The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1850-04-27
TELEGRAPH DISPATCHES.
CONGRESSIONAL.
WAsHINoToN, April "a
SENATE.

SENATE.
Mr.. Webster called up the resolution offer
ed by him yesterday, instructing the com
mittee on Finance to inquire what measures
may be most expedent to facilitate and in
crease the coinage of the United States.
Mr.. Webster supported the resolution in
sumo brief remarks. By the existing law on
ly million OF coin was allowed TO be placed |
in the mint to be exchanged for bullion, and |
much Inconvenience had been experienced of
late in consequence of the insuffciency of this /
sum to meet the requirements of the business
of the mint. Owing to the time consumed /
before the bullion brought from California
and deposited at the mint was transferred into /
con much of the bullion was likely to 90 to
England for coinage, where large amounts |
of coin could be procured from the Bank of
England within twenty -four hours after the
deposit Of the bullion. Many orders for send
| ing gold to England had already been made.
There was said to be now in the mint eight
millions of bullion awaiting coinage, ndthere
was in the Treasury Of the United States al
most nine millions ofcon and bullion making
the amount of capital living idle seventeen
millions of dolIars-a state of things iniu-
rIous to the business of the country. Has"
| ing thus stated to the Senate the facts on the
subject, MIR. Webster commented upon the
necessity of early action in the premises and
Mr.. Downs approved all Mr. Webster had
said, and remarked upon the difficulties which
had grown out of the resignation of the sub
treasurer at the New Orleans mint. He re-
ferred to the necessity of an increase of force
in the assaying department OF the mint in that
city.
Mr.. Hunter said the subject was under the
consideration of the committee on Finance
He stated that one reason of the great delay
was the separation Of the alloy from the Cal
ifornia gold
+ Mr.. Cooper submitted few remarks in ex-
: PLANTATION of the causes of the. delay at the
Philadelphia mint They did not arise from
the inadequacy ofthe mint to any service that
| might be required of it. 1t was fully compe
tent to coin all the bullion that might be sent
to 1t.
) Mr. Mangum expressed himself strongly
impressed with the conviction that a mint
: should be established at New York. He
t also suggested the necessity and propriety
G establishing an assaying Office in Caltor-
f MIA.
Mr.. Dawson suggested the proprety of
S providing for the deposit OF the public mon
e eY in New Orleans in some safe bank IN that
city.
= MIR. Downs objected to this. The deposit
5 of the public funds in any bank in his State
e would be considered decidedly unsafe. The
sub-treasury system in New Orleans had
p worked admirably well, and he hoped there
: was DO disposition to change that SYSTEM
Instead Of remedy ing its trfng defects, Mr.
I Dawson designed to suggest the revival oil
5 the old bank issue with a veiw to call ou1
/ from the Senate some tangible proposition
q calculated temporarily to relieve the people
ofNew Orleans from the anamalous condition
resulting from the absence ofthe sub-treasury
He hoped some measure of immediate tenl
e porary relief would not be defeated by any
e attempt to arouse party prejudlces on an ole
4 party issue. Ii the sub-treasury was founC
10 work well, he was ready to assist the
y Senator from Louisiana to render 1t more
d perfect.
it MIR. Hunter spoke against the banking sys
g TEN and in favor OF the sub treasury.
Mr. Downs followed in some remarks cen
6 surlng the President for having failed to APP
point IA successor to the late sub-treasurer a
New Orleans and intimated a suspicion tina
=. his nOn-action might be part Of scheme tC
n result in the abandonment of the sub-tresury
- system.
It Mr.. Dawson defended the administrator
n from the implication, The difficulty had ariseI
from the amount of bonds required from tho
sub-trcasurer; and surely it was not to be ex
N pectcd that the Treasury Department
would have felt authorized to reduce thu
:, amount of bonds, when the sums placed in tht
hands of the treasurer had greatly increased
re The President had sent to the SeEate a nom
ination of a sub-treasurer on the 18th March
and whose fault was it if the nomination. wa
! not taken up until the 10th of this month";
- lie called upon Mr.. Downs to Withdraw thu
implication upon the integrity of the Presi
dent.
le Mr.. Downs denied any attempt to pursue
"a the President, and regretted that the Sena
tor from Georgia had verified the scripture
lie The wicked flee when no man pursueth."
After some further conversation, the reso
luton was adopted.
III The Senate then went into Executive ses
sion and shortly after adjourned.