THE Daiii BONING TELEGRAPH PHILADELPHIA, SATURDAY, MARCH 13, 1869. SPIRIT OF TEE PRESS. ditorux opihiors r ni liaduo jotraaAt oroa ODRBin tones ooMKLHt ursar BAT FOB TBI ITINUrO YBLBQEAPS. The New Secrolnry of the Treasury and His Fh uncial Views. TromlAeN. T. Timet. ' As the organizer of the internal revenue system and Its first adaiiuietrator, Mr. Boat well's opcUv for ou branch of daty con neotid with bis new cflloe has been to some xtent proved. With more reoent disonssions on financial toptos be bas not been promi nently identified. He sp jke at some length, however, in opposition to Mr. Garfield's Loan bill, in Maroh, 1866, and in Jannar Of last year Introduced a resolution relating to inte rest on bonds; and from these appearanoes it Is not difficult to dednoe his opinions on ma ' iarial points connected with oar finanolsl , policy. On the subjeot of contraction he holds de cided opinions. He opposed it in 1866, as a measure pregnant with disaster to trade and Industry, and wholly unwarranted as a means . towards resumption. He resisted the pro posal to invest in the Secretary power to push lorward contraction beyond the point reaohed In 1866. "If," he said, "the Seoretary of the . Treasury should reduce the non-bearing, in . terest circulation to the amount of a hundred million?, three-fourths of the mining and . manufacturing establishments in the northern portions of the country would be suspended." With this oonvlotlon, he deprecated the oon ' fertlng of large disoretionary authority upon ' the . Treasury, maintaining that it would operate as a constant menaoe to business, ; the interests of wbloh must necessarily suffer. The duty of Congress to define and ' llmit the financial policy of the adminis ra- ' won no urged as clear ana urgent; ana ne ' contended, that in the adoption of that course, . more reliance should be placed upon the gradual effect of time and renewed prosperity than upon the arbitrary measures of the Beo rotary. What the business of the country eould bear was the test by whioh he would , try the merits of a policy, and he strenu- ouly opposed whatever might operate ad Tersely. He then preferred praotioal results to theories defined to unlimited powers; and there is no reason to apprehend a change in r jus opinions. i' The bill introduced by Mr. Hooper (Maroh t 19. 1866) received Mr. Boutwell's emphatio ' endorsement, on of its provisions beiog "that tne pnouo debt snail not hereafter be increased , by authority of this or any previous acts of voagress." A similar provision is embodied in Mr. Hooper's measure of last session, whioh ' the hostility of Senator Sherman for the time ; killed. We oonolade, then, that the whole . some prohibition of any increase of the gold bearing debt, whioh is hoped for as a means of strengthening the publio credit, will receive r the support of the new Seoretary. ' ' The nearest approach to any actual plan on Ihe part of Mr. Bonturell is the resolution he offend (January 27, 1868) instructing the , Committee of Ways and Means to inquire -into tne expediency or providing bylaw follows: - "For notice, by the Secretary of the Treasury, Wben tbe United Sta'es coin la the Treasury . i exceeds twenty millions, mat be will antloi- J pate payment of tue Id terest first falling dueoa bonds such payment to be subjeot to a rebate .. of interest at tbe rate sueo fl id In tne bonds. For a new loan of 1600,000,000 at tlx per cent., . , tbe prinoipal and luteretit payable In oolo; tbe ' loan to be confined to olilzans of tbe United States and not to be transferable or payable to ' any others, and the bonds to be liable to State , and local taxation; the bonds to be payable, nay millions on tbe 1st of January, and fifty millions on each enooeedlng 1st of January. For a new loan, tl.OOO.OdO.OOO, of four an 1 a half per cent.. prlnoipHl and interest payable In eoln, and whioh may be made pa; able either