THE DATE, EVENING TELEGRAPH PHILADELPHIA , MONDAY, JULY G, 18G3.
SPIRIT OF TUB PRESS.
IDlTOHIaL 0PISI058 Of TH8 LB4D1SO .'OURSAL8
UFOS CPBaKNt TOPICS COMPILED EVEBT
DAT FOB TBI 1VKNINO TELEOR4PU.
Tnnprr or llio Soutli.
From the Y. Timet.
The outh tunVrs now, m l.eforo Uih war,
from the uncoand judgment ami overbesriug
temper of editors aui iiuiuiaud who profess
to speak in its behalf. Tue.iw uieu appeal ln8
to the reason than to th jiaious and preju
dices of their audieu.inrt. They estituatu tlvi
people and policy of tun North trom a ptrti.sau
Btauripoiut, and endeavor to prove their 11 iolity
to their own section by atme and misrepre
sentation of all others. They miout the idea
of reoonoliation, spurn aa iu.-mltiug tua Bot
tled results of the cmilliut, and act ou the
hypothesis that they bnt earn the conli ieuce
of their neighbors by the constant display, iu
their same, of extreme demands. The t il'ct
id unfortunate tor the South. It U made re
sponsible for the coarse of its extremists, and
Buffers for bins of which in the aggregate it is
not guilty.
The injustice is not intentional, ati l, to a
certain exteiit, is hiuivihiIuMh. Tue S.inth
knows little of the pri-eiit, feeling and pur
pose of the ISorih; an t the Noith is imper
fectly acquainted witii the omliiion, the
Bpirit, aud the dispoMtion of the S mtti.
liach is, in a large degree, dependent upon
the materials for the formation of opinions
Which are furnished hy the journals and the
public speakers of the other. Aud the.se are
not absolutely trtitworthy sources ot infor
mation. In the nature ot things, they reilect
what is On the snrtanH rather than tliti deep
uuder-currents of Bociety; and the come
oneuce is a mutual misapprehension, as Im
tween the sections, which operates injuriously
on both.
Of the reality of this injury, bo far as the
South is concerned, we have evidence iu the
reported statements of the liev. Or. !?ears, the
agest of the l'eabody educational fund, who
in that capacity has recently investigated the
condition of the Southern States, address
ing a ISoston audience, Dr. fcars declares
'that both sections of tiie country do very
materially tnisunderMaud and misinterpret
each other;" aud lie nicjresta as the most
effectual method of correcting error the inter
change of ''delegations from the mtddltug
classes sober-minded men," whose visits
and representations, he thinks, "would do
more to bring about a oo i ord.-r of things
than all that cau be accomplished iu a formal
way."
JJr. Sears' exposition of the prevailing tem
per in the Southern .Slates is on the whole
satirfaotory. The extinction of slavery, he
testifies, is acquiesced iu by the better por
tions of the community ''biuueiely and with
out reluctance."
"All the consequences of enifincin.V ion will
be admilied, and urn u it very g'ent miuut Ht
mltlect now; anil wti i over may On Mie views
entertained in rtyxi.1 to me p,', mere it mis
conviction, brcoii'liiK iikoo mm more general
every day, Ihut all liu ir nciety, hII tlieir lusti
tutlonsof bociety, end all tin- wcrtlim of tlialr
Ryatem, Is to be reuast, uud Northern princlpk's
are to prevail. Tiny by thin Lu it wliNper, but
they say It."
The consciousness of the fact that the de
velopment of the vast resources of the South is
contingent upon Northern feelp, is producing
its natural ellect; aud the determination spreads
to adapt Southern economies nearer to the
Standard which has worked advautageously at
the North. "Education, universal education,
Las become to no small ex'ent the favorite
doctrine with many of the strongest and most
influential minds." "1 have scarcely found a
man who entered more heartily into the sub
ject," says the Doctor, "than the Treasurer of
the Confederate Congress and men of similar
positions." Over this class the noisy poli
tician Las little influence. They neither share
his enmities nor approve the violent aud offen
sive course which he advocates persistently.
It is the standing difference between the good
prinoiple and prao'ical sense of a people and
the demagogneism with which they are oo per
petually afflicted.
The conclusion in regard to Northern set
tlers which Dr. Sears has arrived at, after
journeying through eight or ten States, differs
from the common version of implacable hos
tility, lie does not oonoeal the bi ter feeliDg
which existed at the close of the war towards
the North and its citizens. "But that feeling
Is to a remarkable degree passing away."
The cause of the change he does not attempt
to explain. The fact is as he states, and he
States it emphatically. There are qualifica
tions and exceptions, of course, which time
and other considerations will alone remove.
Generally, however, the assurance is given
that "any man coming in ordinary civility
and human kindness will not only be re
ceived, but sought and welcomed." More
than this it were folly to expect. The obliga
tions of courtesy aud respect for others' opi
pions are reciprocal.
Repudiation nud its Remedy.
from the JSf. Y. lYiOune. ,
In obedience to the shameless resolution of
a majority of the House of Representatives,
instructing the Committee of Ways and Means
to report a bill levying a tax of at least ten per
cent, on the interest of the bonds of the United
Hates, to be deducted by the Secretary of the
Treasury from the iuterest agreed to be paid
upon the National ISonds by the terms thereof,
the Committee while protesting against the
knavery of the act, reported a Dill, which
enacts that on all bonds bearing interest at (J
per cent, only 5$ per cent, shall be paid; on
all bearing interest at 5 per cent., 4 per cent.
