43.-Youth's Coronal. By HANNAH FLAGG GOULD. 18mo., pp. 125. New York: D. Appleton & Co. This is a charming little book of poems, every one of which sparkles like a gem. They abound in bright and happy thoughts, very naively expressed, and cannot fail to arrest and absorb the attention of youth, while they awaken the purest feelings and instil into the mind the happiest sentiments. 44.-The Immortal: A Dramatic Romance: and other Poems. By JAMES NACK With a Memoir of the Author. By G. P. MORRIS. 12mo., pp. 172. New York: Stringer & Townsend. This drama was written by the author at the age of eighteen, and the very character of the plot shows a considerable elevation of mind, a refinement of thought, and a nobleness of principle quite unusual at that age. Its versification is smooth and harmonious, and its perusal will afford much gratification. 45—The Leather-stocking Tales. By J. FENIMORE COOPER. Author's revised edition. Vol. 4. The Pioneers. 12mo., pp. 505. New York: George P. Putnam. We have frequently spoken of this edition of Cooper's novels, as the finest and the cheapest in all respects yet published. The Pioneers, which is the fourth volume that has been issued with all the author's corrections, is in equally handsome style with the previous ones. 46.-The Artist's Chromatic Hand-book. Being a Practical Treatise on Pigments ; their Properties and Uses in Painting, To which is added a few Remarks on Vehicles and Varnishes. By JOHN P. RIDNER. 12mo., pp. 144. New York: George P. Putnam. The author of this manual has carefully consulted all the best authorities on his subject, and has presented the public with a little work which will prove quite valuaable to all who have a taste for exercising the art of painting. 47.-Poems of Hope and Action. By WM. OLAND BOURNE. 8vo., pp. 142. New York: George P. Putnam. The author shows considerable elevation of thought, and anticipates greater and nobler things yet to come than any the world has ever seen. The versification is smooth and polished, and establishes for the author a more than ordinary claim to rank in the honorable fraternity of those who drink at the "Pierian spring." 48.-Cecilia and Annette, or Indifference and Friendship; with other Tales. Translated from the French of Madame GUIZOT. 18mo., pp. 96. Boston: A. Tompkins. The author of this little book has not inappropriately been styled the "Edgeworth of France;" and her production possesses literary excellence and enlightened morality in an eminent degree. This is the first of a juvenile series undertaken by the same publisher, and if this is a just specimen, they will be worthy of much commendation as books for youth. 49.-Olive. A novel. By the author of "The Ogelvies." 8vo., pp. 140. New York: Harper & Brothers. This is a very agreeable story, and is marked chiefly by great delicacy of sentiment and feeling. It is written with spirit and vigor, and will be found well worthy of perusal. 50.-Marston, of Dunoran. A tale. 8vo., pp. 97. New York: Dewitt & Davenport. This graphic romance has originally appeared in the numbers of Littell's Living Age, and is now published entire in its present form. 51.-The Adventures of David Copperfield the Younger. By CHARLES DICKENS. With Illustrations by H. K. BROWNE. 8vo., pp. 327. Philadelphia: Lea & Blanchard. This is a cheap edition of a very agreeable work of Dickens, which has been issued in numbers and is now complete. Its publication in its present form must awaken renewed interest in the fruits of that inimitable pen which has afforded such gratification to all. 52.-Harpers' Library of Select Novels. No. 151. Singleton Fontennoy, R. N. By JAMES HANNAY, late of Her Majesty's Navy. 8vo., pp. 148. New York: Harper & Brothers. MERCHANTS' MAGAZINE AND COMMERCIAL REVIEW. Established July, 1839. BY FREEMAN HUNT, EDITOR AND PROPRIETOR. PUBLISHED MONTHLY. At 142 Fulton-street-At Five Dollars per Annum. The number, for December, 1850, completed the TWENTY-THIRD semi-annual volume. The work has been enlarged since its commencement in July, 1839, and each volume now contains more than Seven Hundred large octavo pages. A few complete sets of the Magazine may be obtained at the publisher's office, 142 Fulton-street, New York, neatly and substantially bound, for Two DOLLARS AND A HALF per volume. We give below, a