Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1842-12-24

inspire them with love for peace and oil
its avscations. With several of the tribes
great progress in civilizing them has alrea-
DIV been made. The schoomaster and the
missionary are found side by side, and The
remnants of what once were numerous and
powerful nations may yet be preserved as
the builders of new name for themselves
and their posterity.
The balance in the Treasury on the LIST
of January, 1912, exclusive of the amount
deposited with the States, Trust Funds and
Indemni,ies) was s23O,4s3 IS. The re-
ceipts into the Treasury during the three
first quarters of the present year. from all
sources amount TO S26,6ls,593 10; Of
which more than fourteen millions were re.
ceived from customs, and about one mill
ion from the public lands. The receipts
| for the fourth quarter are estimated at
nearly eight millions; of which four mill
| ions are expected from Customs, and three
millions and half from Loans and Treas
ury notes. The expenditures of the first
three quarters of the present year exceed
twenty six millions; aud those estimated
for the fourth quarter amount to about
eight millions; and it is anticipated there
will be deficiency of half million on the
LIST of January next-but that the amount
of outstanding warrants ESTIMATED at
SsOO,OOO) will leave an actual balance Of
about 1924 900 in the Treasury. Among the
E expenditures Of the year, are more than
eight millions for the public debt, and
S6OO,SOO on account Of the distribution TO
the States of the proceeds of the sales of
the public lands
The present tariff of duties was some
what hastily and hurriedy passed over at
the close of the late session of Congress-
! That it should have defects, can, therefore,
be surprising TO no one. To remedy such
defects as may be found to exist in many of
, its numerous provisions, will not fail TO
A claim your serious attention. 1t may well
E merit the inquiry, whether the exaction of
q all duties in cash does not call for the intro
: duction of a system which has proved
e highly beneficial in countries where it has
r been adopted. refer to the Warehousing
s System. The first and most prominent
i effect which il would produce would be TO
S protect the market alike against redundan,
e or deficient supplies of foreign fabrics
: both of which in the long run. are injurious
as well TO the manufacturer as the importer
: The quantity of goods in store being at al
f times readily known, it would enable the
: importer, with an approach TO accuracy. to
t ascertain the actual wants of the market
e and to regulate himself accordingly. If
C however, he should fall into error, by i'm
porting an excess above the public wants
n he could readily correct its evils by awaiting
f himself of the benefits and advantages o.
e the system thus established. In the store
S house the goods imported would await the
S demands Of the market, and their issue.
j. would be governed by the fixed principles
e of demand and supply. Thus an approx
e imation would be made to steadness and
/ uniformity of price. which, if attainable
would conduce to the decided advantage
: of mercantile and mechanical operations
e The apprehension may be well entertain.
n ed that without something to ameliorate
. the rigor Of cash payments. the entire i'm
I port trade may fall into the hands of few
1 wealthy capitalists in this country and ir
: Europe. The small importer, who require!
all the money he can raise for investment!
J. abroad, and who can but i'll afford TO pay
IS the lowest duty, would have to subduct II
g advance portion of his funds in order t.
y pay the duties, and would lose the interes
d upon the amount thus paid for all the tim'
y the goods might remain unsold, which
+ might absorb his profits The rich capital
1t ist abroad, as well as at home, would thu
o possess, after a short time, an almost exclu
d svc monopoly of the import trade, an'
IS avs designed for the benefit of all, woul'
IS thus operate for the benefit of the few
d result wholly uncongenial with the spiri
% Of our institutions, and anti.republican il
= all its tendencies.
m The warehousing system would enabl
is the importer to watch the market, and T.
in select his own time for offering his good
al for sale. A profitable portion Of the car
Of rying trade in articles entered for the ben
m eft Of drawback, must also be most seri
ously effected, without tho adoption of som
re expedient TO relieve the cash system. Tn
n warehousing system would afford that re
OF lief, since the carrier would have safe re
d; course to the public storehouses, and nigh
m without advancing the duty, reship with
c. some reasonable period to foreign ports.-
n A further effect Of the measure would b
IT, to supercede the system of drawback
ty thereby effectually protecting the Govern
ut ment against fraud, as the right of deber
to ture would not attach to goods after the
ID, withdrawal from the public stores.
es In revising the existing tariff Of duties. shout
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