WO GF TAB RECONSTRUCTIOJI BILL.
WAn,WOTOHl JnIy ,9t ,Ra7To ,h j, f
representatives of the United State: I return
Im?"C.lDUUe,1 ,An" lo provide lor the more
""''"n' "rnrnmtof ln rhl States,"' paused
on the Sd day of March, 1807, and the ao( soppla.
vl? tberoto, passed on the 83d day of March,
IJ-B7, and will stale, as briefly as possible, iom of
ths reasons which prevent me from giving it my
approval.
This Is one of a aeries of measures passed by
JJongrefs during 'he last four months on the soo.
jectof reconstruction. The messnge returning the
at of the 8d of March last statss at leDgtb my Ob.
jectlona to the passage of that measure they apply
equally well to the bill now before me, and I am
Content merely to refer to them, and to reiterate
my conviction that tbey are sound and uiiaoswer.
able. There are some point peculiar to this bill
Which 1 will proceed at once to consider.
The first section pnrports to declare the true In
tent and meanioft. In some particulars, of the prior
Beta npon this subject. It Is declared that the Intent
of thote acts was, llrst, "That the existing govern
tnents in the ten rebel States" were not legal State
governments; and second, "That thereafter said
governments, If continued, were to be continued
sobjnet in all respects to the military commanders
ot the respective districts and to the paramount
authority of Congress. Congress may, by a de
claratary act, tlx upon an act a oonstructloa alto
gather at variance with Its apparent meaning, and
from the time at least when such construction Is
fixed the original act will be construed to mean
exaotly what It is stated to mean by the
declaratory statute. There will be then, from the
time this bill may become a law, no doubt, no
question as to the relation In which the existing
governments In those S.a'es, called In the original
act the "provisional governments," stand towards
the military authority. As their relations stand
before the declaratory act, these "governments,"
It Is 1rnp, were made subject to absolute military
antbority In many important respects, bat not In
all the language of the act, being "subject to the
military authority of the United States as here
inafter presented."
By the sixth section of the original act these
governments were made "In all respects subject
to the parnmonnt authority ot the Uulted States."
Now, by this declaratory aot it appears that Con
gress did not, by the original act, intend to limit
the military authority to any particulars or sub
jects therein "prescribed," but meant to make It
universal. Thus, over all these ten States, this
military government Is now declared to have un
limited authority. It Is no longer confined to the
preservation of the public peace, the administra
tion of criminal law, the registration of voters,
and the superintendence of elections, bat in all
respects is asserted to be paramount to the existing
civil governments. It is impossible to conceive
any state of society more intolerable than this, and
yet it is to this condition that twelve minions
of American citizens are reduced by the Con.
gress of the United States. Over every foot of the
immense territory occupied by these Amerioan
citizens the Constitution of the United States theo
retically Is in full operation. It binds all the peo
ple there, and should protect them; yet they are
denied every one of its sacred guarantees. Of
What avail will it be to any one ot these southern
people, when seized by a file of soldiers, to asK for
the canse of arrest or for the production of the
warrant! Of what avail to ask for the privilege
of ball when in military custody, which knows no
auch thing aa ball I Of what avail to demand a
trial by jury, process for witnesses, a copy of the
ndlcttneut, me privilege oi counsel, or that
reater privilege, the writ of habeas corpus?
The veto or the original bill ot the -id of march
as based on two distinct grounds: "the interfer-
nceot Congress in matters strictly appertaining to
the reserved power of the States, and the estab
lishment of military tribunals tor the trial of citi
zens in lime of peace." The impartial reader of that
message will understand that all that it contains
with respect to military despotism and martial law
has reference especially to the tearful power con
ferred on the dis'riot commanders to displace the
criminal courts and assume jurisdiction to try and
to punish by military boards; that potentially the
suspension of the habeas corpus was martial law
ana military despotism.
The act now before me not only declares that the
Intent was to confer such military authority, but
also to confer unlimited military autboiity over
all the other courts of the State, and over all the
officers of the State legislative, executive and ju
dicial. Not content with the general grant of
power, Congress, in the second section of this bill,
specifically gives to each military commander the
power to "suspend or remove from office, or from
the performance of official duties and the exercise
Ot official power, any oltlcer or person holding or
1 civil or military office or duty in such district, un
der any power, election, appointmer.t or antnority
derived from or granted by or claimed under any
so-called State, or the government thereof, or any
municipal or other division thereof." A power
that hitherto all the departments of the Federal
government, acting in concert or separately, have
not dared to exercise, is here attempted to be con
ferred on a subordinate military officer.
To him, as a military officer of the Federal gov
ernment, is given the power, supported by a
sufficient military force," to remove every civil
officer of the State. What next I The distrlot cora-
mander, who has thus dieplased the olvil ollloer,
. i A . 4,11 .ha wininfin hv ftia Hntfltl nf nn
IS nniuoriaou iu uu "J. . -
officer or soldier of the army, or by the appoint
ment ot some other person. This military ap
pointee, whether an officer, a soldier, or some other
person, ia to perform the duties ot such officer or
person so suspended or removed. In other words,
an officer or soldier of the army is thus trans
formed into a civil officer.
