The evening telegraph. (Philadelphia [Pa.]) 1864-1918, November 27, 1869, FOURTH EDITION, Page 2, Image 2

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SATUUlAi", OYKMHER 27, lSoi).
v j.i.U7 or TZZ23 rasaa.
Kd 1 1 mini Opinion f the I.rmMn Jenrnnl.
I'Ko'm Current Toplo-)oinilled Brer
Day for the Kvetilnn Tolrraph.
"WOMAN'S RIGHTS," AND HOW TO GET
, THEM.
From ths y. Y. Tivits.
Tbe Convention junt held at Cleveland for
Ibe purpose of organizing what is called a
'National Woman 8 Suffrage Association"
doBcrTcs to bo troited in a serious Rpirit,
chiefly for tbe renson that its own delibera
tions were free from the extravagance and
buffoonery which umially bring ridicule upon
meetings of the same kind. The promoters
of these associations complain Tory bitterly
of the levity with which their cause is treated
by the press. They never seem to bo aware
that publio writers have done no moro than
answer them "according to their folly."
They constantly deliver addresses which are
Sntendod to be laughed at, and which, as a
general rule, are both foolish and vulgar.
Then they profess to be aggrieved at our
waut of respect." The clown, after chalk
ing his face and cutting antics in the ring,
might as reasonably complain that the spec
tators laughed at him. If the loaders in this
agitation wish to have their demands seri
ously discussed, lot thorn first be serious
themselves. We admit, indeed, that one
advocate of woman's rights, who has recently
published a sort of mauifesto in a monthly
magazine, cannot bo accused of trifling with
the subject. His statement of the case is
brief, and we hope it will prove intelligible
to his "fair" clients: "What wo wish to
establish is, that the foci of the true social
ellipse are occupied by equal, complomontary
parties, who give a law to its curvature by
joint and reciprocal relations, making it the
evenly balanced and exact product of its two
constituents." At first sight this may seem
to exhaust the subject, but a fow words in
plain English may, perhaps, bo added.
Those who contend that women ought to
Le admitted to the exercise of political power
completely mistake the ground on which their
battle has to be fought. They always argue
as if men were oppressively depriving women
of their just rights. The letter of Mr.
George William Curtis to the Cleveland Con
vention would, as a statement of abstract
principle, command "almost general assent;
but it does not in any way touch the practical
question of "Woman's suffrage." His argu
ment is essentially as irrelevant to the sub
ject as the "Fourth of July" rhodoruontade
in his concluding sentence; and it is diffi
cult to bolieve that ho would ever have ven
tured to,address either to an assemblage of
men. He assumes that the reason why
women do not vote is that men are opposed
to it. The truth is quite the other way. The
vast majority of men are roally indifferent to
the whole matter, and very willingly
stand aside to leave women to settle it
among themselves. The difficulty with which
the advocates of "woman suffrage" have to
contend is the disinclination of women them
selves to take an active part in political life.
Whenever the majority of women really de
sire admission to the franchise, they will ob
tain it, and it would bo fruitless as well as
. unjust to oppose their claims. When they
Lave made up their minds that it is good for
them and for the country at large that they
should vote, they will be admitted to the suf
frage as a matter of course. But we decline
to accept the opinions and statements of a
handful of "agitators" some very eccentric,
some moderate and sensible as a full and
fair expression of the views of a majority of
American women. The private experience of
almost everv man is. that women are the first
to ridicule the pretensions of those who pro
tend to be their leaders. Lot every f aniily-
xnan take his own home, and see how many
pf its female members sympathize with the
' claims which are put forward by even the
inost temperate of all the "women suffrage"
party. Tho proportion would be found ama-
' Singly small.
We contend, tnoreiore, mat it is aosuru to
" attack mon as if they were tho cause of the
exclusion of women from the franchise.
