THE DAILY EVENING TELEGRAPH PHILADELPHIA! WEDNESDAY, OCTOBER 20, 18C9.
srzxixTor tuu rxisss.
BdlloHnl Oplln mt the Lending- Jaiirnala
Ipaii Carrent Tplr -Compiled Krery
Dar Tor the) Eienle) Telegraph.
TITE CONGllKSHIONAI. 'COM
THE DECAY Ol THE
'COMMITTEE OX
AMERICAN
MARINE
frm the X. T. Time.
The meeting of tho Npoc.iul Congressional
Committoo on the (Way of American Cuii
juorce lws adjourned tft bo reopened in IJos
lon. Much information wan presented to
hem by our prominont merohiuits and ship
IbuilderH, as to the causes of this national
misfortune, but we venture to say that not
nil the Btatements of the gentlemen ex uu
ined oontained half as much thorough ex
planation of the inferiority of our marine, as
I be letters we are publishing from n special
UonuuLssioner we have detailed to the ship-aid-s
of the Thames, the Tyne, and the
LlyJo.
TIim truth m that the condition of our ship
Imilding interest is merely a symptom of a
aliso;wa which is eTorywhore affiicting our
)iwiuctiou. The only peculiarity about ship
lin U, that there we cannot help seeing the
junlndy.
Mr. Wells has made it vory clear in his
famous report that tho results of a heavy
laiift on raw materials and of an inconverti
ble cmreney, are finally to make production
Ho enormously costly that where there is
foreign competition, our great branches of
gnnnufactura must break down, or else be
lield up at an excessive cost to consumers.
Jlany other important branches of industry
Would be now precisely in the condition of
our shipbuilding, if they were not sustained
y heavy duties. But even with the help of
lueso they are languishing, and the means of
rvery purchaser nre cramped. His purchas
ing power 'is diminished through
JLe necessity of aiding to bolster
up weak manufactures. The worst of
this with the inconvertible currency
Is that each workman must draw
fcigher wages to balance the losses to which
lie is subject, and thus every portion of a
Saauufacturing enterprise, labor, material,
machinery, and supervision, become more
rontly, until our industry ceases to be able
lo compete with the world's industry. In
nany branches we do not see this; but in
shipbuilding we are open to absolute free
trade, llere there must be unchecked com
petition with the world. There can be no
tariff on ships, except in our coast trade.
tur whole industry, with all its burdens, and
cur defective currency, here must struggle on
p free field with the experience, the capital
Bind unfettered production of Europe. All
the losses of our production appear at once in
our shipbuilding and in the cost of sailing
pwv vessels.
The statements made before the Congres
sional Committee show that our condition in
the matter of the marine is even worse than
lias been popularly supposed.
We shall evidently sink very soon to the
fctate of a fourth-rate or fifth-rate commercial
power, unless some remedy be devised. The
most approved cure of our evils which was
Suggested to the committee was a rebate on
the duties upon all the materials which enter
into the construction of vessels, especially on
copper, metals, and cordo.ee. Mr. A. Low
expressed the general sentiment of our com
annuity when he said that wo could not pro
pose the entire transfer of our shipyards
abroad, as would be the case if we were per
mitted to build our ships and steamers to
England. This is an extreme of free trade
jRhich the people are not likely to adopt.
Mr. Low, whose opinions are to be received
wvith much respect, did not have the confi
dence in the superior ability of American me-
cnamos over liritisu wnicu others testineu.
then become demoralized." lie doubted if
We could produce such excellent ships as the
English. His remarks on the uniform and
tkillful encouragement of commerce by the
15ritifih Government, and the uniform neglect
of it by our own, wore striking and unques
tionably just.
Our correspondent on the Tyne, it will be
remembered, has little faith that even a
rebate of duties would enable ns to build
iron steamers as cheaply as the British ship
builders, especially on account of the differ
ence of wages between the two countries.
IThis may be the obstacle. But Congress
must either give our shipyards this advan
tage that is, allow them free trade in iron,
Copper, cordage, and lumber or see our
whole foreign commercial, marine transferred
to Great Britain and Germany. They must
also permit , foreign-bound American vessels
to enjoy the same privilege which the British
Government permit to their steamers, to take
the articles which are in daily use on board
Buck as coffee, tea, wines, sugars, and to
bacco from bond, and consume them free
from duty.
