Classical literature; Finance, Public -- Greece -- Athens -- Early works to 1800; Revenue -- Greece -- Athens -- Early works to 1800
The citizens of Athens are divided, as we all know, into ten tribes.
Let the state then assign to each of these ten tribes an equal number of
slaves, and let the tribes agree to associate their fortunes and proceed
to open new cuttings. What will happen? Any single tribe hitting upon a
productive lode will be the means of discovering what is advantageous to
all. Or, supposing two or three, or possibly the half of them, hit upon
a lode, clearly these several operations will proportionally be more
remunerative still. That the whole ten will fail is not at all in
accordance with what we should expect from the history of the past. It
is possible, of course, for private persons to combine in the same way,
(35) and share their fortunes and minimise their risks. Nor need you
apprehend, sirs, that a state mining company, established on this
principle, will prove a thorn in the side (36) of the private owner, or
the private owner prove injurious to the state. But rather like allies
who render each other stronger the more they combine, (37) so in these
silver mines, the greater number of companies at work (38) the larger
the riches they will discover and disinter. (39)
(35) "To form similar joint-stock companies."
(36) See "Cyneg." v. 5.
(37) Or, "deriving strength from combination."
(38) Co-operators.
(39) Reading {ekphoresousi}, after Cobet.
This then is a statement, as far as I can make it clear, of the method
by which, with the proper state organisation, every Athenian may be
supplied with ample maintenance at the public expense. Possibly some of
you may be calculating that the capital (40) requisite will be enormous.
They may doubt if a sufficient sum will ever be subscribed to meet all
the needs. All I can say is, even so, do not despond. It is not as if it
were necessary that every feature of the scheme should be carried out at
once, or else there is to be no advantage in it at all. On the contrary,
whatever number of houses are erected, or ships are built, or slaves
purchased, etc., these portions will begin to pay at once. In fact,
the bit-by-bit method of proceeding will be more advantageous than a
simultaneous carrying into effect of the whole plan, to this extent:
if we set about erecting buildings wholesale (41) we shall make a more
expensive and worse job of it than if we finish them off gradually.
Again, if we set about bidding for hundreds of slaves at once we shall
be forced to purchase an inferior type at a higher cost. Whereas, if we
proceed tentatively, as we find ourselves able, (42) we can complete any
well-devised attempt at our leisure, (43) and, in case of any obvious
failure, take warning and not repeat it. Again, if everything were to be
carried out at once, it is we, sirs, who must make the whole provision
at our expense. (44) Whereas, if part were proceeded with and part
stood over, the portion of revenue in hand will help to furnish what is
necessary to go on with. But to come now to what every one probably will
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