He may be made a governor, a legislator, or a
judge. However unfit be may deem himself for
inch civil duties, he must obey the order. The
officer of the army must, if detailed, go upon
the supreme bench of the State with the
same prompt obedience aa if he 'were de.
tailed to go upon a court-martial. The soldier,
If detailed to act as a justice ot the peace, must
obey as quickly as if he were detailed for picket
duty W hat is the character of such a military,
civil cfficer'l This bill declares that he shall
perform the duties of the oivll office to which he
fs detailed. It Is clear, however, that he does
nt irate his Tjosltlon in the military service. He
Is still an officer, or soldier of the army. He is
still subject to the rules and regulations whloh go
vern it, and mnst yield due deference, respect and
obedience towards his superiors. The clear Intent j
of this seotlon Is that the officer or soldier detailed
to fill a civil office must execute Its dalles accord
ing to the laws of the State. If he is appointed a
Governor of a State he is to execute the duties as
urovlded by the of tnat Stftt' "nQ tor .,he
lime beio g his military character is to be suspended
in his new civil capaolty. It he is appointed a
State treasurer he must at once assume the cus
tody and disbursement of the funds of the State,
and must perform these duties precisely accord
ing to the laws of the State, for he Is entrusted
with no other official duty or other offloial power.
Holding the office of treasurer, and entrusted
with funds, it happens that he is required by the
State laws to enter into bond with security, and
to take an oath of office; yet troni the begin
ning of the bill to the end there is no provision for
any bond or oath of office, or for any single quali
flcatlon required under the State law, suoh as re
eidence, citizenship, or anything else. The only
oath is that provided lor in ths ninth section, by
the terms of which every one detailed or appointed
to any civil office in the State Is required "to lake
and to subscribe to the oath ot office prescribed by
law for the offioers of the United States.". Thus
an officer of the army of the United States, de
tailed to fill a civil office in one of these States,
elves no official bond and noofficlal oath for the per
formance of his duties, but sa a civil officer of the
State be takes the same oath which he had already
taken as a military officer of the United Slate.
He is at last a military officer perlormlng civil
dalles, and the authority under which he acts is
Federal authority only, and the inevitable result
is that the Federal government, by the agency of
its own sworn offioers, in eltect assumes the civil
government of the State.
A singular contradiction is apparent here. Con
rress declares these local State governments to be
illegal governments, and then provides that the
illegal governments are to be carried on by tede.
ral officers, who are to perform the very duty im
osed on it own officers by this illegal State an
.hnritv It would be a novel specttiole if Congress
ihould attempt to carry on a legal State govern
ment byUW agency of it. officers. It Is yet more
fJangs i that Congress attempts to sustain and car
ron an Illegal State government by the same
Federal agency. attention to the
. .h .nd eleventh sections ol the bill, whloh pro-h-.
that none of tho officers or appointees of
vides tnat . ...hn i. humid in
ffijK a? an? c, vil officer ..
the United States, an lo ttx, ,aA tn t
the acthall oe co fns and oerfecl v
alUnt" It seem. Congress supposed that
camed out. construction, and they tlx,
this ro! ,27n be aonlled. But where is the
therefore, vu'- . 0wrla(ny no one can
constructions w U(m lnaD a ,oldler or aa
mr?hny detailed for a civil I service, per-
umiic. i..,r.nrtant a i owi " -
bap. the bo" lKMP is BltogMtber unfamiliar. Tbl
tiai Ot which w bound u m ftotion by
hill aye h oilier of the United
h. iinuiou oi j v,v
i"
fcialee
Th duties
of the offlc. are altogether civil, bat
gPAILYJEVE
when he asks for an opinion ban only ask th
OpiDIOBt UI OIHH "1 UIIIKDIJ T- IVJ IBllini
understands as little of his duties as be dos him
elf ; and as to his action," be Is answerable to
the military authority, and the military authority
alone. Strictly, no opinion of any civil ofler,
other than a judge, has a binding force; but these
military appointees would not be bound even by
judicial opinion. Tbey might very well say, even
vi hen their action Is In confliot with the Supreme
Court of the United States, "that court is composed
of civil officers of the United States, and we are
not bound to conform our notion to any opinion
of any such authority." This bill, and the aols
to which it Is supplementary, are all founded
npon the asenmntlon that tbeee ten communities
are not States, and that their existing governments
ere not legal, i nrongnont tne legislation upon tbls
subject tbey are called rebel States. And In this
particular bill they are denominated " eo-callel
States," and the vice ol Illegality is declared to per
vade allot them. The obligations of consistency
bind a legislative body as well as the Individuals
who compose It. It is now too late to say that these
ten political communities are not S ates of the
Union. Declarations to the contrary In these acts
ere cnntradioted again and again by reputed ac's of
legislation enacted oy uongress irorn the year 1H61 to
the year lb7. During that period, whilst tue-e
States were In actual rebellion, and after that rebel,
lien was brought to a close, the v have been avnin nrt
again recognized as Statesof the Union. Kepresenta-
viuu u neeu apporiioneo. to mem as tstntes. They
have been divided Into judicial districts for the hold
lngof district and circuit courtsof the United States
as States of the Union only can be districted. Toe
last act on the subject was passed July 81, 1H6U, by
which evory one of these ten States was arranged
Into districts and circuits; they have been called
npon by Congress to act through tbeir Legislatures
npon at least two amendments to the Constitution
ot the United States; as States they have ratified
one amendment, which required the vote of twenty
seven Statesof the thirty-six then composing tbe
Union. When the requisite twenty-seven votes
were given In favor of that amendment, seven
of which votes were given by seven of thoje ten
Sinu-b, it was proclaimed to be a part of the Cju
s'ltntlon of the United States, and slavery was de
clared no longer to exist within tbe United States
or any placesubject to tbelr jurisdiction. If these
seven States were not legal Slates of the Union, it
follows, as an lnevltuble consequence, that slavery
yet exists. It does not exist in these seven States,
for tbey have abolished It also in tholr own State
constitutions' bat Kentucky, not having dona so,
would still remain in that state. But, In truth, If
this assumption that these States have no legal
State governments be trne, then the abolition of
slavery by these Illegal governments binds no one,
tor Congress now denies to these States the power
to abolish slavery by denying to them tbe power to
elect a legal State Legislature, or to frame a con.
