G THE DAILY EVENING TELEGKAPH. PHILADELPHIA, WEDNESDAY, FEBRUARY 6, 186 CONUIIKSSIONAI, FROCGKD1NOS, Tta following arc the Confrresnioniil proceed 1bk of ymti-nlay, continued from our Fourth JMittOi) : ' ' Washinotom, February fi. Senate. jdr. GRIMES, of Iowa, from the Committee on Naval Attain, reported, with amendment, the bill stenning me rana 01 Anmirai una stntt officers la ike navy, and crediting to volunteer olltcera In Ui naval and marine service, wbo may be trans ferred to the regular service, the sea service performed by them as volunteer ofHoers. Mr.' FEKNENDE-N, of Maine, from the Corn nntee on Finance, reported, with verbal amend ments, the bill making appropriations for the pay ment of invalid and other pensions for the yeitr ending June 30, 1808. The bill appropriates $33,- JfHLMlO. Mr. TRTTMBULI,, of Illinois, Introduced a bill to enable States to seleot swamp and overflowed lands within their limits, omitted to be selected nder the act of Congress of 2Hth September, lfc-50. Referred to the Committee on Public Lands. Mr. DAVIS, of Kentucky, Introduced a bill an thonging the Circuit and District Courts of the Veiled Slates to remit or mitigate forfeitures, fines and disabilities in certain oases, which provides that when any person shall incur any fine, penal tv, forfeiture or disability, or shall have been In terested in any vessel, goods, wares or merchan dise which chnll be snbject to seizure, by force of law, for levying duties or taxes, or any act con cerning the registering or licensing of vessels en Reed in the coasting trade or fisheries, shall have been sued or Indicted In the name of the United Ftntcs, the District or Circuit Court of the United States trying such case, and rendering judgment in the same, or In which the case may be pending, shall have power and discretion on the tacts before the court to mitigate or remit such fine or for feiture, if In the opinion of the court the same shall have been incurred without wilfnl negligence or intended iraud on the part of the delendunt, and also to direct the discontinuance of such suiton such terms as said conrt may deem just. Keterred to the Committee on Finance. Mr. WILSON, of Massachusetts, Introduced the following, which was considered and agreed to. Resolved, That the Secretary of the Treasury be directed to report, for the Information of Oou rrees, what amount of money has been received from sales ot cotton or other property turned over to the Treasury Department tinder the several laws of Congress, and what disposition has been made of the same; whether any of the money has been paid or refunded to claimants, and if so, the name of such claimants, the amounts severally paid, and nnder what authority of law, and upon what evidence such payments have been made. Mr. HENDERSON, of Miseonri, Introduced a bill to authorize and provide for the construction of a military and postal road from Galveston, Texas, to Fort Gibson In the Indian territory, with a branch to Little Rock, Arkansas. The bill grants the right of way over pnblic lands, and requires the government to issue to the company 4l)u,liuu in United States bonds for every twenty miles of the said road laid with double track, wben in running order. Referred to the Committee on the Facilio Railroad. Mr. "WADE, of Chio, moved to postpone all prior orders and take up the one term constitu tional amendment. Mr. POLAND, of Vermont, hoped not. He toped the Bankrupt bill would be taken np and disposed of. Mr. WADE said there was no prospect of reach, lag a vote on the Bankrupt bill. Members were still anxious to speak on it, and there was no tell ing where the debate would end. Mr. F ESSEN DEN, of Maine, hoped the Bank rupt bill would not be laid aside. It was an im portant measure, and ongbt to be passed. Mr. SUMNER, of Massachusetts, said the con stitutional amendment did not need the signature f the President, and might therefore be acted on up to the last day. With a legislative bill it was dif ferent Senators wonld see the reason for passing important bills at tbe earliest possible day. Mr. WADE, of Ohio, withdrew his motion, and the Bankrupt bill came op, the pending question being on the amendment of Mr. Howard to strike nt the 37th section, which applies the provisions of this act to all corporations and joint stock com panies, and contains a proviso, "that whenever any such corporation or joint stock company shall become bankrupt, such decree in bankruptcy shall work a forfeiture of all the franchises of such cor poration, and the affairs of such corporation shall be wonnd np in tbe manner provided in this act in respect to private persons." Mr. POLAND, ot Vermont, moved to amecd the section proposed to be stricken out, by inserting the words"moneyed and bnsiness"before tbe word corporation, and by striking out of the proviso the words "such decree of bankruptcy shall work a forfeiture of all the franchises of said corpora tion, and the affairs of such corporation shall be wound np," and inserting in lieu thereof tbe words "its property and assets shall be distri buted among the creditors of such corporation." The amendment was agreed to, and tbe question was then taken on striking out the section as amended. Disagreed to. Mr. FOGG, of New Hampshire, offered an amendment to strike out the following from the thirteenth section: Provided that when tbe number of creditors present amount to five and less than ten, the votes of two, at least, shall be necessary for a choice; and when tbe number of creditors amounts to ten er more, the votes of three, at least, shall be neces sary for a choice." The amendment was agreed to. Mr. FOGG, of New Hampshire, offered an amendment that no discharge under this act for debts contracted before its passage shall be made without tbe consent of three-fonrths of the credi tors wbo have filed and proved their claims. Mr. Fork spoke against the bill as a dishonest measure, calculated to be of no benefit to worthy and deserving men. He wished to utter a solemn i protest against it. The amendment wag disagreed to. Mr. SUMNER, of Massachusetts, moved an amendment, by way of proviso, that no judge shall proceed to the eonsideration of a petition tor voluntary bankruptcy until the petitioner shall have taken the test oath of the act of Congress of July 8, 1M13. In ottering the above, Mr. Sumner said a great many persous went with rebellion for the pnrpose of repudiating their debts. He wished to prevent them from reaping the benefit of that rebellion nnder this bill. Mr. JOHNSON, of Maryland, did not believe any such motive influenced secession in the south. Mr. SUMNER subsequently modified his amend ment so that in administering the oath such words as make it applicable to the holding of any oilice shall be omitted. The amendment was debated by Messrs. FKS SENDEN, SUMNER, POLAND and HENDER SON, and was then disagreed to. Yeas 1U; nays 30; as follows- 1 ' Yeas Messrs. Ohnndler. Cragin. Fogg, Fowler, Howard, Lsne, Potneroy, Sunnier, Wade, and Wilson Nayi-Messrs.Brnwn, llnckslew, Oonneis, Cowan, Savin. Dixon, Doollttle, Kdiuuuds, Fesseuden, aos ter, Harris, Hendersou, Hendricks, Howe, Johnson, Kirkwood. Morgan, Morrill, Norton, Patterson, I'o- i?ndt,.yB.n,"e?,,,f"B.?aul8l,nr' Sherman, fctewart. Van Winkle, Wllley, Williams and Yates 30. Mr. EDMUNDS, of Vermont, ottered an amend ment as a proviso, that all citizens of the Onited States petitioning to be declared bankrupt shall tile an oath ot allegiance to the United Stated with their petition. Agreed to. Mr. HENDERSON, of Missouri, mot.d to amend by making the minimum amount of in lebt ednees lor which voluntary bankruptcy m.'