Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1848-02-01
SMALL NOTE BILL.

In the Senate yesterday this bill was hfs' j,
rected. and then. by the change OF one "oIe' n"''
" passed, though in an amended fofm' " Wv.
wholesome of The Senator's being aoStn''
cannot conceal our surprise and regret d. "'9 'e
sult. With The abundan! specie in The counuy,
we canno, sec The policy of driving all specie
on, Of circulation. and legalzing an exclusive
paper currency, with all Us losses ana uhce'-
tainties. While commercial men have paper lot
large operations, there should always oe Spectre
snon,b for retail transactions. We trust that To-
dav the "sober second thought" will work It's
charm and that the bill will be reconsidered, and
ooain rejected. We are opposed 10 The whole
sv,,em OF "Sainp'Qsters," and should be sorry 10
see Virginia legaize principle which VIII tnto"
donbt and confusion over the currency and ousi-
mes. OF the country, and thereby work ultimate
mischief 10 the credit and prosperity OF Inc Stale
The following is the bill as it passed %:
l. Be il enacted by the General Assembly
That hereafter the several Banks OF lhis Coui-
moDwealIh NAV receive al their counters noles OF
a less denomination than five dollars, issued oy
any banking institution OF any OF The STATES OF
the u. Sja,es. and send The same II the BANK
where issued and Tor every dollar so sent cu'
nj the limits of this Commonwealth, the Banks
receiving me same are hereby authorized 10 issue
in one. Two three and tour dollar nolrs ol their
own, a equal amount: Provided, however, lhe
amount So 10 be issued shall not exceed ten per
cent. upon their respective capitals
Q Be il further enacted. That il any Bank
shall avail itself OF the privilege hereby granted,
such Bank and its branches shall redeem all such
notes in specie when demanded, whether al 'he
Mother Bank OF either OF lis branches, without
regard IL which Of said places SAID notes may
have been i,sed or made payable al; and u such
MoIher Bank or any OF its branches shall tau or
refuse TO pay any such note OF notes in specie
when demanded al any Of their Offices, The holder
OF The same may recover The amount thereof by
warrant, before any Justice OF the Peace ior The
county wherein said Mu,hei Bank OF branch may
be situated, together with 25 per Cent. damages
and coss s: Provided, however, HAT The LesiSa-
lure nav al any time a IeI modify or repeal inc
privileges hereby granted.
3. This ac, s6ali commence and be in force
from and aiieI lhe passing thereof.
COMPLIMENTARY DINNER TO LIEUT..
SELDEN.
AS we said Yesterday, this most agreeable
meeting, aud cordial and honorable tribute 10 a
sa!ian, officer, took place a. the City Hotel on
Wednesday evening. 1t is proper that we intro
duce the proceedings with the preliminary cores
pondence, as follows:
RICHMOND, Is, JAN. 1913.
SIR: In behalf OF your fellow citizens OF Rich
Inond the Undersigned commiileee tender 10 you
a public dinner TO be given on Wednesday,
he Goth OF this month, at the City Hotel, in no.
~. o; yoar services in The army Of the United
States.
In performing this pleasing duty The commit.
lee do not exasgerae The opinion OF those whom
they represent, when they say 10 you, that By no
officer in The army do they consider that Ameri.
can proves has been more fully illustrated than
by Yourself. We are, with the highest respect,
yours,
GUS. A. MYERS
WM. RUTHERFORD,
u. C.. RANDOLPH,
WM. 5. TRipLETT,
f. l. BROOKE,
d. w. HAXALL,
JOHN S. CASkIE,
WASHINGTON EPEENIIOW