dIT OF THE PRESS. DITORIAL OPINIONS OF THE LRADIMJ ,'OCRMALS BPON CURRENT TOPICS COMPILED BVBIT DAI FOR THI BTBNINO TKLBOHAPH. Simpson In n Trftiisformalion Scone. JVo the ATT Y. World. P61itical TlutaruLa are now busily eugaged In fprultfbiDg nearly as wauy "Lives" of Grailt as Grant has different names from his Sponsors ia baptism, from Congrssmau JIamar, from the caputs at West l'oiut, and from "boys 'round the corner." Must of these biographies must be as bewildering to impson as tiuipsou's numerous names are inystifjlug to hi j tponors. The latest of these "Lives' is the work o( an editor, assisted by A brevet major-general, the editor furuinliiug the fiction with regard to "Grant's Mental Characteristics," hut omitting his speeches On Marshal Brown's paps, aud other ques tions of pnblio polity, and the brevet tnajor-general exhibiting "Grant as a Great Strategist," bat suppressing the statistics of his lobS of men in the inarch from the Kapi dan to the James. We have not been favored Kith a view of the volume entitled "Grant Its a Man and a Soldier," but from the ex tracts which We flud in the journal of the editor, who also edits Grant, we should say that the Bight would be fully equal to the final transformation scene in the "White 1'awn," with far more figures and a deal more coloring. For, to sum up in brief, no human being who has heretofore walked upon the face of the eartn nas possessed line auriuuies. lie is at once the wisest, most wonderful, and most beautiful of men seen through smoked glass his eyesare large, deep, leonine, aud very etroiig, equally capable of a resolution that nothing oau withstand, and of shining with the steady light of benevolence aud amia bility. The eyes of Europe are as nothing to the eyes of Grant, aud an ordinary calcium light is but a farthing rush ia comparison. Buch trat-h as this, to those who have seen the utterly expressionless face, which flitter ing chromo-lithography fails to ilumiue, will Etamp the whole book as a grand blatherskite tf bosh. It is nothing else. Simpson is tranfufed aud transfigured in a grand transformation 6cene and exhib'ted as a demigod, liis silence is not due to stu pidity, but to sagacity; his reckleBS sacrifice of human life was not slaughter, but strategy; his few victories in war were not gained by overwhelming numbers, but by great Moral Ideas. With this sort of bosh aud butter country school districts aud village libraries Kill be stuffed till after the November elec tion. In this, as in other "Lives," the greatest paius are taken to show what Graut is not, and not to exhibit what he is. The people would like to know the few facts which can surely be ascertained aud easily presented in a life so generally unimportant. For in stance: Low comes it that this proiigy of intellect was graduated at West Point as near the foot of his class as he couveui ently could get? Under what circum stances was his resignation asked aud ac cepted by Major Raius in 1854? Ii he a drunkard, as Phillips, Tiltun, and other radicals insinuate ? Does he know his own same? lias he the mental aud moral quali ties that fit him to be President ? None of the biographies inform the public on these points, hut, as 'compensations, we are told that he has eyes which in beauty are matched only by the fascinating smile of Colfax. We note, rtTKLiVitv -l-n this 'I,t'a nf (4rfltit. Jta A T-An anil a Soldier," the attempt, as in other recent biographies, to compare Grant with Napoleon the Great, or Napoleon the Third which of the two? for he is no more comparable with the last as a statesman than he is with the first as a soldier, or with either as a man. M ty hap theee biographers of Simpson are insidiously preparing the public mind for a possible Presi dent who may choose to subsequently elect himself by bayonets to a Presidency of ten years, or by a coup d'etat at once advance himself to the throne of an Emperor. Not yet, lliram Ulysses Sidney Simpson Napoleon. Wftdo Hampton's Programme. From the Jf. T. Timet. General Wade Hampton is one of many who have allowed their hostility to the reconstruc tion nolicv to overcome the wiser promptings Of their judgment. He very early urged the acceptance of the results of emancipaiiou by conceding the principle or impartial suffrage, He professed a recognition of the tact that the Old doctrine of white supremacy is untenable, Khenoe he argued that it is expedient to base any plan of negro disfranchisement upon a principle wiiicu, equitably applied, would operate against all unfitness, whether in whites or blacks. He was, indeed, an early advocate of a policy of concession aud conciliation, the adoption of which by the South would pro bably have prevented nearly all that is un palatable in the present plan. And for this course he was for months put forward as an exemplar of the wisdom that would restrain the extreme tendencies of Southern politi cians, and furnish a