No More Learning

To the later generations who survived the storms of revolution the period after the Hannibalic war appeared the golden age of Rome, and Cato seemed the model of the Roman statesman. It was in reality the lull before the storm and the epoch of political mediocrities, an age like that of the government of Walpole in England ; and no Chatham was found in Rome to infuse fresh energy into the stagnant life of the nation. Wherever we cast our eyes, chinks and rents are yawning in the old building ; we see workmen busy sometimes in filling them up, sometimes in enlarging them ; but we no where perceive any trace of preparations for thoroughly rebuilding or renewing and the question no longer whether, but simply when, the structure will falL During no epoch did the Roman constitution remain formally so stable as in the period from the Sicilian to the
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chap, xi THE GOVERNMENT AND THE GOVERNED
third Macedonian war and for a generation beyond it; but the stability of the constitution was here, as everywhere, not a sign of the health of the state, but a token of incipient sickness and the harbinger of revolution.
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THE MANAGEMENT OF LAND book in
CHAPTER XII
THE MANAGEMENT OF LAND AND OF CAPITAL
It is in the sixth century of the city that we first find economics. materials for a history of the times exhibiting in some measure the mutual connection of events ; and it is in that
century also that the economic condition of Rome emerges into view more distinctly and clearly. It is at this epoch that the wholesale system, as regards both the cultivation of land and the management of capital, becomes first established under the form, and on the scale, which after wards prevailed; although we cannot exactly discriminate how much of that system is traceable to earlier precedent, how much to an imitation of the methods of husbandry and
of speculation among peoples that were earlier civilized, especially the Phoenicians, and how much to the increasing mass of capital and the growth of intelligence in the nation. A summary outline of these economic relations will conduce to a more accurate understanding of the internal history of Rome. l
Roman
Roman husbandry
applied itself either to the farming
1 In order to gain a correct picture of ancient Italy, it is necessary for us to bear in mind the great changes which have been produced there by modern cultivation. Of the cerealia, ryewas not cultivated in antiquity ; and the Romans of the empire were astonished to find that oats, with which they were well acquainted as a weed, was used by the Germans for making porridge. Rice was first cultivated in Italy at the end of the fifteenth, and maize at the beginning of the seventeenth, century. Potatoes and tomatoes were brought from America ; artichokes seem to be nothing but
chap, XII AND OF CAPITAL 65
of estates, to the occupation of pasture lands, or to the tillage of petty holdings. A very distinct view of the first of these is presented to us in the description given by Cato.
The Roman land -estates were, considered as larger holdings, uniformly of limited extent. That described by Cato had an area of 240 jugera; a very common measure was the so-called centuria of 200 jugera. Where the laborious culture of the vine was pursued, the unit of husbandry was made still less ; Cato assumes in that case an area of 100 jugera. Any one who wished to invest more capital in farming did not enlarge his estate, but acquired several estates; accordingly the amount of 500
Farming of estates. Their size,
381), fixed as the maximum which was allow able to occupy, has been conceived to represent the contents of two or three estates.
jugera
The heritable lease was not recognised in the manage- Manage
ment of Italian private any more than of Roman public ment of the estate.
a cultivated variety of the cardoon which was known to the Romans, yet the peculiar character superinduced by cultivation appears of more recent origin. The almond, again, or " Greek nut," the peach, or " Persian nut," and also the "soft nut" (nux mollusca), although originally foreign to Italy, are met with there at least 150 years before Christ. The date-palm, introduced into Italy from Greece as into Greece from the East, and forming a living attestation of the primitive commercial-religious intercourse between the west and the east, was already cultivated in Italy 300 years before Christ (Liv. x. 47; Pallad. v. a; xi 12, not for its fruit (Plin. H. N. xiii. 4, 26), but, just as in the present day, as a hand some plant, and for the sake of the leaves which were used at public festivals. The cherry, or fruit of Cerasus on the Black Sea, was later in being introduced, and only began to be planted in Italy in the time of Cicero, although the wild cherry indigenous there still later, perhaps, came the apricot, or "Armenian plum. " The citron-tree was not cultivated in Italy till the later ages of the empire the orange was only introduced by the Moors in the twelfth or thirteenth, and the aloe (Agave Americana) from America only in the sixteenth, century. Cotton was first cultivated in Europe by the Arabs. The buffalo also and the silk worm belong only to modern, not to ancient Italy.
obvious that the products which Italy had not originally are for the most part those very products which seem to us truly " Italian " and modern Germany, as compared with the Germany visited by Caesar,
may be called a southern land, Italy has since in no less degree acquired a "more southern" aspect
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66 THE MANAGEMENT OF LAND book hi
land; it occurred only in the case ot the dependent communities. Leases for shorter periods, granted either for a fixed sum of money or on condition that the lessee should bear all the costs of tillage and should receive in return a share, ordinarily perhaps one half, of the produce,1 were not unknown, but they were exceptional and a make- ihift ; so that no distinct class of tenant-farmers grew up in Italy. 2 Ordinarily therefore the proprietor himself superin tended the cultivation of his estates; he did not, however, manage them strictly in person, but only appeared from time to time on the property in order to settle the plan of operations, to look after its execution, and to audit the accounts of his servants. He was thus enabled on the one hand to work a number of estates at the same time, and on the other hand to devote himself, as circumstances might require, to public affairs.
The grain cultivated consisted especially of spelt and wheat, with some barley and millet ; turnips, radishes, garlic, poppies, were also grown, and—particularly as fodder for the cattle — lupines, beans, pease, vetches, and other leguminous plants. The seed was sown ordinarily in autumn, only in exceptional cases in spring. Much activity was displayed in irrigation and draining ; and
1 According to Cato, de R. R. 137 (comp. 16), In the case of a lease with division of the produce the gross produce of the estate, after deduction of the fodder necessary for the oxen that drew the plough, was divided between lessor and lessee (colonus partiarius) in the proportions agreed upon between them. That the shares were ordinarily equal may be conjectured from the analogy of the French tail a chtptel and the similar Italian system of half-and-half leases, as well as from the absence of all trace of any other scheme of partition. It is erroneous to refer to the case of the politor, who got the fifth of the grain or, if the division took place before thrashing, from the sixth to the ninth sheaf (Cato, 136, comp. 5); he was not a lessee sharing the produce, but a labourer assumed in the harvest season, who received his daily wages according to that contract of
partnership (p. 71).
