THE DAILY E"S "EKlKG TELEGRAPHPHILADELPHIA, MONDAY, JUNE 24, 18G7. 6 THE CITY PULPIT, FAREWELL HE11MON. Pisco-" y n.T. n. Jeffrey., d. d., tn, Fourth BptlilCIiarch. Delivered Trsterday Mornln. rsnet TAr-rnoNooRAruio retort for evening 1 TKl.EGKAm. Ect. Dr. Jcffrejs, having been the Tastor of this Church for the past ten jears, has accepted call from Chicago, and will shortly enter upon Llaiiew pastorate. He yesterday mornlntf de livered his farewell address to an exceedingly large congregation, which we print In full lielow. "Wuprelore. my beloved, fi" ye bare always obeyed, mot as lu my presence only, but now imioU more lu Sfy absence, work out your own salvatiou with fear ireu!bllng.-PhillpplaM 11. 12. The Apostle Taul cherished towards his brethren at Puilippi emotions of peculiar tender ness. Throughout this epistle he breathes the ardor of a strousr personal attachment. And among tho influences which had nurtured this affection were the manifestations of oouside ratcness which they had shown to him person ally, and the readiness with which they had received and heeded his ministerial Inctruc lions. They Lad "always obeyed" the claims of the Gospel as he had explained and enforced them. Tliey had confided in him as their spiritual guide, had given to his teachings a reverential regard, and seconded all his plans for their culture and enlargement. In this respect the contrast between their treatment of him and that of tho Corinthian church was very grateful and precious. This latter people had disputed the genuineness of his claim to be an Apostle, had impugned tho Integrity of his character, had turned the wor ship of God into scenes of contention, and de graded the sacred appointments of the Lord's Supper into bacchanalian revel. It is not strange, therefore, that the venerable Apostle should find special pleasure In contem plating the cheerful, thoughtful, and abiding friendship and devotion !of his Phllipplau brethren. Nor Is it surprising that with an affectionate emphasis he calls them his "be loved," should yearn with solicitude for their well being while absent from them, and count them as his joy and rejoicing in the day of the Jjord Jesus. But in proportion as bis labors among them had been fraught with such blessed results and precious associations, did his anxiety tor their welfare agitate him, now that he was away from them. While he was with them, his ministry had been a help to their piety and efficiency; but now that they were deprived of his own and similar ministrations, they must needs under take to "work out their own salvation" under circumstances of discouragement that might well excite their "fear and trembling." Like sheep without a shepherd, they must find their own pasture, and organize themselves for pro tection against beasts of prey; like an army without a leader, they must fight under mutual arrangements and a common impulse. It is true that Paul did not regard tbo minis try as indispensable to the life of a church and the salvation of men. It was not the sole and necessary channel of divine grace, without which Uod would not communicate spiritual blessings to His people; nevertheless, it was an appointed, or Jerly, and highly important agency for dispensingthe gu ts of solvation, the guidance of Christian effort, and the culture of Christian character. The Apostle nowhere teaches the notion of congregational self-sufficiency, self direction, and self-assertion. On the contrary, he represents the Church as a flock needing shepherds, an army needing generals, a society needing governors; and he sets forth that the ministry was instituted specially to watch for souls, and to labor to present every man un blamable before God. lie enjoins on the part of ministers faithfulness, watch, care, and self sacrificing anxiety, lest any fail of the grace of God, and on the part of the flock that they obey them that have the rule over them, and submit themselves, lor they watch tor souls as those that must give an accouut; and he exhorts that the people so deport themselves towards their pastors, that they may jrlvn an account of their flocks with joy and not with prief. Paul's Idea of a Church wait that of a body to be watched over, ministered unto, guided, and developed by tho special services of an order 01 men cauea ana set apart. iur iuu particular purposes of "perfecting the saints, the work of the ministry, and the building up of the body of Christ." For "He gave some," not all the members of the Church, to be "apos tles," aud "some," not all, to be "evangelists," and "some," not the entire brotherhood, to be pastors and teachers." And God hath these "gome" as limbs