THE DAILY EVENING TELEGRAPH PHILADELPHIA, . FIIIDAY, DECEMBER 13, 18(3T.
SPIRIT OF. THE PRESS.
JB1T0B1AL OP1KIOBH OF TBS LEADING JOURNALS
BFOB OrhBESt topiob COMPILRD EVKUT
DAT FOB THB EVENING TBLEOBAfH.
?ur National Klnnnrti-Tht Teachings
...V . or lliklory, , . '
from the N. Y.lIeruhU
A considerable portion of the sessions of
iptbllouses of CoDgresa on Wednesday was du
Ibted to the consideration of the Important
(jtiestion of the national Cuauoes. If those
f lto clamor for the immediate resumption of
Ieoie payments would atudy history, they
might learn the danger and impracticability
of their course. But they are for the most
lart mere theorists, superficial, people of one
idea, and Incapable of learning either from
Ugtory or experience. The more Ignorant
they are the greater their pretensions, and
Ihe more noise they make. The newspaper
organs in this city of both political parties,
and a portion of the press elsewhere, kept up
A constant cry until lately of on to specie
payments. Though some of them have abated
their tone, and show signs of change since
public sentiment and the representatives of the
people in Congress have declared against their
theory, still the radical Chase organ here
keeps up the senseless cry, just as it did the
"On to Kichmond cry" which resulted in
the Bull llun disaster. Strange to say, these
lesumptionists take their ideas, such as they
are, from the same class of theorists in ling
land who brought that country to the verge
cf revolution, and who have burdened it with
a stupendous debt that can never be paid.
The same causes operated in this country
and in England in causing a suspension of
specie payments. A gigantio war in both
oases was the cause. The great revolution in
J'rance that begun in 1789 soon set Europe in
blaze, and England was plunged into a long
ind exhausting war as the consequence. Pitt
lommenced the anti-Jacobin war in February,
1793, and in February, 1797, a Cabinet meet
fag was called in London to deliberate on the
Ebancial diflicultirs of th'j country, and the re
lult was specie payment was suspended the
next morning. Y&mt became the currency,
and remained so for twenty-eight ' years.
"This admirable system (of currency) arose
from absolute necessity," the historian Alison
says, and "it brought England victorious
through, the war." No serious efforts were
made to return to specie payments while the
war lasted; for that was an impossibility.
The war ended with the battle of Waterloo, in
June, 1S15. Then the bullionists, backed by
the bondholders and great capitalists, com
menced to clamor for resumption. They in
silted that it ought'to take place six months
after the war closed. The Government, yield
ing to this pressure, fixed the day of resump
tion in July, 1816. In 1815 gold rose to forty
premium. We have not sufficient data to state
what the amount of paper circulation was
Bank of England notes, country bank notes,
Treasury notes, and all but there could not
. have been much less than we have now in cir
culation. The efforts to force speoie payments,
therefore, immediately after the war, necessa
rily proved a failure.
Boon after the Bank of England began to
contract, in accordanoe with the action of the
.Government, agricultural and commercial dis
tress of unprecedented severity commenced.
Mr. Tierney stated from his place in the House
OI Commons that "the people of England
. were sullering more intensely than at any
period since the Norman conquest." The
' bankruptcies in lSl(i were two thousand and
eighty-nine, being an increase of fifty-live per
cent, over tuose in the preceding year, xtie
manufacturing, commercial, and agricultural
interests all suffered alike. The consequence
was that the Government had to bring in a
bill to postpone the resumption of specie pay
' ments lor two years, till July, 1818. Under
thi3 reprieve industry revived and the down
ward course of the country was arrested. In
, the first of these years 1817 the bankrupt
,'ies were nearly filty per cent less than in 1S1G,
and there was a still further decrease in 1818,
the year following. Trade, commerce, and in
dustry of every kind' revived when contrao
lion ceased. But Ihe resumptjonists were not
eontented with this encouraging state of
thiDgs, and the Bank of England made an
other effort in October, 1817,'to resume specie
payments.
But this experiment soon failed, and the
Government was then oonvinced that it would
not do to attempt to resume at the time fixed
in 1815; consequently a bill was brought into
' Parliament and passed extending the time to
July, 1819. Then, again, as the Prince Regent
said to Parliament, "the commerce and mauu-
factures of the country were in the most nour
ishing condition." The Government being
disposed to act upon the principle of letting
:' well enough alone, wished to postpone a forcing
process of resumption; but the bullionists were
powerful and carried a resolution in Parlia
ment, which, was introduced by Mr. Peel in
May,, 1819, providing for aa partial resump
tion in February, lb2(, and for a total re
gumption in May, 1821. Immediately on tke
passage of Peel's bill severe distress and fear-
fnl riots began. To use Mr. Allison's ex-
pressive language, "the industry of the nation
-' was Fpwedily congealed as a flowing stream is
: by the severity of an Arctic winter." The
. Government felt sorely the effect of contrac-
tion, as well as the people; for the revenue
, fell far short of what had been anticipated.
