Wednesday, November 20, 2013

Neal Adams at Dragons Lair

Neal Adams was in town for Comic Con, signing his art at our favorite comics and fantasy store Dragons Lair.  If you are not a fan of comics, then you do not know the radical and innovative work that Adams brought to the industry.  It is enough to say that of all the great artists of the Silver Age, he worked as an independent contractor to both Marvel and DC. See Wikipedia here.


I bought an autographed print of this for my wife 
who, as a systems security professional, 
is a fan of Batman.

Neal Adams explains the pricing
to fans at Dragons Lair
in Austin, November 20, 2013


Sunday, November 17, 2013

Stadtluft macht frei

"City air makes you free" is a secular prayer from the Middle Ages. If a serf could evade re-capture for a year and a day, the manor lord's bond was broken. Freedom is the ability to choose; and the city offers a multiplicity of choices. You can make yourself anew in the city. We do not question the fact that in our popular culture, all of the superheroes have secret identities and live in cities: Superman's Metropolis; Bruce Wayne in Gotham; The Green Arrow in Star City; Jay Garrick, Barry Allen, Wally West, and Bart Allen in Keystone City... 


Frost Tower from the Scarbrough Building


Bank of America Building from the Scarbrough Building


The Littlefield Building from the Scarbrough Building.
In 1910 they competed to be the tallest,
though limited by law not to surpass
the State Capitol.  The Littlefield is Beaux Arts.
In 1930 the Scarbrough was updated to an
Art Deco interior.
The German word is Wolkenkratzer: Cloudscraper.
ALSO ON NECESSARY FACTS
Around Austin
Austin at Night
Formulas for Success
South by Southwest 2013
Images from SXSW 2013
South by Southwest 2012

Sunday, November 10, 2013

Minimizing the Likelihood of Bad Cops

Recent stories touted by Glenn Beck and flashing across the patriotic blogosphere tell of egregious transgressions by city police officers.  Put your search engine to work on "police violence" or "police corruption" and like the paradox of the marching Chinese, the stories will continue to appear faster than you can read them all.  But the fact is that typically a police officer candidate submits about 40 pages of background in an application. After that investigation, after passing an accredited academy, and after probationary periods and required reviews, some sheep stray from the fold.  Is it the individuals, or the system, or something deeper?



My first class in criminology in 2005 was "Ethics for Criminal Justice" at Washtenaw Community College.  Initially, the syllabus said that we were going to look at police corruption in New Orleans, but Hurricane Katrina hit, and our instructor wanted to give the city time to recover.  The irony is inescapable.

In 2008, completing a bachelor of science in criminology at Eastern Michigan University, I had a required senior class in police organization.  For both that first and last class my research into police corruption found that it is known everywhere, and some places have more of it than others. That opens a sociological or anthropological investigation: why do cultures differ? Physical environment and population can be similar, but outcomes can be pleasantly or horribly disparate.  While police corruption is known in Minneapolis their police force seems to suffer less from moral failures. 

We know at the individual level that female officers write more traffic tickets than do male officers.  Females also have statistically fewer complaints lodged against them by the public.  Education also makes a difference: officers with college education (2-year or 4-year) write more tickets than those with just high school diplomas.  Also, educated officers have fewer complaints lodged against them.  It would seem that the ideal police force would be comprised largely of women with college degrees. 



ALSO ON NECESSARY FACTS
The Fallibility of Fingerprinting
Junk Criminology in the Courtroom
Eyewitness Testimony: Popper, Wittgenstein, and the Innocence Project
Systemic Injustice
Employee Theft
Criminalistics: Science or Folkway?
A Forensics Bibliography

Wednesday, November 6, 2013

Money as Press and Speech

Just as coins spoke the language of politics in ancient Rome, industrial England, and the USA of the antebellum era, paper money also carried political messages.  The notes of the American colonies in revolt announced “American Congress / We are One” and “Mind Your Business” and “When it is over, then we will rest” (Cessante Vento Conquiescemus) and “Issued in Defence of American Liberty”. The North Carolina $40 note of 1778 honored “Freedom of Speech and Liberty of the Press.” 