are set in the human body, each to do its part and co-operate with every . other for the common end of bringing all in the unity of the faith and of the knowledge of the Bon of God, unto a perfect man, unto the mea sure of the stature of the fulness ot Christ," The fact that Christ has instituted the rala istry for these purposes is itself proot that they may not ordinarily be as well attained without it. If He has appointed teachers in the Church, the presumption is that His desciples cannot as easily teach, themselves; if Christ has consti tuted shepherds, the presumption is that the sheep are not normally prepared to take rare of - themselves; if he has ordained elders or over seers, the presumption is that tnings are want ing in that Church that chooses or is compelled to do without them. And whenever a Church finds itself In such a calamitous exigency, it must work out its own salvation. And as Paul thought of the hazard . of such an undertaking, the liability of the lambs of the flock to wander, of the factious tn nwntf rilflRPTlnfnna nf this urrtlvea tn pnt.nr thp fold, ot even the most earnest to fail ot accom plishing grand results, his solicitude tor his rhilippian brethren prompted him to deplore this deprivation, and to beseech them, if needs be they must workout their own salvation with out such aid, to do so "with fear and trembling." I have selected this text for this morning in the same spirit in which I conceive the Apostle uttered It. I stand to-day be I ore a congregation of ChrlBaa whom I may without affectation or duplicity address as "my beloved." I came to this church nearly ten years ago, and It were hardly to be supposed that any one could have remained the pastor of ono church, and have preached from one pulpit, for so long a time - without bringing his ministry to a close amid associations of the tenderest remembrances. A pastor's life is crowded with incidents that appeal to and elicit his own affections and those of his people. The bond of the relation is that f love, and all the ministries of that relation tend to quicken and strengthen the bauds that bind the hearts of pastor and flock. All the possibilities and tendencies of the pastoral relation have been fully realized in my experience with this church. In the families f many of you I have ministered in the alter nate scenes or joy ana sorrow, wnue to very many ol you I am associated in the holiest sanc tities of service amid tbe struggles of conviction for sin, the hopes of pardon, and tbe eolemni. ties of a Christian profession. All such are pre eminently tender to me, and tbe trials incident to my pastorate here have only served to en hance the anticipated rapture of being recog nized by Christ as tho humble agent through whom so many have been led to trust in His name. And the remembrance of those trials trials, alas I from mistaken, and, in some cases, from "false brethren" only serves to give greater preciousness to the love I bear to jou. My dear ChrlmiRn friends for you have trusted me when others doubted, when forsaken by those whose suppoit I had a right to expect you nobly gave your support, sympathy, and co-operation. And without these I had sunken in the day of my calamity, and my arm had been powerless to achieve tbe many glorious things which God has accomplished through my instrumentality. Yo my brethren, have been my comfort, my Joy and in that day when Cbrtat shall bestow a re ward on him who has given a cup of cold water to a disciple, you shall share in the radiance of my crown, and your eeal and devotedness shall be had in everlasting remembrance. Yes, brethren and sinters, ye are "my beloved," and though it is possible that I may iu the fu ture form many endearing ties, it is not possible for circumstances so to recur as to make any mew associations so render ana so lusung as thoce which bind me in personal rememhrance to the dear people to whom I am about to say farewell, lielovcd, indeed! By the memories of the many seasons in which we have prayed, and labored, .and taken sweet counpcl together by the mem'oiics of those dark hours in which the light of God's approbation was reflected In tho smiles of your comfort and support; by the memories of your many sacrifices in behalf of the cause committed to jou; and by the memo ries of jour unwavering confidence in me, thtough evil as well ns through good report, well may I call you "my beloved." Wheu tbe tRintness of death shall settle upon me, I shall whisper your names as "my beloved;" in the morning of the resurrection, next to an ador ing vUion of my Saviour, I shall look for you among the blood-washed throng, shall hnsten to present