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This Day in Georgia History

November 03, 1936

Depression Payment in Script

With the city of Atlanta $3,000,000 in debt and facing bankruptcy, the mayor and city council passed a resolution authorizing payment of city employees with script paying 3 percent interest. This deficit - and charges of financial mismanagement against mayor James Key - had allowed William B. Hartsfield to beat Key in his bid for reelection in a September runoff primary.