The Washington union. [volume] (City of Washington [D.C.]) 1857-1859, 1858-01-30
BANKS IN THE DISTRICT OF COLUMBIA

BILL to prohibit the issue of bank notes by corpora
TONS associations, individuals within the District
of Columbia and further to prevent the circulation of
bank notes issued by any Incorporated company
ISOLATION of individuals located beyond the limits of
the District of Columbia of less denomination than
fifty dollars reported from the select committee of the
Senate that subject by Mr.. Slidell, of Louisiana,
chairman on Thursday, January ~, 1858
Be enacted BIZ The Senate and House Of Representatives. Of The
United States Of Anica in Congress assembled That from and
after the first day Of April next it shall not be lawful for
any person persons or any association partnership or
company of individuals, whether chartered unchar
tered within the District of Columbia, directly or indi
recty issue reissue pay out pass exchange put
in circulation, any bank note note BILL certificate
any acknowledgment Of indebtedness whatsoever, pur
porting to be bank note, of the nature, character
appearance Of bank note calculated for circulation,
issued purportg to be issued by any person per-
sons association, partnership company Of indi
viduas whether chartered unchartered and whoever
shall in his name, or as president cashier, or agent
of person persons, of association, partner
ship or company of individuals sign countersign,
do,se any bank note, note, BILL certificate or any
acknowledgement of Indebtedness whatsoever puIportng to
be bank note OF the nature character appearance
of bank note calculated for circulation contrary to
the provisions of this section shall be held to be guilty
of high msdemeanor and on conviction thereof, shall
be fined in any not less than fifty dollars
than five hundred dollars and may he imprisoned for a
period not less than three than twelve months
SEC. q lind be IL further enacted That from and after
the first day of April next 1t shall not be lawful for
any person persons, any association, partner
ship. or company of individuals whether chartered
or uncharered within the District Of Columbia directly
indirectly, to issue reissue, pay out, pass,
change put in circulation transfer to be issued
paid out passed exchanged circulated transferred any
bank note, note, BILL certificate, any acknowledgment
of Indebtedness whatsoever purporng to be bank note
Of the nature, character, appearance OF bank note
or calculated for circulation bank note, issued
purporng to be issued by any person association Of
persons any bank Incorporated company, not loca
ted within the District of Columbia. of less denomina
ton than fifty dollars every violation of the provisions
Of this section by any corporation body corporate
persons engaged in banking business shall subject such
corporation body corporate or persons engaged In
banking business to the payment of five hundred dol
lars and any violation of this section by other per-
son shall subject such person to the payment of twenty
five dollars, onehalf of which, in each case shall go to
the nformer and the other half to the United States
and may be sued for and recovered debts OF like
amount by law recoverable in action of debt
in the name of the United States well for the use of
the nforiner az for the United States.
SEC g. And be further enacted, That, in addition to
the civil penalties imposed for violation Of the provs
ions of the last preceding section every person who shall
violate the provisions of that section shall be taken and
deemed to have committed misdemeanor, and shall
upon conviction thereof in the criminal court of the Dis
tct of Columbia be fined in any not less than ten
dollars nor than one hundred dollars.