Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1845-12-10

high tariff at iS2S the value of double goods
re-cNporicd was S9i .796. 2ll and for the five
years succeeding that tariff $66, 1Si .lg2-
slowing "a loss OF S2S .020.i9 of our trade i'm
foreign exports after the tariff of ISIS. The
great dininution OF this most valuable brauch
oi commerce has been the combined result of
cash duties and oi the high tarin of 1912. II
The cash duties are retained, as il is believed
they should be. the only sure method of rcstor-
inS this trade is the adoption of the warchous-
ing system by which the foreign imports may
he kept in store by the government until they
are required for rc-cxpor;alion abroad, or con
Sumption al hoinc--in which latter contingent
cy, ami at the time when for that purpose they
arc taken ont ot these stores Tor Consi,mptiou
the duties arc paid. and il re-cxportcd. they
pay no duty, but only the expenses ol storage
Under the present system, the me rChant intro
duccs Ign imports ot the value oil 81 90 900.
He must nov, besides the advance Tor the goods
MAKE further advance in cash, i'm many cases.
OF $4,000 Tor the duties. Under such asys-
TEN, but a small amount of goods will be inn
ported lar draw bucks; and the higher the duty.
tie larger must be the advance, and the small
CT the imports ior rc-exporaiion.
The imports before payment OF duties, un-
der The some regulation now applied To our
imports in transit to Canada. may be taken
from warehouse 10 warhouse-irom the East
Ia the lakes. and TO Pittsburgh, Cincinnati,
and uis,ille-ircm New Orleans to Natchrz,
NiCksburgh Memphis and ST. Louisiana
warvhousSd IN these and other interior ports
the duties remaining unpaid until the goods
aIc taken out OF the warehouse and out of the
original package. at such ports, for consump
ton; thus carrying our foreign commerce into
the terror. with all the advantages of augment
ct business and cheaper supplies throughout
The country. 1t will introduce into our large
ports on or near the seaboard assorted oargocs
oi goods, to be rc-exporicd with our own. to
supply the markets of the world twill
cheaper prices 10 the consumer, by deducting
the interest and profit that are now charged
upon the advance of duty-building up The
naris ot our own commerce, and giving profit
able employment 10 our own commercial
marine. 1t will greatly increase our revenue,
by auSmcntng our imports, together with our
exports; and Is respectfully recommended to
Congress, as an important part of the whole
system now proposed Tor their consideration.
The act OF The 81 OF March last, allowing a
drawback on foreign imports exported from
certain ports 10 Canada, and also 10 Santa Fe
and chihuahua, in Mexico, has gone, to some
extent, INTO effect, under regulations prcscrib-
Ell Ivy this department, and is beginning to pro
duce The most happy results--especially in AN
augmented trade in the supply of foreign OK
ports 10 Canada from our own ports Indeed
this law must soon give 10 us the whole of
tils valuable trade during the long period
when the ST. Lawrence is closed by ice, and
u large proportion oi il at all seasons The
rcsul, would be sill more beneficial, if Cana
da were allowed 10 carry all her exports to
foreign nations in transitu through our own
railroads, rivers, and canals, to be- shipped
from our own ports Such system, whilst
itwould secure tn Us this valuable trade, would
greatly enlarge the business ON our rivers, lakes
railroads, and canals, as well as augment our
commerce; and would soon lead to the purchase
by Canada, not only of our foreign exports but
also, IN many cases, of our domestic products
and fabrics, 10 complete an assortment. In
TINS manner, oar commercial relations with
canada would become more intimate and more
oil her trade, every year, would be secured to
our people.
CONNECTED with this department, and tho
finances, IL the question of the sales OF the
public lands. The proceeds of these sales, it
Is believed, should continue to constitute
portion OF the revenue, diminishing to that
extent the amount required 10 be raised by the
tariif The nett roceeds of these sales paid
into the treasury during the last fiscal wear, was
S2,077 ,C22 30, and from the first sales i'm l7S7
up TO the Both of September last, was Sis
6U1 ,33o 81. The average annual sales have
been much less than two millions Of acres vet
tl,e aggregate nett proceeds Of the sales in 1851.
1880, 1886, and 1897, was SOL PCS, 6l7 So
Those large sales were almost exclusively for
speculation; and this can only be obviated, at
all times, by combining the sales to settlers and
Cuitlvators IN limited quantities. sufficient for
iarms or plantations The price at which the
public lands should be sold is an important
question TO the whole country, but especially
10 the people OF the new States, living mostly
remote from The seaboard, and who have scar.
cely icit the presence of the government i'm
local expenditures, but chiefly in the exhaus-
lion oil their means for purchases of public
lands ann Tor custmos. The public lands
are not oil the same value; yet they are
all fixed at one unvary ing price, which is far
above the value OF large portion of these
lands. The quantity now subject TO entry at
the minimum price of 81 % per acre is 3d.
3O1 ,l57 acres, and 100 OBS, 3I5, i'm adit ton TO
which the Indian title has been extinpuisbed
being an aggregate OF 2i2 ,34l SOP acres, and
requiring century and quarter to complete
the sales at the rate they have progressed here
toiorc-without including any OF the unsold
lands OF Texas or Oregon or OF the vast region
besides TO which the Indian title is not vet ex-
tngulshcd. IL is clear then, that there is a
vast and annually increasing surplus of public
lands, very little OF which will be sold within
any reasonable period at the present price, and
i'll regard to which the public interest would
be promoted, and the revenue augmented, by
reducing the price.
The Secretary of the Treasury, on coming
into, Office, found the revenues deposited with
banks. The law establishing the independent
treasury was repealed; and the Secretary had
no power TO re-establish that system. Con-
gross had not only repealed that law, but as a
substitute, had adopted the present system OF
deposite banks, and prohibited changing any
one OF those for another bank, except for spe-
CITED reasons. No alternative was left but
10 continue the existing system until Congress
should think proper to change IT, That change
II Is hoped, will now be- made by return ia
she treasury of the constitution. One OF the
great evils OF banks is the constant expansion
and contraction OF tire currency; aud this evil
IS augmented by the depOsiie Of the revenua
with Parks, whether state or national. The
only proper course for the government is to
2 keen It's own InOugy spnpYofp from, all l.