It is possible that when we have done all
this for our ship-building interest, we shall
not be able to support it in competition with
the British; but at least we shall have done
till in our power, until we make the final re
form both in tariff and currency which shall
put American production on an equality with
that of the world.
THE DEMOCRATIC CANDIDATE TEK-
D LET ON, VALLANDIGUAM, CHASE.
jF am the X. Y. Sun.
The defeat of Mr. Pendleton in Ohio f ur
Kiiuhes the text for a suggestive article in re
gard to the next Democratic candidate for the
presidency by the Louisville Courier-Jour-Vial.
This sagacious organ of the "Western
Democracy declares that this defeat "dis
poses of Mr. Pendleton for the present as
effectually as the defeat last November dis
posed of Mr. Seymour."
Treating Mr. Pendleton, therefore, as
practically out of the list of probable nomi
nees, the Courier-Journal discusses the
chances of other prominent Democrats who
nre from time to time brought forward as
likely to lead the party in the great contest of
3.872. It speaks in the most complimentary
terms of Pendleton, who is its favorite, and
keenly regrets that he stepped into the shoes
rhich Bosecrana would not wear, only to be
Sacrificed in a useless race for the executive
a hair of Ohio.. Casting furtive glances at
Hoffman, who it thinks is "looming up in
KW York." and Hoidiicks, whom it reoog
tiizes as "the favorite of Indiana," the wary
Tmimal fixes its eve upon Salmon P.
Chase, Clement L. Vallandigham and Andrew
the comins men of tho Western
At th first iew this would seem to be an
Tti-mrilinArv selection of names; but a closer
inspection will show that. each of them now
lias, or may soon have, a great deal of posi-
A umnrrth with which to enter the lists
s competitors for the next Democratic nomi
malign
Tf Mr. Johnson Is chosen Senator from
nVnnesKee. and conducts himself with a rea-
fcnimi.lA rlprree of prudence in tho Senate, he
osse,08 iu Itugtf uioftsuitt tlwse. qualities of
mind and character which will make him a I
formidable lender of the Democratic forlorn I
hope in that lody. If, however, he is beaten
in liis Oenatorial canvass, lus Presidential
prospects will, of course, be smothered under
an impenetrable cloud. '
Mr. VAllandicharn s position is peculiar.
His recent utterances, and his course during
the campaign just closed in Ohio, very clearly
indicate that he Is about to take a new depar
ture in politics. He doubtless sees, as sen
sible men do, that further attempts to evade
the legitimate results of the war, iuoluding
the ratification of the fifteenth amendment,
are alike disingenuous and disastrous. If we
mistake not, he regards the conciliatory line
or policy pursued by Governor Walker in
Virginia and Governor Senter in Tennessee,
as the true mode by which the Democratic
party is to regain its former prestige and
power in the nation. He aooepts the situa
tion, repudiates the revolutionary programme
of journals like the World, and adopts the
sagacious suggestion of the E.rprcos that it iu
of no use to race with dead horses. He is
for fighting the next battle on living issues,
and by cordially inviting into the ranks all
who desire to vote tho Democratic ticket, he
would make a bold push for victory. If Mr.
Yallaudigham shall proclaim suoh a liberal
creed as this, and rally to his side the pro
gressive Democracy of the South and the
positive Democracy of the North, he may
perhaps distance all competitors in the next
National Convention.
Strange to say, in playinc such a part Mr.
Vallandigham's most conspicuous competitor
might turn out to be Chief Justice Chase.
To see both these distinguished statesmen
standing on the same platform, and each try
ing to rival the other in an attempt to control
me reconstructed Democracy of the South
through the negro vote, would be a singular
spectacle. To see them strike hands, and
labor in gQod fellowship to accomplish the
same objects, and thereby secure a common
benefit and defeat a common opponent, would
be still more astonishing. And yet such a
result is among the possibilities of the com
ing two years.
