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THE DAILY EVENING TELKGKA1MI PHILADELPHIA, THURSDAY, FEBRUARY 2, 1871
oriRiT or znn run no. Editorial Opinions of the Leading Journal! upon Current Toplos Compiled Every j Day for the Evening Telegraph. 1UNK IN THE NAVY. From the AT. Y. Tribune A bill to regulate the rank of staff oflloers in the navy has passed the House of liepre aentatives, and is expocted to go through the Benate, with possibly noma slight amend ments. So a long quarrel and a long injus tice will come to an end. The bill proposes only to place staff officers on a recognized and positive fopliDg as to rank, giving them no couiruatul, no right to interfere with the line, no increase of pay or privilegas. It provides that a surgeon in our navy shall enjoy the same recognition Unit is given to a surgeon in the army or a Burgeon in any foreign service. The relative positions of staff and line officers in the army were settled twenty years ago, and there has boon harmony between the two classes of the service ever since. In the Bri tish army and navy a similar adjustment, after long controversy, was made at the in stance of the Duke of Wellington and Sir John Takington, with equally good results. There is in fact no reason in the world, drawn either from abstract principle or experience, why medical officers, engineers, paymasters, chaplains, mathematical professors, and con structors should not have the positive rank which befits the importance of their duties and the length of their service. But in the case of our navy there are rea sons much stronger than prevail abroad why the two classes of officers should be placed on an equality. The opposition on the part of the line to this simple measure of j ustice springs from an impression that line officers of the navy are the aristocracy of America a class of men above other men, and educated, if not actually born, to command. Graduation at Annapolis is a sort of patent of nobility, carrying social distinction and precedence. Civilian officers, therefore, must be made to feel their inferiority to the privileged caste. If the regulations of the service allow them to wear gold bands and gilt buttons, and to assume a sort of undefined and purely com plimentary dignity known as ''assimilated rank," it is only (as Admiral Porter said) "to identify them with their surroundings and give propriety to their presence.1' This dan gerous and growing aristocratic sentiment has led many statesmen to doubt the propriety of keeping np any Naval Academy at all. Its best corrective is the introduction into the service, on terms of perfect equality, of good healthy civilian or, as Admiral Porter would say plebeian blood. Personally, the staff comprises some of the best men of the service. They must, from the nature of their duties, be educated at least as well as the line, and probably the average of ac complishments is much higher in the officers who have been trained in our civil schools than in those who have obtained their educa tion at Annapolis. They ar likely to raise instead of lowering the character of any class with which they are incorporated. Admiral Farragut was strongly in favor of such a measure as is now before Congress; and if the American people want any other reason for approving it, they will find one in the fact that Admiral Porter is very much op posed to it. "MORRILL" FORCE. From the JT. Y. Ilerald. Are we awake? ' We have been in the habit of considering ourselves not only awake, but wide awake. Nevertheless, we are compelled to suppose that we are walking about in a state of chronic somnambulism that all life is illusion. Is it the fact that a live member of the House of Representatives, a veritable being in the flesh, a pantaloon-wearing, balance-at-his-banker-possessing, tariff-concocting, prooreating, eating, drinking, di gesting, sleeping human being a man made in the image of a common sense Creator and of the same pattern as ourselves has really brought in a bill making it penal