The "last war" mentioned in this inscription was the Lamian War of 323/2 B.C. - there is a similar expression in Syll_329. Very little is known about the course of this war at sea, but it is clear from here and elsewhere that the Athenians suffered at least one serious defeat; see W.Heckel, "The Marshals of Alexander's Empire", page 374 ( Google Books ).
When Leostratos was archon, in the twelfth prytany of the Aiantis tribe, with Diophantos of Phegous, the son of Dionysodoros, as secretary; on the 21st day of Skirophorion, which was the 23rd day of the prytany, in full assembly; Deximbrotos of Paiania, the son of Arkesilas, and the other presidents put it to the vote on behalf of the presidents; it is resolved by the people, as proposed by Kallimachos of Hermos, the son of Lysimachos: since Nikon of Abydos has at all times continually shown goodwill towards the Athenian people and privately has acted kindly towards those Athenians who arrive at Abydos and publicly has helped the city in whatever way he can; and in the last war, he helped to rescue many of the citizens from the sea-battle and he gave them supplies to enable them to travel back to the city; therefore it is resolved to praise Nikon of Abydos, the son of Nikostratos, on account of his virtue and his goodwill towards the Athenian people, and to crown him with a golden [crown of . . . drachmas], so that . . . vote at the first available assembly. This decree shall be inscribed on a stone stele and placed on the acropolis, and treasurer of the people shall give . . . drachmas for the inscribing of the stele from the funds set aside by the people for the costs of decrees.
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