1 THE DAILY. EVENING TELEQIIAPII-PIIILADELPHIA, 8ATUDRAY, MAY 21, 1870. PUBLISHED EVEKT AFTERNOON (SUNDAYS MCEPTKD), AT THE EVENING TELEGRAPH BUILDING, No. 108 S. THIRD STREET, PHILADELPHIA. The Price is three cent per copy double sheet), or eighteen cents per week, payalm to the carrier by wiurm served. The subscription price by mail s Nine Dollars per annum, or One Dollar ana Fifty Cents for two months, invariably in advance for the time ordered. SATURDAY, MAY 21, 1870. TUB METnODIST 130 OK CONCERN Sons months ago considerable excitement vas caused by the announcement that certain "irregularities" had been discovered in the management of the great publishing establish ment known aa the Methodist Book Concern, and it was plainly charged that certain profits that ought to hare been devoted to the spread of religious information and instruc tion were diverted into the pockets of per sons coaneoted with the management of the Coaoern. A committee was appointed to investigate the matter, and in due time a ma jority report was presented that had a good deal of "whitewash" color about it, and that, without entering into an explanation of the facts that every Methodist in the country had a right to be informed upon, merely said the affairs of the Concern had been properly conducted, and that there were no causes for complaint. A minority of the committee, however, took a very different view of the Subject, and plainly expressed their opinion that there had been gross mismanagement, and that by every consideration of decency and justice a full and thorough investigation was demanded. The majority, however, managed to get their report aocepted by the conference, and the par ties implicated in the alleged "irregu larities," not content with this nomi nal exoulpatlon, commenced to perseoute those who instigated the investigation. Dr. Lanahan, the junior agent of the Book Con cern, who first exposed the aforesaid "irregu larities, "has been the special object of attaok. The "ring" who have had the control of the Concern, and who suooeeded in having their performances whitewashed, have now turned upon Dr. Lanahan with the intention of crushing him if possible; and at a secret meeting of the Book Committee, held on last Tuesday, charges were preferred against that gentleman on the ground that he has brought scandal upon the Church by his exposures. Dr. Lanahan is to be suspended from office while awaiting trial, which is apparently all that the "ring" wants. "We are accustomed to condemn the knavery and corruption that disgrace our politics, but what can we expect from poli ticians who do not profess to have con Bcienoes when such things as these are done by men who appear before the world as teach ers and preachers of the gospel, and who are the authorized representatives of one of the largest and most influential religious bodies in the country? All that these men say in their pulpits and every word of moral and religious instruction that is put before the world in their books are practically denied by their actions. Not only is every consideration of decency and justice violated, but religion is breught into contempt, and the moral influ ence of a great and popular religious denomi nation is injured to an extent that words can scaroely express. The Book Concern people may oust Dr. Lanahan, but that gentleman cannot be injured by any such absurd charge as has been bronght against him, and the at tempt to persecute him for doing his obvious duty