Monday, Mar. 14, 1932

Coin of Tenino

STATES & CITIES

"Don't take any wooden money" is a traditional piece of rustic advice. But last month, when the bank failed at Tenino, Wash., ten miles from Olympia, two doctors and a newspaper publisher issued coins cut out of veneer plywood and Tenino took them. Security for the wooden coinage was the town's faith in these three men and the dividends which the collapsed bank will pay when its affairs are liquidated. Last week Tenino's money was not only as good as gold; it was better. Numismatists were offering as high as one U. S. dollar bill for one of Tenino's plywood 50-c- pieces.

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