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 On December 5, 1931, the Citizen's Bank of Tenino (pronounced 10-9-0), Washington failed and created a shortage of money. The Chamber of Commerce decided to issue scrip money to use until the shortage was over. Some of this scrip was printed on pieces of "slicewood." In 1933, Blaine, Washington issued round wooden coins when their bank failed. These were the first issues of wooden money in the U.S. The saying "Don't take any Wooden Nickels" may come from the wooden nickels used at state fairs and centennials. These wooden coins were often used all over town during the fair since everyone knew they could spend them at the fair. During the last few days of the fair people would stop accepting wooden money in town because they might not get a chance to cash them in before the fair ended. |
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