The southern press. [volume] (Washington [D.C.]) 1850-1852, 1851-02-05


vJandsae. Mr.. + sxhniesd some rsnsaE.s in
opposition 70 ~ jnccssSe Of ne nsnts. a: an
ing the mint at New York.
Mr. GORMAN hoped hat the voss on this
amendment would be made tess vote
Mr. BROOKS proposed an asnssdmeat smpow-
sring the Secretary Of the Trsssury 10 contract at
the rate Of 900 per anRnm for r. eonveysnce
Of bullion and coin bstwesn Msx Ipfk end fhi'.
adslphia, and requiring bonds Of my mi'ione Of
dollars He made replarks. going % ahow that
bonds could not be obtained 70 carly !qnf su9l
contract Gold and silver were not satisct t9the
same rates for transportation - psTsons sn4 {eer-
chandize. The amendment waS re]tcted.
Mr.. EVANS, of MAryIasd, rsfsrred to Great
Britain, France, Austria, and Russlas u which
countries the mints were far removed from the
great commercial e'treposs. He thought Cblifor-
MIA was the most appropriate location TT branch
mint. II the expense Of Transporting gold be-
tween New York and Philadelphia was $3.50 900,
that between California and New York was At
least two and half millions OF dollars MIR. z.
referred TO the proposal 70 transport gold bstwee
New York aud Philadelphia for $i5, 000, and said
that there nothing to justify the prodigiouS
expenditure required tor . branch mint al New
York
the mint at Philadelphia was incapable Of coming
one half Of the pieces required for the currency.
Referring to the onerous tax for transportation.
he stated that il mint was established at New
York, not dollar would 60 therefrom 10 PhiIa-
dslphia for coinage. His course was determined
by the wants Of commerce, and not by any par
TALLY for New York.
| Mr.. GORMAN referred to the struggles OF
New York to effect this object, and said she was
fast becoming to this country what Paris il to
| France. San Francisco was but the shadow OF
New York, the type of that great commercial
city. Through the immense delegation from that
/ Sls- az l..
ton Of the country than any other five States.
He warned members from other portions Of toe
country to beware Of her overshadowing infu-
cnce ~
Mr.. MEADE considered it impolitic in the
present condition Of our finances, TO enter upon
the construction ola branch mint at New York.
The Philadelphia mint seemed competent to coin
all required oft, but the convenience other posi-
ton was the great objection. Mr.. M. llkened the
matter to the case OF gentleman, who having
built his mansion hundred yards from spring.
should subsequently pull It down. and rebuild it
near the apring, to otviae the labor Of carrying
water. This would do where the means were
ample, but not il the owner was involved in debt.
II is admitted that the expenditures ofthe Govern
ment will far exceed the revenues for the coming
year. He feared that the public debt would not
be discharged in many years.
Mr. HALL quoted from former report Of
Secretary ofthe Treasury, recommending the ca
view to a re-coinage the specie Of other coun-
tries brought into New York by foreigners.
Mr.. BAYLY stated, that that recommendation
arose from the necessity of providing gold coin
age for the country. There was then no other
way Of effectng the object, but since the dscove-
Try Of California, there had been more gold than
was needed for the country. Mr.. B. thought il no
longer desirable to re-coin foreign pieces. They
were more valuable for export, (when exporta-
ton was necessary than American coin.
Mr.. STEVENS, Of Pennsylvania, proposed to
amend the hrst section Of the bill by striking out
New York. Mr.. 8. addressed the committee, and
was followed by Mr.. BRoos.
The question was then put, and the amendment
was agreed to-ayes 10, noes II.
All the remaining sections Of the original bill
were subsequently stricken out
The question then required upon the adoption
If the substitute Of Mr.. BAYLY, which provided
for the issue the assay Office in California Of IF
ty, one hundred and one thousand dollar bars and
ngo,s Of gold, which to be receivable for
public dues. Penalties for counterfsiting were
also imposed.
Mr.. SCHENCK proposed an amendment abo-
ishing the min,s at Dahlancga and Charlotte, NJ
| G.. Ruled out Of order.
Mr.. WRIGHT made some remarks, showing
! the necessity Of additional mints to supply the
wants arising from the vast mineral resources Of
California.
The vote was then taken by tellers upon the
substitute proposed by Mr., BArLr, and il was
adopted
The committee then rose and reported the
same.
The previous question was then demanded. but
before the vote was taken, it was moved TO lay the
bill on the table. Negatived, ayes 70, noes LOG.
The House then adjourned.