TRIE \l< - s '" H 



langes in t 



is , -\.-liaiiL- ..-niv arti.-i,-, \\hirh cannot be 



ici-d in one's own tril..- at al . t in as large 



inantiti.-. This h-ads rach tribe to produce more than 



.s-hirh an- d.-ired by 

 th.-s,. it -st too 



which not possess one's self, hut which 



r* manufacture in >urplus <|iiantiti-s. In this way 

 the idea of value or ! an.l d-v-lnp,.d in romp!, 



until among modern nation- \\- lia\ many grades in our 

 scale of values. In the course of tim- it always happens 

 .ni".iiry has been exchanged so much 

 jiK'iitlv than .> -n.-ii ran always be 



hat with it thry can pun-ha-.- any ..tln-r commodity 

 " Whatever this specially well-known and 

 hiirhiy-valur.l rmninniHty maybe whrth. ..r trrain, 



beads or shells it is a trn- im-il'min nt> -\< > !iJiuu r '. it is a 

 tnn- money. 62 But it is seldom that tru. m< aiiul 



in priniitivi. s)-i-t\ rige is usually mere barter, t ho 



transfer of goods in kind. It has taken many <M'ntiin*s 

 of constant transfer and < \< hange of goods before one 

 ular commodity was recognized as a universal me- 

 dium oi '"ge, money. 



au-c tlie system oi mir' and trade is in I 



a nidini.-ntury stage of derelopmenl among primitive 

 les, modern concepts of price and timi an* un- 



known, ion in tin- economic sense, 



for that implies pr'nv and ditY.'rinir |iiality in i;oods. 



nd-nt upon a mou 



omy, forpri-c N t ho amount of money a given quantity of 

 goods will exchange for. Without mon.-y thore could 

 >1>\ iously be no concept of price; and as we have seen, 



"Gidding*. op. rif.. p. SIS. 



