remaining instalments. But it was not merely the sum total of its
revenues that evinced the superiority of the financial administration
at Carthage. The economical principles of a later and more advanced
epoch are found by us in Carthage alone of all the more considerable
states of antiquity. Mention is made of foreign state-loans, and in
the monetary system we find along with gold and silver mention of a
token-money having no intrinsic value--a species of currency not used
elsewhere in antiquity. In fact, if government had resolved itself
into mere mercantile speculation, never would any state have solved
the problem more brilliantly than Carthage.

Comparison between Carthage and Rome
In Their Economy

Let us now compare the respective resources of Carthage and Rome.
Both were agricultural and mercantile cities, and nothing more; art
and science had substantially the same altogether subordinate and
altogether practical position in both, except that in this respect
Carthage had made greater progress than Rome. But in Carthage the
moneyed interest preponderated over the landed, in Rome at this
time the landed still preponderated over the moneyed; and, while
the agriculturists of Carthage were universally large landlords
and slave-holders, in the Rome of this period the great mass of the
burgesses still tilled their fields in person. The majority of the
population in Rome held property, and was therefore conservative; the
majority in Carthage held no property, and was therefore accessible
to the gold of the rich as well as to the cry of the democrats for
reform. In Carthage there already prevailed all that opulence which
marks powerful commercial cities, while the manners and police of Rome
still maintained at least externally the severity and frugality of