UC-NRLF $B t,37 fi7fi ill I i-jy/y.v.^'y/zr ^-yr. %^^ mm 1 ! pi i i t: li ; \ i . : F' ii 1 I Uh ijS tw^^ i pr ■ 1 ^ GIFT or UascroU y/m' 'mnc^.6^ A MANUAL FOE THE USE OF ^^OTARIES PUBLIC AMD BANKERS; COMPRISING A 8TTMMABT OP THE LAW OP BILLS OF EXCHANGE AND OF PROMISSORY NOTIIS, BOTH IN^ EUKOPB AND TUK UNITED STATES — CHECKS ON BANKKKS — AND fclGUT BILLS — WITH APPKOVED FORMS OF PROTEST AND NOTICE OP PROTEST ; AND P.EFEP.ENCES TO IMPORTANT LEGAL DECISIONS ; ESPECIALLY ADAPTED FOR THE rSE OF NOTARIES PUBLIC AND BANKERS. By BERNARD ROELKER, A. M., of the New York Bar. THIRD EDITION, WITH NUMEEOrS ADDITIONS IN REFEnENCE TO BILLS OP EXCHANGE AND PP.OMISSOBY NOTES; PROTEST ; TRANSFER OF BILLS AND NOTEi ; LETTERS OF CREDIT ; FORGED BILLS ; FRAUDULENT AND LOST BANK BILLS; SIGHT BILLS, AC, AND P.EFEKENCES TO RECENT DECISIONS IN THE UNITED STATES AND ENGLISH COURTS; AND A SYNOPSIS OF THE USURY LAWS OF EACH STATE, AND THE LAW OF DAMAGES ON PROTESTED BILLS. By J. SMITH HOMANS, Editor o{ the " Bankers' Magazine," and Notary Public in and for the City of New York. 53'cu)-ll|orIx : PUBLISHED AT THE OFFICE OF THE BANKERS' MAGAZINE, No. 162 Pearl-street. SOLD BY G. p. PUTXAM t II «g The following are a few of the many voluntary and favorable opinions expressed by Bank ofiQcers, as to the value of this work to Banking Institutions • MoNTlcKLLo Bank, CHA.RLOTTBByiLLB. Virginia, Dec. 8, 1S55. J. Smith IIomans, Esq., 162 Pearl Street, New-York : Dear Sir : — I enclose a check for subscription to your work to June next. It affords me pleasure to make this remittance, feeling satisfied it is by far the most prnjitable investme.nt we have ever made. I feel amply re- paid by the single article in the December No., " Suggestions to young Cashiers on the duties of their profession," s.x\i w ^xe the subscription price Jive times the sum, I should consider this article a good set off for the whole amount. Very Respectfully, B. C. Flannaoan, Cashier. Albany City Bank — I am surpriRed to learn that there are s« many banks in onr State not on your siibscrip- tinnlist. Now I might alniosl add my amazement that there should be a so/iiar;/ one of sound character not availing: itself of a work so useful and valuable as I regard your Magazine. It will give me pleasure to promote its circulation by any means in my power. I heard it very highly spoken of in London when there recently, and especially so by Mr. Gilbart, whose praise in that regard is worth having. Watts Sherman, Cashier Albany City Bank. April, 1851. From a Massachusetts Cashier. — I read your work with great interest, and I know that I have profited by it. I am confident that my success is owinij in a great measure to the information which your pages have given rae. Neiv-York Statb Bank, Albany. — I consider your work a very valuable one, and highly deserving the sup- port of bankers, and of the business community. You have my best wishes for your success. i. B. Plumb, C&ahier, Albany, April, 1851. Your periodical is one of the most valuable of the day. J. 8. Gibbons, Cashier Ocean Bank, April, 1851. - Agricultural Bank, Herkimer, JV. T. We prize the work very highly, and are very desirous of having it complete, that it may be bound and pre- served. The information it contains on the subjects of banking and finance is invaluable to the banker, the merchant, and the financier. September, 1650. Baltimore and Philadrlphia. — The undersigned, subscribers to the Bankers^ Jllagazine, have carefully examined the plan and execution of the work, and cordially approve of the manner in which it is conducted , believing that it is a medium of interesting and important information, and fully entitled to the support of banking instilulions throughout the U-nited States. C. C. Jamisov, Cashier Bank of Baltimore, K. Mickle, Cashier Union Bank of Maryland. D. Sphiog, Cashier MerrlKints Bank, " John S. GirriNGs, ['resident Chesapeake Hank, Jatod lliF.R, President Marine Bank, " 3. B. Trevor, Cashier Philadetiihin Bank. J. 11. (.