The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-03-11
THE Union.
Prise Of every description

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be Tue motives OF these governments what they may
whether The movement has any reference gold towards
reducing rs value because as become staple Of the
United Stateswheihsr II be local policy OF their
own OF what else, does not matter If we remain hrm
nolmosed theH aelonr-let our standard OF coin alone
the result VIII be a. stated. Why should We suie the
initiatives OIL other governments 10 lead US 10 this mat
Teri we VIII lead Tor ourselves we have The power
England seems % understand her interests well at present
N ielauoa 70 gold currency she keeps iegaiendsr OF
AS the acquisition OF California has given US gold
staple, we should be thankful and cherish we should
have all our currency operations that metal II we
act thus wisely. increased prosperity will be impaired
70 all our economy steady impulson and support VIII
De gwen 70 agriculture, commerce, manufactures
ninlngs-all our observation-disclosures ythng The
world has ever Let other nations poieize as they
mayh we do not tamper WITH or suier ourselves 10 DC
influenced oy Their specie modhcaons-li the mines IN
California should realize experience and examination
warrant, OF which there doub-our gold staple
Will have It's weight its influence ~ the trade OF The
world be The currency OF other nations what II may
And II any element wanting towards conserving
our industry and strengthening the Union, II was con-
erred upon US in the acquisition OF California we got
gold mines that will be inexhaisble for yearsgold
winch propes industry IN peace and MAINTAINS elort IN
There is some conjecture that gold may decrease in
value Not at all Our mines, from The sample so lar,
together with all those OF other countries would not do
more than keep with the wants OF the ratio increase
population OF the world. And should il be addnced as
admonion that Spain became enieebled through her
profusion OF gold and silver from her colonies, there IS
no parallel IN that way between her and the United
States Spain was then, as now, monarchy, wherein
the people were never OF age, always minors below,
without power; whereas the United States is vast
public, wherein the great masses OF the people are ever
the hxedac power that can never be gansald with
IMMUNITY and, has been said, we lead Tor ourselves
we have the power" We comprise thirty one States,
the least OF which is more powerful, through the moral
energy with which free institutions endow its people,
than the Spanish monarchy; bound together by
haoWed principetee self government-the only Sc
curly OF rational liberty; ENJOY free trade with each
other IN It's full extent each strengthening the whole and
Our gold staple will be the basis OF currency-an all
pervadng element of our power prosperity, and lnde,
pendence. Our government should not alter our gold
standard merely in conformity with the policy OF other
nations Oar great California gold staple found US with
present gold vauesome eighteen dollars an ounce
and we must use the advanlage-a golden advantage
tons chop and change they may Money will find It's
leve-go and come according 10 supply and demand-It
not inserered with by intrusive government regulations
rather unregulatons. When gold coin becomes
surplus beyond products, it will go where 1t may be
wanted, as trade shall demand.
AS TO the money standard value of other countries,
that affair OF ours we manage our own concerns IN
own way we use, or ought TO USE the measurable
advantages free government power coners upon US
for the whole good oil the whoe-no ritter IN partial
Fragments favor OF class, secton or individual The
gong coming OF coin or bullion 10 qudate balances
OF trade foreign intentional, is matter OF trade that
belongs to rade-to those concerned coinage system
is be adapted to foreign regulations or nations
but to the home polliy OF the United Slates-thIs Is
plain
submit these reflections from having read lew days
ago, speculative views IN relation 10 Holland and
perhaps or two other European powers, discadlng
gold as legal tender.
1t is pity that Congress had not at established
mint in Cafornla-one OF capacity TO coin up all the
gold that should offer Had this been done, the miners
could have had the results OF their hard toll converted
into con instead of having to sell it at San francisco
and the other towns for two dollars an ounce be-
low its coin value. There seems to be no reason why
the people of California should not have had mint a.
the earliest day: their peculiar situation and condition
! tpna nd cd II he q "A
them serious prvaton and loss and assaying their gold
into ingols for commerce, and mint, which has been
projected, would be inroad on the and advan.
tages of the coinage system that should be entertained
by government II is be depored that Congress will
not consider these circumstances rghuyhat all efforts
so far TO organize mint California have been defeat
ed and why That the people should look into, and
have Justice done to their brethren in California
Most respectfully, ~
JOHN HASTINGS
| Hon. J. CABLE,