The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1858-03-02
The Rank Denomination Bill

The bill which originated In the Senate, pro
hibiting the circulation Of bank notes under the
denomnas epD OF $40, after the 31st Of December
next and prohibiting the circulation OF notes IN.
der the denomination Of so, after Dec. II, 1882
passed that body yesterday. The following is a
copy Of this important bill:
l. b 4 eaae-ea BIZ the 3e3aeral Assembly, That 10
bank OF branch thereof snail, at any time after lhe
counts chasing OF drafts bilis ofeSchange,
or in yment fdep sitors, nor shall IL, in any ode
put in circulation tn notes of auy bank or banking
Company be- ond the limits of the Ommonwea,th
of a lees deaoInna iou ban $50. Any cashier, or
other officer of the bank. for violation of this lay
shall he su, ject 10 the same penalties, and may he
proceeded against the satBs mode, as ID herein
prescribed agaius sheriff
2 1t shall Us the duty ofthe commissioners of the
revenue and of the conrt@ to VIII II Application shall
be made for lcenoe to require from each aud every
pers n who shall apply for license cath that l.,
will not pay out, within the limits of the Common
wealth. noes issued peyoni the limits thereof Of
less d, nomfG alton than so
IA .rf sergeant any cole ctor OF Tho public reve
nue. pay ont any note issued by any bank or bank
Ing Company, beyond the limits of the Common
wtaith, of u less denomination than $50.
1t shall be the duty of the commissioners OF the
revenue ard Of tie courts to whom application
be AIDE for license To require from any Person who
cha apply for license an oath that he Ill not pay
ont after the 3ls. of December next any note or
notes of Il banking company Or corporation, issued
within the limi Of this Commonwealth of ess d..
nomination than &c. and that be will not pay out
afer tie 3lst of December, lo5s, any note Of less
denominalt n than $40: Provided hoLoete., That
ch person may pay 10 the sEerJT, aDy colle2;or
Of the public revenue for this CUmnonwt allh not
issued by banking comp nes or corporal ions within
this Coninonwea b, Of less denomination than $40
after the lat 81 August. loss. and until the 3st
Dec mbeT, 1859.
o. II shall not be lawful for any sheriff, deputy
sheriff. sergeant or collector OF he public revenue. TO
pay ont after the 3lst Of december SS, any note or
less discrimination than Sit, or 10 pay out after the
3is of December. lej9. any no or notes issued b!
banking company or corporation within the linn
its ii this state OF "A less denomination than S2n
Prorlded, holeereT, That any sheriff deputy sheriff.
ssrgean collector Of the public revenue, may pay
into the Vrginia Farmers and Exchange hanks IN
Ricbmond, special deposit. to the credit Of the
Commonwealth, NJ part of public revenue, n0tes
Issued By banking companies or corporations IN this
November, 1853.
1t shall be the duty OF the Treasurer of the
made to ,he credit Of the Commonwealth before tho
lst Of ovember, 1857, In the Virginia. Farmers or
Exchange bahks in Richmotd. Cf notes OF less de.
nomination than $lA issued by any banking COM
pany OF corporation within this Commonwealth, to
transmit such notes to the bank or corporation at
which they are payable and receive in return there
for other notes of such hank corporation of the
denomination OF ten dollars multiple of ten
Is u'd by such bank 10 the amount Of the sum thu,
transmitted
:. No railroad navigation OF Incorporated compa-
Dy In Virginia. shall. after e 3St December, 1885
mpany, beyond the limits of this State of les,
denomination than twenty dollars; and no such
raitroad navigation ar incorporated company shall,
after the SYST OF December lsS, pay any note vi
any Bank or Banking Company in this State OF Il
less denomination than ten dollars; nor after the
Slst December, 1852 shall pay out any note or notes
of a Bank OF Ranking company In this State, of
less den' mination than twenty liars, AND for
any violation OF the provisions Of this section suc
Railroad navigation or Incorporated company shall
be subject to the same penalties, and may be pro-
ceeded against in the same mode hereinafter
prescribed against "a sheriff. Provided, that any
railroad navigation or incorporated company In
this State may pay into the Virginia Farmers ami
Exchange Banks in Richmond. notes of banks OF
banking companies of this State, of less denolnina
ton than ten dollars after l@ 3st of December lS5s
and of less denomination than twenty dollars after
Decem her 81, 1852 for any amount due the State OF
Virginia; and such amounts shall be received by
such banks as special deposits and the Treasurer of
the Commonwealth shall dipose of such notes in the
manner prescribed In the 9TH section.
g. 1t shall be the duty of the grand uries of every
county aad corporation within which Circuit q urt
Is held TO make OF all viola ios of this
law; and should any sheriff deputy sheriff. sergeant
or any collector Of the public revenue upon trial by
Indictment before Jury, b. found guilty OF the vic
lation of this law. he shall pay fine of one hun
fred dollars for the first offence, and upon convfc
ton second time. aud upon each separate onyic
lion thereafter. for like violation, fine of $500 to
10 paid into the county or corporation treasury. Sd
he case may he.
q This art shall hs In farce from Its IA ssaon