solid ground of compro mise between the races when the States regain control of their allairs. liut Wade Hampton, having fallen once more among the Democracy, has dropped his llrst and pacifio propositions, aud goue over bodily to the extremists. A prominent man in the Cenvention which nominated Seymour and Blair, he has gone further thau his fellows in interpreting the platform as a declaration of war against the equality of citizenship, which is the corner-stone of the Congressional scheme. As a speaker at the Union-square meeting, he took np the strain of Mair's letter, aud pre dicted a contest of force if the Southern whites be not allowed their own way. With this view he demanded Irom his audience a pledge, the terms of which sufficiently nhow the present temper of the South Carolina Democracy: "We can have no relief unless this great Da-moi-ruUo puny will cuiue out and p'eUne liselt (bat wesball have a fulr election liial the while people of Ine Houih anall vole, and I want you all to rentier an oath tljul wtieu they do vote lhat tlitbe voles sha.l be counted, and It there is m iiihJui ily ot wnile voles, that you will place Key niuur and Blair In the White House, In t-plte ol all l Lie bayonets tuat shall he biouKiit Batumi ilieiu. I only want to s'e the el oilorj fair and U tuey do that, even with tlie lucubuhof b'aik rule, we can cany UieHoulU. em (Stales." i Applause.) The statement that "even with tie incubus of black rule" the Democracy "cau carry the Southern States," disposes of the plea on which the Wade Hampton class seek Northern Sympathy. Ttey represent themselves ordi narily as helpless under negro rule, while at Other times they boast of their ability to carry the Democratic ticket. IVrhaps the latter de claration is predicated on a repetition of the violence, the coeroion, aud th frauds by which the new Constitution is understood t have heen defeated in Mississippi. JJe this-' as it may, it is plain, from Mr. Wade llainptou'a wn showing, that the Southern whites are not slaves after all. If they now control the ballot-boxes, we do not see why they are hor rified by negro suffrage. Why complain If it id ready to do their bidding ? The oath which the Northern Pdinocraoy are asked to register means more than appears cu the f urface. It is an assertion of the right Of the Southern whites to vote at the Presi dential election, whether the States in which they reside have or have not been restored to THE DAW fiVENINGU TELEGRAPH PHILADELPHIA, WEDNESDAY, the Union. We have known for home time that nmler cover of this claim plans have been devised whioh menace the peace of the country. But Mr. Wade Hampton ia the fhst, we believe, to proclaim aad publicly in dciee tliem. The measure just passed by Congress plaoes the matter on the proper basis. It declares leforehand that States, bo called, which shall not have completed reconstruction will not be admitted to the Electoral College; in other words, tbat only the States represented in Congress will be recognized In the counting of votes. The declaration was not essential, since it is plain that where provisional gov ernments continue the people have no better title to participate ia the election than the in habitants of Territories, liut it is enacted in order that no charge of partisauship, or of an arbitrary exercise of power, may hereafter be preferred against Congress. Under the operation of this law, it is possi ble that two or three of the ten States may be excluded from the electoral college. Mis sissippi will almost certauly be still out of the Union; Georgia is threatened with delay by the Democrats in the Legislature, who ailirm their ability to prevent the ratification of the constitutional amendment; and the position of Virginia is not less doubtful. While, then, all the other SUtes will, aooord irg to present appearances, be restored in season for the November coutest, these three States may possibly be still unreconstructed. In that case their votes ought not to be, aud will not be counted. To this contingency, we believe, Mr. Wafle Hampton's appeal refers. He calculates that the Mates which temporarily defeat the Re construction plan may be relied upon to sup port Seymour and JSlatr. And his purpose, and the purpose ol a large section ot the Democratic party, is to insist that their votes thall be counted, in defiance of law, and of whatever authority may be exerted in its sup port. It is a demand that that Rbel element which resists the authority of the Lnion, thall share the privileges of its Government by violence, if necessary. The case revealed by Wade Hampton is yet worse. In speaking of the Presidential vote, he excludes altogether the enfranchised ne groes. He requires that the coutest between Grant and Seymour be determined by the whites alone. "If there is a majority of white votes," he says, Seymour and Blair shall be installed "in spite of all the bayonets