THE DAILY EVENING TELEG R APII. PHILADELPHIA, FRIDAY, FEBRUARY 15, 18G7. ' PUBLISHED EVERY AFTERNOON (SUNDAYS KXCBI'TKD). AT TDK EVENING TFLKGRAPII BUILDING, No. 108 8. Third Street. Price. Three Cent Per Copy (Double Sheet), or Eighteen Cents Per Week, payable to the Carrier, and mailed to Subscriber out of the city at Nine Dollars Per Annum; One Dollar and Fifty Cents for Two Months, Invariably In advauce for the period ordered. FRIDAY, FEBRUARY 15, 1867. Conservative Logic in the Louisiana Case. Our Democratic contemporary makes tho fol ' lowing plea in behalf of the so-called State Government of Louisiana: "Louisiana has a State Government. It lias been reooRiilzed by the Kxeeutlve aud Judicial - branches of the natlounl Government, and also hv the legislative in many way, especially by ine art apportioning Representatives among the several . titates, and in counting the vote of Us Legislature . vpon the ratification of the Constitutional amend- ment." ; HWe hardly know which the more, to admire, our contemporary's ignorance of facts or its disregard of logic. The act apportioning Representatives among the several States, on the basis of population as ascertained in 18G0, teas passed March 4, 1802, two years before the present State Govern ment of Louisiana had any existence, and sonm time before the Federal troops had even cap tured New Orleans ! Moreover, if the passage Of that act "recognized" any State Government in Louisiana, it must have been the Rebel one, Of which the Rebel "Governor" Allen was , the head, Iwcause that was the only one then In existence. Hence it would follow that the present so scalled State Government of Loui fiiana is a mere usurpation," with no rightful : authority whatever, and, occording to our con . temporary's logic, ought to be overthrown. Again, if the act apportioning representa , tires among the several States wa3 a recogni ) tion of the validity of the State Government then in existence in Louisiana, it. was equally ' S recognition of the validity of every other ' Hebol State Government then in existence. And from this, again, flows the inevitable con ' elusion that every one of the so-called State Governments, in the late Rebel States, is a usurpation, deserving of overthrow. ; Our contemporary's argument, therefore, is j fatal to the legality of the Governments set up '. "by President Johnson in the late Ileliel States. It makes them to bo unconstitutional and revolutionary. It leaves them no possible l. ground to stand upon. It is a complete justi- fication both of the Eliot bill and of the mili- tary reconstruction bill, so far as the over ' throw of the illegal, and bastard "State Govern ' tnents" of the South are concerned. i. The second attempted argument of our .Contemporary, that Congress has recognized ' the present State Government of Louisiana by . counting the vote of its Legislature upon the ratification of the Constitutional amendment, tag the capital defect of resting upon an assumed fact which is no fact. Congress did not count the vote of Louisiana upon the rati . fioation of that amendment. That knocks the bottom out of that argument. Congress never counted the votes cast upon that amendment by any or all of the States. It simply proposed the amendment, without 1 epecifying whether the late Rebel States were entitled to take part in its ratification or not. President Johnson assumed that they were, and forced them to ratify it; but Congress had nothing to do with the matter. If, as a matter Of fact, the late Rebel States were entitled to Vote upon that amendment, then it was duly ratified, unless the plea of acting under duress Should be set up by the late Rebel States TV Inch the President forced to act as they did - If they were not entitl ed to vote upon it, then the amendment received a sufficient number o iVotes for its adoption by the States actually .constituting the Government. No; the truth is that, from its very incep tion, Congress has refused to recognize the legality of the so-called : State Government of Louisiana. It has steadily refused admission to Representatives from it. It refused to allow, 'it to take part in the Presidential election of 5.18G4. That "Government" has no basis of law or right to stand upon. It is a mere f usurpation, and a poor one at that. Passage of the League Island Hill. : TmsLeague Island bill finally passed the Senate yesterday by the handsome vote of 27 to 17. The main speeches in opposition to the Lill were made by Senator Foster, of Counecti- cut, Senator Riddlo, of Delaware, and Senator -Davjs, of Kentucky. Senator Grimes, of Iowa, bad charge of the bill, and succeeded in bring ing it to a vote. Senator Cattell has also been one of tho most active and influential sup porters of the bill, and its final passage is due !in no small degreo to his exertions. The bill originally passed the House of Rep resentatives ' some months ago, and as no amendments were made to it in the Senate, It goes directly 'to the President for his signature.'- The location is still subject to the ap proval of. a board of otlkeis to be appointed by the President. 'We congratulate our ritii'iu upon the probable success of this important jneasure. ' ( ; -1 . y r . Cokskrvatism Ili-usthatkd. The character Of what'plumes itself as' "Conservatism" at he present time is well illustrated by the sug gestion of a journal of that ilk, that the Presi dent is not bound to execute what he may fancy 'to be. an unconstitutional law. The leBult of this , doctrine, if tarried out, would Le to make the President not only an Execu tive but a Judicial officer. He would sit "in Judgment, upon every act passed by the repre sentatives of the people, and execute such only as he might decide to be, constitutional. Jt U not wonderful that such a proposi ftiu flivUli CPHW'frwa tliPriv wlio already claim for tho President legislative powers. But it is wonderful that those who thus fly in the face of both the letter and spirit of the Constitution, should have the effrontery to set themselves up as tho chief defenders of that instrument. The President has no more right to sit in judgment upon the constitutionality of the laws he is called upon to execute, than a sheriff or a constable has. The assumption of our form of government is that the repre sentatives of tho people, in Congress assem b,,,,l the grout law-making branch of the Government have some knowledge of the Constitution, and of their duties under it. No where is the least power given to tho Presi dent to set himself up as the judge of the con stitutionality of the laws passed by Congress. Such an attempt on his part would be a plain case of usurpation, demanding the prompt application of the highest constitutional remedies. The Question ol Crime Again. Oin article of a few days since on tho increase of crime has occasioned considerable comment, and among other responses has called out one which we publish to-day, and which we com mend to tho attention of our readers. Our main object was to arouse public attention, mid to direct the minds of thoughtful men to the astonishing and alarming condition of things now prevailing amongst us. The topic is a fruitful one. The problem for the good and the wise to solve is a difficult one. Yet, unless we give up all hope and belief in the capacity of human nature for progress in virtue and true wisdom, there must bo some means of meeting and successfully resisting those downward tendencies of the times which are now so manifest and alarming. A Mistaken Policy. We think tho policy of changing Representatives, which prevails throughout the North, a mistaken one. It requires two terms to enable a member of Congress to thoroughly understand the ins-and-outs of Washington city, and to know who to go to in order that the wants of his constituents may be supplied. As soon as ex perience has made him, a useful member, his constituents recall him and send another novice to go through the same routine, and in turn give way to another. While by this moans the title