To keep up with his expenditures, his chancery created over 2000 saleable offices during his Papacy, including an order of 400 papal Knights of St. Peter, who paid 1000 ducats each for the title and privileges plus an annual interest of ten percent on the purchase price. The total realized from all the offices sold has been estimated at 3 million ducats, six times the Papacy’s annual revenue—and still proved insufficient.
