Chattanooga
Depression Scrip

American Trust & Banking Co. Depression Scrip

One dollar design
The front of the depression scrip from the four Chattanooga banks is similar. The $1 is printed with a black scalloped border with the value 1 at each corner, the center is yellow with the Bank name at the top with red serial numbers. The scrip is issued for six months from the issue date , March 10, 1933. It is signed by the Vice President and Cashier, Bradley Currey. The notes are punch canceled that read PAID 8-14-33.

American Trust and Banking Company ordered $150,000 in depression scrip; $35,000 in $1 scrip, $75,000 in $5 scrip and $40,000 in $10 scrip from Brandon Printing Company on Wednesday March 8, 1933 and stared issuing it on Friday March 10th.

Five dollar design
The $5 is printed with a blue scalloped border with the value 5 at each corner, the center is yellow with the Bank name at the top with red serial numbers. The scrip is issued for six months from the issue date , March 10, 1933. It is signed by the Vice President and Cashier, Bradley Currey.

Ten dollar design
The $10 is printed with a green scalloped border with the value 10 at each corner, the center is yellow with the Bank name at the top with red serial numbers. The scrip is issued for six months from the issue date , March 10, 1933. It is signed by the Vice President and Cashier, Bradley Currey.

According to Brown's thesis (see Bibliography), the amount authorized was $150,000 and the amount issued $7,342. It was authorized for six months, but saw active circulation a very short time. As of September 4, 1935, the amount outstanding was $21. The scrip is very scarce, I have recorded only 4 notes, 2 $1, 1 $5 and 1 $10 as of 2/17/2015. They are punch canceled.