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Hawarden script plan draws national attention in 1932
In 1932 Hawarden Iowa faced money shortages and paid workers in script. City council issued 300 certificates each with 36 stamps to be sold, creating a circulating 3 cent stamp currency. Merchants stamped and dated certificates as they circulated, with eight cents left for printing costs. The plan drew pilots from Pathe News and visitors from other towns and states, with economists and editors weighing in on its impact and feasibility.
MENTIONED IN THIS ARTICLE
Charles J. Zylstra
Sioux County
Rock Rapids
Hawarden
Pathe
Irving Fisher
Yale
Iowa
Liberty Magazine
Liberty
Keokuk
Eldora
Waverly
Clear Lake
Ohio
Oregon
Michigan
Missouri
Nebraska
Keokuk County
Burt Monitor
Waverly Independent
Bremer County
Worthington (Minn
Globe
Hawarden Independent
Chas
J. Zylstra
Zylstra
Bsiness