The Origin of Metallic Currency and Weight StandardsRidgeway, William
History
The Origin of Metallic Currency and Weight Standards
Ridgeway, William
Money -- Origin; Weights and measures -- History
This region supplies us with yet another point which can help to clear
up the history of early metallic currency. The iron ingots which come
from the Cambodian provinces of Kompong Soai form a special kind of
money. These ingots are not weighed, but they have the length of the
space between the base of the thumb and the tip of the forefinger, they
are in breadth two fingers, and one finger in thickness in the middle,
thinning off to either end. Three of these ingots = 1 _chi_ = 1 _sling_ =
1 string of cash; thus 12 ingots = 1 _tical_ of silver. These ingots are
also counted by bags of 20; thus 1 _nên_ or bar of silver = 15 bags = 300
ingots of iron.
At Bassak the iron ingot is replaced by the _lat_, the copper ingot
of Laos, which varies in value in the different moeungs (provinces)
according to its size. Here is a remarkable confirmation of my contention
that it was only at a period considerably later than the weighing of gold
that the scales were employed for copper and iron, the catty being kept
as in Annam and Cambodia for ordinary goods.
We can now make a further advance in our quest of the first beginnings of
money and weights in this interesting region. There are many wild tribes
in Annam and Laos, who still employ no method save that of barter, when
dealing one with another, although when they touch on the more civilized
regions they have to conform their native systems in some degree to the
more developed currency of their neighbours, from whom they have to
procure the few luxuries of their simple life. We saw above that among
the wild tribesmen all articles have a well-defined relationship to each
other, some particular article being usually taken as the common measure
of all the rest, or rather two or three so that they may have units for
estimating their more common as well as their more valuable possessions.
So in Annam the buffalo often serves as the general unit of value for the
more valuable articles. Thus a large chaldron is worth three buffalos,
a handsome gong two buffalos, a small gong one buffalo, six copper
dishes one buffalo, two lances one buffalo, a rhinoceros horn eight
buffalos, a large pair of elephant’s tusks six buffalos, a small pair
three buffalos[219]. Thus the buffalo which takes the place of the ox
in China and South-Eastern Asia, is used as the commercial unit in like
fashion as we found the ox employed among the Homeric Greeks, the ancient
Italians, the ancient Irish, and the modern Ossetes. But the Annamites
themselves employ as currency the silver bar and string of cash as we saw
above: accordingly when the hill tribes have dealings with the people of
the plain the full grown buffalo is reckoned at a bar of silver, or, its
equivalent, 100 strings of cash[220], while the small buffalo is set at
fifty strings.
Public-domain text, read in full here on John Shaqi.
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