Newspaper Page Text
THE DAILY EVENINO TELEGRAPH PHILADELPHIA, THURSDAY, APRIL 13, 1871.
SPIRIT OF TUB MESS.
EDITORIAL OriNIONS OF THE LEADING JOURNALS
VPOTX CURRENT TOPICS COMPILED EVERY
DAT FOB THE EVENING TELEGRAPH.
From the JT. T. TYibune.
Ninety -four years ago yesterday there was
born to a poor Baptist preacher, living not
far from Richmond, Virginia, a son since
known to his country and the world as Henry
Clay. Five years later bis mother was left
an indigent widow with seven children, of
whom Henry was the fifth. This boy received
his scanty education in a log school-house,
wherein teachers barely less illiterate than
their pupils from time to time earned a mere
subsistence by imparting a knowledge of let
ters to the children of the poor, for whom no
public provision was made by the chivalry
who then ruled Virginia; their own sons and
daughters receiving instruction in private
seminaries. When fourteen years of age
Henry obtained employment in a small retail
store in Kichmond, which he soon exchanged
for a clerkship in the office of Peter Tinsley,
Clerk of the Court of Chancery, whence, after
four years' service, he was taken into the law
office of llobert Brooke, then Attorney
General, afterwards Governor of the State.
In November, 17'J7, when not yet of legal
age, he was licensed to practise law, and mi
grated at once to Lexington, the first settle
ment and then largest village in the embryo
(State of Kentucky, where he speedily acquired
a large and profitable practice at the bar.
The formation of a State Constitution and
government being then imminent, and slavery
having been planted in Kentucky while she
was a part of Virginia, young Clay took the
Btump as an advocate of its gradual, peaoeful
extinction by constitutional restriction. He
was overborne by wealth and numbers, and
did not maintain a fruitless warfare, but his
convictions were neither changed nor dis
guised, and in addressing, in 1820, the Ken
tucky Colonization Society, made up of the
slaveholding aristocracy when slavery ruled
the Union as well as the State, and he was
about to be for the second time a candidate
for President, he said:
"More than thirty years ago, an attempt was made
in this Commonwealth to adopt a system of gradual
emancipation, similar to that Introduced la Penn
sylvania In 1TS0. And among the acts of my life to
which I look back with the greatest katlsf action Is
that of having co-operated with zealous and Intelli
gent friends to procure the establishment of that
system in this State. We believed that the sum of
good which would be attained by the State or Ken
tacky In a gradual emancipation of her slaves would
far traiihcend the aggregate of mischief
that would result to herself and the
In Ion together, from the gradual liberation of them,
and their dispersion and residence In the United
States. We were overpowered by numbers, and
submitted to the decision of the majority with a
grace with which the minority, in a republic, should
ever yield to such a decision. I have nevertheless
never ceased, and never shall cease, to regret a de
cision the eiTects of which have been to place us in
the rear of our neighbors, who are exempt from
slavery, in the state of agriculture, the progress of
manufactures, the advance of Improvement, and the
general prosperity of society."
Again in 1840, when Kentucky had deoided
to revise her Constitution, Mr. Clay, in a
public letter, urged her to adopt a policy of
gradual emancipation, and was again over
ruled by a vote which was nearly unanimous.
This persistency in advocating a change so
vital yet so unpopular, by one who never dis
guised his aspiration to rise and rule through
the favor and confidence of his fellow-citizens,
stamps him one of the few whose vision
is eagle-eyed who discern the end from the
beginning who can look through present
convenience and ease to the ultimate conse
quences of a system essentially fallacious and
Mr. Clay's unpopular early championship
of emancipation was soon forgotten by his
fellow-citizens in their admiration of the
ardor and eloquence with which he advocated
the doctrines and measures of the Republican
party and its leader Jefferson in opposition
to the tule of John Adams with his Alien
and Sedition laws. In 1803, he was chosen a
representative of his county in the State
Legislature, repeatedly re-elected, and in
1800 selected by his fellow-members to fill a
vacancy in the United States Senate caused
by the resignation of Gon. John Adair. And,
though a successor was at that ses
sion chosen to supersede him after bis
first session, he had already made his
mark in advocacy of internal improvements
by the authority and at the coat of the Union;
he having introduced and carried a resolve
which clearly affirms their constitutionality
and expediency. Returning to Kentucky, he
was rechosen to the Assembly, which made
bim its Speaker; and in 1800 he was again
sent to the United States Senate, to fill an
unexpired term for the two years ensuing. At
the next Congress he appeared as a Repre
sentative, and was elected Speaker of the
House oh the first day of his appearance
therein a distinction attaiued by no other
man since the meeting of the first Federal
Thenceforth, Mr. Clay's career as Repre
sentative, Speaker, negotiator of the Treaty
of Ghent, Senator, Secretary of State, leader
of a great party, and repeatedly its candidate
for President, down to his death in 18."i2, at
the ripe age of seventy-five, is part of our na
tional history. The eloquent promoter and
inspirer of our second war with Great Britain,
he was ever afterward the zealous and inlia
ential advooate of peace; the master-spirit of
repeated compromises whereby the "irrepres
sible conflict between freedom and slavery
was prevented, while he lived, from involving
his country men in bloody collision; and the
foremost champion of protection to home in
dustry, of the systematic improvement at na
tional cost of ri vers, harbors, and artificial
means of intercommunication between di
verse sections and States; in short, of that
American sjsteui which tended in every as
pect to free ns trom dependence on foreign
nations, and render us an intelligent, power
ful, populous, and happy people.
