Letter 8002: Other people go to their estates to return richer than they went ; I go to come back the poorer.

Pliny the YoungerCalvisius|c. 107 AD|Pliny the Younger
barbarian invasionproperty economics

To Calvisius.

Other people go to their estates to return richer than they went ; I go to come back the poorer. I had sold my vintage to the dealers who bid against one another for the purchase, tempted by the prices quoted at the time and the prices which they thought would be quoted later on. However, their expectations were disappointed. It would have been a simple matter to make certain remissions to all in equal proportions, but it would hardly have met the justice of the case, for it seems to me to be an honourable man's first duty to practise a strict rule of justice, both at home and out-of-doors, in small things as well as in great, and in dealing with one's own as with other people's property. For if, as the Stoics say, all offences are equally serious, all merits should be equally consistent. * Consequently, "in order that no one should go away without a present from me," ** I remitted to each an eighth part of the price at which he had bought, and then I made separate additional remissions for those who had been the largest buyers, since they had benefited me more than the others had, and had themselves sustained the greater loss. So to those who had paid more than 10,000 sesterces for their share, I remitted a tenth of the sum paid above 10,000 sesterces, in addition to the other remission of an eighth of the total sum which I had made to all indiscriminately.

I am afraid I have not expressed this quite clearly, so I will explain my system more fully. Those, for example, who had purchased 15,000 sesterces' worth of the vintage had remitted to them an eighth of the 15,000 and a tenth of 15,000. Besides this, it struck me that some had actually paid over a considerable share of the purchase money, while others had only paid a fraction, and others none at all, and I thought it was not fair to deal as generously in the matter of remission with the latter as with the former, and place those who had loyally paid up on a level with those who had not. So to those who had paid I remitted a further tenth of the sums paid over. By so doing I made a neat recognition of my acknowledgment of each man's honourable conduct on the old deal, and I also offered them all a bait to make future deals with me, and not only purchase, but pay ready money. This reasonable or generous - whichever you like to call it - conduct on my part has put me to considerable expense, but it was well worth it, for throughout the entire district people are warmly approving this new method of making remissions. As for those whom I graded and classified, without, so to speak, lumping them all together, the more honourable and upright they were, the more devoted to me were they on leaving, since they had discovered that I was not one of those people who "hold in equal honour the good and the bad."
† Farewell.

[Note: i.e., we should practice virtuous actions in small as well as great things. ]

[Note: Virgil, Aeneid v.305. ]

(†) Homer, Iliad ix.319.

Modern English rendering for readability. See the 19th-century translation or original Latin/Greek for scholarly use.

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