Description: 1911 canada 25 cents. Before banks were established in remote regions of Canada, paying employees involved shipping currency long distances into wild and often unruly regions. The alternative to this risky enterprise was for the company to issue its own money. This private merchant currency was called scrip and could be redeemed for products at the company store and even frequently in the local economy. When employees returned from the bush, they were able to redeem their scrip for cash at the company head office. Established in 1900, the Grand River Pulp and Lumber Company operated a mill at Hamilton Inlet at the mouth of what is now the Churchill River near Goose Bay, Labrador. From 1902 to 1911, the company issued this scrip currency to pay their lumber workers. The denominations are each different colours and feature a central vignette of two lumberjacks operating a whipsaw. Halifax lumberman Alfred Dickie applied to Newfoundland for a timber licence for his Grand River operation, however the Quebec government lodged a complaint, claiming it was on Quebec territory; they even went so far as to stamp Dickie's logs as Quebec lumber. Newfoundland refused to cancel the licence and a long, drawn-out border dispute ensued. Quebec and Newfoundland took the case to the British Privy Council in 1904, which finally ruled in Newfoundland's favour in 1927.
Price: 300 CAD
Location: Kitchener, Ontario
End Time: 2024-12-30T06:29:27.000Z
Shipping Cost: 14.25 CAD
Product Images
Item Specifics
Returns Accepted: ReturnsNotAccepted
Circulated/Uncirculated: Circulated
Denomination: 25C
KM Number: 25
Country/Region of Manufacture: Canada
Certification: Uncertified
