4 THE Daili iPiTfiNINQ- TELEGRAPH PHILADELPHIA, THUKSDAY, MARCH 18, 1869. SPIRIT OF TEE PilESS. RDITO&IAIi OPTiriOirS OP TBI LlADQia J0C&HAI4 cpow ccrhbst to no oompixhd nm DAI FOB til ITUUfO TBI.MRAP. Private Properly at Set In War The Last LUt of "M'torlms." , from the tf. T. ThntM. . Mr. Vernon Uaroourt was no donbt well pleated to nelze tu opportunity for a diver sion which Mr. Johnnou' Manchester speewh afforded him. Mr. Uarcrmrt baa long been l&BilT engaged la nndrujiDiog, by hia logio regarding British reepousibtHty for the Ala bama, the high eate.-ui and respect he bad previously built op io Aim-rioa by his support tt (be cause of th Uuien agalDSt the oause of the toaurrection. Out bappy ohaooe for diver sion he had, and nsed, when "recognition of Eebel belligerency " wa dragged la by head and ears aa the fenodation ot oar peoaniary claim for the Alabama' ravages; another he Xjowerjoya In the remarks let fall by Mr. Johnson regarding the hoped-for immunity of private property in time of war. L'nt hia aecond diversion is not so happy aa till firat. It wan no dilfioo.it matter to dhow two Bidea to the question of considering England's recognition of the Confederate Statea aa the fon tt origo of onr suit for the liquidation of ep-oiflo damages caused by a single oiasa of war casualties. But, when It aomea to thia second affair, what does "ilia torious" make out f lie dlvergea from the field of legal dtcislon Into that of private or Individual opinion, aud gives us, in place of his customary erudition, very general and Inexact assertions to tbe ttieot that the amelio rating tendency of war cannot be applied to the protection of private property at sea. - The new dootriue la, aa our readers know, that International law ought to proteot private nrnrertv at sea. as Mr. Jobnaon somewhat generally, but Intelligibly, presented it, "prl Tate property npon the ocean, during war, shall never be subjrol to capture men may be killed npon the land and npon the ocean la battle, but the mrchant will go his own way unharmed." Thia doctrine, we may add, has been forced npon the attention of jurists by the mercantile community of the world, Whioh comprises some of the acutest thinkers as well as the moat influential citizens and re solute legislators of all commercial nations. Mr. llaroourt, In hia late letter to the London jf i'ntes, rehearses the view he expressed at Birmingham last autumn, namely, that "it is idle to attempt to put an end to the horrors of war except by preventing war itself;" and that, as the wanton destruction of private property at sea is one 'of the horrors of war, ft cannot be prevented. "When the dogs of war are once slipped from the leash," he says, "I have very little faith in moderating their havoc" And, in brief, hia theory is, that we Should make war so terrible, and especially to injurious to commercial wealth, that "the most powerful and Influential interests may be banded together to disooarage it." We ooufess frankly our astonishment at hearing the enunol ttlon from such a source of such a dootrine; we fanoy it was the con troveraial and tyllgiiio reasoning, rather ' than the rioh niatorio knowledge, to Bay" nothing of the philanthropic sentiment, of the writer which projected it. On the same ground ' we are under obligations to take toaokwaid steps in civilization, andredane war to Indian butchery; and whereas by degrees oertain conceded usages of humanity have, under the influence of Christian nations, become bindiDg "laws of war," whose trans gression is severely punished even in their own troops, by all civilized nations, our intel ligent international jurist has "no faith in moderating havoo." Oa the dootrine of "His torioua" we must go to medieval times and savage isles for our exemplars in warfare, and take aa onr teachers not Washington and Wellington, but the Thug and Sioux. Who ever is conversant with the history of warfare, from earliest to latest ages, will see bow civilization and intelligence have re deemed it from being a wild carnival of blood and booty, wherein the wanton sacking of cities, tne putting or prisoners by tbe thou sand to the Bword, tbe outrage of women, the Slaughter of infants, have borne conspicuous parts. Did these horrible atrooities ever lessen the frequency of war T Let the Palati sates of history bear witness. Should "Historious" reply that he does not Seek a retrograde toward wanton destruction of life and the means of life beyond the preaent roles of civilized war, we may properly insist that he then abandons the fundamental hy pothesis of his argument; for it is merely a farther mitigation of such horrors as have already been mitigated by international