SP1JIIT OF THE PRESS. .pfnii onsiosg o ha mm Ma uokji! crow ctjbrbkt wruw com-msD sviibt PAT FOB TBH tVMTTirw TO.OB). Vora A If. T. Brrt'id. Th moment la appropriate for us to oon elder how we sUtd wl'U our commercial rivals across the water. Tut we are upon the eve of an exulting cHplomatio, if not war like, contest with Orrat Hritmn we have little donbt. The nn'ortnuate accrediting of Reverdy Johnson to the Con rt of St. Jatnea appears only to have opened the Alabama wounds afresh, aud Lai led oar people to caln reflect npon the wrongs and outrages committed against us when we weie strag gling for national existence. To say that the privateers which were launohed against us daring our war escaped from the interdiot of English law is only to argue that the boasted laws of England are a faroe; and so they were, in all that tended to honorable action towards ns during our Rebellion. The English people were almost a unit, from bootblack to lord, for the destruction of the republicanism of Horth America and this whole continent. Iw, then, could the laws be enforoed, when all England forbade their execution? .bog land, therefore, cannot expeot us to Judge of our relations with her through certain written bat dormant codes, bat, rather, through the national Impulse, which, for the time being, Bets all oodes aside. We have simply to base our whole future action upon the Alabama claims upon this idea, and settle the whole matter as if England had boldly deolared war against us, instead of striking, Spaniardlike and snakelike, without previous notioe. While settling the Alabama claims, there is another item to which we wish to draw the attention of our Government. This refers to the island of Nassau. It is a strategic point in the hands of England whloh, in oase of any internal or foreign trouble we may have, may do us immense damage. We well remember what a thorn it was in our Bide during our late war; how it swarmed with blockade runners; how it was virtually a point of aotive operations against us, ani how the South re ceived from it immense war supplies to assist them in the attempted overthrow of our Gov ernment. This island should be in no other hands than oar own. We require it as a picket post for the guarding of our Atlautio coast. The Alabama claims should not be settled without including this question. We must also indicate some policy with reference to Canada; for Canada was also a nest of conspirators and a base of operations against us under the almost open protection of the English element there. Who will give as a good war speech ia Congress upon the question of our relations with England f We want a speeoh with a solid ring to it that will wake them up a little on the other side of the water. Grant in the Wilderness Again. FVom the If. Y. Herald. . : Grant is in again. Me has plunged in rather than advanced with what the knowing oneB regard as "due circumspection;" but now. as in 1864. there is this great faot in his favor, that what was most necessary was that he Bhould benin. In 1864 Grant had the enemy in front posted no one on our side knew exaotlv where or how, his dispositions hidden In the shadow of a Jungle, and behind Grant the people were expecting of him only to go ahead and win. lie went ahead accordingly, and hf won not at onoe not in the way your hero wins in a romance, but after labor that might have worn the soul out of Sisyphus him Self. His suocess was splendid and complete at last, and filled the cup or tne nation's hope Only the other day he was morally in the same place: at the edge of a wilderness denser to him than the Virginia forest the wilderness of political nsage, routine, trickery, and in trigue, ail tne patns 01 wnion are neia Dy tne public enemy the politicians of every stripe, the Treasury rings, the lobby jobbers, the nigger ahriekers, and