It was not, however, till several years after
waids that is, till 1824 that specie payment
was entirely resumed. Eight years England
Lad been passing through this struggle, aud
, , then in the end what was the consequence ?
Ihe teriible revulsion of 1825, when the most
Unprecedented sullering occurred. The ruin
Was universal, except among the bondholders
ftnd the very rich. The foundation of that
appalling pauperism which pervades Great
Biilain, and has pervaded it ever since, was
then laid. Revulsion after revulsion suc
ceeded lor a long period, and even to this"
. day England reaps the bitter fruit of her mis
taken policy, indeed, she will reap it for
ever through her flight ful incubus of national
deut and her minions of paupers.
Such, briefly, is the history of British re
gumption oi lorcing payments before the
country was prepared for it, au,i before a por
tion, at least, of its enormous debt VfL4 1 itl lit-
dated. Yet this is what our crazy resnmntinn
theorists and stupid Secretary of the Treasury
would bring us to. But Congress. r
Larry to say, shows more wisdom; for it
fieems determined to stop contraction of the
currency, and to give relief to the industry
. nnd trade of the country, wiilcu air. flWCul
loch. was fatt paralyzing. Biill there is a
mighty power, as there was iu Euglaud, in
the bondholders and capitalists, to overcome.
Tiny will move heaven and earth to force
sptoie payments in ord-r to increase their
Vtalth, no matter who suffers. The currency
is the lifeblood of the nation, and if that be re
duced we shall suffer all the evils that Kuglaud
Bul'ered. With our increasing population,
wealth, and demands for an extended circu
lating medium, we shall grow up healthfully
to specie payments in th course of a few
years. Let well alon, then, .should 1
our motto. AH we want in a little tune and
healthful exercise to get well, and not finan
cial quackery.
Prog rt i a of Uecouslrnctloa.
From the N. Y. Time.
Far removed from the sphere of the Reoon-
stiuction acts, and with none but fragmentary
and often contradictory accounts of their ope
ration, we do not realize, perhaps, the steady
progress which has been made towards the
point at which the responsibilities of Congress
will begin anew. We scarcely appreciate the
fact that one of the excluded States will shortly
vote on the proposed Constitution; that in
three others Conventions are in session; that
in five more the holJiug of Conventions has
been formally carried, and that in the tenth
State the preliminary business of registration
has just been completed. So the case actually
stands. Alabama has advanced the furthest,
and Texas brings np the rear. Virginia.
Georgia, and Louisiana have delegates at work
in their midst. The Carolinas, Mississippi,
Ark ansas, and Florida are the States in which
the Conventions, though sanctioned at the
polls, have yet to assemble. Mr. Wilson's
exultant remark in the Senate, the other day
that "reconstruction is sure to triumph, in
spite of all that may be said about it" really
seems not to be an exaggeration after all.
There is, nevertheless, a probability that in
one, if not two of the States, the work of the
Conventions will be defeated when submitted
to the people for ratification. Etforts are con
templated with a view to this result, . as the
readiest mode of defeating reconstruction;
the course proposed in each instance being
mere passive resistance, which by an extra
ordinary provision of the law is made equal in
efficacy with actual adverse voting. General
Wright, of Georgia, speaking in the recent
Conservative Convention, said of the Consti
tutional Convention which is still sitting,
that "it was not carried in the black belt of
the State showing that it was not the action
of the blacks, but the inaction of the whites
which carried it." The same inaction, waen
the Constitutions shall be submitted, may en
danger their ratification, and so delay recon
struction iu the State or States immediately
concerned.
tilt Is to obviate thi3 difficulty that Mr. Wil
son proposes to amend the law by requiring
only a majority of the actual voters instead of
a majority of those registered. This change,
though removing possible contingencies,
would not avail in Georgia, if the opposing
whites substituted for the policy of inaction
that of hostile voting. In either event, they
may interpose delay, and give rise to an irri
tation which for their own sakes we would
gladly see averted. For, in the present con
dition of affairs, dogged, unreasoning opposi
tion, predicated on the doctiiue that "this is a
white man's government," exclusively, oan
not benefit them in the slightest degree. By
accepting the situation under pretest by
using the power which the law vests in them,
in common with the freedmen. with nrudenoe
and forbearance they might hope for timely
In eA !(lotiAtiD rf 4 tin n si aC ". - T
uvi-auvvvu v tu AirbaUAi VI VUU1I COB ILL
Georgia, indeed, according to their own show
ing, they might have obtained control of the
Convention, and drafted the new Constitution,
subject only to negro suffrage and other un
derstood resolves of Congress.
