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title:“A Revision of the Act for Raising a Supply of Money”
authors:George Mason, John De Neufville
date written:1780-7-13

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last updated:Jan. 22, 2013, 8:19 a.m. UTC
retrieved:Nov. 30, 2023, 8:31 p.m. UTC

Neufville, John De and George Mason. "A Revision of the Act for Raising a Supply of Money." The Papers of George Mason. Vol. 2. Ed. Robert A. Rutland. Chapel Hill: The University of North Carolina Press, 1970. 653-54. Print.

A Revision of the Act for Raising a Supply of Money (July 13, 1780)

[13 July 1780]
WHEREAS the tax imposed by the act of the last session of assembly, entitled "An act for raising a supply of money for the service of the United States," upon the venders of goods, hath been found to be unjust, so far as it is retrospective or subjects them to a tax of two and a half per centum; Be it therefore enacted by the General Assembly, That so much of the said act as respects goods or merchandizes, sold by any vender, previous to the first day of January last; and also so much thereof as subjects such goods and merchandises to a tax of two and a half per centum, shall be, and the same is hereby repealed; but the said act shall have full operation as to subjecting all goods and merchandize to a tax of two per centum, sold by any such vender since the said first day of January last. Provided, That any retail vender who may have paid such tax for goods sold before the said first day of January, shall have returned to him the money so paid. And be it farther enacted, That the treasurer of this commonwealth for the time being (having first taken an oath before some justice of the peace, to do impartial justice therein, according to the best of his judgment, and obtained a certificate thereof) be, and he is hereby constituted and appointed the judge of all such counterfeit paper money as shall be tendered or offered in payment at the publick treasury; and he is hereby empowered and directed to deface each and every paper money bill so tendered or offered in payment, which, in his judgment shall have been counterfeited, erased, or altered, by cutting a piece out of such bill from as near the middle thereof as may be, of two inches in length and one in breadth at the least, where the owner or tenderer of the same shall not object to it; and in case of such objection, he shall call to his assistance two of the auditors of publick accounts, who, having first taken the like oath, shall, together with the treasurer, determine by a majority of voices whether any such suspected bill hath been counterfeited, erased, or altered, or be genuine, according to which determination such bill shall, or shall not be defaced as aforesaid. Provided nevertheless, That this act shall not take place until the end of this present session of assembly.

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