62 



&l)c .farmer's iWontljIg btsitor. 



46,075, making a combined tonnage of 153,411 

 tons. 



Notwithstanding this immense extent of inter- 

 nal navigation, and the immense amount of 

 property transported upon the western lakes and 

 rivers, we are yet in the infancy of the develop- 

 ment of the resources of that section of country. 

 The population at present depending upon tlie 

 western rivers and lakes for communication with 

 a market, is 9,504,952. This is large, compared 

 with the aggregate population of the Union, but 

 small compared with what the population of the 

 sections drained by these lakes and rivers will 

 be in a few years. The valley of the Mississippi, 

 also, will, in a few years, contain a population 

 equal to that of the whole country at present, 

 and the commerce of these waters will exceed 

 that of the Atlantic coast.— .V. Y. Herald. 



120,000 miles. The number of passengers con- 

 veyed from Liverpool to Boston amounted to 

 1804; from Liverpool to Halifax, 249; and from 

 Halifax to Boston, 247. On the return trip the 

 numbers were— from Boston to Halifax 258 ■— 

 from Boston to Liverpool, 270. The average 

 time of each passage out was 15 days, and each 

 passage home 13 days, exclusive of the detention 

 at Halifax. 



The amount of duties paid at the custom- 

 9lT9997J t0tl '^ ,l,eSe S,ean,ers ' in 1847 > vvas 



The new loan no doubt weighs upon the mo- 

 ney market; but that will soon he disposed of. 

 The hill has passed both bouses of Congress, re- 

 ceived the signature of the President, and is, 

 therefore, a law. No alterations were made in 

 the bill in the Senate, and stock will be issued for 

 the loan, instead of treasury notes. It is stipula- 

 ted that the loan must not he negotiated below 

 par ; ami whatever doubts existed relative to the 

 policy of prohibiting a farther issue of treasury 

 notes at the time the hill passed the lower house, 

 they have disappeared, under the events which 

 have since transpired. Agents will, without 

 doubt, be sent to Europe for the purpose of ne- 

 gotiating this loan, and the prospect is that they 

 will be successful. The capitalists of Europe 

 have within the past two months seen that the 

 governments of Europe do not stand on a very 

 substantial basis; they have seen how utterly 

 powerless a king is in the hands of the people, 

 when the people act for themselves; and we 

 have no doubt their minds have received an im- 

 pression which never will be obliterated. The 

 precarious position of the public debt of Fiance 

 18 sufficient to make capitalist tremble for the 

 late of their claims against all European govern- 

 ments. There is no other government in exist- 

 ence than thai of the United States, which has 

 within the past seventy years carried through 

 three wars, and is so free from debt. We have 

 paid in full the debt of two wars. 

 The expenses of the revolutionary war were 



1 lino 7 703, and tlle <le! " '" l791 > $75,463,476. 

 In 1803, Louisiana was purchased for $15,000,000 

 arid the debt in 1304 was $8(3,427,120. At the 

 close of the last war with Great Britain the debt 

 hau largely increased. In 1810, the aggregate 

 vvas 8127,334^3.. In 1821, Florida vvas pur- 

 chased for S5 000.000 ; and in 1822, Ihe debt a- 

 mounted to $93,546,677. In 1835, thirteen years 

 alter, the debt of the United States was extin- 

 guished ; in thirteen years we paid off nearly 

 one hundred millions of indebtedness. The 

 debt of this government will not vary much from 

 one hundred millions of dollars when the war 

 with Mexico is closed ; and that amount, com- 

 pared with the existing resources of the country 

 is a trifle. We can pay the whole of it off in 

 ten years, ,( necessary; hut as a portion of it is 

 or will be in a twenty years' stock, the premium 

 upon ,t will l, e so large, and the demand for it so 

 much greater than the supply, that it will be held 

 » ul. the greatest tenacity. There is not another 

 instance similar to this in the history of any other 

 country ,,, creation.— 2V. K Herald, April 3. 



Official report of th 

 from 1840 to 1847, inc 

 and increase : — 



1840 



1841 



1842 



1843 



1844 



1845 



1846 



1847 



About one half of t 

 transported over the 

 railroad, and the inci 

 three hundred tons 



e Pennsylvania coal trade 

 'usive, showing the supply 



860,017 tons of coal. 

 806,556 " » 



1,107,106 " « 



•1,250,286 " » 



1,020,038 " 



1,998,104 " 



2,333,201 " 



2,970,491 " " 



!iis tonnage was last year 

 Philadelphia and Reading 

 ease last week vvas sixly- 



rhe annexed statement exhibits the note cir- 

 culation of the United Kingdom of Great Britain 

 for the month ending January 29th, compared 

 with the mouth ending January 1st, 1848:— 

 Circulation in the United Kingdom of Great Britain. 

