Let us now take a general survey of the results of our observations. First of all it is apparent that the doctrine of a primal convention with regard to the use of any one particular article as a medium of exchange is just as false as the old belief in an original convention at the first beginning of Language or Law. Every medium of exchange either has an actual marketable value, or represents something which either has or formerly had such a value, just as a five-pound note represents five sovereigns, and the piece of stamped walrus skin formerly employed by Russians in Alaska in paying the native trappers represented roubles or blankets[79].
To employ once more the language of geology, we have found evidence pointing to certain general laws of stratification. In Further Asia we have found a section which presents us with an almost complete series of strata, whilst in other places where we have been only able to observe two or three layers, we have nevertheless found that certain strata are invariably found superimposed upon others, just as regularly as the coal seams are found lying over the carboniferous limestone. As soon as the primitive savage has conceived the idea of obtaining some article which he desires but does not possess by giving in exchange to its owner something which the latter desires, the principle of money has been conceived. Shells or necklaces of shells are found everywhere to be employed in the earliest stages. When some men began to make weapons of superior material, as for instance axes of jade instead of common stone, such weapons naturally soon became media of exchange; when the ox and the sheep, the swine and the goat are tamed, large additions are made to the circulating media of the more advanced communities; then come the metals; the older ornaments of shells and implements of stone are replaced by those of gold (and much later by silver) and by weapons of bronze as in Asia and Europe, and by those of iron in Africa. Copper and iron circulate either in the form of implements and weapons, such as the axes of West Africa, the hoes of the early Chinese and modern Bahnars, and the ancient Chinese knives, all of which remind us of the axes and half-axes in Homer; or in the form of rings and bracelets, like the manillas of West Africa and the ancient Irish fibulae; or else in the form of plates or bars of metal, ready to be employed for the manufacture of such articles, as we saw in the case of the iron bars of Laos, the iron discs of the Madis, and the brass rods of the Congo. Again we are reminded of the mass of pig-iron, which Achilles offered as a prize[80].
It is of the highest importance to observe that such pieces of copper and iron are not weighed, but are appraised by measurement. We shall find that it is only at a period long subsequent to the weighing of gold that the inferior metals are estimated by weight. The custom of capturing wives which prevails among the lowest savages is succeeded by the custom of purchasing wives. The woman is only a chattel on the same footing as the cow or the sheep, and she is accordingly appraised in terms of the ordinary media of exchange employed in her community, whether it be in cows, horses, beads, skins or blankets. Presently male captives are found useful both to tend flocks and, as in the East and in the modern Soudan, to guard the harem. With the discovery of gold, ornaments made at first out of the rough nuggets supersede other ornaments, and presently either such ornaments or portions of gold in plates or lumps are added to the list of media, and the same follows with the discovery of silver. Such ornaments or pieces of gold and silver are estimated in terms of cattle, and the standard unit of the bars or ingots naturally is adjusted to the unit by which it is appraised. Thus we found the Homeric talent, the silver bar of Annam, the Irish unga all equated to the cow, and the Welsh libra, Anglo-Saxon libra, similarly equated to the slave. With the discovery of the art of weaving, cloths of a definite size everywhere become a medium, as the silk cloth of ancient China, the woollen cloths of the old Norsemen, the toukkiyeh of the Soudan, and the blanket of North America. This fact once more recalls Homer and makes us believe that the robes and blankets and coverlets which Priam brought along with the talents of gold to be the ransom of Hector’s body all had a definite place in the Homeric monetary system[81].
We have seen the Siamese piece of twisted silver wire passing into a coin of European style, and we shall find that the Chinese bronze knife has finally ended by becoming a cash, just as we have already found the Homeric talent of gold appearing, in weight at least, as the gold stater of historical times. Thus in every point the analogy between what we find in the Homeric Poems and in modern barbarous communities seems complete. We may therefore with some confidence assume that we are at liberty to fill up the gaps in the strata of Greek monetary history which lie between Homer and the beginning of coined money on the analogy of the corresponding strata in other regions. This assumption, resting on a broad basis of induction and confirmed, as we shall see, by a good deal of evidence special to Greece and Italy, will be found to explain the origin, not only of weight standards in those countries, but also of the Greek obol and Roman as, as well as of the types on the oldest coins, such as the cow’s head of Samos, the tunny fish of Olbia and Cyzicus, the axe of Tenedos, the tortoise of Aegina, the shield of Boeotia, and the silphium of Cyrene.
