The two Antonines fix an era in the imperial history; for they were both
eminent models of wise and good rulers; and some would say, that they
fixed a crisis; for with their successor commenced, in the popular
belief, the decline of the empire. That at least is the doctrine of
Gibbon; but perhaps it would not be found altogether able to sustain
itself against a closer and philosophic examination of the true elements
involved in the idea of declension as applied to political bodies. Be
that as it may, however, and waiving any interest which might happen to
invest the Antonines as the last princes who kept up the empire to its
original level, both of them had enough of merit to challenge a separate
notice in their personal characters, and apart from the accidents of
their position.
The elder of the two, who is usually distinguished by the title of
_Pius_, is thus described by one of his biographers:--"He was externally
of remarkable beauty; eminent for his moral character, full of benign
dispositions, noble, with a countenance of a most gentle expression,
intellectually of singular endowments, possessing an elegant style of
eloquence, distinguished for his literature, generally temperate,
an earnest lover of agricultural pursuits, mild in his deportment,
bountiful in the use of his own, but a stern respecter of the rights of
others; and, finally, he was all this without ostentation, and with a
constant regard to the proportions of cases, and to the demands of time
and place." His bounty displayed itself in a way, which may be worth
mentioning, as at once illustrating the age, and the prudence with which
he controlled the most generous of his impulses:--"_Finus trientarium_,"
says the historian, "_hoc est minimis usuris exercuit, ut patrimonio
suo plurimos adjuvaret_." The meaning of which is this:--in Rome, the
customary interest for money was what was called _centesimæ usuræ_; that
is, the hundredth part, or one per cent. But, as this expressed not the
annual, but the _monthly_ interest, the true rate was, in fact, twelve
per cent.; and that is the meaning of _centesimæ usuræ_. Nor could money
be obtained any where on better terms than these; and, moreover, this
one per cent, was exacted rigorously as the monthly day came round, no
arrears being suffered to lie over. Under these circumstances, it was
a prodigious service to lend money at a diminished rate, and one which
furnished many men with the means of saving themselves from ruin.
Pius then, by way of extending his aid as far as possible, reduced the
monthly rate of his loans to one-third per cent., which made the annual
interest the very moderate one of four per cent. The channels, which
public spirit had as yet opened to the beneficence of the opulent, were
few indeed: charity and munificence languished, or they were abused,
or they were inefficiently directed, simply through defects in the
structure of society. Social organization, for its large development,
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