to sell or give intoxicating liquors for drink to all the civil and military offioers of Government? Is that so? Or have all the newspapers of the United States been made the victims of a stupendous hoax played upon them by their correspondents at Washington ? Of the two suppositions we really'do not know which is the more difficult to entertain. But upon a sober consideration of the probabilities of the case, we are compelled to believe that the correspondents have not con federated to make game of their em ployers and the forty million citizens of the United States. No; it must be that it is the Representative who has gone to the mad, not the correspondents who have all, like the pack of wild swine that went over the precipioe, gone to the bad; for the correspondents owe a duty to their editors, failing in which they can be deprived of their salaries; whereas members of Congress, we are fast getting to think, owe ns no duty, or at least think tuey owe none to any one in the heavens above or the earth below. It is, then, Mr. Morrill who has unhappily become a victim of mental aberration. We are Bincerely sorry. That gentleman has, evi dently, parted with his senses, and his friends must lose no time in taking the steps which the law provides for distressed families on such melancholy occasions. Much learning made Paul mad, according to Fes t us. Much pondering on moral duties has evidently dis turbed the mental balance of the eminent per son from Maine. This prophet of total absti nence has imbibed morality in such reckless and profligate quantity that he has become the victim of a new form of delirium not the delirium tremens of alcohol, but the delirium tranguiUum of fanatioism. It is a curious case for pathologists very ourious and we shall await with eagerness the comments of our brain doctors upon this original form of brain disease, which it is a prond thing for onx groat country to introduce to the atten tion of medical mankind. In what other way are we to treat this amazing incident? It is not possible no, it is not possible for any sane man to suppose that such a proposal can be passed into law by a body of legislators. It is not pos sible for any sane man to imagine that it could be executed if it did. It is absolutely unnecessary to comment upon such a pro posal as the offspring of a serious legislative purpose emanating from a mind. in a condi tion of normal health. But wa cannot consent to forego our own privilege ef reason, in spite of such eminent and respeotable temptation to make fools of ourselves. We are sane, and by the blessing of God mean to remain so as long as we can. How long that will be while this epidemic of contagious legislative irrationality is in the air we don't know. But we will do our best. "Tis a mad world, my maaUis." But we are still sensible enough to ask what is the meaning and what is to be the end of these inexcusable vagaries ? Why are the forty millions of sensible business people who inhabit the country to be dis graced and worried by suoh freaks of legislative impertinence aa this? Why is Congress to be turned into an arena for half -cracked people to crack bad jokes in the face of an overtaxed and insulted pnblio? Is there any remedial agency anywhere .which will stop this morbid development of foolishness in high place? Or are we to go on until our whole publio business breaks down under the weight of publio contempt? Do not lot anybody mis take. There is something rotten in the state of Denmark when anybody going about at large can do such a thing as propouud a crazy bill to make it a penal offense for Govern ment officials to take a drink. And that rotten thing in Denmark's state was Ham let's minfortune a doubtful coudition of sanity that very doubt which we are compelled to raise about the gentleman from Maine. In the name of the publio weal we demand that people who deal with political affairs should try to think soberly upon the proprieties and practicalities of public life, as they are condemned, under