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THE DAlL,r EVENING TELEGRAPH PHILADELPHIA , TUESDAY,
JULY 7, 1868.
SriRIT OF THE PRESS.
SDlTORlAt OPINIONS OF li!B I.F.ADINO JonRNAI.fl
BPOM CDHBKNT TOPICri COMPILED FVlsHT
DAY FOB THK EVK.VISO TI'LEnUAFH.
Scarecrows -31 r. Slovens.
fr om the Jf. T. Tribune.
The distingni.-Leil ami veneraWe representa
tive from JViiUcjlviiuia, in ropo.-iiig, last
Friday, a gift o( money in hxcmw of their sala
ries to cooHt of the i.illlio employe in Wash
ington City, saw fit to deliver himself as
"Mr. Hlovens, of I'-'tmN. lvunln: f r. Clialr
Itinn, J bohII lid O'Copy rn.v live minute.s, A
word Will be Millleleu!.. Hhub Unit! nnt wo
pHsm'tl a llll gl v I ik 20 per (('mi, itiiil 1 1 urn ill con-
enal ion to all widish shinies (ire Hotter S-'iD.)
Ut a 0;iiei:i w I UiluU Mint U Ho- mi'iie I
scare crow ciinio on hero from New Yurie ami
CouihpcI over iIih uroiintl mie nigut, 'nt next
day the friends ,f tlio hill n'linci'i'il into clio
ftiitelnpes of lh moiint.iiiiH, M'ureil to (Ih.iMi;
Ihehlllw.iM di f' idt (I, iiikI tin' Kciv ero weul
buck to New York 11 lutnpii int.. (I mliler.)
'Now, this huh ml iiienl contains le-tt tlrm
one-third tlie niniiiitil Unit wa appropriated hy
thai bill, mid we lm u mrrely mHhim ij glv I ti is
pniall iUhiiCi to these men. 1 liuve liea-il H
Bnld that a good iiiiiny of I neni are married. 1
FHwaliHloI the liiiliniV men wm hi o man led
(lanuliler); runt nnoo l li tu t tireo fntn liim of i no,e
Will) wlil le lientlltt-tl hv t-nls amen imont, liivo
that inlhfortuuv. 1 nope tlto amendment will
Commi nfs by the Tribune.
Mr. Stevens' illuatratiou t-eenm to in ex
ceedingly felicitous. Crows are useful iu their
place, ami do a world of good; hut tlfti th-y
have a weakness for getting out of pU.-e, and
depredating ou the tanners' corn. To curb
this vicious proiien?i;y ami drive hank tlie
black ravens from the lields wIith they would
do mischief to those haunts wherein tliey are
useful, is the "being's end aud aim" of ccire
crows. Honor to scarcecrow-t I Crows are
good and had hy turus; suaieuiows do uiui h
good and no harm at all.
And now to business:
We diller radically with Mr. Stev-ns on the
vital philosophy of (Jovei iimut expu titure.
Mr. Stevens proposes a free (ilt of publio
money to certain employes of tlie Government.
The original proposition (twenty per cent,
extra on their last year's earnings) would
Lave required two millions of dollars; Mr.
Stevens' modification thereof would take at
least one million. Now all the money in the
Treasury, in our view, has to Im earned in
order to he epent. If certain parties are given
$1, 000,000 extra out of the Treasury, certain
other parties must pay 1, Odd 00i) extra into
the Treasury. Mr. Stevens' proposition then,
raises this question, V 1 1 jnstie lie sub
served by taking $1,000,000 extra Irom the
tax-payers aud dividing it among these Wash
ington tax-consumers I" Ou that (jiiesiion,
we are constrained to vote in the negative.
We would like to gratity the Washington
clerks; we cannot do it at tha expense of the
American tax-payers. We believe the great
mass of the taxes are paid by men who work
harder and for smaller pay than the Washing
ton cleiks that the appropriation urged by
Mr. Stevens could only be nude at the ex
pense of equality, justice aud the rights of the
poor. Hence, we oppose it.
Mr. Stevens' theory is radically different
from ours. He holds that Governments cau
make money at will not m-rely "coin
money," but call it into being. The power of
Congress to "regulate the value thereof
which we hold to be apoer to declare the
true value, from time to time conforming the
legal to the actual standard he holds to be a
power to declare every leaf iu our wo ids a
dollar, and thereby make it the full equiva
lent of an American bilver dollar. Of course,
our notions of economy in ollicial management
must seem exceedingly petty aud shabby in
his eyes. When a Govermeut has Aladdin's
lamp, why should it not toss full purses about
as though they were pebbles ? Who doubts
that a lucky pirate is more liberal in his
disbursements than a poor farmer who has
toiled forty years for less than a dollar per
day of twelve to fourteen Louis' hard work?
Naturally, the pirate thinks "the farmer a
miserly, meau-souled skin Hint; but the
farmer's Standpoint is different; aud he could
not, if he would, lliug guineas aud doubloou3
to waiters and ostlers as the pirate cau well
afford to do.
