New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-04-03
THE NATIONAL FINANCES.

THE PUBLIC DEBT-REyENUE RECEPTs-THE PRO-
POSED CHANGE IN TIE MINT LAWS.
ut TrIxsHAPH T. THIRusE
WASHINGTON, April 1.-The Public Debt statement
will be forthcoming on Thursday. The com balance
in the Treasury will show the amount of $l07 OO0
including about SIS, GOO 600 of gold certificates.
The receipts from Customs during March were
unusually large. being about sl6,OOOOCo
The Internal Revenue receipts have not come VI
10 the usual standard, and appear TO the compare
lively small amount of $l5,OOoOOo The receipts
from Internal Revenue to-day were $l,62l,OOO,
The Secretary of the Treasury has communicated
the following letter TO the Senate in reply to the
resolution recently introduced by Senator CONFESS
TREASURY DEPARTMENT
WASHINGTON, March %, 1861. )
SIR have the honor to ACKNOWLEDGE the receipt OF
tho resolution the Senate under date OF the 2Jd INST
requesting the Secretary of the Treasury 70
TO the Senate any information he may have relaNVe 20
States upon the subject OF refining gold ana SILVER anu
public policies incident thereto Inc ACT e
the United states was passed more than ,hy years ago
and the % there being many particulars in
which the existing laws are not adapted TO the require
ments and the great increase IN the pouuc
ton OF bullion Many amendments have recently been
proposed among which are propositions LOT ,e hl 10
renoush the refining Of gold and liver and leave that
business wholly to private enterprise, and the repeal OF
the coinage charge without expressing any OPINION upon
these subjects at the present time, transmit herewith
for the information Of the Senate very interesting com.
munication which has recently been received from LOUIS
Garrett esq, OF San Francisco. who was formerly an
officer OF the Branch Mint in that city and now CON
uected with very extensive silver refinery whlch com
unicaton prepared at the suggestion OF Jonn Jay
mia upon official business and addressed to him. am
very respectfully, your Obedient servant
IL MCCuLLocH, Secretary OF the Treasury
To the Hon b. f. WADE, President pro ten" OF tne sen
In the communication referred to Mr. Garnett
The mines Of the State OF California and the ada,
Ter
an average OF $6O00000 annum or an aggregate OF
Al 900 Of buion and yet so unremuneratiye are
mining operations whole that II would De dlcuit
who has grown rich by working the mines. Mining Is
today as Il always has been, fascinating illusion and
complete abrogaton Of oil taxes and restrictions upon
mining enterprises and the repeal OF all charges at the
Mint would tend TO develop the country ana enhance us
products The present tax levied upon foreign Duon
naturally drawn 70 tn,s oSt,ng 20 'g ~ per cent
and e. Per cent on sSeT r mas t cou%bs
and force them into 9tseE eaann and benefit to
the entire community and re expense shoun Vs Ue
horne by a few who produce the material other Gov
crnmens have long Of tbs Treasury will
tract with private refners for an exchange OF crude TOT
refined bullion and throw the small expense OF coinage
ducton In the price OF gold and the
ssts loss Of TtsehSss this scss The
following letter g tho Collector OF customs AZ io''n
TREAsURT DEPARTMENT, WASHINGTON, April 1851;
SIR: The act Of Congress creating the coection
the duty Of the Secretary OF the to the
mort OF entry for such district and ny virtue Oh TUG ae
conferred upon me by the ssid act 90 HSsey ~ rv
In ssid district Very respectfully. ,.,-
- HUGH McCtLLocH, Secretary of the Treasury.