2 THE DAILY EVE1S1IS G TELEGRAPH PHILADELPHIA, MONDAY, JANUARY 31, 11870. crm.iT or Tnn muss. Eeltorlnl Opinions mf the landing Jonrnat Upon Current Topi- Compiled Every Tor the Kvrnlnc Tclcgrnph. WHAT HAS BEEN MAY BE. from the N. T. World. In IH'M the tax valuation of real estate in Iho city of New York was $ 1 21), 000, 001). During that year a groat inflation of prices yriM begun by the midden addition of between thirty and forty millionn to the loanable funds of the State banks, in the tthape of Govern ment deposits transferred to them from the Bank of the United States. Bo quickly did the inflation act, that within two years the tax valuation increased 00 per cent., and in ISliO Btood at $2.14,000,000. Of course, speculation ran riot, and the winners in the game believed it would continue to eternity. Bat as it was cot sustained by renewed emissions of paper capital, nor backed by any legal-tender act, such as have operated to prolong the present Inflation, that of 18:10 could not last long. Accordingly it came to an end early the next year in a quick collapse and - bankruptcy almoht general, followed by a sovere and pro tracted season of depression. The misery, the horror of 1837 is being of tener related now by those who witnessed it than heeded hy those who might profit by the warning of the story. They need not be dwelt upon hero, liut that atory has a sequel, which a long series of years was needed to develop, and which shows that the evil consequences cf sudden inflations of the currency are by no means limited to the' bankruptcy and ruin which immediately attend on the explosions in which such inflations are apt to end. '.Those consequences are found to be not merely such as follow the wrecking of com mercial houses, but such as indicate an actual impoverishment of the country, and prove that inflations waste and destroy and result in real poverty, which years and years of quiet in dustry and trade are needed to repair. How many years were needed to repair the losses of the short season of speculation which pre ceded 18:i7? From 234 millions in 18,10, the tax valua tion fell to 1!)G millions in 1837. This was, iiowever, only the beginning of a steady de cline which continued until 1843, when the nmonnt was only 105 millions; and though from that year there was a gradual yearly improvement, yet it was so slow that not until 1852, which was sixteen years after the Iiigh estimates of 183G were made, -were those estimates again reached. During those six teen years population had very nearly doubled, trade and industry hod continued their efforts to accumulate wealth, and, in addition to the urea occupied by the city of 1830, another area of equal extent had been covered with Hew structures wore valuable than the old ones.. So that to say the valuation of 1852 Jjarely excelled that of 183( is the same as saying that at the end of sixteen years the real property of the city had fallen to be Worth in the market only half as much, lot for lot, building for building, and person for person, as it was worth at the beginning of that period. Or if it be thought unfair to compare with the exceptional valuation established in times like those of 1830, let us go back to the quiet and moderate days of 1832, when the amount was 101 millions, and compare the proportion "which that would give to each inhabitant the proportion of each in 1850. Doing so, we find that in the former -year that proportion was $528, and in the latter only $402; showing a relative decline in eighteen years, as a re sult of the wasteful effects of the intermediate season of inflation, equal to 25 per cent., in stead of a large relative increase such as there would have been if nothing unusual had hap pened to retard accumulation. The tax valuations are not offered as proof f actual market prices of property, but mere ly as indicating variations in market prices; for which purpose they are as trustworthy as any proof to be had, if the period under ob servation be a long one, as in the present case, although for a short period they would not be worth much, owing to the slowness with which they follow the rise and fall of market prices. Trobably in 1S30 houses and lots sold considerably higher, and in 1837 and 1838 much lower, than the tax records would indicate. But inasmuch as real estate is lia Me to greater fluctuations in price than per sonal property, perhaps the movement of the latter, as shown by the tax valuations of dif ferent years, will give a better idea of the progress in wealth of a commercial city. Now, in 1834 the tax valuation of personal property in New York was $03,000,000. In 18,'Ui it had increased to $70,000,000. In 1837 it fell to $07,000,000; and it continued to fall, with but slight interruption, until 184'J, whon it was only $58,000,000. To state the matter with relation to the increase of population, the proportion of per sonal property to each inhabitant was, in 1830, $200,' and in 18ll, $12f; showing a relative decrease of 53 per cent, in thirteon years. Or, going bak fur enough to pass over, the period of