at : Frank fort or London; tbe bonds to be payable, fifty millions on the 1st of January, 1900, and to be untaxable, either by tbe United States or any Stale or municipality; that the share- : holders of five-twenty bonds may exchange , their bonds for tbe bonds of either of these classes, and that the Seoretary of the Treasury be prohibited from making sales of gold." "lhat the Secretry of the Treasury be pre ' hilited from making sales of gold" is a proposl ' tlon as pertinent at this . moment as it was a J ear ago. The resolution, however, shows Is reliance upon some fanding prooess as a I method ef lessening the publio burdens; his condemnation of contraction being a guaran tee . against the embarrassment and ruin whioh would attend the enactment of the - Sherman scheme. On all these points Mr. Boutwell's reoorded views harmonize with the ideas suggested in the President's inaugural. In the division upon Mr. Sobenck's bill (Feb. 24), as fur- , Dished to the newspapers, his name does not , appear. But the whole tenor of his Bpeeob.es indicates a scrupulous regard for the main tenance untarnished of the national faith, and ( his resolution of January, 1868, is more than a presumptive recognition of tte prinoiple ' affirmed by the late Congress. So far as it is proper to infer a policy from Mr. Boutwell's ' past oourse, we may assume that he will preserve inviolate the rights of the publio creditor, without forgetting the care and con- , slderatioa whioh are due to the interests of the - country. - juc fiuguiui nituMiwu vi tilings Jfo Washington. , ; JTrem XT. T. Iltrald. " , ' ' .The situation of things at Wan-ton il Singular and oomplioatedau'on, reSttnt , appearano8jbfa,rjt.-oat. t0 make a .-"gJJ0- piuugo that may lead to the dis- ruption and reorganization of parties, and, as a oonsequenoe, to a desperate fight between the Senatorial oligarchy and the administra ' tlon. The war has already commenced In an insidious manner on tbe part of the dominant , faction in tbe Senate, though unavowed, and ' though worda of peace and harmony are ut ' tered te the ear. The case of Mr. Stewart has been made the pretext of opposition or hoa ' tllity; but if it had not been that, some other . might have been seized upon for the same purpose. Indeed, the refnsal to repeal the Tenure of-Offiee law is sufficient proof that Senators intend either to hold General Qrant $ In leading strings or to fight his administra tion. Sumner and other Senators who are active in this hostile movement are Presidential aspi - rants for 1872, and want to hold Orant so crip pled that he would ha veno chance of renomlna tion. It is tbe old politioal game over again, and bas been tried with almost every President from the foundation of the Government. It is a game, too, whioh , Presidential aspirants and plotters generally commence early and follow sp to the end of a President's term. Some times, however, they overreaoh themselves; when the people, seeing through their sohemes and purpose, take the side of the President and ' re-eleot him.- There is a notable example of this in the oase of General Jackson, and Grant's position is not unlike his. Jackson got into a muddle with the politicians about his Cabinet and bad to remodel it. Then the bank question split his Cabinet again and the party, whioh was divided into the Calhoun faotlon on one side aad that of Van Buren on the other. The latter adhered to the President, and the ' i?""