THE DAH.T p-vTjNINQ TELEGIIAPH PHILADELPHIA, TIIUIISDAY. FLBKUAIIY 25, 1869. SriRIT OF THE PRESS. DITOBIAL oriJIIOM or YM LBADIHO JOJRSAT,B troa cpRBBrr to run compiled "Tsar DAT fob tb mntmt tkliwhaph. TUo Heniite ninl llic Toi.urc-i!-Onicc Law. jfrom lh4 A. Y. U. ruUL A radical caucus of Ih HnaU baa deouttfa nvon Uw postpoiiMiuuut of the r.peal or modi Bon of th Teimr-of ()ffi, law till the 4th of Maxoh. Huoh Jea.iinK Republican" of the Senate aa Fosseudwn, Suaruiau, ami Morton pluaded earnestly for the npHl aa a .ImpWi iueftflure of Justice to the President elect; bat It appears that VViUou aud Sumner, of Massa ohuaette, gained their point by parading before Ue Startled Bouiheru "oarpet-baRgerH the ohoet of Andy Jouuhou. It waa true that the reetriotiona of the exiting law, whloh hai kept Johnson on Ma good behavior, were not needed for Orant; but Btill, looking to the future, beyond Urant, some inodilloationa of the law would be wlaer than its absolute re peal. 15nt inasmuch aa if a bill amending the law or repealing the law were sent up to Johii Bon he would seize the occasion for one of uih Vlllanoua lectures to the Hnate, Wilson would postpone the subject to avoid this satisfaction to Johnson. And so, upon this childish pre tense, the oaucua voted to pass the subject over to the new Congress, when Johnson will be out of the way. Uiatrust of Urant Is the real explanation of this proceeding. Wamuer has no faith in Urant, Wilson lollowa in the wake of Sumner, and Massachusetts rules the radical ring of the Senate. It is tuna decreed that before (Irant la releaned from the shackles with which Congress tied up Johnson he must show his hand, define his position in his Cabinet and in his inaugural, or in hia initial message to the pew Congress. Nobody knows what the Cabinet ot Urant la to be; nobody knows what his iuaugural will be; aud it is not expeuted that it will be anything more than a few appropriate and suggestive general remarks on the political situation. But the first thing after the organization of the new Congress on the 4th of March will be the appointment of a joint committee to wait upon the new Presi dent, and inform him that the two houses are organized for business aud ready to reoeive any communication he may have to make. What answer will the new President make to this customary and direct application from Congress for his views ou publio allaira ? The Senate, in postponing the consideration of the bill in question, say, "Let ua wait and see. If he is with us, all right; but if he be against us, we have him. Lei the oracle speak before We bow down and worship it." l!ot the simple question is whether the new President or the Senate shall be master over hia department, or whuther Grant shall oooupy the executive status of Lincoln or be put in the straight jacket of Johnson, lie will, most probably, find himself on entering the White House in the position of Johnson. If bo, hia proper answer to the committee from Congress will be that he has no communication to make to either house for the present, exoept to sug gest the propriety and expediency of a repeal of the Tenure-of-OUloe law. Having in the meantime requested the Johnson Cabinet to remain in their places for at least the one month Btill acoorded them under said law, let the President await the Issue of his suggestion to the two houses. If they fall back upon their dignity, let him stand upon his aud the rights of his cflioe, and make it, if they please, a question of endurance on masterly inao tlvity. Let him resolve to "fight it out on this line if it takes all summer," and the Jaoobina of the Senate will soou, from the Outside pressure, be compelled to surrender. It la well known by the Senate that Gene ral Urant desires the repeal of the Tenure-of-Oflioelaw; that he withes it in order to have hia handa free in the great contemplated work of retrenchment and reform "in a faithful collection of the revenue;" that he whhes to be able, in the absence of the Senate, not to suspend, but to remove incompetent or un faithful officials, without being compelled, like Johnson, to give his reasons in every