Newspaper Page Text
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VOmMLiNQi 170.1 NEW SERIES;
OHIO,; FRDAY M0ENIWG. DEC. 27,
1V. . 1 1 IVj
Bll D0IIAR8 PIE TEAB,
- InrarUbly la Adnnct .
DAILY. TEI-T7EEKLT AND WEEKLY
MANYPENNY & MILLER,
WBUBHijBI A-TD BOEIKTOBf.
D" Office Dm. 86, 88 and 40, North High 8t
TZBM8 INVARIABLY IN ADVANC1. ' '
rP'tZZ i:2 nww
aj tfie Carrier, per week, M cents
. t f ii u
jfarm. o Advertising by the Square.
JH?r 1 .;.:2 SSI 9n ? ?
On ,. " month IB 00
On " 8 month IS 00
On 3 month! 10 00
3n - S month) 8 00
Oat " 1 month. 5 do
On. i" 8 week.. 8 00
On " 1 week... 1 7S
On 3 dan ... 1 no
On "" 8 day... 75
Una . lloitrUon SO
Displayed adverUssment half more than (he abor
All notices required to b published by law, legal rate.
. ..uicijr aiiorianraiwK
per cent, more than the abore rate); bat (11 inch wll
BuilneiCir!i,notexiiedlng Are line, "per rear. In
. htf i 8e'Jlf chuble, oolotle, fire companle,
j tram hnt advtrtittmmU mutt b paid for n
Owwkie the rale wlU not 1 arW f wirT.
Uttl'V?? "f" M tS? J),uf, h,r theadTerlleer
k.f 1- Where h Dally and Weekly
Ko adrertuemrot taken except for a definite pirtod.
PINE & OIIITTENDEN,
COUNSELLORS AT LAW,
29 , ?K7VM1 Street,
(Ofllcei of Oily Jadg,)
Bon. Jame Monoilef, N. T. Superior Court. ,
Boa. H. B. P,n oivland, 6. - '
"?5: P' Ht tnwr, Lancaster, O.
3ET- J. "TOTTE-IjZjSJ,
attorney and Counsellor at Law,
' NOTARY PUBLIC, "
fWJS 87 HIaH MRIKT, 0DE0N BTJILD
W ISO, oppnlt the State Home. '
6.fa-n1 1"1" n1'"' Promptly attended to.
Baferenee fin nhen requlrtd. ,,
; TXoxury Kclilor,
ICUte of Phalon'i Eitabllthnunt, H. T.J
P?0?"?.011 OP NEW TORK
Boutli High St., over Bain'a Storey
JenMi,tUfacUoB will be given In all the rarleni
n' m4 Ohlldren'i Hair Vnntog done to the beat
aapiaav V"; f '. ?f,.V ; . ..i
- Ho. 178 North High Street, .
ptafpuS. 0OM lwW,I1yxitentt:
et'tnTtaSa1 W,keJ P l !'! hu, of a nlht for
Verm moderate, to in.lt the lime. ' : - '
. NEAR TJKI0N BSP0I,
ONE DOLLAR fER KAY.
:l A. B. STMTTTNS,
Attorney at Zjaw
AVD NOTARY PUBLIC.
Offloe Amboi Building, vppoalte Capitol Square.
' ' " 00LUMBUB, OHIO,
Attorney & Ccunsellor "at Law,
,iM.- C. LILLE Y
' J!tlh$ E0B TSSKT' OHIO
-EAGLE BRASS WORKS,
v. CoruorMprinv & Water Su.,
' OoiumtoUB, Olalo.
W. B. POTTS & OO.,
aad Uannnvituren of Bran and Oompoaltiua Oaatlni
. : . f Flplahed Urtu Work of all DceoripUonU - ,
Electro;. PIatingand Gilding !
5 r STENCIL CUTTING,
Colnmbns Wholesale Liquor iStore
: ; LACELLE R08S & CO., ?
- COMMISSION MERCHANTS,
i IMP0BTZB9 AND DEALERS IN
Foreign and Domcstio Wines. Brandies
,1.5 dco.'eko'. 'A180,
OLD RYE, KONONQAHELA & S0URB0N
' .- i ' :
tat uiauu ' ' "
WABEH0UBE AND 0JFICE, Sail SOUTH TlWH 8T
.tv O!;C0IUMBTJ8, OHIO. !,
ttpSdiyli ...... t i
(8TJ00BS30K TO McKEE fc RUSTTEAUXy
!id6,'! Soutn'-High- Stree
- .'i DEALER IN ' ,
p 5 Foreign aii4 .Domestio Fruits, j
; FLOUR, SALT,' LIQUORS, ETC.
STORAGE fit COMMISSION :
1 , a pf'v
' I- '" 1
Mai quarto dictionary.
Tte .IfttestThe largeitThe Best,
s .The Cheapest Because the Best,
The xrioet ltellabi Standard Au
.tborlty of tb Eng-llab. IvaDrnaar.M
"THE BE8I BNatlSS W0TI0NAHY XTaNT.'
- - trary Mm JKMrywAere.
'He i are npward of a HondreoV Tboaaaad Word,
i . . , Mjuvaiimiuufl) winuni
' - - v CUnofonart CbnUnerefdl.
af Me ZtoMoru of the ihmbtrt of t Ohio SiaU
Ttadwr't AtociaMon. .
The nndenlgiwd, member of the Ohio State Teacher'
Aetooiatlon, adopt and aim to ne In teaching, writing
and peaku, Uw orthography and pronanoiiUioa of
Woreeter' ttojal Quarto Diotlonary, and e moat oor
dlally reeommend It a the mot reliable itanderd au
thority of tho Englbh language, a It 1 now written and
apoken. , ,. .,. . ,
loam Axniiw, Prealdent Kenyon College.
.' V-iwoarr, Saperlntandent Zaneirlll School.
. Taor. W. HAaen, Map't Maaellon Union School.
M. t. OownnT, Sup't Publlo BchooU, Banduiky.
: Job Ltikm, Bnp't Publlo School, Olrolerllle.