you as the brightest jewels in the crown 01 my rejoicing, me moat precious seals of my ministry, and Joy to hail you, as we walk the green pastures of Heaven, forever and forever as "my beloved." And I can tnkeup the further utterance of the Apostle, and sav ot you, my beloved, that ye "have always obeyed in my presence." You have given to my ministry among you a cheer ful and gospel obedience. Personally I have not been as wise as more experienced brethren, nor as capable to achieve as were some of you, nor have 1 been armed by the Saviour with authority to overrule your judgments, to coerce your consents, or to exact your labors; but hav ing chosen me to be your pastor, your overseer, jour gwide, and your teacher, you have given to me your confidence and your co-operation, sustaining me and my measures for your de velopment, encouraging me by your counsels, shielding me when assailed, comforting mo when cast down, and throwing the mantle of charity over my delects. All this ye have tloue because ye were obedient to the truth, because ye were loyal to Christ, and because you have seemed to realize that the efficiency and success of the nmn you had cnosen to be your pastor depeuded as much, and in fact more, on your co-opera' ion than on his own single exertions. And jour obedience to the Gospel has been the mote striking because of the distinctive character ot my preaching. I have not sought to enteitain jou with cunningly devised tables, nor to gain a congregation by smooth utterances, flowery speeches, and scneatfonal topics. Rather, I have told the story of salvation with a plain nets and straight-forwardness which has ren dered my ministry less pleasing to many. And still, I nave had throughout these ten years attentive congregations, and for the most part this large audience-room has been filled with the crowds who have continued to attend upon my ministry. Nevertheless, I take you to witness this day, my hearers, that I have not shunned the whole counsel of God, whether meu would hear or whether they would forbear. I .can say, truthf ully, that I have sought to know nothing among you save Jesus Cbiist and Him crucified. Christ nas beeu the constant theme of my pulpit ministration. I have set Him before you as the Atoning Saviour of men, the Lamb of God that taketh away the sin of the world. I have endeavored to untold the doctrine of Christ, in His relation to the guilt and helpless ness of the sinner, an J as the only and sufficient source of pardon, peace, and eternal lite. I have sought to display the glories of His person, the wonders of His love, and the blessedness of that righteousness which He wrought out for His people. I have besought men to be recon ciled to God by believing on our Lord Jesus Christ. More than this, I have conceived that the doctrine ot Christ crucified was a practical remedy for tho ills of life, a disinfeetant of social corruption, and the inspiration of a true civili zation. Therefore I have not hesitated to apply the principles of Christianity, in regard to jus tice, liberty, loyalty, and brothernood, to the peculiar exigencies that have been brought out by the terrible conflict through which the coun try has been passing. ; As might be expected, this characteristic of my ministry has excited much opposition, and exposed me to malignant vituperation, especially in the first stages of the country's struggle. And 1 have jrtioularly noticed, although I have had severe trials, ostensibly on other issues, that they culminated when the excite ment of the country concerning slavery was at its height, and that tho bitterest and most unscrupulous leaders of the faction against me were men whose chief claims to Dietv consisted in their sympathies with Rebels and their hatred of the negro. So lar as they were concerned, my mislortune has been that! was not a Copper head, and my crime has been that 1 was a friend of the slave. Yet just here I ought to make an important qualification. Throughout my ministry I have been sustained by brethren whose sympathies concerning slavery have been directly opposite to my own. But, to their honor be it said, they have been proof against the seductions of political partisanship. Recognizing the right of every man to tbe undisturbed enjoyment of his own opinions, and respecting the honesty of my own convictions, and withal too noble, too generous, too gentlemanly to make their pastor an offender tor a word ; and imbued too much, moreover,with the spirit of Christian considcratenees to neutralize the general dritt of my ministry on account of an incidental and minor difference, they have stood in the front rank of my supporters, defending