WEDNESDAY, MAY 23, 1806.
About Financial Crises.
Thb history of all modern financial crashes Is
one lonar talo, not of mi-placed confidence, but
' of causeless distrust As a general rule, the con
Tulsions which overturn the whole monetary
world are not occasioned by any hollownes on
.' the part of the capitalist, but by a timidity on
the part of the depositor. It is important that
this doctrine, cardinal yet simple, should be
Dorne In mind, as by it much of the anxiety
which will result from the crisis in London will
be dispelled. Because Sir Morton Pbto and
and Ovkrend, Gurnet fc Co. have been
ruined, and the whole financial world stands
wailing with trembling for new developments of
losses, there is no causo for supposing that there
is any radical delect in the system of monetary
transaction. There is no cauce lor the fcor of
Sir Morton's depositors becoming infectious,
nor in there any occasion for extended
anxioty. The truth is that those who
have been wrecked by the failure of
thwe leading banking houses, have themselves
and their tellow depositors to thank for what
ever loss they may have sustained. The incl
dents of 1837 are of too recent occurrence for us
to look with any wonder at the destruction of
ven such a colossal name as that of the British
baronet, so lately our guest. It seems that the
customary alarm was felt, and, as usual, with
out lust cause. A rush of men, each actuated
by the meanest selfishness, to secure all his coin,
even at the expense of a total loss on the part of
his neighbor, took place. While Sir Monro
FBTobad millions of capital invested, yet his
supply of funds on hand were not sutHclont to
meet the unexpected demand. The consequence
was that financial paradox a rich man, with
millions ot property, becoming Insolvent. The
great banker failed with twenty-five millions of
dollars within reach of his hand In ten days. The
cause was the inconsiderate greed and over
anxiety of nisdepositors; the result will probably
be a sacrifice of what would otherwise have more
than covered all besides the loss of time, a large
proportion of their money, and the ruin of an es
tablished and universally respected house. There
Is but one lesson to be deduced from this inci
dent. If ever there is n rush on a banking
house, try rather to diminish the thing than to
add one more to its number. The probability is
that if the excitement continues the house will
fail, and a large percent ige of your funds be
lot; but if it ease o!f in time, etsrht chances out
Of ten that within two days you can draw your
money In perfect quiet. Such a course is dic
tated not only by a sympathy for the banker,
but also by self-lnta-eat and wisdom.
We have had parties asking indignantly,
''Why do not the bankers keep money on hand
to meet all demands ?" It does not require long
for the capitalist to know very nearly how much
will be demanded of him as a daily average. It
he keeps twice as much as this average on hand,
that is all that any reasonable person can ex
pect. If all the money be allowed to lay In the
vaults of his establishment, whee is he to make
a living from f The banking business would be.
come a species of universal charity, and the
banker a receptacle lor funds for which
he would be responsible, but which he
could not use. Any reasonable demand
a firm house can stand, but there are rushes so
wild and so general that the Bank of England
could not withstand them. Speaking of the
Bank of England reminds us ot a certainly safe
but not particularly intelligent preventive for
such a catastrophe. The charter of the bank
compels it to keep 10,000,000 in Its vaults. So
that this vast amount of gold is left from cen
tury to century laying idle in .order to meet an
anticipated demand which could bo in all
likelihood avoided under any circumstances.
But such a course may be that ot wisdom,
although It compels the bank to charge a higher
ratcof disoount, yet it gives a firmness to all its
proceedings and renders the awful terrors of a
failure of such an Institution impossible.
One word more. The causes which have con
spired to occasion this convulsion have been
greatly augmented, if not originated, by the
political uncertainty of the British empire. The
excitement over the Reform bill, and the general
discomposing incidents of a state of wild public
feeling, have conolnod to hasten this crUis. If
Great Britain is thus subject to the effect of dis
cussion in the money market, on what a volcano
must we be quietly resting! If the present
excitement in our political world continues, it
cannot but produce a feeling of uneasiness and
retard trade. We have seen its baneful influence
already. All we can do, however, is to seek to
be prepared for any danger, tor yield we cannot,
and our adversaries will not; hence safety to us
lies in a confidence in the stability of our free
institutions, and an abiding faith in the capa
bility ot man lor self-government.
Secretary Seward's Significant Speech.
Mr. Seward, according to bis usual custom, has
. taken occasion on his recent visit to Auburn
to deliver an utterance upon the topics of
the hour. His speech is chiefly remark.
able for its. tone of conciliation between
Congress and the Preeidout. He declares thnt
they disagree only upon uou-etfseutliK He
' tnus groups their agreement upon what he cills
tho "only essentials:"
"The representatives of the National Union party
In Cougrtus uo not agree with the Provident, but I
' tlunn tho j differ only in reitaid lo.nou-eMomiuU
Some aie understood to insist that the pood e of uo
S ate out' lit to re orve the right of secession or oia-
t union. The President ars exactl- the name thing.
e A Slut e that should claim to reserve a right of sooes
Ion coo d not be loyal.. Others contend that after
rebellion a ferule ouvht not to be aooeptod which
, inui-ts upon or readmits the vuliditv(oi the debts ot
the Rehollton. The President savi exactly the tamo
.thing. A State tha( irtiouid Insist spun the validit
I ot tuoh debts could not ho loval. Oihera argutt that
a a couseouence of the aoolitlon ol slavery a otianite
of the Da is ot renresentatiou has become deJrable
and Decenary. This can be done only by amend
ing the I oustltution ol the United Statos. While
Congress are yet unab to agree among themselves
upon ttie torm of sucn an amendment, the Presi
0 nt says: 'Let m amend the Constitution io as to
proportion representation according to suff are.'
