THE DAILY" EVENING TELEGRAPH PHILADELPHIA, FRIDAY, N0 EMBER 19, i860. 2 srixiiT or Tin rxusss. EdlrarlKl Opinions f th Leading JeurnaJa Upon Cnrront Topics Compiled Erer Dnv for the Evening Telegraph. TIIE DRAWBACK FRAUDS. from the Jf. Y. World. It BoemB to us that the prominence given to such of the developments in what are called the drawback frauds as are really vein is quite disproportioned to the intrintno pnblio im portance of such developments. There has been an attempt to throw a ftonsational flavor over the recent discoveries by elaborate de scriptions of the formalities necessary to ob tain money from the Government, as allow ance or drawback on articles on which an in ternal tai has boon paid, when the articles are subsequently exported to a foreign country, and not consumed within the limits of the United States. The whole subject is clearly treated in the Rection of tho Internal Reve nue law of July 1, 1802, which permits pay ment of money out of the Treasury Depart ment for such purposes. To one who reads or bos read this law, there is no need of any amplication. It is in those words: "And Do It further enacted, That from and after the date on which thl act takes effect, there shall be au allowance or drawback on all articles on which any Internal duty or tax shall have been paid equal In amount to tho duty or tax paid thereon, and no more, when exported ; the evidence that any such duty or tax has been paid to be furnixhed to the satlHfactlon of the Commissioner of Internal Revenue by such person or persons as shall claim the allowance or drawback, and the amount to be aHcertuinvd under such regulations as shall from time to time he prescribed by the Commissioner of Internal Kevcnue, under the direction of the Secre tary of the Treasury, and the same shall be paid, by the warrant of the Secretary of the Treasury on the Treasurer of the I'ultvd States, out of any money arising from Internal duties not otherwise appro priated." It will be seen that tho Commissioner of Internal Revenue is made by the law the re sponsible officer in the execution of this sec tion. On his decision the Secretary of the Treasury is required to draw the warrant. When, many months ago, the character of the frauds was discovered by information given, as was said, to the District Attorney of the United States in Brooklyn, and prosecutions against the parties implicated were thereupon commenced, the publio was fully informed as to the regulations prescribed by Commis Bioner Rollins, under the direction of tho Secretary of the Treasury, and also the ma chinery by which money was illegally ob tained. It was thoroughly understood then that, in order to obtain money as and for dra backs, the Government must be satisfied first, that on specific merchandise a certain amount of money had been paid to the Internal Revenue official as a tax; secondly, that the identical merchan dise, in the condition in which it was when the tax was paid, had been exported to a foreign country and actually landed therein. Upon proof on these two points, Congress had authorized the Executive to return the money to the person paying the tax. It was then understood by the public, and we assume by Government officials also, that inasmuch as the merchandise, if regularly exported, must have gone through a custom-houao of the United States and been made to appear in the manifest of the ship or vessel transporting tne same, tne collector 01 ine port or expor tation would be the proper person to prove the fact of exportation, as the Treasury regu lation said he should be. When, therefore, many months ago, District Attorney Tracy examined into these frauds, he must have come to a perception of the fact that, if a custom house officer had certified to the Commissioner of Internal Revenue that on the proper mani fests it appeared that certain merchandise had been exported on a certain date and by a cer tain vessel, and the truth was that the mani fest of the vessel referred to contained no each record, or that there was no manifest on file of any Buch vessel, then there must be something wronor about the Custom House official who had made such certificate. It ap pears now, by the evidence before Commis sioner Osborn, that the initials of Chief Clerk Blatchford, then a chief clerk in the Custom House and promoted by Collector Grinnell to be a deputy collector, were on all or a great part of the fraudulent certificates; that the deputy collector gave his signature