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This maximum rate the Centesima remained in operation until the time of Justinian. While the taking of interest was thus approved or tolerated by Greek and Roman law, it was at the same time reprobated by the philosophers of both countries.
As the accompt of the Assis ariseth, and coming at the last unto Usura ex asse, it amounteth to twelve in the hundred, and therefore the Latins call it Centesima, for that in the hundred month it doubleth the principal; but more of this elsewhere.
In answer to the people, who prayed to be relieved from the centesima, a tax of one in the hundred, established at the end of the civil wars, upon all vendible commodities; Tiberius by an edict declared, "That upon this tax depended the fund for maintaining the army; nor even thus was the Commonwealth equal to the expense, if before their twentieth year the veterans were dismissed."
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