oase or in any case to the Senate. There are Senators, however, who have certain cousins and nephews and other favorites in office aud out of ofiloe to look after, and with the Pre sident under the thumb of the Vice-President, aa the head of the Senate, these people may lie saved or provided for. Under the existing law, so applied, the administration will be subject to the trading office cliques of the Senate, and will be powerless for retrench ment or reform. The first and main purpose of General Grant therefore, on the outset, should be to suggest the repeal of this crlpplintr and demoralizing Tenure-of Office law. Upon this issue, as in volving the hiehest publio interests, we think be oan cheerfully reconcile himself to John Bon's Cabinet for a mouth or two, from Seward down to Urandtatner Welles; and to the policy of masterly inactivity, likewise, iu reference to his foreign missions, the custom houses, Internal reyenue offices, postmasters, district marshals, attorneys, and everything else. Doubtless, however, the experiment in relation to the Cabinet would be tnllicient. Let the Presidentelect, then, on the 5th of March, in answer to the committee of Congress, say that, as under the Tenure-of-Oillce law the members of the Cabinet of Mr. Johnson are entitled in equity to one month more in office, be baa requested them to hold over for that period, subject to the repeal of the law, and that iu the interval he will have no special communication to make to either house, and the result will be the prompt passage of ltutler'a bill. Sujh an achievement in the interests of the Government would be hardly Beoond in importance to the capture of Port Uouelson aa the 11 rat victory of General Urant in bia new position. Let him try it; for upon this isaue the country is Heartily with him. The Suiate and Kemovals from (Wlce. Prom IM N. Y. Times. Why does not some Senator bring in a bill in abolish the office of President ami declare the Senate, or rather the dominant party ma jorlty of the Senate, to be the executive power In the Government I It would certainly look better to do this than to seek the same eud by piecemeal legislation aud by practical con struction, as the Senate is now doing. The Republicans of the Senate met in oaucua ou Monday to regulate the future oonduot of the Executive fepartment oi ine wovernmem, and adopted the following resolution: itMnhrL Thiit In the s use of Hi Is cuocumio Hermlor sUoul.i fclgu recommendations looillou for any ierou ui of urn owu Htale, excepting Territorial uppoiutnunteupou wuuue continua tion lie may be culled to aoi." "Signing recommendations to oflloe" is an Jnnooent-looklcg phrase, but it meana dicta ting lnnolntmeuta to office, for when a Sena- r wnmmenili an appointment the Preaident is expected to make it, under penalty of being assailed aud treated aa recreant to his duty and traitor to his party. Resolving that Senators should not thus make appointments outtlde of their own States, involve the doo-- thatther are to' control all appointmenta within them, ftnd this Is the doctrine which the Senate intends to praotioe. The Republi cans in the Senate intend to control General Uiaat's appoiutttjuta to oi&oe 'the Senators from raoh State taking charge of thoM within i that Slat. Th refnital to repeal the Tenure- I of Office law, which was passed solely boaue the President aud the Seuate were not in po litical sympathy not being of the same party and the obstinate maintenance of tbt law, row when the two branches of the Govern ment are iu sympathy, aud when there is no pretense of a reason tor it based ou any differ ence of political views, Bhows this oouolu ftively. It la designed as a tuxajure of coer cion as a means of inducing General Graut to surrender that portion of hia executive functions which Involves the appointment to office into the hands of the party majority of the Senate. We have Already more than onoe shown bow fatal such a course would be to all the hopes of reform in the lvil service whloh General Grant's election haa inspired through out the country. But the change proposed would also destroy everything like vigor and