-ui rriTi ixrm:n u i-kih: m cn-ir -n lmAiJisnri r lip r:JiN' hbOA"rAtI (TDb r4 , "IbOlT
nrim? or tuu run33.
K.lltorlnl Opinion of lio I.rm'lne; Journal
1 1 pn Current Tnirirn-t:iniilrt Kvrrjr
Ony for the Kvcnlnir Trli-Kraph.
THE INCOME TAX.
from the A'. V. r.vnituj I'ot.
It bns bncoino evitlnnt (hat ono of tbo first
n)nit't;liH to be entered upon in tbo next bom
niQ of CongrcHswill be for the renewal of the
income tax, ns it will expire after one more
HHBep.Hineiit umlor tbo limit i'lijtosoil by the
present law.
TbiH renewal will evidently bo rcHmleJ by
tbo mlvoeateH of heavy taxation now imposed
under the tariff, in order that they may pre
vent a reduction of the exorbitant duties now
levied, upon the plea ' that if you takeaway
the income tax no nioro can bo spai-ml.
They will thus al tempt to revurso tbo act ion
of England in this matter. In 1SI2 it had
become evident to English slatosmen that the
protective system so long adhered to was an
utter failure, and had resulted in a deficiency
of the public revenues of over ten million
dollars in tbo previous year; which deficiency
whh but an indication of the general condition
of the people. Ships were rot ting at the
wharfs, manufacturers were daily becoming
Jmnlunpt, and the agricultural population
was liti-ra'll.v slflrvitif'.
The tnrilY then in force in England was
much less absurd and iniquitous than our
own, and the average rate of duties far lower,
yet to it wis rightfully attributed a largo part
of the misery endured by tho people; and it
whs in order to et. able Parliament to reduce
or entirely abate a portion of tho most
onerous duties that an income tax was for tho
first time levied in time of peace. This act
limited the tax to three years, and tho revenue
to be derived from it was intended to replace
tho expected reduction of customs revenue,
hih it was assumed would follow tho abate
ment of duties. I'.ut although duties were
lowered or taken oil' upon over live hundred
articles, the increased prosperity of the coun
try was so great as to cause a much larger con
mnuption of the things upon which duties
were continued, and the actual reduction in
the amount of revenue proved to be very
small. The income tax, therefore, covered
the previous deficiency and left a handsome
tiurplus to accrue towards payment of the debt.
At tho end of the three years, in 1SI.', in
spite of a great struggle to the contrary, the
income tax was renewed, in order to make
another reduction in the tariff possible with
out danger to the revenue: and this time the
duty on over seven hundred artieleswas either
totally abated or largely reduced. Again in
creased prosperity was the result, and the
customs revenue maintained itself nearly
to the full amount collected prior to the
revision.
From these experiments, as we may call
them, tho lesson was learned that the indirect
taxation levied under a protective or even a
revenue tariff is far more injurious than an
income tax, with all its imperfections ami in
equalities. Since ls-LI the duties imposed under the
English tariff have been abated, until within
tho last year the last vestige of protection has
disappeared with the duty of a shilling a
quarter upon corn: while tho income tax,
varying in rate according to the exigency of
the times, has become a part of tho perma
nent revenue system of t lie Eritish empire,
which no one now dreams of abating entirely.
In a speech delivered a year or two since,
before the Society of Political Economists of
l'aris, Mr. (Hailstone stated the results of the
English policy in the following words:
"Will you forgive me, jieutlpinen, and will you '
acquit me of iiresititipt i(u, If, before I close, 1 lay
hefore you the latent results of our experience? We
liave advanced far in Vlie process of liberating trade.
'J'lie cllorts and the legislation of a quarter of a cen
tury have reduced our tarul from twelve hundred
articles, it may almost literally lie said, to seven. Of
these seven there Is one which, liirlit as the duty is,
I cannot justify or defend. It Is the duty on praiu.
(TtiiH duty has just been removed.) The others are
duties levied only to meet the necessities of the
Slate, and they include no protective element.
Oentlemen, for this comparatively advanced condi
tion 1 do not say that we deserve any credit what
ever. We set "the nations of the world a had and
pestilent example by building up, through
(leuerations, a protective and prohibitory sys
tem in all its rigor. We may thus, as
teachers, have lost all title to be heard. Never
theless, having mended our ways, we are
unxlous that other countries, too, should prom, if
not by our precept, yet by our example. For this
purpose I boimy reier to matters of act; and L do
not scruple, gentlemen, to assure you, as mat ter of
fact established by our experience, that the road of
free trade is like the road of virtue the tirst steps
are the most painful, the last are the most profit
able. If it be good to abolish prohibitions aud to
BUbstitute protective duties, if it be good to pass
from high protective duties to those which are
moderate, anil again from the moderate to the low,
there is one tep yet to be taken It is to abolish
such duties altogether; and, believe me, it is the
best of all. As long as a duty of this kind remains it.
isatterall a question only whether the chains laid
upon human industry and skill shall be heavier or
lighter; but there they still remain. And do not let
us fall into the sophism which would persuade us
that tho extinction of a duty is of necessity a loss to
the (State. The Slate abolishing duties which fetter
industry, finds its compensation in an Increased
return, which the augmented weolth and activity
of the country supplies from less exceptionable
sources."
