CONTENTS OF NO. VI., VOL. XXVIII. ARTICLES. ABT. PAGE. 1. FINANCIAL HISTORY OF THE REIGN OF LOUIS PHILIPPE. Translated from the French of M. 8. DUMON, late Minister of Finance, for the Merchants' Magazine..... 659 II. A SERMON OF COMMERCE. By Rev. J. T. HENDRICK, of Clarksville, Tenn...... III. THE MILK TRADE OF NEW YORK 672 682 IV. TRAITS OF TRADE-LAUDABLE AND INIQUITOUS. By a Merchant of Massachusetts 690 696 V. RISE AND FALL OF LAKE ONTARIO. By E. MERIAM, Esq., of New York 700 VII. THE MORAL RESULTS OF SLAVERY. By. T. W. HIGGINSON, A. M., of Massachusetts 706 EMBRACING A FINANCIAL AND COMMERCIAL REVIEW OF THE UNITED STATES, ETC., ILLUSTRA TED WITH TABLES, ETC., AS FOLLOWS: Summary review of the Spring trade-Traffic in domestic produce, with the results of attempted speculations-Course of the money market-Recent commercial disasters in their development of the principles of commercial supremacy-Growing importance of the railroad interest-Free banking system of Louisiana-Domestic exchanges-Stock market-Receipts of gold from California-Deposits and coinage at the mint and branches-Foreign imports for April-Imports at New York for four months-Increase in goods warehoused-imports of dry goods for the month of April, and from January first-Increased cash revenue of the country -Foreign exports for April and from January first-Exports of leading articles of domestic produce-Influence of the prosperity of the laboring classes on the consumption of provisions, etc.............. 719-725 JOURNAL OF BANKING, CURRENCY, AND FINANCE. PAGE. Of ingots of gold issued by the United States Mint... 725 726 Taxable property of Ohio, and its increase................................................ 727 728 730 731 Receipts and expenditures of the United States.-Shipments of gold dust at San Francisco...... Imports of precious metals into France, and coinage of France, Great Britain, and United States. 732 Provisions of the new coinage law of the U. S.-The new silver coinage of the U. S... 734 734 735 How banking is carried on in Cincinnati.-Cincinnati, Hamilton & Dayton Railroad, earnings, &c. 736 Assessments of taxes in Virginia in 1851 and 1852.-Assessment of property in Baltimore City.. 737 Gold bricks-ingots.-Of stolen bank notes.... 737 COMMERCIAL STATISTICS. Trade and Commerce of the German Zoll-Verein for 1851-52 Ships built at East Boston, Mass., by Donald McKay Statistics of the hog trade of the West.. Exports of cotton manufactures from the United States.-American Commerce with China.. Trade and Commerce of Canada..... Commerce of England and France compared.-Prices of coal at Rondout in 1853. British trade with China.... COMMERCIAL REGULATIONS. Tables of postage from the United States to foreign countries..... NAUTICAL INTELLIGENCE. 738 740 741 742 743 744 745 745 746 Notices to mariners.-Lights on the coast of Norway. Cape of Good Hope-Sunken rocks in False Bay. RAILROAD, CANAL, AND STEAMBOAT STATISTICS. Leading British railway shares in 1851-52.-Railways of France Receipts of railroads in the city of New York.-Railroad iron received at Cleveland.. 750 751 751 753 754 755 756 757 758 758 Steamers between Genoa and New York..... 759 Missouri railroads-cost of traveling on the road and the rail 759 Steam to the Brazils and the Rio Plate.-Investing trust funds in railroad stocks 759 JOURNAL OF MINING AND MANUFACTURES. Manufactures of Paris, No. I. Of food, and the branches of industry relating to it.. Silver mines in New Mexico.-Manufacture of umbrellas and parasols in New York.. Lake Superior mining share list.. New method of preserving timber.-Prices of lead and mineral at Galena Silk worms and the production of silk.-Value of the North Carolina copper mines 760 762 763 764 765 766 767 Castor oil for candles.-Iron trade of Great Britain.-How the indigo of Commerce is prepared. 768 MERCANTILE MISCELLANIES. 769 Securities of corporations.-Honesty of a colored clothes dealer New York Directory.-Panorama of Niagara Falls........ Mercantile Library Association of San Francisco...... The opium trade.-Rise of real estate in New York.-Flax-Improvement in its treatment Labor market in Australia.-Mercantile and maritime laws of England THE BOOK TRADE. Notices of 38 new works, or editions........... MERCHANTS' MAGAZINE AND COMMERCIAL REVIEW. JUNE, 1853. Art. I.—FINANCIAL HISTORY OF THE REIGN OF LOUIS PHILIPPE. THE Communications made to the National Assembly on the eve of its separation, by the Minister of Finance, made a deep impression upon the public. This is not extraordinary, for, embracing as they do the whole policy of our finances, seeking to regulate the past and to guaranty the future, they well merit the attentive consideration of all who take interest in the prosperity of France. Short as the past is, the charges upon it are already very heavy; while for the future, even now, at our doors, we have meager resources. The Minister of Finance announces, in the same breath, the necessity for a new loan, that the weight of the past may be lightened, and the necessity of new imposts to restore an equilibrium between the receipts and expenses. Notwithstanding the efforts made during the past eighteen months, nothing has been gained; the measure of our wants still exceeds that of our sacrifices. It was in vain that heavy disbursements extinguished the floating debt left by the last government, for that floating debt is rapidly reappearing, in consequence of an increase of expenditure and a daily decrease of receipts. On the first of January, 1848, it was 630,000,000 francs: on the first of January, 1850, it will have reached 550,000,000 francs. Notwithstanding the assistance afforded from extraordinary ways and means, the absolute suspension of the sinking fund, the low rate below par of all the public securities, will have furnished in two. years 780,000,000 francs,* to cover a daily increasing deficit, the Minister Suspension of sinking fund in 1848 and 1849 .francs 242,624,000 Disposable portion of the loan of 1841 (Compte des Finances for 1847, p. 400) Disposable portion of the first installments of loan of 1847 (Compte des Finances for 1847, p. 401)... 45,393,000 40,000,000 Loan of 1848........ 177,886,000 Loan to the stockholders of the Lyons Railway Co.... 54,148,000 Reimbursements from the Railway companies debtors to the State..... 45 centime tax ....... 15,000,000 191,260,000 Money deducted as security from payment.. ....... 10,000,000 The extraordinary works are estimated in the budget for 1848 and 1849........... 269,000,000 The above resources have been appropriated to the ordinary expenses to the am't of The estimated deficit of the minister of finance wholly applied to the ordinary expenses is...... 507,311,000 256,000,000 Total of the actual known excess of the ordinary expenses over the ordinary receipts for 1848 and 1849.......... 763,311,000 |