We owe a national debt of twenty-five hun
dred millions of dollars. Not a dime of this
debt comes to us or to any one in whose per
sonal fortunes we feel an interest. Bat the
debt is righteously due; it is the price of our
national salvation; it is to be paid by houest
sweat and toil; and we are more than willing
to pay our part of it. Call it a tenth of all the
property in the country a mortgage of ten
per cent, on every farm and every building
aud we are ready to work while we live lor
its payment, while we hope to leave some
property to be taxed therefor until the last
dime is paid off. We cannot consider a na
tional debt a nationel blesaiug auy more than
a personal debt ia a personal blessing. We
greatly desire to pay off principal at the rate
of one hundred millions per annum until there
is none left to pay. We understand that piy
ing debt means harder work, more frugal
living, less considerable accumulations
of properly thau if we did not
owe. But Mr. Stevens has a very different
notion of debt. Our two thousand millions of
interest-beaiing national debt he holds cau be
extinguished by offering the holders green
backs for their bonds, dollar for dollar, and
thereupon refusing to pay interest ou them a
day longer. That is to eity: For a debt which
specitically draws iuterest in gold at six per
cent, per auuum, the principal being payable
Within twenty years at furthest, he hulls that
we can tender the lace iu greenbacks drawing
no interest at all, and payable never, aud if
our creditors do not acoept these we may tell
them to whistle for their money. LU calls this
paying we deem it swindling so barefao-id
that no blackleg in New York or in Washing
ton could rtsort to it without being cut by his
fellow blacklegs as a low, contemptible villain.
It is iLevitable, therefore, that our notions of
"twenty per cent, (or any per cent.) extra"
sliould diller widely from iho.-e of Mr. Stevens.
Prom the Pittsbury Commercial.
At a time when the Government was hard
pressed on all sides, and its liuancial necessi
ties most urgent, it called on the people not
capitalists merely but everybody, to give
their money aud take its bonds; aud the call
was responded to in various ways, to the
amount of about twenty. live hundred million
dollars, the average interest thereon being
about six per cent., the bonds being mainly
Five-Twenties. Without the money the Gov
ernment could not Lave survived, and there
was no other way of getting it. Nor was
there any certainty that the Government
would not, after all, go under; for the days
were dark, and it was uo time for stopping to
calculate coolly. There were those who did
not hesitate to urge that whoever put his
money into these bonds would draw a blank.
And they are of those who are now clamoring
for a Btep toward repudiation. The Govern
ment gave good terms, but nobody at the time
thought, and few will now couteud that, cou
sideiiug everything, they were too good. It
was a bargain a contract the consideration
whereof, so far as the lender is concerned, was
that that be should get the nominated interest,
and ultimately Lis principal. There was a
chance that he would get neither. Ou the
other hand, Government agreed to pay, but
everybody understood that the Rebellion must
first be put down, and the life of the nation
preserved. Few men in their cool momenta,
operated on by no emergency, would choo-ie
to lend money in this way at an average of six
per cent, per annum. Now, however, if we
do not destroy our credit by dallying with the
repudiation idea, we may, perhaps, borrow as
much or fund our debt at a less rate of inte
rest. Put this depends ou the way we keep
It is not an Auspicious cirsnmstanie that
the House of Representatives, by the votes of
all the Democrats and enough Republicans,
Lave instructed the Committee of Ways flu I
Means to bring in a bill providing for the col
lection of a tax of ten per cent, ou the interest
en these bonds, whereby the interest will Im
reduced. The proposition is a blow leveled
at our credit, especially abroad just where
we should be most jealonn of it. Bo far as it
goes, it is repudiation; for it violates a solemu
apieenient. It is a proposition calculate!
Feiiour-ly to impair, at the moment when
tlie f tieiigthening of the national credit
f-liould be the policy of everybody in the
land, more especially tho.e acting for the
There is much claptrap talk about bnn Is
en-aping taxation when every other descrip
tion of property, including incomes, is taxed.
Who of those who thus talk would take the
bonds on less favorable terms under the cir-ciiliit-tances
exi.-tiug at the time Governuint
vii tually demanded the money? Aud whit
scut of honor is it that prompts an individual
or a nation, after the storm has b 'en weathered,
to undertake to cut down the agred up in
jate of interest on a forced loan? Ordinarily
bends should not be exempted from taxation;
and as a rule there should brf no way whereby
money could escape its share 01 the common
burthens. l!ut in this cae exemption from
taxation was in a large degree the wherewith
the nation saved its life; and who will say it
Was too much to pay ?
fc-ix hundred aud iitteen million of ths bands
are held abroad. Would auyb ly repudiate
the bargain which was an easy one for us, as
ever body thought at the time on that ac
count ? At home four hundred aud twenty
five millions are held by th" banks, which are
taxed as heavily as anyb dy. The remainder
is held, not by the capitalists, but as a geueial
thing by men of comparatively niod-Mt
means. Is there any reason why the bargain
with them should be repudiated !
The vital eoiiM deration which attaches to
this question is the national credit. Tuat
must be preserved at xll hazards. There will
be no dilliculty iu funding the debt if we kp
perfect faith. If we do not, the thirteen mil
lions which the proposed ten per cent, tax
would produce would be earned at an incalcu
The (iru'iiljack Doclrinc-Its Fun lumenlal
From the N. Y. Timm.
