87.-The Poetical Work of Fitz-Green Halleck. New Edition. 12mo., pp. 232. New York: J. S. Redfield. All of Halleck's poems will be found in this volume, with the addition of parts of a poem which has not been published. It is issued in good style, and adapted to an extensive circulation. Of the merits of these poems it is unnecessary for us to speak. No one who has ever read "Marco Bozzaris," or "Green be the Turf above Thee," can fail to appreciate Halleck. 38.-The Practical Model Calculator, for the Engineer, Mechanic, Machinist, Manufac turer of Engine work, Naval Architect, Miner, and Millwright. By OLIVER BYRNE. 8vo., pp. 591. Philadelphia: Henry C. Baird. The title of this work is very appropriate. It designates its character. Its contents embrace every class of calculations which become the subject of investigation with scientific men in the various pursuits above mentioned. The method of these calcu lations is very clear and simple; such as to render them very convenient to the experienced man, and useful also to the novice and student. 39.-Pynnshurst: His Wanderings and Ways of Thinking. By DONALD MACLEOD. 12mo., pp. 431. New York: Charles Scribner. Few writers can compose a volume of this size which shall contain so much that is agreeable and excellent. The author writes with a smooth and polished pen; and although there are occasionally appearances of labor in his pages, the general flow of his thoughts is natural, easy, and graceful. There are many passages of power and force, which intervene like flashes of lightning in an otherwise serene sky. The work is entitled to a place among the most agreeable books of the season. 40.-Physical Theory of Another Life. By ISAAC TAYLOR. 12mo., pp. 270. New York: William Gowans. A new edition of the works of this able writer has long been needed, and we are gratified to see the publication of them undertaken in the handsome style which this volume presents. The "Physical Theory of Another Life" is one of the series which has been extensively read, and secured for the author much of his present reputation. It is a treatise which will interest all thoughtful minds. 41.-The Art-Journal for July. New York: George Virtue. This number is embellished with an engraving of the "Prince of Orange landing at Torbay," "The Bagpiper," from a picture in the Vernon Gallery, and the "Son of Niobe," from the group by J. Leeb. There are, in addition, numerous cuts executed with much taste and elegance. 42.-The Progress of Freedom, and other Poems. By BERNARD SHIPP. 12mo., pp. 219. New York: Adriance, Sherman & Co. The leading poem in this collection covers some fifty pages. It has in it "thoughts that breathe and words that burn." The shorter poems, moral, religious, and sentimental, are generally truthful in sentiment, and easy and graceful in versification. 43.-Meyer's Universum; or, Views of the most Remarkable Places and Objects of all Countries, in Steel Engravings by Distinguished Artists. With Descriptive and Historical Text, by Eminent Writers in Europe and America. Edited by CHARLES A. DANA. Vol. 1, part 1. New York: Hermann J. Meyer. The first part of this work contains four engravings on steel, embracing views of Niagara Falls, the Tower of London, Heidelburg, and Fingal's Cave in Ireland, accompanied with appropriate letter-press illustrations, historical and descriptive. The name of Charles A. Dana, Esq., the editor, is a sufficient guaranty for the scholarly and accurate execution of the literary department of this work, 44.-Arthur and his Mother; or, the Child of the Church. A Book for Children. By CHARLES B. TAYLOR, M. A. 18mo., pp. 136. New York: Stanford & Swords. An excellent little work for youthful readers. CONTENTS OF NO. III., VOL. XXVII. IL COMMERCE OF THE DANUBE. By JOHN P. BROWN, Esq., of the Legation of the United States at Constantinople........... ...... 289 III. COMMERCIAL CITIES AND TOWNS OF THE UNITED STATES.-No. XXXII-THE CITY OF NEW YORK. PART. 11.-Population-Absolute progress. By E. HALE, Jr., of New York...... 310 IV. THE BLASTING OF ROCKS UNDER WATER WITHOUT DRILLING. By B. MailleFERT and W. RAASLOFF, Submarine Engineers..... 320 JOURNAL OF MERCANTILE LAW. Action of Assumpsit for go ods sold and delivered 329 What constitutes due diligence in making a demand upon the drawer of a note, etc.......................... 332 COMMERCIAL CHRONICLE AND REVIEW: ......... 333 336 EMBRACING A FINANCIAL AND COMMERCIAL REVIEW OF THE UNITED STATES, ETC., ILLUSTRATED WITH TABLES, ETC., AS FOLLOWS: General aspect of commercial affairs-Credits at the south and west-Blessings and dangers of prosperity-Increased value of property-Condition of the New York State banks-Dieulties connected with the warehousing system-Necessity of a liberal interpretation of the laws to insure harmony between the government and the people-Deposits and coinage at the Philadelphia and New Orleans Mints for July-imports at New York for July-Cause of the decline from previous years-Imports from January 1st-Warehousing movement-Imports of foreign dry goods at new York for July, and for seven months-Receipts for duties at New York-Revenue of the United States for the fiscal year 1851-52-Imports into the United States for four years-Exports at New York for July, and for seven months-Comparative exports of specie and merchandise.... .... 337-344 JOURNAL OF BANKING, CURRENCY, AND FINANCE. Debt and finances of New Orleans Value of real and personal property in the British Province of Nova Scotia in 1851 Expenditures of the United States Government from 1789 to 1851.. Raising money by pawnbroking in Ireland..................... United States Government receipts and expenditures. Price of manufacturing stocks in New England.-Value of a mutilated bank-note. Salaries of the foreign ministers of Great Britain, France, and the United States....... United States Treasury Notes outstanding August 2, 1852.. Four bank-notes of one million pounds sterling... Act establishing a branch mint of the United States in California.. PAGE. 344 348 348 349 349 350 350 351 351 351 351 359 353 355 355 356 357 357 358 Bonds of the Planters' Bank of Mississippi.. COMMERCIAL STATISTICS. Commerce of France in 1852.-The mackerel fisheries of New England.. 359 Exports of some of the leading articles from port of N. Y. during three years ending June, 1852, 360 Fisheries of the British province of Nova Scotia......... 