II. RECIPROCAL TRADE BETWEEN THE UNITED STATES AND THE BRITISH PROV- INCES. BY GEORGE W. POTTER, Esq., author of "The Institutions of New York,” etc., V. THE SUB-TREASURY AND THE TARIFF. BY RICHARD SULLEY, ESQ., of New York.. 611 VI. COMMERCIAL SKETCHES WITH PEN AND PENCIL. THOMAS PRENTICE KET- VII. COMMERCIAL CODE OF SPAIN.-No. VIII-MARITIME INSURANCE. Translated from the "Codigo de Comercio" of Spain. By A. NASH, ESQ., of the New York Bar.... 628 Constitutionality of the Passenger Law of New York... Extent of the Liability of a Factor who disobeys the Order of his Principal.. EMBRACING A FINANCIAL AND COMMERCIAL REVIEW OF THE UNITED STATES, ETC., ILLUSTRA- TED WITH TABLES, ETC., AS FOLLOWS: Amelioration in the Money Market since our last-Rates of Exchange in New York-Shipment of Gold from San Francisco-Emigration to California-Exports of Domestic Produce from the United States for last six years-Importation of Breadstuffs into Great Britain and Ireland- Average Prices of Grain in Great Britain-Exports of Flour, etc., from Ports of United States to Great Britain and Ireland from September, 1848, etc.-Merchants' Exchange Bank-Increase of Stock Companies, etc.-Prices of United States and other Stocks-United States Treasury Notes Outstanding-Revenue and expenditures of the United States Government Funds in the Imports of Iron and Steel into the United States in 1847, with Duties under the Tariff of 1842 and 1846...... 645 Tobacco Trade of Rotterdam and Amsterdam.... Imports and Exports of Flour and Wheat of the United States from 1831 to 1848, inclusive.. RAILROAD, CANAL, AND STEAMBOAT STATISTICS. 647 647 648 649 Railroads from Albany to Buffalo.... Number of Passengers carried on the Railroads between Albany and Buffalo.. Tolls received on all the New York Canals in 1847–8............. Comparative Cost of American and European Railroads... Law relating to the Statistics of New York Railroad Corporations........ Law of New York requiring Steamboats to carry Life-Boats, etc.. 651 652 652 653 654 655 656 JOURNAL OF BANKING, CURRENCY, AND FINANCE. Bank of France since the Revolution of February, 1848... 657 Comparative Condition of the Bank of France on the 6th of April and 27th of October, 1848..... 659 Act of New York State relating to the Responsibilities of Stockholders in certain Banking Corporations Usury or Free Trade in Money. The Pennsylvania Law of Promissory Notes.. Compound Interest Table. By W. CUTTER, Esq........ Condition of the Banks of New Orleans for the Month of April, 1849. 661 666 667 668 669 669 670 The Pawnbrokers and the Savings Banks..... The Stock Exchange Brokers of Wall-street. COMMERCIAL REGULATIONS. The Canadian Tariff of 1849. 671 MERCANTILE MISCELLANIES. The New York Chamber of Commerce and the Merchants' Magazine... HUNT'S MERCHANTS' MAGAZINE AND COMMERCIAL REVIEW. JUNE, 1849. Art. I.-BANKING IN INDIA.* AMONG the numerous colonies of Great Britain, there are none at this moment more important, or contemplated with more interest by men of all classes and opinions, than her possessions in India. That vast territory which has been the theater of so many brilliant exploits in war, and the harvest field of the most princely fortunes, is still the region upon which the attention of merchants, philosophers, political economists, and statesmen, is turned with the most hopeful anxiety. Under her native princes, celebrated for their immense wealth, and under the dynasty of her Tartar lords, the territory of India was covered with splendid cities, her provinces intersected by large canals, her plains enriched by agriculture. Temples and monuments of great architectural beauty were erected as the trophies, and still remain as the memorials of art. Although at the period of British ascendancy India labored under many disadvantages from the merciless and profligate character of her native princes, and the invasions of hostile tribes, it is beyond al question that under these very native princes she had attained to great wealth, power, and distinction. From that period, however, her political position and commercial character have undergone important changes. The gradual extension and firm establishment of the British power has completely altered The following original paper, contributed to our Magazine by the writer, G. M. BELL, Esq., Banker, of England, will be read with interest. Mr. Bell is regarded in England as one of her best writers on practical banking, and for several years wrote the banking articles in the Atlas newspaper. He is also the author of several volumes on banking, among which may be named the "Philosophy of Joint Stock Banking," published in London by Longman, Orme, Brown, & Co. in 1840; "The Currency Question; an Examination of the Evidence on Banks of Issue, given before the Select Committee of the House of Commons in 1840," &c., published in 1841; "The Country Banks and the Currency; an Examination of the Evidence on Banks of Issue," &c., published in 1842, &c. Mr. Bell has for some time past been engaged on a Banking Dictionary, on the plan of McCulloch's Commercial Dictionary, which will of course embrace Banking in all its aspects and bearings throughout the whole commercial world. We shall probably take occasion, in a future number of our Journal, to refer to the writings of Mr. Bell more fully, reviewing his new work at some length on its appearance.-Ed. Mer. Mag. |