Women themselves do not want it will, in
fact, have nothing to do with it. Mr. John
JStuart Mill has been unable to prevail against
precisely tho same state of feeling in Eng
land. He has lent the weight of his name
and the force of his genius to the "woman
suffrage" party, and the women of England
firmly persist in standing aloof from him.
Mrs. llowe said at Cleveland that the right to
Tote "would at once place woman on the
footing of a noble and conceded equality with
men." Now she cannot get her sex to believe
that. They see very clearly that she is wrong,
and then, as Mrs. Howe cannot move them,
she upbraids men for their injustice. As a
..' condition of woman's admission to the suffrage,
women must show that they desire it. At
present they are heartily opposed to it
ninety-nine women out of a hundred all over
. the country would vote against it; and it is
only beating the air to assail men for a state
of feeling which most of them approve, but
which they were not the moans of bringing
into existence.
. THE INCOME TAX WHY IT OUGHT TO
BE DISCONTINUED.
From the A'. Y. World.
This unpopular tax will expire by its own
limitation at the end of the present fucpl
year, on tho liOth of June next. Whother
Congress will renew the law imposing it is a
question which has been of late pretty widely
discussed by the press of tho country, the
general drift of sentiment being thoroughly
adverse to its renewal. In those discussions,
however, so far as wo have looked into them,
the objections to tho income tax have been
rather feebly stated, and some of the most
important have been overlooked altogether.
- The arguments against it which are chiefly
dwelt upon are its inquisitorial character, and
its evasion by so large a part of the comuiu--riity
as to make it a tax on honesty rather
than a tax on incomes. These grounds of
objection are so trite and familiar that we
merely allude to them in passing; it being
our purpose to present some ot tne neglected
considerations which weigh against the tax.
A tax on incomes, even if it were not in
quisitorial in its nature and were paid with
out evasions, would nevertheless be one of tne
most objectionable forms of raising a revenue
that could be adopted.
The incomes of people are no measure
either of their ability to pay taxes or of the
amount of protection they receive from the
Government. This is emphatically true in
a young country like this, of astonishing
"' -growth and development, where there
are such amounts of property, unproductive
at present, but constantly and rapidly
rising in value. The certainty that un
improved property in and around our thou
sands of expanding cities and villages will
i i i a , i -HA- ii. .
uk m vmue, uui uie capabilities oi me
vast area of cheap, unoccupied land in the
"West, much of it lying in choioe looations,
vhere, in a few years, its value will be en
hanced tea or twenty fold, havo caused
extensive investments in such property
by 6 largo proportion of onr wealthy classns. I
Hundreds or millions oi dollars aro so in- F,
vested in pronorty which at presont yields :
owners. The consoquonoe is, that great num
bers of mon reputed in their own com
munities to be wealthy some of them sun
posed to be worth millions return soarcely
any income at all. Neighbors of theirs, re
ceiving small and precarious incomos whose
continuance depends on the uncertainties of
life and health or tho caprice of employers,
pay a burdensome tax, while those shrewd,
rich men who are rising to be nabobs and
all whose heirs will be millionaires, pay
none. If the industrious earners of small in
comes, who are dependent on salaries or
professional fees, die. they leave their fami
lies penniless; but if these rich-men without
incomes die, their famines are left in
affluence. Tho present income tax docs not
reacn, ana it is impossible to devise an in
come tax which would reach, this constant
growth in the value of property. In old and
densely-peopled countries thore are few such
opportunities of making great fortunes by
buying up unimproved real estate; and in
sucn countries an income tax is not attondod
with such gross and flagrant injustice. Its
effect here is to relieve a very large propor
tion of the accumulations of our richest men,
and lay the whole burden on thoso whose
growth in wealth comes in the shape of tangi
ble money incomes, and, still worse, upon
those who make no accumulations at all, but
are barely able to live upon their salaries or
their professional fees.
