City Scrip Issued in the 1850s
Type 1 Payable when funds in Treasury
In 1853 Chattanooga Alderman Dr. Joseph S. Gillespie suggested an interest
bearing scrip which was traded until 1859 when the ordinance was repealed.
The scrip was basically a sound financial measure to allow payment of
expenses over the tax year until city taxes were paid.
The interest bearing scrip was signed by the first treasure(1852) of
Chattanooga, John A. Hooke. He also served as Justice of Peace.
$1.40 Corporation of Chattanooga scrip, February 15,
1854
Resoration by Christine Young October 20, 2006: Removed
tape films with a heptane bath and adhesive with acetone.
Mended with Tenjujo
paper and wheat starch. Misted reverse with distilled water then flattened
between blotters under weighted glass.
$2.25 Corporation of Chattanooga scrip, October 1, 1857
Courtesy Chattanooga-Hamilton County Bicentennial Library
Chattanooga Scrip, Acc 28
$2.25 Corporation of Chattanooga scrip, October 1, 1857
back endorsement
Courtesy Chattanooga-Hamilton County Bicentennial Library
Chattanooga Scrip, Acc 28
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