TIIE DAILY- EVENING TELEGRAPH PHILADELPHIA TUESDAY, JULY 19, 1870.
f
criaii or inn muss.
Editorial Opinions of the Leading Journals
uponCurrent Topics Compiled Every
Day for the Evening Telegraph.
EASTERN AND WESTERN POLITICIANS.
From the N. T. Times.
The Buffalo Express calls attention, and
with much lamentation, to the contrast pre
eented by the efforts of the people of Illi
nois to amend their Constitution and those
made by the unhappy citizens of New York
two years ago. The contrast is, indeed, suffi
ciently hnmiliatiag. We got our Constitu
tional Convention together with as muoh
fuss as the Illinois men, if not with more,
as our facilities of calling the attention of
mankind to our doings are far greater than
those of any Western State. We sent
to it as delegates a great many excel
lent and eminent men; bat it proved a
very helpless body. It could hardly
scree on anything: its reforms were of the
very mildeRt kind. Some of those who went
there, pledged to deliver the State from all
its evils, were found, on trial, to be afraid to
vote for any change whatever, and were in
deed apparently in doubt, all through the de
liberations, whether their souls were their
own. The Constitution they finally drew up
was considered, as a reform, as harmless as
new milk, It could not have hurt a com
munity of babes to have tried it But when
it was submitted to the people, it was found
that there was scarcely enough interest felt
to get a vote on it at all; and what interest
was felt in it appears to have belonged
mainly to those who were opposed to all
change. The judiciary clause, on which,
luckily, a separate vote was ordered, was
saved, but rather owing to the over-confidence
of its opponents than to the zeal of its
friends.
When we compare all this with the action
of Illinois, we can certainly hardly avoid the
conclusion that mental and moral vigor has
been following the march of empire, and that
the work of reform, like many other kinds of
work, is going to be better done in the Mis
sissippi Valley than on the Atlantio coast.
New York led the way in the great demo
cratic movement which resulted in the Con
stitution of 184G, under which we are now
living, and her example was followed by a
great many States. But what State would
follow her example now, or where is her
political action spoken of except as a
warning? Illinois was, perhaps, a year
ago laboring under as great a load of abuses
as any State in the Union. Its very vitals
were being eaten out by what are the
curses of ell States legislative corruption,
special legislation, and the granting of public
money in aid of private enterprises. It called
a Constitutional Convention, and sent good
men to it; and the debates, instead of being
a series of wrangles between tricky politi
cians, anxious about their "record," and so
excited about "the nigger" as to have little
time or attention for anything, or of orations
from "lofty enthusiasts," were marked by
good sense, shrewdness, reflection, a fore
sight and a wideness of information
such as have not been displayed in this
country on any similar occasion for
many a long day. Moreover, nobody was
afraid to touch things. Abuses were taken
np one after another, and subjected to radi
cal treatment. There are no half measures
in the entire Constitutiou. The experience
not only of the State, and of the other States,
but of all other nations, was turned to account,
and the result was a just law, whioh thus far
has no match. It is difficult to overestimate
the importance of one portion of the experi
mentthe minority representation clause.
Should it prove on . trial a success that is,
' should the political tricksters prove unable to
use it in the prosecution of . their trickery it
is safe to say it will bring in a new-eca in
American politics, and introduce into pnblio
life a class of men who are among the most
valuable in the community, and who now find
it impossible to get a nomination.
Now, the instrument was just such a one
as any average politician would have been
sure to tell us that the people would reject.