Politicians may bo assured that the South
is to act an important part in the selection of
the next Democratic candidate for the Presi
dency, and it is high time that aspiring lead'
ers should base their calculations upon this
inevitable condition ot tilings. At all events,
the recent elections have demonstrated that
the Democracy must turn over a new leaf,
and right speedily too, if it is to hope for
victory in 1 "-!. Kegret it whoever may.
politicians of the type of Tacker and Pendle
ton have had their day, and no statesmen see
this more clearly than Vallandigham and
Chase.
JUST
so:
From the X. Y. Tribune.
'ihe vomiuemoi (Cincinnati) closes a re
view of the recent contest in Ohio and its
result, as follows:
'The course of the administration stands Indorsed
by the people of Ohio and Pennsylvania, and will
grow in favor with tliem if it is known at the end of
each (inaucial year that one hundred Millions of the
public delit tins been cxtiniruiHlioil. To accomplish
this is the ln'entlon or 1 lie President and hi able
(Secretary, und they will work with an eye single to
tn at purpose.
Truer words were never spoken, and he is
an unwise or an insincere friend of the ad
ministration who does not lay them to heart.
"When tho Copperheads were trying to defeat
General Grant's election, they paraded Del
mar's official calculation that the Treasury
would be one hundred and fifty millions
minus at the close of the fiscal year then
passing. They chuckled over that prospect
as though it were a new Bull Bun or Frede
ricksburg. And now they would have worsted
us in tho late elections but for the fact that
tho debt is being steadily reduced by pur
chase and payment. Stop that process to
morrow, and the Government is a shorn Sam-
i it .1 - nrn a a Ml
son, ana goia "buns in vau street win vie
with Copperheads at the polls in their anti
national triumphs.
The naked truth is that the great mass of
our frugal, thrifty, hard-working people want
the national debt paid, and that within the
next generation. They do not regard it as a
blessing but as a burden, which they mean to
be honestly rid of. They have no faith in
financial juggles; they fully understand that
it is to be paid from the fruits of their labor,
and they propose to wors and save on pur
pose that it may be paid. Each successive
monthly statement which shows that five to
ten millions of the debt have been paid oft'
within the preceding thirty days makes them
feel as they did when they first read the news
from Fort Donelson, or heard that Vicksburg
had surrendered to Grant; or that Atlanta
bad been abandoned to Sherman's victorious
arms. "Nothing succeeds like success;"
and the fact that we are paying eighty
or ninety millions of the debt per annum is
the best answer to those who argue that we
cam never pay it. We shall have five millious
less interest to pay next year than we must
Eay this year, because of the principal wo
ave meantime wiped out; and we must not
weary in well-doing. In order to fund our
debt at a lower rate of interest, we must con
vince the holders and other moneyed men
that our debt will surely be paid that the
bonds are to become scarcer and scaroer
yearly, so that their market price will ad
vance; and we shall soon be able to fund the
five-twenties at a lower rate of interest, and
thus save twenty or thirty millions per an
num. But let the payment ot tho bonds bo
stopped, and we shall have tha credit of
the Government falling off, the burden of the
debt increased by the feeling that there is to
be no end to it, and all manner of repudiating
Ecnemes commended and made formidable
There may be friends of the administration
who unite iu the clamor for reducing and
taking off taxes; but that will be a dark day
xor uenerai urant wmcn sees tne taxes so re
duced that we can no longer persist in a steady
and rapid reduction of the debt. The wisdom
of such a course would have been exactly
paralleled by stopping tne augmentation of
our armies in July, ltnl, and mustering out
100,000 veterans to return to their homes. If
we keep on paying the debt, it will come to be
generally understood that the debt is to be
honestly paid.
WHAT LOUD STANLEY SAYS.
Frmu the X Y. TrU.
