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Tiifi DAILY EVENING TELEGRAPH PHILADELPHIA, THURSDAY, MARCH 17, 1870.
srxnxx or ins rnnss. Editorial Opinions of the Leading Journals upon Current Topics Compiled Every Day for the Evening Telegraph. WILL THE VALUE OF INVESTMENTS FALL UNDER GOLD VALUES? From the Ar. T. Tirnee. A very practical question will come tip in connection wilh the Hppreciation of the currency, or "the fall in gold ' how far it is to affect the value- of invent merits. Here, for instance, a capitalist puts $100,000, with gold at 125, in a railway, whose debt is two-fifths of the value of the property, and gold subse quently sinks to 110. The amount of the shareholder's proportion of the dobt is quite different in the two cases, provided gold is the absolute standard of value. In the first he holds $00,000 of property over and above his part of the indebtedness; in the last only $48,000. This principle may be applied generally to railroads and their debts. Their stock is often valued on a depreciated state of the currency, say with gold at 140, but when real values are reached their debts must take their real proportion, and market values of stock sink correspondingly. So, theoretically, with real estate. The prices have been blown up by the rise in gold while the mortgages remain often the same. With a gold currency, or a paper but slightly depreciated, these prices must come down, and the debts which cover real estate will hear a much larger proportion to the value, and may finally, in many instances, eat tip the property. That this is true of commercial property no one of course doubts. If one of our wealthy sugar firms should hold sugar to the value of $100,000, bought when gold was at 125, having paid in cash $10,000, and gold should fall to 110, we can see that the loss in the different value of the debt would be as above with the railway stockholder. But the practical question is, "Is gold the absolute standard of value for railroad pro perty and for real estate ?" If railroads and town lots could be exported, and were in demand all over the world, or even in every part of this country, and were portable and easily exchangeable, they would tend to follow exactly the value of gold. But a thousand local and incidental circumstances affect their money values. Thus, the Government during several years gave a vast business to various railroads, and enabled them to pay off old debts and to equip themselves with a valuable outfit. Their property, which ap peared to be swollen by the paper currency, has not as yet perhaps much fallen in paper, and is, of course, in gold much higher than it was during the war. Again, immigration has settled new districts and given a new value to certain means of communication and traflc; as a consequence certain roads are doing a business so much larger as to meet the depreciation of the currency and to keep their gold value about the same. Others are more carefully managed, or have grown with the country, or have so much cheapened ex penses that, despite the fall in general prices, their value romai as about us it was. So again with real estate. A rich stream of immigration has poured into certain States. It in cultivating land and developing new capacities in those regions. Land has really risen in value there, from legitimate causes, CO to . 150 per cent. As a natural consequence the acre retains, with gold at par, the same price which it had at 200. So with lots near large cities, and sometimes in city limits. There are thousands of excep tional influences affecting such property. For instance, there are beautiful sites within twenty miles of New York whose price has not been affected in any way by the rise or fall of gold, while there are others that have followed almost exactly the value of the paper dollar, and again others which were very low when gold was high, and are high now when gold is low. Public taste, the opening of new railroads, the means of com munication, the reputation for health, and many like causes, determine the prices of such property far more than the Gold Exchange. In a large city, lots and buildings are more directly affected by the price of gold, beoause they are more easily exchanged and bought and sold; and the speculation induced by a redundant currency can more easily find an outlet in such purchases. On a broad scale, too, no doubt all real estate feels the effect somewhat of an inconvertible currency, but very slowly, and with many excep tions. We doubt, for instance, if the prices of good arable land throughout the Union have at all followed the value of the paper dollar. At this time we question if the fall in farming lands (taking an average through the United States) will at all equal the fall in gold. Who can say, too, that real estate in this city will follow the oourse of the gold market ? To a certain degree it will, no doubt; but the question of value will depend on the relation of population to space, the new communications, the