The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-12-08


has nroyed highly beneficial 10 countries where II mas
been adopted | refer 10 the Warebousing System,
The first and most ,rominent effect which "ouiu
produce would be to protect the market alike against
redundant or deficient supplies OF foreign iaorifs-
both Of which, in the long run, are injurious as wen
to the manufactures as the importer The quahu'y
of goods in store being at all times readily known'
would enable the importer, with an approach 10 ac-
curacy To ascertain the actual wants OF the farho
and 10 regulate himself accordingly. ii, however
he should fall into error by importing excess above
the public wants he could readily correct IFS esis Dy
awaiting himself of the benefits and advantages oil the
system thus established In the storehouse the gooos
imported would await the demands Of the marker,
and their issues would be governed by the liked Prih
cples of demand and supply. Thus an approxima-
ton would be made to steadiness and uniformity oil
price which, if atainabe, would conduee to the de-
cided advantage Of mercantile and mechanical OPP
erations.
The apprehension may be well entertained that
without something amelorae the rgor OF cash pay
mens, the entire import rade may fall INTO the hahus
of few wealthy capitalists in this country, and IN
Europe. The small importer, who requires all the
money he can raise for investments abroad, and who
can but i'll afford TO pay the lowest duty, would nave
To subduct in advance portion of his funds IN ordef
TO pay the duties and would lose the interest upon
the amount thus paid for all the time the goods might
remain uDsod, which mi ht absorb his prVhts he
rich capitalist abroad, well as al home, would thu
possess, after short time, almost exclusive mo
nopoy OF the import trade and laws designed ior 'he
benefit of ALL would thus operate for the beneh OF
the few result wholly uncongenial with the spir'
of Institutions and anii-Tepublican IN all It's ZEN
denotes The Warehousing System would enable
the importer to watch the market and 10 select his
own time for offering his goods for sale. "A prohta
bic portion Of the carrying trade IN articles ep'e'eu
fol- the benefit of drawback, must also be most ser
ousIy affected without the adoption OF some expedien
to relieve the cash system. The Waiehousng Sys-
TEN would afford that relief since the carrier would
have safe to the public storehouses, and
might without advancing the duty, reshIp within
some reasonable period to foreign ports a further
effect Of the would be to supersede The sys-
TEN of drawbacks thereby efectuay protecting the
Government against fraud, the right of debeniure
would not attach 10 goods after their withdrawal from
the public stores.
In revising the existing tariff of duties should you
deem proper To do at your present session. can
! only repeat tie suggestions and recommendations
which upon several occasions, have heretofore felt
it to be my duty 10 offer TO Congress. he great PR
mary and controlling interest of the American People
| is union-union not only in the mere forms of gov
ernmen forms which may be broken-hut union
founded in attachment of States and individuals
| for each other This union in sentiment and feeling
can only be preserved by the adoption of that course
of policy which, neither giving exclusive benefits to
some nor imposing unnecessary burdens upon others,
shall consult the interests of ALL by pursuing course
of moderation, and thereby seeking to harmonic
public opinion, and causing the People every where
to feel and know that the Government is careful
/ O
iect in regard to which moderation, connected with a
wise discrimination is necessary than in the i'm
position Of duties imports. Whether reference
be had to revenue, the primary object in the mposi-
ton Of taxes or To the incidents which necessarily
flow from their imposition, this is entirely true. EX-
travagan duties detei, their end and object not only
! by exciting in the public mind an hostility to the
manufacturing interests, but by inducing sys-
tenn of smuggling on an extensive scale, and the
practice Of every manner OF fraud upon the revenue,
81
efectually suppress. An opposite course of policy
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 be that derived from the general acquiescence
ofhe country in its support and the consequent per-
manency and stability which would be given to all the
operations Of industry 1t cannot be too often re-
peated, that no system OF legislation can be wise
which is huctuating 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
a state of uncertainty as to whether the Government
will repeal tomorrow what ii has enacted to-day
Fitfu profits, however HIGH If threatened with ru-
nous reduction by yaclllatng policy on the part OF
Governments will scarcely tempt HIM to trust the
money which he has acquired by life OF labor, upon
the uncertain adventure. fore, IN the spirit OF
cancellations and influenced by no other desire than
In rescue the great int rests of the country from The
vortex of political contention, and IN the discharge OF
the high and solemn duties of the place which now
occupy. recommend moderate duties imposed with a
wise discrimination TO their several Objects as be-
ing not only most likely to be durable, but most adj
vantageous to every interest of society.
4 The report of the Secretary of the War Depart
ment exhibits very full and satisfactory account Of
the various and important interests committed to the
charge of that officer. II is particularly CRAFTY ing
to find that The expenditures for the military SER
vice are greatly reduced in amount-that strict
system of &c onomy has been introduced into the
vice. and the abuses Of past years greatly reforoed
The Notifications maritime frontier have been
prosecuted with much vigor, and at many points our
defences are in very considerable state OF forward
ness The suggestions in reference TO the establish
ment of means of communication with our territories
on the Pacific, and 10 the surveys so essential to a
knowledge Of the resources OF the intermediate coun
try are entitled TO the most favorable consideration
While / would propose nothing inconsistent with
friendly negotiations to settle the extent oil our claims
in that region yet prudent forecast points out the
necessity OF such measures as may enable us to MAIN
tain our rights. The arrangements made for preserv-
ing our neutral relations on the boundary between
/ us and Texas, and keeping in check the Indians in
that quarter will be maintained so long as circum-
stances may require.
/ For several years angry contentious have grown
out of the dispo ton directed by law TO be made Of
the mineral lands held by the Government in several
| of the States The Government is constituted The
landl I'd and the citizens of the States wherein lie
the lands are its tenants The relation is an unwise
one, and it would be much more conducive OF the
public interest that sale OF the lands should bc made
than that they should remain in their present condi-
ton The supply of the ore would be more album
dainty and certainly furnished when 10 be drawn
from the enterprise and The in usry Of the propric
tor, than under the present system.
The recommendation Of the Secretary in regard
TO the improvements of the estern waters and Ger
tain prominent harbors the lakes, merit, and
doubt not will receive your serious attention The
great importance of these subjects to the rrosperly
of the ex ensve region referred to- and the security
of the whole country 10 time of war, cannot escape
observ alton. The losses OF life and property which
annually occur in the navigation of the Mississippi
alone, because Of the dangerous distractions in he
4 a..