tbat shall be brought against them." Blair's letter is not more revolutionary than this pur pose of the South Caroliua chivalry. It is madness, of course. But it is a niwuess which indicates the temper at work in the mind of the Southern Democracy. The Secretary ol" the Treasury ami the Gold King. from the N. Y. Herald A great many people wonder why gold re" mains at such a high premium, and why ev erytLing the people buy is high accordingly. They reason naturally enough that the gov ernment and the business of the country are in a solvent condition ; that the war ended. three years ago and peace has been firmly es tablished; that the income of the government is greater than the current expeuditure; that the gold receipts from customs exceed the de mand for coin to pay the interest of the debt; that we produce eighty to a hundred millions a year of the precious metals from our own mines, and that the treasury has in its vaults nearly all the time a hundred millions or up wards of specie as much as the Bank of Eug land ordiually holds to represent the whole paper circulation of that national establish ment. They reason thun, and then ask with surpiiee why we have not specie payments, or, at least, why gold is not at a much lower premium. There are two causes chiefly for this anoma lous and unnecessary state of things. First, the stupidity and mismanagement of the Sec retary of the Treasury, and next the opera tions ef the gold gamblers of Wall street. Mr. McCulloch and the pettifogging financiers in Congress are continually talking about a super abundance of currency and the necessity of contraction in order to bring about specie pay ments. Of course specie payments could be forced if the greater part of the paper money in circulation were withdrawn; but the people would be left without a sufficient circulating medium, and the whole country, except a few capitalists and bondholders, would be thrown into bankruptcy and ruin. Amputation might he successfully accomplished, but the patient would be killed. The precious metals cannot answer all the purposes of trade. They do not in England or any other great commercial country. They are merely representative in part, and that a small part, of paper values and of business transactions. It is impossible to define the precise proportions one should bear to the other. That must depend npon the circumstances, nature of trade, geograph ical extent, and other things of each nation. The Bank of England is allowed to issue double the amount of notes to its specie reserve, in dependent of the circulating notes of all the other banks. We require in this country a greater propor tion and a larger circulation of paper thau they Lave in Englaud. Business is carried on there in a more strictly commercial manner, upon extensive individual credits; here trade is more from hand to hand, and requires the use of a more abuudaut currency. It is a question whether we have now more currency than the country needs, especially if it were more evenly and generally distributed. It is certain there is not more than will be needed with in a few years. Nor is there much more actually in circulation thau before the war, if we take into account the legal tenders required to he held in reserve by the banks and the amount lying always in the Treasury, and if we calcu late the whole amount of bank issues through out the country at the time the war com menced. No, it is not the superabundance of paper currency, nor the waut of precious metals, that prevents us returning to specie payments, but the mismanagement of Mr. McCulloch, the Treasury ring, and the gold gamblers of Wall street. During the war and since the gold transac tions in this city buying and seillug gold, so called amounted to several hundred millions a day, and now, in the black times, the average transactions probably amouut to little less thau a hundred millions a day. This is all fictitious, nothing but gambling. No gold is used, or at most a very significant amount. Hundreds of millions are bought and sold when the parties have nous and Hover see the color of the metal. Strange to say, too, these bogus gold transactions ou such a magnitude are car ried on chiefly by a fevv persons, a dozen or so, aud they for the most part foreigners. All the gold actually needed lor commercial pur poses by our merchants for paying duties and: balances of trade abroad is njt over over half a million to a million a day all the year rouud. This would rarely have any efl'eot npon the price. There is an abundance for this purpose. The amount required would have no influence iu depreciating the currency, in keeping np the prloe of gold or in retarding specie pay ments. It is the fictitious gambling business of Wall street, and not the legitimate business of trade, that keeps up the price of gold and .p ,? eTery ihuS w or use. Mr. McCulloch plays luto the hands of these bogus capitalists aud gold gamblers. The Treasury rinjr ia not a myth, but a lamentable reality. The meinlers of it in New York are favored by the Secretary.