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MERCHANTS’ MAGAZINE,
»«

V

AND

eomnuvctsl iXrniB’sxj.
J
CONDUCTED BY FREEMAN HUNT.

V O L U M E VI I.

NEW-YORK:
PUBLISHED A T 142 FULTON-STREET.




M D CC C XLII.




OCT 31 1941

I N D E X - V O L . VII.
FROM

JULY

TO

DECEMBER,

INCLUSIVE,

1842.

ORIGINAL PAPERS, ETC.

Comparative View o f the Commerce o f France, Great Britain, and the United States,
from 1827 to 1836, by M. D. L. Rodet, Paris, France..............................................
Progress o f Population and Wealth in the United States in Fifty Years, as exhibited
by the Decennial Census, taken in that period, by Professor George Tucker—
Chapter 1 and 2 s ................................................................................ ! ..............................

13

31

Commerce o f Syria, N o. 2.— Articles o f Trade in Syria, by J. W . Jenks..................
Commercial Voyages and Discoveries. Chapter 4.— Voyages o f Pedro Alvarez

42

Cabral— Juan de Nueva.— Second Voyage o f Vasco de Gama.................................
Reduction o f Price and Rate o f Duty, by W . Johnson..................................................

57
63

Our Trade with England, by George S. Boutwell............................................................ 72
Commerce o f Greece, by Frederick Strong, Consul at Athens...................................... 109
Progress o f Population and Wealth, etc.— Chapters 4 and 5 ......................................... 132
T he Navy and its Use........................................................................................................... 148
Ireland— Its Resources and Commerce, by Edwin W illiam s....................................... 160
Commercial Voyages and Discoveries.— Chapter 5.........................................................

174

Morals o f Trade, N o. 6, by J. N. Bellows........................................................................ 179
Trade o f the Russian Empire, by Charles Clark.............................................................. 205
Warehousing System, by Alexander Jones, M .D ............................................................ 225
Trade and Commerce o f France......................................................................................... 229
Progress o f Population and Wealth, etc.— Chapter 6...................................................... 241
Commercial Voyages and Discoveries. Chapter 6.— Voyage o f William Rutter, etc. 246
Construction and First Voyage o f the Griffin.................................................................... 252
Mercantile Biography.— Sir William Peppered, Bart., by George II. M oore.............. 256
Lights and Shadows o f Mercantile Life.— 2. Glimpse o f Bankruptcy, by the Rev.
.T. W . Brown....................................................................................................................... 261
Manual o f Gold and Silver Coins........................................................................................ 267
Preferred Creditors.— Ought certain Creditors to be Preferred in making Assign,
ments?

By Charles A . Stackpole.................................................................................. 273




Commercial History o f France.— 3. Neckar and his Administration, by Francis
W harton.............................................................^ .............................................................. 301
Commerce o f C u b a .-...............................4 ..................\..................................................... 319
Proportion o f Persons to the Population engaged in Seven Principal Employments
in the United States, as Exhibited by the Census o f 1840, by Jesse Chickering, M. D ............................................................................................................................. 337
Protection to Home Interests the True Political Economy o f the United States, by
C. C. H aven........................................................................................................................ 343
Morals o f Trade, N o. 7, by J. N. Bellows....................................................................... 348
Preferences by Insolvents.— Anonymous........................................................................... 352
Origin o f Paper Money.— Translated from the French.................................................. 354
Life o f the Hon. Joseph Hopkinson, L L . D., by Francis Wharton.............................. 397
Mehemet Ali and the Commerce o f Egypt, by James Ewing Cooley......................... 416
Commercial Legislation, by George S. Boutwell............................................................ 427
Resources o f the United States, by James H. Lanman.................................................. 430
Laws Relative to Debtor and Creditor.— Iowa Territory, by E. B. Washburae........ 443
Lights and Shadows o f Mercantile Life.— 3. The Merchant in his Study................... 446
Commercial Decline o f Spain, by Francis Wharton........................................................ 493
Analysis o f Bookkeeping, as a Branch o f General Education, by Thomas J o n es.... 513
Preferring Creditors in Assignment— Its Morality............................................................ 527
Progress o f Population and Wealth, etc.— Chapters 7 and 8 .................................. 529, 531
Law Reform.— Reforms Requisite in Pleading, by Addison Dougherty...................... 534
Sketch o f the Life and Character o f Condy Raguet........................................................ 542
Mercantile Assumptions, by William S. Price................................................................. 544
Warehousing and Dock System.......................................................................................... 547

MERCANTILE LA W DEPARTMENT.

