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The numismatic chronicle and journal of the Royal ... - IndianCoins.org

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130 NUMISMATIC CHRONICLE.merchant race who inhabited <strong>the</strong> coasts or isl<strong>and</strong>s <strong>of</strong> <strong>the</strong>Mediterranean. <strong>The</strong>ir descendants may perhaps befound in " <strong>the</strong> twenty-two kings <strong>of</strong> <strong>the</strong> Hatti l<strong>and</strong> whodwelt 20by <strong>the</strong> sea <strong>and</strong> in <strong>the</strong> midst <strong>of</strong> <strong>the</strong> sea."<strong>The</strong> real reason why Egyptian internal economy retaineda system <strong>of</strong> equal exchange long after <strong>the</strong> preciousmetals became <strong>the</strong> dominant form <strong>of</strong> wealth outside itsborders may incidentally be suggested here.Egypt wasa gold <strong>and</strong> copper producing country, <strong>and</strong> <strong>the</strong>se metals,for all internal purposes, would take rank naturally witho<strong>the</strong>r forms <strong>of</strong> produce. Travel was not necessary toacquire wealth in <strong>the</strong>m. Hence no exaggerated ideawould be formed <strong>of</strong> <strong>the</strong>ir value. In addition, sincedealings in <strong>the</strong>m could not be made at a pr<strong>of</strong>it within<strong>the</strong> country, <strong>the</strong>y would be but an unproductive form <strong>of</strong>wealth ; <strong>and</strong>, in <strong>the</strong> earliest days, no desire wouldnaturally arise for <strong>the</strong>ir accumulation.<strong>The</strong> fur<strong>the</strong>r development <strong>of</strong> <strong>the</strong> deben or value intoa measure <strong>of</strong> weight in gold comes at a much later time.<strong>The</strong> use <strong>of</strong> weight was at first but elementary in itsnature, <strong>and</strong> it was employed for <strong>the</strong> precious metals in<strong>the</strong> place <strong>of</strong>, or alongside <strong>of</strong>, <strong>the</strong> customary measures <strong>of</strong>capacity. <strong>The</strong> development <strong>of</strong> its uses cannot, however,be dealt with here.<strong>The</strong> scheme <strong>of</strong> elementary finance may thus be simplystated. <strong>The</strong>re developed early amongst semi-civilizedpeople inhabiting an area <strong>of</strong> country over which communicationswere easy, a system <strong>of</strong> tribute paid to <strong>the</strong>strongest amongst <strong>the</strong>m by <strong>the</strong> various tribes, as a pricefor peaceful occupation, <strong>and</strong> a security for personalproperty. <strong>The</strong> ruler, or his treasurers, would draw up20Hogarth, Authority <strong>and</strong> Archaeology, p. 111.

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