THE DAILV jiVISNlKG TELEGRAPH PHILADELPHIA, MONDAY. ' DECEMBER 2, 1807.
1 PUBLISHED EVERT AFTERNOON,
(RUHDAYS IIOKM-KD)
'A.X THB KVKNINO TELKORAPH BTJILDIN3,
DO, 10S SOUTH THIRD HTBEET.
Trio, Threw Centa par Copy (Douiile Bheet), or
Ugh Ml) Genu p r Week, payable to the Carrier, ana
tailed to Bubecrtbere out of me city at Nine Dollars
r Annum; One Dollar ami F.fty CVnia fur Two
Ocths, Invariably Id advance for the period ordered,
MONDAY, DECEMBER 2, 18G7.
"fce Finances as Considered tr Hobert
J. Walker.
W regret tliat the extreme length of the letter
f Hon. Rohert J. Walker and the crowded
CondiUon of our columns prevent us plaoinjj
that able dcoument in full before our readers.
Yhatever Mr. Walker says on the subjeot of
Our flnanotal oonditlon Is entitled to a respeot
f al attention. Throughout the entire war he
tras abroad as the agent of the United States
Government for the purpose of negotiating our
loans In the European markets, and from direot
Contact with a great part of the subscribers, Is
ftble to bear witness to thrir feelings and ex
flotations at the time they gare their money
to our country. We will, therefore, do the
next best thing to publishing his letter tn full,
find endeavor to give a synopsis of his views
C-n the various financial questions whioh are
to-day agitating the country. At the outbreak
Of the war he was sent abroad, with letters
from Secretary Chase and President Lincoln
for the purpose of acting as the United
Btates agent in Europe and Great Britain. While
there he published numerous essays, which
Jvere not contradicted by the United States, in
Fhloh he "represented (he certainly of the pay
tent of the principal and interest on the Five-
twenty loan in gold." When he arrived abroad
found that the Governments of France and
' Ingland were so opposed to our nation as to
lender the negotiation of our loans in those
Countries almost impossible, so he appealed to
the people of Germany, and, as he states,
'the result was that the people of Germany,
tomphatioally the great mass of the people,
took several hundred millions at the same rate
S our own citizens." At that time the Gov
ernment was in great danger; confidence was
felt neither at home nor abroad. Mr
Walker says the disoount at which they were
Yeoeived was warranted by the exigencies and
the risk the purchasers ran, and adds:
f These German and other loans, based upon
these United States Five-twenties, constituted
to a vast extent, the price we agreed to pay to
enable us to maintain the Government and
preserve the Union. And, now, shall we
tiesitate about the full payment of suoh loans
&S these T But especially can I, on whose
Representations so many hundred millions of
these loans were taken, now, whilst the great
Issues are being discussed, and soon to be
decided, without a burning sense of shame
find dishonor, remain longer silent ?"
I Mr. Walker is emphatically in favor of a
payment In gold, and certainly has justice on
iiis fide as well as great ability. But he con
siders that question one which may be settled
In the future. What at present needs atten
tion is a resumption of speoie payments. To
do this he considers a loan of $250,000,000 in
gold to be necessary. There are now $387,
000,000 of legal-tendbrs issued. There is in the
Treasury $111,000,000 in gold and $23,000,000
Of legal-tenders. By contracting a new loan
Of $250,000,000, all the outstanding legal-ten-lers
oould be absorbed and specie payments
Resumed, without risking the danger of a
ludden running up of the premium on gold.
JT seoure this new loan he favors a resort to
foreign markets. He says:
"Why should our people be thus oppressed
fend raoked aud tortured by a loreert contrac
tion of the currency, whloli Is tue Uftf-blouU of
Dur industry ? Wny this constant drainage of
StU the veins and aritriee of our Industrial
. pyetemt
"1, then, am for a foreign loan, so as at once
to fcupply the vacuum, to replenish our ex
baueled resources, and resume apecle pay
ments, with all lis incalculable benefits to our
faith, our credit, and our industry.
"What real objection is there to a foreign
loan Did Wasiiingion and the patriots oi '7o
Object lo it when Franklin negotiated our first
foreign loan in Holland T Did not Mr. Lluooln,
concurring with Mr. Chatte, wnrmly advooate
it, when weoDtalneil the neoobsary ruo ney to
replenish an exhausted treasury during the
Jate Rebellion ?
