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Updated: April 23, 2025


Tea tuppence-ha'penny, and that's fivepence- ha'penny, and a ha'penny for wood, and tuppence-ha'penny for a loaf makes eightpence-ha'penny. There's more'n ninepence over, Margy, and all I want is a pint of beer and a screw. Threepence come now." "I've nothing to give you," she returned doggedly. "Then what did you do with it? How much gin did you drink eh?"

You can't get L , and T , and R , for tuppence-ha'penny, you know. 'No, indeed, that's true, said I, with the air of one who had tried this game and proved its impossibility. 'No. And so, in the matter of pay I must go gently, you know, at first. I must ca' canny for a while.

Well, is everything in Germany five times as dear as it is in England? No. Not by any means. If a mark is regarded as tuppence-ha'penny, everything is extraordinarily cheap; much cheaper than in England.

That I was in a hard case is best attested by the fact that when I had paid for my Sunday Herald there was left in my purse just one tuppence-ha'penny stamp and two copper cents, one dated 1873, the other 1894.

The last words that reached me were "Fivepence ... tuppence-ha'penny;" but still, when I could no longer catch any details at all, the voices continued to sound pleasantly good-tempered.

"Eh!" said Mrs. Anthony. "You can find time if you make time." "I don't know how you do it," said Mrs. Morel. "And how much shall you get for those many?" "Tuppence-ha'penny a dozen," replied the other. "Well," said Mrs. Morel. "I'd starve before I'd sit down and seam twenty-four stockings for twopence ha'penny." "Oh, I don't know," said Mrs. Anthony. "You can rip along with 'em."

Obviously, then, what I have to consider, when I am offered a mark instead of the customary shilling for my blank verse, is this: "Can this mark purchase a similar-sized bag of nuts in Germany?" If the answer is "Yes," then the mark is worth a shilling; if the answer is that it will only buy a bag of about a fifth of the English size, then the mark is worth tuppence-ha'penny.

Or does it decide on moral grounds? Does it say contemptuously, "Oh, I should think about tuppence-ha'penny, and serve 'em dashed well right for losing the war"? Let us go slowly, and see if we can make any sense of it. Suppose that I produce something worth a shilling, something, that is, which I can sell in this country for a shilling a blank verse tragedy, say.

I see no mental foothold anywhere. The mark, we are told, is now worth tuppence-ha'penny. Why? I mean, who said so? Who is it who arranges these things? Is it Rockefeller or one of the Geddeses or Samuel Gompers a superman of some kind? Or is it a Committee of the Stock Exchange and Greenwich Observatory? And how does it decide? Does it put a mark up for auction and see what the demand is like?

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