?6! Powerfal In talent and numbers, pnr- V. Z in Congress, made desperate war on m; "Ur nTW was, perhaps, in the his tory of this country a fleroer politioal oontest. lint for tnin, probably. Jackson would not have been President a seoond term. It was this that rallied tbe people to - blm and re elected him. Grant occupies a similar posi tion, and. if we mistake not, has the same sort of stuff in him that Jackson had. So these Presidential aspirants of tbe Senate this oli garchy and political ring may overreach themselves, and by their hostility to Urant may reelect blm in 1872. Bnt, bendes this politioal view of the situa tion, there is another one which ad-tots the very .constitution and practice of the Uovern ment. The difficulty about Mr. Stewart, as we intimated, was a mere accident and side issne. It served, however, to Bhow the dispo sition of tbe Senate, and afforded an opportu nity to manifest the disapprobation of that body to General Grant's independent oourse. lie bad not taken bis Cabinet from their poli tical ring and had not consulted them even as to whom he should seleot. This was a terrible blow to the old system of political manage ment. It seriously offended them. But tbe real issue is on the Tenure-of-Offloe law, and involves a Struggle between tbe Uxeouttve and the Senate for tbe power and patronage of the Government. On this issue the popular braooh ol Congress go S with tbe President, as we have seen in tbe overwhelming vote by which it passed tbe resolution to repeal the Tenure-of-Office aot. The reason for the aotion of the House is apparent. That body, In the bitter fight with President Johoson, and for the pur pose of tjicg his bands, passed tbe aot in question, and thus surrendered, unthink ingly, perhaps, tbe whole patrooage of the Govetsment to the Senate. Before this law was made, and thtonghont all the previous history, the members of the House had a good deal to say in tbe distribution of offices. Kvery Prtsidtnt bad deemed it proper to consult tbelr wishes and to appoint to office their con stituents. Now, however, Senators have ab sorbed the power over Government patronage, more even than the President himself pos sesses; for he cannot remove from office with out the consent ef tbe Senate. Tbe House has reason to repent of its aotion and to be almost unanimous for the repeal of the obnoxious law. Thus, then, the prinoiple, theory, and prao tlce of the Government have been changed The President is rednoed to a cipher and the mere instrnment of the Senate, and the direct representatives of the people have neither direotly nor indirectly any control over tbe offices or patronage, ihe Government has become an oltgarehy composed of a few poll tloians or ring in the Senate Chamber, This is a singular and grave state of things. Nor does there appear to be any way of reaching the evil. We see that senators cling ten cionsly to the power and privileges they have acquired. It will be bard to wrest these from them. They form a close body and hold their position for along term. While they endeavor to make it appear that they are not opposing tbe President or the will of tbe people, they can, by parliamentary taottcs, stave on any aotion on the Tenure-of-Omce aot; and this. probably, they will do. What is President Grant to do under the circumstances f If he should yield to the usurpations of tbe Sena- tonal ring lie will be lost, u s only ohanoe is to be firm, use all the power he possesses to break up the politioal oligarchy, rally all the conservative elements of the country to his support, and lay tbe foundation of a great party for tbe future. That appears to bn the enly solution, and be has strength enough, if he knows It, to carry it out. King Cotton. From the N. Y. Tribune. Hardly a Southern paper reaohes us but has editorial comment of some sort on tne pros peotive crop ot 1869. It is generally conceded that it will be large If tbe season is at all favorable. Some editors have the sagacity to see that saying so muon about a great crop this year will have a bad effect on that part of the crop of loba which remains unsold. Nowj frleLds at the South, before your double plonebs have thrown all the land into ridges for cotton rows, take time and give this whole business of agriculture a sober seoond thought. You have just come out of a great war in which you were