THE NEWJ YORK PRESS. Editorial Opinions of the' Leading Journals Upon the Most Import ant Topics of the Hour. COHTILED BTBBT DAT FOB FVENIMO TKI.EORArn. The President on National Affairs. From the Timet. In taking part, indirectly, in the Contitu ttonal debate, tbo President has greatly helped to bring members back to a consideration of the peril" whlcb may follow a careless tinkering of our organic law. And his words of counsel and suggestion met a response yesterday, from one section of vhe Ilouse at least. The greatness of the amendment already engrafted upon the Con stitution, by which slavery is forever abolished, the President desires to have kept steadily in view.. ITie far-reaching effects of that amend ment be seeks to emphasize, aa affording guaran tees that the institution can no longer be an ele ment of political division or of strife. The danger Of multiplying additiona 1 amendments he points out wltn great force. Bat he mildly suggests that t additional amendment supplementary of the grand Constitutional provision for the over throw of Blavery are to be made, thry miirht be compressed into a declaration thai: "'Repre Bentation shall be apportioned among the seve lal States which may be included within the Union according to the number of qualified voters in such State, and direct taxes shall be apportioned among the several Stutes which may be Included w ithin the Union according to the value of all taxable property in each State." Such a Constitutional amendment as this he thinks feasible, probably on the ground th,U it would leave the question of suU'rago where it has always belonged, and might also supply an inducement to each State to have the li.it or its lcgalirqualifled voters as large as a regard to local interests would permit. The argument on the other side he does not touch. But to such, extent as is here indicated the President would go, for the sake of leaving to individual States the light of control over the suffrage, while at the same time supplying them with motives to remove political disabilities of the unrepresented classes among them as last as may be possible or expedient. There is doublless something in this view of the case although it does not cover the whole argument. There is no longer a slave popula tion at the South to count three-tilths in the apportionment of Representatives, and that basis of distribution, however good an expedient it may have been, is destroyed by the march of events, to continue it supposing tne States themselves were content with such a share in the national representation as it would give them would be a practical recognition of a dead pocial institution as a living political power. On the other hand, to count the entire black popu lation in any new basin of apportionment, while decreeing the perpetual political disability of that class, would certainly be a surrender to' one section of the country ot a share of representa tive strength to which it baa never before laid claim, and which could only be conceded at the expense ot equity. The great central point, however, which, the Prebident and those Who cordially act witn him in Congress stek to affirm in any proposition looking to further amendments ot the Constitu tion, is the lact that the lately insurgent States bave never been out of the Union: that they consequently still possess certain indestructible right; and that the less these rights are im paired (consistent always with the national honor and safety), the better for the whole country. The argument is not one founded on any mere sentiments of regard for "erring brethren." It is a practical matter of concern for us, as well as for them. Aide from the funda mental principle that in every free community taxa'ion implies the ririht of representation, we have to look at this matter of taxes on Southern property from the standpoint of our fiscal ne cessities. Our light to tax these unrepresented States a right which wo have exercised all through the war implies that they have never been out of the Union. All their ordinances of secession wre simply so many attempts 10 get out,. Thi se attempts proved abortive; and till the resolu tions, and ordinances, and proclamations of the secession leaders became simply the expressions of a purpose which was destineu never to be fulfilled. This point settled, we set to gather u taxes on everything taxable, South as well as North. And if we are indifferent to the princi ple ot permitting representation and taxation to go hand in hund, let us at least not lorgct that every day that prolongs the disability" of the South prolongs also the state of industrial col lapse induced bv the war, hinders the influx of