List LandMark INTERNET 1K Jun-14-95

NOT THAT i GIVE A HOOT ONE WAY OR THE OTHER, BUT ARE NOT "LOCAL CURRENCIES"
NOT LEGAL (AND TENDER) SO TO SPEAK?

/S/ Tony
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Date: June 14, 1995 1:17 pm PDT Item: R009aKp

From: INTERNET @CONNECT-INTERNET-GATEWAY

To: HN0186 Nat'l Eco Dev & Law Ctr, CA

Subj: Re: List LandMark

----- ORIGINAL INTERNET MAIL FOLLOWS -----
From: rstone@eagle.liunet.edu
To: COMMUNITYDEVELOPMENTBANKING-L@cornell.edu

Grassroots Economic Organizing Newsletter, of which I am an editor, is
shortly
bringing out an issue on local currencies, LETS, alternative credit
arrangementsand other community-based banking methods. We are covering
Ithica Hours,
in Ithica, New York, Pioneer Valley Dollars out of Greenfield, Mass and
similar
phenomena in the US and Canada. If you have material of interest on this
topic could you send it along? GEO covers the workplace democracy
movement,
especially insofar as it relates to economically and ecologically
sustainable
community development. It is especially interested in producer and consumer
cooperatives of all kinds and varieties.
Bob Stone
rstone@eagle.liunet.edu
snail-mail: Department of Philosophy,
C. W. Post College LIU
Brookville NY 11548

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Sent: June 14, 1995 2:59 pm PDT Item: R009ako


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Local paper currencies are legal, local coinage is not. Extensive case law
study by professor Lou Solomon of Geo Washington University explains
distinctions. They are taxable, and counterfeiting them is prohibited, in
NYS as forgery of a financial instrument.

-- Paul Glover


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Dear Tony,
I understand that local currencies ARE legal, if I understood your
question.
Bob Stone, GEO


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