- They get informa tion directly, or Indirectly, from him which f nables them to put gold up or flown as they please, and to make large fortunes. They have their agents in Washington, who are made acquainted with the seorets of the Trea sury Department and exercise an extraordi nary influence over it. Butler, when he got hold of the Sam Ward despatch in his im peachment investigations, supposed he was ou the right Scent for the information he wan'e 1, but he was on the wrong track. Had he been investigating the gold operations of the Trea sury ring he might have made useful discove ries. We look with astonishment at the enormous whisky frauds and other frauds' ou the Government, and with reason; but we doubt if all of them together amouut to &i much as the losses to the Government and people through the operations of the Treasury ring and the mismanagement of Mr. McCul loch. The Secretary has the power to prevent these evils, but he neither has the ability nor inclination. " Some remedy is imperatively demanded. The administration of the departments, aud particularly of the Treasury Department, is disorganized, corrupt, and inefficient. The country must look to Congress. It should begin with Wall street. To break up the Treasury ring and to prevent the gold gam blers from keeping up the price ot gold with the depreciation of the ourrency, it should tax heavily all these pretended sales of gold. The legitimate transactions for commerce might be exempted upon proof, but the gamblers should be made to py high. A sliding scale m'ght be established and stu h laws framed as to catch all the bogus operators and let the legiti mate and honest merchants escape. This would tend to break up the Wall street den and Treasury ring. At least the Government might derive a handsome income from such a tax. We hope Congress will do something to remedy this monstrous evil before it ad journs. Tiic Prospect. From the JT. Y. Tribune. Too great confidence in the success of Grant and Colfax we especially deprecate. That they will be elected, we do most heartily be lieve; that they tnu t be elected, whether the proper ellort lie made or not, we do not be lieve, and we would warn every friend of our cause and its representatives against the delu sion. If we should generally conclude that we cannot re beaten, and thereupon conllue our exertions to shouting over our anticipated vic tory, we shall awake, wheu too late, to find ourselves badly beateu. What we do believe is this: It is at least twice as easy to elect Graut aud Colfax as it would be to elect Seymour and Blair. If the etl'orts put forth on either hand shall be equal, we believe the t,hio20 nominees will receive fully two-thirds of the electoral votes cast. And such is the result that we confidently ex pect to work tor and secure. The Wurld attempts to show a good front for its candidates as follows: STATES F0K SEYMOUH AND BLAIR. In canvassing the question tvltb the delegates to tl e convention Hince the nomluuti'm whs made, the JoilowlnK Mules are put down as sure lor Seymour gnu man: Connecticut (i Delaware 3 New York 3H Kentucky U IS'ew Jersey 1 Missouri U Pennsylvania irncoii.sOi 8 Ot'O al ' Kansas $ Calfoinia 5; Alary land Indiana 13 Oregon 2 Total TOO Nevada Kl Ouo liuudred and tllty-ulue votes nre all that is noefssary lor election, unit In the above Uiole tliere are one hundred auu sixty electoral votes without counting one of the S inMiern States engaged In the llebeinon. Ia trie list of Suites elveii. every one save three, In wuloa Rotate election has been held in the last tlju'e-n montliK, Iihh jtoue Democratic. In all, the local elentloiiB have exhibited great, Democrat to gains, biilttclent to lusure the estate fur the De mocracy this fall. We have not. counted Illinois In the list, hut tho delegates to the Convention declared that there was no doubt but Femlleton would carry tnat (State. If it would be certain for Fondleum, then it enn be aafely counted for Seymour aud HUir. In addition to this, t he Stales of Alabama. Geor gia, ar d MlKstlsippt are certain to Live a Demo emtio majority with any fair chance for voting. TniB will give twenty-four more electoral voles and swell the Democ.utlc column to IS!, liut the Republican are laooriug to exclude tho votes of theHtatesof Virginia, Texas, and Mis sissippi, by legislation lu congress. If the elec toral votesof tliet-e states are not counted, then there will be In the Electoral College 201 votes, and 118 will be all tbat will be necessary to elect. The Democracy can then lose Olilo, aud still secure a majority of the Kleotoral College, with out countiun any from tne Houth : or, oy carry ing Ohio, they cau lose Missouri, Wisconsin, and Kansas, and Mill elect their ticket without receiving a vole from the South. There