2
TEE DAILY ETEK1K0 TELEGRAPH PHILADELPHIA, MONDAY, JANUARY 10, 1870.
nTTIlTf OF "M11J PH23SS. I
P.. I
Editorial Opll" Inl1na Journal
Upon Corront Toplfw C!onllcd Kvorr
Day for the Telegraph.
DOES A FEE LICENSE COUNSEL TO
DEFEND DISHONESTY?
From (he N. Y. Time.
We are going to touoh on a very delicate
and difficult subject, but it is ono to whioh
vre can hardly help coming, after what we
have said on various occasions during the
last three or four months with regard to the
relations of the bar to the judiciary, and to
the community at largo. Moreover, tho
question which we are going to ask is one
which, we venture to say, has risen a hundred
times in the mind of every honest man who
has watchod the oourso of the Erie litigation
in our courts during the last year or two. It
is this: The defects of our judicial system
being what they arc, and the character of
judges being what it is, what is the duty of
counsel in the matter of using these defects,
and the bad character of tho idgos, in aid of
the schemes of notorious scoundrels?
To come down to particulars or, as
Lord Bacon eays, to clothe our case
in ciroumstances is it, or is it not,
the duty of leading men at our Bar to plaoe
their professional services at the disposal of
risk, Gould A Co., and, in consideration of
cash down, use all the ability they possess,
and all the advantages the admitted faults
of our law and the admitted dishonesty of
our judges give them, to help these worthies
in carrying out any attacks on the property of
other people which may suggest themselves
to thorn ? We believe it is not denied that
Fisk and Gould's dealings with the property
of the stockholders of the Erie Road has
beon in the nature of a swindle, or, at all
events, a gross breach of trust; and we
believe it is not denied that these breaches
of trust would not have been possible if our
judicial system and judges were what they
ought to b e. Ilemember, we are not now
talking about technical breach of trust, and
we hope, therefore, no lawyer will give him
self the trouble to write us a letter showing
lis that Fisk and Gould are not fraudulent
trnstees under the statute. WhaJ we mean is,
that they have, in the eyes of the commu
nity, and beyond all manner of doubt, de
stroyed or appropriated,'.or failed to preserve,
immense amounts of property belonging to
others, and committed to their care; and it is
believed, and has never . been denied, so far .
an we know, that they during this swindle
had corrupt relations with at least one Judga
on the bench, which have made hiia. their
subservient tool, and prevented him ever
denying any order for which they asked!
They occupy, in Bhort, the position of ene
mies of nearly everything the community
holds dear, poisoning its morals as well as its
jurisprudence through their career.
We know very well that the general rule is
that it is the business of the lawyer to put
the legal machinery in motion for every man
who pays him, and that it would not do in
fact, might often operate as a denial of jus
tioe for lawyers to scrutinize too closely their
client's probity. Any such practice, even if
it were possible, would often operate as a
denial of justice. We know, too, what
license some practitioners and moralists
have claimed for the advocate, both in tho
choice of his causes, and in his mannor of
conducting them. Brougham's celebrated de
finition of his duty to his client, every school
boy is familiar with; though Brougham spoke
of his duty after he had accepted the retainer.
We trust, however, that for the honor of
human nature, no bar has ever acted on any such
rule.' No body of lawyers have ever man
aged to rid themselves so completely of all
Sense of moral responsibility and intellectual
pride, as to take all causes that were brought
to them, without any regard to their merits.
Nearly every lawyer, in fact, draws the line
Somewhere, and adopts some principle of
Selection. Some will not take criminal or
divorce oases; others will not appear in cer
tain courts, and others will not appear except
in cases involving very large interests. One
of the rewards of success at the Bar, indeed,
Is the increased liberty of choice it gives the
lawyer as regards the character of his busi
cess. To a man of high character and aims,
and sensible of his obligations to his country
find to civilization, it gives a chance of oom
ing very near the popular ideal of the advo
cate, of the defender of the oppressed, the
pursuer of the wrong-doer, the very ear of
justice herself. We believe we may say,
without hesitation, t'-iat the usage of the Bar
of all civilized countries imposes on
the leading men of the profession the
duty of refusing the briefs of notori
ous rascals, or helping them in any way
tn the perpetration of moral frauds. A case
was reported the other day in the Queen's
Bench in London, in which a woman of light
character sued an attorney for not defending
an action, and letting judgment be taken
against her by default. He proved that he
rsfused to defend it for her, as she admitted
the claim, and only sought for delay, and
that her expectation that he would defend it
was excited by a mistake of his clerk. The
jury found for him without hesitation, and
the Lord Chief Justice strongly commended
him, and stated his course as that which
was incumbent on all respectable prac
titioners; and yet the standard of profes
sional morals in England is not nearly as
high among the attorneys as it is among the
barristers.
Of course, it may be said, and probably
will be said by any lawyer: "If I refuse to
accept the retainers of scoundrels, they will
go to some one else, who will accept them,
and then the result will be the same in the
end." But then keeping a brothel or any
other disreputable calling may be defended in
the same way. Home one is sure to keep as
many as there is demand for, and why
should not you? Besides, we deny that it
makes no ditl'erence who brings the cases of
rascals into court, as long as they are
brought by some one. It mokes a great deal
of difference. If they are brought by men
from the lower walks of the profession, be
cause none others will brini; them, the very
fact stamps them with moral opprobrium, and
calls the attention of the public to their real
nature, l'ublie sentiment roceives no great
injury from seeing a Tombs shyster defend
ing lottery policy dealers or mock auctioneers.
but publio sentiment would derive serious in
jury from the entrance of Mr. Evarts or Mr,
O'Oonor on that line of business.
Every time, in short, a man in any oon
Spicuous position, who is honored lor his
talents or learning or industry, leads people
to believe tLat he cares for nothing but
money in the proseoution of his calling, ho
undoubtedly weakens the popular faith in the
very existence of morality. And there is no
denying it, good men have been not a little
pained ana shocked to see that risk and
Gould have been able to find their legal
agetts among the foremost jurists in tho
. country, nd even among the members of
Henry Ward Beecher's churoh.
