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
Advancing westward we find the Ossetes of the Caucasus at the present
moment employ the cow as their unit of value, the prices of all
commodities being stated as one, two, three or four cows, or even at
one-tenth or one-hundredth of the value of a cow. The ox is worth two
cows, and the cow is worth ten sheep. This people regulate compensation
for wounds thus: they measure the length of the wound in barley corns,
and for every barley corn which it measures a cow has to be paid[46].
We can have little doubt that over all Hither Asia the same method of
employing the cow as the principal unit of value obtained. It is that
which we found among the Greeks of the Homeric Poems, who were in full
contact with Northern Asia Minor, and was almost certainly that of the
Semites who dwelt in the South. Just as we find the buffalo, and the
pots, bronze platters, arrows, lances and hoes standing side by side in
well defined mutual relation among the Bahnars of Cochin China, so we
find in Homer that whilst the cow is the principal unit, the slave is
employed as an occasional higher unit, and the kettle (_lebes_), the
pot (_tripous_), the axe and the half axe, hides, raw copper and pig
iron stand beside the cow as multiples or sub-multiples. When Ajax and
Idomeneus make a bet on the issue of the chariot race, the proposed wager
is a pot or a kettle[47], whilst from another passage we learn that the
usual prizes given at the funeral games of a chieftain were female slaves
and pots (Tripods).
Passing from Greece into Italy we have no difficulty in proving that the
cow was the regular unit of value in that peninsula and the adjacent
island of Sicily. Down to 451 B.C. all fines at Rome were paid in cows
and sheep. By the Tarpeian Law these were commuted for payments in
copper, each cow being set at 100 asses, each sheep at 10 asses. As I
shall deal with the whole question of the Roman As at considerable length
later on I shall here simply note that the Italian tribes had evidently
the same system of adjusting the relations between their cattle and sheep
and their metals which we found among the Persians and modern Ossetes. In
Sicily it is clear that the cow had played the same part as elsewhere,
for we learn from Aristotle[48] that when the tyrant Dionysius burdened
the Syracusans by excessive taxation, they ceased in a great degree to
keep cattle, inasmuch as the unit of assessment was the cow. If then in
the 4th century B.C. at Syracuse, the most advanced community in Sicily,
the cow still continued to be the unit of assessment, _à fortiori_, at an
earlier period that animal must have been the monetary unit of the whole
island.
Public-domain text, read in full here on John Shaqi.
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