|Scope & Content||
REMARKS:Three  pieces of emergency scrip, issued by Reedsport merchants in 1933, with accompanying letter by Frank L. Taylor. Taylor was a member of the merchants' committee that issued the scrip. According to his letter, bank closures at the height of the Great Depression made check-cashing difficult. A committee of Reedsport merchants was organized to accept payroll checks [no personal checks], and to issue emergency scrip in the amount of the check. Scrip was accepted at stores in Reedsport, Oregon.; According to Taylor's explanatory letter [written in 1971], "at least $7,000" in scrip was issued. When banks reopened, the committee advertised for 90 days to redeem outstanding scrip. Some were not cashed in, so that the committee had an overage of $110.00 when accounts were settled. This balance was given to the Gardiner Masonic Cemetery, according to Taylor's letter.
|Title||Reedsport Emergency Scrip|
|Collection||ARCHIVES AND MANUSCRIPTS|