stltntlon for any purpose, even for auch a purpose
as tbe abolition of slavery.
Aa to the other constitutional amendment, hav
ing reference to sufirage, It happens that these
States have not accepted it.' Tbe consequence is
that It has never been proclaimed or understood
even by Congress to be a part of the Constitution
of tbe United States. The Senate of the United
States has repeatedly given its sanction to the ap.
point men t of judges, district attorneys, and mar
shals, for every one of these States, and yet if they
are not legal States not one of these judges Is au
thorized to hold a court. So, too, both Houses of
Congress have passed appropriation bills to pay
all these judges, attorneys, and officers of the
United States for exercising their functions In
these States. Again, In tbe machinery of the in
ternal revenne laws all tbeee States are dlstrlctsd,
not as territories, but aa States. So much for con
tinuous legislative recognition. The Instances
cited, however, fall far short of all that might be
enumerated. Executive recognition, as is well
known, has been frequent and unwavering.
The same may be said as to judioial recognition
through the Supreme Court of the United States.
That august tribunal, from first to last, in the ad
ministration of its duties, In ban o and upon the
circuit, has never failed to recognize these ten com
munities as legal States of tbe Union. The cises
depending in that court upon appeal and writ of
error from these States when the rebellion began,
have not been dismissed upon any idea of the ces
sation of Jurisdiction. They were carefully con
tinued from term to term until tbe rebellion was
entirely subdued and peace re-established, and then
they were called for argument and consideration,
as if no Insurrection had Intervened. New case,
occurring since the rebellion have come from these
States before that court by writ of error and ap.
peal, and even by original suit, where only a State
can bring snch a suit. These cases are entertained
by that tribunal, In tbe exercise of Its acknowledged
jurisdiction, which could not attach to them it
tbey bad come from any political bsdy other than
a State of tbe Union.
Finally, In the allotment of their circuits made
by the Judges at the December term, 1805, every
one of these States is put on tbe same tooting of
legality with all the other States ot tbe Union.
Virginia and North Carolina, being a part of tbe
fourth circuit, are allotted to the Chief Jastlce.
South Carolina,Oeorgia, Alabama, Mississippi and
Florida constitute the fifth circuit, and are allotted
to tbe late Mr. Justice Hayne. Louisiana, Arkan
sas and Texas are allotted to the sixth judioial cir
cuit, as to which there is a vacancy on the bench.
Tbe Chief Justice, in the exercise of his circuit
duties, has recently held a Circuit in the State of
North Carolina, if North Carolina is not a State
of tbls Union, the Chief Jastlce had no authority
to bold a court there, and every order, judgment
and decree rendered by him in that Court were
coram nonjudice ac verdi.
Another ground on which these reconstruction
acts are attempted to be sustained is this, that these
ten States are conquered territory, that the con
stitutional relation in which they stood as States
towards the Federal government prior to the re
tellion has given place to a new relation; that their
territory Is a conquered country, and tholr citizens
a conquered people, and that, In this new relation,
Congress can govern them b military power. A
title by conquest stands on clear grounds; It Is a
new title acquired by war. It applies only to
territory, for goods and moveable things regit,
larly captured in war are called "booty," or, if
taken by individual soldiers, "plunder." There
Is not a foot of the land In any one of these ten
States which the United States holds by con
quest, save only such land as did not belong to
either of these States or to any Individual owner.
mean such lands as did belong to tbe pre.
tended government called the confederate States.
These lands we may claim to bold by conquest,
as to all other land or territory, whether belonging
to the States or to individuals. The federal govern
ment has now no more title or right to it than it had
before tbe rebellion. Our own forts, arsenals,
navy-yards, custom-houses, and other Federal
UTOjierty situate in those states, we now noia, not
or the title of conquest, ont oy our old title ac
quired by purchase or condemnation to pHbllo use,
with compensation to former owners. We have not
conquered these places, but have simply "repos-
tetted" them, if we require more sues tor forts,
custom-houses, or other public use, we must ac
quire tbe title to tbem by purchase or approprion In
the regular mode. At this moment the Uulted Slates,
In tbe acquisition of sites tor national cemeteries
In these states, acquires line in tne same way.