It remains for us to apply this lesson to our
own cane. Our people must decide whothor
imstead of an absolute giving up of the income
tax, they will not endeavor to renew and per
fect it. That there is fraud under it now, no
one will attempt to deny, but it is a fraud
which costs the people simply tho amount
loBt; it is not like the fraud of a protective
duty, which not simply fails to yield much
revenue, but costs the people ten or twenty
times the amount collected by tho Govern
ment. There may be inequality in tho pre
sent income tax, but no such inequality as
that of a tariff under which tho silks and
broadcloths of the rich are taxed but sixty
per cent., while the poor man's blanket is
taxed three hundred. There may be injustice
in the income tax as now levied, but even
now there is no such injustice as that of tho
tariff, which deprives tho poor man of food,
of fuel, and of shelter, and doubtless the cost
of the tools with which be works.
Will tho people submit to a repeal of the
petty tax imposed upon incomes, while those
who now plunder the community under pro
cess of tariff laws are permitted to continue
their spoliation ?
Let it rather be enacted that false and
vicious taxes bo abated, and then a moderate
and well-adjusted income-tax will bo cheer
fully paid by those whose gains are honestly
nd fairly earned. Tho people should distrust
the arguments of those who not only despoil
them under the falso pretenso of protecting
them, but are averse in yielding oven a
fraction of their spoil for the support of the
Government.
THE NATIONAL DEBT.
From the S. Y. Tribune,
The country is again gratified and its
enemies, domestic and foreign, afllictod with
an official statement that the national debt
was reduced seven millions four hundred
thousand dollars during the last month, and
would have been reduced by more that nine
millions but for the necessity of paying over
ie wilitfQ ana a hiii of interest on. quH
advanced to tho Pacific lload (or roads) which
they are under obligation, but not yot able,
to day. Tho total reduction of tho debt since
(lenoral Grant assumed tho Presidency (five
months) falls a little shoit of forty-four mil
lions of dollors.
We are reoping the bitter fruits of Mr. Mc
Culloch's persistent violation of an imperative
law of the land. That law peremptorily re
quired him to buy up and hold as ft sinking
fund ono per cent, por annum (between
twenty and twenty-.;ght millions) of the eu
tire national debt. Had he obeyed this law
lie could have bought twenty-five millions per
annum of (ho debt for less than twenty mil
lions of gold, and saved over ten millions in
interest which wo have been paying on bonds
which should have been long since snug in
tbo sinking fund, Ey violating tho law bo
depreciated tho national credit mid cost tho
country at least twenty millions of dollars
ton millions that would have been saved by
buying w hen tho bunds wore cheaper, and ten
millions of interest that would have gone into
the sinking fund instead of the pockets of tho
bondholders.
Mr. Eoulwcll scorns to bo doing his best to
regain the oround SO WaUtonlv tliriiwll ownv
lie announces that ho will buy ten millions
more of bonds in tho course of this month;
r.nd ye infer that he will , r buying so long
as he bus the lneni.P, unless Congress should
Mi'! him, J(o iuuld doubtless buy faster
perhaps fifly millions forthwith but fjr tho
fact that this would raiso tho price of bonds
exorbitantly, lie is buying, wo presumo, as
fust as bo thinks he can and avoid this rock
in his course.
The end plainly in view is the funding of
our debt at a lower rate of interest. Over
sixteen hundred millions of It is in tho form
01 nve-iwenties, w Hereon wo
are ravnm six
per cint. interest, when most of them are,
and the residue will soon be, subject to re
demption at uie pleasure of tho (iovornment.
It is a shame that ono bond should be out
standing on which this right of redemption
has accrued. If wo could fund those sixteen
hundred millions at four per cent, (and we
hope a long bond, untaxable, and paying in
terest wherever tho borrowers shall prefer,
may be lloated nt or near that rate), it would
save to the country no less than thirty-two
millions per annum a sum that, invested in
tho sinking fund, would of itself pay off
the debt within forty years. To fund tho
debt at a low rate of iterest is to bo the groat
triumph of General Grant's administration,
unless his enemic, by thoir projects of direct
or indirect (greenback) repudiation, shall
succeed in preventing it. They aro working
to this end with unscrupulous desperation.
Hence the swindling resolves of their West
ern State Conventions; hence tho various
knaveries in our dealings with our public
creditors proposed in their journals and
speeches. They must be met and beaten.
To the funding of the debt at a low rate, it
is an indispensable prerequisite that wo shall
go on steadily and vigorously paying it. To
reduce the revenue to tho current needs of
the Government and stop paying debt, is to
postpone indefinitely tho prospect of funding
at four per cent., and thus maintain the pre
sent exorbitant rate of interest. Let no
friend of tho administration consent to pur
chase present ease ai. the cost of a permanent
burden. Let us keep tho revenue up to tho
present standard, economize expenditures
to the last degree possible, and keep on paying
oil' debt at the rate of eighty to one hundred
millions perannum, and we shall soon be ablo
to fund the Five-twenties on our own terms.
THE DEMOCRATIC INDICTMENTS
OP
THE PRESIDENT.
From the AT. T. Times.
Tho Mayor and Corporation Council, as
sisted by some half dozen of the Tammany
Sachems, and officered by Gen. Win. M.
Tweed, called their friends together last even
ing to denounce the President for going to
Loc," Branch and his Secretary of State for
going home, "in holiday contempt" of tho
sufferings of American citizens in trouble
through excess of zeal for Cuban and Irish
independence.
Sympathy for our fellow-creatures in trouble
is always a noble emotion, and wo aro glad
while wo sorrow that our city is ruled by a
Mayor who takes other people's sorrows so
much to heart. Dean Swift used to say that
ho never knew any one who could not bear
the misfortunes of another like a Christian;
but it is hardly too much to say, after reading
their call and the resolutions adopted at their
meeting, that it is just as much as ever the
Mayor, General I weed and their mends can
do to bear tho misfortunes of tho Cuban and
Irish patriots in tho way which the Irish Dean
thought so easy. lTow or why tlioy would
have felt any better about it, if the President
and bis Secretary bad not gone to Long
Branch or elsewhere, and why they would
have suffered less if the President and his ad
visers had suffered more, though implied, is
not explained.