* The lease first assumed real importance when the Roman capitalists
began to acquire transmarine possessions on a great scale ; then indeed they knew bow to value it, when a temporary lease was continued through several generations (Colum. 1. 7, 3).
chap, xil AND OF CAPITAL
67
drainage by means of covered ditches was early in use. Meadows also for supplying hay were not wanting, and even in the time of Cato they were frequently irrigated artificially. Of equal, if not of greater, economic importance than grain and vegetables were the olive and the vine, of which the former was planted between the crops, the latter in vineyards appropriated to itself. 1 Figs, apples, pears, and other fruit trees were cultivated ; and likewise elms, poplars, and other leafy trees and shrubs, partly for the felling of the wood, partly for the sake of the leaves which were useful as litter and as fodder for cattle. The rearing of cattle, on the other hand, held a far less important place in the economy of the Italians than it holds in modern times, for vegetables formed the general fare, and animal food made its appearance at table only exceptionally ; where it did appear, it consisted almost solely of the flesh of swine or lambs. Although the ancients did not fail to perceive
the economic connection between agriculture and the rear ing of cattle, and in particular the importance of producing manure, the modern combination of the growth of corn with the rearing of cattle was a thing foreign to antiquity. The larger cattle were kept only so far as was requisite for the tillage of the fields, and they were fed not on special pasture-land, but, wholly during summer and mostly during winter also, in the stalL Sheep, again, were driven out on the stubble pasture; Cato allows 100 head to 240 jugtra. Frequently, however, the proprietor pre ferred to let his winter pasture to a large sheep-owner, or to hand over his flock of sheep to a lessee who was to
1 That the space between the vines was occupied not by grain, but only at the most by such fodder plants as easily grew in the shade, is evident from Cato (33, comp. 137), and accordingly Columella (iii. 3) calculates on no other accessory gain in the case of a vineyard except the produce of the young shoots sold. On the other hand, the orchard \arbustum) was sown like any corn field (Colum. ii. 9, 6). It was only where the vine was trained on living trees that corn was cultivated in the intervals between them.
Means of cjjrtb.
68 THE MANAGEMENT OF LAND book hi
share the produce, stipulating for the delivery of a certain number of lambs and of a certain quantity of cheese and milk. Swine — Cato assigns to a large estate ten sties —poultry, and pigeons were kept in the farmyard, and fed as there was need ; and, where opportunity offered, a small hare-preserve and a fish-pond were constructed — the modest commencement of that nursing and rearing of game and fish which was afterwards prosecuted to so enormous an extent.
The labours of the field were performed by means of oxen which were employed for ploughing, and of asses, which were used specially for the carriage of manure and for driving the mill ; perhaps a horse also was kept, appar ently for the use of the master. These animals were not reared on the estate, but were purchased ; oxen and horses
at least were generally castrated. Cato assigns to an estate of 100 jugera one, to one of 240 jugera three, yoke of oxen; a later writer on agriculture, Saserna, assigns two yoke to the 200 jugtra. Three asses were, according to Cato's estimate, required for the smaller, and four for the larger, estate.
The human labour on the farm was regularly performed by slaves. At the head of the body of slaves on the estate (Jamilia rusticd) stood the steward (vili'cus, from villa), who received and expended, bought and sold, went to obtain the instructions of the landlord, and in his absence issued orders and administered punishment. Under him were placed the stewardess (vilica), who took charge of the house, kitchen and larder, poultry-yard and dovecot : a number of plough men (bubuld) and common serfs, an ass-driver, a swineherd, and, where a flock of sheep was kept, a shepherd. The number, of course, varied according to the method of hus bandry pursued. An arable estate of 200 jugera without orchards was estimated to require two ploughmen and six serfs : a similar estate with two orchards two plough-
Rani ilavek
chap, XII AND OF CAPITAL
69
men and nine serfs; an estate of 240 jugera with olive plantations and sheep, three ploughmen, five serfs, and
three herdsmen. A vineyard naturally required a larger expenditure of labour : an estate of 100 Jugera with vine- plantations was supplied with one ploughman, eleven serfs, and two herdsmen. The steward of course occupied a freer position than the other slaves : the treatise of Mago advised that he should be allowed to marry, to rear children, and to have funds of his own, and Cato advises that he should be married to the stewardess ; he alone had some prospect, in the event of good behaviour, of obtaining liberty from his master. In other respects all formed a common house hold. The slaves were, like the larger cattle, not bred on the estate, but purchased at an age capable of labour in the slave-market ; and, when through age or infirmity they had become incapable of working, they were again sent with other refuse to the market. 1 The farm-buildings
(villa rustica) supplied at once stabling for the cattle, storehouses
for the produce, and a dwelling for the steward and the slaves ; while a separate country house (villa urband) for the master was frequently erected on the estate. Every slave, even the steward himself, had all the necessaries of life delivered to him on the master's behalf at certain times and according to fixed rates ; and upon these he had to subsist He received in this way clothes and shoes, which were purchased in the market, and which the recipients had
1 Mago, or his translator (in Varro, R. R. , i. 17, 3), advises that slaves should not be bred, but should be purchased not under 22 years of age ; and Cato must have had a similar course in view, as the personal staff of his model farm clearly shows, although he does not exactly say so. Cato (2) expressly counsels the sale of old and diseased slaves. The slave- breeding described by Columella 8), under which female slaves who had three sons were exempted from labour, and the mothers of four sons were even manumitted, was doubtless an independent speculation rather than a part of the regular management of the estate —similar to the trade pursued by Cato himself of purchasing slaves to be trained and sold again (Plutarch, Cat. Mai. 21). The characteristic taxation mentioned in this same passage probably has reference to the body of servants properly so
called (familia urbana).
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Other labourers.
merely to keep in repair ; a quantity of wheat monthly, which each had to grind for himself; as also salt, olives or salted fish to form a relish to their food, wine, and oiL The quantity was adjusted according to the work ; on which account the steward, who had easier work than the common slaves, got scantier measure than these. The stewardess attended to all the baking and cooking ; and all partook of the same fare. It was not the ordinary practice to place chains on the slaves ; but when any one had incurred punishment or was thought likely to attempt an escape, he was set to work in chains and was shut up during the night in the slaves' prison. 1
Ordinarily these slaves belonging to the estate were suf ficient ; in case of need neighbours, as a matter of course, helped each other with their slaves for day's wages. Otherwise labourers from without were not usually employed, except in peculiarly unhealthy districts, where it was found advantageous to limit the amount of slaves and to employ hired persons in their room, and for the ingathering of the harvest, for which the regular supply of labour on the farm
1 In this restricted sense the chaining of slaves, and even of the sons of the family (Dionys. 26), was very old and accordingly chained field- labourers are mentioned by Cato as exceptions, to whom, as they could not themselves grind, bread had to be supplied instead of grain (56). Even in the times of the empire the chaining of slaves uniformly presents itself as a punishment inflicted definitively by the master, provisionally by the steward {Colum. Gal. 13 Ulp. n). If, notwithstanding, the tillage of the fields by means of chained slaves appeared in subsequent times as a distinct system, and the labourers' prison (ergastulum) —an underground cellar with window-aperatures numerous but narrow and not to be reached from the ground by the hand (Colum. —became a necessary part of the farm-buildings, this state of matters was occasioned by the fact that the position of the rural serfs was harder than that of other slaves and therefore those slaves were chiefly taken for it, who had, or seemed to have, committed some offence. That cruel masters, more over, applied the chains without any occasion to do so, we do not mean to deny, and clearly indicated by the circumstance that the law-books do not decree the penalties applicable to slave transgressors against those in chains, but prescribe the punishment of the half-chained. It was precisely the same with branding was meant to be, strictly, a punish ment but the whole flock was probably marked (Diodor. xxxv. Bern ay PkakfUda, p. xxxL).
