THE DAILY EVENING FELEQUAPIl PHILADELPHIA, MONDAY, !)KUFSMBB""6, 13G!).
FIFTH EDITION
THE TREASURY.
Tho Annual Report of tho Secre
tary of tho Treasury Tho
Financial Situation of
tho Country.
WAfimNtiTOH, Dec. 8. The following U the con
elu'llngand most essential portion of tu Secretarj
f the Treasury's report:
One of the mom efficient meant of strengthening
the country In Its financial relations with other oouu
. tries is the development of our commercial marine.
The returns show that a very large amount of the
foreign trade is In English hands.
We are not only tans dependent npon a rlral
country for the performance of the business which
should be In the hands of our own people, bat our
ability to maintain specie payments Is materially
diminished. If the entire foreign trade of the
country, both of exports and Imports, were carried
on In American ships, the earnings would not ba
less than seventy tiro millions of dollars a year. At
present the freights of the foreign trado In American
shins do not exoeedtwenty-efght millions ofadollars.
Were the trade exclusively la American hands a
large part of this difference of' forty-seven millions of
dollars would be due to cltlzuusof tho I'nited States,
and payable In other conntrlcs. Tills amount would
be thus addod to our ability to pay for goods Im
ported from those countries. If, for example, au
American citizen purchnse In New York a thousand
barrels of flour for six thousand dollars, and export
It to Liverpool In an American vessel,
and It Is there sold for seven thousand
dollars, a bill of exchange msy be drawn aeralnst
the proceeds, and an invoice of goods of tho
value of seven thousand dollars, purchased In Eng
land, entirely liquidated, although at the Custom
House at Mow York there would be an apparent
balance against the country of one thousand dollars.
But If, on the other hand, the; thousand barrels o'
flour are exported In a British vessel, the prouei d I
of the flour realized In New York, and which can b 1
applied to the payment of goods bought In Kngl nd,
will be only six thousand dollars, and there will ra
main an actual balance against the country i f
thousand dollars.
This familiar example shows the Importance of
re-establishing our commercial supremacy upou the
ocean. And 1 deem it therefore essential to our
prosperity that the shipping Interest of the country
be fostered not only as a nursery for seamen, but
also as an essential agency in enabling tho Govern
ment to Institute and maintain specie payments. It
Is an Interest also which in Its development Is as lm
' portant to the States and people remote from the
- sea coast as it Is to the maritime sections. Every
addition to our facilities for the export of the pro
ducts of the Interior Is as advantageous to the pro
ducers as to the merchants and shipbuilders of the
coast.
While I do not anticipate that It will be necessary
to delay resumption until our proper commercial
position Is regained, I am satisfied that the develop
ment of the navigation and shtp-buildlng lntcrcss
will Improve the credit aad rapidly augment the
wealth of the country. The suggestions that I have
made Indicate my opinion that it will not be wl.se to
resume specie payments while so large a part of the
interest-faring debt of the country Is re presumed
by Five-twenty bonds and held by European mer
chants, bankers, and manufacturers. ljucKtiong
that have beenTaUed In regard to the nature of the
obligation assumed by tho Government In the
issue of those bonds have undoubtedly deterred
many persons from purctissing them as a permanent
Investment, and consequently they are largely
held In this country and in Europe for speculative
fiurposes by persons who ucsigu to put them upon
he murket wneneuer tho udvnnca shall furnish a
sufficient Inducement, or when political or financial
disturbances may en ale a demand for money fur
other purposes It Is probable that from seven to
nine hundred millions of these bonds are now held
in Europe, and to a coiisdietable extent by
persons who will .dispose of them under
the influences to which I havo referred. Such a
panic as existed in Europe In lstitt, at the opening of
the Austrian and Prussian war, would he likely to
induce the return of a suillcleut amount to this
country for sale to embarrass business, and in case
of resumption to cause the suspension of banks. It
is, I therefore. In my Judgment essontlal that the
larger part of the Five-twenty bonds be withdrawn,
and that other bonds be substituted In their place,
issued npon terms and conditions which will
sdrnlb of no doubt. In Hue, tho
r radical question Is not merely the
resumption of speclo payments as a measure by
itself, it is not difficult, but the problem Is to resume
under such circumstances that the position can be
maintained not only in times of tranquility, but also
In periods of excitement and peril.
