New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-12-11

81 225, payable, it would be supposed, in the legal
money Of the Government, say gold coin instead Of
this it is payable in kind, But the question is who
is benefited by the reduction from 81 22s a 81 Il
The Government, of course, because silver com Is
nothing but commodity, an article Of trade, and
only recognized the amount Of ten fifty cent pieces
as money. The Government, through its officials,
has been allowing for, say one thousand ounces of
silver of standard tineness, twelve hundred and
Twenty-Five dollars in kind for all deposits at the
Mint and under the recent mandate it now allows
for one thousand ounces, twelve hundred and ten dol
lars thereby throwing into the general account Of the
Mint. or into the hands Of the Government the sum
Of fifteen dollars on every 900 ounces of silver de-
posited for coinage Why not give the depositor the
fall amount of his deposit? particularly he some
times has to wait from three days to four weeks for
his return 1t is the heghth Of folly to suppose that
the Government can curtai the value Of silver any
more than it can its Treasury notes after they
thrown on the market. The laws of supply and de-
mand govern silver coin just the same in regard to
value and price as they do cotton and sugar, which
has been fully evinced this present week by great
depression and falling off in the demand, and in some
instances reduction in rates Of sales from per cent
to II a u discount. Assuming that gold coin, as
stamped to be the general standard under the act Of
March, 1853 the purchases Of silver were authorized
to be made by the Mint and branches at one dollar
twenty-five and half cents per standard ounce The
standard weight beng the standard weight deter
mined in troy ounces or weight troy, According to
the foregoing rate OF purchase the yield OF various
classes Of coin and bullion was determined and set
| tied for as follows;
Eye Franc Pieces az ~ cts each
Od Spanish Dollars .O5 cts. each
nun ISL 2ia'' .. -s cs each
We are aware that there has been an unfair feeling
against the Branch Mint of this city on the part of
the Chief Director of the Mint at Philadelphia and
that it has extended towards the Assay Office in New
York. The Branch Mint in this city can do more
good towards introducing and supplying sound cur
rency for the great West than all the legislation Of
Congress and State Legislatures combined. Let the
Sacratsr,- P tho Treos11rJ rascna the recent man
7,to M ron,ross increase tbs Local standard If
uate ana congress increase ILle IeSal S1hiiuiiu u
silver to TWENTY-FIVE dollars and the entire bogus cur
repc If tta vest yyord he driven oft Of circulation
l ~ s1a+,ro ~ o,r .istar State sa,ad ha trn,,.
HE Of erislatinr on bank notes under the denomna-
influence as Bill 10 resscltute or SalVaze lhe ola
Brandon Bank.
There have been no large transactions in uncurrent
money this week. The offerings have been CON
aal IN s,r,, If i+,r+ ror ro+ae Il, million
and uncnrrent coin there have been sales say of
'1lu 49, ~ 80
nloAoa uot,,.2 a. a. LV.s ''lt ,,,''',
/ bo,,,,,or hsa, on5 extremely anil n o7r o,o,.
~ however, nso'y anu e'ieie'S u'''l at o''' 4''1
tiOns
-, ,4, 49,, ,;,+ ,,,a i1 ,,rol,oJ,,. ,o,,
Land warrants are quhet' ana VIII pIopaply con
thine so for some weeks, There is very little said
st'iue - - S =,
about the tennessee Banks Inc late aVV Oh the
Legislature Of Mississippi was based on the shin
rIastar. Il Ta,nossaa thnrgb IT Is barlv concaiyo
III mi 1 ,r,ir H.. last liI,oy,, i,,+sIr
,1ia,- r., ,o +,l., IN Inv, +I,o
SehCe ShO'lu tLloN themselves W VIC ''E>0i III ~ ''0
issues or makers Of the trash of Tennessee and other
yv+r, c+,+es ,,1,ich hos presumed tn rarresnnt
,,l,s,, f,. ,srr,o' ,,o,r., ,,st
We annex our usual weekly quotations OF CON and
l No.. r t,r,i, and s,lJ cnn ,,,7 Streets.
ootD AND SILVER ;,,,l -.
4@ssssP Hwy Coinage 3 5.ss@@@
SSe Franc li' PacSs
@a3sat% ooiaf a9s@5 s Ass
Ten C4ider Pieces. qOlpS .!
T TSa tan'f bo PifeSs so SSH 8
SPn iForna 81 y y
United States Treasury nomina
UNoURFEST BANK NOTES 3
iniie9a 4 sta f. Rnnt ZAP di.coIt
9ho 5a dIo and "a Gissom
4ent4sky ! f t75a3 diseonp
"0' Se[g55risans N
so "a cent 1la.ouL
a 6gs tilartiaaI On lis,or,
!eorgie and South Carolina. iIseonI
N6rth Carolina zt5 4iseonn
T Ts,roa @ ''..''. " =. 9i2 II { jiscoTt
Tennessee 3I5 1lseoln