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THE MERCHANTS’ MAGAZINE C O M E R G IA L r R EV IEW . ra •■yV ■ % ' jSo i i ^ d ; bt • ; W I L L I A M B. D A N A j a i VOLUM E 66 S IX T Y -T W O , l'ROM JANUARY TO JUNE, INCLUSIVE, 1870 $ m ^n rk : WILLIAM B. DANA, PUBLISHER AND PROPRIETOR. NO. 79 & 81 W IL L IA M S T R E E T . 1870. H e S . 3 ALPHABETICAL INDEX TO SUBJECTS CONTAINED IN THE MERCHANTS’ MAGAZINE & COMMERCIAL REVIEW V olume L X II. FROM JANU ARY TO JUNE, BOTH INCLUSIVE. ED IT ED BY W ILLIAM B. DANA. PAGE PAGE Banks of each State—their condition October 9, 1869................................ Banks, National, total resources and liabilities........... ........................... 26, Breadstuffs....................... ..............170, Boston bank returns, w e e k ly ..160, 240, 320, 400, Bonds lost or stolen............................. 20 A new route to the W est................... £0 Annual table of the cost of gold for 300 1869 ................................................... 70 Annual table of the price of stocks 210 for 1869............................................. 61 472 Annual table o f the fluctuations in 448 Bank shares for 1869....................... 71 Annual table o f Foreign Exchange for 1869......................................... 72 C. Annual table, giving the range of 7 Government securities for 18 6 9... 78 Condition of business........................... A new phase in emigration................ 116 Congress, Repudiation in ................. 10 A sad case and one of its morals. . . . 270 California, Finances o f......................... 19 A step backwards .............................. 327 Cities, Indebtedness of ou r................. 26 Corporate management, Secresy in.. 104 II. C c-operation.......................................... 120 Bank currency, Glut of—The remedy 112 Commerce o f New York for 1 8 6 9 ... 183 Banks, Safety of the National........... 418 Capital, the flow of European to the Bank notes, Redemption o f ................. 4!’4 165 United States.................. Banks and the Funding Bill . . 246, 302 Currency, Retention of at the South. 173 Banks of each State— their condition Central Railroad and Banking Com January 22d, 1 8 7 0 .......................... 292 pany of Georgia, The report o f . . . . 177 Backwards, A step ........... .....................827 Commerce o f the United States.........201 Bank returns of New York, Philadel Canal policy of New Y ork....................241 phia and Boston..160, 240, 820, 400,472 Commerce, Our inland...................... 257 Business, Condition of.......................... 7 Collecting taxes ....................... 279 Bank o f England Returns................. . 214 Congress and the Money Market . . . 288 Breadstuffs and transportation facili Currency and the Money Market . . . 368 t ie s ... ........................................ . . . 286 Congress, the work b e fo r e .................. 370 INDEX TO VOLUME LX H . VI PA G E PAGE Gold prices each day of the month.. 78, 159, 239, 3i9, 899 Governor’s Mes-age.................. 99 Glut o f Currency— the remedy.........112 Gold premium, The Treasury and ... 168 Greenbacks, Funding ......................... 254 Georgia Railroad and Banking Com 177 pany ........................................... Great Britain, Returns of the cotton trade and and manufacturers from 1862-68 compared with 1855-61. 439 Great Britain, Exports and imports.. 456 Consolidation Coal Company o f Mary land................ 380 Corruption, Political............................ 404 Cotton, Liverpool market...................... 209 Cotton trade and manufacturers re turns of Great Britain from 1862 to 1868, compared with 1855-61 . 439 Commerce, Proposed new channels for the world’s................................. 449 Cotton consumption................ . . 142 Cotton consumption in E u ro p e ......... 124 Commercial Clironicle and R eview .. 74, 156, 235, 315,395, 467 Condition of National Bauks of each State, March 24, 1870 . ___ 426 Constitutional reforms in Illin o is__ 434 Canal tolls reduced ............. . 437 Consols, price each da y.. 76,157, 237, 3i7, 397, 469 II. Horizon, The financial................ S . Debt of the United States, monthly statements 65, 154, 233, 313, 376, 465 Debt statement.................... 374 Department reports............................. S3 Declension of speculation .................... 101 Duties on imports collected in 1869 131 Decision, Legal Tender...............161, 185 E. Emigration in a new phase................. Exports of rails from Great Britain.. Exchange, Rates of, each day 78, 160 289, 319, 399 Exports and imports of Great Britain 115 302 G. Imports and exports of Great Britain 456 Immigration Statistics........................ 234 income T ax.............................. 821 Imports, foreign,other than Dry Goods and Specie at the port of olew Tors for the year 1869. . . . . . . . . 140 In lebtedness of our cities.. . . . . 28 Internal revenue re ce ip ts.................. 125 Imports and exports of b illion into the United Kingdom, 1868-9 ___ 132’ Internal revenue returns for s'x months................................................. 175 Insurance companies, scrip issues 185 Iron Rails, export from Great Britain 302 h. 471 Legal tender decision an i its effects, 456 161, 185 L033 of Life and property at s e a .. . . 274 F. Financial condition of the producing classes ................... 331 Foreign imports other than dry goods and specie at the port of New York in 1 8 6 9 . . . . ................................. 140 Funding Bill and the price of FiveTwenties...... ..................................... 5 Finances, The President and o u r.. . . 12 Finances of California......................... 19 Failures, Mercantile and the cur rency........ ......................... 97 Fallacies, Financial.............................. 109 Finances, State and City.............145, 208 Flow of European capital to the Uni ted States ........................... .. 