Truth is mighty and will prevail. The
truth about co-operation has had a hard time
in coming to the front, and for years it has
been kept in the background by all manner of
well-intentioned fallacies, or paraded under
such f antastio garbs of theories as sufficiently
concealed its real character. But of lute we
hove been pleased to see that the more en
lightened advocates of co-operation for pro
duction, in England as well as in America,
have perceived a truth which we have been
declaring for years, and for the advocacy of
which we have perhaps incurred some re
proach. That truth is that when co-operation
for production takes the shape of an indus
trial part ueihhip, it is tolerably certain to suc
ceed; but that when an attempt is made to
cany the theory of co-operation
pure and simplci into practice,
it is certain to result in failure. A
contemporary of our own, which has been
mildly insane on the subject of co-operation
for many years, and wuicu not long ago de
clared that "co-operation was the co il of our
industrial progress," has now hud its eyes
opened, and confessed, on Saturday, that
while co-operation was but ' a groping, feeble
yet earnest, after the light," theplau of indus
trial partnerships seems "most pl.iusible aua
promising," and was "simple and practica
ble." And now comes Lord Stanley, than
whom no man in England or America it nure
worthy of attention, and pronounces (in a
speech delivered at a workiugmeu's banquet
in Liverpool, very much the same opinion.
He praises co-operation, because it
is human nature that a man should
like to feel that ho is "a gainer by
any extra industry he may put forth,
and that he should like to havo som!
sense of proprietorship in the shop or mill in
which ho passes his days;" but, when he
comes to describe the co-operation of which
ho spoaks, ho shows that he means industrial
partnerships. "The very best instances of
its working, in my belief," says Lord Stanley,
"are those where the men employed hold a
certain number of shares in tho undertaking,
the rest being hold by the owner." Such
testimony as this is of the utmost importance.
Wo repeat our declaration, so often before
made, that industrial partnership, and not
co-operation, is the "opon sesame" whereby
the cavern in which the wealth of capital has
boon so long locked up is to bo entered by
labor, and these two great forces, hitherto
forced into a suicidal opposition to oach
other, united in a wedding of which the off
spring shall be peace, prosperity, and happi
ness. SPANISH B.VRBA1UTIES IN CUBA.
From the -V. Y. Herald.
Tho letter of the poor Cuban prisoners who
were massacred by tho SpaniHh soldiers at
Jiguani to the foreign consuls, which we pub
lished on Monday, shows how these unhappy
people dreaded tne tate mat betclt them.
This appeal to the Consuls of England, France,
Prussia, and tho United States would not have
availed under any circumstaucos, probably,
but could not if even tho Consuls had been
disposed to interfere, for tho signers of it
were dead men before any action could have
been taken. Such is the brutality of the
Spanish soldiers and Spanish volunteers that
these unlortuuate Cuban prisoners appre
bended violence or death from those who
should have guarded and protected them.
Their language is extremely touching and
propuotic. ineir language is extremely
touohing and prophetic. They say; "Wo do
not fear the sentence of the authorities; wo
do not tear to stand before any tribunal;
we do not fear the rancorous hatred of
our enemies, nor the slanders so freely cir
culated agaiust us for the crime of daring
to be liberals; but we have a dreadful appre
hension as to what will be our fate and that of
our families," and then, as if foreseeing their
fate, they add: "And this apprehension is
converted into a horrible fear when we call
to mind our imprisonment, with the circum
stances of which you arc acquainted that
deed which, had its full intent been carried
out, would have deprived several innocent
men of their lives, men whose removal was
wrapped in mv.stery like our own and this
fear is converted into a terrible reality when
we reflect that in n lonely region, in tho
midst of a civil war, v e, accused of political
offenses which have never been proved, may
meet our death lrom an attack, an encounter.
a simple skirmish, a mere suspicion from those
having us in charge. J low surely and dread
fully did these poor victims of Srtanish op
pression realize the fate (key apprehended!
They were murdered in ' a lonely region by
the brutal guards who escorted them and
should have protected them. We know of
nothing more horrible in the history of civil
wars. It could not have occurred in this
enlightened and civilizod age with any other
people than the Spaniards. It is sufficient to
cause our Uovernnient and the other govern
ments of the civilized world to declare the
war in Cuba a barbarous one, and to insist,
in the name of humanity, that it must cease.
If there were a spark of courage in the Secre
tary of State, or if the administration repre
sented the American people on this Cuban
question, such a protest would be sent to
Madrid as would startle the Spanish Govern
ment. Spain, in the atrocious conduct of
the war iu Cuba, has placed herself beyond
the pale of civilization and international
comity, and should be proclaimed the enemy
of humanity.
WINES.
R MAJESTY
CHAMPAGNE.
