interest, or be returned as aforesaid, there shall be taken as a criterion, the average amount of the aforesaid items for each month during the year next previous to the time of making such statement, if so long such bank or banking company shall have been engaged in business, and if not, then during the time such bank or such banking company shall have been engaged in business; and the average shall be made by adding together the amount so found belonging to such bank or banking company in each month so engaged in business, and dividing the same by the number of months so added together.

SEC. 21. The president, secretary, or princpal accounting officer of every canal or slack water navigation company, railroad company, turnpike or plank road company, bridge company, insurance company, telegraph company, or other joint-stock company, except banking or other corporations whose taxation is specifically provided for in this act, for whatever purpose they may have been created, whether incorporated by any law of this State or not, shall list for taxation, at its real value, its real and personal property, moneys and credits, within this State, in manner following:

In all cases, returns shall be made to the several auditors of the respective counties where such property may be situated, together with a statement of the amount of said property, which is situated in each township, town, city or ward therein.

The value of all movable property shall be added to the stationary and fixed property and real estate, and apportioned to such wards, towns, cities, and townships, pro rata, in proportion to the value of the real estate and fixed property in said ward, town, city, or township.

And all property so listed shall be subject to, and pay the same taxes as other property listed in such ward, town, city, or township.

It shall be the duty of the accounting officer aforesaid to make return to the Auditor of State, during the month of May of each year, of the aggregate amount of all property, real and personal, by him returned, as required by the provisions of this act, to the several auditors of the respective counties in which the same may be located.

If the county auditor to whom returns are made, is of the opinion that false and incorrect valuations have been made, or that the property of the corporation or association has not been listed at its full value, or that it has not been listed in the location where it properly belongs, or in cases where no return has been made to the county auditor, he is hereby required to proceed to have the same valued and assessed in the same manner as is prescribed in the several sections of this act regulating the duties of county auditors: Provided, that nothing in this act shall be so construed as to tax any stock or interest in any joint-stock company held by the State of Ohio: Provided, that every agency of an insurance company incorporated by the authority of any other State or government, shall return to the auditor of the county in which the office or agency of such company may be kept, in the month of May annually, the amount of the gross receipt of its agency, which shall be entered on the tax list of the proper county, and subject to the same rate of taxation for all purposes, that other personal property is subject to at the place where located.

SEC. 22. The Ohio Life Insurance and Trust Company, by its president or cashier, shall in the month of May annually, return under oath, to the county auditors of the several counties of the State, a statement of its moneys loaned, and dues of every description in such counties respectively, which amount shall be entered upon the tax list of the proper counties, and taxed the average rate per cent of the taxes, for all purposes levied upon the real and personal property of such counties; and the presi dent or cashier of said company, shall, in the month of May annually, return to the auditor of the county in which the principal office of said company is kept, a statement of the amount and value of the notes and bills discounted or purchased, and all other moneys, effects or dues of every description belonging to its banking department, and loaned, invested or otherwise used or employed with a view to profit, or upon which said company receives, or is entitled to receive interest, and which amount shall not include its moneys loaned in the several counties of the State, returned and taxed as aforesaid; which amounts shall be ascertained in the manner prescribed by the 19th and 20th sections of this act, and shall be entered on the tax list and taxed in the same manner as is provided by this act, for the taxation of other banking companies.

PROPERTY AND TAXES OF WORCESTER.

In the Merchants' Magazine for January, 1850, (vol. xxii.,) we gave, under our se ries of papers relating to "COMMERCIAL CITIES AND TOWNS OF THE UNITED States,

an elaborate description of the city of Worcester, embracing, among other matters,
the progress of wealth and population from 1763 to 1850. The value of property
assessed for taxation had increased from $296,542, in 1800, to $10,750,282, in 1849.
The assessment of taxes for 1852, recently completed, shows the assessed value of
property at the present time to be $12,575,566, In the previous year (1851) it was
$11,925,055, showing an increase in the valuation in 1852 over 1851 of $650,511.
The rate of taxation on property is $6 50 on the $1,000. In 1851, it was $6 75,
showing a reduction of 25 cents on the thousand. This taxation, it will be under-
stood, includes the County, School, Highway, and Water taxes.
The amount of
appropriations by the city, for all purposes in 1851, was $75,500. This year (1852)
it is $85,700. Stephen Salisbury pays a tax of $3,830, and his property is valued by
the assessors at $589,000.

CONDITION OF THE BANKS IN MAINE.