In .ordinary limes, we might treat their re
lations with their legal advwers as an incident
which, howeTer regretablo, poiweBsod no great
,. H, l.i; Ilt K.. limr..
IHIVUdUliO IUI UO . 1. V 1 11 IJ.H J villi"'
are not ordinary. N e are approaching in tins
State one of the grayest crmes a civilized
community has ever bail to encounter, and
gravo criRcn call for plain ("peaking. The bar,
vie repeat, is the guardian of our jurispru
dence and our judicial morals, and if it is going
to resolutely refuse the trust, and evon its
foremost men take for their motto "The
Devil take the hindmost," the people ought to
know of it in time.
THE TELEGRAPH OPERATORS' STRIKE
From the JV. Y. World. . .
Telegraph operators are commonly a more
intelligent class than so-called working-men,
yet there has been for many months among
the latter class no strike so noediess ana so
incapable to command public sympathy as
this of the former class, on thoir own show
ing, appears to be.
Xhe right of teiegrapu operators or any
other wage-reoeivers to combino to resist a
reduction of wages, or to obtain an increase
of wages, we do not dispute, but, on tno con
trary, would uphold, if it were powerfully
disputed. This right, however, is not to be
dissociated from their duty not to inflict such
evil upon themselves and inconvenience upon
the public as they are now inflicting, without
sufficient and certain cause. It cannot have
been the duty of the operators' organization
to order a strike before every reasonable at
tempt was made to effect with their employ
ers a fair conciliation of differences. It can
never be the duty of that or any other simi
lar organization to claim, as they impliedly
claim, exclusive power to settle the amount
of wages they wifl receive. That is as palpa
bly unjust a claim as if the Western Union
Company should claim exclusive power to
settle the amount of work they will receive
or wages they will pay.
Wage-receivers in this country will never
advance themselves to the position of
strength and publio respect which they
should deserve and receive until they can
learn to consider themselves as but one of two
parties to a bargain entitled, indeed, to an
equal voice which only the power to combine
and to strike work if need be can render
audible to narrow-minded and avaricious em
ployers, but not entitled to more than an
equal voice, not entitled to an exclusive
voice. The workingmen of Great Britain un
derstand their interests better. Strikes are
there growing more infrequent every year;
courts of conciliation or arbitrament are mul
tiplying. On tho state of facts disclosed by the ope
rators for themselves, and by the company
for itself, publio sympathy, which is reason
ing and dosires to be just, will go with the
company. The officers of the company
scarcely claim what they are entitled to claim
a right to have half a voico on the question of
wages and work. They claim the right to an
exclusive voice on the question of how many
men in this'omce, how few men in that, a
thrifty conduct of their business enjoins them
to employ. Under the limitation sucgested,
that the relation of wages to work where they
have but half a voice remains unaltered, this
exclusive right cannot be denied them by
operators or anybody else. It is needful to
the good management of their business is
an essentially cardinal part of it. It is the
hinge of profit or loss. As towards wage-
receivers, it may be regarded as analogous to
the rigit maintained by them of withdraw
ing many men from work, under tho con
straint of organization, who would prefer in
their own private interest to continue work
at wages repudiated by the striking autho
rity. One result of this telegraph strike is likely
enough to be renewed impulsion given to the
invention of labor-saving instruments, en
abling telegraph companies to dispense with
a good many brigades in their present army
of operators. It is claimed, indeed, that such
an instrument has been invented by Mr.
Little, and that it will be put in operation
over the wires of the National Telegraph
Company when thoe wires got themselves
built.
Mr. Little's invention is now attracting
considerable attention from experts in tele
graphy, and the philosophy of it is worth
stating briefly. Intelligence is sent over tele
graph wires by a continuous eleotrio current
broken at longer or shorter intervals, the
breaks, too, varying in length. These breaks
and these intervals between the breaks made
at the transmitting end, or heard or recorded
at the receiving end, constitute a sign lan
guage, easily translated from dots and dashes
into letters and words. The present limits
upon the speed of transmitting this sign lan
guage are two. The human hand cannot
make more of the needful muscular contrac
tions in an hour than those required of an
operator in sending say 1000 words. At
the receiving end the capacity of the
ear' to discriminate sounds from silence,
and sounds of varying length from each
other, may pass the muscular limit of
the hand, but certainly it has a limit of
its own. Little's invention undertakes the
extension of both limits. He breaks the cur
rent ten times faster than figures can push
and withdraw. He records those breaks, in
all their variety of interval aud
faster than the ear can hear. It
a continuous hum at either end.
of length,
hears only
The breaks
are made by passing properly
perforated
paper, itsolf non-conducting, through the
courne of the current. They are recorded on
properly sensitized paper in whioh the chemi
cals are decomposed by the electrio current
and leave a stain corresponding to every per
foration in the paper-ribbon at the transmit
ting station, and, of course, are as easily read,
An essential part ol the invention is the per
forating machine, which, since it can work
not much faster than a Morso operator, must
be reduplicated and each manned by a sepa
rate operator to keen even one wire busy
The saving is expected to be in the cost of
the less skilled labor required for the perfora
tors and the fewor wires required to carry a
given amount ot business.
SHALL WE FUND OUR DEBT IN AN
AMERICAN CONSOL?
From the . Y. Tribune.
Great Britain owes four thousand millions
of dollars; the United States but twenty-five
hundred millions. The annual interest on
the British debt is $ 120,000,000; on ours, very
nearly the same. In other words, we are pay
ing as much interost on the two thousand
millions of our debt that bear interest as
Great Britain pays on double the amount.
Ought we to let this mortifying contrast
continue indefinitely without making an
enorgetio effort to efface it ?
