MERCHANTS' MAGAZINE.

Established July, 1839, by Freeman Hunt.

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 supposed an Evil-Defleit 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 Ascertaining 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 StatesIndividual Notes-Value of Cotton Crops-Specie takes place of Paper Currency furnished by Banks-Net Circulation

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II. MERCANTILE BIOGRAPHY-LIEUT. GENERAL SIR WILLIAM PEPPERRELL, BARONET. By G. A. WARD, Esq., of New York. III. COMMERCIAL AND INDUSTRIAL CITIES OF THE UNITED STATES-No. Lv. BOSTON, MASSACHUSETTS. First Settlement-Area of Peninsular-First Occupant-First Venture by Sea-Population and Valuation-Increase of Population-Pestilence-Difficulties Encountered-Progress of Population-Proportion of ForeignersCompared with New York-Valuation in 1638-Extension of Trade-Effect of WarReturn of Peace - Freights-Impulse to Trade-Revulsion in 1836-Bankrupt LawGold influence-Rapid Increase in Trade-Manufactures, 1845 and 1855-Aggregate Manufacture-Savings Banks-Banks of Boston-Capital and Dividends-Private Banking 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 SystemTonnage should be founded on the broad grounds of Utility-Public Wants and Government Requirements-Both Internal and External Admeasurement demanded - Inducements 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 Capacity-Some ships built for Burden and others for Stowage - Disproportion of timber in the Hulls of sharp and full Vessels - Advantages given to Thin-sided Vessels by External Measurement-Advantages 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 Tonnage-External, Internal, Shell, and Mean Tonnage-Great Britain's Internal System recommended for adoption - A similar External System proposed to be used in conjunction-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 Admeasurement-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.

EMBRACING A FINANCIAL AND COMMERCIAL REVIEW OF THE UNITED STATES,

TRATED WITH TABLES. ETC. AS FOLLOWS:

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R282

ETC.,ILLUS.

State of Business--Accumulation of Business--Wants of Government--Estimates of Expenditure Increase of Deficit--New Loans--Negotiation of Treasury Notes--New York State Loans Michigan Loans--ity of Detroit--Railroad Wants-Exchanges, Rates of--Specie Movement--Receipts of Gold--Exports from New York--Assay-oflice--Mint Returns --Coin in Banks--Comparative Loans--Rates of Money--Clearings in New York for the year, Progress 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 require Less Money--State of rops and Goods-Imports for the Season-Value put on the Market -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.

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