capital, retards the procre.ss of immigration. and, as acertain consequence, lessens the income Ave seek to get to help us in bearing the national burdens. : TLc deliberations of Consress, in view of these facts, ought surely to be directed, with judicious tsniperaienes-, to the question of early restora tion, words uttered, or resolutions tramed, in any njiirit ot vengeance or hatred are 6adly out oi pluce. We are not dealing with private wrongs or grieviaices, but with the interests of vast communities. Each day that finds these communities unrepresented in the National Lecislalure, aeeravates the responsibility ot continuing to govern them bv abnormal military law. it mis responsibility is not leit by a ma- loritv in Ccnuress, it is lelt by the President, and it is assuredly felt deeply and widely by the people, who see an increasing public debt and tlimuiinhed revenue returns in whatever deci eions of Congress tend unnecessarily to delay tne great uay oi uesiorution. Our Revenue System. From the Tribune. The last Congress authorized a Commission to investigate and scrutinize the whole subject of taxation, with a view to the simplilication o our reveuuc system, so as to render our taxes less multifarious and less burdensome. That Commission has made its first report, whereof a synopsis appears in our columns this morning. The changes they propose are numerous, im portant, and, we believe, in the main, Judicious. Among them are the following: 1. An exemption of all incomes below S1000 from the income tax. 2. A reduction of the tax on distilled liquors from $2 to $1 per gallon. 3. A remission ot all taxes now levied on wear ing apparel. 4. A repeal of the taxes now levied on piar iron (f2M0 per ton), coal (six cents per ton), and crude petroleum ($1 per gallon). , 6. A repeal of all taxes now levied on books, magazines, and pamphlets, leaving the present taxes on paper, leather, etc.r untouched. 6. A reduction by one-halt of the duties now levied on home mauulacturos generally. 7. A repeal of all taxes now levied on repairs Of engines, carj, carriages, ships, etc. 8. A repeal of all taxes embodied in schedule A ot the Internal Revenue act of last session, except those on billiard tables. i). A reduction of the tax now levied on bro kers' sales of stocks from 5 per $1001) to $1 per $1000. 10. An increase ot the tax on raw cotton from 2 to 6 cents per pound. These inodincations are proposed to take effect on the 1st day ot July next, or at the commencement of the next fiscal year j and their general ellect will be a reduction of our present burden of internal taxes bv about one-fourth. Yet, even with these meliorations, they calculate that our internal revenue will amount, for the year ensuicg, to no less than S237.OUU.ouO, and for duties on imports to $13o,(.0O,OU0, making an aggregate revenue ot $.lG7.oou,Ouo. It, then the cost of mipportiuK our Goverument shall be $100,000,000 (and it certainly oueht not to he more) and the interest on our public debt should reach $1C7,000,000 (which it will not). thre would be left $100,000,000 to apply to the reduc THE DAILY EVENING tionof the principal of our national debt, at wnlrb rate it would oe utterly vsunjuisnea within twenty to twenty-five years. Let Congress but avoid needless aggravations of our public burdens by the assumption of Stete and local dobts, or the "equalizing" of bounties, or the creation of a large standing army, oranyolthe glgntlo schemes of public plunder now rifct and we shall very sion be able to reduce the several rates of taxation with out diminishing their productiveness, until the weight of our giir antic burdens will scarcely be felt, because our atrgreeates of population, pro duction, and wealth will have been so largely augmented. Bankruptcy nnd Repudiation the Cost of Biitlbh J-roe Trade. From the Tribune. On the 12th of January, 1843, Mr. Walter For ward, Secretary of the Treasury, reported to Congress the result of negotiations for a loan of $3,600,000, which negotiations were begun in April, 1842. Only two bids had been made for this loan onek 1 $50,000 and one of $00,000, both at 90 per cent, for a 6 per cent, twenty year stock. The Secretary, in a special report to Congress, said: "The repeated ia'lures incurred In negotiating at home upon advantageous or creditable terms sugeestod the policy of sending an agent abroud for the purpose of endeavoring to ellect a favorable negotiation in England or upon the Continent. Accordingly, a gentleman of the hichest consideration for intelligence and integrity was selected for the purpose, and left the United States in July lnt. I regret to com municate that he has since returned without eiiecting