to the cer tificate as a matter of course, relying upon the fidelity of his chief clerk, who represented that he had made the needed examination and found the facts as he stated them to be. Now, if this be so, did the officers of the Government, including Mr. Tracy, stop at this point which implicated Mr. Blatchford ? Did they make inquiry as to whether his initials were forged 'I Did any person at that time require him to report how it happened that he had given his initials to statements in regard to the contents of manifests which he said were on the file of the Custom House, which, upon examination, turned out to be utterly false? If this was not done while the matters were under examination by Govern ment officials, many months ago, it is im portant for the public to be informed of the reason. We do nat fail to remember that District Attorney Pierrepont, who, bo far as it appears, up to that time had.no personal or official knowledge of these drawback trans actions, was told by one Korn, a person already implicated, of the alleged complicity of Mr. Blatchford. That is all well enough, so far as concerns District Attorney Pierre pont, and the publio have reason to com mend that officer for the fidelity with which he seems to have followed up the matter after it came to his attention, although we do not quite understand why it took the Trea sury Department nix weeks after Korn gave the information to satisfy itself whether Deputy Collector Blatchford was or was not conspirator with the parties already impli cated by District Attorney Tracy. In a word, the only neie development in these drawback frauds, beyond what wan dis closed manv months aco to the publio by the District Court in Brooklyn, seems to be the immited tmilt of Mr. Blatchford. Here acain there is something quite inexplicable in the conduct of Secretary BoutweU, who permits Mr. Blatchford, bo far as the public is aware, to still retain the commission of deputy col lector of the customs revenue. It is useless for the Treasury Department to pretend that there can be any sucn mystery as requires so Inner time to ascertain whether or not Mr. Blatchford is guilty. Six weeks have elapsed since their attention was urougm to that offl Vv Knrn. If Blatchford is not cuiltv. Hin Homa of the action of District Attorney Pierrepont in the pending trial is very severe twiJu Kim Tf. on the contrary, Mr. Blatch ford be guilty, it is very unjust to the publu that tue former ue permiuou iu iu n. sponsible an office. An example should at once be made of him by conspicuous ex pulsion. TIIE REIGN OF TIIE TITE-BARNACLES. Prom the N. Y. Time. It is hard work to break down any system which politicians have found handy for pur poses of corruption. We have not only to light against the corrupters, but the cor rupted, and the still more numerous class which is quite willing to be corrupted if any one will make it worth their while. But if I the public can once1 be brought to a proper I appreciation of the evils produced by a vicious institution, tnoy may be reliod upon to Bweep it out of tho way. We have long endeavored to secure a reform of the Judioiary in this State; and to superficial observers it might have seemed that our labor was lost. But the very heavy vote it may turn out to be a ma jorityfor the Judiciary article recently sub mitted to the people, shows that the publio mind is always open to the reception of truth. For this reason we gladly welcome any new effort to arouse the whole country to the importance of remodelling the civil ser vice. We may have to toil on for somo time yet, but "constant dropping wears away a stone," and we shall certainly win in the end. It is impossible that people can go on reading Mr. Jenokes' statements and arguments, or articles like those of Mr. Adams in the North American Jhrinr, and of Mr. Parton in the new number of the AtlanticMonthly, or the essny of Mr. G. W. Curtis at tho Social Sci ence Congress, without being stirred to rid the country of ono of tho greatest scandals associated with it, at home or abroad. The civil service is n dishonest blunder from beginning to end. When we have a good man in any post we very rarely allow him to remain thero long. We either transfer him to some appointment for which he is not fitted, and in which his special abilities are utterly throw n awny, or we get rid of him altogether, and put a worthless, incompetent, unprin cipled office-seeker in his place. People go to members of