THE NEW YORK PRESS. EDinililAL OPINIONS 01' TIIR LF.ADINU JOURS AM) ProN CORKKNT Tol'ICS COMPILI'D KV1211Y DAT FOR THR KVIiMNO TUMiUKAPlI. "Mal'gunut ne(llntluu." Prom the tribune. Ouo of tlio rrcsiilfiit's court journals in Washington conjures Congress, ami pocially the Senate, for what it wills "malignant legis lation." By this it means the numerous re jections of the Presidential appointments to oflioe. Let us look at this charge for a moment. President Johnson came into oflico hy the gracious support of the Republican party, thereunto induced by much profession of loyalty, lie found that party in possession of the Government. To a certain extent wo do not say an unlimited extent lie owed it allegiance. That is to say, where two capable men applied for an ollice, one Republican and the other Democratic, he was bound to appoint the Republican. Where there was no com petent Republicans, no one, of course, could object to a Democrat. The Senate was generous in this matter. When one of the best offices in New York was given to Mr. Udell, a supporter of MoClel lan, he was continued, and nothing was said, although there were a thousand Republicans in New York "quite as competent and deserv ing. It came to pass that the President con ceived "a policy." It was a peculiar policy, ill-begotten, monstrous, out of parallel with nature. It was tenderly loved and reared. The natiflu shunned it. OiHce-holders avoided it, and exasperated his Excellency by declining to follow his teachings. An occasional Hes sian like Mr. Randall, or some poor, forlorn devil of an ollice-beggar and ollice-broker like Mr. Weed, endorsed it. Rrave, good Republi cans spurned it, and the people sustained them. Thon came general proscription. Mr. Den nison was driven out of the Cabinet, not with standing his jaut to New York after the Pre sident's celebrated speech. Mr. Harlan and Mr. Speed were banished. A renegade was made Postmaster-General, another was placed in the Interior Department. The Treasury was ', assaulted. Men who had acquired a knowledge of the iutricato and perplexing revenue system were suddenly thrown out, and ignorant adventurers appointed. We do not think it too much to say that ton millions of dollars have been wasted by these changes in the revenue. In New York we have seen the most disgraceful transactions frauds in the customs, in the excise, in the revenue col lections. Two Congressional Committees have been here, stirring around and producing the most' startling and disusting revelations. In Philadelphia it was even worse, and as to the West, we have heard nothing but complaint. While, Mr. McCulloch was debasing the Treasury service, Mr. Randall was removing Postmasters by the hundred "for political rea sons," Mr. Stanton was sending the radical Terry out among the Indians, and adding stars to the shoulders of Custer, and Mr. Seward was appointing such men as McGinnis to re present us abroad, and listening to the gossip of spies and adventurers. Treachery was re warded. Men were honored for hypocrisy, and the vast patronage of this Government was hawked along the streets and doled, out to j renegade Republicans, Copperheads, and Se cessionists. What remained ? Was the I Senate tamely to submit to this degradation? j Was it to allow its friends to be punished for j their opinions? Was it, on higher grounds, to permit a Mcumms to succeed Campbell or a Cowan to replace Motley ? Was it tamely to permit over a thousand postmasters to be driven out of office because they were not as easy of conscience as Mr. Randall? Was it to indorse Mr. Seward's Peeping Tom and dirt-eating diplomacy ? We say no. We honor the Senate for its intrepidity. There are individual cases where we might have acted differently. If General Couch was rejected as Collector in Boston, we do not see why General Dix was confirmed as Minister to Paris. Still, on the whole, the Senate has done well. If the public service is , deranged, President Johnson and his Cabinet are absolutely to blame. We trust that every Copperhead and every renegade Republican j seut to the Senate for continuation will be j rejected and again rejected, un'-il