, Ttieaesoem to me to be the only essentials Two
of them are already secured y the uurepresented in
their constitutions the third is a work ot ttiu, re
quiring the aotion of three-lourtht ot the Slates, by
aineudment ol the Constitution."
, It is especially noticeable here that Secretary
Sewird fully commits the President to the
policy ot an amendment of the Constitution
upon the vital and all-important matter of an
equalization ot fhe basis of representation. 1
He denies explicitly that President Johnson's
"plan" is of his own origination, but says it
grew up necessarily out of the unavoidable
THE DAILY EVENING TELEGRAPII. PHILADELPHIA, WEDNESDAY
prctHstlned change from war to peace. And
henco he significantly remarks:
C'ongropi ii to be expected, therefore, to concur
with the President, not iu adopting a p an whioh be
ha protected, but In accenting with himaotualiv
exiMing oveituro of reeonoiiia'inn in tho form in
wbicb thev bare occurred. Mint that tht pmce"t
iitfin ofCcmgrett hitherto indicate not an ultimate
ditaareemrnt andfailvre, but only a procratlination,
which to the impatient it inconvenient, and to the
timid a'artrfug."
These utterances of the astute Secretary, we
may rest assured, are well conlderod, and have
a purpose. They point unmistakably to a re
conciliation between Congress and the Presi
dent. Equally In this line of thought are those sub
sequent passages of his speech where Mr. Sew
ard so emphatically asserts the full and entlfe
power of Congress to determine the loyalty of
those persons who diay claim seats as members
of that body. He avows that it may adopt any
test or standard for determining, that question
which It may choose. Ho also alludes to the
vetoes of tho President, and savs "all three of
those measures in which the President declined
to concur with Congress are purely extraneous
incidents, and have no necessary or real bearing
upon the question of reconciliation."
Mr. Seward sums up the whole matter in one
of these hopeful bursts which are so character
istic of him as a political optimist:
"I am hopolul of the President, hopeful of Con
grcss, bopelul of the National Union party, h ipoiul
ol the Democratic party, hopeiul ot the represented
and nn represented Mtatoa, above all, hopeful of the
whole people, and bopelnl ot the continued favor ot
Almighty God, when 1 shall return here from the
Held ol pubiio service, and shall como to mingle onoe
more in jour quiet and peacoiul pursuits."
The roseateness of this view may not be
accepted by all who remember Mr. Seward's
celebrated "ninety days'" speech in the early
part of the war; still it Is not a bad thing for
the country, either at home or abroad, that we
have one statesman who so habitually looks on
the bright side of affairs, and so persistently
proclaims the greatness and glory of the re
public. We hope, at the very least, that this
speech will serve to reassure our melancholic
Democratic brethren, who are just now so fear
ful that constitutional liberty is being badly
damaged at the hands of Congress.
Probable Reunion ot the Presbyterian
Church.
The news from St. Louis points to the pro
bable reunion, at no distant period, of tho
Old and New School branches of the Presby
terian Church. The Geueral Assemblies of both
bodies are now in session at St. Louis, and, for
the first time since the rupture in 1837, tiioy hut
night met together to discuss the sub)ect of re
union. ,
It is unnecessary to go into the history of the
causes which originally conspired o divide this
great body of Christians. Differences of doc
trinal opinion, exaggerated far out of their
legitimate importance, did something ; the
ambition and overbearing temper of a few lead
ing spirits did more. After tbe division bad
once been made, pride of opinion, personal re
sentments, and a gradually diverging tendency
ot opinion between the two bodies upon tho
subject of slavery that great ploughshare of
political and ecclesiastical division served to
keep them apart. So it has been for thirty
years. A generation has pas-ed away, and the
passions and resentments aroused by the origi
nal rupture have passed away also. Slavery,
too, has gone out of existence in the darkness ot
attempted revolution.
The doctrinal differences were always charac
teristic of individuals, rather than of the bodies
themselves. Nothing now stand In the way of
a reunion of the great Presbyterian family. The
people are almost unanimous for it. Reunited,
the Church would be one of the most powerful
of the laud in numbers, wealth, and influence.
Its home and foreign missionary operations, Us
church erection and publication enterprises, its
colleges and theological seminaries, could be
consolidated, enlarged, and prosecuted with in
creased capital and efficiency, and with greatly
augmented results. We trust that so desirable
a consummation may not be far distant. It will
be a signal for that general reunion of organiza
tions once severed and kept apart by slavery,
which all must long to see.
Senator Wilson's Dill for Equalizing
Soldiers' Bounties.
There is no topic upon which a more complete
unanimity exists among all our Union soldiers
tbanupn that of a fair and just equalization
of bounties. It Is well known that the thou
sands and tens of thousands of gallant men who
rushed to the field at the earlier calls of the
Government, did so without the stimulus of
bounties. At a later period high bounties were
paid both by the general Government and by
tbe States, and in many instances by cities and
counties also. Justice requires that the early
soldier who went voluntarily to the field unin
fluenced by the hope of pecuniary reward, shall
not now be forgotten by his country.
