THE DAIL.1T EVENING TELEGRAPH PHILADELPHIA, MONDAY, AUGUST 3, 13G8. SPIRIT OF TIIE PltESS. uiTORtAti oninosa or run ibaiin kubal UPON CCB&KlTf TOPIC COMPItiED MVABT AT FOB 1KB 1VEN1N1 THUMBAPB. Senator Hemlrlckg' Speech. From the Chicago Tribune. Mr. Hendricks, of Indiana, got home to In dianapolis on Tuet-day uigut, and made a Bpeeou. lie wept plteouHljr over the wrongs and Bufferings of the inn recently in rebellion. Lee and Beauregard have lost their corninia Bions in the national arm y a number of men Who were Senators and KepreWntatives before the rebellion cannot get r-eleoted; the rebel Whites who have lost their means in the war cannot re-illl their exhausted pookets by sell ing a negro or two; and in short, the wrongs and deprivations heaped npon "a brave and chivalrous people" by the Republican party have not been equalled since Grant aud Hher man, in 1805, disarmed about 150,000 of them and sent them home on their parole of good behaviour. Mr. Hendricks denies that there is any peace, or can ever be any peace, at the South, as long as there is a Republican President, and for proof of it refers to Fiank Ulair's threat to renew the Rebellion, destroy the Southern State Governments, eject the present Repre sentatives in Congress, and compel the admis sion of new ones eleoted by the Rebel organi zations. Hut Mr. Hendricks is most piteous in his lamentations over Southern wrongs when he discusses a bill which was before Congress, providing for a reduction of the army and the withdrawal of the troops from all the States, except the garrisoning of forts, eto., and the distribution among the several S tates, according to the population, of arms for the State militia. The bill directed that there be dis tributed to the States, and delivered to the Governor thereof, from the national armory, 292.000 rifles with the accoutrements, to be held by the States for the use of the militia. The dibtribution proposed would give 1000 for each Senator and Representative. Mr. Hen dricks saw nothing in this measure but an attempt to arm the negro aud enable him, at the point of the bayonet, to control, subjugate, rule and govern the thirty-three or thirty-four millions of white people in the United States. The whole number of arms falling to the share Of the reconstructed State governments was Only 48,000, leaving among the people of all the other States, 244,000 muskets with which to defend them-elves against the South. Ohio, Indiana, Illinois, and Kentucky would get one-fourth more rifles under the bill than all the reconstructed States combined. The reader will hardly believe that tMI ex candidate for President, the pressut Senator, and the candidate for Governor of Indiana, devoted a large portion of his speech to a statement of the sufferings and oppressions which the South might endure under that bill, when he knew, and the South knew, and Lis hearers knew, that the bill did not pass, and is not the Jaw. Mr. Hendricks' tears upon this subject are only equalled by those shed by the venerable maiden, who wept because if she should ever get married, and if she should have a baby, and if the baby should wander off aud fall into the river and be drowned, how afflicted she would be i Mr. Hendricks attempted some weak assaults upon taxes and expenditures, but Commissioner Wells' official report on that subject, printed In the Tribune this morning, crushes his mis representations and those of other Copper Lead statisticians in t he egg. Domestic Difficulties of the Democracy. From the N. Y. Timet. The Democratic party, just now, is not a happy family. It has troubles within and troubles without, and in both cases they pro mise to be greater. To the difficulties attendant upon a.war against Graut are added the diffi culties arising out of sectional differences in the ranks of the party itself. Its light would be an arduous one under the most harmonious circumstances. It is especially difficult now, because East and West are not cordially in unison, and a galling tire is kept up in the rear of both by the dictatorial Southerners. The financial question is a cause of coolness, if not of contention, between Eastern leaders and Western. Among the main body of the party, in both sections, unanimity undoubt edly exists. They agree in the demaud for paying the bonds in greenbacks, and mean while for taxing them nationally and locally. The rank and lile are hearty l'endletouiaus, theoretically and practically. But the officers those who control the supplies, direct the movements, and judge of the tactics that may be advantageously employed can do no more than agree to differ. The East, they know, must dodge repudiation, while the West will have it, hot and poisonous as cheap whisky. Eastern managers, therefore, exclude Pendle ton, while Western Democracy wauta him above all other canvassers. Mr. Tilden is valiant after a fashion; he insists that his party shall be aggressive; but he and his as sociate managers in this State have a horror of Pendleton and his