Atlas on the back of a $50 North Carolina 1778

(Early Paper Money of America, 5th edition, by Eric P. Newman)


Vulture tears bound Prometheus $70  North Carolina 1778. 
(Early Paper Money of America, 5th edition, by Eric P. Newman)


Printers on the back of a 50 kronur Iceland 1981
Iceland has the world's highest literacy level
as measured by
the number of books published per capita
in the native language

Krypho Scholeio: The Secret School
200 drachma Greece 1996
Christians study while living under Muslim domination

10 Forint Hungary 1969 (series of 1957)
Sándor Petőfi participated in the 1848 liberal revolution.
He is considered Hungary's national poet.
Wikipedia here
He also appears on the 50 Pengo of 1932.

Independent Bulgaria's first printing press
on the back of a 50 Leva series 1992
honoring Hristo Danov who was "the Bulgarian Gutenberg"
after liberation from Turkey in 1878.

Antoine de Saint Exupery on the back of a 50 Franc 1993. 
The author of the whimsical Little Prince also wrote about his experiences 
as a mail pilot in Night Flight, and Wind, Sand, and Stars, and other books.
 A friend of Anne Morrow and Charles A. Lindbergh,
Saint Exupery returned to France in 1940 to fly for the Free French.
He was shot down over the Mediterranean.


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Tuesday, November 5, 2013

Raymond Loewy

Today's Google Doodle celebrated the 120th birthday of Raymond Loewy, the father of industrial design. 


Raymond Loewy is called “the father of industrial design” for a reason.
He took ugly consumer items — pencil sharpeners, refrigerators — and made them beautiful.
He designed cars that were a decade or more ahead of their time.
He created kitchen appliances, crockery and furniture,
and did design work for Greyhound, the U.S. Postal Service and NASA.

(The website cataloging his work is here.) 
"I waited for the S-1 to pass through at full speed.
I stood on the platform and saw it coming from the distance at 120 miles per hour.
It flashed by me like a steel thunderbolt, the ground shaking under me,
 in a blast of air that almost sucked me into its whirlwind.
Approximately a million pounds of locomotive were crashing through near me.
I felt shaken and overwhelmed by an unforgettable feeling of power,
by a sense of pride at what I had helped to create.
I had, after all, contributed something to a great nation
that had taken me in and that I loved so deeply.
And I had come a long, happy way myself from my start in fashion advertising.
I had found my way of life."
Every artifact speaks to us, reflects us.  Loewy delivered the 20th century.  He was not alone but his sense of vision brought form to thousands of common items.  And they inspired a century of material progress that nurtured and rewarded the common (and largely unstated) belief that we can and will make a wonderful future.

PREVIOUSLY ON NECESSARY FACTS
The Genius of Design
Space is the Place: Come to the High Frontier
Jack Kemeny Knew: We Shall Have Computed
The Cure for a Failing Empire
The Science of Liberty


Sunday, November 3, 2013

god is not Great

god is not Great: How Religion Poisons Everything by Christopher Hitchens (New York: Twelve, 2007) delivers a coordinated series of complaints with deep merit, each of them fashioned by insight, reason, and experience.  That experience defines the reasons for the insights.

This is Hitchens’s own personal accusation of immorality against all religions. As a prosecutor, he accepts no plea bargaining from the perpetrator.  The crimes committed are documented and often stipulated. Hitchens' begging of us to condemn the malefactor is not enough. For all he cares, ultimately, the guilty should go free lest the innocent suffer unjustly.  While he accuses those who are evil, he grants (always tangentially) that many people live well because of their religions. 

That said, Hitchens remains uncompromising in his charges against Jews, Christians, Hindus, Muslims, and Buddhists. (Lesser populations draw fewer references.) At the same time, he advocates for reason, reality, the Enlightenment, and humanism. This is not the perfect book to convert the unenlightened. That claim could only be made for a holy book. 