can scaroely result otherwise than in causing a complete exposure of all the trans actions that the Book Concern "ring" are now endeavoring to cover up. FUNDING THE NATIONAL DEBT. The importance of reducing the annual burden of the national debt by a reduction of the rate of interest, as soon as this change can be justly and judiciously made, is univer sally recognized. The difference between six and four per cent, per annum on a debt of two thousand millions of dollars amounts to the snug sum of forty millions, and the people would gladly hail the reduction of national taxation, or of the principal of the debt, which could be effected by such an enormous Baving in one of the current ex penditures of the Government. The only points in dispute are whether such a reduc tion is practicable, and what Bteps Bhould be taken to secure it. The opponents of a Funding bill base their opposition solely on the details of this or that plan, and on doubts in regard to the readiness of American capi talists to accept less than sii per cent., and the desirability of locating or negotiating loans in foreign countries. We know, as a matter of fact, that the current gold value of our securities has increased so much during the last few years in the home as well as foreign markets, that if a similar im provement continued for a short time longer, and the loan was not subject to redemption at an early period, plenty of purchasers would be willing to pay for our bonds a price that would yield thtm less than four per cent, gold interest. An abundance of capital is being advanoed at this very moment, on less favorable terms, and exchanged for less Becure and less pro fitable stocks and bonds than a four per cent. American loan. While the rates of interest here are much higher than in Europe, we have many citizens for whom undoubted security and convenient payments possess irresistible attractions, and who would to-day prefer United States four per cent, bonds (if they could not be obtained oa any better terms) to any other investment. A large por tion of the debt will, under any circum stances, be held at home, for it has been so thoroughly popularized that many investors cannot be induced by the ordinary financial temptations to voluntarily seek other se au nties. For Europe the ruling rates of interest offer no obstacle whatever to a four per cent, loan that is considered perfectly safe. For a first cIshb security that percentage is above rather than below the prevailing standard. There is in this country, however, a prejudioe agninst the negotiation of national loans in foreign countries, which uniformly finds ex pression when projects calculated to attain this object are presented to the consideration of Congress, and a disposition, in some quarters, to resolutely oppose any attempt to reduoe the rate of interest whichis based on the co-operation of European money lenders. But the statement recently made to the Committee of Ways and Means by Mr. Charles Bowles, an American citizen, who is now connected with a prominent banking house in Paris, embraces a series of explana tions and propositions which, when they are fully understood, will do much to diminish, if not to destroy, this hostility. He assumes that nearly one thousand millions of our bonds are held in Europe, drawing six per cent, inte rest, and owned chiefly by bankers or large capitalists, who may at any moment be seized by a sudden whim to return a considerable portion of these bonds to the