"It la certain, on resumption, that this whole
loan would be taken by the m uses of the people of
Germany at par, or higher in gala for six per cent,
tonus. We borrowed 82.W OOO.OOU from the Oer
xoans In 1803-4 local ry on tue war then. Aud I
would open the new foreign loan at Hamburg,
JSerlin, and Frankfort, aloed by Count Bisuaark,
tao la aa gieat a friend of Amerloau as be is of
Uertnaa unity."
In this paragraph is found the kernel of the
entire letter. It Is a long argument for the
resumption of specie payments by the immedi
ate negotiation of a foreign loan. He speaks
with certainty of Us success, and there are
fcwwho are so well qualified by experience
nd theoretioal knowledge to express an
piuion. By this means
he thinks we could
ivold the threatened difficulties of the ultimate
payment of the debt, and forever drive out
Jhe spirit of repudiation. The proposition is a
Vast one, and merits careful consideration.
Mr. Walker Is opposed to the present pay
jaentto any considerable extent of the natlona1
debt, and wisely argues that the loneer it
j-emains unpaid the greater will be the assets
On hand to pay It when due. By Azures he
hows that our rate of Inorease of wealth from
1850 to 1860 was 37 per cent., and gives us the
following table of increase until l'JOO, at the
tame rate:
IfUV) - tlfl 1VVG1B OfW
1870 .M3 -liO 5S-,
ri-tll K2 HIIVKlW K4
JH'KI 1H7,H1.8V).2?5
1910 u
1U01 4oj,6(i3,2,ll
Thus, our wealth in thirty-three years
Would be more than quadruple that of Eug
land.
f Of course, at Buch a period the payment of
the debt would be but a trifle when compared
With the drain it would cause on us to-day.
He glances for a moment at the Butler
Pendleton proposition to pay off the debt in
greenbacks, and concludes that suoh a cur
f euoy would not be worth at the start twenty
cents on the dollar in gold. The first result
would be to increase the expenses of the Gov
ernment and of living nearly fourfold, with no
correpponding increase of wages or of revenue.
The expenses of the Government, paid in this
depreciated pfper, would swell to nearly two
lillions a year, and the excess of our annual
expenditures over reoolpta would exoeed a
1 llliou of dollars a year, swelling yearly,
vith the necessary demand for a further infla
tion, until the whole mass would become
worthless, and leaVe the Government and peo-
jle without money or credit.
Tbe whole substanoe of Mr. Walker's
theory is contained in a few words: "For all
these ends there is but one remedy, an immediate
resumption of specie payments, accompanied by a
vast reduction of taxation." By resuming speoie
rayments we reduce the annual expenses of
the Government over thirty per cent, per
annum. He favors the repeal of taxes and
f xcipe?, and the abolition to a great extent of
our internal revenue system. By this means,
he observes, we would at once get rid of eight
millions a year in the shape of tax gatherers'
salaries. He believes that a total revenue of
244 millions is all that is necessary, and this
he proposes to raise by taxes on but three
ai tides:
1. Ttv a tariff for revanne.
'J By an excise on wlnea, malt and spirituous
liquor, and tobacco; aooiisuing ait outer iu
Ii-iiaI tAlAtlon.
8. Bv a tax on onr national bnnka, based upon
Just aud fair equivalents, remembering bow
essential they are to tbe piosperlty of the
country, and that we must not drive them into
llau.dHiiou bv unfair and unequal taxation.
aud thus revive the wretched Htate bank.
t-yittm.
This is perfectly feasible, as we demonstrated
a few days since in an article in favor of throw
ing off all tax on a man's income exoept the
excess over necessary expenses. By this
triple tax all necessary revenue could be se
cured. The subjeot should receive immediate
attention. In the tax on the National Banks,
however, Mr. Walker "would impose but ono
additional tax upon them. It would be, that,
while permitting them all to loan money at
one ULiform rate of 7 per cent, per annum, as
ought to have been done originally, they
should pay over annually to the Government
one-half the net profits realized during the
year over 7 per cent."
Mr. Walker is a strong advocate of the sys
tem of national banks, and deems them of
great advantage to the country. He considers
all attempts to call lu their notes as dangerous
and injurious, and calls attention to the fact
that "their isssues are not fictitious, but repre
sent so much capital in the bonds of the United
States." We cannot follow the able arguments
and every fact adduced to a greater length,
but would commend the views of the distin
guished author, both because of their ability
and also because of the sound, praotical com
mon sense which pervades most of his letters.
All his opinions appear to be practicable, if we
except, with a doubt, the foreign loan of
$250,000,000 in gold.
The Mercantile Library.