DUIJTON & LUSSON,
215 SOUTH FRONT STREET.
rvilI5 ATTENTION OF THE TRADE IS
1 Bolicllod to tha oUowing very tlhoie Wineo, tto., for
lit SOUTH FRONT BTRHKT.
OHAMPAGNK8. Aeot for bar Majeaty. Pa 8 d
Moolebello, Cart Uleue, Carl Hlanche, and Oharlea
tarra'a Uraod Via Eugenia, and Vin Imperial, M. K.lee
nian A (Jo., el llayaaoa. bpaxklin Moaalla and HiilAH
VV J N 8.
M AUKIRA8. Old Island, Sooth Bide Reaerra.
SUKRKIKH. F. Rudolpba, Amontillado, Topai, Vat
lirtto. Pale and Golden bar, Crown, eta.
PORTS.- Vinho VeUio Real, Vallette, and Orpwn.
OLARKT8 Proinia Aine A Oia., Montiarrand and Bor-deau-x,
Ulareta and fSauterne Wmaa.
BKANIIJli. Uanneuer. Otard. Dupoj A Oo.'ivariona
vintage.
QARSTAIRS & MflOALL,
Ifot, 126 WALNUT and II GRANITE StraaU.
Importera of
BRANDIES, WINJC3. GIN. OLIVK OIL. KTO.,
AITD
COMMISSION MERCHANTS
Vor tha aala of
PURE OLD RYE. WHJftAT, AND
BOURBON WB16-
KIKo.
Il81i!
p ARSTAIRS' OLIVE OIL AN INVOICE
"'OARSTAIRS A MOOALL.
I 89 M Boa. 186 WALN UT and 21 UR AW1TH bta.
DRUGS, PAINTS, ETO.
JOBERT
SHOEMAKER A OO.
N. E
Corner FOURTH and RACE Sti.
PTHI.ATlKir.PHIA.
WHOLESALE DRUGGISTS.
Imported and Manufacturer of
White lead and Colored Painti, Putty
Varnishea, Etc.
AGENTS FOH THE CELEBRATED
FRENCH ZINO PAINTS.
Dealera and consumers applied at lowest prloot
for cash. M
DR. M. KLINE CAN GTHE CL'TANF.Ol'S
HruptiouK, Mnrkk oil Hie Kkin, IJIcera in the throat,
mouth and iium, hoi 1kh and lures of evi V cuiiceivaljla
cliarartfi'. Otlire, No. i! Soulli KLKVKNTU, between
(JUi'ouul aud Mmkot blioi'i.. 1 0
DRV QOODS.
J Y'ONS VELVETS,
MOBILITY QUALITY,
RUOIl AS ARK. VHKU UTTHC i
A5.i&2ccxiAcir or sudors.
JU, 7 8, and 4-:. width.
FINE BROOKE SHAWLS,
tsnu st r i.e.
LONG SHAWLS,
INDIA STYLE.
SQUARE SHAWLS.
cm.ui:i.h II A I It NCAICr.S.
FINKST LOT OP
DRESS GOODS.
EYRE A LANDELL,
FOURTH AND ARCH,
msmw PHILADELPHIA.
HOOP SKIRTS. ETO.
1115. h
O P K I N S'
HOOr-SKIRT AND CORSET MANU
FACTORY AND SALESROOMS,
No. 1115 CHESNUT STREET.
Our CHAMPION SKIRTSJhetter and cheaper thai
all other. 19 to 60 spriuira, 95c. to 'W2o. Our Keystone
Kkirts, 90 to fi apring. 609. to $1-40; New York .made
Skirt, from 20 to 40 springs, 45 to 75o.
R. Werley Corsets, $3W, ff 3"6i. $4'50.
Beckol Corsets, from $1 to $7.
ThomKonVGlove-fltting" Corset, from $3 20 to $5.
Mr. Moody's patent aelf-adjnHtina; ululomin.il aapport.
ice Corsets, from 3 to $7 highly recommended by pby
icans, and should be examined by evoij lady.
Over 40 other varieties of Corsets, from 7no. to $fl'50.
Skirls and Corsets made to order, alterod and repaired.
WHOLESALE AND RETAIL. 7 23 8m
WILLIAM T. HOPKINS.
