Scripophily site
a collection of historic bonds and shares

The myth of Hermes & Argus
(update: 22-8-2023)

Dr. Hugo H. van der Molen - Wederikweg 114 - 9753 AE Haren, The Netherlands

Tel: +31 (0)50 534 8795; email: [email protected]

en Facebook of Linkedin

You are here: home - scripophily - search by illustration - mythology - Hermes & Argus


The myth of Hermes & Argus (Gr.)/ Mercury & Argus (L.)

Hermes is sometimes called Argeëphontes or Argofonias, i.e.the murderer of Argus. The underlying story is the following (source: Souli, 1995, p. 40).

In Argos lived Inachus' most famous daughter Io, a beautiful girl who became a priestess of Hera and attracted the amorous attention of Zeus himself. Zeus, although being married to Hera, seduced many a beautiful woman, often in disguise (methamorphosis). In the diguise of a cloud, he seduced Io as is depicted in a painting by Correggio.

Zeus, in disguise of a cloud, seduces Io

His wife Hera, seeing them in each others arms, flew into a rage with Io and turned her into a cow. Then she tied the cow to an olive-tree in the sacred grove of Mycenae and set Argus the All-seeing, of the line of Phoroneus - a beast with eyes all over his body and tremendous strength - to keep watch on it (we still have the expression to watch Argus-eyed; NL: kijken met Argusogen). But Zeus set Hermes to steal Io, which he did by lulling Argus to sleep with the music of his pipes. But no sooner was this done than Hera sent a gadfly (NL: horzel) to persecute the unfortunate Io whom it caused to run madly  from one country to another. After crossing the Ionian sea (and thus giving it its name), Io wandered through Illyria, Aenus, the Bosporus (= "ox-crossing" / NL: koeieneweg), the Crimea and Asia, coming ultimately to Egypt and resuming human form. There she maried king Telegonus and, after her death, was worshipped as a goddess under the name Isis. (source: Mavromataki, 1997, p. 213,214 and Hull, 1993, p. 173/4).

Hall (1993, p. 236) gives a somewhat different story, based on Ovidius' Metamorphoses I: 588-600; 639-663 and  I: 668-721.
When Zeus seduced Io he had taken the precaution to change himself into a cloud in order to hide his adultery for his wife Hera. However, Hera was not fooled by this and therefore Zeus himself (not Hera) changed Io into a white cow. Then Hera had the cunning to ask Zeus to give her the cow as a present, something Zeus could not deny her. Then she had the cow guarded by the giant Argus who had 100 eyes.
After the murder of Argus, Hera took the 100 eyes of Argus and put these as a remembrance in the tail of a peacock, where they would always remain to be seen.

(Image: Tom Chance / WestEnd61/Rex Features)


In art Argus is usually depicted as a muscled shepherd with 2 eyes only. Hermes plays a  sheperd's flute or approaches with a sward. Io stands quietly grazing. Sometimes Hermes places a foot on a cut off head, referring to this episode.

In the famous painting Mercurio y Argo from the Spanish painter Velasquez, (depicted on a share from the Spanish Banco de Cartagena; see below) Io is lying down, the muscled sheperd is sleeping and Hermes slinks towards his prey, drawing his sword.

Historic share for sale:

Banco de Cartagena
Cartagena, Spain, 1900; Accion al Portador De Quinientas Pesetas (bearer share of  50 (?) Pesetas); Print by Arnoud - Lyon / Paris; 20 by 10 cm black engraving of the famous painting Mercurio y Argo (Mercury and Argus) by D. Velasquez (1599-1660); VF+: one faint middle fold with a 1 cm tear in left border (on the fold, but hardly visible; a few small wrinkles in left upper border); price 125 Euro. order here.
The picture shows the god Hermes (L: Mercury) drawing his sword in order to decapitate the shepard who guarded princes Io, who had been transformed into a white cow by Zeus (L: Jupiter).
When Velasquez was commissioned to do the interior decoration of the famous Alcazar palace, he made 4 paintings with mythological subjects. Only this painting was preserved, now hanging in the Prado museum in Madrid.

Historic picture post card for sale:

Correggio: "Jupiter & Io "

uitg. J. Plichta, Prague I-321; .P.P/1061
Jaar van uitgifte: ?

The disguise of Jupiter on this postcard seems less sophisticated than the painting shown on Wikipedia (see below), housed in the Kunsthistorisches Museum of Vienna, Austria.

unused: see back side / zie achterkant (some paperglue remains)

orderno. mythologie 5 ; order here
Price: 50 €



Hall (1993), Hall's Iconografisch Handbook, Onderwerpen, symbolen en motieven in de beeldende kunst, transalated by Theo Veenhof, Leiden, The Netherlands: Primavera pers. ISBN: 90-74310-05-2
(Original title: Dictionary of Subjects and Symbols in Art, published by John Murray in London)

Mavromataki, M. (1997), Greek Mythology and Religion, Athens: Haitalis, Astrous street 13, 13121 Athens, (tel: +32 (01)5766.883). This is a beautifully illustrated book, strongly recommended for reading. (256 pages).

Souli, S. (1995), Griekse Mythologie, Athens:  Michalis Toubis (Vouliagmenis Avenue 519, Ilioupolis 16341. Tel: +32 (01) 992 3876). Web: http//
This is a beautifully illustrated book, strongly recommended for reading. ISBN: 960-7504-27-5  (175 pages).

See also old stocks illustrated with peacocks:

old stocks illustrated with peacocks

See page on explanations, sales conditions, costs of shipping and on how to order and to pay.

You are here: home - scripophily - search by illustration - mythology - Hermes & Argus

en Facebook of Linkedin

See also our large and beautiful collections of
art, female beauty, mythology and very decorative stocks

Bekijk ook onze grote en fraaie collecties
kunst, mooie vrouwen, mythologie en zeer decoratieve effecten