A very historical item of 19th century political and financial Americana. These notes bear quality engraving and printing. This example of Branch #224 in Alliance, Ohio was for one tenth unit of labor. Dated 1897, Serial Number 192, Very Fine.

The Labor Exchange was a worker's cooperative organized in 1890 by G.B. DeBernardi. The notes could be exchanged for labor or for goods produced by labor that were stored in central warehouses. In spite of significant initial growth, the collective enterprise failed in 1901.