efficiency iu the Executive administration of the Government at all times and nnder auy circumstances. It ia not possible for a large body like the Senate to perform Kxeoutive dntitts with efficiency and suooesa. The ex periment has often been made, and haa always failed, as it always must fail whenever it is tried. This whole subject waa debated with great ability when the leading administrative departments of the Government were or ganized, and when a direct attempt was made to require the advice and consent of the Senate to removals, aa well as appointments; and it waa maintained by Madiaon and by all the ablest and soundest men of hia party, and de cided by Congress, that as the duty and re sponsibility of executing the laws devolved exclusively upon the President, it followed of necessity that, in order to perform It, he must have the prompt and summary power to re move incompetent, corrupt, or inefficient offi cers, for causes short of official misbehavior in the legal sense. To take that power away from blm, or to hamper him in its exercise, is to destroy and render impossible the prompt ness and vigor indispensable to a proper per formance of executive duties. Thia ia precisely what the Tenure-of-Offioe bill does, its original enactment was justified solely by the plea that the political hostility between President Johnson and Congress ren dered their harmony of action impossible, and maae n oertain that the President would use this power, if left in hia hands, in hostility to Congress. And yet, even iu this oaae, Its practical operation haa been of doubtful utility. As a matter of fact, more corrupt aud dishonest officials have been kept in office than have been kept out, in oousequeuce of it. Senators have used the power it gives them for the fielilbh and dishonest purpose of keep ing their own personal or political frieuda iu office, rather than with any retard to the publio good; and so they will continue to do, so long as it ia suffered to stand. Not a single instanod has occurred since it passed in which the Republican majority of the henate have re moved a single mau of their own party, no matter how llagraut hia corruption or ineffi ciency. bo long as this Jaw Btanda we shall have a feeble, lax, and inefficient adminiatiation of the civil service, no matter who may be Presi dent. It is utterly impossible for such a body aa the teuate to investigate, with intelligence and to any purpose, the reasons for the re moval of a public officer; and individual Sena tors will alwaya be too much under the con trol of personal interest and favoritism to do it farly, even if it were possible to do it at all. If they are to aot iu the spirit of the caucus resolution and "recommend" the Presi dent's appointments, what possible chance will there be of securing their assent to the rimtii al of those same appointees ? 1 he whole thing is preposterous and ab surd. It deprives General Grant of all ability to do the very work which he waa elected to perform, and which the people expect at hia hands the purification of the publio service from the corruption aud imbecility which have disgraced and degraded it so long. If the Senate had any proper sympathy with this demaud of the people, and any due sense of the necessity of this great reform, it would repeal thia obstructive and unwise law, aud leave to Gen. Grant the means of performing the duty Imposed upon him by the Constitu tion, to "take care that the laws be faithfully executed." The Muminotu Frauds. Prom the jV. Y. Tribune. Did you ever know an active Democratic politician who either proposed or urged the elleclive Drevenuon vi iiuuuwuv vvuuii r We preBB thia question, because tue country ia full of sleek, respectable, and superficially pious villains of the class Shakespeare had in his mind when he maae "Lady Macbeth" say reproachfully to her cowardly, shilly-shally husband: "Thou wonldHt not play false, And yet wouldat wrongly win." These men thoroughly know, and have long known, that the Democratic vote ia sya tematically swelled, especially in their Btrong- lioidB, by the ballots ot non-residents, minora, aliens, "repealers," ana