Henry Clay is no longer with ns, but his
principles remain, and the considerations
whereby he upheld them, though no longer
enforced by his glorious eloquence, are still
weighty, and both principles and arguments
are still cntrished by admiring millions
Never a dispenser of Federal patronage, Mr.
Clay's power over his countryman was that of
a rare fcift of magnetio oratory, the outflow of
a cental nature and a magnanimous soul
Many others have nobly and worthily achieved
fame in our national councils; but, after those
of Washington, Hamilton, Jefferson, there is
no name that will hhine brighter or more en
durinoly in our civil history than that of
COMPULSORY EDUCATION IN PF.NN-
From ths H. T. Tivnta.
Considering the startling increase of crimes
of every sort, almost directly traeeable to
ignorance, it is hard to resist the conclusion
that compulsory education affords the only
- t f 1 ; , il. : j
promise OI cwci tiuui iuo gruwiuj; usujjot
Ik has been tried elsewhere with gratifying
results, and we have more than onoe ex
pressed ourselves in favor of trying it here.
But it must be remembered, at the same
time, that this is a radical remedy, and must
be bandied with the utmost delicacy and cau
tion to secure its true benefits. At first night
it certainly looks like an unpardonable in
fringement on the liberty of the subject, and
although in a case like this individual right
must give way to the publio good, the
arbitrariness of the encroachment need
not be so insisted on as to make a
naturally unpopular law doubly obnox
ious. Every pains, at least, should be
taken to conciliate in its favor the feelings
of that more cultivated class of the commu
nity on whose suffrages it must depend al
most entirely for its Bnpport. Ignoranoe hngs
its errors as the owl, so oddly misoalled the
bird of wisdom, cliDgs to its native darkness;
and the example of that resolute ignoramus
in one of the Eastern States, who threatens
to resist with violence any attempt to educate
his children, is apt to be contagious. In
framing Bny such act, the utmost care should
be had to avoid giving unnecessary offense to
the prejudices or convictions of any class,
but more especially of the enlightened
few who alone can be counted on as probable
supporters of the system.
Such caution does not seem to have been
exercised in preparing the bill lately intro
duced into the Pennsylvania Legislature,
which requires the attendance at school dur
ing six months of the year of all children
between the ages of seven and fourteen
years. This rigid limitation seems unneces
sarily arbitrary, and in other respects un
wise. It is doubtful whether, in our climate
at least, children are not more hurt than
benefited by being put to books at so tender
an age as seven, and many competent ob
servers have declared' their conviction that
the tasks which a child is forced to learn
before its mind is tolerably mature, add
nothing to its mental growth, bat tend rather
to retard its physical powers. Unhealthy
precocity is so common, and so frequently
fatal among American children, that our
efforts should be directed rather to set back
than to anticipate the period of mental ma
turity. Most children with ns, of any bright
ness, teach themselves to read, and other
wise astonish their fond parents by a pheno
menal intellectual activity which is too often
followed and explained by an early decay.
Precisely at what age a child's mind becomes
strong enough to bear the strain of cultiva
tion it is not eaRy to fix. Perhaps it is safe
to say that up to the age of ten years, at
least, the little learner should be put to only
the lightest and most desultory tasks.
Doubtless this will seem an extraordinary
view to many, who have so long been used
to the cramming and forcing system of edu
cation in vogue among us, as to believe it
the only true one. But waiving this point,
there is another objection to the Pennsylva
nia bill which is equally strong, and which
will strike most parents with even greater
force. The question of the comparative ad
vantages of home and school education, dis
cussed as long ago as Quintilian's time, has
been practically decided, so far, at least, as
boys in their teens are concerned, in favor of
the schools. But for some years after the
age of seven, the child is probably best and
moBt safely instructed at home. His moral
character is then in process of formation.
and that no teacher can mould so well or so
wisely as a tender and pious mother and a
prudent father. To be sure, many children
are unhappily not blessed with such parents
as these, and many more again have no
homes. For these, at least for the latter,
the school at any age is undoubtedly better
than the streets, though a good reformatory
institution, wisely modelled and carefully
conducted, would be better still. But for
children whose home influences are salutary
and happy, the law should make some dis
crimination. The laws of Pennsylvania do
not directly concern ns, but eaoh suooess
or failure of the compulsory education sys
tem does. Whenever it is tested, we should
like to see it tested on its merits, and not
weighted with needlessly offensive res '.no
THE NEW NATIONAL BANK SCHEME.