Their unyielding attitude deprives them of
the weight they might otherwise have exerted.
and will afford a plausible justification of any
further measure which Congress may employ
to carry out its purposes. The Georgia Con
servatives lack the proverbial astuteness of
Northern politicians, if they suppose that by
active or passive resistance to the present law
they may compel the offer of better terms.
Enough has transpired both in the Alabama
Convention and in the Senata to show how
quickly and even generously friendly effort on
the part of ex-Rebels is reciprocated. Neither
vindictiveness nor partisanship prevents the
recognition of aid rendered by former enemies;
to them, at any tate, the punitive features of
the law will soon be harmless. The position
of the Conservative Conventionists, who
undertake to say how reconstruction shall be
managed, will be essentially different. They
forfeit their title to consideration when they
revive exploded nonsense touching the alleged
exclusive rights of white people.
Jt must be admitted, moreover, that despite
the defects of the law, the steps thus far taken
m the bouthern btates have not veriiied the
predictions of those who saw in universal
suffrage a prelude to anarchy. Our own
opinion as to the danger aud undesirableness
of universal negro enfranchisement is un
changed. We should prefer impartial suffrage
based on some qualification of intelligence or
property, and still hope that a check of this
nature will be imposed when Congress finally
decides the question. Apart from this opinion,
however, we see no cause for immediate unea
siness except In the voluntary isolation of
the majority of whites. Their refusal to co
operate with the blacks on any terms save
those of the white-man's-Uovernment theory
is a greater cause of apprehension than any
thing we have discussed in the conduct of
black conventionists.
Nothing is more easy, of course, than to
trace absurdities in the sayings and doings of
men who now for the first time wield the privi
leges of citizens. Their ignorance and inex
perience furnish ample opportunities for the
unfriendly critics who sit iu judgment over
them, and who hold in their hands the key3
of the telegraph and the press. None who
knows how little conscience has to do with the
preparation of partisan newspaper stories,
can fail to make large allowance for the ver
sions of proceedings in conventions which
have furnished themes of ridicule and indig
nation to certain of our contemporaries. We
can readily believe, too, that many of the
delegates cannot write their names, that more
know little of the forms which regulate publio
bodies, and that the great majority are pro
foundly ignorant on the subject of legislation
and government. Grant all this, and grant in
addition that negro supremacy would be more
dangerous than white supremacy still the
fact remains, that up to the present time you
will look in vain for extravagant or harsh pro
visions. Confiscation has not been heard of;
nor have sweeping political disabilities found
favor. There has been too much fondness for
;itr ilittn allowance, perhaps, but this is a weak
ness for which precedents might be found
much nearer than Alabama.
The Virginia Convention, as our correspond
ent reports, gives promise of moderation and
discretion, aud we hope for similar character
istics in the Conventions yet to oome. Ala
bama alone has a constitution ready for the
final vote, and though some of its details may
be iiMully amended by Congress, its general
features are not discreditable to the spirit of
the body that framed it. As its main idea is
,'tLeJlvl aud political equality of all men,"
the disabilities it imposes are few and reason
able, it not altogether just. Considered alto
gether, the instrument will bear comparison
with constitutions prepared in more favorable
circumstauces by conventions whose eagaoity
litniocratio oracles never questioned.
nadlrallam Contentions.
Cftn they. Y. 'jYibunr.
Mr. Ioolittle's proposition to rtneud the I-coni-tinction
act, by restricting pnffrage in the
South to the whites and such blacks as havo
served a year in the army, or can read and
write, or own' $250 worth of property, is
oi no legislative value. A year ago some such
legislation, if proposed by the President'
spokesman : in the Senate, might Lave been
accepted as a compromise. Two years ago it
would have been joyfully agreed to by nearly
every radical. To-day it is valuable only as
the surrender of a prejudice aud .the abandon
ment of a political blunder. It is an admis
sion by the champion of the President's policy
that color should not debar from the exercise
and enjoyment Of political rights, and that re
construction on the Lais of an extended suf
frage is an irrepcalaWe and accomplished fact.
The New York World and Chicago Times long
since surrendered to the Republicans on this
question between prinoiple and prejudice.
Senator Poouttle takes the earliest oppor
tunity to reverie his sword holding it by
the blade, and proffering ns the handle. We
accept it. We release these prisoners of war
on narole.