others not lawfully clothed with the right of suOrage that Repre sentatives in Congress are chosen, and States are carried, by these frauds, aud that their engineers are liberally rewarded therefor with "the spoils of victory." Thua waa Heury Clay beaten in It'l l, being defrauded of the Klectors from New York aud Louisiana; thua waa General Grant cheated out of the votes of this State and New Jersey in 18U8. Ilia ftiends in each polled more votes thau they expeoiea ai leusi uuu more in JNew Jersey, and nearly yn.OOO more in this State. We had carried this State against the most despe rate ellorta of our adversaries iu 18G4. aud again in 1800, polling iu either contest lesa 1 than 370,000 votes. We felt confident of polling 4,000 last fall in thia city, and over -100,000 in the State; aud this, with only the usual cheating of teu to twenty thousand by our adversaries, would have sufficed to insure the State to Grant aud Griswold. But the Democratic managers were early apprised that no ordinary amount of cheating would Eerve their turn that, to take the State from General Urant, they must cheat by tens of thontauda where they had formerly cheated by thousands. So they began sea sonably the L suing of bogus natuializaliou certificates by the ream, aud scatttered these broadcast over the S:ute aa well aa city, aui over New Jersey as well. We personally know decent, quiet Irish laborers, living iu a sober rural township, and working for lie publicans, who were each supplied with a naturalization certificate by a Democratic wire-worker, though neither of them had been long enough in the country to entitle him to naturalizatlou, neither had declared his intentions, and neither left the farm ou which he worked to take any oath or make any obligation whatever. We know of in stances where Germans, having just joined a Grant club, applied to it for naturalizatlou, but, after due inquiry, were told that they wt re not yet entitled to it; whereupon they went over to the Beymeur Club, and were "put through" without hesitation. We know that there are not living in the Sixth ward of thia city bo many legal voters in all by oae thousand aa the majority returned therefrom for Seymour and Hofiman, under the manipu lation of two well-known DomooraAio politl- clan. Bo we might go on for hour; but to what end t It is just as well known among the Democratic politiuiaun of thia city thai thi-y swindled General Grant out of the vote of this State aa that General I. .. ren dered to blm at or near Annoin.ttnr n.mrt. House. They couoooted the nini- devised the means; ther euinlnvurl tl. n. lalns (many of them under iudlntiiiHnt an, I in dread of being brought to trial); who swore lalsely In order to give a Bhow of legality to a part of their naturalization frauds, who per- All.... ' 1 . II - . - ' pvu uiueic wuu wuum not swear falsely that they were entitled to naturaliza tion, but wiuld register and vote on pspera obtained through the perjury of others; and they hired aui nal.l t).u "repeaters" who began to vote early ou lHn. tion morning and kept on voting till the set of sun on names registered fraudulently aud with deliberate intent to cheat the people of our State out of their choice. These are facta now authenticated by mountains of testimony, including that extorted from several of the perpetrators of this gigantio crime. The preg nant negative proof of the same faota aff,irdd by those who declined or rofuaed to testify is even more Indubitable. He who swears may possibly lie, even to his own damage; but he who refuses to swear, with the prison staring liim in the face, makes a virtual confession. which cannot be refuted nor explained away. in me lace or such facts, lie who plea la, "There is cheating on all sides." betravshis complicity in the fraud. We might name the men who, being Whiga or Republicans, were zealous advoeates of efficient registration aud other safeguards against cheating in elections; dui, becoming at length Democrats, never more lisped a word in favor of such legisla tion; while othera who, so long aa they were democrats, wanted nothing dona iu the pre- miaes, on