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
When occasion arose they cut off a piece of this bent wire (for it was
really nothing more), and gave it by weight. Such a piece was called a
_scillinga_, and is the direct ancestor of our own _shilling_[64]. It
is not unlikely also that the ancient inhabitants of Portugal employed
similar pieces of wire, as Strabo tells us that the Lusitanians have
no money, but that they employ silver wire, from which they cut off a
portion when necessary[65].
We now pass on to Africa, where we shall find most varied systems of
currency. Thus on the West Coast of Africa the _bar_ is the unit. In fact
all merchandise is reckoned by the bar[66], which now at Sierra Leone
means 2_s._ 3_d._ worth of any kind of commodity, although originally
it meant simply an iron bar of fixed dimensions, which formed the chief
article of exchange between the natives and the earliest European
traders. In other parts of the same region axes serve as currency; these
are too small to be really employed as an implement, but are doubtless
the survival of a period not long past when real axes served as money.
Thus we get a complete analogy to the hoe money of the Chinese and the
fish-hook currency of Ceylon and the Maldive Islands. In Calabar they
formerly employed bunches of quadrangular copper-wire as currency. Each
wire was about 12 inches long, and they were of course meant to be made
into necklets and armlets[67].
[Illustration: FIG. 11. Axe Money (West Africa).]
In other parts of the West Coast, as in the Bonny River territory, iron
rings very closely resembling in shape the bronze fibulae found in
Ireland, which probably were armlets, are employed as money. Those which
I have seen seem too small to be used as bracelets, and are now probably
a true money, retaining the old conventional shape (see Fig. 12)[68].
[Illustration: FIG. 12. Old Calabar copper-wire formerly used as money.]
In the region of the Upper Congo brass rods are employed as currency
for articles of small value. This wire, made at Birmingham, about the
thickness of ordinary stair-rod, is sent out in coils of 60 lbs., and is
then cut into pieces of a foot long[69]. Short brass rods and armlets
are also largely exported from Birmingham for the African trade.
[Illustration: FIG. 13.
1. Bronze Irish Fibula found in Co. Cork.
2. Bronze Irish Fibula found in King’s Co.
3. Iron Manilla from W. Africa.
4. Iron Manilla used as money in Bonny River Territory.]
There is no absolute standard length—and thus while 36 inches is the one
most commonly used, the length varies from 32 to 36 inches.
They go out in boxes containing 100, in straight lengths, and soft to
admit of their being wound into armlets, &c.
The diameter of the rod varies from ³⁄₁₆ in. to about ⅜ in.—but a rod
weighing about 24 oz. to 3 ft., and ⅜ in. thick, is the one most often
made.
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