WARRANTS, etc.
For various
reasons people with money will want to issue their own limited purpose
monetary items. Such things can only be "cashed" in certain circumstances,
which is of course an advantage to the issuer and a disadvantage to the
holder. In the days before instant credit checks, etc. such things
as municipal warrants provided perhaps a couple of days of "float" to the
issuer, as the holder tried to cash it at, say, an out of state bank, only
to be told that the issuing agency was outside of the normal banking system
and the funds would have to be held for collection. This is a worst
case scenario; one could always take the warrant to the town cashier, who
would turn it into "money" if there was any on hand.
230-60.
USA,
NEVADA, Humboldt Co., warrant, 1922 , nice vignettes, large size, aXF
11.50
Click picture for enlargement.
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Bob Reis
POB 26303
Raleigh NC 27611
USA
phone: (919) 787-0881
(8:30AM-10:30PM EST only please)
fax: (888) 503-8308
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