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

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    THE DAILY" EVENING TELEGRAPH PHIL ADELPHIA, MOKDAf, MCEMBEPw 27, 18C9.
spirit or TIIH rHD33.
Editorial Opinion of the Loading Journals
(!inn Current Toptce Compiled Kverv
Uar lor the Kvenlii Tolcwnph.
IGNATIUS DONNELLY, EX-M. C.
from the y. Y. Tribune.
This gentleiuau hiiH favored us with a reply
to our recent notico of him much longor than
that notice. AVe cannot print it verbatim,
. Vut we will giva its substance this conspicuous
position:
1 I. Mr. Donnelly Insists that ho was not tho
bolting candidate in his district last year, but
. that his Republican opponent wan, and points
triumphantly to their vote respectively Don
nelly, 11,22!; Andrews, 8505 as proving his
insertion. We gave that vote fully and fairly
in our former article; but we do not give it
the force that he does. Mr. Donnelly was a
young man and now to the State when the
Republicans of his district took him up (in
1804) and elected him to Congress; re-electing
him in 1800. Not being a Clay nor a
Webster many Republicans thought two terms
should satisfy him; but he insisted on an
other, divided the party, and threw away the
Mat. Now a true man, we think, would have
eaid, "Since there is a considerable part of
jay Republican constituents who wish me to
Btep aside, I will do it,harmonize the district,
and save the seat." Mr. Donnelly chose the
opposite course, and threw the seat away.
We think this proves him a false, selfiuh, un
worthy man, and justifies our conviction that
he cares nothing for tho Republican party
except as it ministors to his own aggrandize
ment. II. ' Mr. Donnelly denies that the "Inde
pendent ticket," with the opposition candi
date for Governor at its head, which came so
near defeating the Republican Governor last
month, was his work, and proves it. We
were mistaken on that point, and retract our
Charge.
III. He says that he did not vote for the
protective tariff acted on by the Thirty-ninth
' Congress at its first session; that the Con
ffr&mional Olubc has wrongly recorded his
oto as for the bill; that the Journal of the
House (which we do not see) correctly re-
- cords him as voting against the bill. He
does not say that ho ever sought a correction
of tho wrong record made in the official organ
of Congress the only record of its votes that
is distributed to the people. This matter is
Bo important that we must give Mr. Don
nelly's account of it verbatim. It is as fol
lows: "A few words In refrarrj to my tariff record. You
cliarue that I voted with the protectionists while In
Congress, as a Republican from l'eunsvlvaula might
be expected to Qo. This li so far from being cor
rect that, 11 you will turn to page 3723, Part IV, Con
gresKtonal Olobe, 1st session, 'i hirty-niuth Congress,
you will find that I voted against the increase of the
duties on coal and railroad iron, and in favor of post
poning tho whole bill to the next session ; and. If you
will turn to page 996 of the Journal of the House,
you will Hud Uiatl voted against the entire bill on
Its final passairo. I stand recorded in the Globe as
voting for it ; but this is a mistake : the record in the
journal of the House is the correct one.
"It Is true that, during the war, I sustained and
defended on the stump a high tarlir, precisely aa I
' sustained draft laws, military arrests, confiscation
bills, and other measures which were deemed
essential to the preservation of the national .'ife.
Ho HHcrllice was too great If the nation demanded
. It at our hands. We are now In an era of profound
peace; the necessity which then existed lias ceased
- to exist; and the ilnanclul, commercial, and Indus
trial condition of the country rises into the first con
sequence. Is it fair to denounce a man as a 'sinuous
and slimy demagogue' for refusing to sustain as a
peace measure that which he sustained tmder tho
pressuro of necessity as a war measure? Is It fair
- to hold that, whenever a public man changes his
mind, he must necessarily be a scoundrel ? I fear
- lut few editors could stand such a test.
"Our Western country is passing through a period
- of gloom and embarrassment greater even than that
of Our produce of all kinds scarcely pays the
cost of production, while everything we purchase is
Inordinately hlirh. We feel that while we pay large
. taxes to the support of the Government (which we
do not grudge), we are also paying still larger taxes
tor tho support of a part of our fellow-citizens who
enjoy greater prosperity than we do. Out of our
poverty we are made to contribute to their abund
ance. As a Republican. I feel that the Republican
party must either set Us face against the high
tariir nroteetive doctrines advocated by your paper,
or lose lorever this great Northwest. Whatever I
iiave said, therefore, upon this subject, I have said
through an honest and sincere conviction of duty,
not only to the people, but to the party. lieliee me
,' very truly aud respeotfully yours,
"Ignatius Donnelly."
