DATE: November 15, 1786 TOWN: SOURCE: The Centinel |
| The Continental Congress considers the establishment of a Mint. |
THE ordinance of Congress for the establishment of a mint for the United
States, was this day read in the Assembly. Had this measure been adopted
at an earlier day, immediately after the war, importation had so effectually
drained this country of its specie, it would have been more honorable,
more profitable, and more useful. However, agreeably to the old adage,
it is better late than never. And so far as respects the coinage of copper,
it is both salutary and indispensably necessary. The superabundance of
base coppers, which are sent over here by the Birmingham and other coiners
in England and Ireland, besides being a disgrace to the policy of the different
states, are a real injury, as they command away the products of the country
as effectually as the best Johannes, guineas, or dollars, received from
Portugal, Britain or Spain.
|