The supposition that the legal tender-acts
apply to the bonded debt of the Government
results from misapprehension of their object
and scope. From ihe veiy origin of the Gov
ernment legal-tender acts have been pissed,
their object iu every cave being to enable de
fendants in fuits to pleal that ihey have male
a lawful tender; but as the Government is
not capable of being sued, and is consequently
not under tlie necessity of tendering money iu
legal pioceediugs, no lawyer or statesmau, or
financier ever supposed that these ajts, whioh
commenced with Geneial Washington's ad
ministration, were passed with auy other view
than to afford the means of determining the
rights and obligations of parties who might In
litigants in judicial contests. S iciety would
be entirely unprovided with proper and suf
ficient regulations to determine the relative
rights and obligations of debtors and creditors
if courts were not in existence, empowered to
decide whether what had been tendered was
lawful aud sufficient, or otherwise. But
neither in any work on elementary law, nor
in any opinion promulgated by auy court,
nor in auy production regarded as authority
iu any country, have these legal-tender acts
been supposed to relate iu any manner to the
obligations of the Government which passed
The act of Congress of February 0, 170'i, pro
vidt s that Spanish milled dollars of a certain
Weight "shall pass current and be a legal ten
der for the payment of all debts aud de
mands." The act of June 2f, 18)11, provides
that certain other coins therein enumerated
shall pass current as money within the United
States by tale, "for the payment of all debts
aud demands." The acts of June 28, 1834, aud
March 3, 1S43, use the same language appli
cable to other coins. The Constitution re
stricted the States from making "anything
but gold and bilver coin a tender for debts,"
but was silent as to the quantity, weight, or
description of such coin, aud Leuce the ne
cessity for legislation on this subject by Con
gress to establish uniformity in all the States
as to what constitutes the debt paying me
dium. But for such a restriction on the
States, and for euch regulations one of the
great objects of union would have been ini
tiated. No one supposed that the general Govern
ment could pay its debt in Spaui.-h milled
dollars by weight, or iu such other foreigu
dollars by tale, although as betwenu indivi
duals and corporations, public and private,
they were thus made a lawful tender for their
publio or private debts. It would have ben
deemed a violation of honor to apply an ordi
nary legal-tender act to the solemn obligations
of the Government, which hat defined pre
cisely in its coinage acts what the dollar ws
which it purported to pay. The debt due by
a city corporation comes withiu the descrip
tion of a public debt, and answers that call of
the legal-tender acts of LSU2 which provides
that the greenback currency shall be "lawful
mouey and legal-tender for all debts public
and private withiu the United States." The
privilege of pleading such a tender in court
was thus extended to the public debts of pub
The act further provides, and hre it departs
from its functions as a legal tender act, that
fuch greerback currency shall be receivable
for "all claims aud demands against the
I.' nited States except for iuterest upon bouds,
notes, and certi'hates of debt or deposit."
What was intend-) 1 by claims aud d-jmau ls ?
A debt asceitainod and fixed by a solemn
undertaking is never referred to by such loose
phraseology. It was intended to apply to that
large mass of claims aud demands curreut aud
floating for which no bond or other security
had been issaed. When the Government
isi-ues its promise to pay a dollar it means
no other than the dollar fixed by its owu laws.
A single test will set this uwter clear. Tin
a:t of 102 provides "that the Secretary of the
Treasury is hereby authorized to issue, iu
addition to the amounts heretofore authorized,
one Lundred and fifty millions of dollars of
United fctates uotes, not bear ng iuterest,
payable to bearer at the Treasury of the
United States." These, it thou declares, shall
be such tender.
Now, what did the Government intend
Should be thus promised by the greeuba-k
and paid at the Treasury on demand ? No
one supposes that it was auy other than the
gold or silver dollar described in the act of
lS:i7, and 1?4!. When, therefore, in its
five-twenty bonds it proniUes to pay a dollar,
the same dollar was unquestionably iutenle l.
The word, as between itself aud thoe who
leceive its promise.!, has no other siguilljatiou
thnn that specified in the coinage acU.
although as to "all claims aud demand"
authenticated by officers of the Government,
and (or which securities have not baeu issued,
this temporary currency is made receivable.
The adoption, therefore, of the greenback
theory by the Democratic Convention will be
a blunder as well as a wrong, because, although
what is stamped on the back of greenbacks is
calculated to mislead, yet, examination into
the theory upon which legal tender acts are
passed will sati.-fy fair-minded men that so
much of it as relates to legal teuder has no
mauijer of application to the debts of the Gov
ernment, which, not being suable, cauuot
plead a tender; and that so much of it as re
lates to claims aud demands, refers only to
the mass of lloating debts of a current nature
which might be temporarily adjusted by a
promise to pay au actual dollar at a future
day, which dollar the creditor would ultimately
be entitbd to receive at the place of desig
nated paymeut, piovided he remained hoi ler
ol tbe stcutity.
In the case of an individual who pleal-i the
leader ai.d makes the payment of a greeuba -k
the discharge from the debt is iininedia'e and
absolute, but although male receivable for
claims and demands agaiust the Government,
the Government is still the debtor fur an equi
valent amount payable iu gold or silver dollars
on tbe happening of resumption ou presenta
tion of the greenback security.
The Inju-lice f Taxing lion's.
jfYoxi the VliiciuiD 2 rHin no.
