2 THE DAIL.T KVENINQ TELEGRATH PHILADELPHIA, TUESDAY, JANUARY 2C, 18C9. SPIRIT OF THE PRESS. Editorial orations or rat leading journals PrOB CCRB1NT TOPICS COMPILED BTB8T SAT FOB TBI XTKNIKO TBLBQRAPH. The New Republic of the Occident. From the N. Y. Herald. Advloes from the raciflo coast inform ns that a plan is on foot to Bilit off a large splice from Northwestern Mexico and ereot a new Republio of the Occident. The eoheme in cludes the riah mineral districts of Bonora and Binaloa, and ia no doubt fomented by enter prising spirits from our side of the border, with disaffected ones in Mexico, both of which elements abound in the heterogeneous popu lation now laying vast foundations of empire on the American borders of the Pacific Ocean. Snob, a scheme is assisted by the condition of affairs within the republio of Mexice itself. - That Government, although counting a period of existence of barely fifty years, is worn ont and confessedly incompetent to per form the dnties for which governments are instituted among men. l'eace has lied the land, exoept it be in some mountain fastness, Where a bold Indian like Alvarez, in Guerrero, or Lozada, in Tepio, delios the Governuieut Within his territory. Industry and trade have dwindled until they are the mere shadows of those of former days; public revenue has be come the legitimate prey of every local ruler, and the bonds of society are so completely dissolved that human life and individual liberty are safe only in the large citie3, or within the vale of poverty and individual obscurity. To-day we behold the degrading epectacle of a national government sitting in the balls of the Montezumas, fulminating worthless paper decrees against the robbers and kidnappers who prowl securely on every road within the republic. We are not disposed to lay upon the pre sent rulers of Mexico the whole blame for this state of things, nor do we look to them for the cure of evils whioh are not entirely of their creation. They are but simple indivi duals in a sooial.and political organization which obeys laws called into existence with the birth of the government, and these must work out their full mission, livery nation at Us inception receives an impulse which may be called the law of its political existence. When the thirteen colonies rebelled against the British crown they wera separate political organizations, conflicting and often at war With each other. The first impulse was to wards anion and centralization, by the calling of a general congress. From this came the confederation for the war; out of this the greater centralization of the Constitution of 1787, and from that we have gone on central izing our politioal forms to the present day, When we witness its thus far greatest but not ultimate degree of centralization. In this we but obey the impulse received at the birth of our political forms. So it was with Mexico, only ber impulse was In an opposite direction. When New Spain rebelled against the Spanish crown it was a centralized viceroyalty, divided into departments merely for the convenience of fiscal administration. The political impulse which attended the birth of the Mexican nation was one of decentralization. The departments were erected into sovereign States. Govern ment there has followed the line of this im pulse until for years past its decrees have teen powerless be job! a radius of thirty leaeues from the capital, and not obeyed unless they coincided with the personal interest of local rulers. As with us society has prospered With the growing strength of government to protect, so in Mexico has it dwindled with the decay of the protecting power. The entire political being of Mexico is dry -rotted with the law of its existence. It can look for regenera tion only in the breaking up of its present forms and the establishment of new ones upon other principles, of which the proposed new Kepublio of the Occident is an example. Within Mexico itself there are now at work the germs of other similar movements, and the end of all these will be one. Each in turn will be attracted to our stronger political sys tem, as Texas was, until all revolve in the harmony of the Union. Some three years ago, in this city, at the old Union League Club House, General Grant, in a crisp little speech, referred to our sister republio as a proper subject for aotive inter vention. From that passing remark we were satisfied that the General, who goes for thorough work, did not admire the dilly-dallying and temporizing policy of Mr. Seward towards Loni3 Napoleon. Nor do we suppose that the General