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I, men of Athens, lent to this man, Phormio, twenty minae for the double voyage to Pontus and back, on the security of goods of twice that value,1 and deposited a contract with Cittus the banker. But, although the contract required him to put on board the ship goods to the value of four thousand drachmae, he did the most outrageous thing possible. For while still in the Peiraeus he, without our knowledge, secured an additional loan of four thousand five hundred drachmae from Theodorus the Phoenician, and one of one thousand drachmae from Lampis the shipowner.

1 Such seems the most probable meaning of the disputed phrase.

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