the Pre- , sklent comes to his senses in Jie matter of 1 patronage, and learns that the olflews of this Republic are for the good of the people, and not a part of his personal property, to be given to those who choose to be his slaves. The Approaching Collapse of the Re publican Patly Mr. Johuuon'a Policy. . from tha Herald. Parties, like nations, rise, flourish, decline, and disappear. It is the universal law of , nature. The present Republican party of this , country lias had a short reign, but its cam- paigns against the old effete Democracy have been those of the great Napoleon against Austria, "short, sharp, and decisive." Yet tuis powerful party, called into life for the purpose of arresting the extension of slavery, has fulfilled more than its appointed mission in the complete extirpation of slavery and in the elevation of the emancipated black race in the South to the radical ultimatum of civil and political equality. These great issues being settled, new issues must inevitably come into the foreground, and a new organization of parties in reterence to the future policy of the general Government. President Johnson, with the keen scent of an old politician, has struck upon the trail of the money question as the great issue upon which our political parties are next to be divided, lie is right in this; but his particular view of the impending contlict, as publicly detailed in his behalf by Private Miles O'Reilly, is distorted, exaggerated, and full of mischief. It takes the broad, downhill ro.nl to repudia tion, national dishonor, and national bank ruptcy, the only opposition programme against which this Republican party may hold its ground until the debts (twenty-live hundred millions) of our great and terrible war for the Union are fully paid. Miles O'Reilly, how over, though figuring in this matter as the private secretary and attorney of Mr. Johnson for the Southern district of New. York, has no doubt overshot the mark, as poets, in their flights of fancy, are apt to do. Nevertheless, the Republican party has reached its culmi nating point, and its leaders and managers, in looking ahead, are becoming alarmed. As evi dence strongly supporting this fact we pub lished yesterday a very suggestive Washing ton letter from George Wilkes to Wilkes' JSvirit of the Times, written the next day after the final passage of the new Reconstruction bill over the President's veto. Wilkes is a shrewd observer. As an expe rienced man of the world, as a gentleman jockey and radical politician, he knows a thing or two. He evidently, likewise, as TITE DAILY EVENING TELEGRAPH. PHILADELPHIA, FRIDAY, MARCH 15, 18G7. intimate in the councils of tho radical camp at Washington as Miles O'Reilly is with the pri vate views of Andy Johnson'on public affairs. The profession of a jockey, involving a tho rough knowledge of all the points of excel lence or inferiority in a horse, ho has been applied to some purpose by Wilkes in regird to politicians. As at a single glance, from his nostrils to his tail and his pasterns, Wilkes knows all about his horse, so in a si.igle glance, under the same rules of judgment, lie knows his politician. In this respect the jockey, as a man of science and fixed facts, has an immense advantage in a view of tho political situation over the poet and liU ilights of fancy. It is tho diileic:ce between Aga.isi, and Beet her in a description of a Greenland whale or a woolly horse. Mark, then, what Wllke says of the dilemma of the radicals at Washington. Ho says that when the Reconstruction bill had become a law they saw clearly "that the man at the other end of the avenue, who now stands utterly without a friend or a party, may in less than six months have at his back the compact power of thirteen States and all the Coppoihead patty of the North;" that then, with its two-thirds of each House of Congress destroyed, the Republiejin party will become demoralized and will perhaps be broken up. The only remedy, ho contends, in order that the military machinery of South ern reconstruction may be given into upright hands, is the removal of President Johnson. Hi; must lie removed, or