Know then that in Genoa there dwelt long ago a gentleman, who was known as Messer Ermino de' Grimaldi, and whose wealth, both in lands and money, was generally supposed to be far in excess of that of any other burgher then in Italy, and as in wealth he was without a rival in Italy, so in meanness and avarice there was not any in the entire world, however richly endowed with those qualities, whom he did not immeasurably surpass, insomuch that, not only did he keep a tight grip upon his purse when honour was to be done to another, but in his personal expenditure, even upon things meet and proper, contrary to the general custom of the Genoese, whose wont is to array themselves nobly, he was extremely penurious, as also in his outlay upon his table. Wherefore, not without just cause, folk had dropped his surname de' Grimaldi, and called him instead Messer Ermino Avarizia. While thus by thrift his wealth waxed greater and greater, it so chanced that there came to Genoa a jester of good parts, a man debonair and ready of speech, his name Guglielmo Borsiere, whose like is not to be found to-day when jesters (to the great reproach be it spoken of those that claim the name and reputation of gentlemen) are rather to be called asses, being without courtly breeding, and formed after the coarse pattern of the basest of churls. And whereas in the days of which I speak they made it their business, they spared no pains, to compose quarrels, to allay heart-burnings, between gentlemen, or arrange marriages, or leagues of amity, ministering meanwhile relief to jaded minds and solace to courts by the sprightly sallies of their wit, and with keen sarcasm, like fathers, censuring churlish manners, being also satisfied with very trifling guerdons; nowadays all their care is to spend their time in scandal-mongering, in sowing discord, in saying, and (what is worse) in doing in the presence of company things churlish and flagitious, in bringing accusations, true or false, of wicked, shameful or flagitious conduct against one another; and in drawing gentlemen into base and nefarious practices by sinister and insidious arts. And by these wretched and depraved lords he is held most dear and best rewarded whose words and deeds are the most atrocious, to the great reproach and scandal of the world of to-day; whereby it is abundantly manifest that virtue has departed from the earth, leaving a degenerate generation to wallow in the lowest depths of vice.