agree ment, that la now nnier discussion. Mr. llaroourt, in tbe next plaoe, and inde pendent of his general theory, takes the groand, inferentially, that neutral property at ' seals entitled to no more immunity than neu tral property on land, which latter gets in prao tioe none at all. We repeat, in justice to this able writer, that thia argument la only "in-.,- ferentlal;" but bo much it certainly is; and it omes out during his overthrow of a windmill that he Bets np, namely, that "the most popu lar argument tor protecting private belligerent ' property at sea la that private belligerent pro perty on land Is protected." We shall not go into the side issue which "Historious" raiaea by disputing this alleged proposition of bis opponents. What we say, on the contrary, ia that tbe two oases are essentially different. It is difficult, and pro bably impossible, to proteot from capture "private belligermt property on land;" but the reason is becauae it ia so often difficult to restrain tbe needs of food and forage in an army; to discriminate between real and pre tended "farmers" and guerrillas in a hostile region; to decide when the products of lauds or factories have or have not been carried habitually to tbe oamps of tbe enemy. The ' facts are different on the sea. Is Semmes' BeiBure of ships' chronometers to be put on a par with Sheridan's destrnction of the wheat fields regularly reaped in season by Early's columns f Is the burning and scuttling of. whale-ships, armed with no more serviceable weapons than harpoons, to be likened to Sherman's destruction of houses containing extra shot-guns and cavalry bridles, or even to his seizure of food and forage ont of barns f That la what "Hlatorioue" argues. ' For ourselves, we ask first to have it demon strated that merchant ships, without arms, without contraband of war, and obviously Saclllo in intent, cannot be determined beyond oubt to be peaceful commercial vessels, and as such proteoted, before we give np the Lope that the amelioration of warfare may at some dav reach and shield them. Wa shall concede as neoessary a right of searoh; a riant of destruction on discovery of contraband of war. or on dlaoovery of hostile intent or nse; W might oven, if neoessary, oonoede a right In the war-ship to supply its own needs, in order to meet tbe argument from analogy in hostile armies; but there is something differ ent from wanton destruction designed purely to Increase the horrors of war. There will Still be ships enough left to proteot, after these exceptions. ija the commerce of 4 all ftaUooi. Tfce AOmlnlslrallon of General flranl I Too IJcginnlug. . ' from tht y. T. Herald. The rush of hungry patriots to Washington i cn tbe wild hunt nr m manasing politicians whose followers these hungry patriots are. General Grant, however, ccubtomed to dealing with large bodies of men on a short notice, euetains the pressure with tbe eoolneae of an old campaigner, and takes bis own time in parcelling ont the loaves sd flubes. Meantime our attention ia oalled to tbe more important responsibilities and dnties of bis position. We expeot under his administration, in the development of the in calculable resources of the United States, an epech of progress, prosperity, and power without an example In the records of any people on tbe face of tbe globe. We have had reasons to fear a finauolal crisis and collapse from tbe mismanagement of tbe Treasury, and reasons; also, to fear, from these and other cause, snob, demoralizations and dis orders in onr body politio as might bring npon ns political as well as financial bankruptcy; but we look now for brighter days and better things. It is yet too soon to pass judgment npon the capacities of the new Cabinet in the work of retrenchment and reform; but there are two departments which have already one vigor ously to tbe task before them. We refer to tbe War and the Navy Departments. The ex perienced and efficient men assigned to the Erotersional business of these departments ave commenced with tbe will of new house holders preparing for a wedding in tbe family and a bridal reception. General and speoial orders affecting the reorganization and re duction of the army and the pruning down of useless expenses have already been sent to every section of the country. It is contem plated within a short time to reduce the aggregate rank and file of the army in aotive service from forty-five to twenty five regiments or say from forty-five to twenty live thousand men and in thia and other ways to out down In a twelvemonth the expenditures of tbe War Office to one half tbe last annnal budget of the Secretary. This Is good. And In the JMavy Department we have evidenoes of