Our course, It seems to me, Is plain. Every mea
sure of the Uovernracnt bearing upon the subject
should tend to appreciate the value of our paper
currency. It Is probable that some decrease In the
volume of paper will ultimately be necessary. I
therefore reapectfully suggest that the Secretary
of the Treasury be clothed with authority to reduce
the circulation of United States notes in an amount
not exceeding two millions of dollars in any one
month. Thus will the country be brought, gradually
it may be and yet without disaster. Into a condition
when the resumption of specie payments will bo easy
If not unavoidable. On the 1st of December, 1861,
the principal of the public debt of the L'nited States,
not deducting bonds and cash on hand, amounted to
$2,C05,26,7Htt2. Of this amount the sum of
taa,V4,lM-W is represented by I'ultcd States notes
not bearing interest. The larger part of this is
needed for circulation, but the amount can be re
duced from the ordinary revenue of the country if
Congress shall consider It expedient to make provi
sion for such reduction. Tho fractional currency In
circulation was $38,680,604 -6H, and there is no occa
sion for any legislation in reference to this Item of
the public debt. There were also outstanding certi
ficates for gold deposited In the Treasury to the
amount of t::o,SG2,U40. These certificates are
redeemable on presentation. These three
items amount lit the aggregate to
431,861;'ifia-18, and In making provision for the pub
lic debt they are not necessarily to be considered.
Of tho loan of January 1, lSul, the sum of $;,0i2,
too Is outstanding and payable on the 1st of Janu
ary, 18U. The loan of lsw, of twenty million dol
lars, la payable In 1873. The bonds known as ten
forty bonds, amounting to Jll)4,fMl7,BiK, are not pay
able until 1874. The six per cent, bonds pay
able in 1881 amouut to 83,i7,uoo. As the
bonds known as eighty-onus and teu-iorties,
amounting In the aggregate to f 7,ii44,900, are not
due and cannot be paid previous to 1874 and issi, it
la unnecessary to consider them in making provision
for a new loan. The Five-twenty bonds, amounting
In the aggregate to l,U2,ti7l, too, are either due or
will soon become duo, aud it is to this class of the
pabllo debt and to this class alone that attention
should be directed.
Of this amount the sum of t7:i,44T,8oa has been
purchased since March lust, and the
ponds are now held by the Gov
ernment. Before any meusure for funding the
five-twenty bonds can be consummated the Govern
ment will tie able to purchase at least seventy-live
million dollars more. Tocre will then remain on the
Hist of July next about f l,4-vi,ouu,ooo of the tive
twenty bonds In the bunds of the public creditors.
Of the eutire indeblouness of the I lilted States only
the unimportant sum oi twenty-seven million dol
lars will b ) due and payaUo previous to loT4.
I'nder these circumstances It does not seem to me
to be wise to authorize the funding of the whole
amount of the five-twenty bonds which, as Is now
anticipated, will be outstanding on the 1st of July
next; but tint $'260,ooo,ojo at least shouhl be suf
fered to remain, either for purchase or redemption
firevious to 1874. Should the sum of I'-'fiu.uoo.uotj be
eft for that purpose, the entire public
debt will be In a condition to
be easily redeemed, lietween 1 S74 aud lssl the
' ten-forty bonds could be paid, and provision also
made fur tho redemptlou of the bonds which will
become due In the year 1881. It may be wise to re
duce the r mosed loan to II ,ooo,ow),ooo. which would
than leave for navment previous to 1831 the sum of
About $67t),f0J,0uo, or hardly more than ISO.OO),000 a
year. Assuming that the proposed loan will be for
an amount not exceeding f l.KW.OOO.ooo, I recom
mend that it be offered in three classes of
400,000,ooo each. The first class of $100,000,000
to be payable li urteei years anu to be paid in
twentr Tears. The second olass of 400.ooo.ouo dol
lars to be payable in twenty years and to be paid In
twenty-five years. The third class of 4o,ooo,ooo dol
lars to be payalle In twenty-live years and to be
paid in thirty years. The essential conditions of the
new loan appear to me to be these:
First. That the principal aud interest shall be
made payable In coin.
Sccoud. That the bonds known as live-twenty
bonds shall be received in exchange for the now
bonds.
Third. That the principal be payable
this In this country ami tho interest payable
either In the United btates or tu Europe, as the sub.
acrlbers to the loan may ilellre.
Fourth. That the rate of lutcrest shall not exceed
jv per cent, per annum.
Finn
inn. That the subscribers in Europe shall receive
tbelr lutcrest at Loudon, Tails, Hcrllu, or Frankfort,
as they may elect
Sixth. That the loans, both principal and Interest,
shall bo free from all taxes, deductions, or abate
ments of any sort, uulcss 11 shall bo thought wlso to
snhject r.ltlfftns of th UnlUd Btates to such t a
npon Income from bonds as Is Imposed
by the laws of the United States
upon Incomes dorlved from invostnt mts.
