eriRiT or xzxs mass. Editorial Opinion f tk l.fidln Journal Upon l)nrrt Toptco Compiled KvrrT Dav lor tho ETfnlB Telfa;ruh. GLAD TIDINGS! From the A'. Y. Time. Of course, the wiseacres who proposed to excommunicato tho Times for daring to urge a large and an immediate reduction of taxex, will expend all that remains of their wrath Tipon Ueneral Grant ami the Committee of Ways and Means. The offense of the Presi dent is rank and muHt bo punished; he haa listened to the voico of the people, and has come to the conclusion that they want and muHt hare substantial relief. And the mem ben of the Ways and Moans Committee are not lens guilty. They have heard the coun try's cry, "Down with the taiea I" They have greed to rocommend Borne measure of redac tion. Great will be the fury of the monopo lies and their prophets, and terrible the fate of TreBident and committee-men. Who knows what will happen now the powers that ie at Washington begin to evince their appre ciation of the feeling prevalent throughout the States ? We have no doubt that General Grant will survive the scolding that is in store for him, and will even come through the ordeal stronger than ever. He commenced his Ex ecutive career with the declaration that though having on all subjects a policy to recommend, he should have "none to enforce against the will of the people." On this sub jeot of taxation he has kept his word. In December he recommended the retention of the present rate of taxation through another years as a means of . facilitating the funding of the debt. That was General Grant's policy, ftince then the will of the people has been made manifest. It is that taxes Bhall be reduced now. Trecisely how reduction shall be effected, what taxes shall be re vised or repealed and what maintained, is a matter in regard to which opinions differ. But on the essential point that the flaoal bar dens shall be lightened to the greatest possi ble extent, and without delay the people axe all but unanimous. On no other sub ject is there half the unanimity that prevails on this. "Down with the taxes" is e very whore the cry a ary not prompted by ordi nary impatience of taxation, but originating in the conviction that trade and industry have endured the exhaustive drain of war taxes to the full extent of their ability, and that a diminution of the load is absolutely neoes isary. This is the deliberately expressed judg ment of the people, echoed with few excep tions by the press, and the f oroe of which is cow recognized at the White llouse and in the Capitol. The demand for redaction mast have im pressed the President with greater foroe because of the evident friendliness with which it has been uttered. His policy and the will of the people differed but only as to order and time. "First funding, then redaction," was his maxim. "Reduction first, that the country may be relieved and its credit strengthened by prosperity, then funding" is the policy of the people. In their ultimate purposes the two methods are identioal. The popular preference has not been expressed in Tain. With a promptitude and frankness whioh are as honorable to his manhood as to Lis sagacity, General Grant has studied the will of the people, ascertained its drift, and comprehended its significance. Another President might have clung to his own policy despite all declarations against it. He might have mistaken defiance for duty, and con founded obstinacy with principle. General Grant has more correctly learned the respon sibilities of his position. Having ascertained the will of the people, he proposes to carry it into effect. He has discovered that they re quire a reduction of taxes at once, and he Las exerted his influence to bring the Ways and Means Committee to tne same conclu Sion. h or this candid acknowledgment of a great fact, we thank him and the people will thank rum Heartily. Will Congress with equal grace pause in its personalities, arrest the empty talk which renders it ridiculous, and enter upon the work which should have been begun last December ? Will the Ways and Means Com mittee discard its Tariff of Abominations, whose promulgation has provoked