T1TE DAILY EVENINO TELEGRAPH PHILADELPHIA, TUESDAY, JANUARY 31, 1871.
S23
arxxiXT or sns runs a.
Editorial Opinions of the Leading Journals
pon Current Toplos Compiled Every
Day for the Evening Telegraph,
THE INCOME TAX.
From the K Y. Tribune.
The Bouse of Representatives long einoe
decided that the tax on certaiu incomes
should be abolished, bnt the Senate would
cot then concur. At length, the Senate votes
for repeal; when lo 1 the House kioks the
bill under its table on a red-tape assumption
that the Senate has no right to originate a
bill effecting the revenue! This is so
absurd that forty precedents would not suf
fice to render it plausible. The Federal Con
stitution Bays:
Art. 1, sec. 7. "All bills for raUinn revtnm shall
originate In the House ef Representatives;"
bat this is not a bill "for raising revenue;"
and there is no other clause whereon the as
sumption of the House can be based. The
pretense is as unreasonable as its oonsequenoe
is deplorable.
Secretary Boutwell is reported aa having
said that the income tax can be collected for
half a million dollars. We trust that he has
said nothing of the sort; for such an estimate
must contemplate a most Imperfect perform
ance of the official duties expressly required
by this act. There are not less than ten mil
lions of men and single women living in the
United States. How are the assessors to
know that any of these have not an income
of $2000? Crippled, squalid beggars have at
length been discovered to have been
capitalists; misers shiver in rags and famish
on crusts when they actually roll in
wealth. To exeoute this law
thoroughly, every man and single woman
in the country should be served with an in
come blank, compelled to fill it up, be ques
tioned concerning their means, and obliged
to swear to their return, with a caution that
they would be fined and prosecuted for per
jury if they paltered with their consciences.
Were this done once, the tax would not sur
vive the odium thus excited. ' It stands now,
simply because not half, even, of the million
who ought to pay are ever asked to do so.
They chuckle at the thought that others are
made to pay while they are exempted; and
this is all the basis there is for pronouncing
the income tax popular. It is taxation by
guess and taxation on honesty; hence those
who are not guessed worth 2000 per annum
and those whom a tax of $10,000 per ounce
on honesty would not require to pay more
than sixpence unite in shouting, "Keep on
the income tax I"
We trust it will yet be abolished at this
session. It is inquisitorial, unequal, oppres
sive. If it were faithfully enforced, it would
cost in blanks and their service a large por
tion of its proceeds. It is a discouragement
to thrift. It tempts to concealment and eva
sion. It enables A. to poke his nose unwar
rantably into B.'s private affairs. It was re
vived last year in defiance of a distinct pledge
that there should be no more of it. But,
whether the movement for repeal Buoceeds or
fails, we are thankful td Commissioner Flea
sonton for his manly, earnest, effective advo
cacy of the right.
THE PACIFIC ItAILHOAD AND THE
GOVERNMENT.
From the N. Y. Times.
"When a man is down, kick him," seems
to be the maxim acted upon in many quarters
in regard to the Facifio Railroad, since the
obligation of the companies, in the matter of
interest upon the Government loan, became
a subject of newspaper controversy. Positive
judgments are pronounced, with a con
temptuous indifference to facts. The claim
urged by Mr. Boutwell against the com
panies is made a pretext for assailing their
stockholders and managers generally, and
for setting tip a standard of criticism
covering their entire history and manage
ment. They are assumed to be at fault
in respect of the repayment of interest to
the Government, and harsh measures
are demanded for the enforcement of the
view put forward by Mr. Boutwell. All this
is wrong, because in advance of ony dooision
by a tribunal competent to pronouuce au
thoritatively upon the point in dispute.
Whether, as the companies allege, they are
bound meanwhile to repay the Government
to the extent of only half the earnings of the
road on account of the Government servioe,
with an addition of, at least, five per cent, of
the net earnings of the road after it Khali
have been aocepted as complete, or whether,
as the Secretary asserts, the Government is
entitled to retain all the earnings of the
character described, and to recover at once
any sum that may be due on acoount of inte
rest, is really a question of law, and one that
may be judicially settled. We may have
our own idea of the case, but, after all, its
final adjudication rests with the oourts, not
with politicians or newspapers. A contract
exists by the terms of which both parties
must abide. And the nature and scope of
these terms are regulated by the letter of the
law under which the road was constructed,
with Buch light as may have been shed
npon it during the discussion') in Congress
pending its passage. The Senate Judi
ciary Committee and the House Appropria
tion Committee both have this aspect
of the subject under consideration;
and the conclusions they may respectively
arrive at will very properly influence the
action of Congress npon the propositions
before it. Until these conclusions are known,
there is neither generosity nor justice in the
attempts that are being made to prejudge
tbe question by appeals to popular prejudice.