with the weapon which has been furnished him in this Recon struction bill he may demolish the Republi can party. This, then, is the radical difficulty at Wash ington, and the secret of the new movement for the President's impeachment. It is mani fest, however, that since tho passage of the Reconstruction bill, ami with the general be lief that Mr. Johnson will "see the law faith fully executed," it is manifest, we say, that this alternative of impeachment has so far lost ground in Congress that it may be con sidered as virtually abandoned. Let Mr. Johnson faithfully execute these new" laws of Congress, and even the impeachment investi gation will bo given up. He has the case in his hands, and by straightforward, honest work, he may by next December have all the excluded States at his back in both Houses of Congress. Of course, this will pro duce a complete change in our present party organizations, in Congress and out of Con gress, North and South; unquestionably, as Southern slavery and all its accessories will bo settled, the money question in all its phases, national debt, national taxations, ex penditures, currency, banks, everything, will form the absorbing question of the day, mark ing party lines, as in the time of Jackson. In this view of the coming contlict, if Mr. Johnson will only take time by the forelock, in a careful message to Congress, defining a well-considered financial policy of reform, economy, and retrenchment, he may still be come master of the situation. The statement of his views of the tendencies of this financial question as given to the world by Miles O'Reilly is overdone. It puts Mr. Johnson in a bad position, and is operating to strengthen Chief Justice Chase ami the political pipe layers of his financial system. Twenty-five hundred millions of money are at stake, and Mr. Johnson owes it to the country to define his position officially on this subject, as soon as practicable, in a message to Congress. The political advantages which are thus offered him, moreover, no shrewd, aspiring politician, or wise statesman would overlook.. To Mr. Johnson here is still another golden opportu nity which ought not to be lost. The Model DomagoRue. From the Times. In the House of Representatives on Wednes day, there was some discussion upon the Senate resolution to appropriate a million of dollars for the relief of starving people in the South. Fernando Wood, the Pecksniff of Blooming dale, was opposed to the project first, because the Government ought not to distribute alms and secondly, because he was satisfied that there was no destitution that would justify the expenditure. Benjamin F. Butler was also opposed to the resolution, not because there was no suffering, but he believed in let ting them suffer; if they wanted relief, let them divide up the lands of the rich, and so get relief. No one would look for other action by Mr. Butler; his views are well known to be vindictive in the extremest degree. But Fer nando Wood has been believed to be the friend of the South if such a man can be a friend to anybody except himself; he has shed many tears over the sufferings inflicted, upon ihe Rebel States by tho radical' Con gress; he took active measures in the begin ning of the war to forward guns to the Gov ernor of Georgia, which were to be used to lire upon Sumter; he favored the cause of Rebellion until the aroused loyidty of the country became too demonstrative to render such a course safe, and then he Hopped over and came up at the Union Squa -e meeting as a model War Democrat. Indeed, he had the credit of raising a regiment the State footing the bill and earned the honor of being soundly abused in tho Richmond papers for treason to the Southern cause. But this spasm of apparent patriotism was manifestly the result ol moral coercion; it was no longer sale to send telegrams to Governor Brown, nor was it eminently healthy to bo promi nently known as a sympathizer with treason. The war over, however, and personal safety again assured, our model demagogue resumed his lamentations over the sufferings of his Southern clients, and his influence such as it is was counted