Another reason why an income tax is not
suited to the circumstances of this country,
and necessarily works injustice, lies in our
system of agriculture. In England proprie
tors of tho land are not, for the most part, its
actual cultivators. The land is ownod in
large estates by the nobility and other wealthy
men, who give long leases at a fixed rent,
rendering the income from farming lands as
tangible, and as easily ascertained, as income
from any other source. But in this country,
where nearly all tho land is cultivated by its
owners, there is no means of ascertaining
agricultural incomes, and hardly any income
tux is paid by our farmers. Thus our largest
interest and greatest source of accumulation
almost entirely escapes a burden which
weighs heavily upon some other classes
of the community. A farmer returns
as income (when he makes an income re
turn at all) only the proceeds of the crops
he sells, making no account ol the consump
tion of his family. Other people spend a
great part of their taxed incomes in purchas
ing the subsistence of their households. Good
farming constantly increases the value of tho
lands cultivated; but such enhancement of
value is never returned as income, although
it is as real an addition to tho wealth of the
owner as the money which he receives for
his surplus crops. Thus a thriving farmer,
who is every year improving his circum
stances and adding to tue value ot ins pro
perty, pays no income tax; wbilo multitudes,
whose yearly earnings are consumed in their
yearly expenses, and whose death, sickness,
loss of situations, or loss of professional re
pute, would plnuge their families into desti
tution and distress, havo their scanty means
diminished by this unequal and unjust im
position.
DECLINE IN GOLD-GOOD EFFECTS
OF GENERAL GRANT'S FOLIC V.
From tit K. Y. Herald.
The remarkable decline in gold tho price on
Thursday touching 124 the lowest since tho
year 181 !o is the fruition of the policy which
General Grant inaugurated when he delivered
his brief and simple address on the 4th of
March last. The promise which he then
made of reducing the expenditures and of
faithfully gathering the revenues of the Gov
ernment is being fulfilled in the falling of
the price of gold, which is but tho financial
sign and index of the increasing credit and
stability of the Government. The practical
enects of his policy are now quite visible,
since the smashing of the gold ring and the
breaking up of tho Wall street combinations
that were formed in mid-summer to advance
tho price of the precious metal. It will be
remembered with what delight his enemies
then pointed to the rise in gold as a proof of
tho weakness of his efforts. The gold gam
biers were the sole cause of the upward move
ment, and in pushing it onward abandoned
themselves to the belief that they possessed
the power to undo all the good work which
General Grant set out to perform. His sim
ple order to sell a few millions from tho
Treasury ruined their fond anticipations and
dissipated the gold corner in tho most effec
tual manner.
The results of General Grant's policy are
all the more remarkable for the reason that in
taking hold of tho reins of government ho
was encumbered by the abuses bequeathed to
him from the previous administration. Be
fore setting his own plans in operation ho was
under the necessity of righting what was
wrong in the various departments. Ho had
to unearth and put an end to all the various
frauds and schemes ol corruption clinging to
tho appointments of the former irfinif, and
make a general cleuring out of the public
offices. Ihe lormidable conspiracy which at
tacked tho gold market was an obstacle for a
time to the operation of his plans, but ho
eventually triumphed, as the apparent dis
credit of the Government finances implied in
the rise in gold was the result ot artificial in
lluences only, which had in the long run to
succumb to natural causes. The good results
of his honest determination to faithfully col
lect the revenues and to retrench the expenses
of the Government aro at length reflected in
the gradual and steady but sure appreciation
of the national credit. I nuer tho cir
cumstances of our present political
situation gold is a commodity whoso
price depends, on the one hand, upon
the condition ot tho national credit
and, on the other, upon the relaiions of
our foreign trade. The burden of the publics
debt is not necessarily an insurmountable
obstacle to tho resumption of specie payment
for tho Government currency. Otherwise
Lngland would never have returned to specie
payments. It is only bufticient to assure the
national creditors of tho honest intentions and
ability of the Government to meet its obliga
t ions in order to restore perfect confidence.
