American provinces, adjoining the United States, which shall have been duly entered, and the duties thereon paid or secured according to law, at either of the ports of entry in the collection districts situated on the northern, northeastern, and northwestern frontiers of the United States, may be transported by land or by water, or partly by land and partly by water, to any port or ports from which merchandise may, under existing laws, be exported for benefit of drawback, and be thence exported with such privilege to any foreign country: Provided, that such exportations shall be made within one year from the date of importation of said merchandise, and that existing laws relating to the transportation of merchandise entitled to drawback from one district to another, or to two other districts, and the due exportation and proof of landing thereof, and all regulations which the Secretary of the Treasury may prescribe for the security of the revenue, shall be complied with. COMMERCIAL RELATIONS OF THE UNITED STATES WITH MEXICO. R. J. Walker, Secretary of the Treasury, under date of the Treasury Department, June 30th, 1846, has issued the following circular to collectors of customs and other officers of the customs: The circular of the Treasury Department, of the 11th inst., contains the following paragraph: By the law of nations, as recognized by repeated decisions of our judicial tribunals, the existence of a state of war interdicts all trade or commerce between the citizens of It consequently follows, that neither vessels nor the two nations engaged in the war. merchandise of any description can be allowed to proceed from ports or places in the United States, to ports or places in the territories of Mexico, with the exception of such ports or places in the latter country as may be at the time in the actual possession of the United States forces." Matamoras now in the actual possession of the forces of the United States, and perhaps other ports and places on the same side of the Rio Grande. In case of the application of vessels for clearances for the port of Matamoras, you will issue them under the following circumstances: 1st. To American vessels only. 2d. To such vessels carrying only articles of the growth, produce, or manufacture of the United States, or of imports from foreign countries to our own, upon which the duties have been fully paid; and upon all such goods, whether of our own or of foreign countries, no duties will be chargeable at the port of Matamoras, so long as it is in the possession of the forces of the United States. In issuing this order, it is not intended to interfere with the authority of General Taylor to exclude such articles, including spirituous liquors or contraband of war, the introduction of which he may consider injurious to our military operations in Mexico. Foreign imports which may be re-exported in our vessels to Matamoras, will not be entitled to any drawback of duty; for, if this were permitted, they would be carried from that port into the United States, and thus evade the payment of all duties. Whenever any other port or place upon the Mexican side of the Rio Grande shall have passed into the actual possession of the forces of the United States, such ports and places will be subject to all the above instructions which are applicable to the port of Matamoras. COLLECTION DISTRICT OF CHICAGO. AN ACT TO ESTABLISH THE COLLECTION DISTRICT OF CHICAGO. Be it enacted by the Senate and House of Representatives of the United States of America, in Congress assembled, That a collection district be, and hereby is established upon the western shore of Lake Michigan, to be called the district of Chicago, within which the port of Chicago shall be a port of entry. The said district shall include the territory, harbors, rivers, and waters on the western shore of said lake, from the line dividing the States of Indiana and Illinois, northward to the town and river Seboygan, and inclusive of the same, which are within the territory of Wisconsin. A collector shall be appointed for the said district, who shall receive the same amount of annual compensation as the collector of the district of Michilimackinac. NAUTICAL INTELLIGENCE. LIGHTS IN BANKS' STRAIT, VAN DIEMEN'S LAND. REVOLVING LIGHT ON SWAN ISLAND. THIS light, which has been recently established for the purpose of leading through Banks' Strait, revolves once in every minute, and then shows a brilliant flash, of 24 seconds in duration. The tower is 74 feet in height; the upper part of it is painted red, and the lower part white; the lantern stands 101 feet above the level of high water, and the light is visible at the distance of 15 miles. It bears from Black Reef N. by W. } W. magnetic, 9 miles ; Cape Barren, S. W. by S. magnetic, 24 miles; Look-Out Rock, S. E. by E. magnetic, 10 miles. FIXED LIGHT ON GOOSE ISLAND. A light-house on the southern part of this island has been completed, and the light will shortly be exhibited. From thence, the above-mentioned light on Swan Island bears S. E. S. magnetic, and is 30 miles distant. BERMUDA LIGHT. On the 1st of May last, a revolving light was established on the southern part of the island of Bermuda, in latitude 32. 14. N., and longitude 64. 51. W. Every minute, it brightens up into a strong glare, which continues for 6 or 8 seconds; and which, being 365 feet above the level of the sea, is visible at the distance of 7 or 8 leagues; and from all round the horizon, except between the bearings of N. 64 E., to N. 74 E., where it will be intercepted by high land. Within the distance of 7 miles, a faint but permanent light may be seen between the brilliant flashes. At night, or in thick weather, it is advisable not to make Bermuda to the northward of 32. 