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THE

MERCHANTS MAGAZINE,

AND

COMMERCIAL REVIEW,

VOLUME II.

NEW YORK:

FREEMAN HUNT, EDITOR AND PROPRIETOR,

142 FULTON STREET, (REAR BUILDING,)

MDCCCXL.

83361

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.

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ORIGINAL PAPERS.

Page

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

1

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

LL. D., of Pennsylvania ....

16

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

of New York ...

26

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

of New York...

36

Culture and Commerce of Silk, by Charles F. Durant, Esq., of New Jersey. 53

Suggestions on the Law of Auctions, by Francis Brinley, Esq., of New York. 63

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.... 89

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 Frotective System, by Isaac C. Pray, Esq., of Massachusetts..

.119

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

121

Mercantile Lib. Assoc. Lectures.-Prof. Olmsted's Course on Meteorology .128

Lecture IV. Of Meteorological Observations and of Winds...

.128

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

129

VI. Of Thunder Storms..

131

VII. Hail Storms and Water Spouts.

233
VIII. Aurora Borealis .

.235
IX. Meteoric Showers.

236

X. Causes of Meteoric Showers.

.237
V Banks of Massachusetts, by Isaac Chickering, M. D., of Massachusetts. 134

Suggestions on the Law of Auctions, No. 2, By Francis Brinley, Esq., of N. Y . 153

Conditions of Sale and Puffing.

. 153

Statute of Frauds..

154

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

.288

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-

land ......

...309

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