of Great Britain, equal to the net revenue hitherto annually received by him." The following is a copy of the treaty, taken from The African Times. Of course, the professed object of this new acquisition was the suppression of the slave trade, &c.: "Treaty between NORMAN H. PEDINGFOLD, Commander of Her Majesty's sloop PROMETHEUS, and Senior Officer of the Bights Division, and WILLIAM MCCOSKRY, Esq., Her Britannic Majesty's Acting Consul, on the part of Her Majesty the Queen of Great Britain, and DocEMO, King of Lagos, on the part of himself and Chiefs. "ARTICLE L-In order that the Queen of England may be the better enabled to assist, defend, and protect the inhabitants of Lagos, and to put an end to the slave trade in this and the neighboring countries, and to prevent the destructive wars so frequently undertaken by DAHOMEY and others for the capture of slaves, I, DOCEMO, do, with the consent and advice of my council, give, transfer, and by these presents grant and confirm unto the Queen of Great Britain, her heirs and successors forever, the port and island of Lagos, with all the rights, profits, territories, and appurtenances whatsoever thereunto belonging, and as well the profits and revenue, as the direct, full and absolute dominion and sovereignty of the said port, island and premises, with all the royalties thereof, freely, fully, entirely and absolutely. I do also covenant and grant that the quiet and peaceable possession thereof shall, with all possible speed, be freely and effectually delivered to the Queen of Great Britain, or such person as Her Majesty shall thereunto appoint, for her use in the performance of this grant; the inhabitants of the said island and territories, as the queen's subjects, and under her sovereignty, crown, jurisdiction and government, being still suffered to live there. "ART. II.-DOCEMO will be allowed the use of the title of king, in its usual African signification, and will be permitted to decide disputes between natives of Lagos, with their consent, subject to appeal to British laws. "ART. III.—In the transfer of lands, the stamp of DOCEMO affixed to the document will be proof that there are no other native claims upon it; and for this purpose he will be permitted to use it as hitherto. "In consideration of the cession, as before-mentioned, of the port and island and territories of Lagos, the representatives of the Queen of Great Britain do promise, subject to the approval of Her Majesty, that DOCEMO shall receive an annual pension from the Queen of Great Britain, equal to the net revenue hitherto annually received by him; such pension to be paid at such periods and in such mode as may hereafter be determined. [Here follow the signatures.] "Lagos, August 6." COTTON AT LIVERPOOL. The following table shows the amount of cotton imported at Liverpool since the first of January, and the amount on hand January 31st, 1862, compared with the same period last year: COTTON IN THE UNITED STATES. The past month has worked a great change in the prospective supply of cotton from the United States. Sealed up, as the crop appeared to be thirty days ago, within the States producing it, by a large army and strong fortifications, there was little promise for the future. But since the first forward movement of the government forces began, their success has been so decided, and followed up so rapidly, that now nearly the whole of Tennessee, with the country bordering on the Cumberland and Tennessee rivers, have been recovered. These advantages, well improved, as we have no doubt they will be, must soon give us control of the cotton crop. Not the least favorable symptom is the apparent Union feeling which has been exhibited through a portion of the States opened, and we hope we shall soon be again enjoying the blessings of unrestricted trade with that section of our country. We have prepared the following table, showing the amounts of cotton shipped from Tennessee (including, also, Hickman, Ky.,) for the years 1860, 1861: Thus it will be seen that under favorable circumstances we can anticipate the receiving of only about four hundred thousand bales of cotton from the districts opened. The success, therefore, that our army has met with, although great, is valuable as much, perhaps, from the future. success it promises, as from the actual relief to the manufacturing world that will be obtained. It may be that the wants of the planters about that region will induce many to send their cotton to market through Tennessee, who have formerly shipped their crop through New-Orleans or elsewhere. If such were the result, it might increase many times the usual supply from Tennessee; but we have no real grounds at present for any such supposition or conclusion. We think, however, that it cannot be many days before other important movements will be made, and other points gained, so that speculations on probable results from the present successes would be of little value. The threats made in the South of burning their cotton we do not think will be acted upon to any great extent. These threats are made by the leaders, or under their direction, to frighten Europe. Their misguided and deceived followers may, in some instances, be led to act thus; but if they do, it will be more from the fear of those that rule over them than any other feeling. The people themselves, South, must know soon that they are being grossly deceived by their leaders, and that the government has only one object in this war, and that is to put