vy burden--a burden
pressing more severely year after year--of the endless war. The
finances of the state suffered beyond measure. After the battle of
Cannae (538) a special bank-commission (-tres viri mensarii-) had
been appointed, composed of men held in the highest esteem, to form
a permanent and circumspect board of superintendence for the public
finances in these difficult times. 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). A fleet was even fitted out and
manned, just as in the first Punic war, by means of a voluntary loan
among the rich (544). They spent the moneys belonging to minors; and
at length, in the year of the conquest of Tarentum, they laid hands
on the last long-spared reserve fund (164,000 pounds). The state
nevertheless was unable to meet its most necessary payments; the pay
of the soldiers fell dangerously into arrear, particularly in the more
remote districts. But the embarrassment of the state was not the
worst part of the material distress. Everywhere the fields lay
fallow: even where the war did not make havoc, there was a