Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1849-03-06

pOPERT

TIE ia,c ci.tincuished Secretary ct The lreasu
~, will accompany EI-Pfesiden' Polk IN pass
ing through our city Today, (Tuesday.) MI.
Walker. by his mastery S'alc-rapers, has &C
CURED a reputation al home and abfoa and our
felow.ci.izens will, no doub cordially embrace
The opportunity 10 lake him by the hand, also
The touching scene on Thursday, when he took
leave oil his clerks, shows how highly ne is re-
spected and believed as a man. His last able re-
port on The Warehousing system, recently given
10 the world, is another and a noble monument 10
his fame. The Warehousing system, though
! denounced by some of the Wing leaders, has
been crowned with The most successful results
The value Of The waIehoused goods, including
those deposited in The public stores during the last
two years, Exceeded sizty millions Of dollars. The
New York Journal OF Commerce, a Taylor pa
per, pays The following just compliment 10 Inc
system and TO Mr.. Walker:
III any one has doubled The importance ct a
wcll.Tegula,ed WaIehonsins system, or overlook
ed the facilities II gives 10 The trader, and the bene-
frs arising from il 10 commerce, ne need only ex-
anime these documents, as il seems 10 us, IN order
10 be convinced. The Secretary seems 10 have
anticipated all objections, and lhem
lIiumphanIly.
ale shows that a we'll regulated warehousins
| system will even he a great benefit 10 our manu-
featuring interests; for under such a system the
importer or consignee, instead Of being com
PEELED to force his goods of when prices arc
low, and thus further derange the market and
seriously affect our own manufacturers, can
keep hi goods in store until prices improve suf-
f~iciently TO warrant him in making sales, or in
shipping them to some other market.
The great advantages arising from this sys-
TEN to English and labor, are clearly
co, r,r,h Tho Secretary estimates that no
amount annually received, directly or indirectly,
By Great Britain, from the operation OF this
system, is not less than eighty millions of dol.
lars! and that "the value of bonded goods in
tho warehouses Of Great Britain in August
Is47, was three hundred and eighty-seven mil.
lions two hundred thousand dollars" This is
truly astounding, and shows at a glance the vast
importance Of a system under which merchants
can and will come hire, and make up assorted
cargoes for every market on the face Of The
earth. The amount of goods warehoused in the
United States during The last Two years, while
vel the system is in its infancy, is nearly $40,
600 600. With The adoption of the improved
system recommended, and the increased facili-
lies it grants, results Of still greater Importance
will doubtless be realized.
THE present instructions (aow first published)
are issued under he authority granted 10 The Trea-
suIy Department, by The 5.h Section of The Ware
housing law..ot 1916. They are probably the last
important act Of the retiring Secretary, Mr.. Wal
k@r, and form an appropriate conclusion 10 n
inosl intelligent, sasacious and eminently useful
administration Should an anii-commercial Pc
hey De adopted by his successor as was The case
with SOM OF his predecessors, New York will rue
the day when she discarded her firm and sleadfast
friends, 10 make way for strangers. Under A
comparatively tree policy, she has increased
wonderfully in wealth, population ard business,
Notwithstanding The dra wback Of q foreign war,
and disastrous I~evulsion in Europe, which ne
cessaTiIy extended its influence, in a measure, 10
his country."