LESSON 1.1.2 Notches As Tally Marks
LESSON 1.1.2 Notches As Tally Marks
LESSON 1.1.2 Notches As Tally Marks
UNIT 1
L e s s o n 1 . 1 : Pr i m i t i v e C o u n t i n g
LESSON 1.1.2: Notches as Tally Marks
LESSON 1.1.2: Notches as Tally marks
England Tallies
Formerly, if someone lent money to the Bank of
England, the amount was cut on a tally stick, which
was then split.
The piece retained by the bank was known as the foil,
whereas the other half, known as the stock, was given
the lender as a receipt for the sum of money paid in.
LESSON 1.1.2: Notches as Tally marks
England Tallies
• Thus, he became a “stockholder” and owned “bank
stock” having the same worth as paper money issued by
the government. When the holder would return, the stock
was carefully checked and compared against the foil in
the bank’s possession; if they agreed, the owner’s piece
would be redeemed in currency.
• A written certificate that was presented for remittance
LESSON 1.1.2: Notches as Tally marks