118. "And these new florins beginning to scatter through the world, some of them got to Tunis, in Barbary; and the King of Tunis, who was a worthy and wise lord, was greatly pleased with them, and had them tested; and finding them of fine gold, he praised them much, and had the legend on them interpreted to him,—to wit, on one side 'St. John Baptist,' on the other 'Florentia.' So seeing they were pieces of Christian money, he sent for the Pisan merchants, who were free of his port, and much before the King (and also the Florentines traded in Tunis through Pisan agents),—{see these hot little Pisans, how they are first everywhere,}—and asked of them what city it was among the Christians which made the said florins. And the Pisans answered in spite and envy, 'They are our land Arabs.' The King answered wisely, "It does not appear to me Arab's money; you Pisans, what golden money have you got?" Then they were confused, and knew not what to answer. So he asked if there was any Florentine among them. And there was found a merchant from the other-side-Arno, by name Peter Balducci, discreet and wise. The King asked him of the state and being of Florence, of which the Pisans made their Arabs,—who answered him wisely, showing the power and magnificence of Florence; and how Pisa, in comparison, was not, either in land or people, the half of Florence; and that they had no golden money; and that the gold of which those florins had been made was gained by the Florentines above and beyond them, by many victories. Wherefore the said Pisans were put to shame, and the King, both by reason of the florin, and for the words of our wise citizen, made the Florentines free, and appointed for them their own Fondaco, and church, in Tunis, and gave them privileges like the Pisans. And this we know for a truth from the same Peter, having been in company with him at the office of the Priors."

119. I cannot tell you what the value of the piece was at this time: the sentence with which Sismondi concludes his account of it being only useful as an example of the total ignorance of the laws of currency in which many even of the best educated persons at the present day remain.

"Its value," he says always the same, "answers to eleven francs forty centimes of France."

But all that can be scientifically said of any piece of money is that it contains a given weight of a given metal. Its value in other coins, other metals, or other general produce, varies not only from day to day, but from instant to instant.

120. With this coin of Florence ought in justice to be ranked the Venetian zecchin; {1} but of it I can only thus give you account in another place,—for I must at once go on now to tell you the first use I find recorded, as being made by the Florentines of their new money.

{Footnote 1: In connection with the Pisans' insulting intention by their term of Arabs, remember that the Venetian 'zecca,' (mint) came from the Arabic 'sehk,' the steel die used in coinage.}

They pursued in the years 1253 and 1254 their energetic promulgation of peace. They ravaged the lands of Pistoja so often, that the Pistojese submitted themselves, on condition of receiving back their Guelph exiles, and admitting a Florentine garrison into Pistoja. Next they attacked Monte Reggione, the March-fortress of the Sienese; and pressed it so vigorously that Siena was fain to make peace too, on condition of ceasing her alliance with the Ghibellines. Next they ravaged the territory of Volterra: the townspeople, confident in the strength of their rock fortress, came out to give battle; the Florentines beat them up the hill, and entered the town gates with the fugitives.

121. And, for note to this sentence, in my long-since-read volume of Sismondi, I find a cross-fleury at the bottom of the page, with the date 1254 underneath it; meaning that I was to remember that year as the beginning of Christian warfare. For little as you may think it, and grotesquely opposed as this ravaging of their neighbours' territories may seem to their pacific mission, this Florentine army is fighting in absolute good faith. Partly self-deceived, indeed, by their own ambition, and by their fiery natures, rejoicing in the excitement of battle, they have nevertheless, in this their "year of victories,"—so they ever afterwards called it,—no occult or malignant purpose. At least, whatever is occult or malignant is also unconscious; not now in cruel, but in kindly jealousy of their neighbours, and in a true desire to communicate and extend to them the privileges of their own new artizan government, the Trades of Florence have taken arms. They are justly proud of themselves; rightly assured of the wisdom of the change they have made; true to each other for the time, and confident in the future. No army ever fought in better cause, or with more united heart. And accordingly they meet with no check, and commit no error; from tower to tower of the field fortresses,—from gate to gate of the great cities,—they march in one continuous and daily more splendid triumph, yet in gentle and perfect discipline; and now, when they have entered Volterra with her fugitives, after stress of battle, not a drop of blood is shed, nor a single house pillaged, nor is any other condition of peace required than the exile of the Ghibelline nobles. You may remember, as a symbol of the influence of Christianity in this result, that the Bishop of Volterra, with his clergy, came out in procession to meet them as they began to run {1} the streets, and obtained this mercy; else the old habits of pillage would have prevailed.

{Footnote 1: Corsona la citta senza contesto niuno."—Villani.}

122. And from Volterra, the Florentine army entered on the territory of Pisa; and now with so high prestige, that the Pisans at once sent ambassadors to them with keys in their hands, in token of submission. And the Florentines made peace with them, on condition that the Pisans should let the Florentine merchandize pass in and out without tax;—should use the same weights as Florence,—the same cloth measure,—and the same alloy of money.