Congress and demand ap pointments as a matter of right. The same plan is sometimes tried in England. A voter goes to a member of Parliament and says: "I was on your committee at the last elec tion, and, as you know, I had a good deal to do with your success. Now I want to get my son into a Government office." But the member cannot help such a man if he would. The Prime Minister himself could not put any one into a public office, although he might give him an appointment outside of it. All he can say to the applicant is: "If your son possesses the qualifications exacted by the particular office you wish him to enter, he will be able to pass the competitive exami nation, and that is the only door open to you, me, or anybody else." The son of a lord must pass just the same examination as the son of a shoemaker. People who wish their children to enter the civil service have them trained at school especially for it, and if afterward they fail to pass the examination, they know that it is necessary to find some other occupation for them. Back-stairs influ ence will do no good whatever. But in this country the member of Congress badgers tho head of a department until he gots places for as many of his friends as he is anxious to oblige. Of course we lose all the good men and get all the bad by this process. You cannot induce first-class men to go begging round among members of Congress for an appoint ment. The persons who are ready for that kind of work are tho very ones whom the Government ought not to employ at any price. The Government, to begin with, does not pay enough to compensate able men who have no private means for devoting tho whole of their time to the service of the country. The late Chief Justice of the Su preme Court gave up a lucrative practice at the Maryland Bnr in order to accept the post offered him by the Government. His habits were moderate, but he died in a destitute condition. "When I was in Washington last winter," says Mr. P.irton, "the daughters of the late Chief Jnstice were earning a scanty, precarious livelihood by copying documents in one of tho publio offices at eight cents per hundred words." Another member of the Supreme Court was last winter paying the whole of his salary for the board of him self and his wife. It took all the ex-Attorney- General s salary to pay his rent. We all know what happens when men of an inferior type are placed in this predicament. They eke out their salaries by taking bribes, by plun dering the public, by defrauding the Govern ment and they persuade themselves that thev are justified in so doing because the Government is trying to cneat tnem by tailing their time without paying for it. The perpetual scramble for place is demo ralizincr the public mind, and impeding the business of Government in every direction, It is all very well to recommend people to go out to the wilderness ana worn, wny snouia thev toil for bread when by scheming and in. triguing they may obtain an "officer Of course a large proportion must lan. nut tney never cive up hope. They would rather do tbe heels or a member 01 uongress, or nauni the precincts of the White House, for a year . . . m- i tocether. than do a day's hard labor. Once let it be understood that a proof of compe tency will be required from every man before he can obtain office, and all this dirty work will come to an end at least so far as the civil service is concerned. For this reason we recommend, as we have done before, the institution of a system of competitive ex animations. What can be fairer? The best man will win in the larger number of cases. A higher standard of honor would prevail in the new service, and that alone would go far towards extinguishing corruption. In ing land the plan has answered to perfection, and it has been extended to India with the very best results. Once, valuable appointments in the Indian civil service were in the gift of a few families. Now the poorest boy in Great Britain is eligible to compete for them and what is more, the poorest boys otten get them. It is not an untried experiment which we urge upon the publio attention. It has produced an efficient civil service in every country where it has been adopted Why snouia we nesitate to ascertain tne Qualifications of our publio servants before eneacring them, and afterwards to remunerate them at a fair rate ? It is the only way of getting the work of the nation well and honestly done. INTERNATIONAL RACES MORE CHAL LENGES FROM MR. ASHBURY. From the A". T. Herald. A letter has been written by Mr. Ashbury, the owner of the English yacht Cambria, challenging Mr. James Gordon Bennett, Jr., to a series of yacht races. Tbe challenges are as follows: - xa:o nu. 1. A JU WIO HIBL nn:k Ul IIUIVM, 1H70, from Hyde round tne Isle of Wight, ltoyal 11J-a " a . A , 1 . 