THE DAILY EVEKING TELEGRAPH HnLADELPMA, FRIDAY, DECEMBER 13, 180T.
Owning tMtiijili
PUBLISHED EVERT XFTERNOOV,
BtJNPAYS KXOPTD)
AT THE EVENING THXEORAFII BUILDINO.
JTO. 10 S. THIRD STREET.
Price. Three Cent per Copy (Donble Bheet), or
Eighteen Cent per Week, payable to tbe Carrier, and
Mailed to Subscribers out ot the city at Nine Dollar)
per Annum; One Dollar and Fifty Cents lor Two
Months, InT arlably Id advance for tbe period ordered-
FRIDAY, DECEMBER 13, 1867.
Tie Eastern Question.
Affairs in the eastern section of Karope are
again assuming the dubious aspeot which pre
ceded the Crimean war, and every indication
now points to a speedy renewal of the tradi
tional struggle between the Sultan and the
Czar. The latter will never settle himself
down in the belief that the policy of territo
rial aggrandizement inaugurated by Peter the
Great has reached its legitimate culmination,
until he has removed his court from St. Peters
burg to Constantinople. This would have
been accomplished years ago, if the Western
Towers had not regarded the aspirations of
Russia with such jealousy that the destruc
tion of the Mohammedan rule could not be
consummated without achieving a triumph
ever the united armies of all the rest of
Europe. The memorable seige and fall of
Sebastopol operated as a eheok upon the
movement towards Constantinople; but
it was merely a check, and but a
momentary one at that. During the period
which has elapsed since then, Russia has been
gaining steadily in strength, while the power
of Turkey has been rapidly dwindling
away. The conflicting populations of the
former have been rendered more
homogeneous by the policy of her
rulers, the abolition of serfdom gaining for
them the cordial sympathy of the most sub
stantial class of the inhabitants the very
bone and sinew of the laud. The course
pursued by the Sublime Forte, on the con.
trary, has tended to widen the breach be
tween the followers of the Crescent and the
Cross, and the moral and martial aid of the
Christian powers, which are so agitated by
the prospect of Russian supremacy, has been
the only support to the tottering throne of
the Sultan for the last fifteen years.
The timid foreign policy which has charac
terized the English Government of late ha3
materially weakened the resources of Turkey,
whose main reliance at present is the Em
peror of the French. So long as Napoleon
fails to come to terms with the Czar upon the
basis for a permanent settlement of the vexa
tious Eastern question, and still continues the
discussion of the subject in an amicable way,
- the Sultan is at liberty to consider himself as
comparatively safe. This is certainly a very
precarious tenure on which to hold a throne.
It is not less humiliating, but Turkey has been
so severely schooled of late that she no longer
indulges in sentimental weakness on this
point. Meanwhile, she is preparing to meet
the approaching storm by straining every
nerve. Through the cooperation of Western
capitalists, a gigantic system of railways,
traversing every important part of the Euro
pean section of the empire, is about to be
inaugurated; breech-loading arms of the most
approved pattern are being furnished to the
army, large forces of which are already con
centrated in the discontented provinces bor
dering upon Russia; and in general tbe Porte
is plaoing itself upon a war footing, with its
northern enemy as the objeotive point.
But Russia is by no means idle. The report
has gained general credence throughout Eu
rope that Prince Gortschakoif is about to
retire from the Cabinet of St. Petersburg
according to report he has already done
so in which event it is regarded as definitely
settled that Lis successor will be General
Ignatieff, at present representing the Czar at
Constantinople, llns Ueneral Ignaueu is a
genuine old Tartar, with a thorough contempt
for Turkey and everything pertaining to it,
and consequently an ardent advocate of the
Inauguration of an aggressive policy on the
part of his Government. He is said to rival
Prince Menschikoff, who held the same post
previous to the Crimean war, in his surly
demeanor towards the Government to which
he is aooredited; and even to have given
avowed enoouragement to the revolutionary
spirit which at present prevail in Bui
raria, .Servia, and Montenegro. With
the accession of Ignatieff to the Rus
Bian Cabinet, in the plaoe of the
superannuated Gortschakou, it will not be a
matter of surprise if the discontent which is
so rite in the northern provinoes of Tar key
receives such an impetus that the commenoe
ment of hostilities can no longer be averted.