^AUTER, Cashier Western Bunk, " W. Patton, Jr., Cashier Farmers' and Meek. Bmk, T. Cross, Cashier Commercial and Farmers^ Bank, JaMBS UusSell, Cashier Bank of Penn Township. Boston. — The undersigned coincide with the opinion above expressed, and cordially unite in recommending the Bankers' Magazine to all hankitii? institutions, as well worthy the attention of the presidents, eabhiers, di- rectors, and ofli'iers generally, of the banks throughout the United States. Jamkh Doon. Co-ihier Massachusetts Bank, Boston, W. FT. Foster, Cashier Bank of Ceimmerce, Boston. E P. Clark, Cashier JVew- England Bank " Charles Spraoue, Cushier Cinbe Bank, " IMPORTANT WORKS OF REFERENCE, FOR BANK DIRECTORS, CASHIERS, CLERKS AND MERCHANTS. THE MERCHANTS & BANKERS' REGISTER, (formerly Almanac.) For the years 1851, 1852, 1853, 1854, 1855, 1856, 1857. I. The Register ou Almanac for 1851 contains Coinage — Pnlilic Debt — Revenue Expenditures of tlie UiiifeJ States for eaoli year, laSD-lS.")!. 2. Ofticial Value of Foreign Coins. 3. Fluctuations of English and United States Stocks for the yc;ir 1850. 4. Rates of Exchange between London and New York for each month, 182'2-ls.')n. II. The Register or Almanac for 1852 contains Abstract of the Laws for the United States Mint. 2. Laws of the State of New York from Bank Depart- ment Bank Note Redemption Law — New Insurance Laws. 3. Notes on Coins in General Use. 4. McCullocirs Tables of Gold, Silver and Copper Coins of all Nations. 5. Fluctuations of Stocks in the \eav 1851. 6. Divisions in various States upon Bills of Excliange and Notes. 7. Table of Foreign Coins Current in the United States. 8. Forms of Bills of Exchange, in eight European languages. [^Xone of the above matters appear in the subsequent volumes.'\ III. The Register or Almanac for 1853 contains Commercial and Excliange Tables of all Nations. [Condensed from TaiCs Modern Camhist.'] 2. New Yavie- ties of Gold and Silver Coins and Bullion. By J. R. Eckfeldt and \V. E Du Bois, of the United States Mint. 3. Elaborate Essays from the " London Quarterly Review" and " London Economist," on the Production and Consumption of Gold and Silver throughout the World. 4. Engravings of Sixty-five Recent Gold Coins. 5. Census Returns of the United States — relating to Property — Mortality — The Blind — Insane, . IS. (i/-cumstances to Excuae Presentment. 19. Presentment— hi/ xchofn, to he made. 20. Mode of Presentment. 21. Mode, of Demand. 22. Kxceptions to JMnand. 23. Waiver of Piotest. 24. Protest of Foreign Bill-io7i>t in Neto Yorl\ 86. Persons ly v:hi.m Notice is Given. 87. Agents. C!I APTEli ir.— 3S. The Liahilily of Bonis a'< Agents. 89. (an a Demand he made legally hy a No'ary's Clerk? 40. Form of Ni'tice. 41. Use of J'' iiited. Signatures. 42. E.rcu.'^es for irant of Presentment. 43. Waiver of Notice. 44. Guaranty of Bills. 45. I'o.'^t Bills. 40. Forged Bills and Notes. 41. Days of Grace on Checks. CHAPTER III.— Of THE Tp.ansfkrofCills and Notes— I. 'Wiiomay Tkansfer.— 1. Transfershy Infants. 2. Triin.\fi;rshy Married Women. 8. TrawfersJiy Executirrs, Assigni-ex, Trtuitees. I'artners. 8 of Endoksers. — 1. Ohligations vpon Transfer hy Endorsement. 2 OtiUgaHons vpon Transfer ly Delivery, f,. Revocation of Endorsement. CHAPTER I v.