EYISNIiW TIE' (&RjPIBIo H VOL. VIL-No. 13. PHILADELPHIA, TUESDAY, JANUAEY 15, 18C7. DOUBLE SHEET THREE CENTS. THIRD EDITION IUAUGU RATIO U D&Y. Induction of Gov, John AV. Geary "Grand Procession at Harrisburg. Gen. Geary's Inaugural Address Li vely Sccuch at tlic State Cnpltn.1. c Now Government of our Commonwealth. Etc., Etc.. Etc., Etc., Etc. I'KCIAL TtLKGRAPHIO CORRESPONDENCE OF TUB BVIFINU HCLEGRAPH IIabbibburg, January 16. This city was alive at an earl; hour thin morning with the prepa. rations for tbe inauguiation of our soldier Governor at tbe State Capitol to-day. The city Is fail of strangers, and wears the aspect that It did when the celebration of the return of peuce took place. Oar Previous Governors. 1700 to 1739 Thomas Mifflin. 1800 to 1808 Thomas McKean. 1808 to 1817 Simon Snjaer. 1817 to 1820 William r'mdley. 1820 to 1823-JoBCOti Heister. 1823 to 1829 Joseph Hohulztf. 1829 to 1836 George Wolf. 1835 to 1838 Joseph Ritner. 1838 to 1844 David R. Porter. 1844 to 1848 F. R. Shuuk. 1848 to 1851 William F. Johnnou. 1861 to 1854 William Bieler. 1864 to 1857 James Polloek. 1K67 to I860 W. F. Packer. 1860 to 18C7 Andrew Gregg Curtin. 1867 to John W. Gear y. OUR HEW STATS GOVERNMENT. January 13, 1807. GOVKRNNOR. Majcr-Gencral John vv. Geary, of Cumberland county. PRIVATE SECRETARY. Jobn Bobley Dunglison, ot Philadelphia. SECRETARY OX STATE. Colonel Francs Jordan, ot Bcdtord county. ATTORNEY GENERAL. General Bonjamin U. Brewster, ol Philadelphia. ADJUTANT GENERAL. Brevet Brigadier Geneial David It. McCrcary, of Montgomery county. AUDITOR GENERAL. Mojor-Gcneral John F. Hartrann, of Bucks county. PURVEYOR-GENERAL. Colonel James H. Campbell, ot Lycoming county. STATE TREASURER. William H. Kimble, ot Philadelphia. PRESIDENT OF THE SENATE. Lewi W. Hall, of Krie. SPEAKER OF Tn tt HOUSE. Co!onel John P. U.ass, of Allegheny. The Procession. CHIEF MARSHAL. Brigadier-General . C. Williams. National Guird Regiment, ot Philadelphia, under command of Brigadier-General Peter Lyle. Grey Jirserve Battalion, of Philadelphia, Colonel Charles M Provost. Lancaster Zouave Battalion, of Columbia, Major Adam Plohler. Good- Wilt tire Company, ot Philadelphia, Gene ra1 Gideon Clark, Director. Vtgilant Fire Company, of York; one hundrod men equipped. tompany G, Republican Invincibles, Captain McLean, of Philadelphia. Tbe Oath of Office. When the procession reached the Capitol, Iaj r-General John W. Geary ascended the stand, and Attorney-General William M. Mere dim administered the oath of otlice, after which the new Governor proceeded to deliver thu fol lowing address: Inaugural Address of Governor Johu W. Ueary, Delivered January 13, ISO I. Fellow-Citizens : Honored by the selection of tbe sovereign people of my na ive Slate as their choice lor Chief Magistrate ot tbe Commonwealth of Penn sylvania, it is with minded feeliurs of humility and gratitude that I have appeared In the pretence ol jny fellow-countrymen, and before the Searcher of all Hearts, to take the solemn obligation prescribed as a qualification lor that exalted station, "to sup port the Constitution ot the United States and the Constitution ot Pennsylvania, and t perform my flioial duties with fldollty." Profoundly sensible ol everything that is Implied by this manifestation of the p oplo's confidnce,aud mote deeply Impressed with the vast importance and responsibilities of the otlice. than elevated by Its at eunant honors, let it be our nrst grateful duty to return fervent thanksgivings lo Almighty God lor Bis constant p ovidence and unnumbered blessings tous as a p ople, ano especially mine to implore IUb id and counsel in tbe dhcture ot civil trusts, who lia beer mv shield and buckler amidst scenes ol pern and death. In addressing you on this occasion, in accordance with a custom originating with the Republican fathers. 1 propose brieflv to express my opinions on buco quest inns as concern our common constituency, and relate to our common responsibilities. Like countries ot tbe Old World, our nation has bad itn internal commotions. From the last ot tliee we have scarcely yet emerged, and during whioh "War's desoation" passed over our land leaving its blighting influence!) piinoipally upon those infortunate States whose people rebelled against the Government, and notwithstanding the agonising saciifioes ot a meat civil war, toe States that maintained the Government and determined that the Union should be preserved, have constantly advanced in honor, wealth, population, and general piospeiity. This is the first time that a change has occurred in the Executive Deoartmeht of torn state since the commencement ol the war ot the Rebellion ; a briet reference, there ore. to that conflict, and to its roan 1 1 a man Tint he lUf DDTODI late. Wb h.vn i im consolation of knowing that the con test between the North and the South was not, on ftiia art nnA IflF tm hitinn. tor military renown, for territorial acquisition, nor was it tor a violation of auv ot the niibts ot the isoutn. out it was ior uie preseivalion of our own rights and privileges as mn. uh i4r fiiA mitintanarce ol iustioe. liberty, and the Union The object or the South was avowedly the diMniution nt th Union and the establishment oi a contederacv based upon "the corner stone of human slaveiv." To have submitted to this ou ear part, and to have Bhruuk from a manly resistance under such circumstances, woud have been deeply ana lastingly degrading, and would nave oe stioved the valu of the nricelees learacy be queatbed to us by our lathers, and which we are obligated to transmit unimpaired to future generations, rha nairlotio and Union loving people felt that the alternative was that of life ordeaitito the Union) and under tbe auspicious guidaice ol A bra1' am IJoooln, that virtuous and patriotic Chief Magistrate, with tbe blessing of Him wno enrol me di.