just indig nation, and acquiesce in the President's sug gestions? These are questions yet to be answered. General Grant, it is known, re commends an immediate reduction of taxes to the extent of at least fifty millions thirty millions to be taken off internal taxes, and not less than twenty millions off customs duties. This is the minimum of relief that should be afforded. The committee, it is understood, has already adopted the proposi tion relating to internal revenue, and we trust that it will not hesitate to renew the consideration of the tariff, as well with the view of abating its enormities as of diini nulling the revenue derived from it. The satisfactory performance of the task which thus devolves upon Congress calls for the exercise of some of the qualities which Lave just added to the greatness of the Presi dent. Fifty millions less of taxation will be a boon of no common magnitude. To enable the country to realize all its benefits, how ever, the work of revision, whether of inter nal or customs taxes, must be prosecuted without fear, favor, or affection. The largest possible relief to the people is the object to be aimed at; and any attempt to diminish this relief in the interest of specially-favored classes or monopolies will be unjust and im politic it cannot ue xorgotten that any notable reduction of taxation is a concession to the people, exacted by the pertinacity and force of their demand, with the help of the President; and Congress will blunder egre griously if in the process of reduction it shall Leed other interests than those of the people. CONGRESS AND THE ADMINISTRATION ON THE CUBAN QUESTION. From the N. Y. Herald. "My policy" came within a single vote of the expulsion of Andy Johnson from the White House. Whether General Grant, re membering the misfortunes of Johnson, has or has not determined to avoid every danger of a collision with Congress, his policy seems to be the policy of awaiting the action or the opinion of the two houses upon all the great questions of the day. Upon the Cuban ques tion, for example, we have been over and over again assured that his sympathies are with the islanders and their cause of independence. and yet his Secretary of State, in his strangely uuiivnou uuuuun ui uouirauiy, n&s proved an active and efficient ally of Spain. His zeal and vigilance as a detective in the interest of frpain have been very remarkable for an old xuan, while hid gracious ticket-of -leave to those thirty Spanish gunboats has shown that i. . iv i - - lie una uuug ui w jjuihuhv wcanaegBes pi a young man. ueneral Grant, wa wiu suppose, Laa consented to all. this besause he thus avoids tha danger of trenching upon the su preme authority of Congress over such deli rate questions as war, peace, neutrality, and belligerent rights. This is the best defense THE DAILY EVENING TELEGRAPH PHILADELPHIA , SATURDAY, FEBRUARY 19, 1870. we can give Lim, and conceding that, under I the circumstances, it may excuse hiin for resting upon his oars and drifting down stream, we can look only to Congress for action upon this Cuban question. It is in this view that nothing can be ex pected from the administration in taking the initiative for the sottlement of this question that we regard with special satisfaction the movements nmde in both houses of Congress in behalf of something like fair play to the Cubans, and in behalf of some recognition withal of the rights of American citizens. We regard these movements with special satis faction because, without the direct interven tion of Congress, the Government is in dan ger of being disgraced in the eyes of the civilized world. On the plea of humanity alone General Grant, at any time since the 4th of March last, would have been sustained by Congress, by the American people, and by the enlightened opinion of Christendom, in proclaiming belligerent rights to the Cubans. Nay, more, at any time within the period in dicated he would have been sustained by the public sentiment of the United States, and justified ' before the world, in pleading the duty of an armed occupation of Cuba in order to put an end to the barbarous atroci