Glass Works script money

[surfaceone]

Where else but this forum can you have Elvis and Dr. Dyott in the same thread.

Hey Steve.

Ain't it grand...

Say, the slooplike vessel on this note looks a lot like a foreground view of yours:

"New York, New York, Jones Dining Saloon, 25 Cents, no date (1862), H615, two great vignettes include bearded man at left, sailboat with banner “Restless†at top of mast at lower right, serial #147 signed by John Jones, tiny nick out of upper left margin, extremely fine. $250" From that same place.

Does drug store scrip count?

Take a listen to Bill Black's Combo.

"Scotty Moore, last man standing
Photo © courtesy Clayton Ball"

 

[surfaceone]

Hey Steve,

"A sample of the scrip the company issued for redemption at the company store signed by Mr. Corning, one of the company owners."

"A picture of the factory as it appears on the scrip."From Clinton County Museum.

" Although the Batsto glass business was declining noticeably by 1861, the Civil War years were generally prosperous. When the workers struck for payment in cash instead of company scrip in 1867, Batsto was dealt a crippling blow from which it did not recover. When their demands were met, the men returned to their jobs, but within less than three months the Batsto works closed down, never to reopen. The furnaces and most of the other buildings of the village, abandoned and dilapidated, were consumed by fire in 1874. There remained the mansion, with its outbuildings, a few workers’ cottages, the store, and the mill that are standing today, but nothing of the glass factory and its related buildings, nor of the iron works, which had preceded the demise of the glass industry at Batsto by twenty years." From.

 

[Steve/sewell]

Good stuff surfaceone, Batsto like the others shown here are less then 25 miles from my home.Tim I thought the same thing about the horn player
glass blower but Elvis did not have a horn player till the Seventies. We early Elvis aficionado's do not count the seventies because that's when Elvis lost his mind.1968 was the last year Elvis was cool and there was no horn player at that time.[]

 

[surfaceone]

Hey Steve,

Did'ya see this:

"FROM GLASS MOGUL TO BANKER TO BANKRUPT
About 1835, an epidemic swept the country and many prominent business people caught the disease. Unfortunately, Thomas W. Dyott was one of those businessmen. The epidemic was banking, and Thomas W. Dyott’s lack of banking experience did not deter him from jumping into this business with both feet. On February 2, 1836, he started a Savings Fund, with an old friend, Stephen Simpson as cashier. However, Simpson failed to secure a bank charter from Pennsylvania. By May, having deposits totaling $13,000, Thomas W. Dyott opened his Manual Labor Bank at the former location of his drug warehouse (which had moved to 139 Second Street). Part of the reason was to encourage his workers to save money, and partially to have more financial control over the notes that he issued to raise capital for his glass house.
What Thomas W. Dyott did not count on, however, was a general economic collapse. This happened on May 11, 1837, when, in Philadelphia alone, eleven banks locked their doors because of overruns and panics. Not immediately affecting the Manual Labor Bank, because it was a private bank, Thomas W. Dyott made a dangerous step at this point, by issuing small denomination notes, from 5 cent to 3 dollars. Although intended to keep the wheels of business moving, while other banks had closed, this act was illegal by banking laws in effect at that time. This would come back to bite him on the assets!
The general economic decline continued, and finally by the beginning of November in 1837 the Manual Labor Bank began to suffer a run on assets, based on rumors that Thomas W. Dyott was about to close his doors. And quicker than you can say “self- fulfilling prophecyâ€, he needed to file for bankruptcy protection. In most cases, bankruptcy protects the filer from his creditors. But in this case, his creditors were so unhappy, that they brought charges of fraud and swindling against him.
Thomas W. Dyott’s financial dealings during the many years of his various business enterprises were put under scrutiny. His lack of banking and financial experience, coupled with his convoluted business dealings during the years, finally snagged him. The end result was that 11 indictments of fraud were leveled against him and they culminated in his being sentenced to prison for 3 years on seven of the charges, beginning on June 1, 1839
And much like today, by use of the appeals process, he was released from prison, after having served a little less than two years at the Eastern Penitentiary. He was released on May 10, 1841, after having received a pardon from Governor Porter. After being
released from prison, he was promptly re-arrested as a debtor, and sent to the Debtor’s Apartment at the Moyamensing Prison. On May 24th, Thomas W. Dyott was finally released, after a friend, Daniel Mann, assumed a guarantee for his debts. Having lost his bank and glass empire while in prison, Thomas W. Dyott continued to work in the drug stores of relatives until his death at the age 83 in January, 1861." Thanks to Kevin Sives.

 

[surfaceone]

Glass Works scrip money

Hey Steve,

Here's one more

From.

 

[blade]

Dr. Dyott looks like actor Tim Roth

 

[cyberdigger]

Hey Steve.. why do these say "When presented in sums of one or more dollars" ?? Did you have to have at least dollar's worth of these before they'd cash 'em?

 

[Steve/sewell]

I guess he does Blade now that you mention it.I got to get back to work now you guys are killin me.