-tlnlxs uf nilinna airnr oiun action and arbitrary violence on the part ol tbe eouib. the anneal to amis was made. We had a 1 ist cause, aad our aitizena annrovina- It with a degree of iinauimuy hsrettoloja unknown in this or any other eonntiy, 'eft their various employments, tbe r hemes and all that ass dear to them and has tened with enthusiasm to the scenes where duty and oanser called, and as the sorest pledge of their on eweiving love and fidelity to the Union, they unhesitatingly offered their lives tor Its pre servation. Nor was any other tribute with held In providing the means necessary for ibe tneport of our Ice's and armies Nearly two millions ot soldiers entered the Held from time to time on d fferent term of enlistment, the citi zens generally ex Mb ted the highest degree of airio ism in the prompt payment of taxes, in their liberal contributions in the shape of loans to tbe Government; and the world was astonished by the amount expended in their benevolent car. for the siok and wounded, through the agenoles of the Sanitary and Christian Commissions and other cliaiitable associations. More than six hundred sanguinary tattles and skirmishes were fonht, in whxb nearly three hundred thousand of our heroic defenders laid down their lives In their dovolion to the nation "lor Cod and Liberty." t In every phase ol this terrible conflict, ronnsyl vania bore an honorable and conspicuous part. She contributed three hundred and sixty-six thou sand three hundred and tsrenty-tiz vo'unteer sol diers to the rescue of tho nation; and nearly every battle-Held hasbien moistened with the blood and Wbitentd with the bones el her heroes, lo them we owe our viotoiies-uosurpa'sod in brilliancy and in the importance of their consequences. To the dead tbe thrice-honored dead we are deeply indebted, lor without their services it is possible our cause might not have been suoce'sful. It l. notuial and eminently proper that we, as a people, should leel a deep and lasting interest in the present and lu ure wellare of the soldiers who bave bonu so distirguished a part in tbe great con test which has resulted in the maintenance of the liie, honor, and prosperity ol the nation, i'he high claims of toe private soldiers upon the country aro universally acknowledged, and the generous senti ment prevails that the amplest care should be taken bv toe Government to e mpensate them, equally and generously, with bounties and pensions, for their services and sacrifices. I desire that it may be distinctly understood that 1 do not speak of myself, in connection witn tins subject; but 1 am happy to avail myself of this opi ortunity to rpeaa: kind words of 1'onnsylvania'a gallant private soldiers, and the noble olhcers wno commanded them The generosity ot the people of Pennsylvania to tbe Union soldiers lias been imitated, but not equalled by other States. There is something pecu liar in tbe loyaltv ot Pennsylvania. She seemed to leel Irom the first as if upon her devolved the set ting ot a superior example. The tact that she car ried npon ber standard the brightest jewol of tbe repnb lo. tbat in her bosom was conceived, and from her commercial capital was issued the Declaration oi independence, gave to her contribution-, iu men, money, and her unparal'eled charitable organiza tion", ail tbe dignity and force ot a model tor others to copy. The Rebel toe seemed to leel thtt it ho could strike a fatal-blow at Pennsylvania, he wou d recover all his looses, ani establish a resistless pros tipe in the old world But thanks to Divine Provi dence, and to the enduring braveiv ot our cl izen soldiers, the invasion ot our be'oved State sealed her more closely to the cause ot freedom. The result oi the battlo of Gettysburg b'oko the power of tbe Rene lion and although the final issue wa delayed, It was inevitab e Irom the date of that great event, That battle rescued all the othor tree States; and when the nrchol victory was completed by Sbci man's sucoesstul advance from the sea, so that the two conquerors could shake hands over the two fields that closed the war, the soldiers of Penn sylvania were equal sharers in tho glorious consum mation. No people in the world's history have evor been saved irom so incalculable a ca'araity, and no people have ever had such cause lor gratitude towards their defenders. And here I cannot refrain from an expression ot regret tbat the General Government has not taken any steps to inflict the proper penalties ot the Con stitution and laws upon tbe leaders of those who rudely and ferociously Invaded tbe ever sacred soil ol our State. It is certainly a morbid c'eiumcy and a censu rable lorbearanoe which fall to punish the greatest crimes ' known to the laws of civilized nations ;" and may not the hope be reasonably indulged that the Federal authorities will cease to extend unme rited mercy to those who inaugurated the Rebnl licn and controlled tho movements ot its armies? If this be done, treason will be "rene'ered odious." and It will he distinctly proclaimed, on the page- of our future history, that no attempt can be made with impunity to destroy our republican form of government. SOLDIERS' ORPHANS. And while we woud remember 'the soldier who has borno the batt e " we must not forget "his widow and bis orphan children." Among our roost solemn obligations is the maintenance of the indi gent viidows, and the support and education ot the orphan children, of those noole men who tell in defense ol tho Union, lo allirm that we owe a d bt oi gratitude to those who have been rendered home less and tatherless by their parents' patriotic devo tion to the country, is a truth to which all mankind will yield a ready assent; and though we cannot call the dead to lile, it is a privilege, as woll as duty, to take the orphan by the hand, and be to him a pro tector and a lather. Legislative appropriations bave honored the liv ing soldier and entombed the dead. The people, at the ballot-box, have sought out the meritorious veterans, and the noble spectacle is now presented of the jouthful Burvlvors of those who fell lor their country, cherished and educated at the publio expense. Kven if I were differently constituted, my tilicial duties would constrain me vigilantly to e-uard this saced trust. But bavin? served in the same cause, and been honored by the highest uiarka of pu'ilio iavor, I pledge myself to bear in mu d the injunctions and wishes ot the people, and ii osible to increae the efficiency and multiply tbe benefits oi the schools and institutions, already so cn diiubly rs'abnslied, for the benefit of tho orphans of our martyred