Senator Wilson's bill, reported to the Senate
yesterday, goes upon the simple principle of pay
ing to every Union soldier, sailor, and marine
of the late war, a bounty of eight and ttjhulf
dollars per month for the time he was in ser
vice, deducting therelrom any bounty or prize
money he may already Uave received or be en
titled to. It Is estimated that It will require the
turn of one hundred tind eighty-five millions of
dollars to pay these bounties. i
We regard this as a sacred debt, due in all
honor and honesty to the men who saved the
country In its hour of supremest peril; and we
trust that Senator Wilson's bill will pass.
Passed at Last. At every session since the
organization of the Republican party, an effort
has been made to secure the passage of a gene
ral Bankrupt Law It seems that the Repre
sentative of Rhode Island has made this bill his
specialty, as each successor has taken the in
leiest felt by the lormer occupant of his seat
upon himself, and pressed the claims of the bill.
It has been universally defeated by a vote of
not more than twelve majority against it. Ye
terday the persistent efforts of Mr. Jbnckes were
rewarded with success, and the b 11 passed by a
majority of nine. Its principal provision is that
any debtor, whoe liabilities exceed three
hundred dollars, may corns before a United
States District Court, swear to hit Inability to
pay, and surrender all his estate into the hands
of an assignee. If in after years he acquires
property, that property cannot be seized by his
former creditors. It virtually removes the load
irom an Insolvent debtor, and gives him an in
centive to energy and hope lor future success.
A Cathedral Doomed. The Berlin Cathedral
Is doompd to destruction within two yeir. A
much larger cathedral, according to plans ap
proved by the late King, is to be built on the
same site.
LEGAL INTELLIGENCE.
iVtDBUCB OF TRANSFER OF STOCK.
Hnpran Conrt nt aay I vital Chief
Justice V oooward, and Justices Thompson, otronr,
head, and Avnew.
J be following opinion is one of great Intercut to
the mercantile community, involving as it does, the
question ot the ngat el a ban or other corpora ion
to Demand evidenoe ot authority in a irnatee to make
transier of stock. 1 he oointon of the Court, deliv
trea Dv Judgo ti.rong, is as lollown:
Jiayord vt. The farmcri' and Mechanic' Bank of
hiladelphia
Btjiono, J. Passing by the question whether the
defendants, being moie amenta of the Common
wealth, are liable to damages at the suit of the
pla olift, evon for a wrongtul retinal to permit bun
to transfer the stooar, we come immediately to the
inquiry whether their reiusai was wrongtul. Cer
tainly they were unoer no obligation to pormit a
translor, if their pormlseton would have exposed
i hem or their principals to a sucuesslul claim by
any one lor ttie replacement of tne stock or for its
value. In a certain sense thoy w. re cuitodlan ol
be rights ot stockoivner. With them was the
registry, and tranplers could be mado only with
their consent, by the suironQor ol the certificate
and tho issue of now ou-;s to the transieree. A pur
chaser ot' stock does not roceivs the oortifluate of
bis vendor, but a new one made out tu bis own
name, and reciting nothing coii'atned in the
lormer. ilo is therefore protected iu tho enjoy,
niont of b s purchase, even though tnore was no
light to make the transfer to hitn. For this reason
an unauthorized translor is a wrong dono to the
WDer oi stock, for which not on'y the person who
makes it, but any one knowingly assisting in tho
wrong, is responsible, That a bauk or other corpo
ration, and also these dolondants, are trustees to a
certain extent for stockholders, that is, for the pro
tection of Individual interests, cannot bo denied,
lliey are altko trustees ol the property, and of the
title ol each owner. 1'ney have iu their keeniug th
pnmary evidence of title, and they art justly h ld
to proi er diligenoe and care iu its pr nervation.
Kroin this it results that thoy mi rightfully do
maud evidenoe of authority to make a translor,
beiore they permit it to be made. Tueir o vn saioty
requires that they bo satisfied of tUo light ot tli.t
person proposing to mane a trans. or io do what he
proposes", iicneially, sufficient evuleuoe of s.toa
right is found in ibo possession ot lem title to the
sloe If. Voi ii is well se t ed that it not, in ail casuj,
sufficient. Notwithstanding that, the true equitable
ownership may be in some other than tne holder ot
the leral right, and a tiansfer may 09 a gro.is wrong
to such an equitable owner To that wrong the
cotporation, or keepers of the rogistry, make thorn
solves partlos, ii, with knowledge that there is no
equitable right to transier, tney permit it to bo
oone.
And In equity whatever puts a party upon Inquiry
is notice ol what inquiry must revoal. 1 ne real dit
nculty is in determining how far it is the duty of
the transfer agout to inquire. The law casts the
legal ownership of personal property ot a deceased
intestate upon his administrators. They are some
times said to be trustoes, but they are such for ad
ministration. Their primary duty always is to dis
pose of the personal proportv, and therewith pay
the debts of the Intestate, and make distribution
Biiioup his next of kin. A sale and transfer oi stocks
by them is therefore in the line of their duty. There
is no re tui que trust, having a right to intoriere and
prevent such a transfer. Hence letters of adminis
tration are always sufficient evidonoe ot authority.
