Company Scrip
   HOME
*



picture info

Company Scrip
Company scrip is scrip (a substitute for government-issued legal tender or currency) issued by a company to pay its employees. It can only be exchanged in company stores owned by the employers. In the United Kingdom, such truck systems have long been formally outlawed under the Truck Acts. In the United States, payment in scrip became illegal in 1938 as part of the Fair Labor Standards Act. In the United States, mining and logging camps were typically created, owned and operated by a single company. These locations, some quite remote, were often cash poor; even in ones that were not, workers paid in scrip had little choice but to purchase goods at a company store, as exchange into currency, if even available, would exhaust some of the value via the exchange fee. With this economic monopoly, the employer could place large markups on goods, making workers dependent on the company, thus enforcing employee "loyalty". While scrip was not exclusive to the coal industry, an estimate ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Coal Scrip
Company scrip is scrip (a substitute for government-issued legal tender or currency) issued by a company to pay its employees. It can only be exchanged in company stores owned by the employers. In the United Kingdom, such truck systems have long been formally outlawed under the Truck Acts. In the United States, payment in scrip became illegal in 1938 as part of the Fair Labor Standards Act. In the United States, mining and logging camps were typically created, owned and operated by a single company. These locations, some quite remote, were often cash poor; even in ones that were not, workers paid in scrip had little choice but to purchase goods at a company store, as exchange into currency, if even available, would exhaust some of the value via the exchange fee. With this economic monopoly, the employer could place large markups on goods, making workers dependent on the company, thus enforcing employee "loyalty". While scrip was not exclusive to the coal industry, an estimate ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Loyalty
Loyalty, in general use, is a devotion and faithfulness to a nation, cause, philosophy, country, group, or person. Philosophers disagree on what can be an object of loyalty, as some argue that loyalty is strictly interpersonal and only another human being can be the object of loyalty. The definition of loyalty in law and political science is the fidelity of an individual to a nation, either one's nation of birth, or one's declared home nation by oath (naturalization). Historical concepts Western world Classical tragedy is often based on a conflict arising from dual loyalty. ''Euthyphro'', one of Plato's early dialogues, is based on the ethical dilemma arising from Euthyphro intending to lay manslaughter charges against his own father, who had caused the death of a slave through negligence. In the Gospel of Matthew 6:24, Jesus states, "No one can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. Ye can ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Tennessee Ernie Ford
Ernest Jennings Ford (February 13, 1919 – October 17, 1991), known professionally as Tennessee Ernie Ford, was an American singer and television host who enjoyed success in the country and western, pop, and gospel musical genres. Noted for his rich bass-baritone voice and down-home humor, he is remembered for his hit recordings of "The Shotgun Boogie" and "Sixteen Tons". Biography Early years Ford was born in Bristol, Tennessee, United States, to Maud (née Long) and Clarence Thomas Ford. He spent a lot of his time in his early years listening to country or western musicians, in person or on the radio. Ford began wandering around Bristol in his high school years, taking an interest in radio and began his radio career as an announcer at WOPI-AM in 1937, being paid 10 dollars a week. In 1938, the young bass-baritone left the station and went to study classical music at the Cincinnati Conservatory of Music in Ohio. He returned for the announcing job in 1939 and did it from 1 ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Sixteen Tons
"Sixteen Tons" is a song written by Merle Travis about a coal miner, based on life in the mines of Muhlenberg County, Kentucky. Travis first recorded the song at the Radio Recorders Studio B in Hollywood, California, on August 8, 1946. Cliffie Stone played bass on the recording. It was first released in July 1947 by Capitol on Travis's album ''Folk Songs of the Hills''. The song became a gold record. The line "You load sixteen tons and what do you get? Another day older and deeper in debt" came from a letter written by Travis's brother John. Another line came from their father, a coal miner, who would say: "I can't afford to die. I owe my soul to the company store." Tennessee Ernie Ford version The best known version was recorded in 1955 by American singer Tennessee Ernie Ford reached number one in the ''Billboard'' charts, while another version, by Frankie Laine in 1956, was released only in Western Europe, where it gave Ford's version competition. On March 25, 2015, ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Folk Songs Of The Hills
''Folk Songs of the Hills'' is a 1947 album by American singer Merle Travis. It is a collection of traditional songs from his home of Muhlenberg County, Kentucky, including original compositions evoking working life on the railroads and in the coal mines. Each song, accompanied by Travis on his own acoustic guitar, is introduced by a short narrative. Because of these characteristics, the album can be considered an early example of the concept album in popular music, along with Woody Guthrie's ''Dust Bowl Ballads'' and Frank Sinatra's ''In the Wee Small Hours''. First issued as a 78 rpm box set album in 1947, this collection has remained in print in LP and CD reissues up to the present, with additional tracks from the same period added in later editions (the original album had eight songs, the most recent edition has 13). ''Folk Songs of the Hills'' is widely regarded as one of Travis' finest achievements. A seminal work in his career, it brought him fame as an interpreter of tr ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Merle Travis
Merle Robert Travis (November 29, 1917 – October 20, 1983) was an American country and western singer, songwriter, and guitarist born in Rosewood, Kentucky, United States. His songs' lyrics often discussed both the lives and the economic exploitation of American coal miners. Among his many well-known songs and recordings are "Sixteen Tons", "Re-Enlistment Blues", " I am a Pilgrim" and " Dark as a Dungeon". However, it is his unique guitar style, still called "Travis picking" by guitarists, as well as his interpretations of the rich musical traditions of his native Muhlenberg County, Kentucky, for which he is best known today. Travis picking is a syncopated style of guitar fingerpicking rooted in ragtime music in which alternating chords and bass notes are plucked by the thumb while melodies are simultaneously plucked by the index finger. He was inducted into the Nashville Songwriters Hall of Fame in 1970 and elected to the Country Music Hall of Fame in 1977. Biography Early ye ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Peerless Coal Scrip
Peerless may refer to: Companies and organizations * Peerless Motor Company, an American automobile manufacturer. * Peerless Brewing Company, in Birkenhead, UK * Peerless Group, an insurance and financial services company in India * Peerless Records, a record company * Peerless SC, professional football club based in Kolkata, India * Peerless Volleyball Club, Lima, Peru * Peerless Faucet, a brand of the Delta Faucet Company * Agricultural equipment manufactured by Geiser Manufacturing Places * Peerless, Indiana, a town in the United States * Peerless, Utah, a ghost town * Peerless, Saskatchewan, Canada * Peerless Building, Fresno Other * Peerless Quartet, an American vocal group * Peerless (UK car), a UK automobile * Peerless armoured car, developed in 1919 * , a removable hard disk of Iomega brand * "The Good Ships Peerless", case of mutual mistake in the English law of contract, more formally known as 'Raffles v Wichelhaus ''Raffles v Wichelhaus'' [1864EWHC Exch J19 often ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  




