We have now to see how they gained this importance and
this power, and what use they made of their capital and their
opportunities. This is not usually explained or illustrated in the
ordinary histories of Rome, yet it is impossible without explaining it
to understand either the social or the public life of the Rome of this
period.
The men of business may be divided into two classes, according as they
undertook work for the State or on their own account entirely. It does
not follow that these two classes were mutually exclusive; a man might
very well invest his money in both kinds of undertaking, but these two
kinds were totally distinct, and called by different names. A public
undertaking was called _publicum_,[109] and the men who undertook it
_publicani_; a private undertaking was _negotium_, and all private
business men were known as _negotiatores_. The publicani were always
organised in joint-stock companies (_societates publicanorum_);
the negotiatores might be in private partnership with one or more
partners,[110] but as a rule seem to have been single individuals.
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