The Committee of Ways and Means, in re
potting back to the House the J5atler-Cobb
leMiluliou reducing the interest upon L'uited
Stales bonds, in the form of a bill, say that
they do so "iu obedience to au order from the
House, and iu opposition to their best judg
ment," aud that they "reserve to themselves
the right, as members of the House, to oppose
in every possible way the adoption ot the
measiue, which they regard as hostile to the
public interest and injuiious to the national
character." The committee could not have
expissed their (lb-approbation of the bill
they were forced to report iu stronger
language. But they have also framed
it in such terms as to indicate to
Lim that iuus precisely the meaning
of a ten per cent, tax upon coupons. "J'o
secure the collection of said tax," says the
bill, "the amount of interest hereafter paid
u ai'y bonds or securities ot the United
Staes, beaiing in'eiest at six per centum
shall beat tile rate of only fi ;e and a half per
centum; bearing in'eiest at the rate of live
per ceir um shall be at the rate of only four
aud a half per centum; aud b aring interest
at the rate of three per centum shall ba at
the rate of only two and seven tenths per
centum per annum;" aud a prov siou is added
that "no higher rate of interest shall be paid
on the national Securities, all conditions of
such securities and all laws to the contrary not
withstanding." Tlie bill reported thus de
clares that the bondholders shall hereafter
receive, in lieu of the iuterest specified ou the
face of the national promise to pay, "a cam
posiiiou at the ra'e" of niuety cents ou the
dollar to borrow the expression with which
an English journal characterizes the tax of
sixteen per cent, recently imposed upon her
by Die bai ki upt Government of Austria.
To tbe foreigu bondholder, who purchased
his ben is in the belief that the nation by
which they Were issued would observe at least
the letter of the obligation, the proposed mea
sure would be simply a breach of g od faith,
the consequevces ot which would be disas
trous to ad concerned. The markets of Lou
don, Frankfort, and New York cauuot ba far
apart while the Atlantic: cable coutiuues iu use,
and a depressiou on one side of the water must
be followed by a corresponding depressiou on
the other 8:de. The European stock exchanges
are more sensitive than the American to iu
lluences affecting the marketable value of
United States bonds, have much less faith in
the purpose of the Government to pay them
according to their letter and spirit, and will
throw them upon our bauds if alarmed. It
needs no prophet to tell a business man the
effect upon values of the forced sales of oue or
two hundred millions of the six or eight hun
dred millions of bond held abroad. Breach
of faith with the foreigu bondholder will surely
lead to a depreciation iu the value of the
principal at least equivalent to the amouut
netted by the tax, probably to a serious dis
arrangement in business and perhaps to a
In the case of the American bondholder,
the proposed abatement of interest, iustead of
equalizing taxation, as claimed, would create
a maiked inequality. As was shown by Mr.
Blaine, in the speech we published the other
day, more thau seven hundred aud fifty mil
lions of the bonds being held by national
banks, savings b?mks aud insurauce com
panies, are already heavily taxed. Moreover,
the act of March 2, lb(i7, expressly provides
that iu estimating "the gains, profits aud in
come of any person, there shall be included
all income der lved from interest upon notes,
bonds or other securities of the Uuited States"
arid "the amouut of all premium on gold aud
ccupins." Thus every person residing iu the
Uuited States aud every citizen of the United
States wherever residing must pay at least
five per cent, upon every coupou he collects.
Why should Le be mado to pay fifteen per
The theory, even if it were founded in fact,
that the national securities held at home are
mainly in the hands of wealthy capitalists
would afford no ground for an enactment so
nujiist iu its operation; for Wealthy capitalists,
who lend their money to the Government,
ought not to be punished for doing so by beiug
taxed more heavily than capitalists who invest
their fortunes elsewhere. JSut it is not the
tact that the Uuited States bonds are so held.
A larue nronortiou of them are held bv noor
jieup e, or uy ji'-i'pie m luoneiiiie circum
stances, either directly or indirectly through
their interest in savings bank, iusurauoe
companies, or national bauks. It is these
pecq le, who cauuot change their investments
so readily lis moneyed men, whom the Butler
Cobb proposition will rob. The Western mau
invests h ss iu permanent securities, because
he turns over his money o'teuer thau the
more cautious ci'izens o older communities,
but in the Kf t it is otherwise, lb-uce the op
position from the liast to i'endletou's scheme
of repudiation, which Messrs. Butler and Cobb
have done no little to bolster up, if reports
from New York may be relied upon.
(Jmiit sinii lie vocation A Parallel.
Fiom the JV. Y. World.