There are two reasons, and each seems to mn to be
A controlling reason, why the bonds of the United
Btates should be exempt from State and local taxes.
If not so exempt, the amount of the taxes Imposed
by the local authorities will be added to the Interest
the Government will I required to pay, and thus
the uational Government will be compelled to pro
vide for taxes Imposed by the looal authorities.
Secondly. Inasmuch as the ability to borrow may,
under some circumstances, be essential to thn pre
servation of the Government, the power should not
even In times of peace aud prosperity be quali
fied by any concession to the states of
tne right to tax the means by which the National
Government Is maintained. The right to use its
lawful powers, free of anyjrondltion, restriction or
claim of another. Is an essential condition of sove
reignly ami the Nstlonal Government should never
surrender or qualify its power In this particular. In
offering the new loan, citizens and subjects of other
governments should receive the strongest assurance
that tho Interest at d principal are to be paid in coin,
according to tho terms of the bonds Issued, without
deduction or abatement whatsoever.
In order to avoid the necessity of employing
agents for the negotiation of tho lotn. I
respectfully recommend that a liberal commission
be allowed to subscribers, and that those who first
subscribe be permitted to select the class of bonds
In whtch their subscriptions respectively shall be
mado. I further reaommend, In connection with the
proposed loan, that the banks established under "the
act to provldo a national currency," be required to
substitute the bonds that may be Issued under the
proposed loan act for those now deposited as secu
rity for the redemption of their bills. Should any
bank bo unwilling to accept the new condition, pro
vlslen should be mado for the surrender of
Its charter, and authority given for the
organization of new banks to supply the
deficiency thus created. An essential condition to the
success of the proposed new loan Is the continu
ance of the present revenue system. A chief means
by which the present holders of the five-twenty
bonds can be Induced to surrender them snd receive
a bond upon longer time and at a lower rato of inte
rest Is tho certainty furnished by the magnitude of
the national revenue that these bonds are soon to
be redeemed. We must be prepared to offer them
the alternative either of accepting the new bond at
a lower rate of Interest or payment of the principal
of the existing bonds. When the flve-twunty
bonds shall have been funded to the amouut
ef 11,000,000,000 or 1,200,000,000, the revenuos can
be reduced materially, aud yet sufficient suras be
raised to meet the ordinary expenses of tho Gov
ernment, to pay the Interest on the pucllo debt, und
also to pay $,oo,ouo to Jto,ooo,ooo of the principal
annually, should our success In negotiating a new
loan bo equal to my expectations, based upon the
fact that the ability and disposition of tho people of
the United States to pay the public debt are suffi
cient to justify us in assuming that the bonds or the
I'nited States will command the highest rates In the
markets of t he world. Wo shall then be in a condition
to enter upon the work of reducing the tax at tho
commencement of the next session of Congress.
On the !)0th of Juno, lsiks, tho amount of outstand
ing three per cent certificates and compound lute
rest notes convertible into three percent certificates
was $71,004,890. On the :mth of June, isuf, the
amount outstanding was t."4,9itl,4IO, showing a re
duction off itl.4U,48u in that form of Indebtedness,
On the 1st of December, 1809, the amount outstand
ing was still further reduced to tfd,71G,i:,
showing a total reduction In seventeen mouths of
21,sss,740. Tho three per cent, certificates are a
substitute, to a considerable extent, for I'nited
States noti-s, being largely Ik Id by the banks as a
portion of their reserve, aud thus Indirectly, IIioukIi
not to their full notnluul value, thev swell the
volume of currency. I recommend that' provision be
made for the redemption of the three per cent cer
tillcates within reasonable time, und, as a compul
sory measure for the reduction in the amount of
currency which would thus be caused, that
authority be given to grant churters for
banks in the States where tho banking
capital Is loss than the share to which thev would
be entitled to au amount not exceeding thirtv-tive
millions of dollars In tho aggregate. Tho redemp
tion of the three per cent certificates and the addi
tions to the banking capital might be so arranged as
not to produce a serious disturbance in the nuances
or business of the country, while additional banking
capital would be supplied to the sections now in
need of it uml this without any increase or the
volume of circulation.