me from every assault, and cheering me with the kindly emiles of their affectionate confidence. For all this, my thanks, though burdened With grateful recognitions, are an inadequate compensation. In that day when the smallest service done to a disciple in the name of Christ shall not be forgotten, ye, my brethren, shall in no wise lose your reward. A brief reference to tbe important facts of your history during the past ten years may be specially mentioned as the grand monuments of your self-sacrificing real and cordial co-operation, and as the lasting proof of your obedience to the Gospel and the will of Christ. First of all, I cite the facts of your financial history. When I came amongyou ten years ago, I iound you struggling under the crushing burden of a debt ol about twenty-eight thou sand dollars. I say crushing debt, tor the men were very few who possessed much of this world's goods, and they felt that the demands already met had exhausted their capacity to do more. Besides, you were involved in the meshes of a vexatious and tedious lawsuit. At length the suit was decided In favor of the church, and netted them five thousand five hun dred dollars. An effort was made to reduce the remaining indebtedness, and after a protracted struggle we succeeded iu raising about six thou sand dollars in contributions, which, with the results of the lawsuits and savings from the income, diminished the indebtedness to about one-tiau its original size. , This was your financial condition about four years ago. Then came a period of terrible trial to the integrity ol the church and the courage of the pastor. To a stranger, as be witnessed the crowds that thronged my min istry the order and efficacy of every depart ment of church Kcrviop. it. aoinipA thut 1 m sailing on the topmost wave ol popularity, and ir.. . j was a coucn oi morales" roses. t., 5ear before this an undercurrent of TX. ,v"fta been Ht work which warned me IZ s i e ahernative of retiring while the ?.y,i- . r na cloudless, or of walling till a T.??,.orBJ .Hr ftRult should break upon me. fln r Lthe.recUtude of m' intentions, t.ti r?f.Vhe btrer'Kth of order over taction nrmpfiil fit Inn suit. .. . r . ZrL i Th J "."FJ 01 ve over uu us 1 L' ZZVa "Vu,uuu not 10 be a hireling nihil vmilrt run tu hen n v v . iJ, . i .1 .ue woir was coming, but lather to abide the issue of the conflict At length the storm burst forth nnrt i,.r a time I was appalled at tho terribleuess of the blast. Good men lent a willing ear to false rumors, men whom I had counted brave to do right prew timid, and faction, working secretly and fighting unscrupulously, became flushed with tbe exultant anticipation that I would bo driven forth with dishonor, and that it would cam thn mAstersliin Of the situation. And when the storm of that terrible night of trial naa spent us mry, it whs aauertainea that many had been swept overboard, but they were the persons who either in weakness or wicked ness had sought to gum possession or the uip Din the old ship itself was mint side up, not plank sprung, not a spar lost, and as the sun one on the succeeding day she beheld that sbi with sails all spread to a refreshing breeze, and the posts made viicant by the portion of the missing crew Instantly manned by the brave hearts and hands who had saved her from dis aster, had protected its captain, brought to nought the counsels of the mutineers. The battle thus fought was for principle, and right gladly did you, my brethren, prove that a 11h ptlet minister has rights which a Baptist church is bound to respect. And I here publicly and without reserve make my acknowledgments of gialciul indebtedness to you who so nobly sustained me In that conflict, and so bravely de fended me from the deadly assaults which vitu- fterative malienity made opon me. And thou?h t was confidently predicted that your triumph would be a barren one, that you would be unable to support me, and that those who had gone out would be compelled to return In order to savo tne property, yet you scorned to put such con siderations of policy in the balances against right prlrciples and a worthy cause. You trusted in God, and dared to do right; and most gloriously has uod justinea ana rewarded your confidence tn His overruling Providence. Tbe year following this period of assault found Zion diminished in numbers and wealth, not only because of tbe party who had withdrawn in tbe spirit of faction, but because many worthy and Important lamilies had begun to remove to distant parts ot the city. Burdened with a debt of fourteen thousand dollars, bo sides the assumption of another thousand for tne improvement in rront ot the church