History of Julius Cæsar, Vol. 1 of 2Napoleon III, Emperor of the French
History
History of Julius Cæsar, Vol. 1 of 2
Napoleon III, Emperor of the French
Caesar, Julius; Rome -- History -- Republic, 265-30 B.C.
In 305, the laws of the Twelve Tables decided that the rate of interest
should be reduced to ten per cent. a year; but a law of Licinius Stolo
alone resolved, in an equitable manner, this grave question. It enacted
that the interests previously paid should be deducted from the
principal, and that the principal should be repaid by equal portions
during an interval of three years. This measure was advantageous to all,
for, in the state of insolvency in which the debtors were involved, the
creditors could not obtain the interest of their money, and even risked
the loss of the principal; the new law guaranteed the debts; the debtors
in their turn, having become landed proprietors, found the means of
freeing themselves by means of the lands they had received and the delay
which had been given them. The agreement established in 387 was of
slight duration, and in the midst of disagreements more or less violent,
things were carried so far, in 412, that the entire abolition of debts
and the prohibition to exact any interest were decreed mere
revolutionary and transitory measures.
[Sidenote: Résumé.]
V. This rapid sketch of the evils already perceptible which tormented
Roman society leads us to this reflection: it is the lot of all
governments, whatever be their form, to contain within themselves germs
of life, which make their strength, and germs of dissolution, which must
some day lead to their ruin; and accordingly, as the Republic was in
progress or in decline, the first or the second became developed and
dominant in turn; that is, so long as the aristocracy preserved its
virtues and its patriotism, the elements of prosperity predominated; but
no sooner did it begin to degenerate, than the causes of disturbance
gained the upper hand, and shook the edifice which had been erected so
laboriously.
If the fall of the kingly power, in giving more vitality and
independence to the aristocracy, rendered the constitution of the State
more solid and durable, the democracy had at first no reason for
congratulation. Two hundred years passed away before the plebeians could
obtain, not equality of political rights, but even a share in the _ager
publicus_ and an act of lenity in favour of debtors, overwhelmed with
liabilities through incessant wars. About the same length of time was
required by the Republic to re-conquer the supremacy over the
neighbouring peoples which she had exercised under the last kings,[150]
so many years a country requires to recover from the shocks and
enfeebling influence of even the most legitimate revolutions.
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