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THE DAILY EVENING TELEGRAM! riHLADELPHIA, THURSDAY, DECEMBER 5, 18(57.
felting IMcpiili PUBLISHED EVERY AFTERNOON, (SUNDAYS XXCKPTKD) AX TUB EVENING TKLKUHAP1I CILDIN4, HO. 10S MODI II TIIIHD NTKEETi Price, Three Cents per Copy (Double Bneet), or Igh een Cents p r Wwk, payable to the Carrier, an tailed to Bubscrlbera out oi the city et Nine Dollars t Annum; One Djtlar andi P.fty Cnte for Two Dttbs, Invariably In advance lor the perloJ ordered- THURSDAY, DECEMBER 5, 1867. Inanciul IMllerences "Under Which King, Uezouian t" Tab laudable desire of an American citizen to asoertaiu for himself what would be for the good of his country, would naturally lead him to attempt an investigation of the finances of liis native land, and seek to ascertain, from Borne of those writers who have given the subject their attention, what is the correct polloy for our Seoretary of the Treasury. If lie Bets about this national task, he will soon find how vain is all trust in human intellect. There .appear not to be any two thinkers of the present day who conour In any plan which true polioy for our nation. would be the We remark this with surprise. Before now differences in other matters. we have round Questions of publio concern generally have two sides to them, and each writer follows one banner. But in the present case there is an army, eaoh man of which carries his own standard and fights Under his own flag. They differ not in detail, but at the very foundation. We notice the two leading New York papers of yesterday? the Tribune and the Herald, took occasion, on he publication of the Report of the Secretary the Treasury, to comment on the contents I that document and to express their views the subject of finauoe in general. Reading the two articles side by side calls lo mind the journey of Dou Qiixote and Janoho Fanza. Let the national banks be the Windmill, and the parallel is perfect. "For lone," oriodthe Don, "directs our affairs. Look yonder, Sancho, there are at least thirty out rageous giants whom I intend to enoounter, and having deprived them of life, we will begin to enrioh ourselves with their spoils; for they are lawful prizes, and the extirpation Of that cursed brood will be an acceptable servioe to heaven." "What giants V quoth Sanoho. Tray look better, sir; those things are not giants, bat windmills, and the arms are their sails, which, being whirled about, make the mill go." The difference of opinion between our contemporaries is as great as that of the knight and his squire; and what with the Don Of the Herald and the wild ideas of the Sancho of the Iribune, and his attempts to con' vince his neighbor, we do not wonder that people buy land, and begin to tremble at the mention of national finances. Let us instance . a point of difference. The Ti ibune, in speak ing of the circulation, favors a total with drawal of all legal-tender,- and the substitu tion in its place of national bank notes. It says: "LegaUienders are a 'forced loan'1 a tort of legal robbery, adapted only to a slate of war. Tiiey de not conalitute a paper-money currency, per manently secured, aod adapted to a slate of peace. The National Bunk note do. There Is nothing of tbn character of robbery or force about them. Tbey are not depreciated Govern, merit lk-B. 1 hey represent no brolceu promises, 2 hey are well-secured promises to pay 'dol lars.' "Ay paper currency, to deserve the name, must be 1. Becured; 2. Redeemable. Green backs are neither, 'ibey area, siautllnoj adver tisement that the United Mtaleg ar Insolvent. Ihe national hanking system will furnish us a currency both secured aud redeemable In gold, to soon as the tJovemment. aud the couotry shall return to specie paymtnls. Ills Impossi ble to do It before. "We ruoBt bave some banking system adapted to a condition of peace. The leijal-tenders arena banking system whatever, but a forced loan. They bave no seLf-rrgulaiiug, expat Hive and contrac tive power, adapted to the business wants of the community," The question here is fairly met anl decided in favor of the bank notes. In fact, the article and language are so strong that we almost begin to pity the poor creature who could favor "greenbacks," and think that, after all, but few people are so deluded, and that that question is satisfactorily settled. But in look ing at the Herald, where are our conclusions J That paper ftaiutains direotly the reverse, With quite equal energy. It says: "The Secretary speaks, of ihe banke being connected with the creditor the Government.' He has not the hardihood to sy tuey are