The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-12-22

COMMERCIAL.

ii
COMMERCIAL.
From our Cemmsrciai Correspondent.
i
NKw YoRK. Dec. 10, lsis-W "Wednesday, p. IN,
Among the favorable results of the OF the last
administration in relation commercial affairs generally,
and intercourse with northern neighbors partcu'
ary to be reokoned the corresponding increased liberal
iy the British The tendency OF these mu-
tual concessions Is inevitably strengthen the ties be-
the provinces and the Safes and to relax the hold
which the imperial government has upon the onner Inc
privileges extended TO Canadian produce in lis transit
the country the seapors have diverted consider
able trade from the ST. Lawrence 70 the Hudson and the
operation Of the navigation laws Is 70 bring provincial
buyers this market for the purchase Of goods as Wen as
produce There are now bond here $780, 900 barrels
OF Canadian four which has made the transit oil New YORK
under the warehouse regulations established by the
late administration The same warehouse system mas hiea
bonded warehouses with large quantities OF auuape
foreign produceugar and moasses particularly as wen as
dry.goods French and others. The new navigation act,
which permits all these articles TO be imported into New
Brunswick and Nova Scotia In American vessels once
makes New York the Of those provinces
and opens the carrying trade American shipping With
in few weeks there have appeared upon the exchange
many active and Intelligent merchants, evidently strangers
with pecularies of dress and address that distinguish
them from Americans well from regular John Bulls
These are friends from the now commercially
annexed provinces, come TO take advantage Of the new
source of supply opened them through ships and
Warehouses WIN uIyBoous sugar, 49,
they buy bond 20 also tobacco, rce
and provisions In greater quantities, and on more liberal
terms Of transportation Thus are our commercial cities
beginning reap the fruits of that wise policy OF the late
admins ation which prompted Il TO promote the interests
OF and of industry, not by adding restrictions
and prohibiting species of business under petence
of facilitating all, but by removing obstacles, abolishng
restrictions, and attracting buyers to markets on the
true plan Of offering the best the most favor
able terms When markets thus opened 70 our in
teeourse each day brings with new demand for some
article produced by American industry just finding its
way consumption in new localities and In return our
producers receiving variety of wealth necessary
to their comfort and welfare, and stimulating new compe
tors production Of those articles they are occustom
ed TO import The intervening of mutual interests rress
bly, draws contiguous communities into political connex
ion the assimilation of the northern provinces 70 south
ern interests win give the former stimulus in their com
mercal and industrial progress the absence Of which has
been very marked in the comparative condition OF Canada
and the northern States a@
veloping themselves from the policy established by the late
the opponents of that policy have gadu
ally been driven from point to point until he substitution
of specific for ad vaiore duties seems 70 De all they claim
as an apology the magnificent bank and high-arf
schemes of former years The allegation shat the ad
yalorem system subject frauds as to deprive the
OF revenue and the manufacturers OF proec
ton through a system Of undervauaton practsed by
importers This is known be practically Impossible.
The ad paorem system affords far reader means oil de-
ectiug than the specific system Thus The appraiser
has before him the Invoices amounting 10 many scores
belonging the several importers Of this ana neghoong
,es These contain the prices and designate the quail
tiles of the goods and these goods are nrnshed from Inc
i same markets. and mostly by the same merchants. no
very great variation price among compared can
exist without being detected at glance oy inc apPai'
yho has nrompt means of remedy On the other hand
when specific duties charged the goods themselves are
to be examined and measured nasmuch as thar 70
ue and examine all the packages that arrive is
but one of lot Is Inspected very little management
suced 10 send the right package the government store
and how many yards gallons OF pounds the remainder
contained could by possibility ever be discoVerea 10
suppose that any system Of underwriting invoices 80
ensye avoid any discrepancy In prices from appear
inv IA 10 suppose all the rival manufacturers oil ihe
same articles In England hold conventions TO regulate The
fass prices ell the mportes Of the United states
are In the secfets OF Affairs that would certainty
Il were possible seriously affect the government revenue
Now TO test this we may take the dutable imports at this
port, the Of duties received an ne rae per cent
for years. the first eleven months oil each year
Databre imports and datia port Of Ns~ York; IL mo"A'
s::;::': :;:., 'ss;3: & ' 80 II
The ,,, Of lsI2 ceased with November, 1896 Now IL
win he observed the average Of duties under The spe
cac rates Of high tariff only AoS per cent hgoe
han under the cd pacre Of sis the
large reduction articles Thus the stee faie on cot
ons equal to 80 100 ad vaorsn and IL DO per
oen making difference Of 30 per cent duties ON af
Giles which form 80 Eer cent OF the whole imports NOT
ythsandna this, the reduction In aggregate duies only
"a No very serious undervauaton could possibly have
existed where there such results Again, the impor
value which is Of The invoices, has not declined al
compared with the value OF specific tariff On the ohe
hand IL has increased little than % per cent IN
creasing the government Is cent? OF oo
in eleven months, aud raising TO higher point han wa
ever before collected in port Of New York Tor the san'
perod Il has resulted from this increased business ina
the ships have had 80 per cent more freight The Inn
porters iobbes, retailers, carmen, fofwadet, pnbh'
WORKS and all connected herewith, have had % pc
cent more business while the consumers have In the sans
enjoyed comforts and luxu'ie while the
demands for domestic productions have In nowse dmin
sbed The Increased imports which have produced INT
large revenue have been paid Cor in farm Prodace that
TO saw the urpus produce of American industry oeyont
what the manufacturing and commercial Interests cou,
consume has been exchanged Tor these additional quaint
tie, OF goods aud tho Of exchanges indicates tina
England sill owes balance which viii probably be paid
TO some extent. in specie The progress Of the blu make
q has been as foowsi
Price Of Erehanges !. Nsw York.
? DC. II. ioa ssss@ ssl SisN g ssg
Il Dee s. tfas 5@ a5@ 4olaDl aSt vt 70
I2, s.sa sg1ssssi %sss@i s, s%%i g as
r fall n, y,,c. ailed 10 create any very