 Jan. 1. ,| an . 29. 



Bank of England ^iU. IS^.^TS ^^ 

 Private Banks, 3,528,273 3.745 700 217 427 _ 

 Joint Stock Banks, 2,410,222 2,534 855 124',633 — 



Total in England, 23,895,256 25,258,001 1~362~745 - Z~ 

 Scotland, 3 341.317 3.161.022 _' 180 295 



Ireland, <5,196,116 5,233,916 37 800 _ 



Money is comparatively easy. Loans can be 

 easily negotiated on the best security at seven 

 percent, and it is the general impression in the 

 street thai before the first of August, the rate of 

 interest will Tide as low as four and five percent 

 A considerable amount of specie came out in 

 the Washington, and has been deposited in the 

 National Bank, 10 the credit of a refugee from 

 1 ranee n ho arrived i n the Hiberniu. This is but 

 the beginning o a movement of this kind, which 

 "ill swell until an immense amount will find iis 

 way here for permanent investment.— JVI Y. 

 Herald, April 8. 



Coward Steamers. — The Boston Aurora 

 says— During the pasi year, the Ciinard steamers 

 have made twenty passages to and from Liver- 

 pool to Boston, the distance steamed being 



United Kingdom,£32 432.6S9 33,652,939 1,220,250 _ 



Showing an increase in the note circulation of 

 England on the month, of .€1,362,745, and an in- 

 crease of that of the United Kingdom, for the 

 same period, of £1,220,250. 



On comparing the month ending January 29, 

 1848, with the corresponding period of last year 

 there is exhibited a decrease of £3,343,839 in 

 -.nglaiKh and a decrease of £5,809.058 in the 

 United Kingdom. 



The return of bullion in the Bank of England 

 for the month ending January 29, gives an aggre- 

 gate amount in both departments of £12.992,272 

 On a comparison of this with the return' for the 

 month ending January 4lb, there appears to be 

 an increase of £977,690, and as compared with 

 the month ending January 30, 1S47, being the 

 corresponding period last year, there is a de- 

 crease of £057,788. 



The stock of specie held by the bank in Scot- 

 According to this statement the actual cireula- 

 non on Ihe 18th of March was less than at any 

 previous period included in the table. Notwith- 

 standing the very great increase in the amount 

 of uul ion, the movements of the bank have been 

 more limited, and every department has been 

 strengthened, until they are stronger than thev 

 have been before for years. It appears that on 



n f \- « 1 i , . f,rc '' " le h " lli0 " °" hanrf »™»nted 

 to±,lo,IAj,lJ|, showing an increase since No- 

 vember last ol more than five millions sterling 



filBWAm"*? d - eCrease in aclual ^"'atiou of 

 £1,850,660. Ihe increase in the same time in 



private deposits, in the amount of reserved notes 

 and in the rest, shows the improved position of 

 Ihe institution, and its nci tlinulating profits 



With this increase in all the elements of spec- 

 ulation and trade-with such an abundance of 

 cap, al and sources of credit-public confidence 

 languishes, prices for staple products droop, j„. 

 •b^r.vts parahzed, and everything connected 

 with commercia matters is in a state of greal 

 despondency. 'I here is no life in trade, and 

 "hi, an immense accumulation of facilities we 

 see no immediate prospect of nnv important ac- 

 tmtyin any of the great departments of com- 

 jnerce. It is a question if England has not in- 

 jured her foreign markets by the" dram of bullion 

 to fi I the empty vaults of her banks. |„ m; nv '' 

 Og bullion from every customer she could gel in 

 her debt, she has cut off future supplies, b? de- 



stroying the demand for her fabrics. When we 

 were importing immense amounts of specie from 

 Great Britain, we were consuming immense 

 quantities of her manufactures; but the moment 

 the importation of specie ceased, the importation 

 of British manufactures rapidly declined. The 

 annexed statement exhibits the quantity of cali- 

 coes, printed and dyed, exported from Great 

 land and Ireland, during the month ending Janu- 

 %Z ** h < vv;,s £2.747,613, being an increase of 

 •t-U,S0o, as compared with the preceding month 

 and a decrease of £981,480 as compared with 

 the corresponding period hist year. 



The returns of the Bank of England for seve- 

 ral periods, present the annexed comparative 

 statement: — 



Bank of England. 