inflation, we find that in 1832 the proportion to each inhabitant was af?l!l; comparing which with the proportion in 1840, which was $124, there is shown to Lave been a decline in seventeen years of 35 per cent., instead of au iucveato, as there should have been. Tell the well-to-do citien of New York that causes are now working which will not merely prevent any increase in the value of his real or personal property during the . coming sixteen years, but will actually reduce the gold value of boi.h to one-half what it is at present; or toll hini that ut the end of thit period the one will have lost one-fourth and the other one-third of the value it hud Iefore the war, and be will be apt to laugh derisively. And yet the causes which worked to bring on the disastrous crash of 1837, and the long stagnation and depression which fol lowed, were only two; one of them a Are, which destroyed eighteen millions of dollars' worth of buildings urnl goods; and the othor, and more efficient, the sudden expansion of the currency by the i ransfer of thirty or forty millions of bank deposits; while what have we now ? "We have yet to meet what we Lave not yet met, bnt cannot escape from meeting and bearing as best we can, the con sequences and sequels of a combustion in the furnace of war of nine thou&aud mil lions' worth, and an inflation of four hundred millions of repudiated yet forced currency. Many of us are trying to think that a "good lime, wnicn Has aireauy lasteu seven years or more despite continued predictions of disaster, must needs lost torever. vm so long as the problem of the ourrenoy remains unsolved the lapse of time should cause appre hension not confidence. In fact, one reason whv the bubble has endured so long is that Congress has feared to touch it, lest it explo Jo jUeneath their fingers. Many others who realize the gravity of the situation are fondly Loping our rulers will contrive some way for "letting as down easy" as if they could tiud out some royal road leading out of the road to ruin, or span with legislation the yawning abysm in our resources where nine thousaud millions once was bnt now is not. - Congress has been five years about it, and done noth ing yet; but, do what it may, there are laws which it never enacted and can never stay, hinder, or repeal the laws of trade which will always vindicate themselves in the end and in their own sure way. Seven years is long or a "good time" to last. Let him who has secured his gains rejoice and tako care of them. Seven also was the number of fat beeves the king saw in his dream, but for all that seven lean ones closed the procession. TIIE INSURGENTS OF THE BED RIVER. From the London Xation. As far as we can see, the British Govern ment has only one course to pursue with the insurgent "Winnipeggers," as the derisive Americans call them, and that is to wait quietly till summer arrives, and then restore tho imperial authority, if necessary, by an ex pedition as powerful as that which overthrew King Theodore. The case of tho insurgents is no doubt very remarkable, and in one re spect exceptional, but they are pleading it in a way to which no government that intends to continue existing can possibly submit. They are appealing to a foroign power to assist them in repelling a legal jurisdiction set over them by l'arliament, and in the meantime re sisting that jurisdiction by force of arms. Technically they have no case at all. The few thonsand settlers in re volt on the Bod river do not form a colony in the modern sense of that term, that is, a de pendent State owing allegiance to hor Ma jesty in the last resort, but wiolding many of the powers of sovereignty; but are simply a body of squatters within her Majesty's domi nion, who have been allowed to do very much as they pleased, but who are none the less bound to obey the authority sot over them, provided only that the authority is British. They seem to see this themselves, for in the Declaration of Independence issued on the 8th of December at Fort Garry, "Pre sident" John Bruce declares, on behalf of the Provisional Government, that the settlers have been transferred without their own con sent to "a foreign power," and intimates that they are rebelling against that, but tho asser tion is absolutely without foundation. The Canadian Dominion is as much a 'part of hor Majesty's realm as the county of Cornwall, and the settlors. have as much logal right to resist their annexation to Canada as the people of Cro marty would have to resist the fusion of their oddly-divided county into Boss and Suther land shires. In driving out Mr. Macdougall, if he were legally appointed a fact of which there is some doubt they aro resisting the Queen's representative, and resistance of that kind cannot bo tolerated if the Empire is to hold together. It is one thing to allow a colony, organized by Parliament with a view to its ultimate independence, to go free after a regular vote and negotiation, and quite an- othor to permit a handful of settlers to kick out the royal flag and transfer the territories they happen to roam over