srxh.it or mass. Qf - Library of Congress › lccn › sn83025925 › 1870-12-23 › … · Mr....
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sr xh.it or txxs mass. Editorial Opinions of the Leading Journals tponCurrent Topics Compiled Every Day for the Evening Telegraph. . TWO WAYS TO SOLVENCY. From the A. Y. Tribune In tbia day of wide-sprea- d venality and of (sweeping charges of corruption, it might be deemed remarkable that no whisper of re- proach or suspicion baa sought to tarnish the pood name of the Secretary of the Treasury. Many are from time to time impelled to dis- sent from one or another of bis suggestions, bnt no man has hinted a doubt of hw perlect integrity. If there be opportunities afforded by bi3 high position to enrich its holder, the whole country knows that he has never sought to profit by them. With millions subject to Lis will, be will leave the office poorer than be entered it. And bis unsparing hostility to every form and shade of repudiation, bis championship of early resumption, and bis manful resistance to the demagogue race for precedency in diminishing the revenue and thus arresting the payment of the na- tional debt, have justly given him a strong bold on the confidence and support of the better portion of the American people. When, therefore, we are constrained to disRent from any feature of Mr. Boutwell's policy, we do it with profound reluctance, lint the close of a year affords an excellent opportunity for a new departure; and we re- turn to the subject of the Treasury surplus with an earnest hope that the Secretary may be induced to review and revise his action on this head. Mr. Boutwell has now been for nearly twenty-on- e months the manager of the national finances; and he has meantime re- duced the national debt by little less than two hundred millions of dollars. This is, so far, excellent. But suppose he had paid still faster, especially in the outset, when each million of coin in the Treasury would have bought considerably more bonds than it now will bad converted all his surplus above ten millions into bonds within the first quarter of his administration, and had thenceforth kept the Treasury as nearly empty as was consistent with the prompt adjustment of every liability, the debt must have been re- duced, ere this, at least one hundred millions more than it has been, and the same less the surplus ia the Treasury from ' ten to twenty millions. The interest which has since ac- crued on the hundred millions that he might Lave paid off at the outset mast be nearly or quite ten millions; the saving in the price of the bonds purchased could have b6en little less. And what loss would have balanced this large gain ? Mr. Boutwell doubtless believes that the coin in the Treasury facilitates and serves to hasten a safe resumption. We regard it, on the contrary, as the chief obstacle to an early resumption. Let ns try to make this plains-Sup- pose there are in Cleveland or Toledo two banks we will call them the First and the Second National whereof each has a capital of one million, with circulation and deposits to the extent of one million and a half. Their liabilities, immediate and ulti- mate, are therefore perfectly equal. One of them has no specie to speak of; but it has $100,000 in greenbacks, $100,000 on deposit and subject to draft in New York, and the rest of its assets in the shape of good drafts drawn against produce shipped to this city, whereof about $23,000 falls due daily for the next hundred days. This bank call it the First National in our view, ia perfectly ready to resume specie payment, though its specie is of no account. The other which we have called the Seoond National has $300,000 in coin in its vaults, with $2000 in greenbacks to- gether equal to a third of its total liabilities, except to its stockholders. But this bank Las loaned its funds maiuly to its directors and their cronies, who have invested them in wild lands at the far West and grand houses wherein they severally reside, and so are utterly unable to pay their notes otherwtae than by giving new ones, ibis bans is in- solvent, in spite of its plethorio vaults, and will collapse under the first serious trial of its strength. All this, we assume, is tinth familiar to men of business; yet it seems to ns ignored by Mr. Boutwell in his hoarding policy. If nobody else wanted gold for paper, the Treasury holds far too much of it. Were it to resume it would probably be drained in a week, not because its stock of coin is so slender, but because so many have a profitable use for the article. . What is needed to enable the Treasury to resume without balk or trepidation is an abun- dance of gold in the hands of those who need or can profitably use it, with a security ready to be exchanged for th Government demand obligations, which will generally preferred to gold. Suppose, for example, no one wanted gold to ship, while an American oonsol ready to be issued ranged one-ha- lf per cent, above par, with thousands eager to invest in it. The Secre- tary gives notice, "I am ready to give coin for greenbacks, or I will redeem them in the American consol" how many would ask for gold? and how much in all would they ask for? Who does not know that the demand for gold would be trifling ? There is some specie really needed, evn under suspension. When the supply is boun- tiful and the need slender, the demand is easily met. But every dollar hoarded by the Treasury diminishes the supply and in- creases the urgency of the demand. One hundred millions dead in the Treasury in. creases the premium on gold by diminishing the supply in open market and increasing the dimoulty of satisfying the demand. Whatever the amount in the Treasury, be- yond ten millions at most, we insist that it should be promptly and rigorously applied to the reduction of the debt. Even if the trea- sury should be five to ten millions short when a quarter's interest falls due, it could borrow that sum for a few days from the banks of this city they knowing full well that it would return to their vaults so soon as paid out of the Treasury. When we shall have resumed, greenbacks will be taken as gold at the custom houses, and thus our chief need of coin obviated. Oar ouly peril is a vast foreign demand; but a country that produoes sixty to seventy millions of specie per annum ought not to be easily broken. All we need is to reduce our current purchases of other nations to seven millions per week while we sell tlitia to the value of ek;ht millions, and resumption will come of itself. A foreign demand might possibly drive us back iuto suspension; but the domestic call for specie never would, unless inflamed by senseless Hoarding on tne part or the Treasury. Can we be wrong in these views? If net, Kbonld not the Secretary reconsider? AMNESTY IN CONGRESS. Frtm the V. Y. Hints. Three different opinions on the subject of au.iitity exist among the Republican mem THE DAILY EVENING TELEGUAl'11 PHILxVDELPIIIA, FRIDAY, DECEMBER 23, 1870. bers. There are, in the first place, opponents of amnesty in all shapes, save that of excep-toin- al legislation relating to speciflo cases. Opposition from this quarter assumes that the South is still not many degrees removed from rebellion that hostility to the autho- rity of the Union prevails to an extent which renders the continuance of disabilities indis- pensable. In the next place, there are advo- cates of complete amnesty, who bold that the time has come when the last vestiges of the Bebellion may safely be removed. In support of this idea it is contended that re- construction has brought the South into the full fellowship of the' Union, and that all causes of animosity and irritation should be obliterated. Among these causes, it is alleged, the maintenance of disabilities is especially prominent, and their total and immediate removal is demanded as a poace-offerin- g no less than as an act of justice. Lastly, there is a class strong by reason of intellect and character, which insists that the ltepubhcan party is pledged to as perfect a measure of amnesty as present circum- stances render expedient. The members of this class object to unqualified amnesty as undesirable, and to the postponement of all amnesty as unjust, and contend that the country is now prepared for a measure which shall limit disabilities to a very small circle. Mr. Bingham, who is a fair representative of this class, declares that the proposition which he and those who act with him aro prepared to support would limit the operation of the disabilities imposed under the fourteenth amendment to some two hundred persons only. That would bring us near enough to general amnesty to satisfy the generous in- stincts of the people and fulfil the promise of the Republican party, and at the same time would provide for the exclusion from public offices of those on whom mainly rests the responsibility of organizing the Rebellion. General Butler's bill, the immediate occa- sion of the debate in the House, doe3 not commend itself to the favor of any of the classes we have enumerated. It goes too far for some not far enough for others. It con- cedes the desirableness of amnesty; yet is so loaded down with exceptions as to render it a blow in disguise. It makes amnesty a pre- text for interrupting the coarse of justice for stepping into courts, staying suits in pro- gress, and denying to private citizens that redress for wrongs which the Constitution guarantees. So many influences are j ust now at work, governing the action of individual members, that it is not easy to say in advance what combinations may not effect for Gene- ral Butler's plan. The extremists on either side occupy very weak ground. The unyielding opponents of amnesty are as unwise as its uncompromising champions. The middle course is that which is most consistent with the public interests. Mr. Bingham's amendment to General But- ler's bill relieves all on whom disabilities are imposed by the fourteenth amendment, except those who were officers of the United States in 18G0 or 1861, and those who in vio- lation of that amendment have held office since the first of June last. The effect would be to render eligible for public service all but an infinitesimal proportion of the Southern people, the excepted persons being those to whom the odium of encouraging and