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
of all the articles of daily life it is easy to estimate how many hoes
any even of their more costly possessions is worth. Thus the full-grown
buffalo = 7 jars = 28 _muks_ = 280 hoes, or about £1. 3_s._ 4_d._ of our
money. All these transactions require no use of weights, being reckoned
by bulk or tale. But now comes the most interesting feature for us, a
people in the complete stage of barter, but who actually possess, work
and traffic in gold.
In all the streams on the side next Laos the wild people wash gold,
men, women and children all alike joining in this laborious industry,
and employ as ‘cradles’ little baskets made of bamboo. The gold is sold
in dust at the _rate of the weight in gold of one grain of maize for
one hoe_. Here then we have finally run to ground one of the principal
objects of our quest. We have a primitive people, who carry on all
their trade by means of barter, who have no currency in the precious
metals, but who employ as their most general unit of small value the
iron hoe. They are found to weigh one thing and one only, namely gold,
and for that purpose they do not employ any weight standard borrowed
from China or Annam, but equate a certain amount of gold to the unit of
barter, and then fix as a constant that amount of gold by balancing it
against a grain of the corn that forms one of the chief staples of their
subsistence. Nature herself has supplied man with weights of admirable
exactitude ready to his hand in the natural seeds of plants, and as soon
as he finds out the need of determining with great care the precious
substance which he has to win with toil and hardship from the stream, he
takes the proffered means and fashions for himself a balance and weights.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account