to a foreign power, The "Winnipeggers claim the whole North west, of which they do not occupy a thou sandth part, and are said to intend to appeal to President Grant that they and "their possessions may lie included within the Union. It is quite impossible for any government to put up with coercion of that Kind, ami great as the duUculries in tho way of action are, they must be faced, and faced by Great Britain. It is her authority which is resisted, and not that of Canada, for the set tlers have not formed themselves into a colony willing to accept a British Governor, in which case we might have waited a few years for the lusion ordered by Parliament; but into State claiming independence, and intending to request admittance into the Union. The difficulty of exerting British power at that dis. tance and in such a locality is very great, but it must be faced, as similar difficulties wore faced in Abyssinia, or we must be content to allow that British authority oan be safely do lled whenever it is inconveniont to exert it that is, we must surrender the first idea of empire. It is greatly to be regretted that a force cannot be despatched to the Bed river at once, but that is, we presume, impossible. "VYe cannot proceed by the natural route through Minnesota, the republio forbidding transit for troops across its territory, and ac tion by the Canadian route involves the march of a thousand men, with arms, ammu nition, and baggage that is, practically of i(K)() men and 1500 horses through an im pervious lorest in which every pound of forage must be carried, and every step of the road must be cut with the axe, a work which in winter maybe pronounced impossible. The men would die of cold and want of provisions, or arrive too exhausted to be of service. There is nothing to do but wait; but, the weather once favorable, that road must be made at any expense, and the lted Biver brought back to its allegiance, if necessary by force. Tho danger of American complications, though no doubt considerable, must be faced as courageously as may be, with full consciousness that it is serious, but a full resolve also not to sutler it to enfeeblo an lmporial policy. If wo are to remain in North America at all, we must act in our own dominions without this lncossant referenco to tho ideas of statesmen who never deflect their own policy out of any deferonco to us. There is neither dignity nor suiety in this perpetual apprehension of a power which knows perfectly well that war with Groat Britain would bo tho gravest event in its his, tory, and if not insulted or assailed, will at least choose a great ocension for so great a struggle. Tho Union does not wont the Bed luver at tho price ot a seven years war. But we may be usked, ulthougb, those settlers in Lake Winnepog are loyally in the wrong, may thoy not have a moral justifica tion for their action ' That is only to ask again the old question of the limit to tho right of insurrection. Has every community, however small, the light to destroy an orga nization, however great, because it thinks that by such destruction it may bouefit itself '( May the people of tho Orkneys morally claim a right to set up for themselves? We dare say the few thousands of people represented at Port Garry would be a good deal happier if their possessions formed a State of tho Union, and if they governed themselves in tho rough way they like, and if they were exempt from any fear of Canadian taxation, mil if they wore left in full enjoyment of their practical monopoly in waste land. "We do not know that they would bo, but we are quite willing to assume that they know their own business best. But then the happiness of Bed Biver settlers is surely not tho ultimate end of tho world's politics, or even of those of North America: tiFd it is as certain as anything of that kind can be that tho world and the con tinent wonld both be in jured by the indepen dence of the Bed Biver. The world would be injured beoauso its freest and most civilized Ktatewould.be proclaimed powerless to hold hor own, a failure in organization and in ideal; and North America would lose its greatest pros pect, the rise of two great and friendly but different political civilizations. The plan of the Canadian Dominion is a very groat and very w ise one, and we cannot admit tho right of a few thousand settlers, whether half breeds of whole-breeds, to mar it cither for the sake of their own personal dignity or their ow n personal comfort. We regret groatly that they should sutler,' we would make any concession compatible with tho general policy, nnd are not without respect for tho kind of self-esteem bred by political isolation and the liAiiitof independence: hut those foelint?. though thoy would induce ns to spue after , ,! t i i . . : 1 suujiigauon, wumu not luuuce hi i'- nvuiu Rubduinc. Tho British Parliament and tho immense majority of persons in British America have agreod to found thoro a grand State; and any group or inuiviauau who cannot approve tne plan must eithor endure it patiently or depirt. Thoy cannot bo allowed to stand in the