123. You see that Mr. Adam Smith was not altogether the originator of the idea of free trade; and six hundred years have passed without bringing Europe generally to the degree of mercantile intelligence, as to weights and currency, which Florence had in her year of victories.

The Pisans broke this peace two years afterwards, to help the Emperor Manfred; whereupon the Florentines attacked them instantly again; defeated them on the Serchio, near Lucca; entered the Pisan territory by the Val di Serchio; and there, cutting down a great pine tree, struck their florins on the stump of it, putting, for memory, under the feet of the St. John, a trefoil "in guise of a little tree." And note here the difference between artistic and mechanical coinage. The Florentines, using pure gold, and thin, can strike their coin anywhere, with only a wooden anvil, and their engraver is ready on the instant to make such change in the stamp as may record any new triumph. Consider the vigour, popularity, pleasantness of an art of coinage thus ductile to events, and easy in manipulution.

124. It is to be observed also that a thin gold coinage like that of the English angel, and these Italian zecchins, is both more convenient and prettier than the massive gold of the Greeks, often so small that it drops through the fingers, and, if of any size, inconveniently large in value.

125. It was in the following year, 1255, that the Florentines made the noblest use of their newly struck florins, so far as I know, ever recorded in any history; and a Florentine citizen made as noble refusal of them. You will find the two stories in Giovanni Villani, Book 6th, chapters 61, 62. One or two important facts are added by Sismondi, but without references. I take his statement as on the whole trustworthy, using Villani's authority wherever it reaches; one or two points I have farther to explain to you myself as I go on.

126. The first tale shows very curiously the mercenary and independent character of warfare, as it now was carried on by the great chiefs, whether Guelph or Ghibelline. The Florentines wanted to send a troop of five hundred horse to assist Orvieto, a Guelph town, isolated on its rock, and at present harrassed upon it. They gave command of this troop to the Knight Guido Guerra de' Conti Guidi, and he and his riders set out for Orvieto by the Umbrian road, through Arezzo, which was at peace with Florence, though a Ghibelline town. The Guelph party within the town asked help from the passing Florentine battalion; and Guido Guerra, without any authority for such action, used the troop of which he was in command in their favour, and drove out the Ghibellines. Sismondi does not notice what is quite one of the main points in the matter, that this troop of horse must have been mainly composed of Count Guido's own retainers, and not of Florentine citizens, who would not have cared to leave their business on such a far-off quest as this help to Orvieto. However, Arezzo is thus brought over to the Florentine interest; and any other Italian state would have been sure, while it disclaimed the Count's independent action, to keep the advantage of it. Not so Florence. She is entirely resolved, in these years of victory, to do justice to all men so far she understands it; and in this case it will give her some trouble to do it, and worse,—cost her some of her fine new florins. For her counter-mandate is quite powerless with Guido Guerra. He has taken Arezzo mainly with his own men, and means to stay there, thinking that the Florentines, if even they do not abet him, will take no practical steps against him. But he does not know this newly risen clan of military merchants, who quite clearly understand what honesty means, and will put themselves out of their way to keep their faith. Florence calls out her trades instantly, and with gules, a dragon vert, and or, a bull sable, they march, themselves, angrily up the Val d'Arno, replace the adverse Ghibellines in Arezzo, and send Master Guido de' Conti Guido about his business. But the prettiest and most curious part of the whole story is their equity even to him, after he had given them all this trouble. They entirely recognize the need he is under of getting meat, somehow, for the mouths of these five hundred riders of his; also they hold him still their friend, though an unmanageable one; and admit with praise what of more or less patriotic and Guelphic principle may be at the root of his disobedience. So when he claims twelve thousand lire,—roughly, some two thousand pounds of money at present value,—from the Guelphs of Arezzo for his service, and the Guelphs, having got no good of it, owing to this Florentine interference, object to paying him, the Florentines themselves lend them the money,—and are never paid a farthing of it back.

127. There is a beautiful "investment of capital" for your modern merchant to study! No interest thought of, and little hope of ever getting back the principal. And yet you will find that there were no mercantile "panics," in Florence in those days, nor failing bankers, {1} nor "clearings out of this establishment—any reasonable offer accepted."

{Footnote: Some account of the state of modern British business in this kind will be given, I hope, in some number of "Fors Clavigera" for this year, 1874.}

128. But the second story, of a private Florentine citizen, is better still.

In that campaign against Pisa in which the florins were struck on the root of pine, the conditions of peace had been ratified by the surrender to Florence of the Pisan fortress of Mutrona, which commanded a tract of seaboard below Pisa, of great importance for the Tuscan trade. The Florentines had stipulated for the right not only of holding, but of destroying it, if they chose; and in their Council of Ancients, after long debate, it was determined to raze it, the cost of its garrison being troublesome, and the freedom of seaboard all that the city wanted. But the Pisans feeling the power that the fortress had against them in case of future war, and doubtful of the issue of council at Florence, sent a private negotiator to the member of the Council of Ancients who was known to have most influence, though one of the poorest of them, Aldobrandino Ottobuoni; and offered him four thousand golden florins if he would get the vote passed to raze Mutrona. The vote had passed the evening before. Aldobrandino dismissed the Pisan ambassador in silence, returned instantly into the council, and without saying anything of the offer that had been made to him, got them to reconsider their vote, and showed them such reason for keeping Mutrona in its strength, that the vote for its destruction was rescinded. "And note thou, oh reader," says Villani, "the virtue of such a citizen, who, not being rich in substance, had yet such continence and loyalty for his state."

129. You might, perhaps, once, have thought me detaining you needlessly with these historical details, little bearing, it is commonly supposed, on the subject of art. But you are, I trust, now in some degree persuaded that no art, Florentine or any other, can be understood without knowing these sculptures and mouldings of the national soul. You remember I first begun this large digression when it became a question with us why some of Giovanni Pisano's sepulchral work had been destroyed at Perugia. And now we shall get our first gleam of light on the matter, finding similar operations carried on in Florence. For a little while after this speech in the Council of Ancients, Aldobrandino died, and the people, at public cost, built him a tomb of marble, "higher than any other" in the church of Santa Reparata, engraving on it these verses, which I leave you to construe, for I cannot:—