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 !