Shall be paid; and on all bearing interest at 3
per cent, only per cent, shall be paid. This
does not exactly correspond to the require
ment of the llouse, as it taxes the G per cent,
bonds only 6 per cent., the 5 per ceut.
bonds 10 per ceut., the 4 par cent, bonds 12
per cent., and the 3 per cent, bonds 1GJ per
cent.; whereas the order of the House re
quired that none of the bonds should be
taxed less than ten per cent, and would have
been literally complied with if the bill re
ported by the Committee had taxed them 100
per cent., 1. e., repudiated them iu whole,
instead of in part. It is obvious that what
ever gain is to be made by taxing them 10
per cent., the gain of taxing them 100 pur
oent. is just ten times greater. We do not
hesitate to denounce this vote of the House
as a great national shame. Even though it
be canied no further, the nation stands dis
graced in the righteous judgment of the
civilized world, so far aa the action of its
Houbb of Representatives can degrade the
people they represent, or permanently pollute
thenation'a honor. Repudiation, which had
hitherto lurked in ambush, suspeuted but
not apparent, has stalked boldly into Congress
and won its first audacious but tremendous
victory. ,
livery man who sincerely voted for this pro
position (one or two are reported to have
voted for it in order to move a reconsidera
tion) is either a repudiator or au ignoramus
who does not understand the nature of his
vote. ' If it is more charitable to indulge iu
the latter supposition than the former, we are
content to give the benefit of the distinction to
as many members of Congress as may claim
It. Let a analyib this vote. The resolution
was passed by 92 yeas to G5 nays. Of the 02 I
yeas, 31 were Democrats and 61 Republicans. I
Of the rays 2 were Democrats and 53 Republi
cans, ui me ui Republicans wno voted tor
thia act of repudiation, 4!) were frotn State
south or west of Pennsylvania. Of the 5."
members who voted to pay the interest we had
agreed to pay, 22 were lrom States south or
west of Pennsylvania. The vote of the Southern
and Western Republicans, therefore, was 1!) for
taxing the bonds to 22 against it, while the
Western Democrats were nuanimous for tint
course. While there ia, therefore, a slightly
larger majority at the West than at the Hist
in favor of thia measure, the difference is not
large enough to be very important. Anion
the whole, as there are far more of th bon is
owned at' the Kast than nt the West, the
ilgnres do not necessarily imply that the West
is more unsound on this question than the
East. Oieat unsoundness pevails iu both
pections. We do not mean to imply that all
who vote for taxing the iuterest on the bonis
D per cent, would vote for taxing the princi
pal of the bonds out of existence; nor, though
the diphoiiefty ot the two acts is the satin
in kiiid, would we declare them tin
tame in degree. The difference is as great
aR between stealing and stealiu
50. One is petit larceny, and the othr is
grand larceny. The Joruir brings a yetr iu
the County Jail; the latter, five years in the
State Prison. But the Pteos from the first
pollution ot the national houor to its repeated
and per etual prostitution are of easy descent
ai.d of irret-tatible tendency. The remedy for
thefe tendencies towards repudiation does not
lie in rebukes of knavery, or iu exhortation to
piety, but iu the adoption of t-uch financial
measures as Bhall uttli.e the national bou.li to
the utnnitt extent, and ideuti:'y them with the
liiii'iicial economy of the people. Mr. (,'li.ise
lid a w ise thing, aud enhanced inline istirably
the national credit, when he organized the Na
tional ! aiik intr Sy.stem. and therein provided
a business utility for ?310 000,000 iu national
I oi, (Is. But for this home market for our
bonds, they would not now be worth fifty
cents in gold on the dollar, and they would
have been negotiable during the war at a far
lower rate than they v-re, thus vastly increas
ing the expense ot the war and bulk of the
debt. Congress thould perfect the wo, k which
Mr. Chaf e left unfinished, by requiring a larger
dt-poMt of bonds lioui the National Banks uov
existing, until every dollar of national cur
rency issued Bhould bo BectUcd by bonis
worth one dollar or more iu gol 1, an I uti'il
the excess of dpoi-its aud hwis over the capi
tal ot these iUrtltll'iinUS .should be ill likem-iu-ner
secured by deposit, oi national bonds. The
Na'ional Banking S stem, whose obligations
to the peopfe, whether as holders of currency
or as depositors, would thus b secure. 1 hy de
posits equal iu g"id to the amount of these
obligations in currency, would thus he the
most pectire the world lias ever seen, without
imposing any giea'er biudeii on tUe banks
than is uecessaiy f- r the i-ccurity ot the publio.
Indeed, it would be absolutely impossiole for
either bill-holder or depositor to lo-e a dollar,
and that no matter how boon the country
thould return to s-pecie payments. Having
lhns been placed on tin rouk of specie values,
the bankiig business miht b lua li wholly
free by the repeal of that clause of the national
bank act which limits the amount of its cur
rency to the SvioO 000,(1(10 now existing. Bauks
which had deposited with the Government $1
iu gold, or its equivalent in bonds, tor every
dollar of circulation ihey are liable for, aud
for every dollar of excess of their deposits over
their capital, will iu.-ur no liabilities, whether
to bill-holders or depositors, but what they
cau pay. Under mch safeguards Congress
could as fiedy allow everybody to buy aud
teli money, which is the function of banks, a
to buy and sell meat. The ellect of such a re-
foim upon our national credit may be judged
from tLe fact that beside liasing all our paper
currency (if tte greenbacks were withdrawn)
on ppecie or its equivalent in national bonds.
it would absorb three times a3 many bonds as
the present system, creating au imperative
home market for one thousand millions in
bonds, instead of $343,00.1,000 as now. Thus
the national debt would become the broad un
derhing basis and foundation of all private
debts, and the interests of all sections of the
country and classes of the people in maintain
ing the national credit would be so obvious
that all thoughts of repudiation would cease
It would thus be converted from unproductive
and uon tax-paying to tax-paying aud produo
tive property, without repudiation and with'
out dishonor.
