The daily union., 1854-11-25

coming hundred millions and is more than fully equal
to the present of the Pacific territory both for gold
and silver coinage
interior asserts that the price paid far above the fair
value OF the property machinery &c and most unjustly
makes this another item of charge against DR. Gwn. In
his assertion this point Interior makes egregous
error as the contract thing but profitable II
executed with too much aithulness for any result of
that kind the alterations and additions were greater and
far more expensive, than originally contemplated the
machinery fixtures and equipment were on the most lib
eral and perfect footing in all their details the whole
bargain most unfortunate for the contractors
particularly by retaining their assay Office working
for their private account they could have realized
an immense fortune in the three four years before the
United States without their assistance could possibly have
| got mint into operation to interfere with them.
If Congress should determine TO give a suitable
building for mint in San Francisco the present branch
mint SO far from being loss to the government would be
more profitable for by transfer of the present complete
and excellent machinery fixtures and equipment to the
building when completed and the sale of the present
site and buildings larger would be saved by the
transfer Of the former aud realized by the sale of the latter
than the entire cost and in the time the community
of California would be enjoying all the benefits and ad
vantages of the present mint amounting egy year many
| times its entire cost
Under the above statement of facts to which the writer
challenges contradiction will any candid reasonable
say there is the least for of DR. Gwn for
any advice influence he may have given exercised
wards producing such result but the contrary it
not highly to his credit in thus promoting the interests
of his constituents and does it Justly entitle him to
| their thanks and support?
will add, that Dr. Gs able and jealous colleague Mr.
Weller who is likewise always wide awake" regards
henteres of California gave his cordial appreciation and
support to the plan adopted and carried by the Treas
| ury Department
The simple alternative presented to the Secretary of the
| TO The by Whi
the people California would have and actually did have
excellent and efficient mint in full and successful opera
ton in less than twelve months await further action
by Congress and defer the completion Of the mint certainly
for three four years. and probably longer and in the
mean time leave the miners and other proprietors OF
gold dust to the lender mercies of bankers shavers,
other birds of prey who would only buy their gold at
reduced rate under the that they had to send it
$4,000 miles to a mint assay office the Atlantic
| whereas every miner, coming with sending his
great small pile7 San Francisco obtain for il
the utermost arthng Of its value at the branch mint there
that he could at the mint in Philadelphia the assay
office in New York besides which, he has place OF
deposte for his gold in the mint vaults with the United
States guarantee for its safety until he actually may
qure it for for shipment If the establishment OF
this mint has been the of increasing the value OF
gold dust only fifty cents per ounce it makes the three
millions of annually produced in California differ
of and half millions of dollars to the producers
|
~ saved by the udcious and prompt action of the Treas
ury Department under Gas Interor assers the advice and
influence of Dr. Gwin If Dr. G. has given and exercised
advice and influence he need not be ashamed to
it, but the contrary, justly and safely boast of hav-
| ing done So
One word more in conclusion The whole appropria-
ton for the building, machinery, fixtures and equipment
was 100000. IT. then the whole to be furnished
from this limited amount what sort OF establishment
would it have been particularly when it recolected that
that would not effect more in California in building
machinery, &C, than onehaf less than one-hal the
amount could do in Atlantic city? Certainly nothing
compare with the present excellent and efficient mint
and the great probability is that the attempt to erect and
furnish mint with entire machinery, fixtures
&c. with such inadequate sum- would have resulted in
entire failure will further add, and do advised
y that far from being profitable operation to the
propetors of the assay Office it would have been more ad
vanageous them if they had sold out the property ii
stood than have taken the contract for enlargng it, and
making the present mint with the outlay it
qured for the alterations, enlargement fixtures, equip
| ment and machinery H.
1