edifice, sufleriug under the exhaustive drafts of the war, and the enormous cost ol living, and withal deprived of the strength of my services by reason of sickness, so that had you not been a band of brave and noble-hearted believers in the promises of God, jour own apprehensions must have sympathized with the vauntingsof tour enemies, and nuestioned the Dossibiliiv of sustaining the church on the basis of its former expenditures. Behold then what God hath wrougnt! and let every henrt ascribe a new song of gratitude to His goodness. Let the timid learn another lesson in the strength ot right principles, and let doubting ones know that a God that hearcth the supplications and rcwardeth the faith of His ser vants still sits upon the throne. While the church was in a condition of undisturbed pros perity, when men were in it who were reputed to be the backbone ot its wealth and the standard-bearers of Its responsibilities, it was able to raise a contribution of only about six or seven thonsand dollars towards reducing the Indebt edness, and even this financial feat was achieved by paring down the current expenses, and espe cially the pastor's salary, to the minimum residuum, after every other demand had been provided for. But during the past three years this church has cancelled an indebtedness of fourteen thou sand dollars; has nearly paid a thousand dollars on the front improvement, has added a thou sand dollars per annum to the pastor's salary, has raised the other salaries in proportion, has quadrupled its contributions tor benevolent purposes, besides elving between two and three thousand dollars for specific objects. It is within Dounus to say, mat tnis cnurcn nas raised and contributed during the ten years of my ministry more than nine thousand dollars Eer annum. So much as to your financial con it ion. But vour obedience to the Gospel has been no less illustrated in the blessing with which God has crowned your spiritual endeavors. In Octo ber, 1857, the month in which I became your pastor, jou reported a membership ot ma per sons. During the ensuing winter a revival occurred, which resulted in the baptism of ninety-five converts. In the year 1863, you re ported anotner marveuous wont or grace resulting in the baptism of 139, and in the year 18G6 you reported, as the crowning exhibition of God's mercy, tbe baptism of 198. Not a year nas paseea in wnicn i nave not oaptizea some. And now. as I bring my work among you to a close, I am permitted to state as the grand sum mary oi results, mat since i came among you 1 have given tbe hand of fellowship to 749 per sons. 630 of whom I have baptized. Despite the numerous calls that have occurred by reason of death and removals, tne church which tea years ago numbered 388, has to-day a mem bership of 707, and occupies an elegant and commodious nouse or worsuip, suDstantiany free from debt. Besides, she has sustained three students, who are now settled iu the ministry, and is supporting two others at the University, in their preparation to preach the gospel. I should not be honest were I to affect that there were none In this large church who were disaffected towards me, and are desirous of a "change;" but I should be equally dishonest were I not to say that their numbers and im portance aro so inconsiderable as to constitute not the slightest element in my decision to leave. On the contrary, never was there a time when l could anticipate so agreeable and eth rlcnt a pastorate as at tbe present moment. Your debt paid, your congregation large, your offer of support equal to my current necessities, all the offices filled by men who are loyal to the highest welfare of the church, bound to so many of you by ties of tried atlcction, it is not possible this side ot tieaven to hope lor associa tious more congenial or more inviting. Nor cou)d I, for tbe same reason, desire to leave you under circumstances more lavoraoie tor my successor. . Why. then, some may ask. do I propose to leave? Mv answer in general to this auestion is, that I have a conviction that God, in His providence, is calling me to do an important work in another and a distant field. Within tbe past six months 1 have been approached by nve or six overtures, inviting me to positions which ought to satisfy my highest ambition for denominational honors; bu t after canvassing the merits of each, I find myself led to cast my lot with a small and comparatively leeble band In the city of Chicago, who alone are struggling to noid. up me .oapust cause in a community oi sixtv thousand inhabitants. I go forth from you in the spirit of sacrifice and faith, expecting to do hard work for Christ, and