is altogether satisfied with the suooess of the Seoretary of State in get ting rid of the Franco-Austrian imperial usur pation by persistent soolding. Nor is it likely that the do-nothing programme upon which General Roseorans, our new Minister to the Juarez Government, seems to be acting will ha followed under Grant's administration. We expect something better and more com- prenensive ana decisive irom vuo praouum mind of our great soldier. We dare say that Grant has not forgotten (for he was there at the time) the great mistake made by General Scott, when in occupation of the Mexioan capital, in refusing to accept the government of the renubllo as a free gift, and with a splendid salary, as the Captain-General, in the name Ot tlie uniieu amies. e auuciiau3 iu dome nraotioal shape the revival under Presi dent Grant of tte grand idea involved in that offr to General Soott, aui within the next four vflars. in all probability, as a territorial delegate to begin with, we Bhall have a man in UOngreSB iroux eacu. ui iuo iuoiioau .-naves. Sooner or later this substantially will be the solution of the Mexican cjuestion, and General Grant is the proper man so to settle it. Senator Hamlin as Ylcorresldcnt. VS-rmt the N. Y. Timet. There is a ieeliDg of general satisfaction at Wf iTanilin'a rut urn to the llnitrtd Sluts Senate, due to the public appreciation of his own merits and not all to any dissatisfaction nitli Mr Mnrrill nhnm hit RnnnMi1a. Ki. pressiens of this feeling are almost always with nftrtiTilafnta ftt tlia tviiiiaHoa done him by the Republican Convention of lb G4, in not renominating in in witn air. Iain coin for a second term. But this is scarcely imt fnr ha fail oil of a rtmouiination. not at all JU0V, V w - - - ' 1 because of any distrust or complaint of his Cluulal Ctiaraoier, uut ueuus5 it uaa vuvaguv Important by tboee who directed and controlled the Convention, that some prominent Union Demoorat from the South SftOUMl gO OU UV tll'n.OU AMI. JJIUUU1U then, on the eve of peace, just as Mr. llamlin, - in.Ti T'nion Democrat from the North. bad been run with him in 1600, on the eve of war. When Mr. Lincoln was first nominated t .m a... Mr. KAWftnl and either Senator Morgan. Treston King, or any other prominent new xorKer coma uv Mvm....v fnr v.-Prafdncv then but for their peremptory refusal to aooept it. Bat the New Vork delegation, to whom the selection was conoed4 by common consent, named Mr. M ueuause ne naa ueeu xouuu t0.A f.Kfcn8M crisis, and had refused to go With Lis prty 0n tLftt qaeBtl0n. inn Vwrid2utt Mr. Hamlin bad little opportunity to take a active part ia the questions that arose during his official term I and, of course, at its close had no stronger I bold on the country or his party than at its beginning. In the Convention of 18G4, there- lore, wniie it was conceded mat Mr. liuooiu a nomination was essential to the cause of the Union, as an indication of the settled purpose of the people to preserve it, no such import ance was attached to the renomination of Mr. Hamlin. Every one would have been oon tented with it, but no one saw any speaial reason for desiring it, and his name was beard only casually in the canvass. The feeling Was very strong that the Vice-President should be a Union .roan from the Southern B't; that the nomination of such a man would be a Just reward for fidelity to the Union mn under great difficulties, and would facilitate the restoration of the Union upon the down fall of the Rebellion. Mr. Johnson was the most prominent of this class, though there was a strong feeling iu favor of Mr. Ilolt. There were some wuo Biruufc-iy oi"' denounced the nomination of any Southern man Mr. Thaddens Stevens being at their head' and their candidate was 1. S. Dickin son of this State. The question again, as in lbUO, turned mainly on the decision of the New York delegation the issue with them beiiig directly between Johnson and Dickinson, and being finally decided in Johnson's favor by only two majority. When this vote was thns given in convention, Pennsylvania, which bad voted for Hamlin, changed and went with New York, aud this virtually settle! the question. Mr. Stevens denounoed the choice of the Convention, declaring that no Southern man had any right to a place in the Government, or could be trusted in it; but even be neither hinted nor probably felt any special doubt of Mr. Johnson's fidelity to the Union canse, or to the party whioh had put him in nomination, lie probably had towards him very much the same feeling he Lai towards Mr. Lincoln. Mr. Hamlin resumes the place