The Froposod Ton Tor Cent. Tux on tli
J merest oi lioiius.
From the iV". T. Herald.
Tbe Committee of Ways and Means reported
a bill to tax the interest of United states bonds
ten per cent., in conformity with the resolu
tion of the House of Representatives to that
effect. We conclude, therefore, that the bill
will pass that branch of the national legisla
ture without difficulty or delay. It is to be
hoped the Senate will act as promptly aud
wisely in the matter. No tax could be more
jnst, proper and popular. Thefollowing table
shows what it will yield:
COIN INTEREST.
ftrll. Interest. 'JVr.r.
Rtxe?... fl100,ni.j,4ll $108,000.1)24 $l0.SMi,fi!)3
.Five 220,81. 100 IO.OiU.O.O l.lOl.UUi!
Total....,
PlxeF
(JlbUM...,
. S2,020.H27,SU 11S 011,511) 11,U04,151
CUHKKNcy IMEKKVr.
. 8-Y) iin2 nun ?i o4 r.'o tiv,-ii2
177,216 oil) 72JUo.Uc7
Total $203,117,610 $I3f),-)!).2H7 1.3H5.0J0
10j.ij7 U3l 10,bU)815
To'al currency '. $i79,21,20l $ls,0til,73o
Nearly twelve millions a year in gold, or
over eighteen millions iu currency at the pre
sent quotation of gold, is a nice round sum to
be added to the income of the Government.
Ai,d who will feel the tax f , Isot the poor or
mass of the iudtibtiious classes; for they hold
lew bonds. Aud then what is ten per ceut. on
an interest which in currency amounts to over
eight per cent, ou capital invested iu the
bonds 1 Rich people aud the wealthy corpora
tions who own the bonds chiefly oau surely
allord a tenth of such au enormous interest ou
their investments. We Lold a large amount of
these botds and will gladly pay the tax, and
we think the rest of the bondholders, if they be
wise, and have any patriotism, will willingly
do the same. Only the national banks, money
lenders, and usnreis would oppose such a Just
nnasure. Some of the organs of the capi
talist's and Shylock bondholders make a ridi
culous fuss about the saviDgs banks, ani
asi-ert that the depositors iu these banks will
be the sulferers. This is all nonsense. It
does not matter to the depositors iu what the
banks invest In United States bonds, in State
or city stocks, in loans in mortgages or in
real estate. The bank officers invest in what
ever is most profitable, and the depositors
neither know nor care, so that they get their
stipulated interest. No, this tax will only
bear upon the rich, who are best able to sup
port the Government, and who draw the
largest income from the Government.
But we reoommend Congress to apply thia
Income of eighteen millions a year as a sinking
fund lor the paymunt of the debt. If it were
held sacred for thia purpose and that seems
to be its legitimate purpose the debt would
waste away imperceptibly, if it were used
at compound interest the debt would I
extinguished irx about fifty years. Stippun,
however, the Government were to take another
wise Btep and withdraw the national bank cur
rency and substitute legal tenders in iu place,
a saving of over twenty millions a year would
be made. From these two sources only nuarlv
forty million a year could be derived aud
made a perpetual sinking fund for the debt.
The whole of the natioual debt could thus be
extinguished in twenty-five to thirty years, or
even in less time if the amount should be used
at compound iuterest. And who would suffit ?
Who would feel it? The debt, as we sail,
would waste away in a remarkably smooth
aud gradual manner, aud year after year the
people would feel the burden of taxation re
moved. Congress ha bugun well iu the mat
ter of the ten per -cent, tax on the interest of
bonds, aud we hope it will go farther. Never
was there such an opportunity for statesmen,
if we have any, to serve the country and to
acquire imperishable renown. Who iu Con
gress will rise above party politics ani petty
measures to inaugurate such a graud scheme
lor the establishment of a sinking fund and
the extinguishment of the debt f
Infernal ioiml Itolicininiiisiii,
From the N. Y. Herald.
Mr.' Henry W. Longfellow, the N-w England
verifier, ranks, as we write, equal with "Bull
Ruu" Russell on the roll of collegiate houo
rary distinction. Kadi is an LL. D., or Doctor
Learned in the Law the one in the law of
doctoring other nieu's ideas and prosody to
suit his owu peculiar verbiage and rhyme, and
the other in doctoring the war history of dit'.
ferent nations ul'ter t-uch fashion tint the peo
ple most interested iuthe issue of the events
lrequeutly fail to roiogui.e them when pre
sented by his peu and are as much puzled
to know what lie means as was the late Presi
dent Lincoln when he read tho famously doo
toied account of the battle of Bull Run and
immediately transmitted to the writer that
peculiar Washington degree which honored
him w ilh permission to remain oulsulj the
lines ot the Union armies.