hoping that Ills blessing will crown my endeavors. And now. mv beloved, as ye have always obeyed, not as in my presence only, but now muenmorein my aDsence, worn out your own salvation with fear and trembling. Despite tbe encouraging facts that make up your entate at this moment, i cannot contemplate your pastor- less condition without solicitude. At tne best, no church can ordinarily accomplish the great ends of church life as well without a pastor as with one. Especially is thts true ot a church which rests the sovereignty of administration In the immediate will or all the membership. What is everybody's business is likely to become no DOdy's. important enterprises are naeiy to De neglected because few feel willing to assumo unauthorized responsibilities. TUose who need the help ol a stated ministry are apt to suffer loss the vounar wander, the sick and sorrow ing pine for want ot consolation, the unruly puious piot ana counterplot to gain mumer enas. All these liabilities are enhanced in your case because some of the disaffected that have left you seem to be in league with the lew dis arlected tl.at remain with vou to revenge them selves on those who have stood by me, and, if possible, subvert the policies under which you are now organized, j. sjmpaiuizi, meieiure, with the anxious forebodings which Paul ex pressed to the elders of the Kphesian Church, for I know that, alter my departure, shall grievous wolves come in among you, not spar ing the flock. And ol your ownseives, also, shall men arise speaking perverse things, seek ing to draw awav discinles after them." From all such, my beloved, turn away. Give them no heed. blJ avoid them. In addition to these couFiderations,I am sllectcd by the thought that to many of you I have been your only pastor. But this is my consolation, that yon will not be neesssarily deprived of the watchful care of tuo great buepherd and Uisnop of jour sorts. Jesus still lives and walks aniOLg the goldeu candlesticks. To Him, therefore, and to the word of His grace, I oommend you, praving mat my oepanure will tura out for the fuither ance or tue gospel among you. Suffer then few words or advice irom one whose voice, as your Pastor. SOU Will soon pphh tn hPr. k'ir.t of all, let tne entreat jou to set about securing another pastor. When you proceed to choose a pastor, avoid partisanship; especially let the uiiuvinj, u luiuvinjr vuere snouu be, be gene rous In giving unanimity to tho call, and In assuring the person chosen of your purpose to co-operato in good faith. And when your new pastor comes among you, treat him as wcli as ne most oi you nave treated me, in the meantime, study. I bci: of vou. tnose things which make for jour peace, whereby on may ediry one another. Bo at peace among yourselves and may the God of peace sanctify you wholly. At tbe same time be firm in main taining tbe discipline of the Church and the order of the House of God. Especially let me exhort you all to be constant lu jour attendance on the wees nay ana Minaay services in the Interim. Let none of you be lea into the manner of staying away from church because of the un certain character of your supplies. l desire, aDove au things, that none or you will carry Into your future counsels a remem brance of past differences. Forgetting the things that are behind, press forward to grand and united achievements tor unrist. ror tnyselt. have no animosities to cherish, no grievances to avenge. The nnpleasaut incidents of my pastorate have been written in sand, and tbe breezes of grateful remembrances obliterate all traces of them from my heart. My enemies I forgive, praying they may find forgiveness at the last day. Among those with whom I have felt called upon to differ are some of noble hearts and good qualities for usefulness, men In whoso piety I have the fullest confidence, whose many excellencies outshine the defects evoked by mutual misunderstandings, and whom I expect to meet in that better world where friendship will not be marred by mistakes, and ail win oe in Hue perieci in love. I cannot realize the tact that in a few mo ments I shall have censed to be your pastor, without finding myself overwhelmed bv a tor rent ot affecting emotions. 