There are two evils in the present banking system
which require remedy by prompt und eillcicnt legis
lation. The first Is the pructlc.e on tho part of banks
of allowing Interests upon deposits. The effect of
this practice Is that moneys lu the hands of Indivi
duals which otherwise might be loaned for regular
mercantile and other business purposes are diverted
into thu custody of bunks, upou tho idea that if the
security is not better, payment can bo secured at a
moment's notice. Country banks, and others remote
from large centres of trade, having received money
or deposit for which they pay interest, are noxious
to truusfer such funds to other hands from which
they will receive an equal or larger rate of interest
in return. Tiicy are stimulated also by the desire to
place their funds whero they can be at all time
commanded. Thus Influenced, I arse sums are
plsced on dcpotlt with banks In the cities, and espe
cially the city of New York, which is tho great centre
of trade and finance for the Atluntic coast In the
ordinary course of trade the currency of the coun
try tends rapidly to the cities, and It is unwise to
stimulate Btliis tendency by artlilcial means.
nut toe evil uoes not end
itli the impoverishment of the
country, as the banks in the city may be culled upon
at any moment to respond to the drafts or their de
positors, they decline to make loans representing
such funds upon commercial paper, payable on time,
but Insist upon making call loans, as they are
termed, with Government bonds or other obligatious
pledged as collateral security. Merchants will not
borrow money In large sums payable on demand.
The consequence Is that the moneys thus accumu
lated In tho city bunks are loaned to persons en
gaged iu speculative purposes. The extent of this
evil is seen in the fact that of the bank louus In
tho city of New lork In October, 18tM
tis,00c,0e0 were upon commercial paper and
$ii8,000,nco upon demand, with a pledge of collaterals ;
and In October, 1ho, t9'.i,ooo,ooo were npon commer
cial paper and fo,ooo,ooo upon aemann. in tne ror
mer year 41 percent., and in the latter year HT per
cent of tho loans made by the New York banks were
upon demand. A further result is seen In the fact that
parties borrowing money upon commercial paper for
legitimate commercial purposes pay from S to tl per
ctnt. additional Interest per annum as compared
with persons who borrow money for specula
tive purposes. I, therefore, respectfully re
eommend that a law be passed prohibiting abso
lutely the payment of interest by banks upon de
posits, and limiting also their loans npon collaterals
to an amount not exceeding ten per cent, of their
capital.
I am satisfied also that tne practice or certifying
checks, even when funds aro In the bank to the
credit or tne drawer or tne chock, is rraugiii wiin
evil, and that it ought to be entirely prohibited.
The following statement exhibits the receipts
and expeditures for tho fiscal year ending June 30,
169: Receipts for Customs, Il80,048,4'i6't3;
internal revenue, lhs,:,4(;o-6; lands, f 1,020,314-34;
direct tax, 7tl8,csa-61 ; mlsceliuneons sources,
27.7f)2,829-77 ; total exclusive of loaus,70,943,747'Ul.
Expenditure civil service, r,474,08l -63; pensions
and Indians, f3fi,61,M4't4; War Department,
$78,60i,ui 'fll ; Navy Department, $20,000,767 i7; in
terest on the public debt, $lao,tiy4,vM4t0;preiitliiiii on
7 3-10 U. S. Treasarv notes, $:i0,00O; total, exclusive
of louus, $321,r90,S97-7f; receipts in excess of ex
penditures, $4'.l,43,149'40.
The following statement exhibits the receipts and
expenditures for the quarter ending September !io.
1 sot): Receipt Customs, $.'.2,r..s,yii -h0; internal
revenue, $47,l2C,Wi-f.l ; lands, tv.issot-os; miscel
laneous sources, JI,41'.',4m:'.-57; total, exclusive o."
loans, $UM),883,10'i-ii& Expenditures, after do
ducting the amount of repayments by disbursing
otllsers and others civil service, $ir,i02,msjr;
Indians and pensions, $l,r47,942'7U; War Depart
ment, $13,6on,4ti8 0ft; Navy Department, $.'),782,030l98:
Interest on the public debt, $37, u2'2S0'74; total, ex
clusive of loans, Nn,4so,M4'M: receipts in excess of
expenditures, $23,351,107 43. The estimated receipts
and expenditures for tho three remaining quarters
of the fiscal your ending June 30, 1870,
are as follows: Receipts for customs,
$136,000,000; Internal revenue, $127,000,000; lands,
$4,000,000; miscellaneous sources, $20,000,000 ;
total, $2sfl,0oo,000. Expenditures civil service,
$40,000,000; pensions and Indians, $21,000,000; War
Department, $40,600,ooo; Navy Department 814,000,
000 ; Interest on the public debt, $03,760,000 ; total,
$209,250,000 ; estimated receipt In excess of expendi
ture, $70,760,000; estimated receipts aud expendi
tures based upon existing laws for the fiscal
year ending June 80, 1871. Receipts cbh
touis, $lsfi,tMH),Oo0; internal revenue, $l7ft,oo0,aoo;
lamU $6,000,000; Miscellaneous sources, $28, too.ooo.