If. BAjiroao, Principal OlcreUnd female Bemlna-T3-
War. UrreinxL, Bnpt Publlo School, Mt. tTnlon.
o"OaDaM,Prlnoipal State Mormal School, Ulnne
Orao Naion, Principal Fourth Intermediate School,
H. 8. MAarw, Bnp't Canton Union School.
,IimmKMuFrljieipifaNel? Normal Boheeh , J
" u H.Xirrm, Prof. aUlhematlca, Ohio UnlTerally.
War. W. InwAKne, Bnp't Troy Union School.
A. 8. Honuo, Principal Wert High School, Olere
land. 8. A. Noto, Awoelate Principal High School, Cleve
land. iHaoiwRi BTOujia, Principal High School, Oleva
R. T. HuMirrow, Principal Cleveland Initttute. '
J. A. GaaruLo, Prealdent of Electlo Injtltute, Hi
ram. W. I.. Haxro, Prof, of Ohemtrtry. Ohio Wesleyaa
H. H. Bariot, Ex-CemmlMloner of Common School,
Jaiu Honoa, Prof. Khetorlo, Oberlln College.
Taoe. Dux, Prealdent AnUoch College. 1
0. W. B. OATBOAaT, Prof. Uaihematioa, High
S. 0. CaoMBAOea, Prof, language, High BchooL
8. M. Bakb, Bnp't Union School, Aihland. '
MoT tAan Sim BunAvd aLW PmAjml nt CMUl.
Ot, Proftnort, AuUort and PUUngttUhtd Xduccr
ton, hav mdorud Me abovmntimmt.
PRESIDENTS OF COLLEGES IN OHIO.'
V arietta Oouaaa "It la tralv a mamlflcant work.
aa honor to the author, the pnbllh.ra,and the whole
eonntry." PreHdent Andrew.
Oano Waeurr a UmvmaiTV ..-' It axoMdi mv smart.
Uone. It will be mi euid In orthoffraohv ami nronnn.
elation, and will often be eonnltadbymeforlt neat
ana accurate aennitloni- Prealdent Thompaon.
W. B. EflLlOTia CoLLsaa. "HantnfnM w. tiAm nwA
Webeter'i orthography. At a recent meeting of onr
raealty.lt wm decided to change It to conform to that
of Woroeiter'f Boyal. Quarto Dictionary." President ,
Wierma Rxinva Ooixtoi. I And It worthv of
oordlai approbation." Prealdent Hltohoock. ,
OmLta Ooiuo. "It more than meet sy expccta
tlon. I reoommend It aa the vtandard aathority In
orthoepy to my children and my pupil." Pteeident
Horgan. . ., . . ,
Aim oca Ootxaaa. "I adopt and aim to use In teaoh
Inr. Wrltina and Maktnff. the orthoffraohv and timnun.
elation of Woroeiter'f Boyal Quarto DloUonary.''
rrenaeni tiui. - , . . :
"In all my writing, speaking.'and teaching, X have en
deavoied le oonfonn to to rale for orthography and
pronunciation a contained in Woroeater Diotlonary."
Horace Mann, late Prealdent. I
Kamroa Oouaaa, Ountn. ''I meat eordUUy reoom
mond U aa the meet reliable (tandard authority of the
ngllah language a It I now written and ipoken."
Prealdent Andrew. j
SCHOOL COMMISSIONERS OF OHIO;
tYom Bet, Anton Smyth, Commitiontr of Common
. SoKoott in Ohio.
"The Diotlonary I an Imperlihable monument to the
learning and industry of It author, and an honor to the
world of letter. The mechanical elocution 1 far infe
rior to that of any other Lvxloon with which I am ac
tYom Bon- B. B. Sarney, Xt-Oommtttiomr J
BcAooU en Ohio. .
"The moit reliable itandard authority of the lan
WHAT THB '
LorMlins Newspapers of Ohio Bay.
y Mrom tKt Clttdaud Braid of Sfardi S8.
The orthorrashv of the Worceeter Dictionary la that
am VJ mo.u ll no, .uuivn vi uib,ui.iuu iu uii.
country and England, and oonfonn to the general naage
. I . I h . 1 . .1. Jl.-t -I ILI.
of ordinary writere ana tpeaker.
Whatever prejudloee may have ezlated previoojly, a
careful itudy of thl volume will Invariably be followed
by a warm appreciation or ll great menu, ana a aeaire
to add It to to well (eioeiea iioraiy, o largo or no. it,
It 1 a library Inltaeir, ana win remain aa impertana
ble record of the learning of It compiler.
from On (HnolanaH Oommeroial of AprU SO. j
Bar an nnwardaof a hundred thouaandword aood
bad and Indifferent whose multifarious meaning and
derivation, together with their eorreot spelling and pro
nunciation, are set eieariy neioro iu. vyv. in. wors u
unquestionably the greatest Theaauruiof English Word
Iron tK OlvMUmd FlaAnitaUir of Sept. 20, 18C0
EvldestlV WoKCISTn' ROVAL OOARTO DlCTlOMABY it
not only tk kut, but th aT work of tht kind eoer i
u, ana can oy no posaibuicy aujier oy oomparwua or
from th Toltdo Elad of Hay 39. .
A to noKCNCiATioM. Woaoeraa is aa BtaxuaRti
followed bv our beat authors; In definitions he leavos
nothing to be desired, and in OaTHoaBAruT it I sufficient
to sty that woacarrta can be aaieiy louowea.
lIVGHARK & BRAGG,
PiiMleher, Bookaeller & Statlomcra,
NO. 191 SUPERIOR ST., CLEVELAND, OHIO.'
THE MUTUAL BENEFIT
LIEE INSURANCE COMPANY,
DlTldena January 1, 1 86 1 45 Per Cent.
ASSETS m 3,813,5S6 to.