1 his portion of the plan Gcnoral Grant has
assumed as his special duty. Tho commercial
value ot gout is settled by the laws of demand
ard supply. According as the balance of
trade is for or against us will gold be in de
mand for export. Gold, after all, is not the
real currency of the business world. There
is not gold enough in the world to suffice for
all the transactions of commerce. Signs of
value, such as checks, bills of exchange, drafts
and bunk notes, are the real vehicle of busi
ness operations. Between different countrios
gold is essential simply as a means of settle
ment for the difference in value between the
imports and exports. Now, General Grant
on his side is doing what is proper to restore
the national credit. Economy among the
people and production in excess of consump
tion will contribute what is needed to com
plete the work.
THE LATEST FASHION IN MUjMC.
From the Jf. Y. Tritmne.
Two yoars ago, when half the town ran
madly alter lier rollicking Highness of Gvirol
stein, and clapped their hands for joy that in
the new i rench Apollo they had a greater god
than any of tbe old Italians whoso lavs had
charmed us before, a few sober people who
bad not been caught by tho prevailing mania
cried out that the musical art had got its
death blow, and we were all rushing to moral
and ii'Hlnetio destruction. And it seemed, in
deed, for a while as if they might be right.
r rom tne uranu Jmchess to tho lair Jloien
was only one step, and from Troy to Brabant
was another. While the revels of Off enbach
raged fast and furious at one end of Four
teenth street,- the faces of musicians grew sad
and anxious at tho other. Artists raised
their voices in vain amid the solitudes of
the Academy while shapely women were
flaunting their skirts and saying naughty things
on tho boards of tho French Theatre. So
the doors of the opera house were locked
one day, tho cotton covers were drawn over
the gilded boxes, and dust was left to settle
on tho great stage until such time as the
world should got through with us frolic and
recover its senses. Mr. Grant White and
others might well believe that art was depart
ing forever from tho stage, and mere non
sense and frivolity comijg to permanently
taKO its place. At last, however, tho trolio bo
came so daring that innocent eyes were
opened to its real significance, and ladies
found out that tho Fair Helen and the un
happy Genevieve were not very good com
pany for them, and then the reaction began.
So much money was lost in opora bouffe, and
such a marked change took place in the cha
racter of its patrons, that after tho second
season not a vcst'ge of that stylo of entertain
ment was to be found in the whole city.
It was a serious questiou at first, however,
whether the true art and the false had not
both been overthrown. Very few supposed
that musical tasto would revive without at
least a year or two of depression. But fash
ion is as fickle in music as she is in skirts and
bonnets, and goes back as readily to a dis
carded composer as she does to an abandoned
petticoat. We dare say the groat Jubilee at
Boston bos had its effect in turning tho public
away from their false gods, and convincing
them that they can worship with quite as
much pleasuro and qttito us much stylo at tho
feet of Rossini as at the calves of Tostoo.
Bo this as it may, fashion has sot violontly
and suddenly towards tho legitimate in the
art of music. A seat at the Philharmonic
Concert is an unpurchnsublo luxury for which
a New York bello would sacrifice the best ball
of tho season. Tho ccntouary of Beethoven
is to bo celebrated hero with a grandeur which
will make Boston blush with mortification and
howl with envy. One English opera company
bus dung for us and gone away with full
pockets, and another follows it with the same
success. And finally, Italian opera, thought
to be the most hopelessly prostrate of all lyric
enterprises, basks in such a sunshine of favor
that manager and singers must be amazed at
their own prosperity. All these succosses are
well deserved, but they aro not tho less re
markable for all thut. A good performance
of Williitin 1 'ell is a blessing which descends
upon America only once in a deeado or so;
and a performance with such an "Arnoldo"
as the new tenor who has now fired the
town would mark an epoeh in tho musical
sistory of aby city; yet music is so seldom
rewarded as it .should be that there is per
haps more reason to be surprised
at the fashionable enthusiasm than if it wasted
itself upon the dyed locks and stuffed anato
my of the ludies of the ballet. Frankly, we
must say that Fashion has shown a degree of
sense for which we wore quite unprepared.
