In the year 1484 , all Italy combined against the Venetians, who finding their position desperate, and being unable to keep their army any longer in the field, bribed Signer Lodovico, who then governed Milan, and so succeeded in effecting a settlement, whereby they not only recovered the towns they had lost, but also obtained for themselves a part of the territories of Ferrara; so that those were by peace the gainers, who in war had been the losers. Not many years ago the whole world was banded together against France; but before the war came to a close, Spain breaking with the confederates and entering into a separate treaty with France, the other members of the league also, were presently forced to make terms.
Wherefore we may always assume when we see a war set on foot by many against one, that this one, if he have strength to withstand the first shock, and can temporize and wait his opportunity, is certain to prevail. But unless he can do this he runs a thousand dangers: as did the Venetians in the year 1508 , who, could they have temporized with the French, and so got time to conciliate some of those who had combined against them, might have escaped the ruin which then overtook them. But not possessing such a strong army as would have enabled them to temporize with their enemies, and consequently not having the time needed for gaining any to their side, they were undone. Yet we know that the Pope, as soon as he had obtained what he wanted, made friends with them, and that Spain did the like; and that both the one and the other of these powers would gladly have saved the Lombard territory for themselves, nor would, if they could have helped it, have left it to France, so as to augment her influence in Italy.
The Venetians, therefore, should have given up a part to save the rest; and had they done so at a time when the surrender would not have seemed to be made under compulsion, and before any step had been taken in the direction of war, it would have been a most prudent course; although discreditable and probably of little avail after war had been begun. But