Jeffersonian Republican. [volume] (Stroudsburg, Pa.) 1840-1853, 1842-12-14

lion on the frs, Of January next-but that the
amount of outstanding warrants ESTIMATED at
$500, ,000) will leave an actual balance OF about
1924, 0G0 IN the Treasury. Among the expen
ditures of the year, are more than eight mil
lions fur the public debt, and S600OC0 on aC-
count of the distribution to the States of the
proceeds of sales OF the public lands.
The present tariff OF duties was somewhat
hastily and hurriedv passed near the close oS
the late session of Congress. That 1t should
have defects can therefore be surprising to no
one To remedy such defects may be
found to exist in many OF its numerous provis-
ions, will not fail to claim your serious hten-
ton 1t may well merit inquiry, whether the
exaction OF all duties in cash does not cali for
the introduction OF a system which has proved
highly beneficial in countries where it has
been adopted.
refer to thew arehousng System. The first
and most prominent effect which it would pro-
duce would be to protect the market alike
against redundant deficient supplies OF for
eign fabrics, both of which, in the long run,
are injurious as well to the manufacturer as
the importer. Tbs quantity OF goods in store
being at all times readily known, 1t would en-
able the importer. wiki approach to accu-
raCy, to ascertain the actual wants of the mar
ket and to regulate himself at CCordingly. If,
however, he should fall into error, by Import
ing an excess above the public wants. he could
readily correct its evils by availingshimseh of
the benefits and advantages of the system thus
established. In the storehOuse the goods I'M
ported would await the demands Of the mar
ket, and their issues would be governed by the
fixed principles of demand and supply. Thus
ain approximation would be made TO steadl
ness and uniformity Of price, which, II attaina-
bic, would conduCe to the decided advantage
oil mercantile and mechanical operations.
The apprehension may be well entertained,
that without something to ameliorate the RI
gor of cash payments, the entire import trade
may fall into the hands Of few wealthy cap
italists 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 duty, would
have to subduct in advance a portion OF his
funds in order to pay the duties, and would
lose the interest upon the amount thus paid for
ali the time the goods might remain unsold,
which might absorb his profits. The rich
capitalist abroad, as we'll as at home, would
thus possess, after short time, an almost cX-
elusive monopoly of the import trade, and
laws designed for the benefit of all, would
thus operate for the benefit OF the few,-a re-
suit wholly uucongeual with the spirit Of our
Institutions, and anti-republican IN all its ten>
denotes. The Wharehousing system would
enable the importer TO watch the market, and
sale. A profitable portion Of the carrying
trade in articles entered for the benefit Of
drawback, must also be most seriously aheC-
ted, without the adoption of some eXpedient to
relieve the cash system. The Warehousing
system would afford that reliet, since the car
rer would have 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 meas
ure would be to supersede the system OF draw
backs, thereby effeCtually protecting the Gov
ernmeut against fraud, as the right of deben-
ture would not attach to goods after their with
drawaI from the public stores.
Inrevising 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 occa~
sons, have heretofore felt it TO be ny duty
TO offer to Congress. The great, primary and
cont oling interest of the American People is
union-uuion not only in the mere forms OF
government, forms which may be broken-but
union foun led in an attachment OF States and
individuals for each other. his union IN SEN
timent and feeling only be preserved by
the adoption of thai course OF policy winch,
neither giving exclusive benefits to some, nor
imposing unnecessary burdens upon others,
shall consult the interests of all, by pursuing
a course of moderation. and thereby seeking to
harmonize public opinion, and causing the
people every where 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 oh
ect in the imposition of taxes, or TO the lnci>
dents which necessarily flow from their lm-
position, this is entirely true. Extravasant
duties defeat their end and object, not only by
exciting in the public mind an hostility to the
manufacturing interests, but by inducing
system of smuggling on an extensive scale,
and the practice Of every manner OF fraud up
on the revenue, which the utmost vigilance of
Government cannot effectualy suppress.
An opposite course Of policy would be at
tended by results essentially different, of
which every interest Of society, and none more
than those of the manufacturer, would reap
important advantages. Among the most
striking of its Benefits would be that derived
from the general acquaintance of the country
in its support, and the consequent permanen-
cy and stability which would be given TO all
the operations of industry. 1t cannot be too
often repeated, that no system OF legislation
ran he wise n hi,.h is fuctuatng and unCer-