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Many dedicatory inscriptions prove that the Jains were a flourishing community at Muttra in the reigns of Kanishka, Huvishka and Vasudeva and one inscription from the same locality seems as old as 150 B.C. We learn from these records that the sect comprised a great number of schools and subdivisions.

Two epochs are of special importance for the development of later Indian Buddhism, that of Kanishka and that of Vasubandhu and his brother Asanga.

Asanga was the founder of the later and more scholastic system called Yogâcâra and is also associated with a series of revelations said to have been made by Maitreya. As mentioned above, tradition makes Aśvaghosha, one of the most brilliant among Sanskrit writers, live at the court of Kanishka and according to some accounts he was given to the Kushans as part of a war indemnity.

A preponderance of Chinese tradition makes him the second patriarch after Aśvaghosha and this agrees with the Kashmir chronicle which implies that he lived soon after Kanishka. He probably flourished in the latter half of the second century.

The evidence of art, particularly of numismatics, indicates that Kanishka reigned towards the end of his dynasty rather than at the beginning, but the use of Greek on his coins and his traditional connection with the beginnings of the Mahayana are arguments against a very late date.

Kanishka, like Constantine, probably favoured a winning cause, and Buddhism may have been gradually making its way among the Kushans and their neighbours for a couple of centuries before his time. In any case, however important his reign may have been for the Buddhist Church, I do not think that the history of the Mahayana should be made to depend on his date.

Late in life Vasubandhu, moved by the entreaties of his brother Asanga, became a devout Mahayanist and wrote in his old age Mahayanist treatises and commentaries. Kashmir was certainly included in the dominions of the Kushans and was a favourite residence of Kanishka. About 90 A.D. a Kushan king attacked Central Asia but was repulsed by the Chinese general Pan-Ch'ao.

In the usual vague manner of Indian chronology, the years 57 and 78 A.D. are connected with the name of a great king of the Yueh Chi, Kanishka, whose empire covered Northern India. Almost every authority has a favorite point in time for his habitat; but these dates, not so far apart but that he may well have been reigning in both, will do as well as another.

This Kanishka was afterwards born into the world; and once, when he had gone forth to look about him, Sakra, Ruler of Devas, wishing to excite the idea in his mind, assumed the appearance of a little herd-boy, and was making a tope right in the way of the king, who asked what sort of a thing he was making. The boy said, "I am making a tope for Buddha."

The Sanskrit account is not known to be confirmed by more ancient evidence, but there is nothing impossible in it, particularly as there are periods in the Buddha's long life filled by no incidents. The narrative however contains a prediction about Kanishka and therefore cannot be earlier than his reign.