of Honorable is lavishly distributed throughout a district, the good of tho State is sacrificed. We are reminded of this by seeing that Mr. Brandagee, of New London, Conn., has been defeated for renoinination, and Mr. Starkweather named as his successor. While the recall of the mos- bitter opponent of League Island is a satisfaction to us, it is but another proof of the impolicy of changing representatives. Lobbks by Fiiie". The loss incurred by our city during the past year by fires amounts to $3,103,000. Of this, $2,005,1)00 was covered by insurance, leaving a loss borne by indivi duals of $1,187,100. The total number of fires was 597, so that the average loss every time the reader heard the whistle of tho engines amounted to $5322. , Hereafter it will add to the impressive effect of being disturbed at night to think that some unhappy fellow-mortal is in the act of losing some $5000 worth of property. The Rev. H. liickersteth, iucumhent of Christ Church, Hampstead, has just published a long blank verse poem under the title of "Yesterday, To-day, and Forever," which is reviewed ia the Spectator as "The New Para dise Lost and Regained." He seems, it says, to have studied Milton until not to imitate liim was impossible; but the peculiarities of Milton which lie has chosen for imitation aro not his beauties, but those strange defects which have made some writers question if the great Puritan had the divine tire. The' re viewer then proceeds to quote a number of passages from this new epic, the theology of which is dreary in the extreme, and concludes by saying, "The poem will probably be for gotten in a year; but did it live, as its author hopes it will, and obtain the popularity its author doubtless desires it should, it would do more to make Christianity unpopular to this generation than even the Itecord," which, con sidering the intolerant character of the Record, is the severest verdict that could le pro nounced upon the new Milton. 1 The English papers state that Mr. Tenny son is about to leave the Isle of Wight and take up his residence in London, having been diiven to that step by the persecutions of tho lion-hunters who watch him in his walks, lie concealed around his house, and cut down his trees as mementoes. It is to be feared that some of these thoughtless worshippers of his genius are .Americans, of whom especially those who write letters for publication he is understood to speak feelingly. A writer of table-talk in the tluanlian says that he is busy on a poem, longer, and on a grander scale than his last, which we trust is the case. The name of this poem has been stated to be "The Death of Lucretius." M. Louis Blanc recently brought a suit against Count Louis do Cambaceres tor the balance due him on the purchase-money of of his "History of the French Revolution," which was published in IStij by M. Leprince, whose security the Count became. The price to be paid for tho right of publication for three years was G0,(HH) francs, und as the pub lisher is now in difficulties, M. Blano very naturally looks to his surety for the money. The defense argued that the Count was inca pable of managing his own affairs, but the Court held the contract binding, and decreed that the Count's father must pay M. Blanc 40,000 francs due, and 20,000 francs damages. An English journal says that Lord Derby's Government may nut bo destined to last very long ; but no one can say that it has not left its mark upon the country. Lord Derby has ap pointed ten judges, all of a row; half-a-dozen peers, including a truthful and beautiful baro net; three - bishops, though only Irish and Indian; five baronets and twelve knights. He has had to dispose of three garters, five lord-lieutenancies, and four colonial governor ships. . Captain Mayne Reid, the well-known writer of children's books, lately gave ft leo turo, or something of tho kind, in London, entitled "An Evening with the Poets." It was for tho lKnefit of the suffering poor of the metropolis, among whom the gallant Captain may possibly rank himself, since his recent bankruptcy for eight thousand pounds. As Johnson said when Goldsmith's debts came to light after bis death, "Was ever author so trusted iH-foro T" SPECIAL NOTICES. SPECIAL NOTICE. FRANK CRANEt-LO, TAIL.OH, No. 021 CHESNUT Street, ( Formerly of No. 132 S. FoTJJRTH S.reet), Will opeu on MONDAY, nth Inst., with an entire HEW 8TOCK OF CLOTHS, CASSIMKRBS AND VESTIN'GS, ' Made up to Hie order of all Wentleuien who are desirous ot procuring a lirsl-cluss lasiilonitnle irar uenu a wlm 6m NEWSPAPKR ADVERTI8ING.