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
Strabo’s explanation, which seems from his words to have been the current
one in his day, is extremely plausible, and it appears highly probable
that from the first dawn of history the torrent-swept treasures of the
Colchian land were well known to the dwellers in both Asia Minor and
Europe. But this was not the only place in Asia Minor where gold was
found. We shall have occasion again and again to refer to the Electrum of
Sardis, obtained from the sand of the river Pactolus which flowed down
from Mount Tmolus. Scholars are familiar with the account which Herodotus
gives of these gold deposits, but probably the most convenient thing for
our present purpose will be to quote Strabo’s enumeration of the kings
and potentates of antiquity in Asia and Europe who were famous for their
wealth, as he has added in each case the source from which their wealth
was obtained. The current account as given by Callisthenes and others
was, “that the wealth of Tantalus and the Pelopidae was derived from the
mines of Phrygia and Sipylus, whilst the wealth of Cadmus came from the
mines of Thrace and Mount Pangaeum, but that of Priam from the gold-mines
at Astyra in the vicinity of Abydus, of which even now there are still
scanty remnants. But the quantity of earth cast up is vast, and the
diggings are proofs of the ancient mining operations. But the wealth of
Midas came from the mines round Mount Bermion, whilst that of Gyges and
Alyattes and Croesus came from the mines in Lydia. But in the district
between Atarneus and Pergamus there is a deserted city, with places
containing worked-out mines[103].” This passage gives a good picture of
the gold-fields which in ancient days were worked round the shores of the
Aegean.
In the time of Strabo some of them were already worked out and gave but a
scanty yield, for he says, “above the territory of the people of Abydus
lies in the Troad Astyra, which now belongs to the people of Abydus, a
ruined city, but aforetime it was independent, possessing gold-mines,
now affording but a scanty yield, as they are exhausted, just like the
mines on Mount Tmolus in the neighbourhood of the Pactolus.” The latter
district was still productive in the days of Herodotus, who declared
that the land of Lydia had few marvels to chronicle except the gold-dust
that is borne down from Tmolus[104]. Strabo too, elsewhere[105], when
describing the river system of this part of Asia Minor says, “the
Pactolus flows from Tmolus, carrying down that ancient gold-dust from
which they say that the famous wealth of Croesus and of his ancestors
became renowned. But now the gold-dust has failed, as has been stated.”
Public-domain text, read in full here on John Shaqi.
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