iieoes tsary to II credit. Yen, they are connected with the credit 01 the Governments-thai is, the Gov ernment lends theru 1U credit to bank upon, and makes iu addition a gratuity to them oi a national clroulatin-r medium. It is a ono-slded aflalr, aud the banks Ret alt the benefit. They are a no earthly use to the credit of the Govern tnent and ntver can be. It is a monstrous monopoly, drawing upon the credit lent to them, and the circulation giveu to then), fifteen or Blxteen per cent, from the industrial earnings of the people. Mr. Mot'ulloch aud the Comp troller of the Currency endeavor to make It appear that the banks do uol receive this enor kious benefit, and that there would be no sav ing by the saustltutlou of a leal-ieuder cur rency for national bank circulation, aod they particularly refer to the. taxes the banks pay by Uie way of sustaining their argument. This is limply ridiculous, and an lusult to the common lense of the nation. JFe want no contraction, imionly a uniform currenci by substituting legal lenders for the natUinal bank circulation. We fcball s,row up to specie payments. If that be dehlrable, williin a few years through the natu ral growth, of population, business, aud the . country." Here, then, in language quite as emphatlo, and with argument almost as Bpeoiou3, the Opposite i held foni. The patient is lying senseless. Says docto. 0f tUe K00t "it Is apoplexy; bleed him t,,iyf and draw. thft Mood from the head." Ba, aootor of the Hew sohool, "It is exhaustion; yoa valae Jiis life, not a drop of blood must drawn Stimulants are all that can save hlm.v Anil we UDprofeBsionals stand nndeolded, and woid It cause great surprise if, meanwhile, the patient died 1 Yet, to the unflnancial eye, the diaoussion between our financiers looks not unlike our sick-bed parallel. The two great divisions which present irre concilable differences may be called the con tractionist and expansionists. The first desire to withdraw the legal tenders from circulation and substitute In their place a ppecie currency. This view of the question has been substan tially declared in . favor of by the actions of Cimgresa and the repeated support of the Seo retary of the Treasury. By law that officer was authorized to withdraw four millions per month, if be deemed it expedient. There seemi to b9 little doubt that, unless a financial revulsion takes place, such a polioy will be the one at- I tempted. If this idea is not carried to an ex cess, it will not necessitate the withdrawal o1 the National Bank notes, for as these notes are not fictitious in value, but represent so much capital in national bonds, and as, by the resumption of specie payments, so far as the legal-tenders are concerned, the bonds become worth their face value in gold, therefore the notes will really be the representative of gold, and will circulate on a par with coin. Such seems to be the course marked out by Mr. McCulloch. It is bitterly attacked, however, by the expansionists, who declare that with contraction and an attempt at resumption will come stagnation of business, prostra tion of trade, in fact, financial ruin; that all the past teaches ns that in seasons of depres sion, expansion is the only cure; that Great Biitain has again and again ridden free of the storm by an increase of her circulation, aud that tor ns to contraot when we are already weak is a suicidal polioy. They favor expansion, and numerous are the plans proposed. The Herald and its advocates wish to Bee all the national bank notes returned, and in their place let ns issue a yet larger sup ply of "greenbacks." In other words, there are now about $700,000,000 of note3 and green backs; call them all in, and issue new "green, backs" to the amount of say $1,000,000,000. This will carry the oountry through the present depression, will cut off the profits of the na tional banks, and reduce these institutions, which are named by these opinionists as little better than the giants which Don Quixote charged upon, to mere oompanies for disoount and deposit. To this the oontraotionists reply that none of the remedies proposed would be a remedy; it would be but postponing the evil day, and make it ten times worse when it comes; that expansion cannot continue forever, and that we had better suffer and resume now, when we have but $700,000,000, rather than increase the trouble in the future by making the circulation half as large again; that it is but a temporary makeshift, and neither war ranted by prudenoe nor policy. Such is the difficulty in which our people are placed. How shall we decide between the two ? Each is but