1847 , , 184S , 



v. Nov. 25. Dec. 24. Jan. 22. March 18 



Gold comnnd 5 <25m °' 10 2«,559.265 28.414,360 



bullion 8315,633 10.262.73! 11,122,376 12 889 560 



Silver Boilbon 1,310,212 1,346,344 1,436,889 1524800 

 rt.Tiiliing dep t. ' 



Sev^n da/and 7 ' 80M82 8 ^^ 10,774,870 Ifrtl^O 

 863,487 807,193 903,278 869,742 



J°-663,C07 11.055.267 11.464,665 1 1,572.180 

 2'Si'Ji ' 'S-S 79 ' 060 '4.510 363 12.896,563 

 4,223,09c 7,786,180 7,447,385 10,967,270 



491,112 627.451 617,547 708,781 

 Circulation of the Bank of England. 



Nov. 25. Dec. 24. Jan. 22. Marrh 18 

 Notes issued 23,525,845 25 609.073 26.559.265 28414 360 

 Notion hand , 4,228.095 7,786,180 7,447,385 10JX7^0 



circulat,on,£l9,297,750 17,822,395 19,11 1,880 17^47,090 

 Britain in each of the past three years, distin- 

 guishing ihe extent of shipments to each coun- 



Calicoes Printed and Di/ed, 

 Britain 



1845. 



Lxported to. Yards. 



Barbary and Morocco, 77 500 



Brazils, 36,092^024 



Buen. Ayres, M. 

 Video, &c, 6.536.732 



British West Indies, 20,729,641 



British N. America, 13,36 ' 173 



Belgium, 1,078,421 



Coast ol Africa esc. 



of Cape, 5.454 125 



Chili and Peru, 24,841 575 



Cape of Good Hope, 3,520 .302 

 Columbia, 7,780.578 



Denmark. 285.064 



™S y P'i 419,798 



J. rance - 1,545,993 



foreign West Indies, 22,57;: nil 



other bills, 



Government 

 securities, 



Oiher do, 



Notes, 



Gold and sil- 

 ver com. 



Exported from Great 



1346. 



Yards. 



1847. 

 Yards. 



40.563,341 41,493,163 



6 S51 mtj 



27520,261 



86,1 II 



1-' 124 821 



26,083,138 



! 535 11.: 



1.140 936 



17,753.418 



11,834,914 



677,976 



5.682,956 

 17,138,571 

 2.666,781 

 1,676,115 

 449.836 

 186,031 

 1,633,934 

 21.302,767 

 5,212.251 

 25,481,739 

 38,459 

 11 896,057 

 16.456.528 

 2,648,017 

 1,992 : I 

 1,107,586 

 6,290 600 

 3.088,766 

 9,003,905 

 478 

 1 1 ,583 602 

 207.7.39 

 451,826 

 32.962 

 11,694,746 



2,242 174 

 21,190,476 



4.730,821 

 11,127,260 

 10,712,424 



677,675 



8 370,858 



15.157.030 



3,743,108 



5,566.702 



176 899 



1,391.834 



1.363.914 



13.630,015 



3,892.046 



23,453,063 



29 082 



11,120,001 



13.494,448 



1 .705.787 



2,880,214 



938.593 



750,006 



2,712,158 



7,544,032 



10,551.385 



184,509 



594.102 



12.830 



6,657,461 



3,092.664 

 32,195,805 



Gibraltar, 



House Towns, ccc 



Hanover 



Holland, 



India, 



Chin,, 



Malta and Ionian Islee,3. 106.134 



Mauritius and Batavia.l 973939 

 '^' Xl1 '". 7,4ln,,:,;n 



New Holland. 3 350 so, 



Naples and Sicily, 5,031.003 

 Prussia 55 i 



Portug a |,Madeira,&c.l0,969 'In 

 j* uss 'a. 160,903 



Sweden and Norway, 5|'l c,~ii 

 Spain, Jib. 1 44 



hardinia.Tusrany.&c 12,041,401 

 I'neste, Austrian 



Ports, &c 4,36.3 007 



I urkey and Levant, 23,563 239 

 United .Slates of 



America, 13.097,851 



Tolal 310,850,697 267,084,797 287,384,903 



The increase in 1847, compared with 1846 in 

 he aggregate amounts to 20,300,106 yards, while 

 ^ '"crease in the exports to the Uhited States 



L"J. ;: t^'TT' 1 " i "' m6 > wis 30,868,50s 



yards, and to lurkey and the Levant, 11,005329 

 yards, I here hash,,-,, a great increase in the 

 exports to Braz I, Buenos Ayres, and South 

 America generally,!,,,, „ small^ cent comm" 

 edwirl. those to Turkey, the Levant, and e 

 United State* In the early part of 1847 and e 

 ■•'"''^'••'""nSll^ the p.innpal supply „f ,,_ 

 readstufrs-for Great Britain, was drawn from 



the Mediterranean and the U »d States and the 



influx o, bullion into these countries^ pay! 

 nwni lor gram, created an ahilitv to consume 

 '•o.ton fabr.es, and consequently „ dema, br 



13 556.509 44,425,017 