attractions of the parks, the state of business, and the local taxation, as well as a thousand other causes. All that investors or holders of railroad property and real estate can do, is to look around and wisely select such property as has not been swollen in price by the currency, and is not too much laden with debts. The theory is undoubtedly true, that all values are either measured, or tend to be measured, by gold; but the fact has many exceptions, whioh must be judged of on their own merits, and where practical judgment is of more use than any economical science. IS OUR KAVY EXTRAVAGANTLY MANAGED ? From the N. Y. Herald. When the present administration of the Navy Department came into power it had but a small allowance of funds ana a large allow ance of Secretary Welles' debts to pay; but it put forth all its energies, set men to work on the rotten old hulks that encumbered the navy yards, and by fitting in a timber here and a timber there had in the course of nine months thirty-eight vessels fitted for sea, These, however, are not enough to relieve the rotten hulks in foreign waters, some of which bad to be sola abroad because the com manders-in-chief dared not send them home. When the appropriation was exhausted the Navy Department stopped work in the Bureaus of Construction and Steam Engineering, de termined to expend no money not authorized by law. Then by a close calculation, cutting down in one bureau and paring down in another, it collected of its own funds appro priated bv (Jongress xour natuon dollars. which it simply asked of Congress permission in ns to continue the work of resurrection. One day's investigation into this matter w'aa sufficient to have made members of Con gress acquainted with the true state of the case. It was not an appropriation that the Secretary asked for. but a transfer from one already in Dos session of the department, appropriated by Txincrasa for naval purposes, i he whole thing has, however, been so muddled and niisrej resented by those who have charge of the matter in the committees that it has lod to the project of sweeping the whole four millions into the Treasury, letting the navy whistle for its money. One ingenious mathe matician in tho House Committee of Appro priations took oocasion, in the conference committee, to state that "Our navy is the most extravagant in tho world, while the Bri tish navy is the most economical," thus showing that it would require a large book to contain all not known on the subject. He went on to inform tho committee that the total amount appropriated for the British navy was but three millions of pounds ster ling per annum, which nssortion so startled his fellow-members that they dropped the discussion to give each other time to obtain furthor information on the subject. Now, for the enlightonment of the said committee, we beg leave to state the facts in the case, which are copied from the British navy estimates for 18C!, and which is an average estimate for preceding years, a few thousand dollars more or less. We find in the estimates referred to the following net amounts appropriated for the British navy, after deducting estimated extra receipts and repayments to be paid into the exchequer. These amounts foot up 10,238,990. At five dollars the pound sterling this amounts to, in gold, $51,194,950. This in currency would be $01,423,910. Now, by the same authority, we know that labor in England is just one half of what it is in this country. Men in the dockyards there work ten hours a day, without reading newspapers during working time, and material is one-half the cost it is in the United States, as we can see by refer ring to our tariff. Therefore the same num ber of war vessels that are kept in commission by the British Government would cost $122,847,880 por annum if kept in commis sion by our Government, making a difference in the expenses of our navy and that of Great Britain during the last year of $102,847,880 in favor of our establishment. These are calculations that any boy of twelve years can make, and we commend to our legislators the study of their arithmetic In 1808 England had in commission one hundred and ninety vessels of war, all told, including line-of-battle snips, iron-cased ves sels, frigates, corvettes, sloops, gunnery ships, stationary receiving and depot ships, troop ships, store ships, drill ships, tendors or tugs, guard ships of the coast guard, etc The United States had in commission sixty seven vessels, including wooden frigates, sloops, small gunboats, receiving ships, train ing ships for apprentices, store ships, train ing ships for midshipmen, tugs, iron clads, wooden sailing vessels, and gunnery ships. None of these exceed a frigate in size, and they number only one-third of the vessals in the Britihs navy. Taking the appropriations for our navy in 1808 and comparing them with the British estimates as above staled, it will be found that our expenditures were only one-sixth of those of the British, and oven