Note 60 — BOOK XIII. (continued 3)

This would have been 18 per cent. Three drachmæ were about 36 per cent. The former appears to have been the usual rate of interest at Athens in the time of Lysias; for we find in Demosthenes that interest ἐπὶ δραχμῇ , that is to say, a drachma a month interest for each mina lent, was considered low. It was exceedingly common, however, among the money-lenders, to exact an exorbitant rate of interest, going even as high as a drachma every four days.—See Smith's Dict. Ant. v. Interest, p. 524.