The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-03-04

HE WARKHousrNo SYsTIM.-This bill has been
in operation emily about six months, and those
who have made use of the facilities it affords for
importing, storing, and disposng of foreign mer-
chandise, find it all the NEST sanguine ever anti
cipa' ed; but there are many who have an errone-
Gus idea of the system, and labor under the inn
preston that the warehousing of goods is attended
with so many delays and difficulties, that they
have avoided having anything to do with it, 1t IS
a new feature in our import trade, and in time 1t
would become generally understood and general
ly adopted; but we wish to place its advantages
before the commercial community, that it may
be Immediately beneficial. To the importer, of
limited means, it will be found of incalculable inn
portance, as it will enable him to do a more ex-
tensve business upon his capital, than he could
under any other system. 1t places him upon
par with his competitors OF large resources, and
enables him to buy and sell goods without forcing
his credit His capital is not reduced by the pay
ment of duties, weeks and perhaps months before
he disposes OF his merchandise, and transfers can
be made from the warehouse to his customers
without the goods passing through his hands.
Under authority granted in the warehsusng
act, the Secretary of the Treasury has engrafted
upon it new feature or privilege, intended for
the greater accommodation of the importing mer-
chants;iwe alude to the issuing of certificates of
warehoused goods-which certificates stand in
much the same relation TO warehoused merchan.
disc, that bank bills stand to the bullion in the
banks vaults The following is the form of the
certificate -
UNITED STATES BONDED WAREHOUSE, NO. l.
No. New York, le%
certify that according the invoice and bill Of adng
produced at the Custom House on the entry thereof
me ns owner Of the following goods wares and nsTchsn-
house at this port at the and risk Of the
which goods were imported By C D., on the
ls4 in the Master, from
[Al No . One case Linens
further certify, that the dr.be value of said goods,
wares end merchandise according to the rssement
made BY the United States appraisers for this port is
hundred collars
The design of this certificate is to afford 10 i'm
porters every facility and advantage, without i'm
pairing the security of the government for the
coll'cHirn Of duties These certificates are trans
fe able by endorsement and the holder only can
withdraw he merchandise from the warehouse.
This enables the importer 10 obtain advances on
his goods at any time, without transferring them,
by merely endorsing the certificate over to the
party making the advance, by which the holder
only has the privilege of Withdrawing them; it
being always considered at the Custom House,
that the holder of the certificate has the only
claim to them.
The certificate can be procured at any time by
making application to d. P. Barhydt, Esq, the
register at the Custom House, to whom the mer-
chants are very mnch indebted, for the simplicity
OF the forms necessary in perfectng this important
system.
The holder of the certificate, wishing to with
draw the goods, first makes out three copies Of
withdrawal entries, takes them with the certif-
cate to the registers Office, the register cancels
the certificate, and the holder proceeds with it
and the entries to the entry clerk, and the usual
forms and steps follow. If part of the goods
stated IN the certificate are to be withdrawn, the
same steps are to be taken; and the register in
cancelling the old certificate, gives new one for
the portion not specified in the withdrawal en-.
try