The history of the Jews: From the war with Rome to the present timeAdams, H. C. (Henry Cadwallader)
History
The history of the Jews: From the war with Rome to the present time
Adams, H. C. (Henry Cadwallader)
Jews -- History -- 70-
He employed, however, more reasonable means of rescuing his
countrymen from the clutches of the Hebrew usurer than these. He set
up banks, at which a lower rate of interest was required than that
demanded by the Jews, but at the same time sufficiently remunerative,
provided the debts contracted were faithfully discharged. These
he called Monte della Pieta. They met at first with very decided
success in the chief Italian cities, and particularly in Mantua,
Brescia, and Padua. In the last-named place they so engrossed the
money-lending business that the Jews were obliged to close their own
bank. There can be no doubt that the scheme was both commercially and
philanthropically wise. Yet, after all, it did not prosper. Possibly
the publicity of the dealings with Bernardino’s banks was not
acceptable to borrowers, who might wish the fact of their having been
obliged to borrow to be kept secret. Possibly those who would fain
have been customers were too deeply involved in debt to the Jews to
be able to break loose from them. Possibly it was the effect of long
habit, which men are ever unwilling to depart from. But, whatever may
have been the cause, the scheme, after a brief period of success,
began to languish, and in some places altogether failed.
It was revived later still in the century by the celebrated Girolamo
Savonarola, who professed his object to be the same as that of
Bernardino—rescuing his countrymen, and especially the poor, from the
ruinous exactions of the Jew money-lenders, whom he denounces in the
most unmeasured terms, as that ‘most wicked set, the enemies of God.’
Not contented with this harsh language, he obtained a decree of the
State, ordering them to quit Florence within the year.
Public-domain text, read in full here on John Shaqi.
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