Let us take the good the gods provide and be
thankful. last will grow from experience.
The fair dames and polished cavaliers who go
to tho opera now because some mysterious,
awful, unseen autocrat has decreed that the
opera shall be patronized; because the boxes
are well arranged for flirtation, and the balco
nies aro unrivaled for tho exhibition of silks
and pearl powder, will learn to go pretty soon
for love of art itself, to keep silonco during
tho soft music, to pat their hands and cry bin?
bin in the right place, and to remember with
a sort of shame the barbarous days when an
opera season could be mado by an accident
and ruined by a whim.
THE INCOME TAX ANOTHER BLUN
DER OF GENERAL GRANT'S.
Prom the N. Y. Sun.
A series of articles on the income tax has
lately appeared in the New York limes, which,
if not written by Mr. A. R. Corbin, contain
strong internal evidence of having been
authorized or inspired by rresident Grant
The Times has always supported the income
tax, unjust and unpopular as it is; but this
fact was never of the slighest account so long
as the ideas were only the productions of the
various conductors of that sheet. Now, how
ever, that the advocacy of the income tax
through its columns comes from high official
sources, and from the i'resident s brothor-in
law, if not from the President himself, it is
worthy of notice. There seems to bo no hesi
tation on the part of tho Times in urging the
continuance of the tax directly in the face of
the law.
We are further informed that tho Secrotary
ot the Ireasury and tue Commissioner of In
ternal Revenue favor a renewal of tho present
income tux at the next session of Congress
and it is stated also thut the President in his
message will recommend a continuance of Jail
the present revenue laws, it he does this, lie
will ask Congress to break a most solemu
promise, and one which cannot bo violuted
without dihhonor.
The income tax was imposed at a time of
the greatest danger this country has ever
known. The people did not like it, but they
submitted to it for the sake of national safety
and success, 'lho law was universally re
garded as a war measure, or it never could
have been passed; and tho 1 Kth section of
tho act itself contains a most emphatic pledge
that tho tax on incomes should cease with the
war. It says:
"Anil be It further enacted. Tliat tlio taxes on In
comes herein lmpcmed gtixll be levied on tliu tlrst day
of March, uuil be due and pavuble on or before the
thirtieth day of April In each year, until and In
cluding the yeur eighteen hundred aud seventy, and
no umijer.
Now, when President Grant bogan his ad
ministration, he appointed Mr. Stewart Soc
retary of the Treasury, in total ignorance of
mo law wmen lorbade that gentleman to ac
cept the place. We should bono that a simi
lar want of information might not mislead the
President in regard to the income tax. It is
by no means certain, however, that know
ledge will teach him wisdom in this case any
more than it did then. He began by request
ing the repeal of a law which had stood on
the statute book fifty years, in order that his
personal friend and pecuniary benefactor
might take office under him. It would not
be very surprising, therefore, wore he now to
advise Congress to violate the solemnly
pledged faith of the nation.
But should he do this, he will commit an
enormous wroug. Wo have shown that in
the internal revenue act which contains tho
provisions relating to the income tat, lho
national legislature promised the poople that
tho lax should ocase to be levied after 1870.
'Until and including the year einhtoon hun
dred and seventy, and no longer," are the
wornu. instead or a recommondation Iroin
tho President that the law bo re-enacted, it
would be his duly, in case Congress should
uw iu uuui-iiiiiu it, tu veto lun uhi. x no
Government of the United States, powerful
as it is, must not bo at liberty to disregard its
pledges to tne peopio, lust bocauso thoso
pledges were made five or six vears ago. No
statute of limitations runs nuuinst tho public,
by w hich tho rulors of the laud can oscapo the
just porlormauco of their promises.
bo high is the publio estimate of the im
portance or national honesty, that all our
recent elections have pronounced the doom
or tho policy which had for its basis tho repu
diation of the nationnl debt. Tho poopln
insist on the rultilmcnt of every obligation
growing out or tno war, although a largo pro
portion of tho dobt is owinu to forniicnors.
