Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1828-12-19


back on Sugar refined in the United States. Some
further discussion took place. which terminated in thr
ofdcr ior the cngrosslnent ofthe bill for II third reu
ing this day, by Il vote OF | II TO II.
Eroa, The National Jc,,,,5,
The Croft SySfem.-Public attention hoe b,,,
reused to the system, which, originating in the infan
cy -four national prosperity still continues of allow
ing the importers OF goods to land and dispose of their
mcrchaldse on giving bonds for the payment of tho.
aga duties As it is likely that the strong express
soils OF public opinion may lead to some Legislative
action on the subject, is certainly the first mpor
tnce TINT such investigation should take Mace ma
Will make clear the imputed evils of tho present poll
lcy' and may guard the public interests against any
INJURY from Change 1t has been. we believe per-
orally admitted that the prominent evil of tho nreso,,
system Is the facility which the onr credit riven bv
the Government throws into the hands of the specula
tors, by enabling them to trade on this national CAM
tai. cargo OF merchandise arrives, invoiced an
looooo dollars and the duty which, taken at 5n
per centunl Is 10000. The importer owes ton,l.
lands his goods and makes sales-in which he is aid
ed by the present auction systcm-and with the cap
al which he has derived from the Government en-
PARKS III new speculnons, rely ing upon their success
ITO enable him TO iiquidate his bonds discharge his
Slret1es, and fulfil his obligations the public Till.
wisdom OF tins policy, at moment when our com
crce was struggling tor existence, when our Sims
were few, and the native enterprise OF Our citizens
was repressed by the chilling influence of poverty is
onvlons; and the question to be now resolved is.
Wnethsr our commerce SILL requires this t6sterintt
AID, or whether have not reached that star si'
prosperity when capital is to be found for all the USE
tnl purposes Of ride. That the proposition to channe
Il System by which individuals have been enabled N
SO many instances, to enlarge the sphere of their cum
merc7nl operations and to command the neHns oS
private enjoyment and personal credit, should be VIC.
cntly opposed, TO be expected But without ref:
erence to the objections which may emanate from
this source the subject demands and deserves consio
Grafton on pubic rounds alore
Al meeting OF the merchants of Boston, we fld
mat the following resolutions adopted
j Resolved, That
posed N rco, from the Philadelphia Chamber Conmerfe
10 the Congress of the United States needless res.
fant upon commerce. injurious TO the whole
connuy hut that such modification present system OF
government ced as would enable the importer realize tile
amount OF duties from the articles imported and al .he saS
ne preclude The use of s'ic credits capitol other put.
VIM ammunition OF duties equal TO the interest the
ference of credit, would tendency 10 correct the evils
That have grown out Of this system and 10 AZ
sound and healthy stau.
Resolved That partial modified warehorsng sys,
% with an extension of the time allowed for exporting with
privilege Of drawback exemption when thus expored
from all charges but moderate storage would afford
siTny o+hc facility the Carrying trade and laye
eoy 10 sFe visor ana stability 10 the commerce of thy
Resolved, That tue existing laws which give the Govern
cnt preference other the effects of nsolyer
tors are not consistent with sound policy impartial jus.
tree and ought therefore 10 he abolished
H. Resolved That the fees demanded at the Custom TEuse
and the tonnage duty lev led OIL our yesscs arr ;rrc @ ~
prcssive tax ON TIE navigation of the country.
Resolved That memorial embracing the substance f:e
foregoing resolutions be forwarded Senators from this
State, and the Representative from This District with request
mat 1t may be presented Congress- subject of cash
payment Of duties so,d he brought forward at the present a.
The first Of these resolutions, it sill be st,sn oppo-
SOS the entire abrogatlon of the credit SYSTEM and
suggests a modification which, if cfcctual to the ex-
tent named would secure the object which we rcpard
as the most lnportant-the employment of the public
capital to the purposes private speculation lfthot
be obtained, 1T Is OF minor consequence whether it is
accomplished by an entire change simple Inodi-
CATION.
fho objects designated by the second resolutions,
extending the term for the allowance ofdrawbacl:,
and moderate charges for STORAGE have he,,n obtnin
tJ fhp hi yy-bir Il T.
fhc third resolution appears to have been III stated
more by individual than public spirit. The Govern
mcn Is justly entitled to preference above al other
creditors. According to the law nc Gnods arr 20 he
landed until the duties lave been paid The INV
men of the duties, therefore, is the first obligation
apon the importer and if, by the indulgence of tire
Government he IS permitted to land his goods en-
giving security, it you'd be mancsy unjust to take
from the Government, III return for indulgence the
preicrcuceit legitrnatey possesses. There is r in
ilng through great portion oithc conmun 81 laH-
morality Oh the subject ofdciraudiuy the public cred
tor 'Vost men = and mon who, it is charity to BIT
hcvc, would not be guilty ofiDdvidual fraud-corrsd
or 1t an affair Invested oany immoral feature to over
reach me Government. Take away the barrier prf-
sented ~ the preference the law gives to the Coz.
crnmeut, and there VIII never. from that moment b..
single bond recovered bv suit. The LOSSES 10 In,
public viii be much moro frequent. aDd more consid-
erabc IN amount, than they under tie prestn;
systcm.
We thinI; it must be ob,ions 10 every ono uho Is
inclined TO take dispassiun1te view of tho subject
Ihat some cnange II the system IL lofdy called for.
IL Is not only demanded ~ circumstances but is r.
qnay required b. the voice Of large portion of tire
community, weary of bcing The eternal creditor of
c.ass OF speculative citizens. he following conruu-
Wcation, which VIC find in the New York Gazette
einDoues the sentiments OF many thousands in that
city and OF still greater number in our other coru-
iaercIal nars, and Of the whole mass fAnerican CT
l"eS "o are disconnected with commercial pursuits
te' IN DnteIt pleasing observe that tine FEELINGS
@ Toe most Thinking part If the mercantile community beejn 70
nc awakened to sense Of the dangers impending or conrp
d TIC present system Of CTed continued Tc'
mas teNn no system cnaan from government that has been
ne t cause ~ bankruptcies aud min than this Al
thoh ID many recently and probably altogether in III,
ci 'gc OF the commerce of this country, been type-
hc yct oi late the general tendency certainly has been PENN
10 ofr