Foundations of Economic Power
Piotr (d. 1480), the heir of Lubomierz, the town from which he adopted his name, is regarded the progenitor of the Lubomirski family, which emerged from the Szreniawici family. Economic foundations of the family were built on the exploitation of salt mines in Kraków province. Mineshafts were leased from rulers of Poland. The Lubomirski family also established private mines in the Małopolska province. Sebastian (c. 1546 – 1613), who in 1581 became a mine administrator of Kraków, was the creator of economic power. It was the first position in the capital city performed by a representative of the family. While taking it up, Sebastian made use of the support of Stefan Batory. Sebastian received the title of Count of Wiśnicz from the Emperor Rudolf II in 1595; in 1591 he entered the Senate as a governor of Małogoszcz. He opened a private salt mine shaft “Kunegunda” in Siercza, which was exploited for about 100 years.
Money gained from the salt trade allowed the Lubomirski family to lend money even to the richest persons in the country. This, in turn, enabled them to purchase properties or take over them from insolvent debtors. The family built up its economic position for many generations, accumulating assets held for centuries.
Read more about this topic: Lubomirski Family
Famous quotes containing the words economic power, foundations of, foundations, economic and/or power:
“... feminism is a political term and it must be recognized as such: it is political in womens terms. What are these terms? Essentially it means making connections: between personal power and economic power, between domestic oppression and labor exploitation, between plants and chemicals, feelings and theories; it means making connections between our inside worlds and the outside world.”
—Anica Vesel Mander, U.S. author and feminist, and Anne Kent Rush (b. 1945)
“Honorable Senators: My sincerest thanks I offer you. Conserve the firm foundations of our institutions. Do your work with the spirit of a soldier in the public service. Be loyal to the Commonwealth and to yourselves and be brief; above all be brief.”
—Calvin Coolidge (18721933)
“If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.”
—Henry David Thoreau (18171862)
“I believe that history has shape, order, and meaning; that exceptional men, as much as economic forces, produce change; and that passé abstractions like beauty, nobility, and greatness have a shifting but continuing validity.”
—Camille Paglia (b. 1947)
“In night when colours all to black are cast,
Distinction lost, or gone down with the light;
The eyea watch to inward senses placed,
Not seeing, yet still having power of sight
Gives vain alarums to the inward sense”
—Fulke Greville (15541628)