Tubular shell beads assembled into strings or woven into belts or embroidered ornaments. The Algonquian word (short for wampumpeag) translates as “string of white (shell beads).” Before contact with white settlers, Indians used wampum primarily ceremonially or in gift exchanges. In the early 17th century it came to be used as money in trade with whites, because of a shortage of European currency.
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According to the United States Census Bureau, the borough has a total area of 1.0 square miles (2.5 km²), of which, 0.9 square miles (2.4 km²) of it is land and 0.04 square miles (0.1 km²) of it (4.17%) is water.
There were 290 households out of which 24.5% had children under the age of 18 living with them, 49.0% were married couples living together, 10.0% had a female householder with no husband present, and 36.9% were non-families. 34.1% of all households were made up of individuals and 20.3% had someone living alone who was 65 years of age or older. The average household size was 2.34 and the average family size was 2.99.
In the borough the population was spread out with 23.0% under the age of 18, 5.6% from 18 to 24, 26.1% from 25 to 44, 22.9% from 45 to 64, and 22.4% who were 65 years of age or older. The median age was 42 years. For every 100 females there were 89.9 males. For every 100 females age 18 and over, there were 87.8 males.
The median income for a household in the borough was $29,205, and the median income for a family was $36,094. Males had a median income of $31,023 versus $26,071 for females. The per capita income for the borough was $15,598. About 11.8% of families and 17.9% of the population were below the poverty line, including 22.9% of those under age 18 and 13.9% of those age 65 or over.