Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1845-10-18

| To the Edon q TIE kehzonA wh4;
lie in possession sabjecr Of the w.rehou.as sy
tom, else IL would have been adopted long ago. IL Ss
PLAIN mssss Il" advantages obvious and all that now
wanting Tor exploding the present monoporng unequal,
injurious and oppressive OF collecting Duties 10 FOE
and other leadag journalists examine the subject for
| yourselves, and TO enhshtca the public mind uponit
The plan Of requiring the duties whom The
gods boad<d makes importing business OF tho
country prae,iesy monopoly. and monopoly too Of the
most odious Kind. because confines the importing busi-
ness To foreign capitalist. aud Of ovcrgro~n
wealth Suppose man with little spare each wants to
60 into the pepper rsds-for lie sends $40
900 Sumars buy cargo Of pepper. When
he has pay SS6OO0 in cash the Collector before he
can bond IT, FOR this high dutied article paying 40 odd
per cent He raises this OF cash nconve
nencc-but the neh house which trade Is chiefly
hned-l take the only for illustration and have
sona a!uson-sccs competition sptnsug up-talks ION
Change about the low price and small demand and de-
eided DOWN. ard tendency Of tho arciet probably sells
at ioosing aicsthosc who have accommodated the new
conner win the duties become uneasy, he forced to sen
nj auctonthe rich house whips round the cornet-buys
every grain and up goes pepper again. Now the Ware
housing System proposes exact when the
goods are bonded but when leave the lock aud Keys
OF the government for consumption. la this thete
FORE the importer would have employed his whole capital in
trade, aud would have had cent for duties
the retail merchant buying him would the duties
Thus the trade in all high dued articles becomes mono
poly in the hands OF few. The average rate OF duty
/ 81 per cent upon all articles.
The present system operates uncqusly upon different
sections OF the county and requires the in some
sections 10 exo'btant account OF the duties
You aud the in Virginia of foreign merchsn-
dEe arc taxed much higher account OF the duties than
the consumers in OF the Eastern States even
the identical articles because being further removed irta
the Custom House than they have pay the duties
through the hands ut than they do aud there
fore have the 10 pay. THIS is surprising
that New York the importing Tor Virginia Ot
therefore, remarks apply only Ia the OF those IL
rcgn goods which imported 10y ii the eastern ee-.
and consumed IN Virgina That may hc clearly
dersood let for Illustration derived from
every day business;
The average duties upon wooden and cotton manufac-
A York tlu,f has Iustfc
eeived cargo ri thesr, valued S3oJ,O0J which the
wholesale merchants Oi Rehmond 90 To bay. The du-
ties amount 10 Si0SU0U. which paid IN cash Ly the
Importer. making hrs whole SIOe,00o. Nnw let
us suppose that h,s selling pricc 10 cent advance
which required satisfy commissions changes profits
Se-i that u Is 10 per cent. advance upoa what he
paid for duties well that he paid upon the OF the
goods themselves. IL Is the dues only that
considering: let therefore Keep the run du,ies by
themselves, aud OF the proper o the goods.
clCsisc at the duiy-by itself
The importer therefore sells the Richmond merchants
at an advance Of 10 per cent and renders his account
Richmond To New York importer Dr.
To lot OF goods. p-,me cost 100000
10 per profit ~ DO 3h0JO-S33O 900
Cash pad Tor duIIes do. SiUS,OOO
Comm sons, &c. same, 10 p. ct. TO- sOO-Sllss 500
To;al. s44s, 500
The Richmond Merchants insure now FOR this sum- s,nd
h,n I" NHginII. and lind when they there To
pay freight sud insurance. and make bust
ness pfUlis, they must sell % the rctaers-~ho
supply the great body OF consumers-a Is per
vance. The accounts may be rendered thu,:-
Va Retailers TO Richmond Wholesale. Dr.
