Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1842-12-09

a pareHtel vigilance over their INTEREST,"
I protecting them against fraud and in
t@rusion, and at tho same time using CIV
, Try proper expedient TO introduce anon!
!, them The arts Of civilized life, We may
I fendly hope not only TO wean them from
their love for war, but 10 inspire thea
witha love for peace & all its ayocalions
With several Of the tribes great progress
il civilizing them has already beer
made. The schooImaster ani the mis-
sionsfy are found side by side, and the
remnants Of what were once numerous
and powerful nations may yel be pre-
served as builders up Of a new name for
themselves and their poSlerity.
The balance in Inc Treasury on the
lsl Of Jan 1912, exclusive OF the a
mount deposited with the States, trust
funds and indemnitiesi was $2SO,463
IS. The receipts into the treasury du-
ring the three first quarters of the pres
ent year, from all sources, amount 10
S9G,6l6 500 sc; Of which more than
fourteen millions were received from
customs, and about ten million from the
public lands. The receipts for the
fourth quarter are estimated at nearly
eight millions, OF which four millions
are expected from customs, and three
millions and a half from loans and Urea.
sury notes, The expenditures of the
frs, three quarters Of The present year
exceed twenty six millions; and those
estimated fer the fourth quarter amount
10 about eight miilions; and 1t is antici
pated there will be a deficiency Of half
a million en- the l,tsof January next
but that the amount of outstanding war.
rants ESTIMATED al 500 900 dollars will
leave an actual amount OF about $4,000
dollars in the treasury. Among the ex
pendItnfes OF the year are more than
eight mi lions for the public debt, and
500 ,O0O dollars on account Of tho dis.
trIbGtlon to the states ofahe proceeds Of
sales Of the public lands.
The present tariff of duties was some
what hastily and hurriedly passed near
the close ofthe last session OF Congress.
Thai it should have defects can, there
fore, be surprising 10 no one. To rem
edy such defects as may be rovnd to ex
ISL in many Of the numor Gus provisions,
viii not fal, TO claim your serious at.
t%en'ion. 1t may well merit enquiry,
whether the exaction Of ali duties in
cash does not call for the introduction of
a system which has proved highly bene-
fetal 10 countries where it has been a.
dopted refer to the Warehouse sys.
TEN. The first and most prominent eff
feet which it would produce would be- to
protect the market alike against redun
danI or deficient supplies Of foreign fab.
RIGS both Of which, 10 the long run, are
injurious as well TO The manufacturer as
10 the importer. The quantity Of goods
in store being at oil times readily known
it would enable the importer with an
approach to accuracy, to ascertain She
actual wants Of the market, and 10 reg
uIa!e himself accordingly. II, however,
he should fail into error by importing
an excess above tho public wants, he
would correct its evils by awaiting him,
self Of the benefits and advantages Of
the system thus established, In the
storehouse the goods imported would a
wait the demands Of the market, and
their issues would be governed by the
fixed principles Of demand and supply.
Thus an approximation would DO made
to a steadlness and uniformity Of price,
which, if att6inable, would conduce 10
the decided advantage of mercantile and
mechanical operations.
The apprehension may be we'll enter
tained that without something TO ameIi
crate the rigor Of cash payments, the
entire import trado may Iall INFO the
hands Of a few wealthy capitalists 10
this country and in Europe. The small
importer, who requires oil the money he
can raise for investments abroad, and
who can but i'll afford to pay the lowest
duty, would have TO subduct in advance
a portion Of his funds 10 order to pay
the duties, and would lose the interest
upon the amount thus paid for ali the
lime the goods might remain unsold,
which might absorb his profits. The
rich capitalist abroad as we'll as at home
would thus possess, after a short time,
an almost exclusive monopoly Of the
import trOds, and laws designed for the
benefit Of all, would thus operate for
the benefit Of the few-a result wholly
incongenlaI with the spirit Of our insli.
l%ulions, and ntirepublicNn in all liz
tendencies The Warehousing system
would enable the importer to watch the
market, and TO select his " time for
o%fferiug his goods for sale. A Profla
bic portion Of the carrying trade in ar
ticles entered for the drawback, must
also be most seriously affected, without
the adoption OF some expedlent TO relieve
the cash system, Tho WNrehOusing
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