Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-02-03
To rHE EDITORS OF the Ws,a
SMALL. NoTpIeerr..'''

= Il.
Gentlemen-This being indeed a i,v,n.
.ne country at large, as we'll as most iniersS,n,
Penod 10 Virginia, have been much nlso,ed =, "'
rom your reports the iudicious move in ,he 80.
,h;. oy Mr.. Crdtchheld, to place the Banks of
'hls state upon some sort of EQUALITY viii IL" "
otner states, by authorizing them TO ;ssns 49,,
hotes ~h'ch Will not only strengthen them in The
hour OF thelr resumption Of specie pavnen,s b., .,
considerable extent enable them 10 con,s;h.,.
cneIl alu 10 the State, as we'll az individuals AMI
H. ' sounu, acceptable currency, that will
oIVe away the mass of Legitimate Trash now 81
cuoung among us, finding It's way into The nocLs,a
% every body, mot excepting the honorab man
oers OF the Legislature themselves, or IN. bnmhis
,ha woman 10 the serious injury, especially Of
But, If authority be granted IN The panl< -
one ana Two dollar notes, the entire local eommn.
my, many OF whom ii mean the mnnuFac,,,r.,s\
require from one TO two or three hundred slon,s.n
Week 10 nav of their hands with in small snn,s
aIl OF whom would Just as soon have IN. email
NOES OF our specie paying Banks, ns sn,c;,. and
, nnIOn description OF notes, necessarily passes
"e various channels oftrdde into a general
eu.teucy' ~ Iieu Of the silver change But NOT ,o
WIN me SILVER dollars, which, as soon ss ibsy .ro
Lawn rom the Banks or other hiding places 6nd
tner way INTO the hands Of foreign 5,oke,s 81
a.e eteL upon The watch, looking out for any thing
1j, ~n'In penny - to be turned; and the conse-
quence ~, that so long as quarter or baI1 Go, -
be made thereby in exchange The snsco - ha Sa,
up ana shipped out Of the State for ,en,;,,.nssS
VI or INC purpose OF Tedrawing upon at biebs, ~.
NUNS therefore, our banks are empowe,sd 70
issue small notes, II will save their specie ns a. as
regards our own population, who will Utmost mi
yefsaiiY take the notes, which will, think imme-
qhiely eIpel the trash now so extensveIv ci,cnIa-
t1hg among Us, thrown out by foreign bank,,s
hali Road and Canal Companies, az well a.
savings Institutions Of the adjoining STATE.
Which notes are unlawiully Circulating ~
very large amount throughout the country and
when sent home for collection, the greater n5rt ~
mem are pronounced spurious and result in so much
sn 70 The makers, and Of course loss To The moo,
WISE acre Virglnians. But further, il is a veil
known TACT that nearly all Of the Eastern States
nave made ~ by gone times, attempts 10 put
yVP " we small note circulation, all Of whom, in
sluulhg me large commercial and specie pavin0
states OF New York and Massachusetts, have re-
sunSu lhe issue Of small notes through their Banks
enu nave not since suspended specie payments
according TO a late exhibit Of the Mnssachuse,ts
oanhsi lhey have nov more than a million and a
hali OF small notes under Is in circulation and du
ring The war Of lSl2-'l3-'l4, the Bose Banks
never suspended specie payments st ali. while All
olhef Banks IN the State Did, which was mainly
attributed 70 the fact, that when called on for nav.
Inent, ihey could generally meet tho demands for
Sehange with small notes Of good character there
iore appeal IN the name Of Virginia, to the senote,
70 lend their nd 70 the immediate Representatives
" 'he people, m communicating this desirableaet.
MERCHANT.