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
a comparatively early period that native form?
The same argument may be urged in reference to the silver. The Irish
form is _airgid_, according to some a loan-word, being simply the Latin
_argentum_. We have already seen that it is not possible that the Kelts,
in constant contact with the Iberians who were so rich in silver, could
have remained in ignorance of that metal. The Gaulish form of the name
for silver was plainly in Roman times almost the same as the Latin, as is
shown by _Argentoratum_, the ancient name of Strasburg. It is plain then
that before the Roman Conquest the Gauls had a town called by the name
for _silver_, whilst the Irish form has no nasal, the Gaulish coincides
completely with the Latin. Is it not possible, that in this case too a
native Keltic name, a close cognate of Latin _argentum_, whose lineal
descendant is seen in the Irish form, may have been assimilated to the
Latin form? But there is plenty of evidence from other quarters to show
that the mere existence of a foreign name for a particular object in
any language is no proof that the object in question came into use for
the first time along with the borrowing of the name. When the Franks
conquered that portion of the Roman empire to which they gave their name,
they must have had Teutonic words of their own for _silver_ and _gold_,
closely related to our own forms of the words. Yet whilst many Teutonic
words lingered and became absorbed into what became in process of time
the French language, their names for the metals disappeared and the Latin
derivatives remained in possession.
Again, we get another instance of such borrowing in the case of our
own _penny_, old English _pendinga_, _penning_, German _Pfennig_. The
philologists seem agreed in recognizing this as a loan-word from the
Latin _pecunia_. Yet money was familiar to the northern peoples long
before they ever came into contact with even the advanced posts of the
Empire. The use of rings and spirals of gold as a form of currency in
Scandinavia is well known; our word _shilling_ seems to mean no more
than portions of such a coil of gold or silver wire cut off, to be used
as small change. But as the first coined money with which they became
familiar was the currency of Rome, they seem to have taken the generic
Roman name for money as their own expression for the Roman silver coins
with which they became familiar, just as the Latin _aurum_ under the form
of _aura_ (_eyrir_) became in old Norse the general term for coined money
or treasure in money.
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