Mr. Longfellow has been "tottu" around
Old England during a few weeks, and the Bo
hemian interest iu Boston and New York is
list now experiencing au ecstacv of consola
tion in the perusal ot a mail report from Lou
don de.sci ibing a ceremonial which took pi ice
in the venerable and musty hall of Cambridge
University on the occasion when tho heads ot
the I'olhLH, in the presence of some few of tho
frtndeiita aud a numerous nvomhla ;e of the
Mutual Admiration !', li.-tv" of Great Britain,
conteind on bun the honorary dcr-e nt
LL. D. The American l ihemians a-so t that
the rtstless, wimdei ing, and aimless fraloi -nitvhas
completed a grand i.ul n'it curJutr
aud insist that theliiitish branch has grace
fully aud liberally n p. iid iu the per.tou of
lepreseiitalive Longfellow, the Anieiicitl com
pl weuts bestowed on their native luminary in
the pertoti of ''.Irll'-i'sou liri -.k" Dickens,
the great de.iucator of the inside ot the docks
of the Bow street, the Miryh boiie, and other
police courts of the British metropolis. This
account we leave to be set.lcd by the members
according to the rules ot the outer. We must,
however, iu the name of the two peoples, ob
ject most decidedly to the assumption that
these Bohemian vi.-its show forth anything of
a national character as expressed iu the fol
lowing sentences, printed in a Loudon news
paper of the 17th inst : "Just as Mr. Dickens
was reoi.gn'ed by the Ameiieans as belonging
to them, so Mr. Longfellow is claimed by us
as one of 'the great writers of our common
English tongue. He represents among us to
day something more ev n than Ainericau lite
rature; for be represents that community of
faith aud feeling, ot tradition aud ot language,
which makes it impossible that the literature
of the one country shoull ever be foreign to
the other."
Lord Byron once inquired of the wife of a
Loudon manufacturer of shoeblacking how
her husband's firm managed to praise the
article daily in a new verse published iu a
city journal. The lady replied at once, "Lor'
bless you, sir, we keeps a poet." If the Bos
ton Bohemians choose to "keep a poet" it is
no reason why good-natured old John Bull
should be deceived into the belief that the
people of the United States and Great Britain
have one identical feeling and iuterest, any
more than he would be induced to restore the
piivilege of the habeas corpus to Ireland by
the recitation of the fine lines of a learned
pundit of Krin, Jimmy Barns, which reads:
Ycur m oi her Is a good man,
And so Is your daddy ;
It's a cowld front y mornln',
Come to the fire, l'adily.
Indeed, Mr. Longfellow was found employed
in the melancholy occupation of hunting np
the grave of his great-grandfather in Carlisle
churchyard just previous to the Cambridge
College oration. He did not succeed in his
search, however, as he himself told the people
thus: "And yet so much strangeness is there
that when 1 come to the land of my fathers I
hud nowhere any traces or my lamtly or my
name." Now, if Longfellow possessed the
real maw pottica he would knew that a poet
nascitur uon fit: that he is born of Time and
Genius from the beginning, and consequently
has no ancestry, according to humanity, worth
locking after.
But Longfellow was in England not as a poet
for there is no poetry nowadays but
merely as the versifier of American Bohemian
ism, and in this light the LL D, all'air is agree
able. We incline to the opiuiou, however,
that "Jefferson Brick" Dickens has had the
most profitable employment. During his late
visit to the United States he had oonlerred on
him the degree of L. S. D., or master of
pounds, phillingt. and pence, and was sent
home gouty with Delmonico's rich wines, after
drawing as many corks aa Barnaby Rudge's
raven; so that be had only to recline iu his
stateroom during the voyage and keep count
itg Luge piles of greetbacks. Can the tough
parchment of a Cambridge LL.D. and a ceme
tery visit at Carlisle cumpare with thia? By
no means. The American Bohemian account
with loigland is not equared yet. It is nearly
as had as the Alabama o'aims case.
, Tho AlnsLa Debate.
From the Tf. Y. World.
The House of Representatives, for .the first
tin e in many mouths, seems to be disposed
to debate upon a subject of national interest.
It has so long been a mere machine for re
gistering party majorities on points previously
Eettled in party caucuses and for emitting
political pamphlets in the form of elaborately
written speeches, that the country had gradu
ally ceased to take any particular interest in
its proceedings. Most men glance at the daily
record of its transactions in the publio press
with no object save to ascertain what mea
ruies have or have not been passed to a vote.
But the dUoussiou ou the question of making
an appropriation to pay the Russian Govern
ment seven odd millions of dollars for the pur
chase of the Russian territories in America, a
discussion which was opened ou Tuesday by
Mr. Banks, of Massachusetts, with a charac
teristic effusion in behalf of the Committee on
Foreign Relations, aud which was continued
by Messrs. Wabhburue, Price, and Shellabar
ger, dill'ers from the habitual elfervesrenoea of
the Houre, and deserves a certain measure of
public attention. Its most marked aud im
portant feature, perhaps, la the recognition
which it has educed from sundry Republioan
lumbers of the facts that the Ilouie of Re
presentatives, after all, baa daties to perform,
and that no member of Congress can honostly
vote away the money of the people without,
understanding why he votes it, aud for w'o.u.
But this apart, the disoussion has b"en bot'i
amusing aud instructive. It has given us
some very curious glimpses into the relatious
which exist between the Cabinet and the
Honse, and Into the ways and means of the
remarkable personage who for some inscruta
ble reason it pleases Heaven and Mr. Johusou
to retain in oliice as Secretary of State of the
United Slates. We hear from it. for ex tin-
pie, that Mr. Seward has really commenced
negotiations for the parcha e of the Danish
province of Greenland, aud that the excellent
Mr. Banks thinks it a good way ot proving his
ii.ness to be sent aa Mini.-terof the United
S'ates to Russia, to announce thai he regards
Europe as ou the eve of ' being drawn into
the voitex of a terrible war," and that he
thinks it our duty to buy Alaska for the pur
pose of keeping the French nnd English,
when that "terrib'e war" shall begin, from
troubling our friend the Czar by attacking his
walruses aud his white bears iu Hitka I
The stais in their courses fought Bfjainst
Sisera. But tbe canicular barks iu behalf of
Mr. Seward.. With the thermometer at bO
deg. in tbe shade most deople will bo plea
santly disposed towards a Secretary whose
only thought seems to le of glaciers and ice
bergs. There is something exquisitely sea
sonable in Mr. Seward's policy. While the
winter's snows were heaped high about us
and the sleet drove in our faces he could talk
only of "Afiica and golden joys," of St.