CENT.'S FU R Nl S H IN Q C OO PS.
rpiiK l-'OIuVr Ol' FASiaiOA.
UENTS' I-1 KNINHIM; (STORE.
MBS. MIKNIE CUS1 MINGS has opened tha above
named place, at No. 119 Bcuth EIGHTH Street, where
pentlemen cm find everrtblna; in Uieir line.
The best fitt m SIIIRTS in the city, reidy made or
mare to order.
I'urcbaf era of twelve articles receive tbo thirteenth as a
(!itt.
UMBRELLAS TO HIKE for 25 centa.
UandkcrcK iets htnmied free of oliarRO.
Polite Salesladies in attendance,
A call is rosvetti'ully solicited and satisfaction
anteed.
? WINNIE CUM MINGS.
PATENT SllOULDEK-SEAM
a
SHIRT MANUFACTORY,
AND GENTLEMEN'S FURNISHING STORE.
PERFECTLY FITTING SHIRTS AND DRAWER
miide from measurement at very short notice
All other at tides or GENTLEMEN'S DRE3
GOODS in rull variety.
WINCHESTER CO..
11 8
F 1
No. 71H1 CHESNUT Street.
N K
DRESS
AND
S II I R T S
GENTS' NOVELTIES.
J. W. SCOTT & CO.,
No. 814 CHESNUT Street, Philadelphia,
5 27irp Four doors below ConUnental Hotel.
SILVER PLATED WARE, ETC.
ESTABLISHED IN 1840.
MEAD & ROBBINS,
SUCCESSORS TO JOnN O. MEAD A SON,
Rlnnurnctiirera of the Finest Cratle of
SILVER
WemakeoiirowBRoeda; deposit the Silrer accurately
by weight, and Warrant each article by our Trade Mark
on the base, and by written fraarantees if preferred. They
are equal to the finest grades of English and French
Wares, and artistic in design and elegantly ornamented.
CUTLKRY.
Pearl, Irory, and Rubber Cutlery in great vnriet),
and unplated, in quantities as required.
put
N.E. Corner Ninth and Cliesnut,
101 fmw2ra PH1I.ADKLPHIA.
DRAWING INSTRUMENTS, ETC.
RAWING INSTRUMENTS
AND
Di'UAviiijr 3Xnt'inlM
Of all kinds.
CATALOGl'ES ON APPLICATION.
JAMES W. QUEEN & CO.,
Siitfwfnitf No. )H CHESNUT Street,
IRE GUARDS,
FOR STORE FRONTS, ASYLUMS, FAC
TORIES, ETC.
Phtent Wire Rulilnp, Trnn Bedsteads, Ornamental
Wire Work, Papcr-miikers- Wires, and every variety
of Wire Work, manufactured by
M. WAI.KKK SONS
No. UN. SIXTUStreeU
8 Mmwi
Flmuld be in ace on every 11 Bator and Ktove. It ineraasaa
the lient tin j pevcfiit. and saves nearly one-half of the coal,
and will aim limit a loom ubove in place ot a stove. CALL
AM hl'.l'. J ti r ill at tue manuiauiory 01
O. J. DOU0HKRTT,
j Ko. Lai N. MST1I Street.
UILLIAM ANDERSON & CO., DEALEKP
t Y in l ine Whiskies,
Ho. Ui North SECOND Street.
Philadelphia.
TORN FAKNUM & CO., COMMISSION MER
tl chants snd Manufacturers of Couenloga Ticking, ate.
No. Via VUk-sn u i oureei. rtniaueipuie. i wiui.
I EMPIRE BLATE MANTEL WORKS J. B
FINANCIAL
A RELIABLE HOME INVESTMENT.
THE FIB ST MORTGAGE BONDS
OP TTIR
Ysfiimington and Reading Railroad,
BEARING INTEIIEST
At SEVEN PEE CENT, in Currency,
PAYABLE ArRIL AND OCTOBER, FREE OF
STATE AND UNITED STATES TAXES.