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did not suffice. At the corn and hay harvests they took in hired reapers, who often instead of wages received from the sixth to the ninth sheaf of the produce reaped, or, if they also thrashed, the fifth of the grain : Umbrian labourers, for instance, went annually in great numbers to the vale of Rieti, to help to gather in the harvest there. The grape and olive harvest was ordinarily let to a contractor, who by means of his men — hired free labourers, or slaves of his own or of others — conducted the gleaning and pressing under the inspection of some persons appointed by the landlord for the purpose, and delivered the produce to the master ; 1 very frequently the landlord sold the harvest on the tree or branch, and left the purchaser to look after the
ingathering.
The whole system was pervaded by the utter regardless- Spirit of
esys
ness characteristic of the power of capital. Slaves and cattle stood on the same level ; a good watchdog, it is said in a Roman writer on" agriculture, must not be on too friendly terms with his fellow-slaves. " The slave and the ox were fed properly so long as they could work, because it would not have been good economy to let them starve ; and they were sold like a worn-out ploughshare when they became unable to work, because in like manner it would not have been good economy to retain them longer. In earlier times religious considerations had here also exercised an alleviating influence, and had released the slave and the
from labour on the days enjoined for festivals and for rest* Nothing is more characteristic of the spirit
plough-ox
1 Cato does not expressly say this as to the vintage, but Varro does so 17), and implied in the nature of the case. It would have been economically an error to fix the number of the slaves on property by the standard of the labours of harvest and least of all, had such been the case, would the grapes have been sold on the tree, which yet was frequently done (Cato, 147).
Columella (ii. la, reckons to the year on an average 45 rainy days and holidays with which accords the statement of Tertullian (De Idolol.
14), that the number of the heathen festival days did not come up to the
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of Cato and those who shared his sentiments than the way in which they inculcated the observance of the holiday in the letter, and evaded it in reality, by advising that, while the plough should certainly be allowed to rest on these days, the slaves should even then be incessantly occupied with other labours not expressly prohibited. On principle no freedom of movement whatever was allowed to them — a slave, so runs one of Cato's maxims, must either work or sleep—and no attempt was ever made to attach the slaves to the estate or to their master by any bond of human sympathy. The letter of the law in all its naked hideousness regulated the relation, and the Romans in dulged no illusions as to the consequences. "So many slaves, so many foes," said a Roman proverb. It was an economic maxim, that dissensions among the slaves ought rather to be fostered than suppressed. In the same spirit
Plato and Aristotle, and no less strongly the oracle of the landlords, the Carthaginian Mago, caution masters against bringing together slaves of the same nationality, lest they should originate combinations and perhaps conspiracies of their fellow-countrymen. The landlord, as we have already said, governed his slaves exactly in the same way as the Roman community governed its subjects in the "country estates of the Roman people," the provinces ; and the world learned by experience, that the ruling state had modelled its new system of government on that of the slave-holder. moreover, we have risen to that little- to-be-envied elevation of thought which values no feature of an economy save the capital invested in we cannot
fifty days of the Christian festal season from Easter to Whitsunday. To these fell to be added the time of rest in the middle of winter after the completion of the autumnal sowing, which Columella estimates at thirty days. Within this time, doubtless, the moveable festival of seed-sowing " (fcrme semenlivat comp. aio and Ovid. Fast 661) uniformly occurred. This month of rest must not be confounded with the holidays for holding courts in the season of the harvest (Plin. Ep. viii. ai, a, el a/. ) and vintage.
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deny to the management of the Roman estates the praise of consistency, energy, punctuality, frugality, and solidity. The pithy practical husbandman is reflected in Cato's description of the steward, as he ought to be. He is the first on the farm to rise and the last to go to bed; he is strict in dealing with himself as well as with those under him, and knows more especially how to keep the stewardess in order, but is also careful of his labourers and his cattle, and in particular of the ox that draws the plough ; he puts his hand frequently to work and to every kind of but never works himself weary like slave; he always at home, never borrows nor lends, gives no entertainments, troubles himself about no other worship than that of the gods of the hearth and the field, and like true slave leaves all dealings with the gods as well as with men to his master; lastly and above all, he modestly meets that master and faithfully and simply, without exercising too little or too much of thought, conforms to the instructions which that master has given. He bad husbandman,
elsewhere said, who buys what he can raise on his own land bad father of household, who takes in hand by day what can be done by candle-light, unless the weather be bad still worse, who does on working-day what might be done on holiday but worst of all he, who in good weather allows work to go on within doors instead of in the open air. The characteristic enthusiasm too of high farming not wanting and the golden rules are laid down, that the soil was given to the husbandman not to be scoured and swept but to be sown and reaped, and that the farmer therefore ought first to plant vines and olives and only thereafter, and that not too early in life, to build himself villa. certain boorishness marks the
system, and, instead of the rational investigation of causes and effects, the well-known rules of rustic experience are uniformly brought forward yet there an evident endea
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vour to appropriate the experience of others and the products of foreign lands : in Cato's list of the sorts of fruit trees, for instance, Greek, African, and Spanish species appear.
The husbandry of the petty farmer differed from that of the estate-holder only or chiefly in its being on a smaller scale. The owner himself and his children in this case worked along with the slaves or in their room. The quantity of cattle was reduced, and, where an estate no longer covered the expenses of the plough and of the yoke that drew the hoe formed the substitute. The culture of the olive and the vine was less prominent, or was entirely wanting.
In the vicinity of Rome or of any other large seat of consumption there existed also carefully -irrigated gardens for flowers and vegetables, somewhat similar to those which one now sees around Naples; and these yielded very abundant return.