organizing the Rebellion more particularly attaches. It is not easy to disoover in an amnesty which is at once so nearly complete as to sat- isfy the national sense of justice, and so carefully qualified as to exclude probable causes of offense and evil, any real peril to public interests. Sooner or later such a measure must come why may it not be en- acted now ? The recent constitutional amend- ments have secured byond the reach of pro- bable accident the guarantees required to per- petuate the foundation of Southern recon- struction, and the national sentiment maybe relied upon to take care of the rest. More- over, Republican majorities in the States most familiar with disabilities have, one after another, almost entirely abolished them. The testimony thus supplied is conclusive as to the undesirableness of the disabilities over which the States most familiar with the work ins of the Rebel spirit retained control. The example thus afforded should not be without effect upon the action or congress in refer ence to the penalties which it alone can abolish. . THE FENWSYLVANIA RAILROAD COM PANY AND NEW YORK. From the Railroad Gazette. In some respect the great system of rail roads controlled by the Pennsylvania Com pany, which reaches New Orleans in the South, Denver in the West, and Daluth in the North, has suffered from the same defect as that of the "Joy roads: it has had no in dependent outlet to New lork. it is true that circumstances nave maae tnis defect less important, for not only is the New Y'ork and Philadelphia Railroad a short one, bnt ita operations are confined entirely to New Jer- sey, and it has sought for no extensions beyond the Delaware. Thus it has been ready to transport traffic for anv and all parties who might bring it to its line, obstinately and suc cessfully opposing tne establishment of any rival in New Jersey, and as obstinately re fusing to become the rival of any line outside of that State. So, if its requirements were somewhat burdensome to the Pennsylvania Company, they were no more so than they were to an otner companies. But whenever there has been competition between the great lines from New York to the West, the New Jersey Company, which shared all the advantages of the traffic over the Pennsylvania Railroad to New Y'ork, has refused to bear anv part of the labor or ex penso of securing it. When rates were re duced to non-payin- g prices, the New Jersey Company has insisted on receiving its regu- lar prices, and the dependent position of the Pennsylvania Company has compelled it to accede to its demands. The immense busi ness which the Pennsylvania Companv haj brought to the New Jersey road at Philadel phia has not been obtained without eff ort and expense. Agencies all over the,Union, a costly system of advertising, favors to ship pers and others who might influence tratfio. have had much to do in attracting this im- mense business, and the entire expense has been borne by tne Pennsylvania Company, The New Jersey Company ha,s quietly taken tne tramc ana us pay ior carrying it. Last spring, when there was a contest as to the capacity of tne different liQ68 for speed. and the Pennsylvania Company deemed it necessary to run a train between New York and Boston at the fastest rate possible, the New Jersey Company, which, by reason of ita low grades, straight line, and perfect track, is able to make as fast time as anv line in America, refused to change its schedule for this fast train, and required three hour and a quarter for the ninety miles between Philadelphia and New York for a train which came over the mountains from Pittsburg to Philadelphia at a more rapid rate. Yet this company shared whatever advantage wa to be gained by this fast traiu. So it has been continually. WUaUvar alvaaUga was tj be ained for both roads, the Pennsylvania has f een compelled to pay for. Thi-- t dependence for a New York outlet has led the lines through New Y'ork to assums an advantage over the Pennsylvania routs ia all negotiations between them. When the observance of certain conditions was pro- posed, and the Pennsylvania had accepted them for itself, but has said that it could not bind the New Jersey road, Commodore Van-derbi- lt would say, "Then you haven't got a line." It is reasonable to suppose that the Penn- sylvania Company has not been contented with the situation. But it was by no means easy to improve it. An outlet further north, by the "Allen town Line," may have been within its reach, but to use this it must turn its through traffic from its main line 10! miles west of Philadelphia, and in so doing take business away from instead of through Philadelphia, which it was built to serve, and which is a part owner of the railroad and chooses three of the directors, wjnilo sixteen out of seventeen of its directors are residents of that city and many of them intimately in terested in its prosperity, io obtain the hew York and Philadelphia road seemed well nigh impossible. It is the property of the "United Companies of New Jersey, which own, besides, the old Camden and Amboy R til-roa- d, and five shorter New Jersey roads, hav- ing a mileage altogether of 1(!." miles. They have a controlling interest in fourteen other New Jersey railroads, from 2$ to G'.t miles long, having in the aggregate a mileage of (.0 miles. They lease two other railroads with a total length of 01 miles. They own also the Delaware and Raritan Canal, C." miles long, one of the great coal carriers of New. Jersey. They operate 410 miles of railroad line, lOG of which has a double track. At the end of last year its property represented a capital of f r,;!,(i',):t,( 81. On the stock, amounting to more than $17,000,-00- 0, it has nsnally paid r per cent, dividends fierui-annuall- It is cow reported that the Pennsylvania Company hns leased this property, and will opeiate it in connection with its other lines. Reports of this kind are not to be accepted on mere rumor, bnt in this case there are circumstances which make it at least proba- ble that the report is true. The Pennsylva- nia Company has been making a general and minute examination of the property such as would enable it to understand its value and bargain for it intelligently. According to the report published in New lork, the Penn- sylvania Company is to have a permanent lease of all the lines owned by the united companies at a rental of $4,000,000, which is ten per cent, upon a valuation of $40,000,000. This is a very large sum to pay, but consider- ing the improvements which the united com- panies have been able to make while paying ten per cent, dividends, it is perhaps not in excess of the earnings or tne property here- tofore, while there is very little doubt that the Pennsylvania Company, with its thou- sands of miles of road in the West and South, can use the property to greater advantage than its present owners. SUMNER ON SAN DOMINGO. From the A. Y. World. Wednesday was a lively day in the Federal Senate. Mr. Sumner wns twice on the floor, and each time in a role winch is mildly cha- racterized by calling it sensational. Early in the day lie rose to a personal explanation in a matter which seemed big with a sup- pressed duel. The Patriot, the new Demo-crati- c paper at Washington, printed, Wednes- day morning, a statement that an unsuccess- ful attempt to make peace between the Sena- tor and the President had just miscarried by the stiff refusal of the President to entertain any proffers towards a reconciliation. He said that Sumner had traduced and belittled him in executive sessions of the Senate, in the street care, in bis lecturing tour in ihe West; and that if he (Grant) were not restrained by his official dignity he would call Sumner to a personal ac- count. According to the same report General Babcock, one of the President's confidential pets, said that he would chastise Sumner after the fashion of Brooks, if it were not for his intimate relations which might compromise the President. Mr. Sum- ner took a good way to advertise this article, and supplemented the account with some very piquant particulars. It seems that he knew of the intended publication two or three days ago. There was a great prelimi- nary flutter, and a running to and fro by news-monge- rs and quidnuncs to procure a contradiction to go forth with the article. Mr. Sumner gave these busybodies no satis- faction, because he had determined to put forth a denial in a more conspicuous and authentic way. lie made it appear that there is no colorable ground for a duel, and that the muzzled threats of one had proceeded upon a misapprehension of the facts. He appealed to Senator Morton and Secretaries Fish and Boutwell to support his assertion that he bad not Bpoken in unbefitting terms of the man whose great station enforces a kind of deference that could not very well be paid to his personal qualities. All which was very well managed to put expectation on tiptoe and draw attention upon the scathing speech the Senator was intending to driver against General Grant at a later hour of the dav. In due course of proceeding the San Do mingo job came up, when Mr. Sumner sailed into the debate like a frowning three-deck- er with every gun loaded to the muzzle. Broad- side upon broadside he poured into the Presi dent, accusing him of imitating Presidents lierce, imcnanan, ana Andrew Johnson la their worst and most fatal blunders. Sena tor Morton, who was the President's next friend on this occasion, kept trying to inter pose a word, or a question, to shield his patron rroin the cannonade; but to no pur- pose. Sumner refused to be interrupted, fin1 snncalail tr fHa maaiilinn nftiiav t tect him in his right to the fioor. lie told Morton that if he was the President s friend. he ought to go to him and dissuade him from the stupendous folly he was striving to comnjit. men, rising into a canamvs tnaora strain, Mr. Sumner directed his speeoh to the Vice-Preside- in a thrilling apostrophe to arrest General Grant on the edge of the fatal frecipice. Go to him, said Sumner to Colfax you who stand next in official dignity and in the favor of the Republican party, and w arn, entreat, expostulate, remon strate, and labor with him, and try, if pos sible, to save him, the party, the country, and the national honor, from the terrible plunge the misguided and stubborn man is bent