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5 Dollars - City of Long Branch Scrip City of Long Branch, New Jersey
| Issuer | City of Long Branch, New Jersey |
|---|---|
| Year | 1934 |
| Type | Vouchers |
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|---|---|
| Obverse lettering | SCRIPT The City of Long Branch New Jersey Acknowledges its indebtedness to Bearer in the Sum of______FIVE DOLLARS_______$5 This Certificate is transferable by delivery and bears interest at a rate of 5% per annum from the date of issue to the date of acceptance in payment of taxes, assessments or other charges which may be due to the City of Long Branch and if not used will be paid and redeemed on a date to be here-after fixed by the board of Commissioners of the City of Long Branch not later than December 31st, 1934. Dated May 1, 1934 CITY OF LONG BRANCH BY_________ Mayor Countersigned By_____________ Director of Revenue and Finance American Bank Note Company |
| Reverse description | The reverse is dominated by a large central guilloche medallion of intricate lathe-work, rendered in steel-blue intaglio, with a symmetrical floral rosette at its core surrounded by overlapping petal-form lobes. Flanking scrollwork volutes extend laterally, and fine ruling borders frame the composition above and below. |
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| Comments |
Long Branch issued this scrip in 1934 under the emergency relief provisions that proliferated across American municipalities during the Depression, when cash-strapped local governments lacked the liquidity to meet payroll and vendor obligations. The City of Long Branch was among hundreds of issuers that turned to scrip as a stop-gap, though New Jersey municipalities were notably active in this — the state had relatively permissive attitudes toward such instruments compared to some neighboring jurisdictions.
The American Bank Note Company's involvement is worth noting. Most Depression-era municipal scrip was a crude affair, produced by local job printers. Commissioning ABNC was an unusual expenditure for a distressed city, and suggests Long Branch intended these notes to circulate with enough public confidence to actually function — which cheap-looking scrip frequently failed to do.