Knickerbocker's history of New York, vol. 1 (of 2)Irving, Washington
History
Knickerbocker's history of New York, vol. 1 (of 2)
Irving, Washington
New York (State) -- History -- Colonial period, ca. 1600-1775
Such was the punishment of all petty delinquents, vagrants, and beggars
and others detected in being guilty of poverty in a small way; as to
those who had offended on a great scale, who had been guilty of flagrant
misfortunes and enormous backslidings of the purse, and who stood
convicted of large debts, which they were unable to pay, William Kieft
had them straightway inclosed within the stone walls of a prison, there
to remain until they should reform and grow rich. This notable
expedient, however, does not appear to have been more efficacious under
William the Testy than in more modern days: it being found that the
longer a poor devil was kept in prison the poorer he grew.
[Illustration]
=Chapter VI.=
PROJECTS OF WILLIAM THE TESTY FOR INCREASING THE CURRENCY—HE IS
OUTWITTED BY THE YANKEES—THE GREAT OYSTER WAR.
Next to his projects for the suppression of poverty may be classed those
of William the Testy for increasing the wealth of New Amsterdam.
Solomon, of whose character for wisdom the little governor was somewhat
emulous, had made gold and silver as plenty as the stones in the streets
of Jerusalem. William Kieft could not pretend to vie with him as to the
precious metals, but he determined, as an equivalent, to flood the
streets of New Amsterdam with Indian money. This was nothing more nor
less than strings of beads wrought of clams, periwinkles, and other
shell-fish, and called seawant or wampum. These had formed a native
currency among the simple savages, who were content to take them of the
Dutchmen in exchange for peltries. In an unlucky moment, William the
Testy, seeing this money of easy production, conceived the project of
making it the current coin of the province. It is true it had an
intrinsic value among the Indians, who used it to ornament their robes
and moccasins, but among the honest burghers it had no more intrinsic
value than those rags which form the paper currency of modern days. This
consideration, however, had no weight with William Kieft. He began by
paying all the servants of the company, and all the debts of government,
in strings of wampum. He sent emissaries to sweep the shores of Long
Island, which was the Ophir of this modern Solomon, and abounded in
shell-fish. These were transported in loads to New Amsterdam, coined
into Indian money, and launched into circulation.
Public-domain text, read in full here on John Shaqi.
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