— Op Eetters of Credit. CHAPTEP^ v.— Of Dank ^inT.%.— Forgery. LinhiUty for redemption of Stolen Bills. CHAPTER VI.— 77i« Laws of each State in reference id Interest and Damage on Bills of Exchange. One volmne, octavo, pp. 232. Frice $2 00. [Copies wilt be tnailed to order, price %2 00, including posiae/c, pre-paid.) J. SMITH HOMANS, Editor of the Bankers' Magazine, Ao. 1G2 J^carl-street, New York City. Manual for Bankers.— Tha title of this booV, -B-hich we transcribe nt length above, indioates with sufficient ili^tiiifliifss its ii.iture ami olijecis. Tliough we possess in gL-iiiriil ilie prcifefsional dislilie to Manuals and other S^lmrt-Haiicl Melhoilsof cramming law inio laymen, which "enlorprisinf; Pulilisliers" occasionally in- tlict on society, we iniisl except from llio rule I'f condemnatiun Ibis accnrale and convenient liltle Irealise, both on account of its subjects and its manner of prepaiation. A work of the kind is continually needed hy that class to which it addresses itself. From the character of their business they must frequently bo called upon to solve, iti action, questions upon the loss of hills and notes, which even a well-read lawyer would hesitate to answer ofi-hand. Tliis being so, ihe Kotary Puiilic, who very rarely has had any legal training, mu-t need at liis elhow some safe guide lo which he can turn with conflilence in an emergency for the requi- site information. Such, we can state from examination, is the work Ijefore us. It is a compact and careful summary of Iho law on subjects which it treats, with a collection - 4. SeK-ru.* Alexander to Claudius Gothicus. — 5. Aurelian to the End of the Western E.iipire. — 6. Byzan- tine Empire. IT. Greek Coins. — Greek Republics. III. Greek Monarchies. IV. Persia. V. Fieyiit. VI. .Syri*. VII. Le.s3er Monarchies of Gr »ce. Asia Minor, &c. VIII. Baciria, Bokhara. — Cabul. 'X. Mi'dern Conis. T. Additiooa. One vtinme, actavo, tett/i Siztyjlvt Engravings of Recent Coins q/various Xations. Price, One Dollar. For sale by all booksell«i the East of England Bank, Noneich) teas ateardti the premtmn of one hundred pounds sterling, offered by James W. Gilbart, Usq., of the London and Westmiiisier Bank. D3~ In press, for the Bankers' Magazine, " A Manual for Notaries Public, comprising a Summary of the Law of Bills of Exchange and Promissory Notes, with Forms, itc." All irders for the Bankers' Magazine to be forwarded per mail. J. SMITH HOMANS, Wall Street, New York. Bankers' Magazine Advertising Sheet. mmm mi mm » » ■ The Bankers' MAaAZii^E for September, 1854, contains, entire, the noted case of Ellis 4 Morton vs. The Ohio Life Insueanck and Trust Company, with the decision of the Superior Court of Cincinnati, as delivered by Judge Stoker, revised by him, and furnished for pahiica- tion in the Bankers' Magazine. Also, a summary of all the cases (forty in number) referred to by the Court, from the English and American reports ; these have now been brought together for the first time, and form a valuable series of cases for the Banker, upon the subject of Fraudulent Bills, Bank Checks, Bank Notes. SUMMARY OF CASES. Enolish Cases. — 1. Young vs. Grnte ; 2. Snnw vs. Peacock ; 3. Beckwith vs. Cnrratl ; 4. Slater V8. West , 5. AtlimanvB. Anderson; 6. Goodman vs. Harvey; 7. Uther vs. Rick; 8. Foster vs. Pears'm ; 9. Ilramah v». Roberts; 10. Price vs. Neal ; 11. Wilkinson vs. Lutividge ; 12. Jenyns vs. Fowler; 13 ISas.'i vs. Clive ; M Smith vs. Mercer ; 15. Jones vs. Hyile ; 16. Bruce vs. Bruce ; K. Smith vs. Chester ; 18. Lickbarmw vs. Mason ; 19. Wilkinson vs. Johnson; 20. Cook vs. Masterman ; 21. GUI vs