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EXPORTS FROM NEW YORK TO FOREIGN PORTS FOR ELEVEN MONTRS, FROM JANUARY 1.

1856. 1857. 1858 1859. Domestic produce.............. $71,007,627 $58,970,897 $50,249,635 $53,547,359 Foreign merchandise (free)....... 875,668 8,726,297 1,416,295 2,758,045 Foreign merchandise (dutiable)... 2,887,023 6,104,554 3,600,167 4,569,642 Specie and bullion ..

86,439,585 36,825,122 24,103,223 67,653,737

Total exporte.............. 110,209,903 105,626,870 79,869,320 128,523,787

Total, exclusive of specie... 74,770,318 68,801,748 55,266,097 60,875,050 A considerable part of the difference, as compared with the last and previous year, is owing, no doubt, to the falling off in values, as nearly all articles of domestic produce are entered for export at lower rates, and this is likely to be still more strongly marked during the next six months—a fact which may swell the quantity shipped.

The cash revenue shows a very considerable increase as compared with last year, both for the month and for the eleven months :

CASH DUTIES RECEIVED AT NEW YORK.
1857.
1858.

1859. First six months ............

$19,293,521 31 $11,089,112 67 $19,912,181 99 In July.................

6,987,019 61 3,387,305 33 4,851,246 89 In August ...............

3,946,830 40 3,545,119 01 4,243,010 43 In September.............

2,249,982 89 2,672,935 63 2,908,509 95 In October................

867,534 99 2,054,834 43 2,318,750 82 In November .............

1,121,792 70 1,706,529 47 2,167,164 48 Total since Jan. Ist .... $84,466,681 90 $24,455,885 46 $35,990,854 56

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JOURNL OF BANKING, CURRENCY, AND FINANCE.

FINANCES OF VIRGINIA. The biennial report of the Auditor of Public Accounts, J. H. BENNETT, Esq., to the Legislature of that State, contains the following in relation to the existing debt of Virginia. The taxable valuation of the State is $996,000,000.

THE PUBLIC DEBT OF THE STATE. * By the 129th section of article 4 of the constitution, it is provided that “ there shall be set apart annually, from accruing revenues, a sum equal to seven per cent of the State debt existing on the first day of January, 1852. The fund thus set apart shall be called the sinking fund, and shall be applied to the pay. ment of the interest of the State debt, and the principal of such part as may be redeemable.

By the first section of chapter seventeen of the act passed 26th of March, 1853, the public debt existing on the first day of January, 1852, was ascertained to be $11,971,838 30, and $838,028 68 were appropriated annually from the public treasury to be applied to the payment of the interest and the principal of such part of the State debt as was redeemable. Notwithstanding $494,000 of this debt bears but five per cent interest, and $1,226,500 has been redeemed, yet the annual appropriation for interest and sinking fund is not reduced, because it is necessary to be maintained to pay off the debt in thirty-four years.

THE NEW DEBT. The same article of the constitution provides “ that whenever after the first day of January, 1852, a debt shall be contracted by the Commonwealth, there shall be set apart in like manner annually, for thirty-four years, a sum exceeding by one per cent the aggregate amount of the annual interest agreed to be paid thereon at the time of its construction, which sum shall be a part of the sinking fund, and shall be applied in the manner before directed. This debt is redeemable for thirty-four years from its issue. The amount created after the 1st of January, 1852, and before the 1st of January, 1863, was

$2,962,687 00 To 1st of January, 1854..

4,571,416 87 red by Selden, Withers & Co.

$4,121,884 37 Loss, amount returned by Selden, Withers &

10,000 00

4,111,884 37 To 1st of January, 1866...

1,405,403 09 1857.

2,653,570 00 * “ 1858 ................

583,060 00 1859...................

1,866,800 00 To 30th September, 1859, being for part of this calender year, and ending with the fiscal year 1869...

1,226,500 00 Total....................

$19,480,321 38 Of this debt, $1,865,000 bears five per cent interest, and $15,615,321 33 bears six per cent interest. None of these debts are payable, but the Commissioners of the Sinking Fund have invested the one per cent per annum above the interest, which is contracted to be paid on them to the amount of $1,083,657 20.

The entire debt of the State stands thus :Registered stock, 6 per cent.....

$15,928,816 63 “ 5 per cent...

494,000 00

$16,422,816 63 Coupon debt, 6 per cent...

$11,902,500 00 Sterling bonds, 5 per cent...

1,865,000 00

$13,767,500 00

$30,190,316 63

Total... of this the Commissioners of the Sinking Fund hold as an invest

medt ........

.......