' Statement January l,' iseit
Balance, per statement Jan. lit, 1SC0.....3, 400,38. 30
Beoelved for Premium dur
ing the year 18(10 87S3.0SS SS
Received for interest during
tha year 1860 . 814,014 19
Total receipt for 1800.... 1977,067 74
Paid Olalm by Datfa37,030 00
Paid PoUde surron
dered 41,111 59
Paid Salariea, Post
age, Taxes, Ex
change, eta 31,020 54
Paid OommlMlons to
Agent 51,325 30
Paid Phyafcriaa' fee. ,96 7S
Paid Annuities 117 00
Paid Dividend dnr
log the year 166,500 7J 565,091 63 411,078 14
Net Valance January 1st, 1801...
Cash on hand 86,9224 IS
Bond and Mortgage on Beal
Eatate, worth double the
amount loaned 8,337,841 08 '
Premium Not, on Pollcl,,,., . . ,
In foroe, only drawing Spsr i. ' '
eant. Interest-.-! 1,87S,M4 I? '
Real Estate. ..,.-. .... - -80,893 V7
Loan on Scrip. m j S,8M 44
Premium, Note andCaah, In. i .
course of transmission.... ' 45,343 75 -
T6T5 PolWe la fbree, tnurlng......8(j,48e,638
1,139 new Polldee have been Issued during the year.
After a caiefnl calculation of tha present vain of tha
outstanding Policies of th Company , and having the
aweewary amount in reaerv lUrefor, the Director
have aeciarea a jjitidctb 01 a per eeni. oa to Premh
us d id at th labia rate, to all do! Idea for Ufa In f dim.
Issued prior to January 1, I860, payablt aeeordlng to the
preeent rale of the Company.
Rate for all kiad of Life Contingencies, Prospect
uses, S tatements, and Application, will be furnished
without cnAaaa, aa to vuioe or Agencies 01 to Uom
BOBT. L. PATTERSON, President.
L. O. 0 ROVER, Vic President.
BBNJ. 0. UILLRR, BecreUry.
rrr.r,,. T . U. K. VfelfSON, Agtnt,
: ... No, 4 Johnson Block,
March S8, 13C1. . Columbus, 0.
TiIiAlfi and rifiiJHEn Ri.arar
17 DREBS STLK8, of every grade. Tha meat seltct
mm uncut w wi city, asa at most reaaonatti rate. 1
. Prta. r w JJ( . , . . Re, 8onHlUstt ,
GREAT NORTHERN AND EASTERN ROUTE.
Connecting at OrejtUn with the PITTSBURGH, fT.
rraxna a oiiiOAOO EAILH0AD ' ' '
or nttOmrffh, JMladtlp!Ua and Salmon. Alto
,T for tort Way nt and ChieaM.
Connecting at Olevoland wllh the LAKE BHORB RAIL
For Dunkirk, nnffalo, Albany, Boa-
-mmy MUU ASV X UT4
TWO TRAINS DAILY,
From Cotambua, in eonnection with Train on the
IIRST TRAIN. " ' '.' '
" Vnfpttn at all autlona, atop at DaU-ar
Oardlnrtnn. Oil... a.nn .. ,, .
NEW VOT1 ET VYDSvaa T i .
- uuev lhici uuiumous a, tr.
B.( will leave passenger at all stations. Greenwich,
Bochester, Columbia and Olmsted being Flag station,
- -- rvp mi wawugeii ucepi upon ijr
Dal. Arrival at ni.Unai rfm n i T...r.-t . I.B
. A 7 W.v A . AU., A UU 111 TK af A XU.
At Piwarllnst Uk tm.L. . ....
,. v.. iiuurgo,Ft. vtavn() ana unicnzo
SfaSS1 "".delPr and BrJtUS!
Jti !!!" "I1? 8anaMlly. Mansfldd and Newark Rail
road, for all point on that road. Also for Tolsdo.
Totedolnd0 Chicago. 01tyltBi ai loledo EilroJ f
At OlAV.I.ni1 w(IK at. n... . . .
n.u.k d. , " naiiroaa ior Btie.
Dunkirk, Buffalo, New York and Boston.
Patent Sleeping Cars are run on all
flight Trains to Chicago, l?ew
York and Boston.
Bavw Through to Km Tort and Boston
efts OejeZonA- alto, to Philadelphia and
Jev York via OrttUint.
Night Eiprcs arrives at Columbus at... I;3o A. 11.
Cincinnati Express arrivee at Columbus at 1:30 P. M.
Far) aa Lew aa by anyotber Koute.
Aik for Ticket via CraHincor VtneUrA.
E. 8. FLINT,
BUtrlntjident, Cleveland, Ohio.
JAMES PATTERSON, Agent,
Columbucr!,!!!. Colombo, Ohio.
Rnom AND PREVENTS I IV
flaramatlrin anrf n.tn ai a 7
t - - " uciia uitj wunt Darn,
cam, lrulse,ou -or freah wound of any kind, prevent!
wMHitwu iiuui uctj iingt, mogquito b te. and
nntlfmnllB n la vita. aaaawiMlf. u . . ' .
- r---i "1,,a'ft,' incuiiiaiiixn, zu9 in ine
reuL Bafili rhAnm. mtm Utkm a.i ia TT ...
poiitlytljr cur oroup QflhU.lim,nd giytt lxunediata
rAllAfln thai taTAw.f-M.M- f akl. .-LiLi." . " .TT . W
ramovaa hoaraenew and ton throaU Price, S3 Mats
hntLlA. Mhnnlrf ha In aim . - V. . m .
glU and Storekeeper. IP.VIN 8T0NB,
ootvdfcwiin r ' H Bpruc,,t H8W l0
No real Justice can be dona the above preparation
but by procuring and reading descriptive pamphlets J
be found with all dealer, or will be sent by Proprietor
An A.m.nil. Snnniit-. . fPl.l !-.. . . . .
