By Michael Freedland
From his tough beginnings to his early good fortune as a crooner worshipped through bobby-soxers, Freedland's biography follows Sinatra's fall as a singer out of fashion and an actor categorized box-office poison, to his triumph as Oscar winner and leisure legend.
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Extra info for All the Way: A Biography of Frank Sinatra 1915-1998
Others, notably Archbishop (later Saint) Antonino of Florence, consider that since the deposit is made in the hope of gain—for the gift is certainly discussed—then this is “mental usury”; the intention is there and the absence of a contract makes no difference. It is a mortal sin. Despite the secrecy, we know of many famous holders of discretionary deposits. One was Henry Beaufort, bishop of Winchester, half brother of Henry IV. Was his soul at risk? Cardinal Hermann Dwerg, close friend of Pope Martin V, is said to have lived in “a spirit of evangelical poverty,” while keeping 4,000 Roman florins in a discretionary deposit and accepting Cosimo de’ Medici’s annual gifts.
They were obliged to list their incomes and possessions. Spared that annoyance, the women leave only the value of their dowries. Giovanni di Bicci was not a pleb made good. The Medici had appeared often enough on the parchments that recorded the names of the so-called priors of the city, the nine men who formed the government. But he wasn’t wealthy either. He and his four brothers had to share the 800 florins their mother left at her death. Assessed for tax, Giovanni was found liable for a contribution of only 12 HW871501_Text 18/07/2013 18:03:50 20 Tim Parks florins.
A transaction would always be recorded, but its true nature was often camouflaged. What matters, the bankers appreciated, is that you must not be manifestly in the wrong. Obviously, if a bank failed to produce its gift, the clerical customer took his cash elsewhere. HW871501_Text 18/07/2013 18:03:50 Medici Money 25 But why would a cardinal in Rome put his money in a bank that—quite apart from the problem of usury—might, and often did, fail? Why not invest it, sin-free, in property, which was rapidly increasing its value in the city and immediately surrounding countryside, or again in jewels?
All the Way: A Biography of Frank Sinatra 1915-1998 by Michael Freedland