It was fall of innovations and new-fangled
notions; it offended a great many interests,
and ran counter to a great many prejudices,
and took from the hands of political mana
gers a great many dearly-loved tools. In any
State on the Eastern sea-board it would, we
venture to say, have been voted down, and it
would have taken only a very small vote to
do it, so great would have been the apathy
about it, er the fear of it. But the people of
Illinois went at it, and adopted it from top to
' bottom, minority representation and all, by
a large majority, and now bid defiance to all
classes of jobbers and swindlers at present in
existence.. New ones will doubles arise, but
we venture to say they have found their
match in Illinois,
We think ii would be difficult to overesti
mate the effect this will have on the people of
other States. It will do much to remove the
apathy as to reform which the doings of the
New York Constitutional Convention and of
the Massachusetts Legislature have of late
helped to spread over the East. A feeling
has grown up among us of late that the pro
cess of demoralization whioh our constitu
tions underwent in 1810, and the succeeding
years, was a kind of last appeal to the people,
and that this having failed, there was nothing
left for us but to pray; that there was no use
in trying to get the people to set things to
rights. Illinois has, we trust, dissipated that
delusion, and shown that in a democracy, as
well as under other forms of government
say, more readily than under other forms of
government thorough-going reform is pos
sible. It seems, too, as if the good beef and good
bread and good air of the Northwest were
making men better politicians, as well as
more energetio farmers and railroad men and
speculators. One can hardly help noticing
among the Eastern, as compared with the
Western men, a decrepid love of old ways
and a kind of servile fancy for well-established
abuses. Even Eastern radicals are
either weak and vapid in their extravagance,
or exhale their zeal in vituperation and bom
bast rather than in action. Let us be thank
ful that there is good rich blood forming
somewhere.
THE OPPORTUNITY OF TIIE UNITED
STATES.
From tJU X. T. Herald.
Our commerce should be just now the lead
ing subject of national attention. In the pro
bent juncture of the world's affairs there ap
pears the opportunity that, rightly improved,
might not only restore to us the maritime
strength that was swept away in our great
war, bat out of which also we might sea nr. a
start that wonld easily enable us to distanoo
within a few years every rival power. At this
moment there are twenty-six German
steamers carrying passengers between ports
In Europe and the United States. All these
must stop at the very mention of the presence
out6ide of a French cruiser. Sailing fro-n
this port alfio lire all the fpltndii bttaujerd of
the "Coropaguie Oenerale Transotlantique," !
and them must stop, for there is also a Prus
sian man-of-war not far away.
And this statement - of the case
with regard to the splendid passenger steam
ers, many of which also have a fine trade in
first-class freight, is the statement of the
whole case with regard . to French and Ger
man commerce. Each nation has naval
power enough to drive the mercantile marine
of the other from the Boas. What shall be
come of the numerous trade thus done and
of the great number of ships engaged in it
that are not fit for war, and ought not to rot
in blockaded ports? England already ' has
covetous eyes on this great trade, and in the
assumption "that business will fall to neu
tral flags" the Government is urged to remain
neutral despite every possible complication
that may arise.
British neutrality in this war will no doubt
result greatly to the advantage of the British
shipping trade, and for this reason alone
every nerve will be strained to keep Great
Britain ont of the Continental straggle.
Will this effort be successful? It is doubt
ful. Already we hear that neutrality will be
inconsistent with the honor of England if
the Low Countries seem to be in danger, and
this reference to the fact that England is one
of the powers that guarantee the independ
ence of Belgium is too plain for misconcep
tion. Again, we hear the intimation that
England morally stands behind Prussia, and
that any sign of failure on the part of the
latter power will draw England into the strug
gle. The very fact that these things are can
vassed renders the neutrality of English ships
uncertain, and so unsafe, and the probability
is tnat the United btates alone will have it
within its power to reap all the harvest of
this war. Indeed, this is a change that is
justly due us in the whirligig of time; for as
one war destroyed our commerce and built up
the maritime trade of some European ports
at our expense, it is but proper that another
war should build up our trade again at the
expense of the commerce of Europe.