1. .1 . . Wnwl. Thames Yacht Club measurement and time allow ance: no restriction as to number of bands, canvas. or friends; to start from our anchors all canvas down. "Race No. 9. A race from Ityde round Cherbourg Breakwater and back, Royal Thames Yacht Club im anurement and time allowance ; no restriction as to number of bauds, canvas, or friends; to start I'oui our am hois with foresail and mainsail set ivrcc nu. o. nuiiut viia tin u mo luui u maivii, a raH from coweu to New York; a flying start, and 111! i tl 1 Ihn flh ...., ,i. I. "fc. .i.rth no quuons as to tonuago, time allowances, or ro- tricuom, f unv descrintiou. Mace moh. 4 and 5. Two races in New York waters, ov. t!le usutti course of the New York Yacht Club, V1( m accordance with their mode of uicabureiueui,time allowances, or other usual con. Mr. Ashbury challenges promise to be come famous in annals of aquatic sport. Uitjierco, so jut as they are known on tnis side the Atlantic, thtT have been conspiou- ous by their barrenness in refmlta.' Whether thin has been dne tq the apathy or timidity of yacbtmen generally or to some Unfortunate peculiarity in the challenges themselves, the persons' most interested are best titled to de cide; but when a man issues a regular gamut of aquatic defiance and never finally comes to the trying of even a single point among all those he proposes to settle, it must seem to the general publio either that his points are trivial or that the universal voice of the yachting world is against the fairness of his terms. In the for mer challenges from this gentleman, of which our readers have heard a great cieai, ne proposed to contest the possession of the cup wen by tte America, ana aiso in an ocean race the relative merits of the English and American models for yachts. Neither point is trivial. But the cup is held on cortain con ditions, and when these are complied with its holders have no option they must mako a race. The failure to race, therefore, could not be their fault. No race was made for the cup simply because Mr. Ashbury did not see fit to comnlv with tho plain necessary condi tions. In tbe proposed ocean trial Mr. Ash bury coupled his challenge with conditions that made a race impossible, and insist ea on those conditions, ho that ho resolutely pre vented the race he sccmod to desire. His present challenges have tho same im practical character. He knows by positive declarations frequently printed that the owner of the Dnuntlcss will not make any but an ocean race in any caso where the build and model of the vessels are such as to give the contest an international character; that he will not expose such a contest to the ac cidents of eddies, currents, and pilotage, but will only wage it on the sea, where the chances are far more likely to be even and where it is possible to get a fair result of sailing power, endurance, and of seaworthi ness in every aspoct. Although this has been distinctly stated to him, Mr. Ashbury still issues his cartel with a proposal for a race sandwiched between two or three little im possibilities. Why ? Is it because he knows that it will not be accepted ? Mr. Ashbury may not be quite satisfied with the position ho was left in by his failure to mako any race with all ms former chal lenges, and he may desiro now to improve that position. He at first issued several chal lenges, so separato in their character and in tention that differont parties were at liberty to take him up on different points. The owner of the Dauntless accepted one of these, and Mr. Ashbury avoided this acceptance on the point of relative size, though he now says: "I am willing to set aside all technical questions of mode of aieasurement as regards the principal race, and accent as the Amorican champion your vessel the Dauntless in lieu of one of the Uambria s size, as required by me in my formal challenge to all America in 18(18." He thus relinquishes the point on which he formerly refused to race; but he issues his series of challenges in a new rela tion, so that who takes one must take all, or refusing certain ones must seem to refuse the rest. To such a challenge Mr. Bennett has given the most