upon to bring them the ear liest possible relief. But whera is the weep ing Jeremiah now? It is proposed to send a little food to starving women and chil dren, to be distributed without question as to race or standing as to loyalty; even radicals of the rankest sort favor the project; but Fernando Wood says "No;" it hurts his conscience (!) forsooth; he is pain fully exercised lest such a donation should be unconstitutional:, he thinks there is not much starvation, but if all the South were dying for the lack of food, it would not do to feed them unless so nominated in that great bond, the Constitution. This is the extent of Mr. Wood's sympathy for suffering children. Their weakness is that they lack the right of suffrage. But what if the victims were Fe nians, each one with a vote at his back? Tho case would be bravely altered. Already the shrewd Fernando has set his trap for the Irish vote by resolutions of sympathy with the in surgents in the Kerry Mountains, and so press ing did ho deem the need of this sympathy that he wanted to suspend the rules to put tho job through the House lnstanter. We can not predict the fate of the proposition to re lieve the South, but thus far it appears to have life enough to withstand the insane viu dictiveness of the hero of Fort Fisher and the cold-blooded vampyrisui of the model demagogue. Polllcnrka nurl ISritlfth Pro prltty. hom the World Let Punch toss up his hat, and the staid Hi itajinia wave her teapot about her comely head in triumph ! Let tho. British paterfami lias bo exceeding glad, and the "solid men" of our own New England indulge in a sober joy. Tho Kmperor of tho French and his architectural ''Man Friday." the Prefect Hauss mann, have announced their high will and pleasure that, during the great Exhibition of 18(17, the versatile and volatile Parisians shall purge and live cleanly, abandon their most chaiactoristic naughtinesses, and behave themselves before company. "Asa mark of re spect to visitors," we are informed, "a general surveillance of the manners, order, and de- cornn of the French metropolis will bo especially enforced." A single one regulations thus proposed to be out must have carried deep of tho carried dismay de Lo ft mere into the quarter of Notre Dame rotte, and made of the Chaumiero Carthusian waste. "No woman is to bo suffered to go unaccompanied into a cafe or restaurant alter dusk." If the British pater familias or the Bostonian missionary of moral ideas desires to take a little supper after a masked ball, he may do so without fear of intrusive dominoes or adventurous ilepordi'iises. It is impossible to exaggerate the considera tion thus shown by the French authorities for tho ways and habits of their guests. But one can't help suspecting that the objects of all this politeness may not be absolutely delighted at receiving it. There is such a thing as "being too civil by half." Far be it from us, of com se, to so much as hint that the British paterfamilias or the Boston missionary of moral ideas who finds himself in Paris would ever dream of doing as the Parisians do. The maxim, "when in Rome be a Roman," is usually interpreted by the true British or American Protestant to require that ho should lose no occasion of snubbing the ido latries and insultinjj tho idolators of the Popish faith. lie bears his pure testimony against tho "scarlet woman" by walking into Santa Maria Maggiore with his hat on. And in like manner, of course, be puts down the modern Babylon by dining off roast beef or buckwheat cakes with his family, instead of supping at the Maison d'Or with "casuals" from the Rue Bergere. But will not the pleasant consciousness of a supe rior propriety bo somewhat abated if all the world behaves properly ? What is the use of being better than the Parisians, if one does not distinctly see that one is better than they ? Futhermore, it is a part of the Oriental reli gion that "good Bostonians when they die go to Paris." But what sort of a reward will this be if Paris becomes just like Boston ? Putting the best possible construction on the Kniperor's motives, as wo heartily desire to do, we are yet constrained