Thb old maxim that "Knowledge is Power"
has become threadbare from Its frequent quo
tation. Yet it reveals the great element of
our national strength. To the savans of Ger
many and Fiance we must yield the palm for
thorough and deep culture in special branches
of human wisdom, but as a people the inhabi
tants of the Great Republio enjoy a wider and
more general diffusion of knowledge " than
those of any other land. And this has re
sulted, not bo much from our system of publio
schools and higher educational institutions, as
from our universal passion for newspapers
and books. By an incessant devouring of
everything that comes in our way, whether
good or bad, we have gained the bulk of our
knowledge, and with it a more thorough ap
preciation of the blessings of our free institu
tions, and a more deeply seated disposition to
maintain them in their integrity, than oould
have Veen imparted to us in the mere routine
of the school-room.
One of the most prominent agencies in
bringing books within the reach of the people
of every class has been the system of circu
lating libraries,'. which has now obtained a foot
hold in every city and town of pretension in
the country. One of the most successful an 1
deserving of these institutions is that known
as the Mercantile Library Company of Phila
delphia. Although of comparatively recent
origin, it has already attained a standing with
the largest in the country, and with the facili
ties which its proposed removal will afford, it
will not be long before it will plaoe Itself far in
advance of all its rivals. It was established
in the year 1821, the names of the most promt
nent residents of the city of that day being
embraced in the lint of its founders.
After a determined struggle for
existence, it attained a measure
of the success which it so richly merited at the
hands of the publio, and in 1845 it took pos
session of the handsome edifice which it still
occupies, at the corner of Fifth and Library
streets. At that date the city whose literary
wants it supplied had a population of about
325,000, while at present our permanent real
dents are estimated at 800,000. The member
Bhip of the Company was then 1004; now it is
C167. The library then contained 10, 2i 9 vol
nmes; and at present it has upon its shelves
about 40,000 volumes. The number of books
loaned in 1845 was 14,798; while last year the
circulation reached the enormous total of
111,003 volumes.
A raere glance at these figures will convince
any of or readers of the fact that increase!
accommodations are needed, and every fre
quenter of the unoomfortably crowded rooms
knows how imperative is the necessity. The
managers of the Institution, ever attentive to
tue wants of the publio, and relying upon
their
generosity and enlightenment for sup
port, have already met the rannirements
of
tbe case, and they now confident! aDnal to
the community for assistance in perfecting and
carrying out their scheme. They have pur
chased, in behalf of the Association, the uani-
some edifice on Tenth utreet, near Chesnnt,
known as tbe Franklin Market House, whloh
' has a superficial area of 24,089 feet,
i aa compared with the 8000 feet of the two
floors in use in the present biiiMinjr.
The new building may by some be
deemed altogether too large for the necessities
of the Library; but it should be remembered
that iu 1845 but one floor of the old building
was in use, so that the proportion between the
accommodations of that period and those pro
posed is as one to six precisely the same re
lation as is borne by the membership at the
two periods. The new building is to oost
$120,000, of whloh $76,000 is to be paid in
cash, the remaining $50,000 to encumber the
premises as a ground-rent. The sum of
$7 G, 000 will, however, be required to alapt
the new building to the wants of the Com
pany, making a total cash expense of
$152,000. To meet this, the ' Company
has $103,000 In its Treasury, after dis
posing of the old buildiugs, so that
$49,000 are required for immediate use, and a
round $100,000 to plaoe the institution on a
safe basis, clear of all inouwbranoes. At a
reoent meeting of the friends of the Institution,
his Honor Mayor MoMiuhael, who presided,
appointed a committee of our most prominent
citizens to supervise the oolleotion of the re
quired fund. We trust that they will not
appeal in vain to a publio which has ever
shown a readiness to engage in all good works.
Whicu is the Metropolis?
Wb have frequently olaimed that Philadelphia
is the meat populous oity on the American
continent, and in the result of the registry of
votes whloh was oompleted In New York olty
on Saturday, we have an incontestable proof
of the truthfulness of our assertion. At the
November election in the oity which can no
longer lay claim to the title of metropolis,
every nerve wai strained to seoure the largest
vote possible by both parties, as the result in
the State depended altogether upon that in
the oity. But the Mayoralty contest whioh
terminates with the election to-morrow, has
been conducted with even greater 8eai, as
there are three candidates in the field, and the
friends of each are not without hope of suo
cess. The following figures give the oompara
tive reault in the two rival cities, the total
population being based upon the customary
estimate of six residents to every qualified
voter :
J'hl tuMnhia. 2ftu Ytrk.
