THE DAILY EVENING TELEGRAPH PHILADELPHIA, TUESDAY, FEBRUARY 1C, 18C9.
riggHYLTAMA RAILROAD COMPANY.
Annnnl Merlins; or fhi Nlorkhnlflers
anoHeportof the Board of IM rector.
vT15 fcnol meeting of the stockholders of
. .?ennHy,vftn,a Kallroad Company was held
at 10 o'olook tbis morning at Concert Hall.
Mayor Daniel M. Vox preidevl, and Mr. Wll
11am J. Howard waa selected an Secretary. The
annual report of the President nod KuArd of
lMreotora wan the first business la order. The
report read as follows:
OWIGK I'Eff NSYLVANf A RAILROAD PO.,l
1'HILADBI.l'HIA, Fell. 10. 1KII9.
To (he Shareholder of the Pennsylvania
Railroad Omipanj : The Directors have the
gratification to report to you the results of
another year of prosperous business upoa your
railway, the details of which are siiofru In the
following statements.
BAKNINOH.
From rasaenaers $(,531,BXt(H
" Kinhcraut Passou
cars....... 7S 2M 2
Malls..... MUSI -2i
' Kxpres Matters... I'll Ml 21
" Uenersl 1- relut...l2,KN2,l'K 30
V Miscellaneous- 8I3..C1 Hi
117.21!, 197-31
exprssks.
For conducting trans-
portal Ion 83 fiW.ZlMfl
For motive power 8,3rtl.fi(U-42
Formalntenunoe of earn 1.412,7:15 in
Formaintenanceof road S.WH WHAii
For general expenses... 178, 1) 9i
3ll.S I0.9SJ 89
Leaving net earnings for tho year
jcub
15,872.613 43
The total amount of revenues oompttrea wnu
last ytar is:
1KIW 8I7.21S.497-81
1807 1(1.8 10. mm
Increase..........
The chaDp.es In
shown below:
I8IM.8UIH5
the sources of revenue
Decrease In emigrant
passengers....
Increase lu express
matter
Decrease In miscella
neous.. Increase In regular
freights.........
Increase In first class
passengers.
Inorease In United
k States mails....
113,403 DT
38,013 Kl
124.707 22
91,010,6 CJ
$J)ii,7."J58
35.155 3:1
15.010 57 91,100,070 51
Increase as before stated f 893,3 10-95
Tbe cross revenues for ISti.H are equti to
948,138 26 per mile of the main line of railroad.
The wbole number of passengers carried In
1B67 was 8,847,408, and In 1808 3,717.178; an In
crease in the number carried of 3911,712. The
average dlstanoe travelled by each passenger
was 8o 64 100 miles, being 'i 27 100 miles less than
In 1807, showing this inorease to be upon tiie
local traffic of tbe line.
The nomhr of tons of freight moved (In
cluding 21)4,131 tons of fuel and oilier materials
transported for tbe Company) was 4,722,015, em
bracing 2,005. 019 tons :of coal. Tlie whole ton
nage of your railway exceeds that of last year
721,477 tons, of which Increase 384,320 tons was
bituminous eoal.
Tbe average charge upon freights during the
year was 1 906-1000 cents per net ton per mile
and per passenger, 2 71-100 cents. Tne cost of
transportation was 68 8-10 per cent, of the re
ceipts. Tbe earnings of the Philadelphia and Erie
Railroad In ltH8 are:
From passengers 9tf3l.437-59
" freight M 2,101.0131)8
express matter . 80,964 33
malls .. 21.518-04
miscellaneous sonroes 18,726 42
Total (nearly equal to 110,000 per
. mile of road) ... 92,804 250-38
The operating expenses during the same
period were
For conducting trans
portation............ 9610,774 32
" maintenance of
way....... 6QO.284-40
" motive power 677.028 41
M malntenanoeotcars 178,913-85
92.067,001 06
TO which add 80 per cent.
of earnings payable to
tbe Philadelphia ana
Erie Kail road Co 9820,423-95
Snowing a loss to this Company in
operating tbe line under the
lease, of.
Or 9271.17778 less than in 1867.
To the loss above stated there
2M.m oi
93,174 63
shouU be
added, to give a fair exhibit of tbe workings of
tbe lease oi mis line, tne interest upon the
capital required to operate railway, the cost of
tbe rolling stock and shop machinery, all of
which Is furnished by .this company, amount
Ing. at six per cent., to 9210,000 per aurum.
Tbe Inorease in the business of the line is
almost wholly from the development of the
freight traffic of the company. The decrease In
tbe relative expanses arises mainly from the
diminished outlays on account of the original
incomplete and defective construction of the
road.
Tbe revenues of the lines operated by this
company and tne amounts paid for their work,
lag expenses, Interest and dividends, are as
follows: . .
From the Pennsylvania Railroad
and Branohes .... 91733,497-31
From tbe Philadelphia and Erie
Railroad .. 2.801,250-36
Amount 930,0J7 ,747-67
And tbe expenses of operating
these lines were:
Pennsylvania Kat!road.SU,8G0,983 88
Philadelphia and Erie
Railroad 2,067,001 06
Thirty per ct. reserved
to pay interest on
debts of tbe Philadel
phia and Erie Rail
road Company 820,423 95 914,748,408-'J9
Leaving tbe net profits from both
railways for 1868 93,289,338 78
From wblobdeduotdlvl-
denda declared in May
and November, in all
13 per cent., with tbe
taxes thereon 93,242,28 l 'J
Balance of deficit of Interest ac-
COUDt.MMMI-.MtMM IH M 701,610-81
line on tbe leaso or the Harrisburg
and Lancaster Railroad......,..... 136,274 18
Annnal payment to tbe
State of Pennsylvania
on account of Interest
and principal due upon
tbe purchase of the
burg and Philadelphia 9460 0UO0O H.5;y,107 01
Leaving balance 9750.171 77
Tbe average dividends of tne company since
JfcoO have been luiiy equal to mat paia in 18.
All of the branch and leased lines operated
fey this company, except tbe Philadelphia and
trie and tbe East Jirundywlne and Waynes
ijurg Railways (where the aggreuate loss was
188.106-84). have shown balances in their favor
ever operating expenses, equal in the aggregate
to tbe interest upon tbe amounts standing npon
the books against them.
