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Ch. 5: Aurum, Gold

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ROMAN STANDARD OF CURRENCY.
223
before become obsolete. The sole true method for esti­mating the actual amount of sums stated by the historians of the Empire, is to compare the weight of the aureus with that (intrinsic) of the modern gold, and it will be found that for the times of the Caesars, and even down to Severus, the former was equivalent to our sovereign. And by a more singular coincidence it will be discovered, on investigating the prices of the necessaries of life at the same period, that the value of money was by no means higher then than in our own times.
The wealth of the later Romans, visible and tangible be it remembered, far exceeded the nominal wealth of our Rothschilds, existing merely in paper and in credit. M. Crassus, observes Pliny, had engrossed for all succeeding times the title of " the Eich," and yet the historian had known several surpassing him in that particular, espe­cially three at one and the same time, the freedmen and ministers of Claudius—Callistus, Pallas, and Narcissus. And yet this Crassus possessed landed property alone to the value of two millions sterling (bis millies), and was used to give for his definition of a rich man one that could afford to maintain a legion out of his yearly income. The amount he intended is easily calculated. The pay of the private was a denarius per day, making 141. 10s. per year. Now, putting a legion at its full complement of 6000 men (which in his times it never attained), so as to cover the excess of the pay of the officers, the ready money required for the pay alone is 87,000l. ; to which must be added the cost of feeding them, which also was supplied by the state. A view of their general wealth may be gained from the will of one CI. Caacilius Isidorus, made b.c. 8, and quoted by Pliny (xxxiii. 52). Though the testator complains ci immense losses sustained in the recent civil war, he was yet able to leave 4116 slaves, 3600
Ch. 5: Aurum, Gold Page of 377 Ch. 5: Aurum, Gold
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