Thli roa4 rnns through A. thickly popalatcd and
rlcb BKrtrnltural and manufacturing district
For the prceent, mt are ottering a limited amount
the aoove Bonds at
85 CENTS AND INTEREST.
The connection of this road with the Pennsylvania
and Reading Railroads insures It a large and rerau
ncrative trade. We recommend the bonds as the
cheapest Urut-class Investment In the market.
BANKERS AND DEALERS IN GOVERNMENTS,
No. 36 SOUTH THIRD STREET,
0 4 U2 fll PHILADELPHIA.
UNITED STATES BONDS
BOUGHT. SOLD, AND EXCHANGED ON MOST
LIBERAL TERMS.
Ci O 1; I
BOUGHT AND SOLD AT MARKET RATIOS.
TONS CASHED.
COU
PACIFIC RAILK0AD BONDS
BOUGHT AND SOLD.
O O It H
BOUGHT AND SOLD ON COMMISSION ONLY
COLLECTIONS
MADE ON ALL ACCESSIBLE TOINTS.
DE IIaYEN & BM,
No. 40 South THIRD Street,
11 PHILADELPIHA
. 2i. JAzraxsoro &. co.,
SUCCESSORS TO
KELLY
P. F.
CO.,
flankers) and Dealers la
Sou, Silver, an! Governmeat Bonis,
AT CLOSEST MRKET RATES,
N.W. Corner THIRD and CHESNUT Sts,
Special attention given to COMMISSION ORDERS
In New York and Philadelphia steck Boards, eta.
etc. e e tis n
ELLIOTT & DUNN,
BANKERS,
NO. 109 SOUTH THIRD STREET,
PHILADELPHIA!
DRAW BILLS OP EXCHANGE ON THE UNION
BANK OF LONDON.
DEALERS IN ALL GOVERNMENT SEfURITIES,
GOLD, BILLS, Etc
Receive MONET ON DEPOSIT, allowing Interest.
Execute orders for Stocks In Philadelphia, New
York, Boston, and Baltimore. 4 eof
QLENLINNINO, DAVIS & CO.,,
KO. 48 SOUTH THIRD STREET,
PHILADELPHIA.
GLENDINNING, DAVIS & AIM,
NO. 2 NASSAU STREET, NEW YORK
BANKERS AND BROKERS.
Direct telegraphic communication with the New
Yoi k Stock Boartls from the Philadelphia Office. 1821
CMITH, RANDOLPH & CO..
BANKERS,
PHILADELPHIA AND NEW YORK.
DEALEKSIN UNITED STATES BttNDVand MEX
BEKS OF STOCK AND GOLD EXCHANGE,
Receive Acounta ol Bauka and Bankera on Libera
Terms.
ISSUE BILLS OF EXCHANGE ON
C. J. BAMBRO k SON, London.
B. MLTZLER, 8. bOUN & CO., Frankfort.
JAMES W. TUCKER A CO., Paria.
And Other Principal Cities, and Letters of Credit
1 a tf Available Throughout Europe.
JOHN 8. RUSH TON & CO.,
No. HO SOUTH THIRD STREET.
C I T
W 11 It ANTS
10 5 3m BOUGHT ArD SOLI). .
QITY WARRANTS
BOUGHT AND SOLD.
C. T. YERKES, Jr., & CO.,
NO. 20 SOUTH THIRD STREET,
PHILADELPHIA
FINANCIAL..
PACIFIC KAILWAAUOLI) LOAN.
lleesra. DABNEY, MORGAN & CO.,
No. 63 EXCHANGE Place, and M. K.
JESUP & CO., No. 12 PINE Street,
New York, offer for sale the Bond of
the Kansas Pacific Railway. These
Bonds pay Seven Per Cent, i
have thirty years to run; are Free?? ?m
Government Taxation; are secured by
LandOrant of Three Million Acres ol
the Finest Lands in Kansas and Colo
rado. In addition to this special, grant,
the Company also owns Three Millions
of Acres. in Kansas, which are being
rapidly sold to develop the country and
improve the road. They are a first
mortgage upon the extension of the
road from Sheridan, Kansas, to Denver,
Colorado. The road in operation NOW
EARNS MORE THAN ENOUGH NET
INCOME TO PAY THE INTERE3T ON
THE NEW LOAN. There is no better
security in the market this being in
some respects better than Government
Securities. PRINCIPAL AND INTE
REST PAYABLE IN GOLD. Price 90,
and accrued Interest, in Currency.
