young English-speaking Indians hardly use it at all except in a few dealings with their elders or for gambling. One sometimes lays away a few strings of it for he knows he cannot squander it at the stores. It is singular how old Indians cling to this currency when they know it will purchase nothing for them at the stores; but then their wants are few, and mostly supplied from the sources of nature, and besides that the money has a certain religious value in their eyes, as being alone worthy to be offered up on the funeral pile of departed friends or famous chiefs of their tribes6.”
Here we see how amongst the Indian tribes there was a fully developed system of inter-relations between the various objects which formed their wealth.
The horse was but a new comer into America, but he had his place soon allotted in the scale of values, being little less valuable than a squaw. We cannot doubt that if the Indian had succeeded in domesticating the buffalo before the advent of the white man, it would have formed the most general unit in use, as we shall find its congeners being employed in all parts of the old world. But before the coming of the Spaniards at least one race of North America had advanced a stage beyond shell money. The Aztecs7 of Mexico were employing a currency of gold and cacao seeds. The former in the shape of dust was placed in goose quills, which formed a natural unit of capacity, for weights were as yet unknown to the Aztecs; whilst the cacao seeds were placed in bags, each containing a specified number.
In Queen Charlotte Islands the dentalium shell was recognized as a medium of exchange by most of the coast tribes, but not so much as a medium of exchange for themselves as for barter with the Indians of the interior. With the Haidas it is still sometimes worn as an ornament though it has disappeared as a medium of exchange. The blanket of the trader has now however supplanted the skin as the principal unit. Not