The Federal courts alt In court-housns owned or
leased bv the United Slates, not In the court-
hnuses of the States. The United States pays each
of these States for tbe ute of its jails. Finally, the
TTnitrt States levies its direct taxes and its inter
nal revenue upon the property in these States, In
eluding tbe productions ot the lands within their
territorial limits, not by way of levy aud contri-
button In the character of a conqueror, but In the
reiriiinr wav of taxation, under the same laws
which annlv to all the other Slates of the Union.
From first to last, during the rebellion and since,
the title of each of these (States to tne iana sua
nnhlin hulldings owned bv them has never been
disturbed, and not a foot of It has ever been ac-
quired by the United states, even uuuer a uur oy
confiscation, ana not a loot vi n utu ti uoou
taxed under Federal law.
In conclusion. I mnst respectfully ask the atten
tion of Congress to the consideration of one more
nnentlon arising under this bill: It vests lu the
military commander, subject only to the approval
of the General of the army of the Uulted States, an
unllmed power to remove from otnee any civil or
military officer in each of these ten States, and the
further power, subjeot to tbe same approval, to
detail or acuolnt any military officer or soldier
of the United States to peiform the duties of
tbe officer ao removed, and to till all vacancies
occurring in these Slates by death, resigua.
tlon or otherwise. The military appointee thus
required to perform the duties of a civil offi
cer, according to the laws of tbe the State, and
as auch required to take au oath, Is lor ths time
being a civil otiioer. wnat is his character I Is
he a civil officer of the State, or a civil officer of
tbe United Slates 7 If he Is a civil officer of the
State, where Is tbe Federal power under our Con
stitution which authorizes his annolntment bv anv
Federal offioerf If, however, he is to be considered
a civil officer of tbe United States, as bis appoint
ment and oath would seem to indicate, where is tbe
authority lor nis appointment vested by tbe Con
stitution I Tbe power of appointment of all nlll.
ceis of tbe Untied States, civil or military, where
not provide! lor in tbe Constitution, Is vested la
the President, by and with the advice aud cousent
ot the Senate, with this exception : that Congress
mar. by iuw, vest Ihe appointment of such infe
rior officers as they thluk proper In tbe President
alone, in tbe courts of law or la the heaus of de
piirtmeuts. But this bill, if these are to be considered Inferior
Officers within the weaning of tbe Cousiiiuiiuu
SATURDAY,
does not provide for their arninlntment h tt
f i dent alone, or bv the mun. nf k. ,h.
heads of departments, hot re.tm th nn,,intm.'ni in
tne Mihordinate executive officer, subject to the ap
proval of another subordinate executive ollloer; so
hat if we put tbls question, and fix the churacer
' military appointee, either way this provi
sion of the bill Is equally opposed to the Ooastltu
tlrn. THke the CBS Ol a SOlrMer nr nfllnor annnlnM In
T norm the elfin oi Jndge In one of lhee States,
jtid as such to administer the proper laws ot the
State, where is the authority to be fonnd in tbe
t,orsiitnilon for vesting In a military or an execu-
iitb i nicer strict judicial lunctions, to beexerclsed
under Stale law? It has been agAln and again de
cided by the Snprnme Conrt nt the. United nmii
that acts of Congress which have attempted to
Vest execnttve UOWer In lh tnlllnlRl rnnrli nr
judges of the United States are not warranted by
the Constitution. If Congress cannot clothe a
jndpe wtlh merely executive duties, bow can they
iiumenu umcer or soldier ol tne army With judi
cial duties over citlzeds of tbe United States who
am rot in the miliiary or naval servicer
So, too, It bas been repeatedly decided that Con
gress cannot require a State officer, exeoutive or
judicial, to perform any duty enjoined upon him
ny a law oi tne Unl'ed fetates. now, then, can
Congres confer power upon an executive officer
of the United States to perform such duties In a
State! If Congress conld not vest in a judge of
one of tbef-e States any judicial authority under
ihe United States by direct enactment, bow can It
r ccompllf-h the same thing Indirectly by removing
tbe State judge and putting an officer of the United
Stntes In bis placel
To me these considerations are conclusive of tbe
unconstitutionality of tbe p irt of the bill now be
tore me, and 1 earnestly cm mend tbeir consider
ation to the deliberate judgment of Congress.
Within a period of les than a year the leg slitiou
cl Congress bas attempted to strip the Kxecntlve
depa. intent of the government of some of tte.i
eeniitil towers, lbe Corstltntion, and theomh
provided In it, devolves upon the President the
power and duty to see that the laws are talth
fully executed. The Constitution, in order to
ct'iry out this power, gives blm the choice of
the itgeiits, and makes them subject io his control
di d supervision; but in the execution of these
laws the constitutional obligation upon tbe Prj-
nderit remains, but the power to exercise
that constitutional duty is effectually taken awa y.
The military commander Is, as to tbe power of ap.
pointment., made to take the place of the Presi
de!; t, and the Orneral of the army the place of tbe
Senate, and any attempt on the part of the Presl
drnt to assert bis own constitutional power may,
nnder pretence of law, be met by official insubor
dination.
