THE

MERCHANTS' MAGAZINE

AND

COMMERCIAL REVIEW.

CALIFORNIA

EDITED BY

WILLIAM B. DANA.

VOLUME FORTY-EIGHTH
FROM JANUARY TO JUNE, INCLUSIVE, 1863.

New York :
WILLIAM B. DANA, PUBLISHER AND PROPRIETOR,

CHAMBER OF COMMERCE AND UNDERWRITERS' BUILDING,

Nos. 61 AND 63 WILLIAM STREET.

1863.