Coal scrip
From Wikipedia, the free encyclopedia
Various forms of coal scrip
Coal scrip are "tokens or paper with a monetary value issued to workers as an advance on wages by the coal company or its designated representative."[1] As such, coal scrip could only be used at the specific locality or coal town of the company named. Because coal scrip was used in the context of a coal town, where there are usually no other retail establishments in that specific remote location, employees who used this could only redeem their value at that specific location.[2] As there were no other retail establishments, this constituted a monopoly.
Popular Culture
The country musician Merle Travis makes a reference to coal scrip in the song, "Sixteen Tons" on the Folk Songs of the Hills album.
References
- ↑ Edkins, Donald (2002). Edkins Catalogue of United States Coal Company Scrip Volume 2 West Virginia. Huntington, West Virginia: The National Scrip Collectors Association. p. xxvii. ASIN B0006E5ZQY.
- ↑ Edkins, p. xxviii
See Also
External links
- Harte, C.J. "Coal mine scrip collectors to meet". Middlesboro Daily News. Retrieved July 21, 2012.
- Cawood, Steve, past president National Scrip Collectors AssociationScrip Definition
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