way eithor of tho im perial career, or of tho destiny which the whole empire deems tho most fortunate for the vast territory in which their "settlement" is but a pretentious village. TIIE FIFTEENTH AMENDMENT ITS EFFECT ON PARTIES AND POLITI CIANS. From the A. T. Sun. The nndoubting prophecies of the S for the last six months being about to be fulfilled by the ratification of the fifteenth amend ment, it is well for party leaders to inquire what will be its effect upon the politics of the country. That the amendment will ever be resoinded is but the dream of simpletons. It belongs to that class of movements that tread no steps backwards. It will stand, and its provisions will be enforced. Its adoption having closed a long and bitter controversy, any attempt to resist its operations will be frowned down by the people. Tho politician who does not re cognise and respect this fact may be allowed to count one at the polls on the day of eleo tion, but will bo taught that he is unfit to lead a great rarty. The amendment confers the ballot upon about 000,000 negroes, 800,000 of whom re side in the old slaveholding States. It gives the suffrage to 80,000 in three Southern States which the Democratio party now hold tenaciously, namely: in Kentucky, 47,000; in Maryland, 34,500; in Delaware, 4500 a force which may prove sufficient to revolutionize their politics if it should all bo thrown against that party. The old leaders of publio opinion in tho late insurgent htates intend to faithfully per form the conditions of their restoration to tho Union, negro suffrage included. It is to those leaders and their followers that tho Demo cracy of the North must look for their allies in the South. If these Southern Democrats alienate from their party the mass of the 800,000 colored voters, all tho old slavehold ing States will cast fheir electoral votes against the next Democratio candidate for the Presidency. "Will the Southern Democracy be guilty ol such infatuation!1 By no means; on tho contrary, they will seek to revolution ize the politics of their several States by cul tivating the negro vole. And this fact will inevitably rule out of tho list of Demo craiio canuiaares lor tno 1'resnioncy in 1872 every Northern Democrat who has made himself conspicuous in his host ility to ihe fifteenth amendment, and has avowed his intention to resist its provisions. Unions we are to witness conversions as marvellous as that of Saul of Tarsus, this will dispose of all such spirants as Pendleton, Hendricks, Packer, und Hoffman, as effectually as if they had already shuffled off their mortal coil. The Southern delegates to the nominating conven tion would not sacrifice success in their own Slates by ministering to the fruitless ambition ot such candidates. Tho higher probability is, that because of radical differences between Southern and Northern Democrats, and tho deep-seated chagrin, not to say anger, which tho former feci toward the latter for accompanying them through so many years toward tho precipice of 1801, and then refusing to take the plunge with them nay, more, stretching out their arms to push them over into its abyss we say, the higher probability is, that the Demo crats of each section of the Union will present a candidate of their own. The rapidly de veloping tendency to break np existing parties because of the disappearance from the arena of tho issues upon which they were founded will powerfully contribute toward this result, Party chiefs, whose convictions do not strike beneath the skin, may try to avert this catastrophe by casting about in search of a candidate npon whom they can compromise their differences. Nor would the search be wholly in vain. Tho imposing figure of Chief Justice Chase would immediately arrest the eye. lie is a genuine Democrat, and tho roughly orthodox on negro suffrage. In the Free-Soil struggle of 1848 he presided over the convention which nominated Van Buron, and was then a favorite of the New Y'ork Barnburners. He is highly esteemed at the North, is popular at tho South, and is a very lalleyrand lor forming successful coalitions, Then, there is young John Quincy Adams, who believes in the fifteenth amendment, combines an extraordinary degree of talent and tact with rare couracra and audaeitv. springs from a famous old btock, and would give animation to the canvass by reviving the Revolutionary ode of "Adams and liberty, Nor nerd the sticklers for an ingrained Democratic candidate, one dyed in the wool, det-T air. uovernor heymour has been very reticent of late about the htteenth amend ment, not unwilliDg, perhaps, to see his rivals and opponents in this State breuk their neoks over a stumbling-block which ho preferred to avoid. Lven during the eampaiicu of 181)8, while he was on his stmnpiug tour in the West, he was wary enough to talk a great deal about finances, and very little about neoroes. And though he could not find time to attend the last Democratic State Conven tion, ho has since found amplo leisure to attend State conventions about tho canals end about cheeses, and we think he would