A trustee oi an insolvent debtor would soeni to
stand on tbe sarao footing. And no gonorally doos
au executor. His primary duty is administration.
He is to pay dobtsand tegaotesout of the porsouul
estate, and use even specilio legacies to pay debts, it
necessary. His lotiers testamentary thoroiore show
an apparent right to oispo-o ol toe stocks of ttie tes
tator. Even if tho stock has been bequeathed specifi
cally, a transier agent bai no means ot ascertaining
whether it is neeoed to pav deb s. Ho can inquire
only ol the executor, the very person who proposes
to make the translor. If he inquire ot tho speciflo
legatee be can learn nothing, lor the legatee may bo
ignorant, and to require evidence of authority be
yond the letters testamont rv might greatly delay
and embarrass the executor m tne discharge of his
duties. It has therefore geneiaily been held that
transfer agents iray safoly permit a transfer of stock
by au executor, without lookmv for his authority
beyond his letters. Such was the ruling in tiartga
vs. Ibo Hank of England, 8 et,ey, 66; Hank ot Eng
land vs. l'arsons, 6 Vetev, 666; Satue vs. Same, 15
Vfcfcy, 6bfl; FraukUn vs Tup bank, 9 B. and U., 166;
Fow.'er vs. Churchi I & Chuichill vs. The Bank, 11
Mceeon and W elsby, 823, and bank vs iranklin, 1
Kusseil, Cua: 675. Similar decisions have been
made in this country, and so tar fie law is un
doubted.
Yet even in cases in which execu'ors have at
tempted to make transfers ol stocK, or a pubiio loan,
transier agents (meaning thereby the corporation
in which tbe stock is held) have sometimes boen re
quired io make inquiry into the right of the execu
tor beyond ibe letters testamentary, and evon be
yond the will itself. In Lowry vs. i he Commercial
and Farmers' Bank of Baltimore decided by Chief
Justice laney in the Circuit Cou't ot the United
Mites for tho Maryland Omtriot, and reported in
American Law Journal, N. N., volume 8,
page 111, it was ruled that when bank stook
bad been bequeathed to an executor in trust to pay
the dividenas to certain persons, and the executor
bad transferred it to one who made advances there
on for the use of the executor, the bank whioh had
issued the certificate having notice that the stock
belonged original to the testator, was bound to
look at the title of tbe executor under the will be
fore it consented to the transfer, in that case the
tianser was made bv tbe executor, at. such, and
there was no proof of any aotual notice to the
bank that the stook had been speoifloally bequeathed,
and that tbe executor was violating bis trast bv
making the transfer. Yet the Chief Justice hold that
the hank was bound to take notice of the will when
the transfer was proposod by one of the executors;
that it was negligence in th bank not to examine
it, and that if it was ignorant ot its contents, and
of the speoifio bequest ot the stock, it was its own
(au t; that it must be dea't with as if it had possossod
actual knowledge that the stook in question was
specifically bequeathed by the testator, and was not,
by the will, to be transferred He then proceoded
to show thai while it mlgut have been sold, if neces
aiy lortlii'lpayment ol debts, there was enough to
indicate to tbe bank that it was not needei for
such a use. The bank was, therefore, bold .iaoie,
as a paity to the fraud of the executor. It was hold
responsible lor not p rev 3D ting the executor, who
had the legal right, from making the trausl. r.
But were it oonceded that in no case is an execu
tor offering to make a transfer of stock issued to his
tostator under obligation to exhioit any other autho
nty than bis letters testamentary, it -would by no
means follow that this plaintiff bad a iuht to de
mand of the defendants an ailowanoe of his pro
posed transier without lurnisbing tor tneiriuspeo
tion more than bis certificates. U was not an exe
cutor, but a trustee. Tbe certificates hold by him
bad been issued in the name of 'Thomas F. Bavard,
trustee ot Mary Gilpin." Upon their face it ap
peared that though the legal right wa in him, no
was not tbe owner. The person to be a Hooted by
the translor was not himself, but Mary Uilpiu.
'J here is a marked difference between the powers of
an administrator, or executor, aud those ot an ordi
nary trustee. The common duty of the latter is not
administration, or sale, but custody and manage
ment, tin purchaser, either ot laud or personally,
would bo saie in buying irom a kuowo trustee,
without looking at the nature and extent ot bis
trust. It is true a trustee may have power to soil,
but tbe power is not a necessary inoident to his
trust, as it is to tbe office oi an executor. He may
have the lef al title, and yet have no authority to
sell 11 is saie may be entirely unauthoiized by the
instrument that cieated the trust; it may have been
forbidden. Why, tarn, doos not a bauk, or a
transfer agent, act at its peril when permit
ting him to multo a translor? if, In truth,
be bas no such power, tbe bunk, by
accop'iug bis certificates, and issuing others
in lieu thereof to his trausterers. is assisting
h m to destroy the rights of th cestui que truj it
baa over been held that a e irporatton is 'iab e It it
permit a transfer by a lunaiio ho ding a loal riuut,
tbi uvb it hud no knowledge of the lunauv, aud vas
guilty of no aotual taut Chew & Uolds'orouh
vs. the Bank ol Ba timoie. 14 Karvlaud, 21)9. Tne
leasou given was that It might have provided against
i ne transier by precaution. Jf thus I. able when only
the innocent cause of a loss, mucn morels the lia
bility certain when tne transier H permitted with
full know edge that the itock does not belong to t.:e
person wjo oiler to transmit it to another, if the
transfer is in lacfc unauthorized. Such know edge
was given in this ease b the torinot tne certificates.