Pastoral
"*
Pastoral husbandry was prosecuted on great scale far t^' more than agriculture. An estate in pasture land (saltus) had of necessity in every case an area considerably greater than an arable estate —the least allowance was 800 jugera —and might with advantage to the business be almost
indefinitely extended. Italy so situated in respect of climate that the summer pasture in the mountains and the winter pasture the plains supplement each other already at that period, just as at the present day, and for the most part probably along the same paths, the flocks and herds were driven spring from Apulia to Samnium, and in autumn back again from Samnium to Apulia. The winter pasturage, however, as has been already observed, did not take place entirely on ground kept for the purpose, but was partly the grazing of the stubbles. Horses, oxen, asses, and mules were reared, chiefly to supply the animals
required by the landowners, carriers, soldiers, and so forth
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herds of swine and of goats also were not neglected. But the almost universal habit of wearing woollen stuffs gave a far greater independence and far higher development to the breeding of sheep. The management was in the hands of slaves, and was on the whole similar to the management of the arable estate, the cattle-master (tnagister pecoris) coming in room of the steward. Throughout the summer the shepherd-slaves lived for the most part not under a
roof, but, often miles remote from human habitations, under sheds and sheepfolds; it was necessary therefore that the strongest men should be selected for this employ ment, that they should be provided with horses and arms, and that they should be allowed far greater freedom of movement than was granted to the slaves on arable estates.
In order to form some estimate of the economic results Results.
of this system of husbandry, we must consider the state of
prices, and particularly the prices of grain at this period, transm*.
On an average these were alarmingly low; and that in great measure through the fault of the Roman government, which in this important question was led into the most fearful blunders not so much by its short-sightedness, at by an unpardonable disposition- to favour the proletariate of the capital at the expense of the farmers of Italy. The main question here was that of the competition between transmarine and Italian corn. The grain which was de livered by the provincials to the Roman government, some times gratuitously, sometimes for a moderate compensation, was in part applied by the government to the maintenance of the Roman official staff and of the Roman armies on the spot, partly given up to the lessees of the decumae on condition of their either paying a sum of money for it or of their undertaking to deliver certain quantities of grain at Rome or wherever else it should be required. From the time of the second Macedonian war the Roman armies were uniformly supported by transmarine corn, and, though
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THE MANAGEMENT OF LAND book hi
this tended to the benefit of the Roman exchequer, it cut off the Italian farmer from an important field of consumption for his produce. This however was the least part of the mischief. The government had long, as was reasonable, kept a watchful eye on the price of grain, and, when there was a threatening of dearth, had interfered by well-timed purchases abroad; and now, when the corn- deliveries of its subjects brought into its hands every year large quanti ties of grain — larger probably than were needed in times of peace — and when, moreover, opportunities were presented to it of acquiring foreign grain in almost unlimited quantity at moderate prices, there was a natural temptation to glut the markets of the capital with such grain, and to dispose of it at rates which either in themselves or as compared with the Italian rates were ruinously low. Already in the
203-200. years 551-554, and in the first instance apparently at the suggestion of Scipio, 6 modii (ij bush. ) of Spanish and African wheat were sold on public account to the citizens of Rome at 24 and even at 12 asses (is. id. or iod. ).
196. Some years afterwards (558), more than 240,000 bushels of Sicilian grain were distributed at the latter illusory price in the capital. In vain Cato inveighed against this short sighted policy : the rise of demagogism had a part in and these extraordinary, but presumably very frequent, distributions of grain under the market price the government or individual magistrates became the germs of the subsequent corn-laws. But, even where the trans marine corn did not reach the consumers in this extra ordinary mode, injuriously affected Italian agriculture.
Not only were the masses of grain which the state sold off to the lessees of the tenths beyond doubt acquired under ordinary circumstances by these so cheaply that, when re-sold, they could be disposed of under the price of pro duction but — probable that the provinces, particu larly in Sicily in consequence partly of the favourable
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nature of the soil, partly of the extent to which wholesale fanning and slave-holding were pursued on the Carthaginian system (ii. 138) — the price of production was in general considerably lower than in Italy, while the transport of Sicilian and Sardinian corn to Latium was at least as cheap as, if not cheaper than, its transport thither from Etruria, Campania, or even northern Italy. In the natural course of things therefore transmarine corn could not but flow to the peninsula, and lower the price of the grain produced there. Under the unnatural disturbance of relations oc casioned by the lamentable system of slave-labour, it would perhaps have been justifiable to impose a duty on trans marine corn for the protection of the Italian farmer ; but the very opposite course seems to have been pursued, and with a view to favour the import of transmarine corn to Italy, a prohibitive system seems to have been applied in the provinces —for though the Rhodians were allowed to export a quantity of corn from Sicily by way of special favour, the export of grain from the provinces must probably, as a rule, have been free only as regarded Italy, and the transmarine corn must thus have been monopolized for the benefit of the mother-country.
The effects of this system are clearly evident. A year of extraordinary fertility like 504 — when the people of the capital paid for 6 Roman modii {\\ bush. ) of spelt not more than $ of a denarius (about $d. ), and at the same price there were sold 180 Roman pounds (a pound =11 oz. ) of dried figs, 60 pounds of oil, 72 pounds of meat, and 6 congii ( = 4J gallons) of wine — is scarcely by reason of its very singularity to be taken into account; but other facts speak more distinctly. Even in Cato's time Sicily was called the granary of Rome. In productive years Sicilian and Sardinian corn was disposed of in the Italian ports for
the freight. In the richest corn districts of the peninsula —the modern Romagna and Lombardy — during the time
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Revolution °
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of Polybius victuals and lodgings in an inn cost on an average half an as (\d. ) per day ; a bushel and a half of wheat was there worth half a denarius (4*/. ). The latter average price, about the twelfth part of the normal price elsewhere,1 shows with indisputable clearness that the producers of grain in Italy were wholly destitute of a market for their produce, and in consequence corn and corn-land there were almost valueless.
In a great industrial state, whose agriculture cannot ke<* 'ts population, such a result might perhaps be regarded as useful or at any rate as not absolutely injurious ; but a country like Italy, where manufactures were inconsiderable and agriculture was altogether the mainstay of the state, was in this way systematically ruined, and the welfare of the nation as a whole was sacrificed in
the most shameful fashion to the interests of the essentially unproductive population of the capital, to which in fact bread could never become too cheap. Nothing perhaps
evinces so clearly as this, how wretched was the constitution and how incapable was the administration of this so-called golden age of the republic.
Any representative system, however meagre, would have led at least to serious
1 The medium price of grain in the capital may be assumed at least for the seventh and eighth centuries of Rome at one denarius for the Roman modius, or as. id. per bushel of wheat, for which there is now paid (according to the average of the prices in the provinces of Brandenburg and Pomerania from 1816 to 1841) about y. yd. Whether this not very considerable difference between the Roman and the modern prices depends on a rise in the value of corn or on a fall in the value of silver, can hardly be decided.
It is very doubtful, perhaps, whether in the Rome of this and of later times the prices of corn really fluctuated more than is the case in modern times. If we compare prices like those quoted above, of 4d. and $d. for the bushel and a half, with those of the worst times of war-dearth and famine—such as in the second Punic war when the same quantity rose to oj. 7A (1 medimnus=JS drachmae; Polyb. ix. 44), in the civil war to ioj. id. (1 modius = 5 denarii; Cic. Verr. iii. 92, 314), in the great dearth under Augustus, even to 21J. 3d. (5 modii—vj\ denarii ; Euseb. Chron. f. Chr. 7, Seal. ) —the difference is indeed immense; but such extreme cases are but little instructive, and might in either direction be found recurring under the like conditions at the present day.