It is to be feared that these military officers.
looking to tbe authority given by these, rather than
to the letter of tbe Constitution, will recognize no
authority but tbe commander of the district and
the General of tbe army. If there were no other
ol jection than this to this proposed legislation, it
would besufficlent. Whilst I hold the chief execu
tive authority of the United States; whilst the
obligation rests upon me, to see that all the laws
me faithfully executed, I can never willing sur-
lenaer tnat trust, or tne powers given lor its exe
cution. I can never give my assent to be mude re
tporeible for tbe faithful execution of the laws,
uiid at tbe same time surrender that trust, and the
power which accompany It, in any other execu
tive officer, high or low, or to any cumber of exe
cutive officers.
If tbls executive trust, vested by the O institution
in the President, is to be tuken from him and vested
in a subordinate officer, tbe responsibility will be
with Congress In clothing the subordinate with un
constitutional power, and with tbe officer who as
f times itsexercise. This interference with ths con
stitutional authority of tbe Executive Department
isan evil that will Inevitably sap tbe foundations ot
t nr Feoeral system, bnt Is not tbe worst evil of this
legislation. It Is a great public wrong to take from
the President powers conferred on him alone by
tbe Constitution. But the wrong is more flagrant
and more dangerous when the powers so taken
m m tbe President are conferred upon subordinate
executive officers, and especially upon military
llicera. Over nearly one-third of the States ot tbe
Union military rower, regulated by no fixed law.
reigns supreme. Each one of the five distrlot com-
mundeis, though not cnosen Dy tne people or re
sponsible to tbem, exercise at this hour more ex.
exative power, military and civil, than the people
have ever been willing to comer upon tne neaa oi
the Executive Department, though chosen by and
responsible to themselves.
The remedy must come from the people them.
selves. They ktow what It is, and how it is to be
applied. At the present time they cannot, accord-
lug to tne iorms oi tne uonsuiuiion, repeat iuee
laws. They cannot remove or control this military
despotism. Tbe remedy is nevertheless in their
bands. It Is to be found in the ballot, and Is a sure
one If not controlled by fraud, overawed by arbi
trary power, or from apathy on their part too long
delayed.
With abiding connaence in tueir pniriuusm,
wisdom and integrity, I am still hopeful of tbe
future, and that in tbe end tbe rod of despotism
will be broken, the armed heel of power lifted
firm tbe necks of tbe people, and the principles of
a violated Constitution preserved.
AKDKIW JOHNHON.
FINANCIAL
RANKING
HOUSE
9
or
Jay Cooke & Co..
N CIS. 113 AND 111 fsi. TIUBI ST., PHII.A.
Dealers in all Government Seouritien.
OLD O SOai WANTED
IN EXCHANGE FOR NEW.
A LllitllAL, BIFFEBEKCE AIXOWEll,
Compound Interest Notes . Wanted.
ltlTEBUT ALLOWED CM DEPOSITS.
Collections made. Blocks honcht and anld on
Cuuiiulaa'ou.
Hpeclal business aooommodatlona reserved for
lauiea. 16 24 3m
7 3-103,
ALL SERIES,
CONVERTED INTO
Five-Twenties of 1865,
JANUARY AND JULY,
WITHOUT CHARGE.
ItOKVM DELIVEBED IMMEDIATEI.T.
DE HAYEK & BROTHER,
10 2rp HO. 40 8, THIbD MTUEET.
7 3"10?-SEVEN - THIRTY NOTES
tORVEBTED WITIIOCT t II A HOE IMTO
TUE SEW
UOKDN 1EL1 VI-lttM AT ONCE.
COMPOVND INTEREST NOTES WANTED at
lilfclretit market rates.
WM. PAIKTCB C O.,
8.J2 HO. 0 ftOUTll TllIttUNTUEET.
FINANCIAL.
"f he union PACIFIC
RAILROAD COMPANY.
THEIR FIM MORTGAGE KONDS
AS AN INVESTMENT.
Tlte rapid progress ot the Union Pacific llallroad,
now building west frc m Omaha, Nebraska, and form
ing, with Its western connections, an unbroken Hue
across the continent, attrurts attention to the value
of the First Mortgage llonds which tbe Company now
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Invtstois Is, "Are these bonds secure f" Next, "Are
tbey a profitable lnvestmeuiT" To reply in brief:
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ran be. Tbe Government grant of over twenty mil
lion acrev ofland and fifty million dollars in its own
bonds practlcAlly guarantees It. Oue-foiirlu of the
work la already done, aud the track coutluuea to be
laid at tbe rate ot two miles a day.
Second. Tbe Union Paclllc Hull road bonds are Issued
upou what promises to be one ol the most pruiitable
lines ot railroad in tbe country. Fur many years it
must be tbe only line connecting tne Atlantic and Pa
clllc; aud being without competition, it can maintain
remunerative rates.
Third. 376 miles ol this road are finished, and fully
equipped with depott, locomotives, cars, etc., and two
truing are dull' running each way. The materials for
the remaining 141 miles to the eastern base of the
Ilocky Mountains are on band, aud It Is under con
tract to be done In September.
lourlh. The net earnings of the sections already
finished are several times greater thau the gold In
terest upon tbe First Mortgage bonds upou Buch sec
tlous, and if not another mile of the road were built,
the part already completed would not only pay lute-
rest aud expenses, but be profitable to the Company.
Fifth. Tbe Union Pacific Railroad bonds can be Is
sued only aa the road progresses, and therefore can
never be In tbe market unless they represent a bona
fide property.