is, therefore, every reason for enoourasement to Denn cracy, aud the election of Seymour and Blair may De put down as a certainty. Comments hj the Tribune, We have given the U 'erld's bulletin verba tim, in order that our readers may see how bad the case really is. Ohio which has gone heavily Republican at every Presidential and every Governor's eleotion since there was a Republican party, and which, even last fall, elected her Republican Governor by 29S3 ma jorityis "put down as sure for Suymour and Blair." Why not Vermont also f Missouri gave Lincoln 71,o'70' votes to 31.G2G for McClellan, and at her last election (lSb'ti) pave U2.187 Republican to 40,1)1)8 Democrat. We are quite aware that Price's army haa re turned to the State, aud i3 solid for Seymour and Rlair; but not a man of it can lawfully vote, and the Republicans hold the registries. Missouri may not give Graut quite so large a majority as Massachusetts 'will; but she can hardly fail to give him 20,000. Kaunas never yet failed to go largely Repub lican since the Missouri Border Rulliaus stop ped votiDg the Cincinnati Directory at her polls; and at her last Governor's election (1SCG) thus proclaimed her conviction: Crawford, lie) 19 370 McDowell, Pen 8131 Itepublicau majority 11,'tU. Her vote for Congress was jut about the tame. She will this fall poll 50,000 votes, (thereof Grant aud Colfax will have more than 10,000 majority. We do not guess this; we inter it from her whole past history. Wisconsin never yet gave an auti-re-publican majority since the Republican party was formed, never chose an auti-Republican Governor, delegation to Congress or Legisla ture, and never meant to choose an anti-He-publican United States Senator, though she was badly sold in the re-election of James R. Doolittle, now chairman of the Democratic Congress Committee. Last fall, wheu every whiiller went against us, she re-elected her Re publican Governor (Fairchild) by 47ti4 ma jority, and went Republican on every ticket; this Spring, she cho-ie Republican Judges on a light vote by some 0000 majority. The high est vote she ever cast was iu 1SJ0, wheu Liu coln had 0,202 majority in an aggregate of 152,018. We believe sho will this fall poll about 20,000 majority. I Doolittle were ou the other ticket, Wisconsin would give over 20,000 majority against him. . We will not further pursue thU analysis, hut simply s"tate summarily our couvictions: The only States that we consider morally certain to vote for Seymour and Blair are Keu tucky, Maryland, and Delaware; aud even Delaware miylU be carried by Graut if his friends were as active aud zealous as they should be. Kentucky will give the Republican ticket over sixty thousand votes; but, as her liebela all rote, while every colored mm in cluding even those who fought to put down the Rebellion is disfranchised, we do not ex pect to carry her. Were either the R--WU disfranchised or the blacks enfram-hii-ed, sh wonld vote for Grant; and to with Mrvlaa 1 . We Shall not carry nil the remaining State: but we shall zealously contest them all. and hope to carry at least three-fourths of their electoral votes. A cood many of them are beyond doubt. Vermont will give Graut about three to one lor reytnour; Massachusetts at least two to one; Tennessee at least as um ih; and we shall be disappointed it Maiue. Ohio, Illinois, Missouri, Iowa, Wisconsin, Kansas, and Michigan do not each give Grant more than lO.t'OO majority. We hope, to give good majorities for Grant in many other States; but enough. Finally though beta prove nothing lint the confidence of the parties we happen to know that a Republican from another State, who was here when Seymour was nominated, left $10,000at the St. Nicholas to be iuvested on the election of Grant and Colfax, if any Sey mourite should have equal taith in the suc cess of his ticket. We have not yet heard of any one going for that money. Political IMshonosly. Prom the A". Y. Commercial Advertiser, The Democaatio party must henceforth lear the responsibility of educating the public mind for an essentially dishouest method ot dealing with the national debt The following plank iu the New York platform must be re cognized in history as the first overt step towards repudiation upon the obligations of the United States: 'Third. The payment of the publio debt Where the obllgat.ons do not 'xprensly state on their face.or iuh law under which they were lMird ih'tH not provide p-iyrnnnt In coin, should be paid lu Hie lawful money of the United Hlutcs. The first instinct of the people at large ac corded with the understating of the bond holders when they iuveated iu the bonds. The subscribers to the Five-twenties unquestion ably believed they were taking an obligation, the principal of which was payable iu gold, the Secretary of the Treaf.it ry aud his loan agents plainly asserting as much, while the general publio have felt themselves insulted at any intimations