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BY: ADMIN | 05.01.2013

TWO:In Rome, as well as in Greece, rationalism took the form of disbelief in divination. Here at least the Epicurean, the Academician, and, among the Stoics, the disciple of Panaetius, were all agreed. But as the sceptical movement began at a much later period in Rome than in the country where it first originated, so also did the supernaturalist reaction come later, the age of Augustus in the one corresponding very nearly with the age of Alexander in the other. Virgil and Livy are remarkable for their faith in omens; and although the latter complains of the general incredulity with which narratives of such events were received, his statements are to be taken rather as an index of what people thought in the age immediately preceding his own, than as an accurate description of contemporary opinion. Certainly nothing could be farther from the truth than to say that signs and prodigies were disregarded by the Romans under the empire. Even the cool and cautious Tacitus feels himself obliged to relate sundry marvellous incidents which seemed to accompany or to prefigure great historical catastrophes; and the more credulous Suetonius has transcribed an immense number of such incidents from the pages of older chroniclers, besides informing us of the extreme attention paid even to trifling omens by Augustus.341The South Sea Company had immediately on the passing of the Bill proposed a subscription of one million, and this was so eagerly seized on that, instead of one, two millions were subscribed. To stimulate this already too feverish spirit in the public, the Company adopted the most false and unjustifiable means. They had eight millions and a half to pay over to Government as a douceur for granting them the management of the Funds; and, therefore, to bring this in rapidly, they propagated the most lying rumours. It was industriously circulated that Lord Stanhope had received overtures at Paris to exchange Gibraltar and Port Mahon for invaluable gold lands in Peru! The South Sea trade was vaunted as a source of boundless wealth in itself. In August the stock had risen from the one hundred and thirty of the last winter to one thousand! Men sold houses and land to become shareholders; merchants of eminence neglected their affairs and crippled their resources to reap imaginary profits. The Company flattered the delusion to the utmost. They opened a third, and even a fourth subscription, larger than the former, and passed a resolution that from next Christmas their yearly dividend should not be less than fifty per cent.! In labouring to increase the public delusion they seem to have caught the contagion themselves, for they began to act, not like men who were blowing a bubble which they knew must speedily burst, but like persons who had mounted permanently into the very highest seat of prosperous power. They assumed the most arrogant and overbearing manner, even towards men of the highest station and influence. "We have made them kings," said a member of Parliament, "and they deal with everybody as such."

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