Total registry I4.27i J35.r
Total vole at recent elecilon.lOl.OiiS II l.M2
I'opulalion 8tl5,182 813,594
New York, as will be seen, cast a heavier
vote, in proportion to the registry, than did
Philadelphia; but it should be remembered
that the Republican vote in this oity was not
drawn out, by reason of wide-spread dlssatis
faction with a majority of the candidates; while
in New York if we may believe the leaders of
the rival Demooratio factions, thousands of
roughs were imported from this oity and IUltl
more, for the express purpose of rolling up a
majority whioh should "terrify" the oouutry,
Moreover, it is a notorious fact th t thousands
of names are registered every year in New
York, in direct violation and defiance of the
law, and these may be put aside to offset the
large foreign population who are not entitled
to the eleotive franchise. Although the figures
given above are probably somewhat In excess
of the real population of both cities, the pro
portion is as near correot as may be, and there
is not the shadow of a doubt but that Phila
delphia is the metropolis of the New World in
point of population, as it likewise is with
respect to manufacturing interests.
TUE FAS II IONS .
Playing a. "Forfeits" and a Witt? Re
ply A Popular Preacher on Styles of
Ureas Court Costumes In KniUod-Kx-Hoyal
Kobas Nsvr Mnterlala-Tba
Indian Necklace An Austrian Color,
Bands, and oaab.es.
Paris. Nov. 15. At a vcrv aristocratic reunion
lately it was a gentleman's turn to answer some
ol thoee inquisitorial questions which are put in
an usmc-nuoie camcs now-ana are considered
amusing. 11c baa to redeem h lontit. Tue brst
quisilon asked him was, "Which color do you
preter?" "All fasit colors." was the witty reply.
The next was. "which Is your favorite author?"
Ob, the author of my days, or coars,"
he answered readily; but tbe third nearly
brought him to Mhzhs, lor the ques
tioner Inquired, "WUa1. is the object ot your
ambition?" "To be or not to be," nwereu the
sulleror, iu great d litres; and in fear eta second
forieit. "To be or not to bo weal?" pursued me
tormentor. "A Ziouave a rouuucal zouave,"
lcpned tbe victim. Murmur ot disapprobation
welcomed this con region, an J b ii not peals ot
laughter drowned them a snug little eauie at
iorio.ta would have ended in an otticial ariesta
uon. Another very unlortuuac expre-tuiuu is
that now commented on in high Quarters aud
by all the papers. It reters to the Cuassepot
puus. In Geteral de Pitill.y's ouicial accjuut ol
the engagHiueut at Montana he says, lu spenk'
lug ot the slain: "The Cbassepot gui.it have
doue wonders." Wbee tbe paper was put bi-lore
the Minister of the Inferior, be suggested that
the phrase would be better It alter e J be I ore it
was placed before tbe public in the MonUeur,
Tbe following morning the JUonneur ap
neaped, and every Parisian was scmiiHliz-d
at the barbarous exul.viou of the military over
tbe murderous Unas epots. i he Emperor him
self was struck at the inappnpnate uess of the
expre sion, and sent lor the maunging directors
ot the Alomlmr, who explained that "thunder
iu had been substituted by them for the
"oiidere." When the Minister of tho War De.
partnient was called to account, tbe answer whs
that military discipline did not adorn of the
slightest modiUraUon in a document signed by a
command. ug ollicer. Ihus H is that M. de
Faillv's wonderful CbassepoU have become
fashionable table talk. It Is very peaceful,
although Air. uuatsepot is at iyons superintend
ing tie manufuc.ureotno less than 100,000 more
ot his euiic.
The other subjects of interest are that Kather
uyscintne. woo so rated against laaies' doming
lust Lent, is goiDg to preach all throaeh Advent
at Notre Dame. lr the degeneracy of the
fashions was a subject of his ire last eeasoo,
what must happen to him now? I will keep
your readers au oourani, lor where tbe fashions
are preacucu it is my amy to alteud.
There was a great crush of splendid attire at
Windsor on tue 10 h, where the twenty-sixth
birthday of the Prinoe ot Wales was celebrated.
Home ot the evening dresses sent from Pans
were very tasteful, and are called simple because
nut trimoed withauythiug but artificial flowers;
bm the flowers wero in sum prolusion that im
rlie.it is bot oreciself the proper exnr sslon,
They were ht lo drees Ot different shades, wi'h
cordons of flowers irom the waist don: the
tides and bnrr looped up in front with bouquets;
and all the boiices were cut low and square.
