3
238
coining powers of
the Mint and
the probability that, if at an
earlier period the nicety of
a sufficient number
coining
Dollars daily to
pay
its
expenses
by a seignorage of 2 per cent
had been more
fully considered
the mint
the establishment of would have been held to be unjustifiable.
2.
I would have
More
because,
even
if
a constant flow of
there had been bullion to
the Mint, the latter could not have got through sufficient to
of
pay
its
3
clearly expressed my meaning by saying that the establishment
of
the mint with "its present inadequate machinery" would have been seem to be unjustifiable.
expenses.
I was very
desirous
work
however of reinvestigating that
point, because a
increase
sufficient
mere mechanical
power would seem to be at "all times attainable" - I therefore visited the mint to institute
further enquiry in the early part of September and to examine new French Plant, which appears to be better adapted to