on making ! This is such an appeal as was never before heard in the American Senate. It is asking the mate of the ship to seize and bind the captain and prevent his doing mischief, General Grant s namesake, Ulysses of old. caused himself to be bound to the mast by bis shipmates in passing between Scvlla and Charybdis lest the syrens should get the better of him; but even he, wise as he was, would not have brooked a mutiny by the crew to ac complish the same laudable object. This is war. Peace between Knoinsr and Grant there can be tine after such a spsech and explosion m the Senator has made. If such advice as he gave the Vice-Preside- nt is needed, the President is too evidently unfit to be at the helm; and as he is a man, with at least the average sensibility to affront and capacity for resentment, he can never forgive Sumner for this pitiless onslaught. So the breach widens between President Grant and the leading statesmen of his party. IS THE REPUBLICAN PARTY TO BREAK . UP ? From the X. Y. Sun. , Wide differences of opinion prevail in the Republican party on cardinal measures, namely, general amnesty, the repeal of the income tax, a reduction of customs duties, and the purchase of San Domingo; and these particular questions stand as the representa- tives of others of the same class and of cog- nate olasses on which like differences exist. Among those who dissent from the policy of General Grant on these subjects, so far as he can be said to have a policy, are some of the most distinguished members of the party, of whom Senators Trumbull, Sumner, and Schurz are samples. And the debates in both branches of Congress show that these differences of opinion are of so radical and irreconcilable a character that they cannot be bridged over by temporary expedients. What does all this mean, and what does it portend? The record, standing, and charac- ter of the men who take this independent position against the administration give as surance that they are in earnest, and intend either to compel it to cdme back to the old Republican ground, or to go into the mino rity in the country at large, and that by per sisting General Grant must run the risk of breaking the Republican party in pieces. Shall the party then be ruined, or will it make an effort worthy of the exigency to save itself from destruction? There is not a shadow of doubt that the leaders in this resistance to General Grant, together with the great body of the rank and hie who sym- pathize with them, are hostile to his reno rui nation for the Presidency. If, then, those Republicans who care more for principles (ban men, and who sincerely desire the har mony and continued supremacy of the party, would open a door for obliterating differences of opinion in its ranks, let them insist that there be an authoritative declaration from the proper quarter to the effect that under no circumstances is General Grant to be a candidate for This stumbling- - block removed, and the path is dear for a reunion among Republicans on matters about which thev are now at war. If this is not done, the breach will, widen, and the party fall a prey to its antagonists in the contest of 1872. Shall Grant or the Republican party go under ? That is the question. AN INDEPENDENT PHILADELPHIA SCHEME. Fvm the S. Y. Herald. Philadelphia, it appears, has resolved to establish an American line of Bteamers to Liverpool, and the wiseheads and capitalists of the coal and iron state nave combined upon this question. A railroad company is at the head of the movement, and the basis of success, it seems, is placed upon the capa city of the railroads to bring produce from the West at lower freights than the New Y'ork railroads are doing. Now, this is a question of competition between the railroads of the two States, and they will have a good deal to say to the success of the new transatlan tic line. That New York has no American line of steamers running from this port to Europe is a deplorable fact. It is more than this it is a reproach to our spirit of enter- prise. If Philadelphia is fortunate enough to establish a paying line, so much the better. However, the scheme seems to be at present to a certain extent inchoate. No company has been organized, but at the same time there seems to be considerable capital rea lized by (subscription. The Pennsylvania Railroad Company, who are the controlling spirit?, subscribed four hundred thousand dollars, and the Board of Trade contributed on behalf of the merchants of the city half a million dollars. It is proposed to build four iron steamers of two thousand eight hundred tons, two or them to be con structed at Wilmington and two on the Delaware somewhere contiguous to Phila delphia. AH this looks as if our provincial neigh- bors meant something practical. The funny part of It is that the projectors or the scheme are so determined that it shall be a Philadel- phia enterprise pure and simple that they have resolved that the village or Iew York shall have no hand in it. New Y'orkers, we presume, cannot even bay stock in the com pany when the company is formed; yet it is not at all unlikely that New Y'ork capital will take a band in, and a pretty full one, too, if the enterprise carries any color of sacoesa about it. It is an excellent thing to see the prospect of an American line of steamships, built in our own ports and carrying our own flag, sailing once again upon the Atlantic If this enterprise succeeds the whole country may well be proud of it. But what has New York to say in the matter ? Is she going to play the laggard lorever i . SPECIAL. NOTICES. ...V- - AMERICAN LIFE INSURANCE COM- - PANY, WALNUT Street, southeast corner of ton rtn. NOTICE. The Annual Meeting of the Stock holders of this Company, for the election of Thirteen Trustees to serve for ta ensuing year, will be held at the (mice on MONDAY, January 8, 1971, between 10 A. M. and 18 0 clock noon. 12 si lot JOHN S. WILSON, Secretary. OFFICE UNION MUTUAL INSURANCE COMPANY, N. E. corner THIRD and WAL NUT Streets. Philadelphia, Dec. IT, 1970. The Annual Meetinsr of the Stock and Strip- - holders of the Company, and the Annual Election for Directors, will be held at the ofilce of the Com pany at 12 o'clock M., on MONDAY, January 9, 1971. i .1 , Tn I h 1 1 K7 II1I1C Uoiipatop. OFFICE PHILADELPHIA AND TKEX- - TON RAILROAD COMPANY. Philadilphia. Dec. 19. 1970. The annual meeting of the Stockholders of, this jno. tti bouia on MONDAY. lock P. M.. when an election will be held for twelve Llrectors to serve 12 19 tJ . Assistant Secretary. FAEMKKS' AM) MECHANICS' NA- - TinNAI. HANK. Philadelphia. December 8. 18T0. The annual election for Directors of tnls Bank viii i, hHirt at the BanklDK House on WEDNES DAY, the 11th clay of January next, between the hOUrS 01 11 O ClOCk A. m. onu i v t luv i . m. 12StjU W. RUSHfQN, Jr., Cashier, Blrv COMMONWEALTH NATIONAL BANK. PuiLADKLrHU. December 9, IS70. for Directors of this Bank The .... annual . .. . election . .. . I. i , 1 rrirojTiA V Will be neill at inn vauiuig auuio uu iwmoL'a, the 10th day of January next, between the hours of 11 o'clock A. 11. ana s o cum: r. m. 12 9 fto. tjio H. O. YOUNG, Cashier. SOUTH WAR K NATIONAL BANK. a" PHILADELPHIA. Dec. 10. 1S70. The annual election for Directors will be held at the Banking-hous- e on TUESDAY. January 10, 1S71 between the hours of 10 o'clock A. M. aud 11 o'clock bl. 18 18 inwf t J 10 P. LAM B, Cashier. Bt- - JOUV1NS KID GI.OVB CLEANER b n',1 druauUU and Unci rood dealers. Price fj ceutsier Loitle. ltWmwfJ SPECIAL NOTICES. Qf PHILADELPHIA AND UK AD I NX RAIL koad comfani , oracc no. 2si 5. fourth Street. Pbimpblphia, Nov. 30, 1970. DIVIDEND NOTICE. The Transfer Books of this Company will be clos on Wednesday, the ltth.of December next, and r opened on Tuesday, the loth of January, 1971. A dividend of FIVE TEU CENT, has been de- - clared on the Preferred and Common .Stock, clear of State tax, payable In cash on the STth of Decem ber next to the holders thereof, as they shall ataa registered on the books of the Company at the close of business on the 14th of December. AIL payable at this ofilce. All orders for dividends must be witnessed and stamped. s. BRADFORD, HI 6w Treasurer. jy- - OFFICE OF THE PENNSYLVANIA MA1LKUAU UUail'AINY. PnaiDKLPnu, November!, 1S70." NOTICE TO STOCKHOLDERS. The Board of Directors have this day declared a semi-annu- al dividend of FIVE PERCENT, on the Capital Stock of the Company, clear of Nat ional and State taxes, payable In cash, on or after November 80, 1970. Blank powers of attorney for collecting dividends can be had at the office of the company. The office will be opened at 8 A. M. and closed at 8 P. M., from November 80 to December 8, for the payment of dividends, and afterthat date from 0 A. M. to 8 P. M. THOMAS T. FIRTH. 1112m Treasurer. jgy- - CAMBRIA IRON COMPANY. THE AN- - nual Meeting of the stockholder! of the Cambria Iron Company will be held at their ofilce, No. B13 South FOURTH Street, Philadelphia, on TUESDAY, the 17th day of January next, at 4 o'clock P. M., when an election will be held for seven directors to serve for the ensuing year. JOHN T. KILLE, Secretary. Philadelphia, December IT, 1970. 13 IT im PHILADELPHIA AND READING RAIL- - Street Philadelphia, Dec. 13. 1870. Notice Is hereby Riven to the Stockholders of this Company that the annual meeting and election for President, six Managers, Treasurer, and Secretary will take place on the second MONDAY (9th) of January next, at 12 M. WM. II. WEBB, ia ia tjan secretary . hS,y OFFICE BUCK MOUNTAIN COAL COM- - PANY, NO. 820 WALNUT Street. PHILADELPHIA, Dec. 14. IStO. The Board of Directors have declared a Dividend of THREE PER CENT., clear of state tax, payable on me xan inBi. Traosfer Books will close on the 20th lost, and reopen on the2Sth. F. H. THOTTEK, I'i 14 wimut Treasurer. OFFICE ST. NICHOLAS COAL COMPANY. No. 205M WALNUT Street. The Board of Directors of the St. Nicholas Coal Company have this day declared a dividend of THIRTY CENTS per share, clear of State tax, pay able on January 8, i8ti. Tne transrer dooks will be closed from December 21 to January 8, 1971. it. Johnston, Treasurer. Ph iladei.phia, December 21, 1870. 