heroes, FREEDOM AND SLAVERY, The infatuation of treason, the downfall ol slavery, the vindication ot freedom, and the complete tri umph oi the Government ot the people, are all so many proofs ot the "Divinity that has shaped our ends," and so niac; promises of a future crowned with success, If we are only true to our mission. Six ears ago the spectaeie oi lour millions oi staves, ncreasmg steadily both their own numbers and the l mat rial and political power ot their musters, pre- i sented a probltm so appalling, that statesmen con templated it with undisguised alarm, and the moralist with shame. To day thee lour miflons, no longer slaves, but freemen, having iutermediately ! proved their humanity towards tneir oppressors, their fidelity to society, and their lova ty to the ! Government, are peaceiuuy moorporaiea into mo body pohtio, and are rapidly preparing to assume i their rights as citizen of the United States. Not. withstanding this unparalleled ohange was only e fleeted alter an awlul expenditure of blood and i treasnre, its consummation may well be cited as tne ! Bublimest prooi of the fitness of the American people j to administer the Government according to the i pudges ol the Dec'aiatlou ol inuepeuaence We have but to estimate where human slavery would have carried our country, In the course oi another generation, to realize the force ot this com manding truth. And as we oweu upon tne Gangers we have escapes, we may ine oetier unaerstaua what Jefferson meant when, in the comparative m lancy of human slavery, he exolaimed, "I tterable lor my country when I reflect that Gon is Just!" A i inpie glance at wnat muBt nave Deen our law had slavery been permitted to increase will be suf ficient, in isw tne eiave population amount -a, in exact numbers, to three millions nine bundled aud lilt v. three thousand seven hundred and sixtv. Taking the increase, 28'89 per cent., from I860 to i860 as ine oasis o caicu anon tor every ten years, in 1100 they would have numbered at least upward of nine million What Christian 'tatesman, as he tiittuks God tor the triumph of thu Union arms, does put shudder at tbe terrible prospect pre ented by thPfe startling figures? Hut while there is cause for constant so'icttude in the natural irritations produced dv such a conflict, he is Put a vloomv proptiet who does not anticipate that tbe agenoles which accomplished these tremen dous results will sucoesslully cope with aud put down ail who attempt to govern tbe natiou in tins interests of deflated ambition and vanquished The people of the conquering North and West bave comparatively little to do but to comnlete ihe go 'd work. They command tlte position. The eour ago or the soldier and tbe sagacity ol the statesman, working harmoniously, have now sealed and con firmed the victory, and nothing more is required but a faithful adberenoe to the doctrines which have achieved such marvellous rcsu'ts. EDUCATION OF THE PEOPLE. The overthrovr of the Rebellion has changed the wbole system of Southern society, and proportion ately afl'uoted other iuterestt and sections. De manding tbe enlightenment of millions, long be nighted, it lorces npon the North and West the con sideration of a more perfect aud pervading educa tional policy. Much as we have boasted, and bave reason to beast of cur common schools, we cannot deoy, when we compare tbem with those of New England, and eontrast them with the preparations for the education ot the Southern puopie ol an classes that we have mush to overcome, if we wonld equal the one or stimulate the other The recent convention oi County (school Superintendents oi Pennsylvania exhibits some startling facts, which de-erve the attention of the people and their lepre-entatives. etit is not by lens ation alone tbat any people can be brought to understand their relations to each other as eitizens. Their best instructors are them selves. However liberal tbe appropriations may be, If these are not s conded by that commendable spirit which impels the parent to impress upon the child the necessity ot a sonnd moral and intellectual training, your representatives are generous in vain. F.veryihlng depends nuon the people; hence the great complaint, preferred by tbe convention of teachers, of shortness ol terms in some districts, of the small attendance of enrolled scholar, of the employment ot unqualified Instructors, and of the want ot proper school-house, results unquestion ably not so much Irom the indifference of tbe State, afroro the negligence of those who are invited to share and to enjoy tbe blessing of a cheap and ad mirable system ot popn'ar eduoation. It my fellow citizens will only recollect the difference between the opportunities of the present generation and those ot their la' her, and how much is to be gainod by a cultivation of modern facilities, they will reuuire little exhortation to tho discharge of duties which relate almost exclusively to thomsolvesand to those nearest and dearest to them. . Tbe importance of common schools, In a republi can government, can never bo fully estimated. To educate the people is the highest public duty. To permit them te remain ir ignorance Is inexcusable. Kverything, therclore, a iould be encou-aced that tends to luild up. strengthen, and elevate our State on the sure foundation of tne education ot the people Every interest and industrial pursuit will be aided and promoted by its operations; every man who is educated Is Improved in usefulness in pro portion as he is ski'led in iubor or intelligent in tho prolessions, and is in every respect more valuable to society. Education seems to be essential to lovalty, fornoSttte in the full enjoyment ot tree schools ever rebelled against the Government. Pennsylvania should be tho vanguard in the great mission of ducation. She should remember that, a she ha been the mother of Mutes, she hotild also be the teacher of States. "The great problem of civilization i how to bring the bigher intelligence ol tbe community and its better moral feelings to bear npon the masses of the people, so that the lowest grade f in'elligence and morals shall alwavs be approaching the higher, and the higher still rising. A cluircii purified ot superstition solves part