White tulle over white satin bad cluster of
white IIIhc. Pink tulle over pink silV had oor-
COi ol Link bnd : ono while
rouleaux of black aod white satin; timorm.
mentt were gold.
joiriat u e sovorelzni hse ll onnn -.
a rei respective glnnce at what has been worn
t rove rather niortiiyln to hurbands. Hrm i
the 'rewi are to be perpe'nnted bv hWtor. f.,r
Iiif mice, tho robe worn by the Duchesne de
Mourhy at the banquet vWpni to the Kmperor o
Ai.f-tr a at tbe Uoiei no Vine. It was white tad
ce: it-e smin covered wi:n an Alenron, a tnuic
wlirli wtiit i t! into a court tram behind an I
lorp d In he fn nt wlih sc icia blossom in gold.
Tl.e body a Pemnrt wsi covered with tuili
orked with gold, and aolden acacia an I
rllamonrW entvtired In her ha r. On the bodice
i here were square an Hps nnd ovals of diamonds
afteuibg ire tulle drapery folds nu the bosom.
inu toilet Das been lis Hi u 3D talked ol as the
Empre-s Fugenie's. which 1 have in a preyio'is
let er cliseribed, with tbe exception ol her nck-
lare, which was compo ed ol ovc row or dia
monds, each baviig a iringe of rubies and
diemonds.
Ibe klarquise de Gallret at one oft he grand
revteas wore a dress which will never be for
go ten. It aas a garnet satin, trimmed with
camel clusters or grapes ai a enmrviucrej vine
leiye'. Her ranaque to match was t ehl at th
alst under a belt ol earuet and leaves, from
wh eh hung a deep frinre of cut garnet beals.
Th n tnere was a princes at Me rao wbrte
bite cloth toilet ru irked all over wi'h t-ilk (the
yellow shades). Is now being imitated at Com
pircne. Sportsmen complain that ill this white
spoils their t-hooting; b t 8 ill those who cannot
uv st in watte cioiq aecomri sb tbor wb'm In
white merito, and Ibeir effect on tho gam'is
precisely tue came, but the gentlemen complain
le-.
Tbe great mania is the Indian necklace of
thirty rows, and the new stjle of Jewelry which
is not r-otloh or beonmine. Now. ladie. mil
wear lanov jewels that are not imitation, but
pretty, and to a cerlain degree inexpenive; thus
flHrte Tines with tutquiinos and pink enamel
miniature surrounded with pearls.
The Mettemicn green is a-much m vogue s
tbe Bismaik brown; but nasturtium, or capj-
cine. is tbe great gun.
The odalisque nnnd and sash are made ot
plaited ma'ciial round the waist, and the s-t-h
ends are ornamented nitninnge. They are worn
on tht left t.iie tn fiont. The itiohes-e It K
which, passed through rings.hiDgs down behind.
N. Y. tier aid.
SPECIAL NOTICES.
IJhr atUUUonal Special Notiett tee the Second Page.
fSTr
AS THB TWINKL1NU STARS OO
rnt one hy one In III ko.tlen I'litrn of Hie
mn n. so the once popular prrrumes or tbe American
market la ImiIhii lulo obllvtnn hwoie the superior
r'almx t Pbalun's -TS Ight-Hlnoniins C'errun" tn
standard Pennine of the Western HeiuUphure. Hun-
ri i.fol jjvmwiai. it
jrT- A CONCERT OK THB SECOND
BIOTIUT rlIITBIT tl TT NJ II V Uf-tmrkT
of Qermantuwn, will be given at tha
TOWN HALL,
On 1UKSDAY KVJSKINU, December 3, 1SG7.
TICKETS 2S CENTS.
Proresaer K. m. rorier, ineuuua fianmt, will pre
side at tbe Piano. 12t2i
THE GREAT REMEDY.-
THE O RS AT REMEDY
THK QKKA r KKMUDT
IHKi UHKAT KKMKUY
THK (IHKAT RK.MKDV
THB GKKAT REMhDY
For the Cure of OnuitbH Colds. ConuniDtlon.
Asthma, llruiitbltla. Spilling of Blood, lloa..eiies
or lohH or Voire. Niglit fcweats, Hoi Tbro-l, Pali In
IbeHrieand Breutit, Wbooiiliig Cough, Palnliailou or
JjiHeaxe ot Hie Heart, ana all lompiniuts ot a Puimq-
tary mature. , .,
O V V I A. WJ Zt
WWAYNK'H
HWAYNB'tJ
BWAYNMS
SWAYMS'i
BWAYNK'tl
BWA N K'S
BWATNEM
COMTOUN D BY HUP OP
COMPOUND SVRDP OP
COMPOUND hY HOP OP
COMPOUND HYKUP OP
COMPOUND HYUUP OP
COMPOUND BY UUP OP
COMPOUND HYKUP Otf
COMPOUND 8Y ItU P Or
WILD CH KRHY.
