New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-02-16
EVILS OF THE WAREHOUSING SYSTEM
THE TARIFF AND THE PHILADELPHIA
npIIn EYIHANGE

A specisl meeting Of the Philadelphia Drug Ex-
change held the Of the Association No IL
South Third street, yesterday morning. for the pur-
pose of considering the prot riety OF memorializng
Congress and urging the passage Of the pending tariff
bill The meeting was called TO order by jas Palmer
esq Secretary Of the Association, Chas. Ellie esq,
was called to the Chair, and VIM. Lucas, esq., ap-
pointed Secretary.
The Chairman, in few brief remarks, stated the
object Of the meeting to be TO take such means as
would be effective In securing the passage Of the
Morrill, Tariff bill without delay.
Mr.. ONi.l moved that Committee Of Five OF the
Drug Exchange he appointed 10 take into consideration
the r,s and demes Of the tariff BILL and report at
further meeting of the Association.
Mr.. Palmer explained that the object Of the present
meeting war to take into consideration the proprety of
sending 10 Congress a memorial urging the passage of
the tariff bill. II is generally conceded he said that
that tariff would be great advantage to the City of
philadelphia. Immediate action was necessary be-
cause the City Of NewYork has forestaled the City
of Philadelphia 10 the warehousing system, and is
working against the bill that she may continue TO
import goods speculation.
Mr.. Palmer explained what he believed to be the
most important feature Of the bill viz: That II will
break up the old system of allowing importers TO have
goods on hand In the warehouse for three years.
Should the bill pass, this period will be reduced to
three months. In this way importers would not lm-
port unless they know that they have marset here
Among many American importers, there Is but little
objection TO the abolition OF the present warehouse
system. They complain that IL has constant tendency
demanded by the wants Of country, and that thus
unstable articles are rent here speculation, aud
eventually cold at ruinous price, which would never
be imported if the duties were promptly paid. The
European owners are willing TO pay the expenses OF
freight for the purpose of fully trying them in the
.ricBn market, but would prefer keeping them at
home TO advancing the necessary pay the duties
III this country and aferward running the rick Of remu
nerave sales In foreign commerce it is certainly
10 be desired that should make purchases FROM
abroad that are not dem nded by our legitimate wants,
and that shosld avoid far possible any policy
which has tendency enable foreign manufacturers
TO unnaturaly stimulate our demand for their goods
and TO almost force them upon against our will and
judgment.
Mr. Cabot, of the firm of Cabot e. Pemberton, also
spoke In favor Of the appointment Of such Committee
would thoroughly Investigate the subject, and re-
port to the association that the members could
advisedly lie thought that there were great many
present who bad not even read the bill.
After some further debate the motion TO appoint the
Committee agreed to, and the following gentlemen
were appointed by the Chair: j. Linsay 0'Neil, John
NJ. Maris, John nj. Whitall, Mitchell Rosengaren, and
jos. Trimble