Case Name: Between ARCHIBALD HAMILTON and company, plaintiffs, and WILLIAM URQUHART, executor of Nathaniel Flemyng, defendent
Court: High Court of Chancery of Virginia
Jurisdiction: Virginia
Decision Date: 1794-09
Citations: 2 Va. Ch. Dec. 295
Docket Number: 
Parties: *Between ARCHIBALD HAMILTON and company, plaintiffs, and WILLIAM URQUHART, executor of Nathaniel Flemyng, defendent.
Judges: 
Reporter: Decisions of the Cases in Virginia, by the High Court of Chancery (Wythe)
Volume: 2
Pages: 272–273

Head Matter:
*Between ARCHIBALD HAMILTON and company, plaintiffs, and WILLIAM URQUHART, executor of Nathaniel Flemyng, defendent.
Sept., 1794.
Bonds — Statutory Scale of Depreciation — Application. —The statutory scale of depreciation not applied to a bond in 1777, under the exception allowed by the stat. of 1781;— and the value of paper money during- the dealings between the parties before the depreciation began, not being shown to have been less than of money current at this time.
Bonds. — See monographic note on “Bonds" appended to Ward v. Churn, 18 Gratt. 801.

Opinion:
IN this cause, heard the áay of September, 1794, the court decreed so much of a debt, secured by bond in 1777, as appeared to have become due for dealings in preceding years, to be paid, without being reduced according to the scale of depretiation, established by the act of general assembly, passed in the november session of 1781, or according to any other scale; that statute, in the last section thereof, being understood to have authorized an examination into the origin of the demand, and a rejection of the scale, and the substitution of some other mode of adjustment more equitable, where that shall be discovered to have graduated the decrement in value of paper money in particular cases inadequately ;* and the value of paper money, during the period of dealings between the plaintiffs and the testator of the defendent before the statutory period of depretiation began, not being shewn to have been less than the value of money current at this time.