heresies. Whoever else may come to talk in this State or in New Eug land, or in Philadelphia, Peudleton must be excluded, By this course the wise men of the East hope to fiud pretexts for their hypocrisy touching the currency and the bonds. The Western Democrats, on the other hand, are more positive. They care nothing lor Sey mour except as the occupant of Pendleton's platform, and they will tolerate no attempt to evade or explain away its meaning. They are for taxing the bonds almost out of existence, and paying eff what may remain of them in greenbacks; and they insist on conducting the campaign on this basis. The pets of the East ern Committee obtaiu no favor there. Sey mour, who rides awkwardly astride tha bond question, 1b not wanted; and Blair, whose let ter treats the financial question as subordi nate, everywhere encounter indifference. The West does not want to hear Seymour or IUair or anybody whom Messrs. Belmont and Tilden may select. It wants the outspoken Pendle ton and those who are as fearless as he in the cause of repudiation. Here as well as there, the issue really to le settled is one of good faith or repudiation; but only the Western managers fight manfully under the latter flag. The Lypoorisy of the Eastern leaders disgusts Western Democrats as much as the platform disgusts the country. The most formidable of the party's difficul ties, however, grow out of the new demands of the Southern Democracy. On the bond question the domestic squabbling is for the most part carried on within doors. There is a row, but the report thereof is muiHed. Pru dential considerations restrain it somewhat. and suggest the maintenance of deoent ap pearances. But the representative fire-eaters snap their fingers at prudence, aud bid the country note their temper. They despise the caution which prompts concealment not less than the duplicity which elicits their remon strances. They helped to make the platform. and they are resolved that the meaning which they attached to it in the Convention shall be adhered to by the party. The Northern Democrats, then, who were Solicitors lor Southern co-operation, nmi too late that they have caught a Tartar. They desired lor appearance sake to get up a re united and national party, and the South, which they took in by way of helpmate, plays I virago, and aohumes the airs of master. They I are consequently in a mortifying dilemma. They timet tone down the Blair letter, or the , iioim Will not allow DPjmuur iu qui uin Utica farm. They must interpret the anti recoiifclruction features of the platform paci fically, or the loyalty of the land will squelch them as copperheads. The South, mean whPe, cries out that the party is a oopper bead party; that the Convention was Cop perhead; that platform and candidates are copperhead; aud that nnder no other charac ter can the party hare the favor of unrepent ant Rebels. It availeth the party nothing to plead that the Southern Demooracy ought not to be Judged by the indiscreet utteranoes of a few leaders. The plea would be plausible if the displays which have attracted atteulion were exceptional. But they are not. Wade Hamp ton, Toombs, Ben. Hill, Cobb, Semmea, in their denunciation of law, and their invocation of violence as a means of overthrowing the new Governments, do but reflect the spirit aud purpose which rule among the Southern oppo nents of reconstruction. We have reached this conclusion reluctantly. Up to a compara tively recent period there seemed a desire to confine opposition within lawful, peaceful, practical limits. With the holding of the New York Convention, this disposition vanished, and it is new impossible to observe the coarse of the Southern press, or the proceedings of ratification meetings, without recognizing evi dence of the change. Acquiescence is no longer hinted at; nothing but resistance is counseled. And the virtue of resistance ia invariably predicated on the position of the Democratic party in the canvass. Hence springs the feeling, that the party must be kept up to the mark by its Southern members. They scent bad faith in the dis tance, and mean to prevent it if possible. With this view they maintain a running fire npon those of the Northern leaders and jour nalists who handle tenderly the contingency to which Blair has distinctly pointed. The Charleston Mercury has nothing but contempt for its "weak-kneed" friends at the North. It refers to the recent strictures of the Time on the equivocation of the World and its friends or, as the Mercury puts it, "on cer tain individuals aud presses that call them selves Democratic," aud declares those strio tures "perfectly true." Our Charleston con temporary proceeds: "The plBifoun of the Dernocrallo party Is square upon the letter of (ju-mral Biatr, aud beneral 11. air's letter ia tha legitimate aud spinal expounditiK of ihe platform. It, will (wall lit'le to deny H, North, H iutb, Kxat. or West. Ai.y palliation ot the fact is n perversion of the fuel. It u more ltli ill fultli to tlm body of the Convention