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CONDENSED STATEMENT

Showing the condition of the various Banks of Mississippi, examined by the Commissioners in 1839.

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In this tabular statement it has been the object of the Commissioners to condense the information which the Legislature is desirous to obtain. The table has been divided into as few columns as possible; and as the statements of the banks frequently contain debits and credits for which the Commissioners had not provided a place under that specific name, they were obliged to insert such under analagous heads. The result, however, both as to resources and liabilities, it is believed, prove correct. For more particular information, the special reports should be referred to.

Patents in 1839.

From the Report of the Commissioner of patents lately laid before Congress, we learn that during 1833,

425 patents were issued (including additional improvements,) 303 66 expired in 1839.

The receipts of the office, were $37,26) less $5,769 on applications withdrawn.

The ordinary expenses of the patent office, including payments for the Library and Agricultural Statistics were $20,799 95, leaving a surplus credit to the patent fund of $11,450 43.

$7,973 57, have been expended for the restoration of models, records, and drawings, under the act of March 3d, 1837.

The receipts would have been $2000 more, had not the law permitted assignments to be recorded without charge.

A Digest of all patents granted by the U. States, with an Index, has been published in a volume exceeding 750 pages. In this, the inventions are appropriately classified, 900 copies are to be deposited in the Library of Congress. The distribution of the digest will materially lessen the correspondence of the office, and guard citizens against impositions from venders of spurious patents.

11,509 patents had been issued by the U. States previous to January, 1810.

A large number of applications partially completed, are awaiting the reception of models, and Treasury fees.

The transmission of models, through agents in the several states affords much facility.

The Patent office building, it is expected, will in a few weeks afford the necessary accommodation,

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APPOINTMENTS BY THE PRESIDENT,

By and with the advice and consent of the Senate. Robert J. Chester to be Marshal of the United States for the District of West Tennessee.

John Mills, to be Attorney of the United States for the District of Massachusetts, for the term of four years from the 13th day of January, 1840, when his former term of service expired.

H. L. Holmes, to be Attorney of the United States for the district of North Carolina.

Edward McCrady, to be Attorney of the United States for the district of South Carolina

Charles Walker, to be Attorney of the United States for the southern district of Florida.

Henry W. McCorry, to be Attorney of the United States for the district of West Tennessee.

Charles Weston, to be Attorney of the United States for the Territory of Iowa.

Robert M. Charleton, to be Attorney of the United States for the district of Georgia.

We are indebted to the Secretary of State, of Mississippi, for several interesting public documents, of a portion of which, we avail ourselves in the present number.

The UNITED STATES COMMERCIAL AND STATISTICAL REGISTER, is published every Wednesday, at No. 79 Dock street. The price to subscribers is Five Dollars per annum, payable on the 1st of January in each year. No subscription received for less than a year.Subscribers out of the principal cities to pay in advance.

PRINTED BY WILLIAM F. GEDDES,
No. 112 CHESNUT STREET,
Where Subscriptions will be received;

COMMERCIAL & STATISTICAL COMMERCIAL &

REGISTER.

EDITED BY SAMUEL HAZARD.

VOL. II.

PHILADELPHIA, WEDNESDAY, MARCH 18, 1840.

GOVERNOR'S MESSAGE. Delivered to both Houses of the Legislature of Md., on Thursday, 2d January, 1840.

Gentlemen of the Senate

and of the House of Delegates.

Public Debt.

No. 12.

it becomes due from the Treasury. Of those that have had
advances from the State, the Baltimore and Ohio Railroad
Company is the only one, which has fully complied with its
engagements. The Chesapeake and Ohio Canal Company is
bound "to pay annually $120,000 for interest on the two
million loan granted in 1834. It paid the whole interest in
1838, but only $95,000 in 1859. The Treasury had a claim
on the Susquehanna Railroad Company in 1838, for interest
to the amount of 64,466 dollars, and received 45,000; and
in 1839, to the amount of 75,082 dollars and fifty cents, and
received only 82 dollars and fifty cents.
These two com-

The pecuniary embarrassinents of the State, and the present condition of the works of internal improvement are the most important subjects that will come under your considera-panies do not yet receive a sufficient revenue from their works tion. The public debt of Maryland, according to a statement to defray current expenses and are obliged to depend on loans furnished by the Treasurer, amounts to fourteen millions, five or the sale of stock, for the fulfilment of their engagements, hundred and eighty-seven thousand, six hundred and eighty- These means having failed in 1839, in consequence of the nine dollars. The sum includes but five thousand five hun- scarcity of money, they were unable to satisfy the demands dred dollars of the loan of seven hundred and fifty thousand of the Treasury. dollars, granted at the last session to the Baltimore and Susquehanna Railroad Company. The bonds for the residue of this loan are not yet disposed of, and are still in the possession

of the Commissioner of Loans. Of the million of dollars

subscribed to the Eastern Shore Railroad, and of the three hundred thousand subscribed to the Annapolis and Elkridge Railroad, the estimate of the Treasurer includes only that portion which has been actually paid.