admitting that the labor and material ex penses should be thrown out of the question, our expenditures still remain but one-third of those of the British navy. If, after this, a Republican Congress think proper to lay up our navy when the best interests of the coun try demand that it be put in order, they can do so; but they will be reminded from time to time by figures that cannot lie that there are persons who are not to be deceived by statements put forth iu committees calculated to prevent the proper appropriation of money for the national defense. The following are the estimates for the sup port of the French navy or the year 1870: The total estimate for the support of the navy is 102,845,022 francs, equal to $32,509,004 (gold). The number of seamen (exclusive of officers) is ."0,030. The number of mechanics, etc., is 23,400. This does not look as if our navy was such a tremendous affair. THE UNSOCIAL EVIL. From the fit. Louis Republican. It may be safely assumed, we trust, that the most moderate bachelor and the most chronio spinster will, when the question is submitted to their impartial and unprejudiced judgment, concede, on general principles at least, that the institution of marriage is de sirable and ought to be sustained and en couraged by every suitable means which can be brought to bear in that direction. The lonely masculine may deem single blessed ness the best for him, and the unappropriated female may declare that a husband is not essential to her happiness, but both if they be sensible people will not hesitate to de clare that, for the vast majority of man and woman kind, matrimony cannot be dis pensed with, and that it is not less necessary to the security and prosperity of the State than to the well being of the individual. None but a few half crazy fanatics of either sex will venture to make a serious argument against these self-evident propositions, and yet it cannot be denied that a combination of circumstances and influences have, within the last dozen years, done very much to discour age marriage among that portion of society where it should be the most in vogue. The very rich are, in point of numbers, but a fee ble minority; the very poor are, in point of moral weight, measurably deficient the balance of power in the social system is held now, as it has been in the past two centuries, by what are usually termed the middle classes. These are the people upon whom the heaviest burden ot responsibility depends, and what ever tends to loosen their principles, or break from them the bonds of proper restraint, is sure to have in the end on altogether perni cious and ruinous effect upon the whole com munity. The corruption and decay of the middle classes is the certnin precursor of a nation's downfall; the virtue and content ment of the middle clusses is the most relia ble evidence of a nation's intrinsic greatness. This omnipotent element is composed mainly it. . i j . . a r l i . . - oi me luuusirious aim lrugui, wuo, lacking on the one hand the skill, the courage, or the opportunity to acquire weaitn, have, on the other, sufficient energy and self-respect to enable them to maintain a reputable standing, and enjoy a limited share of the luxuries of life. Their ranks are filled by the better grade of mechanics, tradesmen of limited means, subordinates occupying re sponsible positions in all the various business pursuits men, in short, wko seldom get be yond a narrow range of financial possibilities, but who are nevertheless absolutely essential to the existence of those above and below them, because they constitute the real bone and sinew of the land, the solid oolumns in the great army of workers. The fact must be patent to any careful observer of the times that comparatively few of these, if they listen to the dictates of prudence, can afford to marry; and, if they choose to take the risk in volved in that step, there are more chanoes for peouniary embarrassment and distress than at any former period of our history. In numerable persons have tried the experiment of living on love, but, so far as we have been able to ascertain, each and every ex periment has terminated in disastrous failure. Mutual affection, unchanging and unchangeable devotion, that form of connu bial bliss whioh usually crops out in season able and unseasonable caresses these ore I unquestionably good things to have in tho house, but unless reinforced by less ethereal agencies, they will neither keep the houpe . nor pay the rent thereof. Tho results of cookery are even more indispensable to our mundane existenco than the blandishmonts of Cupid, and police regulations will not pormit the abandonment of clothing by Darby and Joan, no matter how much they love one another. Shelter, food and raiment, then, the family must have. Can the class to which we allude procuro them in suitable quantity and quality under the present regime? It is doubtful, to say the loast. When our fathers and mothers commenced their married life, six or eight hundrod