ot this problen, and a good school system docs the rest." TH STATE MILITARY. Nothing, after the education of the people, con trli ults more to the security of a Mute than a thorough military system The fathers of t'ie re public acting upon the instinct ot preparing for war in time ot peace, embodied this knowledge among the primary obligations of the citizen. Vet the Rebellion lound us aimost wholly unprepared. Our confidence in our institutions was so firm that the idea of an attack upon tbem from anv quarter, much less irom those who had been the ' s oiled children" of the Government, was never believed possible, however threatened, the first clash ot arms found us equally undeceived aud unorganized, and we very soon experienced that tbe contrivers of the great slave conspiracy had not only strengthened themselves bv the stolen ships, arms, and lortihcatlons ot the Government, but had b en lor years dciiantdly Instructing their youth in the science ot arms; and when the bloody tempest opened upon us ihey were ready lo spring at the heart ol the republic wbiie the citizens, in whose bands tbe Government was lelt, were compel cd to pioiect themssives and their country as best they could. When we reflect upon the terrible sacrifices we endured 10 maintain our liberties, and anticipate that glorious period oi our country when the whole continent will be dedicated to human freedom, and v hen tne despotisms of the earth will construe our example into a standing threat against their tyranny, we cannot disregard the consideration of this im portant subject. As before remarked, I'ennsy'vania contributed over three hundred thousand troops to die national cause. Deonctiug the loss of nearly tuirtv thousand by wounds and ditease incurred in the field, what an immense army has been left to circulate among and to educate the mass ot our population! Properly comprehending this thought, we have at once tho secret oi our past success, our pre-eut gaiety, and our luture power. It would be easy to cieate an emulation in tbe sci' nee ot arms among the youth ot the Stato, by proper organization, and to dissemi nate, in all our schools, that lovalty to the wbolo ceuntry without which there can be no permanent saietv lor out liberty. In their late report, tho Visitors to the West Point Military Academy laid a significant stress upon tho necessity ol such preceptors, in the lnture, as would teach l he students of that institution their first and unavoidable obligations to the principles uoon which the Government itself reposes. T he neglect of this kind ot instruction was ieit in almost every movement during the recent conflict; and it is not going too fur to sav that many who disregarded their oaths, and who drew their swords agaiust the Government that had educated and nourished them, found a meretricious consolation in the tact that they were permitted to cherish an allegiance to the State in which tlev were born, which conflicted with and destroyed that love of country whioh should be made supreme, and above all other poli tical obligations. 11 in our past and recent experience there has been exhibited the valuable and splendied achieve ments of our volunteers in tbe national deteuse there has also been shewn tho necessity ior military the rules ot discipline so essentially necessary in their prompt and eft" ctual employment. In order. theielorc, to make our military system effective, we i should have particular regard for the lesson, that to prevent or repel danger, our State should alwavs I bave a well-disciplined force, prepared to act with j promptnessand vigor on any emerge no v; nor should ! we lorget that it is impossible to teli how soon I our warlike energies may again be required in the I field. ; HOME BESOUBCES AND HOME LABOR. In nothing have our trials during tho war, and j the lesultma triumph ito our arms, been so lull ot compensation, as lu the establishment of the proud luet that we are not only able to defend ourselves against asault, but, what is equally Important, to depend upon ana live upon our own resources. At the time ibe Rebellion wus precipitated upon us the w hole business and trade ot the nation was PRialvzed. Corn in the West was used lor tuel, at d the producer was compelled to lose not only theintertst upon his capital, but the very capital Le had invested. Labor was in excess, and men were everywhere searching lor employment. Mills and luinaces were abandoned. Domestio tutor-tonr-e was so tnllli g that the stocks of a number of the most important railroads ia the country le i to, aid long remained at, an average price ot less thau hi it per cent. But the moment danger to the Union became imminent, and the neces-ity ot self-reliance was plainly preentd as the only means ot securing jirotec'ion, and tbe gradual dispersion of our mer ot autile marine by the apprehension of the armed vessels of the Rebels, the American people began to practise upou tho maxims ot self-defense and self dependence. From having been, if notabso luiely impoverished and almo.t without remunera tive enterprise, depressod ty unemployed labor and into capital, all their great material agencies were brought into motion with a promptitude, and kept iu operation with a rapidity and regularity, which ie ieved them from want, their country from dan ger, and excited the amazement of civilizedna'ions. Protection to the manufactures ot the country, wi.en rijrhtiy viewed, Is merely the defense ol labor aztinst competition Irom abroad. The wages of lu or in the United Slates la hleher than those in i,v other country, consi qiently our laborers are ibe more elevated. Labor is the iouudatlon of both lMlivioual and oational wenlta; and those nations Unit bave best piotected It irom foreign competition lmve boen the most prosperous. It is oloarlv, there ine the interest of the nation to foster and proteot domestic mdustry, bv relieving Irom internal taxa tion every sort of labor, and imposing such heavy dut'e upon all importations ot foreign mauufaetured smelt s as to prevent tbe possibility of competition trom abroad. Not only should Individual enterprise and indus try be thus encouraged, but ail public works, a lu eral and proper y restricted general