Page:Origin of metallic currency and weight standards.djvu/32

 "Some of the young bloods array their Dulcineas for the dance with lavish adornments, hanging on their dress 30, 40 or 50 dollars worth of dimes, quarter dollars and half dollars arranged in strings." This shows that the new currency of silver is treated by them in exactly the same way as the old shell strings, both of them deriving their value as media of exchange from the fact that they are the objects most universally prized as ornaments for the person.

Elsewhere the same writer observes: "Immense quantities of it (shell money) were formerly in circulation among the Californian Indians, and the manufacture of it was large and constant to replace the continual wastage caused by the sacrifice of so much on the death of wealthy men, and by the propitiatory sacrifices performed by many tribes, especially those of the coast range. From my own observations, which have not been limited, and from the statements of pioneers and of the Indians themselves, I hesitate little to express the belief that every Indian in the state in early days possessed an average of at least 100 dollars worth of shell money. This would represent the value of almost two women (though the Nishinam never actually bought their wives), or two grizzly bear skins, or 25 cinnamon bear skins or about three average ponies. The young English-speaking Indians hardly use it at all except in a few dealings with their elders or for gambling. One sometimes lays away a few strings of it for he knows he cannot squander it at the stores. It is singular how old Indians cling to this currency when they know it will purchase nothing for them at the stores; but then their wants are few, and mostly supplied from the sources of nature, and besides that the money has a certain religious value in their eyes, as being alone worthy to be offered up on the funeral pile of departed friends or famous chiefs of their tribes ."

Here we see how amongst the Indian tribes there was a fully developed system of inter-relations between the various objects which formed their wealth.

The horse was but a new comer into America, but he had his place soon allotted in the scale of values, being little less