the object ot his mission." The United States of America "shinning" through Europe lor the paltry sum of $3,600,000, and tinned away with flat refusal from the door of every bankiwr-house at which our poverty compelled us to stand, hat in hand, humiliated beggars 1 British free trade brought the nation to i hat rilstrrace. The repeal of the protective tariff of 182H, by successive stages of ruinous leeisiation in 1834, ih;iu, and years loiiowmg, toppled the country down from the height ot prosperous industry on which that wise mea Mire of economy placed It, into stagnatita and bankruncy. Mills, furnace", and workshops were everywhere closed; mechanics were starving or wandering as beggars towards the public domain; poorhouses were tilled; money was scarce ana interest devoured; land had (alien to one-ball and a third of its. previous value; lawyer and sheriffs were everywhere busy: backs were in suspension; States repudiated their debts; the General Government had not money enough to pay it legislative and execu tive officials thMr salaries, and was utterly without credit; the burden of bankruptcy upon merchants, manufacturers, and nieu of every business was so universal and so crushing that Congress had to Iree the people throughout the Union from their" indebtedness to each other by a general bankrupt law. There never was in the history of civil nffairs a more frightful demon stration ot tne misity ot a taise tneory man tne prostrate conditon of this country in 1842 fur nished of the untruthfulness and wickedness of the policy of British free trade. On the other hand, in July, 1806, the United States, then borrowing money on short time lrora its own citizens, naa temierea ana paia over to it in one day over $39,000,000. Between the lt of January in that .tear and the 9th of July the Government borrowed of the earnings and savines of the men and women of our own country $830,000,000. Whence eame this marvellous ability to lenar Whence come this ability to borrow? It came from the realized wealth' and prodie;ou3 Indus try of the country creat-d by the tariff' of 1801 and its subsequent amendments, wltn tne aid or the "accidental tariff " of the hich price ot gold needed to pay customs. Adherence to the policy which established this industry and created this wealth will make the nation more prosperous in the future than it has ever been in the past. A new embrace of British free trade will assuredly bring it to poverty, bankruptcy, and the necessity of repudiation. The Frecdmcn's Bureau The Wild Legis lation of Congress From the Herald. We have already chronicled the fact that the bill enlnrgins the powers of the Freedraen's Bureau has passed the United States Senate by a large majority. It is, therefore, now before the House of Representatives, and to that body must the people look lor the rejection of the scheme. I'rerjared as the American people must, have been tor almot-t every kind of wild and reckless legislation, under radical rule iu Congress, we bclievo we express their unanimous sentiment when ve state that a measure bavin" the rannti cations ol this Freed men's Bureau never entered their minds. What does this bill propose ? It Liovides that Its operations shall extend to re tiicees and freedmen in the sectio covered by the Rebellion; that this section shall be dividod into districts; those districts into sub-district, not exceeding the number of counties or parishes in each State; and that each district and sub district shall have its local aeeut, at a salary of tittten hundred dollars per annum. Now that the war is over, we do not, see what the Govern ment has to do with relugees, supposing them to bp white, any more than ic has to do with the paupers in our almshouse at Dellevue. We, therefore, in considering the subject of this FrPtd men's Bureau, throw them out of the scale altogether. Now, how will this measure operate By the provisions of the bill the Secretary of War is authorized to "issue provisions, clothing, fuel and other supplies, including medical stores and transportation, as mav be deemed needful," etc. In other words, it Is establishing a Gigantic Gov ernment poorhouso lor the emancipated blacks; and those who have plantation experience ot the tegro character know that he will not be slow to avail hlmsell of the benefits of an elemosy liary institution like the one proposed. The measure is not only a bad, but a wicked one. It demoralizes the negro; it encourages hiin in habits of laziness; it offers a premium to indolence and affords shelter and protection to the black man which have never been, and probably never will be, acoorded by .the Government to the poor white, man in the South. It