The Bay State Monthly — Volume 2, No. 6, March, 1885Various
History
The Bay State Monthly — Volume 2, No. 6, March, 1885
Various
Massachusetts -- Periodicals; New England -- Periodicals
In the days of the patriarch Abraham, it was one to eight; B.C. 1000, it
was one to twelve; B.C. 500, it was one to thirteen; at the commencement
of the Christian era, it was one to nine; A.D. 500, it was one to
eighteen; in 1100, it was one to eight; in 1400, it was one to eleven;
in 1545, it was one to six; in 1551 it was one to two; in 1600, it was
one to ten; in 1627, it was one to thirteen; in 1700, it was one to
fifteen and one-half; it held the latter ratio, with but slight
variation, until 1872, when it began to rise, and in 1876 it rose to one
to twenty; it soon afterwards gradually declined, and now stands one to
nineteen and one-half. The supply of silver beyond a legitimate demand
for financial purposes, the decrease of the export of silver to the
East, and the demonetization of silver by the principal countries of
Europe, have induced a tendency in the ratio of the two metals to again
advance. Gold was extremely abundant in ancient times. It was
plenteously furnished by the rivers of Asia. The sands of Pactolus, the
golden fleece conquered by the Argonauts, the gold of Ophir, the fable
of King Midas, all tend to show the eastern origin of gold. It was
abundant in Cabul and Little Thibet. It abounded in the empire of the
Pharaohs, as is attested by the traces of mining operations, now
exhausted, and by the multitude of objects of gold contained in their
tombs. Dennis ("History of the Cities and Cemeteries of Etruria," vol.
II, p. 50) states that "gold ornaments, whose beauty and richness are
amazing, abound in the tombs of the Etruscans, who were undoubtedly one
of the most remarkable nations of antiquity, and the great civilizers
of Italy. In a single tomb in Cerveti, fragments of breastplates,
earrings, and brooches, sufficient to fill more than one basket, were
found crushed beneath a mass of fallen masonry. A gold chain, with a
number of pendant _scaraboei_, was found in a tomb in Vulci,
transcending anything before seen by him. Bieda, Chiusi, Canosa,
Casuccini, Perugia, and Veii belong in the same category." Schlieman
("Ilios" p. 253, et. seq.) states that they had an abundance of gold,
bordering, as they did, on Phrygia, and nearly touching the valley of
the Pactolus, so famous for its auriferous sands. It was very pure and
therefore easily worked. In a tomb a single vase was found containing
eighty-seven hundred small objects of gold. Ornaments of gold are very
abundant in the tombs of Mycenae. In remote antiquity the bulk of gold
was brought by the Phenicians from Arabia, which had twenty-two gold
mines. It was the ancient El Dorado, and proverbial for its wealth of
gold in all antiquity, down to the Middle Ages. "Arabia sends us gold,"
said Thomas A. Becket. Sacred ornaments of gold abound in churches,
temples, pagodas, and tombs, throughout the Eastern hemisphere. The
Homeric poems call Mycenae a city rich in gold. Gold abounded in the
Levant, and it was obtained in considerable quantity in the island of
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