Indeed, the Loudon Pall Mall Gazette, one of
the most sagacious journals in Europe, antici
pates that an insurrection, instigated by
Russia, will break out in Bulgaria in the
coming spring, and that the Czar will follow
up the advantage without delay. By that
time, it is expected that the Sultan will have
at ms oommana a lorce of fin rmn .u
vu)vu MJAa
provided with the most destructive and effi
cient weapons. But Russia will not enter into
the contest without ample preparation; and
perchance, before Napoleon can coma to the
rescue with his "charming Chassepots,
Alexander may be safely entrenched In Con
stantinople. In such event, it is extremely doubtful if
the glory of France will profit much by the
Intervention, for a defeat of the French troops
upon the site of the Turkish capital would be
the death-knell of the Suiond Empire, and the
mere rick of such a disaster will scarcely be
encountered by so crafty a statesman as Na
. ioleon. Altogether, the Eastern question
prostata a more serious aspeot than it has
worn for several years, and we can congratu
late ourselves upon the faot that the settled
pollojr of tbe Amerioan Republlo studiously
avoids any entanglement in the affairs of our
sister nations across the ocean.
The President's Excuse for Suspending
Secretory Stanton.
Ykstbrdat Mr. Johnson sent to the Senate an
elaborate justification of his action in suspend
ing lion. E. M. Stanton from his position as
Seoretary of War. The communication was
read in Executive session, but all the corres
pondents agree as to its main featares. In
fact, there can be little doubt as to what
the President would say. There is in this
aotion, however, a refutation of the bold utter
ances of certain advocates of his Exoellenoy's
policy, in which they predicted that it was
the intention of their ohief to make this a test
case, and to utterly ignore the legality of the
Tenure of Office bill. But Mr. Johnson has
given the falsehood to these prophecies, and
after mounting the Pegasus of indignation,
has wisely decided to descend to earth and act
as the law requires. In truth, we never an
ticipated any other course on his part. While
exceedingly passionate, and while under cer
tain influences exceedingly bold, yet time
causes his courage to gently subside, and rea
son ultimately dictates which is the safest
course for him to adopt. So, in the present
instance, an indignant opposition has given
way te mild excuse, and a lengthy palliation
is the result.
It seems that the reasons of Mr. Johnson
for removing Mr. Stanton may be divided into
three heads the general want of sympathy
between them, the opinion of Mr. Stanton on
the Tenure of Office bill, and the neglect of
that officer to perform certain duties of his
position. So far as the want of sympathy be
tween Mr. Johnson and the Secretary was con
cerned, we have no doubt that all the
President says is true. That Mr. Stanton
never assented to the betrayal of the Republi
can party that he alone, of all the Cabinet,
resisted the usurpations of the President and
his disregard of his pledges, we can well be
lieve. We have again and again had unde
niable proof of this difference.' The official
publication of the Cabinet proceedings all
showed Mr. Stanton as voting alone against
the President and the Cabinet. In ordinary
times, this want of sympathy would have been
sufficient ground for the retirement of the
Secretary. But these are not ordinary times.
