The Illinois free trader and LaSalle County commercial advertiser. [volume] (Ottawa, Ill.) 1841-1843, 1842-12-23

Dement'S anu advantages oi Inc system mus
established. In the storehouses the goods
imported would await the demands of the
market, and their issues would be govern
ed by the fixed principles of demand and
supply. Thus an approximation would
be made to a steadiness and uniformity of
price, which, If atianable, would conduce
to the decided advantage of mercantile and
mechanical operations.
The apprehension may be well enter
tanned that without something to amelio-
rate the rigor of cash payments, the entire
import trade may fall into the hands Of
few wealthy capitalists in this country and
in Europe. The small importer, who re-
quires all the money he can RAISE for III
vestments abroad, and who can but i'll al
ford 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 all the time the goods might remain
unsold, which might absorb his profits.
The rich capitalist abroad, as well as at
home, would thus possess, after short
time, an almost exclusive monopoly of
the import trade, and laws designed for
the benefit of all, would thus operate for
the benefit Of the few, result wholly I'M
congenial with the spirit Of our Institutions,
and anti-republican in all lis tendencies.
The warehousing system would enable the
importer TO watch the market, and select
his own time for offering his goods for
sale. A profitable portion Of the carrying
trade in articles entered for the benefit OF
drawback, must also be most seriously az
(ectcd, without the adoption of some ex-
pedienl to relieve the cash system, The
warehou5ing system would afford that re-
lief, since the carrier would have safe
recourse to the public storchouses, and
might, without advancing the duty, reship
within some reasonable period, to foreign
ports. A further effect of the measure
would be to supercedc the system OF
drawbacks, thereby eieclually protecting
the government against fraud, as the right
/ of debenlure would not attach to goods at
ter their withdrawal from the public
G stores.
c In revising ,hc existing tariff Of duties
4 should you deem it proper to do SO a
G your present session, can repeat the sug
= gesions and recommendations huch, up
on several occasions, have heretofore
: felt it to be my duty 10 offer to congress
, The great, primary, and controlling inter
+. est orthe American peoples union--uniot
: not only in the mere forms Of government
] forms which may be brohen-but union
5 founded in an attachment Of states and IN
= dividuals for each other. This union IL
sentiment and feeling can only be prcsorg
/ ed by the adoption Of that course of poll
/ cy which, neither giving exclusive benefits
i to some, nor imposing unnecessary bur
: dens upun others, shall consult the int
, rests Of all, by pursuing course of mode
! ration, and thereby seeking to harmonic
1 public opinion, and causing the peoP|'
e every where to feel and to know that TIT
e government is careful Of The INTEREST,"
= Of all alike. Nor is there any subject il
d regard to which moderation, connected
: with a wise discrimination, is more ne
e cessary than in the imposition Of duties O
+ imports. Whether reference be had t
It revenue, the primary object in the impo
d silion Of taxes, or to the incidents whc
d necessarily flow frnm their imposition
It this is entirely true. EXravagant dutio
6 defeat their end and object, not only in c>
n citing in the public mind an hostility
e the manufacturing interests, but by nd,
d cling system of smuggling on all extet
e sive scale, and the practice Of every mar
Z ner of fraud upon the revenue, which tn
C utmost vigilance Of government camC
t. suppress. An opposite course of polio
l. would be attended by results essentially
Re different, Of which every interest of soci
ty, and none more than those of the M
p nufacmrer, would reap important adyani
If ges.-Among the most striking of its be
s. nerts wauld be that derived from the &C
c, neral acquiescence Of the country in Il
y support, and the consequent permauenc
IN and stability which would be given to a
OF the operations of industry. 1t cannot b
II too often repeated tia, no system of il
ie gislation can he wise which is iluctuaiin
III and uncertain. No interest can thrive III
III der it. The prudent capitalist win neve
rs adventure his capital in manufacturing c:
Re adjustments, or in any other leading pul
st suit of life, if there exists state OF uncej
&c tainty as to whether the government Wi
ST roneal to-morroW what IL has enacted 1,