By this extensive measure the poor debtors—the Thetes, small tenants, and proprietors—together with their families, were rescued from suffering and peril. But these were not the only debtors in the state: the creditors and landlords of the exonerated Thetes were doubtless in their turn debtors to others, and were less able to discharge their obligations in consequence of the loss inflicted upon them by the Seisachtheia. It was to assist these wealthier debtors, whose bodies were in no danger—yet without exonerating them entirely—that Solon resorted to the additional expedient of debasing the money standard. He lowered the standard of the drachma in a proportion of something more than 25 per cent., so that 100 drachmas of the new standard contained no more silver than 73 of the old, or 100 of the old were equivalent to 138 of the new. By this change the creditors of these more substantial debtors were obliged to submit to a loss, while the debtors acquired an exemption to the extent of about 27 per cent.
Lastly, Solon decreed that all those who had been condemned by the archons to
Such were the measures of relief with which Solon met the dangerous discontent then prevalent. That the wealthy men and leaders of the people—whose insolence and iniquity he has himself severely denounced in his poems, and whose views in nominating him he had greatly disappointed—should have detested propositions which robbed them without compensation of many legal rights, it is easy to imagine. But the statement of Plutarch that the poor emancipated debtors were also dissatisfied, from having expected that Solon would not only remit their debts, but also redivide the soil of Attica, seems utterly incredible; nor is it confirmed by any passage now remaining of the Solonian poems. Plutarch conceives the poor debtors as having in their minds the comparison with Lycurgus and the equality of property at Sparta, which, in my opinion, is clearly a matter of fiction; and even had it been true as a matter of history long past and antiquated, would not have been likely to work upon the minds of the multitude of Attica in the forcible way that the biographer supposes. The Seisachtheia must have exasperated the feelings and diminished the fortunes of many persons; but it gave to the large body of Thetes and small proprietors all that they could possibly have hoped. We are told that after a short interval it became eminently acceptable in the general public mind, and procured for Solon a great increase of popularity—all ranks concurring in a common sacrifice of thanksgiving and harmony. One incident there was which occasioned an outcry of indignation. Three rich friends of Solon, all men of great family in the state, and bearing names which appear in history as borne by their descendants—namely: Conon, Cleinias, and Hipponicus—having obtained from Solon some previous hint of his designs, profited by it, first to borrow money, and next to make purchases of lands; and this selfish breach of confidence would have disgraced Solon himself, had it not been found that he was personally a great loser, having lent money to the extent of five talents.