The New York herald., 1851-12-07

MINT IN NEW YoRx-RrDIcULous OBJECTIONS
TO r-Among the ridiculous and absurd reasons
urged against the establishment Of mint In New
York, by the opponents Of the measure In Phila.
dclphia are, that New York is the grcat centre Of
exchanges, where balances are paid, prices regu.
lated, and whence coin and California gold are cir
culGttd throughout the whole world that mint
in New York would be engine In the hands Of the
London bankers; that the time Is coming when
the commercial and monetary supremacy Of Eng
land will be transferred to the United states, and
have its centre in New York, instead Of In London
and that New York is the great cen,ralizing power
on this continent.
Was ever such trash aud nonsense utterei3
Why, the very reasons thus urged agains, mint
in New York, are the most potent in favor Of the
project. II is because New York Is the centre of
commerce and trade in this hemisphere, that mint
is needed most here. She has attained that posi.
tiOn by her own energy, and she will keep it,
whether Congress will authorize the establishment
Of mint here or not. Her position is impregnabe,
and cannot be sssailed by any power, Congressional
otherwise. As for Philadelphia, and other cities,
they will remain as they are, merely suburbs, sp-
pe1dsges 10 New York-small planets revolving
around the The writer Of this trash Is incom-
petent TO speak on the subject OF trade or com
ntrse, when he assumes, as he does, that Congress
can regulate them, and prevent New York from
becoming the metropolis and great central and
eOntr bling power Of the world in finance. By his
argument, Congress ought, in order TO preserve an
equilibrium throughout the United States, pass q
Law that New York shall not have 80 much foreign
commerce as tbe has, or own many ships, or have
such large population as che has Congress ought
to 70 further even than this for there are other
places which are rising more rapidly than Phils
delpLia. On the Both OF October last, there we're,
IN the harbor OF San Francisco four hundred and
City ships on the I'd Of December Instant there
were, In Philadelphia, only ninety-four Such
dispfoI ortion 10 not TO be tolerated. In New
Yois, On the 10Th Of November, there were six
hundred or swelve vessels. Worse again Indeed,
re1t 10 New York, san Francisco has larger
commerce than any o.her.city in the United States
although IL is bat a place OF yesterday. This i
not 10 be borne by cur Philadelphia brethren, and
Congress must be appealed to on the subject; and
yes The same writer advocates the necessity Of
mint in San Francisco, which is becoming the cen
Trailing and controlling point on the Pacific, and
opposes one il New York for a similar reason
Cur smiable friends 10 Philadelphia have either
rot studied political economy at all, or studied IL to
nolurose. The laws which regulate commerce
sIt as snthsagea5e as those of the Medes and
Peissnf hey sTg like the Law Of attraction or
gra1'aiiont vhist pervades al nature Where the
ncgi attraction s, there will be the most commerce
Lrgiilators have t.nkered With the subject from
tnc inncnoial, bat they did not affect the ope-
ration Of these lare or suspend them Tor moment
Hut We vii have g mint IN New ork, aud Goa
G-eu I'll ssre.cn i daring &c prss:aI ssssie-,