1,083,657 20 29,106,659 43

Actual outstanding debt due to others than the State............
For purposes of taxation, and to meet the requirements of the con-

stitution, and the act creating the Commissioners of the Sinking
Fund, provision must be made from the accruing revenues of the
State, for 7 per cent per annum on the old debt, exactly as though

it was not reduced by redemption, to wit, for....... For the new debt, including investment by the Commissioners of

the Sinking Fund ...,

$11,971,838 30 19,480,321 33

$31,452,169 63

$838,028 68

Total...............

......... Thus, for the old debt of $11,971,888 30 the sum of ....... For seven per cent on the new six per cent debt, amounting to

$17,615,321 33. ...... For six per cent on the new five per cent debt, amounting to

$1,865,000.........

7,010,JZI 00................................

1,233,072 46 111,900 00

Total..........

$2,183,001 16 STATEMENT OF INTEREST ONLY AS CONTRASTED WITH THE INTEREST AND SINKING FUND.

Amount.

Interest Old debt, 6 per cent on...........six months $10,215,905 30 $806,479 85 Old debt, 5 per cent on...............

494,000 00 12,350 00 Total.........................

$10,709,995 30 $318,829 25 New debt, 6 per cent on..................

$17,615,321 33 $628,459 63 New debt, 5 per cent on......

1,865,000 00 46,625 00

Total.........................

$30,190,316 63 $893,914 48 Whole interest for the year will be $1,787,828 96 ; but there will be redeemed $201,150 of the flve and six per cent debt, which saves the interest of that amount to add to the surplus required for redemption. The real amount is .....

$1,782,164 66 Interest and sinking fund.......

2,183,001 16 Excess over interest, applied to the extinguishment of the public debt for the year 1860.. ..

$400,836 50 If the debt of the State should not be augmented by any new issue of State bonds, until the year 1870, the amount redeemed on the old debt would be $4,195,518 72, and the surplus of the annual appropriation, above interest, would be $350,424 63. Of the new debt the State would own, by investment therein, $4,423,411 45; and the annual fund applicable to further investment in this latter debt would be $431,894 46; so that in 1870 the Sinking Fund Commissioners will have redeemed, and will own by investment $8,618,930 17, and will have an annual fund for these two objects of $782,319 09, which will be constantly increasing in a geometrical ratio. If the debt of the State should be increased, the latter fund will be increased correspondingly.

BANKS OF NEW JERSEY. The following is the summary of the quarterly statements of the New Jersey banks for October, compared with that of July, with the exception of the Iron Bank, Morristown, and the Hudson County Bank, Jersey City, statements from which had not been received :

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Loans.

CITY WEEKLY BANK RETURNS.
NEW YORK WEEKLY BANK RETURNS.-(CAPITAL, $68,645,014.)

Average Actual Specie. Circulation. Deposits. clearings. deposits. Jan. 8 128,538,642 28,399,8187,930,992 113,8O0,885 20,974,263 92,826,622

15 129,349,245 29,380,7127,586,183 116,054,328 29,598,005 95,456,323 22 129,540,050 29,473,056 7,457,245 116,016,8282),950,428 95,066,40)

29 129,663,249 27,725,29) 7,483,642 113,012,564 19,174,629 93,8:37.935 Feb, 5 130,442,176 25,991,441 7,950,855 114,678,173 22,712,917 91,9655, 2:56

12 129,106,318 25,419,088 7,872,441 109,90i,424 20,560,606 39,346,818 19 127,476,495 26,344,955 7,766,858_108,937,564 19,911,207 89,026,357

26 125,866,083 26,470,171 7,736,982 109,000,892 19,785,05588,215,837 Mar. 5 125,221,627 26,769,965 8,071,693 108,646,823 22,626,79586,800,028

12 126,25,261 25,530,054 8,100,021_107,458,392 21,270,283 86,188,109 19 127,587,943 25,043,183 7,996,713 108,353,336 21,911,54386,441.793

26 127,751,225 25,182,6277,998,098 106,581,128 20,237,879 86,343,249 Apr. 9 128,702,192 25,732,161 8,221,753 110,176,088 22,438,9:50 87,737,138

9 129,865,752 25,748,667 8,449,401 11,692,509 23,549,945 88,142,544 16 129,368,994 25,478,108 8,293,459 111,695,711 23,607,914 88,087.797 23 129,192,807 26,068,155 8,289,112 112,627,27) 23,671,45388,9 55,814

80 128,706,705 26,329,805 8,300,672 113,217,504 23,655,166 89.562,338 May 7 129,519,905 26,086,632 8,804,032 115,586,810 26,714,76788.872,043

14 129,680,408 25,171,335 8,490,983_113,141,178 24.445,03988,696,639 21 128,701,558 26,090,008 8,352,723 112,731,646 24,177,516 88.554,130

