The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-01-15
Gia.239 8 LIZ 600
1886, 900 1891, OO(


for specie in this country New York and New Or
leans. The former city has mint, and the latter q
branch mint The mother mint is located in Philadelphia
city that is celebrated for its small supply of specie and
the great abundance Of paper The city OF New York
before any other city, should have the principal mnting
establishment in the Union. We see that the Hon. Zadock
Pratt from the eleventh district of this State has made
movement in this business by giving notice Of his nten
ton to introduce bill establishing mint in this city
This gentleman has during the present session of Con-
gress been actively engaged in causing the government
to give complete official reports of the trade
merce and internal of the country Every in
dvidual connected with the commercial movements o.
the United stses have labored under series disadvantages
in this particular. The nations of Europe particularly
the English, make the statistics of commerce and 60
vernment very great feature The continental go
vernments far in advance of in this business The
member above referred to- could not advance the interests
of the commercial community rapidly than by in.
Producing and carrying through resolutions Of this nature
According to the last returns of the banks in this State
the amount of specie hand reached Sll 5027S The
banks Of Massachusetts,, 81 29ssl5, which, with thu
amount in constant crculaton-tha be otherwise
than esmatedn all the States east of New York, woud
give total not far from $25,OOO,OOO. This immense
amount in north and east of Philadephiathe most
northern mint in the countrywth the imports OF specie
from abroad nearly all Of which have pass through the
mint before going into circuation-thc probable exnc
ton of foreign coin in consequence of the depreciation in
value-the immense receipts of revenue at custom
house and post office which in specie its equva
lent, are very strong arguments why there should be
placed in this city the principal mint Of the government
With exception, New Orleans the most
spots have been selected for this important branch o.
and trade, viz philadelphia Dahlonega Ga,
Charlotte N. c., New Orleans, La The value of the
gold and silver pro uced in the vicinity of the minis
of North Carolina and Georgia. is but ring compared
with the immense sums II anspored from the cities Of the
north who have minis those of the south who have
The merchants of New York ask little aid and sup.
port from government those of any other city of the
Union Their enterprise and capital places them indie
pendent of any exclusive local advantages all they ask
fair proportion of the few facilities government has
the power to extend.
The State paper Of Illinois, justly complains of the
adopted by the press of this city, as regards the
movement of the Legislature State in relation to
the proposed completion ofthe Canal Wehave repeated
y taken up this subject In article of Dec 25th
made the following remarks =;
"There has been circulated quite extensively in this city
circular for the signatures OF those owning land in ILL
nois to Governor Ford calling him the Lee
gsature speedily possible to settle the question
at the earliest moment This document will pass for what
it is the worth in the opinion the executive Of the State
and feel confident he will not be swayed by its
whole business, and annu the efforts of the commission
who have spent months in bringing perfection their
his whole time this in urtherng the best in
erest fhe State in everypossbe manner The arguments
used in favor Of an immediate session Of the Legisa.
ure that the present members intimately
quanted with the history question and that the plan
to complete the canal and pay off the public debt which
introduced by the members that would compose any
assembly called before next winter This view Of the sub
Ject sound, but the population Of Illinois alone the
judges OF what Is expedent and what not they the
fall Inl
them the most feasible and economical pan enable
them to pay of the bulk OF their public debt and
all these advantages placed plainly before the people with
length OF time granted sufficient for the to digest
the subject with the efforts made to every
one thoroughly informed as each individual act
knowing the result of his movement; IT, after all these
things are carried out the representatives directly from
to levy tax the purpose required the blame and dis
grace be on their own headsn
The Illinois State Journal says 1.-THE Legislature
will not be called. call of the Legislature would pre-
vent the holding Of the spring terms of the criminal
courts in every county in the State" But this the
only objection The policy of the members that composed
the last Legislature is well known; it is unavorable to
the levyng of it would be death to every hope the
friends of the work entertain in giving legislature that
would be composed of enemies to the advancement,
opportunity to defeat the plan proposed before he first
step had been taken to carry into execution BY giving
the people of that State time to think the subject by
using every exeron to have the matter perfectly under
STOOD the members of the next Legislature will receive
instructions from their constituents what pur
sue, and what to adopt. This is very mpor
tant subject not only to the State of Illinois, but to every
State in the Union, and to every individual holding
single share of State Stock The move made by the
State of Illinois, the first of its nature and if successful
the consequences will be dcplorable The parties inte
rested have great stake play and the greatest caution
should be exercised to insure favorable result Col
Oakley is on his return to Illinois, and his views will
doubtless change his arrival there, regards inn
mediate convention Of the Legislature.
State Of Trade.
FLOUR AND GRAIy-I is visible in market that a
desperate effort 10 making to raise the price of flour &C.
nesee Is held at $40 With stock VI four hundred thou
sand barrels in this city and increased stocks In all other