The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1845-03-27


s,aa. bsFs lsferisd - apPropiillign q
s2s 600 ios he srseAan o. lhe ufressaEg ]
evilSines. and 80. 900 Cor ne rrpais sbd
pusrhass 81 sthiaery. tapls. &e. The
sad coagn . ESTABLISHING branch ninis
w1 approved % the a March. l635.
sp5 spp. oprislsd $50. coo Ior he brasrh
4 charlolls. Nonh Caro.ins. lbs
brsneh 9th he ohers then established.
sent inGn operslion dsEing lbs yssr 1883.
aud eonsinutd is epsraiions ussh inessss-
ing sseesss sd bsnsfl % The eosDEy.
III July last. ahsn The principal balidine
and most Of lse naehinery vas destroyed
by IRE.
The Law creslipg ihis branrhninL Nc.
Chsrnan. 10 still unrepealed, snll n lo'ee
on youl statute bOok. and there isnow pend
ing before Congress no proposition Iors-
real l.. might. lhsn. or, uel rest VIZ
p,oprlsiy and necessity Of this spfroPris-
.on on The duty Of Congress % eariy IN
10 effect The prosisions Of lss wbichis
snll 10 sxislenes and obligatory IN iis m
functions. ihough is object has been iem-
porarily delealed BY IN event over Which
we bad no control. ! might nly With
The greater confidence on this duty 0l
Congsess. especially . The policy Of The
branch mint. has been repeaiedly con-
cured 10 and re-sfirmed BY congfess !;
and hertiofors every sllsnp, 10 sbllish
them. directly or indirectly, hss sisnslly
failed. These attempts. too. have been
unsuccessful when The reasons lof The
coninulnee Of these establishments we're
less urgent and forcible Than at present.
| uu.l. sir. this body will no, be disposed
20 avail iself Of The ublorlun,te desirDc-
ton Of the branch mint 81 Charlotte, and
make an invidious dishncIian, injutioGs
especially 10 The section Of eouElry re.
present, and large portion ol The South
By d..regarding aIaw nos in force. and dis.
continuing the operations Of this mint. 10
The midst Of The goldIsgion. whileihe other
branches are KEEP, Or. The question then
recurs. ought The branch n.ins 10 be ron.
tipuedl Was The policy Of their establish
menI Just and proper one, and have The
objects Of their creation been .tl6.ledthus
fart And, il mot fully answered, have their
results been such % 20 justify the Govern.
meni in sanctioning ,heH continuance! !
feel more disposed 10 enter upon these
q neral inquiries. as the motion Of the
gentleman from New York, lMr. P,si,,)
i. equivalent. in FACT, 10 . proposition -
abolish this branch nint al og,ther. IL.
decd, sir. he has 50 declared his purpose
10 b.,
lha,s.. Mr.. Chairman, under al cireum.
stances, since the important results Of lie
discovery Of the gelI region, been the I'D.
vocate Of these ms buttons, properly es-
labished and conducted. The power 10
coin money is one Of the highest pfsro.
gail es OF sovereignty. This power is eT'
cluiUelg in the Cereal Government,
The Saes, by some Of whom j. was ex
ercised through thei own mints before
trely surrendered it BY ,hsl insmnmtni
Bni. in this surrender, tits apparent. from
the construction then given 10 The Fede.
raj Cousirution, and especially from No.
IL oil the Frderali.t. written by Mr.. Ma
olson, thalille STATES still claimed The right
10 have lpcal minis under The new Gov err.
men, Il they were deemed necessary IN
their interest and The public good. lit be
SAID Mr. Chairman. that Tie prime pal mnl
al Phlladelphiahss the means TO coin all the
COLL and silver bullion that will probably
ever be taken to il fnr that purpose, the
admission my well be made made, aud
YET The argument is not 10 be ans sered
Il Is The duty Of the Government, having
The sovereign power OF coinage and re-
gulaiing the value lhere.f. MT merely To
coin money. but To d;igass..and distribute,
a lar as pr cticsbIc. ITS coiasge IN IS own
country; - afford facilities fpr The arqusi-
ton and accumulation uf bullion; 10 les
sen tie rick aud expense Of it. lranspnrla-
lion To The minis, and 10 loser aud en-.
Courage its production and conversion IN
- coin. The precinus metIs cun.ti,ute
The only true basis Of good paper cur.
reney, besides furnishing the s,fe.t cur
rency Of themselves when coined int,
money. This basis should he a, wide
AMI a. strong as possible. crnsisten, with
the and wants CONDITION Of grea Gunner
Ga! nation. g..
These. sir. are approved and unqurs-
iIonahle truths. not of sectional. but Of
high national importance. In a country
oil so large an extsn, as the UDitpd Sites
embrace. one mini for coinage i. made
quaie T., answer all the purposes of this
power in the Constitution. This lie espe-
eIa!ly true, when the mo,htr minl is al
point 81 distant frou The g Id regions.
u the Intercourse bttsren The different
portions Of this country was more easy
and less expensive Than i. il, especially
from The interior Of the gold regi n to the
ssaboard, there might be parhap, more
force in he objection to add.uoaa. min,s.
What. sir. has been The policy Of other
nations in this respect E9en il Eng.
land. where, for obvious reaso IS, there is