Carson daily appeal. [volume] (Carson City, Nev.) 1873-1877, 1874-05-21
EXCELLENT ADVICE TO con-
GREsS from THE DIRECTOR
OF THE MINT.

1t has ali along been evinent that il
selecting DIR. Linderman, Democrat
though he be, rs Director of the L. $
Mint, President Grant did a very wise
and eommendable thing. No man in
the country is SO thoroughly versed in
the peculiar knowledse-quite sui generis
which is only obtainable by long ex-
perience, and from an enthusiastic devo-
ton 20 tie subject of metallurgy and
nuInismatics as related to practical mint
work, as this same Doctor Linderman
and that he is something more than a
mere infatuated theorist or virtuoso upon
the subject OF coinage, and that he is.
indeed man OF sound. practical views.
is apparent in the terms OF the follow
ing. which We find in the Geographic
dispatches to the Sacramento Record OF
May 10. Under date of Washington
May Is. the alert and painstaLinS cor
respondent of that paper says: The
director of the mint, Mr.. Linderman.
has addressed letter to Senator Sar-
gent urging that the present charge FOR
coinage of gold in the United States
should be abolished. Among his reasons
are the following: First, the coinage
charge reduces the mint value of bullion
and thereby encourages its export to
London and other foreign markets,
where no charge is made for coinage
Second, That coinage of the standard
metal being indispensable TO the public
the cost should fall equally upon the in
dividual producers of the bullion; third,
a very small premium in London or
Paris will cause gold bullion to be sent
there merely for the ou,turn, whereas
coin will not be exported except when
required to adjust foreign balances, and
then only when it is the cheapest article
obtainable for the purpose: fourth, the
repeal of the gold coinage charge would
have tendency to retain mixed bullion
in this country for separation and coin
age: fifth, the small loss to the revenue
which would result from the relinquish-
ment of this charge would be made good
By additional receipts from the charges
on melting and refining which have
been imposed by the coinage Act of 1873.
which. together with the gain on subsi-
diary coinage, now nearly defrays the
expenses of the entire Mint establish
ment" The Doctor might well have
added that it costs no citizen the direct
individual expenditure of penny for
the production of the greenback cur
rency, but that, on the contrary, the
production of that paper parody upon
real money is matter of expense which
is borne alike by the people of the Pa
cific States, who have no use for the So
called leSal-tenders, and the large major
ity of the people of the United States
living east of the Rocky Mountains.
Indeed, hard money is the only descrip-
ton of national currency, the produc-
ton of which is charged for by the gov
eminent. Treasury notes. the ordinary
greenback, Bonds of all denominations,
and all the various descriptions of what
is known as fractional currency, are is
sued from the presses and mills of the
Government at the expense of the COM
monwealth of the Republic. Then why
should not specie be manufactured upon
precisely similar terms? As it is, the
bullion producers of the Pacific States
and Territories bear, by an outgo direct
from their own pockets, the entire e1-
pense of making the greater part of all |
the gold and silver coins used in the |
United States. This state of things is |
not in accordance with the spirit of fair
ness; and it will be almost unaccount-
able il, with the facts of the case pre-
scented to them a. clearly as Senator
Jones and Stewart are capable |
Of presenting them. Congress fails to |
abolish the mintage now levied upon all !
Who take their bullion to the mint with |
= view to its transmutarion into coins.
The Senate Committee on Mines and