a theory. Eaoh seems plausible and well founded until we hear the other. Bat the opposition utterly annihilates all the simplest principles of its opponent. With one or the other we would be satisfied, but wjth both our nation can only say, "How happy I would be with either, were t'other dear charmer away." Not wishing to be . partisans of either theory, we state each, and let our readers choose for themselves, if they feel inclined to form a decided opinion. . The End Approaching. It is not neoessary that the mighty enter prise which is slowly completing the Pacifio Railroad Bhould finish its task before we reap the advantages. ' Already is the effdet per ceptible in the increased facility and rapidity of connection between us and the Pacifio coast. Up to the present date it has always been much quicker to send the mails by steam ship than it was across the Plains. So much, however, of the road is now completed as to take less time to forward the mails by the railroad, so far as it is completed from the West, than to send them by express across the intervening distance until they meet the line pushing from the East, whence they come direct to Philadelphia by mail. Aocording to the old method, it required twenty-three days to come by sea; now the mails whioh arrive te-day come direct in fifteen days. This is unprecedented, and when we remember the importance of speed in business letters, it is of incalculable advantage. The New York Herald, in speaking of this fact, Says: "The fact that It la now possible la due to the nnmuv wMnn ban been manifested by the liniou Pacifio Kailroad Company in the cou- struct iou cf the great national Une whlofc that corporation nas bad In hand. The total time- from Japan to New Yorn is now reuueeu to aboot forty days, while the Liverpool mer chants may receive their advloes by this route in nine or teu uays more. The industrial armies who are digging and blasting a way for the lo comotive, ti.iough the Itocky Mountains aud the frtlerra Nevada are worklug as directly in the interests of Mew York unu European capi talists aud merchants as of those personally connected with the railroad companies. In five years hence the wonder will be, not that any parties were audacious enough to. project and build a Pacifio Hallroad, but that the busi ness men of t his city and of the country were so long content to do without it." The Bigns of the times cannot be mistaken. It is not merely by the report of the Company that the approach of the end is seen, but facts epeak too plainly to deoeive. The great project of the century is nearing its comple tion, and the vast current of trade will ere long begin to flow in the channels whioh the myriads of laborers and the millions of capital are now preparing for its reoeption. And with that opening will come a commercial revolu tion. EDITORIAL CORRESPONDENCE. The Great allsslaslppi River system of tbla Corantry-Tbe Three Grand Divi sions Tba Valley of ttoe Ohio, of the Mississippi, and of' the Bluouil-The Development of Bach The Railway BysUm of the Country Bta'i ffilnmph Over Nature, Ktc. Etc. St. Louis, Mo., Deo. 2, 1807. The distinguishing feature of the United Slates east of the Rocky Mountains is the won derfu 1 river system of the Mississippi river and Its tributaries. To get a Just and comprehen. alveldeaof this, one must study the map. It will be noticed that Ibis system divides itself ""Rurally Into three great parta an eastern, ce'W), and western; the valley of the Ohio rlv r ov,BtllnUng ue eastern, the valley of the Mltfc,ls,Pioroper constituting the central, and the valley oi lna Missouri constituting the wet tern. Thee,enlt)f tUl8 rlver system, the amount of navlgam H Bfford8, th0 produo. tlvet.ess of the count., u drBlnBi.nd ln8 ra. pldl.yof development u populftllonf wealth, a,d power whioh H has w,ue8geiJ au'd u now .witnessing, are tinparaiielej aywner8 la tUe worM. , . .M to mere extent it la stupeadom., tj oovera rrure than twenty degrees of latitude And 1 mtre than tbirty-flve degiees of longitude. Iti navigation extends from St. Paul In the north to New Orleans In the Hotttli, aud from Oil City in the KiiMt to Fort Bunion In the West. 1U headwaters In the East drain Western New York and Pennsylvania; In the North, Minne sota and Wisconsin; and In the West, Montana and IlritiBii Columbia. Tue trip from Pittsburg t Fort Benton In Montana by steamboat Is not only practicable, but has t een an actual fact of more than a si ogle occuirence In the course of commerce. Ihe productions of this vast region embrace nearly all vailelies of all climes, from the