Bat it is not only Irom tne effects of our
war that our commerce is prostrate. It was
stricken . down by the war; but it has been
kept down by the inconceivable folly of cer
tain of our laws laws like the compact with
Shylock framed to "protect" certain inte
rests, to give those interests their pound of
flesh, though this could only be done at the
expense of the whole body from which the
flesh must be cut. Before, therefore, war in
Europe can give us again that of which war
in America deprived us, we must first set
aside these most foolish, villanous, 1 pooket-
picking laws; tnese laws framed to enrich ten
men and starve ten thousand; laws which de
clare that this great nation shall own no ships
except it can make terms with Mr. Kelley, of
Pennsylvania, and a few more men of his
kidnev: laws onlv second in atrocitv ta thoaA
slave laws that the nation has recently torn
A. " 1 . 1 I" I 1 ' 1 J J 1 1 .
out oi us me at buch irignuui cose; laws
whose authors and supporters, if the slave
holder deserved all the opprobrium cast upon
him, should be stoned in the streets of every
city oi tne repuDiio.
The world has for not many generations seen
a more bewildering, confounding speotaole of
imbecility, of downright inability to com
prehend and grasp a simple thought, than that
shown by tne United btates Congress when
its attention was properly called to this sub
ject on Friday last. The President, by special
message, pointed out the opportunity, and
hinted at tne way we could improve it, but
his words fell on minds preoccupied with
another thought. What was this grand
thou eh t that Jen no room even for the dtodo
sition to erase the last great disadvantage left
by the war? It was the reflection of
every member that he had his ticket
in his pocket, that he had made up his mind
to go home, that he did not want to be
delayed and stop for the bother of any more
legislation, however imperatively necessary
for the interests of the nation; and in this
pitiful haste to get away, and for this puerile
reason, the Congress of the United States
turned a deaf ear to one of the most important
messages that ever came to it from the
Executive. Some members there were who
proposed a measure that might have covered
the case; but Mr. Kelley, of Fennsyl
vania, was there, standing, as one might
suppose, bludgeon in hand, determined
that the nearly lifeless body of Ameri
can commerce should not rise while he
could strike, and in the criminal indifference
of the mass of members to their duty he was
able to kill the proposition that was made.
Such, then, is the patriotism of the llepubli
can party, and such is the contrast between
its conduct in the presence of a real national
emergency and the ready attention it once
cave to the nigger and now civea to every
form of corrupt jobbery. Shall our opportu
nity pass Decause oi a recreant and imbecile
Congress, or must the Government study
means to evade the operation of oppressive
GERMAN SYMPATHIES IN AMERICA.
From the N. T. World.
A number of the most respectable German
residents of New York have called a meeting
oi their countrymen lor Wednesday evening
to express their sympathy with Prussia in the
great war now beginning. Nothing could be
more natural, or in many respeots more com.
mendable. The maxim that "blood is thicker
than water, though ouen honored, we are
sorry to say, rather in the breach than in the
observance by Americans of both sections
during our recent civil war, lies, after all
deep in the heart oi every vigorous aud re
spectable race of men. Indeed, a race whioh
does not feel it and live by it in all great
emergencies can hardly be vigorous, and
need not hope to be respectable. The
prompt and passionate way in which all
France, for example, from sea to sea, is even
now responding to it, must command the ad
miration even of her enemies; and it dotal
nates, as we see, in 1'russia, even the pro
round and righteous hostility of all that is
truly liberal and enlightened in that country
to the insolent and intolerant autocracy of
Jung wuuams uovernment. All Uermans
indeed, are not even nominally Prussians
but all Prussians are nominally Germans,
even to tne roies oi rosen, we suppose, and
the Danes of Holatein; so that sympathy
witn uermany may naturally enough seem to
Germans far removed from the sjeue of strife
necessarily to involve sympathy with Prussia.
Of course, no expression of such sympathy
can be rigidly interpreted to mean intelligent
approval either of the way in which Prussia has
attempted to Prussianize uermany by force
or of the recent diplomacy of the Iloheuzol
lerns beyond the Pyrenees. It is simply
loud God-speed, a ringing iloch, sent up by
Germans who honor their German fatherland
with love in the security of their cisatlantio
homes, to other Germans contending for life
and death with the hostile legions of France.