the heavy penalties of insolvency and h oin.l ostracism, to deal soberly and decently with their private affairs. When Mr. Morrill proposed to make it "a crime against the peace of sooiety"' to offer the Commander-in-Chief of the United States army, for example, a glass of wine, docs he not know, to Fpeak seriously, that he is himself guilty of a crime against human reason itself ? If ho does not know it, do his constituents know lit If tbey know it, will they discredit themselves and all of us by keeping such a Representative? If neither he nor they know it, is there any one who can and will teach them? And if there is not, what, in the name of the multiplication table, of the lvs of gravitation, of all fixed facts aud laws, is to become of them and all of us? Indeed, what would become of Washington in particular and mankind in general if the firm connection so happily established auioug us between whisky and politics were to be broken down i "bhall there be no more cakes and ele," Oh Pharisee of the Pharisees? Was his Majesty King David a profane, not a sacred, majesty, when he declared with strong judicious Hebrew sense that wine maketli glad the heart of man ? The sting is taken out of the Puritans pretty considerably, thank goodness. They cannot burn wrinkled old women for witches, so they are leduocd to trying to "rob the poor man of his beer." They will fail. The "bar," literally, of public opinion will be too strong for them; aud, though we may shock some foolish souls by saying it, we prefer the simple intoxication produced by whisky to the compound mental drunkenness of people who think they cau chango human nature by acts of Congress. At all events it is less mischievous. The ono is the master of the china shop who goes into a passion and cracks Ja cup or two; the other is the raging bull that breaks into the shop and smashes everything. THE CONDITION OF MISSISSIPPI. Prom the N. Y. World. Governor Alcorn, of Mississippi, is a re cognized authority on matters pertaining to the industrial condition of the South, espe cially as regards cotton, and in a copy of his message just sent into the Legislature we find Borne interesting statements and statis tics respecting his State. The full returns of the census not having as yet come into his possession, Governor Alcorn selects seven counties in Mississippi, "bottom land and upland, ridge and prairie, negro county, white county, and mixed county," from whioh the returns are complete, aud by a comparison in these widely soattered sections of the census of 18G0 and that of 1870 arrives at some general view of the condition of the whole State. Cotton he shows to have fallen off C3 per cent, from its yield in 1800; corn, Ci) per cent.; hogs, ('."; wheat, 8(5; sweet po tatoes, 04; peas and beans, 81), and home manufactures, C2.. "Whether a deficiency of capital or a deterioration of labor" be the cause of this general decadence his Excel lency does not at first say, but further on in his message thinks that, "on the whole, how ever, the general decline shown points pain fully to not only a falling off in the amount of our colored labor, but to a character of falling off among the whites which is sug gestive of a breaking down in the spirit of the people." The almost entire destruction or orchards, tne decrease in the article of honey of 80 per cent, and of 9G per cent, in chesse, are indeed sad testimonies to the existence of some evil sapping the foundations of household thrift. Counting from 18G5 in thirteen counties, taken as they come, Governor Alcorn finds that while white dram-shops have increased from 81 to 488, negro drinking-places have swollen from 5 to 31. Crime, taking a soore of counties for example, be describes as "shockingly great in its amount," but "nevertheless being brought within the cognizance of the law, offenses in the nature of murder and feloni ous assault in 1870 being 23G, of which 128 were by whites and 108 by blacks. In the articles of marriage and education Gov ernor