similar activity with the pruning-knife. Indeed, it is raid that Admiral Porter, in direot charge of tbe reform bureau, is turning the department riptide down and inside out, and that Grand father Welles would even now be shooked at the innovations made in the brashing away of the dust and cobwebs of many years' accu mulation, and in the clearing eat of old and useless lumber. At the same time secretary Borie, off on a little journey, leaves posted about the walls for the information ot place hunting interlopers this facetious Inscription: "There are no vacancies in tbi3 depart- j xnent." He has no time to waste upon olfioe- beggars. We see, then, that in the war and JNavy Offices it is the purpose of the new managers to reduce personnel, machinery, and expenses to the margin of a fair peace establishment. Let it not be inferred, however, that this means peace under Grant's administration, right or wrong. It means only that while peaoo prevails our a amy and navy may be razeed to the peace establishment of a mere police force on land and water. Why not, when, under President Grant, from the men, materials, appliances, and inventions of our late civil war, he could within six weeka mas ter the most formidable army in the world and a navy that would be a terror to any navy ? The inaugural very clearly shows that while General Grant means to ask nothing that is not right of foreign powera; he intends to submit to nothing that ia wrong. 0 tbe War and Navy Departments nnder him are to be organized for the exjgenoy ot war, while reduced as to the expenditures of an assured, enduring peace. But how ia it with the other departments tbe Treasury, the Interior, and the Post Office f Here a different order of things seems to pre vail; here the politiciass appear as if in full possession, and the wild hunt for offloe is in full blast, on Marcy's debasing motto that "to tbe victors belong the spoils." There are not in this demoralizing exhibition any veTy encouraging signs of "economy, re trenchment, and reform." But when this unseemly rush, of spoilsmen and this de grading scramble for places at the publio orib shall have somewhat abated, we expect that 'General Grant will take a look into tbe practioal working of these departments, and we expect that u mey are iouna wanting upon the test of economy ana retrenchment, he will apply the rule of his address to the CongreFsional committee announcing hia eleo tion the rnleof dismissing at onoe any mem ber of his Cabinet when found incompetent or unsatisfactory. The Commissioner of Internal Revenue, an officer seeond only in his great responsibilities to the head of the Treasury, comes also within this category. Tbe Post Office Department has been turned over to Mr. Creswell deeply in debt or behind hand; the Interior Department has been turned over to General Cox awfully mixed up with rings of Indian-oheating contractors and railway land speculating rings, and all, sorts of Territorial schemes and job3; the Treasury Department and its appendages of tbe internal revenue service have become a scandal to the Government and a bnrden to the people too heavy to be much longer endured, and all in consequence ot tbe thieving wbissy rings tobacco rings, gold and stock gambling rings and other rings of sharpers and plunderers too numerous here to specify. All these abuses, frauds, and corruptions in all these departments, it is the duty of the officers in charge to rectify, and General Grant Bays that reform Is bis fixed purpose. I he beada of the departments ..then, will do well not to forget this; for if found deficient they must by the President be removed, and because even for their deficiencies be will be held responsible to the country. The Difference, Detwren Civil Administra tion and Military Command. From th W. T. World. If the Preeidenoy be regarded merely as an administrative office, having no higher duties than to execute such laws as Congress has enatted, or may tnaot, there may seem a closer resemblance between it and the com mand of great armies than really extsts. Both the civil and the military office are poaitiona of superintendence; both cilices have to deal with many subordinates and multitudes of details; and the administrative details of both may seem to require a superior capacity for business. But it muat not be Inferred from these points of similarity that suooeaa as a general betokens the kind of adminis trative ability required ia a President. As soon aa we begin to look more eloaely into tbe matter we shall find that, in the nature of the duties, there ia no real resemblanoe. When General Grant was In aotive command of an army, his business did not consist in the raising