to fear that in this special matter he has rather overdone a good thing. It is not too late, however, fortunately, to retiace his steps. Perhaps it would be worth while for the English and American Commissioners (the majority of whom must pretty surely have some leisure on their bands) to unite in a respectful remonstrance on the subject, and to represent to his Majesty tha, merely as a matter of scientific curiosity and of international information, the English and American visitors to France would be obliged to him to modify his views, at least so far as to appoint one day in each week on which the Parisians may be suffered to give free course to their native depravity, for the instruction and edification of the rest of man kind. The Showmtu on the Stump. From the World. In the opening stump speech in the Con gressional campaign in Norwalk, Connecticut, the other night, Mr. P. T. Barnum uttered the following striking sentences upon the all-important subject of "reconstruction": Instead of meeting me on fuir politicaleround, they throw Into my teetli "Joyce llet.li," "Mer maid," '"Woolly Hone," and"Vliat Is It," and other advertisements of the great museum I I control, and which has been extolled by our , greatest scientific men us n line collection In lis wny. it my "mermaiu" was iormeu oy an Ingenious conjuuetion of the upper half of a monkey with the latter half of a codfish, as is chargtu, I at leust gave young persons a better Idea of a mermaid if suck an animal exists ut all than the poetical one of a lovely maiden, with the tall ol a fish and the voice of A siren, "combing her blue hair with a comb or pearl." Or, II It is necessary that the poetical mermaid should be Impressed upon the mind, u better impression ean thus bo arrived at, than by never receiving any actual idea of a mermaid at all. The pedigree of Joyce lletli may have been a little lault) ; but the memory aud influ ence of the Father of his Country could not but have been revived and intensified by one who was said to have been his nurse in childhood. 'J he "woolly horse" was certainly a curiosity, as every one ackuowlcdued, and must have given rise to valuuble suggestions to men of science. And If there is any one wno ever tame to 11 de finite conclusion us to what the "What Is It?'' reully was, 1 should like to see him slate his views. My museum is certainly a valuable contribution to irt and science, aud 1 am yet to see the first person who says that they uid not get their money's worth In wandering through its various apartments. The question of "reconstruction" in the Fourth Congressional District of Connecticut, then, comes down to the reconstruction of original codfish and aboriginal monkeys into ultra-marine mermaids; and the candidate for Congress boldly challenges a discussion upon the "What Is It.'" asking any man, who has "come to a conclusion" as to what was the "What is," to "state bi9 views." But, seriously, the ever-enterprising P. T. B. must laugh in his sleeve at the verdancy of a political public that does not see that Mr. Barnum is only using his Congressional nomination as a magnificent means of ad vertising his museum. What, indeed, is Colore" in comparison with the unrivalled collection of ( uriohities which "our greatest scientific men" have so extravagantly ex tolled? What are the exploits of even such a war-horse as Butler beside the "valuable sug gestions to men of science," resulting from the exhibition of the "woolly horse," and who has "ever wandered through the different apartments" of the Capitol at Washington with the feeling sure to result from a visit to the museum, that he had got his "money's worth ?" These are questions to be asked; they are asked on the stump in Connecticut; and every voter is informed that, though mili tary reconstruction in the Southern States may 1 a good thing, the great collection of curiosities is absolutely unrivalled. KEITH & PICKETT, COMMISSION MERCHANTS AND DEALERS 1H WHALE, BPEKM, LIED, ENGINE, SPINDLE, AND MACHINERY OILS. Also, Agents lor Manhattan Axle Oieaee Company. No. 134 South DELAWARE Avenue. 