The Executive had betrayed his party, and
was so acting as to seem to be about to betray
his country. The absolute need of some
trusty servant in the Cabinet was felt by all
the North. It was, therefore, not Mr. Stan
ton's duty, so far as delicaoy was concerned,
to resign when so requested. Had the usual
routine of official laws been the only thing to
merit his attention, it would have been
unjustifiable for him to continue in
office after such a request, and
we have the best of reasons for asserting that
he would not have remained a day after the
receipt of the President's note; nor, indeed,
would he have remained within a year of the
time he did. Had Mr. Stanton consulted his
personal wishes, he would have left the Cabi
net when Messrs. Speed and Dennison threw
up their portfolios in disgust. That he did
not is due to his patriotism, to his willingness
to sacrifice private comfort and wishes to
patriotio duty; and for this he deserves the
thanks of the country. Had he left when his
fellow-Republicans did, we would not, proba
bly, have been to-day in the condition we
are. The Executive would have carried mea
sures with all the madness of his egotism and
some pliant tool a Steadmen or his like
would have wielded the power of army against
Reconstruction. The country owes a heavy
debt to Mr. Stanton for his conduot. He acted
from the purest principles, when he replied to
the Executive order that "considerations of
high character constrained him to remain
So far as delicacy was ooncerned, the ex-Seo-
retary aotect perfectly right in availing himself
of all the rights guaranteed him by the Tenure
of Office bill.
The seoond reason assigned is that Mr. Stan
ton himself opposed the Tenure of Offioe bill,
openly spoke against it, and deemed it highly
improper to apply it to Cabinet offioers, and
that therefore he ought not to avail himself of
Its provisions, and if he did, he should be re
moved because of inoonsistenoy. To this
wa need but renlv. that as to his action in
that matter Mr. Stanton is sole and exclu
sively iudee. He may have acted incon
sistently, but he only stultified himself per
sonally. He violated no duty, and gave no
cause for removal. But it does not follow that
Mr. Stanton has acted thus. In fact, it seems
from what has already been said that he acted
perfectly consistently. He opposed the
law on the ground of propriety, while it was
pending, but when it became a law, he, like
n nthnr citizens, was entitled to all the
privileges it conferred. The fact that a legis
lator voted against a bill is no reason that
either he should be exempt from its duties or
deprived of its benefits. There is no Inoon
sistencyin availing oneself of a legal privi.
leee after having opposed tne extension oi
... . -M
that privilege. Every lawyer, and in fact every
man of common sense, knows this; so that,
even if inconsistency was a ground for re-
moval which of itself is ridiculous for where
would the President have been if that rule was
annlled? vet the Secretary of War was not
-
Inconsistent.
The last reason given is that he withheld oer
tain despatches from the President, which des
patches would, if not withheld, have probably
lea 10 a prevention of the New Orleans mas
sacre. We are rather surprised, with all Mr.
Johnson s reoKiessnesB, that he is willing to
rake np the events of the New Orleans tragedy.
It is too recent ior any snob, attempt at excul
pation. The responsibility has long ainoe
been settled, and to attempt to east it on Mr.
Stanton for withholding despatches, is absurd.
We do not know the facts of the case, but feel
well assured that the judgment of the people
is oorrect. If the charge is true, then Mr. John
ion is a oriminal of high order, for not at onoe
removing Mr. Stanton. It has been a compara
tively long time since the events referred to,
yet until now we have not heard a rumor of
such being the case. Acoording to all the
rules of evidence, these'new facts deserve but
little credence. In truth, the President makes
a lame attempt to justify his aotion. He was
in the wrong, and all the subtleties of all the ex
Chief Justices of Pennsylvania cannot make a
strong case for him. The duty of the Senate
I to reinstate Mr. Stanton, if he is willing to
accept the position a possibility whloh we
fear is now very remote.
For the Payment or Warrants. j
Thh ordinance which passed Common Council I
yesterday, providing for the new system in j
the payment of city warrants, is one whioh
is a benefloial reform. It arranges that here
after the warrants shall be paid in the order
of their presentation, that as eaoh is pre
sented it shall be numbered and stamped,
and that when the money necoasary to meet
a certain number of them is in the treasury,
they shall be cashed in the order of their
stamped numbers. This is a very just sys-,
tern, but is open to one objection. Let us
suppose that $200,000 of warrants are stamped,
numbering from 1 to say ,2000, and there
should come (100,000 into the treasury, the
Treasurer would commence the payment of
those from 1 to 1000. Suppose that of this
number only say seven hundred should be pre
sented immediately, whloh is a very possible
contingency, then $30,000 would continue to
lie idle in the treasury waitisg for the stamped
warrants, while thousands of others equally
entitled to the fund would be debarred from
seeming it. This is a great error. But it
can be remedied by allowing so many days
for the presentation of the numbered war
rants; if not presented in that time then they
lose their priority, and the next n amber takes
their place. This would secure despatch
and remedy the only objection to" whioh the
reform is open.