Tbe earnings of the railways in which the
Pennsylvania Railroad Company is the
bolder of a maiorlty of their shares,
tout operated under their own boards of
directors, were for the past year as stated below,
Z
Cumberland Valley Railroad 9577,061-72
.Northern Central Railroad and its
leas d lines. 4,151,30191
PtttHhtirsr. Cincinnati, and St. Louis
Railroad 2,327.4543
97.055,872 06
Tbe Cumberland Valley Hallroftd extends
from Harrlsbnrg to liagerstown, Maryland, a
distance or seventy-ioui' nines, ii jg a very
Important feeder to yonr mainline, and tra
verses throughout Its length a wide and densely
popmaieu vauey.ricn in agricultural resources
ana bounded on either side by mountain
ranges containing some of the most valuable
mines of irou ore in tbe S'ate.ot inexhaustible
uuse mines are now oeing developed,
ana wnen reached by tbe branch railroad in
conrse oi construction, the transportation of
these orf s will add largely to tbe net revenues
The Interest of yonr company in this railway
IB nIU Uy I". .Ill HI UK IUlKl nrwl mn.M. ..I
418 shares of tbe common and 2801 snares of the
preferred ator-k. upon both of which, amount
ing at par to IU14.100, It pays rexnlur dividends
vi eigun io wm. ior annum, leaving
surplus wuiou is oeing appropriated in
aid oi tne construction or the branch line
mentioned to the largest of thee iron ore
deposits, and towards tbe extension
ot its own line to the Potomac, at or
near WilUamsport, Maryland. The Northern
C entral us nroaa exteuus irom .Baltimore to
UQbrtiy, rouasyivania, a uxstnuce oi l ju miles,
nd throngh Iprsch ot and contracts with other
railway companies, it is praoiloaliy extended
to llntliilo. New York. Its oontrol by this com
pany was the result of an unsuccessful effort
npon tbe part of the Baltimore and Ohio RalU
road Company to shut up this avenne as a com
petltor with its own railway for transportation
between Baltimore and the West
Instead of a burden to the Pennsylvania
Railroad Company, as apprehended at the time
a purchase of a majority of Its shares was made
by I be Kinking Kuud, It has proved a very pro.
Stable Investment. After piaolng this work in
f ood condition, and increasing Its equipment,
t bas been able to pay regular quarterly divi
dends to its shareholders at the rate of eight
per cen. per annum after leaving a reasonable
surplus of net proiltt. The numnerof shares
of this company held by the Hlnklng Fund is
4UJ.HU, equal at tnelr par v-ilm to IJ.18 i.M).
The ordinary trafllo of this line has lnoratsed
with tbe population of the wealthy and enter
prising section of country it aocoramoditles,
while Its coal transportation, wbloh Is still in
Its infancy, has become a very Important
soui oe of revenue. It has connections lurongh
a leiise of thoHhamoklu Valley and Potlsville
ItHliwny, tlie control of tbe Lyaeus Valley
Ritllwny, and a connection wild the Phlia
delphla and Erle.Laokawannaand Bioamsburg
and other railways, with all of the coal fielts
of Pennsylvania, which will cov.linue to
five It a constantly lucre-islug tonnage. Tua
'lltfbnrg, Cincinnati, and Ht Lnuia Railway
has been described in previous reports. It
extftuls from Houlh Pittsburg to Columbus,
Olilo, a distance of 193 miles. The lulorest
bt-ld by this company in their stocks and
bonds stands upon lis books at 95.033,4.')0 09. It
la an indl.spensnbleconiionttou for tbe Pennsyl
vania Hallway with the West and .Southwest,
and must eventually pay reasonable dividends
to lis shareholders.
lis trafllo for the second year of its nse as a
continuous railway between Us termini la
equal to 912.000 per mile ot roud.
In the Connecting Railway, which extends
fioin West Philadelphia to Krankford a dis
tance of feven miles and operated under a
lease by tbe Philadelphia and Trenton and
Camden and Am boy Railroad Companies, at
an annnal rental equal to six per cent , clear of
all taxes, upon Its wbole cost, the Pennsylvania
Railroad Company bolds 2'hil shares of tho
capital stoox, amounting to 91,277,350.
This road was constructed with means fur
nished by your company for the purpose of do
creasing tbe beavy com of passing lis New York
and Ea.-itern trade through this city, aud in the
expectation of returning to the Philadelphia
Division of Us road much of tbe trade aud
travel which tbe delays and obstructions re
ferred to bad driven to .other channels. The
result, as shown in the eighteen months since
tbe road was opened for trafllo, bas been
such as we anticipated, while, in addition
thereto, we will receive during tbe term of
tbe lease legal Interest upon the expenditure
Incurred.
Tbe car als east of the Allegheny Mountains,
purchased by this company of the Htate of
Pennsylvania, 173 miles in length, have, as
stated in cur last annnal report, been sold to
tbe Pennsylvania Canal Company, of whloh
General Isxao J. Wlslar Is President. That
company has since purchased with its first
mortgage bonds a majority of i he shares of the
West Branch Canal Company, extending from
the Juniata river np the Hnsquenanna
and its West Branch to Farrands
vine, above Lock liavfn 123 miles and
bas consolidated its shares with those of tbe
Wyming Valley Canal Company, whloh ocou.
J ilea the North Branch of the Susquehanna,
rora Northumberland to Wllkesbarre, a dis
tance of 64 miles, making in all 360 miles of
canal. This arrangement brings the Susque
hanna system of State canals below the coal
measures dismembered by their sale to three
companies under one oontrol, without whion
they could not successfully compete
with the railways traversing the
valleys of the same watercourses. Tue whole
of tbe revenues of these carta s must for a lew
years be appropriated to their Improvement
and protection irom freshets that have hereto
fore periodically destroyed their usefulness for
mouths at a time, to the great Injury of their
revenues and tbe business of those who use
tbem for the transportation of the produotsof
the country to market. When iheje objects a re
secured, tLe Investment of this company in the
Pennsylvania Canal Comnmy will doubtless
become profitable, and highly advantageous
to tbe community for whose aocommodatlou
tbey were originally built by tbe Common
wealtb. Tne assets of this company, exclusive of Its
own roads, invested for the protection and en
largement of its traffic, are now, at a reasonable
valuation, more than surUclent to moat the
wbole Indebtedness of thd company, exceut tbe
five per cent, bonds held by the State of Penn
sylvania, wbloh are being paid by a contribu
tion from tbe net revenue of the company In
semi-annual payments of 23'),O0Oeach. Dutrlng
the paBt year these contributions, after the pay
ment of Interest, left 9H2,9i6'50 to be appro
priated to tbe reduction of the principal, which
amount will annuully increase as the debt upon
Whicn interest is payaoie is reauceu.
