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COMMERCIAL REVIEW,
WI L L I AM

P U B L ISH E D

B.

D A NA

M OK TH LY.

EW YORK : W ILLIAM B. DANA, PUBLISHER AND PROPRIETOR.
Nos. 79 & 81 William St., New York.
L on d on : 8 . mpsok L o w ,



Son * Co., 47 L u dgatk H il l a n d T rttbnrb & O o „ 00 P a t s r n o b t b b B o w *

\
< *2

HUNT’S

MERCHANTS

MAGAZINE

AND

COMMERCIAL

It E V I E W.

EDITED BY WILLIAM B. DANA.

Price $5 per Annum.
FUBLISHED ON THE 12 th OF EACH MONTH.

CONTENTS

OF

JANUARY

MAGAZINE.

T he G old Q ue.-tion ............................................................................................................
C hesapeake and -O hio R ailroad . . . .

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

E vansville and C rawfordsvillk R ailroad .............................. ...................... ..

23
28

A ggregate R esources and L iabilities or the N ational Banking A ssociations,

21

W hat B asis have w e for R esumph in ................ .............................. .............................

32

T he H uron and Ontario C anal ....................................................................................

f«

Prices o r Merchandise ......... .............................................................................................

37
38
47
64

Course of the N ew Y ork S tock E xchange ..................................................................
I'a il t P rices ok G old at N ew Y ork .............................................................................
F luctuations in B ank S h ares ............................................................................................
F ibeign E xchange at N ew Y ork ....................................................................................
R ange of G overnment S ecurities .................................................................................

68

S pecial R eport ok the R evex ue .......................................................

5U

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

T he N ew Y ear in E urope....................................................................................................
T h e N ew Y ork C entral D ividend .......................................................................

65

T reasure Movement in N ew Y ork for the last T en Y ea r s ...................................

68

P ublic D ebt of the U nited S tates ............................. ..................................................
S enaior Morton’s Finance Eil l ....................................................................................

73

D ebtor V irginia ..................

C ommercial C hronicle and R ev ie w ...............................................................................

73
74

J ournal of B anking, C urrency and F inance ............................................................

72




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

MERCHANT’S MAGAZINE
759 4 9

COMMERCIAL REVIEW .

E D . T '- l . E Y '

W I L L I A M B. D A N A ;

Y O I C J I E SIXTY,
FROM J A N U A R Y TO J U N E , IN C L U S IV E , 1869,

iMeto Cork:
W ILLIAM B. D AN A, PUBLISH ER AND PROPRIETOR.




NO. 79 & 81 WILLIAM STREET:
18 6 9 .




OCT 31194-1

. ALPHABETICAL INDEX
TO BUBJBCTS COXTAIHKD UT TUB

MERCHANTS’ MAGAZINE & COMMERCIAL REVIEW,
Youths LX.

F R O M J A N U A R Y TO J U N E , B O TH IN C L U S IV E .

E D ITED BY W ILLIA M B. DANA.

nos
Bonds o f the TJ. States abroad .175, 118
A ct to strengthen the public credit.. 220 Boston bank returns,weekly. . . . . 8 0 ,
A ct regulating reports of National
160,240,320, 400, 472
b a n k s................................................ 229 Breadstuffs, decline in, and trade of
the country...........................................822
' A rt abolishing transit duties in New
Breadstuffs, production and distribu­
Jersey . . . .................................... 229
tion o f ...................................................454
Alabama question here and in Eng­
land ................................................ 4 r 5
C.
Albany andSusquehanna Railroad.. 101
Canals o f New York, enlargement o f 326
B.
Chesapeake and Ohio Railroad .
23
Checks, prohibition of the certification
Bank shares, fluctuations in prices of,
o f ....................................................... 200
for two years
.........
64
Chicago and A l t o n ..................... 227, 264
Bank returns of New York, Boston
Civil service, B ritish .........
210
and Philadelphia . . . . 7 9 , 160, 240,
820, 400, 472 Civil service, remarks on Mr. Jencks
b ill...
- .............................. 218,345
Banks, the national system and their
items o f reserve.................................. 187 Cleveland, Columbus, Cincinnati an d
Ind. Railroad
....................... 231, 880
Banks of each State (national) returns 141
Bank of England returns for y e a r .. . 155 Cleveland and Pittsburg Railroad . . 257
Banks, act regulating reports o f Na­
Commercial Chronicle and Review .
74, 155. 235, 281, 895, 467
tional ....................................................229
Banking Associations (National), ag­
Consols, prices for month. . . .76, 157,
gregate resources of, Oct. '6s to
237, 284, 897, 469
Oct. ’68 ............................................ 27 Commerce o f New York for y e a r.. . 106
Bankers and brokers, taxation o f loana
Cotton crop and the South................. 139
as capital ....................... 134,244, 868 Coinage, unification o f ........................ 248
Bankruptcy and insolvency............... 198 Cotton crop stat-ment for 1868, and
Bill to strengthen the public credit.. 220
overland shipments.......................... 78
Bond purchases by Government . . . 401 Currency redemption and Congress., 246