. uuiiici tern u fnyn
Man, who will find development In both worthy thoU
Correspondence solicited from all whose cecessitlc or
Ml. vlA.IH- HMM nt. ,M ..I.I 1 . ,
-..w..v r.Vu.w w i -hi ui ui. noove reiiaoie lieiro
For sale by the usual wholesale and retail dealer
JOUIe fi. GCSSEWEIJi, Proprleto
CKEIUST AMD PH RM ACTOTIS?,
Ho. 8 Commeroial Wharf, Boston, Man
Roberta & Samuel. N. B. M.rnla. J. n Ciu.it t u
Dentg, O. Denlg & Bona, A. J. Schueller 8on, AgenU
iut wuiiuiiuu., vino. myl-uly
The Beat Artificial Help to (ho
. Human Sight ever Invented.
JOSEPH 8. PERLEY,
PRACTICAL & SCIENTIFIC OPTICIAN,
TTEEPS THE LARGEST ASSOBT.
- am 01 uo moss improved kind or Spectacle,
Ait ui uiasse, wncmer ror near or far-sighted, are
ground in eoncavo convex rorm with the greatcat care,
ao aa to suit the Evea of all cues, mrinir w.Vn..
IHailneas er Inflammation of the Eye, and Imparling
Itrenglh for long reading or fine eewing.
umoe, u Bast Btate itreet, at Belwer Webster's
J.M.& V. KCERNER.
Corner ofBioad& Front Streets,
CROCERIES, PRODUCE AND
FOREIGN & DOMESTIC FRUITS,
FlOUll, SALT, LIQUORS; ETC.
OrSTERS BT THE CAN IN THEIR SEASON.
AUCTION AND COMMISSION
rpHB STJBSOBIBEB HAVING TAKEN
Js. a lease on th stor Boon
STo. 11 East State St.,
ha opened it a an
Auction & Commission Boom-
He 1 now prepared to receive on Commission every
description of property, auoh as Dry Good, Qrceerle,
Liquors, lursltare. Carriage, Horses, etc Be also
Intend to devote hi attention to aalea of Beal Estate
and Ptmnai Property, at any point, within twenty mile
v. mi. vity.
Auction Sales Every Evening.
Consignments reipocifullyKllclttd. '
W. &. KENT, Auctioneer
Cranberries I Cranberries' !
30 CBJIJEKHIESf lit OOO0
0f ORDEK, oa consignment. . , .
vcm. nit pj
WM. H. StSTIEAUX,
ostn ., . io SoithBlrt Street
EAST. WINTER ARRANGEMENTS
Acta nLf '
CENTRAL OHIO AND
STEUBENVILLE SHORT LINE
coNNiottifii ax jSBuaan with the
PeMsyhaiiia .Central -Railroad
I ;. )Q r. . i dim THB , . i .
Snetrto-t, aaickeat and Ittoag neaira-
viw uwuo to ait aaeieria CItlea.
' ' - -
Trains Leare Colombo as follows:
via inunt, '
' via miirstiLUi
4 00A.M- . 3:10 T.M. 4:00 A. M;
10:40 A. Mi
aurivs at rtTTiaoaon
8:45 A. M. 4:10 P. U. 10:30 P. U.
4:10 P. U.
arrivs at HaRrisboro
10 P. 11. 3:10A.M.
8:15 A. M.
ARRIVI AT BALTIBIORS
ARRIVI AT rBItAOILPaiA.
5:20 p. M. 7:40 A. M.
8:30 A. M.
1:50 P. M.
NEW TORK VIA ILMmw. M. V.
11:00 A. M. 0:50 P.M. 11:00 A.M. S:3uP.M.
10:13 P.M. 1:45 P.M.
5 00 P.M'
PasEenger by this Una raaoh New Ynrfa In hJiuim nr
auy noruern route.
S:45 P. M. train la tha onl nn. fmm rininvn. af
ttla hour, by which pessonger can reach Baltimore or
ttmumjkiou Ul loilowlnff d.v. .nd .rri. fn Phlu.l.l.
phie or New Xork before dark.
ij-flleeplng can on all night train.
Tho Only Honte from Columbus to
Baltimore, Piiiladelpltaa or
WITH ONLY ONE CHANGE OF CARS.
This jAln alia connects at Bellalre with tha R.nimnn.
irpThil route I 30 MILES SHORTER In Pltbihunrh
and more than 100 MILES 8UORTEB to New Xork,
UWi AlVIUAOra I1UCBJ.
ST Baeprace Checked Throueh to all im
portant points East.
BT Aek' for Ticksts via Bcllairo or 8tea
UT Tickets Good over either Route.
JOUS w. BROWN,
. General Ticket Agent Central Ohio R. R.
IRA A. HUTCHINSON,
General Tioket AwntSteubenvllle bhortLlne.
Columbua, Deo. 84, 1801.
Little Miami Columbus & Xenia
ior CLnoinnB,ti, Dayton 4 Indianapolisl
Through to ludianaDolia withoat Change of Cars,
and bnt One Change of Can between
Colnmbns and St. Louis.
1 MM. !
On and After Monday, November
Four Trains Daily from Columbus,
NIGHT EXPRE83, via Dayton, at 8 a. m.. itoDninz
at London, Xenla, Dayton, Mlddletown and Hamilton,
arriving at Cinoinnati at 7:40 a. m.: andatDavton at
5:05 a. m. oonueetisg at Cincinnati for Louisville, Vln
oennee, St. Louis, and all point Southwest; arriving
at St. Louis at 11:30 p. m. connecting at Dayton for
inoianapoiie, narayeite, -lerr Haute, unicago, and an
pomi eii arriving at inaianapou at iu:iu a. m.
ACCOMMODATION at 5.-S0 a. m.. stonosbrat all sta
tions between Colombo., Cincinnati and Dsyton, ar
riving at Cincinnati at 1033 a. m., and at Dayton at
8:38 a. m. j connectltg at Cincinnati with Mall Line
Steamboata for Louisville, and at Dayton for Indianap
olis and the West. .
EXPRESS at 1:55 p. m.. stocDlni at Jeffenun. Lom-
don, Charleston, Xenla, Oorwln, Morrow, Bo. Lebanon,
aost.r a, toveiAnu ana vurord, arriving at Otneinnati
at 6:45 p. m., at Dayton at S p. m.; eonneoting at Gin
with the Ohio and aliealsalppl Train for Louisville, Tin.
cennes,, St. Louis, etc, etc, arriving at St. Louis at
10:45 a. m. connecting at Dayton for Indianapolis, La
fayette, Terra haute, Chicago and all point West..