We would Vie the last to discourage the
sympathetic impulses of the gentlemen who
take such gloomy views of tho shortcomings
of the Government at Washington; at tho
same time we cannot refrain from remarking
that in the wholo length and breadth of their
speeches and resolutions there is no evidence
whatever that either tho President or his
Secretary aro neglecting their duty towards
our citizens either in Ireland or Cuba.
Our police jurisdiction does not extend
to either of these turbulent islands; if they
did, our Mayor would send the Superinten
dent of Police directly to the seat of all
the difficulty and have the wrong righted
and the crooked made straight. Unhappily,
or happily, the President cannot deal thus
summarily with outrages occurring nnder
foreign Hags. Pacts duly authenticated must
first bo procured, representations must then
be made, counter representations must then
ho heard; sometimes deliberation must fol
lowa great deal should precede; a resort to
tho summary measures which tho Mayor nnd
bis friends givo us to understand would bo
employed if tho Democratic party wore so
fortunate as to be in power. It is when the
organs of that party make such declarations
that wo feel most entirely reconciled to tbo
result of the last Presidential election and its
exclusion from a controlling influence in the
Government.
We think tho Mayor and his friends havo
mistaken tho character of tho President in
charging him with indifference to the fate of
his countrymen abroad. He won his funio
and finally the Presidency bv tbo ability h.,
displayed in punishing tho enemies of bis
countrymen, mid in tho absence of any
lights other than such as aro in our posses
sion, we would recommend our Democrat in
memm to net ujh.u the preHumption that the
rieKulent will trout tho enemies of Amt'ricnus
hereafter substantially as ho lwn done hereto
fore. This is no more than justice to him, and it
is tho sort of jiiKtir u which the Mayor will ex
leet whon ho or his friend the Governor re
ceives the just rewardH of putiont waiting, and
re, in their tr, ijwjt'y Vy ueety
Jpuujjcftaj,
CANBY'S CAPER.
From the JV. T. Wnld.
Comninndiint Canby's attempt to forco the
test oath, or iron-clad, on the members olect
of the Virginia Legislature, brings forcibly to
mind tho absurdity of that blot upon our statute-book.
In its essence, the test-oath simply
Amounts to this: That no man in the "late
Ecbcl"!fttates isto hold office if ho at any time
was in sympathy with or rendered aid to said
States during the war. Now, as office, nnder
our form of government, is but roprosentiw
tion, and as representation is tho bodying
forth in p' tto of tho people at large, it follows
that (ho te'.t oath is a mere means to erect in
the Southern States a close communion of loil
nun. Such a communion throughout tho
South, every lost soul of them in office, may
be a very good thing for tho retention in power
of that colossal incubus known as the radical
party, buf't is a question whether it is equal
ly as good for ibu country at large. The wel
fare of tho vholo is best sub
rtrvf 1 by tbo wclfnro of the
several parts making tho wholo, and it is
folly to expect tho States of tho South to
prosper ns well as they might so Jong as their
public business is required to bo transacted
by men whoso only qualification is that they
are not properly qualified to transact it at al!.
To require the members of theVirgtnia Legis
lature to swear that they never sided with Vir
ginia, from 1MI1 to lWih, is the same as to re
quire the members of the Legislature of Iowa
to swear that they never sided with Iowa dur
ing that period. We say it is tho same; for
all tho clap-trap about rebellion, tho great
heart of the nation, proscription, ekal rights,
and ko on, to tho contrary notwithstanding,
the plain issue in either ease is that no man
sbnll, as a legislator, deal with tho resultant
issues of the war, who, during tho war, was in a
position to know, personally, tho deeds, tem
per, history, and opinions of his State. What
chance would an secessionist who would
have been pretty apt to have been hustled
out of Iowa in that year, and equally apt to
have kept out till ISdo what chance would
he have to properly enact the part of a mem
ber of the Legislature of that State? How
could ho know tho contemporary history of
his constituency for his four years of absence?
How possess their confidence after his four
years of bitter estrangement? It would bo
monstrous to forco a whole legislature full of
such men on Iowa; and yet just this mon
strosity this trickster Canby is seeking, by
means of the test-oath, to perpetrate in Vir
ginia. The whole thir.g is wrong the rule
and the instance. Representation, to bo re
presentation, must be free. It will then
seek its fitting channel; loil men will repre
sent loil men; Rebels, Rebels; tho sheep,
sheep; and the goats, goats.
JEWELRY AND SILVERWARE.
SPECIAL NOTICE.
On and After Monday,
JULY 5,
WE WILL CLOSE OUR STORE
AT 5 F. XVI.
UNTIL FURTHER NOTICE.
CLARK & BIDDLE,
No. 1 1S4 Clicsnut Street,
811thm PHILADELPHIA.
PAPER HANCINCS, E I C.
pjARD fit lYlcKEEVEFl,
17o. KCO CIIZSIIUT Street.
SlRINli- STYLES.
THE FINEST STOCK,
THE CHEArEST TRICE,
617mwf3arp
TnE BEST WORKMANSHIP
QEAN & WARD,
PLAIN AND DECORATIVE
PAPER HANGINGS,
SO. 251 SOUTH THIRD STREET,
BETWEEN WALUCT AND 8FBCCH,
PHILADELPHIA.