VI LI) OHEKItY.
WILD t HKKRY.
WILD CHKHHY,
WILD CHEKRY.
WILD CHNKKY.
WILD CHKHHY.
WILD CHERRY.
Prepared ontv hv 1K MWA YNEA SON.
No. ajulsoitLfel JiTlt Htiet. ibiivn Vine. PhtladeU
jjiiiu. g iwwf
(TRENCH DRIE CHEESE.
I.OVER OF FINE ISPOBTED CHEESE
ARKIKTIT1DTO CALL IT HROtDAND
WALKl'TiAB FI M It Til KBE THE Vl'St.HT
VARIETY AND QUALITY Of C'HKESB IN
THE CITY. WE AUK IN KKi KIPT Or
TIKV CHOICE HKIE C1IEKME, CV
BIOIHLY HIT CP IN F At A IN BASK
El N, AND OF VEBa BICH FA.AVOB-
AINO, HOQlIKFOIir, STILTON, CH ED
lAE.EDAHI,PINEAPPLE,lnllATnNOr
JO I IIMB OI.OUCE9TKH, AND BICH
t BEAM ( I1EISE.
NEDrrilAlELAnD t'AHEWllEBT WILL
nKUECF.IV ED IN A FEW DAI'S.
SIMON C0LT0N & CLAKKE,
I, W. COB, BBOAD
10 22
Ana nAbaui aia,.
PHILADELPHIA.
QENTS' FUBX.iSniKQ GOODS.
JOHN C. ARRISON,
MOW 1 AND B N. II MTBEET, F1I1LA.
Would luvltw tbe attention of gemleiueu to hla ex
tensive assortment of
l-'UUNISHINQ GOODS.
Coii-lBtlDR of Bilk Sblria and Drawer
Canwrlght A Warner'. Merino Bhlrta and Drawer.
Lambt' wool ' "
Buckskin "
Cotton ' "
EiiKlleb Bwanadowu Canton Flannel, made to J
A.'t express order, tor Bblrls and Drawers,
Also, Gentlemen's Wrappers, Hosiery, Olov,
Blocks. Ties, eta etc 1 22rp
gPECIAL NOTICE.
UALtNCE OF IIHPOBTED FRENCH PUB-
MTIBE, SUITABLE FOB HOLIDAY
PBEMENTS,
Closing out at Iteduced Prices, at
MR I. LPTZ'S FUKNITORHS 8TORE,
11 8d lit No. in Boutb ELEVENTH Blreet.
HOLESALE
TJ XJ C I i O L O V E
t M AN U FACT VBEBU,
MoNKKliY & O O.,
11 fO wsmlmrpl NO. 6i N. FOVBTIl WTBEKT.
WH1TTEM AND VERBAL DKSORlP-
llons ol Character, wltb advice on Btiaiuens,
Ilballli, JuiuG4.uuu,ew).,ivi'D nany n;
tswsmep at No. TO CUtoNUi' (street,
c
OMPLIMENT8
OP
THE H E A H O N.
HOLIDAY PRESENTS
OF
VERY Oil 12 AT VALUK
FOB
VERY LITTLE MONEY,
EDWIN HALL & CO.,
NO. 23 SOUTH SECOND STREET.
Have an ei tensive assortment of nw an1 els.
cant GOODS. 8ILK9, 8HAWL1, VBtjVEPS.
CXOXHlNOand DKE-J UOOLM, wh!oi wll1
he offered at a still further reduction, thus
affording lo all an opportuul y to puroiiae
ut-eful and elegant presents for the lloll J iys, at
feuoh prices as cannot fall to give satisfaction.
SPLINDID OT10MA.N SILKS
At $2 50, Reduced from $5.
MOIRE ANTIQUES
At $350, Muccd from $5.
SILK CORDED POPLINS
At $150, Reduced from $2 25,
Haiii French Silk Poplins
Al $125, Reduced from $1"73.
All-wool
French Poplins
80 Cents.
at
French All-wool Poplins
at
87 Cents.
Tbe above are all New and Fash Ion able Goods,
'( holce Bhadea, aud well worthy tbe attention
of tbe publio.
TT1TI7T W TTAT.T. At m
12tmwflm4p " v"
1807. "CHRISTMAS." 1887.