12 si 9t Bfgy- - CORN EXCHANGE NATIONAL BANK. The Annual Election for thirteen Directors' of this bank will be held at the Banking House, on TUES DAY. January 10, lSii, between tne hours of 10 o'clock A. M. and 2 o'clock P. M. H. P. SCHETKY, 12 0 ftu tjio cashier. CHRISTMAS DINNER FOR THE POOR. A Dinner will be givea to the Children of the Sabbath and Day Schools of the BEDFORD STREET MISSION, on CHRISTMAS DAY (Monday), at 18 o'clock, at the Mission-hous-e, No. 619 BEDFORD Street Donations In Money, Poultry, Provisions, and Clothing thankfully received by the undersigned. Donations towards the erection of a Building on the South street front of Lot earnestly solicited from our Benevolent Citizens. All friends of the Cause cordially invited. Edmund S. Yard, No. 2(9 Spruce street Jambs L. Bispham, No. 710 S. Second street. Jacob II. Burdsall, No. 1121 Chesnut street. Gkokgk BIillikek, No. 823 Arch street Charles Spencer, No. T Bank street. Oeokoe Perkinpine, No. DO N. Fourth street Edmund A. Johns, No. 413 Arch street W. H, Heisi.er, Seventh National Bauk, Fourth and Market streets. 12 17 swtlif 4t TEev. John D. Long, No. 619 Bedford street R- B- TURNERS UNIVKK8S li NEUR&LWA PILL IS an UNFAILING REMEDY for Neu-ralg- la Facialis. No form of Nervous Disease falls to yield to its woncieriui power, tven in tne severest cases of Chronic Neuralgia its use for a few days affords the most astonishing relief, and rarely falls to produce a complete and permanent cure. It con- tains no materials In the slightest degree Injurious. It has the unquallUed approval of the best physi- cians. Thousands, in every part of the country, gratefully acknowledge Its power to soothe the tor-lur- ed nerves and restore the failing strength. It Is sold by all dealers in drugs and medicines. TURNER A CO., Proprietors, 9 29 DiwH No. 120 TREMONT St, Boston, Mass. S NOTICE IS llEREui U1VBN THAT AN annllcatlon will be made at the next meeting of the Ueneral Assembly of the Commonwealth of Pennsylvania ror tne incorporation or a liann, in accordance with the laws of the Commonwealth, to be entitled TUB IRON BaNK, to be located at Phi- ladelphia, with a capital of one hundred thousand dollars, with the right to Increase the same to one million dollars. letT . T. T. T. T. T. T. T. T. T. T. T. T. T. T. T. T. T. T. T. T. TREGO'S TEABERRY TOOTHWASH. Sold by all Drngplets. 8 10m NINTH AND FILBERT Sta., PhUada. tW NOTICE 18 HEREBY GIVEN THAT AN application will be made at the next meeting of the General Assembly of the Commonwealth of Pennsylvania for the Incorporation of a Bank, in ac cordance wit n tne laws or tne (janimonweaitn, to be entitled the amekiu&n icxuiiauk uanh, to be located at Philadelphia, with a capital of two hundred and fifty thousand dollars, with the right to increase tne same to one million qoiiars. BATCHELOB'S HAIR DYE. THIS SPLEN did Hair Dve is the best In the world, the only true and perfect Dye. Harmless Reliable Instan- taneous no disappointment no ridiculous tints "Doe not contain Lead nor any VUaUa Poimrn to in jure the Hair or Bgittem." Invigorates the liair ana leaves it aort and beautiful : Black or Brown. Sold by all Druggists and dealers. Applied at the Factory, No. is BOND Street, New York. 14 itt mwi sa- - NOTICE W HEREBY GIVEN THAT AN application will be made at the next meeting or the General ASBemDiy oi me uommouweuim ui Pennsylvania for the Incorporation of a Bank, In accordance with the laws of the Commonwealth, to be entitled THE KEYSTONE STATE BANK, to be iu nti at PidiadelDhla. with a capital of two hun dred and fifty thousand dollars, with the right to iacrease the same to five hundred thousand dollars. FRENCH BAZAAR w FOR TUB BENEFIT OF THE VICTIMS OF T1TR WAR IN FRANCE. To be held at CONCERT HALL, from December the Hth to December the ttn, CHRISTMAS vj. An aDDeal Is respectfully made to Philadelphia, the State or Pennsylvania, aud all other States, to contribute in gifts or money towards our Bazaar In behalf of the Sufferers in France. The ladies In rharse of tables will eratefullv receive any dona tions made iu favor of the couutry of Lafaytttte aud Kochambeau. ADELK piuut. rreaiaenu H 8 if C JACOB, Secretary. tSf NOTICE IS HEREBY GIVEN THAT AN application will be made at the next meeting of the lncra! Assembly 0 the Commonwealth of Pennsylvania for the incorporation of a Bauk, la be entitled THE STATE OF PENNSYLVANIA BANK, to be located at Philadelphia, with a capital of five hundred thousand dollars, with the right to ncreaae the same to tea uimuon aona.ru. tS THE UNION FIRE EXTINGUISHER COMPANY OP PHILADELPHIA Mann fact are and sell the Improved, Portable Fire KxtlBguUher. Always Reliable. D. T. GAGS, 50 U Mo. IIS MA.KKKT St., General Agau 6PEOIAL NOTICES. NOTICE IS HEREBY GIVEN THAT AN application will be made at the next meetta of the tieneral Asaembly of the Commonwealth of Pennsylvania for the Incorporation of a Bank, in ac-- 4 corrtsnce with the laws of the Commonwealth, to b entitled THE ANTIIKAC1TE BANK, to be located at Philadelphia, with a capital of Ave hundred tha-san- d dollars, with the right to Increase the same to two million dollars. gy- - DR. F. 11. THOMAS, No. 911 WALNUT ST., formerly operator at the Colton Dental Rooms, devotes his entire practice to extracting teeth with- out pain, with fresh nitrons oxide gas. 11 171 y-- NOTICE IS HEREBY GIVEN THAT AN application will be made at the next meeting of the General Assembly of the Commonwealth of Pennsylvania for the Incorporation of a Bank, la accordance with the laws of the CornmonweaUh, to be entitled THE NATIONAL BANK, to be located at Philadelphia, with a capital of one hundred thou- sand dollars, with the right to Increase the same to one million dollars. WATOHEB. JEWELRY, ETC Gifts) Gifts!! Gifts!!! Gifts!!!! No. 56 Tt. EIGHTH Street. Latest Styles FASHIONABLE JEWELRY. SOLID GOLD SETS (Pin and Drops', " HANDSOME EAR DROPS, HANDKERCHIEF UINOS, all styles, WEDDING RINOS, NEAfj KINOS. PEBBLE RINGS, CHILDREN' S RINGS, Etc, LADIES' SETS (Pin and Drops), in solid Gold, Australian Pebbles, Coral, W'hltby Jet, Black, etc. iiKAi t.Lt.i t', unain rattern. nanasomeiy unasea and Kuamclled, Black and Striped, etc., etc. OPERA CHAINS, all prices ; LE( NTIN' E CHAINS, CHATELAINE CHAINS, NECK CHAINS, etc, etc. BlIUlAIKii 8 11(1 ULXCWMt UUSU.M PINS, with beautiful pebble Settlnirs. VEST CHAINS, BOSOM STUDS, SCARF PINS, Etc juim)-"-!- , tieuoiiiK, ni'iii, muss Afiue, Diuuaai, Amethyst, Pearl, etc., etc SLEEVE BUTTONS, HANDKERCHIEF RINGS, SOCIETY EMBLEMS, LOCKETS,MIARMS, PENCILS, NECKLACES, ARMLETS, and 1001 other fancy and useful articles. P. S. CLOSING OUT, at less than cost, all our cheap and low-pric- Jewelry. Articles sold else- where for one dollar we are selling for 50 cents and less. 12 20 4trp No. Mi N. EIGHTH Street. "CHRISTMAS PRESENTS. Watches, Diamonds, Jewelry, and Silverware In threat Variety. A fine assortment of BAND and CHAIN BRACE- LETS, OPERA CHAINS, NECKLACES, Etc. Our prices are unusually low. LEWIS LAD0MUS & CO., No. 802 CHESNUT STREET, 13 16 tjl PHILADELPHIA. TOW BR CLOCKS. No. 22 NORTH SIXTH STREET, Ageat for STEVENS' PATENT TOWER CLOCKS, both Remontoir fc Graham Escapement, striking boar only, or striking quarters, and repeating hour on full chime. Estimates furnished on application either person- ally orby mall. 6 8a WILLI AM. B. WARNS A CO., Wholesale Dealers In WATOHES, JEWELRY. AND , BJJlyl SILVER WARE, Second floor of No. 638 CHESNUT Street, & E. corner SEVENTH and CHESNUT Streets. FIRE AND BURGLAR PROOF SAFE MARVIN'S SAFES. , .. . The Sest Quality! The Lowest Prices! The Largest Assortment! Fire-proo- f. Burglar-oroo- f. MARVIN'S CHROME IRON 8PHERICAL JBurgla-i- r Halo Will resist all BURGLAR'S IMPLEMENTS for any length of time. Please send for catalogue. MARVIN & CO., EJo. 721 CHBSrJUT Street, (MASONIC HALL,) ' PHIL ADSLPHI A. 865 Broadway, N. T. 108 Bank St., Cleveland, Ohio A number of Second-han- d Safes of dlfferea makes and sizes, for sale VKHT LOW. Safes, Machinery, etc.; moved and.holsted promptly and carefully, at reasonable rates. 10 T rmwStn LOOKING OLASSES. ETO. jQESIBABLK AND ELEGANT GIFTS TOR CHRISTMAS. PICTURES of every character. Engrravinirs, Chromos, etc. etc : New Moonlight Photographs; Views In Southern India. LOOKING-GLASSE- S. SWISS CARVINGS, embracing almost every- thing, at moderate prices, rangiug from 50c. up- wards. Direct Importation from luterlaken. The celebrated ROGERS GROUPS, Sole Agency. Two new subjects now ready. PORTFOLIOS. EASELS. New Folio-stand- s, with our excellent patent fastening. EARLF.S' GALLERIES, open at a I' times, free. No. 816 CHESNUT STREET. . WHISKY, WINE, ETQ. QAR8TAIR8 & MoCALL. Ho. 120 Walnut and 21 Granite Sti Brandies, Wines, Gin, Olivi Oil, EU, WHOLKSAUR DKAXKBS IN . PURE RYE WHISKIES, IU BOND AND TAX PAID. U Ipf MILLINERY. R 8. R. DILLON, jyj NOS. SS3 AND 831 SOUTH STREET. FANCY AND MOURNING MILLINERY, CRAPE VEILS. . Ladies' and Misses' Crape, Felt, Gimp, Hair, Satin, Silk, Straw and Velvets, Hats and Bonnets, French Flowers, Hat and Bonnet Frames, Capes, Laces, Silks, Satins, Velvets, Ribbons, Sashes, Ornaments aud all kinds of Millinery Oooda. - : 1 "TOnrFARNUlf 4X)T7COMMIS3ION MERJ CI hAat .sdlMuafbotsrar o Oasteuk Tlakiajr. Ml sis. M uaiwmiUi' iwwi raiixl.linna. sibst i A
Transcript of srxh.it or mass. Qf - Library of Congress › lccn › sn83025925 › 1870-12-23 › … · Mr....
srxh.it or txxs mass.Editorial Opinions of the Leading Journals
tponCurrent Topics Compiled EveryDay for the Evening Telegraph. .
TWO WAYS TO SOLVENCY.From the A. Y. Tribune
In tbia day of wide-sprea- d venality and of(sweeping charges of corruption, it might bedeemed remarkable that no whisper of re-
proach or suspicion baa sought to tarnish thepood name of the Secretary of the Treasury.Many are from time to time impelled to dis-sent from one or another of bis suggestions,bnt no man has hinted a doubt of hw perlectintegrity. If there be opportunities affordedby bi3 high position to enrich its holder, thewhole country knows that he has never soughtto profit by them. With millions subject toLis will, be will leave the office poorer thanbe entered it. And bis unsparing hostility toevery form and shade of repudiation, bis
championship of early resumption,and bis manful resistance to the demagoguerace for precedency in diminishing the revenueand thus arresting the payment of the na-
tional debt, have justly given him a strongbold on the confidence and support of thebetter portion of the American people.