cotton, rlce,sui4u om e. and oranges of the lower Mississippi to i lie peii o.cum, ooal, aud Iron of Pennsylvania, the whe itund lumber of Mlnne eota and WIhoouMi), I tin bulfiloe of Kansas, the furs ot Brilisu Columbia, and the gold dust of Montana. The E.iHlem d.vlsli n of this great river sys tem, or the Ohio vulley, has been pretty wel developed. It nan given us the spleudldagrl c- 1 tu re or Bouiheru Ohio, Indiana, aud Illinois end of Kentucky, and the mineral and manu facturing Interest of whioh Pittsburg and Cin cinnati are thechiol coutres, which together can hardly have les than half a lullllou of popu lation within their limits or immediate de pendencies. The Central division, or the Mississippi val It y proper, lain progress of development, but aa yet Iim vast resources have been but slightly brought out. The agriculture of lis lower seo tlou, including the production of cotton, rice, and sugar-cane, is in a very rude and primi tive condition. It was much prostrated by the war, a i..d nas not j et recovered eveu lis former (talus. Its cBpubililles, however, are en nn nis; and whenever the political sondlilou of th e coun try shall have become pernraneitly sottled, so that capital can be snfely used In those sec tions, no porlidn of the country will advauoa more rapidly in population aud wealth than the Lower Mississippi valley. ' New Orleans will then regain her former Importance as a commercial point, and will advance with more rapid strides than ever before. '! he regions of the npptr Mississippi, Includ ing those portions of Illinois, Missouri, Iowa, Wisconsin, and Minnesota which are i m medi an ly tributary to tne rtv. r, are lu the prooass ot rapid arowlh and development. There aie liiinjeiibe mineral resources of lum ber, Iron, lead, uud coul in these regions, that are just beginning to be turned to account, and tbat point to the future establishment of a man uiacturlng Interest, at 81. Louis which will pro bably eclipse any ibiug of the kiud In the couo try. Ihe agricultural tesonrces of this part of thevilley ;ue exhautless. Iowa, Minn .-sola, and Wisconsin are among the greatest wheat growing Stales in tho Union. Western Illinois raises Immense quantities of corn, stock of all kinds, and is a country kindly adapted to the peach and grape. It also ubouuds In coal. The pineries of the Upper Mississippi are extensive aud valdable. The natural outlet fir all this country Is by way of the Mis slbsippl river, and if there were great city like Now York or Philadelphia at Us mouth, nothing could prevent the Oow of oo tu me roe In that direction. But the great commercial centres or the country, regulating our foreign trade, are situated on our AUantto seaboard, and bave determined the rail way sys tem of tue country into an almost exclusively east and west system, so that there is a oonslaat tendenoy to counteract the natural flow of the trade of the West, as determined a priori by her rivers, end to carry It to tho Kastern seaboard. The events of the past six yeirs have weli-nlgh established this, to some extent at least, artifi cial direction of commerce In the United States. Its first great impetus, however, was given by the geulus of thut far- seeing statesman, De Witt Clinton, when he projected and established the Erie Canal, connecting the great lakes with the tide-waters or the Atlantio. Had be lived a quarter century earlier or later, New York and New Orleans might perchance bave exchanged places,' Such is the luflueuce which a great mind often exerts upon the destinies of a coun try. There are now nearly a score of railway lines touching the Mississippi at various points from St. Louis up, and leading away to the East. These roads bring little or no commerce to the river, but, on the contrary, are so many artificial channels by which its trade is carried away to the Atlantic seaboard, Instead- of find. Ing i's natural course to the Gulf of Mexico. Many of these lines cross the Mississippi and extend their Iron arms around to the valley of tbe Missouri. ... There is nothing more interesting to the thoughtful observer than this mighty east and west flow of commerce In tbe United States It shows tbe power of man to compete with tbefoicesof nature on a great soale. Nothing seems more lu accordance with tbe laws of nature than that the trade of the Mississippi valley and its tiibutarlts should have concen trated at the mouth of that river. It Is as natu rains tbat water should run down hill. Yet the bulk of that mighty commerce is directed fiom Us natural channels, Is carried away over rivers and mountains, aud distributed to