The Origin of Metallic Currency and Weight Standards — John Shaqi
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
Nor has this employment of strings of shells as money even yet
disappeared from North America. Thus Powers writes[21] of the Karoks
and other tribes of California: “For money they make use of the red
scalps of woodpeckers, which rate at $2.50 to $5.0 a piece, and of the
dentalium shell, of which they grind off the tip, and string it on
strings, the shortest pieces are worth 25 cents, and the longest about
two dollars, the value rising rapidly with the length. The strings are
usually about as long as a man’s arm. It is called _al-li-ko-chik_ (in
Yarok this signifies literally Indian money) not only on the Klamath
but from Crescent city to Eel river, though the tribes using it speak
several different languages. When the Americans first arrived in the
country an Indian would give 40 or 50 dollars gold for a string, but
now the abundance of the supply has depreciated its value and it is
principally the old Indians who esteem it.” Again he writes, “Some
of the young bloods array their Dulcineas for the dance with lavish
adornments, hanging on their dress 30, 40 or 50 dollars worth of dimes,
quarter dollars and half dollars arranged in strings.” This shows that
the new currency of silver is treated by them in exactly the same way
as the old shell strings, both of them deriving their value as media of
exchange from the fact that they are the objects most universally prized
as ornaments for the person.
Elsewhere the same writer observes: “Immense quantities of it (shell
money) were formerly in circulation among the Californian Indians, and
the manufacture of it was large and constant to replace the continual
wastage caused by the sacrifice of so much on the death of wealthy men,
and by the propitiatory sacrifices performed by many tribes, especially
those of the coast range. From my own observations, which have not
been limited, and from the statements of pioneers and of the Indians
themselves, I hesitate little to express the belief that every Indian
in the state in early days possessed an average of at least 100 dollars
worth of shell money. This would represent the value of almost two women
(though the Nishinam never actually bought their wives), or two grizzly
bear skins, or 25 cinnamon bear skins or about three average ponies.
The young English-speaking Indians hardly use it at all except in a few
dealings with their elders or for gambling. One sometimes lays away a few
strings of it for he knows he cannot squander it at the stores. It is
singular how old Indians cling to this currency when they know it will
purchase nothing for them at the stores; but then their wants are few,
and mostly supplied from the sources of nature, and besides that the
money has a certain religious value in their eyes, as being alone worthy
to be offered up on the funeral pile of departed friends or famous chiefs
of their tribes[22].”
Public-domain text, read in full here on John Shaqi.
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