to the issuing of small coin; a general standard of
currency applicable to all Italy was introduced, and
the coining of the currency was centralized in Rome;
Capua alone continued to retain its own silver coinage
struck in the name of Rome, but after a different
standard. The new monetary system was based
on the legal ratio subsisting between the two metals,
as it had long been fixed.(43) The common monetary
unit was the piece of ten -asses- (which were no longer
of a pound, but reduced to the third of a pound),
the -denarius-, which weighed in copper 3 1/3 and
in silver 1/72, of a Roman pound, a trifle more than
the Attic —drachma—. At first
copper money still predominated in the coinage; and
it is probable that the earliest silver -denarius-
was coined chiefly for Lower Italy and for intercourse
with other lands. As the victory of the Romans
over Pyrrhus and Tarentum and the Roman embassy to
Alexandria could not but engage the thoughts of the
contemporary Greek statesman, so the sagacious Greek
merchant might well ponder as he looked on these new
Roman drachmae. Their flat, unartistic, and
monotonous stamping appeared poor and insignificant
by the side of the marvellously beautiful contemporary
coins of Pyrrhus and the Siceliots; nevertheless they
were by no means, like the barbarian coins of antiquity,
slavishly imitated and unequal in weight and alloy,
but, on the contrary, worthy from the first by their
independent and conscientious execution to be placed
on a level with any Greek coin.
Extension of the Latin Nationality
Thus, when the eye turns from the development of constitutions
and from the national struggles for dominion and for
freedom which agitated Italy, and Rome in particular,
from the banishment of the Tarquinian house to the
subjugation of the Samnites and the Italian Greeks,
and rests on those calmer spheres of human existence
which history nevertheless rules and pervades, it
everywhere encounters the reflex influence of the
great events, by which the Roman burgesses burst the
bonds of patrician sway, and the rich variety of the
national cultures of Italy gradually perished to enrich
a single people. While the historian may not
attempt to follow out the great course of events into
the infinite multiplicity of individual detail, he
does not overstep his province when, laying hold of
detached fragments of scattered tradition, he indicates
the most important changes which during this epoch
took place in the national life of Italy. That
in such an inquiry the life of Rome becomes still more
prominent than in the earlier epoch, is not merely
the result of the accidental blanks of our tradition;
it was an essential consequence of the change in the
political position of Rome, that the Latin nationality
should more and more cast the other nationalities of
Italy into the shade. We have already pointed
to the fact, that at this epoch the neighbouring lands—southern
Etruria, Sabina, the land of the Volscians, —began