D igest o f Recent English Cases....................................................................74, 75, 76 and 77
Bills o f Exchange— Notice o f Dishonor— Memorandum in Writing— Princi­
pal and Agent— Arbitration— Setting aside Award— Umpire— Refusal to
hear Witnesses— Waiver— Goods Sold and Delivered— Contract— Accept­
ance and Delivery.................................................................................................
Statute o f Limitations— Construction o f an Agreement— Demand— Contract
— Consideration— Horse Race— W ager— Carrier— Stoppage in Transitu—
Bankruptcy— Taking Possession— Evidence— Authority— Confirmation...

74

75

Bill o f Exchange— Irrevocable Appropriation— Equitable Assignment— Bankruptcy 376
Marine Insurance— Bills and Notes— Contract o f Sale........................................... 184, 185
Decisions in Massachusetts’ Courts..................................................................................... 358
Liabilities o f Common Carriers— Promissory Note........................................................... 358
Married W oman— Divorce— Liability o f Bail................................................................... 359
Non-Imprisonment Law o f Connecticut............................................................................ 359

MONTHLY COMMERCIAL CHRONICLE,

Embracing a Review o f the Trade, Commerce, and Currency o f the United States, with
Tables, as follow s :
Assets and Liabilities o f the New Orleans’ Banks, April 30th, 1842..........................
Condition o f the Banks o f N ew Orleans, April 30th, and May 28th, 1842.................

77
78

Western and Southwestern Banks which paid Specie on the 15th o f June, 1842....

78




Condition o f Suspended Southern Banks................................................................... ........
Rates o f Domestic Bills at N ew York at different periods in 1842...............................

79
79

Condition o f Banks at Cincinnati in June 1841 and 1842.............................................
Louisiana State Debt— Biennial Reduction o f Duties under the Compromise A ct....
Commerce between Great Britain and the United States, from 1834 to 1840, with

80
81

Tariff o f Duties................................................................................................................... 82
Exports o f Domestic Produce to England in 1839 and 1840......................................... 83
Exports o f Foreign Goods to Great Britain....................................................................... 84
Comparative Prices o f the Leading Articles in all the Chief Cities o f the Union... 185,186
Prices o f Cotton, Flour, Beef, Pork, and W ool, for T en Successive Years in the
N ew Y ork M arket........................................................................................................... 187
Annual Exports o f Cotton, Flour, Beef, Pork, for Twelve Years, with Export Value 188
Import o f Foreign Colonial Wheat and Flour into Great Britain, at the close o f the
year, from 1828 to 1841................................................................................................... 189
Corn Duties o f England, per Old and N ew Tariff.......................................................... 189
Wheat Entered into England, for Consumption, etc., for Four Years......................... 190
Export o f Flour from the United States for Seven Years............................................... 190
Population and Agricultural Products per Head in Seventeen States o f the United
States................................................................................................................................... 191
Receipts and Expenditures o f the United States, from January to July, in the Years
1841 and 1842...............
284
Monthly List o f Prices o f Flour in the Port o f N ew York for Seven Years............. 285
Principal Articles o f Domestic Produce Exported from the United States in Six
Y e a r s ................................................................................................................................... 286
Aggregate Imports and Exports o f the United States for Five Years.......................... 286
Imports and Exports o f each State and Territory for Three Years.............................. 286
Proportion per cent o f the Imports into each o f Six o f the United States for Six
Y e a r s................................. ................................................................................................. 287
United States’ National Debt............................................................................................... 288
Loans, Specie, Circulation, Deposits, etc., o f the Banks o f N ew Orleans, at different
periods.................................................................................................................................. 361
Cost, Revenue, and Expenditures o f the Lines o f Pennsylvania Canals and Rail­
roads..................................................................................................................................... 363
United States Treasury Notes Outstanding, on the first o f each month, for a Series
o f Years................................................................................................................................ 365
Progress o f the Debt3 o f the States o f N ew York and Pennsylvania........................... 365
Business o f the N ew Y ork State Canals from 1824 to 1842.......................................... 366
Value o f Real and Personal Estate in the City o f N ew Y ork, with the amount o f
Taxes and Population, at different periods................................................................... 452
Prices o f Certain Articles in N ew York and Boston, before and after the Passage
o f the Tariff o f 1842......................................................................................................... 453
Prices o f leading Agricultural Products, at N ew Y ork, N ew Orleans, and Boston... 453
Rates o f Sterling Bills in N ew Y ork, from July to November, for ten years............. 454
Wheat Imported into France, for a series o f years, with the Export for 1840........... 455
Flour, Import and Export for 1840...................................................................................... 455
Rates o f Domestic Bills at N ew Y ork, from February to November 1 5 th ................. 551
Condition o f Ohio Banks, September, 1842,etc.............................................................. 551
Table Showing the Imports into the United States for Twenty Years, distinguishing
the leading Ports o f Entry................................................................................................. 553
Assessed Value o f Property and Taxation in N ew Y ork and Boston, for 1841 and
1842

........................................................................................................................