by foreign censors that the bonds would be ultimately retired in any otber way. A class of politicians, however, who openly make boast of their contempt of the claims of the boudholders, have put forth the doctrine that as the wurd gold doe3 not occur in connection with the principal of tke bonds, neither on the face of the obligations, nor iu the acts authoriz ug their iswue, it is therefore competent for the Government to determine that the intention was they should be ledeemed in paper currency. This we unhesitatingly prouomnce to be a direct challenge of whatever ther may bs of dishonest sentiment in tho heart of the couu try a temptation of an honestly disposed peo ple to flagrant injustice; an attempt to build a financial policy npon rascality. It is not easy to coinprchiud the logic of this Democratio temptatiou to dishonor. If it were necessary, in order to render the bonds pya" ble in gold, that gold should be stipulated ou the face of the bonds, or iu the authorizing acts, surely it should be equally necessary, iu order to their beiug payable in a depre ciated currency, that greenbacks be specifically designated as tho medium of pay nit lit; but these repudiators find no more men tion of the latter thau of the former. If the Government meant anything ditl'ereut iu the word "dollars" from what it has always meant; if it meant not actually dollars, but suspended promises to piy them; then, in negotiating the bonds, it was bound ia honesty to say so. The Government, through its agents, did at that time construe th term "dollars" as meaning gold; and now the Democratic party promises that, if admitted topower. it will accommodate the large nou-boud-holdiug class by determining that the term means not gold but paper. Nowhere, in the duma n of uni versal politics, is there to be found such a shamelessly dishonest bid for power. Taxing1 IJonds. From the N. Y. Evening l ost. There is a portiou of the Democratio press which openly acknowledges the humiliating truth that the platform of their party is dis honest, that it explicitly demands of the Gov ernment the robbery of its creditors. But there is another portion which is either very ill-informed or very uncaudid; aud some of them even pretend that there is nothing in their platform inconsistent with perfect good faith. The Democratio party, the resolutions say. demand "equal taxation of every species of property according to its real value, including Government bonds and other publio securi ties." Now there are two distinct authorities under which taxs are laid in this country that of the National Government and that of the State government. The National Government taxes trade, manufactures, business, and incomes. It has never attempted to tax "equally every species of property, according to its real value." Such a tax is expressly forbidden by the Constitution, which prohibits any direct taxation, except when apportioned among the Statts according to population. By "direct tax" has always been understood a tax levied directly upon prreons or upon property, iu distinction from duties, imposts, aud excises. To avoid this prohibition Congress has not taxed property as such at all. But the States tax property, and nothing else. The assessments they make are of the "real value" of both real and personal pro perty, as the assessors estimate it; and the fundamental ptinciple of State taxation is "equal taxation ot every speoies of property according to its real value." The only important exception to this prin ciple has always been the limitation ot the power of the State by the paramount power of the nation. But this limitation has always been jealously enforced by the courts of the United States, iu defiance of the "States Rights" party. The State of Maryland levied a tax upon the Branch Bank of the United States iu Bal timore. Chief Justice. Marshall decided the law a dead letter. A little later the State of Ohio deliberately attempted to tax another branch of the came bank nut of existence. The whole Supreme Court agreed that the aut in the statute book was waste paper. Pennsylvania was the next State to try the Calhoun dootriue iu practice. She undertook to tax national officers in her territory for their salaries. Mr. Justice Wayne delivered the opinion of the whole court, including Chief Justice Taney, that "the States are restrained by such prohibitions as are implied when the exercise of ihe right of a Statejconiliuts with the perfect execution of -another sovereign power delegated to the ' United States. That occurs when taxation by a State acts npon the instrumentsaind emolu ments and persons which the UTiited States may use and employ as neoessary and proper means to execute .' their sovereign pow ers." 1 (Hi Peters 4of ) Pennsylvania cauuot, therefore, tax the salaries of national oifloe bolders. But South Carolina went further than Mary. JULY JL5, 186& 218 I 220 S. FRONT ST. 4 - OFFER