THE little Phoenician trading post of Kart-hadshat stood on a low hill which overlooked the African Sea, a stretch of water ninety miles wide which separates Africa from Europe. It was an ideal spot for a commercial centre. Almost too ideal. It grew too fast and became too rich. When in the sixth century before our era, Nebuchadnezzar of Babylon destroyed Tyre, Carthage broke off all further relations with the Mother Country and became an independent state--the great western advance-post of the Semitic races. Unfortunately the city had inherited many of the traits which for a thousand years had been characteristic of the Phoenicians. It was a vast business-house, protected by a strong navy, indifferent to most of the finer aspects of life. The city and the surrounding country and the distant colonies were all ruled by a small but exceedingly powerful group of rich men, The Greek word for rich is "ploutos" and the Greeks called such a government by "rich men" a "Plutocracy." Carthage was a plutocracy and the real power of the state lay in the hands of a dozen big ship-owners and mine-owners and merchants who met in the back room of an office and regarded their common Fatherland as a business enterprise which ought to yield them a decent profit. They were however wide awake and full of energy and worked very hard. As the years went by the influence of Carthage upon her neighbours increased until the greater part of the African coast, Spain and certain regions of France were Carthaginian possessions, and paid tribute, taxes and dividends to the mighty city on the African Sea. Of course, such a "plutocracy" was forever at the mercy of the crowd. As long as there was plenty of work and wages were high, the majority of the citizens were quite contented, allowed their "betters" to rule them and asked no embarrassing questions. But when no ships left the harbor, when no ore was brought to the smelting-ovens, when dockworkers and stevedores were thrown out of employment, then there were grumblings and there was a demand that the popular assembly be called together as in the olden days when Carthage had been a self-governing republic. To prevent such an occurrence the plutocracy was obliged to keep the business of the town going at full speed. They had managed to do this very successfully for almost five hun-dred years when they were greatly disturbed by certain rumors which reached them from the western coast of Italy. It was said that a little village on the banks of the Tiber had suddenly risen to great power and was making itself the acknowledged leader of all the Latin tribes who inhabited central Italy. It was also said that this village, which by the way was called Rome, intended to build ships and go after the commerce of Sicily and the southern coast of France.