New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-01-19

.-..,, A.v ,,aa not Be psid cut srsrn BET sAsn be
- coined Inh other detaar =. iSechon three p.J-
ydes thst he Spanish .eDcy may be received y the
Government Al its ~egh. instead Of BY 80 al rs re-
iueed pomtraI value, IN order - encourage rs
Withdrawal from circulation SeGton loSi ~
peals all former hEs which 'egshssa INC
payment Of foreign eoius Tor aeo's, ~,
epsc,s that assays Of foreign coin are 10 ev
made from time to tine 10 determine their SSIae,
Sc Section FIVE provides for the issue OF new eehtoi
tasteful design and about half tie size OF the present
one 10 be legal tender in sums under III cents, ana
the retirement from circulation of the old cents and
half cens Section st provides for aud reSu'1 'es me
ceas in ference 20 the transfer of b1lon AMI ohef
matters connected with the coinage: Scion zen tAl
provides for the issue of the new cent IN exchange Tor
The psrts of dollar az their nominal valoe OF % IA
snd 81 eents and other detsils, &c. Section eight
enscts that ,he Secretary of the Treasury shS nave
pever 10 make rules and regulations Tor striking OH
medals for the various States ard Societies IN bronze,
&c at the Mint of the United S.s;es. Section nlue
provides that the Director OF the Mint shall MAKE h an-
pua report 20 the Secretary of the Treasury, &c The
parts Thin the brackets hsve been struck out IN the
amended report of the Committee Of Ways and Means
sDd in dong they seen 10 be fuly impressed
with the cessy OF removing the fractional Spanish
currency without delay, from circulation and mehng
itup They have DEERE 70 he temporizing ez-
ptGiens of the Senate bill within the brackets OF sec
lion seven They thought perhaps, that Il might De
port-hole by which all the hight fractional coins from
The South American States might get into noe mar
ket in exchange for our new cents The same idea,
peIhsps sctused them in rejecting portions within the
brackets of sections one and three. But Whatever
Congress does with the present bill in all its detss,
they DO not force out OF circulation at once the Spanish
shilugs and silpences let them take away the frac-
tional parts which are the cause OF the loss OF mAny
llions Of dosrs snnusly to the producing classes 81
.he Untci States. NevcTwss there greater evil than
tbs coin Better that the whole coin should be
uelted up and presented 70 the Government than
tee system should be pepeiu+ted. IL the House
sdopts the bill as il is, making the sh,llngs and
.ixpeLces ten and five cents thOse whe hold those
coins only lose in one payment what they would inev-
sbly oee in five payments of the eoln in retail irsde,
as il only passes for tseye cent? Even that loss need
not be cured as the coin if offered By weight, would
readily bring at this time when silver is dear, nearly
the full nominal value Let this present Congress com
plete this necessary work Of reform in removing such
startling evil by which all the meaner practices OF
petty pieriDg are melted. Il is, In fact continual
swiIdie upon the community, and should be no more
counenanced than thief who takes up his position |
from day day in crowded thorOughfare and appro;
PIRATES uncoDcernedly other peoples yaluaoles I'D
ibitum Let us then have this Spanish pilferer re
moved which has been robbing with IMMUNITY since
the formation of the Government.