Alexios IV realised that his promises were hard to keep. Alexios III had managed to flee with 1,000 pounds of gold and some priceless jewels, leaving the imperial treasury short on funds. At that point the young emperor ordered the destruction and melting of valuable Byzantine and Roman icons in order to extract their gold and silver, but even then he could only raise 100,000 silver marks. In the eyes of all Greeks who knew of this decision, it was a shocking sign of desperation and weak leadership, which deserved to be punished by God. The Byzantine historian Nicetas Choniates characterized it as "the turning point towards the decline of the Roman state".