[The History of Rome, Book III by Theodor Mommsen]@TWC D-Link bookThe History of Rome, Book III CHAPTER VI 56/91
It may have done what it could; but the state of things was such as to baffle all financial sagacity. At the very beginning of the war the Romans had debased the silver and copper coin, raised the legal value of the silver piece more than a third, and issued a gold coin far above the value of the metal.
This very soon proved insufficient; they were obliged to take supplies from the contractors on credit, and connived at their conduct because they needed them, till the scandalous malversation at last induced the aediles to make an example of some of the worst by impeaching them before the people.
Appeals were often made, and not in vain, to the patriotism of the wealthy, who were in fact the very persons that suffered comparatively the most.
The soldiers of the better classes and the subaltern officers and equites in a body, either voluntarily or constrained by the -esprit de corps-, declined to receive pay. The owners of the slaves armed by the state and manumitted after the engagement at Beneventum( 3) replied to the bank-commission, which offered them payment, that they would allow it to stand over to the end of the war (540).
When there was no longer money in the exchequer for the celebration of the national festivals and the repairs of the public buildings, the companies which had hitherto contracted for these matters declared themselves ready to continue their services for a time without remuneration (540).
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