In examining the contents of ancient cemeteries and mounds where all objects of value were to some extent deposited, we find no other relics that could have been conveniently used for such a purpose.

It is not probable that objects subject to rapid decay, such as wood, fruits, and seeds, could ever have come into general use for money, although such objects are employed to some extent by savages in different parts of the world. The unlimited supply or easy manufacture of these objects would be against their use for this purpose, whereas the difficulty of shaping and perforating the flinty substance of shells would prevent such a plentiful production as to destroy the standard of value.

Objects and substances having a fairly uniform value, resulting from their utilitarian attributes, have been employed by primitive peoples as standards of value; as, for instance, cattle, in ancient Rome; salt, in Assyria; tin, in Britain, and cocoa, in Mexico. But such mediums of exchange are local in use. With these articles this function is only accidental. The utilization of shells for money would naturally originate from the trade arising from their use as utensils and ornaments in districts remote from the source of supply. Yielding in the worked state a limited supply, and at the same time filling a constant demand, they formed a natural currency, their universal employment for purposes of ornament giving them a fixed and uniform value. They have undoubtedly been greatly prized by the ancient peoples, but on the part of the open-handed savage they were probably valued more as personal ornaments than as a means of gratifying avaricious propensities.

Lewis H. Morgan, who had access to all the sources of information on the subject, says that "wampum has frequently been called the money of the Indian; but there is no sufficient reason for supposing that they ever made it an exclusive currency, or a currency in any sense, more than silver or other ornaments. All personal ornaments, and most other articles of personal property, passed from hand to hand at a fixed value; but they appear to have had no common standard of value until they found it in our currency. If wampum had been their currency it would have had a settled value, to which all other articles would have been referred. There is no doubt that it came nearer to a currency than any other species of property among them, because its uses were so general, and its transit from hand to hand so easy, that everyone could be said to need it." Yet he admits that "the use of wampum reaches back to a remote period upon this continent"; and further, that it was an original Indian notion which prevailed among the Iriquois as early at least as the formation of the League. He goes on to state that "the primitive wampum of the Iriquois consisted of strings of a small fresh-water spiral shell called in the Seneca dialect Ote ko-á, the name of which has been bestowed upon the modern wampum."[80]

Loskiel says that "before the Europeans came to North America, the Indians used to make strings of wampom chiefly of small pieces of wood of equal size, stained either black or white. Few were made of muscle, which were esteemed very valuable and difficult to make; for, not having proper tools, they spent much time in finishing them, and yet their work had a clumsy appearance."[81]

Hutchinson is of the opinion that "the Indians resident northeastward of the province of New York had originally no knowledge of this sort of money or medium of trade."[82]

The great body of our historical evidence goes to show, however, that a currency of shell was in use among the Atlantic coast tribes when first encountered by the Europeans. Thomas Morton, in speaking of the Indians of New England as far back as 1630, says that "they have a kinde of beads in steede of money to buy withal such things as they want, which they call wampampeak; and it is of two sorts, the one is white and the other is a violet coloure. These are made of the shells of fishe; the white with them is as silver with us, the other as our gould, and for these beads they buy and sell, not only amongst themselves, but even with us. We have used to sell them any of our commodities for this wampampeak, because we know we can have beaver again from them for it: and these beads are current in all parts of New England, from one end of the coast to the other, and although some have endeavoured by example to have the like made, of the same kinde of shels, yet none has ever, as yet, obtained to any perfection in the composure of them, but the Savages have found a great difference to be in the one and the other; and have knowne the counterfett beads from those of their owne making and doe slight them."[83]

According to Roger Williams also, the Indians of New England, as far back as his observations extend, were engaged in the manufacture of shell money as a well-established industry. It seems altogether impossible that such a custom should have been successfully introduced by the English, as the Indian is well known to be averse to anything like labor excepting in his traditional occupations of war and the chase, and if the whites had introduced it, would certainly have looked to them for a supply by means of trade in skins and game rather than apply himself to a new and strange art. Roger Williams says that "they that live upon the Sea side generally make of it, and as many as they will. The Indians bring downe all their sorts of Furs, which they take in the countrey, both to the Indians and to the English for this Indian Money: this Money the English, French and Dutch, trade to the Indians, six hundred miles in severall ports (north and south from New England) for their Furres, and whatsoever they stand in need of from them." Their methods were also aboriginal, another indication that the art was not of European introduction; and Williams states that "before ever they had awle blades from Europe, they made shift to bore their shell money with stones."[84]

That wampum was also manufactured farther south we learn from Lindström, who is writing of the Indians of New Sweden: "Their money is made of shells, white, black, and red, worked into beads, and neatly turned and smoothed; one person, however, cannot make more in a day than the value of six or eight stivers. When these beads are worn out, so that they cannot be strung neatly, and even on one thread, they no longer consider them good. Their way of stringing them is to rub the whole thread full of them on their noses; if they find it slides smooth and even, like glass beads, then they are considered good, otherwise they break and throw them away."[85]

Although Beverly did not write until the beginning of the eighteenth century, his statements are probably based upon accurate information. Speaking of the Virginia Indians, he says that they "had nothing which they reckoned riches before the English went among them, except Peak, Roenoke, and such-like trifles made out of the Cunk Shell. These past with them instead of Gold and Silver, and serv'd them both for Money and Ornament. It was the English alone that taught them first to put a value on their Skins and Furs, and to make a Trade of them."[86]