The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-04-25
THIRTY-FIRST CONGRNSs,
FIRST SESSION.
BY MoRsK's MAGNETIC TRIKaRAru.


BY MoRsR's MAGNETIC THI.EaRAru.
WAsHISoroN, April "a 1850.
rHx unrrsp STATES coIrAoH-rHE pErosrrr oy PUBLIC
MorEys-sus-rRKAsUnIEs.E Ero.
The Senate took up Mr. Websters resolution In rcla-
tion to the propriety Of taking measures 70
facilitate tho coinage Of tho United States
Mr. wEnsrER supported the resolution by the exist
Ing Law; million Of coin was allowed to be placed in
the mint TO be exchanged for bullion much inconve-
nsnec had been experienced Of late In Of
the insuciency Of this TO meet the requirement.
of tho business Of the mint. bill had boen proposed
in the other house, sugmenting this to two mil
Hons bat no action had been had upon It, In oonse-
qusnce of the time consumed here before bullion
from California left at the mint be transfer
red to coin, much Of 1t was likely to 20 to Kng
), procured fsom the Bank OF England Id within hn
twenty four hours after the deposit Of the bullion
Many orders sending to England for coinage had al
ready been made; the expense OF sending to England
for coinage only about one per cent, which was
readily by the interest upon the value OF the
bullion during the time which IL to await coinage
In our mint There said to be now In the mint
about eight millions Of bullion awaiting coinage there
~n in the treasury Of the United States about nine
l.ons Of bullion and coin. thus making an amount
Of seventeen millions dollars lying idea state Of
things injurious to the business Of the country Hav
ing thus stated the facts with reference the subject
Mr.. Webster commented upon the necessity Of some
action In the premises and asked tho adoption Of his
resolution.
Mr. Dowrs approved Of all that Mr. Webster had said
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