2 THE DAILY EVENING , TELEGRAPH PHILADELPHIA, THURSDAf , JUNE 2, 1870. snn.IT or inn muss. Editorial Opinions of the Leading Journals uponCurrentToplcs Compiled Every Day for the Evening Telegraph. THE TArACY AND THE COUNCIL. F'nn the X. Y. WorUL Tbo luonthupon which wo have jrtst entered will pretty HUiely close in Home upon a solemn proclamation of the dogma of Papal infallibility. The festival of the Friuco of the Apostles falls npon the 2')th of June. It ia nlwnys celebrated in the Eternal City with an extraordinary pomp aud splendor, and it cannot be esteemed otherwise than natural that thope who long for the promulgation of a doctrine the effect of which will be to invest the successor of St. Foter with new and practically unlimited claims upon the reverence and the obedience of tho faithful should desire also to see thoao claims pro mulgated to an expectant Ciureli upon St. Peter's Day. It is true that tho fathers of the CEjumeni cal Couccil have but just begun seriously to discuss the opportuneness as well as the soundness of this most grave and weighty promulgation. While nothing can be more absurd than the majority of tho telegrams which are daily given to the public as records of the debates passing in the Council Hall of the Vatican, no secret is made or attempted to be made in official quarters at Rome of the general subject-matters brought up in those debates. The questions to be successively introduced into the council were settled upon long ago, as well as the order in which they should be presented to the fathers. And it is perfectly well known that tho question of Papal infallibility, while it has oocupied the thoughts of all who are interested in the great ecclesiastical parliament of Catholio Chris tendom now Bitting from the very outset of. tho proceedings of that parliament, has only now come up formally for deliberate con sideration and decisive action in the august body. But if 'any one imagine that a space of three or four weeks is too short a time in which to exhaust the arguments possible to be presented for and against the assertion of a dogma as startling in its form as in its pro bable consequences, he should bo reminded that the (Ecumenical Council of 18C!, though it consist indeed of fathers assombled to the number of many hundreds from all parts of tho inhabited earth, was yet organized ero it came into being, under the careful and un fettered supervision of the Court of Home. l?y the Court of Rome the definition of tho doctrine of Papal infallibility has long been regarded as a necessary outcome of tho as sembling of this great council. In the month of January of the current year, while as yet no suggestion of the definition had been offi cially laid before or dwelt upon by the coun cil itself, his Holiness the Pope hesitatod not to treat the subject as already con cluded. In that month Pius IX approved and enriched with indulgences a prayer for the Greek schismatics, in the course of whioh he caused tho following words to be used: "O Mary, immaculate Virgin, wo beseech thee to be pleased to entreat the Divine Spirit in favor of our erring brethren, that enlightened by His quickening grace they may return to the Catholio Church under the infalliblo authority of its 'chief pastor, the Roman Pontiff." Remembering this, and bearing in mind also that according to the belief of devout Catholics all the opinions and decisions of such a body as an oecume nical council must bo held to be eventually the expression of the supreme will of the Divine Spirit of Truth, it need excito no sur prise that the most solemn and important publications of doctrine should be expected to be inado after no matter how brief a sea son of incubation. A matter of much more moment to the world at large it is to consider how far the definition of Papal infallibility, if made indeed on tho next St. Peter's Day in Rome, is likely to command assent throughout the Catholic Church. It has been somewhat has tily assumed that it can make no great prac tical difference in the ruling conditions of the Catholic Church whether this definition be or be not adopted. An infallible Church the Church of Rome already claims to be, and the bishops of that Church have long attributed so much doctrinal authority to their head in the Vatican that Protestants ' and nor-Catholics may be excused, perhaps, for underestimating the effect, whether for good of for evil, of the new stop now pro posed to be taken. But it is as proceeding