Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1847-12-24

reports, for the execution of this work, and
the estimates, have received the approval of
this department The sums asked for are be-
ieved to be the smallest consistent with the
due progress of this great work. The intro
ducton of steam vessels in the photography.
Will tend greatly TO expedite that branchaof
the coast survey.
Annexed is table (marked LII containing
Inc value and description Of foreign goods in
warehouse at the close of the last quarter. in
inc several ports of the Union. BIZ the ware
nouselng act. this department is required 10
make such regulations from time to time as
may De necessary 10 give full effect TO the law,
ana 10 report 10 each succeeding sessionof
| Congress sEch regulations. Those heretofore
made under the large and continuous discre.
! tionery powers granted by this act to The de-
partment, were reported TO Congress al the
| last session. After examining the practical
working of The system under these regulations,
it seemed to me susceptible of Improvement;
and as ii was entirely new here, | proceeded
| to collect information in regard to it in those
countries where ii had been for so many years
in full and successful operation. According
! ly, Messrs. c. C Walden and D. P Barhydt,
OF the New York custom house, were sent by
me TO Europe last August, under specific and
detailed instructions "a copy of which is an
neXeD TO investigate the operation of the sys-
tenn in Great Britain and elsewhere in Europe,
and report 10 me the results The warehous-
ing system, as il exists in Great Britain, as al
| so in France and Belgium, was investigated
i by them-the fullest information being kindly
afforded TO them by the gentlemen connected
with those establishments abroad, and espe.
cially in Great Britain. All the details were
obtained by them, and communicated in an a.
! hIp RI IL with
pendX covering several volumes OF general as
well as specific and detailed information, to-
gother with all the forms for the transaction
! of business, and the most full and minute in
| formation as 10 the mode of conducting the
same. The system was found to be the most
! perfect in Great Britain, where it had long been
in successful operation, and cherished by al
parties, whether for or against protection. II
is one of the principal means by which Great
| Britain has built up her commerce and naviga-
ton, extended the market for her fabrics and
placed under her control for so many years
the exchanges and trade of the world. She
I-has thus made London the great depot where
not only all her own fabrics could be purcha.
sed, but also assorted cargoes OF the products
and fabrics of all other nations According
ia the report of these gentlemen, the value of
the goods of all kinds in warehouse in Great
Britain is 1887 200, 900 The buildings, docks
and structures erected under free competition.
almost exclusively by private enterprise. for
the convenient storage of these goods in Lon
don, is estimated to have cost SAC, OOO, OO0.-
Great as was the importance attached by this
department 10 the introduction here of the
warehousing system. and earnest as was the
recommendation for il in my first annual re-
port, the results, as ascertained in England,
surpass my highest expectations. There it is
regarded by their intelligent manufacturers as
among the most important means of bringing
customers TO their own doors TO purchase as
sorted cargoes, including their own manufac'
turers
1t is thus Great Britain seeks for the pro-
ducts OF all her industry the markets of the
world; and this is what we must do, if we
would compete with her successfully for those
markets for the products of all our industry,
including manufacturers. The report OF
Mcssrs. Walden and Balhydt has been very
recently made to me, and is herewith commu-,
nicated TO Congress, retaining for reference
the voluminous appendices in the department,
subject however, at all times, to the call of
Congress. AT the earliest practicable period,
will make such further regulations as are
authorized by the powers delegated to NE by
the 9th section of the warehousing act, and
will report the same to Congress The Amer
lean manufacturer, the farmer and planter, in
enlarged markets at home and abroad, and in
the sale of their products and fabrics TO com
pete assortments, will derive the creates;
advantages from the system; whilst the mer-
chant and those concerned in navigation will
find an increased business and augmcnting
profits property IN olr warehousing cities
/, will be rendered more valuable, and every
branch OF industry stimulated and improved
, A commercial nation without warehousing &C
commodations is like merchant without 4,
storehouse ; and no nation can enter upon the
field Of fair and open competition with other
countries without such system
The new tariff has now been in operation
more than twelve months, and has greatly
augmented the revenue and prosperity OF the
I country. The nett revenue from duties (see
table NM during the twelve months ending
! lst December, 1847, under the new tariff, is
sci ,500,0 900; being IS, 1928, 500 more than was
! received during the tweve months preceding,
Z under the tariff of 1912. The nett revenue
of the first quarter of the first fiscal year under
the new tariff was Sill ,166,257 Al, whilst in
the same quarter Of the preceding year, under
D the tariff of 1912, the nett revenue was only
S6,153,826 50. If the revenue for the three
remaining Quarters should equal in the aver
age the first, then the nett revenue from duties
Y during the first fiscal year of the new tariff
would be S44,425 .029 81. If, however, the
D comparison is founded on all the quarterly re-
c tarns for 48 years, (as far back as given quar-.
e terly in the Treasury records) and the same
n proportion for the several qu&ters applied &c
+ the first quarter Of this year, it would make
e its nett revenue SAC, 1886, 045 (per table CO.
j. Although the nett revenue from duties ALREADY
3 received, being SIS ,506,257 Al during The fvt
Y months of this fiscal year, would seem to in
d dictate its probable amount as not less ther
600. 0O0 yet it is estimated at s31 900, zoo
G for the fiscal year ending 3Olh June, 1913
s and S32, 900, 900 for the succeeding year, in
: view OF the possible effects Of the Revision in
e Great Britain. Although our prosperity is as
: crlbed by some TO the famine there, as though
4 Providence had made the advance OF one coun-
e try depend upon the calamities OF another, yet
:. it is certain that our trade with Great Britain
J. must be greater in Il series of years, when
- prosperity would enable her to buy more from
IS US, (anI especially cotton,> and at better psi
a ces, and sell US more in exchange, accompa'
- MED by an augmentation Of revenue.
i In my report of 22d July, 1876, it was
l. shown that the annual value OF our products
n exceeds three thousand millions of dollars
l. Our population doubles once in every % years,
: and our products quadrupled in the same peri
n od-that being the time within which sum
/, compromising itself quarter-yeary at six pei
Id