Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1885-07-17

A bad Outlook for the Resumption
Of Operations.

A Had Outlook for the Resumption
Of Operations.
According TO reliable advices the outlool
is bad for a resumption Of operations a
the Carson Mint. Our authority for this
conclusion is the very highest. All Of the
indications are to the point that the insti'
tuition has been closed indefinitely. II
has always been claimed by the Treas.
ury Department at Washington that
1t was q detriment TO keep the Carson
Mint in operation. In what particular we
have never been able to see; for when en-
gagged in silver coinage it has always been
conducted at a clear profit to the Govern
ment resulting from the seigniorage on the
bullion. or course it might be main
tanned that the same profit from the same
cause would result if the silver coinage
were conducted at the other minis of the
country. Be this as it may, it Is true that
it has for years required no little pressure
and argument to keep the Carson Mint at
work. The present administration comes
into power with a fixed determine
ton to cut and save at all
points. II, therefore, it is capable Of
demonstration that the coinage can be
done to better advantage elsewhere, it
will be found, we doubt not, a difficult
task to have our Mint again set in motion.
The SENTINEL will seriously protest against
any permanent or even protracted closing
Of the in%stitutions but it is compelled to
admit that the present outlook is not at all
promising. We deprecate this state of
affairs, not less on Carson's account than
for the general good OF the whole State.
We have always held that it ia but simple
justice to our great leading industry to
mint our bullion as near as possible to the
point where it is mined.
We have it on unmistakable authority
that out of thirteen appointments lately
suggested by Supt. Garrard eleven of them
were denied by Mint Director Kimball ct
Washington, and Instructions sent back to
reduce the force to a minimum. The
further coinage OF standard dollars at the
Carson Mint has been suspended perma-
nently and no silver bullion is
permitted to be purchased. Gold
bullion is still received for coin
age but under such circumstances
and on such conditions as to practically
shut out this metal also from treatment.
The Superintendent ia no longer permitted
to pay for gold bullion in coin ON the
ground, but must draw his check on the
Sub-Treasury at San Francisco, after de-
Quoting the cost Of transporting the gold
to the San Francisco Mint. Under these
instructions it 10 not probable that there
will be further deposits Of gold bullion for
coinage and hence we take it hat our
Mint may be regarded as virtually closed
up. A change Of policy may be deter
mined upon in the near future, but We
hardly look for it. The closing of the
Mint does not proceed from the hostility
of the administration to the standard dol
lar, but from alleged economic rea-
sons. That question cannot cut any
figure in the case. Under the law there
must be coined 2, 600, 900 Of standard dollars
each month. Where they shall be coined
il another question, and the Treasury De-
psrtment has seemingly resolved to do
the work elsewhere than at Carson.
The attitude OF President Cleveland and
his Secretary Of the Treasury on the silver
question is precisely the same as that OF
President Arthur and his Secretary. About
all of the far Eastern men, without regard
to party, are imbued with the New York
idea of opposition to silver. It is the
pending great issue which confronts the
10th Congress, and the chances are as
one hundred to one that silver will again
be demonetized and degraded to the level
Of pig iron. The SENTINEL hopes TO en-
brace an early opportunity to fully analyze
the situation and point out the extreme
peril which is impending over the dominant
industry of these Western States and Terri
tories.