FREE BOOKS

Author's List




PREV.   NEXT  
|<   906   907   908   909   910   911   912   913   914   915   916   917   918   919   920   921   922   923   924   925   926   927   928   929   930  
931   932   933   934   935   936   937   938   939   940   941   942   943   944   945   946   947   948   949   950   951   952   953   954   955   >>   >|  
f the second Macedonian war the Roman armies were uniformly supported by transmarine corn, and, though this tended to the benefit of the Roman exchequer, it cut off the Italian farmer from an important field of consumption for his produce. This however was the least part of the mischief. The government had long, as was reasonable, kept a watchful eye on the price of grain, and, when there was a threatening of dearth, had interfered by well-timed purchases abroad; and now, when the corn-deliveries of its subjects brought into its hands every year large quantities of grain--larger probably than were needed in times of peace--and when, moreover, opportunities were presented to it of acquiring foreign grain in almost unlimited quantity at moderate prices, there was a natural temptation to glut the markets of the capital with such grain, and to dispose of it at rates which either in themselves or as compared with the Italian rates were ruinously low. Already in the years 551-554, and in the first instance apparently at the suggestion of Scipio, 6 -modii- (1 1/2 bush.) of Spanish and African wheat were sold on public account to the citizens of Rome at 24 and even at 12 -asses- (1 shilling 8 pence or ten pence). Some years afterwards (558), more than 240,000 bushels of Sicilian grain were distributed at the latter illusory price in the capital. In vain Cato inveighed against this shortsighted policy: the rise of demagogism had a part in it, and these extraordinary, but presumably very frequent, distributions of grain under the market price by the government or individual magistrates became the germs of the subsequent corn-laws. But, even where the transmarine corn did not reach the consumers in this extraordinary mode, it injuriously affected Italian agriculture. Not only were the masses of grain which the state sold off to the lessees of the tenths beyond doubt acquired under ordinary circumstances by these so cheaply that, when re-sold, they could be disposed of under the price of production; but it is probable that in the provinces, particularly in Sicily--in consequence partly of the favourable nature of the soil, partly of the extent to which wholesale farming and slave-holding were pursued on the Carthaginian system(10)--the price of production was in general considerably lower than in Italy, while the transport of Sicilian and Sardinian corn to Latium was at least as cheap as, if not cheaper than, its transport th
PREV.   NEXT  
|<   906   907   908   909   910   911   912   913   914   915   916   917   918   919   920   921   922   923   924   925   926   927   928   929   930  
931   932   933   934   935   936   937   938   939   940   941   942   943   944   945   946   947   948   949   950   951   952   953   954   955   >>   >|  



Top keywords:

Italian

 

extraordinary

 
capital
 

government

 

production

 

partly

 

transmarine

 
Sicilian
 

transport

 

magistrates


individual

 

market

 

subsequent

 

bushels

 
inveighed
 

shortsighted

 

demagogism

 

policy

 

illusory

 

distributions


frequent

 

distributed

 
circumstances
 
farming
 
holding
 

pursued

 
Carthaginian
 

wholesale

 
extent
 
consequence

favourable
 

nature

 
system
 
Latium
 

cheaper

 

Sardinian

 
general
 
considerably
 

Sicily

 
masses

lessees

 

tenths

 

injuriously

 

affected

 

agriculture

 

acquired

 
disposed
 

probable

 
provinces
 

ordinary