not object to running for tho Presidency once more And there is long-headed banford iv Church, for whom New Y'ork cast her thirty. three votes so many times in the last National Convention; ho is a Democrat of tho old and honest school, as well as a man of transcen dent ability, and has kept very quiet about uecro suffrage. But if the Democracy want a candidate who has known neither variableness nor shadow of turning, who suffered pnrseoution for the cause during the war, when even Seymour and Pendleton showed the white feather, who has been as silent as the grave for more than a year past about reconstruction and negro suffrage, and who is the very Moses to lead the Southern people, white and black, up out of tho house of bondage, we point them to Clpment T. Vnllandioham of Ohio. But though here is a goodly list to select from and it might be extended we adhere to the opinion that the differences between tho Northern and Southern Democracy are no irreconcilable that the probability thit each will preuent a candidate of its own is very strong. Yet, lot not the Bepublioans grow merry over the prospect, for the very first serious sign of Democratic division on the Presidency will develop their own in curable diversities of opinion about measures and men, and will be the signal for the dis- rupliou, lint to say dissolution, of the Bepub- licun party, cpeomlly if it hhould have the fatuity to nominate General Grant, with all his family connections and Spanish relation ships, for another term. MP.. DAWES' POSITION. " From the S. Y. Tribune. Members of Congress are prone to wan- ! gery, yet wo suspect that one who with sober lace talked of Mr. Dawes' retrenchment upeeeh as putting him outsido of the Bopub- nenn party cauuo, Dave luiiy roaiized the facetiousneftfl of his suggestion. If he had proposed that Mr. Dawes be excluded from tho mammoth "nno of tax-consumers, we might have imagined him in good earnest; but, outside of that ring, we know no Bepuliucans who aro not in hearty accord with Mr. Da was. and rather inclined, where they differ at all, to go beyond him. Nearly five years have passed since our civil war ended; yet we have five to six hun dred army officers drawing pay from the Treasury, yet doing nothing whatever to earn it. it is not their lault that they do not earn their wacos. It is our good fortune that we havo no present need of thoir services, and we are entitled to profit by it. The boys who, for $ 1 0 per month, carriod muskets through blood and fire till the Bebellion was crushed, were then paid off and sent home, as was right; their mustering-out bounty of $50 to $100 each was all the extra they received. The officers', who, since Lee's surrender, have mainly dono nothing and been well paid for it, should now be paid off and mustered out as the rank and file were. They should not ask to be paid Ion cor for doin&r nothintr. and. if they did ask, they should not be gratified. We are bound to bo lust; we cannot atlord to bo bounteous, much loss prodigal. If we are ever to pay our great debt, we must be rigidly. sternly, systematically frugal. Now, every member of Congress seems to favor public economy in the abstract, while nearly every one opposes it in the concrete One wants a new judicial district made. whereof hia brother or best friend is to be judge, and his cousin or next friend aspires to be marshal. ' Another wants to increase the salaries of UnitedStates judges generally, Or at least these of the highest class. Another wants a liberal subsidy for a railroad in which he is interested, or which is calculated to enrich his constituents. Another goes in for a liver or harbor improvement advanta geous to his district. Another wants a steam ship lme established and supported from the ireasury. 'Alms from every side the horse leech's daughters cry "Give! give!" and, while economy is on every lip, tho expendi tures are swelled by item after item which might be proper if we were out of debt and had an overflowing treasury, but are, in our actual circumstances; clearly unjustifiable. air. Dawes hits the right spot when he pro- pscs to cut down the expenses of Congress with an unsparing hand. Say what you may of extravagance in tho departments, we are sure that no one of them, and we doubt that they all together, squander so much money as is fooled away on tho minions of the Capi tol. Committees are provided with clerks and tho edifice filled with supernumeraries of all kinds, to tho advancement of no interest on earth but fheir own. We defy any one familiar with the ins and outs of tho Capitol to t-ny that ho believes the publio business might not be well done by half tho persons now employed and at less than half tho cost now incurred. Tho sub-door-keepers, firo- ivakers, folders, sub-postmasters, etc., etc., swarm like tho frogs of Egypt, and are not content with liberal pay for doing little or nothing they want "twenty per cent, extra," or "the usual extra compensation, or some extra Jick at the Ireasury no matter what the name so that they get the money. And there is a contnnt pressure