In these circumstances it is hard to see how the Roman got on without stock quotations in the newspapers. But Cæsar's publication of the Acta Diurna, or proceedings of the senate and assembly, would take the place of our newspapers in some respects, and the crowds which gathered at the points where these documents were posted, would remind us of the throngs collected in front of the bulletin in the window of a newspaper office when some exciting event has occurred. Couriers were constantly arriving from the agents of corporations in Gaul, Spain, Africa, and Asia with the latest news of industrial and financial enterprises in all these sections. What a scurrying of feet there must have been through the streets when the first news reached Rome of the insurrection of the proletariat in Asia in 88 B.C., and of the proclamation of Mithridates guaranteeing release from half of their obligations to all debtors who should kill money-lenders! Asiatic stocks must have dropped almost to the zero point. We find no evidence of the existence of an organized stock exchange. Perhaps none was necessary, because the shares of stock do not seem to have been transferable, but other financial business arising out of the organization of these companies, like the loaning of money on stock, could be transacted reasonably well in the row of banking offices which ran along one side of the Forum, and made it an ancient Wall Street or Lombard Street.

"Trusts" founded to control prices troubled the Romans, as they trouble us to-day. There is an amusing reference to one of these trade combinations as early as the third century before our era in the Captives of Plautus.[104] The parasite in the play has been using his best quips and his most effective leads to get an invitation to dinner, but he can't provoke a smile, to say nothing of extracting an invitation. In a high state of indignation he threatens to prosecute the men who avoid being his hosts for entering into an unlawful combination like that of "the oil dealers in the Velabrum." Incidentally it is a rather interesting historical coincidence that the pioneer monopoly in Rome, as in our day, was an oil trust—in the time of Plautus, of course, an olive-oil trust. In the "Trickster," which was presented in 191 B.C., a character refers to the mountains of grain which the dealers had in their warehouses.[105] Two years later the "corner" had become so effective that the government intervened, and the curule ædiles who had charge of the markets imposed a heavy fine on the grain speculators.[106] The case was apparently prosecuted under the Laws of the Twelve Tables of 450 B.C., the Magna Charta of Roman liberty. It would seem, therefore, that combinations in restraint of trade were formed at a very early date in Rome, and perhaps Diocletian's attempt in the third century of our era to lower the cost of living by fixing the prices of all sorts of commodities was aimed in part at the same evil. As for government ownership, the Roman state made one or two essays in this field, notably in the case of mines, but with indifferent success.

Labor was as completely organized as capital.[107] In fact the passion of the Romans for association shows itself even more clearly here, and it would be possible to write their industrial history from a study of their trades-unions. The story of Rome carries the founding of these guilds back to the early days of the regal period. From the investigations of Waltzing, Liebenam, and others their history can be made out in considerable detail. Roman tradition was delightfully systematic in assigning the founding of one set of institutions to one king and of another group to another king. Romulus, for instance, is the war king, and concerns himself with military and political institutions. The second king, Numa, is a man of peace, and is occupied throughout his reign with the social and religious organization of his people. It was Numa who established guilds of carpenters, dyers, shoemakers, tanners, workers in copper and gold, fluteplayers, and potters. The critical historian looks with a sceptical eye on the story of the kings, and yet this list of trades is just what we should expect to find in primitive Rome. There are no bakers or weavers, for instance, in the list. We know that in our own colonial days the baking, spinning, and weaving were done at home, as they would naturally have been when Rome was a community of shepherds and farmers. As Roman civilization became more complex, industrial specialization developed, and the number of guilds grew, but during the Republic we cannot trace their growth very successfully for lack of information about them. Corporations, as we have seen, played an important part in politics, and their doings are chronicled in the literature, like oratory and history, which deals with public questions, but the trades-guilds had little share in politics; they were made up of the obscure and weak, and consequently are rarely mentioned in the writings of a Cicero or a Livy.

