From Lawson, who wrote in 1714, but whose statements deserve consideration, we also learn that the money of the Carolina Indians is "all made of shells which are found on the coast of Carolina, which are very large and hard so that they are very difficult to cut. Some English smiths have tried to drill this sort of shell-money, and thereby thought to get an advantage; but it proved so hard that nothing could be gained."[87]

Speaking of its use and value in New York, he remarks that "an Englishman could not afford to make so much of this wampum for five or ten times the value; for it is made out of a vast great shell, of which that country affords plenty; where it is ground smaller than the small end of a tobacco pipe, or a large wheat straw." * * * "This the Indians grind on stones and other things until they make it current, but the drilling is the most difficult to the Englishman, which the Indians manage with a nail stuck in a cane or reed. Thus they roll it continually on their thighs with their right hand, holding the bit of shell with their left; so, in time, they drill a hole quite through it which is a very tedious work; but especially in making their ronoak, four of which will scarce make one length of wampum. The Indians are a people that never value their time, so that they can afford to make them, and never need to fear the English will take the trade out of their hands. This is the money with which you may buy skins, furs, slaves, or anything the Indians have; it being their mammon (as our money is to us) that entices and persuades them to do anything, and part with everything they possess, except their children for slaves. As for their wives, they are often sold and their daughters violated for it. With this they buy off murders; and whatsoever a man can do that is ill, this wampum will quit him of and make him, in their opinion, good and virtuous, though never so black before."[88]

Adair confirms the statements made by these writers, and adds emphasis to the fact that the shell beads had, among the Cherokees and other southern Indians, a fixed value as currency. "With these they bought and sold at a stated current rate, without the least variation for circumstances either of time or place; and now they will hear nothing patiently of loss or gain, or allow us to heighten the price of our goods, be our reasons ever so strong, or though the exigencies and changes of time may require it."[89]

We find plentiful evidence in the stories of the early Spanish adventurers that beads made from sea shells were held in high esteem by the Indians of the south, but, so far as I am aware, there is no statement indicating that they formed a well-regulated medium of exchange.

In regard to the manufacture of wampum by the whites, the following quotations will be instructive:

"Many people at Albany make the wampum of the Indians, which is their ornament and their money, by grinding some kinds of shells and muscles; this is a considerable profit to the inhabitants."[90]

"Besides the Europeans, many of the native Indians come annually down to the sea shore, in order to catch clams, proceeding with them afterwards in the manner I have just described. The shells of these clams are used by the Indians as money, and make what they call their wampum: they likewise serve their women as an ornament, when they intend to appear in full dress. These wampums are properly made of the purple parts of the shells, which the Indians value more than the white parts. A traveller, who goes to trade with the Indians, and is well stocked with them, may become a considerable gainer; but if he take gold coin, or bullion, he will undoubtedly be a loser; for the Indians, who live farther up the country, put little or no value upon these metals which we reckon so precious, as I have frequently observed in the course of my travels. The Indians formerly made their own wampums, though not without a deal of trouble: but at present the Europeans employ themselves that way; especially the inhabitants of Albany, who get a considerable profit by it. In the sequel I intend to relate the manner of making wampum."[91]

"The article was highly prized as an ornament, and as such constituted an article of trafic between the sea-coast and the interior tribes. * * *

"The old wampum was made by hand, and was an exceedingly rude article. After the discovery, the Dutch introduced the lathe in its manufacture, polished and perforated it with exactness, and soon had the monopoly of the trade. The principal place of its manufacture was at Hackensak, in New Jersey. The principal deposit of sea shells was Long Island, where the extensive shell banks left by the Indians, on which it is difficult to find a whole shell, show the immense quantities that were manufactured."[92]

The name wampum is often applied to shell beads indiscriminately, but frequently has a more restricted significance, referring to the small cylindrical varieties used in strings and belts. It was known first in New England as wampumpeag, wampompeage, peag, wompam and wampum; the Dutch of New Sweden knew it as seawan, sewant, and seawant, while on the Virginia coast, it was called peak, a roughly made discoidal variety being known as ronoak or roenoke, and heavy flattish beads pierced edgeways were called runtees. It is probable that all of these names are American in origin, although there is some difference of opinion as to their derivation. Loskiel says that wampom is an Iroquois word meaning muscle, but according to Morgan, who is probably the best modern authority on this subject, the word wampum is not Iroquois in origin but Algonkin, as it was first known in New England as wampumpeage.