The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-01-13


ticular, and is very proper answer to Mr. Merediihs
recommendations TO Congress- and his attempt 10 saddle
the warehouse business with all the expenses attending
appraised goods and unclaimed goods.
For tho Journal Of Commerce.
BONDED wAREHousKs.-The report Of the honorable the
Secretary OF the Treasury touches upon subject at
least OF deep importance the mercantile OF this
ciy-I mean that portion of Il which refers to the
Without discriminating between the warehouses which
are directly eonneced with The government through the
that hc incurred during th- last fiscal year. in
M o. 10, m 70 90 beyond
greater portion has most likely been sunk by the warehouse
mnSs y s . Rs OF n s
stores with Merchandise But IL is clear that they
Popularity ia S efforts 10 oa Ss
reference to keeping these stores full Of goods Bn ha;
been made manifest that u cannot be accomplished and
Neither |. hi, owing to the establishment OF the free
dislike on the part Of merchants 70 place their goods there
preerring, In numerous instances know TO duty
p %S 10 ss. s
government warehouse The secret then, Of the immense
engage IN the asse as The heavy rent. paid for
warehouses the hordes of officers and men employed TO
owing 10 The Enormous rate, Of Insurance trseaueny no
insurance at all can be obtained goods deposited here
sasacioy accoun, for the failure and expense Of he
system, so tar as s direct connexion with the government
fas but mos, clearly shows the wisdom Of ,6o.e who
abored for its establishments That carrying the de-
tails Of the system mistakes may have been made, is likely
enough.
For to lease the large stores In Broadway
was doubtless but the system one
The practical merchants consulted In reference
TO the proper PLAN and petitions and recommendations Of
great number of our first merchants will be found file In
the Treasury Department. recommending the very plan
adopted, and also the sors Afterwards leased by the
government for warehouses, as the most suitable But
said the project was one and II errors were com
mtted In establishing II, individual perhaps be
blamed, or held responsible Tor them But the itself
will never be felnquished by merchants. Commerce
and commercial men derive with all Tvs present mpereo
up Improve and perfect IL is now all that Is desired
and would be Jealous for those
the very parties who mainly creating
the present lan Fortunately there established, and
10 connexion with tho stores, free system
which fully meets the requirements and OF the
chants where merchandise secure han in govern
and instead of being charge expense
treasury, affords actual profit, (which by the way,
should also be avo ded Oh these private bonded
then, there are some hyo or six at this port They in
the collecior for the fle and performance
their duties But make doubly sure the
ector selects from his faithful officers Of store.
keepers Of whom is stationed each store, who
ceives and delivers all the goods under precisely the
forms and regulations praotised by the
officers the government warehouse
will be seen, tefe fore, that there Is danger OF
loss goods the private Than the
stores or like the latter. they are under the direct super
vision OF customhouse object In ac the private
officer in charge the bonds given further security,
while the character OF the proprietor u also stake and
his whole success depends upon faithful and honest ds
charge Of his duties
Such, them is the private warehouse system which has
sprung up In this CITY within the last two years and while