Company

Fugger bank (Jakob Fugger, Augsburg)

Documented money flows

REL-1.3: A debt bond of 15 May 1514, printed by Schulte, records that Albert of Brandenburg owed Jakob Fugger about 21,000 ducats de camera, at 100 ducats to 140 gulden, plus 500 gulden for exchange, which Schulte reports was for the fees for confirming Albert's election as archbishop of Mainz. The bond sets the first instalment at St. James's day (25 July) and the second at Michaelmas (29 September) 1514. Schulte gives the total as 29,000 Rhenish gulden and glosses the second date as 29 October.
REL-1.4: Schulte reports that the commissioners' order of 28 May 1517 gave Jakob Fugger one of the keys to the indulgence chests and directed that, after costs, one half of the contents go to the Fugger as the papal share and the other half to the Fugger in payment of Albert's debt.
REL-1.9: Schulte's 1904 archival study concluded that the proposal for the St. Peter's indulgence reached Albert's envoys through the papal Datary and did not originate with Albert, that the procedure of chests opened under a notary with Fugger's key left the preachers no opportunity to enrich themselves, and that the venture was a poor business for Albert.

Exhibit 404 15 May 1514. Albert of Brandenburg; Fugger bank: Albert of Brandenburg's debt bond to Jakob Fugger for the Mainz confirmation fees
Exhibit 405 28 May 1517. Papal commissioners for Mainz-Magdeburg: Commissioners' order of 28 May 1517 giving Jakob Fugger a key to each indulgence chest
Exhibit 406 1904. Aloys Schulte (Leipzig: Duncker & Humblot): Die Fugger in Rom, 1495-1523, mit Studien zur Geschichte des kirchlichen Finanzwesens jener Zeit