Weekly national intelligencer., 1851-10-04
THE MINT AT PHILADELPHIA.

| The Treasury Department has, we learn, receiv
ed various communications from New York stat
ing that, under the present severe money pressure
there, it would be great relief il the Assistan
Treasurer could be authorized to redeem the Min,
certificates issued for bullion deposited for coinage
There must be some strange mistake on this sub
ject prevailing in New York, as the Department
has placed bullion fund of nearly six millions OF
dollars at the disposal of the Mint for the.purpose
of redeemng all its certificates so soon as the bull
lion is assayed and the value ascertained, which
fund has been found ample for the purpose, and at
no one time for months past has there been less
than million of coin on hand belonging to that
fund, after redeeming all the certificates which were
presented. The last official statement from the
Mint, for the week ending goth instant, which we
published on the 25th instant, shows that there
was on hand upwards of five millions of assayed
god the value Of which had been paid to the depo-
sitors from the bullion fund, and only S5l, 800 Of
uaassayed gold. II, therefore, there are any out
standing certificates held in New York, il arises
simply from the fact that the holders have not
thought proper to present them for payment.
In consequence Of the renewed applications on
the subject the Department addressed the Director
to ascertain if there were any want Of means for
redeeming the certificates, or if any Of them had
been refused; and in reply, on the 9th instant he
states: " We have ample means to pay all depo-
sites the value of which has been ascertained, and
! in no instance has any such payment been de-
sclined. We have received during the present
week bullion deposites to the extent Of 81 100000
and have already assayed and paid of that sum
$l,Il0,0OO, which is dispatch that certainly
leaves nojust cause for complaint
The deposites of bullion are made at intervals
and in large sums, on the arrival of the California
steamers, when one hundred and fifty to two hundred
separate deposites are sometimes made in one day
Notwithstanding which, under the present efficient
organization OF the Mint, the assays are made and
the payments commenced in two or three days af-
terwards, and the average period for assaying and
ascertaining the value Of the deposites by any one
steamer does not exceed elk or eight days, when
the certificates forthwith issued for the amount,
and they are redeemable, and redeemed, on presen-
tation.
Should circumstances occur which may render
the present bullion fund inadequate to the prompt
discharge of all demands upon it, we are authorized
to say that the Treasury Department will not hesi-
tate to increase it, SO that delay shall occur in
the payment Of despositors, SO soon as their bullion
can be assayed and the value ascerained But up to
this period that fund has been found amply suffi-
cient. The assayed bullion now on hand, which
has been paid for by the bullion fund.- is nearly five
millions of dollars, from which the Mint is
making daily coinage of sl5o,OOO. and has be-
sides large surplus in con applicable to any GER
tiicates which may be presented for payment.