-J0Y, COK A CO. Agents for tu.e."TKLKi)KAPH." and Newspaper Press of the whole country, have KK MOVKD from FIFTH and CHEisNUT Street to No. Ml H. SIXTH Street, second door above WALNUT. Okhckh:-No. 144 R. SIXTH Fttreet, Philadelphia: TIllHl 1SK lUUI-DINua, New York. 7 8ulp FRIENDS' ASYLUM FOR THE IN " SAKt, near Fruuklord, Twenty-third VV'aru, Philadelphia. Dr. J. U. WOIlTniNOTON. Superintendent, Application lor the aUuiisHlun ol pallunlH mav be niado to the Superintendent, at the Asylum, or to eliher ot the undernamed M ANAOKILS: Humuel lletll, No. 149 N. Tenth Htreet. Kllis, N. K. cor. Seventh and Market streets. Wllllum lietlle, No. 426 N. (Sixth Htreet. lloralio (J. V ood, No. 117 Cheenut street. Juhn .'. Allen, No. Mo H. Filth Htreet. John t arter. No. 82) St. Twelfth street, John 3i. Wliltall. No. 410 Knne atreat. Blark Bnlclersten, No. Hi) N. Sixth street. Hichard Kichurtlsou, No. D22 Arch HtreeU Wihtar Morris, No. 29 H. Third street. Samuel Morris, near Olney. K. P Morris, Oermantown, and 60S Market street. Nathan illlles, FraDkford; David Scull. No. 81b Areli street. AV. Kinsey. S. V. cor. Third and Vine streets, William B. Cooper, nearCamdeu, New Jentoy. S. Knilen, Uermuntown. and 627 Market street. Howard Yarnull, No. M2 Mount Vernon street. Fmucis K. .Close, Oermantown. aud No. 1 Walnut street. liUSiu OFFICE OF TREMONT COAL COM PANY. No. 18 PHILADELPHIA KX- CHANOK, Pmi.ADKi.piriA, February 11, 1367. NUT1CK. The Annual Meeting ol the Stockholders of the Tre mont Coal Company will beheld at No. 10 PhlladcU pliia KxchatiKe, in the city ol PiillaUelphlu, on TUES DAY, il-.e twenty-sixth lav of February, at 12 o'clock M., at which time and place the Annual Klecllon lor President aud Directors, to serve the ensuing year, will be held. 8 11 m OKORO R IT. COI.KKT, Secretary. OFF1CK PKN'SSYLVANIA BAIL ROAD COMPANY. Philadelphia. January 38, 186i. NOT1CK TO iVlUCKHOLDfcfe. Ihe Annual UeetiDg of the Mockhohiera oftbli Com pany wi I be held on TUESOAY, the 19th day ol feuru art. 1867. at lu o'clock A. w , at the Hoard of 'trade Booms. o. 505 ( UfSMIT Ktreet. The Annual Flection lor Directors will be held on M U DAY. the 4th dar.ot U arch 1S67, at the Ottloe of the Company , ft o. 2 ifv TIJ1H1) street. 1 28 1st KD.dllNl) B vi 1TE. Secretary. THE ANNUAL MtETING OF THE Stockholders of the DANK HOLLOW OIL AKD VAMnBKIKUCilrAHY will be held on MONDAY, February 18 187, at 4 o'clock P. M.. at to 21fcJ4 WALM'T Ktreet BiwniKo 4, fcecoud Btorr. Fbilaueijhia, January 30, 1867. 1 w jrvgr QUICK SALES AND 8 MALL PROFITS. a33 WATSOs & TALLMAN'a TOILKT EMPOKIUM, No. lbl North JlIUBTU Street. Hall's Sicilian Hair Keuewer. Uiuk's Ambro'la Bar nett's Oocoalne, London Hair Co or Bestorer. Tebbett's Lair Kegenerator, sterling's Ambrosia, Montgomery's Lair Kextorer, Fusion's cocln Ocuraud's Oriental Cream, Lsird's Bioom of Youth, Email de Parln Enamel of America. In fact all preparations requisite to the toilet at 11 2 stutli 2ui4p OBEATLT KKDUCED PRICK. BATCH ELOR'S HAIR DYE 'I'll K BEST IN TilK WORLD. Harmless, reliable, Instantaneous. The only per fect dye. No disappointment, no ridiculous tluU, but true to nature, black or brown. OENV'INliDiSIUNED WILLIAM A. BATCHELOK, ALU, Regenerating Extract or Millefleurs restores, pre serves, and beautifies the hair, preveuls baldness, bold by all Druggists. Factory No. 81 BAUULAY Street, New York. :tj IKSjp HOLLOWAY'S PILT-S AND OINT-a-3 MKNT. Sprains, Dislocations, etc. Neither opodeldoc liniment nor any other embrocation cau equal tbeellicacy which characterizes these essential vegetable extracts in the cure ol sprains, strains, wounds, qruises, contusions, or dislocations, etc. They are unequalled for alleviating pain, reducing local Inflammation, and promoting a rapid cure, bold by ail Druggists. 