The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-12-08
NEW YORK. THURSDAY MORNING. DECEMBER s. ls42

well to the manufacturer as the importer The
quantity OF goods In store being all times readily
known, IT would enable the importer with an APP
proach TO accuracy, 10 ascertain the actual wants
OF the market, and 10 regulate himself accordingly
| 1t, however, he should fall into error, by importing
an excess above the public wants, he could readily
correct ITS evils by availing himself of the bene-
hts and advantages OF the system thus established
| In the storehouse the goods imported would await
| the demands OF the market, aud their issues would
| be governed by the liked principles OF demand and
| supply, Thus an approximation would be made to
/ steadness and uniformity of price, which, if at
tanable would conduce TO the decided advantage
| OF mercantile and mechanical operations.
The apprehension may be well entertained that
| without something TO ameliorate the rgor of cash
payments, the entire import trade may fall into the
| hands 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,
wonld have to subduct in advance portion of his
funds in order 10 pay the duties and would lose the
interest upon the amount thus paid for all the time
| the goods might remain unsold, which might alb
sorb his profits. The rich capitalist abroad, as well
as at home. would thus possess, after short time,
| an almost exclusive monopoly OF the import trade,
and laws designed for the benefit of all, would thus
| operate for the benefit of a tew-a result wholly
uncongenial with the spirit of our institutions. and
| ant-republcan in all its tendencies The Ware
housing System would enable the importer TO watch
the market, and to select hts own time for offering
| his goods for sale A profitable portion of the
|
| drawback, must also be most seriously affected,
without the adoption of some expedient to relieve
| the cash system. The warehousing system would
afford that relief, since the carrier would have
safe recourse TO the public store houses, and might
without advancing the duty, reship within some
reasonable period to foreign ports. further effect
OF the measure would be to supersede the system of
| drawbacks, thereby effectuay protecting the Co
vernment against fraud, as the right of debenture
would not attach TO goods after their withdrawal
| from the public stores
| In revising the existing tariff of duties, should
you deem 1t proper to do at your present session.
can only repeat the suggestions and recommenda-
| tons which, upon several occasions, have hereto
tore felt II TO be my duty To offer to Congress- The
great, primary and controlling interest of the Amer
lean people Is union-union not only in the mere
| forms OF government, forms which may be broken
but union founded In an attachment of States and
| lndivdna.s for each other. This union ia seAii-
ment and feeling can only be preserved by the adop
| ton OF that course OF policy which, neither giving
| exclusive benefits 10 some, nor imposing unneces-
sary 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 of the interests of
all alike. Nor is there any subject in regard TO
which moderation, connected with wise discrimi-
nation, is more necessary than IN the imposition of
duties imports. Whether reference be had to
| revenue, the primary object in the imposition of
taxes, or TO the incidents which necessarily flow
from their imposition, this is entirely true Exlrav-
agant duties defeat their end and object not only by
| exciting in the public mind an hostility TO the man.
ufacturng interests, but by inducing system of
smuggling on an extensive scale, andthe practice of
every manner OF fraud upon the revenue which the
utmost vigilance of Government cannot efiectually
suppress; An opposite course Of policy would be
| attended by results essentially different, of which
everv interest of society, and none more than those
| of the manufacturer, would reap important advan.
tages Among the most striking of its benefits would
Of the country in its support, and the consequent per-
| nancy and stability which would be given to all
| the operations OF industry il cannot be too often
repeated, that no system of LEGISLATION can be wise
| which IS tuctuatlng and uncertain No interest can
thrive underit The prudent capitalist will never
| adventure his capital in manufacturing establish
ments, or in any other leading pursuit of fe if
there exists state of uncertainty to whether The
Government will repeal tomorrow what il has
| enacted to-day. Fiiful profits, however high, if
| threatened with runous reduction by vacilating
| policy on the part of Government, will scarcely
tempt him to trust the money which he has acquir
ed by life OF labor, upon the uncertain adventure.
], therefore, In the spirit OF conclaoD, and inu-
enced by other desire than to the great in
| terests of the country from the vortex of political
contention and in the discharge OF the high and So
Tenn duties OF the place which now occupy, re-
commend moderate duties imposed with wise dis
examination as to their several Objects being not
| only most likely to be durable. but most adyanta.
geons TO every interest OF society,
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 gra-
tfying to find that the expenditures for the military
service are greatly reduced in amountthat strict
| system OF economy has been introduced into the
service, and the abuses OF past years greatly re-
| formed The Notifications on our maratime from
tier have been prosecuted with much vigor, and at
many points our defences are in very consldera-
| BILE state of forwardness. The suggestions i'm re-
| ference to the establishment OF means of commu-
nlcation with our territories the Pacific. and to
| the surveys so essential TO knowledge of the
| sources of the intermediate country, are entitled
/ to the most favorable consideration.
While would propose nothing inconsistent with
] friendly negotiations to settle the extent of our
claims in that region, vet prudent forecast points
out the necessity of such measures may enable
us to maintain our rights The arrangements made
tor preserving our neutral relations the boun-
Diary between US and Texas, and keeping in check
| the Indians in that quarter, will be maintained so
long as circumstances may require.
For several years angry contentious have grown
out OF the disposition directed by law to be made of
the mineral lands held by the Government in several
of the States. The Government is constituted the
landlord and the citizens of the States wherein liz
the lands, are It's tenants The relation is unwIse
one, andEt would be much more conducive of the
public interest that sale OF the lands should be made
than that they should remain in their present condi-
ion.. The supply of the ore woud be more album
dainty and certainly furnished when to be drawn
from the enterprise and the industry of the proprie
tor, than under the present system
The accommodation of the Secretary in regard
to the Improvements OF the Western wasrs and
tain prominent harbors on the Lakes, merits, and
doubt not will receive, your serious attention The
great importance of these subjects to the prosperity
of the extensive region referred to- and the security
of the whole country in time of war, cannot escape
observation. The losses Of life and property which
annually occur in the navigation of the Mississippi
alone because of the dangerous distractions in the
river, make loud demand upon Congress for the
adoption OF efficient measures for their re moval
The report of the Secretary Of the Navy will bring you
acquainted with that important branch OF the public de-
fences Considering the already and daily
commerce Of the country apart from the TO hos
tile nroad of extended sesboard all that relates the
Navy calculated TO excite parcul attention. What
ever tends TO add to its efficiency, without enailing
necessary charges upon the Treasury well worthy Of
your serious consideration II will be that while an