dollars per annum was thought enough to justify a yaung man in asking the woman of his choice to share his lot, and a thou sand dollars yearly income was considered almost a competency; but the lovers who now-a-days form a mutual joint stock com pany on no more capital than this are deemed exceedingly sanguine, if not exceedingly foolish and reckless. It is next to impossible, even with a guarantee of health, for a man to decently support himBelf, his wife, and child saying nothing of children on twolve hun dred a year; and yet this is more than the average sum whioh mechanics, employes, and beginners in the learned professions oan realize. No man with an atom of pride caros to march deliberately upon such uncortain ground as this; much loss to involve an inno cent and confiding girl and helpless offspring in the meshes of a poverty from whioh there is small likelihood of escape. He prefers and cannot surely be blamod for the prefer enceto buffet the world alone; to endure his own discomforts philosophically, congra tulating himself that none suffer with him. The result of this determination is plainly observable. A majority of the young men in any given community are not seeking wives, and do not want to marry. Homes and domestio pleasures are reserved for tho few and deniod to the many; club life is be coming fashionable in the larger cities, and French ideas and usages in regard to the rela tions between the sexes are beginning to pre vail to an alarming extent. Can this growing evil be arrested ? Can a reform be initiated and oarried forward suc cessfully until the desired end is gainod? These are problems of infinitely more import ance than those whioh Mrs. Stanton and Miss Dickinson are diseasing and "orating " upon all over the country, and if our petticoated apostles of progress would do a little more missionary work among their own sex, they might assist in the securing of richer bless ings than the gift of suffrage. It cannot be denied that tho non-marrying mania owes considerable strength to a potent influence which may, with propriety, be christened "Mrs. Grundyism." Tho Ameri can people have a marked tendoncy toward snobbery a mean admirution and a mean fear of things iu themselves essentially mean. Young people are unwilling to marry unless they can assume a certain status at ouce ond keep it. They are not content to begin life as their parents began it, but insist upon beginning where their parents left off. A majority' of the young women ot 'our day, particularly, have a morbid admiration for style. They are taught to believe that to marry a poor man is tho one unpardonable sin for whose terrible consequences there is neither atonement nor recompense in this world. To win a handsome establishment. to be able to wear purple and lino linen, fare sumptuously, roll about in an elegant equi pnge and be esteemed a bright, particular star in the firmament of "our best society" these ore the objects of ambition of too many of those gentle creatures who might, if they would, play a nobler part. When women understand their real mission and are reafly to fulfil it; when they are inde pendent enough to despise the dictation of "Mr. Grundy," and live for themselves and those they love rather than tho world; when, for the sake of an honest, manly heart, they are willing, ' if need be, to wear calico and dwell in two rooms we shall probably be able to chronicle the rapid decline and speedy abolition of the Unsocial Jiivil. PROTECTION FOR FREE-TRADERS. From the N. Y. Tribune. The World sees fit to say that "It should be an arsumeut wltli the Ways and Means In favor of a removal of tha duty on hides and Hklus that the Tribune Is able to auree with the Would in looking on the proposition to that effect at un eomptwatrd by any quextion of free trade or protec tion, and meriting respectlul attention on the mere business merits of the case. There are un pleasant rumors in connection with the retention of a duty that lias been admitted, even in tho Ways and Means, to be Ill-art vised, and Is, as above Indi cated, condemned la the press or this city lrredpec tlve of party." Comments by Vie Tribune. The passage we have placed in italics above Is, to speak mildly, a very grave mistake The Tribune regards tho demand of the leather men that hides and skins be admitted free of duty as a demand for protection pure and simple, and to be conceded, if at all, as a measure of protection. They now puy a duty of ten per cent, on imported hides, and are protected by duties of 25 to 35 per cent, on imported leather. They are asking that the duty which protects them be retained, and that the lower duty which they have to pay be abolished. It may be wise and just to do what they solicit; but the tribune has not said so, and cannot say bo until it shall have received further light on tho subject. We shidl want to know, as preliminary, whether those who thus solicit increased protection believe in nrotection for others as well as for them selves. If