COUNTRY WORK PROMPTLY ATTENDED
to. Li!!
LOOK! LOOK 1 1 LOOK MI-WALL PAPERS
and Linen Window Shades Manufactured, the
cheapest in the city, at JOHNSTON'S Depot, No. I IMJI
SPRING GARDEN Street, below Kleentn, branch. No.
NEW PUBLIOATIONS.
THE NEW BOOKS
FOB SALE AT WHOLESALE PRICKS BY
! O K T 12 II At C O A T 12 N
Publishers and Booksellers,
NO. 822 CHESNUT STREET,
Marble Building, Adjoining the Cont.nor.Ul.
Our New and Elegant
ART GALLERY.
Ia now open with the finest collection of PAINTINGS,
OI1KOMOS und ENGRAVINGS in tho city. 3 U mwip
CENT.'S FURNISHING COODS
H. S. K. C.
Harris' Seamless Kid Cloves.
EVERY PAIR WARRANTED.
EXCLL'SIVE AGENTS FOR GENTS' GLOVE A
J. V. SCOTT & CO.,
B 275rp No. 814 CHESNUT Street.
pATENT SHOULD BU-S BAM
SHIRT MANUFACTORY,
AND GENTLEMEN'S FURNISHING STORE.
PERFECTLY FITTING sniRTS AND DRAWERS
made Irom nieamirenient at very short notice.
All other articles of GENTLEMEN S DRESS
GOODS In full variety.
W'vr,TTwe,rp,' CO ,
ji i jo. 'm 'ciiJUflB x street
THE BEST
CALIFORNIA WINES.
California, Hock, Claret and Sparkling,
for Table Use.,
California Port and Brandy, for Hedi
( cinal Purposes.
California Angelica and Muscatsll, the
Pinett Ladies' Wines,
AT
QXXjXIII Al CO. '3,
Nob. 14 and 16 VKSEY Street, Now York,
No 1(8 THEMONT Street, Itoston,
And Nob. 34 nnd 30 LA SALLE btreet, Chlmpo.
Fur Kale In Philadelphia by
SIMON COLION A CLARK K,
JOHNSTON, HOLLOWAY A. COWDEN,
UKIPPEN A MAPDOCK,
IllLL'JCK ft CKBSSUAW,
P.1SK A MUS.HON,
WRIGHT A BIDMI.L,
RODERT I1LACK A SON.
THOMPSON BLACK'S SON A CO.,
JAMES B. WEBD.
1'y A. II. IIAYWARD.Gcrmflntown,
VEN It l'.KO , Camden, New Jersey.
irillI.ADEI.PH!A, July 23, 1800.
AlPvsrx. rerKiiiR, hlern l;o. iuu nnra mr-
nihlied iih from time to time by your house Imve
frlvi-ti entire Hntlsfuctltm to ciiHtotnerB, nnd are iwvv
a staple artiele in our trade. We arc nlenscit to lie
able to Ray that we cotiRider them entirely pure.
Truly youw,. SIMON COLTON A CLARK E.
P3t-r- r-: Pnit.AOKt.riuA, July 23, isr.9.
Messrs. reruns, Mern A Co. our Wines have
liecitne a staple artiele of merehauiliso with us, and
pive our customers universal satisraetinn. from
such examination as we have frlven them, ami tin;
reports we hear of them, we have no doubt of their
Btrlcl furltv. Hespeeuully,
JOHNSTON, HOLLOWAY A CoWOKN.
Camden, N. J., July 23, 1869.
Messrs. Perkln", Stern A Co Out experience with
your Wines anil Brandies reaches back almost to tho
Introduction of tho (roods to tho people of the At
lantic Mates. We have taken pains, at dlll'erent
times, to submit them to sclentillc men for examina
tion, and, from their reports, and the growing
niand, we believe them pure and know them to give
satisfaction. Yours, very truly,
8 2 mwf 2m KWEN A BROTHER.
WATCHES, JEWELRY, ETC.
V.EW1S LADOMUS & Cof
'DIAMOND DEALERS JEWET.EUS.
WATCHES, JEWELRY SILVER WAHK.
,-WATCHES and JEWELRY REPAIRED.
-i02Chestnut St., PhUa-.
Ladies' and Gents' Watches,
AMERICAN AND IMPORTED,
Oi the most celebrated makers.
FINE VEST CHAINS AND LEONTINES,
in 14 and 18 karat.
DIAMOND an other Jewelry of the latest designs.
Engagement and Wedding Rings, In 18-karat and
coin.
Sold Silver-Ware for Bridal Presents, Table Cut
lery, Plated Wars, etc. s 2T
ESTABLISHED 1828.
WATCHES, JEWELRY,
CLOCKS, SILVEKWARB, and
FANCY GOODS.
O. "W. RUSSELL,
NO. 23 N. SIXTH STREET, PHILADELPHIA.
WILLIAM B. WARNE & CO..
Wholesale Dealers In
WATCHES AND JEWELRY.
8. E. corner SEVENTH and CHESNUT Streets,
3 2t Second floor, and late of No. 38 8. THIRD Su
BOOTS AND SHOES.
piNE CUSTOM-MADE
BOOTS AND SHOES
FOR GENTLEMEN.
BARTLETT,
NO. 33 SOUTH SIXTn STREET,
10 18 fmw ABOVE CHESNUT.
A good fit may always be obtained.
FURNITURE, ETC.
F
U R
N
U R E.
A. & H. LEJAMBEE
HAVE REMOVED THEIR
Fraittrs 6 Up Msterii ffarcama
TO
NO. 1127 CHESNUT STREET,
mnwrmfirorp oirard row.
