The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-02-06

only difference would be that, Instead OF allowing our
citizens 10 enjoy the profits OF this business instead OF
allowing manufacturers 10 enjoy the advantages
would be derived IRON concentrating goods upon this
continent, aud thus enabling them TO take assorted car
goes 10 any market al The world that advantage would
be exclusively enjoyed by the British merchant the Brit
ish ship owner and the British store -owner.
us not my purpose TO consume the time OF the Senate
but Ind the advantages aud benefits OF this warehous
ing system so concisely and truly sta ed by Nj.
Walker an has report upon that subject, that will ask
the indulgence oil the Senate Tor but a moment for the
purpose OF stating the Senate in the words OF that dis
ungushed gentlemen what the advantages and benefits
OF this system are lie enumera,es them as follows
"ls, the frcghts upon The importation Of the goods 81
4ih the insurance whilst deposle well as when im
ported or exported oh. the labor attending me landing
receiving aud resh pmepts including the wharfage dray
age, carriage craneage, hosting, slowing pn, backing
or IN s o sv sold and ehipped on eIe
account Sth the and compensation paid to clerks
arising from The extension Of erection Of
docks aud warehouses; l0th the augmented market for
assortmens and eighted abroad at cheaper rates. thus
augmenting domestic expectations well the profits
upon them Ill., the use OF capital credit and SPECIE and
the command OF the exchanges OF the world l2h the aug
mented home market for domestic products and fabrics,
arising from the Increase OF capital business and popua-
ton, growing out ci the warehonsng system There are
ceptlbe OF any accurate approximate estimate taking,
however those only where the data established ii may
10 he country o e on
than 20 per cent the value Of such goods stored for
and distribution.
IL Il
lecture OF an able man, upon subject in regard 10 which
he was well informed, and which he had studied aen-
lively and intimately and according 10 his conjecture
ths-20 per cent--is the profit which Great BRIAN is
making upon and deriving from something like $780,,
600 900 worth Of goods stored in her warehouses.
But, as said before, know that the consumption of
time would kill this bill even If produced by remarks in
It's favor and if those who opposed TO il deter
mined not TO give their support or 10 speak against it,
in the event that we retain this provision IN relation TO
extending the time for consumption, prepared to give
it up, if can only succeed in getting the other provisions
passed to-day rescrvng 10 myself the privilege, if
here and living, oil renewing at the next session the
question upon that single and Isolated proposition.
may be permitted 10 add however, that do so with ex
regret; for believe that at this time, when we are
engaged in competition with Great Britain for the
merce OF the world nothing can be important TO
than the providing OF these and facilities for the
purpose OF carrying on that commerce-nothing can be
important the cities Of New York and San Fran
cisco, which destined be the great commercial de-
pots OF this country upoa the Atlantic and Pacific sides
But as know that any extension OF this debate beyond
to-day might be fatal to the whole bill | say that if |
can only get the residue Of it passed. will be willing to
submit the modification of the one provision TO which
some objection has already been made if that opposition
MIR. GWIN. Do understand the honorable senator
from Virginia Mr. HUNTER 10 say that he is willing to
submit to modification OF this bill in the respect to
which he has referred!
MIR. HUNTER. am willing TO do that if there is no
other way OF avoiding strenuous opposition 10 it.
Mr.. GWlN. hope the honorable senator will adhere
to the bill as it stands. Why, sir, that is the great
point in the bill OF the greatest possible import
ance, and am sure we can carry II that senator will
only adhere TO H.
MIR. BUTLER And if you will not call up your rail-
MI. GWIN. am willing to vote on this bill now as
it stands hope the senator will adhere to H. and lie,
MIR. HUNTER. would much prefer not to yield to
The notifications and ii we can have vote upon il now,
am willing 10 do so.
Mr.. BRODHEAD / do not very well understand the
machinery of this warehousng system. But seems TO
me that this very dangerous extension OF it. If un
derstand this bull II proposes to make public warehouse
out OF every mans private sorehouse--t proposes TO
make public warehouses out OF private sorehouses.
Now, am not prepared to say that some bill of this
character ought to be passed. but confess that feel it
to be my duty 10 look into it, and examine its features
little more before agree 10 il
My honorable fread from Virginia Mr. HUNTER] says
that New York and San Francisco destined to become
the great commercial depots OF this country beg 10 dis
sent from that opinion believe that Philadelphia will
eventually become great commercial depot any in
this country and. besides that this bill for the benefit
OF those engaged in importing goods into this country and
ASH well known, those importers generally foreigners
NOW, do not object to foreigners engaging in business
IN this country. But when the capitalists OF foreign coun-
tries send their agents here for The purpose OF carrying
on their business, do not think ought to be very
particular IN extending the warehousng system for their
especial benefit; and do not believe that this bill will
become a law during the present session oil Congress
doubt very much whether will pass the House of Repre-
senaves IN view OF Tue late period OF The session and the
great amount OF other practical business before that body
do not intend TO oer any factious opposition 10 this
measure, or 10 speak Tor the mere purpose OF delaying 1t
disrust my Judgment when find myself differing
from my honorable friend from Virginia IT, therefore,
he will consent to strike the provision indicated BY
the honorable senator from New Jersey MIR. MILLERl
on yesterday, do not know shall nerpose any fsr
ther opposition TO the bill
Mr.. SEWARD ! hope the honorable senator from
Virginia, who has this bill in charge, will not consider
himself obliged TO accept the proposition just made 1t
is not my purpose TO debate this any length, but
merely TO declare, think am bound do, my convc
ton that Is not only right in ITSELF but that ii very
important BILL and that the provision objected TO is
which is very essential and without which this bill could
not be passed, If it ought be carried As 10 the
first objection made TO the bill, that extends the system
OF warehousng 10 the adoption of private warehouses,
have only 10 say that think that provision is the
importan, feature OF the bill believe would have
been better off at this day If we had never had any
public warehouses al all Our public warehouses have
been bullt at vast expense while other warehouses
furnished by private capital and guaranteed TO the public
by private profits and benefits would have been much
more economical system When this system of public
warehouses first adopted, The principal objection
to il upon the ground of the extent of the
pebdture IN the erection of the necessary buildings In
regard to the provision allowing storage for the period
Of three years. the system be right all is important
that the storage should be allowed for period long
necessary to prevent the necessity OF spasnodc i'm
porations IN consequence oil violent and sudden changes
in the market
shall not dispute with the honorable senator from
Pennsylvania Mr. BRoDHEhDl at this tine to whether
Philadelphia and San Francisco, or New York and San
Francisco, to be the great mars OF the OF
the world, For all practical purposes Philadelphia and