From the N. F. World.
"A large number of banks and bankers of
New York," so says the Washington telegram,
"representing two hundred millions of capi
tal, have in a formal manner requested the
Secretary of the Treasury to submit for the
consideration of the present Congress a plan
for for wbatr 'I he telegram says: "A
plan for the redemption or conversion of the
present legal-tender notes." And with such
a shallow device the large number of banks
and bankers, "representing two hundred mil
lions of capital," think to blind the people to
a petty scheme by which they nope to legislate
four or five millions annually out of the
pockets of the people into the pockets of the
aforesaid banks and bankers, who ought, in
all conscience, to be satisfied with the two
hundred millions which they already own, or
rather represent. The despatch whioh an
nounces this little financial sceme appropri
ately closes: "This proposition includes the
substance of General Butlers bill; which
must satisfy all impartial people as to the
disinterested honesty of the banks and
bankers in making this proposition, exclu
sively in the interest of their loss wealthy and
less influential fellow-citizens.
It may be thought that this projeot is
scarcely deserving of a great deal of atten
tion, since as yet we are not aware that Mr.
Bontwell has consented to make the recom
mendation, since even Mr. Bout well's recom
mendation might possibly not make the mea
sure acceptable to Congress, and since it is
not likely that the session will be much fur-
tber prolonged and the measure itself be
ever heard of a-ain. But those who take
this view are little acquainted with the co
hesive tenacity of the radical plunderers who
set such schemes afloat. These men mint
live on the public. Their opportunities have
betn curiauua ot late. The tarin is ex
hausting itself. Tbe most thoroughly pro
tected interests are languishing and unprofit
able. The great land-grab game has coma to
a sudden end, partly due to tbe publio oppo
sition to further grants, and partly due to
private indisposition to further invest in laud-
erant bonds. ine subsidy schemes have
fallen flat. Poor Boutweli'i funding business
has furnished no great picking after all, and
it is difficult to see how anything substantial
is to be made out of tho Ku-kluxes. Iu this
dearth f plausible methods to "convey" the
people's mony, the national bank method
has been revived, and the measure now so
mildly put forward as a recommendation to
the Secretary is but the commencement of a
series by which it is hoped to' revive the glo.
nous banking times of ltu:i, lhul, and IWj.t
Nor is tbe early adjournment at all as cerUiu
as many persons seem to think; and even if
not heard at this session, the uoheine is sura
to be renewed as soon as Congress reassem
bles. Besides, indications are not wanting
that the interval will be employed in niiuu
facturing publio opinion in favor of the mea
sure upon the same grounds as those already
pnnounced by telegraph from Washington. I
HeDce it is well to direot attention to the
subject before the publio mind shall have
been poisoned by persistent misrepre
sentation. We have pointed out already the precise
object of the proposed measure, and how it
is calcnlnted to enable the banks to earn inte
rest, at the expense of the people, on money
which tbey do not lend, but whioh they keep
in their vaults for their own safety, their own
convenience, though likewise required to do
so by tbe National Bank aot under whioh they
lire created. We now propose to explain how
they intend to accomplish this by pretending
to adopt a measure which has so many quali
ties to recommend it that It may be said to
have a certain amount of publio opinion
already favorably inclined towards it. This
measure is based npon a growing recognition
of tbe fact that the national banks, as now
constituted, are virtually that most odious of
all legalized iniquities, a subsidized mono
poly. The national banks are owners of Govern
ment bonds. They are allowed to deposit
these bonds in the Treasury Department at
Washington, and to receive in exchange for
them bank notes enrrenoy in nearly equal
amounts. This privilege is denied to every
one except a national bank. A private indi
vidual who owns bonds cannot obtain bank
notes in exchange for them at the Treasury
Department in Washington; on the contrary,
a private individual who ownB bonds is
obliged to go to a national bank to borrow
bank notes on his bonds, and to pay that
national bank interest on the bank notes, al
though the bank gets them at the department
free oi interest, it is not a question now
whether the issuance of notes by Government
is wise, or whether it be reconcilable with the
true principles of democratic government.
