By Tenney Frank
Passenger fares appear to us to were very low. Passengers even if seem to have been chargeable for their very own sustenance, the quarters have been most likely faraway from sumptuous and naturally death through shipwreck not like lack of freight entailed no monetary loss to the provider. -from "Chapter XVI: trade" during this vintage work-an enlargement of an prior 1920 edition-a revered classical pupil sketches the industrial lifetime of the Roman tradition in the course of the republican interval and into the fourth century of the empire. although later books unfairly supplanted it, this quantity is still a superb advent to the capital, trade, hard work, and of the instant forerunner of recent civilization. In transparent, readable language, Frank explores: .agriculture in early Latium .the upward thrust of the peasantry .Roman coinage .finance and politics .the "plebs urbana" .the beginnings of serfdom .and even more. American historian TENNEY FRANK (1876-1939) used to be professor of Latin at Bryn Mawr university and Johns Hopkins collage, and in addition wrote Roman Imperialism (1914) and A background of Rome (1923).
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The ratio of exchange was now 112 : 1, hence an ounce of bronze was worth about onesixteenth of a four-gram silver coin, the denarius therefore was slightly reduced in size and pronounced, as indeed it was, worth 16 of the asses. There was no deception in either issue; both were meant to pass at market value, and as the state raised the pay of soldiers to conform to the new coin, the courts doubtless saw to it that all old contracts were equitably settled by the proper computation. The advantages to the state were An Economic History of Rome / 47 numerous.
314. The statement of Festus, who says the colony was subsequent to the first building of the village, is supported by the facts that its citizens belong to two different tribes and that its government has a double set of officials. See Taylor, Cults of Ostia. Recent excavations have revealed a city-wall which shows the workmanship and the material prevalent in the fourth century, see Am. J. , 1918, 182. It is usual to refer the “prow” to the capture of Antium. 19. The bankruptcy law, Livy, VII, 21; the laws on interest, VII, 27, and VII, 42, to be read with Tac.
17. See Hill, Historical Roman Coins. 18. The arguments for the dates of Ostia I have given in Class. Phil. 1919, p. 314. The statement of Festus, who says the colony was subsequent to the first building of the village, is supported by the facts that its citizens belong to two different tribes and that its government has a double set of officials. See Taylor, Cults of Ostia. Recent excavations have revealed a city-wall which shows the workmanship and the material prevalent in the fourth century, see Am.