proper reply in simply re iterating his readiness to make the only race he ever proposed to enter. WHAT TIIE FREE-TRADERS PROPOSE. From the tr. Y. Tribune. The Evening Post insists that the free traders have been misrepresented as hostile to all duties on imports, whereas they are op posed only to such as have protection for their obiect. Hut let us quote the roxta exact words: 'We have not heard of a single American free trader who demands, or desires, or expects to se cure, at present, absolute freedom of commerce from restrictions. On the contrary, the free-traders, In their leagues, in the Journals which support their cause, In their speeches, addresses, and resolutions, which have been made and adopted In crowded meetings all over the country, declare, without a single exception, in favor of a tariff a tariff for revenue. Thev acknowledge everywhere tho neces sity of raising a large revenue; and they consent that trade ahull be taxed to help in accomplishing this, and taxed by a tarlll. "W nat tne iree-trauers demand is not, as me rimrn savs, and as the enemies or iree-trane sometimes assert, absolute free-trade, but a tariff laid for reve nue purpose only ; a scheme of duties on imports so arranged that tbe Government shall obtain the reve nue it needs by duties on tne smallest possioie num ber of articles, and by duties so arranged as to interfere as little as may be with our industries, most of which are dependent for their success, to a large extent, on cheap materials ol foreign pro duction. "The tree-traders want now a reform of the reve nue s v stein : we are revenue reformers. When, by. and-by, the debt is paid, we shall no doubt demand tne abolition 01 custom nouses : aim. in tne mean- time, if anv man ';nn contrive a practical and simple system of direct taxation for this country, we free traders will welcome that, and urge the people to substitute it for the present or any otner system 01 indirect taxation." It is the indisputable right of every party or Beet to set forth its own dogmas to define its own position. It has a right to be glar ingly inconsistent, ao long as it remains honest. Yet, when Professor Perry was asked, at the close of one of his free-trade addresses in our city, "flow would yon sup port the Government and pay its debt ?" we understood him to answer, liy a tax on in comes solely. However, let us take the rout s authority as that of an elder if not a better soldier, and consider where it places the free traders.' ' ' - We have always understood them as con tending, in opposition to us, that a duty or impost on an imported article necessarily raises the price to our consumers, not merely of that article, but or any aomesuo proauct that comes in competition therewith. They generally assume the truth of this proposition as sell -evident. Ana tney uoia inis increase of price to be a wrong to the consumer and a detriment to the community, Now let us take the article of iron for ulus tration, and suppose a duty is levied on im ported iron (for revenue solely; or twenty per cent, ouppose that, nnaor saia auty, we inr port twenty thousand tons of iron per annum and make at home eighty thousand. Call it all worth $.riO per ton, enhanced by this duty to iffuu per ton. The duty (according 10 iree trade assumptions) takes ten millions or doi lars out of the pockets of the consumers of iron, civeB $8,000,000 of it arbitrarily to the American iron masters, and puts the odd $2,000,000into the Treasury! Is that what you can pouucai economy." Our view is radically different from this. We believe our people are supplied with iron cheaper uecause of the duty on its importa tion that, though thev may pay more aw- lart, they get their iron for less labor, because they pay for it really in fruits, vegetables,' fuel, fodder, etc, which they could not sell to Europe, and which would not bring them nearly so much if our iron were made there, All this the free-traders scoff at; but the point is not tVia unrinilriaNN nf nur doctrines. but tbe consistency of thoir professions with meir assumptions, on w hat ground do tney deem it wise or well to tax the consumers of iron ten millions of dollars in order to put two millions into the Treasury ? Who will say ? Old women sometimes say of a young one that, if not married, she ought to be. If we believed in free trade a t all, we should be ojfposed to all duties on imports, no matter whether levied for revenue or protection. 