from tho head of the Church that Catholio bishops have here tofore accepted and reverenced those utter ances of the elected sovereign of Rome, which, under the new definition, they will bo called upon to bow down before, as emana ting from the personal successor of St. Peter and the personal incarnation of Hiui by whom St. Peter was commissioned. However subtly and ingeniously the new definition may be construed by theologians into an apparent harmony with the existing institutions of the Catholic Church as well us with the actual tendencies of the most enlightened portions of the world of believers, it is certain that the effect of this definition will be to in tensify the strictly personal influence of the Roman Pontiff, and to create towards him more and more of the nort of personal idola try paid by the Russian peasants to their Czar. This, it seems to be clear, cannot be done without setting in motion quite other currents in quite another direction within the bosom of the Church itself. The Catholio Church of tho present cen tury ia a Church catholic by naturo as well as name. Its general administration may be vested in the official court which surrounds at Rome tho chosen head of its hierarchy. But in each one of the many countries of Europe and America in which the Church has either preserved its ancient prestige or secured for itself within recent times a new tenure of life and of activity, it exists under conditions peculiar to that country, and those who are charged with its conservation and extension find themselves forcod to take constant aud careful account of thesa vary. in a conditions. It is already found to be sufficiently troublesome to harmonizo these necessities of local management and policy with the interferences and the requirements of a body remote as the Roman Court, by its situation as well as from its constitution, of course must be from the uieaas of forming t really salutary working judgment on the cir cumstjii'ts of each cae. The trouble would Le indefinitely increased by uu;b a reinforce ment of the authority of the It jtuaa C jurt as the doc trine of Pupal iufullibility must bring with it. Hence it is that so serious an opposition to the prcu lanjution of this doetriue has been made 1 y the episcopacy of those very coun tries in which the Catholic Church exists tinder the most favorable conditions. Tho leaders i f Catholio opiuion jn Prance and in Austm tie men who best nuderstaud the condition under which it has been possible for the ( burch to recover in 1'rauce the pres ide mid the power which the ha J lost, mainly through her own faults And corruptions, in the great revolution of 178;), and to presorve in Austria her importance and her property despite the rapid rise and the overwhelming progress in that empire of the principles which have led to the confiscation of Church estates and tho prostration of eoolesiastioal influence in countries like Spain and Portu gal and Italy these leaders of Catholio opinion believe that nothing but evil to their Church is to be expected from a defi nition which will weaken tho autonomy of the various branches of tho great body. These men know and appreciate far better than any clique, whether of courtiers or of recluses, in Rome rossibly can, tho work which the Church has to do in tho midst of a w orld which they have intelligence enough to see to bo progressive as well as revolutionary. Where the Church of Rome is propagandist and aggressive, as, for cxamplo, in Great Britain, the centralizing doctrine of Papal infallibility naturnlly enough finds support jrs and partisans. Where it is a well-constituted, conservative, and really national insti tution, the opposite doctrine is maintained and clung to. When the centralizers and the propagan dists shall have carried the day at Rome, as all the signs now seem to show that they will carry it, it need surprise no patient observer of the struggle to see their victory followed by such action on tho part of tho most impor tant governments still nominally Catholio as shall sever the Church in those governments from all connection with the State as com pletely as in tho non-Catholio countries of England and the United States. How far such a result is likely to inure1 to the perma nent fortification of that very power of the Roman Court which is now working to bring it about may possibly be inferred from the curious and significant fact that while tho Catholic nations of Continental Europe, whose