.y be instituted $1000, instead of $300, as in tbe Liil of the House. Agreed to. Mr. FOGG, of New Hampshire, moved to insert 3300, instead of S'SUO, in the place alluded to. Dis agreed to yeas 10, nays'JU. The bill was then taken out of Committee of the Whole and reported to the Senate. Mr. SUMNER, of Massachusetts, asked for an other vote on striking out the lollowing: "And in all proceedings in bankruptcy commenced after one year from the time this act shall go iuto opera tion, no discharge shall be granted to a debtor whose assets do not pay fifty per cent, on the claims against his estute, unless, the assent In writing of a majority in number and value of his creditors who have proved their claims is tiled in tbe case at or before the time of application for discharge." Mr. BUCKALEW, of Pennsylvania, moved to amend tbe text of the above by striking out the words "commenced after one year from the time this act Bhall go into effect." Disagreed to. The question was then on striking out the clause above qnoted. The amendment was agreed to, and the clause was stricken ont. Mr. HEN DRICKS moved to strike out the (pro Tislon requiring tbe registers of bankruptcy to be appointed upon the nomination and recommen dation of the Chief Justice of tbe Supreme Court of tbe Untied States. Disagreed to. Mr. WILSON said he Intended to vote against the bill because of the amendment adopted this afternoon. He thought the bill a good one as it came from the House. After further discussion by Messrs. Cowan and Snmner, the vote on the bill was taken as follows: Yeas Messrs. Chandler, Oonnass, Dixon, Doollttle, . Idmnnds, Jfseaenden, Font or, Howard, Howe, Jubu soa, MoloDgll, Morgan, Morton, fuland. Pomorof , Jteiuatv. Roes, Btewart, Bumner, Van Winkle ai. Mays Messrs. Brown, Buokalew, Ursula, Davis, fowler, Urimei, Harris, lUiidersou, Hendricks, Klrkanod, Lsne, Morrlll.'Pattereoh, "anlshurr, Bhr nen. Trnnionll, Wsde, Wilier, Williams, Wilson, Yates li. A sent or rot voting Messrs. Anthony, Oattell, Cowan, t'resswell, rre inghtiysen, Guthrie, Nosuntb, !r-. Llddle. rpragua 10. So the bill wns lost. Mr. HARRIS originally voted In the affirmative, but changed his vote for the purpose ot enabling him to enter a motion to reconsider. Mr. WILSON entered a motion to reconsider, and the t-enate then, at 5 P. M., adjourned. House of Keprescmtatlvest The Hoafe then, at ten minutes past two o'clock, went Into Committee of the Whole on he State of the Union, Mr. GARFIELD In tbe cb Ir, on tbe President's annnal message. Mr. HOOPER, of Massachusetts, took the floor, and addressed the House on the bill to amend the nntlonal bunking law. He Bald: Tbfl principal ot ioot of the hill la tn nrovlde the power which experience bas shown to be necessary to enforce ihe requirements cf the original law, by en laigfrgthe authority of the Comptroller In cases of neglect or refnsal on the part of tbe banks to conform to those requirements. It r ncere some provisions of the law mors clear and definite; and it prescribes the mode of prnoeedins by receivers, who may be appointed to elose np tbe busi ness of a bank. it requites all the banks in the cities named as places for the tt demption of circnlaiinaj notes, to redeem at New York not only their own circulation, bnt also the circnlation of any bank for bioh tbey act as redeem in agent It prohibits the banks from including and reporting compouiid-intaruat treasury noted, or any balance duo them, which bears interest, as pari of their reserve of lawfnl money. It changes the law In reference to usurious Interest to I be foi leittire of the whole debt, instead of the for feiture of the amount of interest, as proscribed in tbe present law. It provideacirculatlng notes for new banks organi.od nnder the law by scaling down ibe proportions to the existti.g banks, and requires any excess over the new allotment of circulating notes to be returuel to the Comptroller. It rednces the national taxation on tbe circnlation of the banks to half of one per cent, per annum in stead of one per cent., as provided in the preseut law. The tax of half of one per cent, on deposits is con tinued, and the tnx of half of wne per cent, on the capi tal of tbe barks is repealed. There are tbe prlucipsl amendments proposed by this bill. The returns published of October 1, 186?, show U42fl.HHi.ln das the anion nt of United States securities bclonsir.ff to the national banks: of which over S3JI- (m(i,h ii were deposited In the Treasury as security fur their circulating notes. It oould hardly be deemed wise and expedient at this time, wben it is so desirable to bring about a Bottled 0 nuitlou of tbe currency and flt.nncoB. to disturb this large investment by requiring the national banks to be wound ui, and their notes to be wilhiirawn trom circulation to substitute United btates legal-ti nder notes iu place of them. I r.aimot ilonlit that it la the settled onlnlon of this Congress that the amount of circulating notes of the national banks should not be increased oeyona me .13IKI.UI 000 now prescribed in tbe law. If more paper money is needed, it wonld bo far tetter to luoreaae the legal tender notes issued by the government, so that the profit to be derived from any Increase of the papor circulation would be reserved to ihe government. I sbonld be in favor of withdrawing all tbe circulating notes of the national banks, ana substituting legal tender government notes for them, iu preference to an increase of the amount of banknotes, believing, as I do, tbat tbe amount ot 8,HKJ,(H0,0OO now authorized Is as much if not more than the banks can sustain, If we are ever to resume specie payments. If we are to have Irredeemable paper money s the permanent currency of the C' nntry, 1 would prefer to have it all issued by tbe government. Ibe governmont legal tender notes were not proposed to take tbe place of coin. T lie currency of t he country at that time consisted of the notes of Btate banks, which had all suspended specie payments, with must of the coined money of tbe country locked up in their vanlts, by the sale of which the banks afterwards re alized a large profit in legal tender notes. The Ques tion then presented wan, whether the government should borrow Btitie bank notes at a higu late of in terest, lor tbe pay ment cf the army and for carrying on tbe war, or whether they should issue for that purpose notes of their own, without any cost for iuterest. This latter alternative was adopted; and tbe legal tender notes turuiahed to the treasn: y over seven hundred nvllions of money, nearly five hundred millions of which was without any cost for interest, at a time when the government was in most pressing need. It did more; it stimulated industry, and provided tbe peo video the people ol this country with the ability to lean tbe government 92.000,(M,oo!) to continue the war until armed rebellion was conquered, and the power and authority of tbe government was asserted and re cognised throughout the whole country. It cannot be denied, however, tbat