But now that they have conceded the prin
ciple, viz., that color is no Just bar to the ex
ercise of political rights, it is mare guerillaism
for them to contend that any higher or other
qualifications should be required of blacks
than of whites. The present Reconstruction
law makes no distinction founded on color. If
any blacks have served the Rebellion in an
official capacity, or violated their oaths in an
effort to destroy the Union, they would be ex
cluded by the same law which excludes
whites. What can be gained by bushwhack
ing after the Richmond ot Democratic preju
dice is fallen ? Better follow the example of
Lee aud Johnston, take a clean bill of health,
and start again.
Gold, and the Premium Thereon,
From the N. Y. World.
The decline in the premium on gold to 134
has disturbed many speculative theories; and
it were well, perhaps, to consider some of the
causes of the turn the market hai taken.
In the first place, then, the "bull" move
ment in gold received a serion3 check from the
result of the October and November elections,
which foreshadowed a suspension of the im
practicable' schemes of a radical Congress, and
the defeat of their purpose to seize upon the
exeoutive branch of the Government; aud as
the apprehension of political disorders in this
country was one of the reasons which many
gave lor hoarding gold, this prop to the pre
mium ha3 been thereby removed.
Secondly, the large exports and the dimin
ished imports of merchandise have, if not
turned the balance of trade in our favor, at
least reduced exchanges to a point .at which it
has not been profitable to export gold. Con
sequently the twenty-four millions which the
Government has paid out for the November
interest has remained a dead weight upon this
market, costing the holders a large percentage
to carry it, till, tired of the burden, with little
prospect of a rise, the number or sellers has
constantly increased.
Again, gold was in a measure supported by
larce foreign houses, wlio hoped by this means
to maintain the prices and improve the demand
for their merchandise. Mauy of these houses
have latterly failed, and the gold they held has
come upon the market for sale, adding to the
supply that came from the Federal treasury.
Fourthly, the dull trade has reduoed the
demand for gold to pay custom duties, aud
thus deprived the market of one of its most
effective supports.
But perhaps the mast potent influence in re
ducing the premium on gold is the culmina
tion of all the speculative theories upon which
the premium has been sustained for many
mouths at considerably above its mercantile
basis. The time has arrived when nearly all
holders expected a considerable advanoe,
which would pormit them to "get out" at a
profit; consequently, the market is one in
which, to use a commercial phrase, "there are
more sellers than buyers."
Ihe course of gold in the immediate future
is a subject of active discussion in commercial
circles. It seems to be taken for granted that
Congress will content itself with stopping con
traction. The exports, from the rapid move
ment of cotton, are maintained at large figures,
winle imports are on a very reduced scale.
There is no apprehension of a renewal at Wash
ington of the violent political scenes of the past
year. The Federal treasury will disburse
about thirty millions of gold in January. But
on the opposite side, and more powerful than
all these, is the question oi the price ot fede
ral bonds in the European markets. Gold
will decline just as far as the bonds will ad
vance in London and Frankfort, in response
thereto. When our bonds cease to advanoe
abroad, a decline iu gold here will bring them
home for sale, leading to shipments of gold to
pay for them; and thus an equilibrium will
soon be established.
Mr. Morrill' Plan.
Prom the y. Y. Tribune.
We published recently a speech of Senator
Morrill, embodying a plan for the resumption
of specie payments. He proposes that the
Government enact now that it will resume
specie payments on July 4, 1809. lie regards
it as important that the publio shall be given
time to prepare for the event. Is he certain
that the portion of the publio now opposed to
specie payments will not, instead of preparing
to rtiume then, prepare to repeal the act ?
lie estimates by a process which is too cir
Aiiitnn to be convincing that we now have
f40li.000.000 of gold in, the oountry. We
hope we have. If we Lave, we are not likely
soon to have any more. We should be glad
to tee it pointed out. The Sub-Treasury
has $100,000,000. Mr. Morrill states the
amount in the hands of the national banks
on the 1st of October last at $10,25(3,130. The
specie in the banks of the city of New York
is staled for December at $10,805,254. Where
is all the rest of this gold which Mr. Mor
rill's estimate calls for f Is it conceivable
that the American people, nine-tenths of
whom have not see a gold coin in five years,
are hoarding in their stockings and hiding-
places more gold than the total in the country
amounted to in 18G1 f Heartily as we would
reioice to know that the quantity of gold has
increased during the five years in which we
have had no use for it as money, such a phe
nomenon would violate all precedents. Mr.
Morrill also proposes that the National banks
irt reouired to keep on hand as part' of their
reserve the gold which the Government shall
pay them as the interest on the uonas depo
tdtfd bv them as security for their circulation.