becoming Republicans at once joined in the demand that fraudulent voting or counting be precluded and punished. No man among ua is so iguoraut aa not to know ou which tide fel iiy and vice naturally range themselves, nor which party would protit most by wholesale illegal voting and repeat ing. We are confronted by a comprehensive brotherhood of crime, and must comprehend and act accordiugly. Let there be no ad journment of the Forty-first Congress till all shall have beeu done that law can do to save ua from future repetitious of the stupendous villainy that gave the electoral vote of New Yoik to Horatio Seymour aud placed John T. Hofl'mau iu the station formerly henored by John Jay and the Clintons. Holirc incut nf 1'rcHidrnt Joliusou. Prom the JV. Y. World. If it be Eeemly to pay a parting tribute to Mr. Johnson ou his desceut to private life, this ia perhaps as suitable a time aa could be selected. The preparations for the inaugura tion of bis I accessor aud the formation of the new Cabinet will presently absorb the public interest; aud by the time that adulatory tumult ia over it will be difficult to fix atten tion upon the plain Tennessee citizen. Hia administration will have passed from the domain of journalism to that of history. The horror and funereal pageantry which attended Mr. Johnson's sudden acoesaion cast forward a dark aud blighting bhadow upon his whole administration. Iu its earliest aud most critical mouths he had no more liberty of actiou thau in its closing period. Dunng those timt months, the real President lay in Mr. Lincoln's coffiu. His tragio eud had given him the rank of a martyr, and a martyr's empire over the smitten affectious and sympathies of the Republican party. Lincoln was more powerful dead than Johusou living. The Btate of publio feeling forbade l'retident Johusou even to choose hia own Cabinet. Mr. Seward lay disabled by wounds from an assassin's knife; Mr. Stauton had put himself impetuously forward as the avenger of innocent blood; aud the new Preaident waa borne helplessly along on a great tide of emotion which would have overwhelmed as treason any seeming want of reverence for the freshly canonized martyr. No combination of circumstances could have been more unfavorable to the free exertion of Mr. Johnson's faoulties. He waa from the first hour a President only In name. The badges of nubile mourning, displayed on every dwell- icg In the land, were aa poteui an mieraici oi . . . . - . . . . . . administrative changes aa the lenure-oi-umce aot became afterwards an interdict against which the President had not even the poor privilege of protesting. He waa aa powerless as a bubble tossed upon the heaving wavea of the sea. He waa destitute of every source of inlluence which belongs either to a President or to a party chief. He had never been a Re publican; up to the beginning of the war he had fought that party with characteristic vigor and virulence; he had never afterwards professed to be anything but a Democrat; he was selected for Vice-President merely aa a lure to eaten Democratic votes; bo that when he was unexpectedly lifted to the Presidency, he had no natural hold upon the confidence of the Republican party. The party did not feel that it had requited an obligation in electing him, but that it had gratuitously conferred oue. Mr. Jobnton therefore came to hia new office with' out any of the inlluence of a party leader; and so sensible was he of thia as soon aa the first llutter of his Budden and dizzy elevation had passed away, that he bent hia thoughts furtively, at first, and without avowing it to the formation of a new party in which his former Democratic associations would stand him in some stead. Hia official lull ueuce waa almost as Blender as hia personal. Kvery officer in the publio service had beu appointed by the canonized martyr; most of these would have been retained if the martyr had lived; every oue of them waa a Republican; and Mr Joliusou would have gained little by merely substituting oue member for another of a party with which be had never been identified. That party had not elected him to distribute the patronage; it