TO TUB TRADE, IN LOTS, FIKE RYE AAD BOIRROX WHISKIES,' nr?D0m Ol lt?f5, 1?00, 1807, nnd' 1808. ALSO, lliLE IliVE LYE AAD KOIRROX WnSklES, Of GREAT AGE, ranging from -ieo4. to if- Literal contracts will be entered Into for lota, in bond at Distillery, of this yefwV rrtsnnfaoturej . i land, or Pennsylvania, or Ohio, only to gt a still more decided rebuff. She enacted, torty yeais ago, for the city of Charlerdon, in very similar language, precisely what the New Yoik platfoim demands; an equal tax on all kinds of personal property, "including stocks of the United States." The Supreme Couit declared the act an attack ou the sovereiguty of the United States, aud, therefore, unconsti tutional and void. ' ' Finally, the S'ate of New York, under the government of Horatio Seymour, male a per-' , distent and ingenious effort to eva ie this prin ciple. For two years she coutiuued the Strug-, gle of cunning against the Constitution, en deavoring first by a tax - on the capital of the banks, and afterwards by a tax ou "a valua tion equal to the amount of their stock aud of their surplus earnings," to do that indirectly which could not be doue directly. But the Supreme Court, in successive decisions, brut-hed away all the cobwebs spuu arouud the constitutional principle,' and declared that the United States could net submit to the ex ercise of any power by a State which might be used to destroy their sovereiguty. -' Every otber species oi property but that connected with the paramount powers of the Gfueial Government is evirry where subject to taxation, aLd, in this State, is heavily taxed. But there is no single legal proposition which is more clearly established thau this, that "equal taxation of every species of property,. according to its ral value, iucluding Govern ment bonds and other public securities," is unconstitutional and impossible. Yet the Democratio party solemnly demand this. They attack the Constitution, they deny the setthd law of the laud, they transfer the Rebellion, beaten iu war, to the field of politi cal finance; they revive the extiuct doctrines of Calhoun, which it has just cost half a gene ration of our growth to put down. An-effort is made to escape the issue by as suming that the platform demands taxatioti by the general Government, and by that alone. But to do this seriously, one must further as sume thut he is addressing fools. For the platform d es not say anything about the authority which shall levy the taxes it demands. Will it be said that the Convention meant "equal taxation by the United States?" No; for the Convention has taken pains to (how that it meant no such thing, it says expressly "equal taxation of every species of property." This phraBe is nonsense, if ap plied to the United States. They tax no pro perty at all; but, so far as they are concerned, all property is alike exempt. The only tax levied by the general Govern ment which has any semblance at all of a pro perty tax is that upon inoomes. It is now, aud has been for several years, lvind "equally on every species of property, including Govern ment bonds," according to the annual inoome they yield. Thus the phrase iu question is doubly seen to be nonsense if applied to the national system of taxation. But applied as it is meant, to the present exemption of the bonds from the taxation to which farms, houses, mortgages, and railro-td stocks are subject in this State and in every State, it has a clear and consistent sense. It means the overthrow of the Supreme Court. It means the destruction of the na tion's sovereignty. It meaus the supremacy of each State over the General Government. It means all that Lee fought for in Virginia and Seymour in New York during the war. It means all tbat we thought Grant had ended forever at Vicksburg and at Richmond. But it means yet more than this. The laws under which these bonds were issued con tained the assurance that they shall be "ex empt from taxation by or under municipal authority." This is a part of the bargain agreed upon between the United States and its creditors. The Democratio party demand the delilierate breaking of this bargain. Their platform on paying the bonds in greenbacks is at least bold dishonesty; but this on taxa tion is a mean kind of. theft. The Pendleton doctrine may fairly rank with highway rob bery, but the Seymour addition savors of the pickpocket. FURNISHING GOODS, SHIRTS, &C H. 8. K. C. Harris' Seamless Kid Gloves. KVi:ur fAIU WAUKIMTED, AXCLUblVK AOH-NTS. FOK OltNTH' U LOVES. J. W. SCOTT & CO., tf7rt HO. SH ir MlUISin. pAlTNT SIIOULDER-SEAJK B1IIUT HANVFACTOBT) a JJ UJSSTfcKMl; tt'm rTBNUHINCI STORK !:ttrMrr FirriNtt em nre and ckawkw u:de from nipviaremept l very stion notice. All oilier kriicies ol UKMTLikM.KN'ti DKJfbe liitoix in mil variety. WINCHESTER A OOn Mi No. 7tw CHKSNUT Htroi. MILLINERY. MRS. R. DILLON, won. asia and ana south stbet Bu large Msortmnut of WJLLINEBir. LadlcA'. MlMet'.aud Uiilldren's blik, Velyei, fell, fcitraw and Fucy Jlunneta and Hat of the latetl siyltfe. Ainu, HiUa, Velvet. luCbuna, Urapat, KfttLiieri, Alower, Frame., etc., wholesale uo reUtIL ll JOHN C R U M P. CARPENTER AND BUILDER, SnOPNi MO. 118 l.OnJE HTBKRT, AW tiO. 1183 ( JII KXI'T tTREETt fa PHILADELPHIA. ' QEORGE PLOW MAN. ' ' CARPENTER AND BUILDER " " REMOVED To No. 134 DOCK Street, PHILADELPHIA. OAR CAStOFFCLOTIIIflO.