The Two First Centuries of Florentine History: The Republic and Parties at the Time of Dante. Fourth Impression.
Dante Alighieri · en
We see the Florentines invited to manage the mints, and fix the weights
and measures of various European states. In 1278 a convention between
the King of France and the Lombard and Tuscan _Universitates_ invites
both to find money for the former's government. In 1306 the Modenese
people issued a decree, appealing for the same purpose, to the notaries
and bankers of Florence. Then in 1302, when the King of France,
lacking funds wherewith to make war, decided on repeated debasement
of the coinage, this fatal step was attributed to the advice of two
Florentines, Bicci and Musciatto Franzesi. These men were severely
censured by their fellow-citizens, many of whom had been ruined by
the bad French currency. On all occasions when the French sovereigns
were on the eve of a great war, they were practically compelled to
first secure the aid of some known Florentine banker in bearing the
expense. Some of these bankers held the same position in Europe as
the Rothschilds of the present day, and accumulated fortunes of
apparently fabulous amounts. In 1260 the Salimbeni house lent twenty
thousand florins to the Siennese. In 1338 we find the Bardi and Peruzzi
creditors of King Edward III. of England for one million three hundred
and sixty-five florins, the which, without reckoning the difference in
the value of gold, would amount to about sixteen millions of Italian
_lire_; and allowing for that difference, would amount, as Sismondi
has calculated, to no less than sixty-four millions. Pagnini adds a
list of many other loans, amounting to a positively enormous total.
In 1321 the Peruzzi had a credit of 191,000 florins on the Order of
Jerusalem alone, and the Bardi another of 133,000 florins. In 1348 the
house of Tommaso di Carroccio degli Alberti and his kinsmen had banks
at Avignon, Brussells, Paris, Sienna, Perugia, Rome, Naples, Barletta,
Constantinople, and Venice.[352] And at the close of the fifteenth
century Philippe de Commines declared that Edward IV. of England owed
his crown to the help of Florentine bankers.