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232 himself. Nevertheless, I gave him as an example of frankness; but by no means of honesty. He is simply the boldest and royalest of Free Riders; the campaign of Crecy is, throughout, a mere pillaging foray. And the first point I wish you to notice is the difference in the pecuniary results of living by robbery, like Edward III., or by agriculture and just commerce, like the town of Florence. That Florence can lend five millions to the King of England, and lose them with little care, is the result of her olive gardens and her honesty. Now hear the financial phenomena attending military exploits, and a life of pillage.

276. I give you them in this precise year, 1338, in which the King of England failed to the Florentines.

"He obtained from the prelates, barons, and knights of the shires, one half of their wool for this year—a very valuable and extraordinary grant. He seized all the tin" (above-ground, you mean, Mr. Henry!) "in Cornwall and Devonshire, took possession of the lands of all priories alien, and of the money, jewels, and valuable effects of the Lombard merchants. He demanded certain quantities of bread, corn, oats