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EDITOR OF THE LIBRARY OF COMMERCE, ETC.; CORRESPONDING MEMBER OF THE AMERICAN
STATISTICAL SOCIETY; MEMBER OF THE NEW YORK HISTORICAL SOCIETY; HONOR-

ARY MEMBER OF THE MERCANTILE LIBRARY ASSOCIATIONS OF NEW YORK,

BOSTON, BALTIMORE, AND LOUISVILLE, ETC., ETC.

VOLUME FOURTEEN.

FROM JANUARY TO JUNE, 1846.

NEW-YORK:{"

PUBLISHED AT 142 FULTON-STREET

MDCCCXLV 1.

57676

15 8.14

ADVERTISEMENT.

THE number for June, 1846, completes the 14th volume, and the 7th year of the existence of the "Merchants' Magazine." The reputation it has acquired at home and abroad, and the success that has marked its progress, encourage the editor and proprietor to renewed efforts to render it worthy of the continued support of the intelligent classes in the community, whose interests it has aimed to promote, by a careful compilation of the statistics of trade and commerce, and of the various industrial movements of our own and other countries. We have endeavored to infuse into our journal, a national spirit and character, by securing the aid of able correspondents in all parts of our wide-spread Republic; and by exhibiting the resources of every state and territory of the Union. On mooted points in political economy, banking, and the principles of trade, we have freely admitted articles advocating antagonistic doctrines and opinions; and, while it is our great aim to exhibit facts, and embody the practical operations of commerce, the Magazine will ever be open to the free and fair discussion of every subject legitimately falling within its general scope.

The "MERCHANTS' MAGAZINE AND COMMERCIAL REVIEW" will continue to include in its design every subject connected with Commerce, Manufactures and Political Economy, as-Commercial Legislation; Commercial History and Geography; Mercantile Biography; Essays from the ablest pens on the leading topics of the day, relating to Commercial Affairs; Descriptive, Statistical, and Historical Accounts of the various commodities which form the subject of Mercantile Transactions; Port Charges; Tariffs; Customs and Commercial Regulations; Treaties; Commercial Statistics of the United States, and the different countries of the world with which we have intercourse, including their Physical Character, Population, Productions, Exports, Imports, Seaports, Moneys, Weights, Meas

ures, Finance and Banking Associations, and Enterprises connected with Commerce, embracing Fisheries, Incorporated Companies, Railroads, Ca. nals, Steamboats, Docks, Post Offices, &c.; Principles of Commerce, Finance and Banking, with Practical and Historical Details and Illustra tions; Commercial Law and Mercantile Law Reports, and Decisions of Courts in the United States and Europe, including Insurance, Partnership, Principal and Agent, Bills of Exchange, Sale, Guaranty, Bankruptcy, Shipping and Navigation, &c., and whatever else shall tend to develop the resources of the country and the world, and illustrate the various topics bearing upon Commerce and Commercial Literature; and we may venture to say that no work heretofore published, embraces in its pages so large an amount of information on all these subjects, as the fourteen volumes now completed.

To those who have contributed to the support of the work, by adding their names to our subscription list, as well as to those who have added to the value and interest of its pages, we beg to express our hearty and unfeigned thanks, at the same time that we bespeak their aid for the future. Our brethren of the press will also accept our thanks. No slight encour agement has been their approbation and assistance, and, in bringing our work favorably before the public, we feel certain that their efforts have been exceedingly instrumental. Our means of enhancing the value of this Magazine are constantly increasing; and, with new sources of infor mation, and an extending correspondence abroad, and other facilities, which seven years' devotion to a single object have enabled us to make available, we shall be able to render the work a perfect vade mecum for the merchant and manufacturer, as well as the statesman and political economist, and, indeed, all who desire information on the multifarious operations of business life.

A few complete sets of the work, embracing fourteen volumes, neatly bound, can be had by applying to the office of publication, 142 Fultonstreet, New York.

NEW YORK, JUNE 1st, 1846.

TO THE

FOURTEENTH VOLUME OF THE MERCHANTS' MAGAZINE.

JOHN SPARE, M. D., of Massachusetts.

E. HASKET DERBY, Esq., Counsellor at Law, of Massachusetts.
Hon. HENRY C. MURPHY, late M. C., of New York.

Prof. J. L. TELLKAMPF, LL. D., of Columbia College, New York.
JAMES H. LANMAN, Esq., of Pennsylvania.

ELIJAH WARD, Esq., Counsellor at Law, of New York.

D. L. RIDDELL, Esq., of the U. S. Branch Mint at New Orleans.
WILLIAM KIRKLAND, Esq., of New York.

Hon. ROBERT C. WINTHROP, M. C., of Massachusetts.

J. L. HOMER, Esq., of New York.

T. E. SICKELS, Esq., Civil Engineer, of Pennsylvania.

J. W. SCOTT, Esq., Editor of "Toledo Blade," Ohio.

Hon. THOMAS G. CARY, Member of the Massachusetts Senate.
JOHN S. WRIGHT, Esq., Editor of "Prairie Farmer," Illinois.
JOSEPH E. BLOOMFIELD, Esq., of New Jersey.

HENRY G. RICE, Esq., Merchant, of Massachusetts.

JOHN W. ELLIS, Esq., Merchant, of Ohio.

JAMES M'CUNE SMITH, M. D., of New York.

CHARLES EDWARDS, Esq., Counsellor at Law, of New York.

J. F. ENTZ, Esq., of the Life and Trust Company, of New York.
F. B. DEAN, Jr., Esq., of Virginia.

GEORGE A. WARD, A. M., Merchant, of New York.

JUNIUS SMITH, Esq., of New York.

ABIJAH INGRAHAM, M. D., of New York.

C. C. JEWETT, Esq., Librarian of Brown University, Rhode Island.
E. MERIAM, Esq., of New York.

Hon. WILLIAM STURGIS, Merchant, of Massachusetts.

HENRY TRACY, Esq., Civil Engineer, of New York.

CHARLES FRASER, Esq., of South Carolina.

A. NASH, Esq., Counsellor at Law, of New York ;. and

FREEMAN HUNT, sole Editor and Proprietor.

The names of the contributors are appended to the titles of the several articles in the table of contents, on the first page of each number, except such as have been prepared or adopted by the Editor.

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