- We cannot plead that those who contracted
the debt placed it beyond our present reach,
On the contrary, they, though struggling
desperately or the life of the republic, and
spending millions per day in a most exhaust
ing civil war, foresaw that pouoo would soon
enable us to borrow at far lower rates than
were then attainable. So, when they borrowed
at 7 8-10 per cent., they borrowed for throe
years only, aud whon they borrowed at six
per cent, they borrowed for no inore than
live years, though with a stipulation that
they nulit pay at any time thereafter within
the next fifteen years. The bulk of our debt
now exists in the form of these "iWo-twon-ties."
drawing six per cent, interest. A much
Rmaller amount consists of "ten-forties,"
drawing five percent. The "flvo-twenties
are all now within the uovcrnnient s reaou,
having been issued more than (Wo ye:rs ago;
the "teu-rorlies become so in 172 or lSi.i.
Wo say that we ought to begin forthwith
the funding of the five-twenties in a oonsol or
long bond, payable specifically in coin, exempt
from taxation, and (partly in consoqnence)
drawing an interest of but 4 to 4 per cent.
We insist that, with good management and a
good income, one thousand millions of
our present debt may soon bo funded
in such a consol; saving to the Trea
sury fifteen to twenty millions of interest per
annum.
As we havo already statod, the vital condi
tion precedent of such a conversion is present
financial strength. If we are too poor to
pay our debt if we weuld, we cannot borrow
at low interest the means wherewith tor re
deem our bonds now drawing a rate too high
for a thoroughly solvent nation, too low for
one that is insolvent. If we are too dishonest
to pay if we could, we can hardly borrow at
all. In order to fund our debt in the pro
posed consol, we must convince tho capital
ists of either hemisphere that we can and will
pay to the uttermost farthing. And the best
way to convince them of this is to keep pay
ing. All this wo have urged again and again for
years. We urged it when the policy of pay
ing was nowise complicated with other ques
tions. We urged it before there was any
President Grant or Secretary Boutwell,
though we are very glad that there are now a
President and Finance Minister who also
commend the policy of proving our national
solvency by paving. We have quoted the
President's late message and tho Secretary's
simultaneous report, not at all as authority, but
because their positions conurmoa our own,
and the considerations whereby thoy were
maintained seemed to us' irresistible
The N. Y. Times tells its readcis that
"Funding the debt at a lower rate of Interest la an
operation for the future. It is Impracticable now.
With our six Der cents below pur. It were folly to
think seriously of floating a four per cent, security
at that rate."
How much below par aro our six per
cents.? And how much have they appreciated
within the ten months of General Grant's
administration? They certainly have risen
mere than half-wav to par within that brief
term, during which we have paid off some
eighty millions of our dobt. Who doubts
that thoy will be above par at the closo of ten
months more of the same sort? Why not keep
the road that we have thus Lr traveled so sue
cessfullv?
"But how will that enable us to fund at
four per cent?''
Possibly, not at all. But let it bo settled
and understood that nevor, never shall we
stop paying till our debt is wiped out,
and every one will know that our Consols
must steadily appreciate.' And, while a six
per cent, that the Treasury may call in to
morrow or next year may rango very little
above par, a 4 or 4 J that has thirty years to
run, and which is certain to grow scarcer with
the lapse of each year, may command a higher
price. All depends on our ability, reinforced
by our determination to get out of debt.
The adversaries of the paying and funding
policy face a dozen ways at once. They clamor
or resumption and against resumption; they
would have the cart before the horse, or the
horse riding in the car any or every thing
that is impracticable or irrelevant. We must
re.sume before we fund; but wo must neither
resume nor fund for several years yet. Gov
ernor Hoffman's message is a fair sample of
their captious querulousness and determina
tion to find fault any how. His assertion
that the greenbacks are payable on demand is
a fair specimen of their missiles.
Now we want specie payment resumed,
and the national debt funded in a consol
bearing a low interest each of them so soon
as may be and we do not desire that either
be postponed to the other. Let us resolve to
pay ten millions per month of the principal
of our debt, and keep doing it, and both re
sumption and funding will come about as
naturally as March suns and rains insure ie
disappearance of winter snows, ltesump
Hon and funding are twins, and cannot be
made antagonists. Hasten thoir welcome
humph !
FISH MAKING FIGHT.
From the X Y. Sun,
The Hon. Hamilton Fish is making fight
n a new direotion against the republicans of
uuba. lie published recently in the Herald,
witn uu tne antnonty ot ms great name as a
statesman, a positive declaration that the
Cuban revolution is all over, and that there
are now no republicans in the whole island
except a few bands of robbers who lurk in
the mountains, and who must goon sur
render to Mr. Fish's friends the Spaniards, or
else perish of starvation. The revolution
having been thus suppressed by Spanish arms.
Mr. Fish announces that he is going to buy
tho island, and annex it to the united Mates.
We have often heard this tale before; and
now it is nothing but an attempt on the part
of Mr. Sidney Webster and Mr. Iish to
humbug the American poople, and escape
from the disagreeable complication in which
they aro personally involved. This one, the
son-in-law, is counsel for the Spanish Govern
ment; the other, the father-in-law, is Secre
tary of State. The luwyer would naturally
like to make money out of commissions on
the purchase of Cuba; the Secretary of State
wibhes to keep an elovated oftice for which he
is utterly unlit, ho that he can continue to be
a great man contrary to the decree of
nature. Between them they got up this story
of the failure of the revolution, aud this pro
ject oi buying the island.
As for the revolution having broken down,
that is something we have heard of betore.
General Dulce uned to report it more than a
year ago; De Rodas has never ceased to send
telegrams to Madrid to the same purport; ana
Mr. Fish has told it on every occasion for
these three months on what ridiculous
authority his recent communication to Con
gress demonstrates. Nevertheless the re
publicans have steadily gained strength in
Cuba, and the Spanish forces have required
constant reinforcements to save them from
the necessity of abandoning the island. And
the falsehood is just as false when published
now by Hamilton Fish as when published by
a Spanish Captain-General at Havana during
every month of the voar.
