nature, &c., of interest of.. history and philosophy of. 66 Minor, suit to recover of (law case).. Pennsylvania coal trade in 1849.. 562 246 333 510 66 whisky trade of.. 75 362 Money loaned, action to recover 66 maxims on.... 339 " coinage of the U. States mint at 450 66 617 612 Pittsburg, iron manufactures in.. " 66 philosophy of.... Montreal, Mercantile Library Association of.. 473 Postage, practical working of cheap. 44 Production... 403, 516, 630 116 Navigators, improvements useful to.. New Orleans, rates of insurance of... N. Nantucket Shoals.... Nashua and Lowell railroad, statistics of. 64 laws, repeal of British.. " New York, liquor business of.... 66 66 16 66 66 46 66 66 66 66 66 66 LL 66 16 66 66 66 66 66 46 66 16 Ha- 76 581 550 canals, opening and closing of.... 106 canals, commerce of, in 1849. 355 canals, tolls charged on.. 424 city, valuation of property of, 1849 101 city, expenses of, in 1846-7-8.. 448 city banks, condition of.... 549 city banks, leading features of... navigation of, in 1849... imports of hides into.. debt and finances of.. 422 687 Railroad statistics......104, 240, 355, 461, 564, 676 66 219 66 routes to the Pacific... 149 451 66 87 banks, securities for circulation of 201 bank dividends 572 549 202 210 230 inspections of tobacco and stocks. 330 330 Havana and Union, statistics of..... 357 357 358 358 564 568 Long Island, statistics of... 569 546 371 Guide, American.. between Albany and Buffalo.. 463 effect of, upon value of property.... 564 statistics of New York, in 1849. 565 what they should be commercially.. 679 statistical view of Massachusetts, in 569 105 66 683 Guide for New England States.. 358 584 66 441 682 Ocean steam marine, New York.... 66 of Great Britain... 66 tax on profits of banks of.. 103 " 46 66 570 328 221 111 Russian Empire, extension of, in the East Salt, production of, in the State of New York 393 509 563 imports of Virginia into... statistics of production of salt in.. imports into.... foreign dry goods trade of and Erie railway (E. Dwight). and Glasgow staemship Q. 673 466 Quebec, lumber trade of, in 1848-9.......... 331 R. ship-building in, in 1849. buildings erected in city of, in 1834 -49 condition of banks of.. 46 debts and finances of, in 1849.. Magazine Pennsylvania, debt and finances of.. 393 460 565 statistical view of railroads, in 1849 566 462 332 84 346 371 362 Mercantile Library Association... 246 659 personal and real property of..... P. Paints manufactured from zinc... Paris Chamber of Commerce and Merchants' 66 66 66 66 ...... 66 66 66 66 113 441 vii 26 66 66 333 582 66 66 66 200 cars, action to recover for personal 241 244 244 Hudson River, history of (Jervis)... 278 Railway 66 245 584 Sankaty Head, Light-house on.. 231 676 Sagua La Grande, exports of, in 1847-8-9.... 115 413 Scotland, pig iron trade of... 66 66 Ships, concerning brokers of.. Sierra Leone, light-house on Cape. 66 in London... 66 66 Tariff, changes in Jamaica.... 66 new Mexican.. of Hayti.. 457 Trade and commerce of the New York canals 622 460 451, 573 213 Soap, Cytherean cream of... 239 66 66 South Carolina, debt and finances of in 1849. 97 66 66 Spain, navy of.. 461 66 commercial code of... 462 683 66 vessels, improved method of navigating 681 582 460 66 66 Mercantile Library Aasociation of. 585 66 66 66 prices of produce at, in 1849... 66 Stock Exchange, morals and manners of.. 66 action to recover manufact'ng [law case] 66 prices of American in London........... 66 Strachan's, [James,] anatomy and philosophy Sundy, shoal in Straits of.... 389 ..90, 91, 220, 470 436 Turkey, exports from.. 696 220 586 119 117 Taxes, system of assessing, in Ohio.. Tea, and the tea trade.. 334, 88 64 66 66 66 66 635 Taunton Branch Railroad, statistics of,....... 466 Taxation of New York... 659 "how to make good.. "of the consumption of, in U. States...... 