The Signory, desirous of a compromise, since they could not restrain them by force, appointed four of the Colleagues to proceed to the palace of the provost, and endeavor to learn what was their intention.  They found that the leaders of the plebeians, with the Syndics of the trades and some citizens, had resolved to signify their wishes to the Signory.  They therefore returned with four deputies of the plebeians, who demanded that the woolen trade should not be allowed to have a foreign judge; that there should be formed three new companies of the arts; namely, one for the wool combers and dyers, one for the barbers, doublet-makers, tailors, and such like, and the third for the lowest class of people.  They required that the three new arts should furnish two Signors; the fourteen minor arts, three; and that the Signory should provide a suitable place of assembly for them.  They also made it a condition that no member of these companies should be expected during two years to pay any debt that amounted to less than fifty ducats; that the bank should take no interest on loans already contracted, and that only the principal sum should be demanded; that the condemned and the banished should be forgiven, and the admonished should be restored to participation in the honors of government.  Besides these, many other articles were stipulated in favor of their friends, and a requisition made that many of their enemies should be exiled and admonished.  These demands, though grievous and dishonorable to the republic, were for fear of further violence granted, by the joint deliberation of the Signors, Colleagues, and Council of the people.  But in order to give it full effect, it was requisite that the Council of the Commune should also give its consent; and, as they could not assemble two councils during the same day it was necessary to defer it till the morrow.  However the trades appeared content, the plebeians satisfied; and both promised, that these laws being confirmed, every disturbance should cease.

On the following morning, while the Council of the Commune were in consultation, the impatient and volatile multitude entered the piazza, under their respective ensigns, with loud and fearful shouts, which struck terror into all the Council and Signory; and Guerrente Marignolli, one of the latter, influenced more by fear than anything else, under pretense of guarding the lower doors, left the chamber and fled to his house.  He was unable to conceal himself from the multitude, who, however, took no notice, except that, upon seeing him, they insisted that all the Signors should quit the palace, and declared that if they refused to comply, their houses should be burned and their families put to death.