Ethics and morality are central here. Metaphysics does not get much attention. If the universe – alternate time lines and parallels and all that – the entire Universe is all that exists, then anything outside of existence would not exist.  How could any entity outside of existence create  the universe? That is not one of his points.  Hitchens does cite (page 71) the argument of infinite regression: what created god? He quotes William Ockham page 68 et seq., after taking us to an encounter between Napoleon Bonaparte and Pierre-Simon Laplace. Laplace had constructed an orrery, a model of the solar system.  “Where is God?” asked the emperor. “I do not need this hypothesis.” (“Je ne pas besoin de cette hypothèse.”)  

http://www.arm.ac.uk/orrery/
 Among the many insightful theses about God, the Catholic Encyclopedia cautions us that when we say that a brave man is a lion we understand that as an analogy. So, too, when we say that God is infinite or eternal or all-loving or all-knowing are we only expressing by analogy what we truly cannot understand.  But religionists do not torture and kill people over admitted analogies. They claim absolute knowledge and the right to destroy in the most horrible ways those who disagree with their highly putative assertions. Perhaps some un-analogilizable Aristotlean quintessence was the creator of the hyperspace wormholes traversed by Carl Sagan's Ellie Arroway. Do you believe that such an entity cares about who occupies the Gaza Strip, Northern Ireland, or Tibet?

Traditionally, atheists have a well-known attack in pointing out that other assertions about God are internally contradictory or mutually exclusive. Can God make a stone so big that He cannot lift it? Can God change his mind so that he will not know in advance what he will do next? Omniscience and omnipotence cancel each other. The Catholic Encyclopedia addresses those, also. Hitchens does not. 

He also fails to find the center of the target when admitting to the atrocities committed by communists who were atheists. Any one of Lenin, Stalin, or Mao Zedong, among others, were worse by orders of magnitude than the sum total of all deaths attributed to the Inquisition and the Crusades combined. Though not on the bull's-eye, Hitchens does find the target.
When I was a Marxist, I did not hold my opinions as a matter of faith, but I did have the conviction that a sort of unified field theory might have been discovered. The concept of historical and dialectic materialism was not an absolute and it did not have any supernatural element, but it did have its messianic element in the idea that an ultimate moment might arrive, and it most certainly had its martyrs and saints and doctinaires and (after a while) its mutually excommunicating rival papacies. It also had its schisms and inquisitions and heresy hunts. I was a member of a dissident sect that admired Rosa Luxemburg and Leon Trotsky, and I can say definitely that we had our prophets... 
... But there came a time when I could not protect myself, and indeed did not wish to protect myself from the onslaught of reality. Marxism, I conceded, had its intellectual and philosophical and ethical glories, but they were in the past. Something of the heroic period might perhaps be retained, but the fact had to be faced: there was no longer any guide to the future. In addition, the very concept of a total solution had led to the most appalling human sacrifices, and to the invention of excuses for them. ... 
...  There are days when I miss my own convictions as if they were an amputated limb. But in general, I feel better, and no less radical, and you will feel better, too, I guarantee, once you leave hold of the doctinaire and allow your chainless mind to do its own thinking.  (Page 151)
Near the end, in Chapter Seventeen, he takes on "An Objection Anticipated: The Last-Ditch 'Case' Against Secularism." There he cites The God that Failed, edited by Richard Crossman, which contains essays by Arthur Koestler, Andre Gide, and other former communists. Hitchens acknowledges that totalitarian ideologies bring religion to earth with central doctrines, orthodoxies, and claims of infallibility.

Although he admitted to finding The Virtue of Selfishness to be the best of Ayn Rand’s works Hitchens had contempt for her fiction and most of what she advocated.  Nevertheless, this from him could have come from her:
“Until relatively recently, those who adopted the clerical path had to pay a heavy price for it. Their societies would decay, their economies would contract, their best minds would go to waste or take themselves elsewhere, and they would consistently be outdone by societies that had learned to tame and sequester the religious impulse. A country like Afghanistan would simply rot. 
Bad as that was, it became worse on September 11, 2001, when from Afghanistan the holy order was given to annex two famous achievements of modernism – the high-rise building and the jet aircraft – and use them for immolation and human sacrifice. The succeeding stage, very plainly announced in hysterical sermons, was to be the moment when apocalyptic nihilists coincided with Armageddon weaponry. Faith-based fanatics could not design anything as useful or beautiful as a skyscraper or a passenger aircraft. But, continuing their long history of plagiarism, they could borrow and steal those things and use them as a negation.” (page 280)
Hitchens was a rationalist and a materialist. Time and again through all of his writings, he appeals to the critical judgment of his reader.  For Hitchens, writing was a conversation between two people. His thesis here is that many people live well and do good by others often because of their own religious experience; and so do non-religious people.  But only religion can justify the horrors perpetrated since its inception, and can only do so exactly because it is not reasonable, not rational, not logical, not empirical, not evidentiary, and not objectively true.