VI

INDEX TO VOLUME LX,

Darien Ship canal . . . ................... .. 168
Debt statement of United States,
monthly............ 151,228,316,843, 466
Debt and finances of South Cirolina 187
Debt and finances of the State of
New Y o r k .......................
204, 26
Debt statement and Mr. Boutwell’s
im provem ents.................. ..2 6 8 , 4 ’ 7
Delmar’s report on the tariff . . . . . . 289
Depreciation o f gold and silver.. . .
1
E.
Edmunds resolution. .........................
94
Eg pi, financial position o f .............. 459
Erie Railway........................................ 3 5
Europe, the new year in.................
62
Evansville and Crawfordsville Rail­
road . .
...
............... 25
Excharge, foreign quotations, of for
............................
56
two years
Exchange, quotations monthly 78,
160,236, 286, 399, 471

Legal tender decisions, their scope
181
and results ................
Land and water carriage.................... 373

OT.
Maine, water power o f .. . . .
vlich gan Southern and Northern
Indiana Railroad
VI lwauke - and St. Paul Railway . .
Money market, Course of monthly 74,
156, 235, 28 1, 395,

115
310
449
467

N.
National banking associations, ag re­
gale r-sources and liabilities
27, 471
National Bank system.items of reserve S3
National Hank re urns............................ 144
National Banks, act regulating repo ts
of . . . . . .
229
Naugatuck Railroad Company. . . . 230
Ne Yore Central iv iJ e n d ............. 65
New York bank returns, weekly. 79,
160,240,320,400, 472
F.
New York, com erce of for y e a r .. . 06
Finance Bill of Senator Morton......... 73 New York and tunnel railroads . . . . 142
New York State, debt and finances
Foreign exchange, quotations for two
of
........................................208, 261
y- are.. . .
.......................... 66
Now York Central Railroa
. . . . 221
Foreign exchange, monthly quota­
tions .................. 78, 160, 239,286, 399 New Y rk and New Haven Railroad. z54
New Y rk horse railroads..................... 430
G.
New Jersey transit duties abulished. 229
Go d and silver, Depreciation of . .
1 Norfolk and New York, why one
grew and the other did not . . .
81
Gold course of, prices for five years. 47
Gold, prices of, for month.. .78, 1 9,
O.
249, 285, 899, 47"
Ohio railroads......................
130
Gold premium, the influences u w
Ohio and Mis-issippi Railroad
231
affecting the course of . .
212
Uur foreign indebtedness, its advan­
Gold O' ntracts legalized— copy deci­
tages and disadvantages . . . . I 5,178
sion o f the Supreme Court
. . . 268
Government securities, range cf prices
P.
for 1863 ......................
.
58
P ices of merchandise for eight years. 37
Government securities, prices of, for
Pi ices of gold for five years ............. 47
month . . . 75, 157, 237, 283, 397, 4 8
Prices at N w Y irk St ck E change
Government telegraph system pro­
for three years ................................
8
posed and oppose 1
97
rices bank shares, two years.
. . . 54
Government purchases of bon Is . . . . 4 1
Prices of government securities for
Great Britain, trade o f .............. 52, 233
month .........
75, 57, 37, '83, 397
Great Biitain, agricultural statistics
Prices of gold for month.78, 169, 239, 285
o f........................................................... 431
Prices of railroad stocks f r mont i
76, 15", 288, 2-4, 397
II.
Prices of consols and American secu- j
Hudson River Railroad ..................... 262
rities____
76, 157, 23 281, 397
Huron and Ontario canal...................
86 Prices of excha ge for month ..78,
160, 239, 286, 397
I.
Philadelphia bank returns w eedy
79, 160, 24 \ 320, 400, 4 ’ 2
Illinois Central Railroad..................... 257
Philadelphia and Reading R air md
189
Internal revenue receipts for four
y e a r s ..........
,. - ...............
103 PittBbu g. Fort Wayne and Chicago
and Clevelaud and Pittsbuig . . . . 257
Italy, financial situation o f....................461