J8
THE MANAGEMENT OF LAND book hi
chap. XII AMD OF CAPITAL
79
and to a perception of the seat of the evil; but in those primary assemblies of the burgesses anything was listened to sooner than the warning voice of a fore boding patriot Any government that deserved the name would of itself have interfered; but the mass of the Roman senate probably with well- meaning credulity regarded the low prices of grain as a real blessing for the people, and the Scipios and Flamininuses had, forsooth, more important things to do—to emancipate the Greeks, and to exercise the functions of republican kings. So the ship drove on unhindered towards the breakers.
When the small holdings ceased to yield any substantial Decay of clear return, the farmers were irretrievably ruined, and the fanner more so that they gradually, although more slowly than
the other classes, lost the moral tone and frugal habits of
the earlier ages of the republic It was merely a question
of time, how rapidly the hides of the Italian farmers would,
by purchase or by resignation, become merged in the larger
estates.
The landlord was better able to maintain himself than the farmer. The former produced at a cheaper rate than the latter, when, instead of letting his land according to the older system to petty temporary lessees, he caused it according to the newer system to be cultivated by his slaves. Accordingly, where this course had not been adopted even at an earlier period (ii. 77), the competition of Sicilian slave-corn compelled the Italian landlord to follow and to have the work performed by slaves without wife or child instead of families of free labourers. The landlord, moreover, could hold his ground better against competitors means of improvements or changes in cultivation, and he could content himself with smaller return from the soil than the farmer, who wanted capital and intelligence and who merely had what was requisite for his subsistence. Hence the Roman landholder com
complaints
a
by
it,
80 THE MANAGEMENT OF LAND book hi
paratively neglected the culture of grain—which in many cases seems to have been restricted to the raising of the quantity required for the staff of labourers1 —and gave increased attention to the production of oil and wine as
Culture of well as to the breeding of cattle. These, under the favour-
wtae? and rearing of cattle.
a^le c^mate of Italvi had no need to fear foreign corn- petition; Italian wine, Italian oil, Italian wool not only commanded the home markets, but were soon sent abroad ; the valley of the Po, which could find no consumption for its corn, provided the half of Italy with swine and bacon. With this the statements that have reached us as to the economic results of the Roman husbandry very well agree. There is some ground for assuming that capital invested in land was reckoned to yield a good return at 6 per cent ; this appears to accord with the average interest of capital at this period, which was about twice as much. The rearing of cattle yielded on the whole better results than arable husbandry : in the latter the vineyard gave the best return, next came the vegetable garden and the olive orchard, while meadows and corn-fields yielded least. 4
1 Accordingly Cato calls the two estates, which he describes, summarily "olive-plantation" (olivetum) and "vineyard" (vinea), although not wine and oil merely, but grain also and other products were cultivated there. If indeed the 800 culei, for which the possessor of the vineyard is directed to provide himself with casks (11), formed the maximum of a year's vintage, the whole of the 100 jugera must have been planted with vines, because a produce of 8 culei per jugerum was almost unprecedented (Colum. iii. 3) ; but Varro 22) understood, and evidently with reason, the statement to apply to the case of the possessor of a vineyard who found necessary to make the new vintage before he had sold the old.
That the Roman landlord made on an average per cent from his capital, may be inferred from Columella, iii. 3, 9. We have a more precise estimate of the expense and produce only in the case of the vine yard, for which Columella gives the following calculation of the cost perjugerum —
Price of the ground
Price of the slaves who work
jugerum)
Vines and stakes
Loss of interest during the first two years
aooo „ 497 ,,
(proportion to
1x43 „
1000 sesterces.
.
Total 4640 sesterces =^47.
.
It
;
6
'
it
(i.
CHap. xii AND OP CAPITAL Si
It is of course presumed that each species of husbandry was prosecuted under the conditions that suited and on the soil which was adapted to its nature. These circum stances were already themselves sufficient to supersede the husbandry of the petty farmer gradually the system of farming on great scale and was difficult by means of legislation to counteract them. But an injurious effect was produced the Claudian law to be mentioned after-
He calculates the produce as at any rate 60 amphorae, worth at least 900 sesterces (£9), which would thus represent a return of 17 per cent. But this somewhat illusory, as, apart from bad harvests, the cost of gathering in the produce (p. 71), and the expenses of the maintenance of the vines, stakes, and slaves, are omitted lrom the estimate.
The gross produce of meadow, pasture, and forest estimated by the same agricultural writer as, at most, 100 sesterces per jugerum, and that of corn land as less rather than more in fact, the average return of 25 modii of wheat per jugerum gives, according to the average price in the capital of denarius per modius, not more than 100 sesterces for the gross proceeds, and at the seat of production the price must have been still lower. Varro (iii. reckons as good ordinary gross return for a larger estate 150 sesterces per jugerum. Estimates of the corresponding expense have not reached us as a matter of course, the management in this instance cost much less than in that of a vineyard.
All these statements, moreover, date from a century or more after Cato's death. From him we have only the general statement that the breeding of cattle yielded a better return than agriculture {ap. Cicero, De Off. ii. 25, 89 Colum. vi. praf. 4, comp. ii. 16, Plin. H. N. xviii. 5, 30 Plutarch, Cato, 31) which of course not meant to imply that
was everywhere advisable to convert arable land into pasture, but to te understood relatively as signifying that the capital invested in the rearing of flocks and herds on mountain pastures and other suitable pasture-land yielded, as compared with capital invested in cultivating suitable corn land, a higher interest. Perhaps the circumstance has been also taken into account in the calculation, that the want of energy and intelligence in the landlord operates far less injuriously in the case of pasture-land than in the highly-developed culture of the vine and olive. On an arable estate, according to Cato, the returns of the soil stood as
follows in a descending series — vineyard 3, vegetable garden 3, osier copse, which yielded large return in consequence of the culture of the vine 4, olive plantation meadow yielding hay corn fields 7, copse wood for felling 9, oak forest for forage to the cattle all of which nine elements enter into the scheme of husbandry for Cato'i model estates.
The higher net return of the culture of the vine as compared with that
of corn attested also by the fact, that under the award pronounced in
the arbitration between the city of Genua and the villages tributary to
in 637 the city received a sixth of wine, and a twentieth of grain, as 117. quitrenL
•»OU III
71
is
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is
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; 6,
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;
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it
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Manage- L~
convert good arable land into pasture even at an economic loss — a practice which was prohibited by legislation (we know not when, perhaps about this period) but hardly with success. The growth of pastoral husbandry was favoured also by the occupation of domain-land. As the portions so occupied were ordinarily large, the system gave rise almost exclusively to great estates ; and not only so, but the occupiers of these possessions, which might be resumed by the state at pleasure and were in law always insecure, were afraid to invest any considerable amount in their cultivation —by planting vines for instance, or olives. The consequence was, that these lands were mainly turned to account as pasture.