Total, $393,000,000. Expeudltures, Civil, Foreign,
aud Miscellaneous, $00,000,000; Interior, Indians,
ann Tensions, $30,00,000; War Department $ao,ooo,
011O; Navy Department, $18,000,000; interest on the
public debt, $127,000,000. Total, $2l,0o0,000. ne;
celpts In excess of expenditures, $102,000,000. The
foregoing estimates of receipts are made npon the
assumption that the laws now In force relating to
customs and Internal revenue wljl not be so ohangnd
as to uiatersally affect the revenue, oud the esti
mates of the expenditures are based npon the ex
pectation that no extraordinary appropriations will
be made.
Oiokoi 8. BotrrwiLL,
Secretary of the Treasury,
Casuai.it. On Friday last anorse attashedto a
wagon ran away from the depot at Ohesnut lilll,
ana turew ona sialism wuv, vtuusui suit severely,
f I FOMnRWAW OWAWKO WltS AsSAn f IM lUTTMT
-One of JJanml'. di., t, l. w this mora UK arriol
brim Aid. Hmtlnr on theoliarreof oommittinc an
nd bit tor, upon Tliilip Bunnell, residu No. 10 . Tsath
Strict
Fhilip ftohanll mora I ll t Wn. 10 8- Tan til trM;l
kp Uvsrti thnra; oa lt Wedaowln, right. al ut
quarter before U o'olook, Uffioar Mrart, No. fi of th
rit,h dial riot force, and a oil lien ram into mjr place; the
ofnoer)rotaoitlilnKto driDk, and tliecitirsn tixik a ria-;
the flioar aid, "Yon itnn't know me, I nna ," I ropllKl.
"No;" hetnenaaid, "Yon are a Hlark Riirmblienn, yon
sin't one of na, jou don't bnlonr to onr orowd, an1 I'll hat
fin you bare not voted tbn Demoo-atin tir.kot forrr;"
wint out to the front door, wbnn he followed, and n
eoated me with "You are Black Republican, an I I'll
tnke fon anhow ;" he I bon bit me In the fane, and dressed
me to Tenth end Market etreete, where he aain struck
me: I waa then dnumed to Twelfth atrnet, the offloer
striking me twice aain; at Twelfth and Market atreeM I
oal led on another officer for pro'eotion, bnt did net re
eelre It, and wea finally taken It the elation houae.
The accnaed waa held In 5W bail to answer.
Officer Mead ia one of the model force, he in on of the
efflcienta, and he mch an orerljr nmelona olfloor tliat he
will enter a tavern, drink liquor, fthe Major's order t
the contrary notwithstanding;!, and aaeault and drag en
inoffensive oitizos) to the colls of aUtion bonne aimply
because he vetea the Republican ticket, and this, too, at
such sn hotirnf the night that the citiecn's friends cannot
be found to aid him. Trnly, be deeervee promotion for
suob eicellont party service,
Board ortHORVjevs. The Board of Hnrrey, held their
iimiAI eemt-montlily meeting this morning. Petitions
were received and referred, aeking for aewers on Ollow
bdl ptreot, from Heventennth to Kiguteontli; Hinth etreet,
from Thnnipeon to Jefferson : Poplar street, from Fourth
to 1 Fifth ; and Seward street, from Thirty-seventh to
Thirty ninth.
The order from the Onnrt of Quarter Sessions relative
to the change of location of Kingnly atreet on the plan of
the 131 h section, end Kingsly street and Jennntt street on
I lie plan of the 4th sect ion, Twentr brut ward, was neit
taken np
The following was offered and agreed to :
f It'mlrrd, That the Board of Surreys do not 'approve
of the alteration of the lath and 14th sections of the snr
yeys of the 1 wenty-Hrnt wsrd, an suggeeted by the Court of
Unnrtor Scsnioiib, said plsns hsvlng been approved by the
Hoard after patient bearing and mature deliberation.
The petition to change the grade of Oedar and Main
at reels, Manayunk, was referred.
(JASTKONOMit'Au Professor Blot, who scientifi
cally Illustrates the subject of gastronomy at the
Assembly Uuildlngs, Tenth and Chesnnt streets,
ever? nicrning at 1 1 o'clock, will deliver his closing
lecture on the Dth inst. Thoso persons who desire
to obtain knowledge that would benefit themselves
in particular and everybody elso- in general, should
avail themselves of the opportunity afforded by this
eminent aud pleasing gentleman.
Attfmit at IIhittwat ItonnnjtY On Saturday
evening, about half-past 6 o'clock, a young man in
tho employ of John Hums, No. 247 S. Eleventh street,
while delivering goods at Twenty-third and l'lne
streets, was attacked by two men, who knocked him
down snd tried to take his wutch, while the other
was making off with a number of parcels. Luckily a
gentleman was passing, when the thieves decamped,
dropping their booty.
