Alpbeilen from Alp Blattiberg (Lauenen BE), 1786/1815. Front: name of entitled person, reverse: notches for cow rights. For this alp, there are 87 cow rights divided among 23 owners. Alpbeilen from Alp Hinterschneit (Saanen BE), 1778 Alpbeilen from Alp Langenlauenen (Lauenen BE), 1754/1792/1823 Krapfentesseln and reconstructed matching tally ("Beitessel"). The notches indicate cow rights and both pieces (one held by the farmer, the other by the alp corporation) have to correspond for the tally to be valid. Box for beitesseln, 1766 Double tessel from Alp Blümatt (Turtmann VS), 1893 Schaftesseln from Visperterminen VS, before 1913. The marking on the leather ears correspond to marking on the real sheep's ears. Leather schafbeilen from Lourtier (Bagnes VS), before 1916, identity marks for sheep. Schafbeilen from Grindelwald BE, before 1916
https://en.wikipedia.org/wiki/Tally_stick
Frank Maggio
debt-first-5000-years-david- graeber), but I am not at all sure on the copyright status.
https://en.wikipedia.org/wiki/Tally_stick
TALLY STICK MONEY
The tally stick was a unique form of money that seemingly existed on the power of thin air through the fiat principle. They were most prominent in medieval England and also used to a lesser degree in France, Germany and numerous other nations and settlements of ancient times.
Tallies in one form or another have existed from prehistoric times but the most significant use of them was began by King Henry I in England in 1100 AD and were in use for an amazing 726 years. The split tally was accepted as legal proof in medieval courts and the Napoleonic Code of 1804 still makes reference to the tally stick in Article 1333.
The tally sticks owed their prominent financial use to King Henry’s response to a dire economic situation when he assumed the throne. He discovered that the Crusades had siphoned off most of the gold and silver that could be used as money. He found himself in a similar situation to Lincoln before the Civil War. He either had to borrow at excessive interest from the money lenders of the day or improvise with a system of his own.
Just as Lincoln chose to create a fiat money that did not borrow from any lender even so did Henry create a tally system that was backed by no commodity and was interest free. There was a huge difference on how the two financial instruments were used. The greenbacks bought war materials that were either destroyed or of little use after the war. These added little or nothing to the nation’s actual wealth.
On the other hand, many of the tallies were used to finance agriculture, construction and essential trades that helped the people live more abundant lives.
Some critics of fiat money have claimed that the tally stick was not fiat, or even money but merely IOUs that had to be paid off in gold or silver coin.
This presentation is extremely misleading and distorted. First there was very little gold and silver in the kingdom as most of it was shipped out of the country for the Crusades. Many of the tallies were redeemed for commodities instead.
As for whether they were fiat or not – let us examine how they worked and see.
“A tally was a stock about nine inches or so long with each of the four sides about ½ inch wide. On two of the sides, the value of the “tally” was carved into the wood. On the other two sides, the amount was printed in ink.
“The tally was then split in half lengthwise. One half remained in the treasury and the other half was given to soldiers for their pay, to farmers for wheat, to armorers for armor, and to laborers for their labor.
From War Cycles – Peace Cycles by Richard Hoskins, Virginia Publishing (2000)
There were a number of advantages for using the tally sticks.
(1) They could be used like money, but they were interest free.
(2) They were virtually impossible to counterfeit. Each tally had different grains in the wood and different records and notches engraved that appeared on both halves. To be legal you had to match your half with the King’s half.
(3) They did not need any gold or silver to back them but were backed by commodities that did not even exist at the time of issue. These commodities could be future produce, something manufactured or even gold or silver that the person hoped to acquire.
(4) They were basically inflation proof. Unlike money in our current system they could not be produced in unlimited amounts. The number of tallies made would be limited by the estimated production or wealth of the people. Then when the tallies were turned in for taxes or payment during Michaelmas (the harvest time) they no longer existed within the system and new ones had to be created. There could only be an increase in tally sticks if there was a corresponding increase of anticipated production and since each person was responsible for the value of his tally stick there was little desire to inflate its value.