We are prevented from giving a similar comprehensive view of the moneyed economy of Rome, partly by the
8a THE MANAGEMENT OF LAND book III
818. wards (shortly before 536), which excluded the senatorial houses from mercantile speculation, and thereby artificially compelled them to invest their enormous capitals mainly in land or, in other words, to replace the old homesteads of the farmers by estates under the management of land-stewards and by pastures for cattle. Moreover special circumstances tended to favour cattle-husbandry as contrasted with agriculture, although the former was far more injurious to the state. First of all, this form of extracting profit from the soil—the only one which in reality demanded and rewarded operations on a great scale—was alone in keeping with the mass of capital and with the spirit of the capitalists of this age. An estate under cultivation, although not demanding the presence of the master constantly, required his frequent appearance on the spot, while the circumstances did not well admit of his extend ing the estate or of his multiplying his possessions except within narrow limits; whereas an estate under
pasture admitted of unlimited extension, and claimed little of the owner's attention. For this reason men already began to
chap, Xll AND OF CAPITAL
83
want of special treatises descending from Roman antiquity on the subject, partly by its very nature which was far more complex and varied than that of the Roman hus bandry. So far as can be ascertained, its principles were, still less perhaps than those of husbandry, the peculiar property of the Romans ; on the contrary, they were the common heritage of all ancient civilization, under which, as under that of modern times, the operations on a great scale naturally were everywhere much alike. In money matters especially the mercantile system appears to have been established in the first instance by the Greeks, and to have been simply adopted by the Romans. Yet the precision with which it was carried out and the magnitude of the scale on which its operations were conducted were so peculiarly Roman, that the spirit of the Roman economy and its grandeur whether for good or evil
are pre-eminently conspicuous in its monetary trans actions.
The starting-point of the Roman moneyed economy Money,
was of course money-lending; and no branch of com- mercial industry was more zealously prosecuted by the Romans than the trade of the professional money-lender (feneraior) and of the money-dealer or banker (argentarius). The transference of the charge of the larger monetary transactions from the individual capitalists to the mediating banker, who receives and makes payments for his customers, invests and borrows money, and conducts their money dealings at home and abroad — which is the mark of a developed monetary economy —was already completely carried out in the time of Cato. The bankers, however, were not only the cashiers of the rich in Rome, but every where insinuated themselves into minor branches of business and settled in ever-increasing numbers in the provinces and dependent states. Already throughout the
whole range of the empire the business of making advances
en in*
Specnlm- tmctors.
to those who wanted money began to be, so to speak, mono polized by the Romans.
Closely connected with this was the immeasurable field 0I" enterprise. The system of transacting business through mediate agency pervaded the whole dealings of Rome. The state took the lead by letting all its more complicated revenues and all contracts for furnishing supplies and executing buildings to capitalists, or associations of capi talists, for a fixed sum to be given or received. But private persons also uniformly contracted for whatever admitted of being done by contract—for buildings, for the ingathering of the harvest (p. 71), and even for the partition of an inheritance among the heirs or the winding up of a bankrupt estate ; in which case the contractor —usually
a banker —received the whole assets, and engaged on the other hand to settle the liabilities in full or up to a certain percentage and to pay the balance as the circumstances required.
The prominence of transmarine commerce at an early period in the Roman national economy has already been adverted to in its proper place. The further stimulus, which it received during the present period, is attested by the increased importance of the Italian customs-duties in the Roman financial system 19). In addition to the causes of this increase in the importance of trans marine commerce which need no further explanation, was artificially promoted by the privileged position which the ruling Italian nation assumed in the provinces, and by the exemption from customs-dues which was prob ably even now in many of the client -states conceded by treaty to the Romans and Latins.
On the other hand, industry remained comparatively undeveloped. Trades were no doubt indispensable, and there appear indications that to certain extent they were concentrated in Rome; Cato, for instance, advises tho
Commerce.
Manufac tndT^rr
84
THE MANAGEMENT OF LAND book in
a
(p.
>t
chap, XII AND OF CAPITAL
1$
Campanian landowner to purchase the slaves' clothing and shoes, the ploughs, vats, and locks, which he may require, in Rome. From the great consumption of woollen stuffs the manufacture of cloth must undoubt edly have been extensive and lucrative. 1 But no en deavours were apparently made to transplant to Italy any such professional industry as existed in Egypt and Syria, or even merely to carry it on abroad with Italian capital. Flax indeed was cultivated in Italy and purple dye was
prepared there, but the latter branch of industry at least belonged essentially to the Greek Tarentum, and probably the import of Egyptian linen and Milesian or Tyrian purple even now preponderated everywhere over the native manufacture.
Under this category, however, falls to some extent the leasing or purchase by Roman capitalists of landed estates beyond Italy, with a view to carry on the cultivation of
and the rearing of cattle on a great scale. This species of speculation, which afterwards developed to
grain
so enormous, probably began particularly in within the period now before us; seeing that the
proportions
Sicily,
commercial restrictions imposed on the Siceliots
210), not introduced for the very purpose, must have at least tended to give to the Roman speculators, who were exempt from such restrictions, sort of monopoly of the profits
derivable from land.
Business in all these different branches was uniformly Manage
carried on by means of slaves. The money-lenders and mentof bankers instituted, throughout the range of their business, by slaves additional counting-houses and branch banks under the
direction of their slaves and freedmen. The company,
which had leased the customs-duties from the state, ap-
The industrial importance of the Roman cloth-making evident from the remarkable part which played by the fullers in Roman comedy. The profitable nature of the fullers' pits attested by Cato (ap. Plutarch, Cat
is
is
is
1
a
if
(ii.
Extent of Roman mercantile trans actions.
86 THE MANAGEMENT OF LAND book in
pointed chiefly its slaves and freedmen to levy them at each custom-house. Every one who took contracts for buildings bought architect-slaves ; every one who under took to provide spectacles or gladiatorial games on account of those giving them purchased or trained a company of slaves skilled in acting, or a band of serfs expert in the trade of fighting. The merchant imported his wares in vessels of his own under the charge of slaves or freedmen, and disposed of them by the same means in wholesale or retail. We need hardly add that the working of mines and manufactories was conducted entirely by slaves. The situation of these slaves was, no doubt, far from enviable, and was throughout less favourable than that of slaves in Greece ; but, if we leave out of account the classes last mentioned, the industrial slaves found their position on the whole more tolerable than the rural serfs. They had more frequently a family and a practically in dependent household, with no remote prospect of obtain ing freedom and property of their own. Hence such posi tions formed the true training school of those upstarts from the servile class, who by menial virtues and often by menial vices rose to the rank of Roman citizens and not seldom attained great prosperity, and who morally, economically, and politically contributed at least as much as the slaves themselves to the ruin of the Roman com monwealth.