SPECIAL NOTICES.
For additional Special Notice tee the Inside Pagtt.
tiSW DEMAND 19 THE TEST OF POPU
IV larlty, and never In thl country baa mere
ben a filth part of tbe demand for any totlnt article
thai Here now Is 'or Pbalou's Nlirlit-Rloomliiir
'Cereua." Tbe sales for tbe current year show an lu
create of one hundred per cent, over these of tue
same months in 1B6I. Helfatt Age. It
IKT3F OFFICE OF THE MAYOR OF THE
CITY OJ? PHILADELPHIA,
tlKCKUllKB 13, 1867.
fPF.CIAI, NOTICE. Tlie attention of thectMzans
ol PbllHdelplila Is especially called to the following
section of au Ordinance declaring Pub. Ic Nuisances:
dec 9. To fuller or permit snow to remaiu more
tliau six workiUK bfiirs after the same may cease to
tall, ou anv uaved FOOTWAY or OUTTKR of the
city, In front of or adjoining any church, public build-
mis, uouse, si ore. simp, siaoe, or tenement ui uy
Kind, or in adjoining sine yard inereor, or vae&nt
lots; and the occupier or the owner of such premises,
If unoccupied, shall bi liable (or tbe penalty i ereiu-
alter prescribed for such ot1ene.
Mr mures will be had to enforce a strict compliance
to tbe above, tiud all oIliotTi of the 1'ellce Depart
ment are nereoy a'reciea ana rrqurreu u iinjaeuuie
al1 ml. mien agatntu the provision, ot this Ordinance.
uy order oi me Mayor.
BAM OKI. O. RUOQLES, Chief of Police.
H. P. Clauk, HlKh Constable. 12 13 3t
fKj3T TIIE BAKK OP NORTH AMERICA.
avs-' Piiii.I)Ki.phia, Dec. 11, 18H7.
The Directors have this day declared a dividend of
SIXTY-NINE t'KNTM per share, as ot July 1 last,
puvnble on demand.
The dividend due to stockholders resident In this
city. If not called for before the 20tb InBtant, will be
et.piiea lo payment ot ineam)uni aemanueu uy me
lu-celver of Taxes lor blate Tax on assessed value
of It elrstock. JOH.N EUCKLIY,
1212 61 cashier.
Tjgp THE PHILADELPHIA. NATIONAL
PRii.AVSl.PBrA, Dec. 13, 18(17.
The Annual Flection for Director of this Bank will
be held al the Banking House on TUKHDAY, thelitb
da v of January next, between 11 o'clock A. M ands
O'clock P. M. B. B. COMEUYS,
12 H frnwIJU Cashier.
frvgp IMPORTANT INVENTION.
uwnvreui jniiin nun iub (iuuiiv RVDvimir. nv
Invited to witness tbe v. or kin k of three of the JOHN
C'OBFELDT PATKNT LOW WAT Kit DKTKCTOKS,
on the boilers of the Pekln Mill Manayunk, on
SATURDAY. 14th Inst., at 8H P. M.. when the
tmcleucy and value or this invention as a perreai
safeguard agalnut expltslons from low water In
boilers will be shown. Cars leave NINTH and
UELtN at t P. M 12 13 2t
ITALIAN OPERA CHOICE SEATS
for every night. Mews Bund. CONTI
NENTAL HOTEL. 12 13 2t
REDUCTION IN PRICE OF STECE &
CO.'B and Haines Bro.'a PIANOS. MKLO
PEONS. Etc. to lult the timet., 12 121m
LL CAN HAVE BEAUTIFUL HAIR."
