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Updated: June 20, 2025


We shall soon see that the companies which were formed for undertaking the state-contracts probably permitted shares to be held by individuals who never appeared in the registered list of partners at all, and we know that to hold a share in a great public concern was considered one of the methods of business which did not subject the participant to the taint of a vulgar commercialism.

All great dealings were organized on the model of these state-contracts. Indications are even found of the occurrence among the Romans of that feature so characteristic of the system of association a coalition of rival companies in order jointly to establish monopolist prices.

All great dealings were organized on the model of these state-contracts. Indications are even found of the occurrence among the Romans of that feature so characteristic of the system of association a coalition of rival companies in order jointly to establish monopolist prices.

A taint clung to the money-lender who sat in an office in the Forum, and handed his loans or received his interest over the counter; it was not felt by the capitalist who stood behind this small dealer, by the nobleman whose agent lent seed-corn to the neighbouring yeomen, by the investor in the state-contracts who perhaps hardly realised that his profits represented but an indirect form of usury.

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