Nearly seven hundred years ago, soon after
the accession of Richard I to the tbrom of
England, a number of Jews thronged from all
paitsof the kingdom to Loudon, chiefly for
tlie purpose of seeing the coronation of that
l'riuce. Intolerance a sin from which the
world yet suffers was very rife among our
Lalf-baibarous ancestors then, aud the Jews
were foi bidden to present themselves on the
occasion. A few of them had the temerity to
do so in disguise, however, but they were
discovered, and Ike infuiiate populace at once
aro-te in their uuau might, indiscriminately
pHinden'rg And murdering the Jews of Ln- I
don. lids led to a similar emin'c at lor1:,
where, aiter Laving suffered much from t'i
aioleiiceof the roughs of that d iy, the Je v
were permitted by the Governor of Yo k
Castle to take refuge within that fortali
whither they removed, with their families aud
Now it sperxis that tbe leaders of the mob
were indebted to the Jews, and Bi, by cou'eiit
of tlie Sheriff, who was also probably a bor
rower, they attacked the castle But so
hideous were their manifesta'iom of ferocity
that the Sheriff repeut-d when he saw their
cruel impulse, and revoked his orier. Never
tbele?s mob law prevailed. The .Tewi were
pressed 11 pen iu their stronghold until they
could ho'd out no longer, and th-n, by advize
of tbeir chief Rabbi, tiny all, ;o the ii'miler
of five huii'liid, destroyed their wives and
children, and tht u put au eud to ih-ir owu
An edict Against the Jew-, and a revocation
Of the edict when popular opinion set iu
Against it, were abn mat ked incident in the
military career of Geueial Graut. There is
no evidence, so far as we are aware, that he
ever I bu k-mailed the J uvs, or that he was in
debted to thun when-lie drove theni from tlie
(iinips of the army; but irr that act we see a
curious and instructive proof that the world
has not made progress in every direetiou,
alter all, and that a leader of American armies
in the nineteenth coutury can be as intole
rant, if not as cruel, as a fanatical boor of the
The j aT.illel is brief, but it is so lli dent to
"point a moral," it not to "adorn a tale."
Tlie Jews upon whom Graut pa-sed the gra
tuitous insult iu question did not commit
suicide to the number of ;"00, or any other
number; but, ou the contrary, the act of
Grant vaa a suicidal oue for himself, as will
doubtless be proved when tbe votes for the
Chief Magistracy come to be counted and
in this we have au antithesis as well as a
VJvr" OFFICE PENNSYLVANIA KAILKO.VD
tOil PAN Y.
Pim.ADKLi'iiiA, May 13. isns,
XOT1CK TO BTOCKJIOLDI'JW.-Iu pursuance ol
resolutions adoiitocl by the Board oi Idrectms at a
stated aitell i g bold tills day, notice is tieieliy Klveu
to the HU.'Ckliolilers of tldn Company, that mey wlil
Lave the privilege ol subHCribhiK, either directly or
by Mihsiiuition under such rules as muy he prescribed
therefor, f .r Twent-llve Per Cent, ot atf'' liiniiti
Slock at 1'ar, In prcpoi linn to their respec tive Inter
puts us they stand rceiHiereit ou the hooks of the
Co mi, niiy. Way si. Im.h.
Holders of less than f"iir shares will be er.tuied to
subscribe lor a lull snare ami those holditiK more
Shares than a multiple of four fehates will ue entitled
to an ildlilonal Moure
Sjuhscrlpllous to the new Hlock will be received ou
and ulier Way ;it, lsss, auit the privilege ot sub.fjrlb
lug will ctiine on the 311th day ot .Inly, 1ki;s,
The Instalments ou accouul ol the uew bhuros uha'i
be r aid lu cash, a follows:
IhI. Tweuty tlve I'ei Cent, at the time of suhocrlp
tton, on or betore tlie .10 h day of July, lulls.
2d. Twenty-live Per Cent, on or before the 15th day
ot Did ruber. IStSS.
:.d. 1 wenty-llve Per Cent. 011 or before the 13tn day
ol June, l8i:u.
4th. Twenty-five Pur Cent, on or boloie the 13th daj
ol iieccniber, IsiiB, or II Stockholders should prefer
the whole amount may be puid up at once, or any
remaining li stuluieuls u.ay be paid up In full at the
tinio of tho payment ot the second or third loslal
nunit, and esch lnstKln.ent p.ihl up, Hlmll be entitled
to a pro rata divldeod that iuy be declared on lull
Shares. THOAf AM M. F1K I II,
6 14 11W Treasurer.
fP PHILADELPHIA AND REAPING
BAIL KO A D COMPANY. UlUce No. 2i7 b.
FOURTH S.reet. PiIiLAHKi.ruiA, May 27, 1SIW.
IsOlICK To the holders ol bonds of thePlULA
DI'.LPIUA AND RKADINO RAILROAD COM
PANY due April 1, lH7a
The Company oiler to exchange any of these bonds,
of J lot 0 each, at any time before the (1st) first day of
October next at par fora new mortgage bond of equal
tin 1011 11 1 bearing seven per cm t, latere t, clear of
United States aud State taxes, having tWeuty-ilve
vcari to run.
The bonds not surrendered on or before the 1st of
October next will be paid at maturity, In accordance
with their tenor. H. UtiAUt'OKl),
fr-;-'i PHILADELPHIA AND READlNiJ
HAlLRliAiJ COM PAiN Y.
I'lllhADkl.l'HIA, Julie 25, 1808,
IIV11.AD ISO TICK.
The Trnnsfer tt nks ol tins cmnpauy will be cloied
011 TU KeUA Y. June 3D, and be reopened ou THURS
DAY. JlilV lli. ISliS
A dividend of I VE PER CEXf, has been declared
011 toe i'ri lerrtd and Cnuio on sj'ock, clear ol ua l iuul
nun snie lux ; pu alne on Cuuiuiuu isiock ou aud
iilierJUlA 15 to the hohleis thereof, as they suill
sikmI reg s.ereri on the bok il inn Company ou the
.0 h outturn. All ray tio eat this olllce.
