Banking, ancient and modern ..together with full instructions as to the business methods of the Treasury Department at Washington, . ome underthe management of NeroCambi. By 1378 bank-ing operations in Italyhad attained great im-portance, due to thenecessary transmissionof money from distantparts of Europe to thePopes court at Romeand Avignon, and mostof the banking businesswas in the hands ofFlorentine citizens. TheStrozzi were in lateryears, 1513 to 1534,bankers to Leo X andClement VII, accumula-ting wealth by their sagacity which is still enjoyed b\ their descendants,about the middle
Banking, ancient and modern ..together with full instructions as to the business methods of the Treasury Department at Washington, . ome underthe management of NeroCambi. By 1378 bank-ing operations in Italyhad attained great im-portance, due to thenecessary transmissionof money from distantparts of Europe to thePopes court at Romeand Avignon, and mostof the banking businesswas in the hands ofFlorentine citizens. TheStrozzi were in lateryears, 1513 to 1534,bankers to Leo X andClement VII, accumula-ting wealth by their sagacity which is still enjoyed b\ their descendants,about the middle of the fourteenth century the famous banking house ofthe Alberti had counters in Avignon, Bruges, Brussells, Paris, Siena,Perugia, Rome, Naples, Barletta and Venice. Still greater than theAlberti were the Peruzzi and their associates, the Bardi. In 1346 thefailure of ICdward III, of l^ngland, to pay 1,365,000 golden florins, bor-rowed of the Morentine bankers, caused a bankruptcy which seriouslydisturbed the entire commercial system of luuope. Later the Strozzisuffered serious losses by the king of France and the popes, but in spite. K. S. Hankers National Hank, Chicago. 13 of these losses the Florentine bankers regained their wealth throughtheir lucrative business. From 1414 to 1423 times were prosperous inFlorence, and at that period seventy-two banks could be counted in thestreets surrounding the Mercato Nuovo. From 1430 to 1433, seventy-six bankers lent the State 4,865,000 gold florins, but, although therewere said to be eighty bankers in Florence at one time, there was nopublic bank. Mr. Henry Mann attributes the invention of bank notes to the re-public of Carthage, but his testimony is not conclusive enough, beingbased on this statement of .Eschines, the Socratic philosopher; In a small piece of leather iswrapped a substance ofthe size of a piece of fourdrachms, but what thissubstance is no oneknows except the this it is sealedand issued for
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Keywords: ., bookcentury1800, bookde, booksubjectbanksandbanking, bookyear1895