worsted. The weakest thing in tbe Southern military service during that war was its commissariat. A strictly agrionltural people, having as much pride of aores as any landed aristocracy in the world, were from tbe first, and in all stages of a four years' strife, weakened, hampered, thwarted. demoralized, and finally defeated, for want of beef, oorn, wheat, nay, and oats. A great war is like a severe illness; it tries the constitution and unmasks the weakness of tbe s j stem. The agricultural system of the outh has been proved defeotive because in a proti acted fight the breach appeared there first. Now what is the great charaoteristio of plantirg ? It is, and from the first has been, tbe deriving of a large lnoome in clear money from a broad surface, by the sale of vegetable produots. A small planter is one whose aoconnt sales of cotton or tobaooo, rioe or sugar, ao not ngure up more than $5000. The sales of the laije' planters range all tbe way from ?&,wj0 to $100,000. A few, a very few. s,tnern proprietors received over SSioayjO rom a single crop. That mode of aerlving an income may have been connected with the cbaraoter and status of the laborer, bnt such connection was not inseparable. A slave could cradle wheat or fatten hogs if ordered to, lust as a ell as he could pick cot ton or sucker tobacoo. Slavery had inherent Bins enough without charging it with bluu ders that were not, in tbe nature of thiDgs, inseparable from unpaid labor. From the time of Pocahontas the Southern domain was divided into large estates. Those who sur veyed and plotted it felt as Brutus did about CtiBar's body: "Let us carve blm as a dish fit for the gods, not hew blm like a carcass lor the hounds." Tbese broad aores were cleared and cropped by sport-loving men, for whose ears the bay ing of a pack of fox hounds was sweetest mueio. Put a man with these tastes at the ,oentre of a 1200 acre tract, and what will he do 1 He will have as few inside fenoes as pos sible; he will make his money on a crop that will cost him the least time, or planning, or worry. He will say, dum vu imus, vivamus "alter us the deluge." Talk to him of rota tion, fertilizers, bone dust, the- foot of the sheep having gold beneath It; he answers you by a blast on his hunting hern. "My niggers know how to make cotton." These seven words were tbe doom of true progressive agri culture south of Mason and Dixon. The inducements that draw the Southern agriculturist towards cotton-fields are very great. He is in debt. He wants oarrlage horses to replace those whioh Bragg, or Johnson, or Lee broke down dragtugcaunon. He is living in a cabin, and would like to do something with those ghostly and blaokened chimney staoks. Tbe saws of bis gin-stand are bent and rusty. His press is rude and slow. Ills mules are stiff, and bis ploughs worn; his tobaooo sheds went for camp fires. We admit that It would be a help on your plaoe if you could sell three hundred bales next Deoember at two bits a pound. But let us reason about it. You do not propose to move West. You know of no good cotton or tobaooo land that is cheaper than your own plantation. Besides, you have no money to go on. If you leave your children r t i I anything, it must be in the aores over whioh you walk. If yon drain those aores of the last ton of potaah and phosphorus ther contain. jou leave to those wboootue afier you a wide waste oi uroom-seaue and stunted pines a heritage ot biiers, and gullief, and rotten fences. No, gentlemen; you Will be wiser and ti. ore provident tban that. You will see that while there is some money in ootton and to bacco, Here is in i' lutl trne wealth or power, nine ot mat wnton makes cations great and keeps tbm to. Tbe South bas never been to fliulently devoted to the prod notion of artt i les ot pritue necentiir. Mankind would be bet'er off if froH or worms shot. I destroy every tobacco plant that sprouts this spring. Cotton