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PALM LEAF PAPER. It was stated in the April number of the Merchant's Magazine, on the authority of an English journal, that a Mr. Ryan had obtained a patent in England for the manufacture of paper of beet roots, after the juice is extracted, and crystalized into sugar. We now learn that Messrs. E. Thorp & Sons, of Barre, Massachusetts, paper makers, have taken out a patent for the manufacture of several varieties of paper from palm leaf. They make at present, however, only wrapping paper. The editor of the Barre Gazette has received a few rolls, and pronounces it unusually strong, and at the same time delicate and flexible, presenting a surface smooth and »'• '' 'i"g- India rubber was thought to have been stretched some time a. ctyofuses; palm leaf bids fair to rival the elastic gum, and to become 1 i article of manufacture and trade. "We make here of it," says our Bar:e , . ., -t, " hats and caps for men, bonnets for women, and playthings for children; we build roads of it, make door mats and reticules, brooms and baskets; sleep on it at night, make cup plates of it for the table, and write letters on its surface; it is woven into carpets, spread into fans, and stable boys make it serve them a valuable purpose in cleaning horses."
In the economy of Providence, every fragment of creation seems to unfold, as man progresses in the arts of life, unbounded capabilities of adaptation to his every want. We have, indeed, daily illustration of the truth of that trite and homely adage, that "nothing is made in vain." That quaint old English poet, Herbert, who flourished in the fifteenth century, in a poem of some forty stanzas on " Providence," has graphically described, in his unique vein, the sentiment which forces itself upon us in view of the numerous discoveries of the age in which we live :—
"All countries have enough to serve their need.
If they seek fine things, thou dost make them run
For their offence; and then dost order their speed
To be commerce and trade from sun to sun."
* * * "The Indian nut alone
Is clothing, meat and trencher, drink and can,
Boat, cable, sail, and needle, all in one."
ARKANSAS COAL. The Arkansas Coal Company are doing a profitable business in anthracite coal. They anticipate the shipment this year of $150,000 worth of coal to the numerous cities and towns on the Mississippi. The coal from the Spadra mines is of the anthracite species, burns freely, with no unpleasant smell, and makes but little dust or ashes. "The mining company," says the Arkansas Gazette, " have entered into the matter with great spirit, and we predict that the day is not far distant when all the cities, towns, and villages on the banks of the ' great father of waters' will receive their supplies of coal from the state of Arkansas."
HAVANA SAVINGS BANK. This institution promises to realize the brightest anticipations of its projectors. According to the statements just published in the Diario, for the month of November alone, $21,255 50 have been deposited, without bearing interest; withdrawn, $8,387 624. Remaining in the bank, 12,847 874. Deposited to bear interest, $13,929 50; withdrawn, $414 50. Remaining in the bank, $13,515. Total deposited, $26,361 874- Of the depositors, 33 were whites, 13 of whom were for the first time.
EAST INDIA COTTON COMPANY.
A stock company has recently been formed in London, with a capital of £500,000, in shares of £25, the principal object of which, as stated in the proposals of the company, is to supply "the English market with a cheaper and superior cotton, of Indian growth." Tile importance of this question, to the manufacturer and the shipowner of Great Britain, was strikingly brought before the East India Company, by a deputation from the Manchester chamber of commerce, on the presentation of a memorial which stated "that the quantity of cotton imported into Great Britain in the first eleven months of the year 1838, amounted to 1,373,316 bales, of the value of £14,000,000 sterling, in its unmanufactured state, of which only 96,113 bales were from the East Indies, of the value of about £600,000, or only five per cent of the whole of cotton imported, about ninety per cent of our supply being drawn from foreign sources. That the value of the above quantity of cotton in its manufactured state was £40,000,000 sterling per annum, giving freight for 300,000 tons of shipping, and employment to upwards of 2,000,000 persons;" and concluded by pointing to India as an available, and at the same time, a more desirable source of supply.
That a large profit is to be derived by improving the culture of cotton in India, and preparing it for the English market, the East India Company think has been placed beyond a doubt by the successful results of the experiments recently made; the difference in quantity alone, its superior quality between the indigenous cotton raised without care, and such as is well cultivated, being in the same field, as five to one in favor of improved cidture.
The English East India Company, although prohibited themselves by the terms of their charter, from trading of any kind, has, under a conviction of the great interests at stake, procured from the United States, within the last year, at their own cost, through the express mission of Captain Bayles, a body of experienced cotton planters, who have already arrived in India.