If they already pay in taxes $5,000,010 more
than they receive in interest, this will be no
small burden to them; yet any move which
tends to base our currency on specie is eutitled
tn retnectful consideration. Mr. Morrill thinks
the elleet of solemnly enacting that the Gov
ernment will resume specie payments on
.Tnly 4, 1SC9, will be J,hat the premium on gold
will gradually decline,' nutil at that date it
will btand at par. Wh do not see any such
power In a mere act of Congrews over the price
of gold. We can see that if gold is ma le arti
ficially dear by hoarding it, the price will so
up; and if it is released from confinement, the
pvfiuium will go down. ; Mr. Morrill fails to
show in what way we will be in any better
position to resume in 1809 than we are now,
unless his simple assumption be correct, that
the effect of piomising to resume then will
gradually remove the premium ou gold. This
aetimption we utterly deny. The prioe of
gold then, as now, will depend on the propor
tion of the supply to the demand. If the Se
cretary of the Treasury boards then as he
does now half or two-thirds of all the gold in
the oountry, he will have the same effect to
keep tip the prioe of gold by dimin
ishing tile supply that he has now, and ou
Jnly 4, 18G9, gold will still range at 130 to
140. This being t rue. Congress will then be
under the same inducements to repeal or ex
tend the law now proposed by Mr. Morrill as
it is now under to pass hi J law postponing
specie payments, and there would be an end
of the "remedy." There is no use of ad
ministering sedatives to a patient that is
already in a stupor, or of contriving plans
whereby the return to specie paymeuts may
be postponed, when that result can so much
more easily be accomplished by simply doing
nothing.
The Cottoo Tux,
From the N. Y. World.
From the time the cotton tax was first laid,
in October, 18G2, until August 1, ISM, the
rate was two cents per pound; after the latter
date it was increased to three cents, where it
remained until last September, when the two-and-a-half-cent
rate took effect. During this
entire period - the publio treasury has re
alized net proceeds from this Bingle souroe
amounting, all told, to less than fifty millions,
while we venture to assert that foreign nations,
but England particularly, taking advantage of
the burdens which retarded our cotton manu
facturing Interests, have been benefited to an
amount not less than two hundred and fifty
millions in the displacement effected in this
branch of our trade in the markets of the far
East, where we have held suoh stubborn, aud
promising foothold, to the chagrin of the Bri
tish manufacturers. Uow much more we are
yet to be displaced in that trade remains
to be seen, liut it the tax ou cotton is to be
retained, even for another session, we can
readily answer that question. Cling to that
drag, and we shall lose the trade. Cast it off,
and we have serious doubts as to the length
of time it will require even then for us to re
gain me gruuuu iobi aueaujr.
in considering tne question oi repeal, it be
hooves Congress to reflect that during the war
which, virtually put an end to -our trade in
this channel the whole bulk of which was
relinquished to competing nations our Btiffest
rivals were not idle, livery sinew was strained
to improve to the uttermost our absence from
the coveted markets, and to bo effectually
weaken our hold there as to prevent our future
control of the trade on the termination of the
war. No stone was left unturned no plan un
tried. Government patronage; publio and private
enterprise; combined and individual eiiorts;
heavy aggregation of capital; the stimulus of
deep national jealousy, and a general com
plete appreciation of the incalculable import
ance ot success m the undertaKing, were
among the iniluences that were at work
against ub; to ny nothing of the intense
zeal that was certainly imparted by the reali
zation that it was then or never with them
that we might never again be so entirely and
so long absent from the great commercial
arena of the world. And what was the result
of all this energy, skill, and capital ?
The result was that England, which, sent
from her shores in 18G0 cotton goods valued
at two hundred and ten millions, exported in
18G3, of these goods, two hundred and thirty-
seven millions worth; in 1SU4 two hundred
and seventy-four millions; and in 18G5 two
hundred and eighty-six millions showing an
increase or seventy-six millions in live years,
at our cost, mainly. Retain the tax, and you
lessen the cultivation of the product in this
country, and impart, of course, appreciable
stimulus to cultivate elsewhere. India,
Egypt, and Brazil are all experienced iu the
production of the staple, and possess large
facilities therefor; and the chief reasons why
the American growth was used in preference
to that of these other countries were because
of lower price, better start in the market, and
adaptation of machinery to its length of
fibre. Let America burden her growth with
oppressive tax, thereby increasing the cost,
alloid her rivals more room, and encourage
alteration of machinery to suit other growths
than her own, and no more could be asked by
the most exacting of her competitors.