is a very Important textile; bnt nations were olad, and well clad, before fell Whitney was bom. Ariuul'nre means tbe culture ot the flelde, not skimming aud desolatiDg them, fttijoj leg tbe best climate and ploughing th best soil on the continent, the S utnrou ate imported bread, drank itnpnrted wine, gave bis bands imported potk, shod them with im ported leal her, aud buckled aa imported sad- file on tbe back ol a horse that had travelled a thousand miles southward to fiod a pur chaser. Wbeu such a people went to war with States that fed aud clothed them, the result was inevitable. Julius Camrwlth hi tenth legion could have delayed that exchange of botes at Appomattox Court Houie, but he could not have made it iinpiwible. In profound peace, with a. strong, silent. vigilant man at tb wbeel, the country is en tering upon a deoade of material prosperity and development tbat will be more auMZiog tban tbe mugnitnde and tbe obtinioy of the reoent strife. Y bat the South wants, above all other thing, is not disfraochUement or enfranchisement, or a mau in the CabiuH, nor even a high priox for good middling, but an agricultural system that is true, Just, and lasting. Her laud bas bad no Sabbath; there has been no restoration. The balanoe be tween the living and the dead produots of farming was destroyed and must be re gained. No lands that are not often renewed by tbe mnd of inundations can survive such an exhaustive succession as the planter has rt quirt d oi his cotton and tobaooo fields. A lott fertility must be restored, mat 'avagery ot broom-sedge aud brter-tbtokets muet be abolished.- But the purchase of a few thousand tuns of guauo will not work the det-ired obance. Tboee phoephatlo stones on Ashley ilver alone will not do it. The south thinks she n-eds manufactures and so she does. But artisans aud operatives will not move tbere till good toed aull good cloth are less cottly. These will not be more abundant till tbere are more good barns and well-de signed farm-yaid; till those poor, wild oows are replaced witn Domains aud uereioras and Aldeineys; till tuore tazor-baok hogs are killed, and Sufi' lki acd Cheaters take their place; till they nave fatter chickens and more of them; till poutoes aud cabbages and apples are cheaper. Uotton alws wan a weak king. He was lull of pr.de and vanity and weak ness. He urged bis subjects into an unequal stri'e, and then showed uo influenoe at courts to make alliance or secure open ports, lie lave tbe planter's tamity pouKet-money, a handsome oarrtage, aud a heritage of barren fields. If ever king at all, be was King Stork. Tbe South of to day does not need cotton fac tories half so mnoh as she does manure fao tories. She tbiuks tbe Constitution as it was furnishes a panacea f r all woes; but it is not half so Important to her J u at no w as the Herd Book. The Case of Mr. Seward The Ingratitude r l'oiillt-laus. From the If. F. Herald. It is a melancholy faot tbat we Lave to de fend Mr. beward in bis ol 1 age. We were never his adherent, neither bis supporter nor his admirer. We never shared in spoils of his wirning nor fattened oa tbe plunder got ten at the cost of his moral sense. And yet we. at tbe last, ont of an enlarged humanity tbat we alone possess among journalists, must raise ourvoioe in bebau of the aged statesman, and against the treatment be is receiving at tbe hands of tnose who adhered to him In his days of pride and prosperity. Behold the Seo retary on his way to Auburn, lie is in the dol drums a place out of whioh Webster will not help one. It Is equivalent to saying that he is in tbe horse la'itudes, witn not tne least breeze of hope for the future to waft a sluggish fanoy to better places, tie leeis so badly that be does not want to make a speech. Beoaase he has not heart for speech or that brisk converse and interchange of conoelt that was his delight he will not dine. He refuses even