Alexandria daily advertiser. [volume] (Alexandria [Va.]) 1803-1808, 1805-12-20

i under anidea that the money coined at til
| Mint would be sufficient for circulation
bu, ithad been found otherwise that 10
stead suspending, il would be better u
| repeal the act.
Mr.. Varnum declared his wish to hav,
the bill repealed,
Mr.. j. Clay, was in favor Of the bill
before the COMMITTEES. Ee did not wish {,
have foreign coin legal tender; there wa
great deal of rogged gold, and mucl
counterfeit coinin circulation. An Eng
ish shilling which ought to be Of the va
Iue Of % cents, was not generally WORT
Is cents.
MIR. Macon, was Of opinion with Mr.
Varnum. and argued 10 favor Of The admis
sion Of foreign coin. When the bill frs
passed, numbers were alarmed some part
ed with their crowns for 1o5 cents ,fsarin,
a greater loss. The connexions we hav,
with England, France, Portugal, &c. make
il a policy--nay a necessity Of admittin,
their coin: for our own is not near sufici
ent.
In some part Of the United States, con
tinued Mr.. Macon, the people may as vel
look for living kagle, as for one. of gold
The circulation OF the coin OF the u. S
is hardly known in many parts.
Mr.. Varnum moved the repeal of Tx
act.
Mr.. Jackson was in favor Of repeal
He observed, that as to clip; or cogged gole
it circulated by It's weight and therefore i
Katsered not how much it was cut. Il can
not be good policy, continued Mr.. Jackso,
while other nations are offering bounty
for Us to prevent a circulation of foreign
coin
Mr., Varnum said thai the gentleman
from Pennsylvania Mr.. ]. Clay, seemed tt
ground his objections on the danger o
coun,erfei,s. A great many people were
so lttlo used to the circulation of coin, tina
they might be as easily deceived by eoun
terfei, dollar of the u. States as by a base
Spanish dollar.
Letus look for moment, continued Mr.
Varnum, into the state of the money in ths
country. We have great deal Of babe,
it is true; bat at distance from bank,
man may 60 without his dinner, and trave
many miles without assistance II he has no
thing but paper money with him. Whencs
this scarcity of coin? because such larg,
quantities are taken ont of the u. States
while Ike banks horde it up in their boxes
and in its place Issue their paper. Hence
the distress for want of coined money-ane
thas, added TO the restrictions on foreign
coin, weefeel the effects ofthe scarcity.
On division on MFR. Varnum's motor
there were in the Affirmative 79-Carlied
The bill was then read with the amend
nent, which gees to entirely repeal it.
Mr. 6. w. Campbell offered the following re-
folutien.
Rsfotved, That committee be appointed t
enquire whether any or what, amendments o.
alterations, are necsfary to be made in the ae
to regulate the trade with the Indian tribes, ans
to.pre!erye peace on the frontiers" Carried.
The following reiolution was adopted on TIT
motion of Mr.. Cooke.
Reiokved, Thar the committee OF Commarc.
aud Manufactures, be in&rueted to confdsr tbt
fcyeral acts relative the bounties Oh falted Fin
taken 10 vefels of different flies, and TO enquire
what alterations are nsceGary therein to equaliz;
zach ssounties.
Mr.. Stanton moved,
That committee be appointed to enquire into
III. fixing The falariss Of the Collectors, on I'M
potts and tonnage.
Several petitions for poa Offices and poe.roads
were prcfen,ed---one, 70 alter the road betweer
Staunton and Lexington: another :or ePot-roal
from Berlin to Cumberland. Referred 20 th;
comu,iste Of Poa offices and PoA.rosds.