It is only when the general passion for setting down records of all sorts of enterprises and incidents on imperishable materials came in with the Empire that the story of the Roman trades-union can be clearly followed. It is a fortunate thing for us that this mania swept through the Roman Empire, because it has given us some twenty-five hundred inscriptions dealing with these organizations of workmen. These inscriptions disclose the fact that there were more than eighty different trades organized into guilds in the city of Rome alone. They included skilled and unskilled laborers, from the porters, or saccarii, to the goldsmiths, or aurifices. The names of some of them, like the pastillarii, or guild of pastile-makers, and the scabillarii, or castanet-players, indicate a high degree of industrial specialization. From one man's tombstone even the conclusion seems to follow that he belonged to a union of what we may perhaps call checker-board makers. The merchants formed trade associations freely. Dealers in oil, in wine, in fish, and in grain are found organized all over the Empire. Even the perfumers, hay-dealers, and ragmen had their societies. No line of distinction seems to be drawn between the artist and the artisan. The mason and the sculptor were classed in the same category by Roman writers, so that we are not surprised to find unions of men in both occupations. A curious distinction between the professions is also brought out by these guild inscriptions. There are unions made up of physicians, but none of lawyers, for the lawyer in early times was supposed to receive no remuneration for his services. In point of fact the physician was on a lower social plane in Rome than he was even among our ancestors. The profession was followed almost exclusively by Greek freedmen, as we can see from the records on their tombstones, and was highly specialized, if we may judge from the epitaphs of eye and ear doctors, surgeons, dentists, and veterinarians. To the same category with the physician and sculptor belong the architect, the teacher, and the chemist. Men of these professions pursued the artes liberales, as the Romans put it, and constituted an aristocracy among those engaged in the trades or lower professions. Below them in the hierarchy came those who gained a livelihood by the artes ludicræ, like the actor, professional dancer, juggler, or gladiator, and in the lowest caste were the carpenters, weavers, and other artisans whose occupations were artes vulgares et sordidæ.

In the early part of this chapter the tendency of the Romans to form voluntary associations was noted as a national characteristic. This fact comes out very clearly if we compare the number of trades-unions in the Western world with those in Greece and the Orient. Our conclusions must be drawn of course from the extant inscriptions which refer to guilds, and time may have dealt more harshly with the stones in one place than in another, or the Roman government may have given its consent to the establishment of such organizations with more reluctance in one province than another; but, taking into account the fact that we have guild inscriptions from four hundred and seventy-five towns and villages in the Empire, these elements of uncertainty in our conclusions are practically eliminated, and a fair comparison may be drawn between conditions in the East and the West. If we pick out some of the more important towns in the Greek part of the Roman world, we find five guilds reported from Tralles in Caria, six from Smyrna, one from Alexandria, and eleven from Hierapolis in Phrygia. On the other hand, in the city of Rome there were more than one hundred, in Brixia (modern Brescia) seventeen or more, in Lugudunum (Lyons) twenty at least, and in Canabæ, in the province of Dacia, five. These figures, taken at random for some of the larger towns in different parts of the Empire, bring out the fact very clearly that the western and northern provinces readily accepted Roman ideas and showed the Roman spirit, as illustrated in their ability and willingness to co-operate for a common purpose, but that the Greek East was never Romanized. Even in the settlements in Dacia, which continued under Roman rule only from 107 to 270 A.D., we find as many trades-unions as existed in Greek towns which were held by the Romans for three or four centuries. The comparative number of guilds and of guild inscriptions would, in fact, furnish us with a rough test of the extent to which Rome impressed her civilization on different parts of the Empire, even if we had no other criteria. We should know, for instance, that less progress had been made in Britain than in Southern Gaul, that Salona in Dalmatia, Lugudunum in Gaul, and Mogontiacum (Mainz) in Germany were important centres of Roman civilization. It is, of course, possible from a study of these inscriptions to make out the most flourishing industries in the several towns, but with that we are not concerned here.

