Dropped stitches in Tennessee historyAllison, John
History
Dropped stitches in Tennessee history
Allison, John
Jackson, Andrew, 1767-1845 -- Homes and haunts -- Tennessee; Tennessee -- History
At the time these four gentlemen were appointed as a high commission
to be “judges and viewers” of the currency of the realm, and
“detectors and suppressers” of spurious or counterfeit “coins” and
“paper emissions in circulation,” all kinds of “such monies” seem to
have gotten into “the new world west of the Alleghanies,” for, at
the same term of the court making the order regulating the charges
of tavern-keepers, referred to above, two rates or schedules were
prescribed, one in “paper emissions,” the other in “coins.” The order
of the county court creating this commission and investing it with
power to “view” and “judge” of the genuineness of the circulating
medium, and to detect and suppress such of it as should be adjudged
fraudulent, does not point out the way, lay down any rules or provide
any method for the guidance and direction of the commission in the
exercise of the powers given or the discharge of the duties imposed. It
says simply what they shall do, or rather what they have been appointed
to do, and then leaves them to do it. That they found out an effective
way to exercise their powers there is not a doubt. They did not need
to be given “mandatory” power. “Counterfeiters” had been “dealt with,”
before this domestic monetary commission was created, by some of the
same men who constituted the commission.
One of the most delicate and difficult duties that devolved upon this
commission, under the terms of the order creating it--particularly
the words, “in order to prevent frauds and impositions that might be
committed,” etc.--was in cases where a question was raised as to the
genuineness of the money offered in payment by a citizen known to be
upright and free from any suspicion of handling spurious money, to
another equally honest, who refused it because he was doubtful as to
its being “good money.” The “judges and viewers” were called in to take
action, and had to decide in effect whether or not the money offered
was a “legal tender.” Their decision was accepted; and henceforth that
particular money circulated, if so ordered, without question, and
performed all the functions of money, whether it was in fact genuine
or spurious: if the decision was adverse, that money was thenceforth
worthless.
As an incident of the power and authority vested in these “judges and
viewers,” arose the question occasionally of guilt or innocence, when a
charge of counterfeiting or of wilfully and knowingly passing spurious
money was preferred. The person so charged was tried before the high
currency commission, and its finding or judgment not only settled
the question of the guilt or innocence of the accused, but made the
particular currency involved either “sound money” or counterfeit in
that entire country. John Sevier, according to tradition, was chairman
of the commission; if his name was written on the “paper emission,” it
passed current thereafter, and when offered in payment was a “legal
tender.”
Public-domain text, read in full here on John Shaqi.
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