the world from a distant seaboard. I have hardly lefi niytelf room to speak of what I have denominated the Western, or Mis souri valley, dlvislou of this great river system; yet, for tbe sake of presenting a couueoted View of the subject, I will tax the reader's atten lion a little further. . The Missouri river Is really the great parent river, aud tbe Mississippi is Hub true tributary Above their junction at Alton the Missouri 1.4 tbe larger stream, has tne greater number of tributaries and more important ones, is the longest river by nearly a thousand miles, aud drains by far tbe wider ex tout of couuuy. Tbe Missouri rises in the Kocky Mountains, as far west as tbe longitude of Salt Lake, aud ab onl in the latitude of Northern New Yoik. Its firs course is for a long distance northward, until It almost reaches the British possessloas, and here, away at tula northernmost point, lu higher latitude than that of Quebec, it become a navigable stream, for steam uoats of a large capacity. It maiutalua an easterly course, without falling essentially from th'n high latitude, for about a thousand miles, re celvlug on Its way the Yellow Stone river, itself a navigable stream: It then commenoes to fall on" rupidly to the South until, at Kansas City, after flowing a thousand miles more, and re ceiving the Kansas aud Platte rivers, beside Innumerable smaller tributaries, It turns al mosi squarely to tbe east, traverses the entire State of Missouri, and unites with the Missis sippi a short distanoe above St. Louis. This grest valley Is as yet almost a ferra incognita. Through, tbe State of Missouri It is settled up along the stream, but the country baok Is still lo a great extent lu Us virgin condition. Tu eastern border of Kansas Is settled to some considerable extent; and there are some settle n.enis in Nebraska and Western Iowa. Above that, there is almost an unbroken wilderness clear to Fort Bonton, where the Montana trade la reached. The chief towns lu the M lssourl valley are Kansas City. Si. Jos. ph, Omaha, and Leaven vt orth. There Is more activity, more stir, more settlement, more development going on Just now Im tbe lower portion of the Miasouii valley, aay from Pt. Louis to Omaha, than in any other portion of the country. An Immense immigra tion is pouring Into Missouri and Kansas, espe cially along the lines of the railroads. A great deal or money, loo, Is In circulation from the great publio works which are In progress. The whole Kansas vslley Is fuof life from the construollou of the Kansas Pacifio Railroad, niieasirn:iar state or things provalls alow the valley of the Platte from the building of the Nebraska Pacifio III 11 road, more comm inly and strictly called the ' Uulon Pacifio." The development of the Montana gold regions U also giving a (treat Impetus to the trafflo of the upper Missouri. More than ninety boats, I am told, made the trip this sensou from St Louis to Fort Bento i, and Ihe number lu tbe trade for next season will probublyo still larger. Ibe resouro s or ibH gral valley are as yet almost wuolly undeveloped. The loer por tion of it comprises the very garden of the West lor agricultural productions. WhU cup cities the Upper Missouri v tiler will show In this rent eo: are still a matter of conjecture. Its rich tits In the precious minerals, however, Is fully estab Ished, and Is already stimulating a large nd profitable commerce. I bave tbu bilelly sketched the romark ible river system of the Mississippi and Us tribu taries. The world luruishes no parallel to It. IU development Is still in Its merest Infancy, yet It has built up great cities aud founded a mighty commerce. Persons are now living who will see It lnbnbl ed by a hundred mil lions of people and controlling the destinies it this country. The sceptre has already passed from the Atlantio slope, never to be regained. There is no longer any "West" thit side of tbe Kocky Mountains. Kansis Is the gergrapbloal centre of Ibe continent. This mighty valley, with Us teeming millions, is to be the future seat of the greatest and most wonderful empire tbat the world ha ever teit.1 T 1). T.ll SPECIAL NUTICes. rT THE MONTH OF ROSES IS TI1K MUST ' ftaKiatit month in the calendar, but H Id eo n over, and oom lies a-wluierli g. But remember, luuhp, with i'uaWiu'n ".NlKUt-Jiluomlug Cereas" oil your iil.eU), you c-tn have a rarer lertu ue than June flowers ever yielded all tue year rouuj. 