Page images
PDF
EPUB

BANKS OF NEW JERSEY.

The banks of New Jersey show a slight increase of capital compared with January, 1859. The surplus profits on the average are about eighteen per cent. The following is a summary for January, 1859 and 1860, and April, 1860 :--

[blocks in formation]

The income of the Austrian empire steadily increased from 1831 to 1846 from 121,000,000 florins to 153,000,000; and since 1836 there always remained some surplus for paying off old scores. But in 1847 there was a deficit of 42,000,000. In 1848 the deficit rose to 58,000,000, and in 1849 to 143,000,000. The new organization of the empire was proclaimed at that time, with the following results: The Civil List rose from 6,338,000 in 1850 to 9,100,000 in 1858; the expenditures of the Home Ministry, from 16,000,000 to 26,000,000; of the Finance Ministry, from 16,000,000 to 25,000,000; the Department of Justice, from 10,000,000 to 18,000.000; Public Instruction and Worship, from 3,500,000 to 5,500 000; Public Works, from 12,000,000 to 18,000,000; the Police, from 5,000,000 to 10,000,000 a year. The army expenditures are rather instructive. Before 1846, the War office absorbed about 52,000,000. This sum rose and fell in the subsequent years. as follows:

[blocks in formation]

The expenditure of 1859 does not appear as yet in the official returns, but it cannot be put down at less than 250,000,000 to 300,000,000. Thus the army costs, under the new system, within 11 years, 1,800,000,000, without leading to any greater result than to the loss of Lombardy, in a campaign of only ten weeks'

duration.

During the same period, the interest on the public debt rose from 60,000,000 in 1851, to 96,000,000 in 1858. And the sum total of the deficits from 1848 to 1859 amounted to the enormous sum of 1,181,303,496 florins; or, in round numbers, to $590,000,000.

Accordingly the direct taxation was raised from 47,000,000 in 1847, to 94,750,000 in 1858; the indirect taxation from 95,000,000 to 152,000,000; the public debt from 1,000,000,000 to 2,500,000,000 florins. To complete this picture, we add that paper money to the extent of 463 millions, is the only cir culating medium, which is now at a discount of 32 per cent.

BANK OF THE STATE OF INDIANA.

We have received the statement of the Bank of the State of Indiana for the 30th of June, 1860, as submitted to the managers at their meeting at Indianapolis. We compare the leading items with the exhibit made at the corresponding date last year :—

[blocks in formation]

It appears from official statements recently published by the authorities of the United States Mint, that new regulations are in operation concerning the circulation of master-coins and trial pieces at the mint. The following extract is taken from the official report:

The master-coins, which are struck from polished dies, and with extra labor and care, have hitherto been given out at their intrinsic value. In view of the great and increasing demand for these coins, it is deemed not just to the public service that so much labor should be given away. In order to cover this expense, and to put it in the power of any individual to obtain these coins on equitable terms, the set of gold coins, whose intrinsic value is $41 50, will be given for $43, and the set of silver coins, with the cent, whose intrinsic value is $2 02, will be given for $3; but no person or institution shall obtain more than one set of said coins. The excess beyond the intrinsic value of these coins thus delivered, will be paid into the fund for defraying the expenses of the mint, and be accounted for in like manner as other funds placed to that account. The object of the circular respecting the formation of a "Washington collection" at the mint, having been in a satisfactory manner attained, and most of the pieces of the American

series, heretofore wanting in the mint cabinet proper, having been supplied, it is deemed inexpedient to make any further exchange of pattern or trial pieces.

The directors of the mint would be glad to gratify the taste of coin collectors by supplying them with these pieces, if it could be done on equal terms to all applicants; but as this would involve the necessity of making a large issue of such pieces, and be productive of a serious inconvenience to the officers of the mint. no better alternative seems to present itself than to decline to give out any of such piece. Hereafter, therefore, the only specimen pieces that will be given out of the mint, will be the master-coins of the current year, commencing with the year 1860. These will be prepared for delivery as soon after the commencement of the year as the business of the mint will permit.

A goodly number of these master-coins have already been received in New York by persons curious in these matters, and they are really worthy of close inspection. The workmanship and brilliant polish excel the coins of France and England, and they are worthy a place in the cabinet of every gentleman.

THE JAPANESE CURRENCY.

The following is the official certificate of the results of the analysis taken at the mint in the presence of the chief ambassadors. It was furnished to the envoys by Superintendent SNOWDEN :

MINT OF THE UNITED STATES, PHILADELPHIA,
June 14, 1860.