Having thus given Mr. Donnelly's own
version of this matter, we propose to compare
It with the facts:
Feb. 28. 1807 (nearly two years after the
close of the war), Mr. Stevens of Pennsylva
nia moved to suspend the rules of the House,
and take up the bill increasing the duties on
imports as it came back amended from the
Senate. The motion to suspend the rules was
defeated by GO nays to 102 yeas (not the two
thirds required to suspend the rules), but
among the 102 yeas we find the name of Don
nelly recorded. Is that also a mistake of the
official organ ?
Mr. Morrill, of Vermont, now asked leave
to introduce a joint resolve "increasing tem
porarily the duties on imports" said joint
resolve providing ( without limit of time; for
an increase of twenty per cent, (or one-fifth
the former rate) on every article imported
after ten days, except sugar, tea, coffee, salt,
and coal. To which be afterward added rail
road iron.
Objections being made, he moved a suspen
sion of the rules, which did not prevail:
I'eas, 71; nays, 95 (not two-thirds.) Again
VfQ find the name of Donnelly among the yeas
in the Olobe (page 105'.).) Is that another
error of the official organ 't
Two days before, Mr. Morrill, of Vermont,
had moved to close the debate on the general
tariff bill aforesaid, in order to bring the
House to a vote upon its passage (as the Con
gress would expire within a week). This
rvas a test quostion, and the friends and foes
" f protection toed the mark accordingly:
JTeau 70; nays 4'J Donnelly among the yeas.
Js this all wrong in the Globe? (page 151)2.)
All this, mind you, was long since the close
,)f the war; showing that his pretense that he
Yoted for high duties only as a war measure
is false an afterthought. His votes show
what he meant then; his speech last fall
Shows what he means now.
We do not care to track this man farther.
He has not seen fit to deny our former state
ment that he recently held a debate on politi
cal economy, wherein he took the side of
- protection against a Democrat who advocated
free trade. We found this statement in a
Minnesota paper. Do they blunder out that
way like the Globe ?
" But Mr. Donnelly asks if a man may not
. Lonestlv ohance his mind. Certainly he may
and his rartv too. It is not tho fact that
s Mr. Donnelly has changed, but that he re
. sorts to subterfuges, dodtres, and misstate-
xnents to conceal or misrepresent that change,
that staniDS his course as "sinuous and
Blimy." Let him say frankly, "I was a pro.
. -i tectionist; I am now a free-trader. 1 was a
Republican; I am henceforth a Demoorat,
' and we shall not trouble him. We object
anly to his making a piratical use of the
1 yolors he has deserted.
j IV. Rut there is "gloom and embarrass
ment" iu the West, says Mr. Donnelly; hence
, Vo is a free-trader. Indeed!
The Northwest is suffering because of tho
remoteness of her. markets. She is largely
grain-growing Minuosota especially so; . and
prain is now selling very low. We are buvina I
heavily of hardware, steel, railroad iron, tex
tile fabrics, wines, etc. etc., of the Old World;
we want to pay for these partly in grain; but
jMirope lias Had good narvests this year, ana
wants little grain from us, and that little at
low prices. Were we making at home the
goods we thus buy from Europe, we should
have an ample market for our grain at good
prices; but they who make so much of our
cloth don't want our bread; hence the West is
embarrassed and distressed. General Jack
son, under similar circumstances, forty
five years ago, said that tho
common-sense remedy for suoh
a state of things as Mr. Donnelly complains
of was to divert six hundred thousand of our
people from agriculture to manufactures, and
thus create a market for our agricultural sta
ples greater than is afforded by all Europe.
We believe that is the common-sense view of
the matter that the West will yet realize it.
We only ask an open field and fair play, and
with these we shall carry the West, as we
carried it in '24 under the lead of Jackson
and in '28 under that of Clay. For every
Donnelly that we lose, inquiry and disoussion
will bring to us hundreds who will by honest,
useful, productive labor, and have no sores
to heal on their political heads. We rest con
fidently on the sound instincts and true
hearts of the people.
GEORGIA RECONSTRUCTION.
Prom the A. Y. Julian.
Astonishing as the Georgia Reconstruction
bill is by itself, it becomes more so when one
reads the arguments by which it is defended.
