Show Its It's Use I Scrip Its It's The present indications are that we will wm have to use a new kind of money temporarily in in- inthe the transaction transaction transaction trans trans- action of business Scrip is emergency emergency emergency em em- money though it is not fiat money It is backed not by gold or silver but it is issued by groups of banks known as clearing clearing clear- clear ing bag house associations and has behind it only the combined strength of these banks banks' assets In 1907 when Theodore Roosevelt Roosevelt Roosevelt Roose Roose- velt was president we had a condition condition condition con con- somewhat similar to what we have now At that time Clearing house certificates were used and business moved along about as usual Out her in the Uintah Basin we were hardly aware that there had been any change in tn the money system |