2 8 4t4p STEINWAY & SONS GRAND SQUARE AND UPRIGHT PIANO FORTES. STK1NWAY & SON8 direct special attention to their uewly Invented 'Upright" Pianos, with their "J'att7it Jieionalor" and double Iron Frame, patented June 5, lbU6. ThlB Inveulloii consists lu providing the Instrument (In addition to the iron frame lu front of the soundboard), w Ith an iron brace frame in the rear ol it, both lrames being cast lu one piece, thereby Im parting a solidity ol construction and capacity of standing In tune never before attained lu that class of instrument. . The soundboard Is supported between the two frames by an apparatus regulaiing Its leusion, so that the greatest possible degree ot sound producing capa city is obtained, aud regulated to the nicest desirable point. The great volume and exquisite quality of tone, as well as elasticity and promptness ot action, of these new llpright Pianos have elicited the unqualified ad miration ol the muslcul profession aud all who have heard them. BLASICS BROTHERS confidently ofTer these beaulilul Instruments to the public, aud Invite every lover ol music to call and examine them. Every Piano Is construcied with their Patent Agralle Arrangement applied directly to the full Irou Erame. For sale only by ItLASITN HROTIIKRS, 1 28 lm4p No. 1W6 CHK-SNUTBtreot. CPg-j THE PIANOS WHICH WE MANU- II S II tincture recommend themselves. We pro-iiiit-e to our pairons clear, beaulilul tones, elegant workmanship, durability, and reasonable prices, com- w r tJ.U', JuU Buarautee. For sale only at No. 1017 WALNUT Street. 62t'27UNHJN'IANO MANUFACTURING CO. -mm nMrranf tu STOLEN TOIS MORNING, FROM aU i ; ."IV1 B.tld ,42'f'": a HOLD WATCH t Elevenl ollur" WLU "a WVKH; amounting .vM1Jr.SYiLK 'RKW-.RD will he given for the recovery of the same. JAM Ks MOtNKY, ii No. 8JI LOCUST Street. r.F 9 8 A L EA VERY DESIRABLE "".V.mJ.St1, C0l"UB iwouty-oue acres, more r, .Mhh?.. Si V" "? ol" orK rod, oppas le the residence ot Mr. Joseph Swift, aud adjoining lauds of w,n.l,t.S,"lt"1"'e.l'1,,e William Lt.giu FIslier, an I In i JvVJLXE .'.'"i'.6 WBllt 01 atutlonsou the NoriU l etiiiBlvan a and Oerruaniowu Railroads. For par ticulars apply on the premises, or to V ' 9it!i ABitAUAM . BUCK1U8, Executor, la Oermantown. TO LET FOR six MONTHS AN ELE- nTifrwemlelh' K, "u!e P CH KSNUT Street, ii r " H K K.ent '2W desirable tenant. 2 1J 6t U. E. 1.LKNN, No, m a. hKVKNTU St O.HNi?m?.B.fNT' AT CHESNUT HILL, sou Addrei W JIir,IV.U!S,i' ,or tu ""'! sun. Address, W.J. H HOI mo , Post Olhuw. (2 lilt !fffTfr JP.PAMJftNlA.-THB PACIFIC ISTolfS.edmV yWSUIP OCEAN UUKEN will eiiHi LEAF, Agent, Mo: m CHESNUT Street. PiorTV..?00-16 RUE VIVIENNB, BVinif .''urtYjrd , on the left Urst fleer. r"'tlALir OKSlLKh, MAMIES, UAUTF.H NOUVEAUTB8 ,K?5AM-A .BrYLISH. PROMPl dr,. ??,?.'SUlUbl8'r " work' VeOM INSTRUCTION. BUSINESS COLLEGE PBILADKLPHIA. NOTICE OF REMOVAL. BABE l.NDUCEMENIS TO PATE0U8. TEBMB REDUCED ONE HTJNDKED SCH0L&.R SHIPS TO BE ISSUfD AT $30. NEW AND ELEGANT ROOMS ARB flnORTLV to PR OPRNKD AT FIFTH AND rilESMT STRKEfS. Pn aocoant of the Inorvased aceooimodalions sal cost Ol titling up ihe new rooms, ' ON K HUM)RH HTrDKNTS Will be received for a six moatbs' course at the low rattof S0 each, for which a lull course scholarship wl 1 be ed Imtneuiaie apDllc ttion is ne'esarr', secure the ed vamaves ot this liberal oft r, as the uarn ber will be strictly limbed to one bundred THK COfJ KK (r lN8t M(J. no Is of the most prsctlcsl and valnahle chsrsotsr, asrtl n al rrspfcts nnsnrpa'sva ailVsnlnyes sie ollnrndto those bo lsit to prepare tor an active bslnes lit. BOOK-FKKf'INU, PF,N MAN SHIP, COMMF.RCIAL AKlTUMltllC. TELKJltAl'HISO. TUB UlUULB MAT HEM ATK rt, ETO. F-VKWSU IMHTHUCIIOM. Fnl!.Conre, six