Alcorn describes the colored popula tion as doing well, but finds that, "while the nursing care of the negro infant under slavery resulted in the raising to ages be tween 1 and 6 of 048 per cent, more than that of the whites, the nursing care of the negro infant under freedom has resulted, so far, in the raising to ages between 1 and 5 of 173 per cent, less." The peace of the State is declared undisturbed by any organized opposition to the laws, and the Legislature is urged to economy, the civil list for 1870 amounting to $1,01)1,245), against $527,07, or something less than half that, in I860. Taken altogether, this exhibit of Mississippi affairs is not a pleasant one; but as Governor Alcorn is candid enough to show things just as they are, it is to be hoped that his ability to ameliorate the situation may be found equal to the frankness with which he de clares it. THE PRESIDENTIAL ELECTION THE REPUBLICANS ALARMED. From the A. Y. Sun. In a little more than a year hence the Presidential candidates of both parties, and of all parties, if there should happen to be more than two, will be in the field, and the country will have fully entered upon the campaign ef 1872. It is beyond question that the successful candidate in that contest will be chosen by a smaller majority of the electoral votes than any President has re ceived since James K. Polk defeated Henry Cloy. This fact is impliedly admitted by the nervous manner in which soma Republican journals, and especially the Tribune, are handling the election returns of the past yew aud trying to draw encouragement from their ugly-looking figures. No apportionment of members of Congress having been yet made under the new census, prophecies concerning the future must be mainly based upon the imperfect data furnished by the existing ap portionment. In the elections of the past year, twenty States, which, acoording to the present appor- I tionment, give one hundred and seventy-six votes for President, went for the Republi cans, while seventeen States, which give one hundred and fifty voteB, went for the Demo crats.' It will be seen, therefore, that if the Democrats can retain in 1872 all the States they carried in 1870, they will prevail in the next Presidential contest, provided they can make an additional gain pf fourteen electoral votes. Can the Democrats make such a gtiu ? Assuming that they will show good sous iu the erection of their platform and the selec tion of their candidate, the Southern Stitei afford the most available field for thorn to make the necessary break in the Republican lines. Among the States carried by the Re publicans the past year were Arkansas, Mis sissippi, and Texas. With no changes else where in 1872, theso alone, if wrested from the Republicans, will more than sullijo to elect the Democratic ticket. Cau the Democrats hope to uike gains in the South? The negro vote is a very unsta ble foundation on which to anticipate tho continued supremacy of the Republican party. Though the elections of the past year demonstrate the truth of this proposi tion, neither party seems to comprehend the principle from which it springs. Consider ing the oircnmRtanoos under which the ne groes of the Southern States obtained the elective franchise, it is entirely natural, aud indeed highly creditable to them, that for one, two, and perhaps three elections, they fehould vote the Republican ticket almost to a man. This they would regard as the pay ment of a debt, which they might well believe they owed to the Republicau party. But after tfiey had discharged this obligatiou, and when they began to find that nothing specially beneficial to the great mass of thorn v us likely to flow from this exclusive devo tion to one party, then, if-they were satisfied that the Democrats would make no attempt to deprive them of their rights, they would gradually become subject to the same influ ences which control the votes of other races of men; and with these influences fuirly in operation the result would be that a portion