LONDON HAITI COLOR.
LONDON HA1RCOLDK.
LONDON HAIR OOLOK,
LONDON HAIR COLOR.
LONDON MA1U COIAU.
LONDON HA1K OOLOK.
NOT
A
DYE.
NOT
A
DY&
LONDON HAIR COLOR
LONDON HAIR COLOR
LONDON HAIR COLOR
LONDON HAIR COLOR
PKfeTOKKK AND DREHfcINQ,
RKbTOKEK AND DRKHHING,
KfcBTOKKR AND DKKi-BINO,
RfcbTOltKR AND DRhiHBINO,
Tbe onlv known Restorer of Color and Perfect Hair
Dressing com I) I red.
NO MORE BALDNKrti
no more baldness
NO MORE BALDNJbfcMi
OK
oa
OB
OR
GREY HAIR.
OREY HAIR,
OKKY HAIR.
OREY HAIR.
It never falls to kuuart Hie. growth, and vigor to
tbe weakest balr, fastens and slops lut falling, and Is
sure to produce a new growth of balr, causing It to
grow thick and strong.
uDiy Yo cenut a ootue; oau a omn. .
Bold at DR. bWAYNICH,
No. 8M N. SIXTH Btreet, above Vine,
And all Druggists aad Variety B lores, 1 2 tutbls
11 E. GOULD
-vac
OFFERS FOB
CHRISTMAS PRESENTS,
HTECK CO.'K PIANOS,
II Al Si IX BBOM.' riANOS,
AND
91 A HON A IUHUNM CABINET OUO.iNlt.
rBICEfl TO NtlT TIIE TIB1EN. lllltwlp
s
K A T I N O
ON TH1
WH-HT PHILADELPHIA PARK.
THIRTY-FIRST and WALNUT btreett.
SNOW REMOVED. ICE 8PIjENDID.
Open until 10 o'clock P. M.
Pintle admission. 250. Heasoo tlckeW, 3.
Tske Market or Walnut Htreet Cars
1V K. D. YATE8. Proprietor.
TXCFLLKNT BKATINO AT TIIE ARCTIC
Ili I A UK. KIOHTH ANDOOLOMH1 A AVENUE.
MOONLIGHT MKAi'lNO THIS KVE.NINU.
I lilt Til KICTrt AT A HEDUCKU RATK.
Open lor tbe wbole seasou, uotwltbstaudlug con
trary and prejudicial tepoi u. It
CHRISTMAS PRESENTS.
RICH EMBROIDERED CL0TII
TABLE AND HAK0 C0YERS,
At Grcall) Reduced Prices.
SHEFPARD, VAN HARLIRGEN I ARRISOIf,
lilllOtrp . MO. 100 CIIKHMUT STREET,
CLARK & BIDDLE
No. 712 CHESNUT Street,
ARE NOW OPEN1NOI
AN INVOICE OF
French Mantel Clocks,
Selected and Imported Ex
pressly for their Sales.
CLAEK & BIDDLE,
CALL ATTENTION
TO THEIR LARGE ASSORTMENT
OP
HTEltLING
AMD '
STANDARD SILVER-WARE.
ALSO,
GERMAN-SILVER GOODS,
SUITABLE FOIl HOLIDAY
OB 918wfm3mrp
BRIDAL GIFTS.
1867. "CHRISTMAS," 1867.
The increased demand made upon
us last Christmas for Fine Holiday
G oods, has led us to give a special at
tention to their production this season,
and we now 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 will
therefore be able to present a constayit
succession of novelties during the en
tire month of December.