The fact is that the people are willing that
their paid public servants should, among other
things, be charged with the duty of issuing
bank notes on the security of Government
bonds left with them in pledge. But the
people are not willing that they should dis
cbarge this duty for the benefit of a limited
number of corporations; that this discharge
of duty sheuld be coupled with suoh condi
tions as necessarily confine its advantages to
a class to a special interest. The right of
the Government to issue bank notes on the
pledge of Government bonds once admitted,
it becomes the duty of the Government to
issue these notes to all classes of the commu
nity alike. Under the present law the right
to obtain these notes is limited to a class
of corporations called national banks, who
are by that simple faot constituted
a monopoly. When this national bank
act was first passed the people, intensely pre
occupied with the war, and unable to recog
nize the full importance of the measure,
allowed it to pass amid general approval. But
they are now beginning to recognize that they
have constituted the banking interest into a
monopoly which forms the very centre and
rallying point of all other monopolies, and
that they have thoughtlessly raised np a power
which has virtually become the chief ally and
leader of the two worst publio enemies the
railroad ring and the tariff monopolists. It
is under the impulse created by the gradual
recognition of this fact that the recent agita
tion of the national bank act has arisen. The
people reoognize that the right to obtain bank
notes from the Treasury on the security of
Government bonds is a general right equally
open to all. They demand that this right
shall be no longer confined to' the national
If the right to obtain bank notes from the
Treasury on a pledge of bonds conveyed no
other advantages than what are apparent on
the surface, there might be less objeotion to
confining it to a class for the convenience of
the Treasury operations. But this right to
obtain bank notes conveys another highly
important privilege which the publio have
heretofore lost sight of, bnt are now begin
ning to consider very attentively. The na
tional bank owns bonds which earn six per
cent, coin interest. These bonds are deposi
ted in tbe Treasury, where they continue to
earn interest for the bank just the same as
before. The bank at the same time reoeives
the corresponding amount of bank notes from
the Treasury and lends them to its customers,
charging five, six, or seven per cent, interest
on them. The bank thus earns a double in
terest on a single capital first the interest on
the bonds, and next the interest on the notes.
It is this circumstance that constitutes the
aggravation of the monopoly; it is this oir
camstance that makes the monopoly a subsi
dized monopoly. Against this subsidized mo
nopoly, as against subsidy and monopoly in
every other shape and form, the publio has set
To avoid the monopoly of the banks it is
evident that the right to obtain the bank
notes on a pledge of bonds should be open to
ail classes and individuals alike. To avoid
and end the subsidy which tbe banks have
been drawing from tbe community at the
rate of eighteen or twenty millions in coin
per annum, it is evident that the bonds
pledged as security ior notes should cease to
draw interest while in tne hands oi the i'rea
sury; or, in other words, that no one should
be allowed to obtain notes from the Treasury
except on payment of interest, precisely the
same as if they obtained the notes from any
other source. But as, of course, no one would
borrow notes from the lreasury and pay in
terest for them unless he had the privilege of
returning the notos when no longer wanted,
it wonld become necessary to make provision
for getting . buck the bonds whenever the
owner wanted them. Out of these conside
rations has grown the plan which, under the
name of "convertibility of bank notes and
bonds," has had a very general discussion in
financial circles for the last year or two, and
has met with very considerable approval,
though also with strenuous opposition.
This is not the occasion to discuss the
merits of the plan. It is sufficient to point
out that its chief object is to put an end to
the subsidized monopoly which the banks
now enjoy at the expense of the publio. Yet
it is under pretence of carrying out this plan
that the "large number of banks and baukers
of New York, representing two hundred
millions of capital," coolly ask for legislation
which shall not only oounrm their monopoly.
renew their subsidy, but aotually enable them
to take lour or nve aacuuonai millions an
nually out of the pockets of the people. It is
only another specimen of the tricks and de
vices and frauds to wnicu monopoly is inva
nabiy driven in its enorts to maintain or
aggrandize it&elf in defiance of a thoughtful
publio opinion or a watchful publio press.
HORTICULTURAL TRIP TO CALIFORNIA.
LECTURE FOR THE HENEFIT OF THE HOR
THURSDAY EVEN I NO, April 13,
I?v How. M. P. WILDER, o Boston.
Descriptions of the Vineyards, Pear Orchards,
Grain and btock Farms, tseuu- iropicai Fruit Cul
ture. Scenery, and bocim ure or California.
TICKETS, FIFTY CENTS, for Beats la front half
of Hail, to be obtained at II. A. Dreer'a, No. 114
Chetmut street, and Gould & Fischer's, No. Hi Che
but street. 4 11 8t
gy NORTHERN UnKRTIES AND PENN
TOWNSHIP RAILROAD CO., Offlce No. 82T
8. FOURTH Street.
Fiiilapklfbia, April 11. 1ST1.
The Annual Meeting of the .stockholders of this
Company, and an Election forOinoers to serve for
the erioning year, will be hold at the Office of the
Company, on MONDAY, the lot dut of May next, at
11$ oc.iocs. A. M. ALBERT FOSTEK,
4 lint Secretary.