railroad sys tem, and internal Improvements of every kind. receive the toBteriug caie aud most liberal aid ef the Government. Weaienchin everything neocsary to meet our wants and render us Independent of every other country, and we have only to avail our selves of our own resources and capabilities to pro gress continually onward to a degree of greatness never yet attained by any nation. Our agricultural, mineral, and manufacturing resourcoa are une qualled, and it should tie our constant study to devise and prosecute mean tending to their highest development. V by, then, should not the wisdom of Government make aval able the teachings of experience, and a' once legislate lor the manilest good ofthepooplef Wuv pi i nut our mauaiactures to beg tbat they may live? The Government of Great Britain has, by her pro tective system, "pi ed outy upon duty," for more than one hundred and fifty years, and henoe uoon protection is founded her maunlactunng supremacy. Tot ber emissaries come to this country, and tor sinister purposes extol "free . trade," speak seotT li.gly of "protection," and endeavor to persuade our wtop o to believe and adopt the absurd theory, that "laiifls binder the development of industry and the growth ot wealth." I he great Republican party, in the Convention which nominated Abraham Lincoln, in Chicago, in IRtiO as ii prepLrlng lor the very war which moat of our statesmen were at that period anxious to post pone, adopted a resolution "which," to nse the lan guage ot an eminent PenasTlvauian, "declared that the produce of the farm should no longer be com pelled to remain init and losing interest while waiting dernanu in Distant markets; that the capital which da. ly took the torm ot labor power slouid no longer be allowed to go to waste; that the tuel which underlies our soil shou'd no longer there remain to be a mere support lor foreign rails; tbat the powet which lay then petrlflod in the lorm ot coal should everywhere be brought to aid tbe human a m; tbat onrvast deposits ot Iron oie should be made to take the torm oi engines and other ma chinery, to be used as substitute for mere mu-cular loice; and that all our wondenul resources, mate, rial and moral, must and should be at once de veloped "Such was the intent and meanlngof the brief reso lution then and there adopted, to be at tbe earliest practicable moment ratified by Congress, as proved to be the case when the Morrill tariff, on the inem rahlo 2d ot March, 1W, was made tho law ot the land. To that law, aided as It was by the admirable action of the Trea-ury in supplying machinery of cucnlat on, we stand now indebtod for the tact that ve bave, m the short space of nve vears, produoed more food, built more bouses and mills, openod more mines, constructed more road, than ever betoro, and so greatly added to the weal h of the country that the property of tbe loval States would this day exchange lor tvtlce the quantity ot gold that could five vears since hare been obtained for ail tbe real and personal property, Southern chat tels excepted, of the whole of the States and Terri tories of which the Union stands composed " It the principle of protection proved to be such a talisman in the time of war, shall we rcieot it in time ol peace? It an answer wore needod to this question, relercnce could be had to the repeated concessions to this principle bv 'he recent free traders of the South. Scarcely one o: the ambi tious men who led thoir unfortunate people into rebellion but now freely admits that i ( the South had manufactured their own fabrics, on their own I lantations, and cultivated skilled labor in their great citios, tney would have been ab e to prolong Uielr conflict with the Government; and now to enjoy substantial, instead of artificial prosperity, they must invoke tbe verv agencies they had so long and so fatal'y disregarded. Words nee I not be multiplied npon this important theme either to make my own position stronger, or to impress upon the people tbe value ot adhering to a system which has proved Itsc f worthy of our continued Biitiport, and ol tho imitat'on of IU former op ponents. FINANCES. The exhibit of the financos ol the Commonwealth, as presented in tho late annual message of my pro dec. ssor, and the report ot the Mate 1 reasurer, is o-rtainly very gratif) ing; ana tho flattering pros pect of the speedy extinguishment ot the debt which has been hanging lor so many years li'te a dark cloud over tho pro-pectsof our State, combined with the hope that a reasonab'e reduction wil be made in our habitual annual expenditures, will cheer tbe people onward in the pathway of dot. Among tbe most delicate and important obliga tions required of thoso in official positions, is a strict aud laitbtul management ot the public revenues and expenditures of the Common wea th. Taxation should be applied whore its burdens mav be least le t, and where it is most just that it should be borne. Every icsource should be carefully hus banded, and the strictest economy practised, so that the credit of the State shall be maintained on a firm aud enouiing basis, and the acbi suroly and tfead.ly diminished, until i s final extinguishment. Unne cessary delay In this would, in my opinion, be in compatible with our true iuterests. Thutthe e expectations are capable of speedy and certain consummation has already been demon strated. The public Improvements, tbe cause of our heavy debt, which seemod to be an Incubus uoon the prosperity of tbe Stato, so long as the were managed bv ber agents, have been sold; tho lax on reul estate has been abolished, and considerable reductions U wo v lready been made on the State debt. This important branch of the administration shall receive my constant and zialous attention. EXECUTION OE THE LAWS, The geucral and es-entlal pnncip es ol law and liberty declared in tho Constitution of Pennsyl vania shall be watchfully guaided. It will be my highest ambition to admmster the government in tho true spirit of that instrument. Care shall be token "that the laws be faithfully executed." and th decisions of the courts respected and enforced, il wi bin their authorized jurisdiction. Influenced on y bv considt iations lor tbe public we If am, it is n.v imperative