New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-12-06

He believes it, however, to be unnecessary. lie
believes that the time and rate Of the iive-twenty
loan authorized ludiciouslv determined, aud be
believes that II the suggested changes are made IA
the law the needed supplies can lie obtained through
these loans. No prudent legislator at u time when
! the gold In the world ID increasing by a hundred
millions year, aud interest must necessarily ana
soon decline, will consent TO impose tie labor
and business OF tic people fixed interest OF Fix
per cent on great debt for twenty years, un-
les the necessity is far more urgent tGan is now
/ believed 10 exist. TIE country has already Wiz
messed the results Of such measures il The payment,
IN 1896 OF than s. 800 COZ for the privilege Of
paying debt O. Ioss than 5 100000, some twelve
years average time before il became Que.
Policy Recommended.
/ Tho general views Of the Secretary may therefore
/ be thus briefly summed:
! lie recommends that whatever amounts may be
needed beyond the sums supplied by revenue and
thioug' other indicated moGes be obtained by loans,
without increasing tie Issue OF United States notes
beyond the amount fixed by law unless q cear
public eXigeDcv shall demand il. lie recommends.
nlGo the organization oil iauhing associations for O 4
Improvements vi the public credi, ard for the supply
+ t. the people OF faf5 and mi onn currency. And
! he recommends 10 change Ia the law providing for
tie negotiation Of bo"ds except tie necessary ia.
crease u amount auC the repeal Of lie absolute re
sricion TO market yauo and Of the clauses author.
/ iz.ng conyeItoiliy az will
Ii Congress shall concur IN these views. the Sec
rotary, though conscious of the great d.icalrles
which ya- sudden, and proilact.d H,endilnres I'M
/ pose on hm, ventures TO hope dat he may still be
ahlo 10 maintain TIE pubic credit sId provide Tor
tue public wants.
The Mint.
The report OF the d eclor OF tho mint contains the
usual Information relative 10 hs coinage for Ire pas,
year, aud makes several suggestions, TO which j
resp, c'fuily iayic yolr iifeutcn.
/ The net amount Of bullion received was SIS, i23-
! Ia 4ft. M Of oil
$j.532,3s6 so Of silver coins, s., Si2iCl 81; Of
cent CONS, SIG 600; Of gold bars, STA, 100 05
and Of silver .srs, $1,000 Oh making total COIN
axe OF Sb5,U2J6js %.
OF The bullion deposited, SO IS, s63 81 was re-
ccivcd a. tho A-s0y OLce N Ncw-iOrk OF tho
gold tals, SO G@i7GS ii, and Of silver bars SiI1,-
oJ3 ~ IL value were stamped At the same Office.
Al Ae bratc "a mir; IN N.n Frauci,oo he gold de-
rosils wCe Sloljj.0.l 90, and the ii YER doposi s.
and gurcEasts $I4s.l4 II no value. The value 81
lhe gold coined wns SIS so 900; Of silver coined,
Sciliol; and Of SILVER bars Si2lS to-.
soon after tAo authority a. tio Union was reastab-
lishsd At New-Ooe.af, aspcy'yl agent was app mod
TO examine tAe condition 81 the Dr.n. mint u At
city ard its machinery. The machinery proved Go
n.ye been rTcaily injured, and portions Of j! were
found distributed and t-,rcIei IN various paris %.
tie city. lGe portions were collected aid rc faced
IN t.o lrt ono ,ne Lercs-fIy tur5 are 100 no
f ihe operations 4 iLe branch .uf, however, have
Tot tse, and ior TIE iroscu IL !-st viii not be .e
4 su.led.
/ Dyt,e act Of April a last, branch mint wrs IL.
fCeec 90 be cfal....td 81 Denver, ln re les..oTy
d Colorado aud AN ,r.lor,i,iion al s1,.GD So
U.de 10 ..fr tie act MO ill., T. 4 Minis n 3 already
uesn csfablislcd there b, !al.yiaials ENGAGED in
i..., ins and .l.ulirg on fr'vate account a. bul.
!oa llo.a.ed I'D taIt region 4 commission VIZ.
foif.d ~ ascertain AID rerolt o. 20 tie value of
;is e,t-tl-n,ut ard fis comparative ox 5er cy o.
purchasing, 80 90 ef,. ling new Cae; alu upon taoir
Recommendation lre existing rirt, win al iir aq.
I..f. ff-. was f.fl. itttl Tor Z. l.OlU
~. Secretary lflf.ly ,ommeuls 60 tL, col-
tiseg Jon o. C.u-io,s TIE ez cl.cu,y of cstAbsl.
. d 70 az trraY-oillCU or branch Uut 81 come cOLVc-
ll.4t point iu Neyaa. TERRITORY.
. H. be l-.t iort tie Se,I,lary took occasion 20
ilii;t to -t,.,o4 %. Coaer - 81 lao up. lance ol
.flllru Utlgit., Lt4sUIls, ard COM, AID o. zee
..rfl O.. '.. .e. u.l rYtf.a g. t. rIatrr.c. of Oh 4
void. IIa 10. ,on.lies 90 sag.e.t tiat the pree.
,., a,.fo. .tiyf..u %. p.ll NAV s.u be- a..,,l al
l., H.. r.-.c-c n I'm, on ,o'.t..l.''a ,,e5
. coward ta.se ere.t o..s IftIe lal-eA.le OF TIC
l.lou be- lr.oe u eulni WEI. .. nn. h4sress win
I.e .oiI -osclefgu oi Great Bnrfa Lo a,i i.It
iully c,4.a i0ts..iy gsi.e from tAe canrc; ylli.,
.4 fl. re.rr 10. o. .,,ic f,ya.r. f, 4a .... a4-
y.-i. geo Wo.iI 10 icit in vqe4izitJn exchanges
and t.c ea1se.icuce Of commence. 90 100 % .ie
United s. -tcs, inoic'yef. nitltt u followed - i.c
o.. .i.4 ~ Dftt bi4i-tl N! ..e 4r.rlai c-eimHi
..s.s...f e.. t.t con-, haa tIl. hor. 4.IlD Gao
tN.ll. might Nt a..4 80 to".sn "a i..l.H-iC NJ
conngei w.h Val1ra celimALy eAfielt-a'
,v-adc md Cot.t-ter,, Elgf.,.ra lie Iort,
- ,..,,
'L.'' "' P,'''io'i 90 H,F''"i as 90
'"' E''.t i''''''' ~ '"'' ana '''''"'''" .'."'F
~. I'D '''' 60 "Si tl..- '''' ~'' IT IT'D ' '.a.'
.t' '. rN TO h' ~ A'''i' ''''"' -'i.'' tA'-.
I''e 's.I .,''o- '..t 10. 60 'l'.' N'ue
W'iaA ~ u.a' 40 % o H..'.o- eN'.n',
l'.l D' o. .,'''' ''' ""-0 "'N '''h Au h'IiNsl
''5 .'. "' .'-' q" ~ 81" " -.'-i ID e.. nc
..'''. % Oh ''o '',''D. "' '.' ar. -'.''t of iDe