the whisky thieves. The thing the country had made him Presi dent for was to go ahead, and he went slash ing into the Jungle. They say his first step WM a blander. The first step is to be judged when we know the last. The first step has brought him into the midst of the fight. In other times blundering was generally done with when Grant got there, and the step into the fight was one fruitful of promise to the country. We anticipate the best results from the simple faot that Grant is doing what he was made President for going straight ahead where the politicians stand in his way. Onoe this grand action opened, who oan doubt how it will close when he remembers that what was begun in the Wilderness was finished at Appomattox Court House T Agreement on an Important Point. fVotn the JT. T. Timet. ' The popular judgment on the debt question and the question o( resumption has been ad mirably expressed by the President. Main tain inviolate the national eredit, but while respecting the rights of the creditor, let not the interests of the debtor be overlooked. Neither honor nor expediency requires that the national energies be overstrained to pay obligations in advance of their maturity. True wisdom, meanwhile, dictates the reduc tion of fiscal burdens, and such au acquisition of financial strength as shall by natural agen cies restore specie payments. When green backs are as good as gold the management of the debt will be comparatively easy; but re sumption rum t come through the growth of trade, the development of industry, and the prudent administration of financial affairs not from enactments conceived in the exclu sive inteieat of tbe creditor class, and the operations of which would be fraught with disaster to all else. These are the general ideas to which the President has given his sanction, and they are in harmony with the action of the House In the late session. So far as the debt is con cerned they accord literally with the terms of the Publio Credit bill, as reported from the final committee of conference, ice nrst section, after solemnly pledging the faith of the Gov ernment to redeem its bonds with coin, sets forth this Important proviso: "But none of said Interest-bearing obllga. Ilnny nr. I. n I r ul V li U O. Htlttll bt ualiioj l'c)- rinfiiiVd before maturity, unless at euoh. lime United States notes shall be convertible Into coin at tbe option of the balder, or unless at snob time bonds Lt tbe United States, bearing a lower rale of Interest tban tne bonds to ba vofitonivr. inu be sold t par In coin. And the TTnllorl KtKH 111 SO HOlOHiDlV OleJliOS ltlfrtlttl to make p.ovlslnn. at the l arllest practicable period, for redemption of United Suites notes in oolu." That is to say, there shall be no preoi pltanoy in the matter of reduoing the debt. To do it is a duty not to be evaded, when the country Shall be in a condition to fulfil it; but it is not at present in suoh a oondition, nor will it be al and natural process, the 0.r,rirrl be reached. When a state, of Lnafaaaa rtrosDerltr be again attained we shall be ready to talk of paying off debt. n-111 lo l,a nnlut. True, by the seotion we have cited, "the United States also solemnly pledges Its faith to piake provision, at the earliest yraoUoU THE DAii.i EVENING TEL EG RaPH PH 1 LAD ELPHIA, WEDNESDAY, rrjcmtnt, for redemption of United '"'',rt8 notes in coin." Hut tbwr is in this nothing at variance with th douiriua of a gradual ap Tioach to resumption, a dlhtiDguiahed from those arbitral aud huittnl prooesnes of whloh tt-cator Sherman's bill is a conopiouons tltaa iratinn. Tlir bft provision wbioh oan be em ployed IS a lattbfnl collection of the revnu, a Ktriot aroonutabilltv to the Treasury for every dollar collected, ami the ftreatest practi cable retrenchment in expenditures," as a means of relieving the taxpayers and improv ing