months .....125 Penmanship and Arithmetic three months , i'i 1 enmsnshl p. twenty lessons a KAlKmNKH' HOOK KEKPINO, The only wors now be'ore the publlo composed ofsnti obtained Irom actual business, a one insures in the De- ailment of Accounts, unequalled Incllltii. For clrcnlars end further Iniorn snon. anp'v at the Office, M. K. corner TENTH and rHKKNPT Nt rents. L EAIMUANK8, A. M., Principal. T. E. Mehcdant. Secretary j) lmwf JHE GREAT NATIONAL TELEGRAPHIC AND ronni:it(iAii ijh.htitvtk, No. 710 AltCIl STHKET, PlllLAOELPUtA, PA. This Institution Is now open for Educational pur- Coses. The outfit Is perfect furniture throughout eing entirely new. the Ti:i.t:unAriiic dkimktmkxt Is under the control of Mr. Park Hprlng, who, us a must complete and thorough operator, is uiiqiutlillediy endorsed by the entire corps of managers of the Western Union Telegraphic Hue at the main ollke m this city. Twenty-one instruments lu constant opera tlon. THE LADIES' TF.I.K4MRA1MIIC GPABT In comfort and elegance.equnls any Drawing-room In the city. Opportunities lor study are here aflorded that are unequalled. THE COMMEIU'IAI, EPAKTME9TT Is under the especial care of Mr. T. C. Search, an ex perlenced accountant, and lute Professor of Account! lu a prominent .Business College of this oily. A full corps of Teachers always lu attendance. fJNIAltAII,El.E OFFER. We will refund the entire charge of tuition to any pupil who may be dissnlislied with our Instruction alter having giveu two weeks' faithiul labor lu either Department. NIHD FOH CIIM'UI.AKS. TERMS P1U0V1OUH TO MA HUH 1, 1887. Full Course, lime unlimited ...$23 Telegraphing, three months g 2 11niwf uu JACOlt II. TAYIAHl, President THE GREAT NATIONAL TELEGRAPHIC AND COMMERCIAL INSTITUTE, No. 710 ARCH Street, WILL OPEN 2 4 MONDAY, February 11 HAMILTON INSTITUTE FOR YOUSQ LAOlErt, Ho. 8810 CUKMUX Htreet, West Phl lacelphla. ' . . DAY AND BOARDING ttCHOOL. PHILIP A.J'KEUtK. A. M . PRINCIPAL. Tha Hprlng beesiou will coinmenoe on MOMDAT, r tuiusrr i TUM. CI 14tf Day ecbolars. per session too 00 Hoarding scholars, per session.. "LpEMALE COLLEGE, DOKDENTOWN. N. J. X' bummer Sessiou commeuces MAllCU 8. For catalogues, terms, etc,, aaaress KKV. JOHN H. BllAKKLKY, A. M.. 2 IS l.ltrp President, COPARTNERSHIPS. TS.ltiTICE.-WE HAVE rillS DAT ADMIT X TLD Mr. fcOMON POl'.Y as a member of our House. DALLE IT ds SON, l'hlladelphla, February 15. 1HG7. 2 15 lot E W C H R O M O. Just ready, a remarkably PINE CUllOMOot PEACHES, Juicy and tempting foe a dining-room, from the Falutlngby ... W. M. BROWN. In the possession of JAY COOKE, Esq. $10 00 EACH. ! ' MULES' GALLERIES AMD LOOKING GLASS WAEEROOMS, 218 3I4P No. 810 CIIEMNVT STREET. HENRY S. HANNIS & CO., Nos. 218 rnd 220 S. FRONT Street, OTFES TO THE TRADE, IN LOTH TO SUIT, Two Thousand 2000) Barrels Free OLD RYE WHISKIES Hanging from THREE to TEN years or age. ALSO, Six Thousand (6000) Barrels ia Bond, DISTILLED IN 1865 AND 1868. . Liberal contracts made for lots to arrive, of this year's manufacture. 2 9mwf4m4p' GROUND BETWEEN LEAGUE ISLAND AND THE NAVY YAKD. 2.813,600 PKKT. To lease for a term of years. In lots to suit, for wharlnge. and manufacturing and commerciul pur poses, two million six hundred and thirteen thousand und six hundred leet of ground, more or less, on the Delaware river fiont of Ihe city, between League Inlitnd end the present Nuvy Yard, owned by the Philadelphia Commercial Wharf aud llailroad Com puny. Terms liberal. One-half of the capital stock; of the Company Is to he expended lor improvements on the grounds of the Company, in aucorduuee with the provlsloua ol the charter. Shares (dU each. Five dollars per ehare to be paid at the time of Hiihsorlbiuc, Hie balauce to be called la n required lor the Improvements. Bubnurlptlon Hooks now niivn at the olllce of the Company, No. SL7 WALNUT bireut, second story front room. 2 15(itrp T. B. rMKTlY. Tremdent, p AlallLY FLOUR. EYJKY BARREL WARRANTED. FOR SALE BY J. EDWARD ADDIOKS, (Late of L. Kuowlea A Co. ttsmtpj