duty to see that justice be ltnpar tin lv administered. That mercilul provision, the pi.rdontng poicer, conferred upon the Executive oouttless ior correcting only tbe errors ot criminal iurisorudence, and securing justice, shall not be perverted to the indiscriminate protection ot thoe wi o may be ju: tly sentenoed to bear penalties for intractions oi the laws made for tbe security and im tection of society. Those "crueilj" or' exoes- lively" tunistied. or erreueousl conviot;d, are sncli shou'd ex Beet its exercise in tueir behaf. U benevi r the people deem it expe.lient or neoes surv, trom actual experience, to alter the laws, or to amend tbe Constitution, it is their undoubted right to do so, according to the mode prescribed within itse'l. I here repeat, what I have said else where, that "so long as the people feel that the power to alter or change the character of the Gov ernment abides in them, so long will they bo im pressed with a sense of security and of dignity w hich must ever soring Irom the consciousness that they bold within their own hands a remeny tor every political evil, a corrective lor every govern mental abuse and usurpation." THB NATIONAL SITUATION. We are confessedly in a transition stale. It is uiai reilous how prejudice has perished in the fur cuce of war, and bow, from the very ashe of old bat reds ar.d old parties, the truth rises purified and triumphant, ibe contest between the Executive and a ( ongross twice elected by substantially the same surf' ages a contest so anomalous in our experience a- not to uave vvou auucipaieu oy tne iramors oi the TSutional Constitution has only served to develop the remarkable ooergies of our peop e, aud to strengthen tbem for luture conflicts. That contest is virtually decided. the victorious forces, pbvsical and moral, of the ( g.riotio millions, are simply pausing bofore thev pirtect tbe work ot reconstruction. Twenty-six Mates bave not only been saved from the oonflairra tiiu ot war, but have been crystallized in the saving. I In- unrestored ten, still disaffected and still doli ant. seem to be Providentially delaviug their return to tbe Union, so tbat when thev re-enter uoon its obligations and its b essings they will be tho better able tolulfilthe one aud enioy the other. Their condition is a learlul warnlug to men and nations, gin. especially to ourselves. Until slavery tell we did not fully understand the a ue ol republican in tllutious Accustomed to tolerate, aud in many cases to deieud slavery, we Jmi not feel that its close proximity, so tar trom aistiug, was gradually des roving oar liberties; and it was only when itbellion tore away t ie mask tnat we saw the hideous leaturee of the monster that iva eating out the vitals ot tbe repubfo. It we are now astonished and shock d at the ex hibition of cruelty ana ingratitude among those who h'lVinK inaugurated and prosecuted a causeless war ajuinst a geucre us Government, and baying been pe niitied to escape the punMimeut they doserve, are once more arrogantly clamoring to assume con trol ot the destinies of this great na'ion, how much greater cause would we have had for aumrlss had g averv boen permitted to increase and multiply? Boast as we mar of our material and our moral victories, yet is it not true tbat there Is no sucn thing as a republican government in the ton State i that bean and carried on tbe war? There Is not. to-dav. a despotic State in Europe where the rights or the individual man are so detiautly trampled under fost aa in the sections which were supposed to have been brought into lull submission to the Government of the United States. But the disease has suggested lu providential cure. Tbe abhorrent doctrine that defeated treason shall not only be magnanimously pardoned, but Introduced to yet stronger privileges because of its guilty failure, seems to have been insisted npon, as it to strengthen the better and th contrasting sloe trine that a naiioi', baviuf conquered it freedom, is Its own best guardian, and that those who were di tested in honorable batt'e snonid be oonstrainod , to submit to all the terms of the oo vqnoror - The vio a to is ol the most solemn oh iatlons the perpetrators of tbe most atrocious crimes m the ant ais of time, the murderers ot our heroic soldiers on fields ot battle, and in loathsome dunreons and barbaroos prisons, they must not, inattnot leappesr in the council chambers ot the natioo, to aid in its leg station orcontiol Its cost nio unless ttsha l be on conditioi s wnlrh wi 1 preserve our Institutions irom their baeml purposes and Influence, and secure republican forms ot government, in their puiity and vigor in every sect on oi the country. That they are inoisposed to accept such condi tions is manilost from their recent and even arro gant rejection of the proposed amendments of the national Constitution amenomnts wh eh are believed, by many true and patriotic citizens ana statesmen, to be too mild and generous. 1 hev have, however, been fully considered by the people during the late eieo ious, and approved by majorities so large a to give thera a sanction whioh it wonld I e improper to either over ok or disre gard. And ceilainly, In view of this fact, none of tbe late Uebol States should tie admitted to their former ' practical relations" to the geaeial Govern ment while they continue to oppose these amend ment. To the Congress of the United States the heartfelt smpathle and overwhelming nutfragea ol the people bave been given. They have learlesa y pro claimed theirunequivocal veruT .i ' Weildone,good and laithloi servants!" Upon tbe d. liberations and actions of Congress our present interests and luture wel are al dep nd. In its firmness and counge tbe whole experiment of genuine republicanism is in disco nhly involved. Tbat this firmness and eourage will be fully exhibited by its controlling majorities in tbe origination and adoption of measures of wis dom and discetlon, even more raaloal and deci sive, il necessary, than thoso of the past, I enter tain no doubt, such measures will meet with mv cordial approval. And I may woll add, that whi'e l ennsylvania will confide in a loya' Congress. lu will not hesitate to sustain it with her entire influ ence and