find It Is nn attempted decep tion ol the voters at the polls. The Rioh'uond AVumiiKr Is cot reel when 11 any 8 that those who attempt, to lead the LXMaocratto party. If tliay Intend to abandon Us platform 'urtlijut as wel I Bbaudon tbe Held, for they are whipped already.' "Xbe Timet la right wht-n it says 'the platform assalle the (so-called) Meconslrucllou acta an usurpations, and unconstitutional, revolution ary, wud void,' and Ucueral Bialr does no more. And we ko further with the lime. If there Is 'odium which In heaped upou (jeueral Blair,' It does 'iiltat h to the Cunvtui lou.' "We ro further with the Timet: 'The Southern wln ol the party 1h In earnest,,' and we are bo much In earnest that we Intend to carry most ot the Southern mates lor the Democratic party." That there may be no mistake as to whither the earnestness of the Southern wing teads, or the import attached to the propo sition of the platform regarding reconstruu tion, the same journal resumes its exposi tion of Democratic doctrine and duty in this strain: "The mongrel meeting In Columbia, called a Legislature, had btiur aujouin and adjourn fcpttdily. They need not trouble themselves lo make lawn, f r they will not be enforced. Tuey need not elect ofllci rs to rule the sHule, for they will perform no duties. They are, as Mr. But ler Kays of C'ongreHM, Hiiuply 'losing lime' In me coEbiieiullf n of legislative measures. There fore, like CongrtkM, they had better disperse. Their doom is sealed. Their power (with tue United Htates army) is gone. Congressional reconBt ruction, as we anticipated from the 111 st that it would be, la a failure. To go on further with It will only Involve danger aud In crease exacerbation. Being nucooBiltutloa!, all who attempt to enforce It, or to exercise power by Its authority, are simply trespassers. A trespasser can be sued In an action for tiamages. A trexpaster may be juttijivbly kilted. With the President of the United Htates, with tbe army of the United States, support! uk the white population lii treating the Kecoustruc- iiou laws as unconstitutional ana void, wuai eau their agents or Instruments be praolioaliy but trespassers ? If they use violence, what are mey nut traitors?" We might fill columns daily with extracts from the journalism and oratory of the south, as significant in their menaces as these passages from the Mercury. The whole Demooratio party in the South is, in faot, so impregnated with disloyalty, so implacable in its hostility to reconstruction, and so resolved to rule or ruin the Northern managers in the campaign, that it cannot fail to produce embarrassment, and ultimately dissension, among the sup porters of Seymour. now long the northern uemoeraoy will submit to be dragooned by its friends in the South, is a problem yet to be solved. We know, however, that "dough faces" guided it before the war, and according to present indications they are still in the ascendant. lheir efforts at paoification only make mat ters worse. The Richmond H'htq returns to the war talk of the World with the remark that "we have been cheated so often that we become accustomed to it," and sneers of this sort are oommou. Being in earnest, Southern Kebeldom does not intend to be fooled. It requires Northern Copperheadism to shoulder its rilie or to come down from the platform; and whether the one thing or the other be decided on, the trouble in the family is not near the end. Tho revolutionary MagoTho Factions and the People. From the AT. Y. ileruid. Hard as it is to make war, it is harder to make peace; and the difficulties that confront a nation when it is oalled upon to assert its honor or defend its life, to raise money, orga nize armies and find generals, are insignificant by comparison with those it finds in its way when it tries to settle conditions for restoring the proper balance of society. This is the ex perience of all ages. See how grandly Greeoe made war and pushed her successes in it till the most gigantio contemporary realm was be neath her feet; and before she could make peaoe she was beneath the feet of others. Borne had the same history, for the leaders of faction always endeavored to make peace in accordance with their own extreme views, and this made every peace the cause of a new war, till Home fell exhausted. But little of the honor that is in every chapter of the French revolution is due to the accomplishment of the legitimate objects of that great struggle; for the monarchy was cast down, the foundation of the republio laid, and its united enemiea beaten without appalling excesses; but these resulted from the effort to make peaoe, the attempt to reorganize sooiety always in ac cordance with the political views of this or that faction. In the history of the great rebel lion in England we see the same faot. The nation put down a tyrant with comparative ease; bnt the trouble came when the question arose which of the factions should control in the new system. In all these revolutionary crises the real danger to a people and a