the condition of the country. On this essential point we belltive that harmony exists between the principles which General Grant aims at introducing into the administration of the Treasury, aud tbe purposes to whloh a majority in Congress are substantially committed. I of a I ffec'l The Alabama srUa1liiH and the Bri tish Tress. From the N. Y. Timet. The hopeless tone in whloh they speak of the Alabama negotiations indicates that the British press, for the"most part, despair of their future regarding Brother Jonathan, pos sibly, as a heady, intractable, and innately perverse or "contrary" young fellow, whose very waywardness bars the hope of reason able settlement. Even the London Times mournfully says, "We have done our best; we have gone to the very verge if we have not transgressed it of national humiliation." isut is this so r lias tne British Govern ment "done its best?" On the oontrary, it has been in the position for several years of vexatiously delaying settlement on ten thou sand pretexts and excuses. We grant that the British press and the British publio, so far as their voice has been beard in general meetings or otherwise, have mainly met the Alabama claims in the right spirit. And it is on this very ground that it has always appeared to us that, with suoh a national spirit manifest, the form of the treaty would hardly be likely to bar suoh a settlement as we desire. But when tne British press or publio affirms that "we have done our best," it is fair to say that "we" cannot say as muoh of the British Government, whioh is the only party officially known to the actual negotia tions, tor over tnree years tnat Government devoted itself, not to the business of paying, but to that of sell-exculpation. A man owes his neighbor a debt; and, with perhaps instinctive reluctance to pay, begins to show, instead, now unjust the claim is. His neighbor resorts to other means, aud, when the debtor is ready to pay, there is an additional settlement required of legal costs, or what not. The analogy is not perfect, but sufficiently so to explain the posit on of the British Government. At the close of the war, Mr. Seward presented the bill of damages caused by the Alabama for Great Britain to pay. The London Times and most other papers admit that their Government is respon sible, and if responsible now it certainly was then. Yet that Government, instead of pay ing, spent several years in showing why it should not pay. It thereby raised a variety of exoiting questions regarding "English recog nition of the Confederate States," and so forth, none of which were necessary to the payment of the bill. And when at last it consented to the arbitration of the . whole matter, it in no terms admitted its responsi bility lor tne debt. Now, it is generally understood that the very submission of the Alabama claims to arbitrament is, probably, in effeot, au admis sion of English responsibility for the Ala bama's escape, and, on that theory, we have supported the projeot of a mixed commission. Nevertheless, when it comes to a question of whether the British Government has "done its best," we must suggest that something a good deal better for it, for Great Britain and lor us. would have been to settle these claims at once, without raising a question implied all the time, we admit regarding British responsibility for Confederate recognition, which issue, when raised and urged, our people are quite as sensitive upon as the people of Great Britain. Earl Russell and Lord Stanley took the ground that it would be humiliating to make the formal acknowledgment of responsibility now discussed. But it was they who put themselves in that predioament. Surely it would not have been humiliating to pay for the damage of a cruiser escaping from their ports by their own laches, any more thau if we had had to compensate Spain