had elect (I Mr. Lincoln for that among other purposes; una the offices were generally in the same hands in which Mr. Lfucolu would have continued them. Mr. Johnson durst not affront the memory of his predeces sor, lie durtit not presume to overrule a party to which he owed obligations, but on which he bad no claims. He durst not throw hiinrtlf upon the Bu;port pf the Demoora'lo party, firnt, becatiHe it whs a minority, and theu because, even if it had beeu a majority, two years and a half must elapse before a new Congress would assemble In regular session Mr. Johmon was thua bound hand aud foot. He could neither leal the Repnblian party, nor safoly break with It, nor ad Independently of it. An administration beuiuiiintf with HUch omens was foredoomed to failure unlosu It Fuecnmbed to the Uepubllcau party, or could uivuie ii. The policy which Mr. Johnson actu tll II adopted was bis own, only by hia iirov It descended to bim from Mr. l.liiuolii, lilii bia Cabinet. If Mr. Lincoln bad lived, It is doubtful whether even he could have car ried that polioy in opposition to Connrii; nut he would doubtless have made tun at tempt, lie would have brought luto tl Birupgie lue roniidenoe of the party, Irrndtly testified by hit re election: consummate mill tioal cunning; and a patient, forbearing spirit wuicu wooi'j nave suunued an open rupture. lie had hosts of Uepubllcau frlendd. He would have beeu morally aud legally free to wield the Federal patronage in favor of his policy. Moreover, he would have begun hia work in a period of congratulation and good feeliug consequent on the successful olose of the war. He would not have been obstructed by such a fierce outbreak of exasperation as waa caused by the assassination, and inflamed by the trial of the conspirators. But with ad theae advantages none of whloh were pas Bested by Mr. Johnson it is not probibU that Mr. Lincoln could have brought Con grets to scoept his method of restoration. In the preceding summer he had killed a recon struction bill by a pocket veto, and hia pro clamation explaining hia course bad been harshly dexouueed in a manifesto bigned by Mr. Wade and Henry Winter Davis, one the chalruiAU of the Seuate, aud the other of the House, committee ou thi subject. In the pre ceding winter he bad exerted all hia influence to get Congress to indorse the new State gov ernments in Louisiana aud Arkansas, and ha l failed. Congress would have treated him, however, with more consideration than it did Mr. Johnson. It would not have decided against him in a caucus without deigning to wait one day and listen to his message. The result would probably have been a compro mise, in which the President would have yielded something and Congress something. The country might have beeu spared the long and exasperating muddle, and the final oppressive rigor, of the Congressional policy. Air. Johnson waa right iu principle, unan swerable in argument, and be exhibited in domitable firmness and pertinacity. But he had neither prudence nor foresight. The heat aud acrimony into which he waa provoked by op position were unfortunate. When a President la compelled to differ from a party with which he cannot afford to break, he is lost if he dona not keep up an appearance of defereuce aud moderation. The more unacceptable hia main object, the more oareful he should be to strip it of Irritating accessories, lie should proceed always by dexterous llauk mwemeuts, aud never attack in front. JVlr. Johnson waa im peded by his very virtues, by hia direct ness, his sincerity, his iullexible adherence to principle, hia uncompromising honeaty,of purpose. If he bad been the geueral of an army, he never would have made a feint of retreating to draw the enemy into an ambush, or to gain more advantageous ground. The ceusequence of his want of taotics waa, that he was uniformly beaten beateu at every point. In each successive struggle he haa been forced to submit to more objectionable measures than he had previously opposed The Republican party is more indebted to bim than it could have been to the merest tool and creature it could have elected in hia place. The party