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Henry VII. was not an economist far in advance of the theories of his age; but economic considerations, as they were then understood, carried much more weight, and generally played a much larger part in his policy than was customary with the king-craft of the times, or with state-craft outside the commercial republic of Venice, the commercial association of German Free cities known as the Hansa or Hanseatic League, and the Netherlands.

Dante, whose grandmother was a Goth, was not only a poet but a fighter for freedom, taking a leading part in the struggle of the Bianchi against the Neri and Pope Boniface, was born in 1265 and died in 1321; Francis of Assisi, born in 1182, not only represented a democratic influence in the church, but led the earliest revolt against the despotism of money; the movement to found cities and to league cities together for the furtherance of trade and industry, and thus to give rights to whole classes of people hitherto browbeaten by church or state or both, began in Italy; and the alliance of the cities of the Rhine, and the Hansa League, date from the beginning of the thirteenth century; the discovery of how to make paper dates from this time, and printing followed; the revolt of the Albigenses against priestly dominance which drenched the south of France in blood began in the twelfth century; slavery disappeared except in Spain; Wycliffe, born in 1324, translated the Gospels, threw off his allegiance to the papacy, and suffered the cheap vengeance of having his body exhumed and its ashes scattered in the river Swift; Aquinas and Duns Scotus delivered philosophy from the tyranny of theology; Roger Bacon practically introduced the study of natural science; Magna Charta was signed in 1215; Marco Polo, whose statue I have seen among those of the gods, in a certain Chinese temple, began his travels in the thirteenth century; the university of Bologna was founded before 1200 for the untrammelled study of medicine and philosophy; Abelard, who died in 1142, represented, to put it pithily, the spirit of free inquiry in matters theological, and lectured to thousands in Paris.

The treaty not only provided for considerable concessions in matters of navigation and intercourse, but also conceded to the members of the Cologne confederation, comprising about sixty Hansa cities, the right to occupy and to fortify for a period of fifteen years the four chief castles on Skane Helsingborg, Malmo, Scanov, and Falsterbo commanding the sound, the most important maritime highway traversed by the Hanseatic vessels.

For the rest, Flanders was certainly still far ahead of her future rival in wealth, and in mercantile and industrial activity; as a manufacturing country she had no equal, and in trade the rival she chiefly feared was still the German Hansa.

But during the next three centuries, with little shipping and little trade save that carried on by the Hansa, with no enemy that dangerously threatened her by sea, England had neither the motives nor the national strength and unity to develop naval power.

Hakkabut began making a great hubbub when he found that they were burning some of the spars of the Hansa; but he was effectually silenced by Ben Zoof, who told him that if he made any more fuss, he should be compelled to pay 50,000 francs for a balloon-ticket, or else he should be left behind. By Christmas Day everything was in readiness for immediate departure.

Afterwards when Hansa, the subjugator of hostile heroes, heard that Dimvaka, had killed himself, he went to the Yamuna and jumped into its waters. Then, O bull of the Bharata race, king Jarasandha, hearing that both Hansa and Dimvaka had been killed, returned to his kingdom with an empty heart.

The Aetolians, whose -strategus- had commanded in Cius, and the Rhodians, whose attempts at mediation had been contemptuously and craftily frustrated by the king, were especially offended. The Rhodian Hansa and Pergamus Oppose Philip But even had this not been so, the interests of all Greek commercial cities were at stake.

The Hansa, of course, would share a similar fate; in fact, it had already heeled over to such an extent as to render it quite dangerous for its obstinate owner, who, at the peril of his life, resolved that he would stay where he could watch over his all-precious cargo, though continually invoking curses on the ill-fate of which he deemed himself the victim.

A doubtful peace was now concluded with the Danes, but was soon broken by their renewed plunderings of Hanseatic vessels and the obstacles placed by them upon traffic. Another passage at arms was required. The ensuing conflict was the greatest and most glorious ever fought, not only by the Hansa, but by Germany, upon the sea.