Pamphlets, Maps, and Circulars fur
nished on applicatiou.
We are authorized to sell th9
bonds in Philadelphia, and offer
them as a relia ble investment to
our friends.
TOWNSEM) W11ELEX & CO.,
NO. 303 WALNUT STREET,
0 34 fmwrplra
PHILADELPHIA.
THE FIRST MORTGAGE BONDS
OF UK
UNION PACIFIC RAILROAD CO.
INTEREST G l'Ell CENT. IN GOLD.
Sinca the opening of the Pnciflo Railroad. Mar It, ita
earning have been at the rats of about Kililll' MILL'OX
DOI.LAhS PER YKAR. The earnings for Henbmbsr
wore
$762,177-43.
The First Mortgage Bonds of the Oompnnr amou-it to
g-28,fllf,HOO. and the intorest liability to 1,72WJ gold, or
about $2,384,096 in currency. It will be notioed that the
present earnings provide an ample hinj tor the paymiat
of this interest and leave a large snrplus.
THE LAND GRANT BONDS,
To the amount of Ton Million Dollars, ware issued to ob
tain means to finish the road, and are secured by a t'IKST
MOKTGAOB upon the entire Land Grant of the Com
pany, amounting to lli.KM.OCO acres. The sales of land wera
opened In Omaha July 7, aud arerage at tha rata of
$200,000 per month.
TI1K LAM) GRANT BONDS ARE REORIVKD ia
payment for all the Company's lands, at par, and the de
mand from actual settlers will give them a oertaln market.
They run twenty years and pay sevoa per oent, intorest ia
ourrenoy.
Although the Company hare disposed of all their bon is,
yet, as they are offered in market, we continue to nil
orders at the current rates.
We have no hesitation in recommending both the First
Mortgage and the Land Grant lionds us a yery valuable
and perfectly safe invest mont.
DE HAVEN & BRO.,
BANKKKS.
10 H niwftt No. 4 ) South THIRD Street.
B
ANKINQ. HOUSE
or
JAY COOKS & CO.,
Nos. 112 and 114 South THIRD Stmt.
rUILADELTHIA,
I'efllera In all Government Securities.
Old 5-SOs Wanted In Exchange for New.
A Liberal Difference allowed.
Compound Interest Notea Wanted. x
Interest Allowed ou Deposit.
COLLECTIONS MADE. 8TOCK8 bought adaold
on Commission.
Bpectai business accommodations reserved fof
iadiea.
We will reoerre applications for Pollolea or Lire
Insurance In the National Lire Insurance Company
X the United States. KuU tnloroiaUon given at oat
fllce. T18m-
ps 8. PETERSON & CO..
Stock and Exchange Broken,
NO. 89 SOUTH THIRD STREET,
Members ol tne New York and Philadelphia 8 toot
and Gold Hoards,
STOCKS, BONDS, Etc., bought and aold en com.
mission only at either city i 261
" NEW P UBL IO AT IONS.
PHILOSOPHY OF M A R R I A O E.
A New Oourse of Lectures, as delivered at the Maw
York Aluaeum of Anatomy, embracing the autijeote
How to Live, and What to Live tor; Youth, Maturity, aae
Old Age; Manhood Generally Reviewed ; The Clause a
Indigestion ; Flatulence aud Nervous Diseases Acoouutei
1'or: Marriage Philosophically Considered, ato. et
Pocket volumes containing tueue Lectures will be fw
warded, post paid, on receipt of 115 centH, by addrewing W
A.LKARV.JH..B. K. corner ot VIVlil and WALNtlt
bU-ceut, rmladuHiliia. jtu)
- " ZX
THE ADAMS EXPRESS COMPANY, O7FI0T
Ne. KJO OI1KSMJT Htreet, forwards Paroela. Paak.
gea. Marohauiriaa, Hank Notea, and hiiaole, eiUiar bt 114
own linoeor in oouneolion with other KapreaeOompaaiaa.
to all tha priDeiiMtl towns ud allies la the United l&atea.
. oolumaST
Bayerialmdeaaj 1