MUTUAL LIFE INS. CO., BOSTON, MASS., ORGANIZED 1843. BRANCH OFFICE IN METROPOLITAN BANK BUILDING, 110 BROADWAY, NEW YORK CITY. CAPITAL AND ACCUMULATION OF PREMIUMS TO MEET LOSSES, OVER ONE MILLION, After paying, among all holding policies, in CASH, (not in Scrip,) dividends amounting to $181,000. The Surplus is divided among all the members, in CASH, thus affording a good and certain rate of interest upon the outlay of premiums, and avoiding the large and unnecessary accumulations of unpaid dividends of uncertain tendency, and erroneously called capital. One-half of the first five annual premiums on life policies loaned to insurers if desired; the remaining half may be paid quarterly. The premiums are as low as those of any reliable Company. This is the oldest American Mutual Life Insurance Company, and one of the most successful, and is purely Mutual, dividing all the surplus profits among all the Insured. Insurance may be effected for the benefit of married women, beyond the reach of their husband's creditors. Creditors may insure the lives of debtors. Blank form of application for Insurance, or the Company's Pamphlet, containing the charter, rules and regulations, also the annual reports, showing the condition of the Company, will be furnished gratis. WILLARD PHILLIPS, President, Directors: Reference to parties in New York, and information respecting Life Insurance, will be given when desired, upon application to JOHN HOPPER, Agent, at the Branch Office, No. 110 Broadway, New York City. Atlantic Mutual Insurance Company. NEW YORK, JANUARY 28, 1856. OFFICE 51 WALL STREET, CORNER OF WILLIAM. MARINE AND INLAND NAVIGATION INSURANCE. The profits of the company revert to the assured and are divided annually upon the premiums ter minated during the year, for which certificates are issued bearing such interest, not exceeding etx per cent, as the income from invested funds will enable the company to pay. The excess of cruscates over a million dollars, have heretofore been redeemed by payments of cash in the order of their Issue. The Dividend declared for 1855 was Thirty per cent. The outstanding certificates of the hu of 1853, and 60 per cent of the issue of 1854, are to be redeemed and paid on and after the 5th Fu The assets of the company in New York bank stock, bonds and mortgage, real estate, and loans on stocks.... Other assets.. Total....... $1,700,123 00 3,737,602 98 TRUSTEES.-J. D. JONES, T. TILESTON, H. COIT, W. C. PICKERSGILL, A. AVERI L. CURTIS, W. S. WETMORE, C. H. RUSSELL, L. HOLBROOK, ROBERT C. GOODHUE, P. A HARGOUS, M. GANS, E. H. GILLILAN, R. CROOKS, C. BARSTOW, A. P. PILLOT, L. 8. SUAREZ, L. M. WILEY, D. S. MILLER, S. T. NICOLL, J. J. HENRY, T. W. RILEY, D. LANE, J. BETCE, W. STURGIS, Jr., H. K. BOGERT, A. A. Low, C. DENNIS, D. PERKINS, J. GAILLARD, Jr. W. E. DODGE, M. LIVINGSTON, W. WOOD, J. H. BURGY, C. GRINNELL, H. O. BREWEL W. SHERMAN, E. R. BELL, E. E. MORGAN, B. J. HOWLAND, B. BABCOCK, F. WESTRAY. W. TOWNSEND JONES, Secretary. JOHN D. JONES, President. MERCHANTS' MAGAZINE. Established July, 1839, by Freeman Hunt. VOLUME XXXVIII. APRIL, 1858. NUMBER IV. CONTENTS OF NO. IV., VOL. XXXVIII. ADDRESS TO THE READERS OF HUNT'S MERCHANTS' MAGAZINE. Акт. ARTICLES. РАОВ ....... 403 L. HUMAN PROGRESS: ITS ELEMENT, IMPEDIMENTS, AND LIMITS. Elements and Means of Progress-Mixture of Races-Effect of Education and Exercise Moral Improvement-Influence of Climate and Geographical Position-Influence of Civil and Religious Institutions-Influence of Commerce. By EZRA C. SEAMAN, Esq., of Mich.. 407 IL COMMERCIAL AND INDUSTRIAL CITIES OF THE UNITED STATE-NO. LII. BALTIMORE, MARYLAND, Trade and Commerce during 1857, and for a series of years-Population-Railroads-Tonnage-Valuation-Foreign Imports and ExportsPrincipal Foreign Exports-Imports of Foreign Merchandise-Imports Foreign and Coastwise-Freights-Dry Goods Trade-Flour: Inspections, Prices, Receipts and Exports - Grain: Receipts and Offerings recorded at the Exchange-Transactions and Prices of Wheat, Corn, and Rice -Tobacco: Stocks, Inspections, Deliveries, and Foreign Exports -Manufactured Tobacco: Receipts, Stocks, and Prices -Cotton: Receipts and Prices-Sugar: Prices and Imports-Refined Sugar-Molasses: Prices and Foreign and Coastwise Imports-Coffee: Prices and Imports-Provisions: Receipts, Foreign Exports, and Prices -Mess and Prime Pork-Butter and Cheese -Trade in Cattle, etc. -Receipts of Hogs- Hides: Receipts, Foreign Imports, and Stocks--Leather: Inspections and Prices--Wool-Coal: Receipts, etc -- Metals--Iron-spirits, etc.-Whisky: Receipts, Prices, and Manufacture--Imports and Prices of Salt-Naval Stores-Lumber. 