Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1828-12-27

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stores without authority. This fac, which W.:
publicly stated in late trial before the u Sta,es
circuit Court, and other Facts which have come
before the Committee, have satisfied them tina,
nc revenue can be more etiectually collected b.,
taxing BONDS with sure,ies for duties than bv cash
Gu'les, connected that system noccss,ri,v i.
with extensive warehousing
2d: The cost TO The United States OF providing
warehouses; Tor The collection CT duties. the plat,
proposed by the Philadelphia Chamber of Cor
fnerce, would be enormous; the number and va
rety OF regulations would be perplcxing and vega.
hous; and the host o: revenue officers which
Nou,n pe necessary to carry on aucb system,
Wou'o lead tc The corruption which exists in some
European countries; and 10 more frequent icstau,
ces oil abstraciing goods from Government store.
than have heretofore occurred: the loss OF revenue
rom 'tils eause, and The increased expen-e ofthi.
plan OF collecting the duties, would greatly. ea.
coed the losses which; have arisen frcm the system
oil credits. IL the business of one house only in
another city, the fraudulent abstraction of roofs
hoh government warehouses, has produced loss
greater than -iou'h OF all the losses in this por.
for 80 years
3d. he merchants OF this city are generally
proVi'ea with convenient warehouses, in which
'hey can EXHIBIT 10 advantage, those goods which.
are intended Tor export, or home consumption, aud
denver them, when sold, with little trouble 10
themselves, or 20 purchasers and can carry or
'heir business with facility and economy which
VIM give their own premises q decided preference
in most cases, 10 Government warehouses;: while
me inhni;y OF regulations, the difficulty OF access
70 Their property, the expense of storage exposure
o! goous 10 tamase and To being plundered wou Il.
discourage the general use OF public warehouses;
and make the payment of cash duties, espcciau,
on articles intended for home consn,nption a Ice.
evii Than depo7;t3g them in such places. Aitho'
the disadvantages OF warehousing goods would be
so great still the circumstances OF mlny merchant.
would make II necessary to submit to them: Other,
more wealthy would be able 10 pay the duties on
arrival and thereby avoid these Inconvenience
and eNpenses;-in this class will be fonnd the f.,
relga agent, who will be furnished With funds bv
drawing on ais principal at home or on lis fictor
here-Thus the tendency of the pronosed svsteu
VIII be to create and sustain y monopoly in Tie
hands OF foreign and other capitalists and opnress
and hear down that class, whose moderate means
and great Industry, strengthen ana invieora:c tha
best Interests of the community
4h. The system Of credits, combined with
drawbacks, give 10 the export trade OF the Unite!
states, on dliiable articles. facility unknown TO o.
lher counties, AM is less chareeahte 10 tho r..
venue, than-t the same amount of business carried
on m any other way; ais. II the tine Of drawback
coulh De cNfeDded 10 two years, and the 70
! tanned DUTY reduced to one per cent alterations
which have already been proposed by the Nrw
York Chamber Of Commerce. the system yo,t.a
be still more perfect
9Th. The United States have, in con-cqrence
81 the credit sydtcCl, always in band bonds for
more than twentv- FIVE millions Of dollars pav,bl.
Al an average tine OF abou; twelve months The
collection Of Which, when they become due j.
almost certain fund equally large, and on
which so much confidence caa he placed, cannot he
reserved by the governnie in anv Other rnannsr &
IN case o' waror great sudden emergency il NAV be
oIlmmenSe importance toward inuing the credi:
and provding for the defence OF OUR country II.
cash l.i.of should b. established ti,e reverua
would b. phi, ont last "a, it wo,j!t be receiyei,
ano no lind would be accumulated for time Of
peril and difficulty
9th The Committee have seen, in The pamp,,e.
reierred TO them and in many other newspaper s.s
says, especially those published by the advocates
,l.aa1 ~ ,Ia
ano strong assert about the evils Of credit and
oveTlradns; and the danger OF trading on the Go.
vcTnnen credits; all which are urged as obi ection-
10 the present system of credit OF duties. These
objections DO not appear to your Committee to be
emitted to much weight. BY referring 10 the
losses caused by credits impost duties il appears
'h't the United States have not been sufferers Il,
any greataegree; and as 10 the effect iDdivdu
ais, they are competent to take care OF themseve.
IL trading on tie credit ofGovernment duties leads
as 1850 often asserted to evils ami losses the business
IL let alone will regulate ITSELF As all business Ief,
Tree VIII ultimately do, and those engaged in il wi
bic.
7th. The Committee are aware that some alter.
alton in our revenue laws would be advantageous
20 the commerce Of the United States, and laay be
made without endangering iis revenues; but hav-
ing been appointed for the sole purpose of consj-
! dcring ihc documents referred 10 them they alb
stain rom introducing any other subject, end re-
commend the following resolutions
Resolved, Thatthe New York Chamber Of Com
inerce cannot concur in the views of the philadel.
pha Chamber ni Commerce, contained in thei-
memorial 10 Congress in favour Of Warehousinc ano
Cash du'ies, ard that they consider the system os
credits on duties which has already stood the test
Of forty years experience, to he less EXPENSIVE
end more convenient 70 the merchant. less burden
some 70 commerce, moe economical 10 the re
venue, an, PETER calculated 10 secure its coiec
tion than the substitute which is proposed.
Resolved, That the President transmit this 70
solution to the President of the Philadelphia Cham.
Der Of Commerce
Al which is respectfully submitted
New ork, NOV. %, 1929
From the .Ner York .fBericon.
ASH Duties AND WARFHOUsIHG SYsrrv
Tho Report uron these subjects, presented f.
the Chamber OF Commerce Of this civ, BY Con-
miuee Of iis own members, which was published
10 this paper on Wednesday, was adop;cd bv a.,
| boIy, with the following resolution
Resolved, That the n York Chamber of Can,
rnerce cannot concur 10 he views Of the Phiiade
ptia Chamber Of Commerce coniained in tbei,
memorial TO Conct.ss in favor Of compulsory
warehousing nj cash dudes. and that they con
Saer IN syscu OF credits duh n which have
ar'adv stood iht test OF foriy years experience tc
b@ I~ss extensive, and more economical TO lie
revenue, and better caIcD aed 20 secure its col'ec~
IN than The substitute which - propose1
Reeoiy d, Thet the President transmit this raso.
lu'icn n The President Of tae Philadelphia char
her Of Commerce.
Az which isrespoctfglly suhmiteJ
New York Nov. p, 1893
MEETING or MERCHANTS
Bosrow, December I6-hts .osetinr - ,,.-
chants, holden az the Exchange Coffse H,-tss
December ls' 70 consider ine eSpcdieney Of me.
m"l!'@ng congress on the subject Of a Ware
hod1ng SyStem, and an extension OF the time FL.
IL ~