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Updated: June 25, 2025
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.
Others, Polybius goes on, were in association with these mancipes, and, as we may assume, equally responsible with them; these were the socii.
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