Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1828-12-27
WAREHOUSING SYSTEM.
NEW YORK CHAMBER OF CCMNIFRrE'

NE" IOHh CHAMBER OF COMMERCE.
Extract from the Minutes, Dec. 2, 1923
The Committee appointed at the last meeting.
to whom were referred the communications from
The Committee OF the Philadelphia Chamber @.
Commerce, inviting the attention of this Chamber
. to consideration OF the injuries arising from
the present system OF Government Credits" and
" OF the Importance OF establishing a Warelousine
SYSTEM and requesting this Chamber if coincid.
ing with them in opinion. to take such measures
as may be deemed expedjeDt TO attract public at.
ienilon, and 10 engage Congress 10 act with vigor
~ the Coming Session. presented the annexed
Report, which ordered to be printed fer the
use Of the Members, that the same may be acted
on with due consideration at the next meeting oil
this Chamber.
JOHN A. STEVENS, sec'ry.
The Committee 10 whom were referred Me
mortal of the Philadelphia Chamber Of Commerce
TO the National Legislature, and an Essay OF,
arehousing and Government Credits re-p,yb-
iished from the newspapers in pamphlet, by or
der OF that Chamber, have carefully ana at,en-
lively considered the same.
The Memorial contains the important propos;.
tons g that Warehouses be provided by Govern.
ment, in which important merchandise be deposit-
ed under charge Of the Reyenne Officers, and
that the duties be payable in cash when such
merchandise is taken out for home consumption,
with the exception Of pershabe articles tina. could
not with proprety be put into warehouses, and
others that could not conveniently be sold while
there; that liberal discount OF or 8 per cent
oil the duties OF these excepted articles be allow
ed; and ii CORK !udes with Recommending such re
vision OF the Revenue Laws as shall provide ioY a
system OF cash payments Of duiies.'
The propositions Of the Philadelphia Chamber
OF Commerce, are, in short, that cash duties and
compulsory warehousing, with the exceptions
mentioned, should be adopted by the United
STATES Of that the system for the collection
OF the duties which was formed by one of the
most enlightened politicians aud perhsps the ALL
bnancier OF which this country can boast, adoptel
alter the ma'urest consideration and re gulaed by
laws carefully devised, and which has been in
successful operation since the establishment Of q .
Government, should be abandoned and a new, ur-
tried, and directly opposite system slb.a .uicd in s
place.
" your Committee could perceive any necessi-
" Tor this change, II would give them much salts
iaelon TO concur with their respectable brethren
OF Philadelphia, but they DO rot find in the srgu.
rnen's by which it is enforced, or the authorites
cited for its support, OF the evils which il profe,se.
20 avert, sufficient 10 abolish system The
usefulness Of which has been sanctioned by the
experience Of so many years.
The Committee viii state few or the facts and
reasonS which influence them to digscn, lio,n ,br
recommendation Of The Philadelphia Chamber Of
Commerce.
ist The returns 20 the Treasury Department
Of the impost duties and unpaid bonds on, an a.
ports Of the United States, could not he obtained
Tor the present Purpose, but the Committee have
sscertsined mat from the commencement Of the
revenue system in 1880, TO the 3Ist December
lS27, the total Of rpost duties in this port was
S2i3.5Oo,O3 81 The outs andiur bonds on ,tai
Gay was SLIT, 40 II, and allowing Tor tic
oonds which were coeciable, the actual loss 10 the
revenue y less thar hslf OF ogc pr cent 10 ie.
perhaps. lair to assume that the average loss in ~
Inc ports of ihe United Sia.cs exclusive of the
tea bonds in Philadelphia, is about the same pro-
portion the loss sustained here. Tee abstr ciion
% goods rom Government Warehouses; I'm New