they see fit to figure conspicuously at free trade meetings, and there declare that protection l unnecessary and injurious, tne Tribune will be apt to conclude that theirs is a purfuit whioh because of the exceptional cheapness in this country of tanning mate rial can net on with little or no protection certainly, with the very considerable proteo tion already accorded it. For the present, we only ask to be counted out of any category wherehv tha dutv of ten ner cent, on hides is condemned, or the action of the Ways and Means Committee with regard to it made the subject of "unpleasant rumors. Tha nrineinle above indicated covers many coses that of the shipbuilders, for ex amnio. Thev have, onite unanimously, in formed the Committee of Ways and Means that they are averse to free trade in vessels that is. to tha nnrchase of our vessels iruui makers on tha Clvda or the Elbe. In other words, thev desire that shiobuilding shall be Protected here, bh it has hitherto been. On this point we are in heartv accord with them, But we insist that thev shall evince a willing ness to "live and let live" to do by others as thev wish to be done bv. It is right that American ships shall be built in American waters, under the direction of the living suc cessors of Eckford and of Steers. But it is right, on the same principle and for the same cubous, mat American uou, auwiuu chore, American cordage, etc, etc, shall be used in the construction and fitting out of those American vessels; and we are in favor of this also. If the shipbuilders are not, we cannot feel the same interest in their appeal o Congress for protection that we should if they were as ready to concede as to claim it. THE OUTRAGE AT SANTIAGO. Front the N. Y. Sun. The degradation broncht uoou the United States by the imbecile administration which now governs tho country was completed at Santingo de Cuba on Wednesday week. Air. I'hillips, the acting Consul of the United States at that port, recently addressed a communication to the Secretary of State upon the facts within his knowledge concern ing the civil war in that region. This com munication was sent to Congress by the Secretary, and was duly published. When it reached Santiagq, tho mob who oontrol the Spanish authorities of the island first compelled Mr. Thillips to sign a papor de claring his official letter to be a forgery. Haying signed this falsehood under fear of losing his life, the terrified American Consul still found it necossary to floe from the island. He took passage on a Frenoh steamer, embarking under the protection of the British Consul. His own country the United States not being able to afford him any protection, he flod from his post under the escort of a British official, leaving any othor American citizen who may happen to be there to the tender mercies of the Spanish mob. Can anything be more humiliating to the people of the Unitod States than this event? The official representative of tho country is forced to escape from a city in Cuba that is in full possession ot Spain, because an offi cial letter of his, published here, is displeas ing to a body of armed and fanatical ruffians! And, to complete the measure of our dis grace, he is compelled, even in his flight, to receive from foreigners that protection whioh his own great and powerful Government does not afford. A revolting comment upon these facts is offered by the publication, in the same jour nals which narrate the flight of Consul Phil lips, of the testimony respecting Cuba given by the Secretary of State before a committee of the House of Representatives. Mr. t ish avers that there is nothing in Cuba which is not perfectly satisfactory to him, and he earnestly begs that Congress may not take any step wnicn will tend to disturb the affec tionate relations which he now enjoys with Spaniards at Madrid and Spaniards in Cuba ! The case of Mr. Fish is hopeless. His heart and mind seem to bo utterly inoapable of feeling or knowing what is the duty of the United States Government in view of the circumstances which now exist in Cuba. But lot the friends of Spanish barbarity and Spanish despotism be assured that tho Ame rican peoplo are not ns stolid and heartless as their Secretary of State. And let General Grant understand that the moments which remain to him for action in this matter aro few, and that if he means to save himself from everlasting shame, he must make haste to improve thorn. MISS MOORE'S MISERIES. From the -V. 1'. World, Tho slander suit of Miss Moore against Mr. Bonnell for saying that she was not Miss Moore at all but Mrs. Bonnell, or that if she were Aliss ' Moore it was hif;h time that she were Mrs. Bonnell, ceme on Tuesday, not to a decision, but to the demonstration of an in ability on the part of twolve jurors to arrive at any decision. Mr. Bonnell and Miss Moore are left at liberty to promulgate their several theories ot their relations, and tho household or the households, as tho case may be, of Bonnell and Moore are plunged into