Jenks' Portland gazette. [volume] (Portland, Me.) 1803-1805, 1804-10-15
SNl..L Bills.
FOR TIVE GAZETTE.

FOR TIVE GAZETTE
ma. jxSx, - -
TIE pubic attention having bsen excited, ty cons
ulcation your paper Of the sth infant, on the ubee
Of bills in circulation, ilued by JUN 7aar L Son.
merchants in tbs fo-1e obiervatiot's on the fame
fet by Que who does entertain the fears exprefed
BY the wr,er of that communication, viii be received with
candour and have the elca which naY be due 70 them
The anonymous writer undoubtedi? was influenced by
tic PURGE motives IN R.,ing lis op:ens c tie public,
and in the leaf dpoed 70 feltee upon hio, Ter
attempting however unneceafy, ake the conndeace
hitherto gven.to thoie bills ~.t
thought St. n,erd the pains Of bank bills Of deno
rination e than FIVE dollars i ndecorcus for an indi
yual DO what may lie conhde1ed initiating againie
ihe foiTit of that law i'm anyer 10 which 1t may ne
does BY appear that becaus the le-
glature has cen mt reisrlet incorporated companies IA
certain particulars th therefore ntendea to poie n,s
reretons upon individuals; on the contrary may fairly
be inferred frothe hence of the Legislature towards nd.
vduals that Intended 70 leave them at liberty
this fub, and the citizens may therefore be Outlined in
adopting his coae until they lai be prohibited 10y the
.cgiiaure = 49,
Nor can il be ad with much propriey, that the dfsp-
pearance of ver any degree occacaed by the circr-
lstion of thee bills The truth that the alarming
sse, C ohyouJ and 70 much felt IN the ordinary
change market the cau and the only saue Of
iang private intended for circuaton both in this
town and Bofon Every E1opkeeper End every perion
having occaon st the fhop in tbs town. for the lar
twelve months mn have experienced more or icfs OF the
sbarratne delay and Inconvenience which have reiut-
CT the II o,ne currency lee, ,lsn FIVE dollar
bill It's true You may go to the banks with your bill
bnt TINS pead dniihng, incresies the acu.tv for
they will give you gold only; asd this bedes having the
fame defs abos BIZ, increa.es the delay, by weigh
ing, examining, &C.
In fort NAV venture to fay that he citizers Of this
town. and thoic wao reiort 70 for Anyng and telling,
have found much grea;er facility ntransg their huiines
iucc the q, .iach Of hee bill, than they did before
Every merchant knows that The Disappearance Of FLYER is
owing caues formidable in their nature, than ;ho..
alluded the communicated referred TO.
Nevertheless, If the other objections relied on, are
ariwerable hee os ought 70 be withdrawn rem crcu-
,aton-It tated that not having the words value
ceived in theul The holder would be expoied the
bic Of proving valuable confederation before he could
cover in court Of ass.-Th opinion do net think IS
correct the fael ben, notorious that hce bills were iu-
cd for the purpoie Circulation they beng made paabs
the bearer whoever he may be; there no doubt bur any
jury would preure conhdeaiion and that they
would be put upon the iane footing IN that repece With
bank bills, of which be found The words value
received
Another difficulty Gated is, that in cafe of the deceae Of
The fgner of thee Bills, their Circulation viii be Topped
anil ictt!emen the etaeia take place, and then that
the holders will be iubeet inch dminution r,ay be
orcfoned BY The niovency OF iuch efate This objection
lies with cor6derable wei asain thofe which may
have but lsncr them, but will appear has but little
weight in the cafe under confederation The bills crcu-
ang in this and vicinity, hgncd by John Isbsr
and Son, who known to be Respectable merchants in
coparnerfip. Should Of them de the holder of the
bill is obliged to apply TO his administrator or executor
for payment, the rroiie urvives againt the living
partner, and he may be fued aone and for this purrosc
all the parrne.sp effects and debts under his entire
contro al 10 that when CT theie partners Hall
die any holder Of their notes. who nigh. have his iecry
dminhed by the lo of OF the fgners, may nmedi-
ately turn lis into cath by applying the other
II true that both die 10 each other that there
VIII be>opporunity exeeie this preeauticn but this
would bea cafal;y 70 extraordinary in lis hardly
to be worth taking into she calculation. ~ft
The writer of the communication alfc n;riaes the roi-
Bile loE individuals by receiving counterfeit notes II
is that all paper wei! as pecie is ieeeio this IN
convenience; but upon INFECTION Of the prnsd bills 'aey
isued and which replace all winch have heretofore
gone into circulation It will be ieen tina, icarcsy pob-
Ety OF counterfeting exits The new plate frem whch
their bills ruck, has been purchsf ~ very con'-
cradle expence, of the Ingenious Mr. Perkins. who has
patent therefor from government and the OPINION ei
the inventor, we Of other jrdcous perion thas THIS
plate cannot be cousterseitea
l.. Upon the whole do apprehepd the difficulties on
ubect which have been Gggeisd; aud they do nos
ens w pity that unneceiary ealouiy ihouid have been
excited.
Let thofe who dapprove OF this plan, who are tu-
cous of the bills decline them but ,e Others
who fee evil and who place confidence n the heier
exercife the privilege Of taking and paiing them
AS to the objection that peroIs al property WIZ 'o
low the example OF Nedrs Taher Son. and thus 'npois
upon the public; II iuhcient orepy that iuch bills viii
be taken and therefore no lots will from
them.
With refpea to the profit, doubt whether that eoa'd
be iuhcens motive to incacc the makers OF taeie notes.
to put them IN circulation aac have charity enough
to believe, that the abos neeely which exsted OF tu
plying the market with convenient currency, was at lear
OF their objects for hope therefore that the at
tempt to check her currency viii prevail and that the
public will be ief to the eXercie Of lis diicreson
===-=-
DtssaLIN,s was proclaimed Emperor Of Hay
ii, on the 9Th OF sept. The rsloicings con-
rvoA .hrea l-v ~. ill.,. tNt e