for damages done by the Peruvian iron-olads which we suoceeded in stopping. The English press and people mainly concede that the Alabama's damages ought to be paid; it could hardly, tnereiore, nave Deen numtnating to pay them at tbe outset, without words, and without committing the nation to a position whioh may appear humiliating to withdraw from. The English Premier has found no difficulty in amending a "mistake" in the British view regarding tbe Rebellion, in a private letter to a inena in Amerioa, nor has Earl Kus3ell, at a public banquet te Minister Adams, nor in a private conversation to Mr. Johnson in which last the sins of the Government for the Alabama's esoape were laid upon the shoal ders of a sick and insane subordinate. Bat nothing of this concession of responsibility ap pnara iu me diplomatic correspondence or official documents; and hence we may insist 11 A . ... 1v ... . ... mat u is tne uriusn Ministers, rather than .brother Jonathan, who must be accounted re sponsible for that original delay of settlement which, we trust, sooner or later, and, at all events peaoeiuiiy, will come. ihe l'aruontd Criminals Defrauded by uruui. Prom the N. Y. World, Whether the pardons issued bv President Johnson daring the last hours of Lis official life weie widely iseued we doubt; but, if par dons of Jacob and Moses Dupuy were really issued in due form of law, as the administra tion organs all assert, voiilirmlng our own special despatches, and were sent by the President's order to Marshal Murray, or if pardons for Blaiadell, Eckel, and Alcock were delivered to them by order of the Esecutlve, we do not quite see how they are to be re voked, unlees the criminals reject the docu ments. The power of President Johnson in the premises is indisputable. His pardoning power was unlimited. For the pflennes par doned, the aocused are beyond the reach of punishment of any kind. Perhaps a pardon, like a deed, requires a delivery and accept ance; and President Grant or Secretary Wash burne may intend to claim that the pardons in the hands of Marshal Murray have not been delivered, and so can be withdrawn. Bat the criminals applied lor them, aLd in response they weie issued and sent to Murray as the person holding custody of the offenders. The contract between the President and the moving parties, aocording to the analogy of a deed, was complete when the former had dope the aot which set the latter free so far as the Gov ernment is concerned. BcBides, there iB no law better settled than that an aot within the jurisdiction of the President, lawfully done by him, cannot be revised by one of his successors. The con trary doctrine would give an endless succes sion of reviews and reversals, and there would be no security or stability of rights of pro perty, of liberty, or life. The Supreme Court L".s ceclded em and over fgnla that a heal department Las uo rlabt to r.viw tht sion of hi predecessor allowing a credit f'f't to correct so id 9 error of iyr nainnL. tu. n. But what dons Graut or Waihbarne or Ral lies know about the laivl k ttuftiuess Administration. from the A. T. Wond. It it a pity that Mr. Grant does not grasp the idt-a that the Presidency is not a djuailon, but a trust, and that its lunctions are, there lore, to be exercised not to muoh on personal preferences as with an eye slogle to tne good of the Republic So far, it would seem thU be regards the position as a oandy cornucopia from whloh he is to extract a sngar-platu for tbe good boys who have given him some of their plum-cake; aud accordingly it is that there is a keen point in holy Uu's reported jest, to the effect that John A. Griswold was not appointed "because he didn't subscribe enough." Thus it will be remembered that Mr. Stewart was out early in favor of the present unhappy occupant of the White House, bled libsrally for campaign