Chats on Military CuriosJohnson, Stanley C. (Stanley Currie)
History
Chats on Military Curios
Johnson, Stanley C. (Stanley Currie)
Military art and science
Another interesting case of paper money which owed its inception to the
needs of war is the Mafeking currency, issued by Baden-Powell during
the famous siege by the Boers, which lasted from October 13, 1899, to
May 17, 1900. The face value of the Mafeking notes was £1, 10s., 3s.,
and 1s., but copies now change hands at considerably enhanced prices.
The issue of paper money is no new idea; the French resorted to the
practice in Napoleon's time, as they had also done during the life of
the Republic which came into being on September 20, 1792. This latter
body issued notes, termed "assignats," of five different denominations,
ranging in value from about a sovereign to forty pounds. The assignats,
it may be stated, were dishonoured by the succeeding Government, and
people who held them lost their money. The writer possesses a few
specimens which were given him, many years ago, by an old French lady
whose family had fallen from affluence to humble circumstances solely
through the dishonouring of these paper notes.
But the most interesting war currency which we have so far discovered
is the obsidional money of the Great Rebellion of 1642-9. Historical
data of this period is too well known to need repetition here, and
it is sufficient to say that Charles, after he suffered defeat at
Naseby, was forced to withdraw his troops to certain castles and towns
throughout the land. From these strongholds he made occasional sallies,
but a depleted exchequer always hampered his movements.
[Illustration: MONEY OF THE GREAT REBELLION, 1642-9.
(1. Newark sixpence--2. Colchester gold half unite--3. Pontefract
two-shilling piece--4. Ormond half-crown--5. Dublin crown of Charles
II.)]
In order to obtain sufficient money to finance the Army, Charles
begged the Universities of Oxford and Cambridge to give him their
collections of plate, which he intended to melt down and recast as
silver currency. "The University of Oxford and the majority of its
colleges sent their plate, which was safely conveyed to the King, but
that of the University of Cambridge was not sent, although many of the
individual colleges contributed theirs. The treasures of St. John's and
Magdalen, however, never reached their destination, but were seized by
Cromwell whilst in transit to Nottingham."[26] Charles had many wealthy
followers, however, and these were only too ready to help on the cause
of the Royalists by sacrificing their silver ware.
[26] Dr. Nelson, "Obsidional Money of the Great Rebellion," p. 7.
With such supplies of metal the King was able to establish mints
at Carlisle, Beeston Castle, Scarborough, Lathom House, Newark,
Colchester, and Pontefract. The money supplied by these mints was used
for paying the soldiers and buying material; it was also more or less
honoured in the surrounding villages.
Public-domain text, read in full here on John Shaqi.
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