It is further stated in the prospectusof the company that "a deputation of the East India Cotton Company have had interviews of a highly encouraging nature with the late chairman and deputy chairman of the East India Company, the president of the Board of Control, and Board of Trade, and the several parties in London, at Manchester, Liverpool, Glasgow, Newcastle, and Bristol, interested in this most important object, all of whom agree in the urgent necessity that a company should be formed for the express purpose of carrying out this object; the establishment of such a company being, in their judgment, calculated to insure ample returns to parties embarking capital, a relief from foreign dependency, and a wide channel of profit and employment to British shipping."
BRITISH FOREIGN AND COLONIAL WOOL TRADE. The wool trade are in possession of a full statement of the import and export of foreign and colonial wool at London, Liverpool, Hull, and Goole, for the year ending the 31st December, 1840, and as a production of its kind this contains some interesting matter. The total amount of foreign wool imported into London was 42,263 bales, against 54,668 bales in 1839; and the total quantity of foreign wool cleared for home consumption from the ships and the warehouses was 12,862,288 lbs., against 13,294,836 lbs. in 1839. The colonial wool admitted free of duty was 24,992 bales, weighing nett 6,240,593 lbs. from New South Wales, against 20,495 bales, weighing nett 5,414,359 lbs. in 1839; 10,378 bales, weighing nett 2,401,728 lbs., from Van Dieman's Land, against 13,618 bales, weighing nett 3,187,180 lbs., in 1839; 3,421 bales, weighing nett 724,604 lbs., from the Cape of Good Hope, against 3,252 bales, weighing nett 689,495 lbs., in 1839; 2,757 bales, weighing nett 922,153 lbs. from the East Indies, against 1,207 bales, weighing nett 430,278 lbs., in 1839; with sundries 25 bales, weighing nett
4,559 lbs., making a total of 41,473 bales, weighing 10,311,673 lbs. nett, against 38,572 bales, weighing 9,721,312 lbs., in 1839. As far as Liverpool is concerned, the total import of foreign wool, including goats', was 45,180 bales, of which about 35,000 bales were South American, against 53,658 bales in 1839; of this there were cleared for home consumption 9,190,393 lbs., against 9,800,786 lbs. in 1839. The amount of colonial admitted free of duty was 11,179 bales, nett 2,947,437 lbs., (of which there was 1,645,540 lbs. East India, 1,188,728 lbs. New South Wales, 105,420 lbs. Van Dieman'« Land, and 7,749 lbs. Cape,) against 8,995 bales, nett 2,530,032 lbs., in 1839. The import into Hull and Goole was principally German, and made a total of 49,755 bales, against 54,424 bales in 1839. The clearance for home consumption was 16,251,5171W« against 16,826,619 lbs. in 1839. The total exports from London were 717,405 lbs., against 531,749 lbs. in 1839, and from Liverpool 188,363 lbs., against 68,406 lbs. in 1839; making a grand total of 905,768 lbs. for London and Liverpool, against 600,155 lbs. in 1839.
FOREIGN COMMERCE OF RUSSIA. From the official returns of the foreign commerce of Russia for 1839, it appears that the exports amounted to 341,898,679 bank roubles, being an increase of 28,372,992r. on those of 1838. The imports were 249,152,476r. Thus the exports have exceeded the imports by 92,746,203r., showing greater prosperity than in former years. The importation of gold and silver, partly in coin and partly in ingots, amounted to 65,752,744 paper roubles. The principal articles of export were corn to the value of 88,259,596r.; hemp, 3,571,768 puds; flax, 22,348,260 puds; tar, 3,994,296 puds; iron, 1,073,908 puds; raw and tanned leather, 8,715,882 puds. The chief articles of import were, raw and spun cotton, 800,649 puds; dyeing materials, 20,947,480 roubles; sugars, 1,594,207 puds; wines, 20,288,829 roubles; silk, cotton, and linen manufactures to the amount of 38,708,977 roubles.
Note To The Article On Imprisonment For Debt.—Since that article wasirriiteD, (some months since,) the state of New York has removed the reproach alluded to, and the explanatory act of congress having left no doubt as to the law of the United States, it is now impossible, lawfully, to imprison any person, resident or non-resident, in the "empire state," except for crime.
The opinion of the Hon. Willard Phillips, as to the adjustment of an average for detention to refit, politely furnished for publication in this magazine by Zebedee Cool, Jr., Esq., President of the New York Mutual Safety Insurance Company, is unavoidably deferred. It will appear in the number for July.
"The Mississippi Scheme," by Francis Wharton, Esq., of Pennsylvania, the first of a series of papers on the Commercial History of France, will also appear in the July number.
iLr The present number closes the fourth volume of the Merchants' Magazine, and the second year of its existence. Subscribers can have their volumes uniformly, neatly, and substantially bound, by sending them to the office, 142 Fulton street, at fifty cents per vol.
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