616

.....

364
477

Nautical intelligence. 111, 234, 365, 494, 613,
Newark, New Jersey, condition of banks of. 722
Newfoundland, population of........
767
New York, census of.......
132

manufactures of State of........ 381
population of...
261
city banks, capit'l, divid'ds, prices 341
city weekly bank returns,

132, 261, 388, 517, 642, 765

Port Cudillero, coast of Spain, fixed light at. 739

Port Zebu, Philippine Islands, light at... 496
Port Jackson, Australia, lights at..
Porto Rico, tariff of
Portland, Maine, finances of...
Portsmouth, New Hampshire, finances of ... 475
N. H., rock off the entrance to. 738
Post-office, statistics of the United States
870
department, rec'pts & expend. of. 748
Post-offices of Switzerland.
118
Postage revenue of different countries..

66

66

619

to Spain, prepayment of, optional... 747
Postal department.... 117, 241, 369, 501, 619, 746
revenne of the United States
118
revenue of the United States, 1858 746
Power of brokers to sell or pledge, (law case) 577
846 Prices in 1857
266
212 66 in 1857 and 1858, the history of... 772
347 Princes and Horse Channels, River Thames,
292 removal of buoys at.
618 Principle and industry..
481 Printing, improved process in....
Promissory note, action on....
Providence bank returns, weekly,

66

90, 213, 343, 466, 593, 717
city banks, quarterly reports of,
since the panic..

600

66
66

valuation, population, and tax in

city of.....

bank dividends for July.

assay-office..

738

New Jersey, finances of..

New Orleans, commerce of

.... ...

Non-delivery, action for......

Norfolk, Va., vegetable and truck trade of... 733
North American Provinces, the....
North Carolina, finances of..

472 Quarantine reform. By Dr. A. N. Bell...... 450

North Hinder Bank, Holland, light-vessel off. 739

MERCHANTS' MAGAZINE.

Established July, 1839, by Freeman Hunt.

VOLUME XXXIX.

JULY, 1858.

NUMBER I.

ART.

CONTENTS OF NO. I., VOL. XXXIX.

ARTICLES.

PAGE

I. INDEPENDENT TREASURY SYSTEM. Present System of the Federal Treasury-

Working of the Act-Objects of the Bill-Sources for Supply of the Metals-Places of

Import-Mint at Philadelphia - Legal Tender-Demand for Coin-Amount of Revenues

-Accumulation of Specie - Imports advance the Duty-Accumulation of Specie sup-

posed an Evil-Deficit in Revenue-Treasury Principle applicable to States-Act of

Ohio-Revenues of Ohio-Distribution of Coin-Revenues of Thirty States-Whole

Amount to be collected-Bank-notes in Circulation-Small Notes-Mode of Ascertain-

ing the Specie in the Country-Table of Supply-Amount in the Country-Immigrants

-Amount Brought by Each-Silver Coinage-Supplies by Immigration -Circulation of

the Country-Specie to Bank-notes-Working of Ohio Laws-Banks of United States-

Individual Notes-Value of Cotton Crops-Specie takes place of Paper Currency fur-

nished by Banks-Net Circulation

II. MERCANTILE BIOGRAPHY-LIEUT. GENERAL SIR WILLIAM PEPPERRELL,

BARONET. By G. A. WARD, Esq., of New York

19

27

III. COMMERCIAL AND INDUSTRIAL CITIES OF THE UNITED STATES.-No. LV.

BOSTON, MASSACHUSETTS. First Settlement-Area of Peninsular-First Occu-

pant-First Venture by Sea-Population and Valuation-Increase of Population-Pesti-

lence-Difficulties Encountered-Progress of Population-Proportion of Foreigners-

Compared with New York-Valuation in 1638-Extension of Trade-Effect of War-

Return of Peace - Freights-Impulse to Trade-Revulsion in 1836-Bankrupt Law-

Gold influence-Rapid Increase in Trade-Manufactures, 1845 and 1855-Aggregate

Manufacture-Savings Banks-Banks of Boston-Capital and Dividends-Private Bank-

ing Capital-Commerce and Bank Loans-Decrease of Bank Facilities-Board of Trade. 41