2V-eiu uutcuf. it ftggp NEWSFAPER ADVERTISING. JOY COE & CO., Agents for tbe "TKi.KaBj.Pif' end NewRpaper Press of tno wbolecountry, have RE MOVED from FIFTH and UOKKNDT Hireecs to No 144 8. SIXTH Street, second door above WALNUT. OrriLH:-No. 144 8. SIXTH Street, Philadelphia TRIBUNE BUILDINOW. New York. 7S0j4p rZr GRAND UNION F A IR a-35' cm tub BAPTIST CHURCUKd OK P iIILADELPHI V, IN Alii Of T K MKVOltlAf, BAPTIST CHAPEL, now b iDgerecteo under 'im auspices orine UITIRTC J-XIfeNal NJOMIkfl-8IOJf.ln ooeoon MONDAY kVENJKO real, L. ceu.ber 9. al (J jiXuKtir H-iLb, Ed will contlDtie for one week. A nezcel.f Dt selectluu or KA SCY AND TT-EFUL A1U U I.KH will be oil n'e at reasonable urtces at tie tt-le of the dlllerent Churohe. AL1. CHANUKs. VOTING. n:HiOIM. KIO.. WILL BKr-R10.Li PBGHI HITKL) i UHINO 'I HE FA IK, and theim oh Jcctloi nble features being Olstllowtd. the nalronatce anrt Minrort of ihe denomination and nubile itenerant are - arm etty solid ed and exp-o.ed. 'j lcseis can De procurea at me iinust. ruoucavon Rooujs. Ne. ftf'l Arcb street and irora th -uueriHin- doniSHiid Teachers of the various Baptist Sunday ecni oin. iz o J'. In order to avoid any Interference with the Fair, the Hamler Oicliestra iave moRt ir-nroiilv cm- ginteito defer tbelr usual Monday aiiernoon Con cert, o i the th tnn t. UJS'IOtf LEAGUE HOUSE BROAD STUbEr. Philadklphia, Nov. 80, 1867, THE ANNUAL MEETING OF THE VMON LEA Ci 143 OF I'IIH.AIKL,P1II A Will be held at the League House, ON MONDAY 1VENINO, December 9, AT 7 O'CLOCK. At th's rreellng tl ere will be an election for Olllcers and Dlrtctois to serve lor the ensuing year. CtUOllUB II. IIOHER, 11 80 7t BECR ETAR Y. (Kp MOUNG SHAW LOO, OP MAULMAI.V, He Burmah, bavlriK completed a clai.siei.1. ih ) loiitcal and medical educatlou, is about to- return to bib unlive land. A Fa KKWKLL MEETING will be held ON THURSDAY EVEN ING, Uecemher 5. AT THE TABEKN4CLE BAPTIST CIIL'ROH, CHJiftNU 1' Htreel, west of Eighteeoih, Addresses may be expected lr.m Brethren Shaw Loot O. D. Bourdmap. and J. II. Castle. 12 4 3t DELAWARE AND KARITAN CANAL COMPANY. AMD CAMDEN AND AM HOY RAIT ROAD AKD TltAWbi'OJil ATiON COM PAIS Y, Pbtnokton, "N. J D 2, 1887. Tbe Directors of the uboveCompan.es bave ordered that ihe Transfer Books of Capital Hiock be closed on JANUARY IS and JULY 1& in each year, until the bJ- ION D DAY of tbe following month: and any divi dend declared will be vavable to the stockholders, standing as rnrh on tbe books of the Companies, on the FIFTfc ENTH DAY of the month iu which the dividend Is dec-lured. 11 H0 6t RICHA RD STOCKTON, Treasurer. . PENNSYLVANIA RAILROAD COM- PAN.Y. TKEA MKUH'S DEPARTMENT. Fbiladki pmia, Nov. 2, 1847. KOTICE TO STOCK HOLDfc.RB.Th Board or Di rectors have tli if day decared aseml-aunual dividend of .1 il REE PERCENT, on the cuplial stoca of the Company, clear ot National and folate taxes, payable on and alter November an. 17. Blank powers of at torney orcollectlng dividends ran bf bad at theolliue Of the Compai y, No. 238 S. '1 HILD Street. Persona holding Scrip CeitlU' ates can have them cashed ou preseutailon at thin Ollice. IM 6w THOMAS T. FIRTH. Treasurer. irt PLMOUT 1 RAILROAD COMPANY. Notice Is hereby given tbat a u.eetlim of tbe 8torkholders or said Corunany will be held at D. R. Brown's Montgomery House, in the bo rough of Nor risiowu. ou MONDAY, liece.i ber 9. 1MS7, at 10 o'clock A. M., to elect Mx Managers of said Company to servo the ensuing year. D. 11, MULVANV, II 14 tin becrelary. fryf- OFFICE OUT THE LEHIGH COAL AND "- KAVIOATION COMPANY. NuVFUBKB 29. I8l7. At a ppfclal meeting ottbe Board oi .Mainpernor the Lehigh Coal and. Navigation Cijmpany,;hid.ibla day, Messrs. ErtwaidW. Clork, John Welsh. Clarence H. Clark, ano Uei.rge F. Tyler were elected to IUI lb" vat ancles earned by the resiynaiiou of Messrs. Jaooli P. Jones. Freueriuk Urutf, Hamuel E. Mtoke, and I barlea Wheeler from their positions u Manugers of Shi. i Company. F. MITCHELL, 11 2M8t Httretary. tfj&f OFFICE OF rilE LEHIGH CJAL AND vrs-' NAVIGATION COMPANY. i'llll.ADBI.eillA, Nov. 20, 18H7, At a special meeting oi the Board or Managers ot the Lehigh Coal and Navigation Company held thN day. EDWARD W. CLA.hK, Esq., was elected Pret- ueiu oi sain uinipniiv, 10 mi ine vacancy occasioned by the resignation ot Ju mea H. Cox, i , from auld ollice. F. MITCHELL, Secretary. it 2i et FARMERS' AND MECHANICS' NATIONAL BANK. FHILADKI-PBIA, Nov. 29, MH7. For tbe convenience of its Htockholders this B.iulc wlll pay lo the Receiver of Taxes tbe flate Tax oi 'ihiee Mills now due upon their rns ectlve aiisrm, 11 29 M W. RUWHTON. Ja Castile'. frpr- COMMONWEALTH NATIONAL. BAN K Philadelphia, Dee. 8lf67. For tbe convenience of Its ftockholuers, this Batik will pay to the Receiver of Taxes the Htate lax of Tl ree Mills, now due upon their resffccit ve abre4 4 8t It. C, YOUNii. Cashier. f2J PKOFESSOK BLOTS' LECTURES ON CXOKERY, 111 AHSSiMBLY BUILDINGS, TENTn and ( UEHNUTbtreete, at 10 n clock A, M., Do. e iib r 4, 8 8, and 9. Terms for the course of lour lectures. f:t; sl"gle lecture l. li a 138 r WIEGAND'8 PATENT STEAM GENE RATOR Is cheap, compact, economical In ub, and ABBOLtTELY fsAFJfi FROM ANY FOH3I BILITY OF KXPLOblON Apply at tbe Office of SAMUEL WORK, N. K, cor. Ber of THIRD and DOCg B'reeia. i p t3jr HOLLOW AT '3 PILLS.