Can they do this, and at tho sumo time purtnil
tho Government to break faith with tho
public here at home ? Wo think not, and
I'resident urant, in advocating tho ronowal
of the income- tax, advocates repudiation of
the nation's promises just as cloarly as do
those who ask us not to pay tho nationul debt.
FINANOIAL..
Burglary, Fire, or Accident.
The Safe Deposit Company,
IN TIIKIK
New Fire and Burglar-Proof Building,
Nos. 329 and 331 C1IESNUT STREET.
The Fidelity Insurance, Trust,
AND
SAFE DEPOSIT COMPANY.
A11TA1j $i,ooo,o
DIRECTORS.
N. B. Browno,
Ubirrnno H. Clurk.
.lohn Welsh,
OkmrleH Mucalestttr.
Kdwnnl W. (Nark,
Alrtxuntlor Htmry.
Steulien K. i Iitlilwoll,
Ooiirno h Tylor,
HonryO. Gibson.
Prcbldcnt-N. B. BROWNK.
Vice Prosidont-OLARKNOH II. OLA.RK.
Bocrotary and Treasury ROB KRT PATTERSON.
Assistant Socrotary-J AM K3 VV. UAZLK HURST.
The Company have proviilod in thoir now Building and
Vaults absolute security against loss by FIRE, BUR-
CLARY, or ACCIDENT, and
KEOK1VK SECURITIES AND VALUABLES ON DE
POSIT UNDER GUARANTEE,
Upon tho following rates, for ono yoar or loss period :
Government and all other Coupon Bucuri-
ties, or those transforablo by delivery 9100 por $1000
Government ami all other Securities regis
tered and negotiable only by endorsement fiO por 1A00
Gold Coin or Bullion 125 per 1000
Silver Coin or Bullion 2 00 por 1000
Silver or Gold Plato, under soal, on owner
estimate of value, and rate subject to ad
justment for bulk l'OOpor 100
Jewelry, Diamonds, oto 2'50 por 10(H)
Deeds, Mortgages, and Valuablo Papors generally, whoa
of no fixed value, $1 a year, each, or according to hulk.
Those laHer, when deposited in Tin Boxes,are ehargod
according to bulk, upon a basis of 16 feet cubic capa
city, $10 a year.
Coupons and interest will bo collected, when dosirod, aud
remitted to the owners, for one per cent.
The Company offer for RENT, tho lessee exclusively
holding the key,
SAFES INSIDE THE BURGLAR-PROOF VAULTS,
At rates varying from $15 to $75 each, per anuum, accord
ing to size.
Deposits of Money Received, on which interest will be
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posits, payable on ton duys' notioo.
Travellers' Letters of Orodit furnished, available in all
parts of Europe.
Thii
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Trusts of every description from the Courts, corporations,
or individuals.
N. B. BROWNE,
PRESIDENT.
ROBERT PATTERSON,
11 23 tuthsSmBp SECRETARY AND TREASURER.
A A It 1 I ii
II O IJ 8 11
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Nos. 112 ami lit S. TIIIISI) St.,
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Dealers In Government Socuritles
Old 6-20S Wanted In Exchange for'New.
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Interest Allowed on Denoslta.
COLLECTIONS MA OK. STOCKS bought and sold
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of the United States. Full information given at our
o'co- io l am
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DEALERS IN UNITED STATES BONDS, and MEM
BERS OF STOCK AND GOLD KXCHANOH.
Receive Accounts of Banks and Bankers on Libera
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ISSUE BILLS OF EXCHANGE ON
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JAMES W. TUCKER A IX).. Part a.
And Other Principal Cities, and Letters of Credit
i u Avauauie Throughout Europe.
P. 8. PETERSON & CO..
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Members of the New York and Philadelphia Stock
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stocks, bonds, Etc., bought and sold en com.