of men and the selection of officers, bnt chiefly in directing those offioers and men where they should march and when they should fight; whereas the business of the Presidency, considered merely as an ad ministrative office, oOnsiata almost wholly in tbe selection of instruments, and soaroely at all In prescribing their dally activity. The duties of President-Grant's oiril-appointees are all prescribed by laws lavs ao definite, oertain, and full, as to leave little plao for ! discretion, and that little to be eaerotiwi by -the officer themselves, and not by him. Hi may appoint them, but he has no authority to obalk ont wbat they are to do whnti ap pointed. But in the exercise of military command, it was quite the reverse. It was General Grant's chief fanotioa ss a military commander to out out work tor his aubirdi nates, and direct tbe oonrse of their daily ac tivity. He neither raised hia troops nor ap pointed their officers. All regimental ani company officers (except in the small regal r army) were appointed by the Governors ot the States In whioh tbe regiments were raised; the brigadier general and other higher offioers by the President and Senate. General Grant could merely select partioular officers ammg hia subordi nates for this er that partioular Bervloe; and neither In the Army of the Potomac nor at the West did he ever assign a dozen officers to different commands from those in which h either found tbem, or to whioh they were promoted in the ordinary course of the ser vice. His duties as a general consisted in planning and superintending campaigns, the Instruments of whioh were created to his bands. When he came East, he found tbe aimy whioh he marched againat Richmond already organized; General Meade continued to command it; the corps and division com manders remained nearly the same, and no changes were made in officers of a lower grade. But now that General Grant has oome to the Presidency, hia chief duties, as an adminis trative effioer, consist in the appointment of officers whose duties are so carefully pre scribed by law that he can give them no order of any kind, either direotly or through the beads of departments. It is easy to perceive, from thia statement, that General Grant's experience as an admin istrative offioer in the army had no tendency to fit him for the administrative datiea of the Presidency. The one position was no sort of training for the other, their duties being se wholly unlike. If General Grant had had the appointment of all hia own subordinates in tbe army; if he had taken them mostly from men who were not in the army and with whom he had no acqoaintanoe; if the applicants for each position bad been aa numeroua as they are in civil offices, and had been as per sistently and impudently backed; and if, after he had appointed them, he oould give tbem no order, and never interfere except to remove them for inefficiency or misoon duct, then his administrative duties in the army would have been similar to thoBe which devolve on bim as President. More of General Grant's time as President will be consumed in listening to representations and counter-representations bearing upon ap pointments to omoe than lie will bestow upon all tbe other duties of bis new position. His acquaintance with the civil service ia not suffi cient to enable him either to form a very ac curate judgment of the requirements of par ticular offices, or of the fitness of particular men to fill them. He has thus far proceeded like a novice; and, beginning already to feel hia incompetency and stagger under his un- measurtd burden?, he baa avowed his inten tion to take refuge behind the heads of de partments and members of Congress. His Cabinet be has appointed himself, after much floundering; and although there are one or two good names in it, it ia, taken aa a whole, the weakest and most inexperienced ever appointed ty any l'restdem. con sidering what a botch he haa made -of a thing so simple, where the number of officers is so small, and all men competent for them are well known, there ia no likeli hood of wise selections for the sixty thousand placeB in the civil service. It is not surprising that a mere army omcer snouia nave blun dered bo ecregiously, for there was obviously nothing in his past duties which trained him for the performance ol nis present duties While General Grant will hereafter receive recommendations from the heads of depart ments and members of Congress, it is under stood that he reserves to himself the ulti mate decision on all appointments, for the purpose, we suppose, of preventing anybody from holding onloe wno is not zeaiousiy de voted to him. and who will not, when the proper time