The increased demand made upon
V8 last Clirhtmas for Fine Holiday
Goods, has led u$ to give a special at
tention to their production this season,
and we nmo have the pleasure of offer
ing the finest stock we have ever had.
With a view to enable purchasers to
supply themselves al all times during
the ensuing season, we have instructed
our Paris House to send us, as they
may be finished from time to time, the
most elegant selections from the various
European Manufactories, and we zvill
therefore be able to present a constant
succession of novelties during the en
tire month of December.
BAILEY & CO.,
No. sio ciiebnut btiikigt,
lOSwfm
PHILADILPHI A
TTOR TUE INFORMATION OF
HOLDERS OF GOVERNMENT BEOUBlTIEa,
who may wish to convert tbem Into the
FIRST MORTGAGE BONDS
OF THB
Onion Pacific Itailroad
Co.,
We publish below the terms npon which ihey may
now be exchanged at tbe omce of the Agents of the
Company In this city,
WH. PAINT tit ACO.,
HO. 86 HITH Til I HI) STHKKT,
We would to-day give these bonds and pay a dlfle-
ret.ee of
rafl'83 taking Tn exchange U. 8. 6'a of 188L
flMU do. do. S-20's of 182.
127 SS do. do. 20's of 1804. .
IS7 68 da do. 6-tc's of 188t, May A Nov,
1S1S3 do. do. e-jo's of '64, Jan. fc July,
fibl'SS do. do, 6-zii's of '67. do.
tua-83 do. do. t V ceot. 10 iis. do.
SIMMS do, do. Ts-10Cy. Juuelstue.
I1&31S do. do. 7 s-io Cy. July Issue.
(For every thousand dollars.)
We offer these bonds to tbe publio, with every con
fide 1 1 e In their security.
Philadelphia, Nov. 21, 1867. 12 2 tp
C'ti w a
N I CUTS IN SCOTLAND."
1
WTSrCAL FUND IT ALL.
MUHIUAL KUNIIHAM..
FRIDAY AM bATUKIY. DeO.ana7,
MR. KHNNKUV.
MK. KkNNKiiY,
The oelrbratad Hcoi.l.h V.."ils. v? n'
POPULAR I'M KttlAINalEJIA
RONOs'o ! " "oTL A N J.
Piano Forte KENNEDY
lxmr nnen al T. Commence at S o'oltck.
IKwmopfS nerved seain. cents.
Itokaufti'iare atTruiupler'i Muslo Btore. No. 034
Cneuut street.
se ww
525
m:
E B
op ns
UKION.' PACIFIC" -.RAILROAD
Running West from Oraahi
4Lcro tho Oontlnont,
ARE NOW COMPLETED.
This brings the line to the eaatern base of the
Rooky ilounlalus. and It la expected tnetthetraok
will be 'aid thirty nvltte further, lo Kvans Pass, lbs
lils best point oa the rood, by January. The mail,
mnm rade from tha toot of tbe movutalas te the
summit la but eighty foel to tha mile, while that ef
many East era rna'ts Is over one hundred. Work
In the rock-cottlng! oa the western slope will
continue through tbe winter, and. there Is bow ne
reason to doubt thai the entire grand line to the Pa
clflo will be open for business la 1S70.
Tbe means provided for the construction of this
Orrat Na.lonat Work ar. ample. Tbe United Statee
gran is Its Blx Per Cent. Bonds at tbe rate of Irons
i,00iPto(!,lX'0pr mile, for whloh It takes asaeaiMl
(rnas.ecurlty, and recelvea payment to a large If no
to the lull extent of Its claim In strvlces. These
Bonds are Issued as each twenty-mile section la
Al iened, and after it has been examined by United,
BtsUe Commissioners and pronounced to be In all re
spects a first-class road, thoroughly supplied with,
depots, repalr-abops.slatlojs, and all the necessary
rolling stock, and other equipments.
. Tbe Uotted B tales also makes a donation of 1ZSM,
acres er land to the mile, whloh will be a son roe of
large revenue to tbe Company. Muoh of this laid In
tbe Plane Valley is among the most fertile la the
world, and other larg portions are covered with
heavy pine forests aud abound in ooal of the best
qufllty.
Tbe Company Is also authorised to lisueltaowa
First JJorlKBge Bouds to an amount equal to the
istoe of tbeUovernm. nt, and no more. Uon. K. O.
