N&W in 1911--Scrip cards

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Thu Sep 9 22:01:25 EDT 2010


Bluefield Daily Telegraph
March 9, 1911

IN CITY AND COALFIELD
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To Replace Scrip Card System
George E. Smith of Portsmouth, representing the National Cash Register Company, is in the city. Mr. Smith is whiling away the dull time in the coalfields explaining a system of coupons which his company uses with cash registers and which take the place of scrip cards which are used at every coal operation and in all the railroad camps in the coalfields. This system provides a check on the sales which enables the coal company to at once tell how much outstanding scrip it has and how much is used each day. In this way showing clearly the loss which the companies have incurred through the scrip card system. In this section scrip may times takes the place of money in the independent stores and saloons and is cashed by these places at a discount and then traded out at the company stores by the new holders. In this way thousands of dollars worth of scrip is always outstanding. It is a common saying that if some scrip cards were made of celluloid they would last forever, but Mr. Smith claims that his system prevents scrip from being used more than once.
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[Remember celluloid?]

Gordon Hamilton
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