he held in the Senate when he was made Vice-President, lie commanded general respect for his ability and integrity, and after he joined the Re publican party was a staunch and effective supporter of its principles. He has taken very little part in public affairs during the last four years, and is quite free from the dis sensions, personal and political, which have grown up in that time. He has the full con fidence of the Republicans of his State, and will render good service in the position to which they have called him. (garter-Deck Privileges. From the iV. Y. Tribune. A surgeon in the navy is a human being. Moreover, the presumption is that he is an educated gentleman. We do not by any means assert that he is equal to a rear-admiral, or even, perhaps, to that perfection of promise, a midshipman; but then, when pain and an guish wring the brow, is he not a ministering angel, with his tourniquets, saws, scalpels, splints, probts, lancets, and, moreover, with the skill to use, for the saving of life or the alleviation of pain, all those ingenious implements? If a line officer should be grievously wounded, and should require in stant manipulation, would he consider it to be intrusive on the part of the surgeon to ru3h upon the quarter-deck to attend" to his case? On the contrary, would he not welcome the doctor with delight ? It seeni3, however, that the professional personage is not good enough for those sacred planks. One would that in many cases his company would be sought for tlie saKe or Ms conversation; that well-bred officers would be pleased to show him merited attention; and that a sentiment of gratitude would save him from insult and neglect. We whose fortune it is to live upon land,. make mucn oi our physicians when they bring ns uaini irom uuead, and a good chat wun a good doctor is otten round to be much more sanative than all his pills and powders; but seafaring, we suspect, is not promotive of the blander virtues. At any rate, tlie naval dootors have sent a com plaint to Congress that they "are not allowed the privileges of the quarter-deck and the cabin," and a proposition to remedy this evil is now pending in the House of Representa tives. We are ashamed to say that to the passage of this measure, which their own ill manners alone have rendered necessary, there is an organized opposition on the part of the line officers, who are signing and sending in petitions in support of their dignity. We have before Known commodores to ill-treat their chaplains, but we should have supposed that common prudence would have kept them from thus rashly offending those to whom their very lives may at any time ue committed. Tlie surgeon is not only an officer, but one of the most important officers in the ship's company; lor occasions may ai any time arise which will make him responsible in some degree for the lives of the men and the consequent safety oi me vessel, i nquesuonauiy ine result ot degrading the office must be to drive able medical men out of the navy. hue we are perfectly well aware that cer tain distinctions of rank are necessary for the discipline of the Bhip, we are quite unable to see how the good of the service is to ba pro moted by a rigid adherence to the rules of a puffed up and pompous etiquette. Iu the army, duiing the late war, there was always a reasonable degree of familiarity between the officers and the rank and file, afld we have never heard that the latter fought a morsel the worse for it. A good officer knows how to secure the respect and obedience of his men without snubbing them; and an admiral who is afraid of losing Lis dignity by en countering a surgeon on the quarter-deck must nave precious little dignity to l03e. At any rate, he will hardly help matters by treating with disrespect one to whom a ma jority of the crew are commanded to show a studied deference. If our publio ships were commanded by earls, with barons' pons for lieutenants, and baronets' sons for midshipmen, some might think it proper enough to remind the doctors of their low degree. But if we have Democ racy everywhere else, what reason is there why we should not have a little of it in our war ships ? It is easy even for a landsman to see that sometimes the word of an offioer must be imperative, and that it would never do to call a town meeting to consider the propriety of reefing topsails. So, too, if a surgeon is ordered to do something, be must obey, or dis obey at the peril of a court of inquiry. All this, however, has nothing to do with the social intercourse of a ship. An Admiral who thinks it