Our American residents in Europe used to
solace their souls in like manner with haarty
demonstrations at Tarn and London wb.il the
cannon were reverberating incessantly along
the Potomao and the Mississippi. Per
haps the -most -striking- manifestation
tf tLi. iiJitinct which . our time.
have Been was made by the Danes when
the overwhelming, armies of Germany fell
upon their little fortress-peninsula in 18(54.
Though it was clear from the first that such a
contest conld nave bnt one termination, no
matter how heroically Denmark might bear
herself, no sooner had the uneanal war begun
than from all parts of the world, the children
of the Vikings hurried home to take part in
it. From Australia and California, from
India and Peru, the Danes went .back to bat
tle. They left their new lives, their busy
hopes, their industries, their fortunes, and
carried all they had and all they were, to lay
it on the altars of their native land. Their
devotion was in vain, so far as its immediate
object was concerned. But it was none tne
less honorable in itself and quickening as an
example.
We nave no fear that in measurably l mi-
tatine this transcendent disnlav of patriotism
our German fellow-citizens will sees to make
their adopted home a party to a strife as to
the real scope and bearings of whioh not even
the Germans themselves can as yet pretend
to nave any very ciear ana positive convic
tions. It is all Tory well for Napoleon in his
address to his people to bid the world remem
ber that the "victors of Jena still survive."
So, too, do the victors of Waterloo.
But this is not the age of Jena or of
Waterloo. Not even in so great a war as we
now see opening before us can the existence
of a great btate like Prussia or like I ranee
be now put at stake. What the most bril
liant modern genius of Germany, Heine,
said of the "sunny-marble-face" of the first
Napoleon "those lips had but to whistle
and Prussia ceased to be" can never be said
again in our day. In the worst event to
Prussia of the present war, all that she would
have to fear would be displacement from her
present position at the head of imperfectly
united iermany. Granted the failure of the
Prussian experiment, now only four years
old, and who need, therefore, despair either
of the future of the German States, or of a
real, free, and harmonious German unity,
planned after another fashion, crystallizing
perchance around another central German
State ? Such a thing as an invasion and con
quest, or even an extravagant humiliation of
Germany, being quite out of the question,
our sympathizing Germans of the New
World can. afford to abstain from exaggerat
ing the significance of a conflict the mere pro
portion .of which it is indeed not easy at all
to exaggerate.
TIIE AMERICAN PRINCIPLES OF MARI
TIME WAR.
From the X. T. Tribune.
Duiing the present war between France
and Prussia three of the principal steamship
lines connecting America with Europe will
have to suspend their trips. If Great Britain
should be .drawn into the struggle, all the
steamers may be shut up in harbor. The
loss and inconvenience will not be confined
to the belligerents, bat will fall heavily upon
neutrals who have no concern in the war,
.and generally upon private persons. In the
operations ox armies most civilized nations
respect private property when it is not ne
cessary to seize it for military reasons; bat
on the sea many of the old barbarous cus
toms of a primitive era still prevail.
The United States have always endeavored
to soften the rules of maritime law, and
daring the present generation many of oar
principles respecting seizures and the rights
or neutrals nave been adopted by the
European nations. At the time of the Cri
mean war France and England waived their
right to confiscate an enemy's goods found
on board neutral vessels, and also neutrals'
goods not contraband of war found in
enemies' vessels. By the treaty of Paris in
185G, these principles were formally ratified
by Ureal Britain, .trance, Jfrussia, Austria,
bardima, Russia, and I nrkey, and privateer
ing was at the same time abolished among
the parties to the declaration. The United
States Government was asked to assent to this
agreement, and gave a ready approval to
all except the privateering clause; bat Mr.
Marcy, then Secretary of State, presented a
vvuu vvi-i vvgimvui at iwuj vy a Uvv
"will make all private property exempt from
capture at sea, we will cease privateering;
but why ask us to abolish it while you main
tain and send out your great ships of war,
whioh are neither more nor less than pnva-
teersr xney go iortn to do exactly the same
things as the ships that we license in time of
war to burn, plunder, and destroy." France,
Russia, and several other powers were dis-
Iiosed to accept this proposition; but Great
Iritain refused, and after some time negotia
tions were suspended.