In the month of October last an attempt was
made by tbe Erie and New Y ork Central Rail
road Companies to break up the through trafllo
arrangements of this company by making
lai ge reductions upon tneir rreigut cuarges. mis
movement was prompuy met uy tne l ennsyi
vania Railroad Company by still greater reduc
tions from time to time, which resulted lu a
large Increase of its tonnage. These low charges
were continued until a restoration of former
rates was desired by tnose companies, after
Incurring a beavy loss In their revenues, wane
the enort mcreasea tne prestiga oi mis com
pany by bringing Its snorter lines and belter
faculties more prominently iuui puuuu notice.
After the failure of this attempt the managers
of tbe Erie Company, by means of large sums
of money suddenly realized from a confiding
public in a manner at least nuwortny oi imua
tlon,dlsregardlng theoomlty which should exist,
in relations between individuals or officers of
corporations, and against popular sentiment
and public rlgbia.endeavored to arrest a healthy
competition tor the traffic between tbe East and
West through tne control oi our connecting
lines, and by this means divert business from
Its natural channels to tneir circuitous route to
the seaboard. Tbe policy of your Board bas
heretofore been to limit Us Investments outside
of Pennsylvania to tbose companies that they
originally deemed It proper to assist for the
purpose oi securing connections witn tne tnen
existing lines whose interests harmonized
with its own. Tbe restless spirit of our rivals
in the East and West bas, however, rendered
it necessary to make our connections with tbe
chief trade-centres of the West more per fact,
and less liable in tne luture to mo
lestation and Interruption. This bas been
done to a great extent through a recent
lease to the Pittsburg, Cincinnati ana ST. Liouis
Railway Company (known as the Pan Handle
route), guaranteed by tbla company, of the
lines ot the Columbus, Chicago and Indiana
Central Railway Company, which bas direct
connections wltb Indianapolis, St. Louis, Louis
ville, ana cnic-age.
These arrangements will require a consider
able amouot of money, to be applied especially
to tne increase oi roiling stocic, to renuer tnem
productive, xms it is propose! to raise bv
flving to tbe stockholders of the Pennsylvania,
lailroad Company registered upon the books
of tne company ou tne tnirtietn day of April
next, the privilege of subscribing to twenty
five (25) pur cent, of their holdings at that time
In new chares at par.
With the proposed increase or capital the
Board entertain no dilli -ulty In continuing
dividends of ten per cuut. per. annum, even if
these arrangements should uot, as anticipated,
Increase our not profits to a 'i-tntor extent than
the interest nnon the outlays to be incurred.
Itwiilappoar from au examination of the
statements already given, that tbe business of
tbe past year would have justified dividends of
five per cent, seiul-anmmily upon our wnole
autbori.ed capital of fCjuOO.OOO, and still loavo
a surplus of a ban' of i million of dollars. The
proposed increa-ui w ill make the capital stock
about 933,000,0i'0.
The rapid progress made by tbe Uulou and
Central Pacific Kallromls indicates thu comple
tion of a railway line across the continent dur
ing the ensuing summer. When it shall have
been opened t lironghont, your own roud and Its
Immediate Western connections present the
shortest line to and from the Atlantic seaboard,
either by way of Chicago, sr. IajuU, or by an
intermediate route from Warsaw westward
connecting with the Union Pacific road near
Fort Kearney; and assure us tbul we will be
enabled to seenre a fair and reasonable share
of tne large trafllo that wilt be carried between
the Atlantic and Pacific Sates. By some over
sight, local considerations, or a limited con
ception of the important part that railways
were to play in tbe movement of the iuterual
commerce of tbe country, Pennsylvania aud
Ohio have each been placed between two
different railway gauges which for a long time
forced transshipments of freights, Tbe Pennsyl
vania Railroad Company Las both ou its
eastern and western oonneotlons a gauge of
four feet ten Inches, and Ohio, on each sloe of
ber, a guage of four leet eight and a half inches,
tbe latter being tbe prevailing guage north or
tbe Ohio and James rivers, while south of
these tbe guage ot five feet prevails, which
should have been adopted orlglua.ll as tuo
on I form guana of tbe United Rtates. To obviate
tbe InooHvenienoe, tbe Increased cost of trans
portai Ion, and tbe additional oapltal required
to move trafllo. In conseotionoe of the frequent
transshipments, from a dlOVrenoe of gnat of
oniy one ana a nair mooes, Droau irenu wueuis
were Introduced for through trafllo, wbloh, to a
large extent, has overoome these evils. O lug,
however, to tbe great oscillation of the earaou
tbe wider gnage tbe Ohio, lines Insisted
npon a play upon the narrow gantte
that baa added materially to tbe cost
of hauling upon the four foet, elgbt and half
Indies gauge, to remedy whloh t je guage of
yonr roau has dpo chanced to lour itet uine
Inches, and the Ohio roaus have been, or are
being, changed lo four foet nine aud a half
inches, leaving but a difference of a naif men.
wbloh It Is presumed that time will re Juoo to
tne unllorm KBtine or four feet nine incnei.
Your directors, In their last annual report,
alluded to a verv important movement con
templated by tbe Philadelphia and Erie Rail
road Company, by which It was proposed to
pmiu a ranroaa leaving mm line at the m iuui
of Bennett's Branch of tneSusquehannn; thence
op that stream to the summit, and down
the waters of the Allegheny to that
river at the confluence of the MjtionloR,
sua incnoe to riUHOunr. j his line is destined
chkfly for the transportation of trelgnt at a
slow ped, wltb a view to so cheapen its cost
as to compete wltb the water lines loading to
New York. Upon no purl ion of this route Is
tbre a gradient against the heavy traffic to the
KhsI exceeding ten feet per mile, or sixteen
feet against the westward bound trade, exoept
for about four miles at the summit, where a
gradient of forty-eight feet in favor of the he vy
transportation is nsed, and for about tour miles
near tbe mouth of the Mahoning, where fl.ty
five feet per mile mav be adopted.
