As applied to people rather than money, the term originally had derogatory connotations – by the early 1820s, "currency had stuck for male and female native-born and everyone knew what it implied". However, it was soon
reclaimed by the native-born as a positive term, in order to distinguish themselves from more recent arrivals. In
Two Years in New South Wales, published in 1827, Peter Miller Cunningham wrote: "Our colonial-born brethren are best known here by the name of
Currency, in contradistinction to
Sterling, or those born in the mother-country. The name was originally given by a facetious paymaster of the 73rd Regiment quartered here–the pound currency being at that time inferior to the
pound sterling." In 1832,
Horatio Wills – born in Sydney in 1811 to a convict father – founded
The Currency Lad. It was "the first newspaper published in the colony which specifically set out to protect the interests of the native-born". "The currency" as a whole were usually separated according to gender as "currency lads" and "currency lasses." In 1849, J. P. Townsend wrote: "whites born in the colony...are...called 'the currency;' and thus the 'Currency Lass' is a favourite name for colonial vessels," and, according to Edward E. Morris, also for hotels. However, when Morris published his
Austral English in 1898, he indicated that the term was obsolete. ==See also==