Depression Stamp Scrip Kenneth Pruess Lincoln Stamp Club Encased Postage.

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Presentation transcript:

Depression Stamp Scrip Kenneth Pruess Lincoln Stamp Club Encased Postage

Banking Holidays By March 1, States closed banks March 6 Roosevelt called National bank holiday Payrolls could not be met Many banks never reopened Those that did reopen had shortage of small bills and coins

What will we do for money? Before March 6 about 400 communities were already using emergency money After March 6 there was a flood of scrip Scrip took many forms!

Depression of Million unemployed 5000 bank failures People not paying taxes Cities unable to borrow money Run on money from solvent banks Acute shortage of coins and small bills

Tenino, Washington

WARA SCRIP userpage.fu-berlin.de/~roehrigw/fisher/stamp4.html

Zylstra Type Scrip Hawarden, Iowa

South Haven, Michigan

Mason City, Iowa

Okmulgee, Oklahoma

Carmel-by-the-Sea, California

Santa Clara, California

Inside of booklet

Pilot Rock, Oregon

Julesburg, Colorado

Golden, Colorado

Sterling, Colorado

Polk County, Iowa

Multnomah County, Oregon

Fostoria, Ohio

Caslow Private Issue – Chicago, Illinois

Mitchell and Shafer Best Reference But new finds are still being made. Web Site depressionscrip.com