Georgia has been already admitted to the
Union, under a solemn act of Congress, or,
in other words, under a pledge of the nation,
after having formally fulfilled all the condi
tions exacted of her by the original recon
struction acts. What the supporters of the
present bill say in support of the theory that
she is not in the Union, is, that her Senators
had not been admitted to their places in the
Senate, the majority of the Senate pronounc
ing them disqualified something which might
happen to New York to-morrow and this
is gravely given now as a reason why the
General Government may overturn the State
Government, and put the people under mar
tial law, and impose fresh conditions of re
construction. The expulsion of the negro
members of the Legislature was a great out
rage, but the constitutionality of it was very
sonsibly, on President Grant's recommenda
tion, submitted to the court of the State.
The Supreme Court has accordingly decided
that it was unconstitutional, and it now re
mains for the Legislature to abide by the
judicial decision, which it is generally be
lieved it will do when it meets in January.
But the promoters of the present measure,
apparently having a horror of the slow and
regular processes of American jurisprudence,
and being enamored of imperial ways of
settling things, refuse to wait, ond have ac
cordingly passed an act repudiating the legis
lation of last winter, over which tho country
toiled and sweated so much, breaking the pnb
licfaith, andsettingashockingexampleof con
tempt for law. The worst of it is that one of
the excuses put for ip aid in defense of this
high-handed violence is, that it is done for
the protection of negroes and loyal men
against the violence of their neighbors, as if
the way to provide for their protection was
to keep them before the eyes of their fellow
citizens as the cause of the subversion of the
State government; and as if the respect of
juries and magistrates for the law of the land
could be promoted by exhibitions of Con
gressional disregard of it; and as if, in case
the publio opinion of Georgia cannot, or
ought not, be trusted to for the protection of
Georgia citizens, we ought not at once to pro
vide permanent gendarmerie and Federal
magistrates, armed with summary processes,
instead of cheating the negro and the loyal
whites with airy nothings called a "provi
sional government," or "martial law," things
which have just enough substance to irritate,
and not enough to afford the smallest protec
tion either for life, or limb, or property. Mr.
Bingham made a strong and able protest
against the farce, but in vain.
MISMANAGEMENT OF THE NAVY.
From. the If. Y. Sun.
Congress should at once appoint a select
committee to examine into the reckless and
foolish expenditure of money which has char
acterized the administration of the Navy De
partment since the accession of General
Grant; and that the inquiries may be thorough,
it is essential that an able lawyer should be
chairman of the committee.
Under the present administration the navy
has been comparatively the most costly de
partment of the Government, the result, as
we shall show, of placing unlimited power in
the hands of Vice-Admirol Porter, when a
nominal Secretary had been provided, first in
Mr. Borie, and aftor he had been driven ont
of office by the force of publio ridicule then
in Mr. Kobeson, who is, it possible, more
completely under Porter's influence than ever
Borie was. Borie did occasionally raise his
voice in a feeble wny, though only to bo put
down. Robeson, though he is said to have
been a little resolute about the annual report,
does not even whisper remonstrance on more
enons subjects.
As evidence of the reckless extravagance
of the de jacto head of the navy, we may
mention, first, the removal of the four-bladod
screws from several steamers, and the substi
tution of the French Mangin screw, which
has proved aa utter failure. The Mosholu,
renamed the Sovern, was detainod about four
months in the Brooklyn Navy Yard to await
her new screw, and after she hnd been docked
three times it was discovered that the Mangin
screw could not be made to work. The cost
of this single job was undoubtedly over
100,000, and not less than half a million
has thus been squandered on different ships,
to their serious injury. The Mangin screws
having beon removed, plain two-bladed
screws are now put on in place of the original
four-bladed screws. As the two-bladed screws.
have the same diameters, lengths, and pitches
as the four-bladed ones, their motive power,
as every engineer knows, will be loss. But as
it was considered necessary to change some
thing, the sorews wore changed first from
four-bladed ones that were the best in uso to
Mangin screws that were comparatively worth
lets, and then back again to two-bladed ones
that are not half as good as the four-bladed if
the vessel is intended for steam propulsion
alone; though better perhaps if sails are to be
used ordinarily, and steam as only an acces
sory power.
It will scarcely be believed that this whole
subject had already been exhausted by the
British Government, which made an exten
sive and elaborate series of trials of the vari
ous screws in use, including the Mancrin
screw, with the gunboat Stork and the large
steam frigate Shannon, the results in the
British experiments being invariably in favor
of the four blades.
