of vegetable material) screens, hassocks, and rugs, shall be forty-five per centum ad valorem.

On oil cloths for floors, stamped, painted, or printed, valued at fifty cents or less per square yard, thirty-five per centum ad valorem; valued at over fifty cents per square yard, and on all other oil cloth (except silk oil cloth,) and on waterproof cloth, not otherwise provided for, forty-five per centum ad valorem ; on oil silk cloth, sixty per centum ad valorem.

Approved March 2, 1867.

PUBLIC DEBT OF THE UNITED STATES.

Abstract statement, as appears from the books and Treasurer's returns in the Treasury Department, on the 1st of March the 1st of April, and the 1st of May, 1867, comparatively:

The following statement shows theamount of coin and currency sepa

The following statement shows the amounts earned and expended by the Erie Railway Company for the past five years :

The following shows the disbursements of the net earnings for each of the five

The cost of the property of the company at the close of the same five fiscal years

Difference (made up by the Drew loan on 28,000 shares at 60)...

14. Tariff Laws passed by 9th Congress 404
15. Public Debt of the United States......
16. Erie Railway

The following advertisements appear in our advertising pages this month:

THE

MERCHANTS' MAGAZINE

AND

COMMERCIAL REVIEW.

JUNE, 18 6 7.

MILWAUKEE, WISC.

Milwaukee is the largest and most important city of the State of Wisconsin. It is located on the river of the same name, or, more properly,. partly on the river and partly on the bluffs overlooking Lake Michigan, lat, 43° 02′ 34′′ north, and long. 87° 54' 22" west, about 85 miles north from Chicago. The district of which it is the port of entry embraces the whole Wisconsin shore of the Lake, and includes the sub-ports of Kenosha and Racine southward, and Port Washington and Sheboygan northward.

This city was founded in 1835, and was incorporated in 1846. The progress of the city and State in population, in the twenty-five years (1845-65) is thus marked by successive enumerations:

The city and its external relations are thus depicted by the editor of the Eighth Annual Report of the Milwaukee Chamber of Commerce: "Milwaukee is very favorably located for commercial purposes, and itsnatural advantages were recognized at an early day as likely to place it

among the foremost of the inland cities of the continent. Its career during the last fifteen or twenty years shows that this expectation was by no means a baseless one, and justifies the belief that even those reckoned among the "oldest inhabitants " may live to see its full realization. Situated on the western shore of Lake Michigan, about eighty five miles from the head of that magnificent inland sea, and possessing a harbour unequalled on the whole chain of lakes, it seems to have been designed by nature as the great receiving point for the surplus products of that vast domain composing Wisconsin, Northern Iowa and Minnesota, as well as the general distributing point for the eastern and foreign merchandise required to supply the rapidly increasing population of all that productive and flourishing section of country. The Milwaukee and Menomonee rivers flow through the city, affording a river front of almost unlimited extent, and uniting in the heart of the city, form a harbor capable of accommodating a fleet of two thousand vessels of the largest class. The entrance to the harbor is protected by two parallel piers extending out into deep water, and securing a permanent channel-way 260 feet wide and 12 feet deep in its shallowest part. The Milwaukee river is damned about three miles from its mouth, furnishing a good water-power, upon which the manufacture of flour is extensively carried on."

The railroads at present terminating in Milwaukee are:

ona.