It is true that it-was ruled on Albert and wile vs
the city of Baltimore, et al , 2 Mary. and, 15tf that
the mere designation of ibe stook Uo der aa trnnee,
without a specification of the trust, or naming the
cestui que tiust, was not such no loetoihe transier
agents at to nae it their duly to look beyond t.eT
lepul title, for it did not point to any souic-e ol in
formation. The flduo ary ouuraotor of the person in
whose name tae stock stood did not appear And
in Htockilale vs. the South Sea Company, Baroa
diston. 8158, tbe Lord-Chanoellor sadi 'It is cer
ta n these great companies are only to cons der the
person in who-e name the s'ook stands, unlea$ the
truttofthe itock it declared on their bnokt. " But
naming tbe person for whose use tho Btock is held is
certainty a declaration ot tbe 'rut lo remarking
upon the case of Harnon vs. Harrison, 3 Atk., 121
Davis vs. the Bank of Englaud. 2 Bright , b3. and
other cases, in whioh ttie legal authority ol th
treateeto tran.fer has been conceded, Cbanoellor
Johnson raid, io Albert vs. the Ravings Bans, 1
Mary land Chancery Decisions, 407. thev "must bo
understood as applying to case where the fiduciary
character appears, but there is nothing to indicate
the nature t the trust, or tht benejlviariet," And
there l no c m In whioh it hai ben rubd that a
tru tee ot stook, whose certificate shows a declared
tiust tor another named, ha a right to transfer it,
without showing a power beyond bis certificate.
It never has been decided that a corporation mar
disregard te rights ot a known equitable stock
holder It won'd Is an anomaly were there any
such decisions. An obligor in a bond must take
notioe ol the right of an equitable assignee ot t e
obligee. A stakeholder cannot safely pay over to
bim who bas the logal right when he knowsanntner
to be the beneficial owner. With equal reason, at
least, ought it to be held Illegal tor a corporation to
aid In destroying the title ot a cestui quo trust to its
stock, Without being satisfied that the trustee has
autlio it? to part with and destroy It We bold,
tbereiore, that thn plaint ff had no right to insist
upon being allowed to make a tran-ior of stock
which he hold ostensibly in trust lor Mary '-illiiin,
, without exhibiting to the defendants an authority
to transfer, beyond the certificates. The Judgment
is affirmed.
1 m ted Ntste) Platrlet Conrt Judge Cad
walatter. Daniel A. Ytagor was put on trial yoster
day, charged with forging a power of altorner, with
intent to defraud the Government, it was aileged
that the defendant forwarded to Washington a
power ot attoiney purporting o be drawn by Wil
liam Matthews bo claimed $120 as duo to him t r
services as Master ot Ambulanoes. The claim was
suspected at Washington, and papors were prepared
with a view to the arrest ot tho party forwarding tlio
0 aim. A letter was sent, directed to William Mat
thews, informing him that tbe money would be sent
by Adams' tx press.
A Governmenti dot- otlve cams to Philadelphia
and watched at th expross office nntil the defend
ant presented himself with the letter direoted to
William Matthews, ihe package was given to the
defendant, and be aignod the receipt William
Matthews " He was then arrested. The dofeuso
set up good character, and contended that there
was no evidence that tho defendant had forged the
power of attorney.
The jury this morning returned a verdict of guilty.
Augustus King and Lawrenoe King wore put on
trial ibis morning, charged with making counterfeit
iraotional currency. At the hou-e of the defend
ants, in ransom street, the ollloors who mado the
arrest mund a large quantity of counterfeit liftv
ceiit notes, and a larce bundle oi bana-noto paper
and gold leaf. On trial.
UiNtrlct Conrt No I Judge Mare. William
Haupbey vs. Ihe Gormantown fassougor Kailway
Company. An action to recover damages for in
juries sustained bv plaintiff thiough the allege 1 mis
conduct ot a conductor oi one of the ears of the
company, defendant. Before roported. After tho
plaintiff's case closed, yesterday, the Court directed
a nonsuit to be euiered.
Frederick rusher vs. the Connecting Railroad Com
pany. An action to recover damages for t ie loss
sustained by the plain ti it by reason of the location of
the line ot defendant's railroad through bis larm, in
the Twenty.flith Ward, whereby bis crops were de
stroyed. Tho defense Bet up was tbat tho laud bad
been purchased from the owner ot the lsnd the
landlord of plaintiff and tbat he bad recoived
notice thereof three months before tho expiration of
his vcar, and before they bad located their line. On
trial, j
ItlNtrlrt Conrt No. a Judge Stroud
William H. White vs. Joeph D. ihoruton. An ao
tion to recover damage lor the alleged breach ot
contract lor the conveyance of a certain house and
lot, which plaintiff alleges be bad purchased from
the defendant through his agont, one Isaac M l'ost,
paying H0 at tbe timo the agreemont
was entered into, hut which houso aud lot the de
fendant subBequenty refused to convoy. The defonso
denied the ageucy of Mr. 1'ost, and any authority
in him to enter into an agreement to oonvoy tho
prperty. Veroict for plaintiff for lli3-80.