-FEVER AND v- AGUE. 'Ihe preparations et Uululne and Calomel pr.scnb.d by the laciiliy lor this disease are nioie destructive in tbelr ravage on the hum ill bud? thau toe ei.mplhlut Itself, vrlfylnv ihe old ai aye. "A remt dy worse thau the dlsetse." Hollo wai's Fill pieM no mineral polH'in, hud are more speedy and efiicuctous lu proiuotluk a permanent, cure, bold by all d uB(f lata. liltuUiut UNIVERSAL EXPOSITION, Harltj, 1867 STEIN WAY & SOff TRIUMPHANT, htvlmhrai awarded the First Grand Ool1 Medl foi ah ericau Grand, hqua-eanil Uorignt 1'Unon. 0 Ihe ui'Milmotia ve diet of the lnle-nvlnn l .lury. til Midal is distiuoily claaslded tint iu order of n erlt Over all other American Exhibitorj, And ovrr more than fhur hnmiren PInoi ent r-d lor ro i eiitlou by near y all tbe most celebrarel mnu- fartiiM r-of h urooe. FOR PALE ONLY BY 4 iO tu.bitt BLASITJ8 BR03.. 1006 CUESfJUT St- " A LL CAN HAVE" BEAUTIFUL HAIR." JlX. LONDON HAIR COLOR. 1 N DON II Al It ttil.OR. LONDON 11 AIR COLO 11. LONDON HAIR COLOR. LONDON HAIR COLOR. LONDON HA lit COLOR, NOT A DYE. NGT A DYK. J ON DON HAIR COIXin LONDON HAIR COLOR J.UMXI.N II A I It i OLOIt LONDON II AIR CO i OK JiFKlllliKK AND DKKH.-1NG, KESTOHKK ANO DKKS-tINO, JIFHTt HKK AND I lt K-l NO, REfc.Tt.lll Kit AN" DRKS8ING, The only known Restorer ot Color and Ferfect Hair IrtMilng combli ed. no more baldness i() MORE BALUNI-H-t NO MOHK RaLINKS4 NO MORE BALDNlMdi OH OK OB OH GREY HAIR. GREY HAIR, OBEY HA.1K. OBEY HAUL It never falls to bnpart IH'e, growth, and vigor to theveakeet hair, rumens and stops Its falling, and Is sure to or. duce a new growth of balr, causing it to grow ii l k and strong. Only 7ft ccuu a bottle; balf 1or,en, 14. bold at l)H, HWAYNE'S, No. 830 N. SIXTH Mtreel, above Vine, Andal) Druggists and Variety Biorea. 8 2tuthis VIENNESE SKATE DAGS, THE UREAT CIIBI.HTM Aft IN O V 12 Hi T Y. These Elegant Goods bave been expressly designed for this CHRISTMAS SALES, AND ABE SOLD EXCLUSIVELY BY BAILEY & CO. No. 819 CHESTiUT Street, 10 2 thstn PHILADELPHIA. JUST AT THIS TIME AN earni st spirit of Inquiry hs sprung np la the Jewish I Lurch, which promises great good to the Christian World. INTO THE LIGHT; OR, THE JEWESS. Is written with the legitimate purpose of assisting all earnest inquirers, using the laaguage ofan exalted 111 era tore and the mechanism of the modern novel to help In tbe accomplisbmeiit of Its purpose. NAOMI, THE PfiKRLESfJ, the exquisite copy ot a thousand models existing In our midst everywhere, orawn by the hand of a woman, of great power, will la tbe love of every reader. For dignity and simplicity, nobleness of purpose, broad teliglous toleration, freedom from cant and preaching, truthful pertrayal of life In town and country t INTO THE LIOIIT Is not surpassed by any modern novel, tl'78 buys It at every Bookstore In Philadelphia. IORINGv Publisher, K - BOSTON. S3 i E. To Persons Intending to Effect INSURANCE! UPON THEIR LIVES, THE PENN MUTUAL LIFE INSU- i RANCE COMPANY-, No. 0!1 Chestnut Street, Philadelphia, Offers inducements equal to anyother Company, ana superior to many. The return premium has averaged larger than most of tbe other Companies. Tbe Insured participate EVERY YEAR In the divi sion of surplus, while In soma companies no return Is ever given for Ihe first year's premium. All the Surplus Belongs to the Insured ! There being no Stockholders to claim a share. The fcecuriiy Is aopl. Ihe assets are well and safely Invested, and lu proportion to the amount of liability,. IJfSlUE NOW! ALL FOLICIE9 ISST7ED PREVI US TO FIRaT JANUARY WILL BHAKK IN TUli JANUARY DiVialON. U'!iETjl,.M,,, $1,800,000. Losses Paid Promptly. JAMES TRAQUAIR, President. BAM I'KL H. bTOKKS, Vh-e-President,! JOHN W. HORN KK. A. V. P. aud Autua y. HORATIO B. blKPHENB, becretary, lvlimwttt PRINCIPAL AGENCY HUt THE SA1E OF UNITED STATES BEVENVE STA91PM. Ail kinds of Revenue Btsmps kept constantly on band, and for sale In all amounts. B tamps forwarded lo all parts of ibe United Btatfs by Mall or Express, with tbe greatest despa'ch. Tea following dlsojuat allowed; On 2 U WD PEB CENT 2(J to 1 110 TOUR PER CENT. Ilia md upwards FOUR AND A HALif PEROT. Tbe United States Revenue Stamp printed on Cherts, Drafts, Peceljla, Bill Heads, etc. Oideis sollilted fnnt Printers, Engravers Bta tloneir, BackB, Hank ws, and others. The following disceuut allowed en the 'stamped Paper ' , ., . Ui der IIO0...,TO.,f.TWO AND A HALF PER. CENT. f 1 0 to (3(0 etteee. e Mteeeeae THREE PER CENT I30C and over...,..,..... ...............TOOR PER CENf. JAOOli F. IHDOWAY". . 