Silver was not impressed with a mark until the year of the City 485, the year of the consulship of Q. Ogulnius and C. Fabius, five years before the First Punic War; at which time it was ordained that the value of the denarius should be ten libræ[805] of copper, that of the quinarius five libræ, and that of the sestertius two libræ and a half. The weight, however, of the libra of copper was diminished during the First Punic War, the republic not having means to meet its expenditure: in consequence of which, an ordinance was made that the as should in future be struck of two ounces weight. By this contrivance a saving of five-sixths was effected, and the public debt was liquidated. The impression upon these copper coins was a two-faced Janus on one side, and the beak of a ship of war on the other: the triens,[806] however, and the quadrans,[807] bore the impression of a ship. The quadrans, too, had, previously to this, been called “teruncius,” as being three unciæ[808] in weight. At a later period again, when Hannibal was pressing hard upon Rome, in the dictatorship of Q. Fabius Maximus, asses of one ounce weight were struck, and it was ordained that the value of the denarius should be sixteen asses, that of the quinarius eight asses, and that of the sestertius four asses; by which last reduction of the weight of the as the republic made a clear gain of one half. Still, however, so far as the pay of the soldiers is concerned, one denarius has always been given for every ten asses. The impressions upon the coins of silver were two-horse and four-horse chariots, and hence it is that they received the names of “bigati” and “quadrigati.” Shortly after, in accordance with the Law of Papirius, asses were coined weighing half an ounce only. Livius Drusus, when[809] tribune of the people, alloyed the silver with one-eighth part of copper. The coin that is known at the present day as the “victoriatus,”[810] was first struck in accordance with the Clodian Law: before which period, a coin of this name was imported from Illyricum, but was only looked upon as an article of merchandize. The impression upon it is a figure of Victory, and hence its name. The first golden coin was struck sixty-two years after that of silver, the scruple of gold being valued at twenty sesterces; a computation which gave, according to the value of the sesterce then in use, nine hundred sesterces to each libra of gold.[811] In later times, again, an ordinance was made, that denarii of gold should be struck, at the rate of forty denarii[812] to each libra of gold; after which period, the emperors gradually curtailed the weight of the golden denarius, until at last, in the reign of Nero, it was coined at the rate of forty-five to the libra. CHAP. 14.—CONSIDERATIONS ON MAN’S CUPIDITY FOR GOLD.