8. north latitude, until the light or the land is seen. In coming from the eastward, the light should not be brought to the southward of W. by S., nor approached at night nearer than 6 or 7 miles. In coming from the westward, the light should not be approached nearer than 12 miles, unless first brought to bear to the northward of N. E. by E. A vessel making the light to the southward, should haul off immediately, as reefs extend from it to a distance of 16 miles to the northward. PORT OF LANCASTER, ISLAND OF WALNEY. On and after the 10th day of September, 1846, the light on the island of Walney will revolve in four minutes, showing a bright light every minute, in place of, as heretofore, one every four and a half minutes. A stationary tidal light, red, will be placed on the South Point, on the said island of Walney. These alterations are sanctioned by the Board of the Trinity House. NEW LIGHT-HOUSE AT SCILLY. The Trinity Board have determined on erecting a light-house on the island of Rose Vear; after completing which, the present light on St. Agness will be raised 30 feet, in order that it may be distinctly seen to the eastward of the island. JOURNAL OF BANKING, CURRENCY AND FINANCE. INCORPORATED BANKS OF THE STATE OF NEW YORK. THE following is a list of the incorporated banks of New York, showing the time of their incorporation or renewal, when their charters expire, and the amount of capital of each : Names of Banks. Time of incorporat'n 30, 1834 January 1, 1864 10, 1836 1, 1866 30, 1829 1, 1855 America,.. February 1, 1831 22, 1829 Chenango, 29, 1829 1, 1856 120,000 Genesee,... 29, 1829 Geneva, 22, 1829 1, 1855 120,000 22, 1829 January Newburgh,....... 29, 1829 New York,... January 29, 1831 17, 1832 Orleans,..... 30, 1834 21, 1836 7, 1830 16, 1832 January Salina,. 20, 1832 the State of N. Y.,... May 18, 1836 22, 1829 Utica,..... 22, 1829 1, 1850 Whitehall,...... 600,000 Brooklyn Bank,.. Broome County Bank,........ Butchers' and Drovers' Bank,. 8, 1830 The following is a list of banks subject to the safety fund law that have become insolvent, and the amount contributed and paid out of that fund to the creditors of such insolvent banks : 200,000 5,208 22 Commercial Bank of Buffalo,. CUSTOMS REVENUE OF LIVERPOOL. The customs revenue of Liverpool, for the quarter ending on the 5th of July, 1846, exceeds that of the corresponding quarter of last year by £127,217; the return for 1845 being £817,279, and that for 1846 £944,496. The receipts for the past month, however, include about £120,000 under the new corn duties. REDUCTION OF THE NATIONAL DEBT OF ENGLAND. The sum of £598,765, or the fourth of the surplus income of the United Kingdom, including interest on donations and bequests, is to be added to the reduction of the national debt. MICHIGAN STATE BANK. As the notes of this institution have a circulation in New York, we subjoin the semiannual statement of its condition on the 30th June, 1846, as made out and sworn to by its cashier, A. H. Adams, Esq., on the 13th ultimo :- Judgments, mortgages, state stocks, and other securities, $112,680 41; produce, $3,540; value,.... $63,322 01 Capital stock belonging to the bank,.. 4,504 00 Furniture banking-house,.... 150 00 Bills discounted, chiefly on New York and Boston,..... ................. 63,762 45 Banks and bankers,...... Coin, and notes of specie-paying banks,......... Total,.......... Capital stock,.... Profit and loss account,... Liabilities before 1st March, 1839,... Old circulation, before 1st February, 1839,.... Deposits,...... Circulation,...... Total,.......... $98,930 00 3,518 95 3,242 81 4,914 00 468 76 24,896 74 28,343 00 $164,314 26 REVENUES AND DISBURSEMENTS OF THE EAST INDIA COMPANY. In a British Parliamentary document, recently published, the home accounts, and accounts of the territorial revenues and disbursements of the East India Company, are given. The receipts on account of the government of India, of the home treasury, from the 1st of May, 1845, to the 30th of April last, were £4,316,831 14s. 3d.; which, with a balance in favor on the 1st of May, 1845, of £1,290,787 18s. 11d., made £5,607,619 13s. 2d. Of the receipts mentioned, £50,000 were received from Her Majesty's government on account of the expenses of steam communication with India. The disbursements in the year were £4,259,135 6s. 4d., leaving a balance on the £5,607,619 13s. 2d. of £1,248,494 6s. 10d. Among the disbursements is one of £125,000, made "in consideration of the transfer made, under treaty, with the king of Denmark, of the Danish settlements on the continent of India, with all the public buildings and crown property thereunto belonging, to the East India Company." Another disbursement in the year is £97,891 11s. 11d. as "services chargeable to Her Majesty's government, (including £62,156 17s. 10d. for the payment of the China donation batta.") The Company agreed to pay a portion of Her Majesty's mission to the court of Persia, and £12,000 is put down as their portion. The salaries of the Court of Directors amount to £7,576 3s. 3d., and the contingent expenses of the Courts of Directors and Proprietors, &c., to £25,210 18s. An estimate of the receipts and disbursements for the year 1846-47, is given in the return. The receipts of the home treasury are estimated at £4,092,668; which, with a balance, on the 1st of May last, of £1,348,494, makes £5,441,162. The estimated disbursements are £4,360,840, leaving a balance at the end of the year (30th April next) of £1,080,322. It seems that the establishments of the East India Company in England give employment to 449 persons, whose salaries and allowance amount to £118,387 in the year. From the accounts of the territorial revenues in India, it seems that the total revenues and receipts in India, in the year 1844-45, (partly estimated,) were £17,161,119; which, with other sums realized in England, &c., made £17,743,318. The total charges in England, in the year, were £15,258,106; which, with £2,485,212 to be disbursed in England, made the sum mentioned on the credit side of the account as the total charges of India. The accounts rendered by the Company, under the act 3 and 4 William IV., cap. 85, sec. 116, extend to 31 folio pages. |