comes, favor hia reelection. A Desperate Device. From the W. T. World. Tbe announcement that General Stoneman has issued an order directing the removal of all State officers in Virginia who will not or oannot take the test oath, or iron-clad, by the 18th prox., may not seem or any considerable nublio significance, and yet it is. To show how. it is necessary to state that this order is superinduced by tnat resolution 01 me Fortieth Congress whioh decreed that thirty days-from date thereof no person should bold any civil onice in eitner 01 tne ciaies or vir cinia. Mississippi, and Texas, unleBa said per son oould take the oath prescribed in the act of July 2, 1862, or hadjteen relieved of hisdi'a- abilities under tne so-caiiea louneentn amend ment by a two-thirds Congressional vote. At tbe time this resolution was nnder discussion, we indicated that it was part of a deliberate attempt to build up, by the persuasive power of office, a radical party in the soma of better material than has heretofore gone to constitute that organization. Feeling that the negroes were losing confidence' in the car' pet-bas merJ, and yet seeing it to be all-import ant to hold this black balance of power as a set-off to tbe growing aversion of the North, tbe radical leaders some time since hit on the plan of securing weak aud venal Southerners to take charge ot tne negroes ana bring mem up, in conjanotiou with such whites aa they micbt influence, to the support of the party, Tbe means of purchasing such leaders lay ready to tbe hand in the various btate offices, and tbis resolution in question waa therefore passed, to sequester, as it were, the civil esta bliebment of these States into a corruption fnnd. It ia perfectly well known to CoDgresa that tBese State offices oannot be filled by test-oath men. and indeed it ia not desired by that body that they should be. The teat-oath ia merely the means of forcing the present in onmbents to anblv for a removal of disabili ties, and this removal la only to be obtained on a pledge of support to the radical party. If tbe official will give thia pledge and prove his sincerity, he la to be allowed to remain; but If not, then down cornea the Oath upon him. out he goes, and in hia place coined A "reliable" man. In Viiginia, the offices thus to be utilized number some three thousand; in Texas and Mississippi, near two thousand each or about seven thousand in all. Now, seven thousand "white-washed Rebels," soattered in every county in these three outlying States, would be quite an effeotlve corps of officers to mar shal the negroes to the polls in the recon struction elections yet to oome; and not only useful thus, bnt likewise aa a standing adver tisement to flesh-pot men in every other Southern State that offloe was to be bad by adhesion to the radioal party. With thia aa tbe programme, General Stoneman's order indicates the first step to an attempt at its accomplishment. That such a design should have been conceived, or be now in process of execution, betokens, we cannot but think, a very considerable degree of weakness in tbe radioal party. Men do not seek ' reinforce ments till they need them; and thia wild febeme of bnylng Southern support indloa'ei beyond all doubt a deep-seated mnvltl'.ton among the radioal leaders that thre are causes at work to ope rat a mist, enrloas de fection in their Northern ranks. Of coarse, they would not own it; it is the part of strategy to keep np a tremendous drum beating and marching and uonntermarohiog where the lines are elim. Bat one thing U oertain: Grant would iot have bid for scala wag support in the appointment of Creswell, and CoDgress would not now be utilising Southern State offices, if there was not some thing wrong in the North. The rogues are losing ground, depend npon it. Rc trench went Must He Had. Frmix th If. T. tribune. Washington reports affi-m the existence of a persistent pressure upou heads of depart ments by members of Congress for plaoea wherewith to reward needy constituents. In so far as these demands involve merely the snpersedure of ins by outs, we do not regrst it. "Rotation in offloe" is generally whole some, even to those who disrelish it. No de partment clerk who is worth his ealt ought to wtsa to remain in omce more man lour years at furthest. Let young, active, energetic woikers be appointed to clerkship; let each understand that be is to be retained but four Tears, aud be admonished to save at least one- third of bis earniBga irom me outset; let him go out with the adminiatratioa that appointed him, having saved tbe meana where ivith to stait In some private business (settling aud working a quarter-section of publio land, If he can do no