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The Stone Money of Yap - Smithsonian Institution

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Foreign Interpretation <strong>of</strong> Value<br />

When foreigners became involved in exchanges <strong>of</strong><br />

rai with the <strong>Yap</strong>ese, size became a dominant feature<br />

<strong>of</strong> valuation and questions <strong>of</strong> equivalence developed.<br />

Precedent for the exchange and thus the evaluation<br />

that had formerly been established suddenly had no<br />

bearing on the situation, for one <strong>of</strong> the parties had no<br />

knowledge or concern for the customary but unspoken<br />

tradition.<br />

Captain Tetens, one <strong>of</strong> the earliest observers, did<br />

not place a definite trading price on the stones.<br />

Writing in the 1860s, he injected a qualifying note<br />

by saying that the stones were considered to be <strong>of</strong><br />

"great value." 145<br />

Kubary must have searched for a set limit by<br />

which to define the value <strong>of</strong> the stone. It appears<br />

that he was concerned with a translation <strong>of</strong> <strong>Yap</strong>ese<br />

value into one that could be comprehended by the<br />

European. What he saw and learned had to be<br />

understood by the Godeffroy family and the cosmopolitan<br />

readers <strong>of</strong> their museum publications.<br />

During his first visit he stated that the stones were<br />

<strong>of</strong> "high value." 146 Later in 1889 he said, "even<br />

after O'Keefe the value <strong>of</strong> a stone measuring three<br />

hand spans remained constant, that is a stone that<br />

size was worth one pig." 147 In the next century this<br />

valuation remained the accepted foreign rate.<br />

Kubary further observed that a six foot [1.8 m]<br />

piece might be valued at one common big canoe<br />

or Palau necklace. Later in his paper, when discussing<br />

<strong>Yap</strong>ese loan interest rates, he qualified his statements<br />

by observing that values in all exchanges depend upon<br />

who is the lender and who is the borrower. 148 He<br />

was not the first to note this phenomenon, for<br />

Kotzebue in 1821 commented on marriage presents:<br />

"<strong>The</strong> value <strong>of</strong> the gift is according to the rank <strong>of</strong> the<br />

father <strong>of</strong> the bride." 149<br />

O'Keefe introduced the wholesale trade in transporting<br />

rai, which he rendered in exchange for<br />

marketable goods, such as copra and beche-de-mer.<br />

He was not "buying" or "selling" with the stones.<br />

He only retained them until they were collected by<br />

their owners and he was paid for his service in copra.<br />

<strong>The</strong> value placed on stone money pieces by the<br />

foreigners is the only indication we have today <strong>of</strong> the<br />

13<br />

foreign "rate <strong>of</strong> exchange" <strong>of</strong> these items. Sliding<br />

scales <strong>of</strong> local value have been discussed in the previous<br />

chapter. It is interesting to look at the foreign values<br />

placed on rai over the years.<br />

In 1877, Captain Ravnkilde gave to the Danish<br />

National Museum a piece <strong>of</strong> stone money 29 by 24<br />

centimeters. At that time the estimated value placed<br />

on the piece was ten Danish crowns. 150 One year later,<br />

Miklucho-Maclay, the Russian traveler who visited<br />

<strong>Yap</strong>, wrote that "many <strong>of</strong> the stone pieces have a<br />

value <strong>of</strong> many hundred dollars." 151 <strong>The</strong> Museum fur<br />

Volkerkunde at Frankfurt, Germany, has a piece that<br />

was collected by August Mockel, who visited <strong>Yap</strong><br />

between 1879 and 1883. He commented:<br />

<strong>The</strong> <strong>Yap</strong>ese Islanders fetch the stone from Conore and<br />

woik it into discs <strong>of</strong> different size. <strong>The</strong>se are then taken to <strong>Yap</strong><br />

by raft and the big ones <strong>of</strong> high value are put up at the houses<br />

<strong>of</strong> their possessors. <strong>The</strong> stone in question, 28 cm. in diameter,<br />

represents a value <strong>of</strong> about 40 mark. <strong>The</strong> stone is aragonite.<br />

In Palau-language it is called palony. 152<br />

Not all visitors, <strong>of</strong> course, placed a European value<br />

on rai. Carl Edward Meinicke, who published his<br />

Die Inseln des Stillen Oceans in 1876, only described<br />

them. 153 In 1885 Don Emilio Butron y de la Serna<br />

merely remarked that "money satisfies the king his<br />

tribute." lo4 Christian was concerned with the "great<br />

price" paid for the mispil by the men <strong>of</strong> the/az/u. 155<br />

Consul Hernsheim wrote in the 1880s that a small<br />

stone might purchase a family's food for one month. 156<br />

In 1897, when making a gift <strong>of</strong> a stone measuring<br />

38 centimeters to the Museum fur Volkerkunde in<br />

Berlin, he equated its value to that <strong>of</strong> "a piece <strong>of</strong><br />

shell money <strong>of</strong> the value <strong>of</strong> DM10 [ten Deutsche<br />

mark]." 157<br />

A piece measuring 24 centimeters was given to<br />

the Rijksmuseum voor Volkenkunde, Leiden, in 1896<br />

by Mr. P.K.A. Meerkamp van Embden, Consul <strong>of</strong><br />

the Netherlands in Manila. Remarks made at that<br />

time, perhaps by Mr. Meerkamp, in relation to the<br />

payment for the piece equate the value as that "<strong>of</strong><br />

a sack <strong>of</strong> copra equalling an amount <strong>of</strong> ca. D.F1. 1,50<br />

[about one and one half Dutch florin]." 158<br />

In 1903 Senfft spoke <strong>of</strong> rai in relation to burial<br />

rites. "Gifts represent the value <strong>of</strong> thousands <strong>of</strong>

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