United States for Bale. The proposed change is not to in crease this foreign indebtedness, but to trans fer it to small holders, in fifty or one hundred dollar . bonds, bearing four instead of six per cent, interest. This change he declares to be per fectly practicable if proper legislation is adopted, and if the masses in France can be appealed to as directly as they were by Na poleon when he asked for a popular loan and received proffers of a great deal more money than he needed. It is alleged that if this transfer is effected, the indebtedness held abroad, instead of being an element of weak ness and a fruitful source of financial diffi culty and distrust, will become an element of strength by stimulating emigration. The purchaser of the hundred-dollar bond will naturally be anxious to increase his know ledge of the oountry which issued it; inquiry will satisfy him of the many advantages of America; and gradually the bonds will be returned to this country in the possession of owners seeking a new home on our hos pitable shores, and enriching the United States by their little hoards of capital as well as their labors. j rvoiESsOR Silliman'8 Lkctitrk and Illustration of the Vo Semite Valley, at the Academy of Music, on Monday evening, promises to be the most attrac tive exhibition of the season. By means or the camera and hydro-oxygen light he will display the magnificent beauties of that wonderful country as they really exist. The tickets are going rapidly, add a large house will greet the distinguished lecturer. The shining lights of the Presbyterian and Episco pal Conventions will be present In large numbers. RELIGIOUS NOTIOE3. fgy IN HONOR OF THE GENERAL ASSEMBLY OP TUE PRESBYTERIAN CHURCH. ORATORIO OF THE " MESSIAH " AT TDK ACADEMY OF MUSIC, TUESDAY EVENING, MAY 81, BT TBS HANDEL AND HAYDN SOCIETY. MISS II. M. ALEXANDER, Soprano. MISS ANTOINETTE STERLING, Contralto (of New York, Pupil of Madame Vlardot Garcia). MR. JACOB GRAF, Tenor. MR. II. R. BARNHURS r, Basso. MR. W. W. GILCHRIST, Basso. it ENLARGED CHORUS t FULL ORCHESTRA I CONDUCTOR PROF. L. ENGELKE For rhe sale of Tickets, etc., see Tuesday's papers. HALL YOUNG MEN'S CHRISTIAN ASSOCIATION. No. 1310 OBESNUT Street. Tb. Monthly Meeting of the Association will be held on next MOA DAY KV KNINW, t o'clock. Address bjr FKTEJl B. SIMONS. Eq. Subject : "The Present Condition of Christian Association .Work ia the South and West." An address by ReT. W. 0.' CURTIS, D. D., former President of Knox College. Queatio for diaouseion : "How Can We Beet Promote the Success of Association in Other Places 1"' , Recitations by 11KKUY V. McUULLY, Kaq. Vocal and Instrumental Music under the uireotion ef Professor JOHN HOW EH. Toe public aye invited. ' ' it- THE FORTY-SIXTH ANNIVERSARY of the AMERICAN SUNDAY SCHOOL UNION will be held at the ACADEMY OF MUalC on TUKM DAY EVENING. 24th instant, at 1 o'clock. Una. SCHUYLER OOLFAX will preside. Addresses may be expected from Key. J. H. Brookes, D. I)., of St. Louis: Hot. Cbarlea Edward Cheney, of Chicago; Rev. B. W. Cbidlaw, Superintendent ef Missions for Ohio and Indi ana, and others. Colonel 1). W. O. Moore will dirtct the tinging of a large cboir of young ladiea Tickets, with secured seats, twenty fie oents eaoh, may be bad at the Society's House. No. 1 121 Cbesnut street. 