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The History of Rome, by Theodor Mommsen
Etext Book III From the Union of Italy to the Subjugation of Carthage and the Greek States
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BOOK THIRD Chapter VI

The War Under Hannibal From Cannae To Zama

Pressure of the War

It was now the eleventh year of the war. The danger which some years before had threatened the very existence of the state seemed to have vanished; but all the more the Romans felt the heavy burden -- a burden pressing more severely year after year -- of the endless war. The finances of the state suffered beyond measure. After the battle of Cannae (538) a special bank-commission (-tres viri mensarii-) had been appointed, composed of men held in the highest esteem, to form a permanent and circumspect board of superintendence for the public finances in these difficult times. It may have done what it could; but the state of things was such as to baffle all financial sagacity. At the very beginning of the war the Romans had debased the silver and copper coin, raised the legal value of the silver piece more than a third, and issued a gold coin far above the value of the metal. This very soon proved insufficient; they were obliged to take supplies from the contractors on credit, and connived at their conduct because they needed them, till the scandalous malversation at last induced the aediles to make an example of some of the worst by impeaching them before the people. Appeals were often made, and not in vain, to the patriotism of the wealthy, who were in fact the very persons that suffered comparatively the most. The soldiers of the better classes and the subaltern officers and equites in a body, either voluntarily or constrained by the -esprit de corps-, declined to receive pay. The owners of the slaves armed by the state and manumitted after the engagement at Beneventum(3) replied to the bank-commission, which offered them payment, that they would allow it to stand over to the end of the war (540). When there was no longer money in the exchequer for the celebration of the national festivals and the repairs of the public buildings, the companies which had hitherto contracted for these matters declared themselves ready to continue their services for a time without remuneration (540). A fleet was even fitted out and manned, just as in the first Punic war, by means of a voluntary loan among the rich (544). They spent the moneys belonging to minors; and at length, in the year of the conquest of Tarentum, they laid hands on the last long-spared reserve fund (164,000 pounds). The state nevertheless was unable to meet its most necessary payments; the pay of the soldiers fell dangerously into arrear, particularly in the more remote districts. But the embarrassment of the state was not the worst part of the material distress. Everywhere the fields lay fallow: even where the war did not make havoc, there was a want of hands for the hoe and the sickle. The price of the -medimnus- (a bushel and a half) had risen to 15 -denarii- (10s.), at least three times the average price in the capital; and many would have died of absolute want, if supplies had not arrived from Egypt, and if, above all, the revival of agriculture in Sicily(4) had not prevented the distress from coming to the worst. The effect which such a state of things must have had in ruining the small farmers, in eating away the savings which had been so laboriously acquired, and in converting flourishing villages into nests of beggars and brigands, is illustrated by similar wars of which fuller details have been preserved.
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