1 nomas J. Hemphill, administrator d. o. n c. t. a.
Of Thomas McCormiok, deceased, vs. Jamo Boyle.
An action to recover a balance a leired to be due on a
sett It men t oi accounts between deienduut and
1 nomas McCormick The defense sot up is a sot-off
for work and labor alleged to have been done. On
trial.
Gordon McKay vs Mendall & Harman. . An
action to recover on a draft accepted by dofondan a.
The di fense set up was that tbe tewing macaine for
which the draft was dran was worthless. ' Before
reported. Verdict for defendants.
AMUSEMENTS.
Kkw Cdesnut feTmET i'heatbk. Mr. Edwin
Adams wi 1 appeal this ov. ning in ilie charaoter ot
' Borneo," one in which tio pubiio ol Philadelphia
bas not yet seen him We have no doubt tbat Mr.
Adams will invest it with ail the passion and
earnestness that the part requires, and whioh makes
it so very difficult Of all "Koutos" we have seen,
Chailotte Cusbman was the oniv ono who h d the
true spirit of the Italian lover. Mr. Clarke will play
"Merculio,'' and Miss Orton ' Juliet."
Walhct Stuket Theatre Hamlet, at this
theatre. All who have not seon Mi's tin t art 'stio
production should not dolay, aa it will not be played
many more times.
Arch Street Theatre. MUs Lucy Ruhton
will appear as "Juliana," in the Honey mo n, which
will be given entire.
Concert Hall. Tbe Hoiman Troupe will give
a matinee, at which The Bohemian Uirl will bo
played. In the evening, The Child of the Regiment.
Assembly Buildings. Tie Carolina Twins are
attracting crowds. Tho scien'iliu a well as the
curious are desirous ot viewing these extraordinary
girls.
A Giant Radish. The Pall Mall Ocue'ie says:
"The last new thins In vegetables is really
quite a startling wonder. Think of a radish
with seedpods about three feet Ions, and some
times growing; five or six inches in four-and-twenty
hours. We can think ot nothing like it
except Jack's immortal beanstalk, which au
thentically described plant is nevertheless not
spoken of as good to eat, whereas this radish is
said to be as palatable us it is monstrous. The
plant comes Irom Java, but we are told that it
has been fairly tried in the open ground in
England, and succeeds perfectly well. To add
to its merits, its pods are ready for nse in less
than three months alter the seed is sown."
PWAVAMAKF.B & BROWN,
WAKAMAKKB & BROWN,
WANAMAKKK & BROWN,
WANAMAKKB BROWN.
WANAMAKKK & BROWN,
ISrWANAMAKKH A BROWN.
HAND.SOME CLOTHIXQ.fPJ
MAHDHKMlS rLlliUiHUf
, HANDKOMK CLOTlIINQ.
i HANhsOMECUOIHINaJI
1HNDSOMB CLOTHING Jt
HANIISOMK CLOTHING. .IS
r,uwi-T i-iuixs.
"LOWEST PRICKS. .
i &-LOWKHT PRICE. 1
Jl?""LOWl!.ST P PICES. ' ,
LOWEST PRI.JKS. . ;
"LOWEST PRICES. .
BEST A-lrfORTYiENT. j
BK.sT AhSORTMENr.vM
BK.HTASHOHT 'ENT..Jfl
BEST ASSORTMEN r.f J
BEST ASSORTMENT. 1
"FNEXEPTION ABIi". KITS.
fr-UNEXCEP I lONAHLE KIIS. i
EV-UNtXi-EPTIONABLE KITS
liWlNSXl'Ep-IIONABLK KIiH.
TNEXrBTIONABl K FITS ;
'UNEXCEPTIONABLE KITS
THE PKOPLE PL K ASK. j
TH PEOlM.K PLEASED., J
TH E PEOPLE PLKASfD j
THE PEOPLE PLEASED Al
BIT-OAK HALL,
ITS oa K HaLL,
Itlr-OSK. HAI L.
I Jf-OAK h
SirO'R H
ALL.
ALL,
CS2I t71
8 K t OKNEB H1XTH AND MARKET BTS.f
rvT" T till X V3
FAMILY SEWING-MACHINES.
NHmMIKIriililfl
Cheapest and Best Defenae against Clothes-Moths.
Factured by HARRIS A CHAPMAN, Bottoa. Bold
by sveiy DruggUt
1
n. K. l-.ll PI A I 11 Art 1 Jl KIVC L DTS dt f
8. K. OKNFK BIXT1I AND MAHKK.e TU. Jf 1
H COKNKR -1XTH A v D MA1IKKT ST-"..?1
8. E. CuBNKB SIXTH AND MAKKET 8T.-.l
I
s
V I
X . !
x
X
MAY 23, 18C0.
