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
We also learned how currency in baser metals such as copper or iron takes
its origin. The history of the ordinary copper _cash_ of the Chinese,
which can be clearly traced step by step, brings us back to a time when
a bronze knife, one of the most requisite articles of daily life, formed
the ordinary small currency of the Chinese, just as the Greek _obolos_
originally was an actual _spike_ made of copper or iron, and just as the
Bahnars of Annam still use the hoe as their lowest monetary denomination,
an implement likewise similarly employed by the Chinese at an early
period, as miniature hoes at one time used as true currency put beyond
doubt. We also saw the negroes of Central Africa employing iron made into
pieces ready to be cut into two hoes, and we also found those on the West
Coast of Africa and the Hottentots employing bars of iron in a raw state,
as a kind of currency. We also saw one most important feature possessed
by all those in common, viz. the fact that in the determination of the
value of the bar, the ingot, the piece of iron made in the shape of two
hoes, and the bronze knife, not weight but linear measurement based on
the parts of the human body, was the method invariably employed.
We then advanced to Western Asia and Europe and found everywhere
alike the weight standards fixed by means of the seeds of plants. The
process likewise was made perfectly plain. We did not find the highest
denomination taken as the unit and the lowest reached by a long process
of subdivisions, and finally for convenience sake described as consisting
of so many grains of corn, as the brilliant French _savant_ assumes in
the case of the Assyrians: on the contrary we found that the bushel of
Henry VII. was reached by first fixing the weight of the penny sterling
by means of 32 grains of wheat, round and dry and “taken from the
midst of the ear of wheat after the old laws of the land.” Again the
Irish Kelts did not say that the _unga_ or ounce must contain so many
_screapalls_, and each _screapall_ so many _pingiuns_, but they proceeded
in quite the reverse way first fixing the weight of the _pingiun_ by
eight grains of wheat. We may then well assume that such too was the
process among Greeks, Romans, Arabs and Hindus. Brahmegupta, and the
legislators quoted above support this view by starting always with the
smallest unit. It is only when we come to the system of Babylon we are
asked to reverse the process, to admit that the idea of weights began
with corn, the very commodity of all others which, according to all
the instances previously quoted, was the last to be valued by weight,
and which even amongst ourselves at this present moment can hardly be
said to be regarded as an article appraised by weight. But furthermore
if the Assyrians regarded the Talent as their unit, and their lesser
denominations as its subdivisions, why did not the maker of the weight
mentioned above inscribe it as ¾ obol, or by some other term to indicate
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