Panic makers, commercial.. 234 Railroad progress of New York and Erie....... 436 Panics, cause of commercial.................. 282 for marine implements.......... 428 66 64 track sprinkler........ 44 Petersburgh, Va......... 436 99 296 ........... 452 556 bank charters.............................. 309 Railroads, passengers on English and Irish............. Raritan mining company.................. a model store in................. 569 Peru, changes of duties upon imports into...... 329 66 ૫. QUAY duties at Mauritius...... ............. 46 46 467 468 468 265 266 678 561 S. New York and Erie....... ........... 66 Great Western (Canada).. 642 428 631 643 217 Ships built by Brown & Bell...... United States.................................... 564 United States, com. of all nations, in 1847, with 90 46 commercial code of......... 59, 178, 619 Specie, export of, from New York to England, France, etc.... 82 St. Helena, shipping touching at....... 645 113 66 653 64 Steamboats in United States in 1810.... ves-els, act of U. S. concerning Spanish. 218 Steamers between N. Orleans and New York.. 116 46 South Carolina, vessels built in, in 1847. 567 value of exp. of, to all countries.. 61 built in each State of, in 1817.. 95 value of principal articles of, ex- Sugar, production of, in Texas.... export of, from Manilla to U. S., 1813-47 424 trade of, with Great Britain..... 325 490 exports from New Orleans of.. revenue and cz; enditure of...... 304 455 sales of public lands of.. ..... 414 477 337 and trade of Morocco............................................ 648 Usurious interest, suits to recover back... 669 Usury laws, short chapter on the.................. 445 455 export of, from China to Great Britain.... 424 the law of debtor and creditor in.... 64 iron mines in.. 46 production of cotton and sugar in...... 233 Vermont, vessels built in, in 1847........ 95 VALUE of different cochineals.. 234 171 99 452 Venezuelan ports, Baltimore exp. of produce to. 198 exports from New Orleans of.... 515, 645) 269 WAR injurious to commerce.... 470 669 19 ... 454 355 ULSTER. (Ireland,) condition of Bank of....... 315 Y. ....... 324 290 United States, agricultural productions of...... 121 YACHTS, regulations in the navigation of... ... 331 State of, in 1847.. commerce of, with United States. cotton consumed in the.......... 89 86 I. INTERNAL COMMERCE OF THE WEST: ITS CONDITION AND WANTS, AS ILLUSTRATED BY THE COMMERCE OF MICHIGAN, PRESENT AND PROSPECTIVE. By J. R. WILLIAMS, Esq., II. THE MERCHANT. GERMAN PROSE WRITERS. BY DAVID R. Jacques, Esq.. III. COMMERCIAL CITIES AND TOWNS OF THE UNITED STATES.-No. X.-NEW- BURGH, (N. Y.) Location and settlement-Early inhabitants-Effects of the embargo and war of 1812-Enterprise of Jacob and Thomas Powell--Newburgh Whaling Company-In- vestment in manufactures-Water power-Newburgh branch of the Erie Railroad-Statistics of Newburgh-Steamboats and other vessels belonging to Newburgh-Value of real and per- sonal estate in Newburgh-Agricultural statistics-Manufactures-Steam mills-Powder works -Brewery-Highland factory-Newburgh print works-Oil cloth factory-Oil mill-Mills- 41 IV. COMMERCIAL CODE OF SPAIN.-No. 5.-MARINE AVERAGES, AND FORCED ARRIVALS OR ARRIVALS IN DISTRESS. By A. NASH, of the New York Bar......... V. THE MERCANTILE HOUSE OF A. AND S. HENRY AND CO.......... VI. JAMES WILLIAM GILBART, F. R. S., GENERAL MANAGER OF THE LONDON AND WEST- MINSTER BANK, (with a portrait.) His early history-Provincial Bank of Ireland-Waterford Literary and Scientific Association-London and Westminster Bank-Mr. Gilbart's evidence before the Committee of the House of Commons on banks of issue-Present and letter to him from the Joint Stock Banks-His published works-His private character......... Rights of children and grand-children of British-born subjects who have recently become subjects of Libellant charter party-Right assumed by consignees of deducting a commission upon freight money COMMERCIAL CHRONICLE AND REVIEW, EMBRACING A FINANCIAL AND COMMERCIAL REVIEW OF THE UNITED STATES, ETC., ILLUSTRATED WITH TABLES, ETC., AS FOLLOWS: The money market-Discredit of English houses-French Revolution-Exports of specie from New York to England, France, etc.