the most delicate) viands. Judge of the state of his stomaoh and of the intellectual condition that led to that state I "This is the state of mau 1" The "nipping frost" must oome; but when it comes (it we may mix our Wolsey with Mao beth) tbere ought to be "troops of friends" to r beer and shield against its disoomforts. Where are the friends in this emergency of tbe ancient Seoretary f There is a voice from Rio, not so generous In its aroma as the Rio coffee tbe voioe of James Watson Webb, to wit. This James Watson Webb is the creature of Mr. Seward's olemency, and whereas he is now an ambassador, but for Mr. Seward he would have been merely a discharged oonviot. Seward's pardon saved him from a prieon cell and a dreary jonrney to Anbnrn; bnt be now sees Seward make a dreary jonrney to the same town, and adds What bitterness he can in his allegations sgainst the Secretary's foreign policy. Ray mond is no better than Webb. He, dinging to Seward's skirts, bas been dragged through or bounced over many a political puddle in which otherwise he would have perished, making no sign, and now he feels that it would make him look very 'poor to give a good word to the man departed from power, l'rom Greeley we could expeot nothing else, (reward ouoe refused to give him some little cilice in a country town a post offiue, per hapsand he has been Seward's sworn enemy ever since, and will never forgive him any more than he will now forgive Grant for not giving blm another post office. HU lliogs and jibes were therefore expected, and must give as little pain to ths Secretary as did the stabs of the envious Casoa to CiiMar; but the real pain is in the blow of this ''little villain" of a protfge" and this mahogany-stocked ambas sador, a duplicate Brutus, continuing, figura tively, the great story of a slaughtered leader. CLOTHS, CASSIMERES, ETC. QASSIME11E3 AND DOESKINS, JAMES & LEE, O. MMOBTII IECOKD SIRBKI Biicn of the Golden Lamb, ArenowrecelvlDi m Urge and CHOICE ASSORT- MENT of all the oelebratei maicoa of lllack Doeskins and Casslmercs Tbat corns to ths country; . 3 28 s AT WHMK8AI.I) AUD BBTAIIm DR. F.GIUARD, VETERINARY BUR. Ifwi ujun, iroaui an qimimo or uorM. uu vw iu, mq mi inrgicftl operation., wlto eUlulut aououi Eit'ona.for horew t hU Juflruiary. Ho. lAliOllAi L tiUtwrf, Uwvi i-upjju. Ucj PAPtP HANGINGS, ETC. PAPER HANGINGS WHOLESALE AND RETAIL. HAGLE, COOKE & EWING, IiATB WITH Do well & Brothers, No. 1338 CHE8NUT Street. Trade Supplied at Manufacturers Prices. HOWELL & BROG., Manufacturers and Wholesale Dealers In PAPER HANGINGS, BKMOVKD TO Nog. 3 nnd 5 RECATUIi Street, BELOW MABKKT, Between Sixth and Boventh atreeta, ttttf Q E A N & WARD, l'LAIS AHU DECOBA.T1YE PAPER HANGING 8, No. 231 South Til I UI Street, BETWEEN WALKCT AND BPBDOB, PHILADELPHIA, COUNTRY WORK PROMPTLY ATTENDED to. a lot LOOK ! LOOK ! 1 LOOK 1 1 1-WALL PAPERS Hid Liiiuu Winnow baadt-H ruxnulao tuito, tbe cfceapestiu loeolly.al JOHNsTON'S Dtpoi, No. iua;t PIUNU OaKDKN Hireet, btlow K fcveulu. Bratiou. No. 307 4EDKKAL bti'fctt, Cannieu, Ntw Jersey. aaoj HANDSOME ASSORTMENT OF WALL Phi hh nnd Window tehiideH. H. KBAb L-t-Ra'lON &fcON, No. BoasPlUNQ UAKUEN sutitit. a 2b Km GENT.'S FURNISHING GOODS. H. 8. IC G. Harris Seamless Kid Glovoh EVEBl PAIlt WABBADTXtt, EXOLUbIVS JlUEMTU FOR U BINTS' ULOVKfc J. W. 8COTT CO., Stflrp mo. ai tuu dt svi-tiassnt. p A T N T BBODLD1B.8SAN SHIRT MANUFACTORY, AUD GENTLEMEN'S FURNISHING STORK tKHVtMT H1T1NO BHIK'lS AND D&AWEiit made from methuremeut at very thort nullca. All other arllcl of UlilNXlih.M KH'tj D&BSt- Huoua in iou variety. WINCHESTER & CO., Ill No.70eiLE&NUr Stro.1. CHROMO-LITHOGRAPHS. p'lCTUHES FOR PRESENTS A 8. ROBINSON. No. 910 CHESNUT Street, Has Jnst received exqalulte specimens of ART, SUITABLE FOR HOLIDAY GIFTS, FINE DRESDEN VENAMELS" ON PORCE' LAIN, IN GREAT VARIETY. SPLENDID PAINTED PHOTOGRAPHS, Io eluding a Number of Choice Gems. A SUPERB LINE OF CHROMOS. A large assortment of NEW ENGRAVINGS, ETC. aud, RICH STYLES FRAMES, of elega i oew patterns. 