chief bishops are most resolutely opposed to the policy of the definition of Papal infalli bility, subscribed of Peter's Pence in the year no less than 320,000 out of a total from thewhola world of 440,000, tho English Fpeaking and Spanish-speaking countries, whose bishops are prominent on tho other side, subscribed no more than 120,000. POETRY AND DRUNKENNES3. Fi vm the S. Y. Tribune. Justin McCarthy, in a late excellent article upon the points of diff erence between Eng lishmen and Americans, assorts that, so far os his observotiou goes, Americans are tho soberest race under the sun. "No English man," he says, "not a professed teetotaller, dreams of dining without a glass of wine or ale. In America the ice-water for dinner is the rule, the wine or beer the rare excep tion." Mr. McCarthy notes, however, the existence everywhere of bar-rooms for tho use of a respectable class here, and their con stant use, while "no Englishman whatever above tho level of a coal-heaver or a coster- monger walks into a bar-room at midday and swallows ardent spirits. The barr-ooms of the Fif th Avenue Hotel or tho St. Nicholas would be useless institutions in hotels of that class in London." He is keen-sighted enough. too. to detect the cause of this seeming con tradiction in our habits. "When an Ameri can clunks he drinks to satisfy a certain crav iDg; to supply a certain supposed nocessity; not for the joy of drinking or tho sweetness of prolonged sensation. in this symptom of the lack of sensuous- ness among us Mr. McCarthy finds matter for regret, which, we confess, our prejudices will not allow ns to share. Sixty years ago wine or brandy were as common adjuncts to every meal here as in England; liquor was brought into every rite of hospitality. We drank over the new-born baby, and over the corpse in its coffin. Iso bargain, no social call even between women, was complete without the offered glass of wine; even ministers of the Gospel kept the usual liqueur stand upon their sideboards, it is not hfty years since the motion to refuse tho sum customarily ap propriated by a rresty tenan synod tor tne use of liquor at their annual assembly was bitterly opposed as Pharisaic and fanatical. That so great a change has taken place in this regard among tho educated clauses, and that drinking is almost aitogetner connned to those who drink to satisfy a certain physical craving, we are glad to acknowledge, even if we have to plead guilty that it is owing to a lack of de sirable sensuonsness among us. We venture to differ with Mr. McCarthy when he ascribes this deficiency in our character to the Puritan element. "The man of the Northern and Northwestern States," ho says, "has, to my thinking, less or the sensuous about htm than any other man of any other nation. In his eating and drinking, his art, his literature, the joy of the senses has little part. The deep, absorbing joy in a beautiful sight be cause it is beautiful rarely makes manifest its presence here." Now the Puritan element has in truth very little to do to-day with the men of the xsorth and Northwest certainly nothing so far as its old acrid asoetio influanoe is concerned. A certain thrift and driving energy it has undoubtedly inoculated the New England settlers with, wherover they may be; but if Mr. McCarthy had remained longer among us ho would have perceived that an utterly revolutionary reaction ajiimt its iron rule has long ago taken place among them in both literature and religion. Tue men most likely to find beauty its own excuse for being, or to be capable of "deep, absorb ing joy in a useless beautiful object," are tho descendants of the Pilgrim Fathers. It is among the hard-headed and hard-handad Western settlers, not emigrants from New England, that all high thoughts of heaven and earth are brought down, squared, aud measured by the inexorable rule of common sense. Those unfortunate pilgrims in tha Mayflower have been sadaied wita all our national vices and virtues; from this crime, our lack of sensuousness, at least, they ciu now do scot-free. Mr. McCarthy himself gives the real causo of it when he hints at tho utter absence of caste and traditional usage among us "Everything is on trial here: everything is possible." Hence follows the perpetual frio tion, striving, clambering over each other's shoulders: party conflict, individual conflict, The American is never, like tho EnglUhoiin, born into a social niche; he has not only his bread and butter to make, but his