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FINANOIAL..
Tin:
FIRST MORTGAGE
SINKING FUND
7 PER CENT. 40 YEAR
GOLD BONDS
or THR
Chicap, Danville ani Yiacewies
RAILROAD COMPANY.
Total amount to IclMiicl,jt'.t, 500,-
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(Extending from Chicago throngh Efttorn Illinois to
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The Road traverses a country that assures a large
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Cl'OrJ THIS PORTION OK THE LINE ONLY WE NOW
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These Bonds are protected with extraordinary
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aside, will provide ample means for their redemp
tion.
They are Olllclally Registered and Transferred by
the
Union Trust Company
of New York, who thus become the custodiry)'
thCSC Bonds. IT IS CONFIDENTLY BELIEVED TIIOT -m
Bonds can db made moke perfectly secuke,tir
MOKE ABSOLUTELY SAFE.
It IB a CAPITAL ADVANTAGE of these Bonds
that they bear 7 per cent, gold interest for 40 years ;
and compared with 6 2cr cent, gold bonds, the addl
tlonal 1 per cent, at compound Interest, for thirty
years, would give the owner of this Bond a proUt of
ta&l 128, and for forty years, 82003 43.
Government 8ixes might be exchanged with this
result: 810,000 would buy 112,000 of these bonds,
payable In gold, yielding a profit in hand, and besides
TUE GAIN OF 8-,000 PRINCIPAL AND THE AN
NCAL 0 PER CENT. THEREON, WOULD, AT
MATURITY, NET TIIE BUYER 824,041-10 ADDI
TIONAL FROFIT IN INTEREST.
Prices at present, 95 and accraed interest from
October 1.
Pamphlets, with Haps and detail, and the BONDS
may be bad of us, or of
ii? iiAvurv v iiieotiii:i:.
Dealers In Government Securities, etc.,
No. 40 South THIRD Street, Philadelphia.
Having personally examined this entire lino ot
road, finished and projected, as well aa the country
through which It runs, we oifer these Bonds with
every confidence In their full worth and soundness.
W. BAILEY LANG & CO.,
No. 54 CLIFF Street, New York,
Agents for the sale of the Bonds. 11 23 tuths4t
A RELIABLE HOME INVESTMENT.
THE FIRST MORTGAGE BONDS
OF THE
Wilmington and Reading Railroad,
BEARING INTEREST
At SEVEN PER CENT, in Currency,
PAYABLE APRIL AND OCTOBER, FREE OF
STATE AND UNITED STATES TAXES.
This road runs through a thickly populated and
rich agricultural and manufacturing district.
For tho present, we are offering a limited amount
of the aoove Bonds at
85 CENTS AND INTEREST.
The connection of this road with the Pennsylvania
and Reading Railroads insures It a large and remu
nerative trade. We recommend the boAda as the
cheapest first-class Investment In the market.
M, FAINTER & CO.,
BANKERS AND DEALERS IN GOVERNMENTS,
No. 36 SOUTn THIUD STREET,
9 4 U2 31 PHILADELPHIA.
QE,E.lIIi, KAV1S & CO.,
No. 48 SOUTH THIUD STREET,
PHILADELPHIA.
GlENDINNING, DAVIS & AMORT,
No. 2 NASSAU STREET, NEW YORK.
BANKERS AND BROKERS.
Direct telegraphic communication with the New
York Stock Boards from the Philadelphia oilico. 18 2
CITY WARRANTS
BOUGHT AND SOLD.
C. T. YERKES. Jr., & CO..
NO. 20 SOUTn THIRD STREET,
PHILADELPHIA
FINANOIAL..
CENTRAL RAILROAD OF I0VA.
ITS
SEVEN PER CENT. COLD
FIRST MORTGAGE BONDS,
Free of Government Tax,
At 95 and Accrued Interest.