1 TOE INDECENCIES OF TOLITICS. ' From the N. Y. Tribune. We value highly a vigorous ormosition. In a free oountry tho best administration is im proved, the worst is made more tolerable, bv pungent, fearless, unsparing criticism. A good ruler or mnistor will Hometimes err; and a stern, watchful, merciless antagonism, whether it address the publio originally through a parliamentary forum or directly through editoriul animadversion, will often enable and encourage it to retrace its false steps before they becomo irreversible. As a general rule, falsehoods and groutidloss ca lumnies injure their authors more than their subjects; since the public, having detected an nsBiiuaui in one wanton slander, aro slow to give credit to his subseo uent Hnpinifttiiiiiq. Hence, we contemplate with patience and philosophy a journalistic effort to damage an uumiuiMuiuiuu uy me ciumsy, coarse expedi ent of throwing infinite mud, in the expecta tion that some portion of it can hardly fail to mil n, ui ul iuuhl 10 stain. Tho orhl evidently believes th fit. it. pnm. mends itself to its own party by the extraor dinary grossnetis nnd persistency of its impu tations on the President of the United States. lethaps it does. We are no ind.ms of the rankness of that party's appetite for abuse; but, judging from what it bas swallowed without protest, of sneer, and jibe, and scoff, and scurrility, aimed at the dead Lincoln, it can not oe iasuaions much loss squeamish with regard to the living Grant. Yet it does seem to us that the World overdoes its work in uttering column after column of such in vective as the following: "The CrsTOM House Frauhs.v .m tint nrn. pose to derogate In the least from the special dis honesty of the persons especially Implicated lv the disclosures of the Custom IIoubo frmul. Neither do we wish to overt the blame which thn nreHeiit administration has Justly Incurred for the scandal ous recklessness with which it has annotated incom petent persons to oillce. But behind all this Is the lact that the tarill under which these swindles have been brought to light, and under which far greater swindles have doubtless been perpetrated with im punity, is one which oilers every facility to uuscru lous placemen to aggrandize themselves." I. "The present administration" has ap pointed to office none of the persons impli cated in the Custom House frauds here and elsewhere which its agents have detected. On the contrary, it had removed some of them prior to such discovery, and superseded the rest directly afterward. It is exactly as responsible for those frauds as the Sheriff is for the crimes of the felon whom he has arrested and holds in custody. II. "The tariff under which these swindles have been brought to light"' had nothing to do with most, if any, of them. During the late exbouhting civil war, it was found neces sary to impose an excise or internal tax on most domestic manufactures. When ex ported, inose manuiactures were allowed a drawback or return of this excise, upon due proof that they had paid it, and that the goods thus taxed had been exported. On this state of facts, certain knaves out of office conspired with other knaves in office (one here, another at Washington) to swindle our hard-pressed Treasury by means ot forged papers. They succeeded. Large sums were obtained from the Treasury by the unofficial contrivers of this fraud, nnd apportioned, four-fifths among themselves, one-fifth to their official confede rates. In all, nearly a million of dollars was thus stolen from the people of the United States. i III. The duties on American manufactures were abolished so soon after the close of the war as they well could be some three years ago. Ot course, the drawback fell with them. This whole system of frauds necessarily fell with the excise and its drawback. No dollar, bo far as discovered, has been fraudentlv drawn from the Treasury by an appointee of oenerai vrrani, nor under his administration. No appointee of General Grant is even sus pected of conniving at these iniquities. The lrnuds occurred under the regime of Andrew Johnson,Henry A. Smythe &Co., long enough before General Grant's election. All that those now in power have done is to detect the villainies and bring a part of their perpetra tors to the bar of justice. Can that have pro yoked the savage malignity of the World? BRANDY. QALISTCMU CO UN AC. This pure BRANDT it now offered to the trade and consumer in quantities to suit the demand. It is highly reuemmended for its strict purity and dolioaojr of flavor, uuiiik iimuumuLurnu irum me proauoi 01 selected grapes and thoroughly retined. The trad and the publio art in vited to inspeut it. S. Hit AIVIYAIV Ac CO., 11 17 6t Bole Aft-enta, No. 66 BROAD Street, N. T. WINES. HE R MAJESTY CHAMPAGNE. DUWTOK fc &USSOX7, 215 SOUTH FKONT STREET. THE ATTENTION - OF THE TRADE 18 aolielted to ths fallmrinv war Ohoioa Winu f- sale br u LINTON ft LUHSim, III 89UTH FRONT STREET. OHAMPAONK8.