A strong feeling had meanwhile been
aroused in the United States in relation to
the right of blockade, which we contended
ought to be restricted to naval arsenals and
towns which were at the same time besieged
by an army on land in other words, that a
blockade should be a strictly military opera
tion, and not an embargo upon trade. "We
must obtain the consent of the powerful
naval nations," wrote President Buchanan to
the New York Chamber of Commerce, "that
merchant vessels shall not be blockaded in
port, but be suffered to pass the blockading
squadron and go out to sea. Secretary Cass
in 1859 addressed a circular to the American
representatives at the European capitals, in.
structing them to negotiate for an agreement
on this basis; bat again our efforts for re
form were frustrated by the refusal of Great
Britain.
If our proposals had been adopted, France
and Prussia would have been Bpared the pre
sent suspension of their ocean steam lines,
end Great Britain would have no Alabama
claims to pay. There can be no more appro
priate time than this to re viva tha sub i act.
In the light of the last few years' experience
Great Britain may be inclined to take a dif
fer eut view of the matter, and we suggest
that General Grant should instruct Mr. Fre
linghuysen to broach the subject as soon as
he reaches London.
FIRE AND BURGLAR PROOF 8AFI
J. WATSON & SON,
Of the late firm of EVAN 8 A WATSON,
FIRE AND BURGLAR-PROOF
SAFE S T O It- IC,
No. 53 BOUTII FOURTH STREET,
v
I Sit - A few doors abov aesnat st, Philada,
. MEDIOAL. '
N
O C IT It 13. N O PA Y!
rOX'S UR1HP AND DIARRHOEA UIXTURS
has Droved itattlf to be tha auraai uid snaMiiaat remedf
for t ramps, Uiarrhuia, Dysentery, Llholera Morbus, are
iirat siaaresof Asiatic Oliolera. No family after bavinc
onoe tried it will be without it. Ask for Cox's Oram aud
Iiisrrbusa Wntu-e. nd take no other. KolaiatVAH
NALI.a CO'K. llh'KEN'fU and JiABJUtT Btreeta,
A VOID QUACKS. A
VICTIM OF EARLY IN.
iY discretion, causing nervous
decay, etc., having tried in vsiu every advertised re
meuy, awovrreu a simple means of ami -cure,
a nt.-n no win n rn nee 10 iiis leiiow-suilereni J. n.
JlLKVL So. JS tu&ii St., N..Y. City. 6 fe&UUUlM
n
FINANCIAL
Wilmington and Reading
Seven Per Cent. Donds.
FREE OF TAXES.
We are efrerlngr; $300,000 of the
Second fflortjgaige Ilondu ot
this Company
AT 82 AND ACCRUED INTEREST.
Foa the convenience of investors these Bonds are
Issued In denominations of
fl000, 500s, and 100s
The money la required for the purchase of addi
tional Rolling Stock and the full equipment of the
Road.
The receipts of the Company on the one-half of
the Road now being operated from Coatesvule to Wil
mington are about TEN THOUSAND DOLLARS per
month, which wlM be more than DOUBLED with the
opening of the other hair, over which the large Coa
Trade of the Road must come.
Only BIX MILES are now required to complete
the Rood to Blrdsboro, which will be finished by
the middle of the month.
WM. PAINTER & CO.,
BANKERS,
No. 36 South THIRD Street,
ee
PHILADELPHIA.
LE11IGII CONVERTIBLE
Per Cent. Pkt Mortgage Gold Loan,
Free from all Taxes.
W. offer for Ml. 1,760,000 of the Lehigh Ooal and Ravi
ration Company's now First Morta Six Per Cent. Gold
Bonds, free from all taxes. Interest do. March and Sep
tember, at
NINETY (90)
And interest In currency added to date of purchase.
