I found the below article on I Love Typography and have copied it here for your convenience. To see the original article, please visit I Love Typography's excellent website. Keith Houston, the author, is the founder of shadycharacters.co.uk. His latest book, The Book: A Cover-to-Cover Exploration of the Most Powerful Object of Our Time, is available now from W.W. Norton & Co.
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In 1450, Johannes Gutenberg entered into an agreement with one Johann Fust, a Mainzer goldsmith and guildsman, to borrow a staggering 800 Rheingulden at 6 percent interest. Gutenberg’s sales pitch must have been convincing, for Fust would later testify that he himself had borrowed money in order to fund the loan. Gutenberg sank the money into his workshop and promptly defaulted upon the interest payments. Fust must have been incandescent in his rage, and yet, two years later, as recorded in the inevitable court judgment, he would go on to lend Gutenberg another 800 Rheingulden on the condition that Gutenberg take on Fust’s adopted son, Peter Schöffer, as his foreman. Gutenberg assented, Schöffer was hired, and Fust paid out the second loan.
Posted by Erich Shelton. Posted In : Educational