The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-05-25

nua expense Of keeping up the mint during the last ten
wears has been, average, $55303. Now, Is the
Government to be put 10 expense OF this kind, when
10 be kept up at an annual expense of this amount
ut was very well remarked by the honorable senator
from Maryland, that there will be very speedily, in all
M 4 10 be the case OF the gold which the mines
~ ihat country yield will be made into coin thereinto
American coin, That will not require recoinage when is
honoh 10 the Atlantic seaboard. And have no doubt
hat in the course of very short period OF tme if not
nrng The present session, there will be branch mint at
San Francisco and when that is the case, instead OF
there being an increase OF gold annually brought to Phil
dsnha for coinage il will decrease; for the probability
i Thai most OF il will be coined, and be part OF the cir
eolaing medium OF the country Why then. should the
country be put TO an expense al this time, when there
4 no necessity for il
have great number OF statistics upon this point all
Of which would be interesting Since the establishment
the mints Of the United SlaesSl45, 1877 1893 81; in
round numbers 900 q gold, 100000 Of sill
yer ~ 100000 Of copper Now, when the mint is
ablshed in San Francisco and the mint in Philadelphia
has capacity TO coin $40 000,000 yearand have
doubt but that s capacity Is still greaerwhere is the
necessity Of putting this government to this great ex-
pense Why as they do things In the great metropolis
Of this country. the mint will cost million OF dollars
10 begin with believe the custom house cost 81 200,-
OOO Now according 10 that scale Of expense, the gov
eminent will have TO pay 100000 year 10 keep up
this mint
have no doubt II mint be established at New York.
we shall have applications for hints esewhereapplca
tons founded reasons quite as substantial those
given now. We sha see claim put up for mint at
Charleston, at ST. Louis, one at Savannah and all
the northern cities will follow suit, and be asking for the
same benefit be rendered TO them Now, the gold that
is brought into the country all be coined at Phiiade
phia and be put into circulation immediaelyoften the
same day on which i il deposited there repeat that
can see no reason for thisa ALL Now. ii is to be
membered that this mint is established at New
York. the mint at Philadelphia ceases to be mint Both
at the same time cannot exist so near each other SO that
ths in he
the mint al Philadelphia With all the blessings with
which Nature has endowed that great metropolis, 80 well
me- they ought 10 be willing that some OF these incden
tai advantages should be reaped by their sister city, who
though humble is now treadng close upon the steps
Of the other can tell the honorable senator from New
York, that at the next census Philadelphia will show q
population Of 100000 and in 1860 New York will
have iass iSs Il heF ,b nIs ess shall
dent then the mint at New York will revive, and there
fore there will be no danger ia establishing one there
has 50 happened in me course Legislation here thai
York has received the most acve lant, and unyied
ing opposition from those who reside in the immediate
vicinity Of those minis already established The opposi
ton is am bound TO suppose upon the highest public
considerations, but so happens II is one OF the things
cannot account Tor.
Mr. BADGER, lin his seat) Amere accident-a mere
MI. DICKINSON. The honorable senator from Penn
syvana who has Just taken his seat takes strong and
decided ground against the establishment of mint in
New York. and bases his opinion, he tells upon
formation received from the director OF the mint in
Philadelphia by letter; which letter suppose y public
because | am quite sure have seen it in print
in the public papers. II was, too, presented to the
Senate, and referred to the Committee Finance !;
and thought could discover very active sympathy
between that letter and the speech OF my friend from
Maryland-a remarkable coincidence in sentiment and
language, and which induces to think he spoke
if without book, at least not without letter. in regard 10
this matter. The director of the mint al Philadelphia
speaks with little feeling upon this subject He
discusses some three principal points, one OF which IS
the vast expense that mint at New York would occa
sion the government. He tells how much Congress
would have to appropriate for IL annually and enumer
aes the annual appropriations for the Philadelphia mint
by way of illustration. Well, sir since Congress makes
the appropriation itself for the expenses OF the Phiadel
pha mint including the salary OF that excellent Director
| think he might have been excused from that service
which he has rendered us in this respect without any
material detriment TO the public interests. We could
find out what appropriated there without having that
bugbear placed in the way Of legislation by The director
Of the Philadelphia mint He tells u.s. too that this mint
has capacity 10 do all the bGsness-the that
tors tell U.S. the argument; the same thing. II
thus rue well as the further we remove IRON the cen
tal point, the greater the capacity increases
Now, SIR, is answer to say that it coins all that
goes there, which, bytheb il has not done for the last
year. as have already clearly shown Let us look al the
statistics; There received during the year. lew years
SINCE, BY imporations S24.ooOooo and upwards mostly
foreign coin s. 100000 annually received IRON
migrants, which is all in foreign CON- and must be
constantly reminded that the Philadelphia mint has the
capacity Why, cir, during the last year. with all her
boased capacity, she has coined but and some
odd thousand OF gold, while 100000 and upwards
Of gold actually deposited there for coinage from
CALIFORNIA; 30 that her capacity, over and above the Cali
foma deposies alone, al best only 80 900. Now
suppose that the vast amount OF bullion and foreign coin
in the hands OF individuals and the government, which
has been and again must be inevitably thrown upon her
al some time, had been deposited there, what would she
have done Ii is reasoning upon false premises entirely
10 say that she has got such capacity AZ well might
you say that country mill has capacity 10 grind all Tor
the surrounding country, because has ground all that
when stationed at point which could not
lawyer OF Philadelphia, or the mechanic, the shop
keeper the artzan, has capacity TO attend TO all the
business OF New York. because he has done all that came
10 him.
Many resorts have been taken, and by the direc
tor OF the mint al Philadelphia, 10 the expense OF
mint in New York. The bullion is TO be received in
New York, subjected the risk expense, and delay OF
nanshlpment 10 Philadelphia, and returning II 10 New
York in coin The expense the honorable senator says
svery tring Why, sir, the reasoning - utterly pre-
poserous and unsound II is the duty OF the govern.
ment 10 establish mint at the point OF its commercial
CENTRE where the deposition can transact hrs own bust
ness speedily and every that Is urged against This
iase and artlhcial, and attempt 10 make commerce
run INTO forced channels-ke forcing water above iis
level uphill, where Il will 20 You may derange II
Of ufn ASIDE, but you cannot force u into channels
winch NJ not wont TO traverse in ordinary times II the
vast amount OF bullion seeking coinage does not find ia
sllhes al New York, il will not be coined anywhere
Some OF will be forced 10 Philadelphia. il has been
under an arbitrary government order but the ordinary
Jaws oil commerce will not force II there small por-
uon OF II only will go there. And the argument which
he director OF the mint addresses 10 feelpgy that
the mint were TO be established at New York, the