Before Arabic numerals came around, money counters had to make do with an abacus or a counting board. The Germans called the counting board a Rechenbank, which is why we call moneylenders banks. At that time, banking methods were primitive. Not only did they use counting boards, they used tally sticks to record loans: a money value was written along the stick’s side, and it was split in two (Figure 16). The lender kept the biggest piece, the stock. After all, he was the stockholder.* Figure 16: A tally stick
