Scrip Note
Basic details
Background
This scrip note was issued by Scioto Company Proprietor, Ezra Griswold. Hard currency, such as gold coinage, was the preferred method of exchange, but cash was scarce on the frontier. In 1815, specie payment was suspended by eastern banks. Thus cash was in short supply on the frontier. Local banks and local businessmen like the Griswolds would issue their own paper currency called 'shinplasters" in small denominations. They were usually for small amounts, and helped keep local economies alive, as did the practice of barter.
Record details
Copyright
Scrip Note from the collections of the Worthington Historical Society (WHS) may be used for educational purposes as long as it is not altered in any way and proper credit is given: "Courtesy of the Worthington Historical Society, Worthington, OH." Prior written permission of the WHS is required for any other use of Scrip Note. Contact WHS at info@worthingtonhistory.org to request permission.