position; not only to conquer the certain place, but to convince everybody that he holds it. Nothing coes without saying here, as in communities Ions graded into ranks. A man's wealth, piety, good breeding, must be, so to speak, thrust down nis neignuora mroai beiore be is accredited with it. At least thit U our ordinary belief and course of conduct. WLat time have we to "loaf and invite our souls V Mr. McCarthy must see tha unrea sonableness of his demands. "The Viennese, w ith Lis yard of thin.bright beer," ha-3 notnin;' bettertodothautoenjoyit. Ribby B irus.sure of dvina a plowman or a oau.er, bad leisure to apostrophize a daisy or a mouse; but if ha Lad lived iu Iowa he would have hvi iot oiilv Lis wheat crop to think of. but his i lace to choofcO and btrugle for, from Presi dent to l iothunotarv. After a while we will Le older aud wiser, and perhaps will tilte time to amuse ourselves and be glad simply because the sun shines and the sky is bluo. But with tho gTowth of a needful sensuous ness we do not believe there will be an in crease of Betsunlity. And we will be not tho worse poets because we havo learned to be sober outs. THE NEW ELECTION LAW OF CON GRESS. Prim the A'. Y. 7VraIJ. The President on Tuesday approved tho bill recently passed by Congress outitled "An act to enforce the right of citizens of tho United States to vote in the several States of this Uiiion, and for other purposes." It ful minates the fifteenth amendment in some of its sections, and in others it lays down cer tain liiles, the general aim of which is to secure tho purity of the ballot-box in elec tions of Representatives, to provide that the fabrio of national government shall not be undermined by fraudulent practies at tho polls. Certainly this is a good and honest aim. Laws to prevent dishonesty or to punish it are harmless and ineffective pieces of pnper if the dishonesty described in them has no existence; but if that dishonesty is found to be a serious and growing evil such laws must be satisfactory to all lovers of fair play, to the millions who are honest, and cn be oppressive only to the rogues. But it is argued against the present law that it is an encroachment upon the rights of the people, because to legislate to this effect transcends the power of Congress. This say ing that Congress is constantly exercising doubtful power is the poll parrot utterance of a sore-headed opposition that wastes itself in drivel. One of the constitution doctors of that opposition prates thus of the law: "The bill which has passed both houses of Congress by a strictly party vote purports to have been passed under the fifteenth amendment of the Constitution, There is, of course, no authority that can bo pretended for it, since tho Constitution, in its original purity, and down to tho time of tho alleged adoption of the fifteenth amendment, took no notice of the qualifications of electors even for any Federal office, excepting to provide that in choosing Representatives in Congress the same persons should have the right to vote who havo it under tho laws of the respective Stales iu choosing tho mem bers of tho most numerous branch of the State Legislature." Now this is tho ignorance of a man who expounds a constitution he never read. There is no point clearer, and there are few points so clear in our constitu lional law, as that Congress has supreme and unqualified power, whenever it may chooso to assert it, over the whole subject of tho election of Representatives in Congress. That power it asserts in this bill, and it distinctly, ppecifically, and expressly declares that it asserts no more. It is even a gratuitous assumption to treat this bill as "purporting to have been passed under tho fifteenth amendment," since it docs not necessarily rest npon that part of tho Constitution. In the first article of the Constitution, sec tion four, are the following words: "The times, places, and manner of holding elec tions for Senators and Representatives shall be prescribed in each State by the Legislature thereof; but the Congress may at any time by law make or alter Bitch regulations except as to the place of choosing henators. If this is not an authority how can authority be given ? Here is only ono limitation upon tho power of Congress to sweep away every line of State law on the subject of the election of members and to put in place of that law the will of the nation as expressed through Con gress. Any arrangements as to the election of Congressmen