Social life at Rome in the Age of CiceroFowler, W. Warde (William Warde)
History
Social life at Rome in the Age of Cicero
Fowler, W. Warde (William Warde)
Rome -- Social life and customs
Your argentarius seems to have been ready to undertake for you almost
all that a modern banker will do for his customer. He would take
deposits of money, either for the depositor's use or to bear interest,
and would make payments on his behalf on receipt of a written order,
answering to our cheque;[130] this was a practice probably introduced
from Greece, for in the Eastern Mediterranean the whole business of
credit and exchange had long been reduced to a system. Again, if you
wished to be supplied with money during a journey, or to pay a sum to
any one at a distance, e.g. in Greece or Asia, your argentarius
would arrange it for you by giving you letters of credit or bills of
exchange on a banker at such towns as you might mention, and so save
you the trouble of carrying a heavy weight of coin with you. When,
Cicero sent his son to the University of Athens, he wished to give
him a generous allowance,--too generous, as we should think, for it
amounted to about £640 a year,--and he asked Atticus whether it could
be managed for him by _permutatio_, i.e. exchange, and received an
affirmative answer[131]. So too when his beloved freedman secretary
Tiro fell ill of fever at Patrae, Cicero finds it easy to get a local
banker there to advance him all the money he needed, and to pay the
doctor, engaging himself to repay the money to any agent whom the
banker might name[132].
Your argentarius would also attend for you, or appoint an agent to
attend, at any public auction in which you were interested as seller
or purchaser, and would pay or receive the money for you,--a practice
which must have greatly helped him in getting to know the current
value of all kinds of property, and indeed in learning to understand
human nature on its business side. In the passage from the _pro
Caecina_ quoted just now, a lady, Caesennia, wished to buy an estate;
she employs an agent, Aebutius, no doubt recommended by her banker,
and to him the estate is knocked down. He undertakes that the
argentarius of the vendor, who is present at the auction, shall be
paid the value, and this is ultimately done by Caesennia, and the sum
entered in the banker's books (tabulae).
Public-domain text, read in full here on John Shaqi.
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