1st. The Milwaukee and St. Paul Railway, running in a northwesterly direction through Columbus and Portage City to La Crosse, on the Upper Mississippi, a distance of two hundred miles from Milwaukee. This road, or a branch road connected with it, will, without doubt, be extended, within the next year, or two at most, to Winona, Minn., thus bringing the extensive railroad system ratiating from that thriving city into direct communication with Milwaukee. The Winona and St. Peter Railroad, which must necessarily form one of the most important feeders of the Milwaukee and St. Paul Railway, is already in operation, 91 miles due west of WinTo Owatonna, where it connects with the Minnesota Central Railroad, establishing an unbroken line of railroad between Milwaukee and St. Paul. The old Milwaukee and Horicon Railroad, extending to Berlin on the Fox river, forty-two miles long, together with the Ripon and Wolf River Road, running from Ripon to the Wolf river, are now branches of the Milwaukee and St. Paul Railway, owned and operated by the same company. The Chicago and Northwestern Railroad, intersecting the Milwaukee and St. Paul Railway at Watertown Junction, and extending through Fond du Lac and Oshkosh to Green Bay, is also an important feecer to the same trunk line, but in consequence of the hostility of the management of the Northwestern Road to Milwaukee, much of the trade from the portions of the State through which it passes, that would naturally come to this city, is forcibly diverted to a more distant and inferior market.

2d. The Milwaukee and Prairie du Chien Railway, running through the most populous and productive portion of the State, from Milwaukee to Prairie du Chien, on the Mississippi river, 196 miles, with a branch extending 40 miles in a southwesterly direction from Milton, through Janesville to Monroe, in Green County, 110 miles from Milwaukee. As soon as the Company shall have completed the McGregor Western Road so as to secure direct connection with the Minnesota Central, they will no

doubt give their attention to the extension of their southern branch, from Monroe to Missippi at Dubuque, which will establish their connection with the extensive system of railroads running into Iowa from that point. The McGregor Western Railway, alluded to above, has been leased for a long term of years by the Milwaukee and Prairie du Chien Railway Company, who are vigorously pushing it through to completion, the intention being to extend it to the north line of the State of Iowa so as to connect with the Minnesota Central from St. Paul. This road is already in operation a distance of 66 miles from McGregor, and preparations are in progress to bridge the Mississippi between the latter place and Prairie du Chien during the present season.

3d. The Milwaukee and Minnesota Railroad, running in a northwesterly direction to Portage City, about midway between Milwaukee to La Crosse. This was formerly known as the Eastern Division of the old La Crosse and Milwaukee Railroad, and until quite recently was operated as part of the Milwaukee and St. Paul Railway. The Western Division of the old La Crosse and Milwaukee Road is owned by the Milwaukee and St. Paul Railway Company, who, by purchasing the Milwaukee and Western Railroad, and building 40 miles of new road between Columbus and Portage City, secured a through and direct line of their own to La Crosse, and leaving the Eastern Division for the present without an outlet to the Mississippi. The protracted litigation for the possession of this road was terminated a year ago in favor of the Milwaukee and Minnesota Railroad Company, who are now operating it between Milwaukee and Portage City. The Milwaukee and Minnesota Railroad connects with the Northwestern Railroad at Minnesota Junction, running to Fond du Lac, Oshkosh and Green Bay.

4th. The Chicago and Milwaukee Railway, running along the lake shore from Milwaukee to Chicago, 85 miles, and conrecting with the numerous lines of railway at that point running east, south and west. Twenty miles from Milwaukee, this road intersects the Western Union Railroad, running through Southwestern Wisconsin and Northern Illinois to Savanna, on the Mississippi River, 165 miles from Milwaukee, thus forming the shortest line between Lake Michigan and the Mississippi. It is proposed to establish more direct means of communication with this part of the country by building, the coming summer, an air line of railroad from Milwaukee to Burlington, in Racine County, a distance of 60 miles.

It will be seen by the foregoing that the network of railroads centering at Milwaukee is being gradually but steadily extended and perfected, so that within a very few years the number of miles of railroad tributary to our city will be doubled and our commerce increased in the same or a larger proportion.

In addition to the Chicago and Milwaukee Railway, we have, by means of the Detroit and Milwaukee Railroad and Steamship Line across Lake Michigan, a direct Eastern communication with the Canadian railways and those of New England and New York. This route is available for the transportation of freight during at least ten months of the year, and during the summer season the trip across the lake, in splendid steamships built expressly for the line, forms a pleasant break in the monotony of a railroad journey between the East and West.

The grain trade of Milwaukee has grown up with amazing rapidity, and