Axeinos—“the Inhospitable”—became fringed with trading settlements, and its name was changed to Euxeinos—“the Hospitable”—in recognition of its friendly ports. It was in a similar spirit that, two thousand years later, the seamen who led the next great impulse of exploration that rose in Europe, turned the name of the “Cape of Storms” into that of the “Cape of Good Hope.” The Megarians, almost more than any other Greeks, devoted their attention to the Euxine, and the foundation of Byzantium was but one of their many achievements. Already, seventeen years before Byzantium came into being, another band of Megarian colonists had established themselves at Chalcedon, on the opposite Asiatic shore of the Bosphorus. The settlers who were destined to found the greater city applied to the oracle of Delphi to give them advice as to the site of their new home, and Apollo, we are told, bade them “build their town over against the city of the blind.” They therefore pitched upon the headland by the Golden Horn, reasoning that the Chalcedonians were truly blind to have neglected the more eligible site on the Thracian shore, in order to found a colony on the far less inviting Bithynian side of the strait. [Illustration] Early Coin Of Byzantium. [Illustration] Late Coin Of Byzantium Showing Crescent And Star. From the first its situation marked out Byzantium as destined for a great future. Alike from the military and from the commercial point of view no city could have been better placed. Looking out from the easternmost headland of Thrace, with all Europe behind it and all Asia before, it was equally well suited to be the frontier fortress to defend the border of the one, or the basis of operations for an invasion from the other. As fortresses went in those early days it was almost impregnable—two sides protected by the water, the third by a strong wall not commanded by any neighbouring heights. In all its early history Byzantium never fell by storm: famine or treachery accounted for the few occasions on which it fell into the hands of an enemy. In its commercial aspect the place was even more favourably situated. It completely commanded the whole Black Sea trade: every vessel that went forth from Greece or Ionia to traffic with Scythia or Colchis, the lands by the Danube mouth or the shores of the Maeotic Lake, had to pass close under its walls, so that the prosperity of a hundred Hellenic towns on the Euxine was always at the mercy of the masters of Byzantium. The Greek loved short stages and frequent stoppages, and as a half-way house alone Byzantium would have been prosperous: but it had also a flourishing local trade of its own with the tribes of the neighbouring Thracian inland, and drew much profit from its fisheries: so much so that the city badge—its coat of arms as we should call