This leaves the total imports of dry goods at New York, since January 1st, nearly $50,000,000 more than in the corresponding period of last year. The warehousing account shows an excess entered for warehouse, indicating an accumulation : IMPORTS OF FOREIGN DRY GOODS AT THE PORT OF NEW YORK, FOR ELEVEN MONTHS, FROM JANUARY 1ST. Total thrown on market.... $86,618,710 $80,197,524 $68,497,755 103,579,741 $9,250,711 $22,513,141 $6,669,271 $7,474,463 Miscellaneous dry goods.... Total... Add entered for consumption.... 78,636,091 66,116,396 49,001,658 96,921,255 Total entered at the port..... $87,886,802 $88,629,537 $55,670,929 104,395,718 The export trade for the month shows some recovery from the small figures of last year, but exclusive of specie they are still less than in some of the previous years. This is mostly attributed to the small export of breadstuffs : EXPORTS FROM NEW YORK TO FOREIGN PORTS FOR THE MONTH OF NOVEMBER. Total exports................... 3,865,635 $6,140,437 Total, exclusive of specie.. 7,799,350 6,826,482 The exports, exclusive of specie, are small as compared with the years previ ous to the last, and the deficit is in breadstuffs : EXPORTS FROM NEW YORK TO FOREIGN PORTS FOR ELEVEN MONTHS, FROM JANUARY 1. Domestic produce..... Foreign merchandise (dutiable)... Total exports........ 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 : 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 payment 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 $194,000 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, 1853, was To 1st of January, 1854... $2,962,687 00 4,571,416 87 1855.. $4,121,884 37 Loss, amount returned by Selden, Withers & Co. 10,000 00 4,111,884 37 To 1st of January, 1856... 1,405,403 09 1858. 2,653,570 00 583,060 00 1,866,800 00 1,226,500 00 To 30th September, 1859, being for part of this calender year, and ending with the fiscal year 1859..... Total..... $19,480,321 33 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..... Of this the Commissioners of the Sinking Fund hold as an invest ment Actual outstanding debt due to others than the State....... Total...... Thus, for the old debt of $11,971,838 30 the sum of... For six per cent on the new five per cent debt, amounting to 1,083,657 20 29,106,659 43 $11,971,838 30 19,480,321 33 $31,452,159 63 $838,028 68 1,233,072 46 111,900 00 Total... $2,183,001 16 STATEMENT OF INTEREST ONLY AS CONTRASTED WITH THE INTEREST AND SINKING FUND. Whole interest for the year will be $1,787,828 96; but there will be redeemed $201,150 of the five and six per cent debt, which saves the interest of that amount to add to the surplus required for redemption. The real amount is .... Interest and sinking fund.. Excess over interest, applied to the extinguishment of the public debt for the year 1860........ $1,782,164 68 2,183,001 16 $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 : CITY WEEKLY BANK RETURNS. NEW YORK WEEKLY BANK RETURNS.-(CAPITAL, $68,645,014.) Average Actual deposits. Loans. Specie. Circulation. Deposits. Jan. 8 128,538,642 28,399,818 7,930,292 113,800,885 20,974,263 92,826,622 15 129,349,245 29,380,712 7,586,163 116,054,328 20,598,005 95,456,323 29 129,540,050 29,472,056 7,457,245 116,016,828 20,950,428 95,066,400 29 129,663,249 27,725,290 7,483,642 113,012,564 19,174,629 93,837,935 Feb. 5 130,442,176 25,991,441 7,950,855 114,678,173 22,712,917 91,965,256 12 129,106,318 25,419,088 7,872,441 109,907,424 20,560,606 89,346,818 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 19,785,055 88,215,837 Mar. 5 125,221,627 26,769,965 8,071,693 108,646,823 22,626,795 86,800,028 12 126,205,261 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 21,911,543 86,441,793 26 127,751,225 25,182,627 7,998,098 106,581,128 20,237,879 86,313,249 Apr. 2 128,702,192 25,732,161 8,221,753 110,176,088 22,438,950 87,737,138 9 129,865,752 25,748,667 8,449,401 111,692,509 23,549,945 88,142,544 16 129,968,924 25,478,108 8,293,459 111,695,711 23,607,914 88,087,797 23 129,192,807 26,068,155 8,289,112 112,627,270 23,671,453 88,955,814 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 26,714,767 88,872,043 14 129,680,408 25,171,335 8,490,933 113,141,178 24,445,039 88,696,639 21 128,701,553 26,090,008 8,352,723 112,781,646 24,177,516 88,554,130 28 127,137,650 24,319,822 8,232,653 107,064,005 21,501,650 85,562,355 June 4 125,006,766 23,728,311 8,427,642 108,207,002 20,628,166 82,578,836 11 122,958,928 22,132,275 8,391,116 18 121,800,195 23,192,217 8,281,111 25 121,744,449 21,759,881 8,216,043 July 2 122,401,773 22,491,665 8,365,790 121,614,633 22,494,649 8,553,061 16 120,405,658 23,823,679 8,201,675 119,934,160 21,196,912 8,170,626 119,347,412 20,764,564 8,214,959 Aug. 6 118,938,059 20,083,877 8,623,050 13 117,757,141 20,744,532 8,419,606 20 117,990,199 21,403,448 8,317,669 27 117,541,070 20,728,066 8,234,279 Sept. 3 118,184,258 21,478,299 8,373,318 10 118,421,430 21,767,248 8,513,062 17 119,366,352 21,512,680 8,444,766 24 119,387,320 20,660,436 8,357,206 Oct. 1 118,208,752 19,259,126 8,337,702 9 23 8 117,211,627 19,493,144 8,585,739 15 117,289,067 19,651,293 8,463,816 22 117,317,499 20,907,097 8,411,218 29 118,414,428 21,248,975 8,276,404 Nov. 5 120,118,037 20,228,342 8,627,421 99,042,966 20,159,422 78,883,536 99,170,335 20,042,356 79,127,979 97,358,393 19,160,278 77,193,115 98,920,313 20,787,701 78,132,612 98,090,655 21,077,648 77,013,012 97,257,070 19,121,159 78,136,911 94,416,054 19,114,111 75,301,943 91,707,877 17,232,982 74,474,895 91,891,234 19,366,379 72,524,855 88,975,864 17,443,211 71,532,353 91,248,799 18,038,889 73,209,910 89,471,646 17,679,829 71,791,817 93,250,438 20,094,729 73,155,709 92,732,824 20,095,939 72,636,895 94,002,721 20,855,322 73,147,399 93,460,800 20,729,701 72,730,599 91,823,441 21,011,336 70,812,105 92,550,175 23,048,968 69,501,307 91,921,699 21,830,679 70,091,020 93,544,951 21,977,883 71,567,068 95,245,331 22,162,150 73,083,181 96,900,567 23,226,669 73,673,898 97,657,512 22,977,321 76,680,191 96,913,346 22,239,807 74,673,539 97,080,059 23,517,886 73,562,173 100,449,079 24,190,359 76,258,722 99,524,708 22,953,281 76,571,427 21,710,094 77,286,475 12 121,206,852 20,186,956 8,448,555 19 121,520,636 19,743,371 8,283,520 26 121,423,163 18,831,924 8,271,278 Dec. 3 122,137,034 20,046,667 8,398,819 10 122,925,408 19,750,535 8,481,486 17 122,903,577 20,420,839 8,393,026 98,996,569 BOSTON BANKS.- —(CAPITAL, $35,125,433.) Loans. Specie. Circulation. Deposits. Jan. 3.. 60,069,424 8,548,934 6,543,134 22,357,838 |