Klxth. Their amount Is strictly limited by law to a
sum equal to what Is granted by tbe Uulted mates
Government, aud for which It takes a second lieu as
its security. This amount upon the first 617 utiles
west trom Omaha Is only iu,txu per mile. '
Seventh. The tact that the Uulted States Govern
ment considers a second lieu upou the road agood in
vestment, and that some of tue Bhrewdust railroad
builders of tbe country have already paid In five mil
lion dollars upon tbe stock (which Is to them, a third
lieu), may well inspire confidence in a first lieu.
Klghlh. Although It Is not claimed that tberecan be
auy better securities than Governmeuls, there are
parties who consider a first mortguge upon such a
property as this the very best security lu the world,
and who sell their Governments to relnve.it la these
bonds, thus securing a greater Interest.
Ninth. As the Union Pacific Kallroad bonds are
ottered for the present at 9W cents ou the dollar and
accrued Interest, they are the cheapest security In
tbe market, being is per cent, less thau Culled States
stocks.
Teutb. At the current rate of premium on gold
they pay
OVER NINE PER CENT. INTEREST.
The dally subscriptions are already large, and they
will continue to be received In Philadelphia by
THK TRADESMEN'S NATIONAL BANK.
DE HAVEN fc BROTHER.
WILLIAM PAINTER & CO.
TOWJNbfcMD WHELEN Jt CO.
3. E. LEW AllCt & CO.
In Wilmington, Del., by
It. R. ROBlNbON & CO.
And In New York by
CONTINENTAL NATIONAL BANK.
CLARK. DODGE & CO., Baukers.
JOHN J. CISCO fc SON, Bankers.
And by BANKS AND BANKERS generally through
out the United States, of whom maps and descriptive
panrpuleta may be obtained. Tlioy will also be sent
by mall from the Company's Office, No. 20 NASSAU
Street, New York, on application. Subscribers will
select their own Agents, In whom they have confi
dence, who alone will be responsible to them for the
safe delivery of tbe Bonds.
JOU.N J. CISCO, TKElsVKEK,
718 hub 86 1
NEW YORK.
JJABIUSLJUIIG, JUNE 29, 1867,
TO THE HOLDERS
OP THK
LOANS
OF THE
CCr;WGiWEALTH OF PENNSYLVANIA
DUE JULY 1, 1868.
THE COMMISSIONERS OF THE SINKING
FUND WILL RECEIVE PROPOSALS UNTIL
SEPTEMBER 3, 1807, FOR THE REDEMP.
TION OF
ONE MILLION OF DOLLARS
OF THE
Loans ef this Commonwealth
DUE JULY 1, 1868.
Holders will address tnelr proposals to the
Commissioners of tne Sinking Fund, Harris-
burg, Pennsylvania, and endorsed "PROPO
SALS FOR THE REDEMPTION OF LOANS
OF 1SC8."
FBANCIS JOBDAN,
SECRETARY OF STATE.
JOHN F. HABTBANFT,
AUDITOR-GENERAL.
WILLIAM U. KE31BL.E,
7 2 tutusl9 S STATE TREASURER.
JULY 20, 1867.'
HNANC1AL.
fj O T I C E
TO TUB IlOLDKItS
OV TCI
LOAN OF THE CCK WON WEALTH
OF PENNSYLVANIA
BUB AFTEB JCM 1, 1850, AND BEFOBE
JULT ft, 1800.
Holders of the following; LOANS OF THE
COMMONWEALTH OF PENNSYLVANIA
are requested to present them for payment
(Principal and Interest) at
Th Farmers' and Mechanics' National
Bank of Philadelphia.
Loan of March 80, 1830, dne March 4, 1858.
" February 16, 1S33, dne July 1, 1858.
March 27, 1833. due 3 uly 1. 1868.
" January 20, 1830, due July 1, 1859.
M June 7, 1839, due August 1, 1359.
" March 80, 1832, due July 1, 1800.
" April 6, 1832, due July 1, 1800.
Also, all BANK CHARTER LOANS due
prior to J uly 2, 1800.
All of the above LOANS will cease to draw
interest after August 15, 1807.
JOHN W. CJEART,
GOVERNOR.
JOHN F. IIABTBANFT,
AUDITOR-GENERAL.
WILLIAM II. KEMBUE,
STATE TREASURE It.
6 iRstuth t81S
ftt7 8TATE LOAN.
THE NEW SIX PER CENT
STATE LOAR3,
Free from all State, County,
and Municipal Taxation,
Will be famished in sums to salt, on applica
tlon to either of the undersigned:
' JAY COOKS dc CO.,
DBEXEL A CO
T ( lmlpl E. W. CIiABKE A CO,
u Q. 8EZCU RITIE
A SPECIALTY.
SMITH, RANDOLPH & GO.,
BANKERS AND BROKERS,
NO. ISM TIIIBU KTjNO, S JIAASAU ST.,
PHILASKLFHIA. I SIW TOBK
OBDEBS FOB STOCKS AND VULD EX&
CITED IK PHILADELPHIA AMD HEW
IORH 11
PROPOSALS.
pitOPOSALS FOB WOOD.
