Daily Richmond Whig. [volume] (Richmond, Va.) 1828-1831, 1829-12-21

divided among greater ntnLer The CREDITS nov
allowed arc also unnecessarily COMPLICATED Tho
long credits teas have yea asoure. Of heavy lss
20 the revenue, and consequently injurious 10 the IN
terests they were intended 10 pr mote Experience
has proved, that, by furnishing opportunity for
they stimulate adventurous speculation lass ruin.
Gus 10 hose connect ID with them, tha prejuacia
the Government. The terms of payment Cor duiies
now presented by law, are Us follows.
Al sums not exceeding $50. are payable il cash
all SUNS exceeding $50, Tor dutss 10 produce OF
the Vest indies, (cxcep -t piaces north Of the
equator and situate OF the eastern ssores of America,
or its adjacent seas, bays and CULTS, half ir
months one half in rloaths,
I On salt, months:
On wines, IL months:
! On al goods imported from Europe (other thau
VINES snt and teas one third in months one third
IL ~ inoBths aud one third in - months
on all goods lotiieE than VINES SALT and teas i'm.
ported from any other place then Europe and th.
West Indies, one third IN months one third in IL,
months and U,e third in - months:
! On teas imported from China or Europe stored as
security for duties, credit of years is allowed
When delivered for consumption the duties not ex-
ceedIng s 00, a credit of ! months with securty
II over 500 and not exceeding $780, months; over
$500 IL months; the credit in any case to extend
beyoid the two years allowed on opposite OF the
teas
On and spirits stored rs security for duties.
the same credit, on delivery If stored to
! exceed - months:
The term Of G, g, and , months might be adon-
tcd as a fair average of existing credits. a change
II introduced PtosPectivey, could be sensiby ec
IN the price OF any article of importation; and the
reduction OF duties on teas and some other import6
,,>i Gounlrlss south VI the equator if that be
thought advisable, would counteract the effect gf
shortened credit upon the interests Of navigation IN
that region.
!. Ehe average proposed somewhat increases the
length o. the credits iuportations from the West
lHules' pom tins point 1t may pc observed, that the
profits Of the West India trade, being reduced tn
their minimum, every proper facility given TO il,
could not but be felt In the agricultural as well as the
commerce and navigation of the United States; those
limo only
staple products of several of the States. The same
object may be further promoted by the reduction &C
dunes on coffee, spices, and some Other products f
these Islands.
Il Il is also WORTHY CONSIDERATION, whether any
( modification Of the revenue system, with view To
Improve The West India trade, might not, with adj
vantage, be arranged in such manner, as to give
preference tie productions of those colonies into
which american navigation is permitted.
The effects Of change in the credit system, and
of reduction of duties upSn the various interests II
the nation, other than revenue, suggested IN
cidental considerations. which, though they might
not be deemed of such character Is Justify
vision Of the laws, yet cannot safely be over
looked in modification called for ~ other ludspeu-
4 sable objects. 1t may be proper, however. in all
IF measures of this nature, to keep in view that the
e money power OF the Government, whether exerted
the imposition, distribution, reduction of taxes
or Ia the disbursement of the pubic treasure, re-
CURES 10 be exercised with the most guarded and
steady purpose OF uniting absolute and rclatiye ms
tIce IN the same point. Whatever propels an undua
portion OF capital INTO one pursuit, must tend where
7
and lessen the profits. The same operation viii
cause AT least relative increase in The profits of
other pursuits from which capital has been Withdrawn
The application Of the money power of the Govern
ment to regulate the uncquai% action caused b., surh
or any other ctsnges IN humaHNeononiv is in Its ma
tre incapable OF precise and certain adaptation 70
Its end hence, the necessity for care and moderation
y III all measures OF this character Every mistake
must increase the irregularities intended TO be rene
died. and Interrupt and disturb that gradual growth
"hich best promotes and secu substantial pfospEr
V. % ARE q.
r IN human emPoymens. that it has been even doubted
h whether the inventive genious Of man in the deve-
n openent OF means for saving abor and multiplying
n mechanical power, has not proved rather an evil than
benefit. y close observance OF this operation wiz
- However, demonstrate that, whatever. there Ipay b,
Of evil IN y, Fses only from the sudleuness Of the
. change bmploymruis ssSs,,.iu 10 the support ~
many, haTebeen superseded 50 suddenly as 10 leave
thenl dependent the charities of those who may
have proiitcd by the event; this would not have o..
p CURED had the process been Graduated as 10 tune
: more contormably to the HABITS md conditions of
n those liable to be affected by It, The employments
thus superseded, will, however scarcely be known TO-
or needed 10y, the next generation; others will take
q thelr pace, and those vino cannot enter upon
pursuits though without hope for themselves, may
a yet be cOnsoed with liter prospect for poserity
: 1t may not be Improbable 20 observe that total
revolution Is taking place in many of the product
% employmeuts throu ,houf uIe civilized world The
improvements in science and arts. longer Interrupt
teddy war, have been directed to other objects and
havc 80 inCEeasedthe power OF production that the
:, tlde OF prices, which had been long on the food s
) gradually sbbing, under deprecated curren-
. cy. The relative values between labor and pro-
ducts have also changed, but not yet adjusted
Ihe depression OF prices, falling unCqualfy OH the
different species OF property runOus rusny ard
rcpugnant TO the feelings Of those who do not
really suffer. II may be- long before proper adjust,
~ mcnt Of these values rcmOycs the evil and until
thcp, the busy world Will be agita red by tho c5uvu
struggles Of It's various int csts, each to aver:
from itself aud throw upon others. the impending al
- vCrslty. The ramicattous ot these connecting aud
tod. ~
be doubted whc,Ler ANY degree Of Intelligence, how
~ ever FREQ from the miueuCe Of special inter rests
- could. by the exercise OF political power, material
ly lessen tire evil The uctivC energies Of man, stun.
= u.ated by necessity, emulation. and love Of " a b,
are perhaps the agents most 90 be fchtd Upon. IN
. maintaining sautary equilibrium iu 'he variuls OPP
. erations Of human crpusc. Every nov dsp s..
= ton. therefore, Of the money power. 81 b. sale
IL n. ~