The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1843-01-02
eoMMUNIcA
THE WAREHOUSING SYSTEM.

THE WAREHOUSlNG Sf STEM
The recommendation, by the President, in
his late Message, of system for lodging i'm
ported articles in public warehouses, at rea-
sonable rent, without payment OF The duties on
importation, Till they be Withdrawn for home
consumption, has received the unqualified APP
probation of,hc large body of importers through
out the country. In no one instance has the
voice OF party been raised against il. This is
more remarkable from the fact, that during the
whole term OF the present Administration both
the, w higs and ultra Democrats have mercilessly
assailed every act and recommendation OF Pre-
sident Tyler's; apparently determining, in their
secret councils. to PREJUDICE and condemn each
piece of policy that he might approve, whether
IN cons onancs with their avowed principles or
otherwise. Placed in this dilemma Mr. Tyler
has had to steer his way between Scylla and
Charybdis, and nought but his unwavering
hand and clear head has enabled him TO stem
TWO such opposite and powerful currents. With
such opposition, lie has been fortunate in the
extreme, IN having recommended system so
fraught with good 10 all classes of our citizens
and so little liable TO those objections which
have been urged against our present and past
custom house regulations. The difficulties that
our importing merchants have iabored under,
are manifold under the old system of giving
bonds for duties payable at three and six months,
neither the Government nor importer derived
the benefits anticipated, for the one was liable
to loss from the non -payment OF The bonds, (and
which was Of frequent occurrence,) while the
TO withdraw from his means large
amounts for duties, long before he had been able
to sell his goods, and receive the returns from
them, consequently both parties were sufferers.
Nor has this been obviated under the existing
regulations. The importer OF limited capital
has frequently been reduced 10 the ruinous ne
cessity of either selling his goods Immediately
on their arrival, when the market was already
glulted or has been compelled TO re ship them
to whence they came. The result has been a
in the revenue derivcable from Gus
toms, and, in many instances, bankruptcy TO the
importers. The evil has not ceased here-ior
the obvious tendency Of the system has been TO
discourage the carrying trade-prevenling, in a.
great degree, this country from becoming a
depot for foreign articles, by hindering the i'm
of such goods as were not Immediately
required for home consumption, and thereby
tending to lessen the resort of foreigners 10 our
markets and rendering il difficult for them to
complete an assorted cargo. These are some
of the evils that we have been laboring under.
The system now recommended is devoid of
most, if not all of these objections. 1t has been
in operation in Great Britain since 1903, and
has been found TO work well, and although not
perfect, yet it is believed that ii will secure 10
the whole country greater amount Of good,
than any other that has ever been IN use In
its operation it is simple, and peculiarly adapted
TO large majority of our merchants, who are
possessed Of small means. The present sys-
TEN admirably suits "a few rich merchants"
whose only object is to monopolIze the impor-
talion of those articles which pay heavy duties
Not so is it with the warehousing system. A
man of small capital can import as successfully
(accordlng TO his means) as the millionaire"
for the articles imported by each OF them are
stored away, until the demand for home con-
sumption is so great as to require them for use
and when this demand arises the market is open
to both, and thus the operation of the law is
purely republican. 1t effectually destroys the
pririieged classes. The benefits Of the sys-
tenn stop not here-lor if there has been too
large an importation in any one port, the owner
enjoys the privilege of removing them to snoth-
or, without payment Of duties at the first port
where they have been entered. This gives a
choice Of all the markets in The United States
the advantages are obvious Again, the i'm
porter is allowed to dispose of his goods, while
they remain in the public stores-lhe new owner
having them transferred to him on the books of
the custom house, and under the English law,
goods are allowed to remain in the warehouses
for three years, without payment of the duties.
This arrangement efiectually prevents a surplus
in the market, and in great degree, the Huctu-
alton Of prices, incident to an overstocked mar
ket. | have thus pointed out some of the adj.
vantages Of the system. 1t is sincerely hoped
that Congress will soon take the subject into
cons Iteration, and enact such laws as will place
our merchants on that footing which they so
Justly deserve. SIvAD.
rive. find the following in the last number
of the Vermont Gazrue the leading Democratic
paper in the s ate
From the Bennington (Jf) Gazette.