IN DEX TO VOLUME I X .
PASS

v ii

p ie s

Redemption o f the currency and Con­
Public debt, monthly statement 151,
gress ................... .............................. 246
228, 8 1 6 ,348,466
Public credit bill, copy of................... 220
S.
Public credit bill and advance of fiveSpecie payments, what basis have we
twenties................ .............................225
for resumption of ......................... 32
a.
Specie movement at New York from
1859 to 1868 .................................... 68
Quicksilver and Mining company. . . 317 Specie payments, a way to return to. 120
Specie payments, the resumption of,
It.
and the condition of the country
184
.Railroads of the world...............
839 South Carolina, debt an I finances of. 187
Railway consolidation........................ 870 South and the next cotton crop........ 139
Railroad, Milwaukee and St. P au l.. 449 Stock exchange, course of prices at,
Railway stock, watering o f . . . . 3 7, 447
for three years................................... 88
Rai road stocks, prices of each
m on th ............... 76, 158, 238, 284, 397
T.
Raih oad stocks, prices of, for three
Taxing Wall street ............................ 244
•years................................................... 38 Taxation of loans as ca pital... , 134, 368
Railroad stocks, prices of, for month
Tariff, Delmar’s rep: rt on ............... 289
76, 168, 2«8, 284,397, 469 Telegraph system by government,
Railroad earnings for 1868 ............... 129
proposed and opposed..................... 97
Railroads, their influence in develop­
Trade of Great Britain .
. . . .152, 233
ing the wealth of the country__ _ 161 Trade, aspects of our foreign............. 840
Railroad earnings for month.. . .224,
Transportation from West to the East,
308, 882
how to cheapen .............................. 885
Railroad,horse of New Y ork ........... 480 Transportation, land and water . . . . 873
Railroads o f Pennsylvania, reports of. 313 Treasure movement at New York,
Railroads of Ohio....................... ..
130
1 8 5 9 -8 ......................
68
Railroad, Albany and Susquehanna. 101 Tunnel railroads for New Y ork .........142
Railroad, Chicago and A lto n .. . .227, 264
Railroad, Cleveland, Columbus Cin­
U.
cinnati and Indianapolis......... 231, 380
United
States
debt,
monthly state­
Railroad, Chesapeake and Ohio......... 23
ment...................151,258, 816, 348 466
Railroad, Evansville and Crawfordsville....................................................... 25 United - tates bonds abroad-advan­
tages and disadvantages.. . . 175, 178
Railroad, Erie........................................ 305
Railroad, Hudson River........................ 262 United States and Great Britain—
their relations..................................... 407
Railroads, Illinois Central, Pittsbuig
and Fort Wayne, Cleveland and
V.
Pittsburg........................................... 257
Virginia, debt o f .................................... 73
Railroad, Michigan Southern and
Northern Indiana............................. 310
AT.
Railroad, New York and New Haven 254
Railroad, New York Central............... 221 Wall street as a subject of taxation 244
Railroad, Ohio and Mississippi........... 231 Water and land carriage....................
878
Railroad, Philadelphia and Reading. 191 Watering railroad Btocka.............377, 447
Revenue, Bpecial report on t h e ......... 59
Y.
Revenue, internal receipts for four
years.................................................... 103 Yantze Kiang River........................... 824