Thomas v. City of Richmond
Supreme Court of the United States
Error to the Circuit Court for the District of Virginia, on a suit upon certain notes issued during the rebellion by the city corporation of Richmond; the case being thus: A statute Virginia passed in 1854, and reproduced in the code of 1860, th us enacts: “Section 15. All members of'any association, or company, that shall trade of deal as a bank, or carry on banking without authority of law, and their officers and agents therein, shall be confined in jail not more than six…
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Error to the Circuit Court for the District of Virginia, on a suit upon certain notes issued during the rebellion by the city corporation of Richmond; the case being thus: A statute Virginia passed in 1854, and reproduced in the code of 1860, th us enacts: “Section 15. All members of'any association, or company, that shall trade of deal as a bank, or carry on banking without authority of law, and their officers and agents therein, shall be confined in jail not more than six months, and fined not less than $100, nor more than $500. “Section 16. Every free person,* who, with intent to create a…
1Opinion of the CourtJustice Bradley
First. The court finds as a fact that the notes upon which the present action is brought were issued to circulate as currency; and, as matter of law, that this was in violation of the law and policy of Virginia, and that, therefore, the notes were void.
The first question is, whether the issue of notes as currency by the Common Council of the city of Richmond, in April, 1861, was against the law and policy of Virginia. The issue of notes as a common currency, or circulating medium, is guarded with much jealousy by all governments as touching one of its most valuable prerogatives, and as deeply…
2Cited by107 opinions
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- Ring v. SpinaCourt of Appeals for the Second Circuit · 1945
- Goldstein v. GroesbeckCourt of Appeals for the Second Circuit · 1944
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