The country desires only what is right, aud
tue oourts may be relied upon, as a last re
sort, to guard from wrong the publio inte
rest. That should be enough to show the
impropriety of introducing mere clamor as
an element in tue case.
Equally unfair is the assumption of a tone
utuob.treatHitnel'acmo Railroad as a oomnion
place project, and the companies that own it
as enemies of the publio. The building of
Buch a road now seems an easyjtask. We see
it in operation and imagine that they who
speait oi aimoumes encountered in ltd con
struction are guilty of exaggeration. The
faot remains, however, that the road as it
stands is a monument of skill, enterprise.
enersv, and sacacity which has no parallel on
the continent. It was undertaken aa a na
tional work, and has amply vindicated the
policy which fostered it liberally with national
aid. Traversing a wilderness destitute of the
commonest materials required for iu con
struction, it was built far in advance of civi
lization, amid drawbacks and risks that would
have deterred ordinary men. Finished, too,
in one-third of the time allowed by
law, it has not only opened the heart of the
continent to settlement, and made available
vast mineral resources, but has reduced very
lareelv the transportation expenditures of
the Government, and contributed greatly to
the solution of ite Indian problem. These
considerations ought not to be allowed to
take the place of law in determining the
obligation of the companies, bnt oertainly
they are reasons for approaching the subjeot
in a friendly spirit, and for rejeoting harsh
counsels as unwarranted and unjust. The
duty of Congress as between the Treasury
and the railroad is to protect publio interests.
But the performance of this duty does not
imply hostility to the companies or forgetful-
ness of the service whioh, with all their
faults, they have rendered the country.
REVOLUTIONS IN FRANCE SINCE 1789
THE EXAMPLE OF 1814.
From, the If. Y. Herald.
Since the year 1789 France has periodically
proved herself to be the focus of European
revolution. The revolution of 1789, which
was rather held in check than brought to a
close by the establishment of the Consulate in
1799 and by tbe establishment oi tne empire
in 1804. not only completely changed the char
acter of France, but convulsed Europe and
cave birth to ideas which at intervals, more
or less regular, have found expression in the
political upheaving of the continent. The
establishment of tne empire was not less a
revolution than was tbe destruction of the
monarchy. The restoration of the monarchy
in 1814; the downfall of Charles tbe Tenth in
1830 and the accession to power of Louis
Philippe; the fall of Louis rnilippe and the
proclamation of tne republic in 1848; the
covp a etal of 18ol, followed, as it waB, by
the re-establishment of the empire in 1352
these mark the great changes whioh have
taken place in France since tbe commence
ment of the great revolution.
Among all those revolutionary changes the
only parallel to that which now exists is that
of 1814. Then, as now, the foot of the in
vader was on French soil. Then, as now,
Paris had surrendered and France was pros
trate. Then, as now, hundreds of thousands
of armed invaders were quartered in and
around the unhappy city. The question
raised by the allies immediately after the oc
cupation was witn whom they should treat in
arranging a peaoe. Xhe Lmperor Alexander,
who was the mouthpiece of the allied.
sovereigns, at a meeting held in the house of
M. Talleyrand. where were the
leading members of the Senate and
the most distinguished characters in
the French capital, stated that three
courses were open to them to treat with Na
poleon, to establish a regency, or to reoall the
House oi .bourbon, l ranee could have her
choice. Talleyrand rose and said that the first
two projects were inadmissible, as the peaoe
oi JMiropo could not be considered safe with
Napoleon or any of his dynasty on ths throne
of France. The third was the only course
which would be generally acceptable to the
French people. On being questioned by the
Emperor Alexander as to how he proposed to
arrive at his object, Talleyrand replied that he
would answer tor tne senate, and that their
example would be speedily followed by the
wnoie jerencn people, un tne 1st of April
the benate assembled at the call of M. T alley-
rand ana appointed a provisional government.
. ... -
un tne following day (April 2) the Senate
formally dethroned Napoleon. The Corps Le-
gisiaut, wmcn nau also been convened, en
dorsed the action of the Senate. In the
course of a protracted sitting which com
menced on tne evening of the 5th and lasted
till seven o'clock in the morning of the fith
tne (senate agreed to call .Louis XVlil to the
throne. On the 3d of May Lonis, by the cate
of St. Denis, entered Paris; and amid scenes
of joyous excitement such as have seldom
been witnessed the King took possession of
the nails of his ancestors.