discreditable to have a staff officer on his quarter-deck might send him to mess with the men, or might inaBthead him for making bis physio a little tco nasty. And it is simply because there is a natural tendency in mankind to abnse authority that we find some sea-captains treating their seamen like dogs, and running the risk of damages on getting ashore. In stead of falling into this fault, we believe that a considerate naval officer, since he is forced sometimes to be peremptory, will temper the austerities of his place by a judiuious cour tesy. A sensible man will know how to do this without in the least lessening the weight of his authority. We may be sure that if the great man be a boor in his manners, those under him in rank will follow his example, until the beardless middy will feel quite at lileity to euub the surgeon, uuless the gallant boy happens to have the belly-anhe. If any admiral of the rear, or other description, can prove to Congress that th presence of a surgeon on the quarter-dook endangers the ship, then we are in favor of a law forbidding the said surgeon to set foot tbereon, nnder penalty of being straightway knocked down. If line officers think that the service is not grand enough for them, with mere doctors admitted to the privileged place, perhaps it would be well to abolish the dootor altogether, and give np the crew to the medi oal meroies of the gunner and boatswain. But while the doctor stays in the ship at all, we insist that he should be treated like a gen tleman. Deterioration or the American Senate. fVom tt9 If. T. World. The new law regulating the eleotion of Sena tors brings so many of these elections together, that we form a readier estimate of the average fitness of the new members than when they were chosen one by one, aooording to the caprice of the State Legislatures. The general imprefasion produced by the eleotions last week ia hnmiliatingly unfavorable to the future character of the Senate. Most of the new Senators are men of mediocre talents and Btauding, and Boiue of them notoriously cor rupt iu their political morals. The oarpet-bag Senators recently admitted from the reooa structed States are of a still lower grade. This great influx of mean abilities and low morals into a body which has for many years lost its former reputation aud prestige, forbodes altar rations in the structure of our government. The Senate, as new constituted, is a great ab surdity, except in connection with Stato sove reignty and Slate importance. It is a gross injustice to New York, with its four millions of people, that it should have only the same weight in the senate as petty States whose population is barely sufficient to entitle them to a single representative in the other House. Its Inherent absurdity Is attested by the uni versal sense of the American people, who. in constituting their State Legislatures, have in no instance, irom hrst to last, organized a Senate on the same principle. In the State governments, the Senate districts, like the Assembly districts, are made equal to one another in point ot population, each Senator having a constituency of the same size as every other. The deviation from this equita ble rule in the Federal Senate was a conces sion to the sovereignty of the individual States. l;ut the sovereignty ot the States, although it remains true as a constitutional doctrine, has been practically abolished einoe the advent of the Republican party; and, if the large States are to lose the advantages of sovereignty, there is no reason why they should bear its disa bilities and burdens. In a practical view, there is no section of the country, nor any great interest, which is any longer benefited by the present constitu tion of the Senate. While slavery existed, aud was jealous of its security, the equal re presentation of the States in the Senate was of great practioal consequence. Up to 1850, new btates were admitted Into the Union In pairs, a new slave State always coming in at alout the same time as a new free State. The consequence was, that the South re mained equal to the North in the Senate long after the growth of Northern population made it inferior iu the House of Representatives. While this equality in the senate lasted Con gress could pass no law to which the slavehold itg States made a unanimous opposition. The equality was broken by the admission of Cali fornia as a free State, whioh gave the North a preponderance in both branches of Congress. Many sagacious men saw that, from that hour, slavery or the union was aopnied. The door was then finally shut