The purchase of Cuba might havo been
practicable a year ago, and we are not certain
that it may not still be practicable. Every
day that it is delayed diminishes the value of
the island; and if it is put oil much longer,
we shall not be likely to pay very extrava
gantly for the property. As it is, the best
thing in Cuba is the Cuban people, a brave,
detei mined, steady set of men, resolved never
to submit to the despotism of Mr. Webster's
Spanish clients and Mr. - Fish's Spanish
friends. For these people we shall not neod
to give a great deal of money. They aro
Americans born, and will naturally gravitate
to the Americau republio without money and
without price. Mr. Fish will not noed to Vuy
them, and they will uot de.iire any more inti
mate relatiou with him than that of an
enemy. All that is Spanish they hate by a
natural instinct, and Mr. Fish thoy justly re
gard as Spnnish.
It is vain for the Secretarv of Sl-ato to
trump up these Spanish falso reports for the
I'UHiponement oi liis doom, lie is in otlliie
not because he is fit for it, but because ho
gavo presents to General Grant; his oftl rial
conduct has covered tho administration and
tho country with inextinguishable shame, and
no quantity of Spanish canards can sullice to
keep him in office much longer. Tho Ameri
can people do not require any Sprmisb. law
yers or spauisn lathcrs-in-law to administer
their affairs.
THE-BURDEN OF TAXATION.
l'rnm the ". Y. Albion.
Contraction, whether in personal or national
expenditure, is not a pleasant process; it is so
much easier to expand to trim our sails to
me lavormg winds of prosperity than to
take in canvas and make all taut against an
impenuing storm. Ana sun, unpleasant as
tho task is, it is precisely what tho Amorican
people are now called upon to submit to.
During the war, when gold, the standard of
values, was rising in premium with rapidity,
the opposite sensation was afforded. Mer
chants with heavy stocks of merchan
dise were constantly and agreeably
employed in "marking up"' goods for which
they found a quick sale, as people were
anxious to exchange a depreciating currency
for something possessing intrinsio value.
This was the era of sudden wealth, when
families with settled incomes derived from
real estate, or other sources, found the pur
chasing power of their money suddenly cur
tailed, but when nearly all those in business
found the amount of their receipts largely in
excess of any depreciation in the intrinsic
value of the circulating medium. This con
dition of things lasted until the close of ktio
war, when the issue of paper money and the
immense expenditures of the Government
suddenly ceased.
Irom that period until the present tho
tendency of monetary affairs has been towards
contraction, and fortunate is it for the com
merce of the country that tho process was
not more sudden or violent than it has been
Gold is now only about twenty per cent
above par, and this decline in the premium
from 'JdO, the highest point reached since the
suspension of specie payments, has been
accompanied by comparatively little derange
ment of the interests ot tho business com
munity. That commerce is. to a certain ex'
tent, prostrated and industry paralyzed is a
fact, but it may bo accounted for by the
operation of other causes than the contrac
tion of the currency. The nation is saddled
with an enormous weight ot taxation a
weight which would tell terribly upon
its energies in the most prosperous
times, and w hich is made none the lighter by
the fact that the country is passing through a
financial crisis with respect to its circulating
medium. Taking both these depressing in
fluences into consideration, it is matter for
astonishment not that trade is at a stand
still, but that there are so few complaints and
so little real distress. There does not seem
to be much actual want among tho laboring
classes, and although a general dullness pre
vails, it is evident that matters are not yet at
their worst, ihey are bad enough, however,
and it should be the duty of the political eco
nomist and statesman to inquire as to the
proper steps to be taken to alleviate the
situation.
SPECIAL NOTICES.
OFFICE OF THE DIAMOND COAL
f t . i n i k' , r t . ihn ur i r viim m. i
KOT1CH. The annual election for Seven Directors to
servo for the ensuing ear will be hold at the ortice on
WEDNESDAY, January 12, between toe hours of 12 and
if. jn. d. rnvit.,
1 4 Jt . President.
tgy- OFFICE OF THE CITY TREASURER,
Pbiladki.phia, Deo. 23, li9. Warrants registered
to No. W.tXD will be paid on presentation at this office, In
terest ceasing from date.
llU3. I. MA.HlyJl.K,
J223 City Treasurer.
OFFICE OF THE UNITED SECURITY
I.1FK INSURANCE AND TRUST COMPANY
OF PENNSYLVANIA, 8. K. corner FIFTH and CHKS-
A V I mreots.
The Annual Flection for Diiectors of this Gomnanv will
KHlLADELrHIA. UOO. 31. I8).
De ueiu at tunir umce on WftUiiKSUAI, January u,
in.", at no oiock a. at.
1 1 nit u. f . pp. 11 a, peeretary.
figy- OFFICE OF THE BELVIDERE MANU-
Hki.vidkhe. N. J.. Dee. 8. WS.
Notice is hereby given to the stockholders of the BEL.
VIDKKK MANUFACTURING COMPANY respectively,
that aaessment8 amounting to SIXTY PER CENTUM
of the capital stock of said company have been made and
payment of tne same called for on or before toe eigbtii
day or February, A. u. 1870, and ti
nrooortion of all sums of money I
called for and demanded from them on or before the said
time.
Hv order of tha Board of Dlreotora.
12 28 pw 8. bltKltRKRD. Secretary.
BwS- OFFICE OF THE HE8TONVILLE,
MANTUA, AND FAIRMOUNT PASSENGER
RAILWAY COMPANY.
Philadelphia, Dec. 27, 1869.
NOTIOR TO STOCKHOLDERS.
Tba Annual Meeting of the Stockholders of this Com
pany will be hold at their Office, No. -jfr2 CALLOWHILL
Street, on M WNDA Y. January 10. i870. at 2 o'clock P. M-.