28 127,137,660 24,319,822 8,232,653 107,064,005 21,501,650 85,562,355 June 4 125,006,766 23,728,3118,427,642 103,207,002 20,628,166 82,578.836

J1 122,958,928 22,132,275 8,391,11699,042,966 20,159,42278,883,536 18 121,800,195 23,192,217 8,281,11199,170,335 20,042956 79,127.979

25 121,744,449 21,759,881 8,216,04397,353,393 19,160,378 17,193,115 July ༅ 122,401,778 22,491,665 8,365,79098,920,318 20,787,701 78,132,612

9_121,614,633 22,494,649 8,553,06198,090,655 21,077,648 77,013,012 16 120,405,668 23,323,679 8,201,67597,237,070 19,121,159 78,136,911 28 19,934,160 21,196,9128,170,62694,416,054 19,114,11175,301,943

30 119,347,412 20,764,564 8,214,95991,707,877 17,232,98274,474,896 Aug. 6 118,988,059 20,083,877 8,623,050 91,891,234 19,366,379 72,524,855

18 17,757,14l 20,744,582 8,419,60688,975,864 17,443,211 71.532,353 20 117,990,199 21,403,448 8,317,66991,248,799 18,038,889 73,209,910

27 117,541,070 20,728,066 8,234,27989,471,646 17,679,829 71,71.817 Sept, 3 118,184,258 21,478,299 8,373,31893,250,438 20,094,729 73,155,709

10 118,421,430 21,767,248 8,513,06292,732,824 20,095,939 72,636,895 17 119.366,352 21,512,680 8,444,76694,002,72120,865,322 73,147,399

24 119,387,320 20,660,486 8,357,20693,460,300 20,729,701 72,730,599 0ct, 1 118,208,752 19,259,126 8,337,70291,823,441 21,011,336 70,812,105

8 117,211,627 19,493,144 8,585,739 92,560,175 23,048,968 69,501.307 1 117.289,067 19,651,293 8,463,81691,921,699 21,830,679 70,091,020 22 17,317,499 20,907,097 8,411,21893,544,951 21,977,883 71,567,068

99 118,414,428 21,248,975 8,276,40495,24 5,331 22,162,150 78,088,181 Nov. 5 120,118,037 20,228,342 8,627,42196,900,567 23,226,669 73,673,898

12 121,206,352 20,186,956 8,448,55597,657,512 22,977,32176,680,191 19 121,520,686 19,743,371 8,283,52096,913,346 22,239,807 74,673,539

26 121,423,183 18,831,9248,271,27897,080,059 23,517,88673,562,173 Dec, 9 122,137,034 20,046,667 8,898,819 100,49,079 24,190,359 i6,258,722

10 122,925,408 19,750,535 8,481,48699,524,708 22,953,28176,571,427 17 122,903,577 20,420,839 8,393,02698,996,569 21,710,094 17,286,475 Bosrow BANKs.-cAPITAL, 485.125,433.)

Due Loans. Specie. Circulation. Deposits. to banks. from banks. 8 .. 60,069,424 8,548,934 6,543,134 22,387,838 10,789,1357,083,737

60,310,965 8,296,892 7,016,104 21,615,468 1,263,7667,137.234 i7. 60,106,798 7,931,712 6,793,723 21,127,712 11,139,7007,111,264 94 .. 59,400,354 7,383,391 6,609,374 20,727,905 10,480,4547,037,715

31., 58,992,566 7,088,736 6,224,137 20,598,4519,657,823 6,547,510 Fab.7..59,120,142 6,814,589 6,514,576 20,845,520 9,506,146 ,05t,113

VOL. XLII.—NO. I.

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Dae Loans. Specie. Circulation. Deposits. to banks. from banks. 14..

59,087,249 6,671,619 6,332,342 19,983,631 9,391,733 6,763,270 21 ..

59,099,993 6,679,740 6,275,458 20,082,960 9,318,961 6,699,735 28 .. 58,636,328 6,410,563 6,283,959 19,469,489 9,184,941 6,815,160 Mar. 7.. 58.892,981 6,386,580 6,578,472 19,935,6498,477,968 6,673,623 14 ..

58,436,379 6,265,661 6,372,298 19,202,0298,456,312 6,330,719 21 .. 58,152,742 6,238,518 6,227,150 19,809,807 7,945,389 6,817,368 28 .. 57,672,804 6,370,283 6,108,505 19,908,785 7,767,582 6,864,684

68,031,003 6,401,822 6,386,853 20,899,191 7,665,274 7,524,274 11.. 68,320,346 6,488,147 7,858,869 21,422,531 8,410,087 8,509,638 19 ... 58,496,225 6,496,137 6,985,273 21,666,840 8,663,857 8,343,446

25 .. 58.160.215 6.726.647 6.812.855 21.668.615 8.237.561 7.834.888 May 2. 58,178,264 6.910,187 6,658,260 21.990,246 7,850,530 7,346,135

58,211,765 6,907,587 7,241,597 21,852,338 7,998,226 8,077,777 16 ..