this was attend ed by many serious evils, which were subsequently de veloped, it operated unequally and unjustly ou dif ferent interests, But the life of the nation was at stake tten, and no one who claimed to be loyal stop ped to consider, or hesitated to make any saoridoe which theexigtnov of the country dem-.nded. Now tbe question is presented what shall be done to arrest those evils and bring the country back to its normal condition, in which industry will be satisfied with securing the legitimate rewards i f labor J he otjectot the government should be now, to give em- filoy men t to the industry ot the country by relieving t from taxation, and by euconraging in every way the development of 1 s resources, it should be understood that the nnnsual powers which tbe T reasury liepart ment bad exercised to sustain the war will not be con tinued beyend the exigency that rendered them neces sary. In a condition of peace'the revenne of tbe govern ment ought not to exoeed $300,000,01'", or at most flttO.OUO.Mi O which should beamplo provision for inte rest on tbe public debt, as well as all current expenses of the government. But the speedy rednction of the dent is a matter of small importance compared with that of relieving the productive Industry ot tbe coun try from tbe heavy taxation with which it Is now op pressed. 1 bave not been able to joiu In congratu lating tbe Secretary of tbe Treasury on the progress tbat bas been made in the reduction of tbe debt during the past year, as it seems to me our Industry could now ill atlord It. When tbe debt of the country has been funded, the enrrenoy restored to a sound condi tion, and our industry so far relieved from taxation tbat tt can compete with tbe labor of o.hor countries, we can then better commence a more rapid reduction of the public debt. The only way in which the currency of tbe country can be made equal in value to tbe money of other coun tries, is by gradually reducing tbe amount of paper money, until what remains in circulation Bhall become tbeeqnlva'entof coin. The constant and increasing supplies of the precious metals now produced iu this , countr, wouid rapidly furnish a sufliclent amount for all bnsir.ess aud other requirements, if used tor cur lency, instead of being exported, as it Is now, to p iy for importations of the products of foreign manufac ture, to compete with and discourage the industry of our own people. I concur wltb most of tbe arguments in the learned speech recently delivered by the geutleman trom Penn sylvania, (Mr. Kelley;) bnt bo made one statemout which did not seem to me consistent with tbe geuoml tenor ot his remarks on the subject of otirrency. He asserted, if I understood him correctly that tbe stand ard of tbe value of the currency should be the re sources of tbe country aud tbe integrity of the g .v emment, and not gold and silver. There Is no other standard now ot tbe value of a dollar in this country thau wbat the gold speculators in New York deter mine for it each day, and from hour to bour; but gold is tbe standard by wbiob the value of the dollar is computed by them. Whatever we Issue as currency, by whatever name we cail it and w hatever laws are passed In reference to It, the loreign exchange will determine its value by the standard of gold and silver, and it will pans as currency according to that standard of value, lam not In favor ot an immediate resumption of specie pay ments, n' r am 1 ready to name a time when I think specie payments should te resumed; bnt in my judg ment that moat desirable event should be constantly kept in view, and any leglalatlou calculated to retard itabtuld be strenuously resisted by every one wbo re gards tbe honor and the true interests of thecouutry. It should be understood by evei y one tbat it Is the settled policy of Congress to reduce the smount of paper money until its value is restored aud becoiaes equal to coin. 1 do not believe it neceaaary to with draw all the legal tender notes to accouip'isn th'tt ob ject, nor do I believe It necessary to coutract their amount to such an extent as to derange the business of the country. One of the great causes of money panics, wbloh so many seem now to apprehend, bas heretofore been tbe absence of any security for the btate bank notes. The notes of all tbe national banks are made abso lutely as tecure as the government ilaell; by law they are recelveu at par in all parts of the United States in payment for taxes aud all other dues to the govern ment, except for duties ou imports, and for all debts owing by the United States, except Interest on the pubilodeht. This imparls snch a degree of security and confidence to the national bank notes that they circulate as well after as belore the failure of the bank, There Is never any general demand lor coin amoug the holders of bank notes bo long as there is coutideuco iu the security of the notes. J Nor will there be any general demand for coin among those holding "deposits" in banks, so loug as the for eign exchanges are not against tbe couutry. But when acouiinuation of high prices bas encouraged exces sive Importations trom abroad, and has disnouraued the shipments ot our own products to foreign coun tries, there is an outward flow of specie created by the demai.d tor export to pay the foreign debt which 1ib accumulated. But tho merchants aud baukers owe that foreign debt, aud uot the couiniuultv who hold tbe circulating notes. Tbe merchants aud bai It ers at such a time willdemaud their deposits fr.xu the banks in specie. If auy uatioual bank tails under that demand, the security for its cuculatiui notes is pot altected. , , . Auun avorable condition of tbe forolen exchanges Is luimidiately indicated by an increased demand lor specie. Under a prudent system ot bank management that demand for specie could generally be met without seriously disturbing the business of thecountry. I bave been supposiui aud calling attention to a con dition ot specie payments with uo other lawtul money but coin, iu which banks could redeem their liabili ties, winch bas always beeu the case in this country heretofore when the banks paid specie. We have yet to learn what the eliect would be iu a condition of spe cie payments in which tbe banks are authorized to re deem tin Ir liabilities in legal tender notes, as well as coin, boib being lawful money. I am by no means certain tbat tbe same per ovntageheld by the Treasury in coin ot the legal-tender notes la circulation, wb.ch tbe bank law requires to be held In .lawful money by banks In the city of Kew York of their liabilities, namaiy, twenty-five per cent , might not bs sultlcient to secure specie psymentson the part of the govern ment as well as tbe banks. . . , But experience only can teavb us what amount of paper money tbe government can sustain, and what amount of liability the banks cau sately sustain, un der the condition of being redeemable on demand in specie. Ol one thing we can be certain, which Is, tbat tk larger tbe aoivuot otspvcie held in reserve to r i ireet the redemption of the paper money, anil the larger the ainoi nt of speeie Id the country, the larger will be the am, nut of paper money that can he sus tnlied In circulation. , The r. sumption of apecle payments cannot be brcorht ai out by a contraction of currenc- so sudden and extensive as to disturb the Industry of the coun try ; It must be by such action . n the prtoi ton banks and the government as will render coin as valuable here as It i In other countries. 