BAILEY k CO.,
No. 81 0 CHESNUT BTREET,
10 3wfm
PHILADELPHIA
Rb & C, A, WHICH T,
No. 884 CHESNUT Street,
HATE JUST BECEITED A LAB6E AS
SOBTHEMT F NEW AND ELEOAKT ,
FANCY ARTICLES,
Selected In Europe this season for their
NOVELTY AND BEAUTY,
ESPECIALLY FOB
CHRISTMAS PRESENTS. I"
i
- .' '
- Also, a large and beaut Hal assoitment of genuine
MEERSCHAUM PIPES,
Which they offer for sale
U 27 wfml2t
AT TEBT SEDUCED PRICES.
J M B R E L L A S I
FOB
HOLIDAY PRESENTS.
A Full Aasortmettt ew Read jr.
WILLIAM A. DROWN & CO.,
mistrp
MO.S46 MARKET STREET.
O R
SALE.
IN
LOTS OF FROM flOO TO SIO.OOO.
ftSO.OttO OF HIE CAPITAL STOCK
Ot a Company for Manufacturing ARTICLES or
PW 1MB HKOK8HITY AND LAKGK CON
SUMPTION. Wbtn (he above amount U inbscrlbed and paid for,
the business will be Immediately started upon a liberal
scale, aa everything else Is ready.
Satisfactory parties, who feel Inclined to Invest,
when convinced ot tbe advantage of the business,
will be famished with full and reliable Information;
suih as will enable them to form correct opinion of
tbe w bole operation. A thorough Investigation will
establish Us met its. ad conclusively prove that It
tan be profitably exltfuded to any amount.
Address KNTEKPR18K,
II a 6Hp Bos liM Philadelphia P. O,
NOT ONE SHALL
BE DISAPPOINTED
T O - ID A- Y.
OR BVBIHU TllK
NEXT THIRTY DAYS.
WE ARE SELLING OFF
of u stock or iirw AND klkuant
UOODK AT
GREATLY UEFCCED PRICES.
WE CAUTION 01R CIST0MER3
Ann the roDLic aciaixht listening
TO WHAT IHTEBIKTKD PERNORS MAT
SAT AS REUABDS OWB OOOO OB
PRICES, BUT
Call and Judge Tor Themselves.
WE ABE OETEBMIBfRO TO
SELL QUICKLY
AMD HIVE
ENTIRE SATISFACTION.
EDWIN HALL & CO.,
No. 28 SOUTH SECOND STREET
11 11 St
PHILADELPHIA.
"THE CHEAP BOOKSTORE"
JUST UEOEIVED,
A FRESH SITPPlVr F TUB IM. STAN
DARD POETS.
MILTON,
9IVORE,
BOOERS,
SCOTT,
UPPER,
MEDIANS,
BIBIIX,
ETC, ETC (
SELLING BGLOV THE COST OF 3IANU
FACTDB1NU, SO CERT PER VOLUME.
Also, dally receiving a new assortment of
gV BOOHS FOB SO CENTS, AND ftfSO
BOOHS FOB 5 CEN1S.
A SUPERB STOCK OF HOLIDAY BOOHS
In Plain and Fine Bindings, at a Great Redaction.
CALLEARLY AND AVOID THE GREAT RUSH'
Btore kept open until 10 o'clock each evening.
Holiday Catalogues ready In a few days.
JAMES S. OLAXTON,
121321 NO.K11 CIIESNVT NTREET.
rjMIE AMERICAN SUNDAY-SCHOOL UNION
NO. lias CHESNUT STREET, PHILA ,
Has an unusually large variety oi beautifully printed
profusely illustrated, and handsomely bound
NEW AND SUPERIOR BOOKS,
SUITABLE FOR
HOLIDAY GIFTS.
Also, an extensive assortment of
Bibles and Devotional Books.
Complete Catalogue! of the Bocletv's Publications
famished gratuitously, 12 13 2w
LO RING'S HOLIDAY LIST
OF FIRST-CLASS BOOKS FOB
CHRISTMAS GIFTS
To Young Ladles and bright eyed little Misses, to
Young Gentlemen and wide-awake Lads la now
ready for distribution. Full descriptions are given,
and all the books possets real sterling worth, with
absorbing Interest.