Cuhitt ; 22. Down vs. Hailing; 23. Jiall vs. Fuller ; 24. Lawson vs, Weston ; 25. Crook vs. yarfi* ; 26. Backhouse vs. Harrison. American Casks. — 1. Levy vs Bank U. S. ; 2. Sank V. S. vs. Bank State of Georgia; 3. Gloucester Sank vs. Salem Bank ; 4. Bank of SI. Albans vs. Farmers' and Mechanics'' Bank ; 5. Bank of Commerce vs. Union Bank, N. Y. ; 6. Goddard vs. Merchants' Bank ; 7. Marsh vs. Small ; 8. CiV;/ Bank, JV. O., vs. Girard Bank ; 9. //er/ l^ Co., vs. Schultz ; 10. Powell vs. Jones ; 11. Talbot vs. Bank of Rochester ; 12. Canal Bank vs. .ffiniA of Albany ; 13. Cone vs. Baldwin; 14. VfAee/er TS. Guild; 15. Adams vs. Otterback ; 16. UVfSi^r V9. JVV.r/A Ritier .Su rti, JV. V. Every Bank and Private Banker, Bank Officer and Bank Director should have a ccpj 0/ these decisions. The present volume of the Bankers' Magazine will contain a History of Banking in Tennassee. Kentucky, Indiana, Illinois, Louisiana, and other States ; an alphabetical list of cashiers in tii*- United States; a list of private bankers in every town and city of the United States. Monthly, Five Dollars per annum. All orders to be addressed J. SMITH HOMANS, 70 Wan Street, N. Y. Fron.t Massachusetts Cashier. — I read your work with great interest, and I know that 1 have profited by It. I am coiifldent that my success is owing in a great measure to the mforination which y )ur jiages have given me. I consider your work a very valuable one, and highly deserving the support of bankers, and cf the businesu. community. You have my best wishes for your success. April, 1851. •'. R Plums, Caskutt. Albany. Your periodical is one of the most valuable of the day. April, 1851. J. S. GiBBriNs. I'a-ffVr Ocenn Bank, N. Y. Jlgrtcultuja, hank. Herkuner, /V. Y. We prize the work very highly, and are very desirous of having It rniii(i|eie, u- 1^ H may be ^M>lull^ nvA pr- scrved. The information it contaiiiS on the subjects of banking and Gnamu is inrn'tiable to ttio t>i;;ier, u.. merchant, and the tliiancier. September, 1850. I am surprised to learn mat mere are so many hanks In our Slate not 00 your suh.'criplion list. Nr>w 1 Biifht almost add my amazement that there should bo a solitart/ one. of sMini character, iim eagerly avMihri" Itself of a work so useful and valuable as 1 regard your Mug'»zitie. Ii will give me pleasure to pniniore iIr cir culation by any means in my power. 1 heard it very highly spoken of In London when there recently, and especially so by Mr. Gilbart. whiwo praise in thai roT"—' •• '"orlh having. IMPORTANT BANKING DOCUMENTS FOR THE USE OF BANK OFFICERS, DIRECTORS, PRIVATE BANKERS, &c. Contained in the new Volume of the Bankers' Magazine, July, 1855 — June, 1856. Copies of tlie Volume supplied to order, in Numhers,%d, or substantially bound,%a 75. I. FOREIGN BANKS.— 1. An Account of the French " Societe de Credit Mobilier." 2. Bank of British Nortli America. 3. Bank of Commerce and Industry, DariT:9taanks of Ireland. 12, Banks of Scot- land. 13. Austrian Bank du Credit Mobilier. 14. The Eoyal Bank of Prussia. 15. Bank of San Fern.T.ndo, Madrid. II. CURRENCY OR MONEY. — Its Natui-e and Uses, and the Effects of the Circulation of Bank Notes as Currency. By UoBEitT Hooper, Esq., of Boston. III. BANK REDEMPTION.— Proceedings of a Convention of Bank Officers at Syracuse, New York, to establish a " Bank of Mutual Redemption" for the Banks of the State. IV. LOCAL BANK HISTORY.— 1. Livingston County Bunk.Geueseo, N. Y. 2. Frank- lin Bank, of Baltimore. V. RAIL-ROADS. — Decision of the Superior Court of New York, in the Case of Mechan- ics' Bank, N. Y., vs. New York and New Haven Rail-Road Co. 2. Plan for a Clearing House for Railways. VI. LIFE INSURANCE. — Principles of Life Insurance. By Geouge Siieppard, Actuary, Toronto, Canada. 