purposes, and, even so late as tbe day before inauguration, was chief in that friendly delegation which presented Mr. Grant with a check for $65,000 and the title-deeds of the house that sum was supposed to have just purohased from him. Mr. Washbnrne's benefactions we all know. They could not possibly have been higher. They are those whioh a man owes to his creator. As for Mr. Borie, it is understood that his checks came so fast and full at the time of the October elec tions, when Pennsylvania, freighted with the fate of the Presidency, hung trembling in tbe balanoe, that Mr. Grant was lad to seek the acquaintance of the liberal Frenchman who has lust been remembered with the Navy. Mr. Hoar's contributions, air. uox's oontri butions, Mr. Creswell's contributions to this dona ion party do not precisely appear, but, if tendered, of two things we are sure: n ret, that they have not been forgotten; and, seoondly, were not refused. This latter appears from the singular aptitude of Mr. Grant for taking anything and everything but advice. If a horse, good; thank you. If a house, still better, and thank you again, it another bouse, donbly indebted. If a $65,000 oheuk, jast the thing ; let us have peace. Bat no advice. Rather have a horse. Ex-President Johnson did other than this. When, on his accession, a handsome carriage and fine span of horses were sent him from this city, he deolined to receive that or any other gift, deeming such procedure unbecom ing in a Unlet Magistrate; and yet wnat Mr. Johnson would not permit by inference, Mr. Grant openly manifests in deed, Mexieti. From the JV. Y. Tribune. The poet, statesman, or philosopher who originated the emblem of Mexioo has a better right to invention than most ol his compeers. The leopards of England are subjects of fierce controversy. Tbe bees, the lilies, tne imperial eagle, and the Ga'lio cock have been oritioiaed without end, but tne tnorny points or tne caotuB on whioh is perohed the Mexican bird and the serpent twined around mm, are so dearly founded in truth that they defy oriti cism. v rom tne day wnen Montezuma resigned bis feather circlet to tne lion baud of uortes, the paths of Mexican dominion have been thorny, and the serpent, ignoring the weak ness of the snake-in-the-grass policy, has been rampant and venomous. The last drama of the empire has hardly closed on the shudder ing audience of the civilized world, when the curtain rises to a fresh oratorio of horrors. For the credit of humanity, and as an instal ment of retributive justice which rarely mani fests itself in so singular a manner, Miramon and Marquez perished in tbe last massaore. Probably neitner 01 mem in tneir last mo ments thought of the thousands they had murdered, though the ghost of the surgeon (a civilian), called irom me peasiae 01 me wounded soldier at lacubaya wnose arm he had just amputated, and shot without trial, then and there, in bis shirt sleeves, in the square of the hospital, for tending Miramon's and Marquez's enemies, mi gut nave a moment spared them. But a greater thau either is left behind, and, though past the age of ordinary men. Is aotive to do mischief. Who, in Ame rica, has not execrated the name of Santa Anna r For years past, bis lite at the island of St. Thomas has been a byword. The snow hill walls whloh hemmed in his garden at the top of the higher of the two pyramids whioh dominate that harbor, looked on scenes of oriental splendor and debauohery which served to "point a moral and adorn a tale." It was known that the General carried with him on his enforoed retreat from his native country fabulous wealth, and the use he made of it was quite as unscrupulous as the means by which it had been raked together. He escaped immolation by the happiest aooideut during his last visit to Yucatan, though the tegjs of Amerioan protection was