Note 350 — Chapter VI · THE COMMERCIAL INTERESTS AND POLICY OF THE GREATER GUILDS IN FLORENCE.338
Linda Villari translation
"Again, a law was passed in 1371, inasmuch as many men traded the shares of the Monte in this wise: One said to another: 'the shares of the Monte are at thirty; I wish to do some business with you to-day. This time next year I'll sell to you, or you to me, at what price shall we say?' At thirty-one the share [of one hundred]? 'What premium do you ask for this?' So they bargained, and the terms were fixed. When shares fell, the merchant bought, if they rose, he sold out, and the stock changed hands twenty times in the year. Accordingly a tax was charged of two florins in the hundred for every transfer." Marchionne di Coppo Stefani, vol. viii. p. 97, in the "Delizie degli Eruditi Toscani," vol. xiv.