534 "export of, from Europe... Teas, Treasury circular relating to... Thames and Medway, vessels bound to.. Tobacco, trade of Virginia in 1848. 66 importation of, in New York, from 66 Baltimore board of.. 46 Canadian and American............. the new Swiss... of 1846, classification of seeds &c., in the 440 Protective vs. Free Trade.. U. United States, Treasury Notes outstanding 93, 93 66 66 66 66 66 66 426 330 406 438 its origin, laws, and influe'ce [Boutwell] 596 66 66 66 66 66 66 66 66 66 66 181 V. 663 416 Venezuela, commerce of, with other nations. 669 344 643 Vessels passing Tuckernuck Shoal in 1849... 220 66 207 gold coin of.. Treasury Circulars 215, 216, 219 534 coinage of mint of, in 1849.... 343 326 export of cotton from, in 1849. 329 205 import of coal into.. 212 exports of breadstuffs. right of States to tax the... 213 199 exports of tea from China to.. 163 146 W. Wales, iron business of. 213 Whale fishery in 1849, statistics of.. 66 bound to Thames and Medway 109 66 tobacco im p'ted into N. York in 1849 330 86 470 103 333 673 568 349 Wines, &c,, Treasury Circular relating to..... 576 66 238 66 and other manufact'ing establish'nts 577 66 of Vermont... 66 66 manufacturing establish'nts of N. Y. 685 66 60 534 672 340 91 86 Y. Yellow gold vs. black coal.. 240 338 327 326 329 Z. Zinc, manufacture of paint from.. 66 460 113 1. TEA: AND THE TEA TRADE. By a GIDEON NYE, Esq., merchant of Canton, China... II. THE CONDITION AND PROSPECTS OF AMERICAN COTTON MANUFACTURES IN 1849. By A. A. LAWRENCE, Esq., of Massachusetts.... III. THE MORTALITY OF BALTIMORE: WITH REFERENCE TO THE PRINCIPLES OF LIFE INSURANCE. By Professor C. F. M'CAY, of the University of Georgia...... IV. THE PRACTICAL WORKING OF CHEAP POSTAGE. BY JOSHUA LEAVITT, Corre- sponding Secretary of the Boston Cheap Postage Association..... V. COMMERCIAL CITIES AND TOWNS OF THE UNITED STATES-No. XIX.-THE VL. BANKRUPTCY-BANKING. A Letter to the Editor, in Reply to an Article in the De- cember number of the Merchants' Magazine... VIL GILBART'S PRACTICAL TREATISE ON BANKING. On the Nature of Banking-The Utility of Banking-On the General Administration of a Bank......................................... Sight Bills: a Decision in the Fourth District Court, New Orleans..... Action to Recover Money Loaned: a Decision of the Supreme Court, New York..... Suit to Recover Clothing furnished a Minor: a Case in the Commercial Court, Cincinnati. Absent Debtor-Insolvent Law of Massachusetts: a Case in Supreme Judicial Court of that VUI. COMMERCIAL CODE OF SPAIN.-No. XI.-CONCERNING INTERPRETING BRO- KERS OF SHIPS. Translated from the Spanish by A. NASH, Esq., of New York Bar.. 73 COMMERCIAL CHRONICLE AND REVIEW: EMBRACING A FINANCIAL AND COMMERCIAL REVIEW OF THE UNITED STATES, ETC., ILLUSTRA - Increased Abundance in the Money Market-Export of Cotton-Arrival of Gold from California -Emigration to California-Production of the Mines-Tendency to Speculate-Increase of Banking Capital-Ocean Bank of the City of New York-Dividends of Free and Chartered Banks Compared-Dry Goods imported into New York for last six months-Flattering Pros- pects of the Cotton Market-High rate of Wages-The Cotton Speculation of 1839-Bank of Production of Hogs and Beef Cattle in Ohio in 1848 and 1849. Foreign Dry Goods Trade of New York in 1849....... Goods withdrawn from Warehouse during the year 1849.......... Virginia Tobacco Trade: Exports, Stocks, &c.