Word: scrip
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Dates: during 1930-1939
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...spread through the Democracy that genial Mr. Sinclair could be "handled." Told off to do the handling in California were Messrs. McAdoo and Creel. At the Democratic State Convention the party platform failed to mention the name EPIC, made no commitments as to the Sinclair proposals for land colonies, scrip, bond issues, high income taxes or pensions. EPIC was emasculated save for pledges to put the unemployed to work at productive labor, enabling them to produce what they could consume; to put the State's credit and resources behind cooperative self-help groups; to exempt from taxation the first...
...land. But between the Governor's inaugural in January, and the harvesting of the new cooperative crops, the unemployed would have to be fed. So farmers would be asked to trade their surpluses for warehouse receipts good for taxes and for manufactured goods. The original EPIC state scrip notion was modified, since Mr. Sinclair admits his lawyers would have difficulty finding a way to circumvent Section 10, Article I of the Constitution, which reserves for the Federal Government the sole right to issue money...
From these cryptic words, Fascist theorists last week deduced that on the day Italy declares war, Mussolini will begin state capitalism, take over all industrial, commercial, agricultural and transport activities. Both employers and workers will be paid fixed salaries in scrip or ration cards. The profits, estimated at 100 billion lire ($8,600,000,000) a year, will go to the Government. Not loans, not taxes, but business profits, will thus finance Italy's next...
...which the Secretary-Treasurer of the Organized Unemployed, Inc., of Minneapolis--an outgrowth of Dr. Mecklenburg's work at Wesley Church-tells us how the author has grappled with the depression. 400,000 meals served, 400,000 leaves of bread baked and sold for 2 1-2 cents scrip, 10,000 pairs of shoes repaired, 8,000 cords of wood sawed, etc. . . . Mr. Mecklenburg feels that the answer of American religion to Russia must be as concrete as the challenge. To his credit be it said that his faith, apparently, is not without works...
...foreign balances convertible into gold nestling coyly in vaults in New York and elsewhere, though, it must be confessed hardly collecting tarnish there. In support of this view may be adduced the seeming abundance of the wherewithal to purchase back her foreign bonds previously depressed first, by partially substituting scrip for gold payment on interest, and then defaulting entirely upon maturity of the securities...