The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-03-22


Yrss Railroad, Nj Harlem, vi Canton, 4. Money Is
very tight I'm Wall street and the outdoor rates
ssyssiy risisg. There more shinning and ktsins
- the street. yesterday than has bssn known at ssy
prsvious time within the past two years. Tho banks
have given the screws pretty heavy turn, and many
spscuistors have been severely pinehed. 1t IL ex-
eeedtpeiy difcult to raise mohey the HYPOTHESIS
tSon Of ancy stocks and the probability 10 that prices
viii tosch lower points
The receipts at the ooe Of the assistant treasurer
Of this port to day, amounted to Slos7ie rs; pay
nents, $le4,sls t5-balsnos 50 4os, os4 %.
II appears by . tss srsphic dispatch, published In
this friday mornings Herald that the Secretary OF
the Treasury IL stn undecided to the correct con.
struoton Of the Apprsissment BILL passed 1t the last
session OF Congress- The Secretary Is evidently dis
posed to 90 cspstrue include freight among the
sAarses addsd to the cost Of merchandise importsd
bat he may have doubts to the proprety OF altering
the Interpretation which has 80 long prevailed. I'll
veposted that there letters In town. from Washing
son stating that the Secretary Of the Treasury had
decided that charges for freight wsuld be included In
the cost OF merchandise and duties levied according
~ It is impression that such viii be the result Of
the discussions in the cabinet upon this point. The
Secretary OF the essury dspoied to construs any
sw relative to the tariff asfAvorAby possible for the
manufacturing interests Of the country ct large The
tariff bills Of l842 and 1846 and the apprasemen bill
q 1851 leave plsntyo loom forany construction aud
- far - the reading Of either bill Is concerned the
Secretary can with equal proprsty include exclude
charges for freight 1t has been said, with great
deal Of truth, that there Law passed bat
what flaw could be found in It. and this is by
means exception. We annex the sections from the
three bills, in relation to this portant point -
TARIFF or lS4l
Bee 10. 1t shall be the duty Of the collec-
or within who're district the same shall be imported
or entered to the actual market value whole
ale price thereof at The time ohen parchdsed In the
principal markets OF the country from which the
sha have been imported into the United States or OF
the ysrcs parcels quantities the may be- to
b appraised estimated and sscertaned and to such
paiIe price, 10 BE- ascertaned IN The prordsd in
this cst shah be added all costs and charges except su
and including charges for comaisons
al the usual rates, the true ra!ue at he Port 0here the
entered upon which dates shal be Gssessed
TARIFF or l8t5
6eo 8 "aLd TO AID thereto all costs and
charges which, under existing laws would form part
OF the true value at the port where the may b,
entered upon which the duties should be assessed.
And shall be the duty OF the collector within whose
disiriot the tame may be imported or entered, to
cause the dutiabla value AZ such imports to be ap
Ir.is.d, e,timsted and ascsrtained, in accordance
with the provisions of existing laws
srrnAIsrMENr BILL. 1861.
Sec L. 1T shall be the duty of tina
collector within whose district the shall be i'm
ported entered TO the actual market value
whoessle price thereof at the period Of the erporta
tho country which the same shall hays been i'm
ported into the United States to be appraised esti
mated, and s.certaped end 10 such raie price shah
bs added all costs and charges, epeept rcncs, and
sidDg in eperV charg, r COMMISSIONS, at the usual
rsfss as the true raie at me port whe me same may De
entered, upon ,chich duties shall be asseSed.n
1t will he by those extracts from the bills that
the only actual difference in the meaning aud
sructon where provision is made for the place and
period Of apprasement. The way in which chan
dire shall be appraised Is the In each bill We
have ialicised the words referring to that point and
we zee nothing compulsory one way or the other, in
relation to the item of freight In the lis. OF charges
The question arses, what Is cant by the expression
al cost and charges and why .hould exception
b made OF the item Of Insurance not intended
10 include any item but that 1t will ALEC be that
- Is expresly stipulated tina. charges for commis
sions shal be included In the csst 1t appears to
that II all charges for freight not included, "a
exception would have been made similar to that made
an regard to insurance Should the Secretary of the
Treasury decide TO include freight in the list of charges
and there Is no reason why he should motto
- added to the cost Of goods, 1t will have very ia
versbls inhaence upon the shipping interests Of this
port and give greater advantages In controlling
the foreign import trade Of the country than a.
present enjoy As the amour. Of freight added to tn
o0s. of goods would be only that actually paid,
Solovs that goods imported into the port whore the
lowest rates of freight ruled would have advantage
ever those imported into other ports. New York
would, therefore, be the point to which nearly all
tho foreign shipments would be made the extent of
sAippng here engaged In foreign trade Is much
greater than any other port that goods could be entered
cheaper here than ct any ether port In the country
In the event of the decision being ade alluded to
Dan Francisco would stand very poor chance in tn
way Of . direct trade with Great Britain or any Eu
ropean nation. The freight shipments from Lon
don or Liverpool to San Francisco, would be nearly
or quite large the original coet Of the goods
vhicb added to the cost would double the amount OF
duty levied. The shipping interest of this city and
the manufacturing interests OF the country at large
snxiousy looking for tho decision Of the Treasury
Bspsrmsntment in rslsisn to this point !. appears
by telegap hic aivices nom Washington that the cir
eular relative to this matter will not be Issued until