would never have dared to go to Buoh monstrona lengths if thia obsti nate wrangle had not enabled its leaiersto nurse the spirit of vengeance, and lead the party on, step by step, from one degree of passion ana lolly to another. it waa the original design of Congress to Keep the South out until after the l'residen lial election. The Constitutional Amend ment was intended to be rejected; provisions were deliberately put into it which Congress knew the South would refuse, in order that the question might be kept open and made to draggle, and an excuse be furnished for more stringent measures. Aa thinga have turued out, the South would have done better if they had accepted that offensive ameudraent. Not only has that been forced upon them, but military despotism and wholesale negro suf frage bei-ides. iiy acoeptlng that amendment, they might have foiled the design of CongrHsa to prevent the whole Southern electoral vote from being given to the Democranu oandi dates. The proposed reduction of Represent atives could not have taken plaoe uutil after the next census, ihe Mates would have had their full electoral vote, aud they would all just as certainly have gone Demo cratic with the limited white disfranchise ment as without it, the negroes being ex eluded. After the election of a Democratic administration, means could easily have beeu found to circumvent or nullify the extorted, unrighteous amendment. When that amend ment was submitted to the States, Mr. John eon bad become the pivot, the leader, the rallying-point of the opposition, which oould preserve its unity only by yielding to his direction. He was not astute enough to see that, at that stage, Congress oould have been most elleotually thwarted by au acquiescence which it neither expeoted nor desired, aud which would have arrested its further pro gress in the road of tyranny. If Congress had not stood by lta own proposal after it had been accepted, it would have lost the support of the people, if it had stood by it, every Southern btate would have been securely Democratic in the Presidential conteBt. While we cannot regard President Johnson either aa a wise statesmen or a skilful poll tician, we must concede that he has been placed in a position bo trying and difficult that no address or abilities oould have ap peered to advantage in it. We must also pay a sincere tribute to his personal character. which is less distinguished perhaps by the amiable than by the respectable virtues. He Is a man of settled convictions and stubborn fidelity to them. He cherishes a just aud deep reverence for the Constitution of his country. He has never been accused, never suspected, of usipg any publio position for purposes of private gain. With a Democratic Congress to support him, he wouia nave maae a judicious aud Buocessfni.thougn probably not a brilliant. administration. His talenta are better fitted for debate; aud if, after a needed interval of repose, he Bhould be returned to the Senate from Tennessee, he will be one of the moat important and useful members of that body a perpetual thoru in the side of the radicals, and the fjarlesa champion of houest legislation. PROVISIONS, ETC. MICHAEL MEAGHER & CO., Ho. 223 South SIXTEENTH Street, WllOLKHAUC AND ItKTAIL DKAXK1W IN rilOVlNIOftN, OIHtKUN, A Bin NANU 11, ATI. run rAJiar vsk. TKIUUriKN IISI'KK DOZKM. U GROCERIES, ETC. TJtESH FltUIT IX CASH. in: AC 11 KH. riKArrum, niu., GRKKN VOU.N, TOM ATOM iHKCH PKAB, MObHKOOMH. AMPAUAUUM. ETC. Kt'O. ALI1KUT C. HOIiKKTW, Dealer In Flue (Jrocarlen, II 7rp Vot. KUCVUHTtL aud VI Wit btreuU. JEWELRY, SILVERWARE, ETC. ESTABLISHED 1823. 1 HOLIDAY CBKNEMTIt. WA'lt'lIKH, JKWILRY, IXOUBH, biLVKHWAKE. and (7. W. RUSSELL, ti M)ftTU SIXTH STKEET, PHILADELPHIA Ao. FINANCIAL. Union Pacific Railroad io4o mxjin WOW C03IPLETE1. The First Mortgage Uonds, IIAVINU Stf YEARS TO HUN, rriiiciiuil and Interest Tayublo in Gold, WE AUE KOW SELLiMJ AT PAR AIND INTEREST, OrexcbPiiglng for (JOVEKNMENT EEUUlU TIES on the folio wlnn terms: Kor 11000 1H8U, we pay a dlfferonoo of J13H7 $1000 1K02h, we pay a difference of - 14102 II0U0 lHGls, we pay a dllfurenoe of - 107-D2 81000 lSfos, Niv., we pny a dlfl. of 12f68 $1100 1010s, we pay a difference of. .. 