Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1842-05-17

'' me "~' "i ih" Government, paying hc ini,or.
Ter i'r ihc >ltEr al ,hs Vaiuc ri,rfi.. ir, the IN.
N"'c, "r'ihcr vain dn advance uit,u per cent
hrlr"u sud thr avrEI.c OF r,,,i, a., "a tr,,. an The
iuup .r'rl,pu IT ro,!s.
4 up.Vsgi lud indeed "A fiu I,fu....r,l ,,,,..l.r,
lun Nu'h trc""r''ri "a large poritou urtac e. luniry
Doc ltr 'uiu|uIuis' act. was ia. Ha.nr ,aIutt,,n
which 1t p.uul,.d This cu.isfd.r,r,,,, layiu, fail
e. 'i p""'s are az liberty &, PROJECT such ucw
''"'"' l'' me uJn'Iihrui ct duties import, 49,
TIE v"nlm 20 ir'cr,Si mIy dcnlmi but Iu atcrulr
uhs s"rh "'JusInCn' the sy.rit 81 courcs.iln AMI
iDsyvarucc, which shoull ella n .rIz. every tue,.
-lrr herring extensively upon vaiouS and sometimes
'"''' '"S interests or ~ 'akiuc perhaps Niih NOR
W''Hr'y, in tti' ~ taucv of conflicting opinions
ought ' Ice Observed Ia this res ,.ci and Ihi- on
N'"h vac great principles which cnfCrcl into the
co n,'oni>" at to : siaI'ially carried out
i"c system pi casa duJies. nlulpn :b a m .trrial
condition u Ihr arrange nput of a. ,.,p Am n 49,.
hIs' "'N stand upon ats owl Intrinsic IN ,riis Ia
"'r view al'iic a Is recommended To- G. .uarpss-
ih' a''Ii'"n ol ha custom house, credits is q mc,.
-nr' sustained Toy reasons wh ca appear o. the d
o" lneW - hc conclusive. Ia order - appreciate
iIc 'dvii'i1ers "f ctsh system u nav De we'll e,
PROMISE that ono half OF all the import, from Eu-
rppc. aud considerable portion OF those from her
cfuirtrs, nrr "h broigu acc,,uut Ia s,mc bra
c'cS 81 ho iuip'u business (,Ilhs. Tor iust,nre)
m rae tu merchants have given place almost czlir
/ "a. o. iorc.snr - The causes which have induced
'hi' sale "l lbH'sS ara varIpu,, aud may not d..
~IIrily "psrIi.yc. II u believed, however, thai
am'ug these causes. oar crruit system may nur
have been without sJuc influence Ht v,iyiuy
H d>cussi' % ui thI- punt present the fac, thai
IS" nrg" auampIn, OF the import business - un,y 10,
iurrisn hands unJ that the advantage If my Of
UHc 'rcJH system uccrue an great measure 10
lhcm, Is consideration MT 10 he d.sr-g,rdrd-
AH"lher consideration Of great weight In tins mat
ter Is th' circumstance that the fluctuations and re-
vulsl'us 50 irrquc Ny experienced IN our great
m1i'S at iurcrsu cummcsC', the sn.c,s OF which
have been 1s often fell uIiu shuul the whole c,uu-
try, ARE To be Isc-ibed somc extent e. the Gcll,
tics "it'Tded by our system of custom house cred
MS They arc hr all practical purposes uln OF
money 10 the nmltut of the duties 10y tho Govern.
meni. b the importing merchant The credit itself
Incomes capital IA Iride aad serves 10 stmu latc
and progressively enlarge that por "a Of the mlorr
business which rests wholly on a Gctiiiups lie
IL my %. tn, That meu Of SIN ~ CAP ,, " with
ont nav capital q all, wIGl b. bcuei ted b. ubtiI
mns credit from the Government; but il r. not true
that the cam % this extraordinary inLui cnre II
ueN 81 al al. attaches solely To the nerican mcr-
chant. and belongs ia no way To- E,rci.u,,rs I, i
moreover, wnrlhs 81 rem rk, that iu 20 mi con a.
ton ui The iride when foreign supplies nrc really
caiicl for b. ha wants # The country The mean.
OF paying are cusured ny the prospect of read,
market or may bc obtained upon the credit and les
p'n,uiiiY Of nc importer, ia the community where
. "a
sp'",'hIiy nIurns las ueiehbprs. there appears no
very good reason why nc should be trusted hy IN,
Government. The security which he oilers IN The.
one case, wOulL bl equally aIIaiiiablo IN the o.
iher.