Until the trallio justifies the application of
assistant power at tnese points, the mu iohu.s
upon the 16 feet gradient will be passed over
mem ova amnion or tne train. Tne excep
tional gradient of 65 feet per mile near the
mouth of the Mahoning may be avoided by
continuing upon the side hilt, afterstiiklng this
cretK,aui intersecting tne Allegheny valley
Kailroad lower down: but the work will be ex
pensive, and may bo left to a period when tbe
traffic will Justify the outlay.
It is not proposed to extend the Philadelphia,
ana urie i.ine neyonu urookvine in this direc
tion, as It will be there mot by the Western
Pennsylvania or Allegheny Valley Railroad,
tbe charters of both of which companies cover
tbe ground. From Brookvllle the Philadel
phia and Erie will eventually beoarriod wes
wardly, south of the Lakes, connecting there-
with Dy nrancn roans.
Tbe grading of this railway for about twenty
miles Is now under contract, and all of Its ex
pensive sections will be let as soon as the line
Is carefully located. The satisfactory results
obtained from tbe business of your railways
during tbe nasi yean is largely due to tne .1 deli
cious management of E. 11. Williams, Esq.,
Oeneral Superintendent, wbo has been ably
seconded by bis assistants, John A. Wilson,
Esq., Cblcf Engineer of Maintenance of Way,
and A. J. Cassatt, Eq., Superintendent of
Motive Power and Macblnery, the heavy
trafllo of the lints under their charge having
been moved without serlons accident anol at a
material saving in cost compared with the pre
vlousyear, considering the Increase of tonnage
transported.
Ihe management of the Philadelphia and
i-.rie uatironu. uuner its uenerai superinten
dent, A. L. Tyler. Esq., and his assistant. W. A.
Baiuwin. fc.su., also reueois much credit upon
them from the reduction of expenses realised
lu the movement of lis tramc per ton.
Respectfully submitted.
By order of the Board.
J. Eihjak Thomson, President,
Mr. Derbyshire moved that the report of the
Koaru oi .Directors oe accepted, ana ue pub
lished in pamphlet form for tho use of the
stockholders, and that tbe recommendations
incorporated in the Ksport be adopted.
Mr. A. L. Snowden oflered the following
resolution:
Whrroti, Tbe report of tbe operations ot the yar
lust ended, as urrseuted tbis day. Is of sach a frailty-
In if ct aracter, eihlbitl.se as It doss ths continued and
advancing ponpi-riiy of tho company: ibernlors
M:wlvrl, That the atfc holders uulte In extending
their thanks which are eminently due, to Mr. Joan
Kdcar Tnnnisou. Trenideui, aoi to Tnuinas
Scotland Herman J. Lomhsrt. Vice-President-; to
the Board of Directors, Troainrer, mod Secretary, and
to tbe anveral he.Un ot depi tmenin. aud to ihoir
subordinates, for tue fulthl 11 and eOioleot manner in
wlilcb the have discharged their rrapactive dmlow.
resnltlnc In the promotion of tbe heat Interests of the
city or mMadeiphl, ana to me creaier peoaniary ad
vantage or tnesiocitnoiuers or tins company.
In support of bis lesolution, Mr. Snowden
Enid:
"Ibave rottghtthis opportunity, Mr. Chalr
tnan. of Dresenilnz these resolutions, so that I
misht be able to sav a lew words expressive of
my blgb appreciation of tbe management of
tne company. Home lew years biuu x uwuau
some of the stock of the company, but under
t.hn continued assaults of various parties upon
tbe Integrity and wisdom of its management.
l ciisnoseu or it ratner man no iutu
tnveailtrntion as to the truth of the charges.
Lust summer an opportunity presented itself.
in company with one oi tne nrst raiiroan men
of tbe United States (Colonel Thoma9 A. Scott).
of nassinaover the line or tne company a roau
In Pennsylvania and other connections In the
West, lo Chicago on the North and St. L'jiiis
on tbe South, and when I came to estimate
tbe ereat work that this management had ac
complished in securing the great trade now
passing over their lines, and which most be
almost indefinitely increased In the future. I
felt tbal tbe few cold words of praise
were not sufficient to express tne
eratltnde that we as Peunsylva
mans, and especially aa Phlladelphlans,
should feel towards tbe men who, by a wise and
larreacblne nollcv. bad accomplished these
treat results. Not onlv. however, have this
management prepared for the future t-rafflo of
tne great west, nut tney nave, oy a .luun-ious
course, extended lateral roads through various
sections of tbe Commonwealth: and wherever
the band of the Pennsylvania Railroad bas
rested, there has prosperity bloomed a nd; blos
somed as tbe rose. Therefore, to-day I felt It a
crivllene as well as a duty to rise up Herein
this meeting of stockholders and express tbe
sincere sense of gratltnde I feel, as a citizen of
this State, towards tne managers, ana priae in
the work that this road accomplished, which
bas done more to deveiap tbe true Interests of
tbe State and city tban almost all other agencies
combined."
A motion to adjourn was then made and
passed.
FINANCE AND COMMERCE.
Office or thk Evb.vino Tklkra.pu-,
Tuesday, Feb. lt. lstj'J.
The Money maiket continues easy. Call loans
ruie at 67 per cent.; Crst-ciaes commercial
paper ranges from 89 per cent, per annum.
There was more disposition to operate in Stoctta
this mornine, but prices were unsettled ami
lower. Government secun-.ies were a fraction
lower.
FH11ADKLPI1U STOCK BICHASuK SUM TO-DA1
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leoth Read B tl(.4i-n'j
loo da..M.,.blu.. -M. ',;
:C! flo 54i?i
100 do... ....BtW. 4)H
loo do....boa. 4B '
100 oo. ( oti.