of them, perhaps only a small portion at first, would vote tho Democratic ticket. This is the key which solves the problem of the recent elections in the South. A margiu, a small margin doubtless, of the negro ele ment, fill away from the Republicans. A portion of it refused to vote at all, while another portion took an advance step and voted with the Democracy. To secure tho whole of this margin, and by a bold blow to crumble a still larger fragment from tho Re publicans, is the policy through which the Democrats may reasonably hope to carry every Southern State in 1872, and thereby make up the possible loss of one er two Northern States like Connecticut and Nevada, and come out of the struggle victorious. In view of the situation, we do not wonder that the Tribune is nervous and restive, and seems almost ready to give signs of woe that all is lost. FINANOIAL. SPECIAL NOTICE TO INVESTORS. A Choice Security. We are now able to supply a limited amount of tne Catawissa Railroad Company's 7 PER CENT. CONVERTIBLE MORTGAGE BONDS, FREE OF STATE AND UNITED STATES TAX. They are issued for the sole purpose of building the extension from MILTON TO WILLIAMsirOKT, a distance of 30 miles, and are tecured by a lien on the entire road of marly 100 milte, fully equipped and doing a flourishing business. Wben It is considered tbat the entire Indebtedness of the company wlil be less than $16,000 per mile, leaving out their Valuable Coal Proerty of 1300 acre. It will be seen at once what an unusual amount of security Is attached to these bonds, and they there fore must commend themselves to the most prudeut Investors. An additional advantage la, that they can be converted, at the option of itie holder, after IS years, into the Preferred Stock, at Dar. t hey are registered Coupon Bonds (a great safe, guani), leaned In sums of I5U0 and $1000. Interest payable February and August. trice 92)4 and accrued interest, leaving a good margin for advance. For further lmormatlon, apply to D. C. WHARTON SMITH S CO., No. 121 SOUTH THIRD STREET, 1 2St PHILADELPHIA. yE OFFER FOR SALE, AT PAR, THE HEW MASONIC T E MP L E LOAN, Bearing 7 3-10 interest, Redeemable after five (5) and within twenty-one (31) j ears. liferent luy able March and Sep tember. The Bonds are registered, and will be Issued In urns to suit. DE HAVEN & BR0., No. 40 South THIRD Street. 11 PHILADELPHIA, Stocks bought and sold on commission. Gold and Government bought and sold. Account! received and Interest allowed, subject is Slght'Draf ta. A LEGAL IWVE3TMETJT Having sold a large portion of the Pennsylvsnia Eailroad General Mort gage Bonds, The undersigned offer the balance for a limited pe riod at vs and Interest added In currency. These bonds are the cheapest investment for Trus tees, Executors, and Administrators. For further particulars, Inquire of JAY COOKE A CO., B, W. CLARE A CO., W. H. NEW BOLD, SON A AERTSES. C. A H. BOHIE. 811m FINANCIAL., A RELIABLE Safe Home Investment T11U Sunbury and Le wist own Railroad Company 7 PER CENT. GOLD First Mortgage Bonds. Interest Iayable April and Octo ber, Free ef Ntate and United States Taxe. We are now offering the balance of the loan of $1,200,000, which is secured by a first and only lien on the entire property and franchises of the Company, At 90 and the Accrued Into rest Added. The Koad ia now rapidly approaohing com pletion, with a large trade in COAL, IUON, end LUMBER, in addition to the passenger travel awaiting the opening of this gTeatly needed enterprise. The local trade alone ia sufficiently large to sustain the lload. Wo have no hesitation in recommending the Bonds as a CHEAP, RELIABLE, and SAFE INVESTMENT. For pamphlets, with map, and full infor mation, apply to WRfl. PAINTER & CO., Dealers in Government Securities, No. 36 South THIRD Street, 6 1 tMp PHILADELPHIA. Wilmington and Reading RAIIHOAD SEVEN PER CENT. BONDS Free of Taxes. We are offering $200,000 of the Second Mortgage Bonds of this Company AT 82 ABD ACCRUED INTEREST. For the convenience of Investors