TIE system pfcredils, established in the infi,c,
Of oal commerce, wIsI hare was bIt utlc cI,ila.
IA the cDIu'ry anl the lngIrI busucs, WIS on f,,i
nag totally diH rent irpn what u,y i, IN gnt h,v,
bern pr iirivs Of real udyania &c. BII ia. st ,t.
oi thnss Which attended as cstrbi,hm,,t n l,nr,r
continues CIpIl Is su neatly a. tu llii Tor sun.
pvrus ihc cpIitry ". IA iIr'igl pr, lucls "a IN Ici
IT IA ira le isei has bssH shifted irJ American a.
iUrr'gl hands
Au'ns ths direct alvn'1ge- expected 10 arise
from the ct,h system - . ten lcu,y @, check over
trailing and 10 rcsau inipJrla 10 : vi hiu limits IN
c'eI Oy tho wIss Oi tIc cOuuisy auI The pr1rI5l.
amount ui ~ cNclans able >urp "a. 10 ne IDS ~
Inbu5td argument OF rCscaTCh L. prove ih,t
the present om a'as-uinu J IN ali our lie a neui, O.
Labor and en- crpIse have n sea very I.uch r III,
o'tTfi Il"s nor does % rel e. IN ch discussion To-
shpy mat the sprii at Jyeuridrlg auI reckless nal
venture Ia been favored b. the syslcm Of clslIln
house credits
AuIghcr lIyntlgs ol The cash system n, les, On.
vioIs Is ic 10 iuciion OF eypeuS - i,riIoni 10 f
collection at the regcuuc The number of rI.t,,n
'l>o bonds Outstanding and uupii Is very greir.
a. hi AIN un' Of M oy list ,hrbIgt tho bIaGri d.
cy oi IN priefs lul Iher sIreIIes ,nuN u.nollt I.
That such loses wog.l cease 10 occdr her lliicr -
AID 10 this the expenses Of htgI which IN many
eases are enormous.
Connected with the sihJect OF cash duties is thai
OF The wlrchJusug system 10 iich the attention oi
The Department has beeB auyIo isly directed The
Constitution Oilhe United States, article sectiDn
3, declares That no preferences shall be given. by
any regulation OF ncrcc or revenue, 10 the o,rt.
II one state over those OF another"
10 j. malIie,t TINT under Tins resir1ipt n ,y,,ab
sing system. 4 established, must be universtI r.,
glrdeI IA ihis light, thu POLICY Of tie me isure "a.
The eX 'ense alien ling ~ practical operation are
matters oi gave im loFlnce, nnl require In,re con
sIdefa'i1n Than u has been va the power Of the Dc
arlmcut % .bcsOy upon them The "a ,lscl is tbcrc
ioro left 10 the judgement Of Congress.
Sumo m0liGcal ions are proposed Of the laws reg.
ula'ing The drawback Of duties. Tho time whn
which gOpis can be exported Tor the benefit of
dmwbick Is found by experience 10 be unneccs,ar,
" long The bill proposes one year rs ~ the ear.
Ter laws. u proposes, also. 10 reclaim Is formerly
Tor The use Of Government, and 10 rum5ursa erpcn
ses incurred two aud half per cent of all drawbacks
OF duties ON goods imported Oiher than foreign ref
ned sugar IN respect 10 which it has been thought
necessary Ia retain ten per cent Of The drawback In
order To prevent or check the interference ,ybirl
would Otherwise take place with our commercial a.
manufacturing interest The drawback on sug,,
refined and spirits distilled from mplsss,s ~ the L.
""eu S.1lcs'hat also boen IN Ddicd necorlng to the
rates u duly
Tho ogncii'n which is understood 10 have been
urged against this system Is. that II cannot lie =,
guarded BY legal provisions 20 secure the revenue
'sH"" irhuds Inc answer has been, that the OK.
oi 'ha fcEenue % irauis' under the operation
"l Ihe scheme reiorrei TO- would De no greater Than
'nAi winch attends The allowance uf drawbacks ND.
on i's m11nhciaro Of refined sugar aud distilled
spHts. JPIn his subject however the Department
housA inclined o. favor the idea Is not PREPARED to
sanmli my eclic plan. but leaves Il 10 bc disposod
OF as The VISION Of Congress may direct.
a u Of winch is respectfully submitted.
WALTER FORWARD.
Secretary Of ne Freasury
Hon John White
Speaker 9fhc HsHseof Representatives..