New-York tribune., 1886-02-24
NO DUTY ON EVAPORATION
URGING AMENDMENTS TO REVENUE LAWS

| UNANIMOUS ACTION OF LARGE MEEIlNG VI MIN
cnANrS-soME ARGUMENTS USED.
A meeting OF merchants, among whom sugar
importers salt importers bankers storage men anu IN
suraLce underwriters predominated, was held at INC
Produce Exchange yesterday afternoon to CONSIDER wha'
action should he taken the passage OF the foo"
ing amendments TO Section of the tarif Dill introduced
by Congressman Hewitt:
Sc ton 297O-Any merchandise deposited IN bon 10 any
sumption within three from the date oi h
sub by law the tine Of such wlthdraTal' Proyideu
tAat ug herein shall AFFECT impair exlstng ptosstns
resiri to the disposal OF pcrshaoc or explosive
Gcfon 2oS3In no case shall there be abatement OF
the dun allowance made for any injury ia ot %
any public or private bonded WAREHOUSE Provided That
duty ssed merchandise Withdrawn from any sIn
warehouse @ assessed the quantity Wltnur u
thereIOm the time such withdrawal 0it no greser@ Az
S lea s fs or Sa OF allowed
domestic spirits o1nd And provided qrnG m n
aect tho ab ty OF the OF pSnae
heTn shall restrain or limit the exercise Of the authority
Of the the Revised Statutes. u WV
Forrest H. Parker, president OF the Produce Exchauge
Bank presided and John II. Lynch made secretary
Among others present who were made vce-presluents
were j. Pierpont Morgan, James W. Brown, Alexander
L. Orr A. Foster Higgins Franklin Woodruff. B. f. But
ler, Ira Bursey Henry o. Hayeneyer. Gustav schwap'
jeremiah p. Robinson, exMayor Edson Ambrose SNOW
X. b. Miniurn and J. NJ. Requa. Mr. Parker made an
address In winch lie said:
No one denies that duty of the Government to
protect the governed hence the merchants WI De pro
tected II the Government docs its duty. Nothing APP
pears absurd than to levy tax upoa that part
drawn lor consumption IL fire consumes 3oo NUS, noss
heads OF sugar In bonded dr,v w"reIUu,o mpnS
II, but If 800 pounds evaporatesl the duty upon
this ia collected IN other words the GoyernmepI
collects n duty upon evaporation bnt not upon smoke
The present law offers premium TO store properly out
Of the country. It requires demonstration 10 prove
4 hen "A
stored in this large extent and, unless the
Government clearly and positively snow taa 1t Is
detrimental to the general welfare, it should be ex.
tremy euient in tho limit OF time when payment must
be made.
OsgOod Welsh then presented the following resoiuIohs
which were adopted
Wher,as Sections 1870 and 2os3 of the Laws OF the
United force require all merchandise 10 10 @ De
additional 9uty OF per cent Ii not
WheIea Duties on all meTehtndsg are now & ssssso sc hse
laws ~ serious 70 impair the and commerce OF tnis
country By preventing the Importation o. m,rcIanse un %
actually for cons mptol because OF the extA uuy
incurred after year and becaue OF ne duty pla apon
m,rcnands lost thro gh nA Al shrnkaRe between me tle
OF importation and withdrawal which thus u)usuy AS
nc'Sas Foreign countries in such regulations are
not IN fore are thus made me storehonses I0r @ np
commercial tey opmont hln cred an . - o,,- % com
pete with oree eonne: ~ tr1de ana S9mmeIGs& & n o 10
nechanlse Of those co olate, Ih II sn1nH og 'nloe
HheeGs section previously gwen o. Tie @ 3li 70 Cly
OF The revenue evils Therefore DC ~
R-sorc rnat w. merchants OF 0rk repre- senuhs
the yaron. inter ats O'this country, 90 heIeOF
recognize appreclt; the necessity o the pro
tue laws, aud thAt Con scss De uHeu w
adopt said section D. above referred TO-
BENJAMIN t. Hitcn seconded the resolutions, saying:
only obiec, king limit to the BONDED period as
% fix GATE whom the inercnanl
who has bUuded ms goods, shOul pay the duty thdn
there TO date To Import them. But halt lodt
Ia better than bread One Of the great errors Ot to
laws Ia that they are irinnriled with All SORTS
regulations, surrounding tho importing business win
difficulties that maze importers feel that they are con
sderrd KIND OF criminal class. enkasod III a. us us
reputable pursuit Commerce Is not encouraged ny tue
present laws In fact jhry discourage merchants from
Importing except for immediate consumption and make
that ~ troublesome as possible. The proposed
amendments would do much TO extend the com
merce OF tho country Merchants should not he
required to pay duties upon Imports Ill tney enter
into consumption.
Samuel f. Blagden, representing the Board OF Fire
Underwriters pledged the support OF that body In the
passage OF Mr. Hewitts bllL A. B. Miller. Gustav
schwab Be0n Lockwood aud +. Il. Bartlett also made
addresses of tho bill aud the resOlutiods H. D
Hitch. Charles VI. Frye. OsgJOd Welsh. = T. Blagdch
aud Franklin Woodruff appointed 10 report the
action OF tho meeting To Cungrcss