07 KOITT1I TIIIBD fTtB,tirt HSStt ' " ' - pIItADELPHIA, TIR8T-aL.A8JB O A B I ,1 N 0. 'cen.tal location Ne. li OlRLD Street, west of Kleveutb, above Cnemiui street. A nanatomo second Story 11 on rooui. .ufuruh.ned. now vacant, U CKttP, CI! AI3".?, CiiZflTEST CLOiniNG IU THE CITY. ROCKH LL d WILSON, Nos, G03 and 605 CHESNUT St. Every Garment in our Exten sive Assortment LOWERED in Price to suit the times. We are determined to close out our Stock of Overcoats and Heavy Suits boforo tho Holi days. Very Cheap. Prices greatly reduced on Ordered Work. Parents, brlns; along your Boys. We have all kinds of Doys' Clothing, which wowlil sell very low. The Dcst Ready-made Cloth ingin Philadelphia at tho low est figures. Perfect satisfaction guaran teed to every purchaser, noin F0R TUE INFORMATION OP HOLDERS 07' GOVERNMENT SECURITIES, who may wish to convert them Into the FIRST MORTGAGE BONDS' OF THH Union Pacifio Railroad Co., We publish below ttoe terms npon whioh they may now be exch.tngrd at the office of the Agente ot the Compauy In thi city, TV M. PAINTER A CO., HO. X(l NO (ITU THIBD NTKKCT. We would to-day give these bonds and pay m diffe rence of raw-M taking in exchange U. B. 8s of last. (166 83. do. , , do. 5-20'S Of 18. I27'5 do. . . do, gM'SOtlStH. (JIM 58 do. do.' 6-2c's of isss, Hay A Nov. (151-83 do. do. l-20's of '85, Jan. ft July, (161-88 do.'. do. B-20'S of '67. do. 19S-P3 do. do. 5 ft cent. 10 Ws. do. (15918 do, do. 7-10Cy. JUuelstue. (15313 do. do. 7 8-10 Oy. July Issue. (For every thousand dollars.) We offer these bonds to the public, with every con flderte In their security. Philadelphia, Nov. 21, ISO?. l4p pRENCH BRIE CHEESE. LOV EIM OF FINE IJf POSTED' CHGEtlB AKKIHTIT1D TO VAVt, AT HROtD AND WAIMIT.At) FINUTIIKRBTIIE riNKHT VAUIKTV AND QIIALITT Of CIIf.ENH IN THE (ITY. WE AUD IN KEl DIPr Or vutv jiioi:e It HIE CIIEKSIH, CD. KU'lSLV HIT I'P IN FMAKHJK, IN BAVK EIN, AND OK TKK! KICII FLAVOR. AISO, KOQTJEFOKT, HTII.TON, CIIED DAK. EDAM, PINEAPPLE, InifATION OF 1IOI IILE eVI,OU4 EiHTEH, AND UIC1I C BE A. II CHEVNE. MEI'FCIIAl F.L AND CANE V BERT WILKi UEJUECEITED IN A FEW IIAVH, SIMON 10LT0N & CLAKKE, m. W. COB. BBOAD AND WALNUT KTS., 10 22 ' '' ' ' PHILADKLfHIA. T "TUB CHEAP-BOOKSTORE" 1V,000 Pictures at a. Redauftlose of 08 Per Cent. 9 Books Selling at S Cent. $4 Dooki gtlllug at a e.nts. $150 BooUe Selling at 3 Ceats. A r ew lot of these Chtap Books now ready tot In- ' apectlon. 1000 Chromoi Reduced front 32 to 78 Per Cent. ' vrry thing In our Line either at Whole sale or Leas thau Cost. Call and look over our counters. Store kept open until to o'clock each evening. JAMES S. OLAXTON, 12 4 2t4p NO. 1BI4 ftlKUT STBKKT. g ; E M O V A L. CONWAY DROTHERSy IMPOBTEBM AND JOUBKBS) OF nO.SIAi.BY, CIEOVKS, NOTIONS, AND TOT. Have removed from No. lo North FOURTH Street, to tbe large and spacious fetorerooois . KtS. AND ' N. FOVBTII flTBEET, Bi nlhwest crner of Qommeree. 13 4 St POINT BRKEZE PARK. FRIDAY, DE4EIUBEB 6, 1867. ri'USE AND HAKE OF IJIIOO. Mile Heats, in S, to Road Wattons. Good day and tiack. Three bent road horses In thu city. Horses to start at I o'clock P. M. J. 91. 1IAN8IILI. NAMES B. II. MAY BOX. OK NEK NAN AH R. M. GAZELLE. OH NEB NAMES B. II. STHATII9IORE. The- privilege of a member Introducing a male friend without pay Is suspended. uuiuiuusea w in start lur tue r-era irom J.torary street at iiH o'clot k P. M.. 12 m FOB 188 8 nils peputj.rg. lt ertired nilnla ure 1 vol urn. is r. plete with M soellanr, Household U. I'ateudar aud Usmo pnwijo, etc 4 Ml full). Uall.J r onnwy, lMUla OTUKIIK 4K COOL1LOK, Mo, 8 M ILK slrMec, Bonton, and sold K all hooksellaw, I'hiladelpkla, J, II, Lli'f iNOUPT A 1X1. - 1 .v . . a P'-sionk Vii.it anr TWILM1NQT0N STEAMBOAT . ' "i'u H,lerTH cKSDA Y, nenember 5. the s'Mmer AKi. V?v'! dlconiiuue her trios, The .troer a. M. V tnoN will run as follows:-Leave t)H tin S 1 1 C wft? '!"' ''"I'' lphia, at t v. M aud wlb M1NOTON at 1-ia A.M. 13 4 ii r -IT!r ou ciinvrEK. ho k. and Auub.'An -U W it nit igiou. the sienuir H. it.vM ( liesiiu Kiret Wliwf stsP S.,iiilte tnrnliiK, lpvm Wilmington t T- A. M, V re to WUuiluglHu.U centa. UienM. W Uvok, lUUklliA X, i V