Ho. 1230 HABKET Street. FINANCIAL. p C N NG YLV ANI A i " STATE L0AIT. PROPOSALS FOR A LOAN or $23,000,000. AN ACT TO CEBATE A L0AS FOE THK REDEMPHOS 07 THE OVERDUE BONDS OF THE COMMONWEALTH. Whereat, The bonds of the Commonwealth, and curtain ceniflcatcs of Indebtedness, amounting to TWENTY-THREE MILLIONS OF DOLLARS, have been overdue and unpaid for some time past; And ufiereas. It Is desirable that the same Bhoulskbe paid, and withdrawn from the market; therefore, H ctlon 1. lie it enacted by the Senate and ITuuse of UepresciUaltvci of the Commonwealth of I'enn sjlvonin in Vencrat Assembly met, and it is hereby enacted by the authority of the tame. That the (Jtivruor, Auditor-Ueneral, and Htate Trea surer be, and are hereby, authorized and em powered io borrow, on the faith of the Com. monweulth, in tiuth amounts aud with such notice (not lens than forty days) as they may derm most expedient for the interest of the Btnte, twenty-three millions of dollars, and issue certificates of loan or bonds of the Com inonw eiillli for the same, bearing interest at a rule not exceeding six per centum per annum, puyoble semi-annually, ou the 1st of February and 1st of August, In the city of Philadelphia; which certificates of loan or bonds shall not be uulject to ay taxation whatever, fr State, municipal, or local purposes, and shall be paya ble ns lollows, namely: Five milllous of dollars payable al any time after Ave years, and within ten years; eight millions of dollars paya ble at any time alter ten years, and within fif teen years; and ten millions of dollars at any time after fifteen years, and within twenty-live years; and shall be signed by ttfe Governor nd htate Treasurer, aud countersigned by the Auditor-Ueneral, and registered lu the books of the Auditor-Generul, and to De transferable ou the books of the Commonwealth, nt the Farmers' and Mechanics' National llank of rhilndelphiu; the proceeds of the whole of which; loan, Including premiums, etcetera, received on the same, shall bu applied to the pnyment of the bonds aud certificates of in debtedness of the Common wealth. Sect ion 2. The bids for the said loan shall be ot ent d in the presence of the Guvm nor, Auditor-General, aud Stale Treasurer, and nwarded lo the highest bidder: I'rovided, That nocortltl rate 1 erei y authorized to be Issued shall be negotiated lor less tliau Its par value. Section 3 1 he bonds or the Stat and certifi cates of Indebtedness, now overdue,, shall be receivable in payment Ot the said loau, under i-ucli regulations as the Governor, Auditor General, aud State Treasurer may prrscrloe; nnd every bidder for the loan now authorized io be Issued, shall state lu his bid whether the sunie is payable lu cash orVu the bonds, or certificates of indebtedness of the Common wealth. Section 4. That all trustees, executors, admin istrators, guardians, agents, treasurers, com mittees, or other persons, holding, in a fidu ciary capacity, bonds or certificates of indebt edness of the State or moneys, are hereby authorised to bid for the loan hereby authorized to be issued, und to surrender the bonds or certificates of lonn held by them at the lime of making such bid, and to receive the bonds authorized lo be issued by this act. Section 5. Any person or persons standing In the fiduciary capacity staled in the foui t'j see lion of tills act, who may desire to invest money In their hands for the benefit of the trust, may, without any order of court, iuvest the same in the bonds authorized to be Issued by tills act, at a rale of premium not exceed ing twenty per centum. Section 6. That from and after the passage of this net, all the bonds of this Commonwealth sliull be paid off In the order of their maturity. Section 7. That all loans of this Common wealth, not yet due, shall be exempt from Slate, municipal, or local taxation, after the interest due Febiuary 1st, one thousand eight hundred aud sixty-seven, shall have been nuid. Section 8. That all existing laws, or portions ineieoi, inconsistent