When, therefore, we are constrained todisRent from any feature of Mr. Boutwell'spolicy, we do it with profound reluctance,lint the close of a year affords an excellentopportunity for a new departure; and we re-
turn to the subject of the Treasury surpluswith an earnest hope that the Secretary maybe induced to review and revise his action onthis head.
Mr. Boutwell has now been for nearlytwenty-on- e months the manager of thenational finances; and he has meantime re-
duced the national debt by little less thantwo hundred millions of dollars. This is, sofar, excellent. But suppose he had paid stillfaster, especially in the outset, when eachmillion of coin in the Treasury would havebought considerably more bonds than it nowwill bad converted all his surplus above tenmillions into bonds within the first quarterof his administration, and had thenceforthkept the Treasury as nearly empty as wasconsistent with the prompt adjustment ofevery liability, the debt must have been re-
duced, ere this, at least one hundred millionsmore than it has been, and the same less thesurplus ia the Treasury from ' ten to twentymillions. The interest which has since ac-
crued on the hundred millions that he mightLave paid off at the outset mast be nearly orquite ten millions; the saving in the price ofthe bonds purchased could have b6en littleless. And what loss would have balancedthis large gain ?
Mr. Boutwell doubtless believes that thecoin in the Treasury facilitates and serves tohasten a safe resumption. We regard it, onthe contrary, as the chief obstacle to an earlyresumption. Let ns try to make this plains-Sup- pose
there are in Cleveland or Toledotwo banks we will call them the First andthe Second National whereof each has acapital of one million, with circulation anddeposits to the extent of one million and ahalf. Their liabilities, immediate and ulti-mate, are therefore perfectly equal. One ofthem has no specie to speak of; but it has$100,000 in greenbacks, $100,000 on depositand subject to draft in New York, and therest of its assets in the shape of good draftsdrawn against produce shipped to this city,whereof about $23,000 falls due daily for thenext hundred days.
This bank call it the First National inour view, ia perfectly ready to resumespecie payment, though its specie is of noaccount. The other which we have calledthe Seoond National has $300,000 in coinin its vaults, with $2000 in greenbacks to-
gether equal to a third of its total liabilities,except to its stockholders. But this bankLas loaned its funds maiuly to its directorsand their cronies, who have invested them inwild lands at the far West and grand houseswherein they severally reside, and so areutterly unable to pay their notes otherwtaethan by giving new ones, ibis bans is in-solvent, in spite of its plethorio vaults, andwill collapse under the first serious trial ofits strength.
All this, we assume, is tinth familiar tomen of business; yet it seems to ns ignored byMr. Boutwell in his hoarding policy.
If nobody else wanted gold for paper, theTreasury holds far too much of it. Were itto resume it would probably bedrained in a week, not because its stock ofcoin is so slender, but because so many havea profitable use for the article. . What isneeded to enable the Treasury to resumewithout balk or trepidation is an abun-dance of gold in the hands of those whoneed or can profitably use it, with asecurity ready to be exchanged for thGovernment demand obligations, which will
generally preferred to gold. Suppose, forexample, no one wanted gold to ship, whilean American oonsol ready to be issuedranged one-ha- lf per cent, above par, withthousands eager to invest in it. The Secre-tary gives notice, "I am ready to give coinfor greenbacks, or I will redeem them in theAmerican consol" how many would askfor gold? and how much in all would they askfor? Who does not know that the demandfor gold would be trifling ?
There is some specie really needed, evnunder suspension. When the supply is boun-tiful and the need slender, the demand iseasily met. But every dollar hoarded by theTreasury diminishes the supply and in-creases the urgency of the demand. Onehundred millions dead in the Treasury in.creases the premium on gold by diminishingthe supply in open market and increasingthe dimoulty of satisfying the demand.
Whatever the amount in the Treasury, be-
yond ten millions at most, we insist that itshould be promptly and rigorously applied tothe reduction of the debt. Even if the trea-sury should be five to ten millions shortwhen a quarter's interest falls due, it couldborrow that sum for a few days from thebanks of this city they knowing full wellthat it would return to their vaults so soon aspaid out of the Treasury. When we shall haveresumed, greenbacks will be taken as gold atthe custom houses, and thus our chief needof coin obviated. Oar ouly peril is a vastforeign demand; but a country that produoessixty to seventy millions of specie per annumought not to be easily broken. All we needis to reduce our current purchases of othernations to seven millions per week while wesell tlitia to the value of ek;ht millions, andresumption will come of itself. A foreigndemand might possibly drive us back iutosuspension; but the domestic call for specienever would, unless inflamed by senselessHoarding on tne part or the Treasury.
Can we be wrong in these views? If net,Kbonld not the Secretary reconsider?
AMNESTY IN CONGRESS.Frtm the V. Y. Hints.
Three different opinions on the subject ofau.iitity exist among the Republican mem
THE DAILY EVENING TELEGUAl'11 PHILxVDELPIIIA, FRIDAY, DECEMBER 23, 1870.
bers. There are, in the first place, opponentsof amnesty in all shapes, save that of excep-toin- al
legislation relating to speciflo cases.Opposition from this quarter assumes thatthe South is still not many degrees removedfrom rebellion that hostility to the autho-rity of the Union prevails to an extent whichrenders the continuance of disabilities indis-pensable. In the next place, there are advo-
cates of complete amnesty, who bold thatthe time has come when the last vestiges ofthe Bebellion may safely be removed. Insupport of this idea it is contended that re-
construction has brought the South into thefull fellowship of the' Union, and that allcauses of animosity and irritation shouldbe obliterated. Among these causes, it isalleged, the maintenance of disabilities isespecially prominent, and their total andimmediate removal is demanded as a poace-offerin- g
no less than as an act of justice.Lastly, there is a class strong by reason ofintellect and character, which insists thatthe ltepubhcan party is pledged to as perfecta measure of amnesty as present circum-stances render expedient. The members ofthis class object to unqualified amnesty asundesirable, and to the postponement of allamnesty as unjust, and contend that thecountry is now prepared for a measure whichshall limit disabilities to a very small circle.Mr. Bingham, who is a fair representative ofthis class, declares that the proposition whichhe and those who act with him aro preparedto support would limit the operation of thedisabilities imposed under the fourteenthamendment to some two hundred personsonly. That would bring us near enough togeneral amnesty to satisfy the generous in-
stincts of the people and fulfil the promise ofthe Republican party, and at the same timewould provide for the exclusion from publicoffices of those on whom mainly rests theresponsibility of organizing the Rebellion.
General Butler's bill, the immediate occa-sion of the debate in the House, doe3 notcommend itself to the favor of any of theclasses we have enumerated. It goes too farfor some not far enough for others. It con-cedes the desirableness of amnesty; yet is soloaded down with exceptions as to render it ablow in disguise. It makes amnesty a pre-text for interrupting the coarse of justicefor stepping into courts, staying suits in pro-gress, and denying to private citizens thatredress for wrongs which the Constitutionguarantees. So many influences are j ust nowat work, governing the action of individualmembers, that it is not easy to say in advancewhat combinations may not effect for Gene-ral Butler's plan.
The extremists on either side occupy veryweak ground. The unyielding opponents ofamnesty are as unwise as its uncompromisingchampions. The middle course is that whichis most consistent with the public interests.Mr. Bingham's amendment to General But-ler's bill relieves all on whom disabilitiesare imposed by the fourteenth amendment,except those who were officers of the UnitedStates in 18G0 or 1861, and those who in vio-lation of that amendment have held officesince the first of June last. The effectwould be to render eligible for public serviceall but an infinitesimal proportion of theSouthern people, the excepted persons beingthose to whom the odium of encouraging andorganizing the Rebellion more particularlyattaches.
It is not easy to disoover in an amnestywhich is at once so nearly complete as to sat-isfy the national sense of justice, and socarefully qualified as to exclude probablecauses of offense and evil, any real peril topublic interests. Sooner or later such ameasure must come why may it not be en-
acted now ? The recent constitutional amend-ments have secured byond the reach of pro-bable accident the guarantees required to per-petuate the foundation of Southern recon-struction, and the national sentiment mayberelied upon to take care of the rest. More-over, Republican majorities in the Statesmost familiar with disabilities have, one afteranother, almost entirely abolished them. Thetestimony thus supplied is conclusive as tothe undesirableness of the disabilities overwhich the States most familiar with the workins of the Rebel spirit retained control. Theexample thus afforded should not be withouteffect upon the action or congress in reference to the penalties which it alone canabolish. .
THE FENWSYLVANIA RAILROAD COMPANY AND NEW YORK.
From the Railroad Gazette.
In some respect the great system of railroads controlled by the Pennsylvania Company, which reaches New Orleans in theSouth, Denver in the West, and Daluth inthe North, has suffered from the same defectas that of the "Joy roads: it has had no independent outlet to New lork. it is truethat circumstances nave maae tnis defect lessimportant, for not only is the New Y'ork andPhiladelphia Railroad a short one, bnt itaoperations are confined entirely to New Jer-sey, and it has sought for no extensionsbeyond the Delaware. Thus it has been readyto transport traffic for anv and all parties whomight bring it to its line, obstinately and successfully opposing tne establishment of anyrival in New Jersey, and as obstinately refusing to become the rival of any line outsideof that State. So, if its requirements weresomewhat burdensome to the PennsylvaniaCompany, they were no more so than theywere to an otner companies.
