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V24 2021 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 24, Number 25, June 20, 2021, Article 7

1840 EMMITSBURG, MD SCRIP

Dave Hirt writes:

"Here is a clip from the Frederick News-Post 100 years ago: "that paper money was issued by Frederick County towns 80 years ago was shown by John A. Horner of Emmitsburg. He has three notes issued by the Corporation of Emmitsburg in 1840. One is dated 5/5/1840 is for 25 cents, one dated 5/25/1840 is for 6 1/4 cents, and one dated 5/28/1840 is for 50 cents.."

"Interesting, I must have 20-25 books of different states' paper money, but not my own state of Maryland."

I've always loved the 6 1/4 cent denomination, which harks back to the circulation of Spanish silver fractions or "pieces of eight" - that is, Spanish dollars cut into eight pieces or "bits". "Two bits" is a quarter of a dollar, so one bit is 12 1/2 cents and a half-bit is 6 1/4 cents.

Luckily, I have a book on Maryland scrip here in my library. Here's a poor scan of a similar note pictured on page 357 of From Money & Banking in Maryland, Maryland Historical Society, 1996. -Editor

Emmitsburg MD 1840 scrip 6.25 cents
E-Sylum Northeast ad02 buying



Wayne Homren, Editor

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