165 Failures, Commercial, iu 1868-9 210 Funding Bill and the National Banks 246, 302 Finance, Mr. Sumner o n ...................... 252 Fun'inggreenbacks...................... 254 Financial Horizon....................................283 Gold below 1 2 0 ....................... 283 I. M. Means, attainable towards the mitiga tion of loss of life and property at sea.........................................................274 Massachusetts, Railroads o f ..................290 Mining Company, Qu cksilver . . . 379’ M ney Market, C ingress and the . . . 288 Management of Railways..................... 415 Money Market and the Currency. . . 3 >8 Minnessota, New Railroads in 32 Mercantile failures and the currency. 97 Message, the Governor’s .................. 99 Merchandise, prices o f............................ 14S Movements of the Precious Metals.. 249 Mr. Sumner on F in a n ce......................252 Maryland Coal Company,the consoli dation o f............................................ 380 N. New York Canal policy..................... 241 National Banks of each State—Their con dition .... ..................... 20,420 1 i New Y oik state Railr a d s ............. 378 IN DEX 5 0 VOLUME L X II. V ll Tiav Repudiation in Congress..................... 10 Retrospect............... 17 Resources and liabilities of the Na tional Banks, T o t a l ........................ 26 Revival o f our Merchants Marine— construction and purchase of I*on ships ................................................. 81 Retention of Currency at the South.. 173 Revenue, internal, returns for six months............................................... 175 Redemption of Bank notes................. 401 P. 407 President, The. and our finances . . . 12 Relieve the People................... Reducing Taxes.................................... 420 Philadelphia Bank Returns, weekly, 160, 240, 320, 41 0, 472 S. Savings and Trust Company, Nation Prices of Gold, Stocks, Bonds, <kc„ al Freedmen’s .................................... 379 see “ Gold,” “ United States Bonds,” Ships, Construction and purchase of “ Railroad Shares,” <Sic. Political Corruption................................ 404 iron..................................................... 81 Purchases of Government Bonds, 15, 316 Speculation, The declension o f . .........101 Secresy in corporate management... 104 Prices of Merchandise......................... 14 Precious Metals, movements of th e .. 249 Stock Exchange and Rock Island stock................................... 118 Public Debt ..65, 164, 238, 818, 376, 466 People, Relieve the.............................. 409 State and City Finances..................... 145 Scrip issues of Mutual Marine Insu Proposed New Channels for the rance Companies................................ 185 World’s commerce............................. 449 Pennsylvania, Railroads o f....................462 Suspense .............................................. 333 *pain, Cuba and the United States.. 337 41Quicksilver Mining Company............. 879 Safety of the National Banks............... 418 Stock Exchange, Business of . . . . 7 7 , I t. 159, 237, 317, 397, 468 Report of the Secretary of the Treas T. ury ..................................................... 33 The Funding Bill and the price of Report o f the Comptroller of the Five-Twenties ................................. 5 Currency............................................ 43 The R etrospect.................................... 17 Report of the Commissioner o f Inter nal Revenue...................................... 57 Treasure movement at New York for 1869 ................................................... 107 Railroad, Chesapeake and Ohio— new route to the west............................. 30 The Legal Tender decision and its effects............................................. 161 Reduced Canal Tolls and their pros 437 Treasury and the gold premium . . . 168 pective earnings............................. Taxes, Reduction o f............................. 420 Report o f the South Carolina Rail road for the year ending 1 8 6 9 .... 118 Trade of the United States....................232 Tunnel Railroads.................. 244 Report of the Pennsylvania Central Railroad . . .................................. 181 Tax, The incom e.................................. 321 Taxes, Collecting.....................................279 Railroad Earnings, monthly,........ 29, 107,265, 834, 455 Transportation facilities, Breadstuffs and...................................................... 285 Railroads of Pennsylvania................... 452 r. Railroad Progress...................................212 United States, Spain Cuba and the.. 337 Railroads, New, in Minnesota.......... 32 United States debt, monthly state Railroad Report, Georgia Railroad ment . . . . 6 5 , 154, 233,813,376, 465 and Banking Company................... 177 United States Bonds,prices o f in New Rock Island and the Stock Exchange 118 York each day. .76, 157, 237, 317, Railways, The management o f . . . . 415 398, 469 Railroad Shares, Prices of each United States Bonds, Quotations at month........ 76, 158, 237, 317, 897, 470 London daily. .76, 157, 287, 317, Railroad Iron, Trade of Great Bri 396, 469 tain................................................... 144 United States Trade Report............. 232 Railroads, T u n n e l.......... ..................244 Unite i States Bonds, Purchase o f ... Railaoads o f Massachusstts............... 290 15, 316 Railroads o f O h io.. . . . . . . 289 V. Railroads of New Jersey.. . . 336 Virginia State finances........................ 300 Railroads, New York State............... 378 YV. Railroad Items.7?, 15°, 215, 303,331, 457 Work before Congress......................... 370 PA G E National Banks, total resources and liabilities......................................26, 434 National Banks and the Funding Bill 246 National Freedman’s Savings and Trust Company................... ............ 819 New York Bank, returus weekly,160, 240, 320, 400, 472 O. Our inland e c m m e r c e .........................257 Ohio, Railroads c f .............................. 286