-Precious metals-Spring business-Political difficulties in Europe- Elements of prosperity-The loan of the Federal Government of $16,000,000-The loan of the State of New York-Exports of domestic produce from the United States in four years-Result of the re- volution in Western Europe-Tendency of the commercial policy of the United States, etc.-Com- merce of the German Zoll Verein-Imports into Germany-Cotton consumed in the German Zoll 2 COMMERCIAL STATISTICS. Commerce and Navigation of the United States for the year ending 30th June, 1847... Commerce and Navigation of each State and Territory in 1847......... Tonnage cleared from each State and Territory of the United States in 1847......................... COMMERCIAL REGULATIONS. Act to provide for the ventilation of Passenger Vessels in the United States....... Act of the United States extending privileges to American Vessels engaged in a certain mentioned trade, etc...... Construction of the Tariff of Canada.......................... PAGE 87 88 89 90 92 93 95 96 97 98 99 101 Maury's Wind and Current Chart-Vessels bound south of the Equator..... Condition of the banks of Rhode Island from October, 1845, to May, 1848.. J07 Condition of the banks of the State of New York from May, 1846, to March, 1848.................. 108 Dividends of the Baltimore banks in 1847 and 1848......... 108 The banks of Vermont in 1847.............. ................ ........ 109 109 The copper coin of the United States....... JOURNAL OF MINING AND MANUFACTURES. Doings of the United States Patent Office in 1847-Mr. Burke's Third Annual Report... Steamers between New Orleans and New York....... Wilmington and Raleigh Railroad Company.-A new Locomotive Engine........ MERCANTILE MISCELLANIES. Twenty-eighth Annual Report of the Boston Mercantile Library Association...... The True Man of Business. By WILLIAM H. STARR........ Comfort for merchants' clerks in London... A successful merchant... Honduras Mahogany Trade..... Agricultural Productions of the United States in 1847...... 115 ........ 116 THE BOOK TRADE. Comprehensive Notices of New Works, or New Editions.... 122-128 HUNT'S MERCHANTS' MAGAZINE AND COMMERCIAL REVIEW. JULY, 1848. Art. I. INTERNAL COMMERCE OF THE WEST: ITS CONDITION AND WANTS, AS ILLUSTRATED BY THE COMMERCE OF MICHIGAN, PRESENT AND PROSPECTIVE. In the pages of this Magazine have recently appeared several articles on "Progress." The same subject is proposed in this article, but the progress of Peace, and not of Conquest-the progress and development of what we possess, and not the subjugation of all we crave. Hardly a section of our new country but stands a living and noble monument to show that "Peace hath her victories No less renowned than war." The vast and incalculable prospects of the great West in their general bearings have been, from time to time, presented in these pages. Statis. tics, alas! too often too severe a test for many a magnificent theory, when applied to the most enthusiastic calculations relative to the commerce and growth of the Lake and Mississippi basins, exceed every hope and prophecy. These dull details of figures become romance. The arithmetician distances the poet. It is here proposed to devote a few paragraphs to the present condition, and prospective commercial importance of a single State of the West, the new State of Michigan. Michigan embraces two peninsulas. The Upper, lying between Lakes Superior and Michigan, embraces 20,664 square miles; the Lower, lying principally between Lakes Huron and Erie on one side, and Lake Michigan on the other, embraces 39,856 square miles-in all 60,520 square miles, or 38,732,800 acres an extent of territory larger than England and Wales. The history of the settlement of Michigan is more singular, in many respects, than that of any Western State. While the vast wilderness of |