will place a use less -Government olliclal in every county and parish in the late revolting: States, constituting aitogeiner an nuuteuse army oi greeay oiuce holders. It will saddle the country with un enor mous expenditure, say filtcen, perhaps twenty millions of dollars a year. It w ill lorce upon the Government a million of negroes as per petual dependants and pensioners, all, nououbt, pertcctiy. contemeu, ktx-uuse tney nuvu an tuey want plenty of rations, abundance to eat and diink, and no wortc. It will foster the hiving ot drones, it wui matte me Kite more une, ana the lazy lazier. Briefly, it will paralyze the industry of the boutn, ana is nothing in any purticular but a reckless, extravagant, gitsan tic nnd preposterous scneiue of Government charity. And what will make it more in ercst- Ins to our overnurtneuuu taxpayers, tney win have to pay for IU If the bill is intended as an experiment, it mav serve the purpote of an ena- have a single idea and that about the negro to ventilate their oratory. In that light it may be regarded as a furnishing bureau, established to serve up food lor radical aud declamatory speeches. But if it be intended as a serious matter, it is calculated not only to embarrass President Johnson in his restoration policy, but to entail a vast amount of mischief and injury on the country. The people of the South do not want any measun of the klud. Thev dread its effects. 'They are rttiay to do what they have always heretofore dne tako care of iheir sick, aged, and decrepit servant. The servants them selvesas a general thing, are doing- very well nrder the peculiar circumstances of the situa tion. Manv who left their former masters, and came '.North, have returned nonse aud been kindlv received and taken care of. The former relhtions between master aud servant having been summarily sundered, it will take a little while before the relationship or anythlug likened to it is restored. But the well-fed and kindly treated colored servant, alter having TELEGRlTH. PHILADELPHIA, WEDNESDAY, JANUARY 31, 18G6.t tasted the benefits of liberty in the North, and received the cold charities of his bawling Northern sympathizers, Is prone to return to the old homestead in the sunny South and resume the easy life he once led free, to be a ire, but still having an Irrepressible yearning for the scenes amid which he was domesticated. Things are gradually becoming tranquillized in the South, especially with respect to the uses and obligations of labor nnd capital, and all the tinkering and hammering which radicals in Congress Indulge in, and all the bills they pro pose I'ke the one before us, are only caliilatnd to Veep alive a feeling of irritation and resent mont. and prolong to an Indefinite period the restoration of good order and amicable social and business relations, both with the North and with the Southern laboring population. , 11 Congress is determined to proceed in this preposteious and costiy experiment of charity, wny noes it nor tate tne cases ot our oest.tute and disabled white veterans into 'consideration T Many ot these brave fe low s have famiieg depend ing upon them for a pitiful subsistence, and the widows and orphans in ado by the war can be numbered by thousands. Why does not the Government look after these poor and worthy creature?, instead of concocting schemes to feed, clothe, and demoralize fat Southern ne groes, who have been aecustomel to labor and have extensive fields lor employment all around them ? Or Congress might take care of the poor emigrant as he lands upon our shores, point him the way to the Government poor house, and keep him there. In short, there are numerous ways In w hich the Government can spend its millions of dollars, pile on taxation and task the people unt 1 ttipy groan arain under their burdens; but there is iione t-o transparently preposterous as that ot the Frecdnien's Bureau blil now before the House of Representatives. If it be not k'lled there, the force oi wild, reckless, and ex travagant legislation can no further go. Smuggling. From the World. The Canadian journals tell us that smuggling to this country lrom their Province is conducted chiefly by citizens of the United States, who glory In outwitting and circumventing our established institutions and comfortable officials. The Canadians themselves, they say, are com paratively a quiet kind of people, who mind their own business honestly, and with little spirit of adventure. The Canadian tariff, which is by no means trilling, does much to protect us on that frontier, although even now its amount is bv no means inconsiderable. It is upon the Atlantic coast that this disreputable enterprise pays