Wampum: A Paper Presented to the Numismatic and Antiquarian Society of PhiladelphiaWoodward, Ashbel
History
Wampum: A Paper Presented to the Numismatic and Antiquarian Society of Philadelphia
Woodward, Ashbel
Indians of North America -- Money; Wampum
But coin grew scarcer in Massachusetts and shell money increased in
value, till in 1640, the authorities were compelled to adopt the
valuation of Connecticut, ordering that the white pass at four and the
"bleuse" at two a penny, "and not above 12_d._ at a time except the
receiver desire more."[40] The public needs soon required another
change, and the legality of shell currency rose to L10.[41] This novel
coinage, thus regulated from time to time, answered well for money
throughout the colonies, till after a while trouble arose from an
unexpected source. The enormous demand at length brought upon the market
beads of stone or unallowed shells, as also many rough, ill-strung
specimens of the genuine article. The disorder was aggravated, because
the Indians, who best understood the qualities of their wampum, would
take only the genuine from the traders, while the refuse was thrown back
into the circulation of the colonies. The commissioners of the United
Colonies being appealed to for a remedy recommended to the separate
governments to suppress this poor "peage" by law. Accordingly in 1648,
the general courte of Connecticut ordered "that no peage, white or
black, be paid or received, but what is strung and in some measure
strung suitably, and not small and great, uncomely and disorderly mixt,
as formerly it hath beene."[42] A similar order was passed in
Massachusetts, where it was further enacted to prepare this Indian money
for ready use, that it be "suitably strung in eight known parcells,
1_d._ 3_s._ 12_d._ 5_s._ in white; 2_d._ 6_s._ 6_d._ and 10_s._ in
blacke."[43] Another favorite length was the fathom, containing 360
beads and current at about 10_s._ Thus during these years shell money
was current throughout New-England, and constituted, doubtless, the best
and most convenient portion of the currency. The government received it
for taxes, the farmer for his produce, the merchant for his wares, and
the laborer for his hire. It formed a frequent item in the inventories
of deceased colonists, being often the only cash mentioned. It even
found its way into the coffers of Harvard college, for we read that the
lease of the wampum trade in Massachusetts was attended with the
obligation to take from the college the wampum which it might have on
hand from time to time.[44] In the forest, likewise, it now circulated
as money, for the Indian was quick to copy the white man's use of his
beads.
Public-domain text, read in full here on John Shaqi.
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