Thomas and Santa Cruz, lie held up before
us pictures lovely as these of Andrew Mar
veil's beautiful old ballad, aud tempted us
with visions of
'fei nuoer lHies of '.! m lying Iu darn purple
spheres ot st."
It whs no fault of Lis if the globe suddenly
collapsed with a lit of subterranean colic.
Accidents wi 1 happen iu the best regulated
bouses and the most provident Departments
of State.
But "stonna aud earthquakes shake not
Sewatd's design." Agaimtt the summer heats
he piepares a sherbet of Greenland ice aud
seeks to strve it up to us with a dish of frozen
salmon from Alaskt. Is it his fault, ugaiu, if
H lit hi nines and Shellabarijers suddenly snap
at the purse stiings in his liberal bauds I Au
euitl. quake in the tropics was certainly more
to be ujiprehcnded lhau economy from a
Watbbuine or a Shellabarger.
The cilds, we fear, however, are aga'nut onr
noble Secretary. Banks has done his "level
best" lor him, but the Alaska business grows
more fishy than the fisheries of that unappro
ciu'ed and pelhaj it iu.tppl'cci.'lhlq illVOnttueut.
Nut ore has given Mr. N. V. Bulks gifts
which would have male Lis fortune as au
auctioneer, and he has never put those gifts to
Mich excellent use as iu bis plea for Secretary
Seward's great land speculation.-). It is hardly
aliguiocl speech to nay that in urging the
House to come down with tho dust for the
locks of Alaska, the agile member from Mas
sachusetts not only lilted himself to the height
of his argument by his own waistband, but
fuiily turned somersaults iu the air at a dizzy
altitude trom the top of his own head. He
implored the Stolid creatures before him to
remember that the "l'acifio Oceau (with the
Indian Oceau which geogiaphers treat as part of
it) covers 100,(10(1,1 UD miles, and rolls between
(i 0,000,000 peojde on one side, and 250, 000,-
ouo on tte otiier." lie besought them, after
duly digesting these pathetic statistics, to re
lied furthermore that the "Pacillo (with the
Indian, etc.), is the sea which is to be the
scene ol the American triumphs of the future."
"There," exclaimed the impassioned Banks,
hammer in hand, "there, g-ntleinnn, we shall
fight the battles of the hereafter; there, on
the Pacific Ocean, 'we shall control the institu
tions and destinies of the world. If we are
successful, it is no longer a European destiny
or a European civilization bat au American
destiny and an American civilization."
Of all which, "Alaska is the key !"
Also, it is necessary to the reputation of our
country for common politeness. It is, so to
speak, the card -case of the continent. With
it we can return visits which have too long
been overdue "visits of digestion," in fact,
to the gentlemen who, In aires long remote.
were good enough to eat, or be eaten, by our
ioietathers, lrom wnom we are not descended,
but wno snouia not, tneretore, be less vener
able in our eyes. "It gives us the control of
the Arctic: it makes, in substauco, Behnnz's
Strait an American sea; it throws out that
marvellous chain of islands the Aleutian
Islands even to the threshold of the Asiatio
coast, so that we can send in open boats our
citizens from those islands to the Asiatic coast,
never being more than two days at sea, and
never exposed to any peril whatever. And
thus we can return, after the lapse of four
hundred years, the visits which Asia made to
this country, and by which she left remnants
of her people in Alaska and the Aleutian
islands, In California, and JNeV Mexico."
It will no longer do to speak of tea aa the
"cup that cheers but not inebriates." Ever
since Mr. Burlingame and his mandarins, with
tiie crystal bans on tneir soup-plate hats.
came among us, the soul of the tea-plant has
gone into our blood, where it lias set all sorts
and conditions of men divines and brokers.
orators and bank presidents to behaving like
the Joblilliea and the Garyulies, on the occa
sion of that famous wedding at which the
"great l'anjandrum nimselt" appeared "with
the little round button on top," and where
they all "fell to playing at the game of catch
us catch can till the gunpowder ran out of the
heels of their boots." Mr. Banks himself,
whose sobriety has been so handsomelv at
tested by the citizens of Portland iu times
past, cannot resist the seductive infusion of
the Chinese liei b. All other appeals having
tailed to disturb tne inert mass before him, he
beat the Chinese gong with wonderful fury
and felicity. As thus:
"Tl.e t'.le of Hie Arabian Knluhts la not more
mnivellona llitiu the advent of iUu C'olnese
nation uiiiohm the notions or tho earth, asking
to leave her polliicxi iMolatlou u'ul participate
In Ibe Meat movements of lue naMoiia uere
efii r. and it will hin-ci eo. Our civilization will
be their own civilization, Itrc tuee our cl vllizw
lion In 1'nftd uuou the t.aino Plea Tbe civiliza
tion ol Kuiope reels upon th ignorance of the
people; Ihe civilization oi America and of I lie
Knsl xbUUpon tiie Intelligence of tUe people.