ties of the Spaniards and to their savage gov ernment over tho inland, as outside the pall of civilization recognized by the law of nations. On the broad and general principles of humanity and civilization there was a plau sible excuse for the t rencn armed interven tion in and protectorate over Mexico. On the same plea as that of Louis Napoleon, con sidering the fact that we have assumed the guardianship over that country against Euro pean interferences, it becomes our duty to establish law and order in Mexico. The same plea, in view of the reduction of the Spanish government over uuba to the savage condi tion, would doubtless satisfy Napoleon as our explanation for a military occupation of the island. But Mr. Fish, they tell us, is afraid of a war with Spain, and the President says, "Let ns have peace. So be it. then. But, surely, the Cubans, against all the power of Spain by land and sea, have sufficiently proved their title to belligerent rights. Per haps; but have we come in conflict with Mr. Sumner'B hobby, those Alabama claims ? We apprehend that Mr. jj inn Has not tne remotest idea of any further agitation of those claims while he remains in the State Department; but for all that Mr. Sumner does not wish to have his case weakened by any recognition of belligerency in behalf of the Cuban insur gent8' lience we inter tne resolutions suoniutea in both houses of Congress, and the reported intention of the Committee on Foreign Rela tions of each body, are directed rather to the enlargement of our neutrality laws than to the concession of belligerent rights to the Cubans. On belligerent rights their claim is apparently not much better than was that of Jeff. Davis after Lincoln's proclamation of a blockade, and that is a matter of international law; but our neutrality is a matter sub jeot to the action of Congress. The law of 1818 hts become threadbare and liable to such one-sided mis conceptions as those of Mr. Fish. It needs amendment, and sucn amendment as will admit of no misconstruction. We believe that the Committee of Foreign Affairs of the House, of which General Banks is chairrn . . is disposed to act faithfully on this Cuban business, in accord with the uni versal public sentiment of the country; and we are assured that the Committee on Foreign Relations of the Senate, of which Mr. Sumner is chairman, is satisfied that they must not in this business tnlle any longer witn public opinion, we nope, However, tnat ueneral Banks and the llouse will lead on, because that body, in being nearer the people than the Ken ate, in nearer the mark ol "manliest destiny;" and we want a resolution from the immediate representatives of the people nrst, because we want to wake up the administra tion. It has already been asleep too long, and should be permitted to sleep no longer. A FOOLISH SCHEME. From the X. Y. Tribune. There is one cardinal error at the founda tion of all Government telegraph schemes, and it is this: Uovernment has no concern with what the private citizen can do without Government aid. Experience shows that the machinery of any government, when applied to the common concerns of life, is cumber some and wasteful. A man is atft to spend his own money, and squander tnat or other peo pie. If Mr. A. T. Stewart had built our new Court House for his private business, he would have spent about one-fifth of what Mr, l weed has squandered as Supervisor. We have no doubt Mr. Tweed would have done the same thing if he had been erecting a house on his own account. We can under stand how a Government should aid new en terprises, railways and telegraphs in unsettled countries, where capital wisely spent will add to the nation s wealth and prosperity. Thus, we have always found that railway land grants increased the value of Government lands. The construction of the Pacific Rail way has no doubt added to the nation's ca pacity i or taxation nve times as mucn as we epent for subsidies. At a time wnen staiosmansnip begins to consider the wisdom of abandoning the Post Office and submitting the mails to private competition, we are asked to assume the whole telegraph system, and do as