The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-02-13
CON N ERCIAL.


Nxw YoRK, February Ia p. IN.
Tn, failure OF New Yoik ainl bill in Congress has
with the reasons given Tor opposing by some OF to mem
be,. been sourcs Of bio to Interested
u rites here on the prime pio lot those laugh whs WIN
Tho leading idea OF members seems TO have tss tns 70
place mint in Nsw York would help to .xxsand~' It.
add 10 ,s i'm porzacs and wealth Had either Of hose NON
bers consulted any Of their constituents c'nnecoa WIN
California he would have beon greatly surprised % nu
hat IL Is tho sSa~t Of mint which onrlcaes Nov A "
the Expense Of every constituency IN the counlfy !"
dor 10 show the practical operation OF tue mater WIN
state an actual transaction. By OF tho last steamers
from Chsgros cams passenger, returned o@hiohsh'
~ O00 gold dust, his way TO his home IN MI DIS
neys strict. Ohio. He applied to certain parties to know
what he should do with his gold. am, said he, " IN a
hurry to get to my family and the money soon as
possible Very well you have three modes OF proceed
ing You go Philadelphia deposite your gold get
certificate. and dsoounted you send your gold
by broker PHILADELPHIA paying Insurance, commission
spoftaton &c nc gct certificate, and get Il dis
counted here; sell gold directly 10 broker
The gold worth SIS 10 and the brokers give
SIG to Sit per ounce. Our friend had two hundred and
twenty and could get Si7 consequently, he
would lose 322s To deposte 1t TO send TO Philadelphia
would 5O commissions insurance, &c. and be would
then have certificate which could not be paid under
three noNhs--the accumulation OF uBcoined gold being
already $40 600 the mi This rtcate the banks
discount but Al full rate because OF the uncertainty OF the
OF It's payment Three monlhs' discount at per
$40 which makes the whole S22O little better .ban
sell to the broker But. then, will take week ten
70 Philadelphia and complete the opefaton and come
back would amount 10 about tho thing Finally, the
gold sold at VII per ounce and the Ohio
red home S25 less money than II mint adeqn the
Of California had bsen here. Ho would them the
morning OF his arrival have dep sc his dust taken eagles
and taken passage for home with S225 gold in his
pocket than actually the Tue and south
California sdveaturers in this way leave VI 100000 per
annum in New York. and large class is Do
coming wealthy by these contributions NV, western and
southern members whose constituents paying these
have voted against mint here the ground that
establish mint here at the annual expenditure ide for
thaln Pm lsdephia (viz $50 900 per annum and stop
these gold s.aving Of 100000 per anau,n to benefit
New York These Of tn practical Jokes of iegis-
laon member OF the "Unon Safety Jnunittee," who
has recently turned ont brilliant egupage the profits
of gold dust remarked friend all the free sellers
had voted against mint in New York. Ia order punish
the city for its Union propcnsities Tue difficulty with
members is that they view always from the govern
ment point of Tney imagine that the Appointment
OF few palty officers. at expense OF $50 per
10 OF more importance than the ievyng Of contribution Of
$685. 900 per upon their situents in order TO
enrich \ hundred brokers' New York must however i,
seems, bear the infection with resignation How meekiy
the several constituencies South aud West will bear il il
their 10 Jk.oat.
The spring basiuossis fairly and steadily under way with
considerable stcoks OF goods The at
port Tor January dist ngu hing dry ,ods bsen u,
follows