The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1849-03-07
Warahnusino SYSfen.

! bound to each other in the closest and most i'm
portant manner. Thus the mines of America wer'
first found at time when all Europe, impelled by
The spirit of the Baconan philosophy, was entering
| on that career of discovery and invention which
has so materially changed the face of modern so
| ciety. The circulating medium was thus furnished
| for the increased exchanges which were the resul
of increased production. So the introduction o
the warehonsing system into the United States jus
| at the period when we are making such vast &C
| QUESTIONS on the Pacific side of the continent, i
| one of those striking phenomena which lead US tC
believe that there is interfering mind as well as
guiding laws in the moral developments of the hui
man race.
The chief object of a warehousing system is to
make country the enrepot of the commerce car
ried on between other and foreign nations. 1t Is
clear, then, that cenlralty Of position Is the most
essential requisite for ciectng the objects OF such
SYSTEM Before our recent acquisitions on the
Pacific, we were, as regards many countries, much
more conveniently situated than most of the Euro
pean nations. For example, our geographical po-
siton gives us great advantages Great Britain
in furnishing depot for the products OF other ma
tons, and in making ports fairs where all the
people of the earth may meet and effect their ex-
changes. The British islands lie so far north thai
nothing but the superior energy and enterprise OF
their inhabitants could have enabled them to get
the start which they at present possess all Eu-
ropean nations in storing the goods of the four quar-
tiers of the globe. Most Of our ports occupy the
most central positions of the northern hemisphere
lying between the degrees of forty five and twenty
five north latitude. With our local advantages
them it required only equal skill and enterprise be-
fore our acquisition of California, to compete sue
cessfuly with Great Britain in the establishment
of warehouses for all the carriers of the world
Since we have extended our territory to the Pa
ciic it is evident that We occupy, in regard the
eastern hemisphere, that central position which we
before held in regard to the countries of the west
Situated as We are, between the Asiatic and the
European worlds, and between those degrees Of
latitude in which are made and consumed by far
the largest proportion of the products of human
skill and industry, we need Use only ordinary eff
forts in order TO fill our warehouses with all the
treasures of China and India as well as with the
hOmelier but more scientific productions of South
ern and Western Europe. In order to do this.
however, there are some reforms to be made in our
new. born, and if it were not already so vast, we
would say our nfantile warehousing system Mr..
Walker in his recent report to the Speaker of the
House of Representatives, has stated some of the
changes which he thinks it desirable to make in
our system and as these general remarks have
been elected by perusal of his report, we will
close them with the quotation of single paragraph
In which the Secretary of the Treasury sums I'D
the modification he proposes to the consideration of
Congress.
Among the most important amendments re-
CURED in the existing law, are the following: lst
Where the goods are deposited in a public store,
under the exclusive custody of the Government
no bond for duties should be required To exact
security for the payment of duties on the goods
when the goods themselves are in the sole clls odv
of the Government, would seem to be superfuous
I'd. When the goods deposited in private stores
TO permit the proprietor of the store to cover the
amount of duties on all goods in his store under his
own bond, with adequate securities instead of ex-
acting bond from every importer. 3D.. To cancel
all bonds for duties when the goods are DESTROYED
by fire. This is the case in Great Britain, and
much increases her entrepot trade; il being
great inducement to prefer her ports for warehous-
ing, as 1t is known she exacts no duties when the
goods are consumed by fire before they are taken
out of the warehouse. Here, Congress generally
refunds the duties in such cases. so that our Gov
eminent IN fact gains nothing by the exaction
but, In the meantime, foreign goods are driven to
other entrepots by the fact, that under our law as
1t now stands, the duties are payable. Under the
present law, the goods are insured at a value in
Guiding the duty, thus increasing expenses here, as
compared with foreign warehouses; and where .
he duties refunded after fire, il is generally
,nly for the benefit of The underwriters who have
insured the goods. 4th To prolong the time for
if not indefinitely at least to period
not less than five years In Great Britain the term
$ three years; but, at the same time discretion is
given to the commissioners of customs TO extend
he period to two years more; thus practically en-
argng the time on goods not pershabe to five
Years. The term of year is too limited, espe-
Tally with a view to exportalion''