2. Proceedings of the London " Society of Actuaries." 3. Births, Marringes and Deaths of White and Free Colored in each State, and ratio to Population. 4. Sketch of the Tontine. New York. VIL BANK ARCHITECTURE.— 1. Engraved Views of recent Bank Buildings in tlie City of New York. 2. Premium Plans for Banking Houses. 3. A Description of the new Banking Houses in New York. 4. Remarks on Bank Architecture, and the principles that should be followed in the construc- tion of Banking Houses. 5. Prize Essay on Banking— Suggestions to young Cashiers on the Duties of their Profession. Bv Hon. Lorekzo Sabink, of Massachusetts. VIII. STATE FINANCES.— 1. Missouri. 2. Texas. 3. Tennessee. 4. Illinois. 5. Mas- sachusetts. 6. Pennsylvania. 7. Maryland. 8. Kentucky. IX. COINS, COINAGE AND BULLION.— 1. Report of the United States Mint for the year 1S55. 2. Rates for the Purchase of Silver by the Mint. 3. Is Silver a Legal Tender by the Laws of the United States? 4. New Jersey Horse-head Coins. 5. Trial of the I'yx. 6. Annual Report on British Coin- age. 7. Proceedings of the Numismatic Society. London. 8. Gold and Silver in Circulation each year since 1T90. 9. Notes onlhe History of the English Coinage. By Professor De Morgan. X. THE UNITED STATES.— L Annual Wheat Crop of. 2. Colonial Population. 3. Population. 4. Cotton Crop of, each year since 1S24. 5. Imports and Exports. 6. Progress of, since the yearlSOO. 7. Tonnage of. S. Foreign Wool consumed in. 9. Rail-Roads of. 10. Report on the Sub-Trea- sury of 11. Gold, Silver and Bank'CircuIation of, each year since 1792. 12. Bank Capital of each State. 13. An Account of the several Executive Departments of the United States, Washington. XI. BANK FRAUDS. — Proceedings in the late Case of Davidson and Gordon, London, Messrs. Strahan, Pauls nd fit only to be remanufactured ; rags, of whatever material ; raw hides and .ns of all kinds, whether dried, salted or pickled, not otherwise provided ior ; safflower ; saltpetre, or nitrate of soda or potash, when crude ; seed lac • shellac; sumac; tin in pigs, bars or blocks; tortoise and other shells unmanu factured; tumeric; waste or shoddy; weld; zinc, spelter or teutenegue, un- manufactured, not otherwise provided for. SCHEDULE I. [Free.'] Animals imported for breed ; bullion, gold and silver ; cabinets of coins, medals, and other collections of antiquities; cofifee and tea, when imported direct from the place of their growth or production, in American vessels, or in foreign vessels entitled by recipi'ocal treaties to be exempt from discriminating duties, tonnage and other charges ; coffee, the growth or production of the possessions of the Netherlands, imported from the Netherlands in the same manner; coins, gold, silver and copper; copper ore; copper, when imported for the United States Mint ; cotton ; felt, adhesive, for sheathing ; garden seeds, and all other seeds not otherwise provided for; goods, wares and merchandise, the growth, produce or manufacture of the United States exported to a foreign country, and brought back to the United States in the same condition as when exported, upon which no drawback or bounty has been allowed : Provided, That all the regulations to ascertain the identitj' thereof, prescribed by existing laws, or which may be prescribed by the Secretary of the Treasury, shall be complied with ; guano ; household effects, old and in use, of persons or families from foreign countries, if used abroad by them, and not intended for any other