Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1854-01-17
BILL FOR THE SUPPRESSION OF SMALL
NOTES.


II the BILL copy of which subloin, does not efsctu
ally suppress the shiupaster currency. may conclude
that the achievement lie within the competency Of th
Legislature. Indeed nobody questions It's efficacy excep
the men who known be any law of the
which fact Of itself is conducive argument 10 favor Of the
bill !, is not likely that will object TO law the
ground that 1t will fail accomplish object which they
strenuousy oppose; the contrary might expect them
10 resist enactment TO which they averse, with
srgy In proportion to its sngency The truth ia tina
The Wings oppose this BILL for the simple that It viii
inevitably rid the State of pasersho currency deal
10 Wing heart.
II s impossible affirm the neciency OF the bill before
ue without mpugnug the honor Ct the whole community
Unless all men be or the Psamist asserted his wrath
under the operation of this b the shnpaste currency viii
disappear
Az Act the circulation of of less demo
mnaton Than five dollars
Be II enacted by the General Assembly, That 1t shall DO
the duty OF commissioners of tho revenue and Courts to
whom application shall be made for license require each
and every person who shall apply for license to take OATH
before receiving license not 10 receive in
manner old in circulation of of less denomna.
ton than Ave dollars whether issued by Banks
or indviduals
SEC End Be further enacted That In every case where
note of less denomination than five dollars is offered as
money, whether the said note be Issued by Bank, copo.
ration, by ndviduas the person, firm. association Of
persons corporation body polite Offering such NOTE
shall pay fine OF dollars to be recovered before any JUS
Mol W,
See 3rd And be 1t further enacted, That ono half of the
fine penalty recovered in case under This act shall
the inormer and the residue shall be paid into the
y the county city 10 which the may be prosecu
ted for provided that Ia all cases The nforner shall be
peen Witness and that such nformer shall not be required
10 identify such noto further than by tesying TO the demo-
mInation of the same.
SEE 4h And be It further enacted That In any per-
against whom any judgment may be rendered for the
penalty provided by this shall Immediately pay
sams and Of such judgment give security salts.
factory the justice other authority rendering such udg
ment, he shall be- committed 10 prson-here 10 remain un
shall be paid until the xpation Of days
from the date of the commitment whichever shall first
cur.
SEC 5h And be It further enacted That If any sheriff.
collector Of the revenue constable other public officer
shall receive in payment of executions aes fees
officer shall addition penalty herenbefo.e prescribed
forfeit his commissions upon such executions fines taxes
and shall forfeit such fees Of Office.
SEC. 9th. This act shnl be In force from s passage
We learn that the following impor,sn! bill yes,sr
d,v repor,sd 10 the Senate BY MIR. SMITH, from the Com
mttee of Banks With alteration, the bill s we be.
lievs the same as the Maryland law:
BE enacted by the General Assembly, That It shall no,
be lawful any person. rm assoca OF persons cor
porate or body poc pay OUT circulate receive in
ment of any debt any bank pomssoy noe other
obligation payable 10 bearer or endorsed 10 blank, or to
bearer any other NOTE oken scrip or device whatsoever
devised or intended for circulation currency issued with
ia or without the limits Of this State oil less denomination
than FIVE dollars under penalty of five dollars for each and
every offence to be recovered by warrant In the name OF the
State before any justice of the Peace alderman Of the
city of the State.
And be IL further enacted That onela OF The penalty,
recovered any under this act shall 10 the normsr
and the residue shall paid the collector Of county
city taxes for the of the county city where the
may be prosecuted for and in all the nfomer shall be
competent Witness and shall not be required 10 swear TO
more than the denomination OF such note
And farther enacted That in any person against
whom any Judgment may be rendered for the penalty prOvi
ded by this shall not Immediately pay The came and the
costs of the prosecution give security satisfactory the
justice alderman rendering the judgment for the payment
he sa DO committed prison. there ~ remain until the
Same shall be paid until the expiration Of days from
tho date Of the commitment whichever shall first
And DO further enacted That the 18th section Of chap
1873 Of tho Code Of Virginia be- and the hereby
repealed.
This shall be in force from and after the first day of
July, 1854.