few of the many commendatory letters, from distinguished statesmen, addressed to the Editor of the Merchants' Magazine. Letter from the Hon. HENRY CLAY, U, S. Senator from Kentucky. ASHLAND, 20th July, 1849. DEAR SIR-I wish to express to you the gratification I derived, on receiving the July number of the Merchants' Magazine and Commercial Review, from viewing your portrait in the beginning, and from reading your address to your friends at the end of it. When we feel under obligations to those who have contributed to our information and amusement, we are naturally desirous to possess all the knowledge of them, of their appearance, of the features of their countenance, and of the character and habits of their mind, which we can acquire. You have placed your numerous readers, (at least you have me, if I may not speak for them,) under those obligations; and the number of your valuable work now before me, in some degree satisfies the desire to which I have alluded. I have become quite familiar with the Magazine and Review, and have no hesitation in expressing my humble opinion that it is eminently entitled to the public regard and support. It collects and arranges, in good order, a large amount of valuable, statistical and other information, highly useful, not only to the merchant, but to the statesman, to the cultivator of the earth, to the manufacturer, to the mariner, in short, to all classes of the business and reading community. Entertaining this opinion, I am glad that it has been, and hope that it may long continue to be liberally patronized. FREEMAN HUNT, ESQ. Offering you cordial assurances of my esteem and regard, Extract from another Letter of HENRY CLAY to the Editor. I have long known the great merits of your Magazine, the most useful and valuable of all the publications known to me, published in the United States." Extract of a Letter from Hon. MILLARD FILLMORE, President of the U. States. "I have read it" (Merchants' Magazine,) "with a good deal of attention, and have no hesitation in saying, that I think it one of the most valuable periodicals that was ever published. To the merchant, it seems quite indispensable, and to the statesman, and man of general information almost equally desirable. It is a grand repository of useful facts and information, which can be found nowhere so well digested, and so accessible as in these numbers. I only regret that I do not own the whole work." From Hon. JOHN MACPHERSON BERRIEN, U. S. Senator from Georgia. "I have been, for some time past, in the possession of the several volumes and numbers of the 'Merchants' Magazine,' and in the habit of referring to it. I can therefore unhesitatingly say, that I consider it a very valuable addition to the library of the statesman, as well as the merchant, and express as I do cordially, the hope that its publication may be continued with increased benefit to yourself, as I feel assured it will be with advantage to the public. Letter from the Hon. THOMAS H. BENTON, U. S. Senator from Missouri. MR. FREEMAN HUNT-SIR:-I owe you many thanks for the opportunities I have had to read the Merchants' Magazine, and have found it in reality to be a magazine, and that well replenished, of all the useful matter which the title would imply, and presented with a fullness and clearness which delights while it instructs. It is in fact, a merchants' magazine in the large acceptation of the term-merchants who go between nations-whose large operations bring many departments of knowledge, and a view of the state of the world, into daily requisition. But it is not the great merchant only, but the one of more modest, but, nevertheless, of most useful operations-the merchant of the interior also-who will find this magazine to abound with the information, the pursuit of his business, and the elevation of the mercantile character requires. Nor is its utility at all confined to merchants, but extends to the Legislator and Diplomatist, and to all who are charged with managing the affairs of a nation. For myself, I have found it most useful to me in my senatorial labors, and have been in the habit for many years, of carefully consulting it. Very respectfully, sir, Your obedient servant, Extract of a Letter from Hon. WASHINGTON HUNT, Governor of the State of New York. "I am gratified to learn