on members and officers to inflict more and more of these lazzaroni on a long-suffering publio. Vv e repeat that the whole country heartily thanks Mr. Dawes for saying the right thing at the right time, lie may have been mis taken in this or that item he may have done injustice to a worthy lunotionary by Una or thut comparison but he is right in the main. right in purpose, and right in the effect his demonstration is certain to produce. Whether Congress shall or shall not be governed by his suggestions, it will surely be anected by them, so that the appropriations for the next fiscal year will be considerably less than they would have been had he kept silence. And for this he will be thanked and honored in nearly every household whose bread is not buttered from the 1' ederal Ireasury. MR. nilLLirS AND HIS BILLION DOL- LARS. Prom the X. T. Time. J. no power or nabit is prodigious. Here is tho Anti-Slavery Society holding its annual meeting in Boston in behalf of the abolition of slavery, as persistently as if slavery were still a flourishing "institution," calling for bold and gallant spirits to attack it. This society once was a busy affair, and dealt with a great subject, and was unsparing in its blows. Now, however, the ingonuity of its members seems to be mainly devoted to find ing appropriate topics for discussion. The chief part of their meetings is oceupiod, appa' rently, in hhowing bow several other matters are connected with slavery or, at least, initht bo, if Blavery were not dead and buried. For the rest, certain Congressmen furnish convenient targets for abuse and hard names at enoh annual meeting; and alterwarda it is understood that tho members mollify their nngiy passions with tea and toast. Amongst those Congressmen noticed this yearare Sena tors Trumbull and Ross, who were deHoribed as ''half-baked lawyers" and "nnlf-fledgcd statPHiien" though we do not remember any thing specially callow in the appearance oi those gentlemen. But the "land and money question" was perhaps tho great discovery in tne way or a toi'.io for discussion at this uieftinu. Resolu tions were adopted declaring that "the voter in the position of the negro rnco needs land to nuilto him independent, and also pecuniary aid. This great idea Air. 1'hillnm elaborates in the Aidi-Murery standard, "The whole nation," he begins, "recognizes the fitness and necessity of securing ltaid to the negro. Unless he bus a homestead to stand upon, "the ballot and his civil rights will be worse than empty forms they will be real evils." Is tins so t Then Mr. nniiips notion or suf frage is evidently that it requires a property qualification, and not only a property qualifi cation but a lunded interest! For certainly Mr. Phillips does not concede that the negro is less (manned to vote tuitn the white man, and more than half of the white voters have no lands or homesteads: it is clear, therefore, thut this statesman contends that suffrage ought to be restricted to landowners. We have seen Mr. Phillips in many roles, but hardly in one so remarkable as this. Nor is the land all "it is proposed that the nation shall lend the negro money." For, without money, "how shall he break up the soil, ttnee, build, or cultivate t wnere is his mule to come from?" To this knock down question it appears that a certain politi- cal economist baa given tho brief answer, "Boot, hog, or die'' an answer which quite enrages the Auti-Klarcry Mm faint, and roovea it to declare this response to be thnt of "a philosopher who prints a journal on stolen cotton for thirty years." In paying his Te hpects to the same economist, Mr. Phillips expressed the quite inhuman desire to "strip Horace Greeley, and put him out upon tho prairie, and say to him, 'Boot, hog, or dio." Meanwhile, the question comes np, how much does the Phillips patty think we ought to nnv tbn nerro in unli.r tn tit him for thn ballot? He tells us. "Every negro family can justly claim forty acres of land, one year's support, a furnished cottago, mule and farm tools, and free schools for life." This is all a very modest demand. Figured in ronnd nnmborc, at tho present prices of mules and cottago furniture, he calculates "this would cost about ono thonsand millions of dollars." And this wo are asked to do, "in order to secure the negro's free voting." Even this billion of dollars which represents "the negro's claim," Mr. Phillips considers to bo a very generous proposition of settlement. "I am not sure that, with all its apparent wealth, the nation has anything it has a right to lend him. There might be a fair argument framed to show that he really owns all." And this, in fine, we are told, is the theory of 'strong common sense," as opposed to "the cobweb speculations of dreamy theorists." If such, however, be the stuff the Anti Slavery Society listens to, year after year, we should think it advisable for them to vote that slavery is dead, and thereupon adjourn and make an end of it. WINES AND LIQUORS. HER MAJESTY CHAMPAGNE. DUUTorx & Lusson. 