a Govern ment what is done already by private com. panies. Mr. Hubbard of Boston ia the champion of the new policy, and Mr. benator Ramsey is his representative. Mr. Hub bard s bill proposes to combine both govern ment credit and private capital, lie proposes to destroy an telegraphic interests by esta bushing under our Post Office Department a system wnicn wiu paralyze all existing .com panies by underselling them in service. It placeB all telegraph property at the mercy of tne umiea otutes . r.ostal Telegraph Com pany. xt maKes no provision and oilers no inducements for improvements in tolegraphio service, it seems 10 provide for a large re duction in tolls, but in truth leaves the new company without any restraint whatever in its charges for all business passing over i -.J 'I'knoit it, ,ll....l .1. . . to wiioo, Auiu) in ia ucuiureu mat me rates bhall be twenty-five cents for all messages of twenty woros or less, including aate, address, and signature, sent a distauce of 5o) miles and at night the same rate when sent 1000 miles. . As very few messages are ever sent more than 500 miles at night, and as all lines charge hall rates for night service anyhow, this provision in tact amounts to an morease of charge upon night business. There is also a provision that the payment of extra tolls will secure what is callud "priority of trans mission." This would be a vicious principle. The rulo now is, "First come, first served." Mr. Hubbard would doclare, "Tha largest pay, first served." Under auch a rule, no business man could have any assurance that Lis business would be attended to, and he could have no advantage in promptitude or expeditions servioe. Such a provision would destroy all fairness and impartiality. It is even a grave objection that there la no opportunity for competition between th new line and line now existing.. The Gov ernment makes a contract at fix ml rate, rates Ligbor than are now chargod. It would bo at least fair to ask proposals from the present companies and accept the lowest bid. This is not done, and, worse still, no attempt is made to advance telegraphic science. The bill merely provides for equipping the line with good instruments. ny not me best J Telegraphy is a science still in its infancy, and, if the Government really means to do this work, it should opon the door to some of tbe new inventions that promise to inorease the value and expedition of - this servioe. The bill would purchase all lines now in operation. Why not purchaso one of the patents which promise great value? Why allow Mr. Hubbard to charge $S00 and $200 a mile for wire, when tho bast wires in the conn- try can be bought for ana ijsiu a mile? Whv. in rendering an acconnt of its expendi tures, simply gives its "construction account," and no schedule of salaries and incidental working expenses? What principle governs newspnper chargos? We have a schedule of rates based upon tne tanns oi me western Union Company, with special rates to the Associated Press. As a member of the Asso ciated Press, we appreoiato of course this proposed dispensation, but at the same time we do not ask for any special legislation for our benefit. We can do without it. The As sociated Press simply wants to be treated like any other customer, and does not appreciate being made a lever to push along any scheme like that of Mr. senator Katnsey. Finally, and this embraces the whole ques tion, the principle of Mr. Ramsey s bill ia radically wrong. We have shown ita mischief in detail, even supposing that there existed a neoessity for the proposed legislation. Gene ral Washburn's bill is bad enough, but the General would take the English plan, which is open and honorable, makes the whela ser vice responsible to the people, and recognizes vested rights so tor as to pay telegraphic com panies for the money they have expended in establishing their business, benator Ramsey, on the contrary, crystallizes into a monopoly a business as great as our postal system. It creates vested rights which, in the end, must be purchased at large cost by the publio money. It permits Mr. Hubbard to exact greater tolls than other responsible