The Daily Alaska empire., 1933-02-02
By j.. R. BRACKETT

NEW YORK, Feb. 2-Unem- ployed America is making a new "money',-not silver coins or green backs-but scrip used to build up barter.
 Products worth millions of dollars are being ''swapped" in the Unit ed States and between $1,000,00O and S2.000.0o0 in some form of scrip money now is in circulation, loccordlng to the estimates of Ja- cob Baker, operations director of the Emergency Exchange associa- lt.on. s
 Many Groups Organized
 About 150 groups are formally organized to facilitate this swap ping which has sprung up from the crossroads to the status oi a real aid to the unemployed. In their further development Baker and others interested in harter's extension envisage the pos- sibility of nationwide interchange O. goods--and possibly the use oi the moneys" of the various ex- changes among themselves to aid the process. Other economists doubt the system will reach much beyond local boundaries.
 Many of the 150 exchanges al- ready are using scrip, others tok- ems, either to represent the goods themselves. or with a real money backing in the form of special stamps sold for cash.
 The Emergency Exchange asso- ciation was organized by a group of business men, economists, en- eineers, lawyers, and industrial consultants, for the purpose oi bringing together idle men and the idle goods which the men want but cannot get through lack Of purchasing power.
 Association Fosters Move
 Among the organizers were John Kirkland Clark, president of the New York State Board of Bar Ex- aminers, Leland Olds, assistant chairman of the New York Stalk Power Authority, Stuart Chase economist; and Frank Graham Princeton University economist. | The association is aiding in the development of exchanges in the east; is correlating information for guidance, of other organizer. throughout the country, and ulti- mately hopes to provide for ex- change of goods and services amona exchanges in different localitie, throughout the nation.
 Barter starts with the simpls swapping of, for instance. wheat for flour; of few hours labol for food As more individuals seel to kill their needs in this manner a group of them will organize mu. tual exchanges for the purpose O finding all possible exchanges thai exist in neighborhood. To thi, exchange, individuals may brins : food, and obtain the labor or oth. er goods they need.
 I Thus in Los Angeles a iobles. lrlan went out to farm and work. led for a farmer for a day. Fo, : his work he received a sack ot vegetables and foodstuffs = more } than he could eat-so he gay, 5 some to his neighbors. Prom thi: and other similar happenings have : developed 83 organized cooperatiy; barter units. affecting 10000 fam. : lies in Los Angeles county. , How It Is Done
 l In Inwood, N ", the unam. ployed got together and exchang- cd goods and services among them. selves and with business psonla They organized a mutual exchanos
 As it grew the organization Of ex- changes became rather difficu,t bookkeeping. To simplify matters Fthe exchanges introduced it's own tsfrip money paid the laborers in Fscrip, and persuaded groeers and cthers to accept it. This nsns, lis redeemable in goods and ser- lvices, and has no other JAl,,o