Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1854-05-12
To the Editors of the Whig :


them to loss. Your article is well calculated however,
have the effect by inducing them lin the event they
cannot find it convenient TO send them in at the time
menoned) to sell them at less than their full value So
far as regards ourselves, Withdrawing the
,oiss of the Southern Manufacturers Bank fast they
presented aud desire that the public shall their
discretion in presenting them for payment
is of but little Importance to us when how
We ready pay them whenever however present.
ed, either now, the LIST Of june after that time. We
responsible for this ISSUE and you may assured
that time shall be no bar to the holders, to reseve
their full value whenever presented FOR payment
counter. Very Respectfully Yours,
CIV. PURCELL CO.
ave do the least dimnution in the qurntty of
shnplasers in circulation, is there any probability
that there will be any less quantity Of them the first
Of June than at present. Who is lose them them
Thousands upon thousands of dollars Of this currency will
be in the hands Of the people at the time the small
law goes into effect, but for the sake Of carrying
a statute OF Wstrios body the late Legislature
Of Virginia the people of the State TO deprive them
selves Of any small currency ALL and very ODE iien,y
throw away every dollar in small notes that they have
hand. Wonderful magma nmity-and 4 most respona-
BILE request for their rulers TO make OF them Who be-
eves that they will do any such thing Wing of loh
We take pleasure in making known to the public
by the publication of the above article from Messrs
Purcell & Co.. that they will redeem all the rag
money they have in circulation presentation of the
at their counter. We beg leave, however, to
disabuse the minds OF that extensive shnpaster cir
culating firm, of the idea that intended express
any doubt as to the redemption Of their notes after
the LIST of June. We were not speaking of the ere
demption of this small note currency by any partc-
ular banking establishment but Of the general effects
he small note law would have upon the circua>
ton Of shnplasters throughout the State There is
a good deal mole OF this species of money in the
hands of the people, believe than that issued by
the firm Of Messrs. Purcell Co.
We wish we could say much for all the small
note currency of the State, is expressed in the
above communication, but such is unfortunately far
from being the case. There are many thousands of
dollars in circulation among our people, which we
guess they would Tina rather hard task in getting
redemption thereof, after they had gone to the co
and trouble of presenting them. To say nothing Of
the shnplastcrs issued by numerous other individual
banking concerns, have those of foreign State
Banks in considerable abundance and how our citi-
zens to get them redeemed Or get them off their
hands, according to law, after the 1st of June, we
are not informed Somebody must lose them. If the
lao as 10 be enforced Those who dare pass them are
to have the penalty Of the small note enactment in
iicted upon them by presentation and fine If they
undertake 10 forward them the Banks from whence
they were issued, for payment, it would doubtless be
in the end, would find it the cheapest mode Just to
bundle them up as so much dead loss. This will be
the inevitable effect of rigid enforcement of that
beautiful specimen of shinpaser panacea which it
pleased our aw makers of the dominant political par.
ty TO pass at their late session. The dear people will
have to pay dearly, yet for the folly Of such legla-
tion or we are most egr egiously mistaken
But the difficulty, it seems is not to be so bad in
the Of these of Purcell & Co., which con-
stitue small portion Of the shinpaser currency of
the State Those in and about the city Of Richmond
who can conveniently walk up to the counter of their
office, and request the redemption of those notes
will be accommodated on sight. We take it, by their
card, that always for any less amount than the
sum Of five dollars, the gold silver will be handed
over promptly. This will suit the convenience OF
the citizens of Richmond admirably; but what are
the people in the remote parts Of the State with one
two and three dollars, more of those notes to do,
How are they to get those notes redeemed so as to
receive hundred cents in the dollar therefor? We
at a loss to know how this desirable result even
IN this isolated case, is to be accomplished unless
Messrs Purcell & Co. will be accommodating to
the public, as to send out agents through all portions
Of the State, where their notes have been in crcua-
ton, with plenty Of gold and silver COIN and Virginia
bank notes, to redeem them.