https://love-and-theft-2014.blogspot.com/2022/08/20220818-dan-rohde.html @
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cf.
Irving Fisher: Stamp Scrip; 1933
1933b. Stamp Scrip. full text online
http://userpage.fu-berlin.de/roehrigw/fisher/
LETSystems - the Home Page
https://archive.lets.net/gmlets/home.html
LETSystems - new money LETSystems - new money
https://archive.lets.net/gmlets/explore/home.html
An overview of LETSystems, local currencies and the future of money
by Michael Linton, designer of the LETSystem.
(He probably lives in BC, Canada.)
we
have
The sad plight of the corn-growers is that the
banking system with its thirty days and three months
terms does not give any particular assistance. We
planted this corn a year ago last May and June; we
cared for it; we picked it; we transported it to the
cannery, and canned it, and now it has been all sold
with the exception of about twelve hundred cases,
and the farmers would not have been able to receive
a cent to help them out if it had not been that the
Company, the Co-operative concern, issued script
last January to care for the farmers during the winter.
They were in many cases badly in need of money for
groceries and clothing, and in order to avoid accepting
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orders in their accounts in the cannery thoy decided
it would be good business to issue script, which was
accepted by the merchants of Chilliwack for goods,
and by the garages and other business men of Chilliwack,
but not by the banks. They are accepted by some
municipal councils for taxes that is, for certain
taxos, for dog taxes and head taxes, and taxos of that
nature. This left the farmers with the script of
about sixty por cent. of the guaranteed prico of the
corn, eight dollars per ton, which amount they received
in January six dollars per ton in script. The
merchants carried this script because they could not
cash it at the bank, because they were fully assured
we were as much behind it dollar for dollar as behind
the Canadian dollar, because the canned corn was there
and amply protected by the National Warehousing Company
for everything which went in and went out.
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