--Coffee Production of Ceylon in 1848-9.. Statistics of Licenses, and the Liquor Trade of New York City in 1839..... JOURNAL OF BANKING, CURRENCY, AND FINANCE. Condition of the Banks of the State of New York on the 22d of September, 1849.. United States Treasury Notes Outstanding, December 1, 1849.. Of the Uniformity of the Gold Coin of the United States.. A Statement of the Debts and Finances of Virginia in 1849.. Debt and Finances of Georgia in 1849... Debt and Finances of South Carolina in 1849. Valuation of the Real and Personal Property of each Ward of New York City in 1849.. Merchants' Exchange Bank in the City of New York...... Letter to the Editor about a Mutual Bank for Deposit and Discount.. The National Bank at Vienna, Austria... Statistics of the Central Railroad and Banking Company of Georgia in 1848-9... Railway Speculation and the Stock Exchange in England.. Movement of Railroads between Albany and Buffalo for the Winter of 1849-50.. Opening and Closing of the New York Canals in each year from 1824 to 1849.. Business of the Columbia and Philadelphia Railroad in 1849......... An Experiment with Semi-bituminous Coal... Rolling Mills in and near Cincinnati, Ohio........ Manufactures of Dayton, Ohio.--The Mining Prospects of England in 1849–50. Discovery of Four Shoals in the Main Channel, Nantucket.-New Light-house on Ardnamarchan. 90 Shoal on the South-east Point of Fort Tinge.-Light-house on the Ostergarns... Smuggling in Russia.--Of the Measurement of Foreign Deals... Singular Cotton Speculation in the Neighborhood of Manchester.... Excerpts for Business Men.-Discovery of Ancient Coins in the Isle of Wight. Liverpool Trade with Africa.--Cattle imported into England... JOURNAL OF MINING AND MANUFACTURES. Manufacture of Cotton Goods at the South: a Letter referring to the Cotton Discussion com- A Letter from General C. T. JAMES, on the same Subject.--Cannel Coal in Virginia... Bankruptcy in Batavia, Island of Java.. A Great Business or a Small Business.-Roman Markets. Character for Integrity.--The Electric Telegraph in Prussia... The Morality of Life Insurance.--Commercial Swindling in London... Of Purchasing Merchandise Fraudulently Obtained.-The Economy of Eggs, and the Egg Trade. 118 121-128 HUNT'S MERCHANTS' MAGAZINE AND COMMERCIAL REVIEW. JANUARY, 1850. Art. I.-TEA: AND THE TEA TRADE. 1 WHETHER regarded as a necessary of life, or as forming an element in the amelioration of the intercourse of nations, the article of Tea takes the first rank in the history of Commerce. The production of one country, its use has spread over almost every other civilized one, until its name has become a synonyme of the ancient empire where it grows, and suggests to the mind, not so much the healthful properties of a simple shrub, as the history of the intercourse with China, and of China itself. No other production of the soil has, in an equal degree, stimulated the intercourse of the most distant portions of the globe; nor has any other beverage, with equally unalloyed benefit, so commended itself to the palates of the people of the more civilized nations, or become so much a source of comfort, and a means of temperance, healthfulness, and cheerfulness, whilst it may be doubted if any other is equally a restorative and stimulative of the intellectual faculties of man. The incentive to the industry of many millions in China, it is the direct source of an immense revenue to the British exchequer,* and of much prosperity to the manufacturing and commercial interests of the British empire, and other nations; and whilst its agreeable and healthful properties have diffused comfort and cheerfulness, and promoted temperance amongst the households of the western nations, these, reciprocally, have contributed to the moral influences of this interchange of commerce upon the millions of the populous and farthest East. But, in tracing the progress of its use, and estimating the mutual benefits that it has conferred, the satisfaction that is derived therefrom is not wholly unalloyed-for, whilst it forms on one side the healthful element of a reciprocal * The duty upon tea imported into Great Britain, has reached the almost incredible sum of £5,400,000 sterling, or about $25,000,000 per annum. |