An Election for a President and Five Directors to serve
tor enbuing year will be held at the samo place and on the
same oay. between lue uours oi a ana o cim-a r in.
IS 28 14t CHAS. P. HASTINGS, Treasurer.
ms-v- OFFICE. OF THE PHILADELPHIA
CITY PASSENGER RAILWAY COMPANY, No.
4130 CHKSNLT Street.
Phii.adrt.phia. January 8. 1870.
At a meeting of the Board of Direu'ora held tins day, a
Dividend of ONE. DOLLAR and FIFTY CENTS pnr
share was declared, free of all taxes, puyahlo to tho Stock
holders, or their legal representative", on and uftor tho
l:ltli inHt. Tianafttr Books closed until loth mat.
l!U2t W. W. COLKKT, Treasurer.
itf- OFFICE OK THE CiREEN AND COATES
STREETS PHILADELPHIA PASSENGER
RAILWAY COMPANY, TWENTY FOURTH and
COATKS STRKKT g. ,
Philadelphia. Deo. 27. W.
The Annual Meoting of the Stockholders at this Com
panr will be held at the Office of the Company, on MON
DAY. January 10, 1K70, at 10 o'clock A. M., at which tmut
and place an Election will be bold tor a President aud
twflvA DirMciitrs. tm airva for the enMiinu year.
12 27 2 31 J 3 It 7 8 lu J H. M O F IT I T, Secretary.
By OFFICE OF UNION MUTUAL IX-
SURANOK COMPANY, N. K. Corner THIRD
and WALNUT Streets.
Philadelphia. Jan. U. 1870.
Thn Directors of the Union Mutual limurauux Comoanv
of Philadelphia have this date declared a dividend of
blX PER CENT, ou the stock and outitdtuliiikt scrip,
poyalile, free of United states ami Mate tax, on oam.iuJ.
j o 01 doun .uoorv nonrotary.
Ei v- OFFICE UNION l'ASSKNT.EIt RAIL
WAY COMPANY, TWENTY-THIRD und
BROWN htioets.
Philadki.phia. January 3. 1870.
The Board of Directors have thi day dunHiod a divi
dend of ON K DO 1. 1. A HAND FIFTY CENTS par share,
clear ot taxes, payable at this office on and after .Monday,
the lut li lusiant, until which time the tr.uiK'or h nk will
t .1 , VjL' II U' I.' A N I l.'
ue cioeu. vi. tvi-i
1 6 tit Treasurer.
tt(.7f NEW YORK AND MIDDLE COAL
FIELD RAILROAD AND COAL COMPANY-
CUice, No. 22o WALNUT btr..et.
PHiLAiiKl.i iilA. December 27. l8i.1.
The Annual Moetirg of the Stofkholdora of this Com.
pi n.v, and an H lm lion uf Director Hi nerve for tbe onmim
ei r, will he held ut their Ottice on I li i-.ia , tlitf lllu
ila of January, A. D. 18.0, at 1? '? v
U "a Ut C. R. LINDSAY, Secretary.
rwj- SHAMOKIN COAL COMPANY,
- Office No. 2-o WALN T i Street. ,,.,
Philahkli-hia, Dec. 81. 18if).
IMnetinflrnf tbe Stockholders of the above.
named Company, and an electiou of Directors to serve lor
wiling yt-sr, will bold at their Otliceon WEDNESDAY,
ti e litu day of Jauuary, A. l. i.. ai rj o oioca
12 iHt O. It. LINDSAY, Sucrctary.
if QUEEN FIRE INSURANCE COMPANY,
w 1jO"DON AND LIVERPOOL.
UArl I ali, tl.ll..
KAU1NK. A I JIN DUI.I.KS. Axents.
M Uti'U aud WALNUT Sireots.
SPECIAL. NOTIOES.
OFFICE OF WELLS, FAROO cfc COM
PANY, No. l BROADWAY, NEW YORK. De
rrmbtr 2, IWHI. Notico U horcby given, that the Tran.f'ir
ll k. of Wolls, Fargo A Company will lie CLOSED on
thotythday of JANUARY, 1H7U, at o'clock P.M. to
enable tbo Omrany to ascertain who aro oncn of the
stork of I lio old Ten Million Capital. 1 be ownnrs ot that
stock will be enilld to participate in t distribution
of aairta piovidod for bjr the agreement with the
Paciflo ExprtasCompany.
Tho Tranafor Hooka will be opened on the 22tldyof
JANUARY, at lit o'clock A. M , after which time the
fS,(XX),0in new stock will be delivered.
Notice la also given that the Transfer Books of thi Oom-
wany will boCLOKRD on the 25th day ot JANUARY,
1870, at 8 o'clock 1. M.,for the purpose of holding the
annual ELECTION OK DIKFCTOK8 of this Company.
The bocks will be HFOPENED on tho Ttbdayof l'Kti-
RUAKY, at 10 o'olock A. M.
U8UF7 UKORCIK K. OTIS, Secretary.
gvp OFFICE OF THE BUAKD OF LUKKU-
TOKS Ur THK AMK.KIU4N MKKUIIanl'S'
UNION KXPKK88 COMPANY, No. 113 HKOAUWAY,
NKW YORK, NoTemberJP,
The Hoard of Directors of the American Merchants'
Union Kipreas Company hare this day declared a diridead
ef THRKK DOLLARS (3) per share on the outntaadin
capital stook of the Company, payable on the luth day of
Jannaiy mxt.
1 bo transfer books will he closed on the 31st day or De
cember neit, at 3 o'clock P. M., and reopened at lu o'clock
A. M. on the liith day of January next.
Ry order of the Board.
13 81 16t J. N. KNAPP, Sccrotsry.
EST" OFFICE OF L'tS l UAL I'AUlt IV HAlLr-
ROAD OF CALIFORNIA, No. M WILLIAM
BTRKKT, NKW YORK, December 17, 18ii.-The SIX
FKR CKNT. interest eoupbns of first mortgags bonds
of the Central Pacido Railroad of California, due Janu
ary 1, 187(1, will bo paid at the hanking house of Fisk A
Hatch, No. S NASSAU Street, New York.
