Word: scrip
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Black-marketeers covet it, taxi drivers, dance-hall hostesses and restaurants accept it, and even Communist agents collect it for their own devious purposes. In Japan and Korea, the next best thing to U.S. greenbacks is U.S. military scrip. Although in theory MFC (military payment certificates) can be used only in post exchanges, commissaries and other military establishments, and only by the military or civilian employees of the military, "G.I. money" is considered more valuable than the wobbly Japanese yen or the even wobblier Korean hwan...
...nationhood, through the bloody communal riots between Hindus and Moslems and through Gandhi's death, Bhave remained in obscurity, except for occasional newspaper articles carrying his strictures against money. To Bhave, money "tells lies and is like a loafing tramp." For a medium of exchange he favored scrip, showing the number of hours a person had worked to earn...
Through it all. Interior Secretary Oscar Chapman stayed mum. Sniffing skulduggery, Louisiana's Democratic Congressman E. E. Willis fired off a letter to Chapman, sarcastically pointing out that homestead scrip was never intended to help start a farm "at the bottom of the Gulf of Mexico." Willis demanded to know why Chapman, who usually acts on mineral lease applications in a matter of days, has let months pass without denying Cord's claims. By last week Chapman had still taken no action, but Interior officials said privately that Cord's claims will be tossed out. Another possible...
...types: 1) individual scrip, issued in each case by a special act of Congress to individuals for services to the Union, e.g., Joseph Gerard, who was killed by Indians in 1792 while carrying a message for the U.S.; 2) land exchange scrip, issued when private land was swallowed up by creation of national forests, etc.; 3) soldiers' additional rights, issued in 1874 and later, granting additional land to Civil War veterans who had already started homesteads...
Cord and his friends began buying up scrip from heirs. In 1947, they laid claim to ten borax-rich acres in California's Mojave Desert. The Interior Department refused to recognize Cord's claim on the ground that his scrip could not be used for mineral land. Cord's appeal is still pending in court...