Cinque savi alla mercanzia explained

The Italian: cinque savi alla mercanzia was a magistracy of the Republic of Venice responsible for the oversight of trade and manufacturing.

History

The magistracy was established for the first time, as an interim measure, in 1506,[1] but was made permanent in 1517. The remit of the Italian: cinque savi alla mercanzia was from the beginning very broad, covering all aspects of overland or seaborne trade. The board was tasked with proposing laws to the Full College, reviewing the taxes levied by the Italian: [[governatori delle entrate]] and the Italian: [[provveditori di comun]], and supervising all officials dealing with merchant goods. Along with the Italian: governatori delle entrate and the Italian: provveditori di comun, the Italian: cinque savi alla mercanzia formed a college responsible for setting customs dues on imports and exports.

The magistracy's authority was soon extended to cover wages (1540), the Levantine Jews of the Ghetto of Venice (1541), jurisdiction over the Fondaco dei Tedeschi (1550) and approval of the resolutions of lay associations (1553), the supervision of the Italian: [[cottimo|cottimi]] funds (1570), and of navigation and maritime insurance (1588). Further extensions followed with jurisdiction over Ottoman Jews (1625) and Armenians (1676), combating smuggling (1682)—a special province of a member of the Five known as the Italian: inquisitore—and finally on the sale of tobacco (1723).

In 1708–1756, in an unsuccessful attempt to halt the decline of Venetian commerce, a parallel magistracy, the Italian: deputati al commercio, were established, whose meetings had to be attended by at least one of the Italian: cinque savi alla mercanzia.

Sources

Notes and References

  1. For the decree of their establishment, cf. .