Bloomington herald. [volume] (Bloomington, I. T. [Iowa]) 1840-1849, 1842-12-23

ing an access above the public wants, he could
readily correct its evils by availing himself Of
the benefits and advantages Of the system thus
established. In the storehouse the goods inn
ported would await the demands Of the mar
ket, and their issues would be governed by
the fixed principles Of dempnd and supply
Thus an approximation would be made to a
s.eadiness and uniformity Of price. which. if
attainable. would conduce to the decided adj
vantage of mercantile and mechanical opera
tons.
The apprehension may be well entertained
that without something to ameliorate the rigor
OF cash payments, the entire import trade may
fall into the hands Of few wealthy capital
lists in this country and in Europe. The small
importer, who requires all the money he can
raise for investments abroad, and who can but
i'll afford to pay the lowest duties, and would
lose the interest upon the amount thus paid for
all the time the goods might remain unsold,
which might absorb his profits. The rich cap
italst abroad, as well as at home. would thus
possess, after short time, an almost exclu-
sve monopoly Of the import trade. and laws
designed for the benefit of all, would thus OPP
crate for the benefit Of the few; result Who'll
ly uncongenial with the spirit Of our ins,u-
tons, and anti-repub|ican in all its tendencies.
The Warehousing System would enable the
importer TO watch the market, and to select
his own time for offering his goods for sa!e.-
A profitable portion of the carrying trade in
articles entered for the benefit Of backs,
must also be most seriously affected, without
the adoption Of some expedient to relieve the
cash system. The Warehouse System would
afford that relief, since the carrier would have
a safe recourse to the public storehouses, and
might, without advancing the duty, re-ship
within some reasonable period to foreign ports.
A further effect of the measure would be to
supercede the system of drawbacks, thereby
effectually protecting the Government agains.
fraud, as the right of debenture would not at
tach TO goods after their withdrawal from the
public stores.
In revising the existing tariff CT duties,
should you deem it proper to do SO at your
present session, can only repeat the sugyes-
,ions and recommendations which, upon sew
my duty to offer to Congress. The great, pri-
mary and controlling interest of the American
people is union-union not only in the mere
forms Of government, forms which may be
broken-but union founded in an attachment
of States and individuals for each other. This
union in sentiment and feeling can only be pre-
cy which, neither giving exclusive benefits to
some, nor imposing unnecessary burdens upon
others, shall consult the intereats Of all, by
pursuing course Of moderation, and thereby
seeking 20 harmonic public opinion, and caus-
ing the people every where to feel and know
that the Government is careful Of the interests
Of all alike. Nor is there any subject in re-
gard TO which moderation, connected with
wise discrimination is more necessary, than in
the imposition Of duties on imports. Wheth-
er reference be had to revenue, the primary
object in the imposition Of taxes, or to the IN
cidents which necessarily flow from their inn
position. this is entirely true. Exlravagant
duties defeat their end and object, no, only by
exciting in the public mind an hostility to the
interests, but by inducing
system Of smuggling on an extensive scale,
and the practice Of every manner of fraud up
On the revenue, which Inc utmost vigilance Of
Government cannot efectually suppress. An
course of policy would be attended
by results essentially different, Of which every
interest of society, and uone more than ;hose
Of the manufacturer, would reap important
advantages. 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. ltcannot be too often repeated, that
no system Of legislation can be wise which is
fuctuating and uncertain. No interest can
thrive under it. The prudent capitalist Will
never adventure his capital in manufacturing
establishments, or in any other leading prr-
suit of life if there exists state OF uncertain
ty as to whether the Government Will repeal
tomorrow what it has enacted to-day. Fitful
profits, however high, if threatened with ru-
inous reduction by vacillating policy on the
part of Government, will: scarcely tempt him
to trust the money which he has acquired by
life of labor, upon the uncertain adventure
|. therefore, in the spirit Of concllatlon, and
influenced by no other desire than to rescue the
great interests of the country from the vortex
Of political contention, and in the discharge
of the high and solumn duties OF the place
which ! now occupy, recommend mooera'e
duties, imposed with wise discrimination as
tc their several objects, as being not only
most likely to be durable, but most adVanta-
geous to every interest of society. 49,
The Report of the Secretary of the war
Department exhibits very full and satIsfacto-
factory account of the various and important
interests Of committed to the charge OF that
officer. It is particularly gratifying to IND
that the expenditures for the military service
are greatly reduced in amount-that strlc,
system of economy has been introduced into
the service, and the abuses Of the past years
greatly reformed. The Notifications on our
maritime frontier have been prosecuted with
much vicor, and at many points our de!ences
are in a very considerable state of forward
ness. The suggestions in reference to the
establishment Of means Of communication
with our territories on The Pacific, and to the
surveys so essential 10 a knowledge OF the re-
sources of the intermediate country, are emil
tied TO the most favorable consideration
While would propose nothing lnconsls s.en.
with friendly negotiations to settle the cx,e".