But whenever there has been competitionbetween the great lines from New York tothe West, the New Jersey Company, whichshared all the advantages of the traffic overthe Pennsylvania Railroad to New Y'ork, hasrefused to bear anv part of the labor or expenso of securing it. When rates were reduced to non-payin- g prices, the New JerseyCompany has insisted on receiving its regu-lar prices, and the dependent position of thePennsylvania Company has compelled it toaccede to its demands. The immense business which the Pennsylvania Companv hajbrought to the New Jersey road at Philadelphia has not been obtained without eff ortand expense. Agencies all over the,Union, acostly system of advertising, favors to shippers and others who might influence tratfio.have had much to do in attracting this im-mense business, and the entire expense hasbeen borne by tne Pennsylvania Company,The New Jersey Company ha,s quietly takentne tramc ana us pay ior carrying it.
Last spring, when there was a contest as tothe capacity of tne different liQ68 for speed.and the Pennsylvania Company deemed itnecessary to run a train between New Yorkand Boston at the fastest rate possible, theNew Jersey Company, which, by reason ofita low grades, straight line, and perfecttrack, is able to make as fast time as anv linein America, refused to change its schedulefor this fast train, and required three hourand a quarter for the ninety miles betweenPhiladelphia and New York for a train whichcame over the mountains from Pittsburg toPhiladelphia at a more rapid rate. Yetthis company shared whatever advantage wato be gained by this fast traiu. So it has beencontinually. WUaUvar alvaaUga was tj be
ained for both roads, the Pennsylvania hasf een compelled to pay for.Thi-- t dependence for a New York outlet has
led the lines through New Y'ork to assums anadvantage over the Pennsylvania routs ia allnegotiations between them. When theobservance of certain conditions was pro-posed, and the Pennsylvania had acceptedthem for itself, but has said that it could notbind the New Jersey road, Commodore Van-derbi- lt
would say, "Then you haven't got aline."
It is reasonable to suppose that the Penn-sylvania Company has not been contentedwith the situation. But it was by no meanseasy to improve it. An outlet further north,by the "Allen town Line," may have beenwithin its reach, but to use this it must turnits through traffic from its main line 10!miles west of Philadelphia, and in so doingtake business away from instead of throughPhiladelphia, which it was built to serve, andwhich is a part owner of the railroad andchooses three of the directors, wjnilo sixteenout of seventeen of its directors are residentsof that city and many of them intimately interested in its prosperity, io obtain the hewYork and Philadelphia road seemed well nighimpossible. It is the property of the "UnitedCompanies of New Jersey, which own,besides, the old Camden and Amboy R til-roa- d,
and five shorter New Jersey roads, hav-ing a mileage altogether of 1(!." miles. Theyhave a controlling interest in fourteen otherNew Jersey railroads, from 2$ to G'.t mileslong, having in the aggregate a mileage of
(.0 miles. They lease two other railroadswith a total length of 01 miles. They ownalso the Delaware and Raritan Canal, C."
miles long, one of the great coal carriers ofNew. Jersey. They operate 410 miles ofrailroad line, lOG of which has a doubletrack. At the end of last year its propertyrepresented a capital of f r,;!,(i',):t,( 81. Onthe stock, amounting to more than $17,000,-00- 0,
it has nsnally paid r per cent, dividendsfierui-annuall-
It is cow reported that the PennsylvaniaCompany hns leased this property, and willopeiate it in connection with its other lines.Reports of this kind are not to be acceptedon mere rumor, bnt in this case there arecircumstances which make it at least proba-ble that the report is true. The Pennsylva-nia Company has been making a general andminute examination of the property such aswould enable it to understand its value andbargain for it intelligently. According tothe report published in New lork, the Penn-sylvania Company is to have a permanentlease of all the lines owned by the unitedcompanies at a rental of $4,000,000, which isten per cent, upon a valuation of $40,000,000.This is a very large sum to pay, but consider-ing the improvements which the united com-panies have been able to make while payingten per cent, dividends, it is perhaps not inexcess of the earnings or tne property here-tofore, while there is very little doubt thatthe Pennsylvania Company, with its thou-sands of miles of road in the West and South,can use the property to greater advantagethan its present owners.
SUMNER ON SAN DOMINGO.From the A. Y. World.
Wednesday was a lively day in the FederalSenate. Mr. Sumner wns twice on the floor,and each time in a role winch is mildly cha-racterized by calling it sensational. Earlyin the day lie rose to a personal explanationin a matter which seemed big with a sup-pressed duel. The Patriot, the new Demo-crati- c
paper at Washington, printed, Wednes-day morning, a statement that an unsuccess-ful attempt to make peace between the Sena-tor and the President had just miscarried bythe stiff refusal of the President to entertainany proffers towards a reconciliation. He saidthat Sumner had traduced and belittled himin executive sessions of the Senate, in thestreet care, in bis lecturing tour in ihe West;and that if he (Grant) were not restrained byhis official dignity he wouldcall Sumner to a personal ac-count. According to the same reportGeneral Babcock, one of the President'sconfidential pets, said that he would chastiseSumner after the fashion of Brooks, if itwere not for his intimate relations whichmight compromise the President. Mr. Sum-ner took a good way to advertise this article,and supplemented the account with somevery piquant particulars. It seems that heknew of the intended publication two orthree days ago. There was a great prelimi-nary flutter, and a running to and fro bynews-monge- rs and quidnuncs to procure acontradiction to go forth with the article.Mr. Sumner gave these busybodies no satis-faction, because he had determined to putforth a denial in a more conspicuous andauthentic way. lie made it appear that thereis no colorable ground for a duel, and thatthe muzzled threats of one had proceededupon a misapprehension of the facts. Heappealed to Senator Morton and SecretariesFish and Boutwell to support his assertionthat he bad not Bpoken in unbefitting termsof the man whose great station enforces akind of deference that could not very well bepaid to his personal qualities. All which wasvery well managed to put expectation ontiptoe and draw attention upon the scathingspeech the Senator was intending to driveragainst General Grant at a later hour of thedav.
In due course of proceeding the San Domingo job came up, when Mr. Sumner sailedinto the debate like a frowning three-deck- er
with every gun loaded to the muzzle. Broad-side upon broadside he poured into the President, accusing him of imitating Presidentslierce, imcnanan, ana Andrew Johnson latheir worst and most fatal blunders. Senator Morton, who was the President's nextfriend on this occasion, kept trying to interpose a word, or a question, to shield hispatron rroin the cannonade; but to no pur-pose. Sumner refused to be interrupted,fin1 snncalail tr fHa maaiilinn nftiiav ttect him in his right to the fioor. lie toldMorton that if he was the President s friend.he ought to go to him and dissuade himfrom the stupendous folly he was striving tocomnjit. men, rising into a canamvs tnaorastrain, Mr. Sumner directed his speeoh to theVice-Preside- in a thrilling apostrophe toarrest General Grant on the edge of the fatalfrecipice. Go to him, said Sumner to Colfax
you who stand next in officialdignity and in the favor of the Republicanparty, and w arn, entreat, expostulate, remonstrate, and labor with him, and try, if possible, to save him, the party, the country, andthe national honor, from the terrible plungethe misguided and stubborn man is bent onmaking ! This is such an appeal as was neverbefore heard in the American Senate. It isasking the mate of the ship to seize and bindthe captain and prevent his doing mischief,General Grant s namesake, Ulysses of old.caused himself to be bound to the mast bybis shipmates in passing between Scvlla andCharybdis lest the syrens should get the betterof him; but even he, wise as he was, wouldnot have brooked a mutiny by the crew to accomplish the same laudable object.
This is war. Peace between Knoinsr andGrant there can be tine after such a spsech
and explosion m the Senator has made.If such advice as he gave the Vice-Preside-
nt
is needed, the President is too evidentlyunfit to be at the helm; and as he is a man,with at least the average sensibility to affrontand capacity for resentment, he can neverforgive Sumner for this pitiless onslaught.So the breach widens between PresidentGrant and the leading statesmen of his party.IS THE REPUBLICAN PARTY TO BREAK
. UP ?
From the X. Y. Sun. ,Wide differences of opinion prevail in the
Republican party on cardinal measures,namely, general amnesty, the repeal of theincome tax, a reduction of customs duties,and the purchase of San Domingo; and theseparticular questions stand as the representa-tives of others of the same class and of cog-nate olasses on which like differences exist.Among those who dissent from the policy ofGeneral Grant on these subjects, so far as hecan be said to have a policy, are some of themost distinguished members of the party,of whom Senators Trumbull, Sumner, andSchurz are samples. And the debates inboth branches of Congress show that thesedifferences of opinion are of so radical andirreconcilable a character that they cannot bebridged over by temporary expedients.
What does all this mean, and what does itportend? The record, standing, and charac-ter of the men who take this independentposition against the administration give assurance that they are in earnest, and intendeither to compel it to cdme back to the oldRepublican ground, or to go into the minority in the country at large, and that by persisting General Grant must run the risk ofbreaking the Republican party in pieces.
Shall the party then be ruined, or will itmake an effort worthy of the exigency tosave itself from destruction? There is nota shadow of doubt that the leaders in thisresistance to General Grant, together withthe great body of the rank and hie who sym-pathize with them, are hostile to his reno ruination for the Presidency. If, then, thoseRepublicans who care more for principles(ban men, and who sincerely desire the harmony and continued supremacy of the party,would open a door for obliterating differencesof opinion in its ranks, let them insist thatthere be an authoritative declaration fromthe proper quarter to the effect that underno circumstances is General Grant to be acandidate for This stumbling- -
block removed, and the path is dear for areunion among Republicans on matters aboutwhich thev are now at war. If this is notdone, the breach will, widen, and the partyfall a prey to its antagonists in the contest of1872. Shall Grant or the Republican partygo under ? That is the question.