What is particularly interesting to us now
is that tne allied sovereigns and their repre
sentatives recognized and treated with the
Senate and Corps Legislatif. They accepted
and dealt with the constituted authorities as
they found them. The peculiarity of the
situation to-day is that King William has
two governments to deal with. There is a
government de facto a government self
constituted, with which he has had no
choice but treat in the matter of the sur
render. There is also the government de
jure a government legally constituted,
and, so far as election goes, formally repre
sentative of the French people. King Wil
liam, we may rest assured, will not reoognize
tne revolutionary (government. The ques
tion now is whether ne will convene and ne
gotiate with the Senate and Corps Legislatif,
or whether he will convoke a general assem
bly. It is more than likely that he will fol
low the example of 1814, thus recognizing
the properly constituted authorities, and yet
leaving France free to decide upon a form of
government. At prosent, so far as we can
tee, the choice lies between the regency of
the Empress and the restoration of the house
of Orleans.
THE DIPLOMATIC SERVICE.
From the A Y. World.
The consular and diplomatic appropriation
for the coming year, lately submitted to the
House, amounts to $1,438,347. The actual
expenditure under this head last year was
$1,490, 7 70 "25. These sums are both in gold.
There is no branch in the publio service so
universally conceded to be in incompetent
bands as this, in ail important posts the ad
ministration finds it necessary to replace ono
unsatisfactory Minister with another equally
futile every six months. The Ministers to
the second-class powers furnish targets for
the eat ire and scorn of tourists. And the
function of the consuls, American commerce
having been driven from the sea by protec
tive legislation, mainly consists in aoting as
amateur detectives in behalf of the New
York Custom House.
The salaries of these functionaries is in
proportion to their work. The establish
ments of our ministers at such capitals as
London, Paris, St. Petersburg, Berlin,
Vienna, and Madrid are entirely beneath the
dignity of their positions and of the nation
which they represent. The British ministers
are liberally paid, as they mostly deserve, in
every case lar above tne American standard,
and the whole diplomatic and consular ser
vice is both far better done and far better
paid than our own.
And yet the total cost of maintaining our
own inefficient and shabby service is greater
by $-;00,OO0 than the cost of maintaining the
fffioient and impressive service of Great
Britain. Considering the results of the ex
penditure this seems incredible. But the
official figures sustain it. The amount of the
diplomatic salaries and pensions (the latter an
unknown expense in our system) for the year
1808 was 174,053 Is. 4d., or in our moaey
&870.2C5. England pays high salaries where
she looks for important services. We pay
wretched salaries to the oooupants of the
positions of highest trust. She has able, ac
complished, and experienced men in all her
Important diplomatic posts. We have men
almost always inexperienced, and whose
ability and accomplishment, if suoh they
possess, are a matter of sheer luck, and not at
all of necessity or prevision. And yet our
1 republican simplicity costs 70 per cent, more
than her aristocrats samptnofiity. Deoidedly
tne dipiomatio and consular service needs
looking into. -
TnE rURITY OF ELECTIONS.
From the Albany Journal
The appearance of Governor noffman in
the role of an eleotion-purist is a singular and
reiresning speotacie. it stimulates tne grati
fying hope that he may yet propose the repeal
of the infamous Erie swindle, to whioh he
gave life and being, it excites a new sensa
tion of delight at the possibility that he may
yet suggest the reform of the Tammany Gov
ernment, with which he has been so closely
identified. What may not be expeoted indeed
from one who is capable of Buoh surprises?
When a Democratic Governor so far emanci
pates himself from all the associations and
traditions of his party, as to propose a mea
sure against corruptions at elections, it means
either the dawn of the political millennium or
nothing at all!
In view of the past career and notorious
character of the Democratic party, the mes
sage of his Excellency is probably inspired
by the desire to redeem it, if possible, from
some of the odium of election frauds. The
party is covered all over with the leprosy of
corruption, bribery and outrage the Gov
ernor would doubtless be glad to hide its
putrid blotches and fetid taint under the
cloak of speoious professions. It is every
where known as the party of election crimes
the Governor would doubtless like some
thing which should serve as a counterpoise
to these truthful and damaging charges. But
novel as is the spectacle, and suspioious as
are its undercurrents, we gladly hail it for all
it is worth. We heartily welcome any acces
sion to the ranks of those who would purify
tbe ballot.
We shall give a sincere and cordial support
to any proposition, come from what source it
may, which shall be designed and calculated
to lift our elections above the corruptions
and frauds which now distinguish them. The
Governor points out what is unquestionably
a great evil. To arrest bribery at eleotions,
to cbeck tbe prodigal use of money and the
common purchase of votes, would be a grand
reform. Governor Hoffman has made a pro
position which, whether efficacious or not,
looks in that direction. If he and his friends
sincerely mean reform, if they really desire
to purify our elections, they will not want
for support from Republicans.
