Actions for Ordered, that the Committee on the Judiciary be directed to consider the expediency of further provisions of law to prevent private banking
On February 8, 1833, the Massachusetts Senate Committee on the Judiciary was asked to consider legislation to prevent private banking. The Committee declined to do that. The Committee was asked again and this time submitted a bill: An Act to prevent private banking, 1833. The bill indicates that after April 10th, anyone who circulates bills or checks that are not from a state incorporated bank or a United States bank, will be fined fifty dollars for each offense.