: After trying his "prentioo hand" on screws.
Admiral Porter's next exploit was to order the
conversion of the paddle-wheel steamers Huh
quehanna and Powhatan into screw steamers
Two worn-out, old
nearly a quarter of
wooden vessols, built
a century ago, and now
obsolete in model, are to be revamped, the
Btill excellent paddle-wheol machinery taken
out and broken up, and new screw machinery
put in 1 The cost of those alterations when
completed will not bo less than three-quarters
of a million of dollars each. The new ma
chinery alone will cost about half of that
money. Meanwhile, several Hew vessels aro
lying idle at the navy yards, for which the
machinery about to be placed in the old
paddle-wheel steamers was originally con
structed. These new vessels are among the
finest of their class ever built, and are dupli
cates of the Guernere, Contoocook, and ris-
cataqua, which have been thoroughly tested
and found to possess every desirable quality
of screw steamers of war.
The Admiral next orders the old sharp
screw steamer Niagara, built by Steers, to be
razeed and iron-clad with four and a half
inches of plating; the original machinery a
to be taken out and broken up, and the ma
chinery now in the Chattanooga to be taken
from that vessol and placed in tho Niagara.
The Niagara is of exceedingly sharp model
and small capacity, and so rotten that several
years ago a survey decided she was not 'worth
repairs, fcne bad not the strength, when new,
for an iron-clad vessel, and. of course, will
be greatly weakened by razeeing. Tho old
vessol, without armor, and with her light
machinery, drew twonty-three feet of water,
and the result of the alterations will be to
give to us an old rotten wooden hulk, with
such an enormous draught of water that she
cannot leave or enter any port in the
country, and so weak as to be in danger of
falling asunder in a moderate seaway. And
this wretched botch will be a laughing stock
for the world at a cost of not less than
S5i,ooo,ooo.
The catalogue of blunders could be greatly
extended, but the above examples will snlhce
to open the eyes of civilians to the manner in
whioh the funds of the Navv DeDartment are
squandered. When the Board of Survey bill
is passed, and Admiral Porter is thereby made
a sort of First Lord of the Admiralty, he will
undoubtedly use his power to alter, improve,
and economize on a still greater scale, and
the country will find to its sorrow that change
does not always mean improvement. .Experi
ence, science, technical knowledge, are as no
thing in comparison with the vanity of a man
who imagines he knows everything ex officio,
and who gives orders to ruin public property
as he would to set sail on a ship. Can the tax
payers stand this? Will Congress permit it?
Shall we have a First Lord of the Admiralty
at such a priced
THE TOSTAL TELEGRAPH ASTON
ISHING THE AMERICAN EAGLE.
From the S. Y. Herald.
The words of Mr. Washburn, of Wisconsin,
on the postal telegraph are apt and excellent.
They have in them a downright common
sense and a respect for facts that will not
commend them to the class of hifalutin
patriots; but they will furnish an excellent
basis for the practical legislation that is aimed
to secure the welfare of tho people, and not
to make the fortunes of jobbers. Mr. Wash
burn made those cogont statements: "I
claim to have shown that the United States is
the only enlightened nation on the globe that
has not taken charge of the telegraph system,
and nearly all have made it an appendage to
the Post (Jilice; that in the United Kingdom
of Great Britain and Ireland a despatch of
twenty words can be sent at a uniform
rate of one smiling to any part of the
kingdom, a distance of over seven hun
dred miles; from one extreme of France to
another, about six hundred miles, for one
franc, or twenty conts; all over Belgium and
Switzerland for half a franc, or ten cents;
Denmark, twelve and a half cents; Prussia,
from twelve and a half to thirty-seven and a
half cents; Sweden and Norway, any distance
for thirty cents for a message ot twenty words,
and one cent for each additional word that
message may be made to contain; from
Marseilles, in the south of France, to the north
of Scotland, a distance of fourteen hundred
miles, traversing two kingdoms and crossing
the Straits of Dover by submarine cable, for
fifty-five cents. Yet in the face of these faots
the Chairman of the Committee on Post Offices
and Post Roads has told this House and the
country, in a solemn report, that telegraphing
in this country is the cheapest and most reli
able in the world, let he could not have
failed to know that if he desired to send a
despatch of twenty words to his home in Illi
nois, and was not favored with a MJ. 11. pass,
he would have to pay $3; for a similar mes
sage to the home of the Missouri member of
that committee $4 would be charged; the
Michigan member, $2 "80; the New Jersey
member, $125; the Massachusetts member,
SI '25; the Indiana member, S2r0; the Ken
tucky member, f 2 '50; the Nevada member,
ipii '28, and the Oregon member, $luT0, or
$5 "70 more than it would cost to send a mes
sage of ten words from Washington to Con
stantinople by the Atlantic Cable and Conti
nental lines.
