Mention the expresse terms “Visa” or “MasterCard” and almost everyone will recognize them as bank cards. Mention the language “Flickers” or “Clacker” which is most most likely that you will see numerous confused appearance. These and different other terms were utilized for scrip. Scrip ended up being utilized as a method of change rather than difficult cash, and it also ended up being granted in paper type as discount coupons or metal rounds called tokens.
Those of us who’re acquainted with coal mining realize that scrip had been the coal miner’s cash or his “charge card.” Like today’s bank cards scrip came in lots of designs, but scrip could never be used global because its use had been often limited by the organization shops regarding the issuing mines. The absolute most significant years for coal mining into the Big South Fork lay ahead utilizing the coming of Michigan company guy Justus S. Stearns. Well-known as a lumber business owner in Ludington, Michigan, Stearns became thinking about the virgin timber regarding the Tennessee-Kentucky edge in the top South Fork. Ultimately, he’d purchase 50,000 acres in Tennessee and 25,000 acres in Kentucky which may end up being the begin of a lumber company, a coal mining procedure, and a railroad.
The Stearns that is first coal was Barthell constructed on the banking institutions regarding the Roaring Paunch Creek, in 1902.
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