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The Warehousing Act of 1846, [1] was a commercial law that allowed merchants to warehouse their imports into the United States and thus delay tariff payments on those goods until a buyer was found. It established the bonded warehousing system at American ports and spurred the influx of commerce, particularly in New York City .
Mason Transfer and Grain Co., bonded warehouse on the South Texas Border. Taken by Robert Runyon sometime between 1900 and 1920.. A bonded warehouse, or bond, is a building or other secured area in which imported but dutiable goods may be stored, manipulated, or undergo manufacturing operations without payment of duty. [1]
The legal quays had not added any more frontage since 1666 and warehouse space was very limited. Congestion and delays were constant and chronic, with most vessels forced to unload while moored in the river rather than being able to moor alongside a quay.
In the United States, the SIC system was last revised in 1987 and was last used by the Census Bureau for the 1992 Economic Census, and has been replaced by the North American Industry Classification System (NAICS code), which was released in 1997. [2]
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United States President Woodrow Wilson proposed the Warehouse Act at a political nomination convention in Sea Girt, New Jersey on September 2, 1916: . For the farmers of the country we have virtually created commercial credit, by means of the Federal Reserve Act and the Rural Credits Act.
Traffic sign: Quayside or river bank ahead. Unprotected quayside or riverbank. A wharf commonly comprises a fixed platform, often on pilings.Commercial ports may have warehouses that serve as interim storage: where it is sufficient a single wharf with a single berth constructed along the land adjacent to the water is normally used; where there is a need for more capacity multiple wharves, or ...
Pages in category "Warehouse districts of the United States" The following 40 pages are in this category, out of 40 total. This list may not reflect recent changes .