retire from the field. And so again with ironfounders. Or again, in a plethoric condition of the corn and wine market these fruits of the soil will be so depreciated in value that the particular husbandries cease to be remunerative, and many a farmer will give up his tillage of the soil and betake himself to the business of a merchant, or of a shopkeeper, to banking or money-lending. But the converse is the case in the working of silver; there the larger the quantity of ore discovered and the greater the amount of silver extracted, the greater the number of persons ready to engage in the operation. One more illustration: take the case of movable property. No one when he has got sufficient furniture for his house dreams of making further purchases on this head, but of silver no one ever yet possessed so much that he was forced to cry "enough." On the contrary, if ever anybody does become possessed of an immoderate amount he finds as much pleasure in digging a hole in the ground and hoarding it as in the actual employment of it. And from a wider point of view: when a state is prosperous there is nothing which people so much desire as silver. The men want money to expend on beautiful armour and fine horses, and houses, and sumptuous paraphernalia (6) of all sorts. The women betake themselves to expensive apparel and ornaments of gold. Or when states are sick, (7) either through barrenness of corn and other fruits, or through war, the demand for current coin is even more imperative (whilst the ground lies unproductive), to pay for necessaries or military aid.

And if it be asserted that gold is after all just as useful as silver, without gainsaying the proposition I may note this fact (8) about gold, that, with a sudden influx of this metal, it is the gold itself which is depreciated whilst causing at the same time a rise in the value of silver.

The above facts are, I think, conclusive. They encourage us not only to introduce as much human labour as possible into the mines, but to extend the scale of operations within, by increase of plant, etc., in full assurance that there is no danger either of the ore itself being exhausted or of silver becoming depreciated. And in advancing these views I am merely following a precedent set me by the state herself. So it seems to me, since the state permits any foreigner who desires it to undertake mining operations on a footing of equality (9) with her own citizens.

But, to make my meaning clearer on the question of maintenance, I will at this point explain in detail how the silver mines may be furnished and extended so as to render them much more useful to the state. Only I would premise that I claim no sort of admiration for anything which I am about to say, as though I had hit upon some recondite discovery. Since half of what I have to say is at the present moment still patent to the eyes of all of us, and as to what belongs to past history, if we are to believe the testimony of our fathers, (10) things were then much of a piece with what is going on now. No, what is really marvellous is that the state, with the fact of so many private persons growing wealthy at her expense, and under her very eyes, should have failed to imitate them. It is an old story, trite enough to those of us who have cared to attend to it, how once on a time Nicias, the son of Niceratus, owned a thousand men in the silver mines, (11) whom he let out to Sosias, a Thracian, on the following terms. Sosias was to pay him a net obol a day, without charge or deduction, for every slave of the thousand, and be (12) responsible for keeping up the number perpetually at that figure. So again Hipponicus (13) had six hundred slaves let out on the same principle, which brought him in a net mina (14) a day without charge or deduction. Then there was Philemonides, with three hundred, bringing him in half a mina, and others, I make no doubt there were, making profits in proportion to their respective resources and capital. (15) But there is no need to revert to ancient history. At the present moment there are hundreds of human beings in the mines let out on the same principle. (16) And given that my proposal were carried into effect, the only novelty in it is that, just as the individual in acquiring the ownership of a gang of slaves finds himself at once provided with a permanent source of income, so the state, in like fashion, should possess herself of a body of public slaves, to the number, say, of three for every Athenian citizen. (17) As to the feasibility of our proposals, I challenge any one whom it may concern to test the scheme point by point, and to give his verdict.

With regard to the price then of the men themselves, it is obvious that the public treasury is in a better position to provide funds than any private individuals. What can be easier than for the Council (18) to invite by public proclamation all whom it may concern to bring their slaves, and to buy up those produced? Assuming the purchase to be effected, is it credible that people will hesitate to hire from the state rather than from the private owner, and actually on the same terms? People have at all events no hesitation at present in hiring consecrated grounds, sacred victims, (19) houses, etc., or in purchasing the right of farming taxes from the state. To ensure the preservation of the purchased property, the treasury can take the same securities precisely from the lessee as it does from those who purchase the right of farming its taxes. Indeed, fraudulent dealing is easier on the part of the man who has purchased such a right than of the man who hires slaves. Since it is not easy to see how the exportation (20) of public money is to be detected, when it differs in no way from private money. Whereas it will take a clever thief to make off with these slaves, marked as they will be with the public stamp, and in face of a heavy penalty attached at once to the sale and exportation of them. Up to this point then it would appear feasible enough for the