LOOKING CLASSES, ETC.
J3TABLI8HED 179 5.
A. S. ROSIKSGN,
FRENCn PLATE LOOKING-GLASSES,
ENGRAVINGS,
BEAUTIFUL CHROMOS,
PAINTINGS,
Manufacturer of all kinds of
LOOKING-GLASS,
PORTRAIT, AND PICTURE FRAMES.
NO. 910 CHESNUT STREET,
3 1 Fifth door above the Continental. Phlla.
GOVERNMENT SALES.
OVK11NMENT WAGONS AT PUBLIC SALE.
Wahuington, D. O., Anguxt 2, W9.
Will bo sold at public auction in tliia city, at Judiciary
Kuuaro lBiot. K Htreut, on WKDNKSDAY, tho Hint day
of August, at 10 o'clock, KIQUTKHN WAGONS, new and
in auperior order, and complete in every particular.
Terms cutJi ia Government funds. Wafcons to be re
moved in forty eiifht tioura.
m CHAS. SUTHERLAND,
AMiniaul WeuiuU Punfyor, iitvm Colunol U. 8.
INSURANCE.
DELAWARE MUTUAL SAFETY INSU
RANCK COMPANY. InoorporaUd by the Lon
latare of Pennsylvania, 1K&
Office, 8. K. corner of THIRD and WALNUT Btroetn,
rhiUdnluhin.
MA RINK INNURANCFR
On Veaaole, Cargo, and Ktxivht to all vnrit of the world.
INLAND INSURANOK8
On roods by river, canl, lake, and land carriage to all
part ot the Union.
'IltK INSURANCK3
On Merchandise nenerallyjm Sloree, Dwollinns, House
AflgFT or Tim compaitt,
November I, lwtt.
t2O0,00U United Rtatoa Five l'er cont. Loan,
naop.iwu-oo
lan.OW) UnitiMl tUtos hit For Cent, loan,
1KH1 l.'W.WU'UU
6(1,000 Unitml Ktatee Six l'er Cent. Ioan
(for'Pacirlo Hailrond) 60,1100 00
SdOflO State nf Pennsylvania Six Tor Cent.
Loan Ml, 376-06
18t,U)n Oitv of Philadelphia Kin Yor Cent.
Ixwn (eienipt from ts) 13X,5i't 00
60,0110 BUte of Now Jersey Six Per Cent.
Loan 61,600-00
20,000 Pcnn. Rail. First Mort)rao Six Per
Cent. Bonds... ( 20,H) 00
ar.OOO Pcnn. Rail, hurond Mort. Six Per
Cent. Homls 84,000 '00
46,000 Western Ponn. Rail. Mortgage Sit
l'er Oent. lionds (Ponn. Railroad
guarantee) aO.bjri 00
SO.IXH) State of 'l'eunossee Five Pur Cent.
U.an 21,000-000
7,000 State of Tennessee Six Per Cent.
Loan fciririu
16,000 Oermantown Gas Company, prin
cipal and Interost guaranteed ly
City of Philadelphia, U00 shares
Kto'k 15,000-00
10,000 Pennsylvania Hailroad Company, 2ii0
shares Stork ll.W OO
6X10 North Pernxylvauia Railroad Co., 100
sharra Mock 3,SdtroO
20,f(X) Phihidolphia and Southern Mail
Steamship Co., H) shares Stock.... lo.lXKli'O
7,P00 loans on Hoard and Mortgago, tirst
Liens on City Proporties 2n7,(l.00
I,1W,WJ0 Par. Market valuo,$Tu)0,:ej i6
Cost, $1,0fi3,&H liti.
Rills receivable for insurance made
ilalances due at serncirs, premiums on marine
policies, accrued interest, and other debts due
too company
Stock and scrip of iindry'coVVH"raViona!'$iil'un;
Kstimated value .
Cash in bank '..'..'.."'.$ l'l 6. Vri I !
Vnan in drawer 413 ti5
.I'J.'I"' ' V
40,178-R8
1,813 0
ll,5tf3-73
Cl,tHT,3ti7'HI
DUiKC'ona.
i Kdii.uiid A. Souder,
( Samuel K. Stokua,
I II I'll ry Kloun,
William O. Lndwig,
Goorgn G. f.oipor,
llcurv O. I all. at, Jr.,
.'lolin D. Tavlor.
ThomaaO. Hand,
John O Davis,
James O. Hand.
'1 lioophiMis 1'auldmg,
tioamiii ii, ncal,
lluufi Craiir.
John H. Penrose.
Jacob P. Jones,
James Traquair,
George W. Kernadou,
v imam u. lioulloD,
r.owara MariinKfon,
11 1...W.- 11 i.
Jacob Riegel,
James H. MuKarland,
Kdward IjiiourcaUe,
Spencer Mcllvaine,
t. T. Moman, Pittabarg,
John H. Kemplo, "
ajobuua i-. I'.yre,
THOMAS ()! IIANli. Presidont.
JOHN O. DAVIS, Vioe-PreBidunt.
HKNHY I.TI.BURN, Secretary.
IIK'NRY RAlJi, Assistant Secretary. 10
1829.
CHARTER TEltrETUAL
Franklin Fire Iisnrance Company
OF PHILADKLPIIIA.
Office, Nos. 435 and 437 CHESNUT St
Assets Jan. I , '69, $2,677,372" 1 3
CAPITAL
ACt KI KI) Nl'KPLUS....
