Depression Stamp ScripKenneth Pruess

Lincoln Stamp Club

Encased Postage

Banking Holidays

• By March 1, 1933 14 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 1930-1934

• 12 Million unemployed

• 5000 bank failures 1930-32

• 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 ReferenceBut new findsare still beingmade.

Web Sitedepressionscrip.com