Now, the worst of all this is that it is true.
We are behind tho ago in the use of this great
agency of modern civilization, at the very
moment that we are pluming ourselves on our
progressive spirit and on the way in which we
are leading the nations, as we suppose. We
have hurrahed so much and se long over the
political advantages of our American system
that we have well-nigh deafened ourselves to
all monition and intimation that there may be
something else important us well as a man s
inalienable right to vote for his alderman.
Ibis is a common consequence of preocoupa
tion of the too great concentration of atten
tion upon a point that, after all, may not be
the vital poiut with regard to the happiness
of the people. The result is that while here
man is politically free he is socially the slave
of every monopoly; and in such "downtrodden
countries as J' ranee, though individuals are
politically of small account, they have a social
freedom and importance of which our people
do not dream. The use of the telegraph is
one illustration of it. Telegraphs there are
operated with a view to public convenience
here only with a view to extorting the largest
amount of money for the smallest possible
service. But it is tho same in the whole
circle of the arts of life we are behind, and
far behind, the nations over which we some
times assume an impertinent superiority be
cause of our political institutions, whioh would
be excellent if they were not rottenly corrupt
In their railroads, despite our flurry of magni
ficence in Bleeping cars; in their hotels, in
their markets, in the general administration
of justice, in the government of our cities,
the people of Western Europe have every
thing to teach us, and little but chicanery
and greedy extortion to learn from our ex
ample.
We hope the facts that Mr. Washburn has
so clearly set forth may awaken the attention
of the country to this most important subject
of bringing our telegraphic system up to the
spirit of the age; tho more espeoi ally that just
now the great monopoly, whose hold on thq
telegraph must be loosened, is manoeuvring
in the purlieus of Congress for a continuance
aud extension of its power. Iadoei, graat
care is necessary to prevent the legislation
now in progress touching Atlantic cables from
resulting in that way. Mr. Sumner's bill,
though satisfactory in its goners! spirit, in
open to tho charge of being aimed especially
at the case of the French cnblo, and whon it
becomes a law it may be found some day that
while it binds very closely tho French com
pany, yet that it is carefully worded with rela
tion to correlative legislation ,to except from
its position the other cobles. If Congre
sional action thus discriminates against the
French cable, it is because the French com
pany has not yet surrendered to the Western
L nion Company, lhe only legislation in re
gard to the telegraph that is safo is such as
apparently Mr. Washburn is ready to propose,
involving the proposition that the General
Government shall assume the control of the
telegraph under the postal power, and con
struct now -lines.
ARE THE ALABAMA CLAIMS LIKELY
TO BE SETTLED ?
from the JV. Y. Times.
we cannot arrive at any reasonable an
swer to this question without properly com
prehending the tone of publio opinion in
England. Our own position is clear enough.
We know perfectly woll what kind of settle
ment would content us as a people. But as
there is another party to the dispute, it is
necessary to nnd out in what temper the
subject is approached on that side. And we
cannot conceal from ourselves the fact that
at mis moment me English people are as
little disposed as ever they were to make that
tuu reparation wnich alone can wipe out the
recollection of the wrong done to us during
me rebellion.
We do not attach too much importance to
tho views set forth by the English press. But
at the same time we cannot deny that if all
the publio journals in the country unite in
one expression of opinion, there is a fair pre
sumption that they laithfully reflect the sen
timent of the people. If we tried to put this
sentiment into a few words, we should say
that it amounted to this: "We English have
offered to pay all the money claims on . ac
count of tho Alabama, but the apology which
is demanded from us we cannot give. When
it is answered, lhen you must take the con
sequences," the rejoinder comes back, ."We
must make the best of a very bad matter, and
stand ready to fight if need be." Of course
all this is shortsighted and foolish. But
nations have fits of sullenness and ill-temper
like individuals, and England appears to be
in one of them. She probably thinks that
w hile it would be a very simple matter to pay
the amount demanded by the owners of the
vessels burned by the Alabama, it is not so
easy to bear the reproaches which the Secre
taries of State cast upon her from time to
time.