12 31 lit O. P. HUNTINGTON, Vios President.
OFFICE OF THE HOUSTON AND
TF.A AS CENTRAL RAILWAY COMPANY, No.
63 WALL STRKF.T. NF.W YORK, Doo. 87, lsoP.-Tbe
Coupons of the Mortgago Bonds of this Company, due
Jan. 1, 1870, will be paid in gold coin on and aftor that
date, at the National City Rank, New York.
12 31 lut D. H. PAIOK, Vice-Prosidont.
jjiJ- OFFICE OF CENTKAL PACIFIC KAIL-
ROAD OF CALIFORNIA, No. 54 WILLIAM
STRKF.T, NKW YORK, Dec. 17, I8S.-Tlis 8een For
Cent. Interest Coupons (Bonds of lH8i) due Jan. 1, 1870,
will be paid at tho banking house of Kugene Kelly It Co.,
No. 21 Nassau street, New York.
12 31 12t C. P. HUNTINGTON, Vioo President.
OFFICE OF CALIFORNIA AND ORE
GON RAILROAD, No. M WILLIAM STRKKT,
NEW YORK, Doo. 17. The Six Por Cent. Interest Oou
pons of Fimt Mortgago Bonds of the California and
Oregon Railroad, due Jan. 1, 1870, will be paid at the
Banking House of lisk & Hatch, No. S Nassau street
New York. C. P. HUNTINGTON,
12 31 I.St Vice President.
mSS" PHILADELPHIA AND READING RAIL
ROAD CO., Office, No. 527 8. FOUR fit Street.
PHlUDKIil'llIA, Doo. 22, I8t.
D1VIDKND NOT1CK.
The Transfer Rooks of the Company will be closed on
rRlDAY, the 31st instant, and raoponed on TUESDAY
January 11, 1870.
A dWidend of FIVE PER CENT, has been declared on
the Treforred and Common Stock, clour of Nation il an 1
State taxes, payable in CASH, on and after January 17,
187(1, to the holders thereof as they shall stand registered
on the books of the Company on the 31st instant. All
payabUnt this office. All orders for dividond must be
witnessed and stumped. 8. BRADFORD,
12 22 tiUt Treasurer.
EAST MAHANOY RAILROAD COM-
n.. diai H' . iu,o L'mi DrliU Ui i
PHir.ADKM-HiA. Deo. 22. IRiW.
Notice Is hereby siren to the Stockaojders of tbis Com'
pany that a Dividend of Tbree (3) pur Cent., free of.SUte
taxes, has this daj been doolared, pnablo in cash on the
lot n nay oi January, ioiu. nuuaau wr,,
14 3 'Ait. i reasurer.
r2T SUSQUEHANNA CANAL COJU'ANY,
VIUUV Ill IIAU11U L DUDOh
Philadelphia. Deoember 3D. 18ffi.
Notice is horebv fiven that tho snni-annual interont on
the Preferred Bonds of the SUSQUEHANNA CANAL
COMPANY ann tne rnonty Bonus oi tue i lUKvv atkk
CANAL COMPANY, fulling due on the 1st of January,
18711. will be paid at toe offices of tbe Company in 1'mladel-
phia and Baltimore, on and after the 3d proximo, on pre-
sentativn oi tne coupons tuorenr, numoereo n.
ttUKUKl U. Uliumii
12 3t 2w Treasurer.
SUSQUEHANNA CANAL COMPANY,
jiuco no. hi naiiui oireBfc.
Philadki.i hia. December 30. 1809.
Notice is hereby eHven tb&t tbe semi-annual interost on
the Common Bonds of the SUSQUEHANNA CANAL
COMPANY, falling due on the 1st of January, 1870, will
be naid on and alter the 3d nroximo. at the First National
Bank of Philadelphia, on presentation of the ooupons fur
tne same, numbered M.
12 312 Treasurer.
BtfW THE ANNUAL, MEETING OF THE
KtrrthnlrW.of thn THIRTEENTH AND FIF
TUFNTH STREETS PASSENGER RAILWAY COM
PAN Y will he held at the 8. K. oorner of BROAD and
CARPENTER Streets (entrance on Carpenter street), on
MONDAY, the loth day of January. 1870. at 10 o'clock A.
AI., for tne olection of a rresiaum ana nve isireotors to
serve for the ensuing year, and for the transaction of suoh
otner business as may De preseniea. ,
1. tsuxrilt ISrtuvrn. nccretary.
rhiladelphla. Dee. 23, 18). 12 24 88 J I loot
xWW THE ANNUAL. MEETING OF TUB
VI 1 -1.1 .1 1 a 11.- Ul'll M I 'tl T,l . Xirill 12 A T 1
ROAD COMPANY will be he Id at the office of the
lOCJllluiuem Uf tag iiuiuiiui jvn.A,vj,
PENNSYLVANIA CENTRAL RAILROAD COM-
PA NY in Fhiladttlohia. Fa., on the 17ID day or January,
1870, at 1 o'clock P. M., to eleot Directors for the ensuing
year, and transact such ether businetts as may he pre
sented. WllililAM. a- iuvilb,
12 28 17t oeorotary.
