Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1860-11-14
The Gold Dollars.

II hiss no doubt been observed by 4.
business men, that the Gold Dollar coiu
is becoming very scarce Of late. Tia
the work of the Shinplaster agents in On,
tain sections of fthe country. Adespen,,
effort sbeins made to remove this con.
venient currency from circulating as such
which will be accomplished unlss, IN
farmer. mechanic, and the merchant
move in The matter. We cannot beliu.
for one moment that this class Of comm.
nifty desire the removal of this conyenieu,
and useful circulating medium from
among Us. $780, q,
We take the following sensible rem.ra
from late number Of the Philadelph,|
Trade journal upon this subject.
1--WE regret to learn that the Secrets,
Of the Treasury, and the officers Of .i,|
United States Mint, persist in the stupsu|
dous folly, if not something worse, Of NJ
coming the convenient and useful cure,
cy OF gold dollars into double eagles, b
oblige the New York exporters Of spec,
on the one hand, and the New York auj
New England issuers OF small notes oil
the other. ,f their were no demand ie
the small gold coin there might oe sou
reason for the waste of labor, and othc
loss, in the 70 coinage into pieces of de-
nomination more convenient to exporter
But such is not the fact. By our ci,1
banks, and by banks and individuals al
over those States where small potes an
prohibited and opportunity is afforded io1
the circulation Of small coin. the gold doll
lars are in urgent demand. The Mn;
here is now at work on three miiLiom II
these gold dollars from the Sub. .Treasur,
at New York, re, coining them into tweu-
ty dollar pieces, and persists ia continu,
ing the work, notwithstanding parts
here freely offer them the larger coin N
exchange for the dollars being melted upl
The policy of recoining from small d
large pieces we regard as retrograding, A,
the great object to be obtained originalyl
in authorizing the coinage of geld dollsrl
was, to lesson the necesrity for small bank
notes, and to introduce into general cir
culation q larger amount Of specie as N
fer and better currency for the small
hand.to hand business of the country
But, If there is necessity at New York I'd
double eagles, why not direct the officer
Of the Mint TO reeeiye in exchange fo1
gold dollars those already coined2 Fhera
is as much reason on the pait ofthe Cos
ernment to accomm ,date, when it cau.
those wishing small coins, as .hose demas
ding large pieces. We know that thos.
making deposits may command such COIN
age rs they may desire but when the Gov
erhment rs tho owner as in this case, III.
Secretary of the Treasury may certainly
with propriety and reason, authorize M
exchange of the different coinage that's, 4
hand, as IL is now the banks Of thl
city and other places offering to inrniA
the required double eagles, taking TN
gold dollars in exchange. There seems
determination to drive the gid dollsH
from circulation, as they are only coined d
exchange for bullion snd on special orde
Of the depositor; and as most OF the Cali
fornia dust comes into the hands Of thl
New York shippers, few Of the smalls1
gold coins are now made. IL is greatly d
be desired that Secretary Cobb will count
ermand the order fer melting up the god
dollars, and st least authorize their e1-
change for as many double eagles as MAJ
be offered, due notice being given." p Z