New-York daily tribune., 1849-02-23
By THE MIDNIGHT SOUTAERl HAIL
The WarehOu-iBg -y-fem-New Report from
Secretary walker.

OF decided importance We 90 Dot II ls well
known, share largely in NJ. Walkers enthusiasm
for Commerce as National pursuit nor in bis
ambition % make our country the great exchangcr
aud eutrcpot Of the worlds traffic Il we could
tomorrow make New-York wha: London is. We
should. Ia view Of the enormous dispanties OF con-
3iton aud other social evils ever folo~.ns IN the
wake Of gigantic. Commerce. hesitate long aid
ponder deeply before sayins the word But no'
many. probably. sympathize fully with oar views
on this subject while o. millions the idea OF or
couutry's doing the chief part Of the world swap
/ ping and Transferring opens O most al.urius pros
pect. We regret that We have not room % obhge
tbi. large class By prese-tng the whole Of Mr.
Walker Report 0u Wareh0us.ng, which covers
fifteen close octave pages; bat its practical sus-
gestious are well summed up 90 the last TIVE PAGES
which we suhioiu--as follows
There s perfect union OF interest between our eA
poris aot nporis between trate, external and 10
tsrna Commerce g uut % j. toe exchange o. pro
cucts and fa.Tlcs whether foreign Or oJmcstc
whether transported II and Or coastHse, upon 1he
lakes Or the ocean upon the railroad or canal and
whstevtr syst-fn assemblies u any port Tor exchange
the products .ud fs5rcs II human Industry sus snrn-
tie wealth and business snd capital Of the country
facilitating such commerce. and ns the hand % labor
with gresfer and more abundant reward In uu-h,
CONNIE Is toe great handmaG " labor the factor a.
ts produces fndu. ilr t1em the markets Of The world
Among the most rn p9riant ame ndn nts required 10
the existing l-r, are the i0loSlng- lst " nefe ine
goods are deposited public store, under the ezcl1
sye Gu t06y q the Government % bond for duties
should bee required 70 exact security for th- pay ymen
81 duties the goods. wien the goods themselves are
ia sole Gust D. OF tne Government would seem %
be- sgpcllu0us. ~. When the goods are deposited 10
private stOf-s D. permit the proprietor OF The store o.
cover the amount vi duu.s al goods In his store un
a. D. bon MI ado 20 .aT If-fHn lex
acting bond lrufn every importer 80. IT, cancel al
bonds Tor dues the goods are destroy ed oy nre
Iai- the ia Great Britain, an1 much increases
nsr eutrep0 trade 70 bflUg great inducement o. pre-
fer her port for Waren0usns - It's known she cNacts
duties when the goods are consumed by IRE before
they taken 0ut OF the warehouse. Here Congress
generally refunds the duties in such cases thst
ia TACT gsins nothing by The eNattln buf "a the
fore - goods driven 10 other eutrep0ts by
the fact that under law IS % stands the duties
payable. Under the present law the goOes are in
sured = value including the dgty thus Increasing
peDses here a. compared with foreign Warehouse and
where ire duties refunded ster IRE it's generally
only for the ctnehi Of the underwriters who have iu
sured The g0Ois. 4th. To pfo.oDg the time FOR ware
housing IL nor Indefinitely a. least 20 period not less
five years ln Great Britain the term three years
but 81 the time, discretion is give - the commits
si0ners OF customs 60 extend the period two years
rnore thus practically euarging the time goods not
persha5ie 10 ve years Ine Term Of one year IS too
limited especially with a view 10 expectation.
Dcb-nture goods fnsy now be exported within three
years and boz reason De given why Wdfenuused
goods .h1uid not have al least The same time II not an
nd finite pefiDd. Tho fact that goods can only DE
a-r.hogse1 here one yesr when IN Logiand they may
remain ge years n warehouse, gives 10 that country
sn immense advantage our Own enirepot for
warehoused goods and we will contend with her b.
