The Atlantic Monthly, Volume 01, No. 02, December, 1857: A Magazine of Literature, Art, and PoliticsVarious
History
The Atlantic Monthly, Volume 01, No. 02, December, 1857: A Magazine of Literature, Art, and Politics
Various
American periodicals
It is singular, too, with what comparatively small means the Medici
were enabled to do such great things. Cosmo, unquestionably the
greatest and most successful citizen that ever lived,--for he almost
rivalled Pericles in position, if not in talent, while he surpassed
him in good fortune,--was, during his lifetime, the virtual sovereign
of the most enlightened and wealthy and powerful republic that had
existed in modern times. He built the church of San Marco, the church
of San Lorenzo, the cloister of San Verdiano. On the hill of Fiesole he
erected a church and a convent. At Jerusalem he built a church and a
hospital for pilgrims. All this was for religion, the republic, and
the world. For himself he constructed four splendid villas, at
Careggi, Fiesole, Caffaggiolo, and Trebbio, and in the city the
magnificent palace in the Via Larga, now called the Riccardi.
In thirty-seven years, from 1434 to 1471, he and his successors
expended eight millions of francs (663,755 gold florins) in buildings
and charities,--a sum which may be represented by as many, or, as some
would reckon, twice as many, dollars at the present day. Nevertheless,
the income of Cosmo was never more than 600,000 francs, (50,000 gold
florins,) while his fortune was never thought to exceed three millions
of francs, or six hundred thousand dollars. Being invested in
commerce, his property yielded, and ought to have yielded, an income
of twenty _per cent_. Nevertheless, an inventory made in 1469
showed, that, after twenty-nine years, he left to his son Pietro a
fortune but just about equal in amount to that which he had himself
received from his father.
With six hundred thousand dollars for his whole capital, then, Cosmo
was able to play his magnificent part in the world's history; while
the Duke of Milan, son of the peasant Sforza, sometimes expended more
than that sum in a single year. So much difference was there between
the position and requirements of an educated and opulent
first-citizen, and a low-born military _parvenu_, whom, however,
Cosmo was most earnest to encourage and to strengthen in his designs
against the liberties of Lombardy.
This Riccardi palace, as Cosmo observed after his poor son Peter had
become bed-ridden with the gout, was a marvellously large mansion for
so small a family as one old man and one cripple. It is chiefly
interesting, now, for the frescos with which Benozzo Gozzoli has
adorned the chapel. The same cause which has preserved these beautiful
paintings so fresh, four centuries long, has unfortunately always
prevented their being seen to any advantage. The absence of light,
which has kept the colors from fading, is most provoking, when one
wishes to admire the works of a great master, whose productions are so
rare.
Public-domain text, read in full here on John Shaqi.
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