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We will deal first with the publicani. In a passage of Livy quoted just now it is stated that at the beginning of the Hannibalic war money was advanced to the State by societates publicanorum; Livy also happens to mention that three of these competed for the privilege.
All who had investments in the societates would wish to know the latest news brought by tabellarii from the provinces, e.g. of the state of the crop in Sicily or Asia, or of the disposition of some provincial governor towards the publicani of his province, or again of the approach of some enemy, such as Mithridates or Ariovistus, who by defeating a Roman army might break into Roman territory and destroy the prospects of a successful contractual enterprise.
These societates were managed by the great men of business, as our joint-stock companies are directed by men of capital and consequence. Polybius tells us that among those who were concerned, some took the contracts from the censors: these were called mancipes, because the sign of accepting the contract at the auction was to hold up the hand.
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