Collection ID: 0002 | Metadata type: TEI | TEI XML | Data

Title

Authors

• Guardini, Clemente

Call number

Alternate identifiers

• bibid: 4487777
• http://hdl.library.upenn.edu/1017/d/medren/4487777

Publisher

Language

Origin

Date

1602

Place

Pisa

Summary

Ledger of accounts of Filippo and Piero Mannelli for the "fair" of 1602 that was held in Pisa, northern Italy, probably written by Clemente Guardini (signature, f. 1r). It contains short descriptions of the transactions, which were probably made using bills of exchange, their amounts and, in certain cases, the name of the counterpart involved (including members of some of the most important Florentine families, such as the Amadori and the Capponi). A bill of exchange is a written order by one person to his bank to pay the bearer a specific sum on a specific date. Prior to the advent of paper currency, bills of exchange were a common means of exchange. Filippo and Piero Mannelli appear to be involved in such transactions both as drawers and as drawees. A fair, a usually quarterly event in northern Italy, was one of the largest markets for complex bills of exchange. In these fairs there was no physical delivery of the traded asset, but they attracted large volumes of investors nonetheless. In the event of a fair, like the one in Pisa in 1602 mentioned in the title of the manuscript, businessmen and bankers such as Filippo and Piero Mannelli traded different currencies or commodities and these transactions usually happened via bills of exchange. Some merchants purchased considerable numbers of bills of exchange from various counterparts (such as Filippo and Piero Mannelli) to hedge the risk of the transactions, and made money betting on the difference of prices of the same asset which occurred on different markets because the same asset (in this case currencies and commodities such as gold and silver) does not trade at the same price in all markets.

Notes

• Ms. codex.
   
• Title from upper cover.
   
• Forms part of: Gondi-Medici Business Records.
   

Watermark

Extent

Foliation

Support

Binding

Layout

Script

Provenance

• Sold by Bernard M. Rosenthal, 1963.
   

Subjects topical

• Accounting--Italy--17th century
• Finance--Italy--Early works to 1800
• Speculation--Early works to 1800

Genres

• Codices
• Accounts
• Ledgers (account books)
• Manuscripts, Italian--17th century
• Manuscripts, European

Licenses

• Text

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  URL

  http://creativecommons.org/licenses/by/4.0/legalcode

• Text

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  URL

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