Morgan and Hon. Oaket Ames are Trustees ler the
Bondholders, and deliver the Bonds to the Company
only as tbe work progresses, se tbat tbey always re
present an actual and productive value,
Tbe authorised capital ot the Company IsONK
HUNDRED WILLI N LOLLAtM, of wbloh over
live millions have been paid In npon the work already
done.
Earnings of the Company.
At rreeent, tbe pro Its of the Company are derived
only from Its local tralhc, but this Is already majh
more thin sufficient tj pay tbe interest on all the
Bonds the Company can Issue, If not another mile
were built, ft is not donbted that when the road la
completed the through tralllo of the only lias o.
nectiogthe Atlantic and Paolflo States will be 'large
beyond precedent, aql, as there wl l be no competi
tion, H can always be done at profitable rates.
It will be noticed tbat the Union Paclflo Rallioad Is.
In tact, a OovrnmeU Work, built under ths super
vision of Government ofllo-TS, and to a large extent
with U iverihtent money, and that Its bonds are
Issued under Government dlieolton. It la believed
tbat no similar security Is so carefully guarded, and
oeitalrlyno other is based npon a larger or more
valuable property. As the Company's
First MortQaete Bonds
Are off. red for tbe present are NINE IT CENTS ON
THE DOLLAR, tbey are tbe dbrapest security ,1a the
market, being more than IS per cent, lower than
United States Blocks. They pay
SIX PER CENT. IN GOLD,
Or over NINE PER CENT, upon the Investment.
Bub' crlptlons will be received In Philadelphia by
DKI1AVKN A B4OTUEjt.No.40B. Tblrd street,
WlLLiAat PAINTER Jt CO, 1NO. SS 8. Third sU
J. K. LEWAtm & CO., IN o, 2 B. Third street.
THE TRADESMEN'S NATIONAL BANK.
In 'W llmlogton, Delaware, by
R. R. ROBINSON A CO.
JOHN McLEAR & BON.
And In New York at the Company's Office, No. 24
NASSAU Street, and by
. CONTINENTAL NATIONAL BANE, 7 Nassau St.
CLARK, DODQK dt CO., Bankers. No. Si Wallst.
JOHN J. ClbCO & BON, Bankers, No. S3 Wall sU,
And by tbe Company's advertised Agents throughout
tbe United Statee. Remittances should be made In
dra.ls or other funds par In New York, and the bonda
v. Ill be rent free of charge by return express.
A NEW PAMPHLET AND MAP, showlaz the
progress of the work, and reeources for construction,
aud valne of Bonds, may be obtained at tbe Com
pany's Cfllces, cr ol Its Advertised Agents, er will be
sent i ree on application.
JOHN J. CISCO, TBEASfJBER,
NEW7 YORK.
November 23. 18OT. U2Smwl8t
& C. A. WRIGHT,
No. G24 CIIESNUT Street,
HATE JUST DECEIVED A LARGE AS
KOUT31ENT F NUV AND ELEGANT
FANCY ARTICLES,
Selected In Europe this season for their
NOVELTY AND BEAUTY,
ESPECIALLY FOB
CHRISTMAS PRESENTS.
AImii, a large and beautiful assoitmeut ol genuine
MEERSCHAUM PIPES,
Wliluh tbey offer for sale
1127 wfml2t
AT VFJtT REDUCED PBICEsl.
FOUKTK ANNUAL SALE
OF TDK
AKTISTS' Ft1D SOCIETY,
WILL TAKE PLACE AT THEIR GALLERIES,
NO. 1334 CIlEMNin WTKEET,
ON TUESDAY EVENING, DEC. S, 1S7,
AT 7 O'CLOCK.
X X B1BITION NOW OPEN. 11 80 8 1
rOINT BREEZE PARK.
TUESDAY Afternoon, December t. 1867.
If He Heats, a In S, to Boad Wagons. Good day and
tiack. Three best road hersos In tbe city.
Horses to start at ( o'clock P. M.
3 M. Ham 111 names b. h. MAY DOT,
Owuer uemes b. in. (lAZKLLK.
Owner n.ims b. li. hi K 1 II M'RK.
1 be prlvilegn of a member Introducing a male
friend without ay Is suspended.
OmnibiiHes will sisrl tor tbe Park from Library
street at j o'cio. k P. M 11 J0 2t
TV- FOB BALK A
PA I It OF" ItBAUTI.
T3V I"!
I Mbv HBinlileionlHil HUltMKH, IS I hands
l.ihu, mill sound In every psrilcular. Prompt drivers,
and Ic l lend nf liK-oinullvort. luuulro At zt H
L1WU1 H.HJSTii bUoel. 11 U lt