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Updated: May 7, 2025
"Ah, that was because they had been plundering treasuries and capturing booty of all sorts. But I do not suppose many of these Arabs ever saw a gold coin in their lives. They don't see many silver ones. What wealth they have is in sheep and cattle and horses, and with these they barter for such things as they require.
Moreover, the masses of gold accumulated in the temples of the gods and the treasuries of the grandees found their way, as a matter of course, to Rome; when Caesar offered his Gallic gold throughout the Roman empire and brought such masses of it at once into the money market that gold as compared with silver fell about 25 per cent, we may guess what sums Gaul lost through the war.
Survivors of the obstacle race dealt successively with personal rivalries; class conflicts; civil wars; dictatorships; tyrannies; with overhead costs that grew more rapidly than income; with empty treasuries, inflation, depression, economic stagnation; with increases in top-heavy bureaucracies; with parasitism; with hooliganism; with the growing role of the military in decision making and administration; sharing the honey-pot with migrants and invaders; with rivalry and power struggle at home and abroad; with division, fragmentation and eventual dissolution.
Before they heard the whole story he had stopped their mouths with so many and so great promises that they could neither think nor speak anything decent. "I am one of you," he said, "it is on your account alone that I care to live, that so I may afford you much happiness. All the treasuries are yours."
And is there any form of piled-up wealth, bins of specie at the bank, or mountains of precious stones, rubies and sapphires and carbuncles, as we picture them in the subterranean treasuries of kings, that thrills the imagination with so dream-like a sense of uncounted riches, untold gold, as such natural bullion of the earth; pyramids of apples lighting up dark orchards, great plums lying in heaps of careless purple, corridors hung with fabulous bunches of grapes, or billowy mounds of yellow grain the treasuries of Pomona and Vertumnus?
Had their advance in the national scale borne a due relation to that progress of their rulers, which had accumulated in the treasuries of a limited class the riches of the world; and made their possessors boast that they were the first of nations; the most powerful and the most free, the most enlightened, the most moral, and the most religious?
Here the Legislatures should co-operate with Congress, in providing that no money be received or paid at their treasuries, or by any of their officers, or any bank, but on actual weight; in making it criminal, in a high degree, to diminish their own coins, and, in some smaller degree, to offer them in payment when diminished.
Some of the old houses that stand endwise to the street, looking askant at the passer, especially if he is a stranger in town, might be veritable treasuries of this sort of material. Gray, close-shuttered, and retiring, they have not so much the look of death; it is more that they are poor, widowed homes that have mournfully long outlived their lords.
Great kings and commonwealths would bid against each other for his favour, and exhaust their treasuries in the vain hope of satiating his avarice. The presumption was, therefore, that, if he had the English crown in his hands, he would put in on the head of the Princess.
The Chaldean empire rose still higher in glory, while numerous tributaries continued to pour their streams of gold into its already rich treasuries. The afternoon was warm and sultry. The king reclined on an easy couch within a bower, in the palace garden.
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