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If Carthaginian statesmen believed that they had attached to the interests of Carthage her Phoenician subjects by their greater dread of a Libyan revolt and all the landholders by means of token-money, they transferred mercantile calculation to a sphere to which it did not apply.
They are certainly remarkable, because they anticipate the Caesarian imperial gold just as Sulla's regency anticipated the new monarchy. IV. XI. Token-Money
That Terence was in close relations with the Scipionic house cannot, however, be doubted: it is a significant fact, that the first exhibition of the -Adelphi- and the second of the -Hecyra- took place at the funeral games of Lucius Paullus, which were provided by his sons Scipio and Fabius. IV. XI. Token-Money III. XIV. National Comedy
IV. II. The First Sicilian Slave War They are certainly remarkable, because they anticipate the Caesarian imperial gold just as Sulla's regency anticipated the new monarchy. IV. XI. Token-Money
Mention is made of foreign state-loans, and in the monetary system we find along with gold and silver mention of a token-money having no intrinsic value a species of currency not used elsewhere in antiquity. In fact, if government had resolved itself into mere mercantile speculation, never would any state have solved the problem more brilliantly than Carthage.
According to a custom, common in all antiquity, but which reached its highest development at Carthage, the Roman government issued along with the good silver -denarii- also -denarii- of copper plated with silver, which had to be accepted like the former and were just a token-money analogous to our paper currency, with compulsory circulation and recourse on the public chest, inasmuch as it also was not entitled to reject the plated pieces.
If Carthaginian statesmen believed that they had attached to the interests of Carthage her Phoenician subjects by their greater dread of a Libyan revolt and all the landholders by means of token-money, they transferred mercantile calculation to a sphere to which it did not apply.
Accordingly during the Cinnan government an enactment was passed by the praetors and tribunes, primarily by Marcus Marius Gratidianus, for redeeming all the token-money by silver, and for that purpose an assay-office was established. How far the calling-in was accomplished, tradition has not told us; the coining of token-money itself continued to subsist.
Mention is made of foreign state-loans, and in the monetary system we find along with gold and silver mention of a token-money having no intrinsic value a species of currency not used elsewhere in antiquity. In fact, if government had resolved itself into mere mercantile speculation, never would any state have solved the problem more brilliantly than Carthage.
That Terence was in close relations with the Scipionic house cannot, however, be doubted: it is a significant fact, that the first exhibition of the -Adelphi- and the second of the -Hecyra- took place at the funeral games of Lucius Paullus, which were provided by his sons Scipio and Fabius. IV. XI. Token-Money III. XIV. National Comedy
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