[The History of Rome, Book II by Theodor Mommsen]@TWC D-Link book
The History of Rome, Book II

CHAPTER III
19/50

Still more important was the alteration of the procedure in cases of debt by the Poetelian law (428 or 441).

On the one hand it allowed every debtor who declared on oath his solvency to save his personal freedom by the cession of his property; on the other hand it abolished the former summary proceedings in execution on a loan-debt, and laid down the rule that no Roman burgess could be led away to bondage except upon the sentence of jurymen.
Continued Distress It is plain that all these expedients might perhaps in some respects mitigate, but could not remove, the existing economic disorders.
The continuance of the distress is shown by the appointment of a bank-commission to regulate the relations of credit and to provide advances from the state-chest in 402, by the fixing of legal payment by instalments in 407, and above all by the dangerous popular insurrection about 467, when the people, unable to obtain new facilities for the payment of debts, marched out to the Janiculum, and nothing but a seasonable attack by external enemies, and the concessions contained in the Hortensian law,( 10) restored peace to the community.

It is, however, very unjust to reproach these earnest attempts to check the impoverishment of the middle class with their inadequacy.

The belief that it is useless to employ partial and palliative means against radical evils, because they only remedy them in part, is an article of faith never preached unsuccessfully by baseness to simplicity, but it is none the less absurd.

On the contrary, we may ask whether the vile spirit of demagogism had not even thus early laid hold of this matter, and whether expedients were really needed so violent and dangerous as, for example, the deduction of the interest paid from the capital.


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