chaos come ogam. It is singular that a case of this kind should occur. It is common enough in novels, and not very rare in real life, to find one party insisting upon a secret marriage whioh the other party denies. But in those cases it is always the woman who insists that the man shall do her right, and the man who has con spired to cheat her into allowing him marital rights, without thereby incurring for himself marital responsibilities, whereas here the male contracting party desires to hold the female to a vow which he affirms and she denies; and it is perfectly plain that his anxiety to be bound to her and her anxiety to be rid of him ore so intense that they have inspired one or other of the parties to the commission of the most flagrant perjury. As nothing hi concluded by the verdict of the jury, those who have hitherto amused themselves with speculating upon the proba bilities of the case are left to resume that re taxation. And the majority of them will, we apprehend, have much less difficulty than the jury in arriving at satisfactory solution of the puzzle. The probabilities, it must be said, are all in favor of the defendant in the suit. It is not denied, and there is indisputable evidence to prove, that he was married to some one on the occasion at which and by the clergyman by whom he now claims to have been married to Miss Moore, and it is also in evidence that the person to whom he was then married gave Miss Moore's full name. To overthrow the presumption raised by this orol and documentary evidence, it is necessary either to produce some other per son of the same names as this Miss Moore to whom Bonnell was married, or else to estab lish a conspiracy on the part of Bonnell and some female person unknown to have the lat ter personate Miss Moore, or at least to show a pluusible motive for such a conspiracy, Miss Moore, on her part, admits that she had engaged herself to marry Bonnell, and that at one time she was ready to marry Bonnell, and some of her letters are such as could haully have been written unless she had mar ried Bonnell. After rdl tht-Be admissions, she insists that she did not marry Bonnell, and leaves the puzzled publio to answer for it self the inevitable inquiry, "Who did marry Bonnell? " Decidedly the most rational answer is that she did, and that she now seeks to escape from a bod bargain which she admits she would have consummated if it had been good bargain by denying that she made it. BRIBING MEMBERS OF CONGRESS. Frowi the Baltimore Sun. An anti-bribery statute, whioh was passed y Congress February 20, 1853, has been lutelv unearthed by Rome dolver among dead- letter laws. This statute punishes by fine and imprisonment any person giving or offer iiitr a bribe to a member of Congress or other officer of the United States, with a view to influence his performance of an official funo tion. and forever disqualifies the bribed per son from holding places of honor, trust, or profit under the Federal Uovernment. It was passed at a time when there was a good deal of clamor about "bribery and corruption" at Washington. But what the people of a former era considered something unheard of in "bribery and corruption" has been thrown altogether into tne unaue vj modern pro- cress, xne louuy, wnicn was men merely ucious but weakly infant, has beoome now a hundred-handed giant with a big finger in every passage leading to every branch of the Government. We ought to have known, by the history of all mankind, that there is no inherent virtue in laws so long as those who make them aro not up to the standard of their own work, and those who execnto them are a good doal bo low it. Here, for example, is a statute, which is a good and reputable statute, having the best intentions, and yet it has boon as totally disregarded as if it had never boen enacted. If it had ever been carried out, thoro might perhaps have been at some time various other members of Congress, bosides Whittemore and Deweese, compelled to resign, and purify themselves by fresh contact with the unsophisticated virtues of the constituent body. A groat delusion prevails in tho publio mind ou the efficacy of statutes, constitutional amend ments, and test oaths. The prevalent idea is that they are sovereign remedies for all the political ills that flesh is heir to. They are ooked to as the fountains of publio virtue and morality. In and of themselves they are expected to convert men into angels and bring about the millennium. .No one seems to ask the question what need of anti-bribery laws if legislators are honest, or what efficacy is oaths if taken by perjurers and rogues ? It in only by electing virtuous and capable men to office that publio trusts can be adminis tered with fidelity. This is an old maxim, and has been often uttered, but we fear it will have to be repeated many more times before the people give practical proof that they realize its truth. REPRESENTATION OF MINORITIES. Front the Cincinnati Gazette, The declaration that the