gov ernment begins after the people and the gov ernment Lave secured their real triumph; for then comes the hour of faction and the struggle in which the popular perception of right and wrong ia confused and lost in a vile scramble for power and . office between sellisu pre tenders. . . And this is our danger now. Wo stand be tween the factions. On one hand we have the radicals, guilty of every crime that oan stain the history of a party; guilty of the meanest chicanery in calling the national victory theirs, and perverting it to their party purposes; guilty of outraging humanity itself in the dis organization of Southern society, and of the most diabolical hypocrisy in pretending that their use of tbe negro is for the saKe of equal rights; guilty of indescribable dishonesty in violating that great pledge of the nation that the war was not waged against the integrity of the States, and was only to seoure the Union. Such is one faction a party whose morality, moderation and purpose are fitly typified by such exemplars as Butler, Stevens, and Sumner. It would be a stolid, servile and broken down people among whom a party in such hands would not awaicen reaction. Reaction, therefore, is earnest, and the people repudiate the pretense of these lenders to settle the future peace of the nation in accordance with the extreme views their diseased intellects take of our position. Bat whither will the reaction carry us f Into the hands of a faction equally to be feared; into the bands of the Democrats, who promise by authority to reopen the questions that began ihe war to unsettle what was settled by the carnage of four years to revive the spirit that put the seotions of the country face to face in battle. If the Democrats oome into power animated by such a purpose, we have nothing before us but a perspective of destruc tive contests, in which one or the other politi cal party, as it succeeds to power, will only use the name of the Government to gloss a reorganization whoBe real object will be po litical revenge. In view of this attitude and character of the respective factions, what can the people do f They must look personally at the candidates presented for their suffrages; and here the case has more promise. Seymour is nothing ex cept as he stands by his party. Graut is a great figure only as he stands alone. With Seymour in the Presidential chair, we must expect to see the country governed simply on such bogus Democratic principles as prevailed before the war, when Democracy merely meant servility to the Southern element. And if Seymour were pushed aside to make room for the more aggressive Blair, we should see the Government taken to pieces aud put together agaiu in a sense favorable to the men who led Southern armies against it for four succes sive years. On that hand, therefore, we can hope for nothing from the candidates bat what we fear from their party. (Jn the other hand, Giant aud the party that was compelled to nominate him stand wide apart. Graut is unmistakably committed by his acts and his words against every distinguishing principle of that party. His first instinct was to treat the conquered 0 generously, and the whole history of the radicals is a revolt against that manly impulse. In this one fact we see the intellectual difference between the man and his party, and they are equally different in all other ways. Under Grant we may hope to see the country governed uprightly and vigor ously, and the factions crushed, out; and we believe it is, therefore, for the people to sus tain Grant, trusting mat m. ration tha uses his name may not be able to cripple his ad ministration. Mr. Stevens' Last Card. From the N. Y. Tribune. If we could feel sure that Mr. Thadieus Stevens' last letter on the bond-paying ques tion was merely intended to cover his retreat from an untenable position, as Lee assaulted Grant's lines before Petersburg preparatory to evacuating that city, we should let it pass without comment. But Mr. Steveus has done his country great harm by undermining her credit for integrity and fair dealing at a mo ment when it was of the highest consequence that these should be undoubted; and his new manifesto evinces a resolve to maintain a show of consistency at whatever cost to the public; so we are constrained to scrutinize its positions. 1. Mr. Stevens asserts that "the gold ques tion is settled." How settled f Pendleton and the Copperheads, backed by the Rebels, declare the Five-twenty bonds payable in geeenbacks; whereupon they propose to print off greenbacks enough to pay them off forth with, and stop the interest on the debt. As we understand Pendleton's Grafton speech, he is no more willing to pay four than six per cent, interest. Four per cent, on the debt, he argues, will call for $100,000,000 a year $4,000,000,000 in forty years. Why not rather print off the greenbacks, cancel the bonds at once, and have no interest to pay f Mr. Ste vens does not take this position; but he main tains premises that justify those who do hold it. He thus makes himself an ally an im portant and most useful ally of the repudia- tors, without having the excuse of hating the debt because it represents indispensable assist ance rendered to the Union in putting down the Rebellion. He is triumphantly and effectively quoted by those who would much rather hang the bondholders than pay them, and is to-day of signal use to them in per suading Democrats who are not conscious, unblushing villains to vote for Seymour and Blair. 