against the admission of any more slave States; and the certain future multiplication of free States would in time make the latter numerous enough to amend the Constitution and throw down all the barriers by whioh slavery wa protected. It was the fear of this which precipitated the South into secession, in the vain hope of sav ing by arms what it seemed destined to lose by Northern preponderance in the Union. But the war swept slavery clean away, and there remains in this country no interest whioh derives any protection from the equal representasion of the States in the Federal Senate. This rule, at present, works nothing butinjustioe. It gives to the New England States twelve Senators to represent a smaller population than that of New York, which has only two; and the disproportion is still more glaring when the large States are oompared with some of the least populous. The original reasons for the rule have ceased, and nothing but its injustice remains. This injustice would be long borne without complaint, if the system oontinued to operate, as it did formerly, in giving us a Senate of able statesmen. Thirty years ago the Ameri can Senate wa3 perhaps the ablest legislative body, in proportion to its size, that the world has ever seen. It was only two-thirds as large aa it is at present, and among its mem bers were Daniel Webster, Henry Clay, John C. Calhoun, Silas Wright, James Buchanan, Thomas II. Benton, William C. Rives, Richard U. Bayard, William C. Preston, John Davis, John J. CritUnden, Hugh L. White, and a number of others scarcely less able and dis tinguished. Of late years the character of this body has been steadily degenerating. The reoent admission of the carpet-baggers and the low standing of most of the Senators just elected degrade the body to such a level that it can no longer command the respect of the coun try. The new aocessionB of medioority and venality must soon bring it into contempt; and the people of the large States will indig nantly inquire, why every just prinoiple of representation should be violated to bring to gether a body of legislators who are a dis credit to the country and whose long terms make them practically irresponsible. Auy sysUm which should give us a Senate of great ability, dignity, moral elevation, and legula tive experience would be strongly intrenched in the respect and aifections of the people, althongh they might be sensible of the in equality and injustice of the mode of choice; but they will be keenly alive to the defect? of tbe system, when they see it producing Bttch iruus as it is now auont to exhibit. Manhood Eights. from the Raleigh (N. O.) Htwdard. 'The common sobool-houRe. the centre ai'l power oi our educational nystem, the peopl i'h colic gen, Kbould be found everywhere In ojr inu,wiiu uoois wiueopen, inviting all to enlsr upon whom God has utamped the Hien aud i j'uiiucK, oj J'tunsytvunia. We have reproduced these words in our columns as giving expression to several thoughts that we suppose deserve the atteu tion of all those in our State who are interested in the work of popular eduoatlon. The con ception oi what our common schools should be, as it now holds in the publio mind, will determine their character and extent. The creations of men do not usually transcend their idea of what it should aooomolish. Our free publio schools will not serve any higher purpose than will be fashioned in their plan of organization. This will afford all the eduoatlon we mean formal eduoation that nine-tenths of the future citizens of our State will reoeive. They will be for them the oolleges of the State, and are properly named 4'the people's ool leges." This requires that very special at tention should be bestowed oa them bo as to make them as valuable to the people as pos sible, that they should be made to afford, as near as can be. all the training that is needed by a citizen of a free government, as fitness mr an the responsible positions imposed upon him; that his college training effec tively serve him in the vocation in whioh he serves his generation. It is. a question that invites a candid consideration, What amount or degree of education shall the State afford to her children f Does this Question now receive the attention it should from our legis lators, as iney are preparing to enaot the law that .provides for this eduoation f So much, in our view, of the future of the State depends on this eduoation that, in leaving out of view the personal benefit of individuals, bo aeepiy is ine state in her organlo life to be affected by it that, simply as