CAMBRIA IRON COMPANY. THE
CAMHKIA IRON COMPANY will be held at the r
flUUUOl DIODUMR VI V11U . ' I lV, II 11.11 1 1 9 V, uw
Office, No. 11 CHESNUT Street, Philadelphia, ou TUKS
DAY. tba 18th day of January next, at 4 o'clock P.M.,
when an election will be held for Seven Directors, to
serve for tbe ensuing year. .
dOtlfl 1. rvillir.,
Secretary,
J'hiladelphia, Deo. lq, 1669. "ii2
Vf NOTl UK IS UH.Kl.Ui: UlVxtiM 111A1 AJN
' ii .. . : it i . ,i , I. HAV, .aan nf
PpilCAlli'll Will U, IIMIID l1 U u. Wl.
legislature ot fennsyivauia lor mo iiiuorptiruiiou ui
Hunk in ki'iuirilMncA with tho laws of the Coinmouwealtti,
to be entitled "1 HE BANK. OF AMERICA," to be
located at Philadelphia, with a capital of live hundred
thoinan d dollars, with a right to increase the same to two
millions of dollars. oou wtu iu
fjiy NOTICE IS HEREBY U1VE.N THAI
in application will ho made at tho next meeting of
tuo Legislature ot 1'eunsyivania lor mo incorporation oi i
, . ... I. r. -.1- ,L.nl r .1... t Ill,
I,, l, ei.iit.lod THE BUTCHERS' AND DROVERS'
1MI1K. Ill Ill'Clirillllll'U Willi HIM iiin B "I IIIU .HHIIHI'iuhpiiiuii
BANK, to bo located at Philadelphia, with a capital of
two li li ml reel anil uuy tnoiisanu dollars, wuu a rigui, 10
urn cum) the sauio to a million oi cioiitun. e 't o w
1 NOTICE 18 HEREBY lilVEiN THAT AX
I rglRIIUUrO OI rellllivan'a lor lll incorporation ui n
Km k iii Mcfni-diuicM with the laws of the Commonwealth,
to l.e entitled THE FRANKLIN BANK, to bo located at
ittiit,,i..liiin. with a riinitnl stjick of tivu hundred thousand
dolluis, with ariiiht to increase the same to million of
noliara. eaowm
NOTICE IS HEREBY GIVEN THAT
an application will be made at the next meeting of
the l.enulutuie ot t'oniipyivania lor tne incorporation oi a
Jiank, in accordance witn Ilie laws or ine uoininouwoiui.
to l, untitled "THE MARKET BANK." to be loci ted
at Philadelphia, with a capital stock of one bun Ired
thoUMsnd dollars, wun a nttnt to increase too sume to
five hundred thousand dollars. 6 30 wtj 10
THE 1'AlvllA.M ai'.V DA.VULl CUW
tnu Machinta are manufactured at Nos. 221 and 'iii
S. Flb'l H Mreet, und for iale on terms to suit nil. t the
BAlchnxm, No. 7ul CHESNUT Street. 1 4 6t
ctS- COLD WEATHER DOES NOT UllAr
CONA'I I D ULYCKRINK TABLET' OF SOLIDIFIED
CLYCEIUNK. Its ilnilv use makes the skin delicately
suit and beautiful. Sold b all druKnists. ,,
li. a o. a. vriiurii,
1 4 No. ojj CHESNUT Street.
aSS- COLTON DENTAL. ASSOCIATION
uripiiTicu vue fUTBiuui lu una ui
M l RHUS 11X1111,:. (lit I.AIIOHINO GAS.
And devote their whole time and praoiice to sxtractlnf
twin nil nont pain.
ottice. h M,ii i n sod vv a lijv ut o I reels.
lis;
mSf" LW. F. K. THOMAS, THU- t.All!i uin
ratorof theColton Dental Association, is now the
onjoneinl'biladHlphiawho duvotua his entire time and
practice to extract inn teeth, absolutely without pain, by
fresh nitiuus oiido kss. OtBce. nil WALNUT St. 126
nflf EVERY ONE SHOULD CALL AND
examine the Psrham Sewing Machine boforo pur
chasing, No. 'M CHESNUT Street. 1 4 (it
fy BATCHEI.Olt'S HAIR DYE T1II8
splendid Hair Dye is the best in tba world ; the enly
trne aud perioot Dye; harmless, reliable, instantaneous; no
dinapiHiiuttueut; no ridiculous tints; remedies the ill
tf cols of bad dyes: invigorates and I naves the Hair soft
and beeutilui, fcluc ur bioum. Sold by all Drui.'ists and
Perfumers: and properly applied at Ualoheior's Vi l ao.
toiy, No. Id UOND Street, Now York. 4 Imwt
GOODS FOR THE LADIES.
TRIDAL, mRTHDAY, AND UOLIDAY
rilUSENTS.
Vn JZSon Alarclio.
The One Dollar Department oontalns a large aaaorttnint
of 1' INK KuKNUH UOODS, embracing
DKSK8, WORK, OI.OVK, IIANDKRROHIF.F, AND
DRKHSING IiOXKS. in great rariety.
DOLLS, MKOUANIOAL TOYS, and TRKR TitIM-.
MINUS.
BILK FANS. LK ATI! KR BAGS, POORKT BOOKS I '
CHINA VASBS and ORNAMK.NT8. JKWELRY, RTd
From fill -OO to ftSO'OO.
Call and examine our Paris floods.
Party aud Krening Presses made and trimmed from
Fnnch and Kngliah fashion platen.
Fancy Costumes for Masquerades, Balls, eta., mads t
order in forty-eight hours' notice, at
MRS. 171. A, DINDER'8
LAD IKS' DRESS TRIMMINGS. PAPKR PATTftRl
DRESS and CLOAK MAKIKO ESTABLISHMENT,
N. W. Corner Eleventh and Chesnut,
t sttith
PHILADELPHIA.
QENTi'8 FURNISHING GOODS.
ATENT B HOULDEIl-8 BAM
SHIRT MANUFACTORY,
AND GENTLEMEN'S FURNISHING 8TORB.
PERFECTLY FITTING SHIRTS AND DRAWKH'
made from iDeantireraeiit at wry abort notice.
All other antelra of GENTLEMEN'S nuns
GOODS la full variety.
VYlrtCHKST KK CO..
H 1 No. TOO CUKSNU'T Street.
ryUY OUU ?2'25 SHIRT.
TRY OUR 2 W SHIRT.
