means to reëstablish their fleet and continue the war with the Venetians. He did so, and in another naval engagement, fought in 1354, in the Gulf of Sapienza, the Venetians were entirely defeated. But the Genoese had sacrificed their liberty in their thirst for revenge. Visconti became their master instead of friend. Venice was able to rise above its temporary discomfiture, and during the fifteenth century its fame and power became greater than they had ever been before. In the beginning of the fifteenth century the Venetians captured the town of Padua, and gradually lost their empire of the sea while they acquired possessions on the continent. Among the most famous of the Italian states at this period was Florence; and its fame was founded, not on arms, but on literature. Like the other Italian cities, however, it owed its first elevation to the commercial industry of its inhabitants. There was a curious division of the Florentine citizens, subsisting about the beginning of the thirteenth century, into companies or _arts_. These were at first twelve――seven called the greater arts, and five the lesser; but the latter were gradually increased to fourteen. The seven greater arts were those of lawyers and notaries, of dealers in foreign cloth (called sometimes _calimala_), of bankers or moneychangers, of woolen-drapers, of physicians and druggists, or dealers in silk, and of furriers. The inferior arts were those of retailers of cloth, butchers, smiths, shoemakers, and builders. It was in the thirteenth century that Florence became a republic, and it maintained its independence for two hundred years. In the beginning of the fifteenth century it became peculiarly distinguished by the revival of Grecian literature and the cultivation of the fine arts. Cosmo de Medici, who lived a citizen of Florence at this time, and was known by the name of the Grand Duke of Tuscany――descended from a long line of ancestors, whose wealth had been honorably acquired in the prosecution of the _greater arts_――possessed more riches than any king in Europe, and laid out more money on works of learning, taste, and charity, than all the princes of his age. The same liberality and munificence distinguished his family for several generations.