The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1842-12-15

tanled il il gToWlh, Eill now speedily
: recoSer from the evils Incident % pro-
Tlraeied war. exhibiting. in he increased
amount Of is rich productions, irue eSi-
denees of returning wealth and prosperi-
~ d. The practice Of rigid jasiiee 10
1zras he numerous Indian tribes resid-
ing within onr territorial limits, and he
exercise Of parental sigiiance over their
Interests, protecting them against fraud
and intrusion. and Al the same time using
every proper rxpsdient tsiniroduce among
Them the airs Of civilized life. We may
fonily hope not only 10 wean them from
their love for war. bui 10 inspire Them
with a love Of peace and al lis svocalions.
With several Of The tribes great progress
IN eiFilizing lhem has already been made.
The schoolmasier and the missionary arr
found side By side. and The remnants Of
what were onee numerous aud powerful
nations may yet be preserved as The bull
ders up OF J new name for themselves and
their pnsteriiy.
The balance in the Treasury on The
lst Of January, 1912. Exclusive az The
i amount deposited with the States. Tms,
Funds and Indemnitiesl was s23O,4s3
6S. The receipts into The Treasury du.
ring The three first quarters ofihe present
year from all sources, amount to SO, GIG,
500 rs; Of which more than fourteen
millions were received from customs, and
about one million from tie public lands.
The receipts Tor The faurth quarter are
estimated al nearly eight millions; ol
which four millions are expected fromcus.
IONS, and three millions and a half from
loans and treasury notes. The expeH-
dilures Of The FIRST three quarters Of The
present year exceed twenty-six millions,
and those estimated for he fourth qnar-
J ter amount TO abou, eight millions; and
! il is anticipated there will he delicien.
cy Of half a million on the lst Of January
! next; but the amount Of outstanding var
rants (es,iniaied al SsO0,O0O) viii leave
an actual balance Of about S22i.O00 in
, the Treasury. Among the expenditures
Of the year. are more than eight millions
for the public debt, and $500, 0GO on ac-
count Of the distribution TO The States oil
! the proceeds Of sales Of the public lands.
The present tariff ef duties was some
J what hastily and hurrie,lly passed neaI
the close Of The late session Of Congress.
! That it should have defects can, there
fore, be surprising to no one. To remedy
such defects as may be found TO exist in
many Of its numerous provisions, will not
fail 10 claim your serious attention. II
may well merit inquiry, whether The ex
action of all duties iincash does not call
J for the introduction OF system which
has proved highly beneficial in countries
where il has heen adopted. lrefer 10 the
ware housing system. The FIRST and most
prominent effect which il would produce
would be to project the market alike a
: gainst redundant or deficient. supplies ol
/. foreign fabrics--5oth Of which, in the
long run, are injurious as we'll to the ma
, nGfacturcr as the importer. The qran
ti.y Of goods in store being at all times
readily known, il would enable the i'm
porter, with an approach 10 accuracy, to
ascertain the actual wants Of he market,
and 10 regulate himself accordingly. II,
however. he should falliinto error, by i'm.
porting an excess above the public wants,
he could readily correct its evils BY avail.
ing himself of The benefits and advantages
/ of the system thus established. IL the
s,orehcuse. the goods imported would
, await the demand of the market, and
J their issues would be governed BY the fix
ed principles of demands and supply.
Thus an approximation would be made
to siesdiness and uniformity Of price.
which, if at,ainable, would conduce tn
, the decided advantage of mercantile and
mechanical operations.
The apprehension may be we'll enter
tanned that, without something to amc!io.
rate the rigor Of cash payments, the entire
import trade may fall into the hands Of q
few wealthy capitalists. in this country
i and in Europe. The small importer
who relultes all the money he can raise
for investments sbroad, and who can bu
i'll afford TO pay the lowest duty. would
have to subduci in advance a portion o.
! his funds in order TO pay thesduiies, and
would lose the interest upon the amonn
= thus paid for all the time the goods nigh
remain uhsold, which might Absorb
his profits. The rich capitalistsabroad
. as well as al home, would thus possess
after short time, an almost exclusive
, monopoly Of the import trade, and law:
: designed for the benefit Of the few,
: result wholly uncopgsnials with the spiri
nf our Institutions, and anll.repubI,can ia
all its t.ndpncies. The warehousing sys.
J ten would enable the importer. ,n,watch
, The market. and select his own time f.,
! offering his goods for sale. A prof,asl Il
PARTON ef the carrying trade in ariicIes
; entered for the benefit of drawback. mus
/ also be moss seriously !adec'ed. wi,hou
the adoption Of some sxpedlem to relieve
, The cash system. The waIehnusing
, system would afford that relief. since the
carer would have a safe recourse Il
the public sIorehnuses, and might, with.