TRY OUR t2 75 SHIRT.
v. TRY OUR $3 Ot) SHIRT.
TRY OUR BOYS' SHIRTS.
They are the cheapest and best fitting 8UIBT3 sold.
One trial will make you our customer.
T. L. JACOBS & CO.,
1J17 2mrp NolSSe Oil KBNUT Street.
J O I. I l A 1' It UNIl TN
FOR
GENTLEMEN.
J. W. SCOTT & CO.,
No. 814 CHESNUT Street, Philadelphia,
B75rp
our doors below Continental HoteL
HOSIERY, ETO.
now orcrj at
HOFMANN'S HOSIERY STOKE,
No. 9 NORTH EIGHTH ST11EET,
GENTS' WHITE WOOL SHIRTS,
GENTS' WHITE WOOL DRAWERS,
GENTS' SCARLET WOOL SHIRTS,
GENTS' SCARLET WOOL DRAWERS,
GBNT8' MERINO SHIRTS AND DRAWERS,
LADIES' MERINO VESTS,
LADIES' MERINO BRAWERS,
LADIES' CASHMERE VHSTS.
CHILDREN'S MERINO UNDERWEAR,
GENTS' COTTON SHIRT'S AND DRAWERS,
LADIES' COTTON VESTS AND DRAWERS.
AIbo, a very large assortment ot
4 T WSlJ
COTTON WOOL, AND MERINO HOSIERY.
WINES AND LIQUORS.
HER MAJE
s
T Y
CHAMPAGNE.
DuriTour & LussoCT.
215 SOUTH FRONT STREET.
THE ATTENTION OF THE TRADE IS
solicited to the following very Choice Wines, sto.i
for sale by
DUNTON ft IiUSSON,
215 SOUTH FRONT STREET.
CHAMPAGNES. Agents for her Majesty, Duo d
Montehello, Carte Bleue, Carte blanche, and Charles
1 aire's Urand Vin Eugenie, and Vin Imperial. M. K I so
man A Co., of Wayence, Sparkling Moselle and 1UU-NH
W IK ES.
MADEIRA 8. Old Island, South Side Reserve.
SHERRIES. F. Budolphe, Amontillado, Topas, Val
lette, Pale and Golden Bar, down, eto.
PORTS. Vin ho Velho Real, Vallette, and Crown.
CLARETS. Promis Alne A Cie., Montferrand and Bor
deaux. Cutreta and riauterne Wines
GIN. "MederSwan."
BRANDIES. Hennessey, Otard, Dupuy Oo.'s various
Tin taxes. 4 6
QARSTAIRS fc MoO ALL,
Kos. 136 WALNUT and 81 GRANITE Streets.
Importers of
BRANDIES, WINKS, GIN, OLIVE OIL. ETO.,
AND
COMMISSION MERCHANTS
For tbe sale of
PURE OLD RYE, WHEAT, AND BOURDON WHIS.
K1ES. 6 ap
CAKS1JAIKS' OLIVE OIL AN INVOICE
of the above for sale by
CABSTAIP8 A MnOAT.T
B2S2p5
Nos. 12ti WALNUT and 31 GKAN1TK St.
FIRE AND BURQ LAR PROOF SAFE
lata J' WATSON & S0N- Pi
lUI'iijOf ths lat ilrin of EVANS WATSON.lfcJii J
FIRE AND BURGLAR-PROOF
APE 8 T O It E,
NO
C3 SOUTH FOURTH STREET,
A few doors above Obeennt st, Pbllada
ROOFING.
I E A D Y ROOFING.
V This Hooting is adapted to all bnildlnsa. It Oaa
applied to gxKEP OR FLAT ROOFS
at one-half ths exponas of tin. It is readily pnt oa
SbinKle Hoofs without removing ths shinnies, thus avoid,
ing the damaging of ceilings and furniture while nndsr
foing repairs. (No gravel used.)
'RESERVE YOUR TIN ROOFS WITH WKLTON1
ELASTIC PAINT.
I am always prepared to Repair and Paint Roofs at short
notice. Abo, PAINT FOR SA I.E by the barrel or calloa
the best and dbespeat In ths market.
W. A. WKLTON.
S 171 No. 711 N. NINTH Street, above Go tea.
ryQ OWNF.KB, ARCHITECTS, BUILDER8,
X AND ROOFERS. Roofs! Yes. yes. Every sise and
kind, eld or new. At No. 643 N. THIRD Stroet, the AM E
1UCA N CONCRETE PAINT AND ROOF COMPANY
are selling their celebrated paint for TIN ROOFS, and
for preserving all wood and metals. Also, their solid oon.
plex root covering, the best ever offored to ths public, witll
lirubhes, cans, buckets, etc., for the worR. Anti-vermin.
I-ire. and Hater-proof: Lieut. Tiuht. Durable.
No oraok-
tug, pealing, or shi inking. Io
pa per, gravel, or heat,. Good
for all olimuta. Directu
roctlona irivnn for work, or good worK.
men supplied. Care, promptness, oertainll On artoet
Caill lixamine! JunVol
Arenta wanted for interior conn ties. , . .
Siilf JOSEPH LKKDH. PrinolpaI.
NEW PU B L I O AJIONS.
TMIIL080PI1Y OF MARKIAOB.-
JL A New Course of Lectures, as delivered at the Ns
York
York Almeum of Anatomy, "'"""'""iTi.V,.,;.. .Zi
How to IJve, and What to Ijve for( Youth, Matunty, and
warded, post paid, on receipt oi w reuw, i.y '"rV""
A. LEAHY, Jii, S. ooineio' Mi) 111 ana WAl.MJt
StrsuU I'hiUdelpBi.
Old Age; Manuood Coneraiiy neviowuu, uo
Indignation: Hatulencesod Nrvoii Diseases Accounted
For; Marriage I'liilooophically Conmdered. sto. sto.
i. ..l.'r" tl,,-H Lectures will bs for.
I UUHOl Villi