215 SOUTH FKONT STREET. TBE ATTENTION OF TOE TRADE 13 solicited to the following very Uhoioa Winet, to., UT HUB Vf UUn iVW J.UBBUN, !I16 SOUTH FRONT 8TRK.RT. DHAMPACNKS -Airnili far h- M.in. Th, it. Mnntebelln, Carte Bloue, Carta Blanoh, and Uliarlea t arre'B brand V In Itugonie. and Vin Imperial. M. Klea- piin A Oo , of Hajrcnoe, Sparkling MoMtlle and RHINE JH AI)I IKA.-Uld Inland. Booth Side Roaerra. K11KKK11CS.-K. fturinluha. Amontillado. Tonae. Vat. letiB. ram inn iujunn nar, M own. two. rurt'i .- vinho vellio Keal. Valletta, and Urown. C1.AKKTB. l'romis Aine i. (lia.. Montlarrand and Bar. aoaui, umrtoa ana rtautera winea I. IN. Mwler nwan. KUANDlrJj. Henneaaer, Otard, Dnnnj A Oo.'i Tarioaa Timacea. a p A U 8 I A I It 8 & McO ALL, Noa. ISM WALNUT and SI GRANITIC Btreeta. Import or of llltANDU'S, WINKS, GIN, OLTVK OIL. F.TU., AND COMMISSION MERCHANTS For the aale of PURK OU RYK, WHKAT, AND BOURBON WHI8- nilgai uiosiy PAN STATUS' OLIVE OIL AN INVOICE J of the above for aale by 6 28 2p? Nos. 12H WALNUT and 31 U KAN1TK Hu. WULLJAM ANDERSON & CO., DEALERS V In fc iaa Whiekiaa. Mo. 6 North SOOOND Rtreet. Vhtuulalutri HOSIERY, ETC. ZIOW OPEN AT HOFJHANN'S HOSIERY STORE, No. 9 NORTH EIGHTH STREET, GENTS' WHITE WOOL SHIRTS, GENTS' WHITE WOOL DRAWERS, GENTS' SCARLET WOOL SHIRTS, GENTS' SCARLET WOOL DRAWERS, GENTS' MERINO SHIRTS AND DRA.WER8, LADIES' MERINO VESTS, LADIES' MERINO DRAWERS, LADIES' CA8BMERB VESTS, CHILDREN'S MERINO UNDERWEAR, GENTS' COTTON SHIRTS AND DRAWERS, LADIES' COTTON VESTS AND DRAWERS. AIbo, a very large assortment of I T wsiy COTTON WOOL, AND MERINO HOSIER'S. PIAN08. 8TCINWAY & SONS' Grand Square and Upright Pianos, With their newly patented BK80NATOR, bj which the original volume of eoand oan alwan be retained, toe ame a in a Violin. BLASITJS BB0S., No. 1006 CHE8NUT STR1CET, JWwtf PHILADKLFHIA. ALBRECHT, RIRRKS A BCHMIDT, M ANUrAirl ITBRHV f)F FIRST-CLASS PIANO-FORTES. Full guarantee and moderata phcee. WAitH.KuuAio. no. w &nun otreei. GROCERIES AND PROVISIONS. JUsT RECEIVED. ALBERT C. ROBERTS, Dealer la Fine Groceries, II H Corner KLKVKNTH and VINK8troia. JICHAEL MKAUHKK & CO., " No. ma South eiXTj'.KNTii street, WlioleKule anil Retail Dealers In PROVISIONS, OYSTKItS ANJJ TkHUAPINS. Starilor'a Kxtra Canned HORN. " ' " PK&H. " " " PKAOIIK8. M dryland Canned TOMaTUHS. Ktra Canned ASPAKAUUH. 235 J WANTS. 33 3 V? 531 s TO TUB WORKINU CLASH. We are now pre pared to furnixh nil chimes with ooniitant employ ment at home, tbe whole of the time or for tha aoare tnftiiinbtH. KuKiiiHHa new. Itirlit. and nrotitable. Persons of cither sex eaKily earn from 60c. to Ha per evening, and a roportional Hum uy aevoiing tneir wuoie time to in, lOhiueM. Boya and gir a earn nearly as much as men. That all who see this notice may send their addrosa, and tAkttha tmHitiecis. wa m.ke tine unparalleled offer: To such as sre not well astiued, we will send H I to par for the trouble of writing, run particulars, vaiuaoie sam ple, which will do to commence work on, and a copy of The "roplr't Literary I'mnfianiimono of the largest and bkt family newnnarmre oublinhed all aeut free by maiL Meaaer, ir vou wanx permanent, prouutuie wora. auureas QENT.'S PURNI8MINQ OOOOS. PATENT SHOUIiDEU-SKAM x SHIRT MANUFACTORY, AND GENTLEMEN'S FURNISHING STORK. PRHTfKCTLY FITTING SHIRTS AND DRAWER made frnin nieniiureuieot at very short notice. All other article ol uawiiJkiuJi.no uitno GOODtJ la fall vax-taty. WINCIIESTKTl A CO., No. V CHKHNUT 8lrwt. 11 B II OLIDAV jVK VNllNTN GENTLEMEN. J. W. SCOTT 3l CO., No. 814 CUESNUT Stroet, PaiUdtMpM. fTSrp ' Qjr ilotint blw C'juUU'muU UuW SPECIAL NOTIOES. fiaT OFFICE OF WEI.L8, r A KOO OOM- rAJNY, No. M BROlDlvAVi NKW YORK, De- Kvhrr 28, l!!). Notice la hereby civen, that tha Tran.fer Ho(,V. nf Wella, raw Companjr will be CI.JSKDea thelPthdar of JANUAIIY, 170. at o'clock P.M. to enable the Oemveny in aaoertain who are ownere of the atock of tbe old Ten Million Capital. The owner of that lock will be f n'ill.d te participate In the dlatrihuUea of aaieta pioridedifor br the ajtrennient With the Paciflo Fxprte Company. Ihe iranaret Hooka will be opened on the 82ddayef JANUARY, at 10 o'clock A. M, after wbiuh time the J5,1C0,0(0 new atock will be dnliTernd. Notice la also glrxn that tbe Tiannfer Hooka of thla Son,. tniwt!l beCLObKD on the SGth day of J A If It A KY, 1W0, at n o'cloca P. M., for the porpoae of holdin tae annual FI.KOTION OF IIRKi Tons of thla Comparer. Ihe bnokawillbo KKOPKNKD on the 7th day of FKB KUAKY. at 10 o'clock A.M. 12Jltr7 OKORGR K. OTIH. Secretary. jfcay- OFFICE PENNSYLVANIA RAILROAD COMPANY. Prm.AnrxrinA, Jan. 2J, 1T0. NOTIOK TO HTnOKHOI.DKR.il Tbe Annual Meeting of the RkcklioMtra of thla Ooaa- rny will he held on TUKSDAY, the 15th day ef February, 187M, at 10 o'olock A. M at the Hall of theAeamhly Itnildinira, 8. W. corner of TKNTH and OUFJSNUT Btreeta, Philadelphia. The Annual Flection for Director will be held e MONDAY, the 7th dny of March, 1870, at tbe Ofloe of the Company, No. 238 8. THIRD Btmat. 