In China ti.ere In tint u uuiuku being of mature
nge who cannot read aud write, Hooeeo le their
eiierullou lor leuinlnx that a Ohlnaiuan will
not rtep upon a wjliten or printed pa nor. In
lelilceuce Is iiieir law, Intelligence In their Gov.
til; mem, luUUlcet.ee in ihelr power, und how
ever il ey may dill', r iu the iuMiltulious of fami
ne and of (Slates where this law In I lie com mo u
bond, ihe union between two f.tiulliett 11 1x9 ours
mid thelra will lead In the eud to ihe same pur
pose and the same retails. By the pobseesloa
of Aleska on tho north, itnd of Ibe Aleutian
Jslitiiclsln the centre, amicable arrangements
mid leiatlonh will be made with llio oandwicu
ishu oa which cannot be Iouk postponed, and
we shall have iu our grasp the control of the
i'ncinc ocean."
Finally, tbe Hussians, quoth Mr. Banks,
love us so, that even if we care nothing for
the virtuous Chinese, and regard "the tale of
the Arabian Knights" with no more respect
than tbe oonlar narrative ot antiquity oonoern
ins Klizabeth Martin, we must still be dad to
band over seven millions and a half of dollars
to tbe power, "the appearanoe of whose war
ships, whether iy accident or design in New
Voi k and an Francisco, iu the darkest Lour
of the Rebellion, caused France and Kugland
to rcede, and enabled us to regain onr position
and our power,
218 220
S. FRONT ST.
'A4
OFFER TO THE TRADE, IN LOTS,
FINE RYE AM) B0 U II B OK WIIISKIE S, IY BDXD,
or ioc, woo, wor, wo.
AI.SC?, FREE FI3E I1E ARB WUiYM WHISKIES,
Of GREAT AGE, ranging from lOJ- to 1S45.
Liberal contracts will be entered into for lot, tn&onrf at UieuUery.of t'?la yoi.s' urruf"t'.,
This is rerv droll, is it not ? From the lips !
of a real auctioneer how capital it would hi t i
l at are we to say aooui h, vuougu, wn-u we ,
relied that thin monstrous mess of ineptitude !
and if norauce, these pophomorio screams of a ;
metaphysical eagle, these iloppings aud iUp-
pags ol pasteonara wingH,irom me ropoi a aau i-
i)Ri,-r rock, renreseul tue supreme wnao;u oi
tbe American people, embodiel iu the person
of the chairman oi ine coiumuiee oi roreigu
Aliairs m -the iHauonai legislature r
SPECIAL" NOTICES.
r- k 7 Ul i luL X ,iO 1 UT XA iiaiiiimiu
Firit.ADKr.piii K, May is, IR63. ;
KOTICK TO STOCK IIOLDKIW. In pursuance of i
reRnliiiliiiiH adopted by the Board ot Ulrecturs at a i
ntuled meeting held ibis day, notice Is hereby Riven
to the tUocLholOers of tl.ia Company, that tney will
Imve the privilege ot subscribing, either directly or
hy substitution under sucli rules as nmy be prescribed
tliercfor, fir Twenty-rive Per Cent, o' additional
stock ut Far, lu proportion to their respective tutor
eis as they Btand registered on the books of tbe
Company, May 20, 1M8.
Holders of less tbaa four Kliarcs will bp entitled to
subscribe for a full shnre aud tbosn holding mere
i-ibnrcs tbrtu a multiple of four Wliares will be entitled
to an mWlltlotial Share.
bub.icrlptiouB to the new Stock will be recr-ived on
and alter Hay 30, 1S..H, and the privilege ot buuacrlb
lug will erase ou the Hiith day ol July, 1 ' s.
The Instalments on account ol the uew eSiiares shutl
be paid In cash, as follows:
li. Twenty live Per Cent, at thfl time of snbscrlp
tion, on or before the imh day of July, let's.
2d. Twenty-five IVr Cent, ou or before the 15th day
of Ixceniber, 1SH8.
8d. Twenty-live Per Ceut. ou or before the 15th day
ol June, IHliii.
4lb. Twenty-five Fer Cent, on or before the 1,-ith day
cl December, lii)9, or II Stockholders should prefer
tbe w hole amount niuy be paid up at once, or any
rcniuiulng lnstalmeuts uiay be paid up In full at the
time of tbe payment ot the second or third Instal
ment, and each Instalment paid up, shall beeutitled
to a pro rata divlduud that nmy be declared on lull
Shares. TllOJIAS M. FIUTlf,
5 14 llw Treasurer.
Tp PHILADELPHIA AND READ IXO
KA1LKOAD COMPANY. OlHce No. 227 8.
FOUR I U ttireet. Philadkli hia, May 27. 18ftS.
NOTICE To the holders ol bonds of the PHILA
DELPHIA AND KEADINU ItAJLROAD COM
PANY due April 1, 1S7U.
The Corupauy oiler to exchange any of these bonds,
of ((10( 0 each, at any time before the .(1st) first day ot
October next at par for a new mortgage bond of equal
amount bearing seveu per cei.t, lntere t, clear of
United BUtcs and State taxes, having twenty-live
year' to run.
The bonds not snrrendored on or before the 1st of
October Dext will be paid at maturity, In accordance
with their tenor. S. BRADFORD,
bhiOl Treasurer.
I'lIILAUKLPHlA AND READING!
HAlLKuAJJ COW FAN Y.
Fnn.ADKl.rniA, Jane 23, 186'.
PIVIDKMJ JSOTICK.
The Transfer li joks ot ib Ib Company will be closed
on TUKMJA Y, Juue3o,aud ba ruupeued ou THUKS
DA Y.July 18. inns.
