Year: 1879

BANKERS AND BROKERS STRONGLY IN FAVOR OF


ITS REMOVAL TO THIS cITY-soME OPINIONS


on THE SUBJECT.


The interest in the question Of removing the Mint
to this city active aud widespread yesterday 1t
formed one of the principal topics OF conversation
In financial circles. and the necessity and advsa-
biity OF establishing Mint in the city Of New YORK
was warmly advocated. Bankers, brokers and bank
officers were all desirous of seeing the present move
ment successful. and many insisted it could not be
accomplished too soon Mr.. Colby, OF Colgate Il Co..
the bullion dealers in Wall street. said to reporter
Of the HERALD:-"rhis Is the proper place for the
Mint and it ought to be located here without delay.
The bullion all comes here. and there be but one
opinion about the advantages to be derived from
manufacturing it into coin on the spot. Vast
OF money would be saved to the government by such
arrangement in the first place. in the second
it would be accommodation to merchants and
others dealing in coin.''


'where do You think it ought to be located?"


.'why here. Of course. in the business cenrre. II
could not be much more offensive than the Assay
Office. over the way. and it is only once in while
We are troubled with any Inconvenience from that"


II have good deal to say on the subject. said
the President OF the Third National Bank, land I
am sure it would be popular move to make. The
Mint would be centrally situated in New York and
I think ought to be here 1t would be 4 convenience
and would facilitate business. We the centre OF
the finance and commerce of the country and it
would seem that the centre wonld DO the most ad-
vantageous point at which to coin the money.


GREAT SAVING TO THE GOVERNMENT.


'well MS measure OF economy it could scarcely
be surpassed" said Mr.. Cronisc. OF the hrm of
Handy L. Cronise. OF Nassau street. There Is
doubt that the Mint ought to be in New York. There
would be 3 great saving OF money to the govern
ment by establishing mint here. and there would
also be much accommodation in IL. 1t is absurd TO
keep 1t where it is. What would people in England
think of the Mint being at Glasgow or the Isle OF
Wight, and yet here it is almost badly located.


The president OF the Fourth National Bank said:-


It will be difficult to get 1t here but this is where
It ought to be. Efforts have been made before but
they failed 1t took to get the assay office here
and have no doubtit will take years to bring the
Mint to its proper and natural location. politics
were out OF the way it would be easy enough. have
noDdoubt"


COMMERCE DEMANDS IT.


1--WE would all be glad to that brought about
said Mr.. Jesse Seligman. II think the time has
come when the exigencies of commerce demand
it. and we are moving along in the scale OF pros
place for the Mint. and think there ought not be
much hesitation IN putting one here. You
just beginning to get on our feet and If. IL
the general opinion is in favor Of putting the
Mint here now, how much moro will 1t be In Q
few years. country that gets 5000 000. 100000 out
of the bowels Of the earth in year Is bound to
take great position among the nations of the
world. We are getting better class of people
brightest. We have had bad times. That was mainly
on account Of want Of confidence but that is now
returning and the threshold Of great
wealth and commercial activity little while ago
who could meet their liabilities They had plenty OF
good securities and all that in most cases; but
sudden accident would have proved fatal to them.
Now it Is very different and later shall be
more secure. Yes; hope they will put Mint here
in New York. 1t will be well for the government aud
welltfor the business of the country"