better); and let the next brood fol low in the footsteps of its predecessor. We believe thia best for service and servants alike; for, though there are doubtless a few clerks and higher offioers in tbe departments whose rare capacity or special knowledge it would be difficult to replace, yet so many tend to become fossila the moment they fancy themselves fixtures, that the publie interest would be decidedly promoted by a general clearing-out as often as once In four years. We do not object, therefore, to wholesale changes; we only insist that tbe Secretaries shall be allowed ample time to familiarize themselves with tne macninery of their re spective departments and the merits of their subordinates before they are required to make mem. But more urgent even than this is the re quirement that the number of clerical and other Government em pi 03 ca shall be greatly reduced, That number was necessarily swelled by the exigencies of war; it has sinoe been reduced, but not nearly so mncn as it snouia bs. 11 Mt the assistant assessors, collectors, etc., ot in ternal revenue that were absolutely required when we had taxes on everything, from a baby's first garment to an old man's shroud, ought now to suffice, since more than three fouitbsof the articles subjected to war taxes have been wholly relieved from impost. Yet we know that, where assessors and collectors have discharged subordinates, under general orders from the Treasury to retrench, members of Congress have interceded at Washington and obtained their restoration. This must come to a full stop, and the wheel must re voire in tne opposite direction. Three per cent., at furthest, should assess and oolleot the internal revenue, and we hope it will soon be made to do bo. As to the customs, we judge that twenty five per cent, of the present cost of their ool lection ought to be saved, and that thia city should contribute ber full quota towards the reduction. It ought not to cost nearly one per cent, of the money collected here to col lect it; but it does. If we could only dispel the prevalent illusion that the publio service is a political almshouse, wnerein me lame, and the halt, and the paralytic, are to be fed and fattened at the public cost, the needed reform would be easy. But almost every one bas a brother, or cousin, or son, or nephew, who doesn't seem to know how to take care of himself, hence is presumed admirably calculated to officiate as a guardian of the public Interests and welfare. "To the victors belong the spoils of the vanquished," is the accepted maxim, and we submit, only pro testing that it is not the people and their treasury who are rightfully vanquished. Let the winning party have its pap; but let no dime of it be lavished on a hungry partisan who cannot, or does not, give value received for every dime he fobs, and let the fewest officers that can do the work suffice; and, if one must be retained or appointed who can do bnt half work, let him be content with half pay. It is the crying evil of our day that working ror me punuc pays Deiier, or is supposed to pay better, than working for yourself. The farmer's or the mechanic's son would rather be an inspector of customs or polioemau than inherit his father's business and follow it. The soil is neglected and often deserted, because those who should cultivate it fanoy they can do better as tide-waiters or post-office clerks. The laws and the policy which beguile tbem into that delusion have very much to answer for. We pray the Secretary of the Treasury and the Commissioner of Internal Revenue to appoint as assessors and collectors men who will promise to rednce their subordinates to the lowest practicable figure, and stand by them in so doing, no matter who may remonstrate and insist on making the revenue service a gigantio soup-house. Now ia the time to re trench: 11 a "new broom" does not "sweep clean," it were absurd to expect an old one to do it. Begin the work of reform by pledging every assessor and collector to reduce his force to the utmost on or before the first of July next, when me new nscai year wui open: and. having inoited good resolutions, take care that they be faitnrniiy aanered to. CHROMO-LITHOGRAPHS. piCIU K8 FOB PRESENTS A- B. KOBINSON. HO. 010 CHE8NDT Btreet, Bae Jubi received exquisite specimens ol ART, SUITABLE FOR HOLIDAY GIFTB, FINE DKEBDKN "ENAMELS" ON POKCE LAIN, IN GREAT VARIETY. fcPLENCID PAINTED PKOTOQRAPiU, Including a dumber of Choice Ueoiu, A fcUPERB LINE OF CH HOMOS. A large a&aortuifcnt of NEW ENGRAVINGS, ETC. 4ik0, RICH ETYLEH new patterns; FRAMES, of elegant 31 QEORCE I L o v r.i a n. CARPENTER AND BUILDER, Jfo. 134 DtiCK Street. PHILADELPHIA. OBH X O H A Baa