360 Imports of brandies into Great Britain......... 361 Rochester four trade....... 362 British imports of sugar from her possessions.-Commerce of Holland in 1852 363 363 NAUTICAL INTELLIGENCE. Belvidere Knoll and Hooper's Straits Beacon at entrance of Bombay Harbor.-Boqueron Channel, port of Callao... COMMERCIAL REGULATIONS. Spanish commercial regulations...... Treaty of peace, amity, Commerce, and Navigation between the United States and Guatemala.. 365 Statistics of the Passages, &c., of the Collins and Cunard Steamers.. Statistics of the Western (Mass.) Railroad from 1842 to 1851.. The coal traffic of railways.. Breaking of railway car axles..... Railroads in Spain 373 374 376 379 379 381 381 The longest tunnel in the world.-Railway accidents in Great Britain. HUNT'S MERCHANTS' MAGAZINE AND COMMERCIAL REVIEW. SEPTEMBER, 1852. Art. I.-OUR EMPIRE ON THE PACIFIC.* SINCE California first acquired auriferous fame, a great ink-stream, worthy of an age of cheap literature and speedy transit, has flowed thence upon us, deluging the columns of our public journals, and surfeiting the public inquiry with the load of information. Yet has this big current borne a very meager freightage of facts-of such true, solid, common-sense descriptions of matters and things at its source, as were wanted here, and as could alone guide to intelligent action on the part of both our people and government. In the first period of the Californian emigration, we could hardly expect it to be otherwise. In the entire novelty of the enterprise, and the exaggerated excitement attending it at every step, we were to expect of human nature precisely what we had-an unfailing rush of words, conveying an overwhelming paucity of facts and substance. We were not to wonder that well-meaning men set forth such vague and contradictory statements respecting the sources of this fresh segment of our empire; or that in attempting to picture its condition and its prospects they were swamped in the depths of their own speculations, or fell confounded in the void between an old and a new community. In what may be called the second period of Californian emigration-now in progress-there has been a small proportion of such ill-qualified adventurers as were the first to start-men whose flickering temperaments prevent any steady, reasoning view-their ideas ever varying with the elevation of over-realized hopes, or the depression of uncompensated fatigues and A Dissertation on the Resources and Policy of California: Mineral, Agricultural, and Commercial; including a Plan for the Disposal of the Mineral Lands. By JoHN J. WERTH. Benicia, California: St. Clair & Pinkham, collapsed expectations. But the great mass of this late emigration has been of a better material-of men characterized by forethought, judgment, and cool appreciation of this enterprise. The more sober and truthful accounts sent back by these have, of course, corrected many of the errors of the earlier impressions made in the Atlantic section. But still there is a great deal of ignorance and misinformation prevailing; and while there are but few at present who do not acknowledge that California is destined to acquire an importance second to that of perhaps no other section of the country, there are as few who understand the real character of that region, and have found any tolerable measurement of the elements, upon the development of which the common opinion regarding this destiny is predicated. The effect of this ignorance has been in various ways highly detrimental to the interests of California, and no more just complaint has been made than that regarding the prejudice which these interests have sustained from the misconceptions existing in the government of the United States. From the policy if there may be said to have been any-prevailing at Washington, not only have the ordinary concerns of California suffered, but she has been imperiled in matters of grave moment. Now, this should not be so, for two reasons--first, justice to California, which is a sort of abstraction; second, justice to ourselves, as we cannot afford that it should be so, which is a very practical idea, as soon as realized. We can be indifferent to the fate of California, or ignorant of her condition and wants, only at our own immediate ard troublesome expense. So fixed and intimate has the union with her now become, that no section or State can "remain unaffected by any contingency that shall impede her improvement, or fail to sympathize in any impetus given to her prosperity. Nor can any institution, financial or industrial, public or private, escape the vibrations which a fluctuating ebb and flow of her golden fountains would produce." Mr. Werth, a resident of California, has made the best effort of any that has yet come beneath our notice to furnish that information which is so much in need. His pages give evidence of careful and thorough investigation. The author is a man of practical intellect-one who sees facts in their true light and natural dimensions, understands their relations, and follows them to their legitimate results. With flighty speculations, moonshine, and shadows of meat in the water, he has nothing to do. Such as the "sober, ungarnished truth" here displayed may induce to emigrate to California, will not be likely to carry with them any of that orientalism of fancy so largely exported from this quarter hitherto; while those who may be induced from its perusal to stay at home, (and we doubt not there are numbers upon whom it will have that tendency,) will not do so in the idea of standing apart to witness the bursting of the most magnificent bubble of modern times. As deserving first notice in the investigation of the internal resources and the commercial basis of the State, Mr. Werth presents the astonishing fact, that while the annual product of gold has reached sixty millions of dollars, the rate of interest on money, for all purposes of Commerce and improvement, is rigidly maintained at from three to five per cent per month, under the best securities known to the community. This he well characterizes a "monstrous anomaly in political economy-significant of serious derangement in its machinery." It brings directly home to California "the discouraging fact that her industry has not been compensated with thrift." What, he asks, avail to her all the bounties which nature has lavished upon |