68,445,596 6,851,787 7,064,757 21,466,499 7,704,870 7,805,577 57,996,456 6.700,975 7,013,197 20,845,917 7,642,472 7,565,826 67,318,243 6,874,399 6,664.483 20,769,108 7,289,128 7,549,033

57,430,695 6,738,884 7,009,878 20,718,977 7,090,735 7,852,924 13 ..

57,972,199 6,672,767 6,863,659 20,118,4266,865,611 7,778,657 20 .. 58,203,731 6,453,596 7,082,781 20,229,249 7,134,285 7,460,245

58,474,300 6,180,858 6,552,901 19,878,0067,099,839 6,663,773 59,037,935 5,493,396 6,935,803 20,017,147 7,076,162 7,283,020 58,802,700 5,234,600 7,371,600 18,846,900 7,307,000 7,300,400 58,773,537 4.645,866 6,890,858 18,422,769 6,854,245 6,731,181

68,214,940 4,662,014 6,987,221 18,201,927 6,838,207 7,110,420 Aug. 1.. 57,972,321 4,667,352 6,887,768 18,033,821 6,511,893 6,331,385

58,122,483 4,926,056 6,678,764 17,957,506 6,680,316 6,359,393

58,123,231 4,769,101 6,570,163 17,417,279 6,570,922 5,764,922 22 ..

58,016,685 4,922,414 6,444,603 17,602,981 6,857,698 6,090,950

68,089,045 5,094,717 6,259,360 17,569,101 6,892,813 5,749,899 Sept. 5.. 58,567,981 5,115,478 6,495,950 18,159,586 6,921,705 6,153,490 12 .. 58,765,279 5,129,751 6,612,539 18,190,067 7,009,345 6,237,555

58,351,495 5,342,342 6,650,383 18,459,463 6,946,411 6,296,528 26 ..

58,580,748 5,164,191 6,648,280 18,527,936 6,979,094 6,724,476 68,735,636 5,195,497 6,694,038 19,165,983 7,000,547 7,237,090 58,881,297 5,451,900 7,420,173 19,635,881 7,018,707 7,975,757

58,762,928 5,542,585 7,133,034 19,653,268 7,202,078 7,828,215 24 ... 58,433,628 5,648,712 6,991,568 19,379,720 6,961,026 7,416,931 31.. 58,321,757 5,762,822 6,632,123 19,652,888 6,964,995 7,157,049

7.. 69,036,007 5,447,489 6,983,075 20,344,878 6,576,609 7,650,086 14 ... 59,338,369 5,245,205 6,885,008 19,587,724 6,845,183 7,144,018 21 ... 59,488,359 5,045,858 6,816,774 19,555,848 6,908,100 7,110,251

28 .. 69,220,885 4,855,433 6,802,704 18,821,988 7,195,212 7,247,335 Dec. 6. 69,628,260 4,715,576 6,773,030 18,971,401 7,209,628 7,440,865

PHILADELPHIA BANKS.-(CAPITAL, $11,632,295.) Date.

Loans.

Specie. Circulation. Deposits. Due banks, Jan. 3.... 26,451,057 6,063,356 2,741,754 17,049,005 3,424,569

26,395,860 6,067,222 2,854,398 17,138,607 3,297,816 17....

26,365,385 6,050,743 2,830,384 17,323,908 3,258,315 26,283,118 6,099,317 2,769,145 17,498,219 3,093,921

26,320,089 6,138,245 2,709,311 17,557,809 3,159,539 Feb. 7

26,472,569 5,970,439 2,786,453 17,007,167 3,307,371 26,527,304 5,991,541 2,804,032 16,384,087 3,695,963 26,574,418 6,017,663 2,782,792 16,129,610 3,964,000

26,509,977 5,982,260 2,778,252 16,012,765 4,086,651 Mar. 7. 26,719,383 5,926,714 2,901,337 16,372,368 3,854,990

26,685,873 6,046,248 2,900,832 16,703,049 3,841,605 26,856,891 6,136,539 2,923,551 16,899,846 3,929,010

26,967,429 6,296,429 3,029,255 17,476,060 4,109,455 Apr. 4.... 27,737,429 6,363,043 3,425,196 17,154,770 4,329,343 11....

27,884,568 6,144,905 3,580,447 17,002,878 4,668,135 18.... 28,808,106 6,404,375 3,364,531 17,829,494 4,519,146

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