A dividend oi MVE PER CENT, has been declared
ou the Preferred and Common b'.ock, clear of ua.luuul
aud isiate taxts; payable on Common stock on aid
alter JULY 15 lu tbe holders thereof, as tbeysbail
stand registered on tba books of the Company ou me
JO h instauk All payab e at this oltlce.
tut 2m S. BKAUFOKD, Treasurer.
HATCH KLOR'S HAIR DYE.-THH
m? Bpleodid Hair Dve Is the best In the wo Id;
the only true aud perfect l-ye; harmless, reliable.
Instantaneous; no dlsapuolnitueut; no ridiculous
tlnto; remedies the 111 ellecla of bad dyes; Invlgorai.es
aud leaves the Hair noli and beautiful, black or brown,
boiQ by all Druiglsts and IVrlumcrs; aud propeily
appll. d at Baichel-jr's Wig Factory, No. 11 UO.iD
btreet. New York. 4 27inwf
LUMBER.
1868.
BPRUCB JOIST.
SPKUCK JOIST,
HKMLOOK.
HEMLOCK.
1863.
1 Qi'Q SEASONED CLEAR FINE. 1 Qfr
lCUO. SEASONED CLiSiK PINK. lOQO.
CHOICE FATTEKN FINE.
SPANISH CEDAK, FOH PATTERNS,
BED CEDAR.
1 OC'O FLORIDA FLOORING. T Ortn
I.OOU. FLORIDA FLOORING. lOOO.
CAROLINA FLOORING,
VIRGINIA FLOORING.
DELAWARE FLOORING
ASH FLOORING.
WALNUT FLOORING.
FLORIDA BTEP BOARDS,
RAIL PLAN K.
IPllQ WALNUT BDS. AM D FLANK. 1 QiQ
1CUO. WALNUT BDS AND PL4JNJC, lOOO.
WALNUT BOARDS.
WALNUT FLANK.
1CQ UNDERTAKERS' LUMBER, loon
lOUO. UNDERTAKERS' LUaUUtR, lOOU.
RED CEDAR.
WALNUT AND Fma
lQ.'U SEASONED POPLAR. TOOO
lOUO. bEASONED CHERRY. lOOO.
WHITE OAK PLANK AND BOARDS.
HICKORY.
ICfttt CIGAR BOX MAKERS' IQrtQ
lOUO. CIGAR BOX MAKERS' 10t0.
bPANlba. CEDAR BOX HOARDS.
FOR SALE LOW.
"IGf.Q CAROLINA SCANTLING. 1Q,Q
JLCUO. CAROLINA H. T. SILLS. XOUO.
NOR WAY SCANTLING.
IRfift CK1DAH SHINGLES. IQrtfi
iOUO. fJYFREtSSHHLNuLES. lOOO.
MAULE, BROTHER A CO.,
HI No. 2S00 SOUTH Street.
T. 1YGALV1N & CO.,
LUMBER CGKMISSIOH MERCHANTS.
SHACKAMAXOS NTKE1ST WUAUF,
BEL OW SL OA lS MILLS,
( CALUlK), FHILADKLPHIA,
AGENTS FOR POUTHKRN AND EASTERN Mann
taolurera oX ELUJW PiNE aud SPRUCET1MUEK
BUAHUi, no., shall bs hai )y to lurulnh orders at
wuolenkle rait s, deliverable at auy acc slble port.
Constantly rttttivmg aud ou hand at our wharf
POLTtlERN FLOODING, SCAN 1 LING. SHIN
OI, .ATPKN LAI HH. PICKETS. BED-SLATS.
PLUCK. H KM LOCK, hkLKOT MICHIGAN AND
CANADA PLANK AND BOARDS, AND HAO
MA1CO feHllVKNKES. 1 81 ttutbi
Alt OF WHICH WILL HE DFXirGUKD
AT ANY FAIITOITIIKt'lTIf 1'KO (I HTI.V,
TJ
KITED 6TATE5; BU1LDEKS' MILL, JJ08.
n, io, auu un,iii ijinn j n eureei.
'ESLEH JJKO., PROPRIETORS.
Always on hand, made of the Best Seasoned Lnmbsj
at low prices,
WOOD MOULDINGS, BRACK ITS, BA LU9TDUUI
AXV NEWELS.
he well. Balusters, Bracket, and Wood Moulding
WOt'D MOULDINGS, BRACKETS. BALUSTJCUti
AKDNEWKLa.
"Walnut aud Ash Hand Railing. , IX, and 4 Inches,
BUTTRHNUT, CHESNUT, AND WALNUT
Mot' I.DI Nua to orrtf-. ii
806
PAT.ni.'i.ir'i.OTniKri tuv. ii in ii
I- tint pnoc paid lor hsuiw and Oeuts.
ress 11 B KIT TON.
t ic Uuif No. to teOU III hiiwU
218 220
S. FROHT ST.
CRAMDY, WINE, GIN, ETC.
I41POHTKBH OF
BRAifDi:i:s, wirvKS, Gins, irra,
S DIPT1I.L1SHH OF
FIEL" CLL r,TF, B0URL01 INU iV .DJIClGAKC!.
V 11 1 H 34 Y,
PUFE AND TJX A DULTHR AT JiV,
Ho. m Goulh FllOUT Stre&l,
PHILADELPHIA.