MAIL at 4 p. m , stopping at all stations between
Columbus and Cincinnati; arriving at Cincinnati at 9.45
It 1" For further Information and Throuzh Tioket,
apply to M. L. D0HERTY, Ticket Agent, Union Depot,
P. W. STRADER.
Ocneral Ticket Agent, Cincinnati.
JN0. W. DOHERTT,
' E. W. WOODWARD,
Columbus, Kov. 1C, 1861.
WttUAM He 8E3TIEAUX,
Foreign and Domestic Liquors,
Fruits, etc.! etc.,
HAS REMOVED BIS STORE FROM
NO. 34, NORTH HIGH STREET,
No. -106, South High Street,
The eld stand recently occupied by.WM. McDONALDI
Be is In dally receipt of
AND FRESH GOODS
Which be will sell
Cfcoap tor rash or Country Produce
JO3 Good delivered to City trade free of ohrg.0
tyie ' :
TliXiAxia -ta--. 0-111
' . COLTJMBTS OHIO)
' And SgocI Store,
t , NAILS, OLA38, SASH, PUTTT, POBDAOB,
Gani, Plsaols, Wood JcWIUow trare
ather and Qibbet Belting, Iao Leather, Eos aw
Dally, per year'.
Trl- weekly, per ? ear. ... ,
Weekly, per year .......
.. 3 ou
.. I ou
The Proposed Paper Currency.
EXCHANGE PLACE, NEW YORK,
December, 17, 1861.
To th Editor o( th National Intelllgenoer:
It would be difficult for the historian to far.
also an Illustration of a nation reduced to a more
complete stats or prostration, so far as its Im
mediate means of self-Dreeer ration were aon.
cawed, than was the United States of America
at the time the preeent Administration assumed
tns reins of Uorernment. States bad sesedad ;
forts and arsenals bslonging to the OoTsrcment
bad been seized; tried audit was supposed trust
worthy servants had turned traitor.; men bold
log high positions in the Executive Departments
had proved faithless; the army Was feeble; tbs
navv demoralised! and the oountrv's credit so
far shaken that capitalists wcra hesltatinc
whether or not to oofflDlote a half-nerfmted loan
of a million dollars, fur which tbo Government
had previously contracted. . . .
A space of ten months has elapsed, and; in
the midst of a most formidable revolution, with
a decreased revenuo and depreciated lauds, eo
army of upwards of tlx hundred thousand men
has' been levied and maintained; a naval fleet
and armament, bidding fair to equal these of tbo
most powerful nation upon the face of the globe,
oover the waves; and a loan of nearly two bund
red million dollars, without tbe necessity cl
having recoutse to foreign capitnlists, bus been
effected. The Administration under whess
auspiots buoo astounding results have been ao
oomplished is surely to be rewarded with the
gratitude of tbe American people, and its views
as to tbe future policy of tbe Government are
entitled to all tbe confidence which its pest suc
cesses have so eminently deserved.
In order to maintain the army and navy wbicb
have been raised, necccsiry as Ihey aro to re
store tbe Union and enlorco tbe Constitution
and laws of tbe land, tbe expenditure of large
sums of money, far exceeding tho ordinary ri-
ceipia 01 too nation, is required, me secre
tary 01 ine ireasury estimates that these ex
penditures during tbe preeent year will exceed
tbe receipts from all possible sources, undrr ex
isting laws, by a sum amounting to more than
two hundred millions of dollars; and if the war
sboald last another year, bo estimates tbe ex
cess of tbe expenditure over tho receipts during
that year at nearly three hundred and eighty
million dollars. These enormous sums mutt be
provided in some way; and unless tbey can be
procured as a loan Dy the liovernmcnt tncy will
have to be raised by a direct tax npon tbo peo
ple, a mrssure fraught with great hardship, in
asmuch as it would diminish largely tbe accu
mulations of Industry without any promise of
restoration or compensation.
It would seem Idle, in tbe present state of
affairs, to found any reasonable expectations
upon procuring tbe aid of foreign capital. Tbo
theory entertained by leading men abroad is,
that ocrt is a Government which must sooner
or later fall: that there is In it an Inherent weak
nesa which must cause it to fall to pieces of
Itself, and they regard the present rebellion as
tbe natural cocBcqueoce of that defot, and as
tbo premonitory symptom of dissolution. En
tertaining such views of tbo nature of our Gov.
ernment, it is not at all likely that they will
consent to risk their capital upon its stability
until that Government shall, by tbe exhibition
of some undeniable exercise of strength, provo
to them conclusively that their views are e:rj
neous. These enormous sums of money have
then to be raised from our own people either by
loan or taxation. The latter method is not to
be thought of. It would not only amount to a
confiscation of a large portion of the property
of the people, but it would withdraw from the
ordinary channels of trade nearly all the specie
circulation of the country. Tbey must then be
borrowed, and tho Covornmotit has no option as
to who shall be its creditor. That creditor
must be tbs neonle of the Nortbera States.
But bow are tbe people of tbe Northern States
to beinduoed to loan tbe Government such
large amounts? They already are creditors cf
the Government tu the amount of nearly two
hundred and nrty million dollars. JN early all
the capital which would seek a permanent in
vestment in Government securities has already
been absorbed by previous loans, and tbe people
at large cant ot take tber money frjm tbe ordi
nary pursuits of business, yielding tbem large
nrofits in proportion to their investments, and
live like retired capitalists npon the interest
tbey may draw from the Government. Tbe
banks conld not supply so immense a demand,
because they could not find ready customers for
the bonds, now that permanent holders have
been supplied, and the bonds themselves, not
being really needed for purposes of investment,
would only be purchased by speculators at
prices far below their real value; they would bo
rated in the list of fancy Uoctu. it would then
seem to be Impossible to raise so large un
amonnt from an apparently exhausted creditor
but tbe secretary ot tbe Treasury, with that
gigantio mind which has stamped him as the
man of the age in financial matter?, bai already
grasped the difficulty with a master's band, and
bat suggested a plan wnicn win, 1: it meets
tbe approval of Congress, not only relieve tbe
Government to a great extent, but confer A last
ing benefit npon the people, and be attended
wan Itwer instanocs 01 individual Hardship
than Is usually tbe case with laws ctfectiuz
general changes of any kind in a community.