Revenue-Expenditures.

by the internal improvement companies, is barely sufficient The annual revenue of the state, exclusive of interest paid estimated, for the ensuing year, at two hundred and fifty to defray the ordinary expenses of Government, which are thousand dollars. The whole expenditures, including the interest on the public debt greatly exceed the annual receipts; So far as the State is liable for the balance of these sub- and the deficiency in the revenue is supplied out of the spescriptions, or for the bonds issued for the use of the Susque-will be exhausted in two or three years; and the bank stock cial deposites. This fund, if applied to this purpose alone, hanna Railroad Company, an addition is to be made to the will be the next resource for meeting the deficiency, unless Treasurer's estimate. It is, therefore, difficult to state pre- some other means be provided in the mean time. Experience cisely the amount of the public debt. Some uncertainty in has proved, that the internal improvement companies cannot ascertaining it, also arises, from the substitution of five per be relied on, for the punctual payment of their respective cent. sterling bonds for those previously issued, at the rate of portions of the interest of the public debt as it becomes due four dollars and forty-four cents for the pound sterling, in- from the Treasury. stead of the true rate of four dollars and eighty-five cents; which makes a considerable difference in the whole amount.

Internal Improvement Companies.

This State received, as its portion of the surplus revenue, The state entered by degrees into a connexion with canal 958,828 dollars; of which there remains a balance of 647,- and railroad companies, and still more cautiously into the 637 dollars, deposited in the Union Bank, the Franklin Bank plan of borrowing money for their support. At the extra and the Bank of Baltimore. As the General Government is session of 1836, the decisive measure was adopted of authornot likely to reclaim the sums distributed among the States, izing the issue of bonds to the amount of eight millions of the portion received by this State is not estimated at present dollars, and of sending them to foreign markets for sale. At as a part of its public debt; on the contrary, the balance re- that time money was abundant, American securities were in maining may be considered as so much added to its means of demand, and the credit of the state stood unimpaired, and complying with other engagements. Of the old productive very little doubt was entertained, that the bonds could be discapital of the State, there is still left the sum of 528,996 dol-posed of according to the terms prescribed by the act of Aslars, invested in the stock of different banks. The sinking sembly. But the following year, when the commissioners, fund has been gradually accumulating, till it now amounts to who were appointed to negotiate the proposed loan, visited 1,013,372 dollars; nearly the whole of which sum has been Europe for that purpose, a great change had taken place in invested in State stocks. After deducting the sinking fund, the money market, and it was found impossible to sell the the debts and liabilities of the State probably amount to fif- bonds at the stipulated price. After their return, they conteen millions of dollars, and, with the exception of 158,855 | cluded an agreement with the Chesapeake and Ohio Canal dollars, have all been contracted for purposes of internal im- Company, and the Baltimore and Ohio Railroad Company, provement. for a sale of a large portion of the bonds, amounting to six The interest on the public debt is increasing every year, in millions of dollars. At December session 1837, the Legisproportion to the amount of stock sold. The amount paya- lature refused to sanction this agreement, because it was apble at the Loan office in Baltimore, in 1838 was $280,000, in prehended that the companies might be compelled to sacrifice 1839 it was 291,000, and in 1810 it will be $330,000. The the credit of the state; but assented to a modification of it, interest payable at London cannot be ascertained, because no which required that none of the bonds should be transferred report has been made to the Treasurer, of the sales of our from the possession of the Commissioner of Loans, till their stock in foreign markets. The amount is inconsiderable at equivalent in money was paid into the Treasury, according present, but it will be increased as the stock finds purchasers. to the conditions of the loan of 1836. Yet at the same sesThe internal improvement companies are bound to pay the sion, the Legislature directed the delivery of stock to the interest on their respective portions of the public debt, before | Chesapeake and Ohio Canal Company, to the amount of two

VOL II.-23

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