Trade bulletins show that in 18U0 our cotton
sold in the Liverpool market at eleven and a
half cents; Brazilian fifteen aud a half; Egyp
tian the same; and Indian fifteen: and that in
18i4, in-the same market, American cotton
sold for fifty-live cents; Brazilian, fifty-six;
Egyptian fifty-five; and Indian, fifty-four. In
1804, England paid over four hundred and
twelve millions for cotton, against two hun
dred and five millions iu lbCO. Nine-tenths
of the stanle used bv Great Britain iu 18G0.
and nearly eight-tenths of the quantity used
on the continent of hurope, was American;
while in 18G4 we were last ou the list of sup
pliers. If Congress would know the success
which has rewarded England's exertions, let
it be t-een in the fact, pregnant with signili
cance for this country, that she paid the East
Indies more than one hundred and seven mil
lions for cotton in 18G4, and Egypt over sixty
six millions; and that neither of these coun
tries received more than seven millions the
year preceding the Rebellion.
The prompt repeal of this tax is demanded
by every consideration for the true interests
of the country and by every principle of sound
political economy.
It is no time uow to permit the influence of
tectional views, or to cavil about one part of
the country bearing less of the publio burden
than another part. The fact stares us ia the
face, we are rapidly losing prestige aud control
in important markets abroad, because ot ill
advised measures at home, and the longer we
delay application of the remedy the greater
will be the damage incurred.
Kapoleou' Nw Failure.
From the N. Y. Tribune.
It is bow fully four weeks that Napoleou
has been trying to persuade or to coax the
Cabinets of Europe into au acceptance of his
proposition for a European Conference. Dur
ing this time the official and semi-official press
of Taris has made the utmost eflorts to make
the world believe iu the entire success of
French diplomacy. We have, consequently,
been repeatedly informed by the cable that all
the Powers had agreed to the Conference.
But, as in so many other cases before, time
has iliowuthe assurances of the French Gov
ernment premature, its movements being
L D
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LABGFST
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Lend
S. -
HENRY
Ncs. 218 and 220
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UIIIMIIIlIlTlli: KAMF "IO THE HtAE,I9 LOIS, OS YKKm ADVAXTAttiO C
Their Stock of Bye Whiskies, in Bond, comprises all the favorite brands extant, ana rung
through the various months of 18C5, 'GO, and of
Liberal contracts made for lots to arrive at
WhBrf, or at Bonded Warehouse, as parties may
obviously intended to mislead publio opinion ;
and the latest despatches indicate the probable
failure of the whole plan. Jinglaud, t'russia,
and Russia had .from the beginning shown
indisposition to take part in the Conference
unless France would submit a definite proposi
tion for the settlement of the Roman question.
All these three Bowers appeared to sympathize
more with the aosire of the Italian Uovern
ment to complete the national unity than with
the argmments of Louis JNapoleon in favor ot
the French intervention and the maintenance
of the temporal power.
It is now reported from burope that a speech
of the French Minister. Rouher on the Roman
question will probably defeat the plan of a
conference, as it seems to prejudge the wnoie
case. What were the sentiments of M. Rouher
on the subject can be but imperfectly derived
from the brief, and perhaps iuaccurate,
wording of the cable despatches. They make
M. Rouher say that France ia not opposed to
Italian unity, but objects to Italy taking
possession of Rome y lorce. unis- woum not
exclude the agreement of France to a
new European convention, which, would
transfer the greater part or the whole
of the Papal territory to Italy; but both the
clerical party in France, and the Governments
of England, Prussia, and Russia, nave consirueu
the speech as an adoption by France of the plan
of the clerical party. If the construction put
upon M. Rouher shall prove to be correct, the
conference will probably not meet at all.
The Alonittur assures us that the negotia
tions for the meeting of the conference are still
continued, and the Government still hopes to
carry its point Ve are liKeiy to learn now
within a few days whether the announcement
of the Monitfur is oorrect or incorrect. But in
either case it is almost oertain that the in
fluence of Napoleon will be insufficient to se
cure any permanent " guarantees for the pre
servation of the temporal power.
QREAT REDUCTION,
FOIt THE HOLIDAYS,
IN Oil. PAINTIX,
C1IROMOH, AND
EXG BATING.
UANTEIi AND PIEB
LOOKING GLASSES,
IN UK EAT VAUIETT.
NEW ART GALLERY,
F. OOLATJD & CO.,
H 1 2iu2p ISTo. 14 AllCil treet.
HOOP SKIRTS.
028. VM. T. HOPKINS, 623.
MANUFACTURE!! OF FIEST QUALITY
HOOP SKIRTS,
FOR THE TRACE AND AT RETAIL.
NO. 628 ARC II STBKIET, BELOW HE
TENTH, PHILADELPHIA.
