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
The rate, however, which obtained by common consent, was four of the
strung and six of the loose beads for a stiver.[52] But in 1641, there
came from foreign parts an inundation of "nasty, rough" sewan, which
drove the better sort out of circulation, "nay," so runs the record,
"threatened the ruin of the country," and legislation was imperatively
demanded. This inferior article was therefore condemned to pass five
for a stiver during the following month, and afterwards six, at which
rate the loose, unstringed wampum, which served the community as change,
subsequently circulated.[53] The importance of wampum during these years
is well illustrated by the fact that the opulent West India Company in
1664, sought to negotiate a loan of five or six thousand guilders in it,
wherewith to pay the laboring people, the obligation to be satisfied
with _good negroes_ or other goods.[54] The Dutch succumbed to superior
force, but wampum still held its own. It continued to be the chief
currency not only in New York, but in the many settlements to the west
and south, which were then under the control of the authorities at New
York. In 1672, the inhabitants of Hoanskill and New Castle on the
Delaware, having been plundered by Dutch privateers were permitted by
the government at New York to lay an impost of four guilders, in wampum,
upon each anker of strong rum imported or sold there.[55] A guilder,
which was about six pence currency or four pence sterling, consisted of
twenty stivers, and eight beads were reckoned equal to one stiver. As
heretofore there was little or no certain coin in circulation and wampum
passed for current payment in all cases. Indeed the country was so
drained of even this currency by the Indian trade, that there was
difficulty in obtaining a sufficiency. To remedy this state of affairs,
the governor and council of New York were in 1673 constrained to issue
their proclamation which was published at Albany, Esopus, Delaware, Long
Island and the adjacent parts, commanding that "instead of eight white
and four black (beads), six white and three black should pass for a
stiver; and three times so much the value of silver."[56]
The contributions in the churches were for many years made in wampum,
and the first church on the Jersey shore was built with funds
contributed in this way from Sabbath to Sabbath. As late as 1683, "the
schoolmaster in Flatbush was paid his salary in wheat, wampum value: He
was bound to provide a basin of water for the purpose of baptism, for
which he received from the parents or sponsors twelve stivers in
wampum."[57] Nor ten years later had the money of the aborigines become
wholly supplanted by gold and silver, for we learn that "in 1693, the
ferriage of each single person from New York to Brooklyn was eight
stivers in wampum, or a silver two-pence."[58] Further than this we are
unable to trace, though we have good reason to believe that it
circulated, to a limited extent, for some time thereafter.
Public-domain text, read in full here on John Shaqi.
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