never invoked for a more unworthy cause. Clinging to li'e by a very thread, with no human tie, for his chil dren are almost incapable. Santa Anna is again using his wealth for the disturbance of Mexico and greedily stretching out a paisied hand for the glaive of armed power. Hap pily foreign, intervention has been proved so latal a mistake, its results have been inva- liably so disastrous, that all attempts in France and Spain have hitherto failed. A mock sympathy with the Cubans on the part of ceitain Mexicans seems to snare the same fate, and Santa Anna is not destined to seize the occasion. But it is no wonder he calls "How lorg how long?" ,When will the measure of infamy be full in that unhappy country, ushered, as it was, into the family of nations as a new world counterbalancing the old in the imaginative dreams of independence and freedom indulged in by statesmen f Centuries of misrule, bad government, worse faith, pub lio and private, have gradually produced one of the most degrading spectacle that the civilized world has yet seen. And all this amidst a wealth of material and physical riches such as requires a poet's pen to de scribe. The Legal-tender Decision. From the N. Y, Tribune. The decision of the Supreme Court of the United States, in Bronsou against Rhodes, it is now well understood, determines in ettsct that the Legal-tender act of 1802 has no appli cation to contracts made before its enactment. It is true that the Court might have put its deoision udou the ground that the contract in that particular case called specifically for "gold ooln." but only two of the eight judges retted their oninions nron that ground. Some crititUm has been made upon this deoision, under the supposition that it held the statute to be in part unconstitutional. This is a mis take. The Court wholly avoided the question ol the constitutionality of the law, and placed its decision upon the ground that the law could not be Presumed to have a retroaotlve effect. It Is a singular, or rather a noteworthy faot (for blunders lu legislation are far from being singular), that the language of the statute is so vague as fully to justify this interpreta tion. It deolares that the paper to be Issued under it shall be "a legal tender for all debts," but does not sntnilfv debts antecedently con tracted. Now it la very old and well sottUd doctrine of theHugllh omru (from Mau w derive all our rules or lutnrprMiniuiu), thai a Riatnte shall cnvnr ! cotistiaed a having a retroautiveffVot, niilx that iuteutiou apoHarg explicitly by the words of tha aiatute. Tais is not a question or oousiiiuuoual law, In the American sense 01 the phrase, beoau the British Parliament Is not restricted by any written constitution. It is a rule whioh hat its origin in a strong snuse of tbe iohxreut injustice of retrospective laws, and it la firmly maintained by every court of justice. The Court of Appeals iu this State, in de ciding the case of Meyer against Roosevelt (27 INew XorK Kporis, 4lH), which is the leadtug case npon this subject, did not oonsider this branch of tbe question, but assumed that the statute was meant to affaot contracts pre viously existing, as well as those whioh should be afterwards made. Tbe Supreme Court, iu giving a purely prospective operation to the law, has deolared no new doctrine, ani, how ever disappointing tbe deolslon may be to tbose who have thus far delayed the payment of old debts, there oan be no sound objection 80 it. We have little doubt that this decision foreshadows an ultimate determination that the entire legal-tender provision is unconsti tutional, indeed, we think that the supreme Court is seeking, by this and slmil ir decisions, to prepare the country for its final disposition of the whole subject. And prudent men will hasten to put their business upon such a foot ing as will enable them to meet such a deoisien without loss. PAPER HANGINGS, ETC. HOWELL & BROS., ainniifacturers and Wholesale Dealers In PAPER HANGINGS, BKMOVED TO No. 8 mul 5 EECATUR Street, BELOW MARKET, Between Sixth and Beveath street, twit CAN & WAR PLAIN AM) DLCOIiATlYE PAPER HANGINGS. io. S31 Sou lb '111 USD Street, BE1WE&K WALNCT AND SPBUCS, COUNTHY WORK PROMPTLY ATTENDED TO. 3 IS LOOK I LOOK!! LOOK!!!