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Scotland, iron trade of....
Scythes, manufacture in N. Hampshire of... 125
Sea soundings, deep
Sea, and the circulation of its waters....... 412
Sermon of Commerce..
Shaffner, T. P., biography of........
Ship building, new mode of

66

....

at port of New York
Ships built by McKay, East Boston..

........

........

659
700
511
255
741

"and steamers, cause of fire in......... 389

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Transitu, stoppage of goods in
Traveling on the road and rail.
Treaty of Commerce between U. S. and Peru 86
"U. S. & Netherlands 616
Tunnel on the Pennsylvania railroad ....... 263

66

66

U.

732

Umbrellas, manufacture of in New York.... 763
United States, exports of manufactures from. 742
rates of postage from ......... 746
gold coinage of....
mint, gold ingots of.. ...: 725
receipts and expenditures of... 730
full statistics of railroads of.... 107
mint regulations......
601
mining in England and the.... 641
public debt of.......
614
laws relating to gold coins of.. 606
Stuart's naval & mail steamers. 580
statistics of financial history of. 608
bank capital and circulation of. 101
treaty between, & Netherlands. 616
treasurer's statement
99
treaty between Peru and the.. 86
trade between Belgium and the 634
manufacture of glass in ....... 119
manufacturing towns of.....
consular system of....

373

132

lat. and long. on western coast. 500

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233

66

512

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606

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Silver mining in Spain

381

Silver and bullion, purchase of at U. S. Mint 733

66

Silver mines in Mexico..

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Silver coinage of United States..

735

66

Silkworms, and production of...

767

Slavery, moral benefits of....

66

.454, 706

66

Sloan's Hydrostat for steam boilers...
Smyrna, channel of the bay of..

648

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Specie in New York city banks..

98

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64 imports at Boston of..

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Stanford channel, Lowestoft

248

66

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Statistics of population....

East India and Pacific trade of. 367

.248, 517

66

Statistics, commercial..81, 233, 361, 473, 621, 738
Steamers, appropriatious for mails by
Steam boilers, to prevent explosion of...... 648
Steamboat progress at the West..

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mails by ocean steamers...... 504

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stocks, redemption of......... 493
railroads in the..

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statistics... 107, 257, 383, 501, 637, 753
in United States..

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real and personal property in.. 103

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treasury notes outstanding.... 100
act to prevent fraud on treasury 619
imports of, in 1852.....

473

506

758

391
487

passages of Collins and Cunard.. 257 Usage, important case relating to mercantile. 458
Improvement in....

Street merchants

Stock market of Baltimore in 1852...

Stuart's naval and mail steamers of U. S..... 580
Straits of Juan de Fuca, latitude, &c., of..... 634
St. Louis, trade and Commerce of, in 1852.. 420
46 debt of the city of..

106
499

Vacuum sugar pans

Sub-marine Telegraph.
Substitute for artificial illumination ........ 516
Sugar, importations into Baltimore of....... 181
pans, vacuum...
...... 378

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Value of gold, depreciation in value of
Variation in level of Lake Ontario
Vessels cleared at Baltimore

arrived at Baltimore in 1852

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admeasured at Baltimore in 1852.... 236

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tobacco, shipments at Lynchburg.. 482

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viii

W.

Wales, tariff of New South

PAGE

245

Warehousing, goods entered at N. York for. 214
Wealth, property and natural..

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444

485

Wisconsin, its resources, condition, &c...
Wine, production in Missouri of..
factories in London. ...
financial condition of.

193

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Whale fishery, statistics of North Pacific..... 364
Arctic

66

...... 522

Y.

Whaling business, the Pacific............... 629 Yield of Sugar in Texas..
66 voyage, libel suit.
Wheat from New York and Western States.. 481
709
Whisky, merchantable...

66 prices of, at Baltimore..

Z.

333 Zinc and Franklinite, New Jersey

239

315

183 Zoll-Verein, German, Commerce of.........

738

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CONTENTS OF NO. I., VOL. XXVIII.

ARTICLES.

ART.

PAGE.

I. CONSCIENCE IN THE COUNTING-ROOM; OR, THE TRUE INTERESTS OF THE MERCHANT. By T. W. HIGGINSON, of Massachusetts............................

19

II. THE COTTON TRADE. By C. F. McCAY, of the University of Georgia...

III. COMMERCIAL Cities AND TOWNS OF THE UNITED STATES.--No. xxxIII.-THE CITY OF NEW YORK.-PART V...........

IV. BIOGRAPHICAL SKETCH OF GENERAL H. A. S. DEARBORN .........................

40

48

60

V. CODIFICATION AND LAW REFORM IN ALABAMA. By Hon. BENJAMIN F. PORTER, of Porterville, Alabama.....

67

JOURNAL OF MERCANTILE LAW.