11. Mr. Stevens pronounces the style of dis cussion used by some of us "unbecoming" and "vulgar." So the culprit at the bar, lis tening to the hot and heavy denunciation of his crimes in parsing sentence, felt con- straintd to interrupt him with "Sir, 1 beg leave to remind you that your remarks are personal, ungentlemauly aud offensive. I do not choose to listen to such language, and will thank you to change the subject." Mr. Stevens, the queation at issue is one of honesty against rascality. For months aud years, we exhausted argument and entreaty in persuading all who could to take those bonds, knowing well that the war must break down and the Rebellion triumph whenever people stopped taking them at the rate of millions per day. We assured them that they would all be paid in gold or its equivalent at maturity. You authorized us to and Means Committee, and three successive Secretaries of the Treasury, itere are the words used by you iu nrging the passage of the Legal-tender act, wheu the bill made each greenback fundable in the five-twenty loan: A dollar in a mlsor's safe, unproductive, U sore disturbance. Wncre could lie Invest it'.' lu United Ktutes loaus at six per rent,, redeem able iu told at twenty veaiH the bett and mnsl valuable permanent Investment that could he aesireu. Again: "But widows and orphans are Interested, and iu i tar lesi incir estaiea auuuiu un unuiy iu vested. I Pity do one who has bis money In vested In United Slates bonds, payable in gold in twenty years, with interest semi-annuauy.- Agaiu: "Let me restate the various prr-jnet. Onrs propones United States notes secured, at the end ol twenty years, to be paid In coin, and the interest raised bv taxation nenil aiinuully such notes to be money, and of uniform value turouguout tue union," Again: 'Here, then, lies your choice. Throw bonds at six or nevea per cent, on the market between this and December, enough U raise at leant 18 0.(00,000 or lMue United Htaten not8, not redeemable In coin, but fundable In imele-paying bonds at twenty years." These, Mr. Stevens, are your words. Yon catinot deny them. They prove beyond cavil that you understood the matter as Secretary ihase did, and as every one else did. - We be lieved you aud followed your lead. "Leeal- tender" paper was a hard dose to swallow- very bard but our soldiers must be fed and paid, arms and munitions must be bought or made, and the Rebellion at any sacritloa put down. You devised and enacted the financial measures; we begged every patriot to sell whatever he could spare and invest the proceeds in Government bonds. We assured every one that these Ifjnds were payable and would be paid at maturity in coin, jfou au thorized us to do so. We did not mean to swindle them; did youf Mr. Stevens, this is a very crave matter. The bread of widows and orphans is at stake. v e wish there were polite phrases that would suffice for its thorough discussion, but there are not. Nor can we pass it in silence. Those who at our solicitation lent their fortunes to sustain our Government in its dire extremity have a right to our best efforts to save them from spoliation, aud shall have them. 111. ion state that the new funding bill provides tor redeeming the Five-twenties by an infue of bonds at lower rates of interest. Certainly; did we not all expect to do pre cisely this ? Were not the six per cent, bonds made payable at the pleasure of the Govern ment alter five and within twenty years ex pressly that this might be done f Our Gov ernment borrowed in 1814 at twelve per cent. getting nirety to ninety-five dollars in de preciated paper for every $100 of its bonds, which it nevertheless redeemed at par in com. Did it go on borrowing at such rates after the war with Great Britain was ended r Of course not. Great Britain has for fifty years been steadily paying off loans at higher rates with the proceeds ot new loans at lower, until her entire debt is now consolidated, and her "Con sols" draw but three per cent, interest. There is no difficulty and no hardship in this. All we need is suoh a credit with moneyed men that they will be glad to loan us money at four per cent.: then we say to holders of "five-twen ties" over five years old, "Take the new bonds at four per cent., or we will pay you off." Of course, if our four per cents, are the least fraction above par, they will all take these rather than the money, and the conversion is effected. No one can complain, for no one has been wronged. It was part of the bargain that we might pay off these Five-twenties after they