Fikk Turn At-TBKNOON Shortly after 1 o'clock
this afternoon there was a slight fire at No. 148 N.
Third street. There were several occupants, among
whom were Do Young A Co., hnlr workers, and
fSatiiuel Spang, dealer in fishing-tackle, etc., who
suffer considerably from water.
in ak it ;.
Fn.C,KR-DOUOI.A8.-Onthe27thof October, by the
Kev. K. W. Audrowe, W. A. BIb(iKR,of Pliibid.ilnhia, to
Mips ANMIK M. l)OI'OLA.S, of Burlington, N. J.
R.IOHNHON- IM!MONT.-Oa Thursday evening, Dec.
a. v ttio flfv P. 8. Hcnson, HUBERT K. JOHNSTON to
JOkKPllINKI). DIJMON'i', both of this oltv.
YKAMANS-MrtMlDL-Nnrpnilwrll lit Iha Nulitnnoa
of the bride's parents. No. 1415 Kitrter street, by the
Rev. B. j. Agnnw, Mr. JOHN W. Y K, A M A NS, of Ohurleu
town, Maryland, to Miss J KNNltt K. .McUOWU of this
city.
i &:.
BACH? M AN.- Ou the 6tli liwt.-.nt. WILLIAM W.
BACHMAN, m the4'.HIh yoarof hiaage.
The relatives and friends are respectfully Invited to at
tend the funeral, from his late residence. No. S'Jfl St. John
street, on Wednesday, the Stb instant, at 10 o'clock. To
proceed to Mt. Peace Cemetery.
KKY8.-On the 4th instant, Mrs. M AKTUA J., wife of
William W. Keys.
The relatives and friends of the family are 'espeotfally
invited to attend tho funeral, on Tuesdny, the 7th instant,
at 2 o'clock P. M., from the residence of lior husband. No.
1114 Vine street. To proceed to Woodbinds Oemetory.
POTTS. On Decomher 3, lHtiH, JOHN POTTS, in the
78th year of his age.
His friends and relatives are invited to his funeral, on
Tuesday mnming, December 7, nt 1(1 o'clock, from the resi
dence of his son. in. law, John lintchinson, nt SchenuV's
Station. Cars leave Kensingtou Depot at 7SS A. M. In
terment ut Upper Dublin, Montgomery oounty. Pa. "
KCHLANKA. On the Bill instant, JOSKP1I. only aon
of John and Mary Ann Hclihmku, aged 7 years 2 inontk.i
and 2 weeks.
The relatives snd friends of the family are respectfully
invited to attend the funeral, from thn residence of bis
parents. No. 1407 S. Tenth street, below Rood, on Wednes
day afternoon, at 1 o'olook.
YKAOKK, On the 5th instaut, CiKOKOK W. YKA
OKR, in the 51st year of his age.
The relatives and friends of the family, aleo the mom
bers of the James Page library Company, are respeotfully
Invited to attend his funeral, from bis lute residenoe.
No. 1129 Shackumai'in stront, on Wednesday afternoon,
the Stb instant, at 1 o'clock. To proceed to Hanover Street
Vunlt.
MOURNING DRYCOODS.
BLACK GROS GRAIN SILKS
75. '..
'i'7r.
H'i'OO. 3'00.
ttS'tfs. !:i'.so, etc.
BESsora- st 3010',
No. 918 CHESNUT STREET,
1236t PHILAPKLPHIA.
CECOND MOUKNING DRKSS GOODS
Closing out below the cost of Importation our entire
stock of V ail and Winter Second Mourdin Poplins Mo
hairs, Alpacas, Mousselinss, Plaids, Robes, eto.
BH8SON A SON,
12 2 6t No. 918 CHKSNUT fitroet.
DRY GOODS.
SPECIAL ANNOUNCEMENT.
Sliepparfl, Van Harliiip & Arrison,
No. 1008 CHESNUT STREET,
rEILA-DELriUA,
Itespectfully announce to their friends and the
publio generally, that 'or THIKIT DAYS they will
offer their ENTIRE STOCK of CHOICE AND FINE
GOODS at Bach a reduction as will Insure a tTJICK
SALE.
SPECIAL ATTENTION Is Invited to the following
lines of goods, among which are onr NEW IMPOR
TATIONS, MANY NOVELTIES, and some of the
finest qualities made, being expressly Imported for
ttie
Holidays.
DOUKLE DAMASK TABLE CLOTHS,
IN ALL SIZES.
DOUBLE DAMASK TABLE NAPKINS,
IN ALL SIZES.