maioritv must rule is simply a way of practical working of the principle that the people govern. As the Eeople are not all of one mind, there must e some way of coming to a decision, and this rule that the majority shall deoide is the only one that has yet been tried. But it does not mean that the minority have no rights in the government. And it cannot be denied that when a small majority assume all tho powers of government, and make laws in which a great population has no voice. because it is in a small numerical minority in the State, the principle of representative government and of a government by the content ot the governed is but lmportectiy carried out. How to make government a better repre sentative of the people, and how to raise minorities from their present state of political annihilation, and give them a voice in pro portion to their numbers, is a question which has drawn tho attention of many thoughtful minds of late. Its desirability is generally conceded, but the idea has not become so popular as it naturally might be, because of the general notion that it cannot be made practicable. A plan to put this principle in practice in the State of Illinois, in the elec tion of the General Assembly, has been pre sented by the Committee on Electoral and Representative Reform, of whioh Mr. Medill is chairman. In brief, the plan is that Re presentatives and Senators shall be elected by districts, each district to choos e three, and each voter to have the right to cast a vote for each, or to cast threo votes for one, as he may choose. . In this way the minority, by concentrating their votes on one candidate, may secure one of the three Representatives of the district if their numbers are large enough to entitle them to one. Thus the minority will be able to secure a fair representation, the principles of representative government will be better put in practice, and still tho political necessity that the majority shull rule will be provided for. And we may remark that this plan will enlarge the privilege of oil voters, by allow ing them more latitude of choice in the can didates, and thus will in a considerable degree give them a recourse against bad nominations and corrupt rings. 'i.he American practice of revising the State constitutions periodically will make it prac ticable to introduce this mode of representa tion into the State governments, if it shall be found to work well, and from thence into the Presidential election. Tho principle is one that commends itself to all, and the plan seems simple and fair; therefore we hope the State of Illinois will take this opportunity of constitutional revision to establish this sys tem of "totality representation and an un restricted ballot," as it is denominated in the report. 8PEOIAL. NOTICES. rgy THE PENNSYLVANIA FIRE INSUR- ANCE COMPANY. March 7, 1870. The Directors have thl day declared a dividend of BlCVK.lt DOLLARS AND FIFTY UK NTS per Niiare on tbe Stock of tbe Company for tbe laet six months, which will be paid to the Stockholders or tuoir legal representa tives alter the 17th instant. D 8 lot WILLIAM O. OROWKLL, Secretary. QUEEN FIRE INSURANCE COMPANY, LONDON AND LIVERPOOL UAfUAli, jta,UUU.UUU. BABINE, AI.LKN A 1 ALLEN A DULLES. A (rents, FIFTH and WALNUT b tresis. TREGO'S TEABERRY TOOTIIWA8II. It the most pleasant, cheapest and best dentifrioe extant. Warranted tree from ir-juriou. inKredibUte. It Preserves and Whitens the Teeth! Invigorates snd Soothes tbe Gums! Purine! aud Perfuroos tbe Breath I Prevents Accumulalionot' Tartar! Cleanses and Purities Artificial Teoth! Is a Superior Article for Children! Sold bf all druKftiMs sod dentists. A. M. WILSON. Uiwirist, Proprietor, 3 210m Cor. NINTH AND F1LBKUT fats,, Philadelphia. U- BATCIIELOR'S HAIR DYE. THIS splendid Hair Dyel s the best in the would. Harm less, roliable. instantaneous, does not oentain lead, nor Miy viiutic poison to produoe paralysis or death. Avoid the vaunted and delnive preparation hoasttnir virtues tbny do not possess. 'Hie genuine W. A. batchulor's Hair Dye bas had thirty years untaruished reputation to op hold its integrity as the only Per'oot Hair Dye Blaok or lirown. t-old ty all Druguibts. Applied at No. 1 BOND St rt-et. New York. . 4slinwft JBQT WAHDALE G. MCALLISTER, Attorney and Counsellor at Law, No. 2til BROADWAY, New York. Jt2r HEADQUARTERS FOR EXTRACTING Teeth with fresh Nitrous-Oxide Gas. Absolutely no pain. Dr. V. R. THOMAS, formerly operator at the Cotton Dental Rooms, devotes his entire practice to the paiulets extraction of teeth. Office, No. Vll WALNUT Street; 1 2J CLOTHS, OA8SIMERE8, ETO. JAMES & HUDER, Successor to JAMES & LEE, No. 11 Worth SECOND Street, Sign of tne Golden Lamb, Are now closing oat their entire stock of "YV inter G-oods, . Constating of CLOTHS, CASS IM ERRS, VEST ING8, etc., of the beat make and finest texture, which they are Belling far below importers' prices, preparatory to the reception of their SPRING STOCK OF GOODS. yaw GROCERIES AND PKOVISION8. jyriOHAEL M