Suvr ft I.adner. Stock Exchange Broters,
No. 30 8. T'aird street, report this morning'
colli rinomtlniiM m follows:
10-00 A. M. . 1351 10-32 A.M. . 135J
10 27 " . 135 ! U-i0 " . 13J
Slpssra. WUllsm Painter & Co.. bankers,
No. 30 South Third Street, report tho followtug
rates of excliantro to-day at la ociock:
United States Kg. 1881. 114152115: U.S. 6-20
18G2, 113A115J: do., 1864, 112JBll2i do., 1805,
lH:Sill3.;Bdn. Jn v. lHfiS. llllfcdllU: 'do. JU1J,
IK67, lllBrasiiii ; do. 1868, 1113llli;63. 180b,
llOCprllOi. Compound Interest Hotes, puel due,
I19-2,'i. Co d. 13r.rrill3.-il.
Messra. Ju (inniiri A Co. ouote Govern-
mpnt seenrlliea et us folloWrt: U. 8. 6s Ol
1881, 1150116J.J 6-20s of 1802, 115K(iH5:
6-20S, 1864, 112JU2: 6 20s, Nov., 1865, 113irrj)
Ul: July, 180ft, llljrriilllJi do.. 1867. 11 Sffl
nil; ao. ius. liijuuiii io-oa,
union .'acme uoua, ioijio.. uuia. u.j.
Philadelphia Trade Report
TtrxsDAy, Feb. 18,-The FJour market In
qnlet, but holders are Indifferent abont realis
ing, except at full prices. Only a f W hundred
barrols were purchased by tbe hnme consumers
at 86ao-25 for superflno; 5 750-25 for extras;
S77-75 for Iowa, Wisconsin, and Minnesota
extra family; 88-76 for Pennsylvania do
87o10 for Ohio do. do: and S10 5012 60 for
fancy brands, acoordlng to quality, Rye Flonr
sells at 77 23 per barrel. No change to notice
In Corn Meal.
Tbe demand for Wheat la limited to good and
prime lots, the offerings of which are light.
Sales of red at il -701 85, and 2000 bushels
Mlohlgsn amber at Sl-82. Rye Is steady at
$l-56ai-f)0 per bushel for Western. Corn Is very
quiet. Sales of 3000 bushels new yellow at 87(a)
8l)o. Oats are In moderate request, and the
receipts and . stocks are light. Sales of B.iiM
nnnueis western at ivctnbo. itariey isnrm at
t'2 'i (A'i 25 per bushel. Malt Is unohangad.
Heeds Clnverseed Is In aood demand, with
sales at $ ii'Va'75, and small lots from second
nanus at siwtfio za. Timotny rangos irom i a
(tA. Flaxseed Is taken by the crushers at
J2-o28"2-6.
Bark In tbe absence of sales we quote so. i
(inereltron at W per ton.
wniskvis vnerea at oihj. per gauuu, mi
paid.
0 2 TY ITE M &
Pmcits GaKATtv RitDtJOBD lo ciois oif winter
61oct of Men'; ltu' otid iloy' ClotMng.
UoU wav Mn Bikkitt A Co.,
6ixih ilreeU.) No. Oil UaukktST,
FllILADBI.PlltA,
Anp No. go BaoAPW4T. Naw V0K.
Jewitlrt. Mr. William W. Casaldy, No. 12 South
Second street, has tbe largest and most attractive
assortment of fine J ewelry and silverware I a the city
Purchasers can rely npon obtaining a real, pare arti
cle famished at a price which cannot be equalled.
He alao bas a large stock of American Western
watches In all varieties and at all prices. A visit to
bis store la sure to result in pleaanre and proflu
FiN-a rAisTiwoH.-B Scott. Jr., will sell this even
ing, at 1i o'clock, at tbe Art Gallery, No. 1040
Chesnatstrtet, a collection of modern pictures, all
elegantly mounted In newest style frames, and of a
variety ui bupjwibi
6-i"i-o Bprino SrBiwa.
Row opening,
Spring Overcoats,
New In style and material.
At Ch.blms Btokks & co.'s.
eaovxm Baku's Highest Premium Hewing
Machines, No. 788 Obeannt street.
Thk TjNDKBKtoNKo bee leave to Inform thlr
friends and patrons that (hey have added to their
list oi one uri.cerios tue ceieuratea 'I'ioitrt r y,-ait
I',v;tUr," the demand for which la Increasing Oaiiv.
They isn recommend the "I'iowt.r" aa a superior
article, one trial only being necessary aa aa evidence
f that fret,
t'K.onoa T. Bii.ky, Nineteenth and Coaten st.
Fillk-n A 1S4MKS. Thlrleeath and Poplar sis.
TiiOMi-soM Black's Hom fe Co., Broad and Cheauut
airef ts.
Joshua H.Cocsty, No UN 8. Second street.
Ihablks H. Lonomirk, Herman to wn.
JTWl KECOMMF.VP Ol'B OLOTHINO,
- lie jitcoinmrua uur mowing,
JS(Tle Jireoinmnul Our Ll' tiing,
aV"'' Kecnm inmd Our Cloihiiig,
aVar ivc jwvmwinn uur orurnirif
Hif II f Arcvmiiuna Our Vtothlrg,
i-w, vr jm uootl Qualify -T4Jl
t For Hi Good rinuiv.
Ut. tor Its ilnod Quality
2tt, For II Oooit Jfa.-t
2d, tor 11 Uod Make
id. For lit Good Make -,
3d thrill Undoubted Chwimrsi -ft
ll, Ibr lu I'ndoubttd Clieatteu,ma
Zd. thr III llnlh,uatjA I'hMtitwjm -i in
tV SrsolAl, Died.-The. close or a raon U a-
S e prwt iiHM-. to ufy werroni atta Nutut of rvcri,i
lurileienjilion. at prices that arc consitlerably leih&
jtX-(i" ere likely to be soon again. -
WANAMAKBR OL BROWN,
WANAM-KKB & B.OWN.
Wamamakbb t Browbt.
LAIUiVRT A SROBTM BUT AND IiASOKST KsTARLISII-
MMTIN -HILAlJKK'HIA
THE COB. KlXTH AND MARKET 8TBBKTH,
MA.HBIED.