C:b2ui H. BltADD'OltD, Treasurer.
fT;" VY OliflHR OP THE COURT OF
COMMON PLKS a stock vote ol Ulu SIKH
' ANTII.K I.litnAKY COM Pa N Y will b taken on
the lie owinu prop '! am nililli'Ut to tu Charier:
Section 6 The Hoard ot Directors shall l ave lull
power to make and ulu-r such Kiiln and lly las as
ih y may Ot em necessary lur the web-being and rue
inuiiun ioei.1 ot the allairs of the e'ouipauy: Provided,
such 11 laws nre ijoi repugnant to nr liicoushtent
with lids Charter, er with t tie Constitution aud laws
ol lids s-iK'e or ot tlie U nited states.
The polls will be opened lu the LIBRARY, on
M ON 1)4 Y, J Hi 0. and cosed SATURDAY. July 11.
ThehourB lor voting will he, ou Wood y, Wednes
day, and Friday, lrom to a,M. to 2 P. M., an" on
Tuesday, ' humility, and Saturday, from 4 I I) P. 11.
The vote will he by bullnt. ecii'shar o( stock being
endued to oue vote, which must be p esuuted lit
JOHN lAliDNER Recording Secretarv.
Philadelphia. July 1. lnM. 7 20t
rjsr iiA!CHK.Lous hair dye. this
Z3J splendid llalr Dv Is the best lu the world;
the only true aud perfect Dye; htruiless, reliable,
ltstatilaueous; uo disappointment: no ridiculous
tlmit; teuieilles the 111 ellecis or bad dyes: Invigorates
and leaves the Hair soli and beauiitu.. bldck; or brown,
boiu by all Draughts and Perloiuers; and pmpsrly
aw li. U ut 11a cliel ir Wig Factory, No. is HCMD
btreet. New York. 4 27atwf
IN THE DISTRICT CoUKT Oy THE
1 ITN1TK1) SI Al'Ks KOR 1UK HASlhit.N Dlo
TiGCT OF PKN Nft V LV AiN I A
The linderRlBiied heieiiy gives nonce of Ids appoint
meal as Assignee of K'N DALKN MPLK. ol the
tl y 01 Philadelphia, county of Philadelphia, and
mh e ot l'l iuisyivaiiia, iihin bsld lU urict who hit
hem ai judeu a bankrupt upi.u Ills owu petition, by
the L1 laurel Court of sain District.
JcjUN KOIIKRTS. Assignee,
No. Us si. S.IX I'll sitreet.
Paed at Philadelphia. June 24, inn. i 2stuthaw
31 S IT A Tl KING nttll'AKY
CAPITAL, - $3100,000
This Coaipnny are now prepared to famish
W 1 J4ANl'N IMTKNT IM PUOVHll MXKA9I
Of auy power required, n:on two weeks' notice. They
ntvc htt u introduced la this city, aud thoroughly
tested with uiosl satisfactory results, aud are sold
LMKll UVAllANTF.IC Ol' AUsOLUTK SAFETY
FROM DFltoUOTlVE EXPLOSION. They are
cheaper lu tint cost, and In expense of erection, more
efom mica! lu fuel, duruble aud conveulont la uce
tnaii euy oilier apparatus tor generating steam,
Ult'lIK OK CO HIM NT,
(ROOMS Nos. and 6),
No. 628 WALNUT BTUKKT
NKLPON J. NICKKRSON, President,
KXWAKD 11. ORA11AM,
titiiiu ttocretary and Tre are
218 a 220
S. FJ.0NT ST.
OFFER TO TIIK TRAT IN LOTS,
FJKE RYE AND SOUR BOX WHISKIES, H I!0J.D
or iHor, ls-uiT, ami ijis.
ALSO, HIE FIXE ME AM) El! HUM WUMIES,
Of GREAT AGE, ranging frcm lG-l to
Iiiliei ftl contiac'i wlii be tufen-d loto for lots, 6o( ut. t;i iUikry, of tins j e:uH' nuuiac!ur.
WAT CHUG, JEWELRY, ETC.
. tvas LADor.ius & co.
'DIAMOND DK.MiKKS & .IEWK I.EKS.V
w M 11 rt r. r uii nun 1 t. 1. ... r
VWATCHE3 and JEWELRY REFAIHED,
ROD m . n Tit. ; 1 1 . .-'1 V
y unostnut; r..,
NVATCrE OF TI1K UNEsT MAKER4,
D1AMOM1 ASD OTHJiR JIV.VKLR Y,
Of the latt st styles.
S')LID ISILVFR AND PLATED-WARE. KTC. ETC.
f-11 ALL STCDS FOR KYKLET HOLK9,
A large atsortment Just receive t, with a variety of
sellings 1 i?lp
We keen always on band an assortment of
WIHW Allil UEhlN' "FIAB
O't'oo br-m American and Foreign Makers, all wtit
taiued to give complete satisfaction, and at
aiOLATLY JUCUUfJUD PRICE!.