The Roman mercantile transactions of this period full/ kept pace with the contemporary development of political power, and were no less grand of their kind. Any one who wishes to have a clear idea of the activity of the traffic with other lands, needs only to look into the literature, more especially the comedies, of this period, in which the Phoenician merchant is brought on the stage speaking Phoenician, and the dialogue swarms with Greek and half Greek words and phrases. But the extent and zealous
chap, XII AND OF CAPITAL
87
prosecution of Roman business-dealings may be traced Coins tad most distinctly by means of coins and monetary relations. moneJ* The Roman denarius quite kept pace with the Roman
legions. We have already mentioned 211) that the
Sicilian mints—last of all that of Syracuse in 542 —were 219. closed or at any rate restricted to small money in conse quence of the Roman conquest, and that in Sicily and Sardinia the denarius obtained legal circulation at least side
by side with the older silver currency and probably very soon became the exclusive legal tender. With equal not greater rapidity the Roman silver coinage penetrated into Spain, where the great silver-mines existed and there was virtually no earlier national coinage at very early period the Spanish towns even began to coin after the Roman standard (ii. 385). On the whole, as Carthage coined only to very limited extent 153), there existed not single
mint in addition to that of Rome in the region
of the western Mediterranean, with the exception of that of Massilia and perhaps also those of the Illyrian Greeks in Apollonia and Dyrrhachium. Accordingly, when the Romans began to establish themselves in the region of the
Po, these mints were about 525 subjected to the Roman 22». standard in such way, that, while they retained the right
of coining silver, they uniformly —and the Massiliots in particular —were led to adjust their drachma to the weight
of the Roman three-quarter denarius, which the Roman government on its part began to coin, primarily for the use
of Upper Italy, under the name of the " coin of victory "
important
This new system, dependent on the Roman, not merely prevailed throughout the Massiliot, Upper Italian, and Illyrian territories but these coins even penetrated into the barbarian lands on the north, those of Massilia, for instance, into the Alpine districts along the whole basin of the Rhone, and those of Illyria as far as the modern Transylvania. The eastern half of the Mediter-
(victoriatus).
;
a
a
(ii.
a
; a
(ii.
if
Roman wealth.
167
88 THE MANAGEMENT OF LAND book hi
ranean was not yet reached by the Roman money, as it had not yet fallen under the direct sovereignty of Rome ; but its place was filled by gold, the true and natural medium for international and transmarine commerce. It is true that the Roman government, in conformity with its strictly conservative character, adhered—with the exception of a temporary coinage of gold occasioned by the financial embarrassment during the Hannibalic war (ii. 343) — stead fastly to the rule of coining silver only in addition to the national-Italian copper; but commerce had already assumed such dimensions, that it was able even in the absence of money to conduct its transactions with gold by weight. Of the sum in cash, which lay in the Roman treasury in 597, scarcely a sixth was coined or uncoined silver, five-sixths consisted of gold in bars,1 and beyond doubt the precious metals were found in all the chests of the larger Roman capitalists in substantially similar proportions. Already therefore gold held the first place in great transactions; and, as may be further inferred from this fact, in general commerce the preponderance belonged to that carried on with foreign lands, and particularly with the east, which since the times of Philip and Alexander the Great had adopted a gold currency.
The whole gain from these immense transactions of the Roman capitalists flowed in the long run to Rome ; for, much as they went abroad, they were not easily induced to settle permanently there, but sooner or later returned to Rome, either realizing their gains and investing them in Italy, or continuing to carry on business from Rome as a centre by means of the capital and connections which they had acquired. The moneyed superiority of Rome as com pared with the rest of the civilized world was, accordingly,
1 There were in the treasury 17,410 Roman pounds of gold, 29,070 pounds of uncoined, and 18,230 pounds of coined, silver. The legru ratio of gold to silver was : 1 pound of gold — 4000 sesterces, or 1 : 11. 91.
chap, xu AND OF CAPITAL
89
quite as decided as its political and military ascendency. Rome in this respect stood towards other countries some what as the England of the present day stands towards the Continent—a Greek, for instance, observes of the younger Scipio Africanus, that he was not rich "for a Roman. " We may form some idea of what was considered as riches in the Rome of those days from the fact, that Lucius Paullus with an estate of 60 talents (,£14,000) was not reckoned a wealthy senator, and that a dowry — such as each of the daughters of the elder Scipio Africanus received —of 50 talents (,£12,000) was regarded as a suitable portion for a maiden of quality, while the estate of the wealthiest Greek of this century was not more than 300
talents (j£j2,000).
It was no wonder, accordingly, that the mercantile spirit Mercantile
sp L
took possession of the nation, or rather—for that was no new thing in Rome — that the spirit of the capitalist now penetrated and pervaded all other aspects and stations of life, and agriculture as well as the government of the state began to become enterprises of
capitalists. The preservation and increase of wealth quite formed a
part of public and private morality. "A widow's estate may diminish ; " Cato wrote in " the practical instructions which he composed for his son, a man must increase his means, and he is deserving of praise and full of a divine spirit, whose account-books at his death show that he has gained more than he has inherited. " Wherever, therefore, there was giving and counter-giving, every transaction although concluded without any sort of formality was held as valid, and in case of necessity the right of action was accorded to the party aggrieved if not by the law, at any rate by mercantile custom and judicial usage ; ' but the pro-
1 On this was based the actionable character of contracts of buying, hiring, and partnership, and, in general, the whole system of non-formal actionable contract*.
90
THE MANAGEMENT OF LAND book hi
mise of a gift without due form was null alike in legal theory and in practice. In Rome, Polybius tells us, nobody gives to any one unless he must do so, and no one pays a penny before it falls due, even among near relatives. The very legislation yielded to this mercantile morality, which regarded all giving away without recompense as squandering; the giving of presents and bequests and the undertaking of sureties were subjected to restriction at this period by decree of the burgesses, and heritages, if they did not fall to the nearest relatives, were at least taxed. In the closest con nection with such views mercantile punctuality, honour, and respectability pervaded the whole of Roman life. Every ordinary man was morally bound to keep an account-book of his income and expenditure —in every well-arranged house, accordingly, there was a separate account-chamber (tablinum)—and every one took care that he should not leave the world without having made his will : it was one of the three matters in his life which Cato declares that he regretted, that he had been a single day without a testament.