(5) Tally sticks were widely accepted by the people for two reasons. First, tally sticks of some kind have been used for elementary record keeping since civilization began and people trusted them. Secondly, the king insured its equivalency to money by issuing a fiat that they can be used to pay taxes. In addition the various kings used tally sticks for money themselves.
It wasn’t long before the value of tally sticks in circulation far exceeded gold and silver money. Richard Hoskins (cited earlier) estimates that by the end of the seventeenth century the tallies in circulation had a value of about fourteen million pounds yet the coined metals at the time never exceeded a half million pounds in value.
By 1694 the tally sticks evolved into being represented by paper bills and by 1697 they circulated interchangeably as money with banknotes and bankbills.
The amazing thing is that life was a good during the height of the tally system. Contrary to popular belief the people prospered and had to work much fewer hours to make a living than they do today.
Monetary author Ellen Brown makes this interesting observation:
“Modern schoolbooks generally portray the Middle Ages as a time of poverty, backwardness, and economic slavery, from which the people were freed only by the Industrial Revolution; but reliable early historians painted a quite different picture. Thorold Rogers, a nineteenth century Oxford historian, wrote that in the Middle Ages, “a labourer could provide all the necessities for his family for a year by working 14 weeks.” Fourteen weeks is only a quarter of a year! The rest of the time, some men worked for themselves; some studied; some fished. Some helped to build the cathedrals.
Web of Debt by Ellen H. Brown, 2008, Page 60She continues:
“Economic historians like Rogers and Gibbins declare that during the best period of the Middle Ages – say, from the thirteenth to the fifteenth century, inclusive – there was no such grinding and hopeless poverty, no such chronic semi-starvation in any class, as exists to-day among large classes in the great cities . . . . In the Middle Ages there was no class resembling our proletariat, which has no security, no definite place, no certain claim upon any organization or institution in the socio-economic organism. Page 61
The great cathedrals were not only built with mostly unpaid voluntary labor but they were also maintained by volunteers. The people had free time and used it to increase the wealth of the kingdom and took pride in keeping public buildings and works of art in good shape.
They also had free time for learning, which explains why many great universities, libraries and centers of learning were established during that time.
There is an interesting book in the public domain by James J. Walsh called “The Thirteenth, Greatest Of Centuries” detailing how this was actually the most wonderful century in which to live that set the foundations to many of the amenities we value today. This was also the century when the use of the tally stick matured and came into almost universal use and acceptance in England.
The tally stick worked great and everyone was happy except the bankers. They were not getting their cut in interest from the tallies and decided to act as soon as they had the opportunity.
That opportunity came near the end of the seventeenth century after lengthy and costly wars with France and the Netherlands. The tally sticks did a great job of keeping the internal economy functioning, but external wars demanded large expenditures of gold and silver which were accepted outside the country. Goldsmiths were charging 30-80% interest on small loans and what coinage was left was clipped about 50%. The public lost millions of pounds because of goldsmiths going bankrupt.
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Did you know that the fire that destroyed Parliament was caused by the burning of the remaining inventory of tally sticks!!?? Irony!
Frank Maggio
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Pls pardon brvty & typoos ;)
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This is an interesting account of the tally stick in medieval England and life in those days which may have been relatively favourable in comparison with various portrayals.
Wally
Begin forwarded message:
From: François de Siebenthal <siebenthal@gmail.com>Subject: TALLY STICK MONEYDate: September 14, 2014 at 2:57:27 PM MDTTo: alain pilote <alainpilote@hotmail.com>
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Ironically, the alleged modern scientific world is actually awash in orthodoxies of various sorts including of course in economics, history as this post shows and in my opinion in numerous other "hard" sciences like cosmology and physics.
On Sunday, September 14, 2014 8:11:34 PM UTC-7, Wallace Klinck wrote:
On Sunday, September 14, 2014 8:11:34 PM UTC-7, Wallace Klinck wrote:
This is an interesting account of the tally stick in medieval England and life in those days which may have been relatively favourable in comparison with various portrayals.WallyBegin forwarded message:From: François de Siebenthal <siebe...@gmail.com>Subject: TALLY STICK MONEYDate: September 14, 2014 at 2:57:27 PM MDTTo: alain pilote <alain...@hotmail.com>
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Bonjour François,
Extrêmement intéressant !