-A.enU for ber Mafeetr, Duo de MontebeUo, Oarte Bleue, Oarte Blanche, and Uharlee iarre'i Grand VinRngonie, and Vin Imperial, M. Klse WTNKS M, bpaxklin- Moaelle and RUUiH MA jj A8.pid UUu,d Booth Side Resarra. . .UKlllPIK8J.-:F- Rudolphe, Amontillado, 'i'opai. Vat 'y&i 9la B. Vram, eto. POBlg-yinhoVelho Real, Valletta, and Grown. OLABKT8 Promi, Ain 4 bie., MouUarrand and Bor- i9A?lf t?..Vu n(l Sautama Winea. lIN. "Meder Bwan.H BRANDUC& Hannaaaay. Otard, Dupny Oo.a variant Tintacea. 4 1 QABSTAIBS & MoOALL, Hoe. 126 WALNTJT and U GRANITE Streets, Importers of BRANDIES, WINKS. GIN. OLIVE OIL, ETO.. AND OOMMIS8ION MERCHANTS For the sale of PURE OLD RTE, WHEAT. AND BOURBON WHIS. K.KS. iSSivi pARSTAlRS' OLIVE W ot the above for sale by OIL-AN INVOICE n A RSTAIR8 A MnOAT.T - intpf Roe. 126 WALNUT and il GRANITUkU NEW PUBLICATIONS. PHILOSOPHY OF MARRIAGE A New Oonrse of LeoturM, delivered at the New York Museum of Anatomy, embracing the suhieoU: How to Live, and What to Lire 'nrS Youth, Maturity, and Old Age; Maubood Generally Reviewed t The Gauseof ludlfMilion; i lulu leuox and Korvous Diseases Aooounted lor; Marriage fhilosouhioallr Coil tide red, eto. eto. Pocket volumes aontaining these Lectures will be for. warded. Vint uaid. on riumi of cents, bv addreaeinr VI . A. LKABY, Ju., 8. H. oornerol i'U'i'u and WALNUT btreau, Philadelphia. . t. tATO. . Vlf AHOW. 1?AHTON 4 JIcJIAHO 1, Id BHIWKO AND uoMUISStOH MKHOHANT Ko.S OOH.NTIK8 BLllNw York. No. 18 riOUTU WHABVKh. Philadelphia, No. 46 W. PRATT bireet, Baltimore. We are prepared to ship ee' description of Freight to Philadelphia, New York, VVilmiiUfUw, and Intermediate pomis with promptness aad-deepatoh. Oaoai lieatesad biaui Aus taruithed et tbe borteet aoUee. . u. 1 " ' iriNANOIAL A RELIABLE TOE INVESTMENT. THE FIRST MORTGAGE BONDS Of THB Vilmingion and Reading Railroad, BEARING INTEREST At SEVEX PER CENT, la Currency, PAYABLE ArKIL AND OCTOBER, PREB OP 8TATB AND UNITED STATES TAXES. This rt) ltd rnns through a thickly populated and rich ogrlcultural and miinnracturlng district For the prefH'tit, e are offering a limited amount tne aoove Bonds at 85 CENTS AND INTEREST. The connection or this road wltn the Pennsylvania and Heading Railroads insures It a large and remu nerative trade. We recommend the bonds as the cheapest first-class Investment In the market. TOXVX. PAITITjCXI & CO., BANKERS AND DEALERS IN GOVERNMENTS, No. 36 SOUTH THIRD STREET, t 81 PHILADELPHIA. UNITED STATES BONDS BOUGHT, SOLD, AND EXCHANGED ON MOST LIBERAL TERMS. o o l. r BOUGHT AND SOLD AT MARKET RATES. COU PONS CASHED. PACIFIC RAILROAD BONDS BOUGHT AND SOLD. S T O O IC S BOUGHT AND SOLD ON COMMISSION ONLY. COLLECTIONS MADE ON ALL ACCESSIBLE POINTS. DE HA YEN & BKO., No. 40 South THIRD Street, l8 PHILADELPHIA. 13. II. JAIYXISOri 4SL CO., SUCCESSORS TO P. Jf. KELIiY A CO., flanker and Dealers im Gold, Silver, and Government Bonds, AT CLOSEST MARKET HATES, JT.W. Corner THIRD and CHESNTJT St, Special attention given to COMMISSION ORDERS In New York and Philadelphia Stack Boards, etc, eta 6 6 tig 81 ELLIOTT A DUNN, BANKERS, NO. 109 SOUTH THIRD STREET, PHILADELPHIA, DRAW BILLS OF EXCHANGE ON THB UNION BANK OF LONDON. DEALERS IN ALL GOVERNMENT SECURITIES. GOLD, BILLS, Eto. Kecelre MONEY ON DEPOSIT, allowing interest Execute orders for Stocks In Philadelphia, New York, Boston, and Baltimore. 4 so QLENDnramo, davis & co., NO. 48 SOUTH THIRD STREET, PHILADELPHIA. GLENDINNING, DAVIS & AMORT, NO. 2 NASSAU STREET, NEW TORS BANKERS AND BROKERS. Direct telegraphic communication with the New York Stock Boards from the Philadelphia omce. figgj gJfllTH, RANDOLPH A CO.. BANKERS, PHILADELPHIA AND NEW YORK, DEALERS IN UNITES STATES BONDS, and MEM BERS OF STOCK AND GOLD EXCHANGE, Receive Accounts of Banks and Bankers on Libera Terms. ISSUE BILLS OF EXCHANGE ON C J. HAMBRO A SON, London, B. METZLER, & SOHN CO., Frankfort JAMES W. TUCKER & CO., Parts. And Other Principal Cities, and Letters of Credit Htf Available Throughout Europe. JOHN 8. RUSHTON & CO., No. 60 SOUTH THIRD STREET. NOVEMBER COUPONS AND CITY WARRANTS 10 B 8m BOUGHT AMD SOLD. CITY WARRANTS , BOUGHT AND SOLD. V 1 C. T. YERKESs Jr., & CO.. NO. 20 SOUTH THIRD STREET, , . : . , PnnBLPHIA ' " I .. . . . . . .... U ! FINANOIAU. A Seven Per Cent Gold" Loan 86,500,000. THK KANSA8 PACIFIC RAILWAY, bow la fal operation from Kartnaa City to Nneiidan. proposes to Dniia an eitmslra to Usurer, Colorado. Tea Oorernmani has (ranted Three Millions of Ac roe of the finest land la Kansaa and Colorado, which are mortgaged for the seoa- rilr of a loan of 6,500,000. Thia loan t MonnMi in thai mm( af.i v r v.