great dssdyansse for the commerce Of the world, IN
ri we extend the woreh0using privilege 10 a similar
period VI years Why should debenture goods,
nsining in the merchants own exclusive possession,
be permitted to be exported within three years, when
warehoused goods remaining ia our own custody must
be forced out Of the country In one year Why should
deny 70 our own country the payment OF insurance
and storage OF labor and other charges upon the goods
beyond the period Of year Why limit the period for
expectation consumption, the goods remaining with
Us Al the expense Of the foreign importer
The loss Of interest the payment OF insurance, sor
age and other charges, constitute sufficient induce
msnt the importer t. sell or reeXpoft ~ any period
without limiting the time Beside, there are any art
cl,s that greatly improved BY rem nng 10 store Tor
a series Of years. Among these ! may mention wines
and iqu0rs which are generally 60 greatly improved
by RFc We can never become r great entrepOt for
wines aud iQuols a this limitation oxlsts but will
be compelled send far the best of these articles as
do 70 the foreign, and especially TO the Lon
dondock cellars and stores, where such articles are
sent by the producer acquire the reputation and ad
dona price derived from ihoir deposite there. More
than nifty acres OF bonded vaults and cellars In Great
Britain are filed with these wines and liquors o. every
quality and age and we can never compete Tor tne
storage of these articles unless We grant here equal
facilities for sale and storage There Is another reason
why the time should be enlarged arising out OF the eX
the WGrhousng act Under the law, goods can be
warehou.ed and transferred from port 10 port in our
own country. Now, from cur Atlantic 70 our Pacific
porte going or returning around Cape Horn, nearly
one half Of the time may be occupied 10 the voyage yet
this by the law constitutes part Of the year permitted
for wsrthousng and Is entirely too short for the great
purposes Of such commerce. Why should we de-
stfoy own coastsse trade by Limitation 70 per
nicOus
In extending the period for deposit Of foreign goods,
would renew my Recommendation Tor the repeal OF
ks q. ms
debentgre goods within three years having the duties
refunded without interest the Government Withholding
two snda bali per cent FOR this privilege, then, he
loses three yesIs interest being eighteen per cent and
tw0.snd.a-haf per cent on the duties-n hll twenty
aud one hall per cent. now, 10 bel permitted 10 retain
the goods iu public or private bonded warehouses with
out the payment Of any portion Of this sum or any ad
for duties. and export the goods within three
years from such warehouse. why should he want
tho debenture privilege The truth Is, II the time
were thus prolonged. when the goods remained IN
changed, there would De motive Out in some
extraordinary csses 10 resort 90 the tebenture pryi
ege except 10 deiraud tue revenue by pretended
portaton of goods when in iacL having been IN the
importers exclusive possession. they are too often
SNUG ged into the consumption of The country snd the
duties refunded, ss 10 they were exported. have
heretofore recommended the repeai OF the debenture
system aud the substitution Of right for at least The
period oftme OF exporting abroad the goods from
the public or private warehouses, without having paid
nay duties Inis much greater privilege than tha de
oenture, aud accompanied with rs frauds This De-
Acer OF the deocniure sysem which has led % ts aban
doumcu Ia other The system furnishes great
facilities ard temptations 10 fraud upon the revenue
Let ~ take example 70 Illustrate how easily these
frauds may be ptrpetrsted Uader the existing deben-
ture privilege an Importer introduces quantity OF for
eisn cotton goods be pays the duty snd takes ih-
goods into his exclusive p1sscssnn- Al the end ot
period not excee Ding three years he processes
port the cotton goods ard after these goods
examined by the appraisers and supposed ~ be- the
he executes his export bond, ships his goods and
ceves his debenture certificate, upon which he draws
the money az once; but perhaps the appraiser who
examined the cotton goods three years before Is sb
sent. o. as. removed or rcsigued or IN the lspse O.
time from tue multiplicity Of bis duties. he may have
forgotten Tho precise character a. TIE goods.
ucie Ot cotton goods Ct precise sinitudr may
Tor that very purpose have been manufactured here
a. 20 DEFY detection and the O. nestle goods ex
ported instead Of the forei. aud this j. but out
OF many modes Ia which frauds may be- perpetrstrd
under ne dtbenture system. IN truth. The whole sys
ten = a. open invitation % frauds Jon the revenue
sua In some cases tbs has been 50 pspaoe that the
drsEoscs exceeds the duty. Herewith il communi
Gated ei,rr Is subject "a copy Of which Is here
O. snnexec marked b from Two experienced Custom
ioase Cheers OF New-Orlesns and New York, being
toe Iesnlt OF inquiries directed oy me exhibiting tue
frsuds under this system. cannot TOO strongly urge
the CONSIDERATION OF THE subject by Congress too
earnestly repeat my undoubed conviction that the
enue Is ceirsuded many hundred thousand dollars
every year by Ibis system Not only is the revenue
,lus oeraurfo OF large sums but the honest merchant
who has isiIy paid hs duties Is deeply Injured by BE-