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
Pausanias[266], writing about 174 A.D. says that the Pisaeans in the
eight Olympiad (747 B.C.) brought to their aid Pheidon of Argos, who of
all despots in Hellas waxed most insolent, and that along with him they
celebrated the festival. But now comes the testimony of Herodotus[267],
who was writing circ. 440 B.C., and who tells us (VI. 127) that when
Cleisthenes the despot of Sicyon held the _svayamvara_ for his daughter
Agariste; amongst the suitors who came from all parts of Hellas, was
“Leocedes, son of Pheidon, the despot of the Argives, Pheidon, who
had made their measures for the Peloponnesians, and had of all Greeks
waxed to the greatest pitch of violence, he who expelled the Elean
presidents of the games and himself held the festival.” There cannot be
the slightest doubt that both Pausanias and Herodotus refer to the same
tyrant, but the dates are irreconcileable. As Cleisthenes, the Athenian
law-giver, was the son of Agariste, her wooing cannot have been much
earlier than 560 B.C., and consequently Pheidon must have reigned at
Argos shortly before 600 B.C.
Weissenborn (followed by Ernst Curtius) has sought to cut the Gordian
knot by emending the text of Pausanias, thus reading 28th instead of
8th Olympiad, which would make Pheidon help the Pisaeans in the year
668 B.C. But even this drastic remedy is hardly sufficient to meet the
requirements of the statement of Herodotus.
Our earliest authority for the tradition that Pheidon coined at Aegina
is a passage of Ephorus preserved by Strabo (VIII. 376)[268]: “Ephorus
says that in Aegina silver was first struck by Pheidon; for it had become
an emporium, inasmuch as its population, owing to the barrenness of
the land, engaged in maritime trade; whence trumpery goods are called
Aeginean ware.” According to another passage of Strabo, which may be
likewise from Ephorus, as it comes at the end of a long statement,
the first part of which Strabo expressly declares is taken from that
writer: (“They say) that Pheidon of Argos, who was tenth in descent from
Temenus, and who surpassed his contemporaries in his power, whence he
recovered the whole of the inheritance of Temenus, which had been rent
into several parts, and that he invented the measures which are called
Pheidonian and weights and stamped currency, both the other kind and that
of silver.” It must be carefully observed that this is the only ancient
passage which says a word about the invention of _weights_ by Pheidon. If
this statement can be taken as trustworthy we might very well conclude
that Pheidon was the person who introduced the decimal principle and
made 10 silver pieces instead of 15 equivalent to the gold stater. If
however this is an addition of Strabo[269], who wrote about A.D. 1-21,
and whose account of Greece Proper is the most defective portion of his
great work, we cannot let this passage weigh against that already given
from Herodotus, who is perfectly silent as regards the invention of
_weights_.
Public-domain text, read in full here on John Shaqi.
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