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Word: scrip (lookup in dictionary) (lookup stats)
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...other Americans were convicted of black-market currency operations last week. The trial took place in Saigon, and the sentences, handed down by a Vietnamese judge, were every bit as harsh as the punishment in Moscow. Found guilty of trading off $36,850 in American military scrip, Paul Lee Bennett, 36, and Merle Verne Brown, 28, both of whom had been civilian employees of a construction company, were together fined $36,850 and sentenced to five years apiece in Saigon's dank Chi Hoa prison. Three other Americans are already serving time in Chi Hoa for similar offenses...

Author: /time Magazine | Title: World: Want to Change Dollars? | 12/30/1966 | See Source »

...barracks at Treasure Island in San Francisco Bay, Kuntze went before a court martial to face charges of importing bolt upon bolt of Thai silk and other fabrics into Viet Nam "in excess of his demonstrable personal need," illegally converting $12,000 worth of Vietnamese piastres and U.S. military scrip into dollars, and-possibly the most offensive of all sins to his shore-based seniors-installing Jannie as his mistress...

Author: /time Magazine | Title: Armed Forces: Paying for Prowess | 11/25/1966 | See Source »

...Social Credit derived from an economic movement current during the Depression. It involved the artificial creation of purchasing power through "prosperity certificates" that were issued like scrip. Since then, the movement has abandoned "funny money" theories and turned conservative...

Author: /time Magazine | Title: Canada: Surging to Nationhood | 9/30/1966 | See Source »

...clerks, the first order of daily business is to roam the streets trying to scrounge coins from train stations and stores in return for bills; some banks are issuing 500-lire cashier's checks that pass from pocket to pocket as legal tender. Several big department stores offer scrip instead of change, and grocers often make change in the form of potatoes or pieces of chocolate. Milan's San Siro race track pays off in scrip-good only at the track-and customers at Sorrento's Fauno Bar have been reduced to writing checks...

Author: /time Magazine | Title: World Business: Shortchanged | 9/2/1966 | See Source »

...clerked by day, by night took accounting courses at New York University. In 1930, after E. A. Pierce & Co. took over Merrill Lynch's business, Thomson moved west to work in Cleveland and Detroit; in the depth of the Depression, he and other employees were sometimes paid in scrip (which was good for food) instead of cash. After the 1940 reorganization, Thomson moved back to New York, where he worked under, and eventually succeeded, his longtime friend Mike McCarthy as head of operations, the paperwork part of the business...

Author: /time Magazine | Title: U.S. Business: Wall Street: A Long Look Upward | 8/19/1966 | See Source »

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