PKEM1LMS
rNSETTT.Kn CLAIMS,""
jioo.ooo -oo
i,os:t,r-2s-7(i
1,193,843-42
INCOME FOR ist
tZl,IOS-lZ.
13(50,000.
Lcssesiail8inceffl,over$5,500,00l
Pnrnntnnl and Tntnnnrarv P.ilixina rtn T.il.nnl T ....,
'I hu Company ulxo ihbuuh Policies on Kniits of UuiMnis
of all kiiiUe,Crouud Rents, und Alortguges.
DIRECTORS.
Alfred fi. Raker, , Alfred Fitlor,
Samuel Orant, I Thomas Sparks,
Oeoige W. Richards. I William S. (irant,
Isaac Lcn, I Thomas S. Kllis,
George Fales, (iustavus 8. Kensnn.
AI,I''P l'D O. BAKF.K, President.
,.o . ...vtJOKliK FA LKS, Vice-President.
one, w . nii.a iiian i r.ii, oecrotiiry,
THKODORKM. RKtiER, Assistun
iistunt Secretary.
A
S D U R Y
LIFK INSURANCE COMPANY.
No. 291 BROADWAY, corner READIC Street, Now York
CASH CAPITAL iHl.-jO.om)
$136,000 deposited with the State of New York as security
for policy holders.
I.KMUKL BANGS, President.
GEORGK ELLIOTT, Vice Presidont and Secretary.
KMORY McfJMNTOCK, Actuary.
A. K. M. PURDY, M. 1)., Medical Examiner.
Thomas T. Tanker,
MiPhlir.BUlU BY FEHMIHHION,
John Al. Mans,
J. H. Llppincott,
James lxiug,
Jamos Huuter,
Charles Spencer,
John A. Wright,
Arthur O. Collin.
William Divine.
S. Morris Wain.
John ii. MoCrearv.
ru. ii. vrurue.
in ttie ouaraoter
OI 1LS ISlrectora. onnnnmv nt ii nn.rro.
TYl 1.1 1 f rAaiu.nul.lar.Aua et h a I. ll'H V ," !.' M I 11 ... .
OF DECLARING DIVIDEn6h. no restriction in female
lives, and absolute non-forfeiture of all policies, and no
restriction of travel after the tirst year, the ASBuRY pre
sents a combination of advantages otlurod by no other
company. Polici'oa issued in every form, and a loan of
one-third made when desired.
Special advantages offered to clergymen.
lor all further information address
JAMES M. LONOAORB,
Manager for Pennsylvania and Delaware.
Office, No. Sd-J WALNUT Street, Philadelphia.
FORM A N JUOLLINSUHA Bpeciu Agent-YhS
gT RICT LY MU TUAL
Provident Life and Trust Co.
OF PHILADELPHIA,
OFFICE, No. Ill S. FOURTH- STREET.
OrKanlzed to promote LIFE! INSURANCE amonij
members of the Society of Friends.
Uood rlk8 of any cluws accepted.
Policies Issued on approved; plans, at the lowest
rates.
President, SAMUEL R. SHIPLEY,
Vlce-Prealdent, WILLIAM C. LONOSTRETH,
Actuary, ROWLAND PAKKY.
The advantages offered by thla Company are on
excelled. 975
JNSUKE AT HOME,
IN TUB
Ponn Mutual Life Insuran
Uu
COMPANY.
No. 921 CHESNUT BTREET, PHILADELPHIA.
ASSETS, $2,000,000.
CHARTERED BV OUR OWN STATE.
MANAGED BY OVll OWN CITIZENS.
LOSSES PROMPTLY PAID.
POLICIES ISSUED ON VARIOUS PLANS.
Applications may be made at the Home Office, and
at the Agencies throughout the State. a 18
JAMES TRAQUAIR PRESIDENT
MAIM I E. STOKES VIOE-PRKSIDKNT
JOHN W. HORNOK A. V. P. and ACTUARY
aOUATIO W. STEPHENS SKORKTAttY
rpiIE ENTERPRISE INSURANCE COMPAN Y"
1 OK PHILADKLPIIIA. 4 . 1
Olfice 8. W. Corner FOURTH and WALNITT Rt,.,i.
FIRK INhURANOK KXCJ.tJSI VKLY Btreet
PKRPKTUAL AND TERM POLIOIKH i ISSUED
Cash Capital a'vii Tiii-nn
CaaU AaaeU, May, IMS, OVER H AJJt' A 'UuMoS
DIRECTORS.
F. Ratchford Starr,
J. Livingston Rrrlngar.
Jamea L. Olaghorn.
nauiro racier,
John M. Atwood,
Reujamin T. Trediok,
Oeorge 11. Stuart,
John 11. Drown.
Wiiliaiu it. lioulton.
Charles Wheeler,
Tbouiaa H. Montgomery,
lame. Aartjinn
TbiH Coiimanv insaree onlv
Brst-olaaa risks, taking no
specially hazardous risk whatever, suoh
lactone
nulla, hi u.
F. RATOnFORD STARR. President.
THOMAS H. MONTUOMKKV. Vice-President
AUCXAKDKB W. VViMTKB, Secretary. jjo
IJIKENIX INSURANCE CCIpTnyT- OF
J. PHILADFXPHIA.
INCORPORATED 1WI4 OHARTKR PERPETUAL.
No. -24 WALNUT Street, opposite the Kxcnane.
Tins Company uuiurea from loaa or danxage by
I1 IRK,
on liberal terms, on buildings, merchandise, fnmitnre,
etc., for limited periods, aud permanently on buildings by
deposit of premiuma.
The Company baa been In active operation for more than
SIXTY YEARS, during which all loawM have been
promptly adjusted d paid.