hitherto made in the States CoEgress may modify, or it may completely substitute others: only it shall not legislate as to the place of choosing Senators. Alt, therefore, that is in this so-called fifteenth amendment bill is as clearly within tho au thority of the national legislature, under the "Constitution as it was, as is the power to pass a naturalization law. .Not only, therefore, are tne objectors to tho bill the rogues who feel the halter draw ignorantly wrong in their constitutional point, but they are pitifully maladroit in tho squirm they make to the effect that if Con gress thus asserts power over the election of members the State may put all other elections on some other day. This poor dodge might avail if Congress did not see fit thereupon to declare that members should be chosen upon the day of tho general State election; but it is a clear acknowledgment of what the repeaters fear. Congress puts the election in the hands of United States marshals, and empowers these officers to call upon the mass of the people, or the militia, or the land and naval forces of the United States, to guarantee a fair vote. If the election is overlooked by soldiers, officered by resolute men, who have and can nave no stake in tne civil contest, a gang of repeaters will not walk up to a poll in this city and deposit votes by the handful in defiance cl the authorities, or with the assent of the authorities. We will fairly get at the real political complexion of places like this city and upon the election of Congress men we shall at least have a point of com pari 6on to judge ot other elections even if en forced Lout-sty on one ticket shall not secure a like benefit on all the rest. THE TARIFF QUESTION NOT A PARTY ISSUE. From th N. Y. Times. The debates and divisions in the House of Representatives upon the Tariff bill should dissipate all fears as to the introduction of party lines and party discipline on tha gene ral question which underlies the imposition ot customs duties. The JJemocratio party, judged by the votes of its reoresentatives, cannot identify itself with tree trade; and certainly there is scant support for those who prof ess to find in the ranks of Repub lican fiscal reformers a host of converts to free trade as a principle. An analysis fnrnished from Washington shows that of the fifty-five Democratic members, thirteen have committed themselves to the legiti macy of protection as a revenue principle, while several others affirmed tha expediency of protection in exceptional cases. Thus, Pennsylvania Democrats vie with Pennsyl vania Republicans in supporting high duties on iron; and the Kentucky Democrats act almost as a unit in favor of protection to hemp. Local interests override Democratio free-trade pioclivities, and practically com mit these two great States to the protective principle. On the other band, there are per haps not more than a couple of Republican members who have avowed themselves free traders on principle; the reformers within the party who have fought steadily, and withal successfully, against the pretensions cf the monopolists, having in no respect iden tified themselves with free trade as a theory. Ihey Lave assailed high duties aud have re sisted attempts to ujuKe them burner, but without surrendering the principle which justifies the protection ot industry as an in cident of taxation. These facts are conclusive as to the fate tLat will attend any effort to identify the Uiiff question very conspicuously with tho Republican platform. With the votes of so many of its members in support of protective duties, the Democratio party cannot honestly boast of devotion to free trade. And with so large and so aotive an element in favor of re duced duties and a systematic revision of tho tariff, the Republican party cannot affirm Its adherence to the ultra-protective principle as championed by Mr. Kelley. For though all, or nearly all, are In a certain sense protec tionists, there is an essential difference be tween tho protection conceded by tho tariff reformers and the protection behind which the monopolists desire to conceal their pur poses. In one case it is the result aimed at w ithout reference to the interests of the reve nue, or the effect upon consumers and the country tho effect being a series of monopolies which confer on tho Treasury no advantage at all commensurate with tho injury inflicted upon tho great body of tho people. In the other case, the protection upheld is the equitable application of a prin ciple which exacts no more than a duo regard for native industry, in the apportionment of burdens which fiscal exigencies render inevi table. On the latter basis, tho simplification end reduction of the tariff becomes possible, without disregarding tho embarrassments from which our industries suffer under tho requirements, of a heavy debt. Tha differ ence between the monopolists and the tariff reformers is, then, after all, fundamental. And it furnishes a guarantee against all at tempts to fasten upon the Republican party an issue which, in the present circumstances of the country, no party can afford to make. 