, 1876-01-07

IHE MINT S11ON.
TIE PRESIDENTS MESSAGE 70 THE SENATE,
WASHINGTON. D. c., Jan. G.-Ths President
sent tho following meszuSo to The Senate To-
dsy:
n fts Stmatr Of TIE Enrst sta.y: IN rop,v ia
resolution Of The Hsaae Of The II FenrusFv Int
re1uesng the Pr sldeus Institute in1niros ~ 10
tas rFotcs pscc for ths establishment Vi : t1snch
hiut At sonlo point iu the Western Ytltet OF IN tho
A:taasippi Valley, tr4uBut herewith the rsp1rs and
ao.ompanyius p.n.rs OF ~ Dtrseor Of tho Mint
"1a char{ei with tbs dtty OF mixing tho luqu!rtes
callsd for by sid rcso.utiou. IsiyueIj
U. s. aaAxr.
WHAT LIHnRHAx SAYS.
Df' L'ndenAn, IN h!. report, stairs that he has
visited the cities OF Chicago Cinciuuan, St.
Lon-s. Indianapolis. Kauaaa City, nnd Denyer,
and esam'ued their Advantages respcctivolY
"IthIetefcace to The establishment Of mint, uo
tben Gays: "The principal commercial and
fA1lroad centres In the West, 81. LOUIE Ch1os.o.
Cincinnati, minneapolis, On Aha, aud kauHua
CITY, all ut1cr ample facilities {pt o. nuin caty
couauctinE m!u. operations. both AZ respect,
tho cost Of necessary supplies and rato OF fab,r
They Atao posse1s sufficient facltloa for dtntr1b-
n$ing cum 10 tle citsh aud tosna Of tue AIiasls-
sif1pl Valley. For the cnnsge Of etIyu; il In mt
verv material which OF The cltica ro,c,rsd to
Shall bo aciaeted for tue LOCATION Of the uaint, aa
under tue law euch co.nnYo, with tho exception
Oh tie trade-lollar, uuAt be OIL Government ac-
couut a1o'aslvelr. and tho oaIliun required fur
tue sa'no pIoeutea tJ purchase. IAe Buppl7
Will com, chiefly from the different reduction
and rol1niog wotks hetoaftcr referred to. Il is
important. however. to AVOID. II possible, the
de!ay: eLd psrt4cnarly the oxpcnso which would
Wh'cl may be accomplished b. utilizing eotne
siorornnont taIld'ng no longer required
for other purposes. The anly Government
bu'la'ngs in tho, West adapted fyr
a1 1ndanapoIis. and !ho United Status post-Of-
flee 1t st. Louis. The latter WILL not 10 w.
cstcd until tho complosIon OF the new United
States buildings in st. Louis, rhlch will pfoba.
ply require tLree Or four soais. The edtce II
Indianapolis, It ls believed ia DO ioogor TO lure
for tho purposes to uhicl, It has hIthesto boon
devoted. aud eonIa be converted Into : mint 1t
q moderate expense. aud within say threa
montls from Tho time of tn being vacated. It
IL the iotcaslon 70 establish mint ia the Went
cru btasos for thu coinage Of kityer ouly, and
assuming thnt the Araenal building eau bo va
ca;ed and turned over for use a. mtut, the
true policy would appear to bo To locate It at
uhVlug stated my conclusions ~ 10 tho tocs-
ton of tho mint for tho coluare OF silye,, |
deem It proper to rofes. briefly md IN general
tesms. to tile 1nintlng lcqutemonts Of tho terri
tors known ~ tue M,Bszaippi Valley. That OK.
tonaiTe aud highly productive section Vii 70.
1nirc. IN tbs nebr future, 4 considerable coinage
of gold aud silros. II THO supply tH to 10 mauo
by ono mint, It should DO located at poiut ~
near tue centrs Of thu valley - practicable, hay.
tug reference to kue procuring OF cheap s1pplies
aud facilitiea fer receiving bullion aud dlslr,b-
nt.nR coin. Tue City Of ST Louis being a.tuated
nearer the ccutre OF the valley than any other
principal city or railroad ccntro aud posaoaA,nc
equ.t sdvapisgca In other respects fos tho cop.
ductlng OF colunga operations, would appear to
be the proper location for tue establishment Of q
thoroughly. .eqmrped nlut Of capacity for both
6o'd and siltss coinage equal to tho requirements
Ths Director Of tho Mint then spoaks Of the
c1touslYe reduction and smelling Of precious
orsa now carried on At Omaha, Chicago, Ut.