Previously on Necessary Facts


Thursday, October 31, 2013

Industrial Medals a Currency of Fame

Most people call it “coin collecting” but numismatics is the art and science that studies the forms and uses of money. That includes money-like objects, which we call “exonumia.”  Examples occupy the latitudes from merchant tokens and bus and bridge tokens to medals including military orders, such as the Congressional Medal of Honor.  The art medal was invented in 1439 by Antonio di Puccio Pisano (called “Pisanello”). The occasion was for the Emperor at Constantinople, John VIII Palaiologos, who came to Italian cities to negotiate treaties. (The standard reference is The Currency of Fame: Portrait Medals of the Renaissance by Stephen K. Scher, which is a catalog of the Frick Collection in the U.S. National Gallery of Art.)

The plethora of adverting exonumia has no easy taxonomy.  The Krause Standard Catalog of United States Tokens 1790-1900 by Russell Rulau assigns them to a dozen classes, but then must have another genus for mavericks. Within the classes – Advertising Checks, Counterstamped Coins, Poker Checks, Tool Checks, etc. – physical shapes exceed the limitations of Federal coinage: rectangles and hearts are statistical likelihoods.
41 mm reeded edge non-magnetic. 
Obverse: Durango Silveton Narrow Gauge Railroad.
(Steam from stack of engine with snow plow mounted at front.) 

Reverse: "Durango Rotary Club / Service Above Self /  
This coin is good for two dollars in trade at cooperating businesses 
in Durango through April 30, 1984. / High Noon Club” 
"Durango was founded by the Denver & Rio Grande Railway in 1879. The railroad arrived in Durango on August 5, 1881 and construction on the line to Silverton began in the fall of the same year. By July of 1882, the tracks to Silverton were completed, and the train began hauling both freight and passengers."The line was constructed to haul silver & gold ore from the San Juan Mountains, but passengers soon realized it was the view that was truly precious."This historic train has been in continuous operation for 131 years, carrying passengers behind vintage steam locomotives and rolling stock indigenous to the line. Relive the sights and sounds of yesteryear for a spectacular journey on board the Durango & Silverton Narrow Gauge Railroad."
All Aboard Magazine online here the official magazine of the Durango & Silverton Narrow Gauge Railroad.

 33 mm aluminum. Plain edge. 
1934 Chicago Century of Progress.
Obverse: Union Pacific Lucky Piece

Art deco Union Pacific engine.
Reverse legends: “Sample of the aluminum in the new Union Pacific train
built by Pullman Car & Mfg. Corp.” 

1929 trademark Norman shield with ACOA and ALCOA 
with stars in corners.
“Aluminum Company of America"

in exergue: "GREENDUCK, CHI"
Manufactured by Greenduck of Chicago (about that company here on E-Sylum of the Numismatic Bibliomania Society.)  One million given out at fair.

34 mm aluminum 4 mm height. plain edge
Obverse: Heavy machine press with BLISS name.
Legend: "Bettering the Standard of Value Since 1857"
Reverse: Standard US Bicentennial logo and legends.
Though he began building machines in 1857, E. W. Bliss founded his firm in 1867. Reorganized several times, a vestige still operates as Bliss Clearing Niagara in Hastings, Michigan, specializing in the repair and maintenance of industrial metal presses.  Bliss created primary production tools, machines that made other machines. They also produced military ammunition and a wide range of large and small containers made of sheet metal. For a short time around 1906, at their main office Brooklyn, New York, plant they manufactured an automobile.
E. W. Bliss Company on Wikipedia here:
“Walkabout the Lords of Owl’s Head” at the Brownstoner blog
See also the online sales catalog of the Sterling Machinery company.
(Not to be confused with Bliss Machines, founded 1987 outside Buffalo New York by Bill and RandyKanner.) 

