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Cinch
Just wondering where I can find some online information about the issuance of depression scrip. Specifically, I'm looking to learn more about Rhode Island and Boston's 1930s notes, who decided to have them printed and why they ultimately weren't put into circulation (or were they?). Thanks!

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RICurrency.com, old banknotes from Rhode Island
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EarlySmallSizeFanatic
Depression Script Guy could, but he hasn't been around in six months. 

He was not in the best of health and I am very worried about him. I have a bad gut feeling. 
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GregAlex
I've been in touch with him recently and he's doing better. I'll alert him to this post.
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lettow
http://www.depressionscrip.com
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EarlySmallSizeFanatic
GregAlex wrote:
I've been in touch with him recently and he's doing better. I'll alert him to this post.


Please do. 
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lettow
Here is a quote from the Annual Bulletin of the Federal Reserve Bank of Boston for 1933:

In Providence the bank commissioner permitted withdrawals of scrip, limited to $10 per weekto any one person, in place of clearing house certificates. OnMarch 15 the Providence clearing house committee voted to declarethe plan for issuance of scrip terminated.
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Dan Cong
From HA - the one dollar seems to be the only ones uncanceled. If the program was terminated after one week (March 8th to 15th) - they probably did not have a chance to issue the higher denominations, and perhaps were canceled and became souvenirs. 
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Sergei Aleksandrov
Obviously some of the notes had a bit of planning what with creating plates and doing intaglio printing like the Detroit notes.
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lettow
If you are into Depression Scrip, Vernon Brown, who was the curator of the Chase Money Museum, wrote a thesis in the 1940s on Depression Scrip.  Mitchell and Shafer used it extensively in writing their catalog.

It is available on the Newman Numismatic Portal but can be difficult to find there.  I have attached a copy here.

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Cinch
Thanks Lettow! That's exactly what I was looking for and explains the situation and the circumstances of my notes very well. I'll have to dig into this more, but it is greatly appreciated!
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MaineJoe
Yes, thank you from me as well! I downloaded it and it's saved until I can get my printer to like me again ðŸ˜«
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lcgatch
There exists a 60+ page pamphlet entitled "Rhode Island Banks During the Bank Holidays of March 1933", published by the Rhode Island Hospital Trust Company, Providence. It contains records of the Providence Clearing House Association, as well as orders issued by the State Bank Commissioner.
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DepressionScripGuy (Rod)
Yes, I'm still around.  But no, I haven't been on the forum for quite some time.  There are various reasons good and bad and I will just leave it at that.

As for the Providence depression scrip, yes, most of the notes you will find are stamped cancelled.   The $1 note is very common as cancelled and not as common as not cancelled.  The $1 note was also issued twice.  You can tell the difference from the serial # prefix.  The first round has serial #'s that start with AA and then the second issue starts with prefix AB.  The 5 and 10 as not cancelled examples is extremely rare.  It was common practice that once a depression scrip issue was "decommissioned", all the notes were punch cancelled or stamped cancelled.  The other option was alot of depression scrip was just destroyed by various means.  Most commonly, it was burned.

Only the 1, 5 and 10's were issued.  The 20 and 50 were never issued.  There is also a Bristol Rhode Island note (rare) and a coin issued in Pawtucket.  That's it for Rhode Island for depression scrip.  The coin is unique and was issued more as a discount of 5 cents on the purchase of every $1 spent during a celebration for President Roosevelt on March 4th, 1933.  There is even a newspaper article showing the coins in paper envelopes being dropped from an airplane on the crowd at the celebration.   Here's one of the envelopes.  These show up on ebay ever so often.

bostonnotes.jpg 

There's alot more notes issued in Boston Mass.  Here's a quick check list....

bostonnotes.jpg 
Also, as a side note, the Boston Clearing House notes have a quirky thing that most people don't realize.  The prefix on the serial #'s each denomination spells out BOSTN.

$  1 starts with B
$  5 starts with O
$10 starts with S
$20 starts with T
$50 starts with N

There was some debate about a note between the $20 and $50 notes, but that's unlikely.   My argument is it's also unlikely as they would not of repeated the prefix from one denomination to another since the $5 already uses an O.  Besides that, what denomination between 20 and 50 would make sense?  Also, since the Boston Clearing House notes were never issued is also another reason that there is no missing denomination.   If there is one, it would of shown up by now.  Many many years ago, a hoard of these notes was found and sets were put together.  That's why these are very common and you almost always seem them as a full denomination set.

There are some pictures of the Boston and Rhode Island notes on my website - http://www.depressionscrip.com
Come see a forgotten piece of history...
http://www.depressionscrip.com
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Cinch
Thanks Rod, that's great information! If you ever run across one of those Bristol notes, let me know!
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tigertrader

Good to see you Rod!!! 

You just show back up and drop all the answers with detailed information! Classic Rod! ðŸ˜Ž
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