11,1, o. tintry Is now the largest producer In the world of the prec ou, metals; bnt it may well beqnes tloned v hether tbe country derives any benefit from this nnrlvalled production so long as we tr. at It as n.erchai dlse, alio of no use except to bs shipped abroad and Its prooeeds retnrned tt us In foreign mannUo tur.a. Ibe in ury this Inflicts upon our own manu faitnres and onr own industry more than counter balances the gains of the miners .i'J !'.t?-b" nor,ll "t Congress will resist all attiBTirtstotemnye the limitations an I restrict! .ns In the bank lyw. which were Intended as bouuds, outside ol wbloh tbe banks could not lawfn ly move with Im- f.VVft.MSw ..'f V.' Pro"Pef"y of the country; and that the amount cf their clrcultatlon will ml be In creased, nor tbe amount of reserve of lawful money Ii has been orgen that en Increase of paper monoy Is reeled to encourage Industry and to lift the bust ft?', 1,1' fei'.Dir7H.nVof the lnnishlng condition '"I. w5 fn u, ,d "obits recently fallen. mn, .i v . lhl. Iin,. i.i "? ' """ - J... .I,. TV . ... um ine manufacturers or J,L?iA6 rie5" of l"b?r- Jt "o11 ""Ir promote ;im'?LrS;.!n.) by prices still higher, ln- n-iV." "'i"' "'"ah.cturing anrt tlie e,pea,0 0r In."r.rf ,i.W,;??.?n n tne olnr hand, a judl c ons reduction of theounency mightonne a gentle S!;h;r.t Tft nVot''.,n ! f b"k aSiinmolent to ri" 5,,.?MtiS.f,ir,.Jn',l"r,l' " tu manufacturer could again fflnrd to start their works, and their worknieo could sftord to live ' LLlin.cJJ?HlJiJ.,per,n.,;D'ye,tner In bank notos or .f gal tender notes, wonld not render money cheaper ,ri.To;df.rri.v;,,rc.hth''ndBi,tr' of tha - i.fii't.'KL'v0"',?.68 ,h? focnmnlstion of bank ba rt . itrrL0!11 b' Prohibiting banks fn.rn return ing ar part of their reserve any balanos bearing lu- Sc.CJ?i i'.,"Ter thero happens ti be auy unusual d tbem and tbelr ready command for speculation. It la ii.- u. did a s snail not pay Interest on ba-larc-s. bnt tbat such balances bearing Interest shall not be counted by any bank as part of its roserve of law ul money. It Is nupleassnt to many persons to listen to the sug gestion that. a bank can be weak or fraudulent, or im prudent. Ibey seem to comidor It Irreverent. Kor the benrflt of those who entertain the Impression that all banks are Immaculate, a d do not require any re straining inline', tes of law, I wonld refer to the frauds developed among banks during the past year, and to a recent letter by Hon. O. V. Oulver, whloh gives some insight into tbe actual management of banksiaj "In If 61 my office was opened at Franklin, and from a single private office cur combination extended until it embraced twenty banks aod banking-houses. I bought and deposited the securities, and exobanged thtni for others, at my own discretion, subject only to the appioval of the Au iitor General. Yon the presi dent end directors) never troubled yourselves for a mo ment to know what I was doing or why. It was left entirely to me to determine wben tho circulation should be Inert a' ed or diminished, and the securities depos ited therefor withdrawn. " Mr. Hooper It would seem as If there should be some legislation to regulate and secure the publio against mismanagement of banks, when twenty of tbem can be managed by one individual, the president and directors never troubling themselves tor a mo ment to know what was done in the bank, nor wby anything was done The banks need some regulation and lestraint for their own good as w ll as fqr the se curity ot the public. Nothing can be more whole some in its effects npon tbem than the requirement to redeem tbeir circulation and to discourage the accu mulation of their funds in tbe large o. ties to be used for speculative purposes. Tbe managers of banks do not generally recognize the difference between tbe national bank circulation and tbat of tbe old Mate banks. Tbe notes of the most obFcure national bai.k on (he most distant frontier bas npon it a stamp uf nationality which over rides any security given to it by the bank purporting to issue it, and it circulates from one end of tbe country to tbe other as readily as a government legal t nder note. T he bank that issued it is bound to re deem It ou demand in lawful money; hut wbo wishes to bave It redeemed? other banks do not; they are too glad to use it for curreucy, aud tbe lawful money in which it would be redeemed would generally have no greater value than the bank note. It $9,0UO,0OU was added to-morrow to tbe circulation of the national banks In Maine, tbe whole of it would be incorporated at ouoe iuto tbe great mats of the cur rency of the country, and tbe Btate of Blaine would get only her proportion of t be whole mass, as she does now. 1 admit that it would be a source of prolit to those banks in Maine that reoelvcd it, but it would decrease tbe pecuniary resouices of tbat Bute and di minish the smount that those banks could loau to tbe people theie, as they would have to invest more than ten millions of tbeir money in government bonds, which sell at a premium, to obtaiu the nine millions of circulating notes which they wonld add to the gen eral muss ot the circulation of the country. A majority of tbe Committee on Banking and Cur rency were opposed to any increase of the circulating notes of the national banks beyond three buodrei millions. Bnt recognizing tbe justice of the claims in various States where few or no national banks are rrgantzed. and of Btate banks tbat Beck to be organ ized as national banks, tbe committee conld suggest no fairer or better way of providing for them than to redr ce the umonnt of circulation allotted under tbe law to tbe existing national banks It was proposed, therefore, to obtain tbe additional amount required by rtdncing tbe present allotment ten per cent, of all the banks, which furnishes a margin cf thirty millions for Dew Institutions to be organized under tbe law. This leaves In the law what has always seemed to mo to be its most objectionable feature in principle and the most dangerous provision in practice, tbat is, the authority to a national bank baving uot more tbau SfiOO.Uiu capital to invest its whole capital in United btutes bonus as security for ciiculating notes, reserving uo portion of capital for its business of banking. More then tbst, the law n quires tbe bank tn bold iu lawful money fifteen per cent ot the amount of tbe notes as a reserve to secure their redemption on demand; but baying invested all its capital in bonds to secure the notes, tbe reserve required can only be obtained, di rectly or indirectly, by borrowing. This seems so me orjectiouab e iu principle. It simply provides a mode of obta.niug from tbe goveri moot without Interest 89U.UJ0-in notes that will circulate as money, aud which, to all Intents, are as good as the same amount iV "'"hder notes, on tbe deposit of Siuu.'