Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1853-12-24
FOR THG WHO



The shnpliSr system It Is usually called seems tn
have grown 10 pitch Of nronv cnieuce and ye1aton NO
longer to Ice tolerated. II Is objectionable not only on
account q" the mufriousn-,- Of the notes which have
been put into circulation which renders their reliability
for payment o ultimate redemption entirely unceT tain
anu Consequently continually exposes their holders los
hut emphatcIy account OF the evil effect Of
thr example, in thu daily exhibiting before the eyes at
ia" community open aud fragrant violation OF the sN-
OF the Lamb with no apparent possibility of enforcing them
IL seems, therefore, To hc iuy agreed all hands that
som" more efficient and certain remedy possible should
Ice provided order to arrest the growing evil than has
been heretofore provided; aud the difficulty IS what thai
remedy should he The feasible plan iur arrestne
tie "vIl, would seem tn b" something like the recent
~ suggested 10y Mr. ENrEE in the House Of Delegates
OF requiring merchant on obtaining their licenses
from ihc commissioners If the Revenue, make oath h
fore him that they won!d not circulate any such
spurious prohibited duriug the existence of such
license. That law Of this character something like
~ would have the effect of arresting the evil To very
considerable extent least If wholly to prevent it,
ia certainly fr from being probemaca as for instance
suppose the law should provide that not ony merchants
but lll"kers aud Pedars, Auctioneers Hotel ordinary
keeper, include all licensed persons OF every
description under the laws the time Of obtain
ing such licenses, OF At tc county corporation
court thereafter SHOULD be required go into court and
take ln oath that they would not during the existence
such license receive circulate pay away such pro-
hbited note or notes. without which the license shoslI
not be available Ii il proposed that the oath in every
instance be taken in open court aud entered of record
because it would ia that case be attended with greater
iormay aud solemny, which might have good effect
II Is verify believed that such law passed so to
stop TO the extent which would all such licensed per.
soils from handling such nntrs the Of the community
or nearly the whole Of them would drop them
like hot potato. "
order to provide another small change currency place
Of such suppressed unlawful currency "A to which it
would seem to be very clear that il done ALL il be
done in Of two ways Either the State Banks must
b. authorised to issue notes under the denomination
five dollars the dependence be the necessity
OF the case in the absence OF any notes under that de-
nomination. to force into circulation sufficient supply OF
specie to answer the purpose Of small change. The fast
Of these eNpedents is believed 10y many be the only
eXpedent; and j. believed by many that il
the sense Of the voters Of hewhoe TAKEN there
would be- found to be large majority OF them favor
allowing the State Banks issue such notes But the 10
cal party who present have the decided acendancy
IN tue Legislature, seem, from some other, to
have liked aud unat'ble aversion tn the issuing such
small notes 10y the State Bnks aud insist that IL
notes allowed To be- issued put into circulation Of
any description specie will be forced Wl How into
cuItiOn IL sufficient abundance all necessary
purposes Of change Well in this of division Of lie.
cided opposition Of sentiment what better be done
than al once 10 apply tue test Of fair experiment. IN
der to ascertain which side the truth lies To do
which let law be forthwith passed by the Legislature
with the mO7t eiectul provisions that be- devised
such ~ y before proposed, for the suppression OF shin
plaster and other sma note currency and without auo
rising the stale Banks TO issue small notes Tor the present
NJ least, or until the experiment II fairly ed II specie
SHOULD then come into circulation IN meet the
views Of the people aud ia sufficient abundance TO
all necessary purposes Ut change, then be il -.
IL o. believed. however that What amount Of specie
might be forced into circulation Ia this way il would be
rm,iJ "i tc gold coin, which IL decidedly announcement
and oJecuOntJc Ear the purpose Of sn4 change il
concerned aud that wlstevcr amount ~ silver should
come int circulation II would be- by purchase prem
WH-that merchants, hotel aud Ordinary keeper we'll
a. many Others would have to purchase it premium
10 order 10 answer their business purpose and there
b. no doubt, 90 his way silver extent might be
dliused among the community; but whlt extent B.. u
c'piu, but whether the people will be satisfied Hith
this state Of hug- will rcmain 10 be seem At all event.
YET The experiment be- made, anything rather than the
present iriolcrnDlo and odiou' shinpa-ter system.
ALBEMAHHE