MERCHANTS' MAGAZINE. Vstablished July, 1839, by Freeman Hunt. VOL. XXXIX.-NO. I. 1 -inguer Prices -Consumption of Cotton---Lower Prices of Materials....76-87 2 MERCHANTS' MAGAZINE. Established July, 1839, by Freeman Hunt. VOLUME XXXIX. JULY, 1858. NUMBER I. AET. CONTENTS OF NO. I., VOL. XXXIX. ARTICLES. PAGE I. INDEPENDENT TREASURY SYSTEM. Present System of the Federal TreasuryWorking of the Act - Objects of the Bill-Sources for Supply of the Metals-Places of Import-Mint at Philadelphia - Legal Tender-Demand for Coin-Amount of Revenues -Accumulation of Specie – Imports advance the Duty-Accumulation of Specie supposed an Evil-Deficit in Revenue-Treasury Principle applicable to States-Act of Ohio-Revenues of Ohio-Distribution of Coin-Revenues of Thirty States - Whole Amount to be collected-Bank-notes in Circulation-Small Notes-Mode of Ascertaining the Specie in the Country-Table of Supply-Amount in the Country-Immigrants -Amount Brought by Each-Silver Coinage-Supplies by Immigration -Circulation of the Country-Specie to Bank-notes-Working of Ohio Laws-Banks of United StatesIndividual Notes-Value of Cotton Crops-Specie takes place of Paper Currency furnished by Banks-Net Circulation 19 27 II. MERCANTILE BIOGRAPHY-LIEUT. GENERAL SIR WILLIAM PEPPERRELL, V. DEBTS AND FINANCES OF THE STATES OF THE UNION: WITH REFER- Admiralty--Damages to Cargo--Deposition--Stowage.. Lien-upplies-Meaning of the Word Port-State Law.. Jurisdiction-Freight-Cartage of Coal.-Salvage-Derelict.-Supplies-Lien COMMERCIAL CHRONICLE AND REVIEW. 49 62 71 73 74 75 EMBRACING A FINANCIAL AND COMMERCIAL REVIEW OF THE UNITED STATES, ETC., ILLUS. TRATED WITH TABLES. ETC. AS FOLLOWS: State of Business--Accumulation of Business--Wants of Government--Estimates of Expenditure -Increase of Deficit--New Loans--Negotiation of Treasury Notes--New York State Loans - Michigan Loans--ity of Detroit--Railroad Wants-Exchanges, Rates of--Specie Movement--Receipts of Gold--Exports from New York--Assay-oflice--Mint Returns --Coin in Banks--Comparative Loans--Rates of Money--Clearings in New York for the year, Progress of--Decline of Business--Ratio of to Loans-Bank Tables--Resumption at the South-Kentucky Bank Law--Tennessee Law--Small Notes --State of Circulation-Low Prices require Less Money--State of rops and Goods-Imports for the Season-Value put on the Market -Goods in Bond--Short Credits--Backward Business--Small Purchasers-Higher Prices Abroad-Manufactures more Active--Consumption of Cotton---Lower Prices of Materials....76-87 VOL. XXXIX.-NO. I. 2 |