These bonds are of a morteace loan of 12,000,000, dated
Ootober 6, 1803. They have twentj-flT (36) rears to ran,
and are oonvertibie into stock at par on til 1879. Principal
and interest payable in cold.
They are seonred by a ttrst mortgage on 6000 acres of
ooal lands in too Wyoming Valley, near Wilkesbarre, at
present prodnoing at the rate of 900,000 tons of ooal per
annnm, with works in progress whioh oontemplate a large
increase at an early period, and also upon valuable Real
Estate in this city.
A sinking fond of ten cents per ton a Don all ooal taken
from the mines for flye years, and of fifteen cents per ton
thereafter, is established, Qi The Fidelity Insurance,
Trust and Bate Deposit Company, the Trustees under the
mortgage, collect these sums and invest them la these
Bonds, agreeably to the provisions of the Trust.
For nil particulars copies of the mortgage, etc.. aDDly
to
(LIE BORER,
W. H. HKWBOLD. SON A AERTSE21
J AT OOOKK A CO..
DREXKL A OO.,
E. W. OLARK A OO.
7 11 Un
gEVEN PER CENT.
First Mortgage Bonds
or Tni ,
DanTille, Ilazleton, and Wilkes
barre Railroad Company,
At 05 and Accrued Interest
Clear of all Taxes.
INTEREST PAYABLE APRIL AND OCTOBER,
Persons wishing to male Investment are lnvlt
jo examine the merits of these BONDS.
Pamphlet supplied and fall Information given by
Sterling & Wildman,
FINANCIAL AGENTS,
No. 110 SOUTH THIRD STREET,
411 tf
PHILADELPHIA,
Government Bonds and other Securities taken In
exchange for the above at best market rates.
QIjXCTDINIVraCl, DAVIS fc CO.,
No. 48 SOUTH THIRD STREET,
PHILADELPHIA.
GLEND1NNING, DAVIS & AHORT,
No. 17 WALL STREET, NEW YORKJ
BANKERS AND BROKERS.
Receive deposits subject to check, allow Interest
on standing and temporary balances, and execute
orders promptly for the purchase and sale of
STOCKS, BONDS and GOLD, In either City.
Direct telegraph communication from Philadelphia
house to New York. l s
LL!OTT 4
BANKERS
No. 109 SOUTH THIRD STREET,
DEALERS IS ALL GOVERN KENT SECURI
TIES, GOLD BILLS, ETC
DRAW BELLS Of EXCHANGE AND ISSUE
COMMERCIAL LETTERS OP CREDIT ON THE
UNION BANK 07 LONDON.
ISSUE TRAVELLERS' LETTERS OP CREDIT
ON LONDON AND PARIS, available throughout
Europe.
Will collect all Coupons and Interest free of charge,
for parties making their financial arrangements
with us. (
B. K. JAMISOU & CO..
SUCCESSOR TO
I IT. KKLLY S& CO,
BANKERS AND DEALERa IN
Gold, Silver tvsd Ooverament Bond
At Clotieat Vliarket Uuies,
H. W. Gor. THIRD and CHE3NUT Sts.
Special attention gives to COMMISSION ORDERS
' New To on Pi!larte'ria gxs lianU etc
etc. t
MNANOIAU
A DESIRABLE
Safe Home Investment
THIS
Sunbury and Lewistown
Railroad Company
Ofler $11,300,000 Ilonds, bearing
7 Per Cent. Interest In Uold,
Secured by a
First and Only Mortgage.
The Bonds are issued in
$10009, t)500s and f 300s.
The Coupons are payable in the city of
Philadelphia on the first days of April and
October,
Free of State and United States
Taxes.
The price at present ia
90 and Accrued Interest in
Currency.
This Road, with Its connection with tha
Pennsylvania Railroad at Lewistown. brinon
the Anthracite Coal Fields 67 MILES nearer
the Western and Southwestern markets. "With
this advantage it will control that trade. The
Lumber Trade, and the immense and valuable
deposit of ores in this section, together with
the thickly peopled district thronerh whioh It
inns, will secure it a very large and profitable
trade.
WM, PAINTER & CO.,
BANKERS,
Dealers in Government Securities,
No. 36 South THIRD Street,
tX4p PHILADELPHIA.
Free from U. S. Taxes.
Eight Per Cent. Per Annum
in Gold.
A PEBFECTLY SAFE INVESTMENT.
First Mortgage Bonds
OF TDB ISSUE OF
$1.4300,000,
BY TEM
ST. JOSEPH AND DENVER
CITY RAILROAD CO.,
a-
Issued In denominations of $1000 and $500,
Coupon or Registered, payable in 30 years,
with Interest payable 15th August and 15th
February, In New York, London, or Frank
fort, free of tax. Secured by .a mortgage only
on a completed and highly prosperous road,
at the rate of $13,503-79 per mile. Earnings
in excess of its interest liabilities. This line
being the Middle Route, is pronounced the
Shortest and most Natural O no for
Freight and Passenger Traffic
Across the Continent. St.
Louis and Fort Kearney
Spanned by a Bail
way, and connect
ing with the Union
Paciflo at Fort
Kearney.
Capital Stock of the Company.. ..$10, 000, 000
Land Grant, pronounced value of 8,000,000
First Mortgage Bonds 1,500,000
$19,500,000
The remaining portion of this Loan now
for sale at l)7i and accrued Interest in our
rency. Can be had at the Company's Agen
cies in New York, TANNER & CO., Bank
era, No. 49 "WALL Street, or W. P. CON
VERSE & CO., No. 54 PINE Street
Pamphlets, Maps, and all information car
be obtained at either of the above-name
agencies.
The attention of Capitalists and Investors
is particularly invited to these Securities. We
are satisfied they are all that could be desired,
and unhesitatingly recommend them.
TAKNER & CO.,
FISCAL AGENTS,
No. 49 WALL STREET, NEW YORK.
W. P. CONVERSE & CO.,
COMMERCIAL AGENTS,
No. 54 PINE STREET,
Ptrrp NflW YORK.
It
8
A L B
Williamiport City 6 Per Cent Bands,
FREE O ALL TAXES.
ALSO,
Philadelphia and Darby Railroad 7
Per Cent Bonds,
Coupons payable by the Chesnat sad Walnut Streets
Railway Company.
These Bonds will be sold at a price which will
male tnem a very desirable Investment,
p. 8. PETERSON & CO..
No. 39 SOUTH THIRD STREET,
r-INANCIAL.,
JotCoqke&Ok
PHILADELPHIA, NEW YORK, AND
WASHINGTON,
BANKERS
aim
Dealers in Government Securities.
Bpeclal attention given to the Purchase and Bale of
Bonds and Blocks on Commission, at tne Board o
Broken In thla and other dtlea.
INTEREST ALLOWED ON DEPOSITS. '
COLLECTIONS MADE OH ALL POINTS.
GOLD AMD SILVER BOUGHT AND BOLD.
RELIABLE RAILROAD BONDS FOR INVEST
MENT. ramphlets and roll information given at oar omoe.
No. 1 14 S. THIRD Street,
PHILADELPHIA. 7 1 8ra
UNION PACIFIC RAILROAD CO.
Xand Grant Bonds
Are obligations of the UNION PACIFIC RAILROAD
COMPANY, secured by all the lands which they re
ceived from the Government, amointlng to about
12,000,000 acres.
The total amount of the land grant mortgage is
910,400,000.
Between July 28, 18C9, and Joly 1, 1670, the Union
Pacific Railroad Company sold 181,402 32-100 acres
for $634,091-03, being an average price of 4-W per
acre.
