The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1842-12-15


to prOtsc, the market alike against redundant
or defc eut supplies OF foIeIgn fabIics>-bI 9TH Of
which in the long run are injurious ss we'll
10 the manufacturer as the importer. The
quantity of goods in store being at all times
readily known II " ouId enable The importer
with an approach 10 accuracy to ascertain the
actual wants Of the market and 10 regulate
himself accordingly. lfhowevsr he should
fall in error by impor,aiNg an excess above
the public wants he could readily correct its
evils by avallng hlmsefo Of the benefits and
advantages Of the system thus established, -
10 the store hOus, rhs goods imported would
ava I the demands Of the market and their is
sues wuu await the demands Of the market
and their issues would be governedby the fix.
ed principles Of demand and supply. Thus
an approximation would be made to steadi-
ness and uniformity of price, which if altaina.
bic, would conduce to the decided advantage
Of mercantile anc mechanical operations.
The apprehension may be well entertained
that without something 10 ameliome the rigor
Of cash payments the entire import trade may
fall into the hands of a few wealthy capitalists
in this country, and in Europe The small
importer, who requires all the money he can
raise for investment abroad would have to
subduct in advance portion oChis funds in
order 70 pay the duties, and would lose The in
terests upon the aalounlthus paid for all the
time the goods might treman unsold, which
might absorb bis pfo6ts. The rich capitalist
abroad as well as al home, would thus possess
a(er short time an exclusive monopoly of
the import trade and laws des gned for the
benefit Of all. would thus operate for the bene-
fiji OF the few-a result wholly uncongenial
with the spirit Of our institutions and anti>re-
publicen in all its tendencies The Ware.
housing System would enable the importer TO
watch The market, and to select his own time
for Offering his goods for SALE A profitable
portion Of the carrying trade In articles enter
ed for the benefit of drawback, must also be
most seriously affected without The adoption
of some exped!ent 10 relieve the cash system.
The Warehousng system would afford that
relief, since The carrier would have a safe re.
course to The public storehouses and might
without advancing the duty reshp within some
reasonable period to foreign porte. A further
effect of ;he measure would be 10 supersede
the system of drawbacks, thereby effectually
protecting the Government sgainst fraud, as
The rlgh, of debenture would not attach 10
goods after their withdrawal from the public
store.
In revising the existing The tariff Of duties
should you deem it proper TO do 'at your
presen, session, | can only repeat tho sugges-
tion and recommendations which upon sever.
aloccaslOns, have'h erelolore fell il 10 be
my duty 10 offer 10 Congress- The great pi-
mary and controlling interest Of the American
People is union-union no! only in the mere
forms of government forms which may be bro
ken-but union founded in attachment Of State
and the individuals for each other. This u
MON in'sentment and feeling can only be pre-
served by the adoption Of that course of pol.
icy which, neither.gwiBg exclusive benefits 10
some, nor imposing unnecessary burdens up
on the others, shall consult The interests of all
by pursuing course Of moderation and there
by seeking 10 harmonize public opinion. and
causing the People every whore 10 feel and to
know that the Government is careful of
the interests ofall alike. Morris there any
ubiect in regard 10 which moderation. con-
nectsd with a wise determination is more me-
cessary than in tho imposition ofduties on i'm
ports. Whether reference be had 10 revenue
the primary object in the imposition of taxes
to the incidents which necessarily flow
from their imposition this is entirely true.-
Exlravagant duties defeat their end and OBJ
ject not only by exciting in The public mind an
hostility 10 The manufacturing interests but BY
inducing system Of smuggling on an exen.
slve scale and The practice ofevery manner of
fra1d upon the revenue, which the Utmost Wig.
lance Of government; cannol efecluaily eup-
press.
An opposite couree Of policy would be al
tended by reseults essentially different, Of
which every interest Of society and none more
than those Of The manufacturer, would reap
important advantages. Among the most slri-
king of lis advantages would be that derived
from the general acquescence Of the country
in lis support, and the consequent permanent
cy and stability which would be given 10 a | The
operations Of industry. 1t cannot be too off.
Ell repeated that no system of legislation can
be wise which is Auctuaing and uncertain. -
No interest can thrive under it, The prudent
capitalist will never adventure his capan the
maIufacturln g establishments or in any other
leading pursuit of life if there exists state of
uncertainty as to whether the Government will
repeal Tomorrow what it has enacted to day.
FfuI Profa, however high, if threatened
with a ruInous reduction by vacang polls
cy on the part Of Government, will scarcely
tempt him TO trust the money which he has
| arnnirad hv a life nf luhor nnoD tho upcnvta N