Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1842-12-21

IL has Deek adopted. i refer 10 lfe WAR,
h6nsing System. The frs. and most
effect which it would produce
would he 10 protect The market alike
againal redundant or deficient supplies Of
foreign fabrics-both of which, in the long
rum, are injurious as well 10 The manufac-
lurer as the importer. The quantity Of
goods in store being at all times readily
known, it would enable the importer, with
an approach 10 accuracy, to ascertain The
actual wants of The market, and TO rcgu-
late himself accordingly. IT, however.
he should fall into error, hy importing an
excess above the public wants. he could
readily correct its evils by availius himself
OF the benefits aud advantage, Of the sys-
TEN thus established. In The storehousc
the goods imported would await the de-
mauds Of the market, aud their issues
would be governed by the fixed principles
OF demand and supply, Thus an approx
maiion would be made TO a steadipess and
uniformity of price, which, if at,aiuahle.
would conduce 10 The decided advantage
Of mercantile and mechanical operations.
The Warehousing System would ena-
bic the importer 10 watch the market, and
10 select his W time for offering his goods
for sale. A.pro6aable portion OF tho car.
rying srade IN articles entered for the ben.
ct Of drawback, must also be most seri-
ously affected. without the adoption Of
some eSpedientlo relieve the cash system.
The Warehousins System would afford
that relief, since the elraer would have q
safe o M to The public houses, aud
might, without advancing the duty, re-
ship within some reasonable period to for
cign ports. A further efTec, of measur re
would he to supcrcede The system ofdraw-
bacss; thereby effectually protecting The
Government against fraud. as the right of
dcben,urc would uoi attach 10 sonsis after
their withdrawal from the public stores.
In revising the existing tariff Of duties,
should you deem it proper TO do so al the
present session. ! eau only repeat, the sug-
s~estious and recommendations which, upou
several occasions, [ have heretofore felt il
10 be my duly potter to Congress; The
great, primary and controlling interest of
the American people is union-union nm
Gully in the mere FIRMS of governments.
fntnrs which may tc brukcu-but union
founded in an attachment Of States and
individuals fur each other. This union in
sentiment and feeling can only be prescr-
ved by the adoption Of that course of poll
cy which, neither giving exclusive benefits
to some, nor imposing unnecessary bur
Jens upon others, shall consult the inier-
es,s of all, by pursuing q course Of mode
ration, and thereby seeking the people
TO harmonize public opinion. and causing
The people every where to feel and to know
that the government, is careful OF the iu-
tercs,s Of all alike. Nor is there any sub.
jecl in regard TO which moderation, con.
ncc'ed with q wise discrimination, is more
necessary than in the imposition Of duties
on imports.
The report Of the Secretary ofihe War
Department exhibits a very full and salts.
factory account Of the various aud impor.
tant interests committed TO the churcc of
thai, niiicer. II is particularly gratifying
10 ind that the expenditures for the militia
~ service are greatly reduced into tho scr.
vice. and the abuses Of pas, years greatly
reformed.
The reduction in the annual cxpenji.
inres of the Government already accom-
pIishcd, furnishes a sure evidence r!la,
economy in the application Of the public
moneys, is regarded US a paramount duly.
The chief embarrassment which AZ the
motnen; exhibit themselves. have arisen
from over. faction; and The mos difficult
task which remains 10 he accomplished, is
that Of correcting and overcoming lis
effects. Between The years 1928 aud 1888
additions were made to bank capital aud
bank issues. in the form Of mites design
ed for circulation, TO an extent
ly great. The question seemed to be, not
how the best currency could be provided,
but in What name The greatest amour,
of bank paper could he put in circulation.
Thus, a vast amount, Of what was called
muncy-sincc, for the time bc;us, il an.
swer-d the purposes OF moncy-was thrown
up0n The county; an over issue which was
attended, As a necessary consequence. hy
c~xlravasnnl incrcasc Of the prices of all
articles Of properly the spread of a spc-
culn;i,c mania all over tho country. and
has finally cndcd in u general indehncl-
ness On The par, Of States aud individuals,
the pros,ralinn Of public and private crc-
lil. 4 depreciation in The marker vaNc of
real and pcsonnl estate. and has icii large
districts Of country almos, entirely wi,hou,
any circulating medium. In view of the
fact thai, in 1880. the whole bank note
within tho United States
amounted 10 but S6l.323S9S. according
% the Treasury statements, and that ali
addition had been made thereto OF the
sum Of SSa, 00O,0 900 in seven
wears. 1.-THE circulaIion on the first January.
ls:a. being stated at SIf9, 1855, $780, aided
by the grca, facilities afforded in obtaining
loans from European capitalists. who
who were seized with the same specula-
tive mania which prevailed 10 the United
Siatcs-and lhc large importaiions Of
Iuuls from abroad, the result ofstock sales
aud loaps-no one can be surprised al
he apparent, hut unsubsiantiaI slate Of
prosperity which every where prevailed
The land ; while as lille cause Of sur
,rise sho,,ll be fell n the present pros.