SCHUYLKILL AND SUSQUEHANNA RAIL-
ROAD COMPANY, Oillco, No. S2T South
Philadelphia, April 10. 1RTI.
' The Annual Meeting of the Stockholders of this
Company and an Election for President and six
Managers will take place at the Office of the Com-
pRuy on MONDAY, the 1st day of Mav next, at IS
O CIOCK m. AL.Ub.UX JTf KS1KK,
4 1 8w Secretary.
ty THE ANNUAL MEETINO OK THIS
' MocKholders of the BAR EH SILVER MINING
COMPANY, of Colorado, will be held at the offlue
of the company on THURSDAY, April SO, 1971, at
12 o'clock, noon, for the election of directors, and
for (he transaction of such other hsslness a may
be arrmea necessary. JOUM vviusr,
4 10 lot Secretary.
t&s- OFFICE OF THE FRANK LIS FIRE IN
w SURANCE COMPANY,
PlIILAPKI.PniA. AdHI 3. 1S71.
At a meeting of the Board of Directors, held tilts
(lav, a QUARTERLY DIVIDEND of RIUHT DOL
LARS per share was declared, PAYABLE IN GOLD
to me STocKnoinera on and after tne iron infant,
clear or all taxes. J. W. McALLlSTKlt,
4 4 lit Secretary.
TUE CHEAPEST AND
IN THE WORLD,
BEST II AIR DYE
Harper's Liquid Hair Pye Never Fades or
will change gray, red. or frosted hair, whiskers, or
moustache to a beautiful black or brown as soon as
applied. Warranted, or money returned. Only 60
cents a bos. Sold by all Druggists. 8 23 tuthstim
Rfflr THE UNION FIRS EXTINGUISHER
COMPANY OF PHILADELPHIA
Manufacture and sell the Improved, Portable Fire
Extinguisher. Always Reliable.
D. T. GAGB,
I 60 tf Ho. 118 MARKET St., General Agent
fgy- DR. F. R, THOMAS, No. 911 WALNUT STn
formerly operator at the Colton Dental Rooms,
aevotea his entire practice to extracting teeth witn-
ont pain, witn iresn nitrous oxiue gas. 11 1
rsVV THUKSTOWS 1VOKX fUAKU TOOTH
POWDER is the best article for cleaning and
preserving tho teeth. For sale by all DrugirUts.
Price 2S and 50 centa ner bottle. 11 ?a stnttuy
mil L I it v. I ' r 1 1 ui.a.t
Patients treated gratuitously at this
daily at 11 o'clock.
Comprises the following Departments:
Harvard College, the University Lectures, Divinity
School, Law School, Mellcal School, Dental School,
Lawrence Scientific School. School of Mining and
Pratical Geology, Bussey Institution (a School of
Azrleulture aDd Horticulture), Botanic Garden, As-,
tronomical Observatory, Museum of Comparative
Zoology, Peabody Museum of Archaeology, Episcopal
Tbe next academic year begins on September 23,
The first examination for admiuslon to Harvard
College will begin June V9, at 8 A M. The second
examination for admission to Harvard College, and
the .examinations for admission tJ the Solenttliu
and Mining 8chools,; will begin September S3. The
requisites for admission to the College have been
changed this year. There is now a mathematical
a'ternative for a portion of t he daisies. A circular
describing the new requisites and recent examina
tion papers will be mailed on application.
I NIVERSITY LECTURES. Thirty-three courses
In 1S70-71, of which twenty begin In the week Feb
ruary 12-19. These lectures are Intended for gradu
ates of colleges, teachers, and other competent
adults (men or women). A circular describing them
will be mailed on application.
THE LAW SCHOOL has been reorganized this
year. It has seven instructors, ana a library or
16,( 00 volumes. A circular explains the new course
of study, tbe requisites for the degree, and the cost
of attending the school. The second half of the
year begins February 13.
For catalogues, circulars, or Information, ad.
dress J. w. HARRIS,
s 6 8m Secretary.
D G E H I L L
MEKCHANTVILLE, N. J.,
Four Miles from Philadelphia.
Tbe session commenced MONDAY, April 10,
For circulars apply to
Rev. T. W. CATTELL.
rpHE REV. DR. WELLS'
BOARDING SCHOOL FOE LITTLE BOYS
From Six to Fourteen years of age. Address the
Rev. DR. WELLS,
8tStuthB2m Andalusia, Pa.
The elegant building known as
THE EX. ELSIOR NORMAL INSTITUTE,
located at Carversvllle, Bucks county, Pa., two
miles from Bull's island Station, on the Belvldere
Railroad, will be opened to accommodate CITY
BOARDERS Irom July 1, 1871, to September 1. For
healthfulness of location and beauty or surrounding
scenery this Institution can hardly be surpassed.
Those wishing to bring their own teams into the
country can be accommodated with stables, sheds,
and feed at reasonable rates.
