The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-01-02

process his silver go TO the contingent fund OF the
mat
The legislation OF the country has been in all respects
liberal. just and consideae. According TO The existing
laws, the deposor is entitled 10 have his gold coined
without charge and The silver separated herefom ior Dis
benehl and at cost OF materials and labor only Tho
mln however, in the administration OF those laws, makes
heS hs msaaesi exssons from 1a taking tia, which 10
anu avoid lhe disageeabe and dreaded duty oi asking
Congress Tor appropriations
Las'y know, and am prepared show, that the coin
OF The United States has been debased and that the issue
OF gold coined during one year in OF the mins,
amounting to millions of dollars was so much debssed
thai II under serious consideration whether it should
not be entirely Withdrawn from circulation.
APPENDIX
MINT or rms UNITED STATES
September "a. 1850
OF your bill :. 10 facilitate commerce by authorizing the
manuiactue large rectangular coins ngots at the mint
approval of The object expressed in that letter. beg leave
TO offer some remarks upon It's chief provisions
The shorness of the time debars from entering into
much detail would otherwise be proper Permit mo
from NJ ambiguity asi. dssrsbs IN IN sSsstsa;
that the second SIXTH eighth welh and fifteenth sections
dent unsui,abiy paroeed out to the officers
mint Without waiting give reasons for these crit-
TO the sections which believe be practicable in their
The second, fourth. seventh and sections taken
gehe provide for the casting Of coins ngos Of specific
Thousand dollars. q hope you will mo here Tor
pointing Out the impropriey OF the idea OF "cas'ing
proper and sufficiently 1t requires that those ngots shall
be adjusted with accuracy Of fnenes and weight far
namely, the halftousandth in neness, and the two
,s be u TO an
or coinage on each Of their six sdes and ovor tho whole
Tue practice of European nations proves that it doe. ia
cate commerce have large ingo bars OF gold Of an
Caiiornia nanllesty desirable staple prod
uc SO far is intended for expectation, or for very large
dealings, might be legally put into this iorn just a tho
cotton OF Louisiana concentrated into bales but then.
how does l. become necessary or desirable 70 ada.. then
an International currency, and any stamps or uac''y.
would not save them from being sabjscted to fresh wsh
ng and vauatonour troy ounces would DO hgufsd
and cara gain.-our even sum Of dollars into pounds.
francs rx dollars and their fractions and not only 60
or twenty dollars in an ingot Of ten thousand We have
been able take the commercial bars of Europe any
more than their coins, at their lace. aN
The argument from this Vs. that all that the miner or ira,
ands for many thousand dollars, but that
it possesses definite mint value, resulting ffom known
adjust any given standard Of nne
ness to specific weight, nor to round value they
may be Of any weight any fneness any value according
as the banker miner has bullion to be put into that om
As to the stringent limits OF weigh, and hnenss; stated IN
ness operations and although will rot undertake 70 say
would be an impo.sby. provided there were an unn-
tied amount OF time and money yet do not hesitate TO
seis The peculiar exterior aspect Of gold casting IL
better preserva!iye against the arts OF cutting and filing
pended IL Trusting that you will receive these criti
e.ms in candid and courteous spirit in which they are
matter would be regarded as important now beg leave TO
omitted all the penal provisions except to The
sayer entirely unnecessary and happily So as would
tion have also Omitted assay Offices" have
been created by separate from mnt. and when they
a' sss of ,l dis act, - ~
r. M PATTERSON. Director
Hon. w. M GwIs, United States Senate.
bill 10 facilitate commerce, by authorizing the msnu-
oue and issue ingots OF gold at the f"t Of iAs
Unifsd States and its branoho
l. BE it enacted That it shall be lawful mauufac-
ure ingos Of gold the mint of the United States and
branches whenever the shall be requested by tho
sudh de- poofs in payment ,hereoi P,ord.d That such
shall be OF less value than ten thousand dolaIs
are issued shall be Impressed with the words lsT or
rHK USIrKD STATES, with the addition o the name OF the
mint. with such further stamp. as shall indicate the regis
tered number and date ns "a inc
and the value in dollars and cents Every such inso
shall also be accompanied with memorandum from the
treasurer of the mint branch mint, stating the paicu
lars in TO the depos'tc as is now customary In re-
g. Be further enacted That the respective duties be
performed in execution Of this act shall be assigned by the
director the mint subordinate officers o the mint
branch mn with the appreciation OF the Secretary OF
the Treasury ia such division and order a. Is most csmp.
Provdsd That the only accounting oihce In this CASE
Be Il fmthsr enacted That gold bullion Deposited for
the purpose contemplated in this act shall be subject 70
aud deductions and other, imposed
by law bullion de posted for coinage
5. Be Il further e~aeed, That to secure due accuracy
duty of the Secretay Of the Treasury from me to time,
check to be made under the supervision OF
director OF the Mint OF samples from ingo which Nay
received into the of the United States, and IT,
said director shalt certify the tao the SEQ
reary OF tho Treasury and tho President Of the United
States, and the in fault shall thencefouh be dis
qualified from exercising that Office.
g. Be further enacted That all such ingos shall b
ceivs BILE the United Staes OF every
at the net mint value stamped upon thom,
and atested by the accompanying memorandum
vrck.susc, (Miss,) October, 1850.
Sp have received your OF the oath ulsmo with
proposed substitute for bill and have considered
and views they contain In that candid and
spirit which invoke of the ana In winch
am assured they were Intended 9xH
IL is evident that while sgrec the general object Of
differ. perhaps iTreconctaby.
desirable REQUESTS
The gold bullion California for that purpose, and that
advantages sought by me have been by you overlooked
Under such shall dscuss the subject gene
rally and further criticisms suKgestious from you, In
reply will be fairly considered lg flrIf.
You should believe that have subnittod bill
so important subject the consideration Of ConRTsss
without having ob,aned and avaed myself 81 fu iniom-
and provisions embraced In IL, sAsiF minute
The object of pour proposed sabstsus spPoa - - -
lntFoauce into country crude, pQUreA eQ4 un
itsd ineos systsm Of European banksF dsha1 ehts1t
International exnha systBn WhaoM Gn4Ds eo1-
which propose subsuss ard law sspbnsM ~ la-
ohloh - <6Q - A6nUotoo