The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-02-26

are symptoms In Congress of refusing to create
any Warehousing System; and this, too in the
midst OF the present financial difficulties caused
by the recent Tariff enactments. We hone,
on due consideration of this important subject,
that something may be done before the present
session terminaes-and some light to instruct
action this subject, we beg that our Con-
gressonal readers will take into their earnest
consideration the annexed article ON the sub.
jec Ii is full of facts, which cannot be questioned
The WAREHousNe SYSTEM ASH DurrEs-How
THEY WoRK-The effect of cash duties is to force
our merchants 10 employ the warehouses of Eng
land for the stowage of cargoes of great value and
OF slow sale.
For instance we will say merchant in New
York owns three ships, and that he sends them to
Sumatra and loads them with pepper He purchases
his pepper at cents per ID, and he loads each ship
with cargo OF $4,000 worth of pepper, making
their united cargoes worth $50, 900. Now when
his three ships arrive in New York. before he can
land their cargoes, he must pay the duties them
IN cash. The duty on pepper is cents per ID. or
more than one hundred per cent on first cost He
consequently, before he can place single pound of
pepper in market on shore, must raise on each
cargo $50 600 in cash, or the united sum on all the
cargoes OF $3.50 ,0O0-and pay over to the Gov--n-
ment, greater sum than his whole capital invest
ed In trade To raise so large sum would he i'm
possible for HIM to do, without submittine the
ruin OF his business.
1t is said that it requires from twelve to eighteen
months to dispose Of single cargo of pepper in this
market. Hence, If he could raise the money for
duties, year would intervene before he could
reimburse himself. In this mergency, the merchant
Is forced when he lays in cargo of pepper in TO-
reign port, instead OF sailing for New York, to sail
tor London Liverpool, and discharge his cargo in
an English warehouse for reexportation, and after
wards have 1t sent to the United States in such small
parcels as would meet with prompt demand -
And other portions designed for the supply oil other
markets, and which, under the whole system, would
have gone from New York in American bottoms,
subject to drawback charges will very often be
sent forward to the same markets, in British bot
toms!
The English warehouses offer as great facilities to
foreign vessels TO use them as depots for transhp
ment, as is afforded to the cargoes from English
vessels. And, while all goods re-shipped, under
drawbacks from American ports are saddled with "a
per cent levied on them In favor of the government
ment warehouses, by simply paying the usual stow
age fees. Goods, thus deposited for transhipHent,
prove OF great advantage to the people and govern
the nda eag an ss ne yseods
while the government derives revenue from their
stowage Another advantage to be derived from
the use OF English warehouses by Shippers, arises
from the fact that ell ships outward bound can with
draw all their necessary ship stores from the
houses. free OF all duty.
Iti said as much as 800 chests OF tea are liberated
from government warehouses, each month, for the |
use OF ships, while In the United States ship
can supply herself with stores, without paying the
full amount OF duties to which they are liable
Pepper not the only article that is likely find
Its way into English warehouses from American
bottoms.
Russia cordage, and many other articles, will |
find their way TO these resting places of commerce,
or commercial entrepOts, necessary for assert
ment and distribution to markets demanding them |
for consumption.
Could our government be for one moment divert
ed from President making, and induced to adopt |
liberal warehouslng system, we would not thus see l
trade and commerce driven from our shores, and in |
some instances from our own vessels, and forced |
under the protection and into the interest of that
very nation against whom the late Tariff seemed |
mainly leveed. |
Under proper warehousing regulations, NewYork |
would beyond doubt, become a great entrepot for |
several Of the South American and other markets |
Foreign vessels would discharge cargoes here, for
distribution to various ports the western world
while our government would derive revenue from
their stowage by owning their own warehouses;
which they should do; while carmen, stevedores, |
and great number of other persons, would derive
profitable employment from the handling of the |
goods; and factors would receive their commissions
tor attention to them, IN their transit through the
government depots All this might go on, too, |
without, in the least, affecting any manufacturing
business or interest In the country
The evil OF cash duties does not end here. The
whole tendency is 10 destroy the small class OF i'm
poriers. 10 make the nch, richer-and the poor,
poorer.
II an importer has in his possession Sloo, 900 in |
cash. and sails from New ork ior Europe win the |
intention Of purchasing goods, he must leave in |
New York, deposit, at least $25 900 OF his capt.
tai to pay the cash duties their arrival in the |
United States. Three months, average, may
be allowed for the purchase and delivery of mis- goods
here, and near nine months more must intervene |
before he make sales and collections. In this |
event he ls deprived of S25 900, fourth Of his
capital, tor twelve months, without interest, |
paid TO the government In the way of a kind OF
forced loan And We may say for three months or
more OF the time lays entirely ide-neither bene
ting Oyf hau Cav
be absurd more restrictive on the COM
mercal interests OF the country.
Several OF the above facts were suggested to us, |
by gentleman OF experience, intelligence and re-
specfaby.
is certainly better than the present cash du
ties But, il is in ITSELF full OF detects and will fail
without material modification of proving as benef |
cla as il might be rendered A J.
NIsLo's CONCERTS D'HIvER.-The second of these |
agreeable concerts gwen on Friday, and came
off with the usual eolat. The next, we learn, will
be given tomorrow eveBing, for which additional
vocal aid has been engaged. Mr. Loder and anoth- |
er vocaist, 1t is said, will join Mrs Sutton, Signor
DE Begins and Martini, on the future occasions. |
This will produce great attraction, and must In
crease the houses
ADAM Brown, TIE MERCHANT, Is the title of |
new novel; just issued by the Harpers. Itis sufi.
Client 10 say that the author is Horace Smith, ESQ., |
10 ensure il an extensive reading. |
BLAcKwooD's MAGAZINE FOR FEBRUARY is a rich
number-t contains several valuable and interest
ing articles The above can be obtained at this
office.
a.. .l ID