Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1854-03-07
S MALL NOTE BILL.

Tie Senate Yesterday passed the bill from The House 10
tie suppression Of lie shinp!ascr currency. Whilst I'm
perfect muatera points 1t Is TO b. horea lha
will WHOLE ba found adequate The purposes OF s en
Ono of it's provisions particularly subject.
nny person whose appears the face OF any note
of lesa denomination than FIVE dollars to penalty five
times Of the we'll calculated 10 serve
as cure the email note evil. Under 1t, any one may
proceed against the person appearing bo the ssuer Of h
and five times s amount hus striking at nt
very fountain Of supply In simple In !,eclf willis
resulting benefciay 10 the holder There Is good sronnc
to hope that The flood Of irresponsible paper with which the
chlnnes of circulation choked up may be turned
back and tho country gradually rid Of the dirty nuisance
Tie ac goes into operation the first Of June Gs giving
three months Tor those who have been chiefly instrumental
in hfowng into circulation unlawful paper ssues 10 with
JIaw them and settle with their creditors, which We hope
they vii! promptly DO in good Virginia currency or specie
Those who have small notes in their possession should pro.
coed demand their redemption, and II any o5sa.
clos are thrown III the wa they ought warrant for
the penalty.
Much cIaac will doubtless be made aglinst the acti but
If the peops good sound, specebased cutren
cy with stcsncy Of specie 10 circulation for change
they ought with united voice insist upon and aid In The
execution CT the law The pssen, abundance Of both gold
aad silver coin has c the slightest prcex of necessity
hry will still hold their ground the exclusion Of specie
unless lie people resolve their faces against tem ud
against the manufacturers of them. They have j. entirely
within their poWer under this ac 10 put cid TO the f
and though The Courts AID Grand Jues have failed 10 en-
force tic former aws let 1t not DO said that remedy which
every citizen OF the State apply remains dead letter
on the statute book
The following is copy of tho bill as passed by bo't
Houses:
"src l. Be 1t enacted by the General Assembly tha. II
shall pe duty OF Commissioners Of the Revenue ant
Cnurs 10 whom application sha be made for license TO 70
ure from cac and person who shell apply for caEsG
~ oath he will not pay OUT, (wllhn the limits OF IN
Cnmmonweah) nctes CT ess tsnomna Ion Than five col
! lars ssued by banks, corporations or individuals.
SEC And 5c IL further enacted that In every case whe
note OF lsss denomination Than five dollars offered or is
sued money whether said note he issued by bank
cornu arlyn by nd glduss tho person. h:n a:soca
ION Of persons corporation body polite osriEE or s
suing note shall p:y ne of ten dnlare 10 be tco3ef
before any imslcr, alderman OF city. or court Ia th'
and any pcraJn woss name Is esEcd ~
OF shall DO deemed an lssuef ~alo TN
meaning Of this net.
SEc 3 Aud b. it enacted that ore half nf TIC sne o
renay Recovered in any une title n M go {, h'
inruIer and residue shall be paid into the treasury
the county city In which The be prosecuted FOR
provided that In all the !nfomer shall oe competen
,fv 70 mcre than tbs denomination OF such note. ' '
"SEc. Aud be- it further enacted that any person MAJ
recover by motion before single Justice Alderman
before any Court from any whose maine is on IN
i,ce of note Of denomination lees than five dozrs
which may BE- issued utter The passage OF this ac i've time
ho amount o! note end such recovery shall be- In ad
Liiiou to The fine herein before imposed
SEC g. And ba il further enacted, that the penalties I'M
posed by this shall be 10 addten to tho penalties hereto
lore nposed aud This shall be construed ree5iaiy
"SEc g. And be enacted that this shall apply
as we'll 10 interest bearing scrip for less than S. as
| lit tas Of other descriptions.
SEC T. This shall be In force from and sitter the mrs
Jay Of June nexProvited that the first sec!icn OF mi
act sh! 60 !a!o operation unit! the ls day OF June
| 1857