Tbe merit ot tnis pian is in tne loot that it does
not drug the market with United States securi
ties, but creates a demand for them sufficient to
meet tbo necessities of the Government, until
a more favorable aspect of afiVirj may render
it less dependent npon its own immediate sup
Dorters tor assistance, in order to tullv coin
nrehendtthe advantages of the system proposed,
it will be necessary to refer briefly to a portion
of tbe past history of the nation, that we may
examine it Dy tne ugnts wnicn experience lias
furnished to us.
During the major part of tbe existence ot the
Republio the funds of the Government were de
posited with an institution known as the United
States Bank. This was a corporation having a
limited number of shares, deriving its powers
ft oca a charter granted by the General Govern
ment, and having branch for the transaction
ot business in all the principal cities in tbe
Union. Its functions were the ordinary ones of
banks. Issuing Dins, receiving funds on deposit,
discounting notes, and effecting a business not
only in domestic bnt loreign exchange In its
charter tbe uovernment stipulated tbat during
tbe existence of the Bank no similar institution
should be organized; It was I'.self a stockholder
in tha Hank, and bad tne power or appointing
certain or tne uireotors 01 tne sank, this lu
stitutlon was Organised ana maintained npon
the trlnolple. then admitted, that it was not
only the power but tbe duty of tbe Government
to furnish to tbe people a rename and nnilortn
nsser currency : tbat such a currency was neces
sary in every business community, and, being
necessary. It was aa much the duty, of Govern
ment to give its citizens one that would be of
equal value in an carts ot tne union as it was
to ci ve them a fixed metallio currency. N um cr
oss objections were, however, made against this
Bank, it was compiainea mat who me aid ot
the Government funds it was enabled to over
bid private dealers in the purchase of foreign
exchange; that its vast monetary influence was
capable or being usea, ana in fact was used, to
corropt national iiegteiaiures ana sud ect tne
Government to tbe dictation of a mere moneyed
aristocracy) that it gave unfair advantages (0
the foreign over the doriestlo stockholder; and
that it aavored of favoritism in the Government
to eive to the private stockholders of a slngl
oorDoratlon the Immense advautages to be de
rived Irom the tree use 01 tne uovercmenc
funds. So popular, however, was this institu
tion, that it required an Executive veto to pre
vent lta betns? continued by Congressional legis
lation, and so undoubted were the benefits
conferred that Its Iocs was bewailed by large
umbers of the people as a great national ca
lamltv. 1 ' .. ' .
Tnsoooreiary 01 w aweary now propaees
a plan which w.ll give to the people all the ben
efit whloh was claimed tor a National Bank
aud at tbe same time is riot liable to th. ,,hi.'
tlors raised against one. He does not propese
10 institute a corporation, fostered and aided
by the Government, to compete ruinously with
private dealers and Instuutiocs, nor does he
propose to riisk the property of tbe cation npon
tbo solvency of any particular banking- a.mnl.
atlon; but be proposes that tbe different banks
ana Dangers now existing sball be permitted to
oirculate only such bills as shall have been pre
viously secured by a deposit made with the
Government, standing as trustee between the
dick ana me people, of tbe highest seourities
known to tbe Government, equal in valne to
tbo amount of tbe notes issued. This fact,
made apparent npon the face of the bills, clvea
to tbe people the highest aesurance ot tbelr
raiue, ana enables tbem to circulate freely
wherever tbe Government extends. H nlna
proposes that they shall be redeemable in spe
cie at the respective Banks neon nreat-ntntlnn.
and that tboy sball be accepted by tbe Govern-
mem ia payment or an demands except for du
ties upon Imports,
It Id tbriuus to all that a bill thus capable of
uciiig tuviTitu instantly low specie, and at
tho same time secured sgairst loss from
tbe failure of the mrli Issuing: it. must he m
tho highest valuo to the community at large,
protcciina- them from ruinous exchanges and
disoountw, If the security is only sufficient. I
nave s&ia mat this security Is tho highest
known to the Government: it is the pledge of
ohu uanae; 11 is. its own contract to pay tbe
Tbe Secretary of the Trcasurv. Tn Tila verv
able report, picturing tho immense resources of
me nation, and the ease with wbicb, at a much
earlier period of its hlstory.it freed itself from
an Indebtedness proportlonably ss large as tbe
one cow required, has shown us conclusively
that tho capability of this Government to pay
tn 01 a vastly greater amount than tbose
blch it at present proposes to con (net. cannot
bo doubted. With a revenue amounting, even
n these times, to nearly a hundred million dol
n r 3 per vo. r; with a largo and constantly in
creasing industrial population, and with millions
of acres of land growing daily In value and in
demand, the Ability of this nation to pay its in
debtedness is beyond dispute- Tho only possible
apprcncofiion that could ex st, then, ct the non
payment if these bonds would be cither tbat ol
repudiation on tbe rart of tbo Government, or
a change in tho fcrja of the Government. But
tbe answer to that apprehension will, nnder the
63 rem proposed by tbo Secretary ot tbe Treas
ury, be found In every man's pocket. The peo
ple, wno are tne loundation ot every Govern
ment, would never consent to an act of bad
faith, or a chance In the form of administra
tion, by which tho currency in their own purses
would be rendered worthless. By accenting
such a currency, tho pcoplo at large would bo
come, in fact as well as in came, tbe creditors
of ibo Government; and, if everything else
ailed or changed, their debt would have to be
td. In this viow Of the case, the scheme
roposcd would not only benefit the people by
giving tticm a unilorm paper currenoy, but
would actually give tbe Government an addi
tional clement of strength, by uniting them
more closely to a form of administration upon
whose et ability the valuo of their own property
Not content, however, with affording to tbe
people security agaiart eventual loss from the
piper currcucy thus recommended to them by