8 1 ROOFING. READY ROOFIN G. This RootlDg is adapted to all buildings, it ran be applied to STKEF OK fXAT HWOI'M at one-half tbe expense of tin. It la leaaii) put on old sningie Hooia witboai. re moving tbe sbingles. tbus avoiding the damag ing i celling and lurnliare while nndergolng rBKSRHVB TOBB TIN HOOFS WITH HJt.lrA'S, AliASllV fAlflT. I m always prepared to Repair and Paint Roots at abort notice. Also. PAINT Foil HALE by tbe barrel or gallon, the best and cntupeai in me maraeb W. Am WELTOI, 2 173 No. 711 N. NINTH St., above Coates. FERTILIZERS. Jj-OR LAWNS, GARDENS, GREEN HOUSES AIHU f A KilD. D A U Q H'S BAW-BCSK fcUPa PHO -PHA1 E OF LIMK Wl.l Df rouna a pow.nu! uakuku. It la ornmul lit It acilou: It cjutnlun iba teed o do pfsufcruu. weaa, aad will produce luxuriant am Veiielable. anil Plants. DraWiaiupplod by ihHcargo. direct frcm the wharf or i be mDuacK rv, on uoerai irui. Bt-nd yo-r addreu. and procure ire, "Journal of the farm." BAUGH & SONS, No. 20 Bouth DELAWARE Aveuue. Tbli Fertilizer can be had of all Agrlr-altura Sealers in city or conuuy. 3 z lutuuin COAL. tyrj ILLIAM W. ALTER, LEHIGH COAL, Also, Lorberrj and Locust Mountain. Depot, No. 957 .North MNTU street Below Glrard Avenae, 1 80 tMls Office, Cor. SIXTH and SftlDiH GAEDE3 GROCERIES, ETC. TTRE8II FRUIT IN CANS PEACHES, FINKAPFLCS, ETC., GKBEN CORN, TOMATOES, FRENCH PEAS, MTJSRBOOMS, ASPARAGUS. ETC. ETC 'ALBERT C. ROBERTS, Dealer In Fine Groceries, U TJrp Cor. ELEVENTH and VIHUS btreeta, PROVISIONS, ETC. MICHAEL MEAGHER & CO Bo. 223 South S1XTEEXT1I street, WHOLESALE AND RETAIL DEALERS IK PROVISIONS), UYMVKBS, AND SAND CLANS, JPOtt VAMILiY VH. TERRAPINS ! PER DOZEN, It FINANCIAL. UNION PACIFIC RAILROAD BTRST MORTGAGE 30 YEARS SIX PER CENT. GOLD BONDS, FOR SALE AT PAR AMD ACCRUED INTEREST. a DEALERS IN GOVERNMENT 8ECURITIE3, GOLD, ETC., No. 40 South THIRD Street, tl tl FmLADELFBXA. LEDYARD & BARLOW Hare Removed their LAW AND COLLECTION OFFICE No. 10 South THIRD Street, PHILADELPHIA, , And will continue to give careful attention to colleotlDg and seourlng CLAIMS tnrougnoal tbe United States, British Provlnoes, and En rope. Sight Drafts and Maturing Paper collected at Bankers'. 1 28 6m GLENMMING, DAVIS & CO No. 48 South THIRD Street, PHILADELPHIA. GLMDIMIE, DAVIS & AMY No. 3 NASSAU St., New York, BANKERS AND BROKERS. Direct telegraphic communication with the New York Stock Boards from the Philadelphia Office. u BKJamisoit&Co. SUCCESSORS TO P. F. KELLY & CO., BANKEBS AND DEALERS IN Golfl, Silver, an! Government Bonis, At Closest Market Rates. N. W. Corner THIRD and CHESSiUT Sts. Bpeclal attention given to COMMISSION ORDERS In New York and Philadelphia Btoclts Board., etc etc. s u gm ill m van ri a vi 11 una- Dealers In United States Bonds, and Men. bers of Stock and Uold Exchange, Receive Accounts of Ranks and Bankers on Liberal Terms, ISSUE BILLS OF EXCHANGE ON C. J. 1IAV1BKO & SON, LONDON, B. METZLER, 8. SOHN & CO., FRANKFORT JAMK3 W. TUCKER & CO., PARIS, And Other rrlnclpal Cities, and Letters of Credit Available Throughout Europe. F o R SALE, LE1II11 VALLEY RAILROAD COS SIX PER GENT. MORTUAGE BONDS. Alio Pennsylvania and New York Canal and Ball road Company', BEVEN FEB CANT. MORTGAGE BONIS, guaranteed by tbe Lehigh Valley Ballroad Company. THE LEHIGH VALLEY OLD BONDS, SUBJECT TO TAX, EXCHANGED tO NEW IHbUE FBEE FROM TAX. CHARLES C LOyosTBETH, Treasurer, S3 lot Pm 8. PETERSON & CO., Stock and Exchange Brokers, No. 39 South THIRD Street. Members of the New York and Philadel phia Stock and Uold Boards. BTOCK8, BONDS, Etc., bought and sold oa oomuillon only at either olty, , l'n FINANCIAL. Union Pacific Railroad. 