SPECIAL" NOTICE?.
i
ISet tht Thd Paot for tddtUtmai Bpttial Mottctt.i
riST THB FORTY-SECOND ANNIVER-
ttrt ot the Aarrlcaw Surnlar Bchool Fnlon
will beheld at the ACAHKMT )K atrNIC, BHD AD
Street, on TbureUay Evening, May U, at a quarter to 8
0 0 OCR. (
Hon. ttilof JiintlfeCnAREwlll pfmldo. 1
AddiTMrs Hill be delivered br Rev B. VT. CHIDLAW,
Rev. JOHN McCULLAUH. and o:her "
Ibe elnvlng will be bv a rholrof tlx bondrod Children
iron- our various Runday School
Parties who mar bate tfckeu and do not Intenl using
the fame will confer a lavor bv returning them to the
Society's Bui (ling, No. 1122 ( bwinut atvet.
Ail reserved eeata nnoccupled at B l o'clock will b
thrown open to standees. 23 It
fW THE REV. nENRY CLAY TRUM
, BULL (foruirrly Chip a In in the Armv ot the
James) will speak at tli Forty-aeoond Annivernary ol
the American Similar School Union, at the AUADK. HY
OKaiUBIC, on THURSDAY KVr, I NO. fit 2t
irv5?- OFFICE OP TilE LF.nir.Lt COAT, and
NAVIGATION COMPANY.
' . Piiii.adri.phia. Mav 22 18S8.
The Board ol Managers have thl day declared a divl
fl.(?.tVi FIVR PKRCKNT, or TWO DOLLARS AND
A HALF PKB BlUHE, on the capita: stock oftnie Com
pany, parable on demand, c ear or national aud Staie
taxes.
All persons who have not a ready done so are eirnes'tv
ren,iieled to present at this office their cenltlcaic of
scrip or recclnis for their subm rielinn to the new stook
lsuod lu ti, aud reoeive thi ce-ttflcaten o stock in
lieu thereof. SOLOMON SHEPHERD.
23 3t Treasurer,
VjSF' OFFICE OF THE PLUMLEY FARM
l5 AND LONG RUN OIL ADD r-OAL MINING
COMPANY. Vo. 6i9 WALNUT bTBRKT-.
Notice fs kereby elven to all Btocktioldors of the
above Company wbo have tailed to pay the assessment
of Ten t 'enis per share on the number of share to tneir
credit on the books of the I'ompanv ou theSthdavof
February. IK68, belnit tbe dav on whlob said aoessment
v.as mane, that unless tbe sane sha I be paid to th
1 restorer on or beiore the 2th Inst., the stock she'll be
advertised lorsae together with the name of each
Stockholder making default.
JAMES MoCCICHEOf,
Treasurer.
Philadelphia May 23. 1 W6. 2iws2t
ZSP NOTICE,
ADAMS EXPRESS COMPANY.
On and after TUESDAY, May 1, the '
FREIGHT DEPAB1 MENT
Or this Company will be removed to tho Company's
New Pulldiiig B. E.or. of -.LKV-.N fd and M KK.t-;r
streets. Entrance on JSleventh street aud on Mar life
street
All Monev and Colloetlon Basines will be transaoted.
as heretoior at So liu CHKS.i UT street Small Par
cels and Packages wl I be received at either otllce. -
all I'ooks will be kept at e h office, and any oalla en
tered therein previous to 5 H. M. wl 1 receive attention
snme day, it v ithln a reaaonabk1 distance from ou r
offices, lnnnlrtes for gtods and settlements to be mad
at No. 820 CUkBNl'T Street
4 S04i) JOHN 111 XQII AM. Superintendent.
OIL STOCKS W A N T D D. A ' PARTY
bavins S 10.(100 to dispose of wl 1 please address.
giving true name alio name ot Company, DKaNIS. Post
Office Box No 1518, Pbllada phia b llii
T TIE
MISSES TIIGUNHILL & BURNS,
No. 1208 CHESNUT Street,
Ilavs just received,
WEtCLEY COH8ET8,
BRADLEY'S DUrLEX ELLIPTIC fKIRTJ,
In all the latest 'styles.
AL0,
FRENCH IMPORTED DRESSING S A.PQUE3, AND
MADE-UP TJNDEB GARMENTS i'OB LAD1E3,
And a One assortment of
PRINTED LIHFN LAWNS, FOB DRE3SS,
AT 86 CENTS FEB TABD. to 21 wsm:4t
CEISj SCHUMACHER PIANO FORTE
nETll MANUFACTURING COMPANY'S NEW
8 I ORE, No. 1103 CHK.SNUT Street We respootiullv
call tbe attontlon of our friends and tbe pubiio generally
ol our removal to our new and nandaome Wsrerooms
GIBABD ROW, No. 110i CHSSNUf Street, where we
have constancy on band i Urge stock of our superior
and bialilv finished Square and Grand Pianos.
Our Insiruments have been aw.irded tne highest pro
mlums at alt the principal exhibitions ever lie d in this
coui try, with numerous tesilmonla s from the first
class artls's In America and t urope.
i hejr are now the leading Pianos and are sold to alt
pails of the world.
Persns deMrlng to purchase a first-class Piano at
grratlv reduced rates sbou d not fail to give us a CjII
Pianos to rent. Inning and moving p-omptl at
tended to. SCHOMAt'ttRK A CO.,
6 23 lm Kp 1103 CHK3NMT Street.
cr.
BEDDING
FEATHER WAREHOUSE,
. TEN III NfKEET,!
BBLOW ARCH.
