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Updated: May 7, 2025
"He made it his first business to seize the gold, which he did without measuring or weighing it and in my absence; he said that he wanted it to pay the people, and according to what I hear he assigned the chief part to himself and sent fresh exchangers for the exchanges.
This is the gum of a tree not much unlike our walnut tree . In Pedier I saw in one street not less than 500 bankers or exchangers of money; and at this place they make many curious works, such as fine baskets garnished with gold, which were sold for two crowns each . This is a famous mart to which innumerable merchants resort. The inhabitants wear mantles of silk, and syndones? made of cotton.
I made inquiries of merchants who had lived nearly all their lifetimes in Timbuctoo, and not far from the gold country, but they had never heard of this pretty primitive mode of barter. And yet the story has a real African or Negro look in it. One cannot positively assert that something like this might not have existed amongst the Nigritians and their foreign exchangers of produce and merchandize.
"He made it his first business to seize the gold, which he did without measuring or weighing it and in my absence; he said that he wanted it to pay the people, and according to what I hear he assigned the chief part to himself and sent fresh exchangers for the exchanges.
But the moment I stop they win me with their everlasting logic, and then blessed if I can write them up. They have the same effect upon others. I have seen chambers of commerce and stock exchangers and professors from Berkeley passing with a supercilious glance which did very well so long as they kept moving.
Exchangers were little more than the pawn-brokers of today and a bank was a pawn-shop where pledges were stored. The money loaned upon any pawn was much less than its full value. The increase of the loan soon made it more than the value of the pledge which was then forfeited, and the pawn was sold by the broker.
In the second place, there was an even more serious development. There is always this psychological, or, if you will, artistic element in exchange. In pure Economics exchange is exactly balanced by the respective advantages of the exchangers; just as in pure dynamics you have the parallelogram of forces.
And he found in the temple those who sold oxen, and sheep, and doves, and the moneychangers seated: and having made a whip of cords, he drove them all out of the temple, and the sheep, and the oxen; and scattered the money of the exchangers, and overturned the tables; and said to those who sold doves, Take these hence; make not my Father's house a house of merchandise.
His charge against the master was a mere pretence to excuse his own want of personal faithfulness, and the master's reply was fitted to this pretense. This is in entire harmony with the opinion our Lord expressed of the exchangers when he called them thieves and drove them out of the temple.
"For the kingdom of heaven is as a man travelling into a far country, who called his own servants, and delivered unto them his goods. And unto one he gave five talents, to another two, and to another one; to every man according to his several ability; and straightway took his journey. Then he that had received the five talents went and traded with the same, and made them other five talents. And likewise he that had received two, he also gained other two. But he that had received one went and digged in the earth, and hid his lord's money. After a long time the lord of those servants cometh, and reckoneth with them. And so he that had received five talents came and brought other five talents, saying, Lord, thou deliveredst unto me five talents: behold, I have gained beside them five talents more. His lord said unto him, Well done, thou good and faithful servant; thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord. He also that had received two talents came and said, Lord, thou deliveredst unto me two talents: behold, I have gained two other talents beside them. His lord said unto him, Well done, good and faithful servant; thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord. Then he which had received the one talent came and said, Lord, I knew thee that thou art an hard man, reaping where thou hast not sown, and gathering where thou hast not strawed: and I was afraid, and went and hid thy talent in the earth: lo, there thou hast that is thine. His lord answered and said unto him, Thou wicked and slothful servant, thou knewest that I reap where I sowed not, and gather where I have not strawed: thou oughtest therefore to have put my money to the exchangers, and then at my coming I should have received mine own with usury. Take therefore the talent from him, and give it unto him which hath ten talents. For unto every one that hath shall be given, and he shall have abundance: but from him that hath not shall be taken away even that which he hath. And cast ye the unprofitable servant into outer darkness: there shall be weeping and gnashing of teeth." MATT.
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