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The Stone Money of Yap - Smithsonian Institution

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18 SMITHSONIAN STUDIES IN HISTORY AND TECHNOLOGY<br />

<strong>The</strong> foreign governments only occasionally interfered<br />

with the <strong>Yap</strong>ese media <strong>of</strong> exchange. Salesius<br />

recounts that the Germans early in their administration<br />

discovered that fines imposed upon the <strong>Yap</strong>ese<br />

were <strong>of</strong> no consequence unless collected in rai.<br />

Demands for road repair went unheeded until the<br />

government took advantage <strong>of</strong> the native custom <strong>of</strong><br />

transferring title <strong>of</strong> money without moving it. On<br />

certain rai they painted "B.A." (Berzirks-Amt or<br />

District Office) to indicate the government acquisition.<br />

As Salesius pointed out, " a show piece sometimes<br />

[became] an incriminating accuser." 198<br />

Usually it was the islander who made the rapid<br />

adjustment to the new economy <strong>of</strong> the foreigner. A<br />

certain size stone quickly came to have the value <strong>of</strong><br />

a certain number <strong>of</strong> German marks or Japanese<br />

yen or American dollars. Antiquity <strong>of</strong> use has had<br />

little to do with the island interpretation <strong>of</strong> custom.<br />

<strong>The</strong> number <strong>of</strong> stones leaving <strong>Yap</strong> increased after<br />

restrictions upon aliens entering the area were lifted<br />

in 1963. <strong>The</strong> <strong>Yap</strong>ese by then had had a generation <strong>of</strong><br />

dealing with Americans and their economy. Many<br />

things combined to make the <strong>Yap</strong>ese people aware <strong>of</strong><br />

the worth <strong>of</strong> rai and the danger <strong>of</strong> mass exportation.<br />

Apparent interest <strong>of</strong> various foreign museums played<br />

a role in this. Even the influence <strong>of</strong> a fledgling museum<br />

in the Trust Territory was felt. <strong>The</strong>se changing<br />

attitudes toward value were mentioned when the<br />

<strong>Smithsonian</strong> <strong>Institution</strong> was preparing to purchase<br />

the large rai that is now on exhibit. District Administrator<br />

Robert Halvorson wrote Dr. Saul Riesenberg<br />

<strong>of</strong> the <strong>Smithsonian</strong>:<br />

<strong>The</strong> Council has discussed your request for both types <strong>of</strong> rai.<br />

<strong>The</strong>re is no objection to providing both types, but they now<br />

believe they should get a better price for a pre-contact piece—<br />

$2,500 per piece! I'm not sure where this idea came from. I<br />

specifically asked earlier when the price <strong>of</strong> $25.00 per foot was<br />

set if size, history, or other differences warranted different rates.<br />

At that time they seemed very decided that the rates should be<br />

the same for all. <strong>The</strong> inflationary price may have been inspired<br />

by a visit <strong>of</strong> two or our Council members to Koror where they<br />

saw two pieces <strong>of</strong> Palauan "money" in the museum, each <strong>of</strong><br />

which somebody had tagged at $5,000. 199<br />

It was not until the fall <strong>of</strong> 1965 that the <strong>Yap</strong><br />

Island Congress passed Resolution Number 10-65<br />

(Appendix 2), levying a tax on the transfer <strong>of</strong> traditional<br />

<strong>Yap</strong>ese monies. A transfer <strong>of</strong> ownership document<br />

had to be obtained if a citizen <strong>of</strong> the Trust<br />

Territory sold or gave any traditional <strong>Yap</strong>ese monies<br />

to any business establishment or any person who was<br />

not a citizen <strong>of</strong> the Trust Territory. A 50 percent tax<br />

was levied on a sale and a 25 percent tax on the<br />

estimated value <strong>of</strong> a gift. This tax and the 500 dollar<br />

fine imposed on <strong>of</strong>fenders put some teeth into an older<br />

<strong>Yap</strong>ese law, which required only a transfer <strong>of</strong> ownership<br />

document. 200 Though as one may note in the<br />

list <strong>of</strong> private owners (Table), there are many<br />

stones that left <strong>Yap</strong> that are not recorded in the District<br />

Administration's file <strong>of</strong> transfer or ownership.<br />

It has been the <strong>Yap</strong>ese legislators themselves who have<br />

felt the need to tighten the process for alienation <strong>of</strong> the<br />

rai. <strong>The</strong> <strong>Yap</strong> Island Congress and the United States<br />

administration have at times both attempted to fix<br />

current selling prices <strong>of</strong> the stone disks. <strong>The</strong> <strong>Smithsonian</strong><br />

<strong>Institution</strong> was quoted $25.00 per foot in<br />

1961. 201 In April 1965, the price was $2.09 an inch. 202<br />

<strong>The</strong> measurement scale but not the price had changed.<br />

In March 1968, the then District Administrator wrote<br />

that the <strong>Yap</strong> Island legislature in 1966 had set a price<br />

<strong>of</strong> $3.75 per inch. 203 <strong>The</strong> actual going price seems to<br />

have stabilized at $3.50 per inch. 204 This price represents<br />

the cost <strong>of</strong> a stone purchased from a <strong>Yap</strong>ese on<br />

<strong>Yap</strong> by a foreigner. <strong>The</strong> value placed on rai by a<br />

foreigner outside <strong>of</strong> <strong>Yap</strong> is quite different as indicated<br />

by the New York market. 205

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