Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1842-12-21

all the money he can raise Tor investments
abroad, and who can but ill afford to pay
the lowest duty, would have to subduct in
! advance portion of his funds in order TO
| pay the duties, and would lose the interest
upon the amount thus paid for all the time
the goods nigh remain unsold, which might
absorb his profits. The rich capitalist "a
! broad, as we'll as at home, would thus pos
sess, after short time an almost exclusive
| monopoly of the import trade, and laws de-
! signed for the benefit Of all, would thus OPP
crate for the benefit Of the few,-a result
wholly uncongenial with the spirit Of our
institutions and anti-republican in all its
tendencies. The Warchousing System
would enable the importer to watch the
market and TO select his own time for offer
| ing his goods for sale: A profitable portion
| of the carrying trade in articles entered for
the benefit of drawback must also be most
seriously affected, without the adoption Of
some expedient 10 relieve the cash SYSTEM
The Warehousing System wo I'D afford that
relief, since the carrier would have Il safe
recourse TO the public storehouses, and
might, without advancing the duty, reship
within some reasonable period to foreign
ports. A further effect of the measure
would be 10 supersede the system Of draw
backs, thereby effectuaiy protecting the
Government against fraud, as the right Of
dobenturc would not attach to goods after
their withdrawal from the public stores.
In revising the existing tariff of duties,
should you deem it proper TO do so at your
present session; | can only repeat the
Suggestions and recommendations which,
upon several occasions, | have heretofore
felt u To- be my duty 20 offer to Congress.
Ihc great primary and controlling interest
ct the American people is union union
not only IN the mere forms Of government,
forms which may be brokcn-but union
founded in an attachment Of States and in
dviduaS Tor each other. This union in
sentiment and feeling can only be preserv-
ed by the adoption OF that course OF policy
which, neither giving exclusive benefits to
some, nor mp ,5lng unnecessary burdens
upon others, shall consult the interests Of
| all, by pursuing course OK moderation
and thereby seeking to harmonizo public
opinion, and causing the People every
! where to feel and to know that the Gov
| ernmcnt is caleful of the interests of al!
alike. Nor is there any subject in regard
to which moderation, connected with a
wise discrimination, is more necessary than
IN the imposition of duties on impo rts.-
| Whether reference be had to revenue, the
| primary object is the imposition Of taxes,
or 10 the incidents which necessarily flow
| from their imposition. this is entirely true.
| Extravagant duties defeat their ends and
| objects, not only by exciting in the public
mini an hostility to the manufacturing in
| tcrests, but by inducing e system Of SNUG
| Cling on an extensive scale, and the prac-
tlce of every manner of fraud upon the re-
venue. which the utmost vigilance Of Co
vernment cannot elfectua,y 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 rea D
| important advantages. Among the mos,
slikng Of its benefits would be that derived
| from the general acquiescence Of the coun-
| try in lis support, and the consequent per-
| manency and stability which would be gi-
ven to all the operations of industry. 1t
cannot be too often repeated, that no sys-
TEN of Legislation can be wise which is
! fluctua,ing and uncertain. No interest can
thrive under it. The prudent capitalist will
| never adventure his capital in manufactu-
ring establishments, or in any other lead
ing pursuit Of life, if there exists Il state of
uncertainty rs to whether the Government
will repeal tomorrow what it has enacted
to-day. Fitlu profits, however high, if
| threatened with Il runous reduction by a
vacillating policy on the part of Govern
mcnt, will scarcely tempt him to trust the
money, which he has acquired bya life Of
labor. upon the unce rtain adventure /,
therefore, in the spirit of cancellation, re-
commend moderate duties imposed with a
wise discrimination as to their several OBJ
jects, as being not only most likely to be
durable, but most advantageous to every
| interest of society.
The report Of the Secretary Of War De-
/ parlment exhibits full and satisfactory
account of the various important interests
committed to the charge Of that officer 1t
is particularly gratifying to find that the
expenditures for the military service are
| greatly reduced in amount-that a strict
! system OF economy has been introduced
into the survice, and.the abuses Of past
! years greatly reformed. The Notifications
on our maratime frontier have been prose-
cuted with much vigor, and at many points
our deiences are in a very considerable
state of forwardness. The suggestions in
reference TO the establishment Of means of
communication with our territories on the
Pacific, and the surveys so essential to a
knowledge Of the resources Of the mmedi-
! ate country. are entitled to the most favor
I able consideration. While | would pur-
pose nothing Inconsistent with friendly ne
gotations to settle the extent Of our claims
in that region. yet prudent forecast points
out the necessity Of such measures as NAV
enable us to maintain our rights. The
arrangements made for preserving our neu-