Louis. and various points in Colorado, and says
bonotlcisl to the ullos-produclng Territories,
wall largely !ncrenBe With tho furthof extepsiou
OF railroads aud would no doubt bs beneGtad to
so!ne extent nlon1d . mint be established IN the
AisAas.ppi Valley.
10 cono!usion, he calls attention 10 tho de-
tailod statements bearing on thu eubjeets OF 4is
inquiry. which were furnished htm By various
local authorities, aud which ho transmits a. IN
Apponds1 to hts report,
THE ruuLIc DCyLp1Has coNM1TTKE,
Mclpbers OF tile House Committee on Public
Buiiliugs and Grounds ray that i majority
Of tue Committee ato opposed 10 making
appropriations for the erection Of nen pub.
II this polio. is Adhored to, 1t sestloa
tho question Of the erection Of tha new Mint
building ~ the Wess and will other result In
giving 1ndaoapolis tho now Mlut 1n tho ground
that tue Arsenal building thore osu be tittei up
to coin silver At q very slight expcuso, or leave
EhB question In its present shape.
BOOTHS CURRENCY SCHEME.
An tSTER-cOSyER1lDLR 3.C6 GOLD nos1-anEEY-
nAcxs AND sAFioSAL nASk Ho1Es 10 NE TUT
OUT or THE WAY.
Letter JFon s:'ator sovsh, Of California, Il Spring.
fftd Republican.
WARRINGTON. D. C.. Jan. al am moved by
both the Rep rub!tcan's approval and criticism OF
nv recent curfcncy-sofo,m suggsalioua (lu tAo
btened ~. H." On tho Gth ul;.> |
10 unfold Moro full principles and probable |
operation OF tho oclcas thtre briefly outlined.
Tho lsth Of that comm ,Iuicatiou waa TINT 3G5 |
gold Loud, interronvo.tib!e with paper currency !
It central Govern Ment agencies, Hish Al altorns-
I've privilege to tho Government OF rcdeomiog |
ts bills In gold Instead Of tho bonds, would be |
likely 10 operate sloHIy, but effectively, In so-
soFinx our currency 10 tho standards Of cosmo- |
'ol!tnn commerce. and furnish, In y simpler aud |
hoapor and oven moro effective form. than tho
National banking syssem our whole supply OF
Here: tnen. ..o two point. OF agreement
'eAchcd by tue COMMON QxpcfIaucn Of civilized I
nations:
Ftrst-Tlat Eotd IL tho most accurate renro-
cnsatlre Of value aud therefore Tho factor into
rlueh al other values ato uItinnse1y redolye4 to
!otestaine tllelr rsiatlnus.
!Setond-rhat crcdiss may bs ussi ~ mousy
md facilitate o1cl,z fycs.
Each nation determines for itself wnat form
II credit 10 use. II uu {At 10 be thu bust-"aa
Iood an gold" II possible.
| hare said that our ptsacpt bauking system
Fas tu mnuy. parsictllars tho best NO
layo over had. Ii IL ao because It ia
'asel uron thu best credit. Thora IL nbso-
Ute Hs:ur1.y that bauk.no:oa w!ll be 1odoomsd.
tn what ?-shu notea OF taa Uuitetl
tatos. 1t Ia not tho credit Of thn b4,,kb which |
askoa their nu.ea good aud g,vcs them uui-
0stnity Of yatno wlscfetor they circulate, but tho
fyilt OF tho Government.
Now, In politics! ecouomy, ~ woli Is lu
sll unnecessary Maclinsry is \ lois
I tt1ets!'o power. Friction IL to bs avoided "a
lueh In ono cass ~ iu tho ol.le1. Exa.n!no tLo
r4csicsi working of our banking sys.am and 500
shose % mt Bomo unnecessary machinery md
aste or poHer. All thin circuullocu.
b liquidation to got b1ck to tho unitpu States
,se *h!cn could have Just a. wsl boo d ssuel
tactly III The first instance.
II Il be necessary. BY Ill tnoans lot Us put afth
aeela On our coaches, dovito enginos to run eu-