these Bonds are issued In denominations of - $1000f $500, and $100s. Tne money Is required for tne purchase of addi tional Rolling Stock and the full equipment of tne Koad. The road la now finished, and doing a business largely In excess of the anticipations of Its officers. The trade offering necessitates a large additional outlay for rolling stock, to afford full facilities for its prompt transaction, the present rolling stock not being sufficient to accommodate the trade. WM. PAINTER & CO., BANKERS, No. 36 South THIRD Street, CP PHILADELPHIA. AMERICAN STEAMSHIP COMPANY Of Philadelphia. BOOKS OF SUBSCRIPTION FOB THB IB O IV S Of this Company ATe now open at the following places. Office of the Insurance Company of North Ame rlca. No 238 Walnut street Office of the Delaware Mutual Insurance Company, southeast corner Third and Walnut street. Office of E. C. Knight A Co., southeast corner of water ana cuesnui streets. Office of Drexel A Co.. No. 84 South Third itreat Office of B. K. Jamison A Co., northwest corner of TDira ana inesnut streets. . C. Camblos & Co.. No. 33 South Third street. Office of Barker, Bros. A Co., No. 83 South Third street. Office of Olrard National Bank, Third street, below ineHuub. Office of Central National Bank, Fourth street, below Chesnut. These BONUS are issued In suras of 1500 and 11000 each, with Interest at the rate of s per cent. Der annum, free of State tax A are a first mortsaire upon the property of the Company, and the prompt payment of the principal and Interest of the same is guaranteed uj ms rennayivania jtaiuroau com' pany. 1 21 12t F SAL E, Six Per Cent. Loan of the City of Wil liamsport, Pennsylvania, Froo of all T a x o h, At 85 and Accrued Interest. These Bonds are made absolutely secure by act of Legislature compelling tha city to levy sufficient tax to pay inter Bt and principal. P. 8. PETERSON & CO., No. 39 S. THIRD STREET, 86 PHILADELPHIA. 530 530 uarrissou axiAxrcno, BANKER. DEPOSIT ACCOUNTS RECEIVED AND INTER EST ALLOWED ON DAILY BALANCES. OHDKKS PKOMPTLY EXECUTED FOR THB PURCHASE AND SALE OV ALL RELIABLE SE CURITIKS. COLLECTIONS MADE EVERYWHERE. REAL ESTATE COLLATERAL LOANS NEGO TIATED. 19 81 em No. 030 WALNUT St., Pbilad. FINANCIAL. EIU01T, COLLINS & CO , Mo. 109 South THIRD Street. MEMBERS OF STOOK AND GOLD EX CHANGES. DEALERS IN MERCANTILE PAFEU, GOVERNMENT SECUUITIES, GOLD, 4SCS ETC. ETC. DUNN BROTHERS, Ncs. 51 and 53 S. THIRD St., Dealers In Mercantile Paper, Collateral Loans, Government Securities, and Gold. Draw Bills of Exchange on the Union Bank of London, and iPf.no travellers' letters of credit through Messrs. BOWLES BROS & CO., available In all the cities of Europe. Make Collections on all points. Execute orders for Bonds and Stocks at Board of Brokers. Allow interest on Deposits, Babjcc. to check at sight. 12 JOHN S. RUSHTON & CO.. BANKERS AND BROKERS. NOVEMBER COUPONS WANTED City Warrants BOUGHT AND SOLD. Ho. 60 South Til 171 0 Street. 8 2 PHILADELPHIA. B. K. JAMISON & CO., SUCCESSORS TO r.F.KELLY St CO, BANKERS AND DEALERS IN Gold, Silver, and Government Bonds t Closest Murket Hates, N. W. Cor. THIRD and CHESNUT Sts. Special attention given to COMMISSION ORDERS in New York and Philadelphia StocK Boards, etc eto. m as; INSURANOb. TELAWARK MUTUAL SAFETY INSURANCE XJ COMPAJN x. incorporates Dy tne Legislature of r ennsjivauia, 1&30. Office S. E. corner of TniRD and WALNUT Streets, t iintvii-nmiu. MARINE INSLRAKCE3 on Vessels, Cargo, and Freight to all parts of the worm. INLAND INSURANCES . on Goods by river, canal, lake, and laud carriage to an pans in wi union. FIRE INSURANCES on Merchandise-generally; on stores, Dwellings, X1UUSBB, CbV. ASSETS OF TUB COMPANY, November 1, 1870. 1300.000 United States Six Per Cent Loan (lawful money) $333,375 00 200,000 State of Pennsylvania Six Per Cent. Loan 214,000-00 2W,tuu oi rnuaaeipnia oix rer Cent. Loan (exempt from Tax) S0L163-50 164,000 State of New Jersey Six Per Cent. Loan 168,92100 80.000 Pennsylvania jtauroau nrss MortgsfieSlx PerCL Bonds. 