, 1870-02-25

commuuings Of two papars-one Of Boston !
aud the other Of Pbiladelphia-orar the
probable passage of the bill allowing the |
transit ct imported goods in bond to Gin
cmnatt, Chicago, and St, Lou's. It is ludi-
crous to read the objections, poorly hidden
under an ah hectation Of Indifference, by which
the Journals Of these two citisH, neither Of
which has any import trade in goods de-
signod FUR Western distribution, seek to de-
fend q monopoly which enures solely to the
benefit Of New York importers and New
York Custom House thieves. Without
looking at their customs returns, they az
sumo that they, being on the seaboard,
have some rights which tho proposed bill
will interfere with AZ wall might Coney
Island, Squam Beach, Cape May, or Long
Branch object to a bill allowing Chicago
importers the rights which they ask.
But, cay these critics, "See how much
uore capital We have, and how much
greater natural advantages we q. e., our
neighbors in New York; possess fos thiB
branch OF industry. Why, 1t is as much q
natural Law Of trade that We shau import for
you as that you shau raise Wheat for u.s."
Nov no act Of Congress can LESSEN the
amount Of eastern capital, change the
contour Of the Atlantic coast, or reverse
any natural law Of trade. Therefore, il
these give monopoly Of the import trade
to New York, the bill before Congress can
do nobody any hsrnn. It il only that por-
ton Of the present advantages enjoyed by
the New York Importers which is purely
Legislative in its origin that the set Of Con-
| grees proposes to affect
| To illustrate.
cn,csap Imported dnectsJ foreign goods
IN 1869 TO The value eor-....-.......-.-S LM91s3
And purchased In Other ctEes....-..... ss,9t5,6as
Toth... IN. eoa
With gold at 1eo, the gold value Of such
an annual Importation would be 1885,
$40, and, With an average Of SO per cent
tariffs on the whole, We find that $50, IeG,-
$50, or half the above, are customs duties,
and that as to these, II tie goods are i'm
ported under the existing law by New York
importers, the government stores their
goods for them, and waits for the duties
without interest unti! the goods are sold !;
whereas, il they are imported by Chicago
merchants, they uoust pay the duties in
|
and frequent pilfesing before they can put
them on sale in Chicago. Under such law
our direct inportations sre limited a1uloat
entirely to the petty imports from Canada.
The differences are that the Chicago
importers require twice the capital to do the
. game amount of business they mus
suffer total loss Of tho interest On hal
The capital represented by the value Of Ii
n goods while they arc on sale; they canno
e keep their goods in bond in a government
q warehouse and sell by sample, bat rnut
r. hire expensive etores, pay rents aud clerl
/; hire; they must submit to indignitios an
e. theft in getting through The New York Gu
a tom House; and, finally, they must p'
Of their goods on sale regardless Of The d
as rnsud and supply in the market, else Il
of loss of interest on half their capital, acc
Ve nulsting, will mora than eat up all prof
Us they could e1pect from rise. In short,
II such a volume Of bnsineas, the New Yo
on importers have the advantage over tht
ng Chicago competitors Of having $50, ,ooo,o
Il loaned them by government without init
kor est, Of avoiding heavy rents aud clerk-hi1
and commanding the markets All oi the
advantages are the effects Of Legislative q
-, aciment purely. The graater capital a
~ geographical position of the Eastern cit
~ have nothing to do with it.
-. We believe in the bonded warehouse 3
~ TEN, but We say let its advantages be {
~ tended and equally distributed among
10y the supporting citiea> Then, il natural La
- conspue, IN addition, 70 prevent direct
n - ,