Word: scrip
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...College, founded in 1855 by the elders of the local Disciples of Christ, was the victim of the Depression. In spite of every economy, it could not afford to keep up its library or replace its retiring professors. It even had to pay part of its faculty in scrip. In 1936 the North Central Association finally withdrew its accreditation. Today, reports President Ira W. Langston, the yearly deficit is still $20,000, and though the library is climbing up to par and the college has about the proper proportion of Ph.D.'s on its faculty, it cannot approach...
...cloaks tethered donkeys and camels outside the polling stations, stood patienlly alongside their Jewish neighbors, waiting their turn. Brooklyn's Grand Rabbi Joel Teitelbaum, of the Congregation Yetv Lev, in an effort to persuade Orthodox Jews not to take part in secular elections, was offering $15 worth of scrip, good for luxury foodstuffs, if they would stay away from the polls. But in Jerusalem's Orthodox quarter of Mea Shearim, bearded and ringleted men with memories of East European ghettos were praying for wisdom before making their choice...
...Northbrook has managed to build one new ten-room school, it does not have enough money left over to equip or furnish it. Last year Palatine found itself in an even more embarrassing position: without enough money to pay its teachers, it had to resort to a sort of scrip that had not been used since the great Depression...
Last week, with all the security preparations of a landing invasion, the U.S. abruptly declared the existing blue-tinted scrip invalid all over the world. G.I.s were given just seven hours to exchange their blue scrip for the new multicolored issue. The changeover was the first since 1951 but the fourth since scrip was first issued in 1946. It was ordered because counterfeiters were doing so well with the old scrip...
...glorious day, G.I.s had revenge. But black-marketeers had the last word. Three days after the switch, they were doing a brisk business in the new scrip, at the old price: 3,500 hwan for $10 MPC (new issue...