person or persons, or for sale ; junk, old ; models of inventions and other improve- ments in the arts : Provided, That no article or articles shall be deemed a model or improvement which can be fitted for use ; oakum ; oil, spermaceti, whale and other fish, of American fisheries, and all other articles the produce of such fish- eries ; paintings and statuary, the production of American artists residing abroad, and all other paintings and statuary : Provided, The same be imported in good faith as objects of taste, and not of merchandise ; personal household eflects (not mercliandlse) of citizens of the United States dying abroad; plaster of Paris, unground ; platina, unmanufactured ; sheathing copper ; but no cop- per to be considered such, and admitted free, except in sheets forty-eight inches long and fourteen inches wide, and weighing from fourteen to thirty-four ounces the square foot; sheathing metal; specimens of natural history, mineralogy or botany; trees, shrubs, bulbs, plants and roots, not otherwise provided for; wearing apparel in actual use, and other personal effects, not merchandise ; pro- fessional books, instruments, implements and tools of trade, occupation or em- ployment, of persons arriving in the United States : Provided, That this ex- emption shall not be construed to include machinery or other articles imported for use in any manufacturing establishment, or for sale. APPENDIX. The following important order has been issued from the Treasury Depart- ment : Treasury Department, March 17, 185Y. Sir, — I have to advise you, for j-our information and government, that all goods, wares or merchandise, which shall be in the public stores or bonded warehovsen on the 1st day of July next, whether now in bond or bonded at any time prior to that date, will be subject on entry for consumption after the said 1st of July, under the provisions of the act reducing the duties on imports, &c., approved 3d iiist., to no other duty than if the same had been imported after that day : but tliat goods, wares or merchandise, now in bond or hereafter bonded, if entered for consumption ^rior to the said 1st of July, will be liable to the payment of the rates of duty imposed by the tariff act of 30th January, 1846. Your obedient servant, Howell Corb, Sec. of the Treasury. H. J. Redfield, Esq., Collector, i,753,799 1,620,791 22,390,,559 1,268, oa3 523,949 1844 99,715,179 11,484,867 111,200,040 108,435,035 5,454,214 5,830,429 2,010,924 906,814 1845 99,299,776 15,:346,8;30 114,646,606 117,254,5W 8,606,495 4,070,242 2,053,977 930,275 1846 102,141,693 11,346,623 11:3,488,516 121,691,797 3,905,268 3,777,7:32 2,221,028 968,178 184Y 150,637,464 8,011,158 158,648,622; 146,545,638 1,907,024 24,121,289 2,202,393 1,176,606 1848 132,904,121 21,132,315 154,036,436 154,998,928 16,841,616 6,360,224 2,461,280 1,404,159 1849 132,666,955 13,083,865 14.5,755,820 147,857,4:39 5,404,648 6,651.240 2,75:3,724 1,675,709 1850 Tot. 136,946,912 14,951,808 151,898,720 178,138,318 7,622,994 4,628,792 2,6-32,788 1,728,214 $1,131,458,801 129,106,782 1,260,564,583 1,267,783,782 66,010,921 86,906,156 20,774,804 10,791,249 1&51 196,689,718 21,698,293 218.388,011 216,224,932 29,472,762 5,463,592 1 3,200,619 1,929,.535 1 1852 192,368,984 17,2S9,3S2 209,668,366 212,945,442' 42,674,185 5,505,044' 3,230,690 2,047,575 1853 213,417,697 17,558,460 230,976,157 267,978,647, 27,486,875 4,201, 3S2 3,766,789 2,298,790 1854 253,390,870 24,850,194 278,241,064 304,562,381 ■ 41.281,504 6,758,587! 