} For the satisfaction of their excellencies of the Japanese embassy, the undersigned, Director of the Mint of the United States, certifies to the results obtained by assay of gold coins of Japan and the United States, made in their presence by the proper officers of the mint.

One cobang weighed 138 21-32 grains, and the gold extracted from it weighed 79 10-32 grains.

One other cobang weighed 138 10-32 grains, and the gold extracted from it weighed 79 5-32 grains.

One other cobang weighed 139 9-32, and the gold extracted from it weighed 79 22-32 grains.

So on the average of these three, the cobang contains 79 grains of gold, which makes the proportion of fineness 572 thousandths. This result agrees so well with our report of assays made in our usual way, (by taking only a half gramme, or about 7 grains,) that we trust it will give additional confidence to the embassy in our regular method of assay.

A gold dollar of the United States weighed 25 26-32 grains, and the gold extracted from it weighed 23 7-32 grains, which agrees as nearly as may be to 900 thousandths, our legal standard.

Therefore, for comparison, the cobang contains 798 grains of gold, and the dollar contains 23 7-32 grains of gold. But it will be more strictly accurate to say that the proportion of gold in a cobang is 572 thousandths, and in the dollar 900 thousandths. It is necessary to add that the average weight of the gold dollar is 25 8-10 grains by law, which is a more exact basis of calculation than the single piece, which weighed 25 812-10,000, and was therefore a little too heavy.

The silver being extracted, with the necessary allowance for absorption, showed almost 59 grains of silver in each cobang, and the copper was only 12-32 of one grain in each cobang.

To recapitulate, the average composition of the cobang is as follows, in grains:

79 12-32
59

0 12-32

Gold...
Silver..

Copper

Total

188 24-32

JAMES ROSS SNOWDEN, Director of the Mint.

STATISTICS OF TRADE AND COMMERCE.

VIRGINIA FLOUR TRADE.

The crop year having closed the Richmond Whig has published a table of the Virginia flour trade. This has peculiar interest this year when the prospect is of a reviving foreign demand. The following is a comparative statement of the receipts of wheat in bushels, at Richmond, for four years past:

[merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small]

By canal.

Increase in 1859-60, as compared with the previous season, 371,142 bushels. The following table exhibits the details of this increase, by canal and railroads:

[blocks in formation]
[blocks in formation]

The receipts of wheat, each quarter, during the past three years, and the progressive aggregates during the year just ended, were as follows:

[merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small]

This table shows that in 1857-58, with a large yield, only about two-fifths of the crop were delivered during the first quarter, while in 1858-59, more than one-half was delivered in the same time, and last year, within 52,000 bushels of one-half.

A large portion of the wheat received by the canal is forwarded from Lynchburg. The following table will indicate the quantity contributed to this market for three years, from the southwest, by canal; from central Virginia, by canals and railroads; and from the lower counties, by the river :

[blocks in formation]

These figures may be regarded as indicating the relative proportion of the yield of the three seasons, in eastern Virginia.

The coastwise exports of wheat from this city, during the three past seasons,

[blocks in formation]

COMPARATIVE STATEMENT OF THE INSPECTIONS OF FLOUR IN RICHMOND DURING THE FOUR YEARS ENDING JUNE 30, EACH YEAR.

[blocks in formation]

Increase, as compared with 1859, 69,593 barrels. The Legislature, at the last session, amended the inspection laws, so as to exclude from compulsory inspection flour shipped to foreign ports in Virginia vessels. Important results are expected to flow from this measure, but, as yet, none of the millers, we believe, have availed themselves of the provisions of the law.

COMPARATIVE STATEMENT OF THE INSPECTIONS OF FLOUR, IN THE PRINCIPAL CITIES AND TOWNS OF VIRGINIA, DURING THE FOUR YEARS ENDING JUNE 30, EACH YEAR.

[blocks in formation]

Increase, as compared with 1859, 141,018 barrels.

The exports of flour from Richmond to foreign ports, direct, during the past

four years, ending 30th June, were as follows:

[blocks in formation]

The value of the foreign exports, last season, was $1,894,204; in 1858-59, $1,824.950.

A portion of the above was shipped from the Manchester mills, but most of the flour exported from Richmond is put aboard the vessels in the dock. The aggregate shipments from the dock, foreign and coastwise, last year, was 471,011 barrels; in 1858-59, 425,975 barrels; and in 1857-58, 493,074 barrels. The shipments of flour, by steamers, were as follows:

« ՆախորդըՇարունակել »