The evening telegraph. (Philadelphia [Pa.]) 1864-1918, March 15, 1867, FOURTH EDITION, Page 2, Image 2

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    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.
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Bold by all dragKlntfl at II per bottle.
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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
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will cure every lorm ol Itch, and is superior to any other
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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
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lLiak.vrup bating stood the test oi many years' ez
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DTOTT CO
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feOLD BY ALL LRUOOITS.
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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