80,700-00 25,000 Pennsylvania Kanroaa second Mortgage Six Per Ct. Bonds. 25,250-00 llD,vw western leniiBjivauia nau road Mortgage Six Per Cent. Bonds (Pennsylvania Rail road guarantee) 20,00000 80.000 State of Tennessee Five Per Ct. Loan 13,000 00 7,000 State of Tennessee Six Per Ct. Loan 4,20000 12.CC0 Pennsylvania Railroad Com pany (250 Shares Stock) 15,000-00 8,000 North Pennsylvania Railroad Company (100 Shares Stock).. 4,800-00 iu,wu rnuaaeipnia ana oouiuern aim Steamship Company (so sirs Stock) 4,000-00 261,650 Losds on Bond and Mortgage, first Hens on City Properties.. 261,650-00 11,260,150 Par. C'St, 81,264,44734. M'ktVlf 1,293557 00 item tstdte 00,000 '50 Bills Receivable for Insur ances made 230,97127 Balances aue at Agencies Premiums on Marine Policies Accrued Interest and other debts due the Company 93,375-47 otocK ana renp, etc , or sun dry corporations, 87950, esti mated valuo 8,91200 Cash 143,911-73 11,820,78797 DIREl TORS. Thomas C. Hand, .Samuel E. Stokes, John C. Davis. William O. Boulton. Edmund A. Souder, Joseph II. Seal, James Traqualr, Henry Sloan, Henry C. Dallett, Jr., James C. Hand, W illiam C. Lndwlg, Hugh Craig, John D. Taylor, George W. Bernadon, Edward Darlington, 11. Jones Brooke, Edward Lafonrcade, Jacob Rlcgel, Jacob P. Janes, James B. McFarland, Joshua P. Eyre, Spencer Mcllvalne, John B. Semp'e, Plttsb'rg, &. d. writer, ruwourg, D. T. Morgan, Pittsburg Wm. C. Houston. U. Frank Robinson. THOMAS C. HAND, President. JOHN C. DAVIS, Vice-President. Hekbt Lylbukn, Secretary. Uknkt Ball, Assistant Secretary. 2111m 1 R E ASSOCIATION INCORPORATED MARCH 17, 1890. OFFICE, No. 84 NORTH FIFTH STREET, INSURE BUILDINGS, HOUSEHOLD FURNITURE, AN I MERCHANDISE GENERALLY From Loss by fire (in the City of Philadelphia only) AHSKTS. JANUARY I, 1STO, l,T05,319 07. TKL'HTCEd WUUam H. Hamilton, John Carrow, George L Young, Jos. it. Lyndall, Charles P. Bower, Jesse Llghtfoot. Robert Shoemaker, Peter Armbroster, Samuel Sparuawk, I Peter Williamson, Joseph E. SchelL WM. H. HAMILTON, President. SAMUEL 8PARHAWK, Vice-President Levi P. uoais. ju. ii. uicKinson, WILLIAM F. BUTLER, Secretary F AMX INSURANCE COMPANY No. 809 CHESNUT Street DfCOBFOUATKD 1856. GHAHTBa rSSrBTUAi. CAPITAL 1200,000. FIRE INSURANCE EXCLUSIVELY. Insurance against I-osa or Damage by Piro either Perpetual or Temporary Policies. DlHkCTUKg. Cnrules Richardson, Robert Pearoe, Vs'lllmm II. hhawu, John Kessler, Jr., William M. Suyfert, Edward B. Orne, JoliU F. biuH.il, Charles Stokes. Nathan UUlt-s, Jolm W. Everman, Georae A. West, Mordecal Busby. CHARLE8 RICHARDSON, President WILLIAM H. RUAWN. Vice-President Williams L Blakcuako Secretary. 1 H INSURANCES lire, Inland, and Marine Iosuranct, INSURANCE COMPANY or NORTH AMERICA, Incorporated 1701. i i V CAPITAL $500,000 ASSETS January 1, 1871.. $3,050,530 Receipts of Premiums, '70 12,096,154 Interests from Investments, 1870.. 137,050 1 1,233,204 Losses paid lulSTO ....$1,136,911 STATEMENT OF THE ASSETS. First Mortgages on Philadelphia City Pro perty S34,950 United States Government Loans 325,93 Pennsylvania' State Loans 169,310 I'htladrlphlaClty Lonns 8a'0,000 New Jeipey and ether State Loans and City Bonds 225,510 I'hiludelphla and Rending Railroad Co., otuer Railroad Mortgage Bonds and Loans 863,20 Philadelphia Bank and other Stocks 62,4sa ( ash In Bank 281,049 Loans on Collateral Security 81.434 Notes receivable and Marine Premiums unsettled 439,420 Accrued Interest and Piemlum in coarse of transmission 83,801 Real estate, Ofllce of the Company 30,000 13,050,536 Certificates of Insurance issued, payable In London at the Counting House of Messrs. UHJWN, SHIP LEY A CO. AiiTiiiJit a. COFFLT, PRESIDENT. CIIAllL.i:S PLATT, VICE-PRESIDENT. MATTHIAS HI A KIM, Secretary. C. II. UEIiVEW, Atmlatant Secretary. D1UECTOKH. ARTHUR O. COFFIN, FRANCIS R. COPE, etAAiLnii w. duwa. JOHN A. BROWN, CHARLES TAYLOR, AMBROSE WHITE, WILLIAM WELSH, JOHN MASON. EDW. II. TROTTER, EDW. 8. CLARKE, T. CHARLTON HENRY, LOUIS C. MADEIRA, citAa w pnuiruiM GEORGE L. HARRISON, CLEMENT A. GRISCOM, WILLIAM BROCKIE. 