-WALL PAPERS aiu Linen Wlncow BhaUi-s manufac tured, the cheitpPBtlu tbe city, at JOHNSTON'S Dtnoi. No. 103S SPRING GARDEN Street. below Eleventh. Branch. No. SU7 FEDERAL Street, Camden, New Jersey. . 'A'iai A HANDSOME ASSORTMENT OF WALL XX fareie and Wludow Shades. 8. F. BALi JjERSTON & SON. No. 02 SPRING! O ARDEN Street. a am GENT.'S FURNISHING GOODS. H. 8. K. C. Harris' Seamless Kid Gloves (CVKliT fAIB WAIIKAHTED, aXOLUSIVR AOBNT8 FOB GENTS' OLOVBS J. W. SCOTT & CO.. WO. 814 VHEMSIIT SVXBMBT. jp A T E N T SHOULDER. BEAM SU1RT MANUFACTORY, AND GENTLEMEN'S FURNISHING STORE. PERFECT FITTING SHIRTS AND DRAWERS made fiom measurement ( very" short notice. All otter articles ol UJWTIittALEN'B DRBS8 GOODS In full variety. . WliNtJilKSTEK & CO., II I No. 70S CHESN UT Street. CHROMO-LITHOGRAPHS. PICTURES FOR PRESENTS A. S. ROBINSON. JHo. 610 CHESNUT Street, Has Just received exquisite specimens of ART, SUITABLE FOR HOLIDAY GIFTS, FINE DRESDEN "ENAMELS" ON PORCE LAIN, IN GREAT VARIETY. SPLENDID PAINTED PHOTOGRAPHS, Including a Number of Choice Gems. A SUPERB LINE OF CHROMOS. A large assortment of NEW ENGRAVINGS, ETC. A mo, RICH STYLES FRAMES, of elega 31 oew patterns; ROOFING. R EADY ROOFIN O.- Thls RoctlDK Is adapted to all buildings. JL 1 cn be applied to hlKKF OK Fi&f IUM1IN at one-half tbe expense of tin. Ills readily put on old Shingle Roofs withou' re moving tbe shingles, thus avoiding thedauaag- lcy .l ufclilngs ahd turnii ore while undergoing repairs, (sso gravei usea.j FBtSIlHVR VOIR TEN ROOFW WITH niLfVA'S WIST. I am always prepared to Rplr and Paint Roots at khort notice. Aluo. PA1VI' I'oh MLli by the barrel or gallon, tue bebtaud chtapestln the market. 217J No. 711 N. NINTH St.. above Coates. FERTILIZERS. TTOB. LAWN?, GARDENS, GREEN IIOUSE3 11 A U G H'8 RAW-BOKE SUPR PHO -PH Al E OF LIME! wl.l b touoa a powerful ba.iukk. It la prompt lu 1M action: It cuutalon the seeds ol no pf ellferou weea, aud will produo luxuriant ro th urtu, .oeri, ci.rawooiiits, aua au uux vvotable aud Plants. Dealt is tuppiud by ibcargo. direct from the wharf or 1 he iunu'ttct rr, on liberal tsrms. Send Tcr address and procure fret, "Juurnal of ibelarm." BAUGH & SONS, Ida 20 South DILAWARE Avenue. This Fertutrer can oe nta or an Agrionnura Dealers In city or countiy. 8 i tutusiiiu COAL. ylLLIAM W. ALTER, LEIIIOH GOAL, Also, Lorberrj and Locust Mountain. Depot. Ko. D57 North Nisxil Street, Below Qlrard Avenue. IsotMIS Office, Cor. 81X111 and Kl'KINU (HKDO. BOARDING. AT NO. 1121 GIBABD BTRKKT MAY BE obtained tunlsutd aud uulurnlsued rooms lor 1U MAjtCTIJO, JL869. FINANCIAL. UK I ON PACIFIC BAILROAD FIRST MORTGAGE 30 YFJLIiS SIX PER CENT. GOLD BONDS, FOR SALE AT PAR 1 NO ACCRUED INTEREST. DEALERS IN GOVERNMENT SECURITIES, GOLD, ETC., No. 40 South THIRD Street, tt u PHILADELPHIA. LEDYARD & BARLOW Have Removed their LAW AND COLLECTION OFFICE No. 19 South THIRD Street, PHILADELPHIA. , And will continue to give careful attentlou to collecting and eecarlng CLAIMS througnout tbe United States, Brltlan Provinces, and Ea rope. Sight Drafts and Maturing Paper collected at Bankers'. 