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France has, of her own accord, proposed negotiations for improving, by a new treaty on fair and equal principles, the commercial relations of the two countries. But her internal disturbances have hitherto prevented the prosecution of them to effect, though we have had repeated assurances of a continuance of the disposition.
Proposals of friendly arrangement have been made on our part, by the present government, to that of Great Britain, as the message states; but, being already on as good a footing in law, and a better in fact, than the most favored nation, they have not, as yet, discovered any disposition to have it meddled with.
We have no reason to conclude that friendly arrangements would be declined by the other nations, with whom we have such commercial intercourse as may render them important. In the meanwhile, it would rest with the wisdom of Congress to determine whether, as to those nations, they will not surcease ex parte regulations, on the reasonable presumption that they will concur in doing whatever justice and moderation dictate should be done.
XLI.-Report on the Mint. Communicated to the Senate,
December 31, 1793.
Philadelphia, December 30, 1793. Sir,—I am informed, by the Director of the Mint, that an impediment has arisen to the coinage of the precious metals, which it is my duty to lay before you.
It will be recollected, that, in pursuance of the authority vested in the President, by Congress, to procure artists from abroad, if necessary, Mr. Drotz, at Paris, so well known by the superior style of his coinage, was engaged for our mint; but that, after occasioning to us a considerable delay, he declined coming. That thereupon, our minister at London, according to the instructions he had received, endeavored to procure, there, a chief coiner and assayer; that, as to the latter, he succeeded in sending
over a Mr. Albion Coxe, for that office, but that he could procure no person there more qualified to discharge the duties of chief coiner, than might be had here; and, therefore, did not engage
The duties of this last office have consequently been, hitherto, performed, and well performed, by Henry Voight, an artist of the United States, but the law requiring these officers to give a security, in the sum of ten thousand dollars each, neither is able to do it. The coinage of the precious metals has, therefore, been prevented for some time past, though, in order that the mint might not be entirely idle, the coinage of copper has been going on ; the trust in that, at any one point of time, being of but small amount.
It now remains to determine how this difficulty is to be got over. If by discharging these officers, and seeking others, it may well be doubted if any can be found in the United States, equally capable of fulfilling their duties; and to seek them from abroad, would still add to the delay; and if found either at home or abroad, they must still be of the description of artists whose circumstances and connections rarely enable them to give security in so large a sum. The other alternative would be to lessen the securityship in money, and to confide that it will be supplied by the vigilance of the director, who, leaving as small masses of metal in the hands of the officers, at any one time, as the course of their process will admit, may reduce the risk to what would not be considerable.
To give an idea of the extent of the trust to the several officers, both as to sum and time, it may be proper to state the course of the business, according to what the director is of opinion it should be. The treasurer, he observes, should receive the bullion; the assayer, by an operation on a few grains of it, is to ascertain its fineness. The treasurer is then to deliver it to the refiner, to be melted and mixed to the standard fineness; the assayer here, again, examining a few grains of the melted mass, and certifying when it is of due fineness; the refiner then delivers it to the chief coiner, to be rolled and coined, and returns it, when coined, to the treasurer. By this it appears. that a few grains only, at a time, are in the hands of the assayer, the mass being confided, for operation, to the refiner and chief coiner. It is to be observed that the law has not taken notice of the office of refiner, though so important an officer ought, it should seem, to be of the President's nomination, and ought to give a security nearly equal to that required from the chief coiner.
I have thought it my duty to give this information under an impression that it is proper to be communicated to the Legislature, who will decide, in their wisdom, whether it will be expedient to make it the duty of the treasurer to receive and keep the bullion before coinage ;
To lessen the pecuniary security required from the chief coiner and assayer ; and
To place the office of the refiner under the same nomination with that of the other chief officers; to fix his salary, and require due security
I have the honor to be, with the most perfect respect and attachment, sir, your most obedient and most humble servant.
END OF VOL. VII.
TO VOL. VII.
ADAMS, John-His estimate of life, 30. COLONIZATION OF NEGROES-Views on, 332
COMMERCE_Treaties with European pow.
Our Mediterranean trade, 519.
eign commerce, 636.
Free Trade, how far practicable, 646
COMPENSATION Law- Unpopularity of, 78.
journ to a new place of meeting
CONSOLIDATION-Dangers of, 223, 293, 430.
CONSTITUTION--Rules for interpreting, 296,
336, 342, 358.
Distribution of powers between State
and Federal governments, 297, 358.
Who the final arbiter between State
Should be easily amendable, 323,
ent States, 323.
COURTS, COUNTY–Magistrates of, should
be elected by the people, 12, 18.
to England, 288, 299.
People of, how affected, 299.
DrawBACKS-Should be repealed, 6.
EDUCATION—General plan of, 98, 187, 322,
Female education, 101.
Northern teachers and professors,
Common school system of Virginia a
resorted to, 373.