Document: Ordinance|Director General and Council for the further regulation of the currency

The Director General and Council etc. Greeting.

Daily complaints of the inhabitants inform us, that our former orders, concerning badly strung wampum, made for the benefit and convenience of the inhabitants on the 30th of May 1650, are not so observed and executed, as we intended, but that such pay has been refused even for small profits by shopkeepers, brewers, bakers, tapsters, tradesmen and laborers to the great confusion and inconvenience of the inhabitants in general, as there is at the present time no other current money to help in the daily small trade,—Therefore to assist the inhabitants once more in this matter the Director General and Council ordain, conform to our former ordinance, that badly strung wampum shall be current money and be accepted as such by everybody without distinction or exception for small and necessary commodities, used in the house and that it shall be current up to the sum of 12 fl. and less in badly strung wampum, in sums between 12 and 24 fl. in half bad, half well strung beads, from 25 to 50 fl. one third bad, two thirds good wampum and in greater sums according to the conditions, made by purchaser and seller, under a fine of 6 fl. for a first refusal, 9 fl. the second time, two pounds Flemish and closing of the business the third time, conform to our previous orders.

Thus done etc., September 14, 1650.