made the said florins. And the Pisans answered in spite and envy, 'They are our land Arabs.' The King answered wisely, 'It does not appear to me Arabs' money; you Pisans, what golden money have you got?' Then they were confused, and knew not what to answer. So he asked if there was any Flon-ntine among them. And there was found a merchant from the other-side-Arno, by name Peter Balducci, discreet and wise. The King asked him of the state and being of Florence, of which the Pisans made their Arabs,—who answered him wisely, showing the power and magnificence of Florence; and how Pisa, in comparison, was not, either in land or people, the half of Florence; and that they had no golden money; and that the gold of which those florins had been made was gained by the Florentines above and beyond them, by many victories. Wherefore the said Pisans were put to shame, and the King, both by reason of the florin, and for the words of our wise citizen, made the Florentines free, and appointed for them their own Fondaco, and church, in Tunis, and gave them privileges like the Pisans. And this we know for a truth from the same Peter, having been in company with him at the office of the Priors."