The proprietor will be found at the Merchants'
IJoteL THIRD Street, above Calluwhill, on SATUR-
DA 1'S, AprU IS and 22, from 10 o'clock A. M. to 2
o'clock P. M., when an Interview may be had.
For terms, eta, address
S. S. OVERHOLT.
Carversvllle, bucks County, Pa.
B. REIFF, Nos. 130 and 133 South Front street.
AM ASA MAY,
Nos. 716 and 717 Market street. 4 7 13t
' WHISKY, WINE, ETO.
CAR5TAIR3 & McCALL,
To. 126 Walnut and 21 Granite Sts.,
Erardiei. Wines, Gin, Olive Oil, E:c,
WHOLESALE DEALERS IN
PURE RYE WHISKIES,
IN BOND AND TAX PAID. 235
H. S. TARE & SOW'S
Carved and Ornamental Marble
Street above flerenth,
Just received, a Lige Assort
meat or tne Latest styles
WM.M. CHRU TY,
Stationer and P later,
No. 187 S. THIRD Street,
1 22 eod3
Opposite airata Book.
An Elegant Residence,
AT CHE8NUT HILL.
Desirable location, a few minutes' walk from depot.
D. T. FRATT,
Na 10S South FOURTH Street
XI. .7 . DOBBINS,
1 BUILDER, OFFICE, NOS. B and 8 LEDGER
BUILDING, oirers for sale the follow lng properties
at reduced prices:
No,l. Handsome four-story Brown Stone Resi
dence, with mde-jard, situated Na 1917 Oaesnut
street, finished with all modern conveniences. Built
by the day without regard to cost. Lot 4i by 179
feet deep, to a back street. Clear of all incumbrance ;
will be sold a bargain.
No, 2. Elegant three-story Brown Stone Resi
dence, with ManRard Roof, situated west side of
Broad, above Master street. Very commodious;
finished with all modern conveniences. Built in a
very superior manner. Lot 5J by 20 feet deep to Car
Na 8. Neat three-story Brick Dwelling, with side
yard, No. 1413 North Eighteenth street, above Mas
ter, containing ten rooms, with all modern conveni
ences; will be sold below cost.
No. 4. Lot west Bide Broad, 66 feet above Vine, 73
feet front, 193 feet deep to back street; will be sold
so as to pay well for Investment.
Also, lot west side of Broad, above Thompson, 95
feet front, 200 feet deep, to Carlisle street, with
brick stable for four horses.
No, R. A Cape May Cottage, located on the beach ;
Is large and commodious; If not sold will be rented.
No. 6. A good Farm In Richland township, Bucks
county, containing 93 acres, with good Improve
ments. 4 7 tf
SALE OF THE ATSION ESTATE.
AluUT 29,000' ACRES OF LAND, TO BE SOLD
AT PUBLIC AUCTION. AT THIS W ta l JKKSKY
HOTEL, CAM PEN, N. J., ON MAY 6, 1S71, AT
1 O'CLOCK. P. M.
TO SPECULATORS IN LAND. PROJECTORS OB
TOWNS AM) IIAITTAUISIH UKMMlAUUY, A
RARE OPPORTUNITY FOK INVJiSTMifNT IS
A FARM or about 700 acres, with extensive In
provrnients, Is Included.
SEVERAL MILLS and additional mill and manu
facturing Bltef are ou tho property.
RAILROADS traverse tne entire lengtn or the
ATSION station is the point or junction or
TOWNS and SETTLEMENTS may bo favorably
THE CEDAR TiAit5D.it is or consiaeraoio vaiue.
CRANBERRIES, GRAPES, SWElCr POTATOES,
HOrs. etc., cau be very successfully cultivated.
GOOD titlk win ne niaae to tne purcnaser.
SEND FOR A PAMPHLET containing partlcu
lars, and apply personally, or by mail, to
I' ITHU.' TVr tl 1 f I AC . L-nlnnn
8 24 87t No. 222 S. FOURTH St., Philadelphia.
TO INSURANCE COMPANIES, CAPITAL
ISTS, AND OTHERS.
BUSINESS PRORERTY, No. 427 WALNUT
Four-siory front, flve-Btory double bactt buildings,
occupied as offices, and suitable for an Insurance
company, 21 feet 9 Inches front, 124 feet deep.
S. KINGSTON M0CAY,
8 18t No. 429 WALNUT Street;
FOR SALE A BARGAIN
iXEUANT FOUR-STORY BROWN STONE
WITH SIDE YARD,
NO. 1917 CHESNUT STREET.
Also, the FURNITURE, which Is very handsome
and new, will be sold ror ijmjuu less tnan cost.