DYCH RICK. On the 11th Instant, by Rv. W. T.
Kva. Mr. FREuEJUUK B. DVl'H to Mlu 8KJRK.VA.
daughter of Ihe late Samuel Hlua, Ksij., Of the Kigh-..
eeuih ward, Philadelphia.
TROUT McELWKK. On the evenlnr of tha loth
InataDi, b? tbe Jtev. J. A. Kunkelui-n. Mr. F1UNK
S. TKOUT and Mlaa ANNI K MuKLWDI
DIED.
AliBKRTSON. On the 13th Instant. JAMES P. AT.
EKR180N, In tbe 81st rear of his age.
Tue relat.lv a and friends ot the family, also the
James Page library Company, are respecvfully lu
vitca to atiena tne rannrai, irom ui9 resiaence or his
mother. No. 2-20 Klebinond street, ou Wednesday
afternoon at 2 o'clock. To proceed to Hau iver Street
Vault.
AT. IKMT7R. On tbe morning of the 1-ith blatant.
GEOKOK HEM BY. younguacaoa of Samuel T. and
the late i narione . aitemua
Funeral services at the residence of W. K. Crockett,
No. H3Z N. Thirty-third street, on Weduesday morn
ing, the 17tb Instant, at 10 o'clock, lateruen I at L,hu-
rei mu. i
OKOAN. On Monday cvsnlng, February is. Dr.
JOHN UEUAN, Jr. ,
ills relatives ana menu m iuvihn iai iueov ms
fnnnral. from his late residence. No. 81 '2 t. Mecoud
street, on JTriday morning, tbe lutn Instant at h;
o dock. -
harm 4TL-OnlMenday mornlnir. February IB.
CM ARLHS 11 ARM A K. in the 4id year of bis age.
The male reiaviven auu uieuua lu inujit m
Invited to attend the raneral, from the residence -t bis
father, Dear Uray's Ferry, on Thursday morning,
vu.n.M. in at li n'ff.lruh nnnntnailv.
fCUl k. . J . ' - V w- . ' -
MOON RY. On the 14'b Instant, ituuit moosky.
Tiw. niai.lTrtt and rrlenda are resuecltuily invited to
attend the funeral, from tbe residence of bis sister,
Mrs. Ann Muuin. jmo. 17 eanaoui aire-i., uu weuuw
day morning at 8.', o'clock.
MOR8LANDEK- on tne I4in lnsiaur, mlliau
MORLAHDKR,ni the 48tb year of hi age.
The relatives ana menu
LidKe and Ibe Grand Kncampment, Lo.oru.j. or
tbe etate ol Peunsylvanla; wayne iooge, p. a, u u.
of O. F i Phlladelpbl Encampment, No. 1. L O. of O.
Philadelphia Odd Fellows' Reliff Association;
Humane joage,-. u uii. r.; "-
and tbe Boutbwark Hose C-mpany, No. 9. am Invited
to attend the funeral, on Wednesday afternoon, the
17tb luatant. al 2 o'clock, from the residence ol tils
ilster. Mrs. C Ireland, No. 1301 Mary street. Burial
at Woodlands.
BM1TH. At Dudley, on tne evening oi me ism in
stant, HKLKiS wiibqi i luiniu ai. ciuiiu, .
The relatlvea and rrlenda ol the tomUy are Invited
to attend inerunemi. irum im ,. w. ... . -
No. 2M a Twenty-flrst street, on Wednesday morn
ing, tbe 17tn luatai I al 10 o'clock.
THOMPSON. On Monday, Febrnary 13 C ARRfF.
daughter of Harrlat L. and the late Newcouib B.
TTZreU.tvea1 and'ftlenda ol the ftunlly are invited
V. ,Tk., h.,i. nn Thnndav morning, tbe lath
ii.atDt at 11 o'clock, from her mother's residence.
CTapler atreef , Oermantown. Carriages leave No. ma
Arcn aireeii " v '
LIFE INSURANCE.
BY THJS
AMERICAN
AGENTS
LIFE INSCRAXCE CO.
Ol Philadelphia,
WANTED
(S. E. Corner Fourth and
Waluut Streets.
IN
better terms NOWHERE of
fered.
Address or call at Comcanv'a
Philadelphia
vuice, i to a r. au
CALVIN B. McLEAN.
a 10 Manager of City Agency
AGENTS AND SOLICITORS
FOR LIFE DiSUBAXCE,
AND ALL PERSONS CONTEMPLATING INSUR-
Mr. U. 0. WILSON, at the Office of the
PEWJ MUTUAL
LIFE INSURANCE COMPANY,
No. 021 CIIESXUT Street,
lieitulutf PHILADELPHIA,
latest snirrijra urrEmmacK.
For addUiinal Marine Newi let Inside Paget.
fT TBLBORAFK.
Na-w Yoaa-, Feo. m. Arrived, steamship TJoltsd
Klngdnm, irt m O artgow.
FokTBiss Mt !. Feb. 14 Arrived, short of
provisions, brig Obawan, fra Paleimo for Baltimore.
PORT OF PHILADELPHIA ....ygBBUART 10.
statb or tHusnsms at run BvasriBTa ma
gitrs orrioa.
1 A. V m.m 40; U A. M ....4 I P. M. M......47
OLRARKD THld MORNfNfl.
Pleamshtp Brunette, Howe, New Yrk, John P. Ottl.
Barqua Proteus, Chlpman. Trinidad, J. K. Basley A
Vo.
Bohr Crescent Lodge, Hatch, Providence, Knight at
Hon.
Bcbr Florence, Mclntyre. Newbaryport, do.
ARRIVED THia MORNING.
Brig Ellaa McNeill, hniail. M days from Messina,
with irott. etc , to jn. Heliums Bro.
Hct r Hut h H Baker Lorens, In days from Oarde
nan. wltb mommies to R O KoighlACo.
Mrhr Fawn. Wiley, days fr jin liuston. with mass,
to Henry Wlnsor A Co.
8ohrIoula Nevlns. 6 days from Bavannab. with
Old Iron to Knight A Hons.