best. Goods landed there are brought direct from the countries of their origin. No wonder, iben, Staten Island and other places in this vicinity should be entrrpota of illegal traffic. It appers, also, that the "land d steady habits" encages in this business every day in tne week. Smuggling, we learn from the Boston Commer cial hvlidin, is now a permanent institution, not so much by running eoods ashore irom ships a by landing whole enrgoes along the entire coast of Massachuset'B und rhc rest of New England. "The custom-house?," says the Bulletin, "have night-watchmen, whose bents are as well known to the smugglers as to themselves, and of course tl ese are always avoided; but a million of men w ould not be enough to l;ne our extensive coast and guard all the places where goods can be landed. Our revenue-cutters are limited in their supply of coal, a lact which is also well known, nnd therefore they cannot overhaul vessols at all times; so the smucglers have very little to upprehend lrom interference in their illicit tratiic." The Buletin very properly repeals a sugges tion that the Navy Department, instead of sid ing heavy squadrons to foreign ports, should tit out a large number ot small, fleet vessels, to cruise along our coasts, and aid iu protecting the reve nue and honet traders. FINANCIAL. R E IVI O V A L TO NEW OFFICE. On MONDAY, 8th Inst., wo shall remove from our temporary Office, 2o. 303 CUliSNUT Street, to our old .ocatlon, No. 114 s; THIRD STREET, With greatly enlarged facilities for the PUrtCIIASF. AND SAIiI3 GOVERNMENT AND OTHER SESURITIES, And the transaction of a general Banking business. JAY COOKE & CO. rblladelphla, January 1. 1866. 161m COPARTNERSHIP NOTICE. FROM THIS date, BESKY D. COOKE. HAKKI8 C. FAIINE KTOCK, PITT COOKE, JOHN W. SEXTON, and GEORGE C. THOMAS are partners with ns in the Finn of JAY COOKE ft CO., phllaoelnhla. JAY COOKE, Win. G. MOORHEAD. Philadelphia, January 1, 18C6. 1 lm XJ. S. SECURITIES. A SPECIALTY. SMITH, RANDOLPH & CO., t. BANKERS & BROKERS, 16 S. THIRD ST. 3 NASSAU ST. ruiLADKLrniA. NEW YORK. STOCKS AND GOLD BOUGHT AND SOLD ON COMMISSION. IMEBEST ALLOWED ON DEPOSITS. 13 JJAIirEIt, DUUNEY & CO., 13 AN KE IIS, STOCK AND EXCHANGE BROKERS, No. 55 8. THIRD STREET, PHILADELPHIA. -Stocks and Loaus bought and sold on Commission Uncurient Bauic Notes, Coin, Etc., bought and sold. Kincial attention paid to too purchase and salo oi Oil S'ocks. DopostU received, and Interest allowed as per agreement. 1218m 5 20s- 7'308, WANTED. 'IE IIAVEN & BROTHER' No. 40 S. THIRD STREET. 1-T WT I L L I A M H . GRANT, lV cOMMINhlOW MBRfHANT, No. S3 8. I. AW AUK Av.uua, Philadelphia, m.i roa Pnprnt'a Ounpowrler, Ui.llneJ Nltrs, Charcoal, Etc. W. linker Co 's t'hutmlata. oouii, and liro.ua. Crocker bros. & Co.'s (luw M tal bheaihlni;, Bolts, and Nails. hi LADIES' FANCY FURS. LADIES' FANCY FURS. JOHN FAREIRA, No. 718 ARCH STREET, ABOVE SEVENTH STREET 4 At his old-established store, IMPORTER, MANUFACTURER, AND DEALER JN FANCY FURS FOB LADIES AND CHILDREN. ' My assortment of Fancy Furs for Ladle and Chil dren is now complete, embracing every variety tba will be worn during the coming season. JKcmember the name and number. JOHN FARE IRA, No. 718 AHCU (sTREET, above hcvonta. I have no jurtnor or connection with anr othoi store in in is city. iu i inuip AUCTION SALES. N o T a K Under and by virtue of the power vested tn me bv ao Intltnlure 01 Mortuaue unon the Dniperty herelnaltur dcKcritied, executed by the Tyrone anil Clear Held Kail- road (,'umDanv to me as 1 ruMoe. dated the 1st dav o Nnvcn linr A. T) 1W0. and recomed In the olllco (or Re cording Deeds, eto., Ill and for the coumy of Blair, on the Htb day of Koveniber, A. 1). lt0. In Mortgage llook "B," pages IU7. lor, 1UU. lis. and 111. lo seeure the pay ment 01 liondsol mill company to the amount of thirty- nye thouKand dollars, and default having been mau tor more thun ninety days alter the same has been de manded In the paymriit ot Uio interet due on more than tit teen thouBHDd dollars in amount ot the Bonds secured by sola Mortae. and having been requested In wrltlns bv the holders of mom than lllieea thojHand dol ars in ainountoi the said Bonds, tne payment of the Interest on which has been so demniided from said com pany, and been so reimed by th in, to sell at public auction upon tue itouce anu lemin in iuv biu jnunKaua meniiom ud i he premises tl.oroin roierrou to ana to lulal by such sale the duties Imoo-ed In accordance thuro- with, and to discharge inv duty as trustee In respect to tlio premises, i . J)11, tin, Alt iiiu.nu.. lYut ee as aiorexaltl, aud it' r gaqee tn mini for the holdora ef the tsnnas eecureu oy naiu moi luage, vj iir n.cn i uiv c NO. UK. that in nurnuanee of the nower afore said vented In me lor that purpose by the said indenture of mortgage, and la exercl.se oi the discretion thereby oonierred. and In ohedlence to the said remits! Ion oi the holder o' the Bonos to the amount atoreaald. as tn Raid Mort aiB pro vided, 1 yviU upon MONDAY, the 12th day oi February, A. V. lroo. at li o cor it At ,at tne riu aueipnia tx dmiice. in the city of Phliade ubia. by the hands of M 'i hoinaa aud bona, Auctioneer, and upon the terms and conditions Lereinaiter stated expose to pub Ic sa e by vendue or outcry, and will there s-ll to the hiitheet and best bidder lor the aanie. U e property conveyed to me j , ........ .. n . .. .i .... .......,'..... . U juviivnkn nn rui.,. u uiuiivuvt, , '1 he whole ot that sertion oi the Tyrone and Clearfield Railroad, irom ihe uoint ot Intersection, with the Penn (ij-Ivnn la Rullroad. ai or near ivrone station, in Biair county to the point of connection with the grded line of the said Tyrone and (jiearno.u uaiiroaa. Known ana aei-lnaiea as a'lbe Intersection. " belnx about three ml.es and one quarter irom he Pennsylvania Railroad at i y rone Htation as Ihe same Is now constructed to- nether with all aud sinsularthe rail vats, rails, bridges fences, privileges, rights, and aU real property of every sdiai-ent to o. connected with or on the Ino of said sec tion of three and one quarter miles ot road and all the to Is income, Issues, and profits to be derived, ana to oiue irom tne same, ana an tne lunas used and occupied tor rul.ways, depots, or stations between saio norms on said sect on ol three und tne-miarter ndlea. with ail buildings atanuing tncreon or procureu mereior. a mure apeclne and dotal ea sta ement of the items ot propertv mo ujeu anu reieireu to in uie lureguuuj uo- scrtpiion may do given aa ouows: RAILROAD. All that section ot the said Ivrone and Clearfield Ball road as now located and bul t. beuluning at the point ot hi erseoilon tt the taid l lone and Ciuarfleld kitnroad with the l'ennsvlvonia Railrsad ai or near Tyrone eta tlon, l.iuir county, leunsyivania. thence extendiug northward y to the point of connection with the praued line of the said lytoue and Clearfield lint, read know n and designated us " The Intersection belli t about three and one ouarter miles from the Penn, sylvuuia Kallroad. at I y rone Hialiou and there termi nating ; bald section of said roau between ihe points aibresaid lielug about three and one-quarter mi es in li ui tn. 'J om tiier wltn tne riKiit oi way tor ine same with such additional widths as are required by the slopes ol excavations aad embankment. slDtstis Connected with said section ot said road, and be'one- lng to said Company between said points, aud the right oi wny lor the same of the number and leuttli lollow lug viz. At 'I vrone. one stdintr. about 316 feet long. At 'lyrone i-nuine liouao, one siding about 1284 ffcot lonu. At Bald Fngle Valley Kallroad Intersection, two sidings about IV 11 leet total leugtn. a Ml. ALSO A t Tyrone, one 100-fcet i ruck Scales, with office 12 feet ut 16 leet AD GENEBALLY, All the lands railways, rails brldrcs, culverts, trestle worts, tool-houses, coal-bousos. wlisrves. fences, rights- ol-wav. workshops, niachliierv. stations, depot, d, pot- i. rounds works, masonry, and other superstructure, real estate, bulltlinirs, and improvements o whatever nature or kind appertaining or beloiiulnu to the above' iiien itined property, and to the said section of said Tyrone and i lea' field Kai road, ana owned by said Com puny la connection tneiewitn. TtfliMS OF SALE. Ihe said Railroad Hldinus. Heal l.state. and Premises. mentioned In the taid niortuiign. and above described. w ill he exposed to sule entire und in one lot, and the iollowinir terms and conditions will be observed In tue making ot the suid sale : t 'i ne iiiiri'hi.scr wl 1 b reautred 'to bar niiri'.iiiiMn (linm.v In e.AMli at the time ot the aaie. und In case any of llie boluers 01 any of the bonds or the r.oiii oim iIiia and nnvub e unou the sanl bonut OI tin Tyrone and Ccarfietd Kulltoail Con. puny, and secured by the uiu-tgufie executed by the said Company to ibe said John i fluur 'ilioniaon, Tiustee as a urcuid. mIi u I , become inireuoKf m bv thet.itse.ves or with others to the taiu oremisca at the said sale, that then the said holuets ot the said bones oi coupons muv for the residue 01 ihe mid uurcbaro money make pay incut within twenty days alter said sa e, either iu vhole or In part, by uamderring and delivering lo the said John ICdgar T I t n.sou. '1 ruirtee as a oresald, the tuld bonds or coupons, or by receipting upon the s-nie lor the amount thm muv he so hid liv