Their prices range from 10 cents to $1 73.
List mailed to any one on application, and tbe books
sent, postage paid, ou receipt of the advertised price.
Address '
LOItlNG, Publisher,
1113 2t No. 819 WASHINGTON fit., BOSTON.
AT
'iTHE CHEAP BOOKSTORE"
THACKERAY'S WORKS.
PEHDEN HIS SELLING! AT 80 CENTS.
NEWCOJIES SELLING AT SO CENTS.
verjrthlng in oar Line either at Whole
sale or Less than Cost.
Cell and look over our counters. Store kept open
until 10 o'clock eaoh evening.
JAMES S. CLAXTON,
127
NO. 114 CHESNUT STREET.
(UPFERDERG'8
Sparkling Moselle and Hock Wines.
Sparkling Moselle.
Scharsberger.
Imperial.
JohaunlaberK.
Pearl of tbe Rhine.
ALSO,
Hocks.
Johannlsberger.
Sielnberger.
Hockbelmer.
Lelbfraumuloh.
Budosbelmer.
Nleratelner.
we woold recommend these Wines to the favorable
notice ol the publlo as none ou
Kor sale In large or small quaumiee
cash prices.
re.
en at the lowest
BIM0N C0LT0N & CLARKE,
st, ff, COB. BBOAD AMD WALNUT STS.
10 a PHILADELPHIA,
525 MILES
or TBI
UNION PACIFIC RAILROAD
Running West from Omaha
AcroHS tli o Continent,
AUE NOW COMPLETED.
This brings tbe line to tbe eastern bnso of the
Rocky Mountains, and It Is expected tnal the track
will be 'aid thirty jnllee furtbrr, to Bvaos Paee, the
highest point on ttae road, by January. The matt
mom grade from thv foot of the mountains to the
summit Is bnt eighty feet to the mile, while that of
many Eastern roads Is over one hundred. Work
In the rock-cuillngs on the western slops will
continue tbrongh tbe winter, and there Is bow no
reaflea to doubt that the entire grand Una to the Pa
cific will be oppn tor business In 1870.
The mpans provided for the construction of this)
Great National Work are ample. The United States
grants Its 81 Per Cent. Bonds at the rate or from
$16,000 to -U,0'e pt-r mile, forwhlch It takes a terotut
ifnias security, and recelvrs payment to a large If no
to tbe full extent of Its Calm In services. These
Bonds are lsnned as each twenty-mile section la
finished, and alter It has beea examined by United
States Commlralonera and pronounced to be In all ra
spects a first-class road, thoroughly supplied with
depots, repair-shops, stailoas, and all the necessary
rolling stock, and other eoiipa ems.
Tbe United Kmtes also makes a donation of 12,800
acres of land to tbe mile, which will be a source of
large revenue In the Company. Muck or this land in
the Platte Valley is among the must fertile In the
world, and other large portions are covered with
heavy pine forests aut abound In coal ot the best
quality.
The Company Is also-authorised to luue Its own
First UorlgaKB Bonds to an amount equal to the
Issue of tbe Goyemm-nt, and no more. Hon, K. D.
Morgan and Hon. Oakes Ames are Trustees fer the
Bondholders, and deliver tbe Bonds to the Company
only as tbe work progresses, so that they always re
present an actual and productive Viflua.
The authorized capital of tbe Company Is ONE
HUNDRED WILLI JN i OLLARS, of Which over
five millions have been paid In upon the work already
done.
Earnings of the Company.
At present, the proats of the Company are derived
only from its local trainc, bu this is already maon
more than sulllclent to pay the Interest on all the
Bonds the Company can Issue, if not another mils
were built. It is not doubted that when the road is
L completed the through tralllo of tbe only line con.
nectlng the Atlantic and Paclllo States will be large
beyond precedent, and, as Mitre wl 1 be no competi
tion, it can alwaj s be done at proQtable rates.