Let us now turn to the races who both in modern and in ancient times have dwelt around the basin of the Mediterranean and Black Sea, whether in Asia Minor, Central Asia, Europe or Africa. In what did their wealth consist? When we first meet in history the various branches of the Aryan, Semitic, and Hamitic races, they are all alike possessed of flocks and herds. To deal first with the Aryans; we have already had ample evidence that such was the case with the early Greeks. The ox plays a foremost part, and they likewise possessed sheep, goats and swine, whilst slaves formed also an important commodity. Further east again, in the Zend-Avesta the cow is found playing the principal part in every phase of the primitive life there unfolded, both as the chief article of value and in reference to their religious ceremonies. Still further to the east we find from the Rig-Veda that among the ancient Hindus the same important rôle was assigned to the cow. Turning now to Mesopotamia we find that in the time of Abraham the keeping of herds and flocks was the chief pursuit of the Semites. Passing on to Egypt, the hoary mother of civilization, we find evidence that although “every shepherd was an abomination to the Egyptians,” yet the worship of their great divinity Apis (Hapi) under the form of a bull and the worship of the sacred ram indicate that at a period preceding the invasion of the Hyksos the Egyptians regarded the ox and the sheep with love and veneration. Whether the Egyptians came from Asia into the valley of the Nile, or whether they came from some region of Africa more to the south, one thing at least is certain, and that is that in either case they came from a country eminently fitted for the rearing and keeping of cattle. The functions of the ox became limited under altered conditions, and their ancient esteem for the cow as one of their chief means of subsistence survived only in religious observances. So too in modern India the reverence for the sacred cow amongst a people who regard as an abomination the eating of beef is a survival from the time when in a more northern clime cattle formed the principal wealth of their forefathers.
In the Soudan, as we have seen to this day, slaves and oxen are the chief kinds of property. Crossing back to Europe we find the Italian tribes represented in the earliest records as a cattle-keeping people. The story of their invasion of Italy took the form of their driving before them a steer and following obediently to whatever new home it might lead them[82].
The same holds of the more northern peoples. When the Gauls entered the plains of Northern Italy they drove before them vast herds of cattle. Caesar found the Britons keeping large numbers of cattle, and especially those in the interior of the island subsisting almost entirely on their produce[83]. Strabo writing about A.D. 1, mentions hides as among the articles exported from Britain to the Continent[84].
The linguistic argument fully supports the literary evidence. All the Aryan or Indo-European peoples possess a common name for the cow. The Sanskrit gaus, Greek βοῦς, Lat. bos, Irish bo, German kuh, Eng. cow, taken together indicate that before the dispersion of the various stocks (whether the original home of the Aryans was in Northern Europe, as Latham first suggested, or in the Hindu Kush, as Prof. Max Müller maintains) they all possessed the cow. This is further supported by the name for the bull which is found amongst various stocks, the Greek ταῦρος, Lat. taurus, Irish tarb, and the name of the ox, which corresponds to the Sanskrit uksha, and finally the name of steer[85]. Here then we have undoubted evidence of the universal possession of cattle by the Aryans at a very early period.
Archaeology lends its support likewise. We have already found in the case of the Greeks the cow used as a unit of currency side by side with gold. This leads us to the question of the precious metals, which in course of time have come to be almost the sole medium of exchange. In the case of the Greeks we saw reason to believe that the barter-unit was older than the metallic. Is this the case universally? The evidence, I think, which I shall adduce will lead us to this belief.
First of all it is certain that man must have been acquainted with the ox long before he ever gathered a grain of gold from the brook. When primaeval man first stood on the plains of Europe and Asia vast herds of wild cattle met his eye on every side. The process of domestication was long and slow, but yet in all the ancient refuse heaps of Scandinavia and Germany, whilst the remains of the ox are found in plenty there is yet no trace of gold.