-THElliaH Cv". em price paid tor LtkUie nnd Ghui.j. Addret. 11. HKllTON. tltlw ' Ko. bOStoOUXUblN. 218 & 220 S. FRONT ST. A BRANDY, WINE, GIN ETC. F4EALL & McORIDB, nroBTBBs or BRAKDIES, WIBES, GISTS, ETO, , aD DtHTILLBRB Or FINE GLD F,TE, EOUREOlt AND KDICMhHEU Av II I H It Y, PUEK AND UNADULTKRATBD, No. 151 Bouth FEONT Street, PHILADELPHIA. L1qnor by B aod Pm!Jori tarnishes pil'nug'y lor fnuilly ind Dif-rtl-jln! purptnea. Orders by mall will bs proibntly atemidnd to, l ttihunrp f M1AMPAONK. AN lMVOICh OP "PLAUt ' Aor" li tnu pan ue, inu'oriea ta rorimehy 126 WALML1 aud at URAMT& Slrei. IJillWIAIHH, J R CHAMPAGNE. AN 1NTOICE OF "GOLD Lao" lthaL pafiue, linixrie( and tomnleby J A tf KH CA KHT4I IW, JR., 128 WALy L'T aud 21 BRA Nl TIC WtrecA. HaMI'jQNE.AN INYOICB OP "GLO rla" Cliauip&Kntt, Imported and for sMe by . f.' , JAMK8 t'AKSTAIKH, JR., 4 II t iM WAlKVl and l- ORAM I K street. CA1WTA1UV OL1VB VpIL.-AN IXVOICS ttth. above, for talbr' V . J M &i CA RUT A.IR. JR., ' l2fi WALK UT mm giQKAJilT fl Blroet JJAVma'-FUJlCnASED THE INERE3T OF THOMA WHIOI.VJi,"Et. J"; My late rartner Id the Arm of WKIOQIN4 A WARk DEN, I am now prepared to offer '. A NJtW AND VAKIKD STOCK OF WATCHES AND JEWELRY, AT THE OLD STAND. .r M.E. CORKER FIFTH AND CIIF.HNUT ST. And r-Bp pttullj request a coutlnnnncn ot the pa. tri nagp no long nod IIDrally bmowed upon tlie la tirm. PttrMciilnr attention Kivon to the repairing ol W ATCllKB ASD JKWKLKV. A. B. WARDEX. Philadelphia, March 18, 18H8. - CSwrmZtn J E WE LRY I -jj EWELRYI S. E. Corner Teiltli aiid Chesuut. ; , NEW STORE. ; NEW. GOODS. WRICCIN8 & CO., (Formerly Wrlggln. 4 Warden, Fltth and ChMinut) Invite ntientuiu to their ew Jewelry store, b. K. out' ver 1 h NTH and l!H JKytN UT Btree.s. We are now tirepared, Willi mir Intensive Stock, to oiler HBKAT lNDUCKMtiNTd to buyers. WATCHKS ot me n-ot ceNHrntd matter. JEW KI.KV, and MLVKK WARl always the latest da ait-nB aud beta unalltteH. Gcoose'peciiillv rmilRnedfor BRIDAL PRESENTS. :mii'ilar attention given to the Repairing of WATOHlOi AND JKWKLKY. ; , L 1 mwf WRIOGIN8 4 CO., 8. E. Corner Tenth and OlieHnut StrwU. VtWlS LADOMUS & CO? 'DIAMOND DEALERS ; JEWELERS.) W ATI 11 EH, JBKLH AHIl.VKH WAUE. ,WAT0HE8 and JEWELRY REPAIRED, gCheitnnt St., PM 7t WATCHES 0? THE FINEST MAKERS, .." DIAMOND ASD OTHER JEWELRY, . ' ; Of the latest styles, ' "V -l ; ' SOLID SILVER AND PLATED-WARE, ETO. ETO. SMALL STUDS FOR EYELET HOLES, A large asaortment Just received, with'' variety of ' settings. ' ' 51HP FINE. WATCHES. We keep always on hand an assortment ot LADIES' AMD EMTS' "FIHE WATCHES'! Ol the best American and Foreign Makers, all WW anted to give complete saUalacUon, and at UBEATLY REDUCED PRICES. FAHK A BliOTHKIS, importers of W atones, Jewelry, Musical Boxes, eta, U llsaithf rpj Wo. 82t CHX6NTJT Bt below PonrtH. Espoeial attention riven to repairing Watches aat Musical Boxes bv PlRHT-GLAn workmen. U K R E T - CLOCKS . Q. W. RCBBELL, - Importer and dealer In fine Watches, French yiocka. told Jewelry, Etc., No. 2J N, SIXTH street, having received the ageuoy of STEVENS' PATENT TOWEB CLOCKS, "'. ' Is prepared to make estimates and contracts 'or pol ing np these Clocks for Town Halls, Cunrchus, School Houses. Etc., in the full assurance that they are the best and uueanest ' - . TCKKET CLOCKS " ' '''. ' . , In the United 8- ates, J i ' . '. Inquiries by mall promptly answered. .- Hat 1" H ES T CAM C E N ERATO R JlAKiFAUTUUIXG 'GOBIl'ANT or irfcSftStTLVASIA. CAPITAL. - S '09,000 This Company are now prepaii&d a furnish ' WIEUAKD'H PATKSt I JBtfROVEp STEAM . . ; ". tfCM B A'lORt I . 4.1 c . Of any power required, apon iwo weeks' noMoe. They have been introduced in '-tb!a city, and thoroughly tested with most Ustiiotorjr moults, and are sold ' UNDER GUARANTEE O AUMOLUTE bAFETY ' FItOM PEMIEUOTIVK . K3 PLOSION, They are cheaper In first cost, and In eipelVe of erection, more economical in fuel, durable aJ Convenient la us ' . than any other aiipaiaius tor generathig steam. I i.OFFICM'Oir COM PAH r, ..i o. - ': eelhon ju moKEWOf.jr"!""". ' EDWARD Hi 6 All AM, i c a U J i- -vtam r.r. vt;r i .7 HanfeMrvABul Trea dumbt , i- ')' 1 r r - r "ir ! TT KlON l)lTlf AMI ,SlINlJM)llANf. U a Past., lor boumlCf'r.H"abiitr, Paper- 1... -'. i. , ii i nnt nnr 4h fhM) and always jn . . . . T ready l,,r use. KelT J K'Wprnoou A (Jo.. 1 A Keller. William Mann, L'liiial.ip(.ta inquirer,! Harper Uros., Awerluau 'Ira; W'J' "V4' ' ' St - 1 - : No.tOOMMJatOBuwk"
Significant historical Pennsylvania newspapers