Selected Readings in Economics

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Formerly ten slaves were paid for a good copper, as a usual price ; now they are valued at from forty to eighty blankets.
The "blanket" is now, however, the recognized currency, not only among the Haidas, but generally along the coast. It takes the place of the beaver-skin currency of the interior of British Columbia and the Northwest Territory. The blankets used in trade are distinguished by points, or marks on the edge, woven into their texture, the best being four point, the smallest and poo
...rest one point. The acknowledged unit of value is a single two-and-a-half-point blanket, now worth a little over a dollar and a half. Everything is referred to this unit; even a large four-point blanket is said to be worth so many blankets.
The Hudson Bay Company at their posts, and other traders, 1 DawBon, "Report on the Queen Charlotte Islands,'* Geological Survey of Canada, 1878-1879, p. 136 B.
396 SELECTED READINGS IN ECONOMICS not infrequently buy in blankets, taking them — when in good condition — from the Indians as money, and selling them out again as required.


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