Highlanders & Hanoverians | |
http://www.1745rising.org/cgi-bin/yabb2/YaBB.pl
General >> History, Real & Imagined >> trade tokens, pay and banking http://www.1745rising.org/cgi-bin/yabb2/YaBB.pl?num=1177278013 Message started by Steve_McGrath on 04/22/07 at 17:40:13 |
Title: trade tokens, pay and banking Post by Steve_McGrath on 04/22/07 at 17:40:13
Ladies and gentilemen,
there is a link at the bottom of hte page to a coin-collecting site, with information on Scottish Trade Tokens. I have heard of these before, and they were used as small change (Farthings and halfpennies as far as I can tell). this made me wonder: why aren't we making these for almost no cost and using them among ourselves at events (When playing cards etc...) and maybe using them with the public?. I understand the banking situation in Scotland was only really extant in Edinbourough (Royal Bank of Scotland), so how was this invasion of england being financed? also, what was the Jacobite pay-scale like, or was there even any pay at all? so many things are missing here! reenactors, as lower-ranking majority soldiers, you should know how you're paid, fed, sheltered and where to go for ammo, aside from your sargent. Thoughts? http://www.coins.nd.edu/ColCoin/ColCoinImages/Edinburgh/page-446.jpg http://www.measuringworth.com/calculators/exchange/result_exchange.php |
Title: Re: trade tokens, pay and banking Post by neil on 04/23/07 at 05:35:03
Hi Steve
We use quite a few coins if playing cards etc with Glenbuckets. I remember one particular event in Pollok house in Glasgow( late Stuart/early Georgian house) which looked great with the Jacobite officers in the drawing room playing cards with piles of coins sitting on the table. Ironically most of the coins we use are from American web shops/suppliers although I do have a few French ones I bought at the Palace of Versailles. Making them yourself sounds ike a great idea though and if anyone does I'll be up for buying them As for the invasion's funding.......apart from "contributions" from local Whig landowners, collection of cess tax from burghs and some donations (Lord Elcho)they also got money from the bank!! There were two banks in Edinburgh the Bank of Scotland and the Royal Bank of Scotland which had moved their reserves into Edinburgh Castle. Fortunately in a very unclear and presumably shady deal with the head of the Royal Bank who was a Breadalbane Campbell(who may have been a Jacobite sympathiser...there is a famous portrait of him in highland dress) Murray of Broughton managed to get his hand on a substantial part of this and it helped to fund the amy. Read "Edinburgh in the 45" by John S Gibson for more detail. I'm sure a Jacobite army pay scale did exist and I am pretty sure that I have seen a version of it in my copy of the Stewarts of Appin Orderly Book or possibly as an appendix. It lists the pay for officers certainly. I would imagine in reality lack of pay and payment in meal was more common when the funds got tight as happened before Culloden. I will check and let you know if you are interested? |
Title: Re: trade tokens, pay and banking Post by Steve_McGrath on 04/23/07 at 18:41:17
Ah yes, that would be great if you have the time! I'd love to know more about the logistics of the opperation.
I had thought of payment in meals and equipment, but really, after a while I'd think that some men would be deserting or threatening to without a regulated pay scale and at least sporadic, but full pay. I know I'd leave, being the mad little Irish Mercinary I am........ although I am willing to work for Potatoes........ |
Title: Re: trade tokens, pay and banking Post by neil on 04/25/07 at 05:45:08
Hi Steve
Found the appropriate page in the book with the scheduled rates of pay for officers and other ranks, including ensigns sergeants pipers etc.. I'm a bit busy to transcribe it just now, trying to get organised for more Culloden filming this weekend, but will do it ASAP and post it up. Cheers Neil Garg'n Uair Dhuisgear |
Title: Re: trade tokens, pay and banking Post by Steve_McGrath on 04/25/07 at 11:45:33
Exelent! I'm finishing up a Macroeconomics Course I took this semmester, it's out in two weeks. it has made me very much interested in the logistics, planing, purchasing and financing of these events we're all reading about!