Depot QtrAHTEHMASTjiE'a Oitick, 1
Washington, 1. C, July 10, lo7.J
Sealed rrjoals are Invited and will be re
ceived at. this ol)icn until July 30, 18U7, at 12
o'clock; noon, for the purchase of about, 10.000
LOKDH OF WOOD, now lj lug at the Govern
ment Woodyard, at Alexandria, Va. .
fclds lor 1000 cords, with the privilege of the
Int. are invited, but for an amount less than
U00 cords bids will uot be entertained.
I'ropobals must be plainly inuiked "Propo-t-elH
lor Wood," and be addressed to the un
derpinned. Kllieen days will be allowed parties to remove
their purchases.
Jtidders will state their full name and post
c nice address, and will be nollfled by letter of
Hi acceptance of tholr bid.
Tbe uudersined reserves the right to reject
sny or all bids that may be considered objec
tionable. ,
l'uyuienl in Government funds Is required
upon Hie acceptance of the bid.
17 101 CHARLKS II. TOMPKINS,
Itrevet Brlg.-General Depot Quartermaster.
OFFICE OF PHILADELPHIA GAS WORKS.
Ko.i!U8.bEVENXU btreet, '
JnLT Ifl 1867
Bids will be received at this Office uutll noon of
THUHHDA Y.July 25, 1HU7. for nil or the Foul Lima
(about luo.iwo DUMiielH) nd old Kurorts (about law) Hint
may be lor sale at tbe dllli-rent Work's or lbe term of
Oue Year, puy went to be made In cash on delivery,
and all exiimiaes ot removal to be paid by Hie pur
chaser, batistaclory rolttraut! or SBOiirilT will be re
quired, tbe Heard of Trustees rmteiviiiif to theuiRelves
the rlicbt to reject any or all bid ibey may deem pre
judicial to lbe lulerenU of the 'i ruwU
llr. cl to lb uiidernik.'uMl, marked "FropotaU for
l oul Lliue or Old lU'iorta."
i JOSEI'II MANUEL.
J 17 U Uot; jeer.
GOVERNMENT SALES.
(1 OVFHNMKNT 8ALTC OF TIIK MILITATtT
X Hnllroad at llrar.os Nantlflco, Texas. Ofllo
Dliief tjtiartermamer Fifth Military District,
N(w Orleans, La., July , 1H07.
Healed Proposals will be received at this offloe
lint II 12 M., AUKiivt 10, 18(7, for the purchase of
all the right, title and Interest of the United
Mutes lu and to Ihe United Htates Mllitrr
ltniiioad from Brazos JSantlaxo to Whiles
Handle, Texan.
The sale will include the entire track and
sidings, tulldlriRN, water stations, turn tables, -
bridges, tic, I lie rallroau materials, tue suppuea
rer aliilne lo the road, toget her with the rolling
slock, cars, machinery, and other equipment,
as foilowHt
ti'X miles Roll road Track.
2 Turn-Tables.
25,000 pounds Kallroad Chairs.
6 Cr us TU m.
9,600 pounds Knllrond Iron.
4 Itallroad Frogs and H Itch Stands.
1 Locomotive aud Tender (named "West
ern").
8 Flat Cars.
2 Hand Cars.
2 Fuali Carn.
5MI pouiuia car Springs.
'1 (irow Feel..
4 8plke Mauls.
1 Track Gunge.
1 Fire Tonga.
1 llallroad Depot Building,
1 Foreman's Uututers.
1 T Wharf.
1.77 pounds American Packing.
f pounds .line Packing. '
20 feetKubberlloHO.
1 IfmglHs rump.
2 Wuler Casks.
1 Feed Pipe.
1 ('Intern.
2 Oince Desks. "
1 Cooking move.
1 Stove.
4 Claw Bars.
2 Hiiackle Bars.
1 Lantern.
2 Signal Lanterns.
2 Grind Htoncs.
2 Padlocks.
1 Turning Lalhe.
8 Spades.
45 Shovels.
3 seta Carpenters' Tools.
2 Water Buckets.
2 Jackscrews and Levers.
8 Anvils.
7 Bellows.
2 Pinch Bars.
1 Cold Chisel.
2 Blacksmiths' Hammers
8 Sledge Hammers.
15 Hammer Handles.
2 Spike Punches.
1 set Blacksmiths' Tools.
6 Blacksmiths' Tongs.
2 Vises.
1 Cross-cut Saw.
173 Pick Axes.
2 Pick Axe Handles.
4 Square Brasses.
2 Slutting Boxes.
1 Bratts Faucet.
The sale will not include the title to the land.
Which does not belong to the United males.
This road is about ten miles In length, and
extends from Bruzov Santiago to While's
Bauche, on the Hlo Grande, From this point
connection Is made by steamer with Browrna
Ville aud Matamoras.
1 he route is the shortest and best for the Im
mense truth c between the Gulf of Mexloo and
the Interior of Southern Texas and .Northern.
Mexico, and ihe communication 'by rail alon
can readily be extended to Brownsville.
The road already completed saves thirty miles
of difficult and tortuous navigation. The road
is live feet gauge, good ties, X rail, and full
spiked.
Tbe property may be Inspected on applica
tion to Captain U. H. Hoyt, A. O. M., Browns
ville, Texan, aud Buy information desired may
be obtained lrom that officer, or from the office
of the Chief Quartermaster, Fifth Military Dis
trict, New Orleans, La.