1 SO wftnlm I'arlsiau MEDICAL. . .. .V . ',,. . (I. Bold by all dragKlntfl at II per bottle. 1'KIM'fPAL fiKl'OT, KltOMER'S, No. 403CHKSJSUT Street, Philadelphia, Pa, DR. J. B. BOSE'8 ALT Ell ATI VK. TUB GREAT BLOOD FUUIFIEB. if yoa bave corrupt, disordered, ur vitiuted blood, von are tick all over. It may appear as plmplea, note, or a aome active dixee or It may onlj make you (eel lau mid or deprcased : but j ou cunnot bave Rood health ft jour blood la Impure. Ur Ko-e'i Aiterate e remove all ihee ImpurlUea, and la the remedy that will ieaior Vou to health Jt la unequalled for the cure of all dlseaiea oi the gland, acrotula, tubercular conHumpilun, and all erup tloua of the akin. I'rlce 1 Solo auonta. UiOvT A COi Ko 232 Korth SM'OND Stroet. DR. DTOTT'8 ITCH OINTMEST will cure every lorm ol Itch, and is superior to any other rtu etiy tor the cure of that dmafcreeable and tormenting (.in plaint, i'rlce 2fi cent, bent per mall, 40 centa. DYorr a co Ho. 232 Borth tECOKl Street. PR. J, B. KOSK'S EXPECTORANT. For the cure 01 consumption, couaha. colds, aathina. catarrh, inUueuza, apliUng oi b ood, bronobula and all uineunaoi tl.elunn. lLiak.vrup bating stood the test oi many years' ez perlc nee aa a r men ler irrita ion or any Inlluminntion of the lurjfcR. tb oat. or bronchia la acknowledged hy all to e a remedy superior to any other knowo com pound used tor the reliei and cure ot couitbs and coo-suL-.ption. F'rice tl. Coie agents. DTOTT CO 986m No. 232 North HKCON'U ftioct H AST I N C'S COMPOUND SYRUP OF NAPTIIA CURES CONSUMPTION. feOLD BY ALL LRUOOITS. DVOTT A CO., AdIK.VTM, ISO. 23 North SECOND HtreeU 3 81m AWNINGS, ETC. WNINGS! AWNIUOSI IMILDEW-PROOF AWNINGS. W. F. SUEIELE, No. 49 South THIRD Street AND No. 31 South SIXTH Street, Manufacturer of MILDEW-PUOOF AWN IKGS, VERANDAHS, FLAGS, BAGS, TENIS, and WAGON COVEIIS. Stencil Cutting and Canvas rrlntlng, 273mrp AWMNGS, WAGON COVERS, BAGS, ETC, If you want an EXTRA AWNING VERY CTTEAP, lei our Awning Makers take the measure, and muke lllromulol ol liiOO Hospital TenUs Intel y purchased bv us. in mi v ol which are new. and the liesl 12-oz. (lurk. Also, liovemiuuul Waddles and Harness of all kinds, etc. etc. FITKINS & CO., . 3 13 1m Nos. IB7 and 389 N. FRONT Street. FERTILIZERS. J jtf M 0 MATED PUOSril ATE, AN I'SSUtPASSED FEKTILIZEK For Wheat, Corn, Outs, Potatoes, Grass, the Vegetable Garden, Fruit Trees, Grape Vines, Etc. Etc. This Fertilizer contains Ground Bone and the besl Fei tllizinjf baits. Price m per ton of 2000 pounds. For sale by the manufacturers, WILLIAM ELLIS 4 CO., Chemists, 1 28mwf? No. 721 MARKE'f'streeU Ku llorcilESNl T -treet. E. M. NEEDLES & CO. Will open ut this location In a few daya A IIAXDMlUt: ASMIKIHK.XI I of : WHiTt: ;oois, j KMUItOIDEKII'.N, lIAMUKEKt'llIKFN, VEILS, ETC. ETC., selected by one of tho firm in the r.lltOJ'EAN MARKETS. pEIRCE'S PATENT SLATES, Wi'Tinied superior lo any others In use. LIGHT! KOIMEEE.SS!! DlKABLEt!! Cannot be broken by fulling, and Hi EVER BECOME tiEOSHY. These Slates have been unanimously adopted by the niiRrd ol Control for use in the J'uliliusScboolsIn Phila rii?ihlii. and also by the school authorities or llaltl nwVraaiid WasliiiiKloii. Also more ut.K H PATENT bLATB SURFACE. The only l atent WUirie Surface for blackboards now kiora the DUbllo. Warranted to give satisfaction, belore me v nkwTO.V FEIHCK & CO., No. 427 N. ELEVENTH Street, Caution, Beware of the Imitation Books and pasteboard Slates offered by agouti, and which are ,uiti. to resemble in appearance our slated goods. package is labelled aud marked, ral alentod February .0. JooJ. 1 1 iiuwain rp ", J"J ',. ' 0,, f-t - 'i. FINANCIAL. p E N N S Y L V A N I A " STATESMAN. PROPOSALS FOR A LOAN OF $23,000,000. AN ACT TO CBJJATK A 10AW F0K THK HON OF THE OVEKDUE BONDS OF THE COMMONWEALTH. Wherein, The bom's of tlie Common wa titU ami certam conlflcatpa of luclebtluefw, Bn.ounting to TWENTY-TIIUKF. MILLIONS OF DOLLARS, have beeu ovcriiue aud unpuM for Borne time pnst; j4fio! whereas. It In desirable tliat the name rttiould be paid, a ud witudru wu lrom the imu net; therefore, Hi'i't.iou I, lie it ennrJert by the Senate awl Jimut OJ J;i-jre.jeitittivea 0 lite