619 21 HUit 0T REV. TI1EO. CUTLER, D. D., OF Brooklyn, will preaoa Sabbath Morning, May 3), at 10 o'clock. Key. WM. A KNuT, D. u., of Glasgow. Scotland, delegate to the General Assembly from the old country, will preach Sabbath Kverinir, at 8 o'clock, at BETH A NY MISSION, TWENTTSEOONB and BAIN BRIDGE Street. A cordial invitation to all aad specially to Sootoh and IriHh Presbyterian. Sabbath School at 2V P. M. 6 80 it sgp NORTH PRESBYTERIAN CHURCH, SIXTH Street, above Green.-Rev. B. L. AG NEW will preach at 10H to-morrow (Sabbath) morning, and be installed PAbTOIt at 3 afternoon. Rev. A. M. JELLY. Moderator of Central Presbytery, rill preside: sermon by Rev. A. A. WILLlTS, 1. !.: an nharcee bv Rev. D. A. CUNNINGHAM and Rev. G. W. MUSGRAVE. i. P.. No evening eetvice. OXFORD PRESBYTERIAN CHURCH, "w BROAD and OXKOK.D Streets-Ker. FRANCIS L. ROBBINH.Paator. Rev. Dr. EDMUND, of London. Delegate of the United Presbyterian lAurch of Great Briuin to the General Assembly, will preach To-morrow at 10)4 A. M.. and Rev. Dr. HOWARD CROSBY, of New York, at , P. M. , rgy PENN SQUARE PRESBYTERIAN Church, BROAD Street, above OhMtiut. Preach ing at It 44 A. M. by Rev. UEORUB O. HECK MAN, 1). T . of Albany, and at 4 P. U. by Rev. Prof. W. G. BLAIK1E, of the Scotch Presbjtenan Delegation to the General Assembly. J. t&" CLINTON STREET CHURCH, TENTH Street, below Soruoe. The former Pastor of this Church will preach To-morrow Rev. JOEL PARKER I. D., atlotfA. M , and Rev. HENRY DARLING, D. p., at 8 P. M. All peraun cordially invited. THE FIRST PRESBYTERIAN CHURCH, WASHINGTON SquareRev. JAMES MoOOSH, ,9vfft,U-lwi!,J,r,n To-morrow, at IU A. M. ; Rev. JMIXIAM AKNOrr.of Edinburgh. Delexate from the FeeCbur'h of Scotland, at i r-.M.;and Rev. WILLIAM ADAMS, D D., of Madison Square Church. New York city, at P. M. ' jt- FOURTH BAPTIST CHURCH, FIFTH and BUTTON WOOD Street. Rev. JOHN PJf. I DI?t,'Al,.,,D' wlU lrb Tomorrow at 10) A. M. end i P. M. BQ- 8T. CLEMENT'S CHURCH, TVEN TIRTH and CHERRY Strega.-Service (choral, and sermon To morrow vtiaiu- at li o'clock. At lui service the seat will be free. RELIGIOUS NOTIOES. tQT WEST SPRUCE 8TREET CHURCH. 8E- " VKNTFF.NTH and BPKUCR Street. - Rev. W.O.MLAIEIE, D. D., Professor of Theology in the Free Church of mK land, will prrh To morrow, at A. M.. and Rev. HOWARD CH06BT. D. D , of New York, in the afternoon at 4 e'olofk. f&r CENTRAL PRESBYTERIAN CnURCH, N. L. N. K. corner FRANKLIN and THOMPSON Street Serrioeat IftH A. M. hy Rev. W A I,T W K (IL'RK, 1). p., of A Ibaoy ; at I P, M. by Rev. J, B. KENNEDY, D. D , of Trenton, N. J. Bahhath School at 2V P. M. tgf WEST ARCH STREET PRF.SBYTERIAN CHURCH, career of EIGHTEENTH and ARCH Street Rev. JOHN THOMSON. D. D., of Now York, will preach To-mormw at 10M A. M., and Rev. Prnfewor W. G. BLAIKIR. of Edinburgh, Deleaate from the Free Church of Beetland. at 8 P. M. ' tg? CENTRAL PRESBYTERIAN CHURCH, EIGHTH and CHERRY Street (Rev. A. REED, D. D.. Pastor). Rev. Dr. CROSBY, of New York, will preach to-morrow (Sabbath) morning at UM o'clock, and Rev. Dr. MACLEOD, Delegate from the United Pres byterisn Church of Bootland, in the evening at 8 o'olock. s- 8PRING GARDEN BAPTI3TCIIURCII, THIRTEENTH Street, above Wallaoe. Rev. L. P. HORNBEROVR, Pastor. Preaching To-morrow at 10 A.M. and 8 P.M. Sabbath Sohool at I P. M. BETH-EDEN BAPTIST CHURCH. rmOADand SPRUCE Street. Rev J. WHR ATON SMITH, I. I., will preach Sunday morning, and Rev. DANIEL O. EDDY, of Boston, in the evening. Strangers cordially invited, . ARCH STREET M. E. CHURCH, BROAD Street, below Arch. Preaching Snnday morning at lil snd evening at 7 ', o'clock, by the Pastor Rev. O. H. PAYNE. Stranger invited. WrS- TABERNACLE BAPTIST CHURCH, EIGHTEENTH and CHESNUT 8treeU.