compa nies would in time be willing to charge for similar service. It commits the Uovernment directly to a system which will be extrava gant, foolish, and ruinous. We oannot tole rate such a scheme, especially at a time when we are doing all we can to pay old debts without contracting new ones. The bill is partial, unjust, and unnecessary, and we hope to see it swept into tho sepulohre of dead legislation. DOWN WITH THE RING. From the N. Y. World. Horace Greeley was once in a position where it was within his sole competency to give to the . people of New York city an honest and capable city government. He preferred to be a partisan rather than a good citizen. It is within his competency to assist greatly the effort of the Democratic masses here to throw off the domination of the ring. He prefers to be a partisan rather than a good citizen. Therefore he calum niates honest Democrats now, and within a week will be writing comparative praise of the ring. It would be very easy for us to ask trouble some questions of Mr. Ureeley concerning his share in the Pennsylvania protectionists corruption fund, his sharo in the city adver tising which has stopped the 1 rtoune s mouth more than once, and his share in the con tracts for the new City Post Office which one day he pronounced "a wart on the end of a man s nose in its present site, and shortly after advocated through thick and thin for 'reasons of more pecuniary purport;" but all this we shall scrupulously refrain from doing, not only for the honor of our profes sion, in which he is a veteran, but also be- canse, so far aa the World is concerned, this content for the self-government of New York city ana its Honest ana frugal self-government shall not be dwarfed to the dimensions of a personal encounter, or a fight of factions, by the manner in which Mr. Greeley, the to earn xns wages. It is surhcient to say, and we regret to say it, though we have foreseen that it would soon have to be said, that Mr. Greeley is lending some of bis influence, and, as the content waxes hotter, will shortly be lending all xns lnllucnce, to tne thieves of tne nn whom for a dozen years it has been his stoc in trade to denounce. It is sufficient to find his motive for this in the mere partisanship wnlcn pret ers JNew lori city to be cor ruptly governed, since it is certain to be gov eraed by Democrats, rather than Honestly and frugally governed, since that would be fatal to the itepubiican party in the state, and lm peril its ascendancy in the union. In tms mere unscrupulous partisanship he will find no following, save among partisans unscrupulous as himself. Good citizens will not stiller themselves thus to be led astray, As they are good citizens, they will support with their voices and their votes the men who vindicate themselves against all his asper sions by the nature ana character of what they propose for the city, benators Uenet and Norton, by tbe resoln tions which they introduced in the Senate on wetinesany, wincn are luiiy reportea in innrsduy s world, but are garbled or con cealed from the readers of Ihursday s l nbuiie. have done more in one day thun Mr. Greeley has done in twenty-five years to get geod government for this city. It does not lie in ma mouth to proclaim their interior civic virtue. If, when 't - vtas impossible to over throw the ring because tho 'J rtoune and its partv ruling in tho State divided places and spoils with the ring, they then made no assault upon its gigantic corruptions, what politician is pure enough to pitch a stone ? Most reiormera begin by sharing the errors which it is their mission to overthrow. Bat the Tribune would vilify Luther for not earlier starting the Reformation, though earner it muse nave failed. These Senators, and those men in the Senate and the Assembly who co-operate with them, represent the wishes of the honest De mocrats pf this city. They deserve the sup port of every good citizen, whatever his party. Their integrity and their sincerity cannot be impeached with ancoess; for it is daily vindicated by the heavy blows they are dealing to the ring; their resistance to the cnarter which would