VommonueiiUh of 1'cnn syviniu in U-neral Assembly met, and it. is hereby enacted bu 'e authority of the same. That the Ciiiveiiioi, AiKlllor-Uciitral, ami .suite Trea nurrr be, ntitl are hereby, authorized aud em powered lo lionow, on, Ihe fultli of the Com tuoiiwealth, In mich amouut.s aud with mich liollce (not Iphs than forty ilnyHl ti they may ileiiu most expedreut for the interest of the Hinte, iwenty-lliree mllllotiH of iiollurs, aud lisue certificates of loan or bonds of the Coin tiKHiwealtli for the same, bearing interest ut a rale not excietlinn six per centum per annum, pnyable Minl-iumunlly, on the 1st of February anil 1st of AukusI, in the city of Philadelphia; which certificates of loan or bonds nhnll not, be subject to any taxation whatever, for State, municipal, or local purposes, and Khali be paya ble us lollows, namely: Five millions of dollars puyable at any time after tlve years, aud within ten years; eiht millions of dollars paya bleat any time alter ten years, and within fif teen years; h nd ten millions of dollars at any time after fifteen years, and within twenty-five years; and shall be sinned by the Governor and btate Treasurer, and countersigned by the Auditor-Genera), and registered in tho boolcs of the Auditor-General, and to be transferable ou the books of the Commonwealth, at the Farmers' and Mechanics' National Bans: ot Philadelphia; tho proceeds of the whole of which; loan, Including premiums, etcetera, received ou the same, shall be applied to the payment of the bonds aud certificates of In debtedness oi me commonweanu. Section 2. The bids for the said loan shall be opened in the presence of the Govei nor, Auditor-General, and Htate Treasurer, and awarded to Ihe highest bidder: Provicterf, That no cei till caie hereby authorized to be Issued shall be negotiated for less than its par value. Section 8. 'I he bonds ol the Btate and certifi cates of indebtedness, now overdue, shall be receivable in payment oi the said loan, under such regulations as the Governor, Auditor General, ami Ktate Treasurer may prescribe; and every bidder for the loan now authorized to be Issued, shall state iu his bid whether the same Is payable In cash or in the bonds, or certificates of Indebtedness of the Common wealth. Hection 4. That all trustees, executors, admin istrators, guardians, agents, treasurers, com mittees, or other persons, holding, In a fidu ciary capacity, bouds or certificates of Indebt edness of the Htate or moneys, are hereby aut horized to bid for the loan hereby authorized to be issued, and to surrender the bonds or certificates of loan held by them at the time of making such bid, and to receive the bonds authorized to be issued by this act. Section 6. Any person or persons standing in the fiduciary capacity stated In the fourth sec tion of this act, who may desire to invest money in their hands for the benefit of the trust, may, without any order of court, invest the same in the bonds authorized to be issued by this act, at a rale of premium not exceed ing twenty per centum. Bection 6. That from and after the passage of this act, all the bonds of this Commonwealth shall 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 State, municipal, or local taxation, after the interest dne February 1st, one thousand eight hundred and sixty-seven, shall have been paid. Section 8. That all existing laws, or portions thereof, inconsistent herewith, are hereby re- Pealetl' JOHN P. GLASS, Speaker of the House of Representatives. L. W. HALL, Speaker of the Senate. Approved the second day of February, one thousand eight hundred and sixty-seven. JOHN W. GEARY. In accordance with the provisions of the above act of Assembly, sealed proposals will be received at the Office of the State Treasurer in the city of Harrlsburg, Pennsylvania, until 12 o'clock M., of the 1st day of April, A. D. 167, to be endorsed as follows: "Proposals for Penn sylvania Slate Loan," Treasury Department, Harrlsburg, Pennsylvania. United States of America. Bids will be received for i5,00O,0O0, reimbursa ble In five years and payable In ten years; tK.CHlO.OOO, reim bursable in ten years, and payable iu