had run five years; and we ought ere this to have converted mauy millions of them, reducing the interest one-third. It is the threat of repudiation that now renders this process impracticable. IFe conld borrow at lour per cent, as well as Great Britain, if there were no fear that we would cheat the lend ers. We are paying the penalty of a bad re putation, which you, Mr. Stevens, have aided to give ue. IV. You say, If the Jive-twenties had been payable in gold, there would have been no reason for specifying that our new consols are thus payable. But you, Mr. Stevens, are a lawj er and legislator, and ought to know that laws are being altered and amended every day to meet and baffle the ingenuity of rascals, who are perpetually scheming to evade, to circumvent, to nullify them. When they have picked a flaw in one, whereby they are enabled to cheat with impunity, we pass "an set to amend an act entitled an act," so as to head them off on that tack and compel them to try another. That is what we shall do in authorizing the new consols. V. The bondholder may or may not choose to take one of our new Consols when we get ready to offer it. If he does not, some one else will, provided those Consols are above par; and we will use the proceeds to redeem and cancel the Five-twenties whose owners will not take the new bonds. Thus giving every one his righteous due, who will have the right to complain r VI. Finally, Mr. Stevens, be entreated to ponder well this noble plank in the Chicago platform, whereon Grant and Colfax are bbout to be elected: "That tbe best policy to diminish our bur den of debt is to so improve our credit that capitalists will seek to loan ns money at lower rales of Interest than we now pay, and must continue to pay bo long as repudiation, partial or total, open or covert, Is threatened or eutpected." The North tJerman Navy. From the JY. Y. World. The North German Parliament, at the olose of its recent session, gave to the King of Prussia a nice little douceur of $25,000,000 for "military purposes," with the understanding, however, that it was to be used iu the creation of an increase to the naval force of the North German Confederation. Germany fears no foes that may assail her on land, but her extensive mercantile marine, in the event of a war, would be almost wholly without protection. Before the money was voted, General Moltke, with that commend able frankness which has of late charac terized the actions of the German Cab inet, and which is in such striking contrast with the elaborate reticence ana mystery preserved by the Emperor of the French and his ministers in regard to all of their purposes, explained that the Parliament must not expect to receive any immediate or substantial return for this investment. The greater part of the money, he said, would be spent in necessary but very costly experi ments. The Government was determined not to "go it blind," after the fashion of England, and epend millions of dollars in building a navy which, when completed, might be found so far behind that of other nations as to be practically useless, with ships that could not open their ports in a sea way, and that could neither be sailed under canvass nor carry coal enough to make a six days' voyage. The Geimun Government would avoid committiug any such blunders as these, and would expe riment until it deoided what sort of ships it could build that would fulfill the purpose of a navy, aud then, if more money wad forthcom ing, the navy would be formed. General Moltke did not attempt to disguise the faot that this way of doing business was a costly one, and that it was not a pleasant outlook for tax-layers. But if North Germany wished to have an effective navy, this was the way to secure it. He had no faith in the idea that the balance of power could ever be adjusted in Europe without at least one more war, and as Providenoe had laid upon Germany the duty ot becoming the peace-maker of Europe, she must prepare her self for the task before her. One of two things must occur the ascendency of Germany in Europe must be secured aud sealed by her victory in a great war, or she must make her self i o strong that no other power will dare to question her deoisions as arbiter of European affairs, bo that, whether peaoe is to be attained through war or maintained by the fear of war, Germany is called upon to build herself up into a military power of overshadowing great ness. Nothing could be more charming than the naimt with which General Moltke avowed these purposes of the Government. Nothing is done in North Germany at present without ppeculation as to the effect which it will have upon South Germany, and the unification of the entire German nation. When this 218 & 220 S. FRONT ST. 4 OFFER TO TUB TRADE, IN LOTS, FINE RYE AND BOURBON WHISKIES, H BOM) Of 1805, 1800, lOT and 1808,. AIS0, FliEE FINE LIE AND B0U1B0N WHISKIES, J Of GREAT AGE, ranging from ieG4 to Liberal contracts will be entered Into for lots, in bond at Distillery, of this yearn' mnuafrtotn -n ,; union occurs, Germany will at once assume her destined position as the t guardian of Europe. But, while every day j brings indications of the faot that Southern j Germany is more and more attracted towards the union, it would be the worst of errors to ' coerce her in any manner. The weddiug, to be a happy one, must be a wholly voluntary engagement, with love, and not fear, as its controlling motive. Therefore, in this little matter of the navy, uenerai AioitKe repeated i what King William and Count Bismark have ; so often before said, that they do not desire the union in order that they may have a great army and navy, but they want a great army and navy iu order that they may have the union. When the North becomes so strong that the South sees that her safety can best be secured by becoming a portion of the strongest power on the continent, she will no longer hesitate as to what she ought to do. At present the South ern States are wooed alike by Prussia aul France; or, more correotly, they are in the po sition of an heiress who is Bought in marriage by a gallant young knight, but who is warned by a powerful and surly neighbor that If she mar lies he will thrash her husband and carry her to his own harem. The young lady's in clinations lead her towards matrimony, her fears prompt her to refrain from pronouncing the possibly fatal vows. Meanwhile the lover grows in strength and arms himself. When the maiden is convinced that he is able to pro tect her, ehe will say "yes;" but meanwhile she is not to be hurried, but continues to amuse herself by coquetting with her suitor, and saying pleasant things to her dangerous neighbor. While this game lasts, it is idle to expect that either France or Prussia will even con template anything like a disarmament, or will cease to spend all the money they can raise in adding to their military and naval strength. There must come a time when the limit to which this Bort of thing can be carried will be reached. One would imagine that it had al ready been reached in France. The odds in tbe game are in favor ef Prussia and it is to be hoped that should the decision finally be on her Bide, she will be as pacific in practice as she now is in profession. It is very de sirable that Germany should be united but it will not be well should she, when united, aspire to dictate to all the rest of Europe. Her piesent ambition, she declares, is simply to be so strong that she may prevent all the other European nations from quarrelling with aoh other. That is very laudable, but in exer cising this authority over her neighbors, she might be so dictatorial as to meddle with affairs that do not belong to her, in which event there would be sure to be trouble. ENUINES, MACHINERY, ETC. jyr e E li i c K & SONS' BOUTHWAKK FOUNDRY, No. 480 WASHINGTON AVENTJB, Philadelphia. WILLIAM WRIGHT'S PATiJJT VARIABLE , CUT OF 8TEAM-ENQLNJB, Regulated by the Governor. MFJIRICK'S SAFETY HOISTING MACHINE, Patented June, 1S68. D.VID JOY'S PATENT VALVE LESS STEAM HAMMER. D. M. WESTON'S PATINT 6ELF-UEKTEKING, BELF -BALANCING CENTRIFUGAL SUGAR-DRAINING MACHINE AND HYDRO EXTRACTOR, For Cotton or Woollen flauufcturers. 7 lOmwf ly yt PRNN KTKAM TCNiJIVP! IVn BOiLkR WOitKa. NEAFIK k I.KW . . i H A T A Kill nVU tPl U L'rniri A W li k.f it T .T t.m w-k.r.' MACHINIST, BOILEK-MAKKKS, BLACK.. bAUTHb, and FOL'NDKRS, having lor many yean beeu In aucctsearul opeiatlOD, anif been vxcltulvel ngaged In building nd repairing Marine aud Hlvei Engines, tilth and low-pressure, Iron Boilers, Watei Tanks, Propellers, etc. etc, respectfully otfer tneli services to the public as being fully prepared to con tract for engines of all sites, Marine, Klver, ana btutiouary; having sea of patterns of different Use are prepared to execute orders with quick despatch Every description of pattern-making made t the shortest notice. High aud Low-presnare Fine Tubular and Cylinder Boilers, ol the best Pennsylva nia charcoal lrou. Forglngs of ail size and kluds Iron and Brass Castings of all descriptions. Roll Turning. Screw CnuiDg.and allelherworkoonnected with the above business. Drawings and speclhcatlona for all work done at tLe establishment free ol charge, and work guaran teed. Tbe subscribers have ample wharf-dock room fo repairs of boats, where they can lie In perfect safety aud are provided will) shears, blocks, fells, eto. eta for rauliig heavy or.llght weights. JACOB C. NEAFIJL JOHN P. LEW. 8 1 BEACH and PALMER BtrecU. f, VAC9HN MKBBICK, WIXUAM H. MKJUtlOX JOHN X. COPB. SOTJTHWAKK FUUNDItr. FIFTH AND WASHINGTON Street. ' ABiu PHILADELPHIA, m MERRICK Sc SONS. fENGINEEKS AND MACHINISTS, ruannfacture High and Low Prensure Steam Engines lor Land, River, and Marine Service. Boilers, Gasometers, Tanks, Iron Boats, eto. Castings vt all kinds, either Iron or brass. Iron Frame Rooft for Gaa Work, Workshops and Railroad blatloaa. eto. Retorts and Gas Machinery, ot the latest and moal Improved construction. Every description of Plantation Machinery, also (Sugar, Saw, aud Grist Mills. Vacuum Pans, OU steam Trains, Defecators, Filters, Pumping, Kn glnefl, etc. Sole Agents for N. Blllenx's Patent guitar Botllng Appnratus, Nesmyth's Patent steam Hammer, and Asplnwall fc Wooluey'a Patent Centrifugal sugar Lmlnliig Machines. W ' GAS FIXTURES. JOHN J. Vt SAVIB. J. SELLKR8 PENNOCK. WEAVER & PENNOOK, PLUMBER9, OAS AND STEAM FITTERS, No. 37 NORTH SEVENTH STREET, Pnlladelphla. CooDtry Beats fitted up with Gaa and Water, in first class style. An assortment ot Brass and Iron 1.1ft and Force Pumps constantly on hand LEAD BURNING AND CHEMICAL PLUMBING. N. B. Wa er Wheels supplied to the trade and Others at reasonable prlcf . 