It will be noticed that the Union Paclflo Railroad Is,
In lact, a Government Woi k, built under the super
vision of Government oflloers, and to a large extent
with Goverrsment money, and that its bonds are
Issued nnder Government dhoctloo. It is believed
that no similar security is so carefully guarded, and
certainly no other Is baed upon a hvger or more
valuable property. As the Company's
First Mortgage Bonds
Are offered for the present are NINE I'Y CENTS ON
THE DOLL A It, tbey are the cheapest security In the
market, being more than IS per cent. lower than
United States blocks. They pay
SIX PER GENT. Ill GOLD.
Or over NINE PKIt CENT, upon the investment.
Subscriptions will be received lu Philadelphia by.
DEHAVE A B ROTH Est, No. 4w S. Thirdstreet.
WILLIAM PAINTER A. CO , No. 3 S. Third sU v.
J. K, LKWABS A CO., No. 29 8. Third street.
THE TBADKUMEN'S NATIONAL BANS.
In Wilmington, Delaware, by
R. B. ROBINSON A CO
JAMUtt McLKAQ. A SONS,
And In New York at tbe Company's OIHce, No. W
NASSAU Street, and by
CONTINENTAL NATIONAL BANK, 7 Hasaan St.
CLASS, DOliOK A CO , Bunkers. No. 51 Wall at.
1AHN J nr.nft .6. KnS R.nlmn X'r ail Will
A nd by tbe Company's advertised Agents throughout
the United Slates. Remittances shuuld be macro In
dralts or other funds par In New York, and the bonds
v ill be tent free of charge by return epreas.
A NEW PAUPHLKT AND MAP. showing the
progress of the work, resources for construction,
and value of Bonds, may be obtained at the Com
pany's Oflloes. r ot Us advertised Agunts, or will be
Sent Iree on application.
JOHN J. CISCO, TBEASUBEB,
nsw YORK.
November 23. 1867. llllwImBt
JpOR THE INFORMATION OP
HOLDERS OF GOVERNMENT SECURITIES,
who may wish to convert them Into the
FIRST MORTGAGE BONDS
or Tn
Union Pacific Railroad
Co.,
We publish below the terms upon which they may
now be excbingd at the oilloe of the Agenta of the
Company In t hu city,
WM.PAINTt.BACO.,
NO. SO SOUTH THIB1) STKKUT,
We would to-day give these bonds and pay a dlfto
recce of
ja8-s3 taking In exchange V. B. s's oi 1881.
,16088
(127'M
187 68
151 S3
tlbl-85
93'83
I16'18
115318
do. do. 8-as or lad
do. do. t-2US Oi 1864.
do. do. 5-20's of 1865, May A Nov.
do. do. t-20's of '68, Jan, A July,
do, do. 6-20's ot '67, do.
do. do. S V cent. 10 40's. do.
do, do. 7i- lCy. June issue,
do. do. 4-10 1 July issue.
(For every thousand dolla
We offer these bonds to the public, with every con
fldence In their security.
Philadelphia, Nov.il. 1867.
pnOICE FINE CONFECTIONS,
Put op in Neat Boxes suitable for Presents,
HAINES & LEEDS,
MANUFACTURERS Of
CHOICE FINE CONFECTIONS,
No. OOO MARKET Street,
AISO, A SPIFNDII) ASSORTMENT Of
FKe-ftCIl VASCir BOXES AMU UL1CKD
miim, iiuiJ6
IiriiAN HaHUFACTVBnta COMPANY.
NEW PATENT.
nOVER'8 E U KO L L O N,
A WHITE LIQUID PASTE.
Excels for Pasting Labels, Unsized Papers, etc
For sale by tbe Principal Stationers, Druggists, etc,
and at Wholesale by the 11
tlPMAR sUB-Cr-ACTUBIMa COMPART.