417 III. DEBTS AND FINANCES OF THE STATES OF THE UNION: WITH REFERENCE TO THEIR GENERAL CONDITION AND PROSPERITY. No. xi. THE WESTERN STATES-MI-SOURI. Topography of the state-Earthquakes-Rivers -Early settlement-Area in Acres -Disposition of Lands-Bonds issued for BankOperations of the Bank-State Debt in 1857-Pacific Railroad-Congressional Land Grants-State Loans of Credit to Railroads-Bonds Authorized -Bonds Issued-Panic -Issue of Bonds restrained -Law of Taxation-Amount of present Debt-State Resources-Taxable Property-Revenue-Rate of Taxes -Acres Taxed - Effect of Loans of State Credit. By T. P. KETTELL, Esq., of New York......... JOURNAL OF MERCANTILE LAW. Law of Factors, Consignees, and Commission Merchants-Right of Consignee to pledge Goods as Security for Advances-Pledge by transfer of Bill of Lading or other Documentary Evidence-Pledge by transfer of Goods -New York Factors' Act" of 1830-English Act of 1825-Practice under Warehousing Acts of 1846 and 1854, in relation to Custom-House l'ermits, and Warehousing Permits under Treasury Regulations of 1857. COMMERCIAL CHRONICLE AND REVIEW: 438 445 EMBRACING A FINANCIAL AND COMMERCial review oF THE UNITED STATES, ETC.,ILLUS TRATED WITH TABLES, ETC., AS FOLLOWS: The slow March of returning Prosperity-The low rate of Interest, its Causes and EffectsThe Government Loan-Taxing Freight by Railway for the Benefit of State Canals-Home Valuation of Imports, considered in reference to its Constitutionality and PracticabilityProposed charge of a Duty on Freight as part of the valuation of Imports-The stock Mrket-Bank Defalcation-Collections in the Interior-Assay and Coinage of Bullion -The Bank Movement-Foreign Imports at Philadelphia -Imports and Exports at New YorkShipments of Produce-The future of the Grain Fields, etc... ... ..... 455-464 PAGE JOURNAL OF BANKING, CURRENCY, AND FINANCE. Financial Accounts of the States of the Union-Maine, Massachusetts, Pennsylvania, South Carolina, Georgia, Texas, Tennessee. and Michigan... 465 471 Annual Reports of the Banks in Baltimore.-Exports of Treasure from San Francisco STATISTICS OF TRADE AND COMMERCE. Lake Trade of Oswego...... Lumber Trade of the Pacific Coast of the United States.. 475 475 476 477 478 Import Trade of Liverpool.-Prices of Produce at Auckland, New Zealand, in 1857.. COMMERCIAL REGULATIONS. 481 Imports and Exports of Smyrna, Turkey.-Exports of Merchandise from San Francisco...... 481 Trade between the United States and the Pontifical States... 482 488 484 NAUTICAL INTELLIGENCE. Quarantine Convention at Philadelphia.............. Islands in the Middle Pacific Ocean.-Cape Hatteras Beacon Light Ship Channel in Patapsco River, Baltimore.-Regulation for Vessels trading to St. Petersburg 46 Notice of Marine Telegraph at Honolulu.. 485 487 Loggerhead Key, Dry Tortugas Group, Florida.-Buoys in Harbor of Cienfuegos, Cuba..... 487 488 488 Bell Boat, Entrance Bay of San Francisco.-Borcum Lighthouse, Coast of Hanover, Germany 489 JOURNAL OF INSURANCE. Insurance Companies in Massachusetts...... Insurance of Lives upon Railways.-Terms of Credit of Philadelphia Underwriters.. POSTAL DEPARTMENT. Dead Letters: what is and what ought to be done with them... Postage to Liberia via England-Reduction of Rates of British Ship Letter Postage RAILROAD, CANAL, AND STEAMBOAT STATISTICS. How and by whom Railroads should be Constructed and Managed.. Law for Consolidating Railroads in Kentucky.-Canals of Ohio: their Sale considered. JOURNAL OF MINING, MANUFACTURES, AND ART. The Production of Salt... Manufacture and Cost of Bread in Lynchburg, Va.-Volatilization of Gold.. 489 491 492 493 494 495 495 496 497 499 500 501 502 508 504 505 Cumberland Coal Trade, 153-57.-Prevention of Smoke during the Combustion of Coal...... 506 The Coal Trade of Cleveland. An Interesting Patent Decision. 507 Electrotyping and Galvanoplastie.-Method of refining Bullion at the Assay-office, N. York. 508 Manufactories in Southern States.-Process of Glass-Engraving.-Quicksilver Mines of Califor. 509 STATISTICS OF AGRICULTURE, &c. South American Lamas imported into the United States.-Pork-Packing at Cincinnati 510 511 New Species of Cotton from Mexico and C. America.-Work on a Louisiana Sugar Plantation 512 STATISTICS OF POPULATION, &c. Census of Minnesota in 1857.- Government Regulations for Emigrants to United States Mercantile Obituary: ZEBEDEE COOK, Esq.-How a Leaking Ship may be saved from Sinking. 519 An Old-time Defence of Paper Money 520 The Smelt Fisheries of Maine and New Hampshire.-Notice of a Philadelphia Bank President 521 How the Tax on some Merchants in Tennessee works. 522 How the Boston Bank Suspension was hurried up 322 Progress of Commercial Architecture in New York.-The Pilots of Massachusetts 523 524 THE BOGA TRADE. Notices of new Books or new Editions....... 525-523 |