Al nome del signor Iddio, Ferrara 1690
Only Edition - Community - Jewish loans and bank
- Final Bid Price: $200.00 Reserve Price Not Met
- 5 Bid(s) View Bid History
- Lot Number 52917
- Title (English) Al nome del signor Iddio questo di 14. Marzo 1690
- Note Only Edition - Community - Jewish loans and bank
- City Ferrara
- Publisher nella Camerali
- Publication Date MDCLXXXVIII 
- Estimated Price - Low 1,000
- Estimated Price - High 3,000
- Item # 2272032
- End Date
- Start Date
 pp.. folio, 295:215 mm., light age and damp staining, wide margins. A very good copy as issued.
Rare, only three copies found: one each at Columbia University, John Hopkins, and the other at NYPL.
Rules for the collection of interest on bank loans extended to the Jewish Community of Ferrara. The decree reinforces a decree issued by the Cardinal Legate on 21 April 1689 banking and the collection of interest on Jewish properties in the Ferrara Ghetto to the "Monte di Pieta", a Christian bank in Italy.
MONTI DI PIETÀ (Montes pietatis ), savings and loan agencies originally formed in Italian cities in the mid-15 century; considered as the predecessors of the modern credit union. Historically, the word mons was used during the Middle Ages to designate funds collected for a specific purpose, pietatis being added to identify them as non speculative. The initial object of the monti was to provide loans at a relatively low rate of interest (4–15%) to small artisans and dealers and to the poor in general, on the pledge of various goods. The interest was used to defray administrative expenses and salaries of employees. The formation of the monti was the result of a combination of factors, both economic and theological. It arose from the decline of handicrafts and the ensuing impoverishment of the masses, and a scarcity of money; and from the desire to oust the Jews from the business of moneylending, which they had successfully practiced as their principal profession. The growing prosperity of Jewish bankers aroused the wrath of the Franciscans who, as some historians have pointed out, themselves often came from the ranks of the "new aristocracy," the merchant class.