THE

MERCHANTS' MAGAZINE,

AND

COMMERCIAL REVIEW.

VOLUME II.

NEW YORK:

FREEMAN HUNT, EDITOR AND PROPRIETOR,

142 FULTON STREET, (REAR BUILDING,)

MDCCCXL.

ENTERED, according to the Act of Congress, in the year 1839, by

FREEMAN HUNT,

in the Clerk's Office of the District Court of the District of New York.

CRAIGHEAD & ALLEN, PRINTERS,

No. 112 Fulton-street.

INDEX.

ORIGINAL PAPERS.

Commerce as a Liberal Pursuit, by Charles King, Esq., of New York....

Examination of the Policy of the Laws against Usury, by Joseph Hopkinson,

LL. D., of Pennsylvania...

of New York

Page

1

Implied and Expressed Warranties in Marine Policies, by E. W. Stoughton, Esq.,

Political Economy.-"John Hopkins' Notions," by Louis Fitzgerald Tasistro, Esq.,

of New York...

16

26

53

63

Culture and Commerce of Silk, by Charles F. Durant, Esq., of New Jersey.

Suggestions on the Law of Auctions, by Francis Brinley, Esq., of New York..

Theory of Profits, by George Tucker, Professor of Moral Philosophy in the Uni-

versity of Virginia, author of the Theory of Money and Banks, &c....

The Distinctive Provinces of the Political Philosopher and the Statesman, by Henry

Vethake, LL. D., Professor in the University of Pennsylvania, author of a

Treatise on Political Economy, and Editor of a new American Edition of

McCulloch's Dictionary of Commerce and Commercial Navigation, &c......100

The Protective System, by Isaac C. Pray, Esq., of Massachusetts.

The Merchant Service, by a Member of the Naval Lyceum.

Mercantile Lib. Assoc. Lectures.-Prof. Olmsted's Course on Meteorology

Lecture IV. Of Meteorological Observations and of Winds..

V. Of Tornadoes, Atlantic Gales, and the Law of Storms.

VI. Of Thunder Storms...

VII. Hail Storms and Water Spouts.

VIII. Aurora Borealis .

IX. Meteoric Showers.

X. Causes of Meteoric Showers.

Banks of Massachusetts, by Isaac Chickering, M. D., of Massachusetts.

Suggestions on the Law of Auctions, No. 2, By Francis Brinley, Esq., of N. Y.

Conditions of Sale and Puffing..

Statute of Frauds.

Auctioneer's duty in taking care of Property, and the mode of selling.

.119

121

128

128

129

131

.233

.235

236

237

134

153

153

154

155

Annual Report of the Mercantile Library Association of the city of New York...162

The Principles of Credit, by Charles Francis Adams, Esq., of Massachusetts.....185

Theory of Profits, No. 2, by Professor G. Tucker, of the University of Virginia...210

Life Insurance, by E. W. Stoughton, Esq., of New York...

.222

History and Law of Fire Insurance, by W. W. Campbell, Esq., of New York....239

Post-office Reform-Cheap Postage, by B. Bates, Esq.

Commercial League of the Hanse Towns, by E. W. Stoughton, Esq., of N. Y....273

Fraud upon Underwriters, by James Bergen, Esq., of New York.

Suggestions on the Law of Auctions, No. 3, by Francis Brinley, Esq., of N. Y...305

The Harbors of North America, by David Stevenson, Esq., of Edinburgh, Scot-

.253

.288

land....

..309