Sunbury American and Shamokin journal. [volume] (Sunbury, Northumberland Co., Pa.) 1840-1848, 1842-12-10

! ford to pay the lowest duty, would have to sub.
duct in advance portion of his funds, in order
| to pay the duties, aud would lose the interest
| npou TIE amount thus paid for, all the time the
! goods might remain unsold, which might ab-
sorb his profits. The rich capitalists abroad,
as we'll as at home, would thus possess, after a
| snort time, u3 almost exclusive monopoly ofthe
! import trade and laws designed for the benz
eft of all who would thus operate for the benz
eft Of the tew,--a result wholly uncongenlal
with the spirit of onr institutions, and nnti-re-
publican in all i,s tendencies. The Ware
housirg System would enable the importer to
to watch the market, and TO select his own tinc
for offering his goods for sale. A profitable
portion ofthe carrying trade in articles en-
tered for the benefit ef drawback, must also
be most seriously affected, without the adop-
ttcn of some cxpedirnt TO relieve the cash sys-
TEN. Tie Wareiousing System would afford
that relief, since the carrier would have safe
recourse to the public storchouses. and might,
without advancing the duty, rcship within some
reasonable period to foreign ports. A further
effect of the measure wo9ld be TO supcTsede
the systems of drawbacks, thereby efiectualy
protecting the Government against fraud, as The
right of debcnturc would not attach To goods
after their withdrawal from the public stores
In revising the existing tariff of duties should
you deem il proper TO do so at your present
session, | can only repeat the suggestion and
recommendations which, upon several ucca-
sons, | have heretofore felt 1t to be my duty
to offer to Congress The great primary and
controlling interest Of the American People is
union--unon not only in the mere forms Of
Recommendations which NAV be broken, but
union founded in an attachment Of States and
individuals for each other This union in scnti-
onpt and linz n, ho cod hp hp
adoption of that course Of policy which neither
giving exclusive benefits to some. nor impos-
ing unnecessary burdens upon others, shall con-
sultt" interests of all, by pursuing course of
moderation, and thereby seeking to harmonize
public opinion, and causing the People every
where to feel and to know that the Govern
ment is careful of The interests Of all alike.
Nor is there any subject in regard to which
moderation. connected with wise discrimna-
ton, is more necessary than in the imposition
Of duties on imports. Whether reference be-
had to revenue. the primary object in the impo.
siton of taxes. or to the incidents which ne
ccssarilv flow from their imposition, this is on
tirely true. FXtravagant duties defeat their
end and object not only by exciting in the
public mind any hostility to the manufacturing
interests, but hy inducing q system of snug
Cling or an extensive scale, and the practice OF
every manner Of fraud upon the revenue, whl:h
the utmost vigilance Of Government cannot Of
fectually suppress. An opposite course of poll
cv would be attended by results essentially
different, of which every interest Of society,
and none more than those Of the manufacturer,
would reap important advantages. Among
the most striking of its benefits would he that
derived from the general acquiescencc Of the
country in its support. and the consequent per-
manency and stability which would be given
to all the operations of industry. ltcannot be
too of.en repeated, that no system of legislation
can be wise which is fuctuating and uncertain,
No interest can thrive under it.
The prudent capitalist will never adventure
his capital in manufacturing establishments,
or in any other leading pursuit of life, if there
exists state of uncertainty as TO whether the
Government will repeal tomorrow what it has
enacted to-day. Fitfu profits, however high,
! if threatened with n ruinous reduction hy a
vasciating policy on the part Of Government
will scarcely tempt him to trust the money
which he has acquired by life of labor, upon
the uncertain adventure. 7. therefore, in the
spirit Of Cancellation. and influenced by no ~
/ thpr desire than to rescue the great interests o.
! the country from the vortex Of political con.
( tention. and in the discharge Of the high and
| solemn duties Of the place which now occupy
/ recommend moderate duties imposed with a
wise discrimination as 10 their several objects
! as being not only most likely to be durable, but
most advantageous 10 every interest otsocety
The report of the S. 'cretary Of War is not ced
and it is stated that the expenditures for military
services greatly reduced, and that strict sys
TEN of economy has been introduced into the sci
vice. and the abu es Of past years reformed. Thu
prosecuted with vigor. The recommendations q
the Secretary, in relation TO the improvement O
the Western watcs and certain prominen, h,rbor
on the lakes, are concuued in and urged upo
Congress-
The report of the Secretary OF ths Navy.
ment and # the Navy, commended TO he particu
lar attention of Congress.
The expenditures of the Post-ofiice Departmer
for the current year, stat to have been bougl
within its income, without lessenng It's gener
usefulness.
The plan of Government Exchequer, whic
was lad before Congre at its Last session, is
, gain recommended as follows;
In view of the fact that, IN 1880, the who
tank uote circulation within the United Stat
amounted to but SCI DR., sos, according TO Il
I Treasury statement aud that an addition hi
: becn made thereto Of the enormous sum
= SIS, ,000,0UG in seven years, (the clrcu!ati'
: on the first January. lS37, helng stated al 81
p lsj,s90,) aided by the great facilities afford
Il in obtaining loans from European caPr;alls
G who were seized with the same speculate
r muna which prevailed in the United States
\, and the large inlportatluns Of funds from
70 ! hrnlN ILn rnslIli Of stock .ulrs mud lrana- -