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1 Dollar - City of Lincoln Park Scrip Wayne County, Michigan
| Issuer | City of Lincoln Park, Wayne County, Michigan |
|---|---|
| Year | 1934 |
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| Value | 1 Dollar (1 USD) |
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|---|---|
| Obverse lettering | Date Issued June 15, 1934 CITY OF LINCOLN PARK SERIES WAYNE COUNTY, MICHIGAN FOR VALUE RECEIVED WILL PAY TO BEARER THE SUM OF ONE DOLLAR On or before the fifteenth day of November, 1934 with interest on full elapsed months at the rate of (5%) per cent per annum at the office of the treasurer of the city of Lincoln Park in payment, in lieu of money, of delinquent and 1934-35 general City taxes. City ordinance NO. 53 provides that this note shall not be discounted. This note is one of a series totaling $28,000.00 and is issued under authority of act NO. 26 of the public acts act of 1931 of the state of Michigan, as amended by act NO. 46 of the public acts of 1933 and is authorized by council resolution of said city on May 28, 1934. Sufficient collections of 1934-35 city taxes will be set aside in a sinking fund to pay this note when due. This note is callable for payment at the option of the City on ten days notice published in the official newspaper. Interest will cease on date specified for payment in said notice. CITY OF LINCOLN PARK CITY CLERK_____________________ MAYOR________________________ |
| Reverse description | Entirely printed in green, the reverse carries an elaborate engine-turned guilloche border of scalloped wave patterns surrounding a central rectangular panel. A large concentric lathe-work rosette occupies the centre of the panel, flanked on each side by a fine geometric trellis underprint. |
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Depression-era municipal scrip issued by Lincoln Park — a small industrial suburb just south of Detroit — at the absolute nadir of Michigan's banking crisis. Wayne County had been ground zero for the national bank holiday declared by Roosevelt in March 1933, and many communities in the county were still operating without functional banking infrastructure well into 1934. Scrip like this filled the gap, circulating locally as wages and payment for municipal services when hard currency simply wasn't moving.
Lincoln Park's scrip issues from this period are among the lesser-documented Wayne County municipals — the city's records from the emergency period are incomplete, and surviving examples tend to surface without provenance.