.uu iu United States bonds as aecnrlty. It seems to me that tbe allotment of circulation by the existing law, and as proposed by this bill, is wrong in principle. T he A cting Comptroller ol the Currency proposes an ametdmeut, wbicn I shall oiler at the pro per time, Ly which the margin of circulating notes for the organization of new banks will be increused to nearly lorty millions of dollars, aud snilicieut, iu the opinion of the Ccrupt roller, to meet all the require nieuts for new banks for teverat years to come. For the information of the House I beg to call atteutii n tu the lollowing letter of the Comptroller: iRKABCk-V DuPARTMKNT, I FINCH (IF COMPTROLLER, Df,.1",8 I'PRkncy, Washington, January 7. 1867. ii... ?i .ord?.r to BV0id 1 '"eliminating specifically in S i. 8 tbe mcunt of circulation a bank may have ?,P"n'"cPitBl,I would suggests scale like tbe fol !..".'8. iendmeut to the House bill, ' and the Si, iv. i"u-cU circulating notes to be furnished to iaid ?,c laV," fb 1 not h0 ""ore in propoUlon to its PJd-uP capital than as follows : yn the first S&oo.iliKy bf nald-nn canital. anventv. live per cent, of such capital; on the miennd ansiui.nuu foUowV!chedule WonId 8ive circulation upon capital I 1st, 1 ti i. , , 7 " 1 One Lank ot ton V.in"1-' ll u,tuu (mo l,W,tio to the amon Vf Ti'i?.".. .?"'" deposit bonds hiuy teiasued to th .r.': r.'Vupi'.u..r,'lcl circulation treasurer and cauceliuia u"," redeemed b the 21.tat.6.. l2av tl.a.0nn,Ue nr,t of n,0,'" B4U, none of v. hicli are no ,n0' outl,f"0"ig 81.oU.- .;uiiiii:ni or t'ctober Im ,i " "u" as mouy SM,16 etktof tbeBe coma m,.,it.be "Clonal banks held i",r"e.r-.. ' "r v. b Ju,. constitute uo partot the mir,..."'U)e,lt they therefore held and leturued by the national i far ' tbey are their reserve they take the n ?. ,1,uauk " Part of money, and tbeir use aud tneot on ?L ":uuu lawful the sniiie ss an euual amouut of ti?. ei ' Preoisoly tender notos. bulled hiatus legal' nimi tv auiuorixing ths lain- . . legal tenner notea detlaied them ti, hiT,Dni.te1 States 1 be act which authorised the ro!.;.. 06 lf.il nuuev L in 11.11 1IIBHH lllt.fl, I.U'.nl ... . . - " tmake them "lawful mono, i a.1'1,,trt notes these Treasury notes bad never bee,; h V' fct that money of the (inited Ktates,Mu COnn "a '''"" provision against their being a le.a? ,i 5U iu the ments tor the redemption or bank note. "r ,,Q to be sultlcient to exolude them trom heiio f , el'd banks ss part of tbelr reserves of lawful i,,., d by managers of bauks who return thorn as dL.?" reserve evade the letter as well as the spirit ot.. tll"'r tipnal Bank act, which re.(uires the reserve N, "lawtul money of the United Btates 0 be ' No one can donbt that if It is desirable to with,i,. nd caucel auy notes tbat have been issued by the b,7 ruineutaud used as money, these oompouud-lutereit , . 1 , BiiouKi ne oral wuuarawo. It it would make too great a contraction tn a simria J!r.f.0,"'t,ndrwtl"'"eno,M'n daftlon to tha . (Hjo,0(0 1egsl.tender botes which are to be withdrawn iu each mouth, that law misht bs repealed, or its oVa. ration bs aipiidd, t lst for the arsssut tear. in, uiiiii in i BnrceivA nnur . w v,.i.V. I . 7. ",,(Ta 10 Py interest on such ! ,.C n l "2 '5 th ' cities, and particularly In the city ot hew York, are generally sustained by snob ,, iiviicv iun Dsnnii anil fi in- in i.inh . t " Tw 'l?a ,ol4n" cauuot be prohibited, l!V.rb.onMa,be rtouraged. These balances are accomnlatei in New York from banks In all parts of lueaooniry. ior ine hhsa nr thA ini..i u i i,k n.tin ... .. tlimlii.H a,,.' 7 l oi anon capuai; ou such ck. i.f 0'0,illof .P8iu-ni capital, fifty per cent, of iSJtv n,Jr ,n;ou ile ,ourtn 9M,WU of paid-up capital, laid n. r..;ff.?I1ch "P1""! the nf,h 6W.uW the sixth hum ;utblty,Per "nt- of "ucb capital; on cent " of an?w' T f Pft'5 n' cP"al, twenty-five per ot raid 5HC"!' i on he fourth and fifth millions onafl tiSid n-,U1,,tuP Percent, of such capital, and shaU b "i'.nLiC'p,Ullovfr uve ml'llous circulation law reunire.mnlpoufu.e bon(, deposited, which the btMes Sot "W 1 reorer of1 the United oia.es, not exceeding one-third of tho paid-up capi- 8(lKl.nnn at 7S ....t 2d . ii n ii i. L . r , s.vo,'iu" id. litiuStJ,rc,'nt MU 8 1,000.000 ffti7S.0OO 6th) ffiONJ, .!.,p"cel,J-t W'.tioq 2,6oo,eo,) 1 a7S.ii tU. 1.W0 Ik l f u,PCrCBUt- Lo.1'10 3,IHI',ili0 1 4111,01111 6 I, i h, "J Percent , Imhkio 4.ik-i.(iii() 1.6'HUhhi m r. HooDer 'ri7i- i.r, w itated. to nrobTb.t tim , Lpr2p0"t'"- 89 1 he u"for8 sury note.V. Sari V, tl. v 0t COD"""'l interest trea uuifed iu the national hJhSat,,f. ol US" mo"'' r" suedbytlieTrSasuri li.- Tua to al .mount Is and of ti,. i?"ur,..Dttartmenthasben. A :at mviiii. "Mury notea as partof oie,,e, exo.usiva of . . ",01 lawiui money compound treaauiy notes ,t6olet but iuoludiug the It is a mistake to s- noose ,. accrued on the comSuna-li.tel"faui,e " Interest tsusis ibem to be ha d iJL'lTt Ireaaury not.. When the crmpoond Intersil Trury notes ea t hk"T-i lm "l1""" Tln "ieta he nsti ual banks now Impart by holding and retnrnlng them -s awful money, the bans, will more readily part with them, ami those notes wonld then be redeemed gra dually. I may be eiamii,,,. tr. ,.i r. any sales of gold from u,. t. ' 'J"'L" "'L , par, in ocmpound-noie.; "the fttTrsSt To- Of 1.;.,u '"easnry notes. notes Attheregol r session of t ,- r'V.T- i"""!" in Hecember r ext. as may h. pe that "tha . r.?nYt , ihi .ecretary of the treasury will exh b t . nrfmin i"n which there will be n . m"" tiement to emha rass the Treasury n" 'or 1 believe much could be done during this yesr to pre pare the way for resuming specie !mni. iiih Benefit Instead of Injury to the Tirus Interest if llnor atd bualness, if Ihe banks would eo 0De7.t -Phi banks can check the export of specie so that th. r clous metals might accumulate here to hasten ri ,l tlon. To reduce the loans ot banks, wblch"noonrai'; large importations and promote speculation, woliul bave more . fleet in aiding resumption thin tujoon traction of the circulation. miiiooo- 1 belli ve that all tbe amendments of the Bank art proposed In this bill would tend to promote mora Tarn ever the resumption of specie Payments occurs, it will be brought about In one of two ways: eunor !, ,h banks co-operating with the Tressnry l)j artment in wise and jndlcloiii measures to bring u shunt orL. dually and without disturbing Industry; or failing In tbls.it will be abruptly forced nn the oonntry by a pu-l.o clamor which, regardless of couseqoenoes will no longer submit to conditions that Impoverish the coutitiy for the benefit of importers, blnker., aid III whole various and motley tribe of speculators Alfer Mr. Hooper's spe-ch the cummlttee took np tbe Indian Appropriation bill, which ap propriates to carry out the stipulations of Indian treaties, &c, a little over two and a half millions of dollars. The bill contains a provision that no moneys or annuities shall be paid to any tribe In hostility against the government or cltiajus of the United States. On motion of Mr. BRADFORD, of Colorado, a proviso was added to the paragraph making an appropriation for the expenses of the Indian superintendency In Colorado, that no part of it should be distributed by Alexnnder Oummlngs. the present Superintendent of Indian Afiairs for Colorado territory. s lu On motion of Mr. HOOPER, of Utah, the ap propriation for incidental expences of the Indian lervice in that territory was Increased from 815 000 to i5,(.00. ' Mr. KASSON, of Iowa, stated that there was no siipertntendency in which the Indians were so well managed as in Utah. The Committee rose and reported the bill 1 he SPEAKER presented Executive documents as follows: From the Secretary of the Interior, in answer to a House resolution of January 17th, relative to the accounts of the State ot Texas with the United States. Laid on the table. From the Secretary of the Treasury, in answer to a House resolution of January asth, relative to the amount of taxes annually paid by national banking associations to the United States and to the several States. Referred to the Committee on Banking and Currency. From tbe Secretary of the Interior, In answer to the House resolution of January 29th, concerning the massacre of United Suites troops by Indians near Fort Phil. Kearny. Relerred to the Com mittee on Indian Allaire. Mr. FINCK, from the Post-office Committee, reported that there was no legislation necessary to allow members of the present Congress to exercise the franking privilege until the first Monday of December next, that being provided for under ex isting laws. Mr. WARD, of New York, presented a petition of lllty-one leading citizens of Elmlra in favor of the restoration ol Commander Abron K. Hughes to the active list in tbe navy. Referred to tne Committee on Naval Affairs. Mr. VAN AERNAM, of New York, presented a petition of Leroy Waller, Anson Oibbs, Erastus Iilckinson, and Jabez Blackman, sailors of the war of 1S12, praying Congress to grant adequate pensions to the surviving soldiers of that war, and to the widows of those wbo bave died. The House, at half past four, adjourned. . ENGINES, MACHINERY, ETC. PENN STEAM ENGINE Axn BOlLEK W OKK8. MKA FIF Jr. T WW TlrCxKjAL AJ1 THi-OKETlCAL ENUIXEEfw' MAtHIN 1ST8, BOJLEK-MAKEK8. BLACKSMITHS' and t OUADEBS, bav'ng lor many years been In iuy cesstul operation, and been exclusively engaged in bulldl g and repairing W arine and Klver Engines, high and low pressure, Iron Boders, Water Tanks. ProueV lers, etc etc., respectfully oner their services to ths public as being tuny prepaied to coutract for engines of all sizes, Junriue, Klver, and Btatlonary; having sets o! patterns of ulUcreut sizes, are prepared to execute orders with quick despatch. Every description of pattern" niaklng made at the shortest notice. High and Low pressure t ine, 1 ubular, and Cylinder Boilers, of the best Veimavlvaula charcoal iron, i orgings of all sizes and kinds; Iron and Brass Castings ot all descriptions: Hob turning, Screw Cutting, and all other work counectad with the above business. vuuvmjU Liiawings and specifications for all work done at the establlshtne it tree of charge, aud work guaran. teed. " , ibe subscribers have ample wharf-dock room tor repairs ot boats, where they can lie m peifeot satotv aud aie provided with shears, blocks, lalls. etc. ebf ' for raising heavy or light weights. ' JACOB C VEAFIE. ,. JOHN P. LEVi". BEACH aud FALMEB Htreets. J.VAtCHiK MEBK1CB, WILLIAM H. MRHH,,'. JOBS X. COFE. OUTHWARK FOUNDRY. FIFTH a ism B WASHLNOXOil Streets, ' . J HILAhBLPHIA. MEKK1CK & SONS, . , ENOINEEKS Ai,l) MACHINISTS, """iuwHiBh andLow Pressure bteaui ingiues foi Land, hlver, auu Marine rervlce. ' boilers, Gasometers, Tanks, Iron Boats, eto. Castings oi all kinus, either Iron or brass. oi!,"ru h t1a.e Uuot 'cr Oas W orks, Workshops, ana Railroad btations. etc. . Ketone and Oas .Machinery, of the latest and most Im proved coiistiuotlon. Every description of Plantation Machinery, and Sugar raw, and Grist AI lib-. Vacuum Pans. Opeutsteaui Traius Jjelccuiors, Enters, Pumping Engines, etc. t-uic Agents ior jn. iwneux s rateut nugar ridiling Apparatus.Nesno'tb's Patent Steam Hammer, and as pmv, all & Woolsei 's l atent Centrliugal Sugar braining Alachlne. bU BUIDE8BTJRG MACHINE W0BKS OFFICE, No. 65 K. EKOKT BTRKKT, -., l-HH.AJJKl.rHIA. we are prepared to all orders to any extent for our well-known 11 ACH1NEKT FOB COTTON AND WOOLLEN MILLS Including ail recent unprovenieuls in Carding, Suiuuiug and eaving. We invite.tbe attention. ol manufacturers ourexton slve viorks. J h . ALFHED JENK8 fc SON CONTRACTORS AND MINERS. THE C01111lllHlilifrK on Ihfi 'I nu' nml ( 1 pin hlii h.til roud and lloosac 'tunnel, uctlng for the bliite of Mas Kutliusetm, invite Proiiohiils, until the loth auy of Wiiicli next, for Kxpuvating suid Tunnel at three dilleient sections of that work. This Tunnel, when completed, will be about 4i miles In length, extending Iroin the town ot Florida, tliroiiLU. tbe lloo&ui; Muuntuui. tn tlie ti.wii of .Noun Aiiuiiiu. i be JMstiTii End bns been penetrated from the grudeol Ibe Kullruud :n'l leot, i4i) feet ot which con Mst ol nn opening of about, 10 culdo yurdH to eiu li lineal loot, the Baiiie to bu eulurged to a section cou tanilng about 17 cubic yanls to each foot i the remain ing Uou leet belni! Ijeading now iiieasuring upon au average 4 cubic yards per running loot to be enlarged to the lull (section; mukiiig some au.ooo cubic yards to be removed. A further heotlon of the work will also be let to the BiiocenHttil bidder tor the ubove-iiKmed enlargement, It Mitlsfuclury terms shall be offered. Ihe ll(.,vi)i i;u1 Is worked from a shaft 318 feet deep. The easterly heaiiing trom this shaft or abouc six cubic yurds to each liueul toot extends lino leet, und Is to be enlarged to a section containing 17 yards l"'r loot, requiring the removal of 12,ood cubic yards. Bids lor tbatamoiint, nnd for an extension In either direction of the heading and enlargement at this point, will be received. J be (Wii ai And of an elliptical form. 27 to IS feet, now 4io leet in depth, is to he sunk to grade, 10.10 fuel tuna the surface, requiring the removal of about WoO cubic yards. All ibe work to be done Is In Talcose Blate, and will require neither musoiiry nor supports of any kind. i Building, machinery, and means of ventilation, all ot the most siilistnutlal character, have beeu provided, and will bp lui nisbed to contractors. Ample sureties will be required from parties who may be contracted with, anil the Coii.uilssionors re serve the right to reject all offers that may be made. Plans and speclllcations may be seen on applica tion to Al.VAir CHOCK KK. at the Kngltieer's inline, Iorlh Adams. Massachusetts: and oilier Information inay tie obtalued from JAMKH M. SHUPE, Boom No. Hi, o. is Kxchaime street, Boston, to whom nro- IW.Udlu ..... .... 1 ..... t .u u.ujr UXJ UUWICU, JAMES M. BntTTE. ALVaH t HOC K Kit, CHAKLEH HUDSON, CommisHloiiers, 2 4 6W Boston, January 80, 18(17. TTNITED STATES KEVEVUB BTAMP3. Central i.n"pia fepot, No. H CH EeJ H VT Street t-enuslljtput. Ho. 1HSS. El Fill Street oue door below I,.. D t'beannt. EstaDllahed lasi. band in . B,nPs ot every description eonstantly on Yi. Py smount 1 vrccrt by nU ox Express promptly attended to. aMawntlaal tn ?, . ;Lrti'hiaVt V? t .t" ''d,n the next two years, are fie.ntv six V.r eA't"'., "ie,.r m"lty Into the live when the nLa$ 1 may be iald. therefore, movldSd tot ? tlf-in'1JI,t"r"i Treasury notes are tho Treasury h,,l T ibf 00 '"nded liabilities of 'b?.li"7 b?T.0?? br -.n easily d out of tho IN'UIIIUS " oruiuKir lovruiiB, exenm tha i nit make It for their true iuterest to aid at the proper i m. In restoring a sound condition of onrrencv ii,i.i V.r obstructing it. as their action during the past Jear Tn largely increasing their loans, baa lnrii...,..i SHIPPING. f. o i li - vi x oiioi rinmoiii t 2JUt,L"C IHKECT. SAii-iwi rnoM each roar kveht eivb i).yh. FliOM IT N E R It K. FT Wll A RF, 1'IIIia I l'F,L- , M1IA, ASI) lONtl