104i IMIIX SOW COMPLETED. The First Mortgage Bond IIAYINU 30 YEARS TO RUN, Principal acd Interest Payable fa Gold, WE ARE NO W 81X11 Mi AT PAR AiSD INTEREST, Or exchanging for GOVERNMENT BEOUKI T1ES oa tbe following terras: For 11000 1881a, we pay a difference of......f 113 1 tlOOO 1862s, we pay a dlfferenoe of...MM. 178 84 1000 1864a, we pay a difference ot... 128-84 11000 1865s, Nov.. we pay a din, of...... 153 34 11000 10-40s, we pay a dtfferenoe of-. 43-31 1000 1885b, July, we pay a dlfforenoe of 1 16 34 tiooe 1867s, July, we'pay adlfferenoeof 118 34 10OO U88, July, we pay adlfferenoeof 118 34 Or In pra portion, as the market for Govern ment BeotulUes may Muotoale, WM. PAINTER & CO., BANKERS AAD DEALERS IN ttOTERN. MINTS, GOLD, ETC., No. SC South THIRD Street. 119 fHTT.A PHTLPHXA. QA NKING HOU 8 B or JayCooke&(p Nob. 112 and 114 South THIRD Stres PHILADELPHIA, Dealers In all GpTernment Securities. Old 5-208 Wanted In Exchange Tor New A Liberal Difference allowed. . Compound Interest Notes Wanted. .. Interest Allowed on Deposits. COLLECTIONS HASH. STOCKS boafb.1 and sold ca Commission. Bpeclal bMlneu accommodations reserrtf ladles. We win reoelT applications tor Policies of L Insnrancem the National Lin Insnranee Oompanjr of the Called States. JMX Information firea at oa Offlos. llas LUMBER, iQPQ bPKUCii JOIST 1 QCQ HJtMLOCJC -i CJH1 BJS.ASOMA.J CLKAK F1XKA. 1 Q.f lbby BKAtfUiNJiD C'UC AH flHB. lOOy BPAKibH UffiABATJiaro. TOPO FLORIDA FLOOKJJMQ, lObU FLORIDA FLOORLNU, CAROLINA F LOO Rift O. VIROIMA FLOORIAU. PKLAWARK FLOOKlNU. AtiH FLOOKUNO. WALNDT FLOORING, FLORIDA BTKP BOAJaOa. kut.il, PI.ANK. 1869 1 UiQ WALiSUT BBS AM) PLANK. I QUQ WALNUT ROARING. WALWDT PLA&K. I UUd DND:RTAKKRJ LUUBKR. 1 QDQ KID CADAR. WAUiUT AND MNI. 1869 BJCABONICD POPLAB. EikAROlJI OHJUUiY. 1869 WHITE OAK PLANK AND BOAILDS. HICB.OBY. I n:Q CIO AH BOX MAKERS' " QCiQ XOVV (JIOAR BOX MAKlCKrf lODH bPANlBil CfcOAR BOX BOARDS, FOB 8ALE LOW. Ann. W9 CAROLINA BOANTLINQ, 1 QUO CAHOL1JS A H. T. HILLti, XOOl Norway bcantllsu. 1 Qlid ceuar bhinules, i qq lOUt CTPRfctWBHIHiGLJra, lOOy atAULK, BROTHEB A CO., 1 1I No. SMMI MOU 1'H BirMt ENUINE8, MACHINERY, ETC 6XEAM JCKUIOB AND BOILiLR WORKb NEAF1K A tKVV vamuii,. inn i,i..t-aii tuna, aiiaoa BMITHa, ana FOLNDKRH, bavins tor many year been la luccesnrul opetation, anu bean axolodvy eoiiaged In bulldh i aud repalrliis Marios and Rlvu KuKlnut, high and low-prtiuare, Iron Bailer, Walet Tanks, Pruilieik. eio, etc, rHhuuotfuDjr oner Uieir crvlc- to the pm.llc a oelnc ruil prepared to ooa tract tor enrinet ul all Mariue. River, ao fiatioaaiyj iiavlCK et or piwrD ol dhTercnl Ih are prepared to &fi.-ie oidera with quick deapawia. very deaorlutlci- vi pallerii-maklus mad. at ti ibortest noiloe. a lib and Low-preuur. io. labalar and Oylh.rtHf iiullera, 01 tbo bot Pennnykva nlacbarooal Iron PcrviK ot all Mm atfd kind. Iron and Bzaa. .asiluu( ot all deauriptloa. RcJ Turning. Bcivw t K. aud all ether work ooanat&aJ wlib the above b.i:uers. . ... Drawing, and i,t!oiiic'lon o ail work dou. at theeatablliluueni onarsa, and work goaraa 6Tbeobiicrlber nve anipi. wnart-aook room '(01 repair, of boaw, ' tttaj can lie In uerleot imttt.y. ild are provided ib .bear., blocks. Wis, etcTS lo. rauin. haav, ' Uuh. wdih-j JOHN P. LSiVY, 1 11 a JA.CH aud eAlMjLH Mtresw. vad. aiiL B w wmjis K7iTali7Sk QOLTHWABK rOUJNLJ5ty. flPTH AM KlliUkXTHIA, lENQmiiiaut AND MACHUIIBTB. , loi Laud, Rlvr, aud Mar ine Bervloe. 11 8 .lf r,"?1 Tuk Iron BoaU. ete. . oaVSuu.0'."" Workahops, aa u; f ler' a"rlpUon of PlanUtlon Machinery, alas S?,M' 5fw.' ud Qr'' HUli. Vaoauui Pans, OU giuSifei D,ct filters. pampUia. Bole Acenta for n. BUleaz's Palest Baser BoUlns Apparatus, Keemytb's Patent Bieam H.ojmwr, an A.plnwall Woolaeyi Patent Oantrlusal Bo.ai PralnlDS iiaohlna. lU TK YOO WANT A DKLIUHTrOli 8PHINQ J. BED, neat, nealtby, nnd oumlortaole, nsa the boU-fustenlnu bed feprlnnH, ai 1S.1 per Ooa. baUalaoUon Knaranieed, tto a. ad UUll Zt Sua U A i U 1 M (li. ... . . . . .... .. ; . 1n nr.irir.
Significant historical Pennsylvania newspapers