90 42 (10L0 1805s, July, we pay a difference of 100 42 $.000 )HH7,.Iulv, wa.imT adifferHDceof 101 17 $1000 UeSa, July, we pay auirJeienceof 101-17 Or In proportion, as the market for Uovern- mcnt Securities may fluctuate. VM. PAINTER & C0.f JJANKE1LS AM) UEAI.EIW LN UOVEIH BENTS, UOEl), ETC., !o. 30 South THIRD Street, 219 PBILADKfjPHt A. UWIOIU PACIFIC RAILROAD FIRST MORTGAGE 30 YEARS SIX TEK CENT. GOLD BOK3DS, FOR SALE AT PAR AND ACCRUED INTEREST. DEALERS IN GOVERNMENT SECURITIES, GOLD, ETC., No. 40 South THIRD Street, 81 tl PHILADELPHIA. PHILADA. AND READING Bl 6s, IllKK f ltOM Al l. TAXi:s. A M)iull amount tor sale low by DliEXEL & CO., No. 34 8outh THIRD Slroot, 112 2w riltLADKLPIIIA. LCDYARD & BARLOW Hare HeinoTcd their LAW AND COLLECTION 0FI1CK TO No. 10 South THIRD Streot, PHILADELPHIA, Aud will continue to give careful atteutlou to collecting and scouring CLAIMS ttiroutcUoul ine United Htates, Bilitsh Provinces, and Ku rope. Bight Drafta and Maturing Paper collected at Bankers'. H8i!iL pm S. PETERSON & CO., Stock and Exchange Brokers, No. 39 South THIRD Stroot, Members of the Ken York aud 1'liUitdoU lhla Stock and Uold Hoards. STOCKS, BONUS, Kto., bought and tld OU ooiuutUwlououly aielthiroiiy. Itn FINANCIAL. KKINC HOU8 Of ayCoqke&Qx Noe. 112 AJiQ 114 Soutb THiKJ) Bireet. PHILADELPHIA. Deuicn In bll UuTcrumcnt Securities OW 6-208 Wanted In Exchange for Hen A Liberal Difference allowed. Compound In to-rent Kotos Wautttd Interest Allowed oa LrepoBita COLJLK4JTIONH MADE STOCKS bonaUt and aota on Oommlmlon. RpecbU boAlnc"! aocouiraodAilon rMenrea rat Udlea. We wUl rfcelv application fbr Policies of Lira Insurance in Um National Lit IomrtiiM Company of the TJnltetf B(w. Full Information given at our oflloe. llin GLENDIN1IIRG, DAVIS & CO., No. 48 South TIIIKD Street, PHILADELPHIA GLENLMNG, DAVIS & AMY, No. S NASSAU Si., New York, ISAMIEKS AND IKIUKEIM. Direct telegraphic communication with the Mew York Stock Boards from the L'hlladelphla Office. u BKJamison&Co. SUCCESSORS TO 1 I KELLY & CO., BANKKKS AND DEALK11S IN Golfl, Silver, ani Government Bonis, At Closest Market Kales. N. W. Corner THIRD and CJIESMJT Sis. Special attention given to COMMISSION ORDERS In New York and Philadelphia Blocks Boards, etc etc. 3 it im 1 1 . 'j- .i Dealers In United States Bonds, and Men bers of Stock and Uold Exchange, Receive Accounts of Hunks and Hankers on Liberal 'J'enns. ISSUE BlUH OF EXCllA-NUE ON C. J. IIAMliKO & BON, LONDON, B. MKTZLKU, 8. SOHN A CO., FRANKFORT JAMK3 W. TUCKER & CO., PARIS, And Ot her Friiiclpal Cities and Letters of Credit Available Throughout Europe. DRUGS, PAINTS, ETC. JOBKRT SHOEMAKER & CO., N.E. Corner or FOURTH and RACJG Sts., miLADKLPHIA, WHOLESALE DRUGGISTS. OiPOBTKBiJ AND MJLN UtfAOTCRKRa OJT YYhlta Lead and Colored FaLita, Pott Varnlahes, Etc AGENT& iOK THJB CKLUBRATEQ IKEACH ZINC FAINTS. DBA IJUta AND CON'S CM KRH LOWKHT FJLIC&M FOR CASH. 6TJPPLIKD At till CLOTHS, CASSIMERES, ETC. PANTALOON STUFFS! JAMES & LEST, HO. 11 MOBTIf IMl'VHD NTIIKIST, Blgn of the CJolden Ljtvmb, Have now on l:and a very larga and choice aort wul of all th. utiMr KtylM ot Fall and W Inter Fancy Citsslmerea l; THE MAKXnir, To which tbty hi vlu tUo attention of the trad, and o Ultra. UK8W AT WIKaMtLK AND K2JMIL. BRANDY, WHISKY, WINE, ETC. QAR STAIRS & IklcCALL, No. 126 WAl.NLT and SI liKAXlTE Ht., i.Mi'Oai'KKH or .trundles, W Olii, Olive Oil, Etc Ktcu, WI101 l.'M.K DUAL hits IX ruuK iiyi: WIIISKIKS, IX U ' .V It A y TA X J'A It). 4 11 HOTELS AMD RESTAURANTS. Mr. Ykrnon Hotel, 8 i Monument street, liahimorc, Kli'ti.utly Kuuilalicd, with unaurrmiiisl Cultln On the lluropcan l'lan. D. P. MORGAN. A NT MY 1 N 1) 0 W It ATTLER. for DwcllliiitM, 0r, NtAiuboUf (. revest lUMlluff mul HUnklng of tha Wla-' down l.y tun wliiil ur ulluir cuuimm, tlgUlnua Ui Mi.li. M-vt iil. IliawlnUauiliUi.llroiu euUirlua, cui.lly itttuolitnl, unit i'iHuii'oa but m alUtfT Kliiiu' to Jutluu it tl. iiuiiIm, I VII Oil llio Ooiioi wl Atfoul, a r. kosk No. 7i7 J AVNE Street, iiwu WrtvUr: nuJ Cuewnnl, u tl rmwiui niii.i.iiKiU. V; !v i " tl F" t