FARB Si BUOTHKii
lcu pollers of Watchei, Jewelry, Musical Boxes, K
niMmlhirpJ So, 824 CH ESN OT SJ t below Fourth
Jutpecial attention given" to repairing Watches au
Musical Boxes bv iTiWl'-CLAi-W workmon.
O. W. RDSSKLL,
Stmc Importer and dealer In fine Watches.
French Clocks. Gold Jewelry, Etc., No. 22 N. blXTH
street, having received the agt ucy ot
BT EVENS' PATENT TOWER CLOCKS,
Is prepared to make estimates and contract lor put
ting up these Clocks for Town Halls, Churches,
school Houses. Etc., In the lull assurance that they
are the best and cheapest
In tbe United 8-ates,
Inquiries by mail promptly answered. S2d
H KM LOCK.
ISEAHONKD CLEAR PINE. 1 Oi'O
SjKASiONED CLE iK PINE. J.OUO.
1 it" hub ra 1 1 f.n. pijsk.
BPANIbU CEDAR, FOR PAHEttNS,
1 OiQ FLORIDA FLOORING. ln,.n
lOOO. FLORIDA FLOOK1NU. lOOO.
FLORIDA STEP HOARDS.
RAIL PLAN K.
lCiO WALNUT BDS. AND PLANK.
IOUO. WALNUT RD3 AND PLANK.
WALNUT PLAN K,
lO'Q UNDERTAKERS' LUHBER. lQiQ
IOUO. UNDER TAKERS' LUMnJiB, JLOUO.
WALNUT AND PfNR.
1 Ci-'Q SEASONED POPLAR.
IOUO. faEAbONED CHERRY.
WHITE OAK PLANK AND BOARDS,
IQitQ CIUAR BOX MAKERS' lOi'O
LOOO. CIGAR BOX MAKERS' J.OUO.
bi'ANlbil CEDAR BOX BOARDS.
FOR SALE LOW.
1 Qi'.Q CAROLINA SCANTLING. TQ'Q
IOUO. CAROLINA H. T. SILLS. IOUO.
CEDAR SHINGLES. 1 QQ
CYPRESS SHINULES. IOOO.
MAULJC, BROTHER A CO.,
No. 2500 SOUTH Street,
T. P. GAL YIN 8c CO.,
LUMBER COMMISSION MERCHANTS,
SUACKA3IAXOX SUILET WlIAfil,(
BELOW SLOATS MILLS,
(SO CALI.KO), PHILADELPHIA,
AOENT3 FOR SOUTHERN AND EASTERN Mann
fi.elnrers of YELLOW PiNE aud SPRUCE Tl MBEtt
BOARDS, etc , shall be hai py to furnish orders ai
wiiuleskle rates deliverable tunny acce. slble port.
Constantly receiving and ou hand at our wharl
sOLlilKKN FLOODING. SUANILINO. SHINGLE!-,
eastern laths, pickets, bkd-rlais
SPhUCK, H KM LOCK, -KLEoT MICHIGAN AND
CANADA PLANK AND BOARDS, AND H AO
S1A1CC blllP-KNEES. 1 ai 8lutn
Al l. OF WHICH WII.X. II F DELI VF.lt F.U
AI AKY I A KTIH THK I'lTV PKOilpTI.Y,
MTKD STATES BUILDKHS' MILL, N0b'
, zo, auu o, iu 1 i li Dtreek
ESLEti URO., PROPRIETORS.
Always on hand, made of the Best Seasoned Lumbsi
at low prices,
WOOD MOCLDIKUS, BRACKETS, BALUSTERS
AN D NEW ELS.
Newels, Balusters, Brackets, aud Wood Moulding
VVOCD MOULDINGS, BRACKETS, BALUIsTEKS
Walnnt and Ash Hand Railing. 8, X, and 4 Inches
BUTTERNUT, CHESNUT, AND WALNUT
WolTLl ' f NSt o order. 6 U I
rPO FAMILIES RESIDING IN TUIi RURAL
We are prepared, as heretofore, to supply families
at their country reMderices with every descrlptlou oi
FINE GROCERIES, TEAS, ETC.,
AL.ltF.HT t). KOHKKTM,
Dealer In Fine Groceries,
11 7.JP Corner ELEVENTH aud VINE bis.
A. S. ROBINSON,
F.HJSNCJJ PLATE LOUKIXG-QLJi&lXli,
,t:.-!IKAVLNlic, PAINTINGS, DRAWINGS, ETC.
Manufacturer of all kinds ot
LI OK IMS-GLASS. 1'ORl'RAlT. AND PlLTUKIl
FRAMES TO ORDER.
HO. 010 C'111-.MNHT HTHEETi
Third Door above tbe Continental,
OrG CAST-OFF CLOTIIIKG.-TIIK HIGH
CvI est price paid lor Ladies and (Jenia.
Address 11 lilUITuN,
tieiuiu No, Bt'tibOUXUbtieot,
S. FRONT ST.
L'RANDY, WINE, GIN, ETC.
HCALL & McSRIDK,
liBA ?;LIIiS, WIM'S, QL.iB, ETC.,
A I'D DIl'TILLKIiB Of
f;sl cld m, bcurcm ard l.'3sc.hgheu
W H I H U Y,
i'l.TE AND CNADULTVRATKI,
ISo. lfl South FRONT iStreo;,
Llqcovs hy the B Itle and Demijohn rurnlnlird
uprexuly lor luuiliy md no'dijiiiHl purioes. Orders
Ly luall v. In he proujnily attended to. 12tbturp
11 AM HACNK. AN 1NVOUL OK "PLANT
' Lore" ( httiupague, ln. ortcd and lot sae by
JAMI CAlt-TAIilS. Jit.
