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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
