Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1829-12-24

the adoption Of such measures ~ may he cal.
culated IN prevent M Evil. not less dangerous
TO the morals Of those exposed o the ,empie-
ton. than injurious tn the interests fthe Ma
ton. Every measure intended for this OBJECT
will unavoidsbly subject the fair trader to some
inconvenie nee. hut ihls should be considered as
: more than counierbalaneed, hy the protecirrn
u affords against tie ruinous Competition Of
I those, who can only be restrained by Efficient
laws. vigorously executed
The present credit system, II is belese5,
may be materially improved. II the purchased
of goods. of any Other person than the impor
ter could he lawfully substituted, rs the prin-
cipai on Custom house bonds, IN alt cases
where the impo ter as not indebted on bonds
due and unpaid. the security of these debts
nigh be greatly increased. II would IN such
case depend on the solvency of n class o. ner,
chants exposed To less hazard ~ their business
besides beng divided among greater uumper.
The credits now allowed ARE aisU unuu csasariiy
complicated. rhf 10 e,edH5 on teas have
been - sourne oil heavy loss 10 the revenue, and
consequently injurious 10 The Interests they
wee intended To promote. Experience hns
proved, that. by furnishing an ppor'unItv for,
they stimulate adventurous speculation, not
less ruinou. TO th1sc connected with them, than
prejudicia 10 the Government The terms Of
payment fol duties, now presented by law, are
Ms follows.
All sums not exceeding $50, arc payable in
Cs0h, oil sums exceeding Sbo Tor duties on The
produce of the West lndlrs, Except sat- or
places north of the equator, and aitua'e 90 the
eastern shores America, or us adjacent seas,
BAYS aud CULTS, one hnii in d months, Que haif
in mouths
On salt, q manihs
On wines ~ months
On al goods imported from Europe, {olheI
than wines, snli ~ feas,) one ,hrd IN y moths,
one third ~ 10 months. aud one third IN II
months
On al goods. (other tban wines, salt, and
teaa.) lnported from any other place than
Europc aud the West inlies, one third in o
months one third III 10 months, and one tnIrd
10 N mouths
Ola teas imp eried from China or Europe,
stored ~ security for duties, u credit OF two
wears / allowed When delivered for con-
sumption, the duties, no, exceeding 800, on
ctedit of 4 months VII security II over
! $loO. aud mol exceeding $780, 8 m,nlhs
over S5Ou IL monihs i; the credit not H. any
casc 60 extend beyond the two years allowed
on deposit Of the tens
| On VINES mud spirits, stored MS security
for DUTIES The same credit, on delivery, as Ii
not stored not 10 exceed II mouths
Tie lrrfn 81 q, ., aud Il months, nigh, he
adopted as far average nf existing credils.
not he ,cnsibly felt IN the prico oi and article
of importation aud the reduction Of III {. dulies
on teas, and souie other ,mporta,ions from
countries south OF the equator. &c thni be
thought ad,iiAble, " ND colnlerec the eject
oi u shoftened credit upon the Interests Of ns.
viRaIiau ~ that region.
The uverrge proposed somewhat increases
the lougtb of The credits on imporalions from
the West Indies Upon tbs pu,ot IL may bc
observed, thai The profits II he West India
trnde, being reducei'to their minimum, every
proper fncIli Ygyen 10 H. could not hut be- felt
IN the agriculture. NJ well n the commerce
nnd navigation of III. unli,d state those
colonle. b lng almost The o. market for many
Of the Shape products oi sew fai oi til Siates.
The sanie .obec, mny he further promoted.
by the rednc ion II dnlie. on coffee spices. and
some other pfoduc 4 oil these Islands
J. Is also worthy OF eonsderaf on, whether
any odifcaion oi the feYenne system, with
n view 10 improve Tie West IlJla trade, might
not, with advantage, be arranged In such man
ncr, rs 10 Civ preference 10 the pr0duct ions
OF those colonies into which American naviga.
lions is permitted
The.ciecis oi change in the credit system
hnd Of reduction of dnlirs, upon The various
interests nj tpa natiJn, other Than reveDue, are
suggested MS incidental cnnsidcrniiOns, VII ich,.
lhongh they might moi be deemed of S h a
character Hs 10 justify "A re, ision oi The revenue
laws, yet eanno safely be overlooked IN q mo
d lGcai ION called Tor by other indispensable oh.
jects. Il may be proper. however, ~ all mea
sures Of ibis nature. 10 keep IN view, that the
none, power OF the Governm whether exer.
ted in the imposition, distribution o. reddclion
Of taxes, OF in the disbursement 81 the public
treasurn requires 10 be exercised with the nrst
guarded ~ steady purpose of uniting absolute Il
fentIv justice ~ the same puint. Nhatcvc pro
pes an undue pofiion III capital intO one pursuit
most tend, whorh capital ~ abundant, sponrr
~ later t. ovrrcharge IT, and lessen the profits.
lhJ same operation will casne al lea5i relative
INCREASE la The profits OF other pursuits from
whirb capita has been Withdrawn The appl
cslion Of the money power Of the Govern
rneut 10 regulate the unequal action caused bs
such OF any other change. is hurna" eco,pmy,
IA, u ats nature incapable OF precise and cer-
tain adaptation 10 lis end hence, tie nec'ssi
" for care and moderation ~ all measures OF
this character. Every mistake must increase
the iTreg ularities intended to he Tencdied, and
interr0p AMI disturb thu gradual growth which
hes promotes and secures su stsniial prospect.
~. SO mi ,lous are great anl sndden Aurtna
iIuus Ia homan employ ineals, that II has b eR
even, doubted whether the inventive < MUS
Of man, 10 the development Of means for saving
labor, aud multiplying mechanical power, has
not proved rather an evil than a benefit. A
close observance of this operation viii hn~r-.
var demonstrate that, Whatever fbtr NAV be Z
cvd IN u, a ises only from the suddcnp IS diibe
change, Employn'enisessentia' 20 the support
OF many, have been superseded so suddenly
AS to leave them dependent on The charities Of
those who may have profited by the event
this would not have occurred had the process
been graduated as T. time, more conformably
TO the habits and conditions of those liable to
be affected 10y II. The employment, thus soper-
seeded, WILL however, scarcely he known 10, or
needed by, the next generation others will
take their place, aud those who can no, enter
Opon new pursuits. though without hope tor
the mseiyes, may yet he consoed with better
prospect tor posteriio.
IL ma, not BE- Improbable TO observe. mat a
nihl Iexoluii0n Is Iaking place in manY OF the