Salem, OR 1897 Labor Exchange Note, Branch No. 108, 1/4 Unit, S.N.42, Very Fine, PMG30-EPQ

# 5165
Historic Alternate Currency

A very historical item of 19th century political and financial Americana. These notes bear quality engraving and printing. This example of Branch #108 in Salem, Oregon was for one quarter unit of labor. Dated 1897, Serial Number 42, a choice note graded Very Fine 30-EPQ by Paper Money Guarantee.

The Labor Exchange was a worker's cooperative organized in 1890 by G.B. DeBernardi. The notes could be exchanged for labor or for goods produced by labor that were stored in central warehouses. In spite of significant initial growth, the collective enterprise failed in 1901.

A customer has purchased this item or placed it on hold. Call to confirm availability.