from your letter that your valuable Magazine continues to receive a liberable support from the public. I have long considered it one of the most useful publications in the country. Indeed, it may be regarded as indispensable, not only to the statesmen but to all who wish to be well-informed respecting the commerce of the world, and the rapid growth and vast importance of our commercial interests. A work of so much interest and usefulness ought to have a place in every school district library of the United States. I wish by some such means it might be brought within the reach of every intelligent man in the country. I am convinced that it has done much to liberalize and nationalize the public mind, and I hope your circulation may continue to increase, until the patronage of the work shall be equal to its merits." Extract of a Letter from the Hon. EDMUND BURKE, late Commissioner of Patents. **** When it first commenced, I thought its contents presented a rich treat, but, from that time to the present it has continued to improve in the variety, excellence, and value of the intellectual repast it has monthly presented to its readers. Although professedly devoted to the interests of that enterprising and enlightened class of our countrymen, the merchants, it is not more valuable to them than it is to the statesman and political economist. I know of no work which equals it in the variety, copiousness, and accuracy of the statistical information which it contains, and which, in my view, constitutes one of its most valuable features. Another feature in the Magizine which I like very much, is the spirit of free discussion which pervades its pages. You act wisely in permitting all parties to be heard upon the mooted theories of trade and commerce, which involve to some extent the great problem of modern civilization, thus keeping open and free from obstruction, the only direct avenue to truth. Your publication is equally creditable to the periodical literature of the day. Its leading articles exhibit abundant proof of the ability, research and industry of their authors. In short, I esteem the Merchants' Magazine as second to no publication of the kind, published in this or any other country." Letter from Hon. WILLIAM H. SEWARD, U. S. Senator from New York. MY DEAR SIR-Have the goodness to place my name on your list of subscribers for the Merchants' Magazine. I regard it as an invaluable work for the use of all who would understand, not merely commercial operations in this extending country, but the fiscal and commercial questions involved in the administration of the government. I am, with great respect, your humble servant, WILLIAM H. SEWARD. FREEMAN HUNT, Esq., Editor Merchants' Magazine. CONTENTS OF NO. II., VOL. XXIV. ARTICLES. NUMBER II ART. 1. THE BENEFITS AND EVILS OF COMMERCE... PAGE. 147 II. INTERNAL IMPROVEMENTS IN THE STATE OF NEW YORK: A SKETCH OF THE RISE, PROGRESS, AND PRESENT CONDITION OF INTERNAL IMPROVEMENTS IN NEW YORK.-No. VI. RATES OF TOLLS ON THE NEW YORK STATE CANALS. By Hon. A. C. FLAGG, late Controller of the State of New York.... 156 III. THE INTERNAL MANAGEMENT OF A COUNTRY BANK.. 169 174 IV. THE INFLUENCE OF COMMERCE UPON LANGUAGE.-By A. R. RIDER, Esq., of New York... ... V. CURRENCY-INTEREST-PRODUCTION; A Dialogue. By J. S. R., MERCHANT, of Massachusetts 181 VI. INTERNAL TRADE.-MISSISSIPPI RIVER AND NEW YORK CANALS. By J. W. SCOTT, Esq., of Ohio.. 189 VII. MARITIME LAW.-POINTS RELATIVE TO FREIGHT. By FRANCIS O. Dorr, Esq., of the New York Bar.. 191 VIII. SUMMARY OF THE STATISTICS OF SWEDEN. Translated from the Swedish for the Merchants' Magazine. By Hon. GEORGE P. MARSH, Minister of the United States, at Constantinople, Turkey.... IX. GRAY'S NATURE OF MONEY; A Letter to the Editor. By GEORGE BACON... JOURNAL OF MERCANTILE LAW. The English Law of Bills of Exchange-On the effect which a Bill of Exchange has upon the debt or consideration for which it was given.. Marine Insurance-Policies on Freight-Ship Russia.. Collision at Sea-The Fanchon and Bonanza Railway Law Case-to recover for personal injury.. 