3,911,.S92 2,107,802 1865 246,708,553 28,448,293 276,156,846 261,468,520 50,247,34:3 3,659,812 4,068,979 2,110,322 i 1856 310,586,330 16,378,678 826,964,908 314,039,942 45,745,485 4,207,632 1 4,538,864i 2,462,109 * 9 months to June 30, and the fiscal year from this time begins July 1. STEAM TONNAGE OP THE UNITED STATES. "The use of steam tonnage in the commerce between the United States and other American nations, and Great Britain, France, and other commercial nations, may, and it is thought by some wLU, considerably reduce the sail tonnage used in commerce, and that cheaper capital in Great Britain will give to that nation an advantage over the United States in steam tonnage, and the carrying trade of our own and other countries, and they attribute the reduction of our tonnage to that cause. This may be so, to some extent, but no continued reduction of our commercial tonnage is apprehended ; nor is it apprehended there is any just reason to suppose our enterprising sliip-builders and merchants will surrender the navigation of the seas to Great Britain, and place that nation in posses- sion of the carrying business of the world ; yet the subject is one of interest, and calls for a careful examination of our tonnage laws, and the removal of all impediments to an (ajual and fair competition for our foreign trade and the trade of other nations."— ZTretted States Treasury Report, December, 1856. American and Foreign Tonnage. 65 COMPARATIVE EMPLOYMENT OF AMERICAN AND FOREIGN TONNAGE, AS SHOWN IN THE IMPORTS OF THE UNITED STATES, IN 1831, 1841, AND 1851. STATES, ETC. 1831. 1841. 1851. In American vessels. In Foreign vessels. In American vessels. In Foreign vessels. In American vessels. In Foreign vessels. Alabama 14:3,320 180,573 405,066 21,656 110.196 236,293 5,969,622 832.803 4,513,897 13,982,768 27,299 146,205 53,017,633 186,802 153 11,623,584 562,101 853,171 166,266 383,797 81,115 12,982 5,514 103,6-12 8,797,671 109,104 312,680 236,238 3,460,384 9,.554 464 500,499 884,992 104,725 410,358 53,863 298,221 1,188 116,712 299,977 S,14l',683 574,664 5,348,866 18,835.492 137,608 83,875 61,585 1.919 66,688,750 214,731 9,563 9,840,354 333.929 1,217,955 7,523 246,739 351,917 120,461 23,466 2,768 2,088 28,469 149,030 2,115,262 126,297 752,447 1,482,511 192 12,ii6 396 9,024,676 5,629 1,755 500,344 5,663 339,476 25,326 48,736 4,462,700 80,527 820,858 88',875 404,477 3,609 1,754 213,576 1 10,134,465 963,061 5,662.066 23,117,834 182,146 845 622,039 44,682 106,568,635 125,978 586,460 11,541,212 295,209 1,646,915 64,761 62,745 691,268 227,339 108,500 869,710 '286 22,136 56,122 817,070 1,048 2,393,995 208.529 988,579 9,597,493 13,346 1,111 34,977,903 80,953 99,871 2,627,549 15,421 434,397 31 ',970 325,594 Columbia, District of. Connecticut Florida Illinois Indiana Kentucky Louisiana Maine Massachusetts MississinDi New Hampshire New Jersey North Carolina Ohio Pennsylvania Rhode Island South Carolina Texas Oregon Territory Total 93,962,110 9,229,014 113,221,877 14,724,300 168,216,272 52,563,083 TONNAGE OP THE UNITED STATES. "When our navigation laws were first enacted in 1789, the registered tonnage of the United States was secured against the i:irotecting navigation laws of other na- tions, by countervailing or protecting provisions. Such provisions were, from time to time, extended, so as to countervail the prohibitory enactments of the commercial nations with which we had intercourse. These commercial restrictions have gradu- ally yielded to the more liberal principles of freo trade in the transportation of freight and passengers, until in tliat business we have free trade with almost aU the nations of the earth, only marred by the charge of light money to our vessels, where we charge none. The removal of restrictions, in