J & L Steel. 35 mm non-magnetic plain edge. Spinner. 
Obverse: “YOU [up arrow]  WIN WITH J & L STEEL STOCKS” 
horseshoe and shamrock.
Reverse: “For dependable warehouse service 

call Walnut 1-0470.” J&L Steel in square.
 Every artifact gives evidence to the full context of its culture. A spinner is a coin struck with a raised center point. On the reverse side, an arrow points outward. “You pay” it says. Nicer variations such as “You win!” mean the same thing.

Founded in 1852 by B. F. Jones and Bernard Lauth as the American Iron Company outside Pittsburgh. James H. Laughlin bought out Lauth’s interest. Before 1861 and the firm was renamed in its new offices at Third & Ross in downtown Pittsburgh.  Growing up in Cleveland in the 1950s, our home was so close to the mills that late at night with the windows open, I could hear the yard engines working.  At its peak in the 1970s, the Cleveland facilities employed 4,000 people and produced 3 million tons of steel annually.
See also Wikipedia here

 Bronze 75 mm (3 inches). Extremely high relief.
Plain edge with incuse “Medallic Arts Company Bronze.”
Obverse: “Serving the Graphic Arts / 1906 – Fiftieth Anniversary – 1956”
“Pitman” (At left above P engraver’s name: Harold M).
Center: in Wreath: Camera, Press, Engraver’s hand with tool.
Reverse: three scenes: “Photo Engraving”: “Lithography”: “Rotogravure”.
Center triangle with center circle Camera and operator.
 
 Harold M. Pitman founded the company in Chicago in 1907. Starting out by himself, he made and sold steel dies and copper plates to engravers. Pitman celebrated its 100th birthday in 2007. Agfa Gevaert Group acquired Pitman for $80 million on July 15, 2010.  The Pitman brand is still seen at 16 sales and operations offices in the USA.

38 mm. Silver. Reeded edge.
Obverse: “Sierra Ball Pens” on Mountain. “Faber Castell / 1986” below.
Reverse modeled on Morgan Dollar.
Legends “
United States of America One Troy Oz. / .999 Fine Silver.”
"Faber-Castell, established in 1761 by the cabinet maker Kaspar Faber (1730-1784), is one of the oldest industrial companies in the world.  The company is the world’s leading manufacturer of wood-cased pencils with a varied range of products for writing, drawing and creative design, as well as decorative cosmetics. …  Today the eighth generation family member Count Anton-Wolfgang von Faber-Castell, who took over as head of the company in 1978, has been instrumental in new product development and the expansion of international activities."

"One of its biggest eco-initiatives came in the mid-1980s, when the company started a sustainable tree-planting project in Brazil. Developed on former grassland and nowhere near the Amazon River, the company-planted pine forest provides about 75% of Faber-Castell's wood. After the trees are cut down, they're quickly replaced with seedlings of fast-growing pine species.”

The application of steam engines and machine tools to coin production allowed industrial and commercial firms to celebrate their products, services, trades and crafts with coin-like objet’s d’art.  The first of these were the “British Provincial” series of the 1790s, mostly struck by the Soho Mint of James Watt and Mathew Boulton. In half-penny and penny size, they often promised to pay pounds sterling in return for 480 or 240 brought to London or Birmingham. Their beauty, consistency and cost-efficiency eclipsed anything from the Royal Mint. 

In America, private tokens of the Jacksonian Era spoke to the politics of the day.  They skirted the laws against private money. “Millions for Defense NOT ONE CENT for Tribute” was a common reverse legend.  Through the nineteenth century, thousands of taverns, restaurants, and general merchandise retailers issued “Good-for” tokens.  Essentially, these were ad hoc currencies backed by the goods and services of the issuers. 

In parallel to all of that, many coin-like items declared no value, but only announced the firm. Behind government money and private currencies, numismatics grants only a third place interest to these. Nevertheless, they continue a tradition from the Renaissance to honor oneself and to announce one's achievements to the world.