-v.nw.vH. mi. UVU U, trade of the Rooky ftionnta'n country and oonneot it with (llM..linn mtA will .U irui 01 we Mm. it u oonstderod to be ona of the best loans In tbe market. KVKN BKTTFK TN ROMK RKSPKOTi THAN GOV r.ivi,ir,i I MKUUKITIKS. The loan baa tblrtlr vp.n n mn n.innin.i i. . ..iu .umji on. payable in (cold, semi-annually, seven per cnt 1 ne coupons will be pitysMe semi-annually in either Frankfnrt- ImtAim n. wAV v,l. i i , . . - - win. win u. ini. iniv Government tnintinn. The bonds for tbe present are win id currency at m, wun aoorueo: interest. iircniars, maps, and pamphlet sent on application. AltIM?Y. MOIM.A Ac CO., No. 68 EXCHANGE PLACE, NEW YOUK. 91. u. .ii:i;5 & c., No. 19 PINE STKKET, NEW TO HE. We are ant.hnrlftiwl in anil ttlA hnnria In PKtl.rfl..l.t. offer them aa a reliable investment to onr frloud. No, 309 WALNUT Street, 107mwf lm PHLLAJL,rxlj?LA JJANKINO HOUHE OP JAY COOKE & CO., Nob. 112 and 114 South THIRD Street. PHILADELPHIA, Dealers In all Government Securities. Old D-80B Wanted in Exchange for New. A Liberal Dltference allowed. Compound Interest Notes Wanted, Interest Allowed on Deposits. COLLECTIONS MADE STOCKS bongnt ad SOU on Commlijsion. Special business accommodations reserved for ladles. We will receive applications for Policies of Lire Insurance In the National Life Insurance Company of the United States. Full Information given at oar office. 10 1 8m pa 8. PETERSON & CoT. Stock and Exchange Brokers, NO. 39 SOUTH THIRD STREET, Members of the New York and PhOadelpius) Stock and Gold Boards. STOCKS, BONDS, Etc, bought and sold on oora mission only at either city . l sot OARPETINOS, ETO. PJEW CARPETING 8. TOLLUM, CREASE & SLOAN, No. 509 CHESNUT STREET, Importers and Retailers of C A U P E T I N G S Of every description. FALL IMPORTATIONS. r NEW DESIGNS IN MOQUETTE, n CROSSLEKS VELVETS, t-t WIDE, In original and exclusive patterns. 1000 PIECES BRUSSELS, ,Of the best English manufacture, of new and novel styles, many of them designed expressly tor as. 1000 TIECES CROSSLEY TAPESTRIES, All the newest styles. v ENGLISH AND AMERICAN OIL CLOTHS. McCALLUM, CEEASE & SLOAN'S CARPETING AND OIL CLOTH WAREHOUSE, No. ,609 CHESNUT STREET, i PHILADELPHIA, , , 9 8 wfm8m Opposite Independenoe HalL EW C A R P E T8. AXMINSTEBS, WILTONS, VELVETS, BRUSSELS, 3-PLYS AND IffGRAINS, Venetians, Druggets, Oil Cloths, Eto. LEEDOM & SHAW, No. 910 ARCH STREET, t 8mr PHILADELPHIA QENT.'S FURNISHING OOOD3. rpilE FOUNT Ol1 l'AMIllON. GENTS' FURNINHINU STORE. MRS. M1KNIB OUMMINGS baa opened the abora named plaoa, at No. 118 booth KIOH j'H Street, where gentlemen oea find ever? tblos in their Una. Tha beet fitting. BHIKT8 in the cltjr. read made or , mace to order. Purobaaera of twelve artlolea reoeirs tha thirteenth as Gift. UHBBELLAS TO HIHK for 28 oenU. . Bandkerei lets bsmmed free of charge. ' Polite Salesladies in attendanoe, call la respectfully solicited and satisfaction (aar snteed. . ; . VS MISMK OUMMINQB. 91 . 1 O K T A IV GENTLEMEN WILL FIND AT X. Ij. Jacob Ac Co., . X. No. 1326 CHESNUT Street, a large and well-selected stock of red and white Shaker Flannel, Merino, and Canton Flannel Undershirts and Drawers, llntmh super stout Half Hose, Fins Iirees Hhirts for men and bora, Collars, Ties, UraTats, and Bows, and a general and complete assortment of urmsUlnfl Uoodeof superior quality, at the lowest rates. Krerr article war r.nted to be as represented, and straightforward, fair dealing oareiuliy adhered to. u gja pATENT SHOULDER-SEAM BinitT MANUFACTORY, AND GENTLEMEN'S FURNISHING STORE. PERFECTLY FITTING SHIRTS AND DRAWER made from measurement at very short notice. All other articles of GENTLEMEN'S DRES GOODfi in full variety. . WINCHESTER A CO., 11 ; No. Tt)6 CHEHNUT Street. DRESS AND SHIRTS GENTS' NOVELTIES. J. W. SCOTT & CO., No. 814 CHESNUT Street, PnlladelpUU, t I75rp ' Pour doors below Continental Hotel. it u: (-J J o t . n , ,