power. Tbat in ihe administration of the Government I mav err, is only what shou'd be exnectol trom the infirmities ol the human mind: but as 1 enter upon tho discharge of my respoi sible duties with a firm nsolutiou to act with honesty and impartiality, 1 trust my errors will be regarded with charity, and treated with the gentleness of magnanimous for giveness. And I earnestly hope that my Intercourse viti my fellow-citizens of the senate; and House of Repre sentatives wnl be so frank and cordial that our daties to a common constituency will be pleasantly and faithfully oitoharped. Different brandies otthe Gov ernment, with distinctive duties, we are, neverthe less, parts of one organized and well-regulated sjstem, and as we co-opera' e or disagree, the inte rests of the State will probably be promoted or retarded. Elected by the people, desirous to pro mote the welfare of every cit zen, more partv d ffjr et c s should not bo allowed to iuterlore with the maintenance of a generous, a true, and comprehon-b.vi- publio policy. It was the il ustrlnus Washington, equally dis tinguished as a warrior and a s at sman, who rave utterance to tbe declaration, "tha the propitious smiles ot Heaven cannot po ex tec ted on a nation l lint disregards the eternal rules ot order and r got ;" and Jefferson who asserted ibat "whatever Is morally wrong cannot be po lticallv right " These utterances express my deepest conviotions of tbe rules and pnnoip'es which should permeate and control all goverumtnts Let us, fellow-citizens, adhere to them, be governed by thorn, and our eflerts wi,l be bappi'v united In surrounding the in stitutions ol our State, as well as those ot our nation, w th a rampart ot truth tbat will repel the madness of ambition, tbe sohemes of usurpation, and suc cessfully resist the changes and agitations qf all coming time. The Scenes Tills Morning, SPECIAL DESPATCH TO EV BRING TELEGRAPH Harrisburg, January 15. About four o'olock snow commenced to tail, and still continues; but this appears to be no impediment to the enjoyment of the people. Tbe streets are filled with "Boys in Blue," "Grey Reseives," "invincibles," and other military organizations from a distance. Prepara tions for forming the line of piocess'on, whioh move! at 11 o'clock, are being actively made. Squads ol mon and bands of music are moving; through the streets continually. The Procession. '1 he procession, when ready to move, was made up iu tbe following order: Detachment of Police. Chief Marshal, Geueral . C. Williams, and Mounted Aids. FIRST DIVISION. Under tbe Marsbalshlp of Major . Meconkey, General Peter Lyle commanding the Military Division. United States Barracks Band. Squadron 3d United States Cavalry. National Guards of Philadelphia, General Peter Lyle, one hundred strong, and bearing their tattered batt e-flag. Grey Reserves ol Phl'adelphia. Colonel C. M. Pre vost, three hundred tttong. Columbia Zouaves. SECOND DIVISION. Under the Marsbalshlp of Major T. D Groeneawalt. The Governor, and Governor eloct. Committees ot the Legislature, and Heads of Depart ments, with Guard ol Honor. THIRD DIVISION. Under the Marshalship of General J. G. Owsn. Boys in Bine, Invlnciblos, and Union Leajrue. FOURTH DIVISION. Under the Maishalshlp of Captain William Cauttor. Soldiers of 1812 and Mexican War. Officers and Soldiers of tbe Late War. Wounded Soldiers of the Late War. FIFTH DIVISION. Under tbe Marsbalshlp of John L. Hammor. Judges and Members of tbe Bar. Corporate Authorities of Harrisburg. Clergy. State and County Officers. Alt tubers of Press and other Invited Guests, iu Car riages. SIXTH DIVISION. Under the Marsbalshlp of Captain J. T. Eisminger. Civlo Societies. Employes of Manufacturing Establishments, and Citizens on foot and in carriages. SEVENTH DIVISION. Under the Marsbalshlp of Henry M. Komer. Eleven different Fire Companies, Including the Good Wil', or Philadelphia. In this Division there were five steamers, two band engines, eight bose carriages, and two hook and ladder trucks. ;eneral Geary to the Grey Reserves. SPECIAL DESPATCH TO THE EVENING TELEGRAPH. J Habrisbubg, January 15. While tbe prepara tions for the procession were being completed, about half-past 10 o'oloek Governor Geary appeared on the balcony of the Jones Bouse, and made a short address to the Grey Reserves, of Philadelphia, promising tbem Ibe hearty support of the Execu tive to lurther tho Interests of the volunteer militia a- far as lay in his power. End of the Snow. rortly before 11 o'clock the mow ceased to fall, but the shining of the Bun only served to aggravate tbe dlsoonifort of those who were compelled to stand aud match in the melting snow. Land Office Returns. Washington, January 16. Tbe Commissioner of tbpGeneial Land Oluoe has just received returns showing tbat V6 749 acres ot tbe publio lands were disposed of durin; the months of November and I, oeinber last, .it the tollowinr local offices : Detroit and Terence City (Michigan) Offices, In December. 11,414 and 8109 sores respectively, aad at Brownsville, Nebraska, iu Nevemb r, 11 176 acres. I be greater portion of the land was taken ud under the Homestead law for actual settlement and culti vation. Tbe aggregate cash sales amounted to 13471. FROM BALTIMORE T0-DAT. The Prlre-Flght Murderer Sentenced The United State Senatorshlp-State Treasurerahlp, Etc. SPECIAL DESPATCH TO THE IVBNINO TELEORAm. Baltimore, January 14. Two bullies, named Bam. CoIIer, ot fial imore and James McGlade, ef New York, wvh about thiee hundred fancy men, left here in tbe Northern Cen. tral ears last night to attend a pr'c -fight, for tlCOO a side, at a point twelve mlles.this side ot Harris burg. Jobn Clare, for tbe murder of refer Grove, was sentenced esterday by Judge Emerv to be hanged. There is some disputation In the Maryland Senate atont the repeal of the Eastern Shore law, aad do- fees tn political bargains may delay Mwann'i elec tion to tbe United States 8enate a few days. Robert Fowler baa been agreed upon for re-election lor the State Treasarership. Two inches ol snow fe.l here last night. THE PRIZE-FIGHT. The Baltimore Boy Galna an Easy Victory-Character of bis Laurels, Etc. SPECIAL DESPATCH TO THE EVENING TELBGBAPH. Habbisburo, January 16 Ihe