New-York daily tribune., 1843-12-13
EDNEsDAY TlosNISea, DECEmBER 1a, 1s4a.


thirty thousand dollars. Its respectfully submitted whete
should be applied the eef Of sick and disabled seaen
@ aud o. the hospital fund.- Ahoush this amount would no
zens yer IN connection with other provisions heenafte
ugses.sd II 10 great rel Congress from h
fund The advantage Of such an arrangement would be
svoia t- DISTRESSING contingency OF inability meet tn
cases oi suiienS that III. fund exhausted
Considering the under which our navigation
now suffers llol various the undersigned dis
fosed the I.oraton OF the genecsl du
~ but II Is deemed worthy OF consideration whether th
vessels ons the benefits Of expensive light hous
establishment ought not justice 10 contribute TO
len dn,y was efealed at te same time WIZ
son TIE aoundasce revenue then existing That
expenses othe Government duty Of 1 cents rer ton upon
all vessels engaged IN e foreign trade be paid upon each
entry into ports ezcep, that NOT moro than one duty snail
be required for any one month and like dnty annually upon
vessels enSased IN The coass trade aud fisheries would pro-
duce on the present tonnage about hund ed and thirty
doils less than 9re halt Of tie average annual
ense oi the ghhoses The anuueltuy weuId be light
this report By which ts interests Of our navigation ay be
promoted should receive favoabe considerations they will
be more than emunerated for the Of duty pro-
posed
1t is worthy Of consideration whether the might
not be improved and the navigation Of the country augmented
by TIE imposition OF transit duty upon imported chan.
disc Its passage fGm one Of our he doinons Of
the existing law nc drawback whatever allowed such
9 except TO e.n places L, ie southwark westward Of
LOUISIANA Ihe llCltY riforfed by the mpr reTens
Internal comnun'cat and by the arpca ion steam
Tor the RAPID and safe tran mis- OF good from our
ing Of the ports Of the latter by ice ard the late periods
which they open would ordinarily induce preference that
mode OF supply aud al particular seasons would be advan
tageons to our own ciizens as o large portion
Of his Carrying trade bese giving additional empoym.n
TO OFT ships The policy which has in effect prohibited this
trade doubtless from the apprehension that mi sh'
afford oprortunitiss for the Illicit introduction into this
country OF the gooTs tus exported II adcrred
time when the whole am unit OF duties collected mechan
disc with deduction OF one per Cent Was eiundedo It's s
IL subited whether The introduction of the just and
jrdc,ons principle Of retaining much arf e cen age Ct
colonial ports lave not changed great the grou
Of this polcr is not perceived What motive of interest
can existto smugge into this goods which have pad
this transit charge and these duties rather than the meca
disc which Under existing laws may be reexpored 10 Hall
fax, and carried from thence q 1omnons What
hat they may be removed hv adequate guards Among these
only m seTpoatlon mig the penltteh, and theproduc-
ton of official evidence hat the goods had been ecev-
ed and paid duties in the adjacent itish dominions
TO hch they We're reexpocd 1t doubted that
su'h measure would tend greatly the increase Of tor
cy has, 10 great ezteat deprived them.
In the last annual report from this Department the attention
comnuacatoa from Cnsoriouse officers and n,ei-
quir wsther the time during which imported goods are per
not be extended so 10 relieve the importers from the advance
amount eaiz ID by sales Of the goods RE frequency of
The between our shores and those of Great
sated burdens Of these advances upon our own citizens
the goods to be imported from that counry effect
%nds Hl SUI be we'll 10 inquire
TIN mitigation is lot III fact destructive Of that portion of the
lightly, all Possessing large capitals ard able TO com
mand money at much lower rates of interest than own
citizens, British merchants better afford keep large
stocks hard advance the duties upon such they
The same advantages in their favor exist also
respect to chandze mpo ted from the Continent and other
parts o the world In M absence of regular and speedy
muncaons the stocks Of this description must be ordinarily
large and the aT5nce OF duties upon them absorb
tai and cause serious noad upon the profits obusnefs
that the importing tlade chiefly in the
hands ohe of foreign houses independent of other
considerations which will suggest themselves, the conse
quences TO cur navigation to the building OF ships and the
employment Of own ogving TO sub Of otl-
counre the se'ecto Of the means Of conducting CON-
with may be very serious And will not escape
intelligent LEGISLATORS inquire how far it is utrinsicay Just
demand Of class OF citizens the advance to the
CURED from any other class The importers are in fact the
collectors of the duties for the Government and it would
seem that cogn reasons OF public policy should exist to
eopEEs %EE them pa, over before thsy had collected
To es IN M G
that the from would be augmented after the
first year By thP warehgss SYSTEM in consequence Of the
greater facility that would be mportatons, aad Of
fair and increased competition and consequently probable
ports would be prevented and that commercial marine
would be ncreased by rendering this country the enepot for
inclined to reposc great confidence The better opinion would
seem 10 be- that the system OF warhcusng should
pece n1e ach ne ."
asses iron &c Doubtless, the effect would be postpone
crue on the waehoused articles This empoar effect must
be whenever the system shall be adopted and may
Quence would be- as 1nclnated. an augmenatlon OF the
Geyenue il could not well spFen ton SOON ne temporary
extension OF the 2thority TO borrow
The loan OF seven millions which a; been previously men
l83 By that modes of providing for the OF
Treasury then outstanding auhorzed-one by
than Ten The outstanding the passage Of the
act amounted 10 S 5 of which more han eight mil
ha, Of lrl
the ensuing months The hazard Of demand for money be-
created by sud- evusn which might be produced
We had control seemed require amount equal
thirds of our annual shouldno be left
nstfv the belief thar there would be sncb an e,tsodnary
say - meet such demand 1t therefore deemed advisa-
large F 70 debt as Would relieve he Depasnt
any apprehension danger om the residue
invited 10 such course at all ~vens saving considerable
amount OF interest The of things actually existing
contemplated By tie third section Of the referred loan
was accordingly made under the direction OF the President OF
the United states millions OF dollars upon ten
payable emi-annua al the hundred and dol
lars and one every hunde dollars of stock for nearly
the whole small portion having heen taken terms still
favorable The persons whom and the which the
stock was awarded and the an proposals of those
whose offers We're not accepted are given In statement
(lnarked E) accompanying this report.
By the funds thus provided Treasury bearing per
cent interest the amount Of seven millions hare been
deemed There then renamed Of the outstanding $3.50,
3S7 i These also bore of per cent
which considerably above the value money IL seemed
yrv obvious du, the authority given by the first
section OF the Of ter such form
and on suc terms would promote the convenience OF The
le,sury and avoid the dang of fremttag coin
to the public for disbursement and at the time
The greatest of The
ts;u prospect - condition the Treasury which has been
exhibited i'll this report admonished this intepend
emf Of all other consideration Notwithstanding all interest
had ceased H. on than millions OF the outstanding
Treasury sequence the notice given Of the read
ness to redeem the who'll smount set was perceived that
theyw
the people for the OF remittance in the Transaction Of
Soad probably be resued the outstanding should be
re- eerned Others of low denomination without
nominal interest; and thar they would be received with
syity by the public cIeiters if made convertible into coin
on demand.
mined with Of The President of Ike
Denomination OF fifty dol lars with he OF
mill r anuum upon hundred dollars and the
h. IN. ghth ssctnn nf tie nf lg2z h,