'J. Lere must be the largest liberty of opinion on the tariff question, and this liberty will make possible a continuance of Republican unity. This mixing of parties and sections in re ference to a question so closely connected with tho nation s material prosperity is not a circumstance to be regretted. Nothing could be more unfortunate than a partisan contest, sharp and well-defined, in which a free-trado tariff or a protective tariff should bo the point to be decided. Tho vicissitudes of in dustry and trade, which are inseparable from changes in the scale of duties, or in the po licy of tho Treasury, are sufficiently great already. 1 hey would be ruinous if the for tunes of parlies involved reasonable protec tion to heavily taxed labor and capital, or unprotected competition with the cheaper labor and more abundant capital of othor countries. Moreover, the absence of irritating partisan distinctions in the consideration of the tariff affords ground for the expectation that tho good sense, tho intelligence, and tho moderation of both parties will ultimately unite in the revision of tho present tariff, and in the construction of a tariff which shall at once enrich the revenue and protect strug gling industries. SPECIAL. NOTICES. B&y PENNSYLVANIA KA1LKUAL (JU.U- FANY, TREASURER'S DEPARTMENT. Philadelphia, Pa., May 8, 1970. NOTICE TO STOCKHOLDERS. The Board of Directors bave this day declared m semi annual Dividend of FIVE PER CENT, on the Capital Stack of the Company, clear of National and State Taxea, payable in cash on and after May 30, 1870. Blank Powers of Attorney for collecting Dividends can be bad at the Ollice of the Company, No. 23d South Third street. The Office will be opened at 8 A. M. and closed atS P. M. from May 30 to June 3, for tbo payment of Dividends, and after that date from 9 A. M. to 3 P. M. THOMAS T. FIRTH, 6 4 60t Treasurer. fog- NOTICE. A 8 FECIAL MKET1NU OF the Stockholders of the PHILADELPHIA, OER. MANTOWN, AND NORRISTOWN RAILROAD COM PANY will be held in Room No. 24, PHILADELPHIA EXCHANGE on THURSDAY, the 9th day of Jane next, at 13 o'clock M., for the consideration of an act of tha General Assembly of the Commonwealth of Pennsylvania, entitled "An act to authorize the Philadelphia, German- town, and Nonistown Railroad Company to iaorease its Capital Stock," approved tha 21 t a day of March, 1870. By Older of the Board of Managers. CatoP A. K. DOUGHERTY. Secretary. t&f NOTICE IS HEREBY GIVEN, IN accordance with the provisions of the existing aots of Assembly, that a meeting of tbe commissioners named : . : . i ...4 a a a n 1 v. L i. i r L i in an tiv.i. riinoiru Aunvbvu luuiriimiMv uuv . ..v. v HON FIRE INSURANCE COMPANY, to ba located COMPANY, in tbe city of Philadelphia," approved tbe 13th day of A pril, day ot April, A. D. 1870, will be held at 1 o'clock P. M. on tbe loth fay of June, A. D. 1H70, at No. 132 H. HK VENTH Street, Philadelphia, when the books foe sabsoription to , It. lnaH, and u e supplement thereto, approved tne ata tba cauital stock will be ooeaed and tba other action taken requisite to complete the organisation. t 13 lua tgjT NOTICE IS HEREBY GIVEN, IN accordance with the provisions of tha existing acts OI Assembly, that a meeting ot tne commissioners named in an act entitledl "An Act to Incorporate theMOYA- MEMSINU tlHK 1N.SUKANUK (JOnrANl, to bo located in tha city of Philadelphia," approved tha 13111 day of April, A. D. 1H59, and the supplement thereto, ap proved the 26 tb day of April, A. D. 1870, will oe held at li o'clock M. on tha 15th day of June, 1H70, at Ma 13d 8. SEVENTH btreet. Philadelphia, when tbe books lor sub scription to tbe capital stock will be opened and tbe other action taxen requisite to complete tne organizai ion. a i.iim ggf N O T I C E. Oyncu of Cues and Ohio Oamal, ) The annual meoting of the Stockholders of t his Com. annapoi.is. nay . iw. nanywUl be held iu ANNAPOLIS on MONDAY. June 0, ibiu, at x o ciocb r. oi. .., 6M6 6 Secretary to Stockholders. tg? OFFICE OF THE SCHUYLKILL NAVIGATION COMPANY, No. 417 WALNUT Bireei. PHILADELPHIA. Ms 35. 