Because of the great scarcity of wampum throughout the territories of the Duke of York, and because there is no coin in circulation which might be substituted for it its reintroduction is to be encouraged. The Governor, by and with the advice of the council declares that, six white and three black wampums instead of eight white and four black one shall be equal to a penny. The wampum is, therefore, three times the value of silver. So that no one may pretend ignorance of this decree, copies are to be sent and promulgated in Albany, Esopus, Delaware, and on Long Island and parts adjacent within eight days. From the New York Secretary's Office, Lib. Minutes Council 1668/1678. 155 f. Certified by Goldsbrow Banyar. Entered before the Commission to settle the boundary between New York and New Jersey 31 July 1769.
Subjects
United States--History--Colonial period, ca. 1600-1775; Jay, John, 1745-1829