II. J. DOBBINS,
4 12 4t Ledger Building,
FOR SALE. AT GERMANTOWN-DE3I
RABLE SUMMER RESIDENCE, on Old Town
bi.ip Line road, near Cbelten avenue ; convenient to
depot, near to the Wlssahickon. Stone house, frame
barn, spring nouse. xrnit trees, good spring or water,
three acres ; one or tne coolest situations in u-erman
town, with one drive to tne city, will be sold fur
nished If desired. Apply on the premises, or at
JUSTICE. BATEMAN & CO.'S,
4 11 8t N0.122 8. FRONT Street
ft FOR SALE HANDSOME RESIDENCE
JLiiiPropertles, S. W. corner Broad and Thompson
streets, S. W. corner Seventh and Parrtsh streets,
No. 64S York avenue, No. 609 Green street, and
many others. DANIEL M. FOX & SON,
4 7Ct No. 640 N. FIFTH Street.
GOOD BUSINESS STAND TO LET,
SUITABLE FOR ANY BUSINESS.
Store and T3"velliug:,
SOUTHWEST CORNER OF SIXTEENTH AND
Apply on premises
FOR REN T
S FURNISHED COTTAGE AT LONG BRANCH,
Situated on CHELSEA Avenue, within a short
distance and having a tine viotv ef the ocean;
fJnisbed In the best style, with all the modern im
provements bath-room, hot aifd cold water, sta
tionary wash-stands on second lloor, and gas in all
the rooms. The mrniture is or tne nest cuaracter,
with velvet and tapentry carpets, and everything
necessary to commence housekeeping at once.
Apply tO CIIAKi.KN ji. masu;i,
No. 32 N. SIXTH Street,
or No. 156 W. FOURTEENTH Street,
4 1! 4t New York.
fF? FOR BENT. A HOUSE IN CHELTEN
LiilHAM. Furnished or unfurnished. Within five
minutes' walk of City Line Station, North Pennsyl
4 7 tf R. J. DOBBINS, Ledger Building.
LOOKING CLASSES, ETO.
NEW ROGERS CROUP,
"RIP VAN WINKLE."
All Chromr b sold at 25 per cent, below regular rates.
All of Prang's, Hoover's, and all others.
Send for catalogue.
ALL NEW 8TYLES,
At the lowest prices. All of our own manufacture.
JAMES 8. EAR LIZ & SONS.
No. 816 CHESNUT STREET.
100 OASES CIIOICE CONNECTICUT
CroplS69. For sale by
DAVID L. KETLER,
Nos. 60 and 62 South FOURTH Street,
4 7 iron Philadelphia
ir'WARBURTON'S IMPROVED VENTILATED
iLiaud euay-nuing DRESS HATS (patented), In all
the Improved fahliioDH or the Benson. CULE2NUT
Street, nut door to the rot Oiflce. rpi
SAFE DEPOSIT OOMFANIE
FOK INSURANCES ON
Office No. 304 WALHUT StreL
INCORPORATED MARCH 10, 1812.
BTJEPLUS UPWARDS OF $750,000.
Receive money on deposit, returnable on demand.
for which Interest n allowed.
nd under appointment by Individuals, corpora
tions, and court, aetns
EXECUTORS. ADMINISTRATORS, TRUSTERS,
GUARDIANS, ASSIONEKS, COMMITTEES,
RECEIVERS, AGENTS. COLLECTORS, ETC.
And for the faithful performance of Its duties as
such all Its assets are liable.
CHARLES DUTILII, Pjesldent.
William B. Hill, Actuary.
diaries Dntilh, .Joshua B. Llpplncott,
Henry J. Williams, Charles 11. Hutchinson,
William N. vaux, L.iniiiey sniTtn.
John R. Wucherer, George A. Wood,
Adotph F. Porie, lAnthony J. Antela
Alexander Blddle, Charles 8. Lewis,
gECURITY FROM L083 BY BURGLARY
KOBBEKY, JflKE, OK ACCIDENT. .
The Fidelity Insurance, Treat ad
Safe Deposit Company
New Marble Fire-proof Building,
Nos. 829-831 CHEsNUT Btreet.
Capital subscribed. H.OoO.ooo; paid, 1700,000.
COUPON BOND8. STOCKS. SECURITIES.
FAMILY PLATE, COIN, DEEDS. and VALUABLES
of every description received for safe-teeplng, under
guarantee, at very moderate rates.
The Company also rent SAFES INSIDE THRTR
BURGLAH-PROOS' VAULTS, at prices varvlnir irom
tic to 176 a year, according to size. An extra bIm
for corporations ana uanKers. Rooms and doaks
adjoining vaults provided for Safe neuters.
DEPOSITS OF MONBV RECEIVED ON INTB
REST at three per cent, payable by check, wlthoa
notice, and at lour per cent., payable by check, o
ten days' notice.
TRUST FUNDS AND INVESTMENTS kept
SEPARATE AND APART Ir im assets of Company.