DOUBLE DAMASK TABLE LINENS,
TOWELS AND TOWELLINGS.
PARIS TAPESTRY PIANO and TABLE
COVERS.
RICH EMBROIDERED PIANO AND
TABLE COVERS.
RICH AND ELEGANT LACE CUR.
TAINS.
RICH SATIN CURTAIN MATERIALS.
BRIDAL MARSEILLES QUILTS.
EXPOSITION DO. DO.
FINE HEMSTITCHED HANDKER
CHIEFS, Together witli a large and general nlock of
WHITE GOODS,
LINEN GOODS,
HOUSEKEEPING DRY GOODS,
BLANKET4,
FLANNELS,
DOMESTIC MUSLINS,
ETC. ETO. ETC. u(m.not
WANTS.
A OENT8 WANTED FOR T1IK PARIIAM
1 new family look atitoh Hewing Machines. Call or ad
dress PAKIIAM bKWLNU MAOU1NK OOHPAJiY, No.
104 UUltaNUT Sweet. UtU
11
OF
FINE KEADY-MADE CLOTHI If G '.
Has commenced, and is now in full progress, at
OAK HALL,
Tho Largfost Clot hiiigj IIouso in Uto Oity.
We are Rapidly Selling
OVERCOATS, all styles,
For a. short time a. deduction of ICS per cent
UMtUIIl JUKI 9 Ul lilll II V
BOYS' CLOTHING, the very best made, at heavy reductions.
Twenty Per Cent. Discount on all manner of O ants' Furnishing Goods.
Pstetmined to cltwo out quickly the IMMENSE STOCK ON HAND, we shall ma'ce tl Salo a Duplicate in iTery respect of the E3
Great Executor's Sale held one year ago,
At whioh the Teople well Remember they secured the
Best Bargains in Clothing that thev have ever made in their live.
THIS IS THE STATEMENT OF THE CASE.
Anticipating, as did all Merchants, an unus ually brisk trade, we forested
EIGHT HUNDRED THOUSAND DOLLARS
la the manufacture of Clothing. Our sales havd exceeded last year's, but hare fallen short of our oaloulationa amounting to the or
sent time for Fall Trade to about r
Leaving us Four Hundred Thousand Dollars' worth of Garments. Goods of every description,
utmost care, of the very finest materials, NOT ONE DOLLAR'S WORTH OF WHICH aro
CLEAN SWEEP,
80 us to have our counters clear for the next Benson's Trade.
HOUSE OPEN FROM 1 A. M. TO P. M. AND SATURDAY NIGHTS LAYER.
Any muments bought at night, or any other time, CHEERFULLY EXCHANGED, and when not able to suit tlia customer, tha MONET
RETURNED, according to OUR CUSTOM
An extra force of snlesman in attendance, and most careful attention given to all.
WE ARE Ul.Ait THE PEOPLE APPRECIATE THE OPPORTUNITY AND ARE GETTING SUCH BARGAINS.
WE HAVE STILL AN IMMENSE STOCK.
WANA3IAKER Sc BROWN,
Onlc ITnll, tlio Lar"rcHt Olo tiling XIou.sc,
THE CORNER OF SIXTH AND MARKET STREETS.1
READ THIS NOTE IF YOU HAVE NOT TIME TO READ ANY MORE : -
Thin mIc in jwxit.ivtly io clear out $400,000 icorth of clothing, and every garment must be sold; in order to do which WE HAVE
MARKED ON the goodn SUCH FIG URES that no houne CAN APPROACH Hit low prken at which we are selling off. Tfie great tiffft
of people who have piled the store all the week can tentify to this; and a -einit will satisfy any one that in the matter of LO W PRICES te
are down no low that no other houne can ever reach us.
HO L. I DAY GOOD S. T
J. E. CALDWELL & CO.,
JEWELLERS,
No. 902 CHESNUT STREET.
HAVE IMPORTED THIS SEASON THE LaROKST
VAUIHTY OF CHOICE
WORKS OF ART IN BRONZE
EVER OFFERED FOR SALE IN THIS COUNTRY,
EMBRACING
Statuettes, Groups, Animals, and
Birds,
SELECTED AS THE BEST KROM AMONG THE
WORKS OF
EMILE HERBERT,
A. CARIER,
J. GREC.OIRE,
E. CARLIER,
ni'ZEL,
PEIFFER,
P. ,T. MENE,
DUMAIGE,
MOIGNIEZ,
PAUTROT,
K. DELABRIERKE,
COUSTOU,
E. CANA.
PILET,
DUCUOI8ELLE.
BOURET,
lll'LUi.
Cuntlclabrn, Yumcm, Curd-Standi,
IiiktstundM, and l'ancy Articles!
taeiierully.
