Letter 54

To Trajan Thanks, Sir, to your forethought and my administration the public revenues have either already been collected or are being collected at this moment, and I am afraid that the money may lie idle. For an opportunity of buying land rarely or never arises, and it is impossible to find persons ready to borrow from the State, especially at twelve per cent per month, for at that rate they can borrow from private individuals. Consider therefore, Sir, whether you think the rate of interest should be lowered and by this means attract suitable borrowers, or whether, if they are not forthcoming even then, the money should be divided among the decurions in such a way that they give good security for it to the State. Such a course, even though it displeased them and they were unwilling to take the money, would be less obnoxious provided the rate were lowered.

L To Trajan Thanks, Sir, to your forethought and my administration the public revenues have either already been collected or are being collected at this moment, and I am afraid that the money may lie idle. For an opportunity of buying land rarely or never arises, and it is impossible to find persons ready to borrow from the State, especially at twelve per cent per month, for at that rate they can borrow from private individuals. Consider therefore, Sir, whether you think the rate of interest should be lowered and by this means attract suitable borrowers, or whether, if they are not forthcoming even then, the money should be divided among the decurions in such a way that they give good security for it to the State. Such a course, even though it displeased them and they were unwilling to take the money, would be less obnoxious provided the rate were lowered.