The History of the City of Fredericksburg, VirginiaQuinn, S. J. (Silvanus Jackson)
History
The History of the City of Fredericksburg, Virginia
Quinn, S. J. (Silvanus Jackson)
Fredericksburg (Va.) -- History
On the 24th of December, 1805, John T. Lomax and Carter L. Stevenson
qualified to practise law in the hustings court. They were two leading
citizens of the town and served the public long and faithfully. John T.
Lomax afterwards was made judge of the circuit court and one of the judges
of the district court. He was also the author of several law books. Mr.
Stevenson was thirty-five years Commonwealth's attorney in the town,
holding the office a longer period than any other attorney, before or
since his day.
The first notary public to qualify in the hustings court was John
Metcalfe. He was appointed by Governor James Barbour, and on the 12th day
of November, 1812, came into court and produced his commission as a notary
public, "whereupon the said John Metcalfe took the oath of fidelity to the
Commonwealth, and that he will without favor or partiality, honestly,
intelligently and faithfully discharge the duties of a notary public."
[Illustration: The Baptist Church. (See page 209)]
REGULATING THE CURRENCY.
In the early part of the nineteenth century "paper money" superseded
tobacco and tobacco warehouse receipts as currency, and therefore much of
it was issued. The notes of the denomination of one dollar, and more, were
generally designated as bills, while those below one dollar were called
"shin plasters." At first these notes were issued by States, cities and
banks, but in a few years incorporated companies, and sometimes
individuals, issued them. These notes were not always taken at their face
value, especially when they were found any distance from their place of
issue.
This being the case, it was difficult for the people to distinguish
between the good and the doubtful, or to fix the proper rate of discount.
Therefore the courts took the matter in hand. The question was considered
and passed upon, for the first time in our courts, on the 14th of March,
1816, the subject being the difference between the paper currency of
Virginia and the bank notes of other places, which were found in
circulation in Fredericksburg. Having properly investigated and reached a
conclusion, the court declared and entered on record, as follows:
"It appears to the satisfaction of the court that the chartered bank
notes of the District of Columbia, State of North Carolina, and cities
of Philadelphia and Baltimore, are current in this town, and it is the
opinion of the court that the chartered bank notes of the District of
Columbia, when compared with the chartered bank notes of Virginia, are
at a depreciation of six per cent.; that the said notes of the cities
of Philadelphia and Baltimore are at a depreciation of five per cent.
and that the said notes of the State of North Carolina are of equal
value with the said notes of Virginia."
A similar declaration was made by the court each year for several years
thereafter.
Public-domain text, read in full here on John Shaqi.
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