Sentinel of the valley. [volume] (Woodstock, Va) 1841-1848, 1842-12-08

abroad, as well as at nome, would thuS
possess, after a short time, an almost ex-
elusive monopoly Of the import trade,
and laws designed for the,benefit of all,
would thus operate for the benefit of the
tew.-a result wholly urcongenial with
the spirit O. our institutions, and anti-re-
publican in all its tendencies. The
Warehousing System would enable the
importer to watch the market, and to Sc,
lect his own time for Offering his goods
for sale. A profitable portion of the
carrying trade in articlse entered for the
benefit of drawback, mast also be mnst
seriously affected, without the adoption
Of some exped,ent to relieve the cash sys
tenn. The tYarehousing System would
afford that relief, since the carrier would
have a safe recourse to the public store
houses, and might, without advancing the
duty, re-ship within some reasonable pc
riod to foreign ports. A further effect
o. the measure would be to supersede
tie system of drawbacks, thereby etfec-
,uaiiy protecting the Government against
fraud. as the right of debenture would
not attach to goods alter their withdraw
az ii VtlA tlC FaUitC otoi CO.
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, unon several occasions, | have
heretofore felt it to be M duty to offer
to Congress. The great primary and
controlling interest ct the American peO-
M % &c N Of y,t 10 m the q
forms Of Recommendations which may
be broken-but union founded iii an at
tachneEt of States and individuals FOR
each other. This Union in sentiment and
feeling can only be preserved by the ad-
! option OF that course OF policy which, nel-
| Their giving exclusive benefits to some.nor
imposing unnecessary burdens upon 9TH
ers, Shall consult the interests of all, by
pursuing course of moderation, and
( thereby seeking to harmonize public OPT
Mon, and causing the people everywhere
to feel and to know that the Government
is careful of the interests of all alike
Nor is there any subject in regard to
which moderation, connected with wise
discrimination, is more necessary than In
the imposition Of duties on imports.
Whether reference be had to revenue
the primary object in the imposition OF
taxes---or TO the incidents which neces-
sariIy flow from their imposition, this is
entirely true. Extrayagant duties defeat
their object, not only by exciting in
the public mind an hostility to the manu.
featuring interests, but by inducing a
system otsmu ggIing On all extensive scale,
and the practice Of every manner OF fraud
upon the revenue, which the utmost vigi-
lance of Government cannot effectually
suppress. An opposite course Of policy
would be attended by results essentially
different, of which every interest Of socie-
4 ty-and none more than those of the ma
would reap important advan-
tages. Among the most striking OF its
benefits would be that derived from the
general acquiescence Of the country in its
support, and the consequent permanency
and stability which would be given to all
the operations of industry. 1t cannot be
too often repeated, that no system of
legislation can be wise, which is t1uctua-
ling aud uncertain. Nc interest can thrive
under it. The prudent capitalist will
never adventure his capital in mahulac-
turing establishments, or in any other
leading pursuit of LIE, if there exists a
state vi uncertainty as 10 whether the
Government will repeal tomorrow what
it has enacted to-day. Eiliul profits,
however high, if threatened with ruin
Gus reduction by vacllating policy on
the part C. Government, will scarcely
tempt him to trust the money which he
has acquired by lie of labor upon an
uncertain adventure. |, therefore. in the
spirit of Cancellation, and influenced by
no other desire than to rescue the great
Interests Of the country from the, vortex
of political contention, and in the dis
charge Of the nigh and solemn duties of
the place which Il now occupy, recon-
mend moderate duties, imposed with a
wise discrimination as to their several OBJ
jects, as being nc: ony most likely to
be duraLle, but most advantageous to eV-
cry interest of society.
The report Of the Secretary Of the War
Department exhibits very full and salts
factory account Of the various ADD inn
pCitdiil iutCE6StS, COUlsA!tt6u 10 tue Cid{SC
of that officer. Iii particularly gratlty-
! ing to.End that the expenditures for the
military servlce.are greatly reduced in a.
mount; that strict system of economy
has been.introIuced into the service, and
therabases Of past years greatly REFORM
ed. The Notifications on our maritime
frontier have been prosecuted with much
yisor, and at many points our defences
are in very considerable state of for
wardness. The suggestions in reference
TO the establishment Of means OF com
nunication with our territories on the
Pacific, and to the surveys so essential
TO know Wedge oftthe resources OF the
intermediate country, are entitled TO
the most favorable consideration. While
| would propose nothing inconsistent
with friendly negotiations to settle the
extent of our claims in that region, vet
prudent forecast points out the necessity
Of such measures as may enable JUS to