John L. Hodge,
David Levrta.
M. K. Mabouy,
John T. lwis,
William S. Grant,
Roliert W. IaminC,
Henjamin K.ttlnrf,
Thomas H. 1'owerl,
A. R. McHenry,
K.dmund Caalillou.
Samuel Wilcox,
P. ClarkWbailoD,
Lawrence Lewie, Jr.t
,111.1 ziw . yi. noma.
JulIN E. Wi:ciii.-.RKK. PraaldenL
twis u. riorris.
LUra&tfUC0X.fii;iU7. iiai
INSURANCE.
IAME INSU KAN UK UUMPAf
No. W chkhimu r ntreeu i
INt'ORPORATKD lR.rH. CHARTER PKRPKTUi
CAPITAL, 3(KI.(in(l. J
FIRE INSURANCE EXCLUSIVELY. I
Insures against Loaa or Damage by Fire either by Pr
tnal or Temporary Policies.
DIRKUTORSt
Charles Richardson,
W illiiim Ii. Hlinwn,
Franeis N. Ruck,
Hfniy l ewis,
Niithan Hilh'S,
t .i . r i.
John Kesnler, Jr.,
Kdward B. Orne, ,
Charles Htoke
John W. F.verman, i
Mordeoai ttur.hy. f
Ocorge A. West
CHARLES RICHARDSON, Presidnn
WILLIAM H. RIIAWN, Vloe Preside.
WtM.iKMB I. Rl.ANCliAnn, Socrotary. 7t
THE PENNSYLVANIA FIRE INSURAN
COVPANY.
Incorporated iiti.r Charter Perpetual. I
No 610 WALNUT Street, opposite Independence Rqu
I bis Company, favorably known to the community
over forty years, continues to insure against loea or dam
by fire on I'libhc or Private Hiiildinas, either permane
or for a limited time. A Inn on r iirnitnre. Stocks of tiot
and Meri-liandise generally, on liberal terms.
I heir I apital. timet ner wit n a largo nnrpinn rnno, Ii
odor to the insured an audoubtod security in the cas
loss.
pinr.cToni.
Daniel Smith, Jr., John Davnrem,
Aleuindor lienson, 'i'bomaa Smttb.
Inaae Hs7.1ohnrit, Henry fwia,
Thomas Robins, J. (.illini;ham Fell,
l)uni.l Haddock. Jr.
DMKj SM1TII, Jb PresideT'
WM. O. CROWKLL, Socrotary. b in,
OFFICE OF THE IN8IIIANCR COM PA i
OF NORTH A'lli.itlUA, No. 2Si WALNUT Sirs
Philmlolpbla. I
lucoiporatcd inp.rter rerpetaal.t
l.anitat. ar.-io.i.
Assets ; MAKi
MARINE, INLAND, AND FIRK lNSURANUK.'-
OVK.Il 5il.LJfl.(-jil t.o:j..-...-s nun KIVCB ITS nn.j.f
IATION.
ElHlT'TOllg.
Artbnr O. CoWn,
taniuel W. Jolim,
John A. Rrown,
Cbiirb-s Tn.vlor,
Ambrose white,
William Welsh,
S. Morris Wain,
I ..V. .. Kl
I'rorus It. fope,
K.iward U. Trotter,
filwaril S. Clarke,
T. Ohirlton Henry,
A 1 1 red D. Jesanu.
John P. Whit
I)i:iiO. Madeira,
Charles W. Ooabmaa.
1,1 " '" " . wuooi rv. vaanmam. c
George L. Harrison, 1 j
Al) I'TIIIU Il -... . . .1..
. . , , . .1 . r r j pi , frneldont. t
at.,.. x.,i,KA,"'KS PLATT, Vioe-PreaidentJ
MATTITTAB MARIR, Socrolary.
piFEUIAL PIKE INSUItANCB 0
LONDON. I
ESTABLISHED IJ'O.L J
Pald-np Capital and Accumulated runda
8,0()0,000 IN GOLU
PREV0ST & HERRINO, Agenti, j
a 45 No. 10T S. THIRD Street, Philadelphia
CIIArj. M. rRSVOST. CHAS.- P. HERRIK
SHIPPING.
tO R LIVERPOOL A
'OUKKN.STillWJI-Inm.. I i - -. V.-
e or Mil
til as fa
P. M. f
at 1 P. K
cLJSCS? yP' Y'".1" ai'l'oiniea to sail aa
l ily oMAashiogton. Saturdiiv. Anm.n ,.t i r
City of Cork, via llalifai, Tuosdiiy, AngUHt'lil. ai
r",y i ?,n,,werpi Suturdny, August 14, at 11 A. M.
...., ooiuroay. August ai, at 1 P. M. t
RATES OF PASSAGE. f
PY THK MA II. Hl-KAMEB BAILINll KVFllY RATmiPAY I
r.rNW; $ MM j STEFrl AtfE." 0urren' ?f
IS ttf: ii ?s&-"
''""'v.nLi'rJ.IIS TUESDA1f STEAMKK, Via' HAuKAi"
Payable inOold.
Liverpool ,
Halifax
St. John's, N. F.,
hv iin..i, .......
jr. 1st. John's'.' NF.'.
.1 bvKran.h Si...,.
Passengers forwarded to Havre.
Hamburg, Rremoa
I u-keU can be bought here at moderate rates bv n
sonswisbiiitftoseiii for their frin,i ruleB p
uK'i".rSrnMi"' applyat the Company's Office,
v.. Atauc, Ageiu, no, la 1JK(JAIWAY. N Yi
or2 O'DONNKLL A FAULK, Ants 1
JJ No. 411 CHESNUT Street, Ph'ilolphia.
