Welser

This article is about the merchant family of Augsburg. For other persons with the name, see Welser (surname).
16th-century woodcut of the Welser coat of arms by Jost Amman

Welser was a German banking and merchant family, originally a patrician family from Augsburg, that rose to great prominence in international high finance in the 16th century as financiers of Charles V, Holy Roman Emperor. Along with the Fugger family, the Welser family controlled large sectors of the European economy, and accumulated enormous wealth through trade and the German colonization of the Americas. The family received colonial rights of the Province of Venezuela from the Charles I King of Spain in 1528, becoming owners and rulers of the South American colony of Klein-Venedig (within modern Venezuela), but were deprived of their rule in 1556. Philippine Welser (1527–1580), famed for both her learning and her beauty, was married to Archduke Ferdinand, Emperor Ferdinand I's son.[1][2]

Claiming descent from the Byzantine general Belisarius, the family is known since the 13th century. By the early Age of Discovery, the Welser family had established trading posts in Antwerp, Lyon, Madrid, Nuremberg, Sevilla, Lisbon, Venice, Rome and Santo Domingo. The Welsers financed not only the Emperor, but also other European monarchs.

History

Philippine Welser, wife of Ferdinand II, Archduke of Austria, portrait at Ambras Castle

The history of the family can be traced back to the 13th century. Later its members became widely known as prominent merchants. In the 15th and 16th centuries, branches of the family settled at Nuremberg and in Austria, respectively.

The Venezuela purchase

Bartholomeus V. Welser, engraving by Georg Christoph Eimmart
The Welser Armada exploring the Welser's colony Venezuela
The galleon La Santa Trinidad, a ship that formed part of the expedition to Venezuela on behalf of the Welser family

Bartholomeus V. Welser lent the Emperor Charles V a great sum of money for which in 1528 he received as security the Province of Venezuela, developing it as Klein-Venedig (little Venice) but in consequence of their rapacious acts the Welsers were deprived of their rule before the Emperor's reign was over. His son, Bartholomeus VI. Welser, explored Venezuela and was executed by local Spanish Governor Juan de Carvajal in 1546.

Habsburg marriage

Bartholomäus's niece, Philippine (1527–80), daughter of Franz Welser, renowned for her learning and beauty, secretly married the Archduke Ferdinand, second son of the Emperor Ferdinand I. She was given the titles Baroness of Zinnenburg, Margravine of Burgau, Landgravine of Nellenburg and Countess of Oberhohenberg and Niederhohenberg. Their children were debarred from inheriting their father's rank as Archdukes of Austria; their son Margrave Andrew of Burgau became a cardinal and Charles, Margrave of Burgau became a noted General.

Other members

Another member of the Welser family, Markus Welser (1558–1614), became famous for his learning. He was a humanist, historian, publisher and from 1611 Bürgermeister of Augsburg.

Carl Wilhelm Welser von Neunhof (1663–1711) was a mayor of Nuremberg.

Branches and nobility

Bartholomeus V. Welser was ennobled by the Emperor in 1532. The Augsburg main line became extinct in 1797, the Nuremberg branch in 1878. The Ulm branch, which became Imperial Barons in 1713, still exists. The Welsersche Familienstiftung, founded on 1 April 1539, still exists and has owned numerous castles in Germany. Following the extinction of the more senior lines of the family, the Ulm branch became administrators of the foundation.

Legacy

In Augsburg, a museum of Welser and Fugger history is planned (Fugger und Welser Erlebnismuseum).[3][4]

References

  1. ↑ F. Roth: "Welser." In: Allgemeine Deutsche Biographie (ADB). Vol. 41, Duncker & Humblot, Leipzig 1896, pp. 682–692.
  2. ↑  This article incorporates text from a publication now in the public domain: Gilman, D. C.; Thurston, H. T.; Colby, F. M., eds. (1905). "Welser". New International Encyclopedia (1st ed.). New York: Dodd, Mead.
  3. ↑ http://fugger-und-welser-museum.byseum.de/de/home
  4. ↑ http://www.augsburger-allgemeine.de/augsburg/Museum-fuer-die-Fugger-und-Welser-id3469031.html

Literature

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