him or them In whole or in pait of the said balance ol the said purchase monoy. to be esiiiniiti'il tor the nurnose o1 such nnvmeut at tne rate or va ue ol the dividend or sliaie of the said purchuse money which the said holders oi ihe satd oou is or coupons u.ay Le respectively entitled to receive uc- ccrdiiig to the terms ol said mortgage, tor which share or dividend the said de'ivery and transfer ol or a ri'i'oint miiin itmtiiild bond or coupons snal, be deemed und tukeu lo be a diachurgo and acquittance; and ihe balance of the said puichase in. ne, li any, shall be paid bv the raid party so purchasing, tn cash, wllhiu twenty days alter the date ot saie. io me sum iubuiu. nun u the said premises shall De purchased at the said saie by hurtles other than the ho der or owners ot the said bond or coupons as beiore mentioned . then the balance of said purchase money that niuy remain a ter the said payment of$5t)ii thereof requirei to ho paid at the time ol' suid sule. shall be paid to the suid 'trustee, In oah, within twenty days thereaiier. t pon the payment or adjustment ot said purchase money as lif reinbetore mentioned, the suid Tiustee will execute and deliver to the purchaser or purclniso sot the same a convevance ol the premises aforesaid in pur suance oi ihe pow't r and authority conierred upon him. Any lurther Iniorinutlon In respeot to sai l saie. or ptetulses maybe hud npon application to the under timed Trustee, at the otlicn ot Ihe I'uinaylVaula Kal -roud Company, o. 'AS s. Third sireei. phi ado phla. JOHN EIjOAII TIIOM U . trustee, No. 23H8 'I HI It D Street. M. THOMAS & SON-1, Auc loneera, Jios. m and Ml 8. KOTJRi tl Mreet 10 SO fwt F10 Philadelphia. CO s X S3 WATCHES AND. JEWELRY. ' I f DIAMOND DEALER & JTTVrTLI'P, . WATI HKS, JRWKI.nT AKIl.TM WAItR, ) TcrATnrrri imi Jr.TrTT.pv TroATpr'T l 8"3 Cnostnnt St..PViU- WATCHES AND CORAL GOODS. A Urge Invoice of Ladies' and Gents' Watches of the beat makers and FI3E CORAL SETS, To which the attention of those ebon purchasing Is In vited. Just received by LEWIS LADOMUS, Diamond Dbalk and Jiwbllkb, It JO Ko. 802 CHKBNtTT BTREKT. ) R1GGS & li It 0 T II i: U Chronometer, Clock, and Watchmakers, No. 244 S. FRONT STREET, Have constantly on hand a complete assortment of Clocks, etc, for Kail roads, Banks, and Counting Booms, which they offer at roasonablo rates. K. B. Particular attention paid to the repairing of fine Watebos and Clocks. 1 5 lm QIIOICE II OLID AY GOODS. Large and bandsomo assortment of COLD AND SILVER WATCHES DIAMONDS, JEWELRY, SILVER AND PLATED WARE CLOCK, BB05ZES, ElC. CLARK & BIDDLE, Successors to 1 nomas C. G arret t, No. 712 CHESKUf 8TREHT. 6 221yrp Ii I O II JEWELRY. JOHN B REN NAN, DBAXBB IN DIAMONDS, FINE WATCHES, JEWELHY, Etc Etc. Etc 9 201y Ko. 18 S. EIGHTH 8 1 EEET. philada. HENRY II A IIP E R, t No. 520 ARCII STRHUTi Manataotorer and Dealer fn Watchtfs, 1 ine Jewelry, Silver-Plated. Ware, 8 301y Solid Silver-ware. SHIRTS, FURNISHING GOODS, &o J. w c n n t tv & n n it v, vy a. a. uu j v.j SHIET MANUFACTUHEES, AND DEALERS IN MEN'S FURNISHING- GOODS, No. 814 Chesnut Street, FOCR DOOBS BELOW TEE 'CONTINENTAL,'' 8 2Glyrp J'HILADELrUIA. pATENT SIIOULDER-SEAM Sl-HUT JMAJN Ul' AUTtJKY AND GENTLEMEN'S FURNISHING STORE. PEBFEOT FITTING BHIETH AND DRAWERS made from measurement t very short notice. Ail other article! ol Oi-NILKM fcVB KUi-SS OOOD8 In full variety. W1NCHF.RTKR & CO., 8241y 706 CliKbULT HTKEET COAL. (OAL! COL EEST QUALITIES OF COAL AT LOWEST MARKET RATES, AT ALTER'S COAL YARD, ISTINTI-I STEEET, BELOW CIRARD AVENUE. BRANCH OKFICK CORSKK OF SIX I II AND SPRING GARDEN MRfcETS. Ill JAMES O'BRI E N, DEALER IN LEHIGH AND SCHUYLKILL COAL, BY 1UE CARGO OR SINGLE TON. Yard, Eroad Street, lelow Fitzwater. Has constantly on band a oompetont supply of the above snperior (.oat, suitable lor tainiiT use, to ii lota lie cans the attention of his Irion da aud the public aeiierellr UitleK left at No. 206 8. Fl th stroot, No. 82 S. 8evenUieuth street, or through Despatch or i'ost Oulce, proirptly attended to A SUftRIOJi tjUAUiy of blacksmiths COAL. 7 817 pATENT WIRE WORK, f OK RAILING, BTOEE FRONTS, GUARDS, PARTITIONS, ETC. ILON BEDSTEADS AND WIRE WOKK In variety, msnafactared by M. WALKBH & RON, 1181m No. 11 N. SIXTH HTBEET W ILEY & BROTHER, IVPORTFRS AND DEALERS TW HAVANA 11UAR AND MK'KCH TJM PIPES, N. W. Cor. KlliHill and WALNUT hurjtu. M'e ofler the finest Ilarana Clears at price from JO to 30 per ci tit, below the regular rales Also, the celebtste'l LONK JACK" SMOKING TOBACCO, which la tar superior to an rot brought before the public Moto of Ine Jack "BLKK NO FURTHER, KOIt 1U BETTER CAN BE OUND." 115 3m FIRE AND BURGLAR PROOF SAFES IIK FIRE IN CIIESNUT