1 26 Sw JOdKPH LKSI.KY, Reoretary. Bgy- OFFICE OF TIIE DELAWARE DIYI- BION CANAL COMPANY OF PKNNSYLVANIA, No. 3W WALNUT Btreet. pHlI.AtP.IJHtA, Jan. 23, 187. The Annual Meeting of the Htockholdara of tbia Com pany will be held at their offioe on TUESDAY, February 1, 1870, at 12 o'clock M., when an election will be held for Managera for tbe ensuing year. E. O. OILF.8. 1 28t Secretary, OFFICE OF TIIE FREEDOM IRON AND Bi'EF.L COMPANY, No. 230 South THIRD Btreet. PntI.APITTJ"HIA, Jan. 17, 1870. The annnal meotins of the Mtorkhnlrinre of the IT RK It DOM IKON AND STKKL COMPANY will ba bnld at Mia Office of the Cempany, Ho. SJ0 South TUIllD Btrnet, Philadelphia, on TLU'h.NDAY, February 3, 1870, at 12 o'clock M., when an Flection will be held lor Thirteen Directors to eorve for the enduing year. 1 be Transfer Bocks will be closed lor fifteen days prior to the day of said election. 1 18 Ut CHARLES VF-STOW, ,Tn., fleer, tary. ftSy- OFFICE OF TIIE BELVIDERE MANU- FACTURINU COMPANY. Rrxvudtnie, N. J., Deo. I, W9. Notice ! hereby given to the stockholders of the 11 KL. VIDK.K K M A N V c ACTUR1NO UOtiCANY reapeotiTely, that atesftnenti amounting to B1XTY PRR OlCNl'UM of the capital atock of aaid company have been made and payment of the aame called for on or before tbe eighth day of February, A. D. 1870, and that payment ef such a proport ion ot all sums of money by them aubaorlbed is called for and demanded from Uiom on or before the aaid time. Hy order of tha Board of Directors. L!28bw B. BlhF.RRRRD, 8eorotaiT. PIIILa 1) ELFIII A AND READING R AIL ROAD CO., Office, No. 227 8. FOURTH Street. PHH.anKi.PHiA, Deo. 23, lt9. DIVIDEND NOT10K. Tbe Transfer Books of the Company will be cloaad on FRIDAY, the Hint instant, and reopened on TUESDAY January 11, 1870. A dividend of FIVK PKR CRNT. has been declared on the Preferred and Common Stock, oloar of National aui State taxee, payable in CASH, on and after January 17, 1870, to the holders thereof as they shall stand registered on tbe books of the Company on tbe 81st instant. AU payable at this ottloe. All order for diridend mnst be witnessed and stamped. U. BRADFORD, 12 22 But Treasurer. U35T PHILADELPHIA AND TRENTON ntlLKOAD COMPANY DELAWARK Avenue. -Odioe. No. U SOUTH Phit.auki rmA, January 19, 1870. Tbe Directors have thin day declared a semiannnal dividend of FIVK l'KR (JKNT. upon tbe capital stock of the Company, clear of taxes, from the protitaof the aix months emiina December ill, IHti9. payable on and after Febiuary 1 proximo, when the transfer books will be re 'lTo'lIt J. PARKF.R NORRTS. Treasurer. jjgsy- THE PARI AM SEWING MAGUINE Company's New Family Sewing Machinea are most emphatically pronounced to be that great dOHidsra'.um so long and aimouHly looked tor, in which all the essentials oi a perl oct machine are comoinea. 1 1'.l No. 704 CliKSNUT street. COLD WEATHER DOES NOT CHAP or roiiKuea i.ut BKin ailer aiinr nniuUL a CONATFD ULYCF.RIKK TABLET OF SOLIDIFIKD CLYCF.KINK. Itatlsilvnsa makes the skin delioately sott and beautiful. Sold by all druggist. H. U. A. WKlOHTi 8 No. 634 CH1CSNUT Street. i2y COLTON DENTAL ASSOCIATION unKiiiBiH urn pnncsi.ueuo use or NITROUS OX1DK. OR LAUGHING OAS. And devote their whole time and practice to extracting teeth without pain. Office. JT1UH i ll and WALNUT Street. I1H jgy- DR. F. R. THOMAS, THE LATE OPE rator of tbe Col ton Dental Association, is now tbe ontytme in Philadelphia who devotes hia entire time and pract.ioe to extracting teeth, absolutely without pain, by fjeab nitrous oxide gas. Office. HI 1 WALNUT St. 1268 y- QUEEN FIRE IN8URANCE COMPANY, CAPITAL, 2,000 000. SABINE, A I.I. FN DULLFR. Agent. K FIFTH and WALNUT Rtreet. CURTAINS AND SHADES. H. C A R R Y I lias resumed tbe Curtain Business with his Sou at No. 723 CUESNUT STREET, , Two doors above his Old Stind. CURTAIN DECORATIONS, of the newest fabric ELEGANT GILT and HOMBVVOOD CORNICES. TA88H.LS, FRINGES, WINDOW SHADES, LAOI CURTAINS, from the plainest to the most elaborat and expensive. RAILROAD SUPPLIES. W. II. CAKRYL & SONS No. 723 CHESNUT STHEET, 11 o81 Two dnors above our Old Stand I IAliDIIN O'H liDITIONH Of THE HOLY lilltLK. FAMILY, rL'U'IT, AND t HOTOGKAPH BIBLK3, FOU WEDDING AND BIRTHDAY FKKSBNTi. ALSO, PltBtliNTATION BIBLES i'OR CHURCHES, CLERGY 51 EN, SOCIETIES AND TKACUBIW, KTC New and superb aMort ment, tionnd In rllch Levant Turkey Morocco, Funded and Ornameiitnl Designs, equal to the London and Oxford editions, at less tliun half their price. No. 8H6 CatiSNDT Street. STItBNGTlI, BEAUTY, CHICAI'NESS COMUIN2D1 HARDING'S PATENT CHAIN-BACK For Wedding, Holldny, or Birthday Present, these Albums are particularly adapted. The book trane, and dodder in faucy articles, will , find the most extennlve aiwortnicnt of Pnotoiraph Albums In tho country, aud superior to any hereto lore made. For great strength, durability, and cheapness, Harding Patent Chain-back Albums are unrivalled. Purchasers will llutH greyly to thnlr advantage to examine these new Hues of goods be fore making up their orders for stock. Also, a large and splendid assortment of new styles of Photograph Albums made lu the usual tuHiiuer. No. S'iO UUSSNUr Btreet, Philad'-'lP"' 1 IT
Significant historical Pennsylvania newspapers