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the next turn would rest with her, began to collect her thoughts and take counsel with herself what she should say; after which, having received the queen’s commandment, she proceeded to speak thus, no less resolutely than blithely, β€œNoble ladies, the more it is discoursed of the doings of Fortune, the more, to whoso is fain to consider her dealings aright, remaineth to be said thereof; and at this none should marvel, an he consider advisedly that all the things, which we foolishly style ours, are in her hands and are consequently, according to her hidden ordinance, transmuted by her without cease from one to another and back again, without any method known unto us. Wherefore, albeit this truth is conclusively demonstrated in everything and all day long and hath already been shown forth in diverse of the foregoing stories, nevertheless, since it is our queen’s pleasure that we discourse upon this theme, I will, not belike without profit for the listeners, add to the stories aforesaid one of my own, which methinketh should please.

There was once in our city a gentleman, by name Messer Tedaldo, who, as some will have it, was of the Lamberti family, albeit others avouch that he was of the Agolanti, arguing more, belike, from the craft after followed by his sons,89 which was like unto that which the Agolanti have ever practised and yet practise, than from aught else. But, leaving be of which of these two houses he was, I say that he was, in his time, a very rich gentleman and had three sons, whereof the eldest was named Lamberto, the second Tedaldo and the third Agolante, all handsome and sprightly youths, the eldest of whom had not reached his eighteenth year when it befell that the aforesaid Messer Tedaldo died very rich and left all his possessions, both moveable and immoveable, to them, as his legitimate heirs. The young men, seeing themselves left very rich both in lands and monies, began to spend without check or reserve or other governance than that of their own pleasure, keeping a vast household and many and goodly horses and dogs and hawks, still holding open house and giving largesse and making tilts and tournaments and doing not only that which pertaineth unto men of condition, but all, to boot, that it occurred to their youthful appetite to will.

They had not long led this manner of life before the treasure left by their father melted away and their revenues alone sufficing not unto their current expenses, they proceeded to sell and mortgage their estates, and selling one today and another tomorrow, they found themselves well nigh to nought, without perceiving it, and poverty opened their eyes, which wealth had kept closed. Whereupon Lamberto, one day, calling the other two, reminded them how great had been their father’s magnificence and how great their own and setting before them what wealth had been theirs and the poverty to which they were come through their inordinate expenditure, exhorted them, as best he knew, ere their distress should become more apparent, to sell what little was left them and get them gone, together with himself. They did as he counselled them and departing Florence, without leavetaking or ceremony, stayed not till they came to England, where, taking a little house in London and spending very little, they addressed themselves with the utmost diligence to lend money at usance. In this fortune was so favourable to them that in a few years they amassed a vast sum of money, wherewith, returning to Florence, one after another, they bought back great part of their estates and purchased others to boot and took unto themselves wives.

Nevertheless, they still continued to lend money in England and sent thither, to look to their affairs, a young man, a nephew of theirs, Alessandro by name, whilst themselves all three at Florence, for all they were become fathers of families, forgetting to what a pass inordinate expenditure had aforetime brought them, began to spend more extravagantly than ever and were high in credit with all the merchants, who trusted them for any sum of money, however great. The monies remitted them by Alessandro, who had fallen to lending to the barons upon their castles and other their possessions, which brought him great profit, helped them for some years to support these expenses; but, presently, what while the three brothers spent thus freely and lacking money, borrowed, still reckoning with all assurance upon England, it chanced that, contrary to all expectation, there broke out war in England between the king and his son, through which the whole island was divided into two parties, some holding with the one and some with the other; and by reason thereof all the barons’ castles were taken from Alessandro nor was there any other source of revenue that answered him aught. Hoping that from day to day peace should be made between father and son and consequently everything restored to him, both interest and capital, Alessandro departed not the island and the three brothers in Florence no wise abated their extravagant expenditure, borrowing more and more every day. But, when, after several years, no effect was seen to follow upon their expectation, the three brothers not only lost their credit, but, their creditors seeking to be paid their due, they were suddenly arrested and their possessions sufficing not unto payment, they abode in prison for the residue, whilst their wives and little ones betook themselves, some into the country, some hither and some thither, in very ill plight, unknowing what to expect but misery for the rest of their lives.

Meanwhile, Alessandro, after waiting several years in England for peace, seeing that it came not and himseeming that not only was his tarrying there in vain, but that he went in danger of his life, determined to return to Italy. Accordingly, he set out all alone and as chance would have it, coming out of Bruges, he saw an

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