1 recall tbe associa tions that surrounded me ten years ago. I remember blasted hopes, disappointed expecta tions, broken friendships. I think of the pre cious ones who have gone to their rest. I look on the multitude of youth whom I have bap tized. Hive over the many delightful scenes of social intercourse. I remember how fondly I have sometimes imagined that I should con tinue to be your pastor till many of you would be followed to your graves by me, ana I In turn should pass from this church to the Church above. I look forward to the day when I must give an account of my ministry. I deplore my mistakes; I confessmy sins; I ask for your pray ers, ana peseecn uou mat. at tne tost, in tne summing no of the results of mv work among you, it win De louna tnat i nave not laoorea in vain, l asic tnat uoa win Destow upon you, one and all, old and young, parents and children, young men and maidens, tbe choicest blessings of His providence and grace. I plead that those of you who have hitherto resisted the overtures of the Gospel may under tbe ministry of another be led to give your hearts to Christ: and. finally, when the toils and cares and duties of die's journey wit a each oi us are over, x trust we may all meet again, "meet ne'er to sever," meet to loin In the ono song of praise and thanksgiving to our common Redeemer, and meet wnere "No farewell sound is ever beard, Not e'en the word 'good-bye.' " GROCERIES, ETC. THE " EXCELSIOR" HAMS, SELECTED FROM THE BEST CORN-FED BOeS, ARE OF STANDARD REPUTA TION, AND THE BEST IN TUB WORLD. J. H. MICHENEIt & CO., CENEBAIi PROVISION DEALERS, AND CURERS OF TUB CELEBRATED E XCELSIO Xt" SUGAR-CUBED IIABIS, TONGUES, BEEF, AND Nos. 142 and 144 N. FRONT Street. None cenulne unless branded "J. H. M. fc Co.. KX- CBLfc10it.,, Tlie Justly celebrated "EXCELSIOR" HAMS are cured by J. H. M. A Co. 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Having now completed our arrangements for a tuU supply ol Ice, we are prepared 10 enter Into contracts With large or small customers lor a pure article, with guarantee ot being supplied promptly lor tne season Wagons run dally In all paved limits or tne eonson dated city. West Philadelphia, Mantua, Tluga, Prank inrd. HridPHburs. Itlchmoud. and Germanlown. A trial is asked, bend your orders to the Olllce, : No. 435 WALNUT Streot. DEPOTS; S. W. CORNER TWELFTH AND WILLOW NORHI PENNSYLVANIA RAILROAD AND MASTER T.kt. LOMBARD AND TWENTY-FIFTH STS., PINE STREET WHARF, SCHUYLKILL. MEDICAL. MI g H L E & B m HERB BITTER ORIEL BROTHER, . , " OiNWUL 1GKNTS, NO. 1 U. biXTJtJiiNTH Biroot, ' i'hllaaulpliia, Pa. All orders promptly attended to, and delivered fr olchaigWllP'"tol the city. ftatiul FINANCIAL. (I O T I O E TO THE HOLDERS or OVERDUE LOANS of rail Commonwealth of Pennsylvania Holder of the following Loans ol the Common wealth of Pennsylvania can receive payment (prin cipal and Interest) by presenting them at the FARMERS' AND MECHANICS' NATIONAL BANE, ton and after MAY 20, 1867:- Loan of March 24, 1328, due December 1, 1&3. Loan of April 22, 1829, due December 1, Loan of April 16, 1845, due August 1, 18o3. Loan of March 21, 1831, due July 1. 1&6. All of the above Loans will cease to draw lnterea after August 1,1867. JOHN W. GEARY, GOVERNOR. JOHN F. HARTRANFT. AUDITOR-GENERAL. WILLIAM II. KEJIBLE, 6 1 Wfni34t STATE TREASURER LU7 OT ATE LOAN, THE NEW SIX PER CENT STATE LOArJ, Free from all State, County, and Municipal Taxation, Will be urnlBhed In stuns to salt, on applica tion to either of tne undersigned: JAY COOKE A CO DREXEL A CO., ee lm4p E. W. CLARKE A CO. THE UNDERSIGNED HAVE URCHABBDTHB NEW SIX PER CENT. REGISTERED LOAN Ot TBI LEHIGH COAL AND N A VI OA TION COMPANY, DUE IN 1897. INTEREST PAYABLE QUARTERLY, FREE OF UNITED STATES AND STATE . . TAXES, AND OFFER IT FOR SALE AT THE LOW PRICE OF NINETY-TWO, ACCRUED INTEREST FROM MAY 1. This LOAN Is secured by a first mortgage on the Company' Railroad, constructed and to be con structed, extending from the southern boundary of the borough of Mauch Chunk to the Delaware River at Easton, including their bridge across the said river now In process of construction, together with all the Company's right, liberiless.and franchises appertain sg te the said Railroad and Bridge, 1 Copies of tbe mortgage may be had on application at the office of the Company, or lo either of the under signed. PREXEL CO. E. W. CLARK A CO. JAY COOKE A CO. 6 lilt W. II. NEW BOLD, SON A AERTSEN. 