Coal Town
A coal town, also known as a coal camp or patch, is a type of company town or mining community established by the employer, a mining company, which imports workers to the site to work the mineral find. The company develops it and provides residences for a population of miners and related workers to reside near the coal mine. The 'town founding' process is not limited to mining, but this type of development typically takes place where mineral wealth is located in a remote or undeveloped area. The company opens the site for exploitation by first, constructing transportation infrastructure to serve it, and later to establish residences for workers. Mineral resources were sometimes found as the result of logging operations that established clear-cut area. Geologists and cartographers could then chart and plot the lands for exploitation. Background Usually, the coal camp, like the railroad camp and logging camps, began with temporary storage, housing and dining facilities —tents, sha ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Wage
A wage is payment made by an employer to an employee for work done in a specific period of time. Some examples of wage payments include compensatory payments such as ''minimum wage'', ''prevailing wage'', and ''yearly bonuses,'' and remunerative payments such as ''prizes'' and ''tip payouts.'' Wages are part of the expenses that are involved in running a business. It is an obligation to the employee regardless of the profitability of the company. Payment by wage contrasts with salaried work, in which the employer pays an arranged amount at steady intervals (such as a week or month) regardless of hours worked, with commission which conditions pay on individual performance, and with compensation based on the performance of the company as a whole. Waged employees may also receive tips or gratuity paid directly by clients and employee benefits which are non-monetary forms of compensation. Since wage labour is the predominant form of work, the term "wage" sometimes refers to a ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Worker
The working class (or labouring class) comprises those engaged in manual labour, manual-labour occupations or industrial work, who are remunerated via wage, waged or salary, salaried contracts. Working-class occupations (see also "Designation of workers by collar color, Designation of workers by collar colour") include Blue-collar worker, blue-collar jobs, and most Pink-collar worker, pink-collar jobs. Members of the working class rely exclusively upon earnings from wage labour; thus, according to more inclusive definitions, the category can include almost all of the working population of developed country, industrialized economies, as well as those employed in the urban areas (cities, towns, villages) of non-industrialized economies or in the rural workforce. Definitions As with many terms describing social class, ''working class'' is defined and used in many different ways. The most general definition, used by many socialism, socialists, is that the working class includes all ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Coal Scrip From Hot Coal West Virginia
Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed when dead plant matter decays into peat and is converted into coal by the heat and pressure of deep burial over millions of years. Vast deposits of coal originate in former wetlands called coal forests that covered much of the Earth's tropical land areas during the late Carboniferous ( Pennsylvanian) and Permian times. Many significant coal deposits are younger than this and originate from the Mesozoic and Cenozoic eras. Coal is used primarily as a fuel. While coal has been known and used for thousands of years, its usage was limited until the Industrial Revolution. With the invention of the steam engine, coal consumption increased. In 2020, coal supplied about a quarter of the world's primary energy and over a third of its electricity. Some iron a ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]