PERIOD II.
THE HISTORY OF THE HANSEATIC LEAGUE, FROM 1370 TO THE PUBLIC PEACE OF 1495, DECREED IN GERMANY BY MAXIMILIAN I.
I.
LÜBECK RECEIVES AN IMPERIAL VISITOR.
The great war ended, the Hansa, in true merchant spirit, instantly busied itself making up its accounts. The poundage toll, instituted to cover martial expenses, was at once abolished; credit and debit carefully balanced. Examination of its books showed that, notwithstanding the long duration of the war, the Hansa had been as little a pecuniary, as it had been a military, loser, in its struggle against Waldemar's assumptions.
While thus engaged, Lübeck was startled by the intelligence that the Emperor, Charles IV., intended to honour "his beloved free Imperial City of Lübeck" by a personal visit. Since Frederick Barbarossa no emperor had ever passed the city gates, and the town councillors were probably not far wrong when they perceived in this proposal a tacit imperial acknowledgment of the Hansa's great military victories, victories in which Lübeck had played the part of leader. For twenty-eight years Charles had worn the imperial crown, and all that time his chief efforts had been directed towards extending the power of his family, and the home influence of the emperors. He was a shrewd and wily old man, who saw the dangers Italy presented to the empire, and wished to avoid them. At first, however, he had no proper comprehension of the great power that had sprung up within his own domains in the shape of the Hanseatic League, nay, indeed, he had sided against his subjects and with Waldemar. But now the scales fell from his eyes, and he appreciated, as all Europe did, the greatness and the strength of the Hansa.