STREET letter from "Wells, Fargo & Co. t $10,000 SAVED IN HERRING'S PATENT., SAFE. rim.ADM.rni. January 1, 186. Messrs Pabrki,, Hkbsiko ft Co. Ucntlenien r era bar Jart opened our Cafe, one of your manataotura, which panned through the destructive Are In Chamint street, last nhjht. The Safe was In our oflloe. Ho. M7, which building w a entirely destroyed. The Hals was la warm place, as you msTwell suppose, ultu rti , hot when taken oat of the embers. We are welt satisfied with the result of this tnal. and find our booke, papers. and some tin thousand dollars In money almost as fr-. fret as when put In the Fafe. Jiothlng Is Injured, It we txoept U e leather blnrilnna of the books, which are steamed; the money and papers areas good as ever. Truly yours, WELLS, FAI1GO & CO., Per J. II. COOK. Agent. T he above Safe can he seen at our store. FARREL, HERRING & CO., 11 0. 629 CHESNUT STBEET. gEVERE TEST OF MARVIN'S SAFE At Charleston Fire, October 13, 1885- "After remoTtna- mv tan rone of Marvin A Ce.'a Falent) from the ruins, where II had lain tor virrr Ti HUR huttrt 'rrpcird 10 vmenm heat, I loond my bonks in a peritc state oi prexervanon I empress myneiUM and entire sa inaction with the result ud heartily aa- vlte all tn purchase Marvin A Co.'s afes. (Signed) "w. n. uuafuk." A mil assortment of the aboro SAFES, the envy per- fcetly dry, as well as thorough! fire-proof ones la the market, for sale by MA11VIN ft CO., No. 721 CIIESNUT STREET, (MasonioTJall), rhtla.. No. 2(56 BROADWAY, N. T. Dwelling House Boles, ornamental stylos. Pafes ol other makes taken In exchange. Send tor descriptive circular. ' 1 M Ira A N 0 T n E R TEST or HEBRTNtl'8 rlRE-PBCOF SAFES. THE FIERY ORDKAX PABBES T&lTJMf HASTLYJ , The flerrlna- Pale nsed In the oflloe of oar warehouse. demraved bv the liif nKtioin tire ol the nleht of the 8U Insiani, was subjected to as Intense heat aa probably any raie win ever ue RUDjeciea in an.r arw o intense th t the bras knobs and mountlnfrsof tlie azterlorof anrne were melted ofl. and the whole snrfaoe aealed aad blistered as U It bad been In a furnace, aad yef whoa mienrd the ennten is- books and Danen weia fband ta be entire and uninjured I his taie is now on exninuioa in oar wareneoaeeai Seventh street, wl h the books and papera atlll remala In a In It Jurt as It was when takea fram tha rutna. Met chants. Bankets, and other Interested In the pro tec tie ot their books and capers are Invited to eall aaotKi amine it. J.f.BA kTHOLOW, Airrnt tor Herring's Sa'ee, II No 538 "EVENTH SL, Washluaioa, D. O. PERSONAL. C1REAT REPl'CTION IN COFFER, AT 7 WILSON'S Tea Warehonse. No. 238 CHESNVT Street. On CENTS. ROASTED RIO COFFEE. AT OW WILSON'S lea Warehouse, No. 236 CHESNUT Street. QK CE'NTS. BEST ROASTED RIO COFFEE, SO at WILBON'H. Xo. 236 CHEBNPT Street. A( CENTS-FINEST OLD JAVA. ROASTED, H I at WILSON'S, No. 239 CHESNUT Street. 70 CENT8. BLACK AND GREEN TEA 81 FT I NOB. in Quantities not less than one nound. at WILSON'S. OOD DOLLAR TEA, BLACK AND GREEN, VT at WILSON'S. No. 236 CHKSNUT Mtroet n'EAS AND COFFEE9 AT WHOLESALE prices, at WILSOM S Tea Warehouse. No. 2)0 CHKSNUT Street. 12 1m TEAS, &o. r EAS REDUCED TO $1, AT INGRAM'S J. 'I ea Warehouse, Ko. 43 S. 8BCOND Streot. TJOA8TED COFFEE REDUCED TO Jt at INGRAM'S lea Warehouse, No. 43 S. 80 CT. 8E0ONO Street. A(C. BEST MILD COFFEE, AT INGRAM'S AU Tea Warehouse, .No. 4,18. NKt'OND Street. rrEAS AND COFFEES AT WHOLESALE Warehouse, No. 41 S. I prices, nt IKf.illM'S Tea SECOND (Street. Try them. REEN COFFEES FROM 22 TO 28 CTS. A V7 pound, at INGHAM'S Tea SECOND Street try Uiein. Warehouse, No. 43 8. 112 MANUFACTURER, A 'ID DEALER IN jlhcf cijraph glbums, BOO.KZ, BI3LES. PRAYERS, Magazir.cj, ICoveln, and all the New rublloatlona. CARD, ri:DIUM, AND IMPERIAL PHOTOGRAPHS. Stereoscopes auJ Stereoscopic Mews. Ticlnres of all kinds Framed to ordr. 808 CHESTNUT ST. 808 R O W N & MA GEE, MANUFACTURERS OF TllUNKS. I VALISES BAGS, RETICULES, And all styles of poods suitable for Travellers and Excursionists. A large stock of 1 ... MOKOCCO TRAVELLING BAGS AND RETICULUM, FOR GENTS AND LADIES, Of oor own Wanumdure, suitable for HOLIDAY PRESENTS. 1128 708 CHESNUT ffTKKKT. J C. -PERK-INS, LUMBER MERCHANT, fiuocessor to B, Clark, Jr., No. 824 CUR1STIAN STREET. CoMtantlr on band lariw admied asaortmen Of Building Lumbefj bnlj DEAFNESS, BLINDNESS, AND CATARRH! j 18AX 8. M . D.,Proleaiorot the Eye and Kar treata all dl"" nnpertalnliK to the aliove meinbea with the ntuie't saucesa. 'j'entlmoniaia lrora the moat rellsl le rourcea 1b the oly am be seen at blaorUoe, Mo. 6 If) USE Street, Ttie Medical Faculty are iuvited to accon mu thelrpaUtntu, a be kua no seoreti In hi tactile 10 1 I 4 i