BCAiaruvACTOitr. BOB , X. eornet ol MABfiET aud WaTJEB Stream riiliMlnlDliiA. ... mum a- wm - it a 1 . m -ww DEALERS IN BAutt a MO BAGKjLHO Of every dmrlpUoo, gut Brala, Bloat, 611, buiT-t-tipiiiU oi Uate, Boat an uaaD GUNny bags onuteour jLaaaa FINANCIAL. UN lOTd PACIFIC RAILROAD FIRST MORTGAGE 30 YKJU18 SIX PER CKNT. COLO BOHSDS, FOR SALE 'AT PAR AND ACCRUED inTEREZST. DEALERS IN GOVERNMENT SECURITIES, GOLD, ETC., No. 40 South THIRD Street, ti ti FHILADEXFHiA. LEDYARD & BARLOW Hate Removed their LAW AND COLLECTION OFFICE No. 19 South THIRD Street, PHILADELPHIA. And will continue to give careful attention to collecting and scouring CLAIMS throughout me United Btates, Brltlah Provinces, aud Eu rope. m Bight Drafta and Maturing Paper collected at ttanaera'. 1 oin &LMMMG, DATIS & CO Ao. 48 South THIRD Street, PHILADELPHIA. GLIMfflNMAYIS&AMORY No. 3 NASSAU St., New York, BANKERS AND BROKERS. Direct telegraphic communication with the New York Stock Boards from LUt Philadelphia Office. 11 BUamison&Co. SUCCESSORS TO F. KELLY & CO., BANKERS AND DEALERS 1ST Golfl, Silver, ani Government Bonis, At Closest Market Hates. S, W. Corner THIRD and CHESNUT Sts. Special attention given to COMMISSION ORDERS In New York and etc. Philadelphia Blocks Boards, eto. 2 1J 3m mw OIHW Dealers In United States Bonds, and Siena bers of Stock and Hold Exchange, Receive Accouuls of Hanks and Bankers on Liberal Terms, ISSUE BULLS OF EXCUA5HE 0!K C. J. HAMBRO & SON. LONDON, B. MKTZLEfi, 8. SOHN i CO.. FRANKFORT JAMflS W. TUCKER & CO., PARIS, And Oilier Prlncinal Cities, and Letters of Credit Available Throughout Europe. pa 8. PETEnSON & CO., Stock and Exchange Brokers, No. 39 South THIRD Street, Members or the New York and PhlladeN plila Stock and tfold Boards. BTOCK8, BONDS, Etc., bought and sold oH oomnalHRlon only at either city. 1 2tJ CLOTHS, CASS1MERES, ETC. JAMES 6 LEE, 1 ao. 11 aoBia sevohd htbeet, Bian of the Golden Imb, Are now receiving an ENTIRE MEW STOCK of Spring aild Summer Coatings, To wblcn tbej Invite tbe attention ol ta trade aa -i otbara, , - - -. Hw. AT WHOLESALE ARB RET ALU DEMEif&BaO. MM FINANCIAL. UnioR Pacific Railroad, 1 040 rvi iiks NOW i:OMPLLTEI. The First Mortgage Bond IIAYISU 30 IEARS TO RUS, Principal and Interest Parable ia Gold, WE ARE KO W 8EL1.IMJ AT PAR AUD INTEREST, Or exchanging for GOVERNMENT BECUBI TlKtt on the fuuowli.n term For flOOO 1881s, wo pay a dlflurenoe of....J14R84 000 1863a, we py a dlffernoeor.... m r $1000 1864s, w pay adlffwreuoeof... 128-84 tlOOO 1866, Nov.. we pny dlff. or...... 163 14 tlOOO 10-408, we pay a difference of.. 43-84 $1000 I865u, July, we pay a difference of 116 84 flOOO 1867a, July, weay adlfferonoeof 118 84 S1000 lfe68a, July, we pay adlnerenoeor 118-84 Or in proportion, as tbe maxket for Govern ment Securities nuty fluctuate. WKL PAIHTER & CO., BARKERS AM; DEALERS IX UOYER1U W5ST8, UOLD, ETC., Wo. SO South THIRD Street. 119 PHILADELPHIA. QA NKINC HOU8B OP Sos. 11S and 111 Sooth THIRD 8 tret PHILADELPHIA, Dealers In all Government Securities. . Old 520 Wanted In Exchange Tor Keif A Liberal Difference allowed. Compound Interest Notes Wanted. Interest Allowed on Deposits. COLLECTIONS HASH. STOCKS boasbl and aoM oa Oommlsalon. Special bulneca accommodation reaerveC ladle.. We win receive application rot PolicM of L Intnranoein tbeKauonai Lire Xnaturanee Company Of tbe United Btatca, Vnll Information flven al oa otUoa llim . PAPER HANGINGS, ETC. PAPER HANGINGS WHOLESALE AND RETAIL. HAGLE, COOKE & ETO, ' LATE WITH Howell & Brothers, No. 1338 CHESNUT Street. Trade Supplied at Manufacturers' Prices. HOWELL & BROS., Manufacturers and Wholesale Dealers la PAPER HANGINGS, i .. , REMOVED TO t IVoh. 3 ami S EECATUB Street, BELOW MARKET, Between Sixth end Seventh atreeta. ' tZ2tf Q C A n a W A ft PLAIN AND DEC0RAT1YE PAPER HANCINC G, No. 251 Sontli TIIIIll Street, BETWEEK WALNUT AND 8FEUGB, " PHILADELPHIA. " 1 COUM'RT WORK PROMPTLY ATTENDED TO. 8 18 OOK1 LOOK!! LOOKIlt-WALLi PAPERS! aitf Linen Wluuow HhuUea runuufxo. tureU. the cbeapeslln Uieolly.at JOHNSTON'S lkpol, No. 104 JjFKINU UAKUKN Street, btlow E evenlii. Brauoh, No. So? HiuKHALi btreet, C'aiadeu, New Jerwey. Miftg A HANDcOMti AtouuiDinai ur W ALU Papers Window tihiidtm. H. F.UAL-. FMUil-ON BO1! w BPK1NQ HARDEN HUeeb GENT.'S FURNISHING GOODS. H. 8. K. Q. Harris' Seamless Kid Gloves. JBTEBT PALa WillKaMTKDi xcLuarvis Aamxua roa gknts' auoraa 1 4. W. SCOTT & CO., - rrbrp p A TENT BliODLDlB.Blall' SU1RT MANUFACTORY, ' " IaKD GKNTLEMKN'S FORNI3UINO 8TORH. PKRVItOT FITTINO BH1RT8 AND DRAWEBAV Biade tiouu Biwuriueot ai Vnry thori noiu, . All oilier ritcl- nl ufcN'i'l.k M HM'n nma 'OOOlXl I foil mty WINCHESTER COr"jr 111 Bio. 104 Uli Asia o x Sweet