down rebellion; that their property is safe if they will only cease to rebel against its authority. Knowing this, they will not attempt to destroy what can be preserved out of the general wreck. It is, therefore, perhaps well that the most of the cotton is still on the plantations where it was raised, and is not stored in any one, two or three places. If it were thus stored, the Confederate government might burn it; but as it is, scattered over the whole South, and in the hands of those who raised and still own it, they will undoubtedly preserve the crop until they find it can be brought safely to market. The extraordinary export of cotton from Liverpool to the United States, noticed in our last, has been entirely suspended. In fact, some return shipments have already been made. One lot of five hundred bales of American cotton (first, of course, shipped from America to Liverpool) was in January last reshipped to America, and the first of this month was again, and across the very dock at which it arrived on reaching the United States, reshipped to Liverpool. How many more times it will cross the ocean in its present shape is uncertain, so long as the market is subject to its present fluctuations. The cessation of the export from Liverpool was one of the results of the settlement of the TRENT affair, and the return shipments noticed above are the result of the fall of the price of cotton here, consequent upon the late success of the government forces in the West. The following table shows the receipts at and exports from the port of New-York, from January 1st to March 8th, 1861: JOURNAL OF BANKING, CURRENCY AND FINANCE. 1. CITY WEEKLY BANK RETURNS, NEW-YORK, PHILADELPHIA, BOSTON AND PROVIDENCE. 2. WEEKLY STATEMENT BANK OF ENGLAND. 3. NOTE CIRCULATION OF THE UNITED KINGDOM. 4. RETURNS OF BANK OF FRANCE. 5. QUARTERLY STATEMENT OF THE BANKS OF OHIO. 6. PUBLIC DEBT OF THE UNITED STATES. CITY WEEKLY BANK RETURNS. NEW-YORK BANKS. (Capital, Jan., 1862, $69,493,577; Jan., 1861, $69,890,475.) Specie. Circulation. Net Deposits. Date. 66 Loans. Weekly Clearings. January 4,...$154,415,826 $23,983,878 $ 8,586,186 $111,789,233 $ 100,642,429 11,... 152,088,012 25,373,070 8,121,512 113,889,762 105,634,811 66 18,... 149,081,433 26,120,859 7,369,028 113,327,160 107,732,780 100,001,959 66 25,... 145,767,680 26,698,728 6,828,017 110,874,786 27,479,583 66 February 1,... 144,675,778 8,... 143,803,890 28,196,666 6,077,417 15,... 141,994,192 28,114,148 5,762,506 22,... 139,950,958 28,875,992 5,489,496 109,079,076 111,346,066 6,404,951 112,057,003 93,791,629 29,826,959 5,363,944 107,974,499 109,854,823 8,... 133,055,148 Loans. Specie. Circulation. Deposits. Banks. Jan. 6,.$31,046,537 $5,688,728 $2,145,219 $21,396,014 $3,645,956 $1,796,805 66 13,. 31,145,938 5,692,123 2,162,152 21,324,510 3,992,952 1,702,716 46 20,. 30,601,160 5,733,450 2,120,756 20,698,496 4,120,261 1,575,116 "6 27,. 30,385,606 5,821,323 2,121,146 Feb. 3,. 30,385,319 5,884,011 2,144,398 66 10,. 29,974,700 5,923,874 2,191,547 16 17,. 29,388,544 5,849,354 2,191,512 66 24,. 29,280,049 5,867,686 2,230,605 Mar. 3,. 29,393,356 5,881,108 2,343,493 66 10,. 28,083,499 5,869,730 2,575,503 17,375,771 BOSTON BANKS. (Capital, Jan., 1862, $38,231,700; Jan., 1861, $38,231,700.) Date. Loans. Specie. Circulation. Deposits. Due to Due from Jan. 6,.$ 65,612,997 $8,920,486 $6,451 587 $27,093,839 $9,187,924 $8,701,873 17,. 62,587,788 8,410,890 6,469,309 8,315,887 24,. 62,053,640 8,341,588 6,580,205 21,515,228 9,625,869 8,644,360 Mar. 3,. 61,678,500 8,364,500 6,318,700 21,208,500 9,681,500 8,982,600 PROVIDENCE BANKS. (Capital, Jan., 1862, $15,611,650.) Loans. Specie. Circulation. Deposits. Due to Due from Jan. 11,.....$ 19,356,800 $408,700 $1,889,600 $3,054,600 $1,099,800 $ 915,400 Date. 16 18,. Feb. 1,. 15,. Mar. 1,. "" 15, 19,238,700 402,900 1,890,300 2,899,200 1,071,500 898,500 925,500 871,800 953,900 1,283,000 1,103,200 1,484,300 Date. Circulation. Deposits. Deposits. Securities. Jan. 1, £20,818,190 £7,345,833 £15,036,062 £30,419,730 £15,961,439 3 pr. ct. The following returns show the state of the note circulation of the United Kingdom during the four weeks ending January 11, 1862, compared with the previous month: And, as compared with the month ending the 12th of January, 1861, the above returns show a decrease of £371,590 in the circulation of notes in England, and a decrease of £1,122,816 in the circulation of the United Kingdom. On comparing the above with the fixed issues of the several banks, the following is the state of the circulation: The English private banks are below their fixed issue £1,101,075, the English joint-stock banks are below their fixed issue £464,893, total below fixed issue in England, £1,565,968; the Scotch banks are above their fixed issue £1,544,330; the Irish banks are below their fixed issue £183,217. The average stock of bullion held by the Bank of England in both departments, during the month ending the 8th of January, was £15,843,684, being an increase of £827,230 as compared with the previous month, and an increase of £3,104,280 when compared with the same period last year. The following are the amounts of specie held by the Scotch and Irish banks during the month ending the 11th January: Gold and silver held by the Scotch banks, £2,614,253; gold and silver held by the Irish banks, £2,485,320; total, £5,099,573, being an increase of £5,565 as compared with the previous return, and a decrease of £53,630 when compared with the corresponding period of last year. |