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
If then it can be proved that throughout the area in which those weight
standards arose from which all the known systems of the ancient,
mediaeval, and modern world were derived, the same gold-unit is found
everywhere, and that wherever evidence is to hand, this unit is regarded
as equal in value to a cow or ox, the truth of our hypothesis will have
been demonstrated. For it would be impossible that such an occurrence
should be a mere coincidence if found repeated in different areas.
Furthermore, if it can be shown that in cases at a comparatively late
historical period peoples who were borrowing a ready-made metallic system
from more civilized neighbours, have found it impossible to do so without
adjusting or equating such metallic standard to their own unit of barter,
we may infer _a fortiori_ that it would have been impossible for any
people to have framed a metallic unit for the first time for themselves
without any reference to the unit of barter. But as we have already
proved that the unit of barter is in every case earlier in existence than
even the very knowledge of the precious metals, it follows irresistibly
that the metallic unit is based on the unit of barter. We have also
given reasons for believing that gold was the first of the metals known
to primitive man, but as yet we have not proved that the metals are the
first objects to be weighed. If this can be proved, and if furthermore
it can be proved that before silver or copper or iron were yet weighed,
gold has been weighed by that standard, which we find universal in later
times, we have still more closely narrowed down our argument and put it
beyond all reasonable doubt that weighing was first invented for traffic
in gold, and since the weight-unit of gold is found regularly to be the
value of a cow or ox, the conclusion must follow that the unit of weight
is ultimately derived from the value in gold of a cow.
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