{"newspaper_name": "The New York herald.", "edition": "01", "page": "p2", "byline": ""}
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BRANCH or THE MINT IN New YoRK.--We are
glad 10 that the Secretary the Treasury in his
late able report TO Congress. has suggested the pro-
priety OF the government establishing branch OF
the mint in the city Of New York.


1t would be desirable, in great many respects,
that there should be branch of the mint here
Two-thrds OF the whole revenue from customs is
derived from this port, and there Is immense
amount Of foreign gold and silver coin brought by
emlgrants annually and also imported by our
chants, and instead of is being converted into Ame
rcan coin il lies idle in the vaults of our banks
Now, five had mint in New York, all this foreign
coin would be Immediately converted into American
coin and be circulated in the ordinary channels Of
business and give an impulse to trade As il ia,
this foreign coin is deposited ia the banks, where il
remains Tor years, the preerring take that
rather than the risk, or be al the expense
OF Transporting 1t to Philadelphia to be re-coined


We nope the suggestion OF the Secretary OF the
Treasury viii be carried out by Congress.