perpetuate the power of iue nng; meir persibient unearthing of the" corruptions or the ring; their avowed and picaged purpose to put into tha hands of tho people a fatal weapon against all future rings namely, a . charter under which this city government can be levolrrtionijsed by tho people's votes in one elootion; CAUTION TO INVESTORS' ftf STOCKS. From the V. Y. Sun. ' ' i.' . Within the past few years innumerable ooropunics have been formed ander the genew ral manufacturing law of this State, not only for the transaction of busi-jeaa within tha State, but for the purpose of carrying on all sorts of operations in other and remote locali ties. Many of the petroleum companies, for instance, operating in Pennsylvania, are in corporated under our State law, as well as most if not all of the silver and gold mining companies of Montana, Nevada, and even Calilornia. The Mariposa Mining Company, with its capital of $10,000,000, is a corpora tion of this kind, and so are many other con cerns whose Bhares are daily bought and sold in Wall street. It would be well for persona owning shares in this class of companies, or who may be in tending to buy them, to be reminded of a frovision in the act under which thoy are ncorporated, imposing a serious personal liability upon individual stockholders. Sec tion 18 of the act reads thus: "The stockholders of any company orenniapd under the provisions of this ant shall be jointly and ri-vi rally Individually liable for nil debts that iimv be due and owing to an tneir laborer, servants. and apprentices for services performed tor such cor poration." The liability, it will be observed, ia for money due ,to "laborers, servants, and ap prentices. J.ne words are sufficiently com prehensive to embrace every person em ployed by such corporations; and in the case of mining and petroleum companies, which require the services of a great number of men, they take in nearly all the debts suoh companies are likely to incur. Now, in gene ral, "laborers, servants, and apprentices' will not work very long without getting their nay, bo that wnen tne company a money gives out its debt for wages does not increase much. But cases may be readily imagined in which tne arrears tr wages may accumu late; and when they do, they may become a serious claim against any unlucky share holder who may be singled out for the opera tion ot tne law. lie ia individually liable, and has no alternative but to pay, and trust to legal process to make his fellow stock holders reimburse him their shares. The workmen may be induced by promises to keep on for a considerable time, and when at last they lose all confidence and quit the company's employmant, some speculator may buy np their claims at a low figure and proceed to collect them as the law allows. It might thus happen that the owner of single share of stocK would beimade to pay a thou sands of dollars, and be praotically remediless. SPECIAL NOTIOE8. BfSy- IIELMBOLD 8 EXTRACT BUCHU AND Imphovzb Rork Wash caret all delioate disorder! in au weir Biases, at little expense, little or no change In diet, and no inoonvenience. It ie nleaaant in baits and oflor, immediate in it action, ana ire irom all injurious properties. l i PHILADELPHIA AND READING RAIL ROAD CO., Offloe, No. 837 S. FOURTH Street. Pbiluburia, Deo. 82, 1869. DIVIDEND NOTICE. Tha Transfer Booka of tha Company will be closed oa r KID AT, tbe 81st instant, and reopened on TUKBDAY January 11, 1870. A dividend of FIVE PER CENT, haa been declared en tbe Preferred and Common Stock, clear of National and State taxes, payable in OA Sri. on and after January 17, 1870, to tbe holders thereof aa they shall stand registered on the booka of the Company on tbe 81st Instant. All payable-at this offioe. All orders for dividend mnst be witnessed and stamped, 8. BRADFORD, 18 23 (Kit Treasurer. ass-, HELMBOLii 8 CONCENTRATED EX TRACT BUOHD is the Great Diuretic. Hki.m- bold'h Concentrated Kxtuaot Barhaparuxa ia tbe Great Blood further. Both are prepared according to rules of Pharmacy and Chemistry, and are the most aotlre that can be made. 1st "ESll Jf??Jg5E Ives health and vlcor to tha frame and bloom to the pallid cbeek. Debility I aooompanied by many alarming symptoms, and, if no treatment iasubmitted to. consumption, insanity, or epileptic ma ensue. I IB 5y THE PARIIAM 8EVVTNG MAGHINE Company's New Family Sewing Machines are most emphatically pronounced to be that great desideratum so long and anxiously looked for. in whioh all tbe essential ot a penect mscuins are oommnoa. 