[+]Salt fish were a very usual and important article of Greek commerce.
80. Athenian Money-changers and Bankers.—An important factor in the commerce of Athens is the “Money-changer.” There is no one fixed standard of coinage for Greece, let alone the Barbarian world. Athens strikes its money on a standard which has very wide acceptance, but Corinth has another standard, and a great deal of business is also transacted in Persian gold darics. The result is that at the Peireus and near the Agora are a number of little “tables” where alert individuals, with strong boxes beside them, are ready to sell foreign coins to would-be travelers, or exchange darics for Attic drachme, against a pretty favorable commission.
This was the beginning of the Athenian banker; but from being a mere exchanger he has often passed far beyond, to become a real master of credit and capital. There are several of these highly important gentlemen who now have a business and fortune equal to that of the famous Pasion, who died in 370 B.C. While the firm of Pasion and Company was at its height, the proprietor derived a net income of at least 100 mine (over $1,800 [1914] or $30,248.07 [2000]) per year from his banking; and more than half as much extra from a shield factory.[*]
[*]These sums seem absurdly small for a great money magnate, but the very high purchasing power of money in Athens must be borne in mind. We know a good deal about Pasion and his business from the speeches which Deosthenes composed in the litigation which arose over his estate.
81. A Large Banking Establishment.—Enter now the “tables” of Nicanor. The owner is a metic; perhaps he claims to come from Rhodes, but the shrewd cast of his eyes and the dark hue of his skin gives a suggestion of the Syrian about him. In his open office a dozen young half-naked clerks are seated on low chairs—each with his tablet spread out upon his knees laboriously computing long sums.[*] The proprietor himself acts as the cashier. He has not neglected the exchange of foreign moneys; but that is a mere incidental. His first visitor this morning presents a kind of letter of credit from a correspondent in Syracuse calling for one hundred drachme. “Your voucher?” asks Nicanor. The stranger produces the half of a coin broken in two across the middle. The proprietor draws a similar half coin from a chest. The parts match exactly, and the money is paid on the spot. the next comer is an old acquaintance, a man of wealth and reputation; he is followed by two slaves bearing a heavy talent of coined silver which he wishes the banker to place for him on an advantageous loan, against a due commission. The third visitor is a well-born but fast and idle young man who is squandering his patrimony on flute girls and chariot horses. He wishes an advance of ten mine, and it is given him—against the mortgage of a house, at the ruinous interest of 36 per cent, for such prodigals are perfectly fair