New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-02-03

s,,pbens Geo, Chandler Dsy;s nnd> ard Dean as re
rctnmce TO count Wednesday reXt, Ia con- JUNCTION
9th the senate Committee the electoral votes for Pres.
ien cad Vice President and inform the successful can
oAsfes Of their election
Mr.. RICHARDSON. from the Committee on
Territories reported bin 10 organize the Territory o.
Ne7aska which was referred % the Committee Oh tne
Whole on the State Of the Union RI,
The House resumed the consideration OF the
Senate bill an1enda,ory OF the existing laws TeaVe 20
the ba dollar the quarter dollar tne dine anu Ine Ia"
dime. e. 49,.
AFR. DusuAM resumed his remarks from yes
terdsy ia explanation of the bill He said thai during
te nssi wear over half million Of three cent pieces had
been coined and be would call the e9enhcn o. genre
,,en who object 10 Depression Of the coins by alloy
fat tose three cents pieces deprecste1 twenty per
cent In value therefore, the mint receiving the o.
yer Of the market value and coning into tnIee cent
pieces made last year $4,000 S5OOO " tbs sAn2e
Transaction There is also profit arising from copper
coin and other sources II we DO nOt1nGke cnangelh
The three cent coin, we VIII soon find the wnole cur.
rency of the country IN depeclated condiaon. A.
change the other Determinations Osliyer cO, there VIII
e less necessity for the coinage Of three cent pieces and
therefore lees profit from coinage.
II was proposed by the bill 20 impose segnorage
not only az te mint but a. the branches The coinage
At Philadelphia costs less than onehau OF ore per cent
while at the branches Ia New Orleans ard North Caroh-
ns the cost four per cent large expense thus IN
cured when neither Of those minis can coin a. much Ia
one year a. the Philadelphia Mint can IN two days
Gentlemen had suggested that the Committee Of ways
and Means propose TO reduce the value VI SILVER CON-
Now the depreciation three cent pieces twenty per
esnt and II the worn and clipped Spanish co nssyerages
Twelve per cent VIII lie the committee propose inst me
American coin shall be deprecated but Six or seven per
cent The demand for silver change IN thc country Is
m great that notwithstanding the vast depreciation In
the old spanish coins they MAINTAIN then1sges IN crcu
lsiion without any legislation whatever TINS being the
rsse he submitted ~ gentlemen, which Is besf % leave
fkues az they are tolerate this Deprecated out
Tofeign coin and flood the country with Deprecated
three centpeces, have silver coin OF he same rea
five value gold In conclusion he answered ooyec-
hons against seignorage.
Mr. JOHNSON Tenn regarded the character
Of the bill the veriest chArlaansm The idea Of Con-
sress fixing the value of this that piece If silver
gold, Ia absurd The Constitution gives the power TO
COIN money, regulate the value thereof aud Of foreign
ron, and fix the standard Of weights and measures:
When the Constitution formed every colony had
Tie power 70 coin its own money, hence the power was
conferred on the General Government 10 coin money
for the express purpose Of making the coinage uniform.
Bu IL Is proposed 10 violate the object intended by
fe trainers OF the Constitution by having two descrip
Ions Of gold coin and three Of silver All that Congress
csa authorize the regulation Of the value othe metal
and the stamping upon IT, the number OF gri0s to rep
reept certain amount OF gold or silver. Tnis he re-
peated ia ell that can be done TO make coin uniform
smonq the the several States. If they make 3lO7
rus M 400 canno, they fix fictitious values 10 any
tent If they by single stroke Of legislation pro-
tuee such a result the philosophers stone will have
been found least for practical purposes He then
nyoreeded 10 show the Inconvenience end evils which
nnst result from having descriptions Of specie cur
Tency-the one worth less than the other II
Than shin plaster legislation. Instead OF this he
iended that the currency should be uniform Without
concluding he gave way for motion that the House 20
Into Committee Of the Whole on the state Of the
Union ON the Army bill. This was negatived.
The House proceeded to the business on the
Speakers table and having concurred in the Senates
snendnent 10 the bill granting the right OF way TO the
Missouri and Iron Mountain Railroad took up the SEN
ate bin grating the right Of way and donation OF pub
lie land to Wisconsin for the purpose OF locating and
constructing certain Railroads In that State
Mr. DoTY wished TO put the bill on its passage.
The subject he said he'd been before the Committee on
Public Lands and they had agreed TO report similar
Mr.. LETcBER moved TO lay the bill on the
table Negatived Yeas u, Nays 90.
Mr. DOTY offered q substitute for the fifth
section proposing that Of the roads shall extend
from Chicago TO Lake Superior, and the other crossing
through Washington County TO Milwaukee and at the
instance Of Mr. Bennett he offered further amend
ment that gentlemans Land bill proposing 10 distribute
lands among all the States for Internal improvements
md Educational purposes
Mr. AvERELL moved that the whole subject
be hid ON the table. Negetyod Yeas &c, Nays 81.
Mr. JONES, (Tenn.) in order to have full
yot, on the bill moved call of the House; pending
shsb ON the motion of Mr. Cartier and by the casting
roie OF the Speaker, the House adjourned.