A condition of the sale will be that trans
portation shall be furnished for all Government
troops and supplies whenever required, at, rates
not to exceed those paid by the United Btatea
to other railroad companies la the Fifth Mili
tary District.
The terms of payment acoeptedwlll be those
considered the most favorable to the Govern
ment. Ten percent, cash, in Government funds, to
be paid on acceptance of proposal.
The Government reserves the right to reject
any or all proposals.
Proposals should be Indorsed "Proposals for,
the purchase of Brazos Santiago and lUo Grande
Italiroad," and addressed "Brev. Lieut. -Col. A.
J. McGonnlgle, A. Q. M. U. S. Army, ollloe
Chief Quartermaster, Fifth Military Distrlot,
New Orleans, La."
A. J. McQONNIGLE.
Brev. Lieut.-Col. and A. Q. M. U. 8. Army.
71718t
J.U ct
i churge of ollloe.
JAKGE SALE OF PUBLIC PROPERTY
Ol TICK OF ABMY CLOTHING AND EO.TTIPAOK,
No. 29 Broadway, Nkw Yokk, July 17,1807, j" :
Will be sola at Public Auolion at lbe Depot of
Army Clothing and Kqulpage, No. 400 WASH
INGTON Street, New York city, on TUESDAY,
tbe Ot h day of August next, commencing at 11
o'clock A. M., to be continued from day to day,
the lollowing articles of Army Clothing and.
Equipage:
10,000 Uniform Coats.
34.1X10 Unllorm Jackets.
7,775 Veteran lies. Corps Jackets. '
10,1)00 Kull Drawers.
11.8.000 Knit Shirts,
id (Kill Great Coats (Footmen's).
80,000 Great Coats ( Horsemen's).
150,000 Woollen Blankets.
80.(4)0 Rubber Blankets.
10,000 Bubber Poncnas.
1110,000 Lined Suck ("oats,
loo.ooo Uultned Back Coats. .
100,000 Fprpge Caps.
M',000 pairs Bootees, M. 8.
8,000 pairs Boots, M. S.
10,000 Brogans.
130,000 Leather Neck Stocks.
4;"),000 Hal Feathers.
100,000 Knaps.'.cks (ReRUlatlon).
1 1,000 Mann's Pulenl Knapsacks.
60,000 Haversacks(Kegulallon).
7,f00 Haversacks (Kuumelled).
1,000 pairs Trowsers, Horsemen's.
15,000 pairs Trowsers, Footmen's.
2.807 pairs Leggings.
I.'il 11 UKHitr Juckeis.
l.ooo Straw Hats.
2 173 Dark Blue Trowsers,
2,151 Buckles for TroysflM.
p4 yards Dark Blue Cloth.
419 y&rdsBIue Flannel.
I,8ti2 yards Green Merino.
179 yards Black Wigaus.
7t9 yards Biok Alpaca.
4-18 yards Brown Hollands.
Also, a quantity of various articles of lrreeo
Jnr Clothing and Kqulpiige. Samples of all can
bo seen al tiie depot within ton days of sale
and catalogues had.
Terms Cush In Government funds; ten ter
cent, down and the baiauce before the goods are
taken from the depot, which must be within
five days after the sale, under forfeiture of pur
cliaseand the ten percent, deposited.
Bvt. Major-Oeneral D. H. VINTON
- 7 20 15t Asst, Qr.-Master Gen'l U. S. A
LEGAL NOTICES.
ESTATE OF PETER BARKER, DECEASED
Letters of dininUtrulUin ou the Jfitale nf
JhTKH HAHKEK. deceased, having beeu granted la
tbe unueralgued, all persons Indebted to Ihe Kstata
will make payment, and all persons having claims
staluBt lbe Kmtate will present them to
RLlZABism BAKKKK, Administratrix.
6 I2s6l Mo, sad N. JtLKVKMTH Btreet,
TN TIIF ORPHANS' COURT FOR THE CITY
lAMi COUisTY OK PHILADELPHIA.
Faiute oi WILLIAM 1) KM N KY, deceased.
The A udltor appointed by Hie Court to audit, nettle,
and aihiitt tue econd and final account ot Juiltv
McAH'lHl'K, Jr., Fxccutor ot the laxt Will and 1'J2.
lament of WILLIAM DJtNNKY, deceased, and to
pori diHtribuilou of the baiauce In the handa of tii
accountant, will meet tbe parlies Inlerettied tori!!,
nurixme ot his appointment, on FltlUAY. Julv
1MS7, at 12 o'clock M., at his orllce, No. aaa WAIN'S
meet, in the Lily o Philadelphia.
7 1tulhs6l THOMA8J. WOURKf.L, Anflltor
CORN EXCIIAN
BAO WANUFACTOKY
JOHN T. ilAlLKYi'on
a i
n, c- corner or uakk k l
WATE street.
DEALEHS IN 11 A (.is AND BAdQINQ
, t everv Iecrliunn, lor
Grain. Flour. Walt. r-PlmspUa'te of Llius. Bone
Lr? ud small (JUW N y 'it aim conMt.,ti
? I Ahio, WOOL MACKM. " u"ua
JOHN T BAILkY.
!
Jamks Casoadkh.