7 3-lOs, ALL BEItlliS, CONVERTED INTO Five-Twenties of 1865, JANUARY AND JULY! WITHOUT CHARGE BONDS DELIVERED III MEDIATELY DE HAYEK & BEOTKEE 10 2Jrp NO. tO 8. THIRD STREET. (Ja G. 8CCURITICG A SPECIALTY. SMITH, RANDOLPH & CO., BANKERS AND BROKERS, - NO.IdS XniBD STlNO, S NASSAU ST., fHILADK.U'HJA. mw tobjc 1 ORDERS FOR STOCKS AND SOLD KXL CITED IN PHILADELPHIA AND NEW YORK. FINANCIAL; The union pacific RAILROAD COMPANY Are now constructing a Railroad from OMAHA, NEBRASKA, Westward towards tbe Faclflo Ocean, making with Its connections an unbroken line ACROSS THE CONTINENT. Tbe Compsny now offer a limited amount of their FIRST MORTGAGE BONDS, TTavlno thirty veara to rnn. and hMrlnv annual fnt a- rtst, payable on the first days of JANUARY and JULY, In the City of New York, at the rate of SIX PER CENT. IN GOLD, X AT Ninoty Cents on tho Dollar. This road was completed from Omaha 303 miles west on the 1st ot January, 1867, and Is lully equipped, and trains are regularly running over it. The Company has now on band sufficient Iron, ties, etc. to finish the remaining portion to the eastern base of the Rocky Mountains, 11 miles, which Is under contract to be done September 1 of this year, and 11 Is expected that tbe entire road will be in running order from Omaha to Us western connection with tho Central Pacillo, now being rapidly built eastward from tiacramento, Col., during 1870. MEANS OF THE COMPANY. Estimating the distance to be built by the Union Pacific to be 1569 miles, the United States Govern ment issues its Six l'er Cent. Thirty. Year Bonds to tbe Company as the road Is finished, at the averago rate of about 2S,2oo per mile, amounting to fit 208,000. Tbe Company is also permitted to issue Its own First Mortgage Bonds to an equal amount, and at tbe same time, which BY SPKCIAL ACT OF CONGRESS ARE MADE A FIRST MORTGAGE ON TUB ENTIRE LINE, the Bonds of the United States being mboi-dlr note to them. The Oorernment makes a donation of 12,800 acres ot land to the mile, amounting 20,032,000 acres, estimated to be worth 10,000,000, making the total resources, ex clusive of tbe capital, l 18,416,000; but the full value of the lands cannot now be realized. - , The authorized Capital Btook or the Company Is one hundred million dollars, of which five millions have already been paid In, and of which It is not supposed that more than twenty-live millions at most will be required. ' The cost of the road Is estimated by competent engi neers to be about one hundred million dollars, exclu sive of equipment. PB.OSPECTS FOB BUSINESS. The railroad connection between Omaha and the East Is now complete, and tbe earnings of the Union Pacific on the sections already finished for the month ot May were 2C1,78L These sectional earnings as the road progresses will much more than pay tbe Interest on the Company's bonds, and the through business over the only line of railroad between the Atlantic and Pacific must be Immense, VALUE AND SECUBITY OF TIIE BOXDS. The Company respectfully submit that the above Statement of facta fully demonstrates the security of their Bonds, and as additional proof they would sug gest that the Bonds now offered are less than ten mil lion dollars on (17 miles of road, on which over twenty million dollars have already been expenned. On &30 miles of this road the cars are now running, and the remaining 187 miles are nearly completed. At tbe present rate of premium on gold these Bonds pay an annual Interest on the present cost of . NINE FEB CENT., And It Is believed that on tbe completion of the road, like the Government Bonds, tbey will go above par. Tbe Company Intend to sell but a limited amount at thepresent low rale, and retain the right to aance the price at their option. Subscriptions will be received In Philadelphia by THE TRADESMEN'S NATIONAL BANK. DE HAVEN fc BROTHER. TOWNbEND WHELEN fc CO. J. K. LKWA1US A OO. Subscriptions will be received In New York by tbe CONTINENTAL NATIONAL BANK, No. 7 NAS SAU Btreet. CLARK, DODGE & CO., Bankers, No. ol WALL. Street. JOHN J. CISCO A SON, Bankers, No. 33 WAUC Btreet, And by BANKS AND BANKERS generally through out the United States, of whom maps and descriptive pamphlets may be obtained. They will also be sent by mail from the Company's Olllce, No. 20 NASSAU Btreet, New York, on application. Subscribers will select their own Agents, In whom they have confi dence, who alone will be responsible to them for tho safe delivery of the Bonds. JOIIN J. CISCO, TREASUBEB, 61wfsm6t8p NEW YORK. BANKING HOUSE OT Jay Cooke & Co., 11S XD 114 S. Til IK ST., PIIILADA. Dealers in all Government Securities OLD 6-20i WANTED IN EXCHANGE FOR NEW. A LIBEBALDirrEBENCE ALLOWED. Compound Interest Notoa Wanted. . INTEREST ALLOWED CN DEPOSITS. Collections made, Blocks bought and sold on Coininli,eion. Special boiiness accommodations reserved for U C U li T SEV E N-TIl IRTY N Ol E S CONTESTED WITHOUT CITABCiEJ J INTO TTTTC HEW FIVE-TWENTY ClOLD INTEREST. BONDS Large Bonds delivered at once. Small Bond I r. nlshed as soon a received from Washington. JAY COOKK a qo.a 8tf No. IH I, TWIBD STBEET. 7 3'103 SEVEN - THIRTY' NOTES CONTESTED WITHOUT CHABGB USJSa TILE NEW C5 - O i BONDS DELITEBED AT ONCE, , COMPOUND INTEREST NOTES wanted at highest oarket rates. 1 . WM. FAINTER . OO:, 3 Uim NO. SOUTH TIBD ST.
Significant historical Pennsylvania newspapers