1 Dollar New Martinsville Glass Manufacturing Co. Note, 1932
date: label: date made
content: 1932
notes: label: Description
content: The New Martinsville Glass Manufacturing Company of New Martinsville, West Virginia, issued this one dollar promissory note on February 13, 1932, guaranteed by the treasurer, John F. Martin, and countersigned by the company’s president, Frank Wells Clark. The note was redeemable for a cash dollar sixty days after the issuing date, and this note was promptly redeemed on April 12, 1932. This kind of note is commonly known as Depression scrip. As the name would suggest, notes like these were used during the Great Depression when cash was hard to come by and companies may have had trouble paying their debts. When banks were closing and people were hoarding money, local towns and factories issued their own currency or promissory notes to stimulate the local economy.
label: Location
content: Currently not on view
place: label: place made
content: United States: West Virginia
setName: label: See more items in
content: Work and Industry: National Numismatic Collection
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content: American Enterprise
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content: Coins, Currency and Medals
dataSource: label: Data Source
content: National Museum of American History
identifier: label: ID Number
content: 1979.1263.00003
label: accession number
content: 1979.1263
label: catalog number
content: 1979.1263.00003
label: serial number
content: 7115
objectType: label: Object Name
content: note
physicalDescription: label: Physical Description
content: paper (overall material)
label: Measurements
content: overall: 8.1 cm x 19.4 cm x .01 cm; 3 3/16 in x 7 5/8 in x in