that industry and commerce are but in their infancy. We read in Lysias of 100 per cent. profit made of a cargo of two talents, sent to no greater distance than from Athens to the Adriatic. Nor is this mentioned as an instance of exorbitant profit. Antidorus, says Demosthenes, paid three talents and a half for a house which he let at a talent a year; and the orator blames his own tutors for not employing his money to like advantage. “My fortune,” says he, “in eleven years minority ought to have been tripled.” The value of twenty of the slaves left by his father he computes at 40 minas, and the yearly profit of their labour at 12. The most moderate interest at Athens (for there was higher often paid) was 12 per cent., and that paid monthly. Not to insist upon the exorbitant interest of 34 per cent. to which the vast sums distributed in elections had raised money at Rome, we find that Verres, before that factious period, stated 24 per cent. for money, which he left in the publicans’ hands. And though Cicero declaims against this article, it is not on account of the extravagant usury, but because it had never been customary to state any interest on such occasions. Interest, indeed, sunk at Rome after the settlement of the empire; {p140} but it never remained any considerable time so low as in the commercial states of modern ages.
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OF THE POPULOUSNESS OF ANCIENT NATIONS.
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