The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-01-12

i Congress.
The House of Representatives. have at length elected
Clerk for the present Congress Onthe third ballot which
was taken yesterday, Thomas Jefferson Campbell, III,
Clerk OF the last House OF Representatives received II:
Votes, being majority Of the whole vote that he WA
| duly elected. The able and accomplished Forney, O
Philadelphia was defeated. By reference to the pro
ceedings in another column it will be seen that Mr.
Campbell received the votes OF eight democratic members
The House then proceeded to elect Sergeant Arms
and. after two intellectual ballots, adjourned until to-day
sephisnas ~ the monopolistsThs Profound
phy Of Mr.. Meredith Edxaminsd.
Some days since we had occasion to comment upon
and show the faacy OF the following proposition enun-
cated with great parade and ceremony. though Il were
gem Of wisdom novel il was profound. in the late
\ report OF Mr. Meredith 10 Congress- viz
IAN history shows that whers the workshops OF the
world be the Of the world and the heart
weah, commerce, and power Ii Is vain hope
make these by providing warehouses, il would
be to make crop by building barn"
This problem in political economy announced with
pomposity grave enough to impress superficial reader
with the idea that there was profound and hidden
philosophy at The bottom Of it, is intended to be leyelled
two objects first and ostensibly al the warehouse
system and. secondly, at the system Of liberal
party.
In order to bring this tremendous boadsde Of wisdom
and logic to bear upon the warehousng SYSTEM the Sec
rotary falls into the very papabe and ridiculous error OF
supposng that there il some party person. in the
world who contends for the absurd doctrine that
houses. warehousng system, can create commerce.
Now, we would respectfully inform the Secretary that
know OF no man besides himself, or il may be some
lunatic member Of his own party. who believed.
supposed. conjectured, or commended that public ware
houses created commerce. We know of no individual
Of the democratic party who contends for such abb
surdity
On the contrary. the friends Of the warehousing sys-
tenn view it in entirely different light. They look
upon the System only convenience Of commerce Such
system is convenient for two purposes first, to en-
able merchants engaged in foreign trade to get along
with less amount Of capital than they would find
necessary under system OF high cash duties. which
even the present. tariff is to a great extent. 1t
enables importers OF foreign commodities for con.
sumption in the country to deposite them in public
warehouse until they wanted, thereby saving the
trouble of paying the duties As the dutes on an aver
age amount to nearly third part of the original cost
Of the commodities imported, the merchant is enabled
by the accommodate Of the Harehouse to do the same
amount Of business h at least per cent less capital
Under the present SYSTEM he is not Obliged to pay the
whole amount Of duties due on his cargo when his YES
sci arrives but he put that part Of it which he does
not want for immediate sale into the public warehouse
and thus the Of that portion Of his capital
which he would otherwise be compelled to advance
for duties. This is great convenience to the wealthy
merchant, but. under the present system of cash
duties, it is Of vastly consequence 10 the young
merchant commencing business with limited cap
ital at his command Furnishing these accommodations
to the merchant. the waehousng system unquesonaby
fosters and encourages the foreign trade of the country
and thus very possibly neeres with the interests OF the
manufacturing monopoiss Here where the shoe really
pines and hence the assault of the profound and pho
sophie Secretary upon ii.
But the warehousng system furnishes other accommo
dations to merchants, will when it is perfected, and
made to confer all the benefits Of which is capable 1t
enables merchants trading the distant countries OF the
world to receive. in exchange for the commodities which
they export, the products Of those countries, and
to bring them to our own ports, even II they may
not be wanted for consumption The warehouse, I'M
der such circumstances, furnishes safe place OF
depose for such products relieving the merchant from
the payment Of duties from which place Of depose they
may be taken and transported to other countries where
they wanted They enable the merchant to make up
assorted cargo, when he desires send to another
country various commodities adapted to its consumption
Under the warehousing SYSTEM this be done with
the trouble Of entering and paying duties articles
imported II has. in this respect, great advantages
the debenure and drawback system; which. we sup
pose the monopolists advocate substitute for IT,
Thus well-regulated and well administered system OF
warehousng facilitates, and TO extent enlarges, the
field Of Such is pe-eminently the with
the warehousng system OF Great Britain. Her system
makes her ports and docks the great enpos Of the com
merce Of the world As system is perfected our in
,eress developed, and the circle Of our trade enlarged,
we shall derive the same benefits from the system as
Great Britain now derives from hers
Now, il is unquestionaby true. TO very considerable
extent as the learned Secretary remarks that II is vain
to hope that the mars OF wealth. commerce. and power.
can be created by merely providing warehouses. No
merchant supposes that warehouses could work such
wonders. No intelligent man ever dreamed Off And
no suggested it, before il done by the pro.
found philosopher the head Of the Treasury De-
partment We all know that barns do not create the
products Of the farm with which they are filled and
no fact Is more obvious to the farmer and no fact is
more apparent to every merchant and every man who
has common share Of intelligence that warehouses
a. r. Ia