"if .','niia,o I J14, o. u
ILL.
THE SOUTH AND SOUTHWEST.
FAST FREIGHT I-IiVli
EVERY THURSDAY.
The Steamships PROMETHEUS, Captain Grar
J. W. EVEHMAN, Cnpt iln Snyder, '
WILL FORM A KE(U LAI WEEKLY LINE.
n-i-i-T'Urx1,l,'V,p 1 "UMI-1 il s wUl sail or!
Tl I ESDAY. Atiiriist. 111. nr. i P ii 1
c. T!'r,!ll?.h bllls !"" 1'K Riven lii conneetion witK
S I If It Tt ...llllla In .1... U.o.tt. .. .1 . .
InKiiruiK-e at lowest rates. Kates of frciitht aa low
"j vmci lumi, x-ui irt'iKiu, uppiy to
o., 1
DUCK STREET WIIA
TrTt ONLY BIRECT LINE TO FRANCE
U l L'U'll
" vna M.LU UAl Iti' I J A 1,1,1 AT
The splendid new vessels on this favorite renin for h
Continent will sail from Pier No. 60, North river, every.
,.. , , J PRICE OF PASSAGE
in gold (including wine).
TO BREST OR HAVRE.
First Cabin ifcuo Second Cabin... .
, , . ., TO PARIS,
. (Ineluding railway tickets, furnished on board.)
First Cabin $145 0cond Cabin
,.$85,
1 oese " minim oo not carry steerage passengers. i
Medu-al attendance free of charge. I
American travellers going to or returning from the eon J
tinent of Europe, by taking the steamers of this line avoid
- iiu,u iniuan iy ji.iifiiHn railways and
crosainir the obiinno). bnwi.luu HUDlrt . 1.1.- .""1
" j . t,iiiiu, Liimuiu, Hnil flli
Pue. GfcOkOK MACKEPiZIIC Aient.
, INo. M BROADWAY, New York. .
tor passage in Philadelphia, apply at Adams' Kxoresi
Company, to H U LFA F
1 No. 320 OHESNUT Street.
PHILADELPHIA. RICHMOND,
"T UOVWU FRKIGIlTYaTrMfe1
THE SOUTH AND WEST.
r-i r in OA l UKHAl,
SUeotn00n' HKS'l' WUARF above MARKE1
THROUGH RATES to all points in North and SoutH
Carolina, via beaboard Air Lino Railroad, connecting at
Portsmouth and to tynuhburg, Va., Tennessee, and ths
West, via Virginia and 1 ounessee Air Line and Richmond
and Danville Kinlroad.
Freight HANDLED RUT ONCE, and taken at LOWER
RATES THAN ANY OTHER LINK
The regularity, safety, and cheapness of this ronte 00m
mend it to the public as the most desirable medium
carrying every description of freight.
No charge lor commission, drayago, or any expense
trunstur.
Steamships insured at the lowest rates.
Freight received daily.
, WILLIAM P. CLYDE A OO.,
No. 13 S. WHARVES and Pier 1 N. WHARVES.
,m T?.,:,,., Kill A''"l at Richmond and City Point.
T. P. CRONS ELL A CO., Agents at Nerfulk. 1
LORILLARD'S STEAMS1U
LINE FOR
NEW YORK.
Sailing on Tuesdays, Thursdays, and Saturdays.
F'reight by this line taken at 12 conta per 1H1 imundi, '
cents per foot, or 1 oent per gallon, ship's option. Ad- f
vance charges cashed at office on Pier. Freight received 1
at all times on covered wharf. J
JOHN F. OHL,
2 28 Pier la North Wlurvea.
N. B. FTitra rates on small packages iron, mdul, eto. i
xi?ir pviiiipoj . . . 5
-J!" A Aloxnudria, Georgetown, and Waahiigtnn O
aSaoEnil!., via Chesapeake and Delaware Uanal, with
eoiini'ctioiis at Alexundria from tbe most direct roule for
Lynchburg, Bristol, Knoxville, Naahvillo, Dalton and tba
Southwest.
Steainera leave regularly every Saturday at nool from th
first wharf above .Market street.
Freight received daily. :
WILLIAM P. CLYDE I CO.,
No. 14 North and South Vlntrvlia
HYDE A TYLER, AgenU. at Ueonclii" M
F.LDR1DGK 4 CO., Agent, at Alexandria, Kl
? K ijiir. (iiii TSKW VljlK, VIA
lue CHEAPEST and y UK) REST wa(er Kmunun'io.
tion between Philadelphia and New York '
SteamerB leave dally from lirst wharf benw Marke
atreet, Philadelphia, and foot of Wall street New York
Goods forwarded by illl the lines running nit of Nai
York, North, East, and West, free of cumiuision.
Freight received and forwarded on acomiuodatia
term. WILLIAM P. CLYDE A CO iiem.
no. US. DELAWARE Avenue, PhuuTulpbV
6 3?
No. 119 W A LL Btreet..Vaw Viirfc
, ffiSLfc NOTICEFOR NEW Y)RK. VH
W'T TjT Delaware and Raritan Canal. HV IH I SITUia
TRA NSPOKTATION UOMP NY -llRiP
PATCH AND SWIFTSURE LINE. "K.-DKJJ.
The business by those lines will be resumeoSn and
the Mb of March. For freights, which wTlWe t?kJ!faJ
accommoduting terms, ifpply to ' "'"'u "
W ii RAIIlk 4 CO.,
4
3v.