uerewiiu, are Hereby re pealed. JOHN P. GLASS, Speaker of the House of Representatives. L. W. HALL, Sneaker of the Senate. Approved the second day of Febiuury, one luuuauuu eigui uuuureu unci sixty-seven. JOHN W. GEARY. In accordance with the provisions of the nhrtVl) u, f. tf A Uct.rtlil v ( ,1 ,, 1 ... I ...... .w I .. ...in be received at the Olllce of the State Treasurer . ju Hiowij ui jiBirihuurn, ireunsyi vanta, unlll 12 o'clock M., of the 1st day of April, A. I), I8b7, cuuumeu us ioiiows: x roposuis lor Peun- Bjivamu. ntaie Xjoan," -.treasury Leparlmeut, Harrlsburg, Pennsylvania, : United States of Bids will be received for $5,000,000, relinbursa- Ma in iivA vonru and navuklu 1 4 . 48,000,000, reimbursable in ten years, and payable iu uucou jcaioj nuu etu.vuu.uuu, reimnursable lu fifteen years and payable iu twenty-five years. The rale of interest to be either five or six ner cent, per annum, which must be explicitly stated in the bid, and the bids most advanta geous io me Btaie will be accepted. No bid for less than par will be considered. The bonds will be Issued in sums of iM, and such higher sums as desired by theloaners, to be free from f-ttafA 1r.-Al and miinlnl...! t The overdue bonds of the Commonwealth of x euusyivauia win ue received at par in pay ment of this loan, but bidders must slate whether they Intend to pay in cash or lu the overdue loans aforesaid. No distinction will be made between bidders paying lu cash' or overdue loans. JOHN W. GEARY, Governor of Pennsylvania. JOHN K. H A RTIt A N FT, Auditor-General W.IL KEMBLE, State Treasurer. N. B. No newspaper publishing the above, unless authorized, will receive pay. 'i 7 NATIONAL BANK OF THE REPUBLIC, Nos. 800 aud 811 CIIE9XIT Street, PHILADELPHIA. CAPITAL, 930l,000-l'ITLI PAID, DIRECTOKS. Jos. T. Bslley, 10dw, li. Urne. Ktubau Illlles, William Krvien,Sam'l A. RIspliam, OdKood Wttlxli. Fred. A.J luvt. 11. Kowluud, Jr.,Vui. H. ltliuwu. PBKSIDKNT, WILLIAM U. BHAWN. CASHIER, jot?rcpii j. MUMronp. 1 313ra Yillam palkter & co.; BANKERS No. CO South THIRD St. JVNE, JVfUY, nt AUGUSV CONVERTED INTO nVE-TWEHTTES And the Difierenc ia Market Price Allowed. PQSK8 f EUVEHtD UUltDIAIEtT. 1J Wu FINANCIAL. 7-30s, AUCUGT, JULY, AND JUNE, oojNVi:iivrii2i into 5-20s WITHOUT CHvltOi:. ArrLY AT ONCE TO 2 li 10t4p DREXEL & CO., No. 34 South THIRD St. BANKING UOUHB1 op ' JayCooke&(p. U2 and 114 So. THIRD ST. PIULAD'A.' Dealers in all Government Securities ' OLD G-20s WANTED IN EXCII.1NGE FOR NEW. A LIBERAL DIFFERENCE ALLOWED, Compound Interest Notes Wanted. INTEREST ALLOWED ON DEPOSITS. Collections made. Stocks bought and sold on Commission. Special businessaccommodatlons reserved for ladieg- 12 24 3m4o 7 3-lOs, ALL SERIES' 5-20s of 1865 January and July, WITHOUT CHARGE. BONDS DELIVERED I2UEEDIATE1I. DE HAVEN & BROTHER, ,m SOUTH TniRD St TEN PER C E N T FIRST MORTGAGE BONDS. The Hamilton Gold and Silver Mining Company of Nevada. This Company, baaed npon large and valuabl propeitr in the attnin.oth and Korth Union UlDirittt, county, Mare ol .Nevada, (tier Bonds harinir On years to run, beailng intereat at tlie raie ol ten per cent er annum, p&jabe ball yeurlr at tb olllce ot lb ompany. 1 beae aecnrltle form a first o'atm on the entire asset of tlie Company, ar.d are exchangeable lor ordinal stock at t be option ot tbe bolder at any period dunn tbe flveycaia Fvt partlrulnra ard Inrlbor rnfcrmatlon. apply to tat Fecreiary or tlie V.analriB Dliector. aNthe Offlceoff he Company, Kos. Stand il 1EH1I itUlLDlQS, No. 430 WALNUT Street. tfbKStDEKT, HON. AT.KXANDKR RAMSEY. BECKETAB7 iKD TEEA80BEK. 28tf COL. JACOB ZIKGLKK. gXexLLeU in. flL.-f. gfzciilhLeA asui jSftalcLqn. -tcJvcw.q,e, anil mcmLeLA af gf 'iack. aruL g&akL SxJianxieA in Ltaiiz rltleA. jftrrcuwix of JxmcS anA r txlmA. flRlT-CUSS SEVEN PES CERT. ESSCS. Hoitlx nUswuri Krt Mortgage Rerea Per Cent Bondi for tale fct 8 5J All Inonnatlcn cheerfully given. JAY COOKE & C0.f BANKERS, No. 114 South THIRD St. I I tint !
Significant historical Pennsylvania newspapers