{"newspaper_name": "The New York herald.", "edition": "01", "page": "p1", "byline": ""}
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try will be perous and uncertain 1t will be complete


y within the power of the banks whose paper Will con-
stitute exclusive circulation of the whole communi


y Nor will it be useful to establish CONSTITUTIONAL


reasury If is TO receive disburse the paper s banks
Separation from the banks IN that case would only DC
nominal and no addition would De made 10 tne circuia'
tion OF gold and silver


Various forms of paper credit have been suggested as
connected with the operations OF the constitutional rea
sury but they all considered mpairng one OF the
great objects OF such treasury-nanely an augmented
circulation Of specie. II paper, in whatever iorm or
IRON Whatever source it may issue should pe .,oauG
ed as q circulation by the constitutional treasury,
would, precisely to inat extent diminish us use as
means OF circ ulating gold and silver


powerful auxiliary of the augmenting the specie
circulation. The amount OF pubic money winch Can Dc
placed in the mint is now limited by law to one
now used as a depository, and as means OF ncreas
ing our coinage 1t is suggested that this hmi
tation may be modified to permit the use OF our
with the constitutional treasury The amount Of
public money received at New YORK greatly exceeds
that collected at all other points, and would OF itsel
seem to call for place Of public deposite there IN
view Of which, the location Of branch Of the mint Of
United states at that city would be most convenient
and useful The argument used against constitutional
treasury of the alleged insecurity Of the public funds IN
the hands Of individuals and especially the vast amount
collected at New York, will be entirely obviated Dy
such establishment. The mint OF the United states
tody Of upwards Of ll40O0000 Of dollars and during
this long period Of time there never has bsAs loss OF
any Of ts specie in the mint BY the ydevrnsnt The
mint at Philadc phia Is conducted Wi.n great rci
sncy by the able and faithful ocer ut tho heal OF tnat
establishment, wsoso genSrsl supervisory authority,
without leaving the parent mint, might still be wisely
utility of such branch place for keeping safely and
dsbursing public money, believed that the coin
age might be greatly augmented by the existence OF
two.thirds of the annually collected the
whole Of which, under he operation Of the constitution
al treasury, would be received specie of that amount