fifteen years; and 810,000,000, reimbursable la fifteen years and payable iu twenty-live years. The rate of Interest to be either live or six per cent, per annum, which must be explicitly stated in the bid, and the bids most advanta geous to the State will be accepted. No bid for less than par will be considered. The bonds will be Issued in sums of 850, aud such higher sums as desired by the loaners, to be free from State, local, and municipal taxes. The overdue bonds of the Commonwealth of Pennsylvania will be received at par la pay ment of this loan, but bidders must state whether they intend to pay in cash or in the overdue loans aforesaid. No distinction will be made between bidders paying in cash or overdue loans. JOHN W. GEARY, Governor of Pennsylvania. JOHN F. HARTRANFT. Auditor-General W. H. KEMBLE, State Treasurer. N. B. No newspaper publishing the above, unlets authorized, will receive pay. 2 7 7 3-10s, ALL SERIES, CONVKKTKD INTO Five-Twenties of 1865, JANUARY AND JULY. WITHOUT CHARGE. B0ND8 DELIVERED ,IMMEDIATELT. DE HAVEN & BROTHER. WMr UAH SUPTH THIRD St A u c U S T SEVEN-TIIIHTY NOTES, ((I.Wf KTtI) WITHOUT CHARGE IKTO THE NEW HVK-TWENTT GOLD IATEBENT BONDS. Large Hoods delivered at once. Small Bonds fur bished as soon as received from Washington, JAY COOKE & CO.. 8 tf No. Il H. THIRD WTHEET. FINANCIAL. jyEW SIX PER CENT. UEOISTKUKL) LOAN OK TtlB LHUGII COAL AND I'AYIGATION CO DUE IN 1S97. INTF.HEST PAYABLE QUARTERLY, FItKi: OF UNIT ID STATES AND 1ST ATI1". TAXEH ion StLE AT THE OFFICE OF THE COMPANY, WO. 11 SOCTII KIXOKfn KTBF.ET. Thin I.OAK is necured by a First Mortgage on the Company's Kallroni), constructed, and to be con structed, fxtrndltiK from the southern boundary of tlie borough ofMmicli flnuilc to the Delaware River at Kaston: Including their bridge across ttiesaid river now In process of construction, together wllb all the Company's rights, liberties, and franchises appertain ing to the said Knllrnud and lirldge. Copies of the niortKHge may be bad on application I the Oilice of the Company. sOLO0!( ftllEIMIERn, TREASURER. 2 ?Stf JayCooke &p. 112 and 114 So. THIRD ST. PHILAD'A." dealers in all Government Securities OLD D-QOs WANTED IN EXCHANGE FOIt NEW. A I.IItEBAE IIHFI Uliyti: ALLOWED, Cciiipciiiid Interest Aoies Wanted, INTEREST ilJ OlVlll ON DEPONITS. Collections mode. Stocks bought and sold on Commission. Special business accommodations reserved for allies. u 24 3m4p pm S. PETERSON & CO., No. 39 S. THIRD Street. GOVERNMENT SECURITIES OF ALL KIN DM, AND NTOCHM, BONDS, ETC., BOUGHT AND SOLD AT THB Philadelphia and New York Board of Broken. C03IPOI7ND INTEREST NOTES WANTED; DRAFTS ON NEW YORK Alwayn fbr Rale In tim to unit pnrrhaflom. ft an ton 7 3'IOS. SEVEN - THIRTY NOTES CONVERTED WITHOUT CHARGE INTO THE NEW C OH. BONDS DELIVERED AT ONCE. COMPOUND INTEREST NOTKS wanted at uigheflt market rales. WM. PAINTER & CO., 12 awtm NO. SB SOUTH THIRD ST. V Ranlcers rb gfo. sd m., sjfaAAa.lL m tZrfA in. flL. gf. gfecutxlleA and olelnn. QxcharLae, and rn-rrnAcU af gftcxh and cd jralLcirLQCA in (cJjz cltleA. fflcaunU af Z&anJeA and (S-ctnJU lerfuted an LLuelaJ LclrriA. fIRST-CLAU SEVEN PERCENT. BONDS. S or tli Uiiitouri First Mortgage Seven Per Cent Bond for tale at 8 5. All Information cheerfully Riven. JAY COOKE & CO., BAHKEBS, No. 114 South THIRD St. 121 2m NATIONAL i A. A. A. t 1J1 J X-J AJ A. - Not. 809 and 811 CIIENNUT Street, PHILADELPHIA. CAPITAL, 500,000-FUI.L PAID, DIRECTORS Jos, T. Bulley, Kilw. Jt. Orne. Nutbau HUles, William Krvleu, Rttin'l A. Blspham. tiSL'Dod Welsh. Fred. A. Hoyt. li. Kowland, Jr., I Wiu. K. Kliawn. PBFSIDENT, WILLIAM H. IIHAWN. CASHIKB, JOSEPH P. MXJMKORD. fl 81 m REMOVAL. DREEB A PEARS REMOVED TO NO. 4 PKUNEttreel. DKEl-JK 4 8KAK8, formerl oi GolrttmilUi'B Hall, Library street. Imve removed t No. 412 1'HUNK tsireel, between Fourth and i'lit Ktreela, where tiiey will continue their Manufactory of Gold Chains, Hi itcelets, etc. In every variety. AtoO the sale ot tine Hold, Bilver, and Copper. Old Gold and hllver bought. JanuaryJ.JM7. I lm CUTLERY, ETC. O U T L ERY. A II I1D IKNK lHIIOIIWi"- I-Ai-i.1 AMU TAILORS' BHlW.m. .( Iff ' I I