554

6

Index.

Registered Tonnage o f the United States, with the Number o f Tons Entered and
Cleared, distinguishing theAmerican from the Foreign.............................................. 555
Imports and Exports o f the United States with the British Possessions, and all parts
o f the world............................................................................ *......................................... 555
Tonnage Engaged in the Trade between the United States and the North American
Colonies.............................................................................................................................. 556
Value o f Imports and Exports o f the United States with the British American Colo­
nies....................................................................................................................................... 556
Agricultural Products Exported from the United States in 1840................................... 557
Import o f Gypsum from the Colonies into the United States, with the Aggregate
Import and Export.............................................................................................................. 557

COMMERCIAL STATISTICS.

Commerce and Tonnage of the United States..................................................................

98

Exports and Imports o f the United States, at four successive periods.......................... 193
Commerce and Navigation o f the United States, from 1830 to 1840........................... 194
Amount of Imports and Exports, American and Foreign Tonnage, annually enter­
ed and cleared in the United States, from the year 1821 to the year 1830...........

198

Value o f Cargoes carried by American and Foreign Vessels, for a series o f years... 199
Ratio o f Tonnage, American and Foreign, to value o f Cargoes in three different
years..................................................................................................................................... 200
Number o f Enrolled and Licensed Vessels, built in the United States, etc., for sev­
eral years..........................................
200
Manufactures o f W ool, Cotton, Silk, Teas, Coffee, Sugar, and Glass, imported into
the United States, in each year, from 1823 to 1840..............................................289-292
Statistical Sketch o f the Commerce and Navigation o f the United States, for 1841..388-389
Commerce and Navigation o f New Orleans, for 1842.................................................... 390
Exports o f Cotton and Tobacco from N ew Orleans, for 1842....................................... 390
Exports o f Sugar and Molasses from N ew Orleans, for 1842....................................... 390
Exports o f Flour, Pork, Bacon, Lard, Beef, Lead, Whiskey, and Corn, from N ew
Orleans, for 1842................................................................................................................ 391
Comparative Arrivals, Exports, and Stocks o f Cotton and Tobacco at N ew Orleans,
for ten years.......................................................................................................... , ............. 391
Receipts o f the Principal Articles o f Produce at N ew Orleans, from the interior,
during the year commencing Sept. 1, 1841, and ending Aug. 31, 1842................. 391
Monthly Arrivals at N ew Orleans, for1842...................
392
Commerce and Navigation o f R io de Janeiro, for a series o f years.............................. 393
Revenues o f the Customs and Consulados o f the Empire o f Brazil............................... 394
Statistical View o f the Commerce o f the United States, exhibiting the value o f Im­
ports from, and Exports to, each Foreign Country, for 1841.................................... 481
Statement o f the Commerce o f each State and Territory o f the United States for
1841.........................................................................................
483
Domestic Exports o f the. United States in 1841............................... .............................. 484
Trade o f Great Britain and her Colonies............................................................................ 485
W ine Trade o f Oporto........................................................................................................... 486
Tonnage o f the several districts o f the United States on the 30th Sept., 1841........... 558
Navigation o f each State, etc., o f the United States, for 1841...................................... 560
Tonnage entered the United States— American and Foreign, 1841............................. 560
Tonnage Cleared the United States, etc.,1841.................................................................. 561
United States Imports, Exports, and Consumption o f Sugar, from 1821 to 1842..... 562




Index.

7

Value o f Imports and Exports, annually, from 1821 to 1841.................. „ .................... 563
Receipts into the Treasury o f the United States, annually, from Customs, from 1821
to 1842................................................................................................................................. 563
Value o f Bullion and Specie, Imported and Exported, from 1821 to 1841................. 563
Cotton Crop o f the United States........................................................................................ 564
Growth, Export, Consumption, etc., o f Cotton, for 1842................................................ 564

COMMERCIAL REGULATIONS.

Rates o f Freight and Passage on Lake Erie, for 1842....................................................
Rates o f Pilotage for Tibee Bar and River Savannah......................................................
Russian Tariff, o f Import and Export Duties, for 1842...................................................