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Tuesday, October 29, 2013

Tokens of Capitalism

In the popular adventure Pirates of the Caribbean: at World's End, Jack Sparrow and his friends must battle an array of bad guys headed by the British East India Company.  Like the Hudson Bay Company, the BEI certainly had a complicated past that inevitably included the evils of raw colonialism. On the upside, it was a venture; and venture capitalists profit from risks that no one else wants to take. (See Venture Capital on this blog.) Johnny Depp and Keira Knightley are attractive as freebooters. We denigrate the drudgery of billing department commerce; but, as Deirdre McCloskey famously reminds us, we are all bourgeois now.
British East India Company Rupee. 1840 Calcutta).
28 berries W. W. variety Craig 4a.  30.5 mm silver.
We get so used to seeing dead politicians on government money that we have a hard time imagining anything else. Excavations of Ice Age tombs reveal amber, jade, and shells, other objects of no practical use, hundreds of miles from their places of origin. 

Northumberland & Durham 6-pence Token  20 mm 
Payable by John Robertson
Newcastle on Tyne. 1811. (silver)
The stone ages ended about 8000 BC when copper was discovered. From about 3500 BC other metals (including silver and gold) were also found and worked. Cuneiform records from Mesopotamia at about 2400 BC tell of silver being weighed out in payment. This was indirect trade in a material that, like amber and cowrie shells, had no immediate use. Silver and gold are pretty, but not suited for agricultural or hunting tools. By 700 600 BCE, merchants were die-punching nuggets of electrum to mark them so they would not have to be reweighed. It was not long before monarchies and democracies minted coins

Ireland Bank Token. 10d. 22 mm. 1813. Silver.
Craig 9. Seaby 6618. K&M Tn5
Series ran 1760 to 1820.
In the mid to late 1300s life in England had improved to the point where luxury items were over-priced in terms of the smallest silver coins. So, bronze tokens ("counters" or "jetons") from Europe filled a need for small change. Foreign coins were joined by private issues. By the 1600s, the privately issued copper, tin, and lead tokens completely dominated neighborhood trade. It is not surprising, then, that undervalued copper tokens were among first coins minted for American commerce. For nearly 200 years in America, small purchases were carried out in a wild array of private and foreign coinages. Federal government money was not established in household shopping until the 1840s. Through the 1830s, merchants in the East kept their books in pounds-shilling-pence; and Mexican silver was legal tender until 1857. Counterfeit British copper half pennies from the colonial era circulated as money in western Appalachia through the 1830s.

Norfolk Norweb. Dalton & Hamer 23b (no date)
"Prosperity to Old England / More Trade Fewer Taxes"
so-called Vitriol bottle
Copper half penny
Edge: "Richard Tinmore and Son"
If you look back at history, you will see a curious pattern. We can assume that government money is the norm and that tokens are an interesting exception. However, in every time, a variety of moneys carried the needs of daily commerce.  Stores today to pass out "good-fors," aluminum or wooden coins good for some amount of money toward a purchase whether coffee, ice cream, pop corn, or beer.
Canada Maritimes
Charlton Brett 963. 8.16 grams. copper.
The August/September 1993 issue of Mother Earth News featured a cover story about the
"time dollars" of Ithaca, New York, a local currency still in use today.  People there trade services in units of an hour. The idea of denominating money in labor was suggested by anarchists and syndicalists in previous decades. Community money can be found in many towns, including Traverse City, Michigan, where "Bay Bucks" have been circulating for ten years.  
An interesting twist on "time dollars" comes from the policies of the conservative economic journal, The Freeman. Authors are paid 10 cents per word, plus a subscription. Authors can assign that subscription to anyone, thus commoditizing it.

Middlesex. Dalton & Hamer 1012E
from Erskine, Anderskine, and Gibbs
Law firm successfully defended accuseds on charges of treason.
"Erskine and Gibbs and Trial by Jury"
Two men with banners: "Magna Chart" / "Bill of Right"
"T. H. Hardy,  I. H. Hooke, T. Holcroft. I. A. Bonney, J. Joyce, 
S Rid, J. Thelwall, I. Richter. I Baxter
1794.
The shoemaker, Thomas Hardy, was the secretary to the London Corresponding Society. His outspoken support for the French Revolution – including his association with a play called "La Guillotine: or, George’s Head" brought him from his shop at 161 Fleet Street to Old Bailey Prison on charges of sedition.  He was acquitted by his peers and his lawyers struck a token to celebrate their skill and his good fortune.