patriots, there is overwhelming interest attaching to the work now in hand by the General Assembly. We ao noi now intend to crillol e the plan that has been prepared bv the Superintendent of Public Instruction, nor do we propose to speak oi any proDabie cnanges to be made npon it. What we are intent npon is, that the scheola shall fully realize the ideal of "oolleges for the people" in every community, accessible to every child of North Carolina. It is the State's bounty bestowed on them, and it should be worthy of the State, and realize the purpose of its bestowment. We shall not now indioate a curriculum for these publio schools, but only bsk mat sucn ue me course ot study pre scribed in them that it will serve to lit the pupils for life and its duties, as that life lies open before them under our free Government. 1 here are now incessant cries comintr nn to the ears of the General Assembly from an effete past from the lips of stolid prejudice from niggardly, selfish ignoranoe, aud even irom a press that saoriiicea all to the nngodly ends of partisan success, to deter from an advance step in the education of the masses of the people. Should not the eduoation that the State provides qualify its citizens not only to be intelligent electors, but also qua lify them to fill any aud all offices and places in the State acceptably and effi ciently T Shall those who are expected to serve the State be required to eduoate them selves for the work at their private cost ? Should not the State prepare all, that she may select from the whole number such as she may need? We maintain that the State should afford, in "the people s colleges," edu cation in such departments as are needed to qualify for aotive duty, in and for the State. Should not every citizen have a correct ac quaintance with the history of his State and the Union; with the institutions and laws of the same; with the principles of political economy; with knowledge of such arts and sciences as enter into the employ of the agri culturist ana tne meouanio r And should not an education, with a view to the business of life and its successful proseoution, be offered at least to the acceptance of all ? This it is for our eduoators to eonsider, and our Gene ral Assembly to give or refuse. Suoh studies we deem essential to be taught in the "peo ple's college." In addition ( o this education afforded, it is demanded in our day that it be unrestricted. In Governor Pollock's words, that the schools, or rather colleges of the State, "invite every one to enter npon whom God has stamped the sign and Eignet of manhood." We hail such utter ances from the Keystone State with emotions of pleasure. Even in that State of Pennsyl vania the prejudice of color has boen very extreme. When such representative men as Governor rollock, whom the people have de lighted to honor, rise above all contemptible opposition growing out of race, we hope speedily to see the schools of the State and the ballot-box accessible to every one who bears God's "sign and signet of manhood." It will be a sturdy blow at antiquated ideas before which political party opposition must yield. We are hopeful of a better day when God's image will be acknowledged wherever seen. BRANDY, WHISKY, WINE, ETC. Y. p- Y. P. M. Y. P. M. lOCSB'S PURE HILT WHISKY. YOUNG'S PIIBK MALT WIIISKY, TOl'KU'N MIBE MALT "WIIISKY. There Is no question relative to the merit of the celebrated Y. P. M. It Is the parent quality of Whisky, manufactured from the beet grain afforded bv the Philadelphia market. and It la Bold at the low rate of toper gallon, or (126 per quart, at the salesroom, Ko. 70Q TASSIUSK KOAD, 11 5 2p PHILADELPHIA. QA It STAIRS & McOALL, Kos. 126 WALXUT and 21 HRAMTE Sts IM POUTERS Brandies, Wines, (tin, Olive Oil, Etc Etc WHOLESALE DEALERS IN rUHE 11YE WHISKIES, IN BOND AND DUTY T A ID. 4 11 FINANCIAL. Dculers In United States Uoiuls, aud 3Icm hers of Mock nnd Hold Exchange, receive Accounts of Hunks and Hankers on Liberal Terms, ISSUE BILLS OF EXL'llAMJE ON C. J. IIAMBKO & BON, LONDON, B. METZLER, 8. S01IN & CO., FRANKFORT JAMKS W. TUCKER & CO., PARIS, And Other Principal Cities, and Letters of Credit Available Throughout Europe. GLEMMIE, DAVIS & CO, Ko. 18 South TIIIKD Street, PHILADELPHIA, GLEMBOUNG, DAVIS & AHORY, No's NASSAU St., New York, BACKERS AND BROKERS. Direct telegraphic communication with tlie Ken York Stock Boards from the Philadelphia Office. U9 ALEXANDER O. CAT TELL & CO PitOL-UUHi COMMISSION MKROHAHTS. KO. M NOKTH WHAJiVJui , KO. MORTH WATKR BTRKKT, , PHILADELPHIA. It ALXXAJIDXS t.lCmaU. . . HUJAHOATtKlJ t FINANCIAL. TUB mm pacific RAILROAD COMPANY OFFER A LlMIfKD AMOUNT OF Tit KIR First Mortgage Bonds AT PAR. Mnc Hundred and Sistj Miles Or the line West Irom Omaha iro uow comiilet'xl, and the work Is going on 'h rough lho Winter. A, th dia Unce between tiie finished ponlon of tb Union and Central 1'sclllc Itallrouda l now !es than 4m in I leu, and boih Compaule, ure punhlrg forward the work with fcreat eiipjfy, euiolojlim over H0.W.0 men, thure can be no doubt that the whole Krand Lino to the TaciOc M 111 be Open for IIiihIiipns Iu the Summer Of 1SU. Tlie reimlar Government CommtRflloneM have pro nounced the Union Pad He Railroad to be FIRST CLAbS In every respect, and the Special Coiauilsnloii appointed by the President says: Taken as a whole, TH K UNION PACIFIC ItalL llOAD HAS BKEN WKLL CONdTltUOTED. AND THK GENEKAL ROUTE FOU THE LIME EX CEEU1NOLY WELL SELECTED. The energy and perseverance with whlcu the work baa bee a urged forward and the rapid ty with which it has been executed are without parallel In history, and In gran deur and magnitude ot undertaking It ha, never been equalled." The report concludes by aaylDg that "the country has reason to con. gratulate Itself that this great work of national lui portance Is so rapidly approaching completion under such favorable auspices," The Company now have I a use 137 locomotives and nearly Zuoo cars of all de crip lions. A large additional equipment Is ordered to be ready In the Spring The grading Is nearly completed, aad lies ;dlstrlhuted fur IM miles In advauce of the western end of the track. Fully 120 miles of iron lor new track are now delivered west of the Missouri River, and 90 miles more are en route. The total ex penditures lor conat-uctlou purpoies In advance of the completed portion of the roul H not .eis man eight million dollars Resides a donation Irom the Government of 12,soo acres of laud per mile, the Company Is en medio a subsidy In U. S. Bonds on lis line as completed and accepted, at the average rate of about fit.oOO per mile, according to the dllllcultlea encountered, for which the Government takes a second lien as security. Th Company has already received 24.o78,0o0 of thl.i subsidy, being In lull on the 940 miles that have been examined by the United btates Commissioners. Government Aid Security of lho Bonds. By Its charter, the Company la permitted to Issue Its own FIRttT MORTGAGE BONDS to the same amount as the Government Bonds, ami no more. These Bonds are a First Mortgage upon the whole road and all Its equipments, bucb. a mortgage upon want, for a long time, will be the only railroad con necting the Atlantic and Pacllio btates, takes the highest rank as a safe security. The earnings from the way or local business for the year ending June 30, lbt8, oa i n average of 472 miles, were over FOUR MILLION L0LLAK3, which, after paylug all ex penses, were much more than sufficient to cover al Interest liability upon that distance, aud the earn lugs lor the last live months have been (2,346.870. They would have been greater If the road bad not been taxed to Ua utmost capacity to transport Its own material for ccnstructlon. The Income from the great passenger travel, the China freights, and the supplies lor the new Rocky Mountain Btates and Ter ritories, must be ample lor all Interest and other lia bilities. No political action can reduce the rate of Interest. It must rernaln for thirty years si.e per cent, per annum in gold, now equal te between eight and nine per cent. In currency. 27j principal it then payublc in gold. It bond with such guarantees were Issued by the Government, Its market price would not be less than from 20 to 25 per cent, premium. At these bondstare Issued under Government authority and supervision, npon what la very largely a Gov eminent work, they must ultimately approach Gov- ernmem prices. The price for the present ll PAR, Subscriptions will be received Iu Philadelphia by DE HAVEN & BRO., No, 40 9. THIRD Street. WM. PAINTER & CO., IflO. 88 8. THIRD Street, And In New York AT TIIK COMPANY'S OFFICE, No."20 NASSAU Street, AND Br JOHN J, CISCO A SON, BANK EBB, No. 69 WALL Street. And by the Compauj's advertised Agents through. Bonds sent free, but parties subscribing through local agents will look to tuem for their safe delivery A B1W PAMPHLkr AND MAP WAS I63UAD OLTOBKR 1, containing a repjrt of the progress of the work to that date, and a more complete state ment In reiatlon to the value of the bonds than can be given In an advertibement, whluti will be sent free on app Icatlon at the Company's olllces, or to any