-Rev. WILLIAM U. SO HOFIEI.n will preach in the reom'ng at 10H, and Rev. CHARLES E. COOK in the evening at 8 o'clock. jt&- REV. JOS. McNULTY, OF WINONA, will preanb at North U. P. Church, MASTER Street, alwve Fifteenth, at 10 X A. M. I Rev. R. D. H ARPER, D. D., of Indianapolis, Vi P. M. AU are oor dially Invited. gy- CALVARY PRESBYTERIAN CHURCH, T.OOUST Street, above Fifteenth, Rev. Dr. HUM PHREY, Pastor. Service at 10H A. M. and 8 P. M. SPECIAL. NOTIOES. ftr adiHtiimal Bpteiat Sodom as cee AuMe Aiees. t&r MR. . WANAM AKER INVITES THE . 4 . COMMISSIONERS TO 1 HE ( GENERAL ASSEMBLY OF THB PRESBYTERIAN CHURCH, And the DELEGATES TO OTHER RELIGIOUS CONVENTIONS Now in session in our Oity, To visit hi FINEST CLOTHING ESTABLISHMENT, 818 and 820 CHESNUT STREET. ARTISTS'. FUND (Opposite U. 8. Mint). GALLERIES 8HERID AN'B RIDE. Great Life-aiz Painting, by the Poet-Artist, T. BUCHANAN READ, ( ON EXHIBITION at the above BKAUTrrrr, oallebich for a abort time, in conjunction with a collection of Painting by the aame Artist (the property of private citixen , and other choioa Work of Art. MR. J. B. ROBERTS will give a full deaoription of the incident, and read the Poem at 13 M. and 4 and P. M., daily. Admission 36 oents Open from 9 A. M. to 10 P. M. 6 81 7t CITY TREASURER'S OFFICE. Philadelphia, May II, 1870. Warrant registered to No. 4000 will be paid on Monday, May 23, 1870, at tbia office, bite rest eoaaing from that date. Warrant iasned in the year 1869 are payable, interest baving ceased as per previous notices. JOSEPH F. MAROER, It Oity Troaanrer. 1- ATWOOD'S GREAT LECTURE, MON DAY EVENING, May S3, at 8 o'olock, before tho Young Men's Lyceum. N. E. corner ot BROAD and ARCH Street.-A. WATSON ATWOOD, Esq , will de liver his popular leoture, "The Tower ot London and it Victim." Admittance 35 oenta. Seonred seats without extra charge. 1 21 2t tS" C. SAUNDERS' COLLEGE, W. PHILA. -Lecture. MONDAY EVENINGS. 4 25lm4p ' WINES. pU. LAVUEK, IMPORTER, Nob. 34 and 20 8. FirtU Street, Offer the following good at reasonable price: RHINE WINES, IN WOOD. (In package from t to 160 gall.) Vintage. ISM llabnheimer. -.. l-tio Bodenbeimer. lxi6 Oppet heimer. ' 1666 Nitersteiner. lHio Deideiheimer. Ifci6 r'orster Trauiner. Iki5 Liebfraumilch IxMS Bechtheiiner. VHM Mettenbeimei. Vinlmqt, 1HM Hahnheimer. 164 bodeuueiuier. lboii Bechtbeimer. 18iit Metieaheimer. Ibetf Hahnheimer. MKU, 18HS Biohtheiraer. 1H68 Guunersbeinior, 18o6 Oberingelheimsr. ISOtJ Dittelsbeimer. RHINE WIN EM, IN CASKS 1B09 uunnersneiuier. 1W6 Bodenbeimer, lMt Deidesheimer. Ibu6 Deidesheimer Hollander IHnA Zellertuslor. 18ii5 Pointer Traminer. leui Laebfrauuiilou. hr.u. 18X4 Bechtbeimer. lino Ooeringxlbeimer. lUiiy GunnarHheimer. . Bodeaheiuter. lXriS Hshnbeimer. latt Deidesbeimor. IHuS Niersteiner. IMA Habnbeitner. ItMio Niersteiner. lMtb OuMnhniniAr. 1666 Do Rollsnder. CLARET WINES, IN WOOD. (In cask ol aoout sixty gallons). BKANba.iiiUBU it) tuna, Bordeaux. I Margaui. Pauillao. Macau. . PauilUe. i St. Julien. Pontet Canet. Chateau La rose. IN CASE. ti Chateau Laflte. Chateau Maigauc Ueruiitage. UNDY. (In wood, or glass). HUNGARIAN. I Villanyer red. Bait. Tokay. KHKRRIK KS AND POUTS. Wisdom A Wastcu. Xere de la Krontera. IK) Sherry. I Burgundy Port. ID cherry I Oporto Port. Amontillado Sherry. I . t BLTER8 WATER. 1870 ia pkg. of 100 jug J 1H7 in pkgf. of 60 jug. CUAMPAGnKS. MotT A CuaMPON, lipernay. Verzenay, quart. Verienay, pints. Vn Inma.i.1 II II Vl I Dry Imperial, quarts. I Dry Imperial, pint. . ..