WHAKF. lWHI'uV. The line between fbllsdelphta atnd Boston Is now competed of tbe HUM N (new) Captain Baker, 14 tone. 8A1 ON, I uptaln tlatthows. , 12.') tons. MiRMAN l ao uln Croveil. lKlona. Three substantial and well-apoolnted steamsblos wl I sail pnnctnt lly as sdvertlsod. and lrelght will be re ccvid every day, a steamer oeing always on the berth to receive cargo. ... bhippei are requested to send bills of lading with thcli goods. For treltdit or passage, bsvlng snpefot accommoda tions, anp J to liiSHY W1N()HU) f ' So. 3:. h. HK.LaWAKE Avenue. r'Ff; NOIITH AMERICAN 8TKAMSII1V -iBVCOT?,NYL15E TO CAI.TFORV1A. VIA .ICAkOUA. EVERY TWENTY DATS. From 1 ler o. ) Aortb River, foot of Warren street, at noon, with passengers smf freight, at very LOW KA1E8. Connecting on the Faclllu Ocean with the flue steamships ... . , . MOSEH TAYLOR. Captain Blothen, and AMKRIOA, Captain Wakeman For further information, apply to the orth Ameri ca Bt.am.Ulp tPaYiu , WEB. Pre.,dPnt, o. 64 Exchnngo I'lece. N. Y. P. N CAKKIMlTON, Agent, t No. 177 West street comer Warren N V. THOVlAH R. hKAKI.R. lie, n Walnut stroet- EMl'IKE LINE TOK SAVANNAH. SsWLL-- Rverr MaTURD Y.from i Isr 0. 13 North biver, puuetuully at 3 o'clock Y. M. 1 he favorite side-whcct Steamships HAN JAOIN'IO .Loveland commander, HAN. BALVAUOU. Atkins Oominender. .Throuph tickets and bills ot lading to an points In connection with Cential Raiitoad ot Georglu, Atlantic nd Ouli Railroad, and Florida nteamers. Elegant passenger accommodations. UAHK1SON al.LEN. t No. 8 BOWLING OKBKN, N. V. II. LEAF, Agent, Adams' Express, No. Sao (Juosnut street. ,rffYWr STAR LINE FOR NEW ORLEANS, awal'ii '"'i'' hl New lork Hull 8teamship Company's hue on no Steamers will leave Pier .No. 4b North ulver at 3 o'clock I' M., as follows the MONO REI. on WFDNF.SDAY, UVANA,on SATURDAY. MlMSOl'RI.on BAT UR OA i, MERRIMACK on BATi RDdY. All bills ot lading signed st the oilice npon the pier. For freight or passage apply to C. K. GARRISON. President, t Ko.tBOWLlliU URhK.V.M.Y, II. I.EaF, Agent, Adams' Express, No. 320 cbesuut street. PACIFIC MAIL STEAMSHIP COM FANY'B liihOtGU LINE TO CALIFORNIA, 0 CAKUYi.NU t'Ml'KD 81A1ES MAIL, via Panama railroad. Steamers leave VlerNo.42 North River, foot of Canal Street, at li o'clock, roon, as follows i December 81 new YOKK, Capt. w. G. Karber, con necting with CON ST ITU'ili'N, Capt. Caverly. Jsnuary 11 HENRY CHAUNCEY, Capt. A. G. Gray, connecting wltb GOLDEN AGE. Capt. Lapidgo. January ill KihlNG fVlAK, Cspt- T- A. Harris, con nectlng with GOLDEN CITY, Cspt. I T. Watklns. All departures touch at Acapaico ! those of 1st and 21st connect at Panama wltb steamers for Boutu i'aciilc ports; 1st and 11th ior Central American porta, and those of 1st touch at Manzanlilo. Depatture ot 11th each month connects with the new Steam line trom rename to Australia and New Zealand. bteamer of March 11. 1H67, will connect with tae Com psnv's steamer Colorado, to leave Ban Francisco lor X ohobama and Bong-Kong on April 3, IBM. One bundled pounds ot baggage allowed each adult. Medicines aud attendance iree. For pasfage. tickets and all further lnlormation, applv at the ctt-.ce on the wbart, loot of Canal street, North Blver, New York. II. LEAF, Agent, A dams' Express, ' No. 32tl Chesnutstreot .. T Jf. K. BAB1 , Agent. 'f fflti. EMP1KB 8TEAM8HI? LINE, FOR aSaULUi PROVIDENCE AND BOSTON. sauiug trom each port every Batuiday, from second wharl above vinesireet, pbuuoelphia, and Providence and Boston Railioad W hart, Providence, K. 1. , The line is composed oi the first-class steamships HUNTER, M. L. Rogers commander. CHASE, J. A. crosaman commander. These superior and wed enuippec steamships sail regularly as advertised. Freight will be received dally, a etesmshlp being always on ihe berth to receive cargj. Freight tor Boston. Mass.. and ail intermediate Soints on the Boston and Providence or Worcester allroads, will be received, and tLe goods delivered in leas time end at lower rates than bv any other route. Bills of lading furnished at tbe office. N o bli is oi lading slvncd alter the ship has sailed. For further iniormatlon, apply to , LA1BBURY, WICKEhSilAM ft CO.. Agents, t No. 12(1 North Wharves. Henry Cleaveland. Esq., Agent at Providence. K. J. VlTfllWAT. UTVATU w a trrn a lirnw Lil COMPANY (Limited). Meumvrs weekly to Liverpool, calling at Oncenstown Tbe splendid first class Iron Bteamshlps LOUISIANA, Captain BarTiugton. PENNSYLVANIA, Captain Lewis. ERIN. Captain Cutting THE QUEEN. Cap lain Grogan. DENMARK, Captalu Thomson. An experienced Burgeon on escb ship fieeul charge, l'rntts issued for any amount, payable at any bank la Great Brltain-or on the continent. JiAIKS Or FAS8AGK, PAYABLE IN CURkKNCV. Cabin. steerage To Llrernool or Oneenatown Ultiu tiO. Ibrough passage to Paris. Antwerp. Hamburg, Bre men, London, etc at low rates aj Bteerase passage tickets to brtpg persons from Liver pool or ouei nsiown ior 35 in currency can be obtained at No il BROADWAY. For freight or cabin passage, apply at tbe Office of the Company. No 67 bROADWAY. For steersge tickets, at the Passage Oilice ot tbe Company, No. 'il BliuAD WAY, or . THOMAS R, BEARfE, No. 217 Walnut street. t F. W. J. HUliST. Manager. - V- i it r -- fir w r -v-a rK n n 61UH-1AN1C. i nMke to London. t'M. CtiO. (,10. curroncv. Psstage trom Loudon, .76, ttM. and ;)0, gold. A'lALAN 1'A, captain Plukhuiu. BELLONA, Caiitaiu Dixon. I F.I. La, Captain Gieadell. . WILLIAM PENN, Captain Billings. Tbe accommodations for passengers on these ships are unsurpassed. Freight will betaken and through bills oi luoing given to iiavre, Antwerp, Rotterdam, Amster dam, and Dunkirk. For passage, applv to CHARLES A. WHITING, No. 26 BROADWAY. For freight, apply at No. IM BOUTtl Street. . HOWLAND ASPltfWALL, Agents. H. LEAF, Agent, Adams' Exnres, No. 320 Chesnut street. fvf'r PASSAGE TO AND FROM fl l..1!. GREAT BRITAIN AND 1IKKIAND1 BY 6TEAMSAIP AND BAILING pACKliT, AT REDUCED R A 1KB. DRAFTS AVAILABLE THROUGHOUT ESGLASD, IRELAND, BCOTLAND, AND WALLS. For particulars applv to IaPSCOTT BROTHERS & CO., t No. 36 SOUTH Street, aud No. 23 BROADWAY '. Or to THOS. R. BE A RLE, 217 WALNUT St. -sffT'f5?, I()R 8T- THOMAS AND BRAZIL. SiaULUiUNlTED STATES AND BRAZIL MAIL bifAAblilP COMPANY Regular Mali btoamers, sailing on the 22d oi every month : NOltill AMEUIOA, Captain L F. Tlmmerman. SOUTH AMERICA. Captain E. L. Tlnkeipaiuth. GUIDING BiAR, Captain George B. slocum. Ttie-e elegant steamers sail on schedule time. andW call at Bt lbomas. t'ara rerusmouco. Baiiia, ana mo de Janeiro, going aud returuiug. For engagement uf ireight or passage, ajipiv io (AklilSON ft ALLEN Agents. llUU No 6 Bowling Green. New York, H, LEAF, Agent, Adams' Express, No. 320 chesnut atreet. saCI STKAM TO GLASGOW AND LIVER- kiF001i. calllns at Londonderry to land Mails auu i unaeugers -Tbe favorite passenger steamers of THE ANCHOR LIKE 8AIL EVERY SATURDAY FRoM PIER 41 NORTH RIVER. Hates of passage, payable In rurrencv To Liverpool, Glasgow and Deiry, Cabins. 9o and .70; steerage Sj(. rrepaia certificates trom these ports to New York, 35i tiavre, Antwerp, etc.. liO and 37- For furt-or iiif'onnation, apply at the Company's offices. FRANCIS MAC DON AID ft CO.. Agents, t N o. 6 Bowling Green, New Y'ork. .tfT!,, FOR HOSTON-VIA MEWTORT LiVJ-AlSl) FALL UIVF.R Aiie Losion and Newnort Una h, the snlendld and superior steumeis NEWPORT. MEIROPOLIS, OH) I OLONY, and EMPIRE STATE, of great stieugth and speed, constructed expressiv for the navigation ot Long Inland Bound, running In' connection with the Old Colony and Newport Kal'road. Leave Pier No. 2B, North River, foot of Murray Btieet. 