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Catalog Number 71.21.1
Object Name scrip
Scope & Content green; scrip

REMARKS:Three [3] 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.
Creator Reedsport, OR
Title Reedsport Emergency Scrip
Collection ARCHIVES AND MANUSCRIPTS
Imagefile 017\71211.JPG
Accession number 71.21