The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1843-02-16
SG93,ll5 %
sbG6. e3.5 90

and showing large increase in the last year. In
fact S2l7 loi % of this amount has been receiv.
ed within the last sixteen months or since tie
18th August, lstl, when the present Supcrinten.
dent took charge of the Institution
1t is true that the amount embraces a few thou.
sand dollars annually received from the neigh.
boring Districts Of South Carolina, but does not
include very large portion of Gold Bullion, that
our merchants find It more convenient and profit.
able 10 take TO the Northern Cities, and sell to
the Gold heaters and traders who convert it into
plate Nor does it include large quantity of
Bullion that is annually stamped in the County
OF Rutherford by Bochtler, who by making his
hermsphrodite coin of less value than it pnrpor,s
TO be- induces many individuals to take him their
Bullion and pay him for Coinage, when they
could have it coined at Charlotte or Philadelpha
free of charge. 1t is possible however, that il is
/ not known TO large class of miners and dealers
IN Gold, that all the expenses of Coinage at the
Mint and tie Branches are incurred by the Gov.
eminent, and that the Depositor receives in pay.
4 ment for his Bullion, whatever il will yield in
STANDARD coin, without charge for the alloy fur.
nished, or expenses Of separation unless there is
u very large portion of Silver found 10 conbina.
lion with his Gold; (Which is allowed to hn)
then, in that event the Mint receives nothing hut
the actual eS penses of the separation and the
value ofthe alloy and the necessary consequence
must be. that if Bechtler be correct in his coin,
which he pays his depositors. they must lose
the per centage they give him for Coinage, and
have in exchange for their Bullion, coin which
will not pass at par, beyond the immediate vicin-
ity Of the Gold region where they are coined
whereas if they get their bullion coined at the
Mint, they receive coin that they can sell Ut II to
per cent premium.
In the present embarrassed state of the coun
try and the extreme low prices that the Agricnl
tural products of this region command in the
surrounding markets, 1t is certainly the interest
Of all to extend the mining operations as far as
practicable. Take the products Of the mines du-
ring the last year, and compared with the pro.
ceeds of the agricultural products, you will find
that this is the only class of labor that has Weld
ed much profit. Here is sl74,4O7 i worth of
Gold brought to the Mint alone, that has boen
produced from few counties, when labor in the
ordinary occupations ofl'e has been Improbable,
and added to tho actual circulation the coun.
try, thereby benctitting all classes of society,"
What would have been the situation of Western
North Carolina without the relief furnished from
her Gold mines Situated in the interior Of the
country-dIstant from market with no staple pro.
ductOn that will command money-with but few
Banking facilities, and the most of her citizens
moro or less embarrassed-she has been enabled
from her mines alone 10 procure the best circula.
ting medium--to give home market to her sur.
plus productions furnish her merchants with
exchange upon the North at par-and in fact
strengthening the Banks of tho State by furnish.
ing them with a larger specie basis, and enabling
them to extend their accommodations to the
public.
There is no class of our citizens, who are not
more or less interested in the extension and pros
perity of our mining interests, and who should
not feel interested in the investment of labor in
this enterprise.
have written a much longer article than
intended, but hope it may have some good effect
in drawing public attention 10 the importance of
our mining interest
Yours, respectfully.