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“ An Act In Addition To The ‘act To Prohibit The Circulation Of Small Bills”

Currency:USD Category:Antiques / Books & Manuscripts Start Price:150.00 USD Estimated At:245.00 - 300.00 USD
“ An Act In Addition To The ‘act To Prohibit The Circulation Of Small Bills”
Stock certificates from the United States and other countries around the world. Items offered cover a wide variety of collecting topics including automotive, railroads, mining, autographed and much more.
Printed Document. One page, 6” x 91/4”. No place. No date [mid-1830s]. The document concerns “ AN ACT IN ADDITION TO THE ‘ACT TO PROHIBIT THE CIRCULATION OF SMALL BILLS” It reads, in part: “ … it shall be lawful for the different Banks in this State to receive any Bill of the denomination of one or two dollars issued by a Bank in any other State. But Banks shall not pay or circulate the same …” This document is most likely from either New York or Connecticut. Enacted during the mid-1830s, this document offers an interesting snapshot of the precarious American financial situation in the period just prior to the Panic of 1837. Wrinkling. Paper loss at edges. Stain from paper clip. Some faded pencil notation in margins. Overall Very Good.