Those household books were universally by Roman usage admitted as valid evidence in a court of justice, nearly in the same way as we admit the evidence of a merchant's ledger. The word of a man of unstained repute was admissible not merely against himself, but also in his own favour ; nothing was more common than to settle differences between persons of integrity by means of an oath demanded by the one party and taken by the other—a mode of settle ment which was reckoned valid even in law; and a traditional rule enjoined the jury, in the absence of evidence, to give their verdict in the first instance for the man of unstained character when opposed to one who was less reputable, and only in the event of both parties being of equal repute to give it in favour of the defendant. 1 The
1 The chief passage as to this point is the fragment of Cato in Gellius, xiy. a. In the case of the obligatio 1Uteris also, i. e. a claim based solely
tHAP. xil AND OF CAPITAL
91
conventional respectability of the Romans was especially apparent in the more and more strict enforcement of the rule, that no respectable man should allow himself to be paid for the performance of personal services. Accordingly, magistrates, officers, jurymen, guardians, and generally all respectable men entrusted with public functions, received no other recompense for the services which they rendered than, at most, compensation for their outlays; and not only so, but the services which acquaintances (amid) rendered to each other — such as giving security, re presentation in lawsuits, custody (dtpositum), lending the use of objects not intended to be let on hire (commodatum), the managing and attending to business in general (pro- curatio)—were treated according to the same principle, so that it was unseemly to receive any compensation for them and an action was not allowable even where a compensation had been promised. How entirely the man was merged in the merchant, appears most distinctly perhaps in the substitution of a money -payment and an action at law for the duel — even for the political duel — in the Roman life of this period. The usual form of settling questions of personal honour was this : a wager was laid between the offender and the party offended as to the truth or falsehood of the offensive assertion, and under the shape of an action for the stake the question of fact was submitted in due
form of law to a jury ; the acceptance of such a wager when offered by the offended or offending party was, just like the acceptance of a challenge to a duel at the present day, left open in law, but was often in point of honour not to be avoided.
on the entry of a debt in the account-book of the creditor, this legal regard paid to the personal credibility of the party, even where his testimony in his own cause is concerned, affords the key of explanation ; and hence it happened that in later times, when this mercantile repute had vanished from Roman life, the obligatio litteris, while not exactly abolished, fell of itself into desuetude.
Auocfa-
One of the most important consequences of this mercantile spirit, which displayed itself with an intensity hardly conceivable by those not engaged in business, was the extraordinary impulse given to the formation of associations. In Rome this was especially fostered by the system already often mentioned whereby the government had its business transacted through middlemen : for from the extent of the transactions it was natural, and it was doubtless often required by the state for the sake of greater security, that capitalists should undertake such leases and contracts not as individuals, but in partnership. All great dealings were organized on the model of these state- contracts. Indications are even found of the occurrence among the Romans of that feature so characteristic of the system of association—a coalition of rival companies in order jointly to establish monopolist prices. 1 In trans marine transactions more especially and such as were other wise attended with considerable risk, the system of partner ship was so extensively adopted, that it practically took the place of insurances, which were unknown to antiquity. Nothing was more common than the nautical loan, as it was called — the modern " bottomry " — by which the risk and gain of transmarine traffic were proportionally dis
tributed among the owners of the vessel and cargo and all the capitalists advancing money for the voyage. It was, however, a general rule of Roman economy that one should
93
THE MANAGEMENT OF LAND book ill
1 In the remarkable model contract given by Cato (141) for the letting of the olive harvest, there is the following paragraph :—
" None [of the persons desirous to contract on the occasion of letting] shall withdraw, for the sake of causing the gathering and pressing of the olives to be let at a dearer rate ; except when [the joint bidder] immedi ately names [the other bidder] as his partner. If this rule shall appear to have been infringed, all the partners [of the company with which the con tract has been concluded] shall, if desired by the landlord or the overseer appointed by him, take an oath [that they have not conspired in this way to prevent competition]. If they do not take the oath, the stipulated price
is not to be paid. " It is tacitly assumed that the contract is taken by a company, not by an individual capitalist.
chap, XII AND OF CAPITAL
93
rather take small shares in many speculations than speculate independently ; Cato advised the capitalist not to fit out a single ship with his money, but in concert with forty-nine other capitalists to send out fifty ships and to take an interest in each to the extent of a fiftieth part. The greater complication thus introduced into business was overcome by the Roman merchant through his punctual laboriousness and his system of management by slaves and freedmen —which, regarded from the point of view of the
was far preferable to our counting-house Thus these mercantile companies, with their hundred ramifications, largely influenced the economy of every Roman of note. There was, according to the testimony of Polybius, hardly a man of means in Rome who had not been concerned as an avowed or silent partner
in leasing the public revenues ; and much more must each have invested on an average a considerable portion of his capital in mercantile associations generally.
All this laid the foundation for that endurance of Roman wealth, which was perhaps still more remarkable than its
pure capitalist, system.
The phenomenon, unique perhaps of its kind, to which we have already called attention 15) — that the standing of the great clans remained almost the same throughout several centuries—finds its explanation in the somewhat narrow but solid principles on which they managed their mercantile property.
magnitude.
In consequence of the one-sided prominence assigned
Moneyed to capital in the Roman economy, the evils inseparable ^£
from pure capitalist system could not fail to appear.
Civil equality, which had already received fatal wound
the rise of the ruling order of lords, suffered an equally severe blow in consequence of the line of social demarcation becoming more and more distinctly drawn between the rich and the poor. Nothing more effectually promoted this separation in downward direction than the
through
a
a
(p.
a
94
THE MANAGEMENT OF LAND book hi
already-mentioned rule — apparently a matter of indifference, but in reality involving the utmost arrogance and insolence on the part of the capitalists—that it was disgraceful to take money for work ; a wall of partition was thus raised not merely between the common day-labourer or artisan and the respectable landlord or manufacturer, but also between the soldier or subaltern and the military tribune, and between the clerk or messenger and the magistrate. In an upward direction a similar barrier was raised by the Claudian law suggested by Gaius Flaminius (shortly before
218. 536), which prohibited senators and senators' sons from possessing sea-going vessels except for the transport of the produce of their estates, and probably also from partici pating in public contracts—forbidding them generally from carrying on whatever the Romans included under the head of "speculation" (guaestui). 1 It is true that this enact ment was not called for by the senators ; it was on the
a work of the democratic opposition, which perhaps desired in the first instance merely to prevent the evil of members of the governing class personally entering into dealings with the government. It may be, moreover, that the capitalists in this instance, as so often afterwards, made common cause with the democratic party, and seized the opportunity of diminishing competition by the exclusion of the senators. The former object was, of course, only
very imperfectly attained, for the system of partnership opened up to the senators ample facilities for continuing to speculate in secret ; but this decree of the people drew a legal line of demarcation between those men of quality who did not speculate at all or at any rate not openly and
1 Livy (nri. 63 ; comp. Cic.