of the advertlseJ agents. JOUN J. CISCO, THEASUKElt, NEW YORK. Jau. i. mo. 1 2 tustu QA N K IN G HOUSE OF Nos. 112 and 111 Sonth THIIID Street, PHILADELPHIA. Dealers In all UoYernmcnt Securities. Old 5-20s Wanted In Exchange for Kcw. A Liberal Vifl'crcnce allowed. Com pound Interest Notes "Wanted. Interest Allowed on Deposits. COLLECTIONS MADE. BTOCKS bought and sold on Commission. Special business accommodations reserved for ladles. We will receive applications for Policies of Life Insurance in the National Life Insoranee Company Of the United Btates. Full Information given at our omoe. H8M ODOEB8' AND WCSTENIIOLM POCKET KNIVF.S, Pearl and iblag Handles, of beautiful i,ni.i,. HOOUKKH' and WAUK A BUTCH UK'S RA. MKH, and the eeleMrated LICOOULTRJ8 RAZOR bOlhbOIOiol thenriwrtqiMtlUy. li.torn, Knives. Bolasors. and Table Cutlery Oronnd and Pnllkhett, at P. MADJOIAA'U. tiS. IU H. XKNTH ion ruii'"i"" - - UM4lbolow Cbaanak Mm FINANCIAL. Union Pacifio Railroad, WE ARE KOW 8ELAINU The First Mortgage Gold In terest Bonds OF THIS COMPANY AT PAR AND INTEREST, At wbich rate the holder or UOYLItX. MENT SECURITIES can make a profit able exchange. COUl'OJiS due Jannarj 1 CASHED, or bought at full rates for Hold. WH. PAINTER & CO., I' ANKERS ASD DEALERS LN HOVERS. MEAT SECURITIES, fio. 36 South THIRD Street, PHILADELPHIA. V bankers;6? No. 35 South Third Street, PHILADELPHIA. DEALERS IN GOVERNMENT SECURITIES, STOCK, COLD AND NOTE BROKERS. Amounts of Hanks, linns, aud ludividuals rjcehed, subjot) to chuck at sight. INTEREST ALLOWED ON BALANCES. xENERALENTS, FOR PENNSYLVANIA , ' NEW .:T,H.E UNITED STATES OF AMERICA. The National T.tr Insurance Company Is e ?i.roratliii churn-red hy special Act of Congress, an proved July 20, Itsiis, with a CASH CAPITAL, $1,000,000, FULL PAID. I.!b-rnl torm nMrreil to Awnts nnd Solicitors, who !! invited to apply at our ollice. Full particulars to he hd on application nl our ofllce, located lu tho second story of our liankliur llouso, n hero Circulars and Pamphlets, fully detcrll)ln( thtl lUvaiitagcs oll'crcil by tlie Company, may bo had. K. W. (XAKK A CO., Ad. 35 Sonth TJiird PACIFIC RAILROAD NEARLY FINISHED. 1550 MILES BUILT. The Union Pacific ' Railroad Co. AND TOE Central Pacific Railroad Company nave added Eight Hundred (sno) Miles totbelr lines during the current year, while doing a large local pas. Benger and freight bualnees. ThettuougU connection will nndoubtedly be completed, next summer, when the through traflic will be very great. Forty thousand, men are now employed by the two powerful oompa nits In pressing forward the great national high, way to a speedy completion. Only ZOO miles remain to be built, which mostly are graded and ready lot the rails. First Mortgage Gold Bonds of the Union Paolflo Railroad Company tor sale at par and Interest, and First Mortgage Gold Bonds of the Central Pacific Railroad at 103 and Interest. The principal and Interest of both Bocds are pay a. ble In gold. Dealers In Uorernment SecnrIUe8,Gold,Etc. No. 40 SOUTH THIRD STREET, PHILADELPHIA. TERLING & WILDMAN. BANKEWS AKD BROKERS, No. 110 South THIRD Street, AG & NTS FOR BALK OF First Mortgage IJoiids or Eockford, Kotk Island, aud St, Louis Kallroad, Interest HE VAN PER CENT., clear ol a'l tax payable in HOLD August nnd February, for sale at 7i and accrued Interest In currency, Also First Mortgage lionds or the DinTille llazlcton, and Hilkesbarre Ilallroad. Interest BEVEN PER CENT.. CLEAR OF ALL TAX EH, payable April and October, for sale at 80 and accrued Interest. Pamphlets wltn maps, reports, and fall Information of these roads always on band lor distribution, DEALERS In Government Bonds, .sold, Sliver Coupons, etc. fcTOCKa of all kinds bought and sold on oommia. slou lu Sew York and Philadelphia. II tfcih. WOODLANDS CEMETKKY COMPANY" The following Mauagers and OUioera have bwn electtd for the year lsw- uve Deen ItLl a, PRICE. President. Wm. IT. Moore, Wm. W. Keen. Haiuuel 8. Moon, Ferdinand J Uronr Oillles Dalleit, UHorge L. Busby HdwInUreblH. 11. A, Kuighi Secretary aud Treasurer, JOdEl'U B. TO WN8END The Manaen bavti Daaaea a resolution reuuirinV both Lei holder. aud Vultort to pre.enitlokeu m ti.i enirauce lor admission to the Oemeterv Tii-kl. inavbshad at tU Ouloeofthe Cjmuu. No art AKCXi Btreet, or ol any ol the Managers. i IRE GUARDS, lOB STOKE FROMTS, AVYLVM8. pAO lOKIEN, ETC. Patent Wire Ralllng'Iron Bedsteads, Ornaments Wire Work, Paper Makers' Wires, aud every varUt , ol Wire Work, uanufaciurf d by SI. WAlurit A HONS ' mwl Ho. 11 Morlh BIXTU
Significant historical Pennsylvania newspapers