Esperanto: universal language—universal coinage?
It should be no surprise to anybody that the people who promoted a universal language are the same people who attempted to create a universal currency. In the 1870s and ’80s, Dr. Ludovic Lazarus Zamenhof, an ophthalmologist from Bialystok, Poland, developed Esperanto, a language described as an “international auxiliary language” that would bridge cultures. Bialystok was an ethnically divided part of imperialist Russia, and Dr. Zamenhof grew up feeling that the enmity and conflict in his community were rooted in the differing languages of the various cultures there.
Esperanto very quickly developed a serious following. A textbook of Esperanto grammar appeared in 1887, and the first congress of Esperanto speakers was held in France in 1905. But after the First World War, Esperanto was viewed with suspicion by most of Europe’s burgeoning totalitarian regimes. Esperantists were often persecuted, expelled or even executed, but they still met in secret.
Not until after the Second World War was an Esperanto movement openly revived, with the creation of a Dutch organization called the Universala Ligo (Universal League). The League’s mission was to unite mankind through the use of a common language. During the first international assembly of the Ligo in 1946, a decision was made to introduce a common world currency with an internationally stable value. The League’s hope was to achieve peace through international economics—that global conflicts caused by international economic pressures could be resolved by using this revolutionary currency. This noble task would fall upon the “stelo” (Esperanto for “star”) and its value was determined as 1 stelo = 1 standard loaf of bread, which at the time cost 0.25 Dutch guilders.
The first coins were minted in 1960. Through 1965, successive issues produced 1, 5, 10 and 25 steloj denominations. They actually circulated—but not with the support of any government. Steloj functioned for over 30 years as token coinage used to purchase books and other items within the Netherlands’ chapter of the Ligo. In 1974 the stelo was revalued at 0.50 Dutch guilders. With the hope of cushioning it from inflation, the stelo was later pegged to the consumer price index, a tool for measuring inflation based on the prices of basic consumer goods. But fierce internal disputes over how it should be valued brought about the demise of the currency. The Universala Ligo disbanded in 1993 and, in the late 1990s, the deaths of its greatest advocates ended any major Esperanto initiatives.
The doors were barely closed following Big Top Farewell event before Chief Curator Paul Berry and his team began emptying display cases that had been sealed shut since 1980. The biggest task involved removing more than 2500 bank notes from the room we knew as Gallery 8.
Another convention of the Royal Canadian Numismatic Association (RCNA) wrapped up in July. This year the convention was held in Winnipeg, Manitoba. It was the first time in over thirty years that the RCNA Convention made a stop there.
Before the museum closed for renovations on 2 July, technicians began to remove the heavier artifacts in late May. First to go was the strong box. Built of ¼” thick welded steel plates, this trunk was used by the Bank of Upper Canada in Toronto between 1821 and 1866.
Most of us know the first part of Alexander Graham Bell’s take on opportunity: “When one door closes, another one opens…” What we often don’t recall is the second half of that quote, where he says: “…but we so often look so long and regretfully upon the closed door, that we do not see the ones which open for us.”
The Staff of the Currency Museum was saddened to learn of the passing of artist Alex Colville who died on 16 July at his home in Wolfville, Nova Scotia. He was 92. One of Canada’s most celebrated painters, Colville is not as well-known as a sculptor but if you look carefully through your pocket change you might just find an example of his work.
The roots of the Currency Museum go back to 1959 when the then Governor of the Bank of Canada, James Coyne, proposed the idea of establishing a currency collection that would reflect the colourful monetary history of Canada. By the time the go-ahead was given in 1963 by Coyne’s successor, Louis Rasminsky, the collection’s mandate had been expanded to include world monetary history, banking and production artifacts and a numismatic library.