John Henry Freese

“ Although free birth was considered indispensable, the right of wearing the gold ring (jus anuli aurei) was frequently bestowed by the emperor upon freedmen, who thereby became ingenui and eligible as equites. Tiberius, however, insisted upon free birth on the father’s side to the third generation. Extreme youth was no bar; the emperor Marcus Aurelius had been an eques at the age of six. The sons of senators were eligible by right of birth, and appear to have been known as equites illustres. The right of bestowing the equus publicus was vested in the emperor ”

“ As the equites practically monopolized the farming of the taxes, they came to be regarded as identical with the publicani, not, as Pliny remarks, because any particular rank was necessary to obtain the farming of the taxes, but because such occupation was beyond the reach of all except those who were possessed of considerable means. ”

“ The equites remained at home, or only went out as members of the general’s staff, their places being taken by the equites equo privato, the cavalry of the allies and the most skilled horsemen of the subject populations. The first gradually disappeared, and Roman citizens were rarely found in the ranks of the effective cavalry. In these circumstances there grew up in Rome a class of wealthy men, whose sole occupation it was to amass large fortunes by speculation, and who found a most lucrative field of enterprise in state contracts and the farming of the public revenues. ”