1870. NOTICE IS HEREBY (.1VKN that a Moeuial Unml Meetinir of tho Stockholders snd lxan)uildors f thin Company will tie held at tins office on MUNI) aY,theKh day ol June, iHiO, t it o'clock A. At., lor tne purpose of considering a proposition to lesse th work, franchises. and property ot tbe Schuylkill Navigation Company to the rnuaoeipuia ana neauiug tvauroaa company. ii order of the Manatcer. 6i6 thstu td F. FRALKY, President. NO CURE, NO PAY. FORREST'S JUNIPER TAR For Coughs, Croup, Whooping Uongn, ABthnia, Bronchitis, sore Throat, emitting o Blcod, and Lung Diseases. Immediate reliof and posi tive enre, or price refunded. Sold by FRENCH. RICH ARDS A CO., TENTH and M ARKKT, and A.M. WIL SON, NINTH and FILBERT Streets. 4 SstuthSot t- TKEUOS TEAlitKUX TOOT li WASH. It Is tbe most pleasant, ebeapaet and beet dentifrioa extant, vvarraniea iree iroia loiurious ingredient. It rreserves ana viuitens tne l eeini Invigorates snd Soothes tbe Gnmsl Purines and Perfumes the Breath I Prevents Accumulation of Tartar! Cleanses and Purifies Artificial Teeth! Is a Superior Article for Children! 8 i 10m Oor. NINTH AN1 lUKbtbludaphia. Bold Pf all arujrgists ana aeniista. IlKAUyCAKlfcKa (UK J A I KAU i i U do tiain. Dr. F. R. TliOMaS. formerly oueralor at tha Ooltoa. Dental Rooms, davotea bis auurs rautioa to tha painless extraction ol taalli. Uffiua, no. u riaijnu i iuoou I m gy- A TOILET NECESSITY. AFTER nearly thirty years experipove, it is now guoertlly admitted that MURRAY A LA.NMA.N a FLORIDA WAIhK is tha most refreshing ana agrueabln of all toilet perfumes. It is entirely ditlttrent from Cologne Water, and thoulil never ba confounded with it: the pur fume ot the Cologne disappearing in a few moments after Its appJu'uuon, whilst that 01 the florida Water lasts tor many aays. aij fi- QUEEN FIRE INSURANCE COMPANY, OA PITA L, i,000,oou. SABINK. ALLKN k DULLKM, Agents, 25 Una and WALNUT Street rgjy WARDALE G. MCALLISTER, Attorney ana uoanseiior a, uhw. No.i3 BROADWAY, New York. l. T. EABTON. 1. M'MIROH. E Jl M i U H 91 c 91 A 11 O IV, SHWPINO AND COMMISSION MKHCUAS TS. No. i OOENTIKH BLIP, New York. No. 1 ttOUTU W11ARVK8. PbiUdeluhia. No. 45 W. PRATT Vtreet. Baltimore. V'e tre prepared to ship every description of Kreiirht to Philadelphia, New York, tvilmiuguin, aud intermediate toinl with proiuptnena and deapatuu. t'anal Boats aud b t Ui -t a turniabedat tnesuurUMt notice 1 01IN FAUNUM & CO., COMMISSION MER- 1 1 chsutsand Manufacturers of Uoneatuua, Ticking, eto. (ot 4 vjuiujAu i ouvwi. rouaaa pui, mini. FINANCIAL. SEVEN PER CENT. First Mortgage Bonds or rut Danville, Iltixleton, nnd Wllkes- bnrre Railroad (Jompaiiy, At 05 and Accrued Interest Clear or all Taxes. INTEREST PAYABLE APRIL AND OCTOBER. Persons wishing to nmfee Investments are Invited to examine tbe merit of these BONDS. Fampbleta supplied and full Information given by Sterling & Wildman, FINANCIAL AGENTS, No. 110 SOUTH THIRD STKKKT, 4 IS tf PHILADELPHIA. Government Bonds and other Securities taken In xchange for the above at best market rates. WE OFFER FOR SALE T1IE FIUST HOItTUAGE BONDS OF THJ SOUTHERN PENNSYLVANIA IRON AND RAILROAD COMPANY. Those Bonds run THIRTY TKiRS, and pay SEVEN PSR OKNT. interest in gold, clear of all taxes, payable at tha First National Bank in Philadelphia. Tbe amount of Bonds issued ia St'i5,000, and are secured by a First Mortgage on real aetata, railroad, and franchises of the Company tha former of which cost two hundred thousand dollars, whioh has been paid for from Stock subscriptions, and after tha railroad is finished, so that tha products of tha mines can ba brought to market, it ia estimated to ba worth IS 1,000,000. 