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
It is of the highest importance to observe that such pieces of copper and
iron are not weighed, but are appraised by measurement. We shall find
that it is only at a period long subsequent to the weighing of gold that
the inferior metals are estimated by weight. The custom of capturing
wives which prevails among the lowest savages is succeeded by the custom
of purchasing wives. The woman is only a chattel on the same footing as
the cow or the sheep, and she is accordingly appraised in terms of the
ordinary media of exchange employed in her community, whether it be in
cows, horses, beads, skins or blankets. Presently male captives are
found useful both to tend flocks and, as in the East and in the modern
Soudan, to guard the harem. With the discovery of gold, ornaments made at
first out of the rough nuggets supersede other ornaments, and presently
either such ornaments or portions of gold in plates or lumps are added
to the list of media, and the same follows with the discovery of silver.
Such ornaments or pieces of gold and silver are estimated in terms of
cattle, and the standard unit of the bars or ingots naturally is adjusted
to the unit by which it is appraised. Thus we found the Homeric talent,
the silver bar of Annam, the Irish _unga_ all equated to the cow, and the
Welsh _libra_, Anglo-Saxon _libra_, similarly equated to the slave. With
the discovery of the art of weaving, cloths of a definite size everywhere
become a medium, as the silk cloth of ancient China, the woollen cloths
of the old Norsemen, the _toukkiyeh_ of the Soudan, and the blanket of
North America. This fact once more recalls Homer and makes us believe
that the robes and blankets and coverlets which Priam brought along with
the talents of gold to be the ransom of Hector’s body all had a definite
place in the Homeric monetary system[81].
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