IV. THE ADMEASUREMENT OF SHIPPING. No. III. The Basis of a Just System-

Tonnage should be founded on the broad grounds of Utility-Public Wants and Govern-

ment Requirements-Both Internal and External Admeasurement demanded-Induce-

ments to evade Tonnage and slight the construction of Vessels under partial Rules -The

material qualities of Vessels should not be prejudiced by Admeasurement - Thickness

of the Shells of Vessels-Ratio of shells to Internal apacity-Some ships built for Bur-

den and others for Stowage - Disproportion of timber in the Hulls of sharp and full

Vessels - Advantages given to Thin-sided Vessels by External Measurement-Advanta-

ges given by Internal Measurement to certain classes of Thick-sided Vessels-Unequal

Advantages given to Steam and Sailing Vessels by partial Tonnage-More Dead-weight

Cargoes carried in this Country than in England - The true way to deal with Ship Ton-

nage-External, Internal, Sheil, and Mean Tonnage-Great Britain's Internal System

recommended for adoption - A similar External System proposed to be used in con-

junction-Folly of making the Rules too simple-A new branch of Surveyorship in the

Customs-What England has done--An International System--Epitome of English Rule

--Its application for External Tonnage-Exemption of Engine-room from Admeasure-

ment--An evil affecting American Commerce. By W. W. BATES, Esq., Naval Architect,

of New York....

V. DEBTS AND FINANCES OF THE STATES OF THE UNION: WITH REFER-

ENCE TO THEIR GENERAL CONDITION AND PROSPERITY. No. XII.

WISCONSIN. Tract of Country--Latitude--Boundary-Surface of Country--Rivers-

Portage Canal-Lake Shore--First Settlement--Territory--Erected into a State--Grant

of Lands--Area--Distribution of Lands--Annual sales-School Lands-Population and

Valuation--Revenues and Expenses--Products of the State--Value-Comparative Pro-

ducts--Railroads--Land Grants-Corruption--County Loans--Law of Foreclosure-

Banking Law-Banks--security for Circulation--Hard Currency Advised, etc.... .....

JOURNAL OF MERCANTILE LAW.

Admiralty--Damages to Cargo--Deposition--Stowage.

Bottomry Bond, Laches-Right of Sheriff to Intervene.

Lien-upplies-Meaning of the Word Port-state Law..

Jurisdiction-Freight-Cartage of Coal.-Salvage--Derelict.-Supplies-Lien

COMMERCIAL CHRONICLE AND REVIEW.

49

62

71.

73

74

75

EMBRACING A FINANCIAL AND COMMERCIAL REVIEW OF THE UNITED STATES, ETC.,ILLUS.

TRATED WITH TABLES ETC. AS FOLLOWS:

State of Business--Accumulation of Business--Wants of Government--Estimates of Expendi-

ture -Increase of Deficit--New Loans--Negotiation of Treasury Notes--New York State

Loans - Michigan Loans ity of Detroit--Railroad Wants-Exchanges, Rates of--Specio

Movement--Receipts of Gold--Exports from New York-- Assay-office--Mint Returns --Coin

in Banks--Comparative Loans--Rates of Money --Clearings in New York for the year, Pro-

gress of--Decline of Business--Ratio of to Loans--Bank Tables-- Resumption at the South--

Kentucky Bank Law--Tennessee Law--Small Notes --State of Circulation-Low Prices re-

quire Less Money-State of rops and Goods--Imports for the Season--Value put on the Mar-

ket -Goods in Bond--Short Credits--Backward Business --Small Purchasers-Higher Prices

Abroad --Manufactures more Active-Consumption of Cotton---Lower Prices of Materials....76-87

VOL. XXXIX.-NO. I.

2