-j.- , nnnnVirc Chart re ure, in bottle. Berlin Getreide Kuemmel, Anisette, in bottle. It iue Curacao, white, in jug. 1. 1 n a fnr.niiii rmA in illirH. in bottle. Maraechino, in jug. 1 . . . wkx, im w irtnnna wetachenwaaaer. Abaiutbe. Kirsobenwaaser, Hungarian. I Riviere, Gardrat Co.' Kirechenwaaaer, bob war-1 Coenao. . filler. I Jaa. Uennessy I Go.' do. Mayenee Beer, in bottle. I German Wine Vinegar. Vienna Beer, in bottlee. I German Sweet Oil, in oana. Particular atteution wlil be given to orders from private families. All good will be deuvered free of charge to any part of the city. It $3000 AND 13000 TO INVEST IN GROUND RENTS. Apply t Lt WIS 11. RKDNKR, Ko.7Jl WALNU1' Street. so at SUr.ir.1ER FABRICS FOR GEfJiLEMEfrS WEAR O L O SING OUT. L7ILUAU WILL REMOVE TO OUR NEW STORE, J Northwest Corner NINTH and MARKET Streets, 500 0 YARDS CROSSLEY'S CELEBRATED ENGLISH TAPESTRY BRUSSELS CARPETING S .A-t SI -SO IEIi YAKD. BODY BRUSSELS, $200, $3-35 ana $2-50. GOOD ITVOXV.IlV at &1-00 TV UPWARDS. R. L. 3 3 IVo. FURNINURE OOVERS, ETO. 3 L I P COVERS, For Furniture and for Carriages. Just opened, new assortment of elegant LINEN and other materials, at very low prices. COVBBS MADS IN BEST STYLE, AT LOWEST PRICES. Sheppard,YanIIarIingen & Arrison, No. 1008 CHESNUT STREET. REDUCED PRICES. Gauze Summer Blankets. A delightful article for the present and coming season. ALSO, NEW FRENCH LINEN CAR RIAGE LAP COVERS, A very desirable and handsome article. Sbeppard,Van Harlingen & Arrisou, No. 1008 CnESNUT STREET. ' TARLATANS, WETTING,"" AND OTHER MATERIALS FOR COVERING Chandeliers, Pictures, Mirrors, Etc.j AT EXTREMELY LOW PRICEa , Also, an Invoice of . . j Elegant Lace and Nottingham Curtains At a great redaction In price. ; ShcppardjTan Harlingen & Arrison, No. 1008 CHESNUT STREET. For Tea and Dessert Cloths. PLAID TURKEY RED Table Covering-, : Warranted Fast Colors, ' REDUCED FROM $10 TO fl PER YADD. fersons famishing gammer Residences, Hotels and boarding Booses In the country or at watering places will And these desirable goods. Sheppard,Van Harlingen & Arrison, No. 1008 CHESNUT STREET, 618 Wf3t4p PHILADELPHIA. 6EWINQ MACHINES. WHEELER & WILSON 9IAC1IICVE. For Bale on Easy Terms. KO. 114 CHESNUT STREET. 4 savtt PHILADELPHIA. GLASS AND QUEENSWARE. 1115 FC VINE STREET. MK8. K. ROWLIVD'H CHINA, GLAHS, AND QUKKN8WAEK H. 1U VIKK blKKKT. illlm T. Of ODGibA No. 34 South SECOND Street. , i FRENCH: BLACK DRAP D'ETE. FRENCH BLACK BIARRITZ. BLACK AND COLORED HABIT CLOTH CENUINE SCOTCH BANNOCKBURNS. LINEN DUCKS AND DRILLS. WHITE AND FICURED MARSEILLES, A8 SOON AS COMPLETED. KNICM1T ik POSITIVE SALE. FRANK SHERIDAN, No. 614 ARCH Street. Declining Business, his entire stock, including Mantel and Pier Mirrors. Paintings, Chro mosj Frames, Tables, Office Furni ture, Fixtures, Etc. Etc. Etc., ; WILL BE SOLD On lMLOTXXA.Y, HJCay 23, '" . 'I ! AT, 10 O'CLOCK A. ftX. B. SCOTT, Jr., Auctioneer. CHEAP DRY GOODS! C. H. pjRICK & CO., IVc. 45 IVoitli EIGHTH Street. BARCAIDS IN DRY GOODS. Will on Monday IM Down their Entire Stock of Dress Goods witl a view to close out every yard. i LOOK OUT FOR BARaAIN8. Como in the monings, if possible. O. tl. HAMRICK &c OO. EVE LflfJDELL, FOURTH AND ARCH S TS. Sea-side Quilts Sea-side Towellings, Sea-side .Shawl Arabs and Bedouins. Hotels, Families, ind Ladies ss a go., SON, STREET. CHEAP DRY GOODS! Supplied. 0 tl smv3k i h
Significant historical Pennsylvania newspapers