our commercial intercourse with other nations, in the carrying business, has not been prejudicial to our foreign commercial marine. The burden of light money, to which our tonnage, in the ports of Great Britain and other commercial nations, is subject, should bo removed by mutual agreement, or countervailing legislation on our part, and the tonnage duty now charged on our vessels, in the ports of France and some other countries, and on their vessels in our ports, should, by like mutual agreement, be taken oft', and port charges equalized. The coasting trade of the United States has, from the begin- ning, been strictly reserved for vessels built within the United States, and owned by citizens of the U. S., to the exclusion of foreign-buOt and foreign-owned vessels. The American tonnage engaged in foreign trade, and in the coasting trade, has been American-built, and has had the absolute protection of our laws, and the licensed tonnage absolute protection, in the carrying trade on our coast and in our waters." — Treasury Report, December, 1856. 1 "Weight, Six Oitnces. Postage, foe ant bktanoe. Two and a Hau Cents per No., peep aid Quaeteelt. 99 THE BANKERS' MAGAZINE, AND tatistkal |legbler. EDITED BY J. SMITH HOMANS. " No expectation of forbearance or indulgence should be encouraged. Favor and benevolence are not the attributes of good banking. Strict justice and the rigid performance of contracts are its proper foundation." •' The Eevenue of the State is the State; in effect, all depend upon it, whether for support or for reformation." MAY, 1857. -CONTENTS. Akt. I. PsiKcrPLES OP Life Insueance ; •with new Tables of Moetalitt, peepaeed fob the Mutual Litb Insueance Company of New York. 833. II. Legal Miscellany — Frauds on Banks and other Corporations. 840. III. Annual Report on the Coinage of the United States, with tabular details of Coinage at the Mint and each Branch. 843. IV. Foreign Banes.— 1. The Ottoman Bank. £. The Bank of Turkey. 3. The Bank of Agricul- ture. 4. The Bank of France. 5. The International Bank, Paris. 6. England, S51. V. A Model Banking House, Description of. 856. VI. Eecent Banking Decisions.— 1. City Bank of Columbus. 2. Frauds on Banks. S. Foreign Corporations. 858. VII. Law of the State of New York as to Notaries Public. 860. VIII. Foreign Commerce of the United States with Guiana. 2. Jamaica. 3. Canada. 4. British Colonies. 5. France. 6. French "West Indies. 7. French Guiana. 8. Denmark. 9. Hol- land. 10. Hanse Towns. (These tables show the trade with each nation for each year, 1820—1856.) 865. IX. Miscellaneous. Origin of Marine Insurance— Failure of Greene & Co., Paris— New York and New Haven Rail-Eoad Dividend. X. New York City Banks. — Capital, Circulation, Profits, Deposits, Loans, Eeal Estate, Specie, Cash Items, Stocks, Bonds and Mortgages, Expense Account of each, 906. XI. Redemption of Uncurrent Money by the Suffolk Bank, Boston, and by the Metropolitan Bank and the American Exchange Banlc, New York. 897. XII. Bank Items— New Banks— New Appointments— Bank Failures. 900. XIIL Notes on the Money Market, with a Review of the Fluctuations of the Stock Market for April. 910. NEW YORK, 162 Peakl Street. PUBLISHED MONTHLY BY J. SMITH HOMANS, Jr. Terms, Five Dollars Per Annum. UNIVERSITY OF CALIFORNIA LIBRARY BERKELEY Return to desk from which borrowed. This book is DUE on the last date stamped below. l4iur5lCF LD 21-95m-ll,'50(2877sl6)476 ur 861390 Its/ THE UNIVERSITY OF CALIFORNIA LIBRARY .^^.;;.:'li;t!i:■jJ!:lh^::iiliiilli!l;ii)i^ll;^iiiiiiil i; aUijH.lHUIilBM'-'ilUi JltJlUJMilJfi Ml ilt^i ^! >))'■ K''ii(i I mtm r •liihR ! ' ihli i