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Philip was by this time a powerful prince; but still he was as yet barely a match for Athens, had she chosen to put forth her full strength. He had an efficient army and a good revenue, and he also had the luck to have other collateral advantages. He had tools and agents in several Greek states; and he had practically on his side at Athens very many of the rich and well-to-do citizens, who shrank from the idea of a war which required personal service and exertion. It was perfectly clear that a contest with him would have been a serious undertaking. At the same time, his position, though strong, was not altogether secure. He had, as we have seen, possessed himself of some of the coast towns, and he had a fleet in the Ægean. Athens should never have allowed him to advance to this point. She had flung away opportunities; but even now it was not too late to check him with the help of a seasonable alliance. As yet he had no hold on the district known as Chalcidice, which juts out with its three peninsulas into the north-west of the Ægean. It was a valuable and commanding strip of country; and it contained thirty Greek towns, of which the chief was the city Olynthus, at the head of the Toronæan gulf. Some of these towns regarded themselves as dependencies of Olynthus, and formed what was known as the Olynthian confederacy. There was a time when even Pella, now the capital of Macedonia, was included in their number. Olynthus, indeed, had been quite the most powerful city in the north of the Ægean, and far too proud to submit to the supremacy of either Sparta or