I was morbidly curious enough to actually go find the 6th edition on open library. The actual definition:
Money. In usual and ordinary acceptation it means coins and paper currency used as a circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate. Lane v Railey, 280 KY. 319, 133 S.W.2d 74, 79, 81.
A medium of exchange authorized or adopted by a domestic or foreign government as part of its currency. U.C.C. S 1-201(24).
Neither "sawdust" nor "beaver pellets" appear anywhere in the 1700-page book. Googling that phrase turns up only this very thread.