The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-02-22
The Coinage and s.iEnIorage Bin.-No. ..


However we may be in doubt as regards the meaning
OF the letter OF Mr. Brooks his views on the other
provisions OF the coinage BILL there be none %
10 his opposition TO the segniofase OF onehaf OF
cent on the gold coin, including bars and ingots
MIR Brooks TO consider this as u grevous wrong
done TO the OF gold bullion and the most anu.
sing part OF his remarks is that he would wish make
his constituents believe that II special and exclusive
tax OF $3.50. 900 upon New York-as if all the gold i'm.
ported into the country exclusively owned 10 that
city, There is OF coarse no means OF ascertaning who
the real OF the gold received there from the Pacific
but the probability is that full one-haf Of il 10 owned
by bankers, miners, and others in California, and that
hall OF the remainder is ownedby other nonresidsns
of New York. and that at the very extent fourth
and pobabya much less proportion the property OF
the citizens of that city But admitting Mr. Brookss
exavagant idea that the whole il owned by New York,
contend that not one dollar OF this seigniorags would
out OF their pockets but il il really paid by the pro-
dueers of the god the price paid for gold duet in Cal
iforna is OF course regulated by the net amount will
produce in coin, after deucng all the expenses OF bring
ing }, home and having II coined
am not aware Of the rate of freight on gold bullion
from San Francisco; but we will suppose II 10 be per
cent n that freight should be reduced per cent, 10 II
not evident that the purchasers OF II could ahord to give
and ,coud gips per cent more for II TO the miners than
they now pay VI 70 ss m1 snp aoo ,as % sn o.
give one half per cent ess for the bullion than thew
woud do il the coinage could be obtained free OF en-
pense Will IL he pretended that the freight naunn
Se ON gold bullion from San Francisco IL tar upon
the parties who buy il there and bring il New York;
and does not the most dull intellect acknowledge that
fnclH0o0,
the price Of gold bullion San Ffanc,scoi Mr. Brooks
only insulting the common Of his intelligent con-
siuents when he urges such dogma upon their belief
and they must have smiled they perused his touching
address to their pockets am prepared him next
advance the theory that the thy-three millions of du-
lies collected annually in New York is special and OF
course most oppressive tax upon that city. and is con-
tnbued exclusively from the pockets OF her citizens to
the support Of the federal government @ ID
The merits OF the question: however, are IN no way a.
fected by the fact who The real payers oil tne
Int pholho In riuhf
ton on the part OF the government , ~
The parting and the aIoyios Of gold !. rsoce. o.
which increases the value OF the article
and the coming OF il is another Manufacturing process
which adds s,lI further to that value Can Mr Btooks
asss any reason why this manufacture OF the articss OF
ooJ ond no carried al the expense Of the national
for The benefit Of Individually this should be
dona y,bv would not jewellers have right to require
he government should step further, md manu-
fsrtue at the expense of the nation their gold bullion
io,o chains rings, and brseeetsi Why spoud not the
ron of Pennsylvania and Tennessee make sinh-
l-r demand that their pg IRON should be naaaiactvnd
into blooms OF bats 9T tc ia.aofs " On,o and indiana