This, at least, is the tone of all the latest
English papers. The Pall Moll Gazette de
clares that "everything that can be said" on
the subject "has been said on both sides.
and a great many times over." Consequently
it will think Secretary Fish's long despatch
worse than superfluous. The tinectator con
siders England's concession of belligerent
rights to the South an act of friendship
toward the JNortn because it prevented huu-
dreds of privateers being fitted out for South
ern use. The Saturday lieview snarls at tho
President's message, and says that tho
'reports which attributed to the President
unfriendly feelings to England appear to have
been pertectly correct. We might quote
trom every journal, and the general tone
would be found exactly the same. -
uniess, men, me ingnsn Government is
more . plaslio than the English - people, it is
still doubtful when this long-standing dispute
will be disposed of. ijord Clarendon declined
to follow Secretary Fish into the details of
the controversy. Practically he says with the
newspapers, "There has been enough talk on
both sides." The English nature is not defi
cient in obstinacy, and that quality is more
perceptible than any other at this particular
moment. Secretary Fish's despatch will not
tend to soften this feeling. If we have come
to a deadlook on the subject, we, at least,
can anord to stand by and await the issue.
England is not quite so safe in taking that
course.
WINES AND LIQUORS.
H E
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DTJUTON & LUS30IJ.
215 SOUTH FRONT STREET.
TEE ATTENTION OF THE TRADE IS
X solicited to the following very Choice Winea. eta..
815 SOUTH FRONT STREET.
OH A MP AG N KB. A cents for her Msiestr. Dad de
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1' aire's Grand Vin Eugenie, and Vm Imperial. M. Klee
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WINES.
MADEIRAS. Old Island. South Side Reserve.
bllKKRXES. F. Kudolnhe. Amontillado. Tonal. Val.
lone, t'Aie una iioiaon iter, uiovrs, etc.
FIJK'I N V inlin Veltio Ue&l. Vallel te. and Drawn.
CI.AKET8. i'romis Aine A Via.. Montfurrand and Bor
deaux, umrots ana oauierne vrinee
(JIN. 'Mnnur hwin
BRANDIES. Hennessey, Otard, Duuuy A Oo.'s various
viutaiies. 0
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A It STAIRS & McC ALL,
Noa. 136 WALNUT and SI GRANITE Streets.
Importers of
BRANDIES, WINES, GIN, OLIVE OIL, ETC.,
AND
COMMISSION MERCHANTS
For the sale of
PURE OLD RYE, WHEAT, AND BOURBON WIIIS-
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p AKSTAIRS' OLIVE OIL-AN INVOICE
of the above tor auui by
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6282p Nos. 126 WALNUT and 31 GHANITKMtg.
A Sharpen, the Appetite. :
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X Is Unadulterated.
X la superior for Mince Meat.
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C
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N. E. comer of MARKET aud WATER Streets,
Philadnlpliia.
PEALKRIN I1AUH AND BAGGING
fif asarf rirMUj-iitt inn. f t
Grain. Floor, bait. ttaper-I'tiuapUaU of Lime. Boa
1 Mint. Kto.
Large sad small GUN N V BAGS ennaUntlr on hand.
noiTON SAIL DUCK AND CANVA
J r,i all MHihara and branda. Tent. Awnlmr. Trail
aud VVwcn oovor Iluck. Alao, Paper Manufacturer'
Drier lelte, from thirty to aeveat-aiz Inches wide.
Paulina. UWUus. Ball Tv,in .t-. . ,
Vo. linnilllHOH Hnt(()tTtitare.l
ITMPIRE SLATE MANTEL WORKS. J.
12J KlNfcJ . No. gUttOUKoNUT b treat LUwtnl
FINANOIAL..
COUPONS
Union Pacific Railroad Co.,
Central Pacific Railroad Co.,
U. S. 5-203 and 1881s,
DUE JANUARY 1, 1870, BOUGHT.
GOLD 15 OUGHT.
DE HA YEN & BRO.,
DEALS KS
IN GOVERNMENT
GOLD, ETC.,
SECURITIES,
No. 40 South THIRD Street,
11
PHILADELPHIA.
FIRST MORTGAGE
SEVEN PEE CENT. GOLD BONDS
OF TUB
rredcricksburg" and Oordonsville
Railroad Co., of Virginia.