Bill in equity to settle conflicting claims arising under a will.....

.......

71

COMMERCIAL CHRONICLE AND REVIEW:

EMBRACING A FINANCIAL AND COMMERCIAL REVIEW OF THE UNITED STATES, ETC., ILLUSTRA❤

TED WITH TABLES, ETC., AS FOLLOWS:

General review of the course of commercial affairs for the year-Prices of cotton, breadstuffs, and manufactured goods-Reflections upon the general prosperity, with the danger incident thereto Increase of banks, in its effect upon monetary affairs-Increase in the number of mercantile houses, with the corresponding evils-Rapid extension of well-projected railroads less an evil than generally apprehended-Basis of the present commercial expansion-Commerce of the United States, with a comparison of the total imports and exports of the whole country for a series of years-Balance of trade-Revenue and expenses of the United States -Foreign relations of the country in their effect upon Commerce-Review of the estimated increase of our foreign indebtedness-State of the money-market-Deposits and coinage at the Philadelphia and New Orleans Mints for November-Ditto at all the mints from January 1st-Imports of foreign merchandise at New York for November, and from January 1st-Notice of some items of free goods-Imports of dry goods, with full particulars of the description of fabrics-Increase in the per centage of revenue, showing a comparative excess in the receipts of articles of luxury-Cash duties received at New York for November, and from January 1st-Exports to foreign ports for November, and from January 1st-Shipments of produce compared for two years-Rumors of imperial speculations in breadstuffs.......... 73-80 VOL. XXVIII.—NO. I. 2

PAGE.

81

COMMERCIAL STATISTICS.

Commerce of the Danube, embracing exports, imports, navigation, etc., etc., for the year 1851..

COMMERCIAL REGULATIONS.

Treaty of friendship, Commerce, and navigation, between the United States and the Republic

of Peru

JOURNAL OF BANKING, CURRENCY, AND FINANCE.

Population, Finances, etc., of the European States..
Property, taxes, etc., in each county of North Carolina.
Specie in New York city banks and sub-treasury

United States Treasurer's statement, November 22, 1852..

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RAILROAD, CANAL, AND STEAMBOAT STATISTICS.

Statement of railroads in the United States, showing the time when opened, number of miles
in operation, number of miles in course of construction, and cost, etc
Cincinnati, Hamilton, and Dayton Railroad....
Canal Commerce at Rochester, New York...

86

94

97

98

99

100

100

100

101

102

102

103

103

104

104

104

105

105

105

106

106

106

106

107

115

116

117

Railroad freights between Albany and Buffalo..

JOURNAL OF MINING AND MANUFACTURES.

The first mining operation in North America. No. 11....

The manufacture of glass.-No. v. By DEMING JARVIS, Esq., of Massachusetts
The Australian gold mines...

117 119

122

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HUNT'S

MERCHANTS' MAGAZINE

AND

COMMERCIAL REVIEW.

JANUARY, 1853.

Art. I.-CONSCIENCE IN THE COUNTING ROOM: OR THE TRUE INTERESTS OF THE MERCHANT.

"My brethren, this is never to be forgotten, that our New England is originally a plantation of Religion, and not a plantation of Trade. Let merchants and such as are making cent per cent remember this. Let others who have come over since at several times, remember this, that worldly gain was not the end and design of the people of New England, but Religion. And if any man among us make Religion as twelve, and the world as thirteen, let such an one know he hath neither the spirit of a true New England man, nor yet of a sincere Christian."-John Higginson at Salem. 1663.

It is claimed in our title that "the true interests" of the MERCHANT forms the subject of this article; but to define what those true interests are, must be left to the essayist. He must vindicate the claim of the interests he urges. The interests of the merchant are commonly supposed to lie in his money; but every merchant was a Man before he was a Merchant, and the interests of the Man must rank first. The changes of life or death may at any moment remove his riches from the merchant or the merchant from his riches; but the union between the man and his virtue is one which God hath joined, and none may put asunder.

There are practical interests of the merchant on which I have no advice to offer; instruction in these must be sought elsewhere. But inside of every Merchant there is a Man, and to that Man, modified as he may be by the education, habits, and pursuits of his avocation-to him and his interests I write. The ancient philosopher thanked God for his wealth; and when his property was destroyed by fire and shipwreck, he thanked God (it is recorded) yet more, because he had been taught the wisdom which left him as well off as he was before. It is this wisdom alone of which I can attempt to treat; nor can you wisely disregard this. For the end of life, as even you

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