128 6m GLEMHNING, DATIS & CO No. 48 Sonih THIRD Street, PHILADELPHIA. GLENDIfflffiG, DAVIS HHORY No. 3 NASSAU St., New York, BANKERS AND BROKERS. Direct telegraphic communication with the New York Stock Boards from the Philadelphia Office. u BUamison&Co. 8UCCE860B8 TO P. F. KELLY & CO., BANKEB8 AND DEALERS IN Gold, Silver, ani Government Bonis, At Closest Market Rates. iN. W. Corner THIRD and CUESNUT Sts. Bpeclal attention given to COMMISSION OBDKB8 in New York and Philadelphia Stocks Boards, etc etc. 2 11 8m Iil!IMDOLPH&j Dealers In United States Bonds, and Siena. ers 01 oiock ana uoia exenange, Receive Accounts of Banks and Bankers on Liberal Terms. ISSUE BILLS OF EXCH ANGE 21 f?. f niunmi x, ban inwrmN B. MKTZLER, 8. BOHN & CO.. FRANKFORT JAMKS W. TUCKER & CO.. PARIS. And Other Frlnclpal Cities, and Letters of ireuu Available Throughout Europe. p O R SALE LEHIttU VALLEY RAILROAD C0.S SIX PER CENT. MORTGAGE B0SDS. Aleo Pennsylvania and New York Canal and Rail road Company's SEVEN PER CENT. MORTGAGE BONDS, guaranteed by tbe Lehigh Valley Railroad Company. THE LEHIGH VALLEY OLD BONOS, SUBJECT TO TAX, EXCHANGED FOJt NEW ISSUE FREE PROM TAX. CHARLES a LOXG3TRETH, 810t Treasurer. pm O. PETERSON & CO., Stock and Exchange Brokers, No. 39 South THIRD Street. members' of the New York and Phlladel. Ithla Stock and Gold Boards. BTOCKB, BONUS, Etc., bought and sold on eom na IsBtoii only at either city, I'm FINANCIAL. Union Pa cific Railroad. 1040 311112 KOW COMPLETE!. The First Mortgage Bauds, HAT1NU SO IEAUS TO RUN, Principal and Interest Payable in Gold, WE ARE KOW 8 ELL I AH AT PAR AKD INTEREST, Or exchanging for GOVERNMENT SEOURI I1KB on tbe following termor For 1000 1881s, we pay a difference of. $13117 1000 1802s, we pay a difference of...... 141-62 81000 1864s,' we pay a difference of....... 107 -BU $1000 1865s, Nov., we pay a dlff. of 121-68 11000 1O-40S, we pay a difference of.-.. 9012 tlOOO 1865s, July, we pay a difference of 100-42 $1000 1867s, July, wenay adlfferenoeof 101 IT 11000 1M18B, July, we pay a difference of 101-17 Or In proportion, as tbe market for ttoveru ment Securities may fluctuate. WM. PAINTER & CO., SINKERS iKD DEALERS IN UOYEHS. HO 18, GOLD, ETC., Ho. 30 South THIRD Street. li PHILADELPHIA. QA N K I H C HOUSE OF Nos. 112 and 114 South THIRD Strea ' PHILADELPHIA. . . Dealers In all Government Securities. Old 6-20a Wanted In Exchange for New A Liberal Difference allowed. Compound Interest Notes Wanted. Interest Allowed on Deposits. COLLECTIONS MADE. STOCKS bought and sold on Commission. Bpeolal easiness accommodations raserrM ladles; n We win receive applications for PoUolea of L Insurance in tbe National Ufa Insoxanoe Company of the United States, Tall information given at oa ofuoaj nam BLANK BOOKS, STATIONERY. J A 171 CIS D. SMITH ft CO,, BLANK BOOK MANUFACTURERS, WHOLESALE AND RETAIL.. No. 87 South SEVENTH Street U 18 fmw8m PHILA DELPHXA, GROCERIES, ETC. JpPvESH FRUIT IN CANS. PEACHES, PISEAPPLSS, ETC., O&EEN CORN, TOMATOES. FRENCH PEAS, MUSHROOMS, ASPARAGUS. ETC. ETC ALBERT C. BOUERTS, Dealer In Floe Groceries, Cor. ELEVENTH and VINEBtreeU. 117Jrp PROVISIONS, ETC. JIC11AEL MEAGlLEa & CO., No. 223 South SIXTEENTH Street, WHOLESALE AD RETAIL DEALERS IN PBOVISIOR!, OVSttiS, AN AN f! E A MM, FOB rAJHIXY tTMK. TEBBAriMM l FEB ItOZKN. t TRUNKS. IMPROVEMENT IN TRUNKS. ALL TbUNKS NOW MADE AT The "Great Central" Trunk Depot, Have MmoDs Patent Bafetv Hasp and Bills, which tcurel; Imieui meTiuuioii boioeuds with heavy licit, ana la il cuiure WU& the ordinary luoa. Positively to exira charge. GREAT CKNTRAL TRUNK DEPOT, X. W. Cor. SEVEN m and CHESAUT Sts. TRAVELLERS. NOTICE. Purchase your Ti links wiih ftlmons' TrlDl. Faatan. ng, heavy Bolu; nu fear lock breaslug, AT TUE OR SAT CENTRAL, 1 Jo. 01 CHBsNCT BUeet. JJtBBKICK & SONB BOTJTHWARK FOUNDRY, NO. WO WASHINGTON AVENUE, Philadelphia; ' WILLIAM WRIGHT'S PATENT VARIABLE CUT OKlf STEAM-ENGINU, Regulated by tbe Governor. MJUUUCK'b bAFal'Y HOISTING If AOHINS, Patented June, llfct DAVID JOY'S ' PATENT VALVELEae) STEAM HAMMJ. D. M. WESTON'S PATENT BELF-C1UTKR1NU, SKLP BALANOIN" CENTRIFUGAL SUGAR-DRAINING MAOHINai aaa ': HYDRO EXTKAUTOH, Pr Cottoa or WooUaa ttmaaauiiM", I Ua