The New York herald., 1872-08-02
Rush of inspectors to the
Custom House.
How the Ten Per Cent Reduc-
tion Works.
Great Activity Among the Bonded
WarehOusemen.
Two Million Two Hundred and Eighteen Then-
=, sand Dollars Collected in One Day.

On tho 9th day OF juno the new and amended
tarin which reduced taxation on imports about
seventy millions OF dollars signed by the Prest-
dent OF the United States and became law from
on and after the lst OF August, 1sT2 Between the
period of June 8 and yesterday business ut the
Custom House was comparatively light in the duty
paid department., but very heavy III warehousng
goods, inasmuch as importers awaited patiently
the day when they could withdraw their goods from
bond at greatly reduced impost duties This very
fact may also account for the stagnancy In CON-
mercial circles. Buyers held Off TO be benefited by
q reduced cost OF imported goods, and sellers ro-
Trained from releasing their importations by an ex-
pected saving OF ad valorem taxes.
The long -ioOked-for day at last arrived, and
brought with 1t crowd OF anxious merchants and
brokers' all of them eager to be "lrst to be served
AS early as hal:past six In the morning the ofice
OF the Deputy Collector of the Third division, In
which the warehOusing business Is attended TO-
was opened and, early as was the hour, numerous
visitors were already in waiting by nine O'CLOCK
In the neignbOrhoOd OF one thousand people were
stationed In row to receive their permits, and as
each obtained his documents he departed on his
way rejoicing.
The 0.Odus opera,sdt Of withdrawal is as fol-
ows-After the entries are passed by the Collector
and Naval Oficer they are taken to the cashier OF
the Naval Office, who puts them on the cash list.
Thence they are taken to the cashier OF the Collector
and the duty paid. There the entry is retained
and the permit is checked, which check is the
authority for any collector to sign. The
permit Is then returned to the
Deputy Naval Ofhcer and Deputy Collector who
note the cashiers checking. Everything being
now done that Is required from the ponderous sys
TEN the importer or broker receives his permit
nom the deputy collector of the third warehous
ing department and the goods are free. The Col.
lectOr, with a great deal Of foresight and antici
patpg great rush on the 1st instant, gave orders
to his deputies to facilitate the business of i'm
rortvrs as much possible before the day arrived
on which the new law took effect, consequently
some four thousand withdrawal entries were made
pS Meas The oer
similar instructions to his subOrdinates. The con-
sequences OF these proper proceedings were ap
despatched In the Custom House yesterday, from
early morn until late In the evening
The following order covers the 0flcial prepara-
ti0n for.this unusual business
Cusrox nousr. NEW YosS.,
and .r tho snsyoas ss day IF orrsh Hy 81 s
entries s s s0sa sss on SSs q ss h e@ Gs
tSss ies date. sSsrson Sy ths
ssio Or ssssn 6 as "i S sH the
dutes on such entries been xed and stated
@ In the ~ Rs
This order had the most effect ON the Deputy Col
The rate OF duty on each entry, which was by no
means q small JOB. So well have these gentlemen
done their work that not the slightest objection
was raised by importers as to the amounts appor-
toned on the invoices.
The cashiers department came in for its share Of
labor: but, as general thing, each entry being
made out properly and the amount TO be paid
being previously ascertained all there remained to
be done was TO hand over the requisite amount Of
gold certificates receive q receipt and the labor
was ended
The following are some Of the larger sums paid on
withdrawals
A T. Stewart S25 0OO