The mountain sentinel. [volume] (Ebensburg, Pa.) 1844-1853, 1853-02-17
Relief Notes.

= iSl0efeu Dy every nlaIl 10 De IL nulSduCc DuSl
worthless trash as they are, is a disgrace to tn
state, and he will be public benefactor, who
in his legislative capacity, will devise the way
] and means to rid us of such abominable an'
2 detested currency. Were they once out of cir
culation we would have a circulating medium
of gold and silver in their stead, and the labor
ing classes of the community would not be i'm
posed upon by so many counterfeits as they hav'
been of late. At least one-half of the relic
notes in circulation in this county are counter
felt, and the other half are so defaced as to de
ceive the best judges of money. We have nov
in our possession several of these notes that arr
so ragged and torn, so patched up and so illeg
}, gible, that you can scarcely distinguish wha
bank has issued them. The redemption of sucl
base money, at an early day, will meet with
hearty amen from everybody, and the channels
of trade will be happily delivered from eontami
mating species of currency. Gov. BIGLER, il
his message, suggested the propriety of cancel
ling, these notes, and bill, which viii be found
herewith, has been reported in the House OF
4 Representatives by Mr.. SKINNER, of PhiIada.
county, which, if made law, and we hope it
will be, will drive the pestiIence from our midst
To that bin we direct attention, fully satisfied
that its provisions will meet with the unquali-
fed endorsement of our readers. Every man in
! the community desires a triumph to Mr. SKIN
NER through the passage of his bill, and we ear
nestly hope that he may succeed in having ad-
opted measure calculated to remove forever
these unsafe, disfgured, abominable notes that
are cheating the people everyday, and in doing
so restore the currency of the Commonwealth to
its pristine purity. The following is the bill as
reported by Mr.. Skinner
-A7a act for tie Cancellation ofthe Re1jef Notes
Section l. Be it enacted, &C., That hereafter
the receipts to the Sinking Fund, to the amount
that may be necessary to cancel the relief notes
now III circulation under the provision of the
act of may 1st, 1871, and the reissues under
the act of 10th of April, 1S49, shall be and are
hereby appropriated for the cancellation of re
lief notes, in the following manner, viz: 1t shall
be the duty of the State Treasurer, the lst day
OF June next, and at the expiration of every
three months thereafter until the whole amount
Of said notes shall have been cancelled, to as
certain the amount of money in the Treasury
due to the Commissioners Of the Sinking Fund
and proceed to pay over to said Commissioners
the amount so ascertained of the most defaced
and worn of the relief issues which may be
found in the Treasury at such periods. Prov- |
ded, That in case the amount of relief notes |
found in the Treasury snail not equal the sum |
due to said Commissioners at the expiration of
the aforesaid periods, then and in that case the |
balance so due shall be paid into the Sinking
Fund by said officer, to be invested in State
Stock, in the manner prescribed by the law Gre
atng said Fund,
Sect. The State Treasurer and said Com
missoners shall keep an accurate account ofthe
relief notes so paid Over-their denomination,
the name of the Banks by which issued and the
amount issued by each; whereupon the Auditor
General at the time said notes delivered,
and in the presence of the aforesaid officers, shall
proceed to cancel and destroy the same.
Sect. g. It shall be the duty of the Auditor
General to ascertain the amount of the issues of
each Bank, in said notes, which may be out
standing on the first day of June next, and at
the expiration of each period of cancellation, to
inform the officers of the Banks, respectively, of
the amount and denomination of their notes
which have been cancelled as provided in the
foregoing sections of this act.
Sect. 4. That if it shall appear in the course
of the cancellation of said issues, that greater
number of said notes shall have been put in cir
culaton by any Bank, than the sum authorized
to be issued for the of the State in all such
cases the Bank issuing tue same on being noti-
he'd of the fact by the Auditor General, shall
proceed to cancel said notes fast as they may
De offered at their business Office, and any at
tempt to put said notes in circulation after such
lotIce, snail SUBJECT the 01ncerS OF SAD Bank to
Ill the penalties provided for in the act of the
General Assembly, passed the 10th of April, A. :
D., 1880 entitled an act to prohibit the circula-
ion of notes under the denomination of five dol
ars, and in all cases where the amount author
Zed to be issued for the use of the State shall
nave been cancelled aforesaid it shall be the
iuty of the State Treasurer to refuse to receive
aid excess issues for debts due the State, where
he amount of notes presented for cancellation
mail not equa( the amount issued for the use of
he State, such deficiency shall be regarded as
he usual waste in the use of said notes, and 7,
hall insure to the benefit of the State.
Sect. D. That from and after the Ist day of G
une, 1893, 1t shall not be lawful for any Bank "
n this Commonwealth to pay out said notes at
her counter, or use them in any manner in the Il
OF their business; nor shall County \
reasurers, toll collectors, any other receiv- -
1g officer of the government, pay out said notes. h
ut shall cause them to be delivered to the State -
reasurer, who shall receive them for debts due -
le Commonwealth, or redeem them in par funds :,
nd shall cause them to be cancelled and des- ~
'oyed IN the manner provided in the foregoing -
ectioEs of this act ,
Sec. q. So much of any act or acts as are - -
ereby altered or supplied be- and the same ~ ~
e, hereby repealed. 81 81
The Democratic Review. ne