J'ai trouvé ceci pour l'article 1333 du code napoléon :
"§ III. Of Tallies.
1333.
Tallies correlative to their patterns afford proof
between parties who are in the habit of thus verify,
ing commissions which they make and receive in
retail. "
in http://archive.org/stream/code napoleonorf00spengoog/codenapo leonorf00spengoog_djvu.txt
Selon http://fr.wikipedia.org/wiki/B %C3%A2ton_de_comptage il y aurait un reste dans le code civil actuel, sans référence.
Parler de "fiat money" ne se justifie pas dans ce cas.
C'est au contraire un moyen d'enregistrement sûr et vérifiable (non-répudiation), et on peut contrôler les calculs : ce serait plutôt une "accounting money, backed by unicity technical proof and mathematical logic.".
J'aurais besoin de parler avec toi sous peu !
Tout de bon,
Bernard Dugas
Le 14.09.2014 22:57, François de Siebenthal a écrit :
Extrêmement intéressant !
J'ai trouvé ceci pour l'article 1333 du code napoléon :
"§ III. Of Tallies.
1333.
Tallies correlative to their patterns afford proof
between parties who are in the habit of thus verify,
ing commissions which they make and receive in
retail. "
in http://archive.org/stream/code
Selon http://fr.wikipedia.org/wiki/B
Parler de "fiat money" ne se justifie pas dans ce cas.
C'est au contraire un moyen d'enregistrement sûr et vérifiable (non-répudiation), et on peut contrôler les calculs : ce serait plutôt une "accounting money, backed by unicity technical proof and mathematical logic.".
J'aurais besoin de parler avec toi sous peu !
Tout de bon,
Bernard Dugas
Le 14.09.2014 22:57, François de Siebenthal a écrit :
*TALLY STICK MONEY*tallies <http://www.freeread.com/wp-content/uploads/2011/05/tallies. gif>
TallySticks
<http://www.freeread.com/wp-content/uploads/2011/05/TallySti cks.jpg>
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Le 15.09.2014 09:19, Bernard a écrit :
"↑ Titre III "Des contrats ou des obligations conventionnelles en général", chapitre VI "De la preuve des obligations et de celle du paiement", section 1 "De la preuve littérale", paragraphe 4, dont l'article 1333 est l'article unique. Loi no 2000-230 du 14 mars 2000 article 1, Journal Officiel du 14 mars 2000. Voir le texte intégral du code civil [archive]"
Selon http://fr.wikipedia.org/wiki/BPardon, j'avais mal lu ! Avec la note 11 précise :%C3%A2ton_de_comptage il y aurait un
reste dans le code civil actuel, sans référence.
"↑ Titre III "Des contrats ou des obligations conventionnelles en général", chapitre VI "De la preuve des obligations et de celle du paiement", section 1 "De la preuve littérale", paragraphe 4, dont l'article 1333 est l'article unique. Loi no 2000-230 du 14 mars 2000 article 1, Journal Officiel du 14 mars 2000. Voir le texte intégral du code civil [archive]"
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An interesting book is David Astle’s work The Babylonian Woe, a study of the origin of certain banking practices, published as a private collection in Toronto, Ontario, 1975, h.c., 250 pp. He discusses the tallies among many other things. Astle served as an officer in the Royal Navy during WW II in different theatres. The book is rich in historical detail regarding the evolution of money and banking.
Sincerely
Wally Klinck
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There is also a book by an anthropologist on the nature of debt and obligations throughout human history called "Debt: The First 5000 Years"
by a Dr. David Graeber. The book is available for free here (https://libcom.org/library/
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Begin forwarded message:
From: Wallace Klinck <wmklinck@telus.net>
Date: 15 September 2014 3:11:29 PM
Subject: Fwd: TALLY STICK MONEY
| 25/09/2014 | |||
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Thanks for this reference, John.
The author seems to be approaching the issue surrounding financial debt without really pinning it down. However, he is driven to question the legitimacy of debt and makes a plea for those who are not driven by the so-called “work ethic”. He wonders if we are obligated to pay our debts and speaks favourably of a “Jubilee”. Perhaps he would be a good candidate for Social Credit educational material. Interesting.
Sincerely
Wally