AN INDEPENDENT PHILADELPHIASCHEME.
Fvm the S. Y. Herald.Philadelphia, it appears, has resolved to
establish an American line of Bteamers toLiverpool, and the wiseheads and capitalistsof the coal and iron state nave combinedupon this question. A railroad company isat the head of the movement, and the basisof success, it seems, is placed upon the capacity of the railroads to bring produce fromthe West at lower freights than the New Y'orkrailroads are doing. Now, this is a questionof competition between the railroads of the
two States, and they will have a good deal tosay to the success of the new transatlantic line. That New York has no Americanline of steamers running from this port toEurope is a deplorable fact. It is more thanthis it is a reproach to our spirit of enter-prise. If Philadelphia is fortunate enough toestablish a paying line, so much the better.However, the scheme seems to be at presentto a certain extent inchoate. No companyhas been organized, but at the same timethere seems to be considerable capital realized by (subscription. The PennsylvaniaRailroad Company, who are the controllingspirit?, subscribed four hundred thousanddollars, and the Board of Trade contributedon behalf of the merchants of the city halfa million dollars. It is proposed to buildfour iron steamers of two thousand eighthundred tons, two or them to be constructed at Wilmington and two on theDelaware somewhere contiguous to Philadelphia.
AH this looks as if our provincial neigh-bors meant something practical. The funnypart of It is that the projectors or the schemeare so determined that it shall be a Philadel-phia enterprise pure and simple that theyhave resolved that the village or Iew Yorkshall have no hand in it. New Y'orkers, wepresume, cannot even bay stock in the company when the company is formed; yet it isnot at all unlikely that New Y'ork capital willtake a band in, and a pretty full one, too,if the enterprise carries any color of sacoesaabout it.
It is an excellent thing to see the prospectof an American line of steamships, built inour own ports and carrying our own flag,sailing once again upon the Atlantic If thisenterprise succeeds the whole country maywell be proud of it. But what has New Yorkto say in the matter ? Is she going to playthe laggard lorever i .
SPECIAL. NOTICES....V-- AMERICAN LIFE INSURANCE COM- -
PANY, WALNUT Street, southeast corner ofton rtn.
NOTICE. The Annual Meeting of the Stockholders of this Company, for the election of ThirteenTrustees to serve for ta ensuing year, will be heldat the (mice on MONDAY, January 8, 1971, between10 A. M. and 18 0 clock noon.
12 si lot JOHN S. WILSON, Secretary.
OFFICE UNION MUTUAL INSURANCECOMPANY, N. E. corner THIRD and WAL
NUT Streets. Philadelphia, Dec. IT, 1970.The Annual Meetinsr of the Stock and Strip- -
holders of the Company, and the Annual Electionfor Directors, will be held at the ofilce of the Company at 12 o'clock M., on MONDAY, January 9, 1971.
i .1 , Tn I h 1 1 K7 II1I1C Uoiipatop.
OFFICE PHILADELPHIA AND TKEX- -TON RAILROAD COMPANY.
Philadilphia. Dec. 19. 1970.The annual meeting of the Stockholders of, this
jno. tti bouiaon MONDAY.
lock P. M.. whenan election will be held for twelve Llrectors to serve
12 19 tJ . Assistant Secretary.
FAEMKKS' AM) MECHANICS' NA- -TinNAI. HANK.
Philadelphia. December 8. 18T0.
The annual election for Directors of tnls Bankviii i, hHirt at the BanklDK House on WEDNESDAY, the 11th clay of January next, between thehOUrS 01 11 O ClOCk A. m. onu i v t luv i . m.
12StjU W. RUSHfQN, Jr., Cashier,
Blrv COMMONWEALTH NATIONAL BANK.PuiLADKLrHU. December 9, IS70.
for Directors of this BankThe.... annual. .. . election. . . . I . i , 1 rrirojTiA V
Will be neill at inn vauiuig auuio uu iwmoL'a,the 10th day of January next, between the hours of11 o'clock A. 11. ana s o cum: r. m.
12 9 f to. tjio H. O. YOUNG, Cashier.
SOUTH WAR K NATIONAL BANK.a" PHILADELPHIA. Dec. 10. 1S70.
The annual election for Directors will be held atthe Banking-hous- e on TUESDAY. January 10, 1S71
between the hours of 10 o'clock A. M. aud 11o'clock bl.
18 18 inwf t J 10 P. LAM B, Cashier.
Bt-- JOUV1NS KID GI.OVB CLEANER
b n',1 druauUU and Unci rood dealers. Price fj
ceutsier Loitle. ltWmwfJ
SPECIAL NOTICES.Qf PHILADELPHIA AND UK AD I NX RAIL
koad comfani , oracc no. 2si 5. fourthStreet.
Pbimpblphia, Nov. 30, 1970.DIVIDEND NOTICE.
The Transfer Books of this Company will be closon Wednesday, the ltth.of December next, and ropened on Tuesday, the loth of January, 1971.
A dividend of FIVE TEU CENT, has been de- -clared on the Preferred and Common .Stock, clearof State tax, payable In cash on the STth of December next to the holders thereof, as they shall ataaregistered on the books of the Company at the closeof business on the 14th of December. AIL payableat this ofilce.
All orders for dividends must be witnessed andstamped. s. BRADFORD,
HI 6w Treasurer.
jy-- OFFICE OF THE PENNSYLVANIAMA1LKUAU UUail'AINY.
PnaiDKLPnu, November!, 1S70."
NOTICE TO STOCKHOLDERS.The Board of Directors have this day declared a
semi-annu- al dividend of FIVE PERCENT, on theCapital Stock of the Company, clear of Nat ional andState taxes, payable In cash, on or after November80, 1970.
Blank powers of attorney for collecting dividendscan be had at the office of the company.
The office will be opened at 8 A. M. and closed at8 P. M., from November 80 to December 8, for thepayment of dividends, and afterthat date from 0 A.M. to 8 P. M. THOMAS T. FIRTH.
1112m Treasurer.
jgy-- CAMBRIA IRON COMPANY. THE AN--
nual Meeting of the stockholder! of the CambriaIron Company will be held at their ofilce, No. B13
South FOURTH Street, Philadelphia, on TUESDAY,the 17th day of January next, at 4 o'clock P. M.,when an election will be held for seven directors toserve for the ensuing year.
JOHN T. KILLE, Secretary.Philadelphia, December IT, 1970. 13 IT im
PHILADELPHIA AND READING RAIL- -
StreetPhiladelphia, Dec. 13. 1870.
Notice Is hereby Riven to the Stockholders of thisCompany that the annual meeting and election forPresident, six Managers, Treasurer, and Secretarywill take place on the second MONDAY (9th) ofJanuary next, at 12 M. WM. II. WEBB,
ia ia tjan secretary .
hS,y OFFICE BUCK MOUNTAIN COAL COM- -PANY, NO. 820 WALNUT Street.
PHILADELPHIA, Dec. 14. IStO.The Board of Directors have declared a Dividend
of THREE PER CENT., clear of state tax, payableon me xan inBi.
Traosfer Books will close on the 20th lost, andreopen on the2Sth. F. H. THOTTEK,
I'i 14 wimut Treasurer.
OFFICE ST. NICHOLAS COAL COMPANY.No. 205M WALNUT Street.
The Board of Directors of the St. Nicholas CoalCompany have this day declared a dividend ofTHIRTY CENTS per share, clear of State tax, payable on January 8, i8ti. Tne transrer dooks will beclosed from December 21 to January 8, 1971.
it. Johnston, Treasurer.Ph iladei.phia, December 21, 1870. 12 si 9t
Bfgy-- CORN EXCHANGE NATIONAL BANK.
The Annual Election for thirteen Directors' of thisbank will be held at the Banking House, on TUESDAY. January 10, lSii, between tne hours of 10o'clock A. M. and 2 o'clock P. M.
H. P. SCHETKY,12 0 ftu tjio cashier.
CHRISTMAS DINNER FOR THE POOR.A Dinner will be givea to the Children of the
Sabbath and Day Schools of the BEDFORD STREETMISSION, on CHRISTMAS DAY (Monday), at 18o'clock, at the Mission-hous-e, No. 619 BEDFORDStreet
Donations In Money, Poultry, Provisions, andClothing thankfully received by the undersigned.
Donations towards the erection of a Building onthe South street front of Lot earnestly solicited fromour Benevolent Citizens.
All friends of the Cause cordially invited.Edmund S. Yard, No. 2(9 Spruce streetJambs L. Bispham, No. 710 S. Second street.Jacob II. Burdsall, No. 1121 Chesnut street.Gkokgk BIillikek, No. 823 Arch streetCharles Spencer, No. T Bank street.Oeokoe Perkinpine, No. DO N. Fourth streetEdmund A. Johns, No. 413 Arch streetW. H, Heisi.er, Seventh National Bauk, Fourth
and Market streets. 12 17 swtlif 4tTEev. John D. Long, No. 619 Bedford street
R-B- TURNERS UNIVKK8S li NEUR&LWAPILL IS an UNFAILING REMEDY for Neu-ralg- la
Facialis. No form of Nervous Disease fallsto yield to its woncieriui power, tven in tne severestcases of Chronic Neuralgia its use for a few daysaffords the most astonishing relief, and rarely fallsto produce a complete and permanent cure. It con-tains no materials In the slightest degree Injurious.It has the unquallUed approval of the best physi-cians. Thousands, in every part of the country,gratefully acknowledge Its power to soothe the tor-lur- ed
nerves and restore the failing strength.It Is sold by all dealers in drugs and medicines.
