The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-02-23

and their use or consu mpiop, What country
this csrryir trade! Whoes mechanics and lsborsrs
shall fur The stores and docks and basins! Whose
mercbsnts shall receive the Storage! Whose under
writers the ipurapce and who rhall realize the
mitssns and profits ON the sale and reshipmsut!
There questions Of momsntous interest to
wealth a.d industry think It may b. dsmonstrarsd
that directly and In dire city, Great Britain 10 nov
realizing nom this source an annual Income to hsr
returns OF commissioners before referred TO- N
pears tb the value Of bon ded goods tho warshous
Of Great Britain In August l847, was 1887 200 900.
The quantity warehoused throughout the year not
given but n 1t bears the same proportion In our
couBtry, to the goods remaining in warehouse 1t the
emo of The year, 1t would be muoh greater Assuming
It, however, to be only S400.000 900, may form
approximate etimsts to this income from the follow
the Roods. %. The freight upon such IS are
exported I'd. The storage 4th The insurance whilst
on a. we'll as when imported or exported 5th.
The labor attending the ding receiving and rsship
emit sludipg the wharfage drsyage. age, crau
sse hoistpg, slowing, piliDg packing and repsokins
7th The commissions when sold and rsshippsd on
foreign account 9Th. The wages and compensation
precision ef properly aiistg from the extension Of
business and The erection OF docks and wArehou
10Th. The augmented market for domestic products
and htfghted abroad ~ cheaper thus
domestic exports, as well as the prohs upou
them 1lth The use Of the capital credit and specie
and the command OF The -xchapye Of the word 18th
The augmented home market for domestic prod ucts
and fsbrcs, srsipg from the increase Of capital busi-
nsts ana pepuistion growing out Of the warehousng
system There are soDe Of these items, known to be
great, not suscepttIe Of any accurate approximate
estimator tsAirs however those only whsre the data
e.tsb.b.d ay bs safely ASSUMED that the eross
In yielded such items the country from ware
houed gooos 10 not less than twenty per the
value Ct such goods stored for sale and distribution
IL must be remem bsred that this 10 income realized
on the products aDd fabrics OF other countries grow
1pg out OF beng their factors and traneactpg their
bosintis under the wlrsbousins system. Among the
most beneficial effects Of the system as demonstrated
in its results by practical experience In Great Britain
Is The largely auem. MED foreign market for domestic
products and fabrics to complete al assortmp mt or
cargo ~ to give full rsiRhts TO vessels Our ports
SEEKING the markets Of Canada the West Indies M.s.
leo, and Of Central and Southern America. They are
ALEC the natural depots Of all there latter countries
when seehirg the European other foreign
market Our porte the Pacific. In con nexion with
those ON the Atlantic and the Gulf are also the ma
the world, Of the products and fabrics OF Asia; aud
nothing can fecure to us this nerce but we'll.
organized warehouse system furnishing equal facilities
for storage and entPot With similar systcns In any
other country To the perfect Of this system
the principle Of free storage and free oomp.tton
all but unclaimed goods will become indispensable.
IL would be dcut to ascertain the extent TO which
yeises an purcbasers would be brought ports
under perfect warehodsing system, to DO supplied
With retui cargoee part composed Of our pro-
ducts and fabrics. aH... s..I "a.
1t is clear, however, that tho effect must be very
great and when varehousng system shall 60 into
complete operation, do not doubt but that stores
filed with domestic products and brcs will be found
side by side with our bonded warehouses, and pur-
chasers win resort to both to all their vessels or to
Whilst the bonded warehouses will be filed with
foreign goods eur hzeadstuffs and provisions
bseoo, our hemp and wool, our cotton and woolle n
fabrics (anG In time also iron and sugsr and the
try prsduos Win be- found in our domestic stores nsar
to bonde warehouses, assembling pur
chssers to End market for them IN every portion Of
the world Nay 10 quite certain1 that the barter Of
the foreign for the domestic products and fabrics In
adjace MT stores win often take place daily 1t
not only our internal but sxtsrsaa soAssss aug
menting our tolls or eghts on our lakes and rivers
our railroads and canals. and swelling our exports
responding with our foreign imports The foreign and
domestic goods wsrehoused in adjacent stores will
become the factors Of universal commerce
Whilst the warehousing system in Great Britain 10
issty S6.,ned Sy tier It Is regarded
popular Mapcheste- with lis bonded stores a. In
London or Liverpool; bringing, Is it Does capital to
Britith ports, and purchasers and goods from every
quarter Of the globe to exchange fer British fsbric
and our American manufacturers can never compete
successfully for the foreign market, until similar
arhousDg system 10 introduced nd perfected Ia
potts. d..
Much as our mercantile and navigating interests
will be advanced by such system, the American pro-
Queer and manufacturer, In augmented markets ut
home and abroad, will derive still greater adva
There is perfect union Of interest between our
ports and imports-between our trade. external and
internal Commerce 10 unit; 1t 10 the exchange of
products and fabrics, whether foreign domestic,
whether transported inland or cosstsise, upon the
lakes or the ocean upon the railroad canal; and
whatever system bles in sDy port for vxohsnge
the products and fabrics industry augme nts
the wealth. and business and capital Of the country
facilitating such commerce, and fills the hand Of labor
with greater and more abundant reward. In truth,
commerce 10 the great handmade Of labor the factor Of
It's products, finding for them the markets Of the
the existing law, the following :-lst. Where tbs
goods are deposited In Q public store under the
elusive custody Of the government, bond for du-
ties ihould be required. To exact security for the
payment Of duties the goods when the goods them
telvss sre In the sole custody of the would
seem to be supernusus. I'd. When the goods are de-
the ftors to the amount OF duties all goods in
his store under his bond with adequate securities
instead Of exactipg bond from every importer 3D.
TO cancel all bends for duties when the goods de-
stroy hre This is the case In Great Britain and
much increases her entfepot trade; 1t being great
inducement to prefer her ports for warehousing,
IS 1t Ia known che exacts NO duties when the
goods are combined BY FIRE before they
taken out Of the warehouse Here Congress generally
refunds the duties In such cases, that Cover
meat, in fact gains nothing by the exacton; but Ia
the meantime foreign goods driven to other entire
the duties pay able. Under the present law, the
goods are insured 1T value including the duty, thus
increasing expenses here, as compared With foreign
fire. 1t 10 generally only for tAe benefit of tho under
writer's wno have ipssred the goods 4th To pro.ong
the time for wsrehousng, not indefinitely, 1T least
to period less thsn Ave years. In Great Britain
the Is three years but at the time discretion
IL given to the commissioners Of extend
period two years more thus charging
time goods not perishable to Ave years. The
Of year Is too limited, especially with Wow to
portstion.
Dsbsnturs goods may now Be exported within three
ears, and NO reason can be given why warehoused
goods should net have At least The time not
indefinite period. The fact that goods can only be
wsrehoused here one year, when in England they may
remain five years in warehouse, gives to that
country an imnsnre advantage over cur own
as an sntrepot for wsrehoused goods and We will
contend with her TO great disadvantage for
the commerce Of the world until we extend the
warehousiDg privilege to similar period Of years
why tboula dsbenture goods, remaining in the mer
chants exclusive possession, BE- permitted TO be
exported within three years. when warehousea goods
remaining in custody must be fol oed out Of
the country In one year Why should We deny co our
county the payne OF insurance and storage Of
labor and other charges upon the goods beyond the
pered Of year Why limit the period for exporta
ton or consumption the goods remaining with US ut
the exlenfe OF the foreign importer
The Ices Of Interest, the payment Of insurance,
49,