Featters Beds, Bolsters. Pil
lows. Mattresses of all klnost
, Blankets, Comiortables. Coun
terpanes, white and colored;
Spring Beds: Spring Cots; Iron
Bedsteadsi Cushions, and all
other articles in the line of busi
ness. AMOS HILLRORff,
Ho 44 Nor.h TENTH Street.
Betow Arch.
RATIONAL
BANK OF THE REPUBLIC,
riHLADELPIIIA.
Organized Under "The National Cur
rency Act," March 30, 1866.
This Institution has completed the alterations of
its building,
Nos. COO and 811 CUESXUT Street,
AND IS NOW Or EN
FOR THE TRANSACTION OF A
REGULAR BANKING BUSINESS
IN ALL ITS BRANCHES.
JAMES B. FERREE, President.
ED. F. MOODY, Cashier. 6 22rp30t
SPUING.
WILLIAM D. ROGERS, j
COACH AND LIGHT CAIUUAQE
,r .. , BUILDER,
Nca. 1C09 and 1011 CHESNUT Street,
PHILADELPHIA. I28im4p
JpiNE JJABJ.ESS AND SADDLERY.
720 MARKET STREET. 720
Large taleioom contains a full stock of good er
vlceable SINGLE AND DOUBLE BABNElJS, best
Leather and workmanship, for city trade, at moderate,
prfoes, and mads to order at short notioe. ,
,; E. P. MOYER & BROS.,
No. 720 MARKET Street.
N. B.-Superior BOLE LEATUEK TRnvtrs.
ropean travel.
Also, Ladles' French Eceti Trunk. 1 19 lui
113 MABSII & WAIINOCK, H3
No. 113 N. NINTH St., Aboya Arch,
Bars Junt epenaal with an
ENTIRELY SEW BTOCK OF WELL
SELECTED
DRY GOODS,
WHICH 1HET Or FEB AT THE TERT
cm tup
LOWEST PRICES.
BARGAINS IN FINE CLOTHING '
ROCKIIILL & WILSON,
"Brown Stone Clothing Hall,"
Ncs. 603 and 605 CHESNUT Street.
NEW STOCK AT THE LOWEST PRICES.
Flaring fold out our stock of Clothinjr or Gentle
men and Boys, carried over from the lata fire, oar
entire stock ot
FAS Ef 10 NA BLE READY-MADE CLOTHING
IS THE NEWE31,
As Our Prices are the Lowest.
MAGNIFICENT SPHJIG STOCK
Now Ready, to Bait Everybody.
CUSTOM DEPARTMENT.
Our newly, fitted np Custom Department now con
tains fhe largest assortment of all the fashionable
Mew Fabrics for cur patrons to select from.
SUITS, CIVIL AND MILITARY,
MADE UP TO ORDER rEOMPrLY.
In the hlghem style, and at modorate prices.
Bovs' Clothing.
In tills Department of our Stock is also unrirallod.
THE BES1 IN TUB CirY,
At tho Lowest Prices.
Orders executed at shortest notioe.
THE CHOICEST STOOK OF
READY-MADE CLOTHING
'i . '
IA PHILADELPHIA.
K00K5ILL & WILSON,
"Brown Stone Clothing Hall."
IVos. COS and C05CIIESMJT Street
411w24t4pJ .
MONTE ORISTO
Gold and Silver Mining Co.'
OF NEVADA. .
CAPITAL, - - 83,000,000
Shares, $30.
FIT LI. PAID STOOK.
Working Capital, $300,000
, 7500 Shares Only For Sale '
I3FING PREFERRED STOCK
Bearing 25 Per Cent. Interest Per
Annum In Coin.
, , PRESIDENT,
. FREE HAN PBENHSS.rhiladotphia.
TBEA8UBEB,.'
H. C. YOUNG, Cashier Commonwealth National
Bank, Philadelphia.
SECBETABY, '
THOMAS DUNLAP, Philadelphia.
MIMNG SUPEBINTENDEXT.
T. J. JifJIiPHY, Nevada.
OFFICE,
No. 413 CHESNUT St., Philad.,
JRoom No. 5.
Tbe abore Company has lately boen organized
with extensive aud valuab'e Silver Mines in the
celebrated Wmto Pine Mining; District, Lander
county, Nevada.
Parties desirinjr to invest in a bona fide, legitimate
Mining Company, where the subscribers to tbe Work
ing Capital Stuck reoeive tho largest share ot the
earnings, and are guaranteed a large Interest on their
money, are invi ed to examine the Prospectus of this
Company, which may be obtained at the office, No.
413 CBEaNUI Street.
The Mines are now be'ng worked, and maoulaery
will be erected at once.
Subscription recelvel at the office, or by mail, ad
dressed to the Secretary, Post Office Box 1902
Philadelphia. 6 16 wfml3 4p
JJIESKELL'S MAGIC OIL
CUIiES TETTER,
EBYSIPELAS, ITCH, SCALD HEAD, AND AL
SKIN PlbA8EB. i
WAKBABTKB TO CURE OB MONEY BEFC&DED
For sale by all DinggiSta.
t PRINCIPAL DEPOT!
No. 03 South THIRD Street,
Above Cheunut,
Price It eenta per bottle. 4 ii mo
-TTTALL PAPER AND WINDOW BHADE3
l B P. BAl.DKUSTOM BON.
lUltft
N. m Bf BLSU UAUDE3 ntra.