ARGĒI, the name given by the pontifices to the places consecrated
by Numa for the celebration of religious services. Varro calls them
the chapels of the argei, and says they were twenty-seven in number,
distributed in the different districts of the city. There was a
tradition that these argei were named from the chieftains who came
with Hercules, the Argive, to Rome, and occupied the Capitoline,
or, as it was anciently called, Saturnian hill. It is impossible
to say what is the historical value or meaning of this legend; we
may, however, notice its conformity with the statement that Rome was
founded by the Pelasgians, with whom the name of Argos was connected.
The name argei was also given to certain figures thrown into the
Tiber from the Sublician bridge, on the Ides of May in every year.
This was done by the pontifices, the vestals, the praetors, and other
citizens, after the performance of the customary sacrifices. The
images were thirty in number, made of bulrushes, and in the form of
men. Ovid makes various suppositions to account for the origin of
this rite; we can only conjecture that it was a symbolical offering,
to propitiate the gods, and that the number was a representative
either of the thirty patrician curiae at Rome, or perhaps of the
thirty Latin townships.
ARGENTĀRĬI, bankers or money changers. (1) GREEK. The bankers at
Athens were called _Trapezitae_ (τραπεζίται), from their tables
(τραπεζαι) at which they sat, while carrying on their business, and
which were in the market place. Their principal occupation was that
of changing money; but they frequently took money, at a moderate
premium, from persons who did not like to occupy themselves with
the management of their own affairs, and placed it out at interest.
Their usual interest was 36 per cent.; a rate that at present
scarcely occurs except in cases of money lent on bottomry. The only
instance of a bank recognized and conducted on behalf of the state
occurs at Byzantium, where at one time it was let by the republic
to capitalists to farm. Yet the state probably exercised some kind
of superintendence over the private bankers, since it is hardly
possible otherwise to account for the unlimited confidence which they
enjoyed.--(2) ROMAN. The _Argentarii_ at Rome must be distinguished
from the _mensarii_ and _nummularii_, or public bankers. [MENSARII.]
The argentarii were private persons, who carried on business on their
own responsibility, and were not in the service of the republic;
but the shops or _tabernae_ about the forum, which they occupied,
and in which they transacted their business, were state property.
The business of the argentarii may be divided into the following
branches. 1. _Permutatio_, or the exchange of foreign coin for Roman,
and in later times the giving of bills of exchange payable in foreign
towns. 2. The keeping of sums of money for other persons. Such money
might be deposited by the owner merely to save himself the trouble
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