1835 1829 CHARTER perpetual. 1870 Fraitiin Fire mm Company OF PHILADELPHIA. Office, Nos. 435 and437 CHESNUT St. irosfoiim f 'in ro nnn oorri CAPITAL 1400,000-00 ACCRUED SURPLUS AND PREMIUMS .8,609,888 -24 INCOME FOR 1670, LOSSES PAID IN 18. $810,000. 144,08-4a. Liosaers paid since 1899 oyer 05.500,000. Perpetual and Temporary Polities on Liberal Terms. The Company also Issues policies upon tne Rents of all kinds of Buildings, Ground Rents, and Mort gfTbe 'FRANKLIN" has no DISPUTED CLAIM, DIRECTORS. Alfred G. Baker, Alfred FlUer, Thomas Sparks, William 8. Grant, Thomas S. Ellis, Gnstavus 8. Benson. Samuel urant, George W. Richards, Isaac Lea, George Fales, ALFRED G. BAKER. President. GEORGE FALES, Vice-President JAMBS W. MCALLISTER, Secretary. 9 it THEODORE M. KEG ER. Assistant Secretary. THB PENNSYLVANIA FIRB INSURANC1 COMPANY. Incorporated 1826 Charter Perpetual. No. C10 WALNUT Street, opposite Independence Square. This Company, favorably known to the oommo nlty for over forty years, continues to insure against loss or damage Dy are on Pnblio or Private Build ings, either permanently or for a limited time. Also on Furniture, Stocks of Goods, and Merchandise generally, on uoerai terms. v Their Capital, together with a large Surplus Fund, bles them to offer to the Insured an undoubted aeon, nty ta the case of loss. DIRKOTOBS. Daniel Smith, Jr., I Thomas Smith, Isaac Haalehurst. I Henry Lewis, Thomas Robins, I J. GUllngham FOIL John Devereux, I Daniel Haddock, Franklin A. Comly. DANIEL SMITH, Ja., President Wk. G. Cbowkll, Secretary. a as THE ENTERPRISE INSURANCE C. OW PHILADELPHIA. Office B. W. cor, FOURTH and WALNUT Streets. FIRE INSURANCE EXCLUSIVELY. PERPETUAL AND TERM POLICIES IfSTJBD. CASH Capital (paid np In full) t200.ooo -00 CASH Assets, DeBember 1, 1870 GO0'88824 DIRECTORS. F. Ratchford Starr, i J. Livingston Errtnger, Naibro Frailer, James L. Claghorn, John M. Atwood, Win. G. Boulton, BenJ. T. Tredick, Charles Wheeler, George H. Stuart, (Thomas U. Montgomer John II. Brown, 'James M. Aertsen. F. RATCHFORD 8TARR, President THOMAS H. MONTGOMERY, Vice-President ALEX. W. WISTEU, Secretary. JACOB E. PETERSON, Assistant Secretary. JUPEBIAXi FIKE INSTJIIANCB OOm LOHDOW. EMTABIJMIIED ISO. Fsid-np Oapitftl and AooamsUUd Fonda, 08,000,000 XIV GOLD, CREVOST & HERRING, Agents, . Bo. 107 B. THIRD BtnMt, Philadelphia. OHAB. M. FKJTVOflT OHAB. P. QHKBXNS ENGINE. MAONINEKY, ETO. tWK PENN STEAM ENGINE AND BOILBH uLtel WORKS. NEAFIK A LEVY, PRACTI. CAL AND THEORETICAL ENG1NEEK8. MA CHINISTS. BOlLiut-MAKEnO, BLACKSMITHS, and FOUNDERS, having for man years been la success! dl operation, and ben exclusively engaged In building and repairing Marine and River Engines, high and low pressure, Iron Boilers, Water Tanks, Propellers, etc. etc., respectfully offer their serrleea to the publio as being fully prepared to contract for engines of all sizess, Marine, River, and Stationary ; having sets of patterns of dlffeient slees, are pre pared to execute orders with quick despatch. Every description of pattern-making made at tne shorf . notice. High and Low Pressure Fine TnbuJ tld Cylinder Boilers of the best Pennsylvania " rooal Iron. Forging of all aixe and kinds.. ' .ron and Brass Casting of all descriptions. ..oil Turning, ocrew Cutting, and aU other work oonnacUxI with the above biihlness. Drawings and spedilcationa for all work dona the establishment free ol charge, and work gua ranteed. The subscribers have ample wharf dock-loom fot repairs of boats, where they can lie in perfewt safety, and are provided with shears, blocks, falls, etc. etc., for raising heavy or light weights. JACOB C. N KATIE, JOHN P. LEVY, 1 15 BEACH and PALMhR Sfjresta, Q1RARD TUBE WORKS AND IRON CO. PHI LA DELPHIA, PA, Manufacture Plain and Qalvanlsed WKOI'UHT-IRON PIPE tuid Sundries for Una and Steam Fitters, Plumbers. Machinists, Railing Makers, OU Refiners, etc WOHKS, TWENTY-THIRD AND Fl I.BERT STREETS. OFFICE AND WAREHOUSE, 8 1 No. 42 N. FIFTH STREET?