This road runs through the richest and most '
thickly settled portion of this magnificent state, and
Is the only link wanting to connect St. Louis and 8r,
Paul by a diroct line, UT miles shorter than any
other.
It runs through the great coal Acids of Southern
Iowa to the North, where coal Is Indispensable and
must be carried.
It runs from the great lumber regions of the North,
through a district of country which Is destitute of
this prime nsoesslhy.
IT D0K3 NOT HON THROUGH A WILDERNESS, Where
It would wait for years for a population to give It
business, but through a tier of counties which are
now producing about twenty million bushels or
grain, most of which is freight for railroads.
Forty-live miles are Just finished, and the Super
intendent reports that on the portion open for busi
ness the net earnings are more than the Interest
liabilities.
Sixty miles more are graded, and a million and
a half of dollars havo already been expended on the
work.
Tho mortgage Is made to tho Farmers' Loan and
Trust Company, and bonds can be Issued only at the
rate of llfl.ooo per mile, or only half the amount upon
some other roads. Special security is provided for
tho principal and for the payment of Interest.
First mortgages upon most railroads aro the very
safest Investments, and, so fur as we can learn, there
is not a single completed line in the Northwest which
is not only paying Us Interest, but a good dividend
upon Its stock.
The immense grain and ot:ier freights to "be car
ried away, and the domestic supplies to be brought
In, ensure a profitable business.
First Mortgage Bonds for so small an amount upon
a road running through such a rich and already
well-settled part of Iowa, can well be recommended
as a perfcotly safe as well as very profitable invest
ment. At the present rate they pay about ten per
cent, on the Investment. Over S4U0,0tt) have already
been taken by the Company's oillcers and others In
terested In the enterprise. Pamphlets, with map,
may be obtained, and subscriptions will be received
In Philadelphia by
B. 1C. JAMISON te CO.,
N. W. Cor. THIRD and CHESNUT SU.,
BOWEU & FOX,
Icrchniita' lixclianc lluildlng-.
And In New York at THE COMPANY'S OFFICES,
No. 82 PINE Street, at the BANE OF NORTH
AMERICA, No. 44 WALL Street, and at HOWES X
MACY'S, No. 80 WALL Street.
Pamphlets sent by mall on application.
W. B. SHATTUCK,
11 13 stuthlnup TREASURER.
UNITED STATES BONDS
BOUGHT, SOLD, AND EXCHANGED ON MOST
LIBERAL TERMS.
GOLD
BOUGHT AND SOLD AT MARKET RATES. COU
PONS CASHED.
PACIFIC RAILROAD BONDS
BOUGHT AND SOLD.
T O C I H
BOUGHT AND SOLD ON COMMISSION ONLY.
COLLECTIONS
MADE ON ALL ACCESSIBLE POINT
DE HA YEN & BR0.,
No. 40 South THIRD Street,
in;
PHILADELPHIA.
i it. .1 a 71 iso : & 4:0.,
SUCCESSORS TO
i. r. k 1:1,1.' ,v ;.,
15ANKEHS AND DEALERS IN
Gold, Silver, anfl Government Bonis,
AT CLOSEST MARKET RATES,
N. W. Cor. THIRD and CHESNUT Sts.
Special attontion given to COMMISSION ORDERS
In New York and Philadelphia Stock Boards, etc.
etO; 6 5tiaai
JOHN 8. RUSHTON & CO.,
No. 50 SOUTH THIRD STREET.
NOVEMBER COUPONS
AND
CITY "V A. II 1 1 A. IS" T fej
10 5 8m BOUGHT AJTD SOLD.
DR. M. KLINK CAN CURE CUTANEOUS
Krnptiuna, Mark, on the Skiu, Ulcer, in tb. MirttAt,
moutb aud u, .ore le ud iwi ot every ooaoeivalit.
clmrucler. Oltioe, No. BHhouUk UKYUMU, btwM
UUbsuuI uid Mftrk.t Sir at, 4
1 I
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