vrlze-Sght be tween Collyer, ot Baltimore, and McGlade, of New York, came eft this morning according to the arranged programme, at a point nyir t'ie rail r sad track, about ten miles from ibis city. The ianey were out in full force aud feather, notwithstanding tbe inolemency of tbe weather. A whole regiment of them came ut from Baltimore, while Njw York and othi r points wore large y represented. Three rounds were fought, occupying loss than ten minutes, when Collyer was doolared the victor. He made short work of McGlade, as was expected by tbe "knowing ones," who bet largely in favor of the ' Baltimore Boy." Arrival of the Steamship Bremen. New York, January 15. The steam hip Bremen, from Southampton, with dates of the 2d, bai armed. Ur news baa been anticipated. Markets by Telegraph. New York, January 16. Stock are steady. Chi cago and Hock Is and, 102 j ; Reading, 1041; Canton Company, 48: Erie 65J; Cleveland and to odo, 126: Cleveland and Pittsburg, 91; Pittsburg and Fort Wavne 1071; Michigan conirai, tu7; Michigan southern. 80: New York Central. 108S: liitiow Cen- trat, 119J ; Cumberland prt torrd. P6; MUsoun , 931; U 8. love twenties of 1862, 107; do 1863-4, 106J; Ten-forties, 99; Seven-thirtie. 104J; Sterling Kxcbange, j ; slgbt, 10 ; God, iiHJ, Due it nas been lU6j ; Money is 7 percent.; Hudson River, 1264. New York, January 17. Cotton quiet at 841 ("850. y lour dull; oeo ined lod'15 cents. Sales of 4600 barrels ; Sta o 0 6012 40; Ohio 11'901416; Western, 89 4018-76; Southern. i.1217. Wheat dull and deolining. corn du I. Oats uulot. Beet steady. Pork quiet. Whisky dull. FINANCE AND COMMERCE. Opfice of the Evening Telegraph, I Tuesday, January 15, 1867. i The Stock Market was Inactive this moraine, but prices were without anv material chancre. Government bonds were firmly heli. 18G2 6-20s sold at 1064; July. 1865, 5-20s at 104 j, an advance ot 4; and June 7'30 at 1044, no change. 991 was uiu lur iu sub; uuu iuo ior on ui isii. city loans were unchanged! the new issue sold at 100100j, anil old do. at 96.. Railroad shares were the most active on the list. Reading sold at 52l,52j, an advance of i on the closing price last evening; Northern Centra' at 46, no change; Catawissa preferred at 2!H20J, a slight decline: Pennsylvania Rail road at 5G. no change; and Norristown at 03, an advance ot 1. City Passeneer Railroad shares were doll. Thirteenth and Fifteenth sold at 1!; 40 was bid for Cbesnut and Walnut; and 14L for Heaton ville. Rank shares were firmly held at full prices. In Canal shares there was nothing doing 22j was bid for Schuylkill Navigation common; 33 for preferred do; 64 for Lehigh. Navigation; 87 for Morris Canal common; 124 for preferred do.; 134 fr Susquehanna Canal; and 6o'i for Delaware Division. Quotations of Gold 10J A. M., 135; 11 A. K., 1354: 12 M., 1344; 1 P. M.. 134 J. Philadelphia stockholders of the Bank ef Louisville, Ky., are notified that their semi annual dividend of lour per cent, will be paid at the Bank of North America on Wednesday, the Kith inst. A dividend of four per cent, has been de clared by the Buffalo Water Works. Phlla tlelohia stockholders will be paid at the Tradesmen's National Bank on aud after tbe 15th inst. PMUUF.IPITIA STOCK EXCHANGE TO-TJAI Reported by De Haven & Bro., No. 40 S. Third street FIRST BOARD. 760 6-20s62cp.sm..l061 If 01) do 66Jy....l04 8600 U 8 7 30s. Je..l04i 60 sh N Central. 4C1 110 .i Cats pi 25u 10,1 cK Ha rv. t P100 do Aug.. 104 (1000 US 10-40s cp. ,e 993 (1000 City 6s new. . . .100 (300 do otokso96i 500 Be'vitcDel bds 86 (1000 W J R 6s 86 (5000 PaR 1st m (Salts 991 (2000 Lehigh V bs.. 96J 60lhl3thfcl6th.... 19 100 sh do 29 6 so Reading 62) 6 sh do ...s6wa 62! 6 sh do e 62 8sh do 62! 100 sh do 62f 6 sh do.tranaf.e 62 1 loBa,j- do e bi Brother. No. 40 South Messrs. De Haven & Third street, report the following rates of ex- r,anyA frunav ar. I V M A mari.o n nAM ltlii 134j; 8ilver and 4s, 130; Compound Interest Notes, June. 1864, 16 ; do., July, 1864, 15; do., August, 1864, 16 j ; do.. October, 1864, 14J; do., December. 1864, 133; do.. May, 1865, 11 ; do., Antmst, 1866, 10 j; do., September, 1865, 101; do., October, 1865, 9J. Messrs. William Painter & Co., bankers. No. 3C South Third street, report the following rates oi exchange to-aay at in o'ciork: U.S. 6s, ihsi, coupon, 107108; U. S. 6-20, coupon, 1862, lC7i(?r5107i; do.. 1864, 105i105; do., 1865. 1064. &1054; do., new, 1865, 1044O104,; U. 8. 10-40s, coupou. 9901; U. S. 7-30s, 1st series, 1044104J; do., 2d series, 104104?; 3d scries, 1044104j; Compounds, Deoembei, 1664, 132?tl3j. . Philadelphia Trade Report Tubsoat, Jannary 15 Trade in Flour continues qutet. but holders ere very firm In their views "The stock of spring and winter Wheat Is very light, and many holders are Indifferent about rea ding at present prices, as tbey are confident that prlees will advance later In the season. Western correspondents assert that two-thirds of the stock of winter Wheat In the country baa alreadv been eonsomsd. The home fade purchased DM) barrels). Including supeiflne at Wi8 16. extruat HtftlO 60, North (veaiern extra laiullv at al'-froia 60, -Pennsylvania and Ohio extra famly at U0U'i6, aud fancy brands at al4 wmi. aocordtng to quality, m barrels Bye flour sold el 7 ii fcf bbl, Slothing doing in Corn net', Tnere Is no tailing oil In the demand for prime Wheat, whlcn commands tull prices, but etnimun qualities are neglected. We quote Pennsylvania red at St IfiWM. 8outhrn 'red at S3T0MS JO and white at $l-iiU(i,3-4. Fye ranges rem il 8(fl,l 40 for Western and Pennsyl vania. In Corn, no change to notice; saetof3n(i0 bushels Including new yellvw at SI Kit and old yel low at ai'lHfcti-U. oats are selling at 67vt,60o. Nothing doing in Whisky, aad prices are nominal. A Gift to a Princess Tbe inhabitants of North Schleewig made a subscription for the purpose of presenting a gift lo the Princess Dagmar on tbo occasion of ber marriage, and the Danish painter Skovgaad has furnished a picture of a spot in the neighborhood of Apeurade, one of the most beautiful districts of Schleswig. On the frame will be painted the names of all the town? and villages in the north part of Vt province.
Significant historical Pennsylvania newspapers