Principal and Interest Payable in Geld.
Those Boada are leonred n a rtnt and Oalr Mortrue
on the entire real estate.road. Dnraoaal nronertv. femauLiiui. I
and roll,., stock of the Cobu... ..iv.n ta lheliarm.r.
lxan ana i rust jonianT, o( IHnw xork, Trnxtone.
The road ia tfl miles in length, oonnnctin KredeHrka.
burfr with Charlottesville by way of Orange Oonrt House,
fiessina- throiwh a aectioa of the Hhenandoah Tallnr, tfae
ocal tratho of which alone will support the road, wsiile, aa
Sart of the great through lines to the Hnathweet ana West.
ie safety and security of the Company's Boada are plaoed
oeyoaa rjueauon ana anunt.
We offer a limited amount of these Bonds at Kuans'
interest from November 1 in currency.
Pamphlet, ma pa. and Information famished on applica
tion to
TAriNTJR A. CO.,
No. 49 WALL STREET, NEW YORK.
SAXVXUT1X. WORK,
No. 25 8. THIRD 8T PHILADELPHIA.
13 4 tf
J A I I I 31 J
1IO 17 M li I
OP
JAY COOKE & CO.,
Nos. 11S nnd 111 M. TKIIICO NtM
PHILADELPHIA.
Dealers In Government Securities
Old 5-208 Wanted In Exchange for'Now.
A Liberal Difference allowed. ,
Compound Interest Notes Wanted.
Interest Allowed on Deposits.
COLLECTIONS MADE. STOCKS bought and sold
on commission.
Special business accommodations reserved for
ladles.
We will receive applications for Policies of Life
Insurance In the National Life Insaranoe Company
of the United States. Full Information given at our
office, 10 1 8m
I. JAIIIIMON fc CO.,
SUCCESSORS TO
1. F. HGLLY Sc CO.,
BANKERS AND DEALEKS IN
Gold, Silver, anil Government Bonds,
AT CLOSEST MARKET RATES,
N. W. Cor. THIRD and CHESNUT Sts.
Special attention given to COMMISSION ORDERS
In New York and Philadelphia Stock Boards, eto
etc, e 8 ti2 81
n n n x i; i, & co..
No. 34 SOUTH THIRD STREET,
Amorioan and ITovelgfu
BANKERS,
ISSUE DRAFTS AND CIRCULAR LETTERS OF
Credit available on presentation In any part af
Europe.
Travellers can make all their financial arrange.
ments through as, and we will collect their Interest
and dividends without charge.
DRSXEL, WUiTOKOP Co.,'Dbeiil, Harjks A CO.,
New York. I Parts. IS1
REMOVAL.
SMITH, RANDOLPH A CO.,
BANKERS,
HAVE REMOVED TO
No. 121 SOUTH THIRD STREET,
CORNER CARTER'S ALLEY,
18 tf
Opposite Girard Bank.
JOHN 8. RU8HTON & CO.,
No. 60 SOUTH THIRD STREET.
JANUARY COUPONS WANTED.
CITY WARRANTS
10 6 8m
BOUGHT ASID SOLD.
pm 8. PETERSON & CO..
Stock and Exchange Broker,
NO. 39 SOUTH THIRD STREET,
Members of the New York and Philadelphia
and Gold Boards.
STOCKS, BONDS, Kto., boagbt and Bold on ooflf
mission only at either city 1 W
filTY WARRANTS
BOUGHT AND SOLD,
C. T. YERKES, Jr., & CO.
NO. 20 SOUTH THIRD STREET,
PUTT. A D UTiPglA
FINANOIAL..
RANKING HOUSE OP
JAY C00KE & CO.,
112 AND 114 SOUTH TIIIHI STREET.
In viovr of tti lftnro tmotirit of JANUARY IN
TERESTS and DIVIDENDS noon to lm dlHimrsea
ana rc'k new u v kntm knt, we desire to call ttis
attention of our customers to the
Fiist Mortgage 7 Per Cent. Bonds
OF TH1
LAKE SUPERIOR AND MISSISSIPPI
RAILROAD COMPANY,
One of the few securities we foci safo In recora
memllnff as pood.