TURNER A CO., Proprietors,9 29 DiwH No. 120 TREMONT St, Boston, Mass.
S NOTICE IS llEREui U1VBN THAT ANannllcatlon will be made at the next meeting
of the Ueneral Assembly of the Commonwealth ofPennsylvania ror tne incorporation or a liann, inaccordance with the laws of the Commonwealth, tobe entitled TUB IRON BaNK, to be located at Phi-ladelphia, with a capital of one hundred thousanddollars, with the right to Increase the same to onemillion dollars.
letT . T. T.
T. T. T.T. T. T.
T. T. T.T. T. T.
T. T. T.T. T. T.
TREGO'S TEABERRY TOOTHWASH.Sold by all Drngplets.
8 10m NINTH AND FILBERT Sta., PhUada.
tW NOTICE 18 HEREBY GIVEN THAT ANapplication will be made at the next meeting
of the General Assembly of the Commonwealth ofPennsylvania for the Incorporation of a Bank, in accordance wit n tne laws or tne (janimonweaitn, tobe entitled the amekiu&n icxuiiauk uanh,to be located at Philadelphia, with a capital of twohundred and fifty thousand dollars, with the rightto increase tne same to one million qoiiars.
BATCHELOB'S HAIR DYE. THIS SPLENdid Hair Dve is the best In the world, the only
true and perfect Dye. Harmless Reliable Instan-taneous no disappointment no ridiculous tints"Doe not contain Lead nor any VUaUa Poimrn to injure the Hair or Bgittem." Invigorates the liair analeaves it aort and beautiful : Black or Brown.
Sold by all Druggists and dealers. Applied at theFactory, No. is BOND Street, New York. 14 itt mwi
sa- - NOTICE W HEREBY GIVEN THAT ANapplication will be made at the next meeting
or the General ASBemDiy oi me uommouweuim uiPennsylvania for the Incorporation of a Bank, Inaccordance with the laws of the Commonwealth, tobe entitled THE KEYSTONE STATE BANK, to beiu nti at PidiadelDhla. with a capital of two hundred and fifty thousand dollars, with the rightto iacrease the same to five hundred thousanddollars.
FRENCH BAZAARw FOR TUB BENEFIT OF THE VICTIMS OFT1TR WAR IN FRANCE.
To be held at CONCERT HALL, from Decemberthe Hth to December the ttn, CHRISTMAS vj.
An aDDeal Is respectfully made to Philadelphia,the State or Pennsylvania, aud all other States, tocontribute in gifts or money towards our Bazaar Inbehalf of the Sufferers in France. The ladies Inrharse of tables will eratefullv receive any donations made iu favor of the couutry of Lafaytttte audKochambeau. ADELK piuut. rreaiaenu
H 8 if C JACOB, Secretary.
tSf NOTICE IS HEREBY GIVEN THAT ANapplication will be made at the next meeting
of the lncra! Assembly 0 the Commonwealth ofPennsylvania for the incorporation of a Bauk, la
be entitled THE STATE OF PENNSYLVANIABANK, to be located at Philadelphia, with a capitalof five hundred thousand dollars, with the right toncreaae the same to tea uimuon aona.ru.
tS THE UNION FIRE EXTINGUISHERCOMPANY OP PHILADELPHIA
Mann fact are and sell the Improved, Portable FireKxtlBguUher. Always Reliable.
D. T. GAGS,50 U Mo. IIS MA.KKKT St., General Agau
6PEOIAL NOTICES.NOTICE IS HEREBY GIVEN THAT AN
application will be made at the next meettaof the tieneral Asaembly of the Commonwealth ofPennsylvania for the Incorporation of a Bank, in ac-- 4
corrtsnce with the laws of the Commonwealth, to bentitled THE ANTIIKAC1TE BANK, to be locatedat Philadelphia, with a capital of Ave hundred tha-san- d
dollars, with the right to Increase the same totwo million dollars.
gy-- DR. F. 11. THOMAS, No. 911 WALNUT ST.,formerly operator at the Colton Dental Rooms,
devotes his entire practice to extracting teeth with-out pain, with fresh nitrons oxide gas. 11 171
y-- NOTICE IS HEREBY GIVEN THAT ANapplication will be made at the next meeting
of the General Assembly of the Commonwealth ofPennsylvania for the Incorporation of a Bank, laaccordance with the laws of the CornmonweaUh, tobe entitled THE NATIONAL BANK, to be locatedat Philadelphia, with a capital of one hundred thou-sand dollars, with the right to Increase the same toone million dollars.
WATOHEB. JEWELRY, ETCGifts) Gifts!! Gifts!!! Gifts!!!!
No. 56 Tt. EIGHTH Street.
Latest StylesFASHIONABLE JEWELRY.
SOLID GOLD SETS (Pin and Drops', "HANDSOME EAR DROPS,
HANDKERCHIEF UINOS, all styles,WEDDING RINOS, NEAfj KINOS.
PEBBLE RINGS, CHILDREN' S RINGS, Etc,LADIES' SETS (Pin and Drops), in solid Gold,
Australian Pebbles, Coral, W'hltby Jet, Black, etc.iiKAi t.Lt.i t', unain rattern. nanasomeiy unasea
and Kuamclled, Black and Striped, etc., etc.OPERA CHAINS, all prices ; LE( NTIN' E CHAINS,
CHATELAINE CHAINS, NECK CHAINS, etc, etc.BlIUlAIKii 8 11(1 ULXCWMt UUSU.M
PINS, with beautiful pebble Settlnirs. VESTCHAINS, BOSOM STUDS, SCARF PINS, Etc
juim)-"-!- , tieuoiiiK, ni'iii, muss Afiue, Diuuaai,Amethyst, Pearl, etc., etcSLEEVE BUTTONS, HANDKERCHIEF RINGS,
SOCIETY EMBLEMS, LOCKETS,MIARMS,PENCILS, NECKLACES, ARMLETS,
and 1001 other fancy and useful articles.
P. S. CLOSING OUT, at less than cost, all ourcheap and low-pric- Jewelry. Articles sold else-where for one dollar we are selling for 50 cents andless.
12 20 4trp No. Mi N. EIGHTH Street.
"CHRISTMAS PRESENTS.
Watches,Diamonds,
Jewelry, andSilverware
In threat Variety.A fine assortment of BAND and CHAIN BRACE-
LETS, OPERA CHAINS, NECKLACES, Etc. Ourprices are unusually low.
LEWIS LAD0MUS & CO.,
No. 802 CHESNUT STREET,13 16 tjl PHILADELPHIA.
TOW BR CLOCKS.
No. 22 NORTH SIXTH STREET,Ageat for STEVENS' PATENT TOWER CLOCKS,
both Remontoir fc Graham Escapement, strikingboar only, or striking quarters, and repeating houron full chime.
Estimates furnished on application either person-ally orby mall. 6 8a
WILLI AM. B. WARNS A CO.,Wholesale Dealers In
WATOHES, JEWELRY. AND ,
BJJlyl SILVER WARE,Second floor of No. 638 CHESNUT Street,
& E. corner SEVENTH and CHESNUT Streets.
FIRE AND BURGLAR PROOF SAFE
MARVIN'S SAFES. ,.. .
The Sest Quality!The Lowest Prices!
The Largest Assortment!
Fire-proo- f.
Burglar-oroo- f.
MARVIN'S CHROME IRON8PHERICAL
JBurgla-i- r HaloWill resist all BURGLAR'S IMPLEMENTS for any
length of time. Please send for catalogue.
MARVIN & CO.,EJo. 721 CHBSrJUT Street,(MASONIC HALL,) ' PHIL ADSLPHI A.
865 Broadway, N. T. 108 Bank St., Cleveland, Ohio
A number of Second-han- d Safes of dlffereamakes and sizes, for sale VKHT LOW.
Safes, Machinery, etc.; moved and.holsted promptlyand carefully, at reasonable rates. 10 T rmwStn
LOOKING OLASSES. ETO.jQESIBABLK AND ELEGANT GIFTS
TOR CHRISTMAS.PICTURES of every character. Engrravinirs,
Chromos, etc. etc : New Moonlight Photographs;Views In Southern India.
LOOKING-GLASSE- S.
SWISS CARVINGS, embracing almost every-thing, at moderate prices, rangiug from 50c. up-wards. Direct Importation from luterlaken. Thecelebrated
ROGERS GROUPS,Sole Agency. Two new subjects now ready.
PORTFOLIOS. EASELS. New Folio-stand- s,
with our excellent patent fastening.EARLF.S' GALLERIES, open at a I' times, free.
No. 816 CHESNUT STREET. .
WHISKY, WINE, ETQ.
QAR8TAIR8 & MoCALL.
Ho. 120 Walnut and 21 Granite Sti
Brandies, Wines, Gin, Olivi Oil, EU,WHOLKSAUR DKAXKBS IN .
PURE RYE WHISKIES,IU BOND AND TAX PAID. U Ipf
MILLINERY.R 8. R. DILLON,jyj
NOS. SS3 AND 831 SOUTH STREET.
FANCY AND MOURNING MILLINERY, CRAPEVEILS. .
Ladies' and Misses' Crape, Felt, Gimp, Hair, Satin,Silk, Straw and Velvets, Hats and Bonnets, FrenchFlowers, Hat and Bonnet Frames, Capes, Laces,Silks, Satins, Velvets, Ribbons, Sashes, Ornamentsaud all kinds of Millinery Oooda. - : 1
"TOnrFARNUlf 4X)T7COMMIS3ION MERJCI hAat .sdlMuafbotsrar o Oasteuk Tlakiajr. Mlsis. M uaiwmiUi' iwwi raiixl.linna. sibst i
A