1 Wo. 704 CHEBNUT Street. tfi?- ENFEEBLED AND DELICATE CON- m :,iu. na 1. ... v. 1 1 ir t n , t v t ma TRACT BUCHU. It will Hive brisk and anenratla feel. inga, ana enaDie yon to sleep well. I ill tf-v- QUEEN FIRE INSURANCE COMPANY, JAA1AV1 lii , r,nr UV14 CAPITAL. i-2.000.IKK. BABIMB. AUKN A DULLES. Ai l llTH and WALNUT Btreel TILE GLORY OF MAN 13 STRENGTH. Therefore the nervous and debilitated abould im mediately use uitMBoura kxtuaot huchu. 1 !M iST COLD WEATHER DOES NOT CHAP CONATKU ULYCJKR1NK TABLET OF SOLIDIFIKD vr ivuKuuu iu biiu ki vtir u.iujr tti-wivtiii o au GLVCKRINR. Its daily ns make the skin delicately soil ana dnduiu, bom Dy aii aruggista. Hi No. 824 OHKBNUT Street, K. A (i. A. W Klf.11 I . MANHOOD AND YOUTHFUL VIGOR are regainea oy ixnaJUAUXjiv o aaiajivi ilUOHU t MO flgf IIELMBOLD S FLUID EXTRACT BUOHU is pleasant in taste and odor, free from all injnriou. properties, and Immediate In its action. . i m tgy- DR. F. R. THOMAS, THE LATE OPE rator of the Colton Dental Association, is now the onto on. in Philadelphia who devotee his entire time and practice to extracting teet h, absolutely without pain, by irean nitrons oxide gaa. Umoe. 11 W ALK V I at. t i WW TAKE NO MORE UNPLEASANT AND unsafe remedies for unpleasant and dangerous dis ease Use H&XaUIOUJ'B EXXUACX BUCUO ANO IMPIIOVKD KOHK WaHH. 138 IffiT SHATTERED CONSTITUTIONS m 1 1 ( , I - ....... .. . . TI.......T RE- nnjimi uj 1 1 r.i.jn nvn.it a nil iiai l puvnu. liH FINANCIAL.. FIItST-CLASS SECURITY. WE OFFER FOR SALH $1, 0 0 0,000 Louisville and Nashville Railroad ' Tirst Mortgage Seven AT 87J, And Accrued Interest from October LENGTH OF EOAD 390 MILES. THB ROAD IB COMPLETED AND FULLY EQUIP PKI AT AN ACTUAL COST OF OVKtt 16,000,000, AND HAS PAID FROM T TO 8 PKB CENT. DIVI DRNDS ON ITS 8TOOK FOB THE I'AST EIUH TKAB& Tlio Honda are Coupon of $1000 iratlon. S 1,200,000 ot th Bond bava bsen sold already (on party talcinc $500,000 a a prmanent Investment), and w bv but $1,000,000 oa band, which w ofl.r to investors a I j FIRST-CLASS SECURITY, DREXEL & CO., Wo. 31 Soutl. THIRD Street, S 7 tMp PHILADELPHIA. WINES. L,T,Z CURRANT WINE. ALBERT O. ROBERTS, Sealer in every Description of Flue Groceries, nn Ooraar ELEVENTH and VIBE BtrMit. finanoIau. IV 13 V 1 O -A- TV. City of Allegheny Six Per Cents, FREE or STATE TAX. We are offering a limited amount of this Loan At SO rcr Cent, and Accrued Interest. Tne Interest Is payable first days of Janaary and July, In Philadelphia, FREB OF 8 TATS TAX. We recommend thm aa an unquestionable se curity for Investment. The debt of Allegheny City being comparatlrely mall, the security offered Is equal to that of tbe City of Philadelphia, the difference to price making them a fery desirable and cheap security. WE PAINTER & CO., Hankers and Dealers In Govern ment Securities, No. 36 South THIRD Street, 1 86 3m PHILADELPHIA. gANKIR U HOUSE o JAY COOKE & CO., Nos. lia and 1141 8. TIIIKO St., PHILADELPHIA. Dealera In Government Beanrtttej Old 5-soa Wanted in Exchange for New- A Liberal Different allowed. Compound Interest Notes Wanted. Interest Allowed on Deposits. COLLECTIONS MADS. STOCKS bought and told on Commission. Special business, accommodations reserved for ladles. We will receive applications for Policies of Life Insurance In the National Lire Insurance Company of the United States. Full information given at our omce. 1 1 sm JOHN 8. RU8HTON & CO., No. 60 SOUTH THIRD STREET. JANUARY COUPONS WANTED. CITY WARRANTS IB 8ffl BOUGHT AWD SOLD. E LLIOTT DUMIV, BANKERS, I No. 109 SOUTH TIIIRD STREET, DEALERS IN ALL GOVERNMENT SECURI TIES, GOLD BILLS, ETC. DRAW BILLS OF EXCHANGE AND ISSUE COMMERCIAL LETTERS OF CREDIT ON THB UNION BANS OF LONDON. ISSUE TRAVELLERS' LETTERS OF CREDIT ON LONDON AND PARIS, available LbxougHoat Will collect all Coupon aad Interest free of ottarea for parties making tneir flnanntai ajrajurementa wiin ns. ir P. 8. PETERSON ft CO., STOCK BROKERS, No. 30 goutU X1IIR1 Street. ADVANCES MADS ON GOOD PAPER. ' COLLATERAL Most complete facilities for CoHecUuf Maturing Country Obligations at low cost. INTEREST ALLOWED ON DEPOSITS. 