Aino dealer In full lines of low-priced New York
aud KuBlera made bklrls.
All the new and deslmbio RVfiwanasiEe. or Laieo-.
MlHsea', and Ctilldrpn'i Hoop-Bklris constantly on
bund and made lo order, embracing the largest and
must varied auuoruneut In till market, at very mode
rule prices.
very lady should try "O ir Own Make" of Hoop
Bklrta, as they bave no equal.
Houliiern, w extern, ana uei.r itrub Duyers una
It to their Interest to enmimi our goods.
Catalogues of styles, sizes, and prices sent to any
address. S 17 8m
REMOVAL.
EIIOVA L.-B E 1 O V A I
C. W. A. TRUMPLER
HAS KEKCIID HIS MUSIC STORE
tKOM HKTKNTU AND 11 ESN ITT STS.
TO
JSo. 926 C1IESJSVT STREET,
8 12tirp PHILADELPHIA.
FOR SALE.
FOR BALE THE 6TORE3 No. 11 AN'D
I "1 1 b'IRA WUERKY btreeU Ponsewiloti llrnt vt
lit year. Apply to C11A11LK.S UllOAlJS,
12 7 til
No. 80 South SEVENTH htreet.
TO RENT.
T o
LET,
Third-Storv
Large
Room,
Well Lighted, wllb or without Fovrer,
APPLY AT
ue if ho.ios south tiiiiidstI
BOARDING.
F
IK8T-C1.AS8 BOARDING.
Central locution. No. 1121 OIRARD Street, west of
Eleveuth, above Cues nut street. A handsome second
story front room, uufuriilshed , U"w vacituu
MILLINERY. TRIMMINGS ETC
rk-A MRS. R. DILLON.
KOK. 043 AI 831 KOUTM 1M-
rinsfcll the novelties In FALL MILLINERY, foi
Lada s, tl loses, and Children,
Alvo, Crape. Hlks, nihDons, Velvets, Pldwera,
J-taaers, i'tamt. Wfc Wlllmerg supplied. 8 101
W H I SKI E S.
AND 1JEST STOC1
RYE W H
OF
I
s
i: i
Is now Possessed
IIANNIS
by
&
CO.
tenth FRONT Street,
this year, up to present date.
Pennsylvania Eailroad Depot, Ericsson LI
elect.
SPECIAL NOTICES.
' NEWSFAPLK ADVERTISING. JOY
COB & CO., Agents for tli "Tklksbaph"
and Newspaper Pre or tne whole country, bavs RE
MOVED from FIFTH and CHKSNI r Htreets to No.
144 B. SIXTH Btreet, second door above WALNUT.
Offk bh:-No. 144 B. BIXTH Street, Philadelphia!
TRIBUNE BUILDiNftW. New York.
UNION LEAGUE HOUSE
I'lm.ADKLt'IA, Hoe. M, 11C7.
At a meeting of the UNION LKAWfJKor Hlilludel
phla, held Mondny eveuing, December Ulh.tlie fol
low Inn . Ulcers were elected to serve lor the eiiMilnj
year:
l'HKMOENT,
J. GILT.l N 1 1 A M KF.LL,
WILLIAM 11. A8IU1UH3T..
1IOKACK BINNKY. Ja ,
ADOLPH K. HOKI K.
MORION MCM1CUAEL.
IURKC'TOll.
CIIARLKs UIBHOVR,
(iKOKUK 11. HOK'KH,
LINDLKY NMYT11K,
DAM HI, HM 1 1 11, Jit.,
WILLIAM HKLl.kttS,
JAMKS 11. OKNE,
EDWAKl) S. CLARKE,
EDWARD BKDWNiKU,
Bl'EPUEN A. CLUWELL,
A. a. KANCI-HJUd,
MFOKQK J. ft KOS,
JOHN V. VEKKER,
. JAM KB I. CL4OU0RN,
HENRY V- LEA.
BiUKDEIU LKW1S.
OEORUE n. BOKF.R,
12 11 6t secretary.
EgF OR AH I) UNION PA I R
OF
Baptist CImrc.it s or Philadelphia,
' IX AID OP
THE MEJIOIIIAL liAFTIST ClIAPEL,
now being erected under the aucnlces ofthe CHTTRCTt
X'I N.-KN CUMAII-MION, Is NJW OPKNAf
CONCERT il ALL, fciid will continue for one week.
Anexi'elirni selectlnu ot FANCY, nsJtr'UL, AND
BKAMW ARLHi ARTICLES will be on sn'e at reason
able prli.es at the taMe of the dllIrentChnrohes.
