The Arkansas banner., 1845-11-19
rnr MARF.uoLrslNG .SYsTEM.

, A1tutNNs AtN i8to hilttCb IiOiS uiid bNbtCi9 VT the subject of South-Westefn interests, thaI ,. any other individual His contributions, or this subject, to the Southern Literary Mes senger, bear about the same relation 10 wha others have done, as does Robt. J. Walkers great letter on Texas Annexation, bear to the letters, speeches, reports, and essays ol all other advocates of that unrvaled mcasure.-- That letter served as the grand reservoir ol fact and argument, from which all subsequent writers and speakers drew, in the advocacy and consummaton of the patriotic purpose of adding an empire of territory to our Re public and l. bulwark 10 the Soulh." So the contributions O. Lieut.. Maury, in exhibit ing the true principles and means of develop ing and consnmmalng our National defen- ces, and South-Wcstcrn commerce, have fur nished all the acts and arguments of real and available value, by which the public mind has been aroused and enlightened, and by which the public authorities will be induced to act, if they shall ever act at all, as becomes  Statesmen and PGriots.
 As we have long since remarked, to him We are indebted for the Naval Depot at Mem phis-lhe first real step toward public im- provements in the West. And to him we are destined 10 be indebted for whatever addition- al steps may follow that
 The meeting of the Soulh-West Convea- tion( which look place, at Memphis, last week. afforded him suitable occasion, and he las ayailod of il, 10 sum up his views upon all the great questions he has heretofore sugges- ted and dscussed--tc present to the aseem- bled enterprise and intelligence ofthe South West, a significant and glowing peroratioa 10 his discourse upon the great theme of thciT welfare
 This he has done in an Address to tho Con eention, through the Southern Literary Mes senger for last Month, under the following heads
 < l. On the Military and Naval resources of the Mississippi Valley, and it's ability 10 create and sustain Steam Military Marine.
 ,. On the improvement of the Ohio river :; and on the subject of q Free Canal at the Falls of the Ohio.
 3 On lhe improvement of the Mississippi river and its tributaries.
 4 On a Western National Armorv.
 ,. Ona National Ship Canal, to connect the Mississippi with the Northern Lakes.
 6. On hIuil Routcs on the Western rivers.
 7. On Military Road through the Public Lands in the Southwest
 s. On retaining the submerged grounds along the margin of inc Western rivers.
 3. On the growth of Cotton.
 *l0 On Manufacturing in the South.
 I'll. On the completion of the Rail road from Charleston to Memphis
 All these subjects are of great interest, and have an important bearing upon, and conaex- ion with, each other We should be pleased 10 give his views al length upon them all ; but our limits forbid our doing more than alludc, as we have done, to their general cha racter, except ptinrelation to one-and that one the most important-the one which heads this nolce-" The Ware-lIousing Systen.o And of this, we must content oursclr for the present, with a brief summary, which he ia- troduccs from another pen, of the :. Adyan- tages" of the system, and :. Replies to Ob- iections."
 Ia these, cur readers will find lhe eharac- ter of the proposed alteration of our Custom House regulations, and be enabled to judge of its incaculable value.
 was asked some months ago to make a sholt summary of, lst, The advantages of T Narehoasng System-2nd, The objections which had been raised to it-and 3rd, the replies to those objections. l will now re- peat the whole, leaving ont the objections of Secretaries ofthe Treasury in particular, sim l ply because, as they have no sound ones te offer, we need not fear that the present Seere- tary will oaer any.
 As TO THE ADVANTAGES.
 '.lst. The greater independence of chan ges in rates ol duty, which il would impaft to foreign commerce, and therefore the facility with which duties might be altered hereafter, as necessity or eXpedency might require. without agitatng the entire trade of the coun- try, or going into a revision of the entire Tariff; the principle being understood that the rate of duty to be paid, is the rate exis- ting at the time of payment.
 "2nd. The abolition of the Debenture System, with all it's complications and risks.
 3rd. An even flow of revenue, step by step with the consumption of the country ; and not, as q; present, dependent upon East winds or West winds, over-mpor.ations or under-lmportations, debeatuFes and draw backs.
 "4. The existence of larger stocks of foreign merchandise, which would tend to increase the export trade. to prevent nuctua- tons in prices here, and 10 make us more independent of fluctuations abroad.
 9th The acquisition fan increased DOT ton of the trade ofall neighboring countries.
 "6ih, The greater extenlion to small eapi- lalists of the ability to trade in hgh-du articles, and therefore the diminished power ol great capitalists to make monopoliziag speculatioas.
 As TO TIE OBJECTIONS AND BY REPLIES
 TO THEM.