95
96
97

Tariff o f Foreign Gold and Silver Coins, permitted to circulate in Greece.................
Legal Weights and Measures o f Greece— Bank Law o f Greece...................... ...........
Tariff o f Import and Export Duties o f Greece................................................ 124, 125,
Greek Commercial Consulates in Foreign Countries.......................................................

113
115
126
129

Tariff o f Importation into Brazil.......................................................................................... 292
Commercial Relations o f Sweden with the United States.............................................. 295
Tariff o f Sweden on the Principal Articles o f Import...................................................... 296
British Tariff or Duties o f Customs, payable on Merchandise, etc., imported into the
United Kingdom from Foreign parts............................................................................... 367
Corrections to the Tariff o f Brazil........................................................................................ 388
Tariff or Rates o f Duties payable on Goods, Wares, etc., imported into the United
States from and after the 30th day o f August, 1842, according to an A ct o f Con­
gress o f that date................................................................................................................ 457
Rates at which Foreign money and currency are taken at the Customhouse............. 481
Tares allowed by Law at the Customhouse...................................................................... 481
Export Duties on the growth and Produce o f the Empire o f M orocco......................... 482
BANK AND COINAGE STATISTICS.

Price o f Bank Notes at Philadelphia, for twenty-eight years, from 1814 to 1841
............................................................................................................................ 91, 92, 93, 94
Bank o f France— Its operations during the first three months o f 1842........................ 95
Bank Law o f Greece.....................
119
Cost o f Coinage at the United States Mint and its branches.......................................... 88
Coinage o f the Branch Mints o f the United States.................... ! .....................................
Deposits for Coinage at the United States Mint and its branches, since 1824...........

89
90

MERCANTILE MISCELLANIES.

Exchange at Manchester, in England, in the Nineteenth Century..............................
Endorsing Notes.............................................................
Mathematical Problem..........................................................................................................
Cost o f Monopolies................................................................................................................

100
100
101
101

Decline o f the W hiskey Trade............................................................................................ 102
Fraud in Packing Flour........................................................................................................ 102
Mathematical Problems answered and Proposed........... '............. .......................... 275-280
Commerce o f M orocco..........................................................
280
Agricultural and Mineral Riches o f Spain......................................................................... 282
Problems in Accountantship................................................................................................ 567




%

Index .

Commercial Prosperity o f Jamaica................................................................ ..................... 569
Six Hostile Tariffs.................................................................................................................. 570
Vaults o f the Bank o f F r a n c e ..,,....,,,.................................................- ............................ 570
Mercantile Library Association, Anniversary and Lectures.......................................... 576
STATISTICS OF POPULATION.

Complete Tabular Statements o f the Population o f every State and Territory o f the
United States, as taken by each Decennial Census, since 1790................... 31, 132, 241
Population o f each County in theState o f New Y ork for 1840...................................... 85
Population o f each County in theState o f N ew Jersey for 1840....................................
Population o f each County in the State o f Delaware for 1840....................................

86
86

Population o f each County in the State o f Pennsylvania for 1840..............................
Population o f each County in theState o f Maryland for 1840........................................

87
88

Proportion o f Persons to the Population engaged in Seven Principal Employments
in the United States........................................................................

337

BOOK TRADE.

