Marquette – Bill Van Kosky will tell the interesting story of “Iron Money,” a paper currency issued by area mining companies when federal currency was in short supply, on Wednesday, January 13 at 6:30 p.m. at the Marquette Regional History Center on Spring Street in Marquette.
This currency solution worked for 20 years until counterfeiters began passing out forgeries. The counterfeiters were quickly apprehended and prosecuted, but their trial set in motion a chain of extraordinary events that brought an abrupt end to the use of iron money, and threatened the solvency of every bank and mining company on the Range.
The event is free to members, and a $5 suggested donation for others.
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