'ihe steamer NEWPORT, Captain Brown, leaves Monday. Wednesi ay, and Friday, at 4 P. M., landing at Newport. The ateamer OLD COLONY. Captain Simmons, leaves Tuesday, Thursday, and Saturday, at t P. M., landing at Newpoit. 1 hese steamers are titled up with commodious state rooms, water tight compartments, and every arrange ment for tbe security and ooinrort ot passengers who are atlord ed by this rou e a night's rest on board and on arrival ai Nnwuort proceed nr raliroud mumIii. reachlmr Bos toil early on the following morning. A bsggage msstcr Is attached to each steamer, who receives snd tickets the baggage, and accompanies the i same to lis destination A stesn er mua In connection with this line between Newport and Provldenue dallv. Sundays excepted Freight io Boston Is taken st the same ratos as bv nv other regular Hue, aud forwarded wltb the greatest ex pedition by an exniess iialu. whloh leaves Newport every merolpg (Sundays excepted), at 1 o'clock, tor Boaion aud New Bediord, arriving at it destuuttlua about 11 A. M " i I j.-o ireight Psage aoply on board, or at ths Office, on Pier No J Norm River. For stale rooms and berths I aopl.V n board, or, it It Is dealrab'e to secure them Iu I advance, apply U e. li iti.eheld, A-ut, I . t Do, Ti JiJtOADWAY, Net Yurk. i SHIPPING. UT h. 1 M Trf . 1 1 T i. ....... .... . - . ( i. . nr. .".,. W KA IK.-. OF PABMAtiB By the mall steamer sailing everv BatnnUv Ar. t. Phlm t,oln Pavabls Iu Currencv Flret Csbln. .1,0 Btrerage ... ati loLondon.... us loLomlon a loPsria lift To Fans.... t Jassage by the Wednesda steamers l-Kirit' eahln fO. steerage. .I0. Payable in United -ifstesoinenov l aasinge eaUo lorwarucd to oavre, UauibiTrBT men, etc.. at moderate latea. ' uu""ffc Bre lurtber f m OITHL Mi Haul si PRICES OF PABBAGE, PA t AllLE IN C.Ot.n First-class. V 1 ,h "I""" a ioe f.ower Balooo Becond-clasa t a i . AA ii vipirienccu purgcou onboard. Hie ompanv will not be r. sponsible for snerle c, va.usMes unless hills m u,nn.. C. .T.. "necmotl Pictsed, are signed thereior. am"" m' v,lu .?. J r.COMBTOCK. Agent' JAMKS a WfiTTnv u"0-'.Bronwy-New v0ik. fitr. 0iN,'Y iniECT line to pravpi? sTV-'1 sTUE GENERAL 'I RaNBATLsNTi inw' 1aaNXMA1L BTEAMBIIIPb " BfTWaviV PJk YLltK ANP HAVRE, CALLING AT BRBST EW Tbe snlendld new vessels ot this favorite rn'm r. i -Continent .a River. U" ELieA,,a1,it8U,m0nt PBI LAURENT, bccamll. ,, . ? 'HICEa OF HAHSAGE, IN GOLD. "'. "i i Second tab.n . l"()- norudlng wino M!?e1,."er? do not cr" peerage passeigeril Medical attendance free of charge. "TO,,kBrfc on tmr!ll'wuh ntnulI,P 'a"" at Brest can be furnished ?Z i.h Illro,r coupon-tickets, anu their baggage .na1o(rdc.r.Mdltl0Dal 'O t GEmtOK MACKENZIE, Agfntgo.M Broadway .f ,!1 FOR NEW TOKK.-PHILADEB For freight, which win be taken upon accommodatfn. terms, apply to WILLIAM M. H A I K14C(2, , JJ1 Mo. Ul W. DELAWAKJt Avenue. jf Tt) SHIP CAPTAINS A1MD OWNERS. iLlxLl Ibe nndendunnd h..in .v bGtOiN SCREW DOCK, begs to lnforoT hUtilenda and the naUons of the DocVhat he iarisred with vessels entrusted to hlin tor repairs "lMU",u Mi Captains or Agents. Bhlp-Canienters, and Machinist fcavlng vessels to repsir, a.e solicited to cail. Havlug the agency for tbe sale ot "Wetterstedt's Patent Mcta.ic Composition" ior Copper paint, lerfha preservation of vessels' bottoms, for this cl.y.Tam Vre pared to lurnlsh the sains on favorable terms 9 JOHN H HAMMITT. ' IIS r,vT a w i on. "'"aiiision ncrew nock, DELAWARE Avenue above Laurel street i',MS.Captal.,Alexauder....JvervHaS At 12 M , from Pier ItVST North RIvivThrouVa bills of lading, etc., to all points on tbe heahoVrd K.fi. i . ,n ? ' V ,taln Bonnie Every Weduesdar. roao anu it connection sUelt10' PX C0 AenU, No- MLIW COAL. COAL! COAL! COAL! J. A. WILSON'S (Successor to W. L. Foulk.) LEHIGH AMD BCHUVIaKIIaI. FAMILY COAL YAIlD. No. 1517 CALL0WHILL St., PhUa. Attention is called to my HONEY BROOK LEHIQH snd RE-BROKEN SCHUYLKILL, both superior aud unfiut passed Coal. i Coal and Preparations best In the city 925 8m RB W. PATRICK & CO., KO. 304 N. BROAD ST., DEALERS IN LEHIGH AND SCHUYLKILL COAL HA2LET0N, MAHANOT, EAGLE VEIN, A5D KE-EE0KEN STOVE, Always en hand, under cover, and tree from 1)1 KT an1 BLATE. sjSsuiwhtn ROOFING. tA.U MltHVliU HOOFS, FIAT OB STEEP, (JOVERGU WITH GOTTA PK"CH A. BOO IM.-CI.OTH, and coated wl LlHUlDtiUTTA PERtHA PAIaT. makioc them perfectly waver-proof. LEAKY (illAVKL ROOFS repaired wits Outta Percha Paint, and warranted for Ave vears. LEAKY SLATE HOOKS coaled with LlqaU Gutta Percha Palut, which becomes as hard as sla'e. For TIN, COPPKU, ZINC, and IKOS It OOFS this Paint Is the nr ptut ultra of ail other pro tection It tonus a perfectly Impervious covering, coin- ?letely resists tbe action of tbe weather, and coniii otes a thorough protection against leaks bv rust of otherwise. Price ouly trom one to two cents pe la l0TIN and GRAVCIa ROOFING done at tut shortest notice. . , , . lW Material constantly on hand and for sale by to MAMWOTII HOOFING t OMPAIWY. - . RJLCKIaKSS &- K V KB P.TT, 1 21 6m ' No. HO GKEEN Btrset ' ju'...r' Iltm. ii,.,, Uf1'1.!-, V -' 1 .4 "V a ' ahfc,aia. U H 1st SHINGLE BOOFS(FLAT OK STEEP) COVERED WITH JOHN'S ENGLISH B00F1NO CLOTH, . Ano coated with LIQUID UUTTA P KG H A PAINT, makhik tbem peiiw.tly water proof, LEAKY OKAVEu MOCFB-epalred with Gntta Percha Paint andwarrante lortlvi yeara. LEAKY BLA1E KOOF8 coated with 1 otil which bocomes as bard as slate. TLV.COPPEB ZINO, or IKON cosred wlthLiunld (lutta Percha at small ex. pense. Cost ranging from oue to two cents per square foot. Old Boaru or Bblngle Moots ten cents per suusrs foot, all complete. Materials constantly on hand an lliof sale by the PHILADELPHIA AND PENsybVAlA KOOFINti COMPANY. GEOKOB HO BART. 112 9m Ko. 0 North FOUKTJB wreer JNDIA RUBBER GOODS WHOLESALE AND RETAIL, . OF ALL KINDS, FOR FAMILY, DRUGGISTS', 8TATI0I?EBS', 03 MANUFACTURERS' USE, Can be obtained direct it the i MANUFACTORY AGENCY, , No. 708 CHESNUT Street: Customers will nnd It to their advantage to d here. . 1M- ' HARD RUBBER ARTIFICIAL IJMHH. Anus, Legs, Appliances lor ir etc eto. Tbsee Lliuhsare transterred irom Ibe lu lorin and fit: are Uie lightest, moat durable, comfort able, perieot, and artisuo aubailiutos Jet Invented Ibev are approved and adopted hr tlie Uulted States Cloveru- lentandourprhioipalBargeons. faienisu aus" tM fca, J, ft, May 1, it-. f4TX CO., ' ' ' N. 63 AKCD Blrect, I hUadill'lila. ramphjets free. v.u in in man Lit ih.i.i... 5,ilv,'Co1!r,.'"'f lhe tnitod states Mails. , .KANtl VltAo' ..Katurrtav Febraaiv .... 1 1 v iV. h a I l"i WrULV Ve(iueday, F, l.ruarr 1 5 "CI I O B ALT lMORb.' Saturday. Ffliriiora It "CITY OF WAHl.lNl1r.N',V...S,rt.,r.layy.' Feb(u"J and each sneceeillng satiirdnv and W ednesday, at noon I rom I'M No. 4ft North rivet. v.-iuoon, -f rfr .J!J5KAT DEDUCTION' IN I'RICE OP .jJJII PASSAGE TO MJROPE by the on y c..u ..ine to England and Fiance. -The New V ork Havre Btesmsolo Company's Ural oIssm mall sm.S.nd .Aid.vW days thereafter. ' 1 fa
Significant historical Pennsylvania newspapers