To lot Of go"d', prime cost S330.G00
Is per cent aivauee on do. 10. 5OO-S3I9 500
Ga account OF duties, SlIss 500
Is per cent. advance do. I7,72O-Si36,52O
Total cost to retail dealers, Ssi6.UaU
The retailers have send their goods oil the
county, some by Railroads., by canals, others by
wagon. etc. various distances freghts aud charges
Let suppose that the average with be
~ per cent upon their prime and the
hna sett mcn Of the with the real the
consumer, which may be thus render d
Consumers to Retailers, Dr.,
To lot Of goods, (prme cOsU S379 500
hpcr cent. advance on do - gJJ--I55 400
Ga act Of duties Si36 $50
~ per cent advance on do % 3J4-l63 s2I
Total cos, to consumer, s6l9.a2l
Thus that the Government may realize its s los 900
under The present system the Virginia payers nave
given SlG3 S24.
Nov let follow sout the same case under the Ware.
housing system.
The importer introduces the same amour, Of goods
sells them At the profit tile number of Va.
Merchants They. therefore, pay IA $3.50 900 40 - the
bounded ware hou,e in New York aud have them trans
i.rr'd To the bonded house RichR ond, aud eel
hem the Retailers 1919 500 who 20 to- the bonded
store, pay the duties themselves aud sell con-
sunefs for Sl29,60O instead Of Sl63 e2i al
the duty tax Thus the Government wound receive the
same revenue and the tax Of the would be les
sened 20 per The present system does not operate
oppressvcy rs this upon tue Eastern consumer because
lie Is nearer 10 tie importer aud therefore has
puy many agents account vi his taxcs-but IL ope
rates more heavily upon the Wosi than upon vi gina
Suppose only hall the duy paying goods brought
thc untry To he consumed III Vg:ni AMI the States
the South aud West Of her.nd tie above leads
the STIRLING fact that ing which the
General Government collect, their quota OF taxes, say
Sl5Ouo,uOO the citizens 81 those States required 10
pay S2aOOOOO, about third than they would
have pay they lived IN Of the Eastern cities.
Nor Is this all Every Stale has its good
Ut entry aeBdy-thC consumers instead oi sending their
money vi the State pay The duties, would pay them
h. me were, and each State would have some Of
the benefits arising from collecting and handling
| Ui Revenue. And there would not be such a drain as
there isuppn the inland States for -'funds enable
the merchant To Ego Ia tlIe North" The merchant would
bus the quantity of goods with money ia other
words. do the business with 10 40 per cent less
csp,i-l, and therefore sell cheaper that
You have number Of intelligent Wholesale merchants
~ Richmond, who give you accurate information
10 the ecnum IT profits. and tie actual Inference which
the warclIrus,ng system sulJ make. 1 wish therefore,
you would Let one 1T them t1 this question:
Suppose the wh'chOusng system To be la oprritCn-hn
the importer New York does not pay tEe duiies-iha
when he tthc Richmond meIcIianD goes To- New York.
To lay IN his supply Of Oregn d., I've has them transfer
red to his bonded warehouse Richmond aud paws
no dUiItslhat the retailer ~hu hugs hir pays the
duties the Ricbmond Custom Iousr-w what ", uld b.
the advantages To Richmond and Virginia and what de-
ducon ~ pee could the retailer supply his Customers aud
si'l realize from t.. capital m2lyed, the profits ia
d",sl
Numerous other and hardly less important pcin. Of aim
~ favor o the warehou-ng system, pe.enrg them
.ecs such ~. increasing the a the country
~ various iis consuming Sub Treasury ui the
" '' FIhh HhB 'Hc tubic STORE houses ~ all parts
at ihs country with m'fchand'ls-nU with money but
upon which the G",ofnment any cy realise
tue money. The Egyptian cribs would be nothing
H. IL would Jo Sub Treasury that would Bb-ifact
one dollar from The circulation u the country, supply IL
| vaults.
beg you will present in all its bearings. your read
cfs, and Obige
Your obedioni servant,
HARRY BLUFF.
FLOUR AED WHEAT
Tito news brought by the Great Britain" has caused n
decided improvement the Flour and Gran markets. Al
New York the price Il hpur has advanced from ~ a. ~
cents per barrel aud wiz nj ~ busc. At Baltimore
the sdyanc- has been - cents HpUf snd from fo
cents wheat Corn has BlsO slightly advanced. Al