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CHAP. CLX.
Of Florence, and the Trade thereof.
THe Citie of Florence is seated neere the confluence of two Rivers, Arne and Chiane, and is a very faire * 1.1 Citie, and abounding with publique and private buildings of great beauty, and therefore by some supposed to be called Florencia, a situ Florenti; it is in compasse sixe miles, and is the residence of the Duke, who heere hath a sumptuous Pallace: the greatest part of the trade thereof doth consist in the fabriques of Silkes that heere are made, and are hence properly called, and in the Exchanges heere used and practised by Bankers, for all parts of Europe, the inhabitants having lost the honour of Merchandising, which anciently they had, when eminent Factors from hence were sent into Flanders and Eng∣land and to other countries to reside, who mannaged a very great trade, now totally decaied what I have found from others or obser∣ved my selfe: in Anno 1619. when I was heere I shall set downe for the present occurrences of the place.
The Merchants doe heere keepe their accounts in Livers, Sold and * 1.2 Deniers, 12. Deniers making a Sol, and 20. Sol a Liver; and others a∣gaine in Crownes, Sol and Deniers of Gold, of Livers 7½. per Crowne, accounting 12. Deniers to a Sol, and 20. Sol to a Crowne, but all their commodities are sould by Livers, Sold, and Denieres of their monies, and to reduce Livers into Crownes, multiply by 2. and divide by 15. because 15. halfe Livers make a Crowne, and to reduce the said Li∣vers into Duccats, 〈◊〉〈◊〉 is to be taken.
The Coynes currant are the Duccats of Florence and the Picols.
The Duccat is worth 7. Livers or 70. Bolognini. * 1.3
The Crowne is worth 7½. Livers in Picholi, whereas the custome is different from other Countries, wherein the Crowne of gold is not found to have any constant rate with the currant money of the place, and is adjusted therewith according to the rate of the Exchange.
The Liver is 20. Sold, and accounted to be nine pence starling.
The Duccat being 7. Livers, is accounted their 5. s. 3. d. starlin.
The Seudo or Crowne of 7½. Livers, is consequently 5. s. 7½. starlin.
The Liver is also divided to 12. Chraches, whereof 8. is a Iulio, which is 6. d. starling; 5. Quatrins is a Cr•…•…ch, and 60. Craches makes a Liver.