ALL CHAM'ES, VOTING, HOHIUMKS. ETC..
WlLi.BKBlRIClL PnOUBITED DURINQTHK
FAIR, and these ohjectlonanle features being dis-
allowtd, the patronuge aim support oi ine ueno'ni
nation and public generally are earnestly solicited
and expected. . ..
Tickets can be procured at the Baptist Publlcatton
RooxiiB, No. 530 Arch street, and Iroru the Huperlnten
dents and Teachers of the Various UaptlHt bunday
Schools. liiutuihiat
EST"
GIBA11D NATIONAL, BANK.
PHH.AUEl.eniA, Dec 6. 1SII7
Tha Annual Meetlncr ot the block holders tor the
election of Directors and other purposes will held at
Ihe BAN KING HO'JrtE on WEDNESDAY, the 8tu
day ot January, IH. at 12 o'clock- M.
The election will be held between the boars of 10
A. M. and 2 P. It.
t 6 l.H W. L SCH A FFER. Cashier.
' FARM E US' ASD M ECU AN ICS'
NATIONAL BANK.
THiunm,rHi, ic. n. wh.
The Annual Election for Directors ot this Hunk Will
beheld at (he Banking House on WEDNESDAY,
the hlli day ol Janunry next, between the hours of 11
O clock A. IL and 2 o'cioi k P. M.
12 6 1 18 W. Rt'SHTON. Jr., Cashier.
I COMMERCIAL NATIONAL DINK OF
PE&NbYLVAN IA.
Puir.Mir.T.ptrtA, I0. 7, 1M7.
The Annual Election for Directors ot ilrs Bin It
will be held at tli llnnklnt; lluut-e on WEDNES
1)A . January b, lsut, between the liour.iofloA.il, .
and 2 1'. M.
lit) niwl lit B. C. PALMER Cashier.
gggf- WIEGANU'S PATEKT STEAM GENE
RATOR Is cheap, compact, economical In use,
and AEbOLUTELY SAFE FROM ANY POSSI
BILITY OF EXPLOSION
Apply at the Olllce of SAMUEL WORK, N. E. cor
ner of THIRD and DOCK Streets. 13 4p
BATCH ELOR'8 HAIR DYE. THIS
splendid Hair Dye la the best lo the world.
The only tme and turfrct Dye Harmlenn. Reiluble, In
Blantaueous. Ko disappointment. No ridiculous tints.
Natural Black or Brown, Remedies the ill effects of
Bad Jif. Invigorates the bittr, leaving It soil and
beamtiul. The genuine U slgnod WILLIAM A,
BATCH ELOR. All ol hers are mere Imitations, aud
should be avoided. Hold by all Druggists and Per
fumers. Factory, No. Hi BARCLAY birmn, New
York, 6fuiw
CLOTHS, CASSIMERES, ETC.
RETAIL AMD WHOLESALE
CLOTH IIOU8E.
WH. T. SKODGRASS & CO.,
(l. 81 SOI Til SECOND MTIIEET,
Announce a fresh Importation o
lull I EN TEIVET CEOTIIS,
IIUIIDATIIIN,
AM'IHACHANS,
TELVETEEWS,
CHINCHILLA,
TirrTEl HEATER.
ETC. ETC. ETC.
Alio, a large and varied assortment of GOODS
adapted forMeoUi and BovsWear; 11 19 lmrp
BOOTS AND SHOES.
LATEST STYLES
IN Cl'fcTOJI-MAE
BOOTS AND SHOES,
OIt CEVlI.tJtEJi AND BOTH.
CALL AND BBB THB
lBICIt 1TX1D AT WW HOU'ltEM.
DARTLETT,
Ml,
11 23 tf
83 fcOI TII MXTII DTKK1.T,
ABOVE OHE8NUT.
ATENT ELAST
TESTII.ATIK IWWKR HOLES.
I c
They re a PERFECT BVMEDY l'Orl COLD OU
SWEATY EET OK OKNH. They relieve KHWU
MAI 1-41 AMI NEUKALurA, They abiorr, and
remove the PEU&PlUATIOM Inside ot RUBUEU
DOO'IB.
To know their merits thev must be warn.
KUkII Price, 1 uu ter pair, bold oy all retail Boot
and blioa liealeiH
E. A. JULL Proprietor and Mamifao'nrer,
12 I m fin. Kireet. HmiDii, Ma.
urn WKU-s-owNETis oi' f iioriatTT
'Ihe cub' place to get Privy Wells cleaned aud
UslultA:led at Very low prices. pKYSON
Manntnrturer (il I'oiidrette.
H!l OOLIBol ITH'H HALL. LIKItAWY btruJU