7 si ltu GAS FIXTURES. MlbKKY, MERRILL A THACKARA. No. 710 CHEMNCT Street, manufacturers of Gas Fixtures, Lumps, etc., eto,, would call the attention of the public to their large an eiegsut asHortmeut ot Gaa Chandeliers, Pendants, brackets, eto, They also Introduce gaa-plpe Into awttuiugg uu puunu DuiiGiifc;a, nu atieaa K) exMna- Ing, altering, and repairing ga-plpea, All ' i work warranted. Ult QEORCE PLOW MAN. CARPENTER AND BUILDUP, REMOVED To Ho. 134 DOCK Street, PHILADELPHIA. 218 & 220 S. FRONT ST. Sr C O pHAMPAC.Nf.-lN INVOICE OF "l'LAfll Dore ' Cbaiupttgiie, iniiiorlci ami lor dale by J AM KM UAKHTAJKH, JK., 128 WALNUT ud Jt HJtANITp'strAj. c II AMPAONE. AN INVOICE OF "GOLD i.ac" t;nai. ragne, impnuwi ana fomiriy . JAM ION CA RSTA 1 14M. JR., 12 WALNUT and 21 GRANITE Street, CIIAJirAGNE. AN INVOICE OP "GLC rla" Champagne. Imported and fur sale by JAM K8 CA F.ST A t v. jp 11 1 12 WALNUT and 2i GRANITE Strait. CARPTA1KS' OLIVE OIL.-AN INVOIC3 ol the above, for sale by 'uiCJ ... . 3A MKH CAR8TATRS. JR.. 126 WALN UT aud 81 GRANITE Strt, WATCHES, JEWELRY, ETC. T-TAVIKQ PURCHASED (TUB INTEREST or inojui wbiogims, fjsi. My late partner in tbe firm of WRIGGIN8 A WAK DEN, I am now prepared to offer A NEW AND VARIED STOCK OF WATCHES AND JEWELSIY, AT THE OLD STAND, S.E. COBNEK FIFTH AND CIIESNUT WTS.' And respectfully request a continuance of the pa tn nage bo long and liberally bnetowwd npon the lnti &mA.?rt1cu"4r attention given to the repairing ol WATCHES AND JEWELRY. " m A. It. WARDEN, Philadelphia, March 16, 1868. 6 s wfmliza JEWELRY! JEWELRY! S. E. Comer Tenth aud Chesnnt. NEW STORE. NEW GOODS. WRICGINS & CO., (Formerly WrfgRlns & Warden, Fifth and ChMtintl Invl.e attention lo their New Jewelry btore. 8. E. cor. ner 'i KM H and CUKtiN UT Streeis. We are now prernrcd. with our Extensive Stock, to offer GREAT INDUCEMENTS to buyers, WATCHES ot the most celebrated makers, JEW ELRY, ana SILVER WARE, always the latest do slfDS and best qualities, Gcods especially tlenlgned for BRIDAL PRESENTS. Particular attpnllnn given to the Repairing of WATCHES AND JEWELRV, (6 1 mwf witiaaiNs & oo.t 8. E. Corner Tcnlk and Cbesnut Strrcta. -EWIS LADOMUS 4 Co; 'DIAMOND DEALERS & JEWELERS.! WATCHES, JKft BLIttr SILVKK WAItK. . WAT0HE3 and JEWELRY REPAIRED, J02 Chestnut St., Phila- Would invite particular Attention to their large aud elcgaut assortment of LADIES' AND GENTS' WATCHES of meIran and Foreign Makers of thejflmst quality, in t.old and Hiver Catns. tlmln"11 y 0t lnlePe,ldent Second, for horss Ladlt'and Gents' CHAINS of latest styles. Ia 14 ft&u 18 ktj BTTTON AND EYELET ST CDS In great variety newest patterns. SOLID SILVERWARE for Bridal presents; Piated-ware. eto. n pairing dona in the best manner, and war ranted. 5 ,4p Wo keep always on hand an assortment of "1 LADIES' AND GENTS' "FINE WATCHES" Of the beat American and Foreign Makers, all war ranted to give complete satisfaction, and at GREATLY REDUCED PRICES. FARR ti BROTHER, Importers ot Watches, Jewelry, Moalcal Boxes, eta., U Usjutbjrp No. J24CHE3NUT St., below Fourth. Especial attention given to repairing Watchea and Musical Boxes by FIRST-CLASS workmen. SPECIAL NOTICE. UJiTlL SEPTEMBER 1, 18G8, I WILL CLOSE DAILY AT 5 P. M. . W. RUSSELL, Importer and Dealer tn French Clocks, Watches Fine Jewelry, and Silver Ware. Ko. 22 Korlli SIXTH Street, 5 26 PHILADELPHIA. INSTRUCTION. gTETEHBD ALB INSTITUTE. BOAADING SCHOOL FOB YOUNG LADIES, rorms Board, Tuition, etc. per scholastic year,S00 NO EXTRAS, Circulars at Messrs, Fairbanks A Swing's, No. 711 CHE8NTJT Street; also at Messrs. T. B. Peterson A Brothers', No. 806 CHESNCT Street, Address, personally or by note, N FOSTER BROWNS, Principal, lfJLUmU Sonth Am boy. N. J. FURNISHING GOODS, SHiRTS.AQ H. 8. K. C. Harris' Seamless Kid Gloves. F.VEBT PAIR WARRANTED. EXCLUSIVE AGENTS FOR GENTS' GLOVE3. J. W. SCOTT A CO., Brjrp NO. M CUES MUX WTltKBT. PATENT 8 II O U L D B li-S E A M BIIIHT JIANTFil'TORr, AND GENTLEMEN'S FURNISQINd BTOEB. PERFECT FITTING SHIRTS A WD DRAWERS made troin mrakiireaieut a very short notice. All other articles ot OkI 1'LEME-N ei DREa Gcoiblu full variety WINCHESTER & CO., Jill No. TusCH EHA U T rttr!et. COAL. BMIDPLETON A CO., DEALIKS 15 . HA HLi.It.il LBUJOH and HAULM VKUM COAL. Kept di imilur cover. Prt-prt-d exprenuly ir xamiiy ose, un, rso. r.i'H wauimuijji venue, Oiiloe No. 61 W AX.NUT 8'rwt. li j FINE WATCHES. j