These guilds which we have been considering were trades-unions in the sense that they were organizations made up of men working in the same trade, but they differed from modern unions, and also from mediaeval guilds, in the objects for which they were formed. They made no attempt to raise wages, to improve working conditions, to limit the number of apprentices, to develop skill and artistic taste in the craft, or to better the social or political position of the laborer. It was the need which their members felt for companionship, sympathy, and help in the emergencies of life, and the desire to give more meaning to their lives, that drew them together. These motives explain the provisions made for social gatherings, and for the burial of members, which were the characteristic features of most of the organizations. It is the social side, for instance, which is indicated on a tombstone, found in a little town of central Italy. After giving the name of the deceased, it reads: "He bequeathed to his guild, the rag-dealers, a thousand sesterces, from the income of which each year, on the festival of the Parentalia, not less than twelve men shall dine at his tomb."[108] Another in northern Italy reads: "To Publius Etereius Quadratus, the son of Publius, of the Tribus Quirina, Etereia Aristolais, his mother, has set up a statue, at whose dedication she gave the customary banquet to the union of rag-dealers, and also a sum of money, from the income of which annually, from this time forth, on the birthday of Quadratus, April 9, where his remains have been laid, they should make a sacrifice, and should hold the customary banquet in the temple, and should bring roses in their season and cover and crown the statue; which thing they have undertaken to do."[109] The menu of one of these dinners given in Dacia[110] has come down to us. It includes lamb and pork, bread, salad, onions, and two kinds of wine. The cost of the entertainment amounted to one hundred and sixty-nine denarii, or about twenty-seven dollars, a sum which would probably have a purchasing value to-day of from three to four times that amount.

The "temple" or chapel referred to in these inscriptions was usually semicircular, and may have served as a model for the Christian oratories. The building usually stood in a little grove, and, with its accommodations for official meetings and dinners, served the same purpose as a modern club-house. Besides the special gatherings for which some deceased member or some rich patron provided, the guild met at fixed times during the year to dine or for other social purposes. The income of the society, which was made up of the initiation fees and monthly dues of the members, and of donations, was supplemented now and then by a system of fines. At least, in an African inscription we read: "In the Curia of Jove. Done November 27, in the consulship of Maternus and Atticus.... If any one shall wish to be a flamen, he shall give three amphorae of wine, besides bread and salt and provisions. If any one shall wish to be a magister, he shall give two amphorae of wine.... If any one shall have spoken disrespectfully to a flamen, or laid hands upon him, he shall pay two denarii.... If any one shall have gone to fetch wine, and shall have made away with it, he shall give double the amount."[111]

The provision which burial societies made for their members is illustrated by the following epitaph:

"To the shade of Gaius Julius Filetio, born in Africa, a physician, who lived thirty-five years. Gaius Julius Filetus and Julia Euthenia, his parents, have erected it to their very dear son. Also to Julius Athenodorus, his brother, who lived thirty-five years. Euthenia set it up. He has been placed here, to whose burial the guild of rag-dealers has contributed three hundred denarii."[112] People of all ages have craved a respectable burial, and the pathetic picture which Horace gives us in one of his Satires of the fate which befell the poor and friendless at the end of life, may well have led men of that class to make provisions which would protect them from such an experience, and it was not an unnatural thing for these organizations to be made up of men working in the same trade. The statutes of several guilds have come down to us. One found at Lanuvium has articles dealing particularly with burial regulations. They read in part:[113]

"It has pleased the members, that whoever shall wish to join this guild shall pay an initiation fee of one hundred sesterces, and an amphora of good wine, as well as five asses a month. Voted likewise, that if any man shall not have paid his dues for six consecutive months, and if the lot common to all men has befallen him, his claim to a burial shall not be considered, even if he shall have so stipulated in his will. Voted likewise, that if any man from this body of ours, having paid his dues, shall depart, there shall come to him from the treasury three hundred sesterces, from which sum fifty sesterces, which shall be divided at the funeral pyre, shall go for the funeral rites. Furthermore, the obsequies shall be performed on foot."