the Government, let every possible safeguaid
be thrown sriund it which human 'ingenuity
caii dev se. To strengthen the bonds npon
which they aro issued, let a sinking fund be
provided by the imposition of a moderate direct
tax upon tbe people, sufficient to insure tbe
prompt payment ot tbe interest npon tbem; and,
in a given number of years, to absorb tbo prin
cipal. This alone would tend to prevent de
predation in their market value to a very great
decree. The only thing which gives credit to
tbs national debt of England ia tbe fund pro
vided by its Government for the payment of tbe
interest thereon. Tbe debt ttsell la known to
bo worthlers so far as the realization of the
principalis concerned; it is so large) that It
never can be cleared off; but yet the knowledge
that it yields ao Interest fixed, permanent, and
sure, imparts to it a'roal value in the eyes of
tbe peopio. Tbey purchase it as an heritable
annuity, capable of being enjoyed by them dur
Ing hie, and after death transmitted to their
heirs. So let tbe debt of tbo United States be
provided for by a fund set apart for tbat partio
ulsr purpose, rendering its creditors sure of
tbeir interest, and allow tbem to see its surplus
accumulating from year to year, and there can
possibly be no decline In tbe value ot tbe secu
rities. This sicking fund could not only be
ihus mado to enhance tbe immediate value of
tho bonds and provide for their gradual pay
merit, but it c mid be UBed to keep the paper
currency always steady. Tbe value of a paper
currency always depends almost wholly upon
its being capable of speedy transmutation into
If any one Bank, then, should fail under this
system, tho Government, out of this sicking
fund, could immediately pay to the holders 01
its bills their full value, and reimburse the fund
leisure! from tbe sale of its hypothecated
stock. Tbo bolder, then, of a bill need cot
wait till the tedious operation of windingnp the
affairs ot tbe JUank is performed, tie can draw
bis money immediately from tbe Government,
and tbe Government can protect' Itself against
loss in any form by compelling tbo Banks to
maintain such a margin of securities in its
bands as will enable it to realize tbe full value
of tbe cotes issued by a sle in the maiket at
any time. The mantgement ot tbe surplus of
this sinking fund, after tbe payment of interest,
should be leH, in a large degree, to tbo discre
tion of the Secretary of the Treasury. Solid
advantages can often be derived from its pru
dent use In sustaining tbe market value of Gov
ernmcot securities. Mr. rut and Lord uastie-
rcagh made use of the English sinking fund in
tbat way, at times, to tne great oenent 01 tae
country. Thcee bill?, thus vecured and render
ed easily convertible, should then be made
legal tender in payment ot debts in tbe places
where tbey are respectively issued.
HavioR thus shown that tbe proposed sencme
would cot only aid the Government, but would
be a benefit to tbe community at large, it re
mains how to consider the effect which it would
have upon the particular institutions npon which
it Is designed to operate. It would be difficult
to imauiue any general law upon sucn a subject
which would not do attended with cases of indi
vidual hardship; but there are some points in
which the Secretary's plan would be ul such
plain and palpable benefit to the banking insti
tutions as a class, mat it is naraiy necessary to
advert to them
Ia the first place, it would tend greatly to
protect tbe Banks from the effeat of that sudden
dread as to their solvency which sometimes
seizes the popular mind, and which terminates
in what is called a "run npon the Back." The
holder of their bills, feeling himself secure as
to their payment, in any event, will cot be in
that baste to have tbem converted into specie,
which has caused so many suspensions, and
has driven so many institutions into premature
Ia the next place, Bants wbtcn aj Dusinccs
upon a legitimate bails, issuing no more bills
than the state of their assets will wairant, will
bo benefited rather than injured by tbe chance
for. while tbev have a correct substitute, of
equal utility, in tbtir ordinary bnsiuess, with
gold and silver, they at tho same time draw
fixed lutercst irom muir njpoiaccaiea uodub
thus reaping all the advantages of a per
mauent investment of their capital, while tbey
aro using tbo same capital in their daily ex
Tbe institutions which will suffer the most are
Ihoso which do business upon credit, tbat is to
sav. those who issue bills in excess ot thei
assets, thus deriving a profit upon falso repre
sentations of cipital that does not exist. Tbcue
Banks will by the operation of tho Sccrctiry's
plan, bo obliged to reduce their buiue?s and cir
culation to a legitimate standard. It i hardly
questionable that their private loss will, in this
cstanoeat publlo gair.
The Banks in tbe State of New York may
snffer nliehtb from a depredation in the prices
their hypothecated State stocks: bnt it is to b
h0.p'AththU ""'' tbiUl'fcomsen-
5 k thum b7 lnMd general security
of the banking Institutions of the whole coun
try, and the additional deposits whloh they
will, In oousequence.Jh) enabled to receive.
mult .b 'nnbered that the Government
mutt have the.e sums of money. Soma rJan
-b. devised by which thTycYn beTocuVed!
?, , I a nr" be -M-Hed. Confiscation
. .7,1.,: ' e'Iuref Ba. rced loans
are . extorted, oomnratinr. ... ii 1.
vent, and commeroial credit 1 destroyed, , The
nnW . cn'"on of tbe Southern
Banks warn ns to take heed In lima. a ..w
Ing calamity. The plan luggested by the Sec
retary of tbe Treasury 1 In H.a b,L It
writer, tbe most sure and leait inlnrlon. one
that can be devised to meet tbe necessities of
tbe rrescnt crisis,, Let it not be attacked until
a scheme as efficacious and attended with a lit
tle injury has been nronnioit r hi ,a. 1.
doelrous to show that his plan is serene? bo also
prepared to show what piaa is rt!; but, until
then, let us do our ntmoat t annnnrt ih. ri.
ernment in its efforts to bring about a different
state of affairs, and, in so doing, add to our own
JUST RECEIVED BY
WM A. GILL,
Wo- 30 Worth High Street,
i)o m tho Largest ana Boat Selected Atae-it
IVKIl OFFERED IN THIS CITV
House Builders' Furo!skiar
Of fCVIRT 8T7LI AMD QU l ll
rcncli dc America
irl r-ut op lo half ponndoana for fa-nily use, ir.d Iiry
Palnte In toll.