INCOME COLLECTED and remitted for one
The Company act as EXECUTORS, ADMINIS
TRATORS, and GUARDIANS, and KEOE1VE and
EXECUTE TRUSTS of every description, from the
Courts, Corporations, and Individuals.
N. B. BKOWNE, President
O. 11 CLARK, Vice-President.
ROBERT PATTRBPON, Secretary and Treasurer.
N. B. Browne, . Alexander Henry ,
Clarence H. Clark,
Stephen A. Caldwell,
weorge v: ryier,
Henry C. 'libson,
Edward w. oiariE,
j. urnungnam ten.
Henry Pratt McKean
5 13 rmwl
THE PHILADELPHIA TRUST.
OFFICE ANO BUKdI.AK-PROOF VAULTS IT
THE PHILADELPHIA BANK BUILDING,
No. 421 CHESNUT STREET.
For Sapk-kkepino or &ovkknmbnt Bonds and
other Sbcukitibs, Family Plate, Jewelry, and
other Valuables, nnder special guarantee, at the
The Company also offer for Rent, at rates varying
from 1 10 to tiiSper annum, the renter holding the
key, SMALL SAFES IN THE BUKQLAR-PROOF
VAULTS, affording absolute Security against Fins
Tekkt, Burglary, and Accipent.
All fiduciary obligations, such as Trusts, Guar
dianships, Executorships, etc., will be undertaken
and faithfully discharged.
AU trvst investment are kept separate and apart
from the Company's assets.
Circulars, giving full details, forwarded on appli
Benjamin B. Comeim.
Lewis R. Ashhurst,
J. Livingston Erringer,
R. P. McCullagh,
Edwin SI. Lewis,
James L. Clachorn.
F. Katctiford Starr,
Daniel Haddock, Jr.,
Edward Y. Townsend.
John D. Taylor,!
Hon. William A. Porter.
President LEWIS R. ASHHURST.
Vice-President J. LIVINGSTON ERRINGER.
Secretary R. P. McCULLAGH.
Treasurer WM. L. DUBOIS. S Sfmwt
COMMON COUNCIL OF PHILADELPHIA.
Philadelphia, March 17, 1871. J
In accordance with, a Resolution adopted by
the Common Council of the city of Philadelphia
on Thursday, the sixteenth day of March, 1871,
the annexed bill, entitled, "An ordinance
creatine a loan for the extension of the
"Water Works," is hereby published for public
Clerk of Common Council.
AN ORDINANCE CREATING A LOAN FOR
THE EXTENSION OF THE WATER
Section 1. The Select and Common Councils
of the city of Philadelphia do ordain, That the
Mayor of Philadelphia be and he is hereby
authorized to borrow at not less than par, on
the credit of the city, two million one hundred
and twenty-two thousand dollais for the further
extension of the Water Works. For which Inte
rest not to exceed the rate of six per cent, per
annum, shall be paid half-yearly, on the first
days of January and July, at the otlice of the
The principal of .said loan shall be payable
and paid at the expiration of thirty years from
the date of tbe same, and not before without
the consent of the holders thereof; and tbe
certificates therefor, in the usual form of the
certificates of city loan, shall be issued in such
amounts as the lenders may require, but not for
any fractional part of one hundred dollars, or,
if required, in amounts of five hundred
or one thousand dollars; and it shall be ex
pressed in said certificates that the loan therein
mentioned and the interest thereof are payable
free from all taxes.
Section 2. Whenever any loan shall be
made by virtue thereof, there shall be by
force of this ordinance annually appropri
ated out of the income of the corpo
rate estates, and from the sum raised by
taxation, a sum sntlicicnt to pay the interest on
Bald certificates; and the further sum of three
tenths of one per centum on the par value of
such certificates so issued shall be appropriated
quarterly out of said income and taxes to a
Binklng fund, which fund and its accumulations
are hereby especially pledged for the redemp
tion and payment of said certificates.
TO PUBLISH A LOAN BILL.
Reaolved, That the Clerk of Common Coun
cil be authorized to publish in two dally news
papers of this city dally for four weeks the
ordinance presented to Common Council on
Thursday, March 16, 1871, entitled "An ordi
nance creating a loan for the extension of the
Water Wot kg." And the said Clerk, at the
slated meeting of Councils after Bald publica
tion, eh all prebeut to this Council one of each
of said newspapers for every day in which the
same ehall Lave been made. 3 17 211
THE ST. C L. O U U ."
his new elegant and commodlsnB flmt-claga Hotel,
oi ARCH Street, above SEVENTH,
Terms, $3 psr dav.
4 1 tm O. W. H CLLIN & BKO., Proprietors.
IOHN FARNI M & CO., COMMISSION MER
chants and Manufacturers of t'ouestufta Tick
ing, etc etc., No. fli CUK3NLT Street, PUlialcl-pkia,