1 he Railroad oonneots with tha Cumberland Valley Railroad about four miles below Ubamberaburg, and runs through a section of tba most fertile part of tha Cumber land Valley. We sell them at 03 and aooruad interest from Maroh L For further particulars apply to C. T. YERKES, Jr., A CO., BANKERS, KO S SOUTH THIRD STREET, FHUiADKLFHIA. Wilmington and Reading RAILROAD Seven Per Cent. Bonds. FREE OF TAXES. We are oiTerlna; $300,000 of the Second Mortgage llonds ot tills Company AT 82! AND ACC'JlTJED INTEREST. Foa the convenience of Investors these Bonds are issued In denominations of $10008, $500s, and lOOs. Tbe money Is required for the purchase of addi tional Boiling Stock and the fall equipment of the Boad. The receipts of the Company on the one-half of the Road now being operated from Coatesvllle to Wil mington are about TBN THOUSAND DOLLARS per month, which will be more than DOUBLED with the opening of the other half, over which the large Coa Trade of the Road must come. Only SIX MILES are now required to complete the Boad to Blrdsboro, which will be finished by the middle of the month. WM. PAINTER & CO., BANKERS, No. 36 South THIRD Street. r6 PHILADELPHIA. JayCooke&Gx pniLADELrniA. NEW YORK. AND WASHINGTON, BANKERS AND Dealers in Government Securities. Special attention given to the Purchase and Sale of Bonds and Stocks on Commission, at the Board of Broken In this and other cities. INTEREST ALLOWED ON DEPOSITS. COLLECTIONS MADE ON ALL POINTS. GOLD AND SILVER BOUGHT AND SOLD. RELIABLE RAILROAD BONDS MENT. FOR INVEST Pamphlets and full Information given at our olflce INo. 1 14 S.TIIIIID Street, PHILADELPHIA. 4 18m D. C. WHARTON SMITH & CO., BANKERS AND BROKERS, Ho. 121 SOUTH THIRD BTUBKT. Qooeeeors to Smith, B adolph Oe, Krsry branob ol the basiaaas will hare prompt attention as heretofore. Quotations of Stocks, Qoreaajnenta, and Uold eon. alantly received froaa New York byprieaM wars, froa oai friends, Edjnund aadoipb A A FINANCIAL.. LEI mill CONVERTIBLE Per Cent. Firt Mortgage Gold Lo&n, Free from nil Taxes. We offer for sale $1,750,000 of tba Lehigh Goal and Navt ation Comrauy's new First Mortgage Six Per Cent. Gold Bonds, free font all taxes, Interest dua Maroh and Bep terober, at NXHET'Sr (90) And Interest in currency added to date of purchase. Three bonds are ata mortgage loan of $3,000,000, date. October 6, imp. They have twenty Ave (25) years to ran. and are convertible into stock at par until lb7S. Principal and intorest payable in gold. Tby are secured by a first mortgage on W00 acre ot coal lands in tba Wyoming Valley, near Wilkeebarre, at present prodnoing at tha rate of 800,000 torn of ooal per annnm, with works in progress whioh contemplate a larga increase at an early period, and also npon valuable Real Katate in tbis city. A sicking fond of ten cents per ton npon all ooal taken froEi the mines for five yoars, and of fifteen eants par ton thereafter, is established, and The Fidelity Insnranoe, Trust and Safe Doposit ( ompany, the Trustees under tha mtrtgage, collect these sums and invest them ia thesa Bonds, agreeably to tbe provisions of tba Trust. For full particulars, copies of iha mortgage, eto., apply to O. H. BORIS, W. H. NRVVBOLD. SON AERTSEH JAY OOOKE CO.. DKKXFL A CO., K. W. CLARK & CO. 5 i la, CITY WARRANTS Of LARGE AMOUNTS Taken Very Cheap. DE HAVEN & BK0 Nc. 40 Couth THIRD Stroot. tin B. K. JAMISON & CO.. SUCCESSORS TO I. IT. KELLY 'Sc CO., BANKERS AND DEALERS IN Qcid, Silver and Government Bond. At Closest Market Uatea, N. W. Cor. THIRD and CEESlfUT 8ti. Special attention siven to commission nwnmja In New York and Philadelphia Stock Boards, eto, S I U V" jej u, FOR SALE. C. T. YERKES, Jr., i CO., BANKEKB AND BROKERS, No. 20 Qouth THIRD Street. M PHILADELPHIA. No. 48 SOUTH THIRD STREET, PHILADELPHIA. GLEND1NNING, DAVIS i AMOflT, No. 2 NASSAU STREET, NEW YORK, BANKERS AND BROKERS. Receive deposits subject to caeck, allow Interest on standing and temporary balances, and execute orders promptly for the purchase and sale of STOCKS, BONDS and GOLD, In either city. Direct telegraph communication from Philadelphia honge to New York. j a p O R SAL E WilliamBport City 6 Per Cent Bondg, FREE OK ALL TAXES. ALSO, Philadelphia and Dai by Railroad 7 Per Cent Bonds, Coupons payable by the Chesnut and Walnut 8treets Railway Company. These Bond will be sold at a price which will make them a very desirable Investment. P. 8. PETERSON & CO., No. 39 SOUTH THIRD STREET, Ki PHILADELPHIA E LLIOTT I U If 1 BANKERS No. 109 BOUTH TniRD STREET, DEALERS IN ALL GOVERNMENT 83CTJRI TIES, GOLD BILLS, ETC. DHAW BILLS OF EXCHANGE AND ISSTJa COMMERCIAL LETTERS OF CREDIT ON THE UNION BANK OP LONDON. ISSUE TRAVELLERS' LETTERS OP CREDIT ON LONDON AND PARIS, available throughout Europe. Will collect all Coupons and Interest free of charg a for parties making their financial arrangements with us. 4 as; HIANOB. ALBRECHT, BIEKR8 fJUUMIDT, ataNvracTuatua or rmSTLAbU PUNO-tOBTBS. Fall guarantee and moderate uriooa. I s 5 W AEMUOO&8, i 610 4K00. 8trati,
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