The Chautauquan, Vol. 04, July 1884, No. 10Chautauqua Literary and Scientific Circle
History
The Chautauquan, Vol. 04, July 1884, No. 10
Chautauqua Literary and Scientific Circle
Chautauqua Institution -- Periodicals; Chautauqua Literary and Scientific Circle -- Periodicals
“Yet, mendicant though he was, it would be a great mistake to suppose
that he was not always a welcome guest. He slept in the best room, sat
in the warmest nook by the fire, and had the best food set before him at
the table. In the long winter evenings he helped the boys with their
lessons, held yarn for the daughters, or escorted them to spinning
matches and quiltings. In return for his miserable pittance and his
board, the young student taught what would now be considered as the
rudiments of an education. His daily labors were confined to teaching his
scholars to read with a moderate degree of fluency, to write legibly, to
spell with some regard for the rules of orthography, and to know as much
of arithmetic as would enable them to calculate the interest on a debt,
to keep the family accounts, and to make change in a shop.
“Nor was this making change a simple matter. Fifty years ago the silver
pieces which passed from hand to hand, under the name of small change,
were largely made up of foreign coins. They had been in circulation long
before the war for independence, had seen much service, and were none the
better for the wear and tear they had sustained.
“One of these pieces was known as the four-pence, but passed for six and
a quarter cents if, as the result of long hoarding, the inscription was
legible, and the stamp easy to make out; but when worn smooth—and the
four-pence pieces generally were worn smooth and crossed—no one would
take them for more than five cents. A larger coin was the nine-pence,
which passed for twelve and a half cents. The pistareen was worth twenty
cents. The picayune, a term rarely used north of Mason and Dixon’s
line, went for six and a quarter cents. But the confusion was yet more
increased by the language which merchants used to express the price of
their goods.
“The value of the gold pieces expressed in dollars was pretty much the
same the country over. But the dollar, and the silver pieces regarded as
fractions of a dollar, had no less than five different values. In New
England and Virginia a merchant who spoke of a dollar was understood
to mean six shillings, or one hundred and eight coppers; but the same
merchant would, the moment he set foot in North Carolina or New York,
be content with demanding ninety-six coppers, or eight shillings, as
the equivalent of a dollar. Sixpence in Massachusetts meant eight and a
third cents; a shilling meant sixteen and two-third cents; two-and-three
pence was thirty-seven and a half cents; three shillings was fifty cents;
four-and-six was seventy five cents; nine shillings was a dollar and a
half.”
Public-domain text, read in full here on John Shaqi.
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