Hohr Usui A. Waiaon, Watjnn, 17 days from Bucks
VIiIh. 8 U,. wltb lumber to Nororona A Sheets
Bteamer J. H Hhrlver, RiKgans. 13 butirs Irom Balti
more, with mdse. to A. Urjvee, Jr.
BRLOW.
Barone L'nda, from Bagna; brigs Ahby Watron,
from Wilmington, N.Ci and Hunter, from Sombrero.
Cnrrffon'lrnre of Mis Phinu)phin Kretwinge.
Lswra, Del., Feb 14 Tue following vensets were
at Hie Breakwater tbta mornlnit, vit.: Brig Mary
Urace, Morrison, frcm Bl Jtihus, P. K for orders
(leu In nort-BrlgaObattanooga, waiting; Klste loading-.
Topaa walili g, sohra Fred. Smltn and KtMiswsll.
loaolng); aehrs Crescent Lodge, from Pblladelpbla
tor Providence; Annie llnrum. from Philadelphia t.ir
tbarlestoo; Lucy D . Iruui Boston f.ir Rtuhmond; J,
W. Fish and It 8. Vonnir. do. for Virginia; Annie
Borlai d. from New York tor Richmond; J. H. Hoyu
do. for Baltimore: A H. Fd wards, do. 'or Wlluilng
tr.n. N. O ; M. II. Btnckbam. do. tor do.; nyne, do. f-r
Cliarleston; P. A. Sander., do. for Norfilk; Lot--wood;
Harry Landell; A. J. tlentley; Klein bir; and
Oliver Hcborleld. all trom New York for Virginia.
Barqnes Cbaca. fnr Cienftipgos; Woodland, for Rot
terdam; and brig Ocean Belie, for Havana, all from
Philadelphia, west to sea l.'Kh Inst.
JOtoEPH LAFKTRA.
o u ,w . MEMORANDA.
Bchr Albert Thnuiaa, Hugers, for PhllaJolphla,
Sailed rnm Charleston yesterday.
Bchr Mary D. Ireland, Adams, hence, at Portland
13'hlnet,
HchrKtnm Bacon, Beatse, for Philadelphia, cleared
at Portiard lKih Inst.
Bchr J. B Clayton. Clayton from New York, arrive
at Baltlmora i;ith Inst. Waa ashore on the Middle
groond. near rap Charles, and was got off alter
throwing ovetboard some of the cargo. Two men.
William Johnson and William H. Huiseohtirg, were
drowned In attempting to carry oot an anchor.
CIGARS.
JO CIGAR SMOKERS.
"MARIANA RITA"
Cigars, in twenty varieties of size and price,
are pure all Havana Tobacco; pronounced
equal to Imported Cigars, yet uiuoli cheaper 1
Tbt Them.
11 FRA DIAVOLOM
Cigars, in five varieties, are pure Havana
Fillers, Btill oheaper, and unsurpassed at
their price t Tbt Thbm.
These Brands, Copyrighted, are manufac
tured exclusively by
S. FUGUKT & SONS,
No. 229 South FRONT Street,
Regular Importers, as always, of Fink
Havana Cioabs. tuot&p
WORKS OF ART.
LAST DAYS
Of THE
EXHIBITION
or
CHURCH'S
NEW "NIACAR A,"
AT
CARLES' GALLERIES,
No. 816 CHESNUT 8treet,
13 31 U6tB8mCP
PHILADELPHIA.
FOR SALE.
FOR SALE MERCUiNTVILLE, X.,
J., very desirable new Frame Honse, 13 raooia, good
style, bath, hot and cold water, and all the modern
Improvements, with a larue front yard and garden:
easy of access per C & B. Co. R. It.; frequent trains
leave via Market btret Ferry. Inquire of . (i.
CATTELL, No. 2G M. WHA flVtB, or a'. Merchant-
VUlc 2 12 6i
WESr rHILADLTHI A PrlOHKHTIK?
FOR BALK OH TO RENT.
Tbe HANDSOME BROWN STONE RESIDES-
CEB, Not. ), 1110, and lift SPRCCE S: est,
and GBKY fcTONE DOUBLE HKSID iNCE, Ko.
4110 PISE Street.
C. J FELL it B')..
2 lCs:n:ilm No. l m Souih FRONT S reet.
TO RENT.
mTO LET A LAfifIB MODbHN-bUILT
TENANT HOUBKaD'i live acrea of Ground,
laid eu. with wa'ks aud ga'ueus, luUt-KM a.Nf O'.VN,
two m'nulea' walk trom 1..j-'i Lane Station.
2 13 Ot ' J. AltMTROSQ.
TO BENT-HOU-i: AND NO.
a.16 rilKBNUT Sure'.
Aunly to J. sKRURANT PRifp.
S 10 it Mu. Ml ARC H Street.
rpo RENT AN OFFl'JK iSL'ITABLS TOR A
aMfA'RARD " W""a"t riV.0'
BEDS, MATTRESSES, ETC.
o v e n's patent
Combfnation Sofa Ded
I decidedly the best Sofa Bed ever Invented It can
be extended from a bot mto a handsome Krtnch
BedBtead. with hair spring nuttiress, In ten seconds
-ol time. It requires no uiuerewmg or detaching baa
no separation between bhek and Beat, uo corda to
break aud no binned foot attached lo ihe ton of Ilia
hack to Biivixjrt It when down, which la ucsate and
liable to get out of repair. 1 1 has tue convnlenra ol
a bureau for holding clothing-. Is easily inansfed' and
It la Impossible for It to fet out oi order.
1'rlct abont the aauie aa an ordinary sofa,
H. i HOVER,
Owner aud K!e Mnuulitef urer,
1 2fi tutbstim No.SW South SEOOND Btreet.
ftfl A X W E L L S
PREPARED GYPSUUT,
For Whitening and Coloring Walls,
A BKACTIKUL. DURABLE A CHEAP ARTICLE.
Tht (Jytstiui Elves tbe w.lla a inUtut.lo,wll! uot
rnb off, and Is theref ore mot e durable, U easily mixed,
and costs uo more tban the eommpu Lime, and Its
sanitary qualities are excellent: It Is tnererore In
evt I y respect unatirpasaed by anything of the kind
ever oUered to the publlu. . ... . , .
eatlkhed inut all who tea it will never again nse
Lime elnver tor would ask y tfto study your In-
wo 1 s.W) B. FIFTH BirtiDt, 1'UUadelPhla,
Eold tf wrocers geuerailj', UOl
FINANCIAL.