The Company have received (59 1 ,000 land grant
bonds In payment for land sold, and they have de
stroyed the $521,000 bonds, and have reduced the
amount of the bonds to that extent. The Union
Pacific Railroad hold obligations of settlers amount,
lng to $243,746 08, secured by the land purchased by
them, whlcH Is also pledged to the redemption of
the land grant bonds. Should the sales of land con
tinue as above, the whole issue of land grant bonds
will be retired and cancelled within ten (10) years.
The Union f aclflo Railroad land grant bonds pay
SEVEN PER CENT. INTEREST, April and October.
Ran for twenty (20) years. For sale at $7SS each.
DE HA YEN & BRO..
No. 40 South THIRD Street.
NOTICE.
TO TRUSTEES AND EXECUTORS.
The cheapest investment authorized by law are the
General Mortgage Bonds of the Penn
sylvania Railroad Company.
APPLY TO
D. C. WHARTON SMITH i CO.,
. BANKERS AND BROKEHS,
No. 121 SOUTH THIRD STREET,
PHILADELPHIA.
SI T-i "V EJ .Xt
FOE SALE.
C. T. TERKES. Jr., CO.,
BANKERS AND BROKERS,
No. 20 South THIRD Street.
PHILADELPHIA.
OTOCKS. LOAN
8,
B T C,
O BOUGHT AND SOLD
AT THE BOARD OP BROKERS,
BY GEORGE J. BOYD,
7 14 th8tn2m No. 18 8. THIRD Street.
ENOINE8, MACHINERY. ETQ.
PENN STEAM ENGINE AND BOILER
AOKK8. NEAFIK A LEVY, PRACTI
CAL AND THEORETICAL ENGINEERS. MA
CHINISTS, 1IOILKK-MAKERS, BLACKSMITHS,
ai d FOUNDERS, having for muny years been la
Buccepsfdl operation, and been exclusively engaged
in building aud repairing Marine and River Engines,
high and low pressure, Iron boiler, Water Tanks,
Propellers, etc. etc, respectfully oirvr their service,
to the public as being fully prepared to contract for
engines of all slzss, Marine, River, and Stationary;
having sets of patterns of ditl'eient sizes, are pre
pared to execute orders with quick despatch. Every
description of pattern-making made at tne shortest
notice. High ai.d Low Pressure Fine Tubular and
Cylinder Boilers of the best Pennsylvania Charcoal
Iron. Forcings of all size and kinds, iron and
Brass Castings of all descriptions. Roll Turning,
Screw Cutting, and all other work connected
with the above business.
Drawings end speclUcatKms for all work done at
the establishment tree of charge, and work gua
ranteed. The subscribers have ample wharf dock-room for
repairs of boat, where they can lie in perfect
safety, and are provided with shears, blocks, falls,
etc. etc.. for rsitlug heavy or light weight.
' JACOB O. NEAFIK,
JOHN P. LEVY,
S is BEACH and PALM EH Streets.
piRAKD IV BE WORKS AND IRON CO.,
JOHN IL MURPHY, President,
PHILADELPHIA, PA.
MANUFACTURE WROUUI1T-IRON PIPE'
and Sundries for Plumbers, Gas and Steam Fitters.
WORKS, TWENTY-THIRD and FILBERT Streets,
oniee and Warehouse,
4 1 'No. 43 N. FIFTH Street. -
. T. KASTOK. t. kf'MABOIf.
A m T O.f & M C 51 A 11 O If,
RBIft'lNQ AND COXitTSSlOJf MMUC'SA ft TS.
Mo. 8 OOKNT1K8 BLIP. M.w York,
ho. 18 SOUTH WHiKVKS, PhiUdoVbia,
No. 46 W. VKAVr lirwt, B&lUmor
W. sr. piiarwl to hu dMripuon of Krlght ta
PhiUeliiLi. N. Voik, V iliniutftuo. and iD'.ruiaditl.
toiul w.lb i itaic'oM. na dMiUih. C.a..l rKt aed
tsaui-lua-s iariaaUtttisl V stiutVvrt KtfUv . '
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