The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-12-26

lie by British capitalists, nor ~orsed by
our citiaegs cnsngt oSuers frequently. as the soK
market extremely active aud prices very nuctuains
he disapp tins silver ace very
obvious particularly this cisis 81 our cuunrys MS
tory. lDe IN which We are now engaged has com.
tax expenditures OF ia. patton This currency
supplies the place OF specie which Increases In ssue
c mmssCsiy, 10 proportion 10 the increase o. tue
GA er c,rou n lis commercial vaus beng thus
reised ceases TO 10 & circulating med'um aud 10
eher boarded II home or sens abroad In payment OF
foreign TN gortacns
Agan 10. dim,n,snei export Of lead ling products,
especially ctou. aud the continuance OF extfavsgaut
aod unnecessary mHortatnus toitea forced upon our
market by unirsndy foreign m snrersl, have ca sed
balance OF trade be largely against ns. requiring
ort OF preci us metals 10 ray oebt whicn
IRON evefy IN tive Il interest, every consdera
ton OF PATRIOTISM, To have been avoided. War has
a lec,ed currency snd CONNIE CO, has driven our
specie from present circulation, ahd poured 1t into
the Golfers Of tue foreign ne chant aua CAM
str we'd, the un,iris energy OF the American people
regain hat has been lost aud make our commerce
add currency riva that OF the most favored nains Our
aud Ia the exercise OF patience, reraever
patrio,ism aud real confidence IN the sentnent
recently stamped upon some our coinage, "n God wo
and 81, her national lie, uGd more perfect and
enduring nationality.
The rapid development u Id mining regions and
the discovery and ricn deposits The precious me-
tas render incumbent upon ne 70 p1o,iae
facilities for the melting, assay ing aod stamping OF bull
lion those Territories which the mines are located
These mines afford wide field TOR we directed enter
Prise and pr ftab;e investment or capital Already
large and well conducted private refining and assaying
cstabshm,It have beeo put In successful operation.
They VIII doubtless increased In number and capacity
whom demanded by Increased production OF the PEE
metals; and while tho business OF refining ana
partiug by private enterprise should be encouraged,
thu true national policy IL TO provide govern
-.ent ASSAY Offices, which will Afford the mining and
Commercial interests OF those regions every practi
cable faculty that be desired. Neither public
private inerosts national local
quire the multiplication OF branch mnts for coinage.
difficulties expense necessarily attending thor opera
tlous greatly outweigh every advantage that be de.
ration are sufficient Tor The coinage or all the gold ana
silver that be produced In the United States San
Francisco Is the commercial and economical point Tor the
coinage OF the precious metals Produced from the mines
Of tue States aud west o. the Rocky Mountains
Inc parent mnt 10 occupies ths same POSI-
u IN reference 70 Tue Aan'c states Inese TWO great
central !psusul,ons, 10 .ner capaciy or coinase can
aoanaansay nice. Any soVernmenA % commefcai oe-
maud Ineso LOT conaee ana the OF assay
melting, rsauos, assaying ana stamping bullion, VIII
secure W tue mining Interests " .ne country every "a
c.r' with nropr.esy be s.oecteS. ''@'
'AA' WIN p'0p'''''' BRONZE sas' COINAGE
Tho substitution OF tho bronze alloy for che
nickel mixture a. authorized By Congress, has
beea highly successfuL me demand for the one
co nues although the nambor daily issued largely eI
bearded and thus kept IRON circuato They have Also
been bSueht and sold by small brokers al prem,um
Sus snd
10 the public that not TO exist The proportion OF the
three metals in the bronze alloy has been steadily main
psrtmen And regularly as required by law reported 70
me the two cent piece il q most convenient and
noruar coin It's size and weight contrbute 10 ts nae
"Iress Iha motto nIn God we trnst - stamDed mon
This coin has been highly approved bv the public not
@ S xnr.ss,Sa ~ ar ns,,on,s ro,,snc. mon tbs GsI
~ Il ~. hour Of nar md d,nssr WV shoud
this disiinct and uneouvocaI recosnon Of Tia sovs
- 90 - 49, 49,. go
Z, ~ conn.S :" on $500 - ~,
yer ana tue gold are HIS ana upon should 90
~ H. U.ho ,sssyh o. ~ csos. rv,o shs ana. ~ Inc
.arh who the raging q he sss and the
~ ~ y o., .sr.Oo.h .nr ,.,soe o's'' "oA '
~ ".SA WV 90 'ss. @A1 '.''"'o'
ALUMINIUM HR0Nzs
During the pase year some interesting experiments
were made with aluminium a. an alloy for coins; not with
system OF tokens for i've and ton cen More hsn two
years ago experiments were madc in aluminium alloys.
from Paris that the introduction OF only per cont
Of aluminium into fne silver would resist the sui.
IN, .9sSksj9 sXpoSpres: The syns.sm.cs.
s,,on SrsS ~ ~ suussC0 moIo eiscolor.
sIip Of ne liver The soy was So n.S ssan
.I,nv ~ sh.-s... -. 1.Uu ns.uor. An
them tried and sposher IT nrss.s. n, una ~ was
OF aluminium The former rave nas SnS so % 1n S
h"s aoo nsssIw ,.ssmnr ~. oon, Dosn Desusiiu
las ho~"rsr ,n.v LIZ. ~ * ,mS ssi' Unaef toe
s,uSsorn in ante Of hovs - y 20 nara aao
,,cah,s Tns pmsse;os $4,000 70. oTe quite lmprac.
diaarsnt nrororion ana she . ,s.s "peS Snosnor
vonld moi .rs .s,tS.sor- .". III" 49, isI con
wSSsr N.Y. ~. Sy Ieeuit. ~ nct, We had
Yonssn manusscsrrsrs ~ arrsn~r sss sne.soa n "a
ths striE,nS -. :, ,s.., .a.., ~u,cn povea snss
furthar .sr,ss ~ avn.r,n"ar,. -s W. 10y.
here :. the dss,rs Of he sScrs,s, ~ ~
compuittse OF scsntsc ssusicns.r tn sss w. soe
IN ths MINI hsr ~ sbis nus.n s,so' aoI
cund a. contsn .hs nranol,s "nNn. y sssay, was
q anmnum tn =. d,ysctons 80. % TvppeI 20 OILY
the nr,pcna results nav he hr;snv s,.,o zno
hron.. - ~ I0 or,osy ss.ca a. icllows-Tne
rigid undsr rho rolls rsnnirine NE - VeIy
snle 10 crack ana hrcak into Nae. ~ .S,; .ne
n NAV however b. 1rsdns,,v h,or.h, 49, ~ 10
ssues of onr one cant co;n. MI ~ rs u1 ~ sus
= M hard shs, a. ,r, nor s.r. H.,ss nIng prosS
esst mot .mch a. can hs g,ren AZ -. ~
Ths eomnsratvs Snc,i,s,e ~ ~. ~. sioy:
Of pure copper wai be shown by the ioiowine
Ia drsw NV. row 49,. so. ~ so'ow.os I.su.s
diams,sr dovn 10 on. ,,.,s , S one scn.o men
one drsuehis and four snnsaI,n~s h iure a., "eny
required seven draugbts and no snnss,,rgs ss,s,