And you will have instructed or told us the way we have to operate the settlement date is on the 23rd. We promised to the Medici 420 cameral florins drawn by your letter due six days after use. “The 52 ¾ florins delivered by the Tornaquinci will be due soon, as soon as this happens we’ll credit them to you. We will do it as soon as we find deliverers and we will let you know. On the same day, the 7th of September, we credited the Medici 40 lire di grossi for 415 cameral florins here to give to you, and since we do not find money to be drawn if not at 3 ¼, we did not send to you the missing sum. As we already said to you, we paid the Medici 840 florins and we recorded the sum to your credit. “On the 7th of September we received your last letter, and we answered late. The Baroncelli family is one of the great old Florentine families, whose names appear throughout the city on churches, paintings, etc…Īutograph letter signed, “In Mantua on the 14th of September 1459, from Francesco Baroncelli and Giovanni Rucellai and partners at the court, to the Baldesi family in Venice. Sepolcro chapel and of the marble façade of the church of Santa Maria Novella, and as author of the Zibaldone. He held political posts under Cosimo and Lorenzo de’ Medici, and is remembered for building Palazzo Rucellai, for his patronage of the S. Giovanni di Paolo Rucellai was a member of a wealthy family of wool merchants in Renaissance Florence. In the early 15th century, the firm moved its main office to flourishing Venice, though its roots in Florence allowed it access to the great patrons, banks, and clients who were there. They traded in silk from Iran, goods from Indonesia, and of course lent money. The Baldesi Firm was involved in the trade in many countries, stretching from the silk road the end of the known civilization in the West – England. Their extension of credit, ability to trade across country boundaries, and the increasing affluence of the wealthy, allowed for a ready market for luxury goodsĪmong these early Florentine Banks was Baldesi Firm, established by Turino Baldesi and quickly a client of the Medici firm, with which it did extensive business. Some estimates say that the Medici family was, for a period of time, the wealthiest family in Europe.īanks in that period did not just loan money, they engaged in international and local trade in a way unprecedented before. It was the largest and most respected bank in Europe. ![]() The most famous Italian bank was the Medici bank, established by Giovanni Medici in 1397. A period of crucial historical development of the modern banking system is late Medieval and Renaissance Italy, and particularly the affluent cities of Florence, Venice and Genoa.
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