Charles Sumner: his complete works, volume 11 (of 20)Sumner, Charles
History
Charles Sumner: his complete works, volume 11 (of 20)
Sumner, Charles
Slavery -- United States; Speeches, addresses, etc., American
It is now proposed to create another mint in Oregon, and the
reasons for it are similar to those which prevailed in the case
of California. The region is fruitful in gold, if not to the same
extent as California, yet so much so as to require similar facilities
for coinage. It seems that the amount received at three private
assay-offices in the city of Portland, from January 15th to October
20th of the last year, reached $2,486,496. Compare this sum with the
paltry yield at Charlotte or Dahlonega, where mints were established
and maintained down to the Rebellion. The mines of Peru have been
proverbial for richness; but the sum-total of their product in 1858 was
only $6,000,000. That of Chile was $5,000,000; and that of Bolivia was
only $2,000,000,--being less than the product of Oregon for nine months.
Here, again, the considerations of science, so strong in favor of a
single mint, seem to lose their applicability, or rather they fail in
presence of other considerations not to be neglected. Sir, we cannot
forget in legislation that it is no narrow territory that comes within
our jurisdiction, but that it is a vast region, washed by two great
oceans and separated by intervening mountains. A rule which may be
proper in a country like France becomes inapplicable to a country so
vast in space. If all our States were huddled together on a single
seaboard, perhaps a single mint might suffice. In such a case economy
and perfection of coinage might be exclusively consulted. But the
interests of business on the Pacific coast must not be sacrificed even
to these considerations. Spain still has mints at Madrid and Seville,
although at the latter place the coinage is chiefly confined to copper;
but in former days, while Mexico was a Spanish province, there was a
Spanish mint there,--for the same reason, I suppose, that a mint is now
proposed in Oregon.
The consideration from distance alone cannot be disregarded. Oregon
is more than five thousand miles from Philadelphia, and seven hundred
miles from San Francisco. It is impossible to legislate for such
immense spaces as you would legislate for a European kingdom, where
every part is within easy distance of the metropolis.
In England a single mint transacts the business of that commercial
country. But I need not remind you that all its immense commerce is
conducted within a small territory. In Holland, also, there is only a
single mint,--although during the days of the Republic there was a mint
in each province. Afterwards these were abandoned, and one mint for the
whole kingdom was established at Utrecht. But here again I remind you
of the narrow space of territory served by this mint.
Public-domain text, read in full here on John Shaqi.
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