Paris Mantel Clocks and Side Pieces,
IN BRONZE AND GILT, BRONZE AND MARBLE,
FLORENTINE. ROMAN, GOLDEN, ANTIQUE,
GREEN AND GILT, AND OXYDIZED
SILVER BRONZES,
ANY OK WHICH WILL FORM AN ENDURING
AND TASTEFUL 19 3 mwf
WEDDING AND ENGAGEMENT RINGS,
of solid 18 karat flna cold. QUALITY WAR
RANTED. A toll assortment of size always on hand.
KAKK A HKOTUKk, Ms Vers.
8 Xwfmt No. 834 OiiKHNUT Btroot. bslow Fourth.
-lyEDDINQ AND VISITING CARDS
EN GRAYED IN THE LATEST STYLE.
A very One assortment of Wallets.
UroDEe iDkHUDria, Wostanbolm'a Knives, eta.
The Improved Parlor Croquet, to be niajed on any
kind of a table, from 16-00 to 14 DO.
gcotou Good In great variety.
JOITJN LIMmD.
t IT want ISO. m SPRING GARDEN Street.
li Q 3
0TE3
off, at Prices below the
S UTS, every description,
enfxDBEDs of varieties) . PANTS and VESTS,
$400,000,
FOR YEARS TAST.
HOLIDAY,
lUlIDAL,
A CHOICE SELECTION OF NEW IMPORTA
TIONS NOW OPEN.
CLARK 1k BIDDLE,
.1EWELLEKH VIS J H 1 1 V 1 C I J IS 1 1 1 1 1 N ,
No. 1124 CHESNUT STREET, 1
iu a mlit
WEDDING INVITATIONS
KNUKAVKDIM THE NEWEST AND BUST
MANNKK. tomg DRKKAf
Btatioaer and Koirraver,
No. liW UUKSNU'f Street
CI I 1? T H.
A SPLENDID ASSORTMENT OF
ELEGANT TRIFLES,
IK
Bronze, Gilt, Wood, Leather, etc.
Ink8tand, Wrlflns' IoUs
l'ocket llookM, Card Ciimcn,
Uold lenn, IenollM, Kir.
lloxea of FIiaeMtatIoury,
WITH
INITIAL, MONOGRAM, ANIMALS, COMIC, ETC.
LOUIS DREKA,
Stationer and Card Engraver,
No. 1033 CHESNUT STREET,
llCTmwflmrp PHILADELPHIA.
THE MKNDOU8 DISPLAY
OP
OlIUOMOS AND FANCY. GOODS l-'OH
THE HOLIDAYS.
JOIIIJ IX. rJAGLE & CO.,
No. 030 AUDI I HTltEET,
UCtmrp PHILADELPHIA.
5
A IL i
Cost of Manufacturing,
- on fill cask aloa in
suitable to all classos, made up) with tb
we willing to carry over into next yew.
BIRTHDAY GIFTS,
FOUR DOORS BELOW TWELFTH STREET,
WATOHE8. JEWELRY, ETO.
C. &A.PEQUIGN0T,
MANUFACTURERS OF
WATCH CASES,.
AND DEALERS IN AMERICAN AND FOREIGN
WATCHES,
No. IS South SIXTH Street.
8 1 mwsjrp
MANUFACTORY, No. W B. FIFTH Street.
TO RENT.
ffS FOR RENT-LARGE MANSION IIOtJSE
tM and (Iroands, N. K. or. of THIRTY-NINTH sn
LOCUHT Sts., formerly belonirinf to 8. T. Altnmaa, Ksn,.
und adjoining- A.. J. lreel, Ksq. Apply to WH.ARTOIV
K. HAUK1H, No. 8MU7 Bl'KUOK Btroot. 1M 1 flf
rpO RENT KATER HALL A LAR&E AND
X commodious Room on aeoond floor (or Bails, Parties
or liiclit niauutaoturiug purposes Uood lovsiisa (or a
Tbeatr or Urst-class Armory. Applr at UuitUos. No.
UlSM SOUTH Btisot, second Hoor. li6t
FOR SALE.
FOR SALE-VERY F.LEOANV vn nw-
slrable Brown .tone He sidenoe. N- m,..
si irt, opposite Kittnoliouite ttiuu.
So fel Iront lir I toot lisep to fcao om .trwt
, a.Apv 10 IH H- RKliNKtt,
3 . 731 WALNUT ttiroet.
(
fft FOR SALE EL.GANT BROWN-8TONK
Jia residenoe. with eotr h i. No, notSurao etreek.
Ka-tuW,uJJhlre..l.lWUUii4i. UtU