FREE: MINERS SCRIPT

The listing, MINERS SCRIPT has ended.

Some companies paid their miners exclusively in scrip each payday, thereby eliminating the need to keep currency on hand. A miner could request credit by scrip against work performed or work that would be performed. This scrip amount would be charged against the miners payroll account and deducted from his next pay day..
Being paid in scrip was like trying to work off a loan whose interest rate was so high that he was forever in debt. There was no competition in the coal fields and the company stores inflated their prices far above normal rates. By the time rent for the company house a miner lived in, any medical services he needed, utilities, and even a mandatory funeral fund were deducted along with what he had borrowed between pay days, there often was nothing left to collect on pay day.
In the 1950’s many states outlawed the use of scrip entirely and it soon disappeared from use altogether. Scrip is now remembered mostly by those who once were paid with it and by those who collect it as a hobby and a fascinating reminder of years gone by.


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