Donors by (he R (tin and Demijohn turniHh4
ptiivewvy lor Imnlly :nd innl rjinal ihiiioshs. Oritur
by mall will b rroiM'My at'eiulwl to. l Kihsinrp
c
MiAMfAGN b. AN INVOICE OK "PLANT
Dure' Cl'UUipUKiie, ui.uru-d aud loi s'e y
JAM 1 CA R--TA 1 1'.S, J il
12H WALK L i and 2i OUANITK Street
c
II A Ml' ACNE. AN INVOICE OP "GOLD
.1 Lac" Champagne, Iiuih.hm, and lor sale by
j n iv r urt i a 1 UN. j k.,
1? WAl.M'T and -J.X GUAM I K Ntrnflt.
CM1A.MPAUNE.-AN ' INVOICE OP "GLO
J rla" Cluwiipiigue. iuioitt-d and ftrsaieby
JAAllH CAKM AIR-, JR.,
4111 12 WAI Mi 1 am) 2 GRAN 1 1 E wlreflt.
c
1ARSTAlKs' OLIVE OIL. AX INVOICE
J ol the above, lor hale by
JAM KS CARSTAIRS. JR.,
' 126 WALNUT and i u ka NITE Strt.
INSTRUCTION.
g T V E 5 S U A L E INSTITUTE.
BOARDING SCHOOL FOR YOUNG LADIKS.
Terms Board, Tuition, etc. per scbolaMlo year. (200
NO EXTRAS
Circulars at Messrs. Fairbanks & Ewlng's, No, 7H
CHESNUT Street; also at Messrs. T. B. Peterson A
Brothers', No. 306 CHESNUT Street.
Address, personally or by note,
N FOSTER BROWNE. Principal,
10 t tbrritf Sonth Am boy. N. J.
MILLINERY.
MRS. R. DILLON,
Em large assortment of
MILLINERY.
Ladles'. Hisses', and Children's Silk, Velvet, Felt,
Straw and Fancy Bonneta and Hats of the latest
my lea. Also, Silks, Velvets, Ribbons, Crapes,
Feathers, Flowers, Frames, etc.. wholesale and
retail ijisl
FURNISHING GOODSHIRTS.&Q
H. 8. K. C.
Harris Seamless Kid Gloves.
EVERY FA IB WAKKAMIEI.
EXCLUSIVE AGENTS FOB QKNT8' GLOVES,
J, W. SCOTT & CO.,
I rjrp MO. 81ft I'HIMKUI fsTKfcET,
pATEN T SUOULDE R-SE AM
BIIIKT MANCFACTOBr,
AHDeEHTLEMEN'M FIJBNUniNO STOBUi
PERFECT FITTING SHIRTO AND DRAWERS
made from measurement at very short notice.
All other articles oi GENTLEMEN'S DRJC3H
OOODS in full vnrlety. ,
WINCHEHTER A CHq
UV No. 70S OHKHNTTT HtrMrt.
CARRIAGES.
GARDNER & FLEMING'
CAItlUAGK BUILDRUS,
0. 214 SOUTH FIFTH STREET,
BELOW WALNUT.
An assortment of NEW AND SECOND-HAND
CARRIAGES always on hand at REASONABLE
flUCES. 65 to warn
DYEING, SCOURING, ETC.
p R C J C H STEAK!
BCOURING.
ALDSCVLL, T.1ARX & CO.:
BO. 188 fcOl 111 ELfVaMIII STItiKT
AND
!' KTRCIiti 310 re
GAS FIXTURES.
GAS F I X T U R. R S.
MISKEY, MERRILL t THACKABA,
No. 71 CHESnlUT Strtwt,
marnraRtnrers or Oas Fixtures, Lumps, etc., ate.
vuutd call the attentli n of the pubtloto tuelr laro and
elegant assurliiiut ol Gas Clianilelleru, Faudant,
BruikeUi. etc. Tboy also Introduce t-i,-r)luB Inui
Iwelllius and public buik'.tnen, and attend koextendr
lug, altering, and renali-lng gM-pipes,
jlu wura wwntukiu.
Uli
TRUSSES.
i D Li,li I O L1AILI llUUiJUlk llllyUll,
No. lmv Ci. EsN UT street, 'l nis Truss oor-
lit., i r.l rvio If IDIl U 1TT !T If DrQQ I
ret liv abiilied will cure aud retain Willi rase tbe uioak
dlllifiilt rupture; alwas cloau, light, easy, sale, and
coinlorlabl, useil il balblug, liu.4 to form, never
rusut, breaks, soils, becoumf limber, or wove front
place. No straining, Hard Kni tter Abdomlual Hup.
portt-r, by which the ii uibers, Coipnhuil, aud Ladles
sullerlng with Female- wmkness, will find relief and
IierlNlsupiiurt; vrry llKhl, iifat. and enVctual. File
iistri nieuis Shoulder Bracks, Kiasilo Stockings for
wek llmhs. SnepeunloMS, eic. Alio, large stock brat
LtuUti Truosea. half usual price. Lady In attonii.
auif. IXWwtna
TO ARCHITECTS AND; BUILDERS
Hyatt's Patent Lead Baud and Cement sidewalk
Lights, Vault Lights, Floor and Roof Lights, made
by Brown fc Bros., Chicago. For sale, fitted, aud laid,
down by ROBERT WOOD CO.,
No. lias RID6K Avenue,
fwrm &m Role Agnnu for Fblladulnbhv
"XXT I L L I A M P. GRANT,
YV tOWMIfHIoSMtllUhAWT.
Ne.8B.DELa.WAhK Avenue, Fhhadeiphl,
iUUST Jflllt
Tupont's Ounpowilrr, Ki-llned Nllre, Charcoal. Etc.
W. Baker t.' t'hooolaie Cnco. a u Hrouia.
Crocker, Bros. lfc Ui.'S elluw ilull SUcuthlng;
Eolt aud IvallV Jli