the Venetians never did well in the
East after that, and their old enemies the Genoese got the better of
them in the trade of the Black Sea, for the Turks were by no means
satisfied yet with what they had taken, and Venice was more or less
engaged during the next twenty years in trying to protect her
Mediterranean colonies.
She had suffered considerably in her fortunes, though her credit
appeared inexhaustible. Romanin has unearthed some curious figures. He
estimates the loss of property by the fall of Constantinople at three
hundred thousand ducats, and says that there were a number of bad
commercial failures in Venice in consequence, notably that of Andrea
Priuli, for twenty-four thousand ducats. The aggregate estimated value
of the houses in Venice diminished between 1425 and 1445 by thirteen
thousand ducats, which does not seem very disastrous where the whole
reached three hundred and sixty thousand; but the war with Milan alone
cost seven million ducats in ten years, in 1428 the Venetian Chamber of
Commerce owed nine millions, and Romanin adds that in 1440 the bonds of
the public debt were only worth eighteen and a half per cent of their
nominal value, a statement in which there seems to be some mistake,
unless that extreme depression was merely momentary. There can be no
doubt but that the acquisition of extensive territory by warfare, and
the reckless extravagance which became only too common in Foscari’s
brilliant reign, had led to a serious diminution of wealth and
population, and had burdened the Republic with a debt from which she was
never to free herself again.
An attempt was made by Pope Pius II. to send a crusade against the
Turks, and as such an expedition, if it had resulted in the expulsion of
the Turks, would have been much to the advantage of Venice, she lent her
support readily. The Pope, however, died suddenly when he was about to
bless the united fleet on its departure from Ancona, and the result was
that the whole alliance broke up at once, and those who had composed it
departed for their homes without delay.
Public-domain text, read in full here on John Shaqi.
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