The importance of the route connecting the head
of the MLssigRippl River navigation with tne hand of
I .ke Superior, and receiving the trade of the Ave
railroads centring at St. Paul, will insuro to this
road a large and profitable trade. The I -and Uraat
1,M1,X)0 acres Is In Itself an amply Bufllcient basin
for the mortgage ($4,ftoo,ooo), and all proouedsof
land sales axe applied directly to cancellation of the
DODOn.
The nartlf n In Interest embrace some of the fimt
railroad and finaaclal men r the country, and Mr.
Moorhead, of our firm, Is one of the Trustees of the
mortgage.
Tho construction of the road is progressing rapidly,
and the whole line will be completed in time for the
moving ui ins crops oi I3iU.
We recommend these bonds aa paying a much
larger interest than Government Securities, without
the rink of a high premium. We bave for sale
tHi.ooo at the original subscription prloe, 95 an
accrued Interest la currency (denominations fnoa
ami $1000 coupon). Porchasws this month have the
advantage of the gold coupon, payable at our office
on January 1 the prominm upon which la equal ta
nearly per cent., muklng the price lower thaa
many oonus oi mucn teas merit now orrcrea to the
publio.
We receive In payment Governments and other
securities at their market value, and January co-
puiia i uic uurreut gum price oi me aay. ,
lot JAI WUK.H CO.
A RELIABLE HOME INVESTMENT.
TTTT1 T7TT5 O wrAVrmnTi T)nwns
JJOA JUVAlUaUXI JUUA9
OP TO!
Wilmington and Reading Railroad,
BEARING INTEREST
At SEVEN PEE CENT. In Currency,
I'AYABLi APRIL AND OCTOBER, FREE OF
8TATS AND UNITED STATES TAXES.
This road runs thro turn a thickiv nonniatmi ami
rich agricultural and manufacturing dlstrlot.
For tne present, we are offering a limited amount
of the aoove Bonds at
85 CENTS AND INTEREST.
Tne connection of this road with the Pennsylvania
and Reading Railroads Insures it a large and remu
nerative trada. We recommend the bonds as the
cheapest flrst-class Investment In the market.
WBX. PAXXtfTXiXl 2C CO.,
BANKERS AND DEALERS IN GOVERNMENTS,
No. 36 SOUTn THIRD STREET,
4 Ml II PHILADELPHIA.
ELLIOTT & DUNN,
BANKERS,
NO. 109 SOUTH THIRD STREET,
FOTi. ADELPHIA,
DRAW BILLS OF EXCHANGE ON THE UNION
BANK OF LONDON.
DEALERS IN ALL GOVERNMENT SECURITIES,
UULD, BILLS, EtO.
Receive MONET ON DEPOSIT, allowing interest.
Execute orders for Stocks in PhiiadainhiA. Naav
York, Boston, and Baltimore. 4 ttf
Q aLEIXULXIV 1I' , 1AV1S Oc CO.,
No. 43 SOUTH THIRD STREET,
PHILADELPHIA.
GLENDINNING, DAVIS & AMORY,
No. 2 NASSAU STREET, NEW YORK.
BANKERS AND BROKERS.
Buying and selling Stocks, Bonds, and .Gold an
Commission a Specialty.
Philadelphia house connected by telegraphic with
the Stock Boards aud Gold Room of New York. Is it
FURNITURE.
RICHMOND & CO.,
FIRST-CLASS
FURNITURE WAR ERO QMS,
No. 45 SOUTH SECOND STREET,
EAST BIDK. ABOVE OURS NUT,
lUtf PUILADKLPUIA.
FURNITURE.
T. & J. A. HENKELS,
AT TOKia
NEW STORE, 1002 ARCH STREET.
Are now telling their KLKGANT f URMITURS l
Tery reduced prloea. W "n
IX UN ITU K wn.rttmvina.
No. 809 MARKET STREET.
PARLOR, DINING ROOM, and OUAMBER fUR-
NITURE, th. Lateet Htylea and beet Manufacture. Alee,
FEATHER BEDSand M ATTRK8HEH. lu
FLAVORING EXTRACTS.
vkiirjti:uui:ir
FLAVORING EXTRACTS
Are warranted equal to anj aud a.
VANIU'Ai. ORANGE,
fiNK APPLE, JJlTlilk ALMOSDS.
U1NNAMON.
Prepared at
A. lVUtWrfter'a Drug More,
No. fc North KKOOND Street -Depot
lor BAKU) Wh IND1UO BLUa, he heat artlol
maUtt fur llluoui- tlutuoa. 11 uieiiJUV