as for French Coins, I have a few, mostly les Louis d'argent (Silver Ecu, worth 3 Livres, or 60 Sous, which is about 5 schillings or 1 Crown) and one 2-Sous coin. unfortunately, I'm not sure where I got them, as it was a while ago. the Sous coins would be good to have, because they're equivilent to English Pence, yet French. the french System was the same Nominally as the English system (12 Denier a 1 sol, 20 sous a 1 livre) mais les deniers sont 12 a 1 pence, et ils ne pas utiliser. tous soulement besoin a sais 20S a 1L. le meme de les nickles de le US. Plus, avec l'aid de l'Armee Francais, nous serrez avez les moneias Francais. Ettien McGrath |
Title: Re: trade tokens, pay and banking Post by Steve_McGrath on 04/27/07 at 21:54:28
hum, I seem to have switched into French in the last post. that's interesting, as my French is lousy.
you have my appologies for that. Another thing I am looking for which someone might have is the format in which Company Supply Returns were made. |
Title: Re: trade tokens, pay and banking Post by neil on 05/01/07 at 09:39:36
Okay
Here is what I have so far regarding the daily rates of pay in the Appin Regiment from a list in the Order Book dated 3rd November 1745. It seemes to be an account and receipt to show money spent in a return to Andrew Lumsden the Prince's secretary. All are in shillings and pence. I assume colonels etc did not require paying as they had their own resources to use. Number in brackets is the number of each rank in the Regiment Captain 2/6 (4) First Lieut 2/- (4) 2nd Lieut 1/8 (4) first Ensign 1/6 (3) 2nd Ensign 1/2 (3) Sergeant 0/9 ) Piper 0/9 ) (9 total) Colour Bearer 1/6 (1) Surgeon 2/0 (1) Adjutant 2/0 (1) Incidentally the other ranks of 168 men break down in to 4 or 5 companies listed Ardsheals 44 men James Stewart 34 men John Stewart 34 men Invernahyles 42 men Additional forming company John Stewart of Renvoir 10 men Baggage 4 men I am not very pre-decimally educated but I've tried to work out the 164 lower ranks and the 4 baggage mens' pay which was £29 8 0 for 168 men for 7 days SO @240d to the pound £29 8 0 =7056d divide by 168 = 42d divide by 7 days it would be 6d per day :-? Hope that is of some use and interest to you Cheers Neil Garg'n Uair Dhuisgear |
Title: Re: trade tokens, pay and banking Post by Steve_McGrath on 05/01/07 at 11:08:33
Interesting! 6d per day isn't much at all, and only about half of the regular British army's pay, which was 1 shilling per day (Nominally, before stoppages and allowances for uniforms etc taken out).
using the converter at measuringworth.com, in the first post, that's about 6 dollars (or 3 pounds for those of you in the UK) per day, which is 360 bucks per month. I hope they were fed well, because their money wages are lousy. in the orderly book are there any formats for returns, I'm curious as to what they look like. and, by the way, who's the publisher, I'll have to get myself a copy of that. Thanks, Steve |
Title: Re: trade tokens, pay and banking Post by Steve_McGrath on 09/13/07 at 20:00:20
Gentlemen and ladies:
I have finally gotten this project to work! with the purchase of a pound of solder, some broken brass buttons I had lying about, and a letter/number stamping set, I have successfully produced 18th century Trade Tokens! they're square and circular, the buttons being the circles. to make these, just stamp your initials into the back or front of the button after you have removed the shank and filed it flat (or at least close), the F for Farthing. then use them at events, and make loans with them, even, which is what I intend to do with mine. a farthing was worth about .25 cents, so they're not that big of a loan if you use them that way. this should make for another tool to bring accuracy to the next level. |
Title: Re: trade tokens, pay and banking Post by Martin_Wilkinson on 09/14/07 at 07:41:25 Steve_McGrath wrote on 05/01/07 at 11:08:33:
The pay of regular soldiers in the English Civil War was almost identical, depending at which source you look at, some say 6d other 8d a day. Of course that doesn't mean they were paid it. |
Title: Re: trade tokens, pay and banking Post by Steve_McGrath on 09/15/07 at 08:49:57
well, 100 to 80 years is a lot of inflation! I doubt you would be able to get along nearly as well in 1745 on sixpence than in 1642!
|
Highlanders & Hanoverians » Powered by YaBB 2.5 AE! YaBB Forum Software © 2000-2010. All Rights Reserved. |