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CHAPTER I Banking, according to modern methods, did not exist in Virginia prior to the year 1804. During all the Colonial period and, even more so, after the Revolution, voluntary association.l), called unchartered banks, did a banking business, including the issue of currency notes. In the early part of the nineteenth century this business had become a very extensive one, * and the unchartered banks operated all over the State; but -they rested entirely on indivi d… More >>