126 WALN VI and 2. GRANITE Street
C-IIAMPAGNK.-AX INVOICE OF "GOLD
Lac" CLaiiipague, lmpor.ei: and lor sale by
J A A. ES CA KST4 I Ks, J R,,
12l WAI.r- 1'T and 'l UUA M iK street
CtllAMI'AGNE. AN INV0ICR OF "GL0-
rla" cliuuipague, hupor led ttinl tor sale by
4I18 I2S WA 1 NJuV, y'fSi 'sjt.
ARSTAIHS' OLIVE OIL.-AN INVOICE
fit LIlM hlnV0 l,ir .ulu hv -
J ft ES CA RsTA I RS. JR.,
IX WA LNUT and 1 OKAN1TE Btr,
g T E V E N S l A L E I N S T I T U 1' E.
BOARDING 15CHOOL FOR VOUNG LADIES,
Terms Board, Tuition, etc. per scholastic year lCOO
Circulars at Messrs. Fairbanks & Ewlng's, No. 711
CHEHNUT Btieet; also at Messrs. T. B. Pelorson A
Brothers', No. 8U0 CHEHNUT Rtreet,
Address, personally or by note,
N FOSTER BROWN K, Principal,
10 8 thnitf South Amboy . N. J.
ks. aaa and aiu bodtb mtiikbt
Has large assortment of
Ladles'. Misses', and Children's Bilk, Velvet, Felt,
Straw and Fancy Bonnets and Hals of the latest
uyle Also, bilks, Velvets. Ribbons, Crapes,
Feathers, Flowers, Frames, etc., wholesale and
H. S. EC. C.
Harris' Seamless Kid Glovos.
JEVKKX rAIU WAKUANTKU.
KXCLUKIVE AGENTS FOB GENTS' GLOVffiJ,
J. VV. CCOTT & CO.,
I27jrp MO. 814 C1IKMKVT VTBISCT,
AM lXJESTLEMJESi S rVBMIMUINCI STUBS
PERFECT FITTING SHIRTS AND DRAWIHU!
made from measurement at very short notice.
All other ar'lclns ol GKNTLEjiLEN'b DBJ&JS
900D8 la full variety.
WTNCnmKB A vo
U3I No. 70S CHESNUT Htrno.
$3?& GARDNER & FLEMING'
0. 214 feOUTll F1FTI1 STREET,
An assortment of NEW AND SECOND-HAND
CARRIAOIj lilways on hand at REASON ABLB
DYEING, SCCURING, ETC.
$T R E U G H
8 C O U It I IV G.
ALCEDYLL, MARX Cl CO.;
BO. 1U riil!TU ELEVt-JKllf STUKET
MO KAS K WTRr.BT. mo mw
GAS FIXTURE S.
AllSKFY, MERRILL d: TUACK.ARA.
No. 71S CHEHNUT Street,
mauntscturetu of Gas Fixtures, Lamps, etc., etc.;
would call'ne arieutleti of the public to their large ana
eiegant assortment ol Oas Chandeliers, Peudan's,
lirat-keis. etc. Thev also liitroduoH i-hji.ii1iim ini.i
dwellius aud public buildings, and altoud t iextena,
lug. altering, aud repairing gas pipe.
an wuri warisuuiii.
fr, "BEELEY'S HAIiD RUBBER TRUSS,'
No. i;i47 tlMhWUT street. Tula Truss cor-rtM-iiy
applied will cure and retain with rate the most
dlllicult rupture: alwas clean, light, easy, sale, and
comtorlable, used il balhiug, lltt.-d to form, never
rusts, breaks, soils, become limber, or moves from
place. No tttram Ing. Hard Ruhber Abdoirllnal Sup.
poriert by which the Mothers, Corpulent, aud Ladles
sulletitig with Female weakness, will And relief and
tiertet I supper1! very light, neat, aud ellectual. Pile
iiKiri iiieiits Shoulder Braces, Elastic Stockings fof
weak limbs Suspeuslous, etc. Also, large slock best
Lcult.ei Trusses, half usual price. Lady In atuni.
ance. ; 1 SWwfm
TO ARCHITECTS AND. BUILDEH3
Hyatt's Patent Lead Band and Ceuitut sidewalk
Lights, Vault Ltghta, Floor and Boor Mgbts, made
by Brown & Bros., Chicago. For sale, tilled, and laid,
down by ROBERT WOOD A CO.,
No. 1136 RIDOK Avenue.
Iwrm Sm Bole Agents for Philadelphia.
T I L L I A 31 B. GRANT,
Nr. 8 B. PELaWARK Avenue, Philadelphia,
Diipont's Onnpowder, Reliued Nitre, Charcoal. Etc,
W, Paker a-l o.'s Choeola'e Cdco a id Brouia.
('rocker, Itros, ldi Co. '8 Vellow Mutal Suetttiil"5
BolW aud Nlls. Hi