E AG II E II & CO., No. 823 South SIXTEENTH Street, Wholesale and Retail Dealurs In . PROVISIONS. OYSTERS I AKD TKKBAPWS. ! Btabler'. Kxtr. Qaed CORN. m " PK ACHES. Maryland Canned TOMATOK& jutra Canned ABPAKAGUU -.a. UMBRELLAS CITEAPE8T IN THE CITY rplXOM'tt, Ho. U & KIQUTU Stn4 10 lBmUsI W ATOHES, JEWELRY. ETO. ESTABLISHED 185P. WATCUKS, JKWELItY, OI-OCEjS, BlLVEJWAKf; u4 FANCY GOODS. ... W. ItUNttlSLJL., HO. n N. SIXTH 8TRE1IT, PHILADELPHIA. HOWARD WATCHES, THE FINE AMERICAN WATOIl AT THE VERY LOWEST PRICKS BV ALEXANDER It. IIARPElt, 8 accessor to John M. Harper, Afent (or the Howard Watch. No. 303 CIIESNUT STREET, SECOND 8TOBT. 1192m n. M U II R A 8 0 N, NO. IW NOKTH HKCtmi) BTRKKT. Importers and Wholesale Dealers in WATdBES alKWKLHY, BPKCTACLKN, eto. etc. W atchmakers and Dealer will II ml oar stock oom plots, at prices as low as any in the United States. Price list sent on application. WILLIAM B. WARNK & CO Wholesale Dealer In WATCH KB AND JKWxILRT, comer 8KVKNTU and CHKSMfT Rtreet Heoond floor, and lata of No. 86 8. THIRD St. 8 HI PATENTS. pATENT OFFICES, N. W. Corner FOURTH and CHESNDT, (Entrance on FOURTH Street), FRANCIS D. P ASTOnXUS, SOLICITOR OF PATENTS. Patents procured for Inventions In the United States and Foreign Countries, and all business re latlrg to the same promptly transacted. Call or send for circulars oa Patent. Open till 8 o'clock every evening. s t smth PATENT OFFICE 8, N. W. Corner FOURTH and WALNUT PHILADELPHIA. THAN ANY OTHER HELIABL' FEES LESS AGENCY. Send for pamphle on Patents. 8 4thstn CHARLKH H. KVANH. STATE RIGHTS FOR SALE. STAT Right of a valuable Invention lust patented, arl fa tbe 8I.1C1JSO, CUTTING, and CHU'PING of drier oabl.sce, etc., are hereby oflered for sale. It 1 ant -.aL ot iimi value to proprietor of hotel and rettiv Ante, ana It should be Introduced into every family. AT If RIGHTS for sale. Model can be seen at TKLEGftAPU Ot l IOK, OOOPK&'S POINT, N. J. 7tf MUNDY A HOKFMAIl WINES AND LIQUORS. HER MAJESTY CHAMPAGNE. DUriTOTJ 8t LTJSSOI7. 215 SOUTH FKONT STREET. TBE ATTENTION OF THE TRADE IS solicited to tha following vary Ohoioe Win, to. for sale br DUNTON A LUSBON, I US SOUTH FRONT STREET. Montebeilo, Carte Bleue, Carta Blanche, and Charlea h arre's Orand Vin Kuaenie. and Vm ImiiArinL M Kin. - arre's Orand Vin Kugenie, and Vin Imperial. M. K.I in it u a j WINKS. A Co., 0f Mayenc, Sparklinc AloseU and &HINJI MADEIRAS. Old Island, South Side Reserve. SUFRR1KS. V. Rudolpho, Amontillado, Topas, Val letta, Pale and Golden liar, Ciown, eto. PORTS. Vinho Velho Real, Vallot te, and Crown. CLAKKT8. Promia Aine A Cie., MonUerrand and Bot deaux. Clarets and Santera Wine GIN.-"MederKwan." BRAND1KS. Hennessey, Otaxd, Dupoy A Oo,'s various vintages. i 6 QARSTAIRS & McCALL, No. 126 Walnut and 21 Granite Sts., IMPORTERS OF t Brandies, Wines, Oin, Olive Oil, Etc., . WHOLESALE DEALERS IM PURE RYE WHISKIES, IN BOND AND TAI PAID. B2Sipy WILLIAM ANDERSON & CO., DEALERS ia m Waiakiea, no, its norm nnuunu D trees. ruiaaeipnja. FURNITURE. RICHMOND & CO., FIRST-CLASS ' ' FURNITURE WARERQOMS, Wo. 45 SOUTH SECOND STREET, BAST BIDE, ABOVE OHESNUT, 11 6 U PHILADELPHIA. JOHN 1 l'OKEPAUGlI & MO.V, Furniture Warerooms, . Io. 40 HoutH S12CONI Street, S 8 lm West Bide. Philadelphia. LOS I , WHEREAS, A CERTIFICATE, NO. 79, Issund Februarys, 1H40, in the name of JOHN L. PASSMORK, for Ten Shares of the Capital Stock of tbe Merchants' Hotel Company, bas been lost or mislaid, all persons are hereby cautioned aeainBt negotiating; said certificate, as application has this day been made for iasuins a new one. Dtothslit PERSONAL. TV OTICE. APPLICATION WILL BE MADE i. to D e City Treasurer for new certificates for the f o. lowing City six per ornt. loans, free from all taxea: Certificate No. 10.OU8, Loan No. W, daUd November 6, 167, srtu.tnio. Certificate No. 848, New Loan, dated November 33, lrtff, Clots). C'ertitlcata No. 18,331, Liabilities, dated November 24, lt57 vftlHX) Certificate No. 19,383, Municipal Loan, dated November Do. 18ti7, lotHI. Certificate No. $1000 C'tinillU.I. ..... u" i " ' " u.wi ... 'J i .i"' v.i.m. 20,140, rarK ioan, auiuu April a, iao, 1 OTth Kin DN EINQ AND SOOURINQ. T O g I? P II HIOTTET, J KLKVE DK PARIS, FRENCH STKAM DYKINO AND SOOURINO, On any kind of W sarin' Apparel, for Ladies, Oenta, and Children. Patent apparatus for Btretohinc Past front on. to nv. Inch, No. 809 8. NINTH tttW, 9j Philadelphia. PIANOS. ALrSKKUnT, WVW" RIEKKS A SCHMIDT, MANUVAOTDKItlt or FIK8T-OLASS PIANO-FORTES. Full rnarante and moderate price. WAKKKOOMS. No. 810 AROH Street. PAPER HANGINGS. LOOK I LOOK ! ! LOOK ! ! ! WALL PAPERS and Linen Window Shade Manufacture, tha cheapest In the city, at JOHNSTON'S Depot, No. lUiil SPRING GARDEN Street, below Eleventh. Uranoh, No, lin VKIIKRAL Street, Camden. Naw.Iaraa. SAMUEL SMITH & CO., No. 4 8. SEVENTH Street. STKAM AND OAS FITTERS A NO PLUMBERS, Tuba, FitUnc. and Brass VVork eooataaU on band. AH work promptly attended to. ' Clalvaaiaad Tab for Uwueterf Lot furnish sd. U