194 199 200 202 205 205 COMMERCIAL CHRONICLE AND REVIEW: EMBRACING A FINANCIAL AND COMMERCIAL REVIEW OF THE UNITED STATES, ETC., ILLUSTRA TED WITH TABLES, ETC., AS FOLLOWS: Commercial Prosperity-Imports and Exports of New York in 1847-50-Increase of Export Trade-Value of Produce received, via Canals, on the Hudson, and at New Orleans, via Mississippi, with United States Exports for the last nine years-Cotton Consumed-Population of the United States-Consumption of Cotton in Great Britain and the United States compared -Imports of Dry Goods into United States-Imports of Dry Goods and Specie into New York for last year-Exchange Market Rates of Bills in New York-Rise in the Price of Silver-The Importance of a Mint in New York-Securities for Free Circulation held by the Controller of New York State-Progress of the Free, and the Safety Fund Banking System VOL. XXIV.-NO. II. 10 206-212 COMMERCIAL STATISTICS. Imports. Exports, Consumption, and Tonnage of the United States, from 1821 to 1850. Importation of Coal into the United States from 1801 to 1850... PAGE 212 213 214 Importation of Teas into the United States from the establishment of the Government to 1850... 215 Value of Breadstuffs exported from the United States from 1821 to 1850.. 215 Importation of Coffee into United States from 1790 to 1850... 216 Import of Wines into United States from 1842 to 1850.-Lake Trade of the United States.... 216-217 Exports of Provisions from Ports of the United States in 1849-50 218 Trade between United States and Canada.. 218 Value of, and Duties on, Imports into United States from 1844 to 1850 219 Trade and Commerce of Western Africa.-Statistics of Monrovia, the Capital of Liberia. Receipts of Cotton at Boston from 1844 to 1850.-Exports of Ice from Boston from 1845 to 1850.. 227 Exports of Boots and Shoes from Boston from 1845 227 Navigation and Exports of Baltimore in 1850.-Tonnage of Connecticut in 1850 228 Trade of Boston with California.... Exports of Philadelphia to Foreign Ports in 1850.-Foreign Commerce of Charleston, S. C., in 1850 229 Imports of Wheat and Flour at Buffalo and Oswego in 1849-50.. 229 230 COMMERCIAL REGULATIONS. Commercial Regulations of Spain .... Synopsis of the new Tariff of Cuba New Russian Tariff.-Port Charges of San Francisco. Of Vessels from the British Provinces.. JOURNAL OF BANKING, CURRENCY, AND FINANCE. Money Matters." Editorial Remarks, and a Letter to the Editor Import of the Precious Metals at Southampton... Deposits and Coinage at the Mint of the United States, Philadelphia.. Stock Dividends paid in Boston, January 1st, 1851.. Coinage of Great Britain in 1849.-Spurious Spanish and American Coins.. Condition of the Banks of South Carolina, November 1, 1850 Condition of the Banks of Massachusetts in 1850.. Condition of the Banks of New Orleans.-Finances of New Jersey in 1850. Increase of Wealth and Population in Massachusetts. New York City Stocks and Debt .. Coinage of Gold Dollars with Reference to the Scarcity of Change San Francisco City Scrip and Finances Condition of the Banks of Baltimore in 1850. A London Banker's Will.-Increase of Banking Capital in Pennsylvania The Debt of Pennsylvania.-Bullion and Circulation of Banks in Europe. The Director of the French Mint on the Gold Question.. The Gold of California Valuation of Property in Massachusetts.. Public Debt of the United States.-Assistant Treasurer's Report for December, 1850.. NAUTICAL INTELLIGENCE. Sailing Directions for the Pacific Coast. The Patent Fog Screamer and Ventilator RAILROAD, CANAL, AND STEAMBOAT STATISTICS. Length and Cost of Railroads in Pennsylvania.-Vermont and Massachusetts Railroad.. Statistics of New York Railroads in 1850.. Steamboat and Railroad Line between New York and Boston Fall River Railroad.-Opening and Closing of the Lehigh Canal.. Lumber Shipped by the Lehigh Canal.-Railroad Enterprise in Indiana JOURNAL OF MINING AND MANUFACTURES. Manufacture of Flour in St. Louis. Discovery of a Lead Mine in California.. Condition of Manufactures in Virginia in 1850..... New Fur Fabric.-Dubuque Marble.-Stoppage of Factories in the New England States. MERCANTILE MISCELLANIES. The Merchant Governor of Massachusetts.-Brazilian Teas.. Comparative Prices of Breadstuffs in London and Paris Merchants, Beware of the Money Mania.-Scarcity of Silver Coin THE BOOK TRADE. Noiices of Thirty-nine New Books or New Editions 230 231 232 233 233 237 237 238 239 240 241 242 243 244 245 245 261 247 247 248 249 250 251 252 253 254 257 258 259 260 560 261 261 262 263 264 265 266 266 266 267-272 |