The Arizona sentinel., 1885-09-19
The History of Money.

The Mining Record condenses from Alex. Del Mars new book the fnllnwing:
 1 Until the unity of Europe was accomplished under Julius Cesar, gold was never permanently used for money. The attempts to so employ it in China. India, Persia (under Dariu-), Lydia and Greece (under Altxander) all failed. IThere Was no common internation- al fund of gold. E E'chnation pro- cured what it could for itself. eith- CT from its own mines. or bya means of conquest. both Of them uncertain and varying sources of Ieupply. Hence the value of gold fluciaated enormously, a circum- stance that united it for money. Silver. though less uncertain Of supply, was subject to the same defect. Moreover, but few nations p.,sspssed silver mines. Among these were China. India, Egypt. Greece and Carthage. Copper, though more certain of supply than either gold or silver, was open to similar objection. Un- der such circumstances the an
 clients had recourse to monetary systems in which the value of each piece, stamped by public Iauthority and protected from ]oyer.issues and counterfeiting. was regulated by the whole num- ber of pieces issued and made legal tender for debts, taxes. fines and awards. These were called mumerary moneys, from nomos the Greek wOid for numher. Pa> per was invented in China BIG '1s7 and the first pspes money iS>
 pi B. c. l40- The ari 0icnIniHg uJ cistiog met~liic moneys w"-
 ac5isel iu CIjH. ceftaia'S .a
 gar ,sn,i s.ru.es.iy iH;iehe es -'Ier. In luais the s.iIquiiy of .o.ret money is pr0hmt3y stil! greater It is frequently mentioned in the Code Of Mauu. the Vedic scrip lures, etc. The claims to lis ins venti0n in Lydia are over whelmingly refuted. The Indian arch aic silver coins are from 1 ,0OO io 5000 years older than any coins of Lydia or Argos.
 In China, the earliest known
 moneys were metallic, of the CT" B. c. 2347. These were superced- ed B. c. 21l9. by porcelain tablets :; with characters moulded upon ihem. Cnins of the reign Of Sung,
 B. C. 2257, are still extant. The
 fist piper (pastehoard) moneys date B. c. i40 The first coins
 bearing the name of an emp 'ror,
 date A. D. 465. Paper certificate: j, representing coins depOsited IT
 the treasury Were iiied in A. D
 SOY, but the system failed after
 brief triil. A similar system wa'
 tried In A. D. 96O. and this lasted fnr about 60 years. In the eleventh jcentury iron coins were tried These were afterwards represent
 ed by paper notes. In l13l, d new
 paper system was inaugurated s This grew to extensive Dr0por
 tions. In 1l67, over 43,60O OOt
 taeIs were in circulation. In l23S
 d silk-fbre paper money was is
 sued. In 126O-63, occurred the
 First Mongol piper issue. Be. tween l264 and l290, occurred tht Second MongOl issue. This ros' !, to 25O, ,O00, GOO "taels" each of 10O( "cash." These are the notes de 1t scribed by Marco Polo. Owing ,C il nofixed limit being observed d $ to their enlissiin, these notes uiti B. m 4tefy fell Tn. value. In l3O9- I3 IS occurred the Third Mhngol issue a Like the second series with re al spect to the first. the third wa l. exchanged for the secund at th' is r.te of 5 for 1. Ion Buuta and Si a John M ,ndeville, both describ' 'e this issue. In 1877, occurred th' '' First Mining'issue. One of thes' y notes, still extait, was recent! n sold tor s2e sterling. This issu m m like it's predecessor-became de .. preciated from over emissions an'