By the official abstract of the returns of the banks in Maine, as they existed on the first Monday in May, 1852, it appears that there are 39 banks in the State, 7 of which are in Bangor, 6 in Portland, 3 each in Augusta and Bath, 2 each in Saco, Waterville, Brunswick, and 1 each in Topsham, Biddeford, Belfast, Calais, Eastport, Gardiner, Wiscasset, Waldoboro', Hallowell, South Berwick, Skowhegan, and Thomaston.

The last semi-annual dividend varied from 3 to 5 per cent-averaging more than 4 per cent. Acts were passed at the late session of the Legislature to incorporate new banks at Bangor, Hallowell, Lewiston Falls, Winthrop, Orono, Bowdoinham, and Richmond.

UNITED STATES TREASURY NOTES OUTSTANDING SEPTEMBER 1, 1852.
TREASURY DEPARTMENT, Register's Office, Sept. 1, 1852.
Amount outstanding of the several issues prior to 22d July, 1846, as
per records of this office....

Amount outstanding of the issue of the 22d July, 1846, as per records
of this office....

$107,861 64

11,700 00

Amount outstanding of the issue of 28th of January, 1847, as per
records of this office..

8,350 00

$127,911 64

Deduct cancelled notes in the hands of accounting officers, all under
acts prior to 22d July, 1846...

150 00

Total....

$127,761 64

PROGRESS OF BANK STOCKS IN BOSTON.

The following table, prepared by JOSEPH G. MARTIN, broker, and a correspondent of the Boston Evening Gazette, will give the readers of the Merchants' Magazine a correct idea of the gradual and steady rise in bank stocks for several years, but it is not claimed that the figures given are the exact price of actual sales, though care has been taken to have them as near as possible a fair representation of the market value at the several dates mentioned:

Sept. 1847. Sept. '48 Sept. '49. Sept. '50. Sept. '51. Sept '52

Boston Banks.

Atlantic
Atlas.....

Blackstone

Boston..

Boylston.

City.

Cochituate

Columbian

Commerce

Eagle

1131

By a Revised Law of the State of New York, the following damages on bills drawn or negotiated in this State, and protested for non-payment, are allowed, viz:—

Bills drawn on the States of Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, New Jersey, Pennsylvania, Ohio, Delaware, Maryland, Virginia, or District of Columbia, 3 per cent.

North Carolina, South Carolina, Georgia, Kentucky, or Tennessee, 5 per cent.

Any other State or Territory of the United States, or any other place on or adjacent to this continent, and north of the Equator, and any other British or foreign possessions in the West Indies, or elsewhere on the Western Atlantic Ocean, or any port or place in Europe, 10 per cent.

SEC. 19. Such damages shall be in lieu of interest, charges of protest, and all other charges incurred previous to, and at the time of giving notice of non-payment, but the holder of such bill shall be entitled to demand and recover lawful interest upon the aggregate amount of the principal sum specified in such bill, and of the damages thereon, from the time at which notice of protest for non-payment shall have been given, and payment of such principal sum shall have been demanded.

SEC. 20. If the contents of such bill be expressed in the money of account of the United States, the amount due thereon, and of the damages herein allowed for th

non-payment thereof, shall be ascertained and determined without any reference to the rate of exchange existing between this State and the place on which such bill shall have been drawn, at the time of the demand of payment, or of notice of nonpayment.

SEC. 21. If the contents of such bill be expressed in the money of account or currency of any foreign country, then the amount due, exclusive of the damages payable thereof, shall be ascertained and determined by the rate of exchange or the value of such foreign currency at the time of the demand of payment.

COMMERCIAL STATISTICS.

STATISTICS OF THE TRADE AND COMMERCE OF NEW ORLEANS.

In preceding pages of the present number of this Magazine, we have given the annual statement of the Trade and Commerce of New Orleans for the twelve months ending August 31st, 1852, as originally prepared for the New Orleans Price Current. The subjoined statistics of imports, exports, arrivals and clearances of shipping, prices of produce and merchandise, &c., &c., are derived from the same reliable source. In the Merchants' Magazine for November, 1840, (vol. iii.,) we published tabular statements of the trade of New Orleans from 1830 to 1840, which in connection with similar statements in succeeding volumes forms a complete statistical history of the commercial growth of that city from 1830 to 1852:

TABLE SHOWING THE RECEIPTS OF THE PRINCIPAL ARTICLES FROM THE INTERIOR DURING THE

YEAR ENDING 31st august, 1852, WITH THEIR ESTIMATED AVERAGE AND TOTAL VALUE.

EXPORTS OF COTTON FROM NEW ORLEANS FOR THE YEARS COMMENCING 1ST SEPTEMBER