This narrative was taken from "Money Without Banks and Governments" by Michael E. Marotta, published first by Practical Anarchy, 1994 and then archived at Lloyd Unlimited Numismatics.

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Sunday, October 27, 2013

Money Without Banks and Governments

The Stock Market Crash of 1929 marked the onset of the Great Depression, but it took 30 months for the banks to fail. After all, the stock market had crashed often, sometimes twice in a decade. While the effects were not to be ignored, they were negligible in an agrarian, frontier society.  More than two years of government intervention were required before total economic collapse occurred. And even so, all that was missing was money. Most people had the same assets and liabilities that they held the day before and would hold the day after. What they needed was a medium of exchange. So, the Howell Board of Commerce issued "stamp scrip." In fact, perhaps 12,000 separate communities across the USA and Canada created a plethora of emergency currencies.



The First National Bank in Howell was placed in conservatorship on February 13, 1933. (Michigan governor William Comstock issued a midnight order to close all the banks, lest Henry Ford withdraw his money. Full story on Necessary Facts here.)  The Howell Trade Dollar was issued on February 22. Within two weeks, all 5000 notes were in circulation. This is telling because in order to get one, you had to spend $5. Some people bought automobiles in order to acquire many of them. Other people paid off accounts three years old. The notes circulated for 6 months and were widely regarded as having been successful.
Back of Howell Trade Dollar with Stamps

What made this scrip special and subject to study on the national level is that it depended on the "velocity" of money. The holder of a note had to spend it every three days. When the note was spent, a 2-cent stamp was affixed to the back. After 52 transactions, the note was redeemed by the Howell Board of Commerce for a real dollar. (If the note was not spent, the holder still had to buy a 2-cent stamp.) The idea was to keep this money in circulation.  Stamp scrip in particular and alternative currencies in general were a special interest of Irving Fisher, the creator of the Chicago "monetist" school of economics championed by Milton Friedman.   


The back of this Fostoria, Ohio, scrip has a simple bank endoresement

The notes had a natural tendency to accumulate in the shops of retail merchants. Therefore, they were sold to businesses, school boards, etc., at a 5% discount. Citizens Insurance of Howell was one of many businesses to pay wages in Howell Trade Dollars.

Some of the details of how the scrip was actually used are no longer clear. Some issues show some kind of tally. It is not likely that these are final evaluations, since about half the places are still open. Many of the stamps have double zeroes written across them. The tallies could represent the whole dollar value of the purchase which necessitated the stamp. If so, the 00 would indicate that the stamp was bought as a penalty for holding the note without spending it.

Also, according to the legends on the back of the note, stamps were required every 10 days. The notes seem to have been intended to circulate from July 25, 1933 to December 6, 1934, a total of 509 days, 519 allowing for a 10-day period before the first stamp was due.


During economic depressions, people invent new forms of money to fill the gaps. Two from the 1990s were Time Dollars and Bone Money.

Ithaca, New York, has developed a local currency called "Time Dollars." People there trade services in units of an hour with an hour being worth about $10 more or less. The idea of Time Dollars has been copied by other communities in both the United States and England. As of this moment, Ithaca Hours are alive and well, celebrating over 20 years of continuous use. (See their website here.)


During the Autumn of 1993, people in Berlin saw the arrival of so-called Bone Money, "Knochengeld". The paper notes originated in the Prenzlauer Berg district. This neighborhood is popular with young artists and writers, similar to New York City's Greenwich Village or the Left Bank of Paris.


They called it "bone money" because the numbers were designed in the form of bones. Neighborhood retailers and restaurants accepted these notes. The experiment ran for three months. Then, the remaining notes were sold at an auction to raise money for charity.

Time dollars and bone money may not take the place of the coins and bills you carry, but they have certainly earned their place in history along with wooden nickels, prosperity scrip and Hard Times tokens which were invented during other economic recessions.

This work was taken from these previously published articles.
"The Howell Trade Dollar" by Michael E. Marotta,  Michigan Token and Medal Society Junkbox, Winter 1995
"Homegrown Currency has a Rich Past" from The Northern Express.
"Passing the Bay Bucks" from The Northern Express.
"Creating a Local Currency" the MSNS Mich-Matist, Summer 2004

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