. ush33 ot every variety & quality.
A Splendid Assortment ol
AXES GRINDSTONES . .
GUNS, PISTOLS, SHOT, &v
ROPE CORD AG t.
LEATHER AND INDIA, RLUBEH
WtiDGEd, MAULS, PUMPS.
AG RICULTU R A L IMP! M SiYi's ,
SCALES, BELLS, CHAINS
fable and Pocket Cutlery,
1 especially invite the atteutlon of -U Interested to ay
ftac of Pocket and Table Outlay, aud
SILYEU Fi.tlCIt AOitRi,
Table, Desert, aud Tea Spoons,
Butter Knives, teo. '
M KOaKERo at BRO'S. Manufacture, warranted ' Ui
fitre heavy, Blectro-Plated.on gtnulue AlUtta. .
Country Merchant, Mechanic, and ethers, are invited
0 call and examine my Stock, iilus prepared to icli
Wholesale and Betall. Wfll. A. IL1.
Colombo, Ohio, May 8, I860.
THAT HAS ...
STOOD THE TEST OF YEAR3,
And (rcira more aud mere papnlax
every day I
And testimonials, new, and almost without nnober
might be given from ladle and gentlemen in all grad?,
of society, whose united testimony none omul resist,
that Prof, Wood's Hair Restomtivtwill restore the bald
and gray, and preaerva the hair of the youth to old age,
lnall itayouuiiai neaaiy.
Cattle Creek, Mich.,. Jeo 81st, l&H.
Paor. Wood: Thee wilt please accept a line to Inform
thee that the balr on my head all fell oS oer tweoty
year ago, caused by a complicated chronic dleeaae, at
tended with an eruption on th head. A continual
coarse of suffering through life having reduced ma to a
state of dependence, 1 nave not wen eoie 10 .main atuu
far r-vre. neither have 1 been able lo do then, op, iu con-
sequence of which my bead has suffered extremeiy from
cold. Thl Induced me topay Brings St Hodge lmi;
the laat cent 1 had on earui ror a two aouai unut 01 my
Hair Beatorative, about the first of August last, i havn
faithfully followed the dtrectlonaid th bald spot ia now
covered with hair thick and black, though short, it At
alaoooming in all over my head. Feeling confident
that another Urge bottle would mature rt entirely
and permanently, 1 feel anxious lo pemvorv ia It use.
and being destitute ot mean to parcbaae any more, I
would ask the if thee wouidst not be willing to send me
an order on thine agents for a bottle, and receive to thy
self the acriptur dec larauon -in rawara m w wose
that are kind to the widow andthefaUwrl."
Thy friend, BUBAAaa.il jwhui.
Llgonler, Noble County, Indiana, Feb. Sth, 18&II,
Paov. O. J. Wood: Dtar Oirflm the UUetpartof
the year 1839. while attending the iuvtc and National
Law School of th State ot New York, my hair, from a
cause unknown to me, commenced falling oil very rap
Idly, eo that In the ahort apace ot six months, th wtioie
upper part or my acaip waa aimoai vniireiv Dersii ui iu
covering, and much of the remaining portion upn the
lde and bac. part of my bead shortly alter been tut- gray,
o that yoa will not be anrprlsed when I tell you that up
on Biy return to th Suite of Indiana, my- kiore casual
acquaintances were not ao mach at a Ion lo Uisountr the
cause ot the change lo my appearance, a my more inti
mate acquaintances were to moog-niae me uii.
at Once auuS appilCSUOS ID m musi nuimi pnj-n-
elan In th country, but, receiving no assurance 1mm
them that my hair would agrn lie ruiwreo, i we lorccu
to become reconciled to my fete, until, uluu.iely. in .
the latter part of the year IS57, your Keslomtivo as re
oommeoded to me by a druggist, a beta the arvst relia
ble II air Restorative in use. I tried ou bottlo, and
found to my great atlsraetion that It was producing the
desired effect. Since that tlma, I have uied atven dol
lars' worth of your Hesioratire, ana ai a result, nave a
rich coat of very soft Mack hair, which ao money can
buy. ' : .
A a mark of my gratitude tor your labor and skill in
the production of so wonderful ao article, I have recom
mended it use to many of my friends and acauutotancea,
who, lam happy to inform yoo, are aaiug it wlihlike
effect. Very respectfully, your, - " a ' -
A H L4.I1A.
Attorney and Oounaellcr at Law.
Depot, 4-14 Broadway, and sold by all denier through -ontlhe
world. . . ,,-. ,.,
The Restorative It pot up In bolt lea -ol tnree.ln, via:
largo, medium, aad small; the small holla H a pint, and
retails lor en dollar per bottle; the nn-dium holds at
least twenty per cent, more in pioporttoti ibao th email,
and retails for two dollar a bottlo; the large holds a
quart, 40 er cent, more In propertioai and relaili for 83
abottle. ' " . .
O. i. WOOD CO., Proprietor, 444 fWdray, New
V-k,andll4 Martet Street, Bt. Loulu, Mi. -
And told by ROBERTS as 8AMTJKL, Columbua, Ohio,
and by all good Druggists and kancy tiawl Utnlera
I)KIKTED OTTOMAN KKFS, '
Plain Ottoman Otoths; . , - . ,
. . - Magenta and Black Check Valencia;
Brocli Koabaii Dra Ooodol ' . j j. , u ,
' Balmoral Skirts;
Alexanders' Kid Glove; Jiav "
' .: . ttoreinui Hoop mru. r
..... Corset. Balr Net, ' "
, -, Plaid Merino.
1 ."--... eUDT fe WM,
i oetfO ii ;. .,., Ko. 88 Booth yigh Street.