1 16 J) B B X E JL. St, C O., No. 34 SOUTH TIIIRD STREET, American and Foreiim ISSUE DRAFTS AND CIRCULAR LETTERS 09 CREDIT available oa presentation la any part of Europe, i Travellers can make all their financial arrange. Bents through ns, and we will collect their Interest and dividends without charge. Drkxbx, Wduhbof A Co..DauiL, Eabjxs Co., New York. 'I Paris. sl FINANfolAt-J X PACIFIC RAILROAD btlT) y. (OF M1S50 Six Per Cent. Gold Bonds. WeofTsrforssle Ihe small rmainln unsold nnrtinn nf the KIHST MOHTOAGK 81 X PjlR uknt. . LOAN of 97,000.000 ot tbe above road, roar millions of the Issue bare been sold to Investor in Germany, and ' i ta.too 000 in this oountrr. 1 be mad ran. fross Hi ,. EH3 miles, ernes the Bute of Mi.sourt. to the Kansas State Line; there oonneot In with made extending over four hundred mile further wait. The cross amine of the road for the year endis Feb. 28, ItttfO, were. ..,077 W0 ' .' Operating expense , I a&a G6t '' Netearnlnrs '., Sjt.llgssg Tbe interest on tbe entire loan is 40lR) in coid. ' Tbe 'lYustees nnrinr lha mnriff.M -r- if a nrrrif- POCK, President Continental National Bank ; ,f A M KH PLNNKTT, President Bank of America, and LUl'liKU O.J LARK, of OLARK. IIU1M1K A UU. The gross earninas per mile for the past year wer about tll.Wiu, and are coining steadily. 1 tie road is finished, hss no complications with other Paeitle Roads, (and its aarnin. omr mile ara jnnr. una nearly any W as turn road. The Uonds are as safe aa any in tbe market. Price JIO and accrued Interest in eurrensr. Oonnon Datable rebroary and August. Prinoipal mature in itwu. The coupon, are free from Uovernment tax. whioh ia maid br tbe company. Bona, can be registered at the Bank of Amerloa. CLARK, DODGE & CO., HKW YORK. Thia I nan arwa ! mnid In 1flfl an I ttuta --a . annAjvut retained by the oompany to pay off an old mortgage (tbe Dresden mortgage), at prises ranging from W to Bar and interest. Owing t the present low prioe of all other railroad bonds, as well aa sold, the prioe ha been rtduoedto 90 -and interest, at whioh we offer a limited amount. '1 he earmnsa of the road tor tha month nf Jump. INTO. , show a handsome inorease over the aa-ae period last year. ' . rt eoonaiaerinsae rwnaa a nrst4)iasa ana entirely re liable Investment, bsing a First Mortgage on a Finished nsiiroaxt, running tbrousn the centre of the ftte of . Misaonri. snd now earn ins more than double tha interest on It.Oebt. Uovernment Bond reoeived In exobanxe at market ratea. - I tor further particular apply to E. W. CLARK & CO., BANKERS AND BROKERS, . No. 33 South TIIIKI Street, tlTttrp PHILADELPHIA. CITY WARRANTS Bought and Sold. DE HAYEN & BEO., No. 40 South THIRD Street. I Ui PHILADELPHIA. QUiiNDIIWING, IAY1S Sc CO., No. 43 SOUTH THIRD STREET, ' PHILADELPHIA, GLENDINNING, DAVIS AMORT, No. 17 WALL STREET. NEW YORK. BANKERS AND BROKERS. Baying and. selling Stocks, Bonds, and .Gold oa Commlsalon a Specialty. Philadelphia nouse connected by telegrapalo with the Stock Boards and Gold Room of New York. U B. E. JAMISON & CO., SUCCESSORS TO 17. F. KELLY to CO., BANKERS AND DEALERS IN Gold, Silver, and Government Bonds, At Closest Market Bates, N. W. Cor. THIKD and CHESHTJT Sti. Special attention given to COMMISSION ORDERS In New York and Philadelphia Stock Boards, etc. etc lMf C 1 T Y W A R R A W T 8 BOUGHT AND SOLD. C. T. YERKE8. Jr.. A CO. KO. 20 SOUTH THIRD BTfcEBitY r ' PHILADELPHIA. D. C. WIHRTON SMITH & CO., i BANKERS AND BROKERS, Ko. 121 SOUTH THIRD STREET. i . Successor to Smith, Eaidolph Oa. ", ', ' Krerf branch ot th basin will bar proopt uUa) Whrtohr. . . .. Quotations of Blocks, Gorsnunaata, aad OoU am. tantlr raolvd frost I?w York brprrsaM wfof, rVoa'Issjc ' friends. Edmund D. Randolph A Oa,
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