Morris’s Tour through Turkey, Greece, Egypt, Arabia Petraea, etc............................. 103
Tappan’s Poems and Lyrics................................................................................................. 103
Sparks’ s Life o f Washington.— Butler’s W orks.— M exico in 1842.............................. 104
Sorin’s Domestic Circle, or Moral and Social Duties...................................................... 104
Perkins’ s Chitty on Contracts.— Channing’s Duty o f the Free States.......................... 105
Chandler’s Bankrupt Law.— History o f Mary Smith...................................................... 105
Holdich’s Life o f Fisk.— Harris’s Great Commission.— Tracey’s Great Awakening. 106
Brewer’s W ilson’s American Ornithology......................................................................... 106
Hull’s Jahr’s Manual o f Homoeopathic Practice.— Cincinnati in 1841........................ 107
Allyn’s Exchange Tables.— Cobbett’s American Gardener..................... ..................... 107
Papers o f General Alexander Hamilton............................................................................. 108
Burke’s Mineral Springs o f Western Virginia................................................................... 201
Forest Life.— Rogers’ Tales from Life................................................................................ 201
Maxwell’s Fortunes o f Hector O’Halloran........................................................................ 201
Burnett’s Exposition o f the Thirty-nine Articles o f tne Church o f England............... 202
Lover’s Handy Andy.— Howitt’s Little Coin, Much Care, etc..................................... 202
Massachusetts Register and United States Calendar for 1842...................................... 202
Hooper’s (Lucy) Poetical Remains.— Sears’s Bible Biography..................................... 203
Holmes’s Homoeopathy and its Kindred Delusions........................................................... 203
Murray’s Inward and Experimental Evidences o f Christianity..................................... 203
Bryant’s Fountain and other Poems................................................................................... 203
Olmsted’s Life and Writings o f Ebenezer Porter M ason............................................... 204
W hateley’s Elements o f L ogic............................................................................................. 204
Ure’s Dictionary o f Arts, Manufactures, and M ines........................................................ 204
Downing’s Cottage Residences, or Designs for Cottages, etc........................................ 298
Talfourd’s Critical and Miscellaneous Writings.............................................................. 298
Adams’s Christian Triumph.— Emma, or the Lost Found............................................. 298
Whateley’s Elements o f Rhetoric................................................................... - ................. 298
Liebig’s Animal Chemistry.— Taesistro’s Random Shots, etc....................................... 299
Johnston’s Elements o f Agriculture, Chemistry, and Geology....................................... 299
Harpers’ Library o f Select Novels...................................................................................... 299
De Veauri’s Traveller’s Own Book...................................................................................... 299




Index .

9

Von Hardenberg’s Henry o f Ofterdingen.......................................................................... 300
Observations on the late Presidential Veto....................................................................... 300
T he Great Secret.— Up ham’ s Fourth o f July Oration.................................................... 300
Irving Institute........................................................................................................................ 300
Ewbank’s Descriptive and Historical A ccount o f Hydraulic and other Machines for
raising water, Ancient and Modern................................................................................ 394
Croker’s Johnsoniana ; or Supplement to Bosvyell.......................................................... 394
M odels o f English Literature, for Colleges and Academies........................................... 394
James’s History o f the Life o f Edward the Black Prince............................................... 394
Barnett’s History o f the Reformation o f the Church o f England................................... 395
Frost’s Book o f the Navy.— Young’s Introduction to the Science o f Government... 395
Dunlop’s History o f Fiction.................................................................................................. 396
Kane’s Elements o f Chemistry............................................................................................. 396
Boston Miscellany o f Literature and Fashion................................................................... 396
Wright’s Breakfast Table Science...................................................................................... 396
American Almanac for 1813.— United States Almanac for 1843................................. 487
Laws of the States relative to Imprisonment for Debt.— Self-Control.......................... 487
T he Gift for 1843.— Christian Souvenir for 1843.— T he Rose o f Sharon for 1843.... 488
Appleton’s Library for my Young Countrymen.— Odd Fellows’ Offering................... 489
Graeter’s Hydriatics, or W ater Cure.— Bulwer’s Rienzi................................................. 489
Burns’s Poetical W orks.— Stone’s Uncas and Miantonomoh.......................................... 490
Haywood’s Book o f Religions.— Ormusd’s Triumph........................................................ 490
Willard’s History o f the United Slates.— Julia o f Baiae, or the Days o f N ero........... 491
Elizabeth’s Principalities and Powers.— Duffield on the Prophecies............................ 491
Appleton’s Miniature Library.— Gems from the American Poets................................. 491
Memoir o f Mary Lundie Duncan.— First Impressions.................................................... 492
Louisville Mercantile Library...........................................................................
Francis’s Manifold Writers...................................................................................................
Parsons’s Physician for Ships.— Nichols’s Solar System..................................................
Duffield’s Claims o f Episcopacy...........................................................................................
Renwick’s Natural Philosophy.— Self-Devotion.— Nabob at Home, etc.....................

492
492
571
571
572

Collins’s Miscellanies.— Chapin’s Discourses on Various Subjects.................................. 572
Cowper’s Complete Poetical W orks.................................................................................... 573
Appleton’s Library for M y Y oung Countrymen.............................................................. 573
Dunigan’s Boy’s and Girl’s Library.................................................................................... 573
Appleton’s Tales for the People and their Children........................................................ 573
Library for the Young.— Charlotte Elizabeth’s W orks.................................................... 574
Bellows’s Discourse on Dr. Channing................................................................................ 574
Ursuline Manual.— Christian Observer.— Parley’s Y oung American............................ 575
Young Islanders.— Backbiting.— Line upon Line............................................................ 575
Tales and Illustrations.— Rodwell’s Juvenile Pianist...................................................... 575
T o Correspondents.................................................................................................................. 492