1 0 0 0 HUES
or TR
mm pacific
RAILROAD
ARE NOW COMPLETED.
As 50, miles of tbs Western rortlon of the Una.
Klnnlnc at fteorameato, are als t done, trat
2G7 MILES REMAIN
To be finished to open the Grand Throngfe
Line to the Fuel 11c. Tlili opening will
certainly take place early this season.
Besides a donation from the Government of U 8(W
acres of land permfie, Ihe Company Is entitled lo a
subsidy In United: States Bonds on Its Has at coca,
pleted and accepted, at the average rate ol abeot
f .'S.500 per mile, according lo the dltlioaltles enooojt
tered, fnr which tbe Osvornmest takes a seooad Ileal
as secnrlty. .Whether subsidies are given to any ethr
companies oi not, tbe Government will comply wills
all Its contraots wltb the Union Pao.no RallroA
Company. Nearly tbe whole amonnt of bonds ta
which the Company will be entitled have sUreadr
been delivered.
FIRST MORTGAGE B027D3
AT PAR.
By Hacbartor, the Oompany Is periulltel I o Issue)
lis own FIRVT MORl'iiAdU BOND4 te the Sam
amonnt aa the Oovernmeut B inds. AXO NO alORB
Tbese Bonis are a First Mortgage upoa tbe entire)
road and all lis equipmeuta.
THKY HAVK IIIIRTT TEARS TO RUN, AT
SIX PER CENT., and both
PRINCIPAL AND INTEREST
ARE
PAYABLE IN GOLD.
Such securities are generally valuable In proportion
to tbe length of time they have to rnn. Tbe longest
six per cent, gold Interest bonds ot the United States
(tbe 'Sis) will be due In 12 yesrs, and they are words
112. If they had no yea s to run, they would standi
at not lees than 126. A perfectly safe First Mortgage
Bond like the Union Pacific should approaoh this rater
Tbe demand for European investment Is already
considerable, and on the completion of tbe work wilt
dunbtless carry Ihe price to large premium.
SECURITY OF THE OOND8.
It needs no argument to sho that a First Mortgage
of Ofl per mile upon what for a long time must be)
the only railroad connecting the Atlantio and PaotOo)
States is riBircnv s Koran. The entire amount
of tbe mcrtgpge will be about ,000,t00, and tb
Interest il 8'X,coo per annum in geld. Tbe present
currency cost or this iuterest Is lesj thau t2,CO0,0O0 per
ant urn, while the gross earnings of the year 1868
FROM WAY BU81NKS8 only, on AN A-VKR.AOJB
OF LEK8 THAN 700 MILES OF ROAD IN OPERA.
TION, WERE MORE THAN
FIVE MILLION DOLLARS.
The details of which are as fallows;
From Passengers - ..-M..tl 2408
- FrelKt)!. - . .04.),tvlt)
" KiprtbS ... 6l.4itt
M Mails ................ ................. l36liaN
MlacellanwHih ... . Uliiiin
" Uevbrument Uuaps,... 10 1 077 -TV
freight 44B;4to-KK
- Coutraoton' men .. niH,irti
" material. W8.4a6
' TotaI. from c,i-l
This large amount Is only an Indication of the 1m
metse trallio that must go over the through line In a
few months, -when tue c eat tide cf I'aciOn coast
travel and trade wl l begin, it is estimated that tbla
business trust make the eaxniu f the road from
F1FTAKN TO TWENTY MILLIONS A YEAR.
As Ihe supply or these Bonds will srn cease, par
tits wbo desire to lnvtat In them will find It for their
Interest to do so at once. The price tor the present la
par and accrued Interest from J An. I, la currency.
Subscriptions will be received in Philadelphia by
DE HAVEN & BR0.f
No. 40 S. THIRD Street
WM. PAINTER & CO..
'o. 3C S. T1IRJ Street,
And in New York
AT THE COMl'AXrs OFFICE,
No. 20 NASSAU Street,
ASD BY
J. J. CISCO fc SOX, IMXKFIUS,
No. 09 WALL Street,
And by tbe Company's advertised Agents
throughout tbe United States.
Bonds tent tree, hot parties subscribing througnr
local agents will look to tbem for their safe delivery
A NJB.W PAMPHLET AND MAP WAS ISSUKO
OCTOBER 1, containing a repjri of the progress of
the work to that date, and a mors complete state
ment In relation lo the value of the bonds than caa
be given in an advertisement, whieh will be sent free)
on app'lcation al the Company's oaioea, or to any of
the alTrtiAd atents.
JOHN J. CISCO, TREASVBEB,
NEW YORK.
Jan sr.if,. IJthala
BOARDING.
AFURN1SHKD StCOSDSTORY ROOM TO
l-t, with board. Belerence required. A only
No. 5 8 N. ELEVENTH street. 2 U 61
AT NO. 1121 G I HARD STRERT M&Y BB
obtained rornlshed aud unfurnished rooms tor
loJging. Board, aUo. u desired. s 1 II
HATS AND CAPS.
0
JOSE 9, TEMPLE St, CO.,
P A S H IONABLK HATTERS,
No. SA 8, NINTH Street,
First door above Ubesnut street. 4 ft
WAnBCRTOS'3 IMPROVED VENTI
lted, and easy-rJttlng Dress Hats (patented)Jai
n ih irr.Druvwl lashlons of the season. CH1U.
NUT btrees. next door te the Post Ofnos. 11 1 6
INSTRUCTION.
I. g a E G O R r, A. M.
CLASSICAL AND ENGLISH bOHOOL,
No. no MARKET btreeb liUm
VIS IMPORTANT!
BEAUX MEU13L.KS.
pour Salons et Cbambres a Oouoher,
ArrftBses pour Kxposltlon dans Appartement
Oarnls et Couverta de Tapis,
CEORCE J. HENKEL8.
EI3ENI3TE, 2 1 Bmrp
CSiN UT filTflEIIT, au CotU de Ijuio.