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The E-Sylum: Volume 11, Number 24, June 15, 2008, Article 4

NEW BOOK: A CATALOG OF PANIC SCRIP OF 1893, 1907 AND 1914

The following excerpts are reprinted with permission from Neil Shafer's column Books, books and more books! in the June 2008 issue of Bank Note Reporter. -Editor
Of the two subject areas I would like to discuss in this column, Id first like to bring you up to date on a project I have been involved with off and on since the early 1990s. Thats why there are quotes on the word new- but we have finally come to a point of virtual readiness for public unveiling. Its title will most likely be A Catalog of Panic Scrip of 1893, 1907 and 1914.

Youve read about it before, probably in this column, though I have no specific recollection of ever having dealt with it in any depth. The exact subject has to do with those emergency issues of scrip dating from economic difficulties of 1893, 1907 and 1914. These notes were issued all over the country and are now widely scattered; it took a great deal of searching as many public and private collections as well as auction sales as we could find in order to produce a comprehensive listing. I am pleased to say that work has progressed to the point that I have been discussing the possibilities of publication with several offices, and I hope to know in the near future who will agree to tackle this job. There are three of us who have been working together on this subject area for a number of years. Douglas Corrigan has produced a census of any and all known 1907 issues, and this has been an invaluable tool in my preparation of the master listing now finished. The third member of our troika is Tom Sheehan, who has done some significant writing on the historical background of these issues and who has been a devoted collector and researcher in this area for many years.

The major parts of the book consist of separate sections dealing with the main three dates as mentioned above. But along wit these sections are several others that we thought were important enough to be included. These are titled Miscellaneous Scrip of the Approximate Periods (issues not specifically related to the major areas but still significant enough to be listed); 1907 Parody Issues (political notes relating only to 1907); and an Appendix composed of reprints of some significant earlier writings on panics and scrip issues.

1907 Panic Scrip




Wayne Homren, Editor

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