But it cannot fail to strike every intelligent
man that this Governor Hoffman who now
talks so finely about the importance of puri
fying elections is the same Governor Hoff
man who, in his annual message, vehemently
denounced a measure already in existence for
the purification of the bnllot-box. This is no
subject for Janus-faced conduct. A man
cannot be for pure elections and against pure
elections. Governor Hoffman condemns the
purchase of votes, and so far ho is right. But
does he not know that this is only one form
of corruption Does he not know that as
compared with some others, shameful as it is,
it is nevertheless the least objectionable? It
unquestionably prostitutes the ballot-box.
But it at least does not ddfy the popular will.
Governor Hoffman takes particular pains to
denounce tbe man who secures public place
by corrupting the electors.
But be has not a word to say against the
man who seoures public place by trampling
upon the expression of the people. For two
years he himself occupied the Executive
Chair by a tenure which rested solely upon
iraua. it u uoida the position now by a
more rightful title, it is only because the
people had become so habituated to the
reign of fraud and so impressed with the
hopelessness of any effort against its unlimi
ted resources that they made no serious at
tempt. Wherein is his position more honor
able when he gains his place through the
stuffing of ballot-boxes and the fraudulent
canvass of votes than the position of another
who gains his place by bribing the electors?
vve like uovernor Hon man s proposition,
we repeat, as far as it goes. But we insist
that he and his friends shall go farther, or
else confess that they are dealing only in
claptrap. They cannot impose upon the peo
ple with the pretense of desiring honest elec
tions while they uphold the unparalleled sys
tem of fraud with which their names are so
disgracefully associated. So long as they de
nounce tbe national law to protect the ballot
box, so long as they resist every effort
directed against repeating and false counting,
bo long as at this very moment they are con
templating the repeal of the Registry law for
the city of New lork, the role of election
reformers very poorly becomes them. We
are with them in every effort to check bribery
will they go with us in the effort to check
repeating? We are with them in the desire
to cut off venal voters will they go with us
in the desire to cut off illegal voters? We
are with them in the movement to get the
ballots honestly into the box will they go
with us in the movement to get the ballots
honestly counted after they are there? If
not, let them confess the hypocrisy of their
pretense about desiring pure elections.
GREELEY ON SUMNER.
From, tit St. LouU Republican.
Some antediluvian politician of Caldwell,
Ohio, who was doubtless a radiant abolition
ist before General Grant was known to fame,
having written to the New York Tribune that
"we of Ohio regard Charles buinner as tbe
probable successor of General Grant in
1873, that leading organ of radicalism
bluffs him off by not only reminding
him that it is too soon yet to talk of
the next Presidency, but by emitting the
shocking opinion that, if the Massachusetts
Senator "could only realize that another may
differ from him, yet not be totally de
praved, he would be a still greater man than
he is."
This most felicitous criticism hits the nail
on the head; and if the Tribune be correct in
describing the mental idiosyncrasy of Mr.
Summer, he is the true representative man of
the radical party, and ought to be its next
candidate for the Presidency. The very
essence of fanaticism is to believe in the
moral depravity of all who differ from its
supporters, and even, as in the case of Wil
son s eulogy of Stanton, argue that such de
pravity, when exhibited in its service, is vir
tue and patriotism combined. In this char
acteristic of radical parties in all ages politi
cal philosophy sees one of the principal rea
sons why in free governments it always leads
towards despotism.
Oliver Cromwell was the legitimate product
of the Puritan fanaticism which thought it
moral depravity to be a churchman or a
royalist. Jacobinism, the Puritanism of
French republicanism, paved the way for Na
poleon, and American fanatical radicalism
will fail to convert a President into a dicta
tor solely because Washington city is net a
Paris, this Union not a small island like Great
Britain, and our people better educated and
kept better informed of the doings of their
Government than were our ancestors under
tbe Stuarts or the French of the lust cen
tury. Still, with such warnings as the pro
posed election force bill, they should keep
wide awake.
INVORANOEi
Fire, inland, and Marine I Iniurance,
INSURANCE COMPANY
OP
NORTH AMERICA,
Incorporated 1704.
CAPITAL $500,000
ASSETS January, 1, 1871. .$3,050,536
Receipts of Premiums, TO $2,095,154
Intereits from Investments, 1370.. 187,060
-.33.20
Losses paid In 1970 f 1,130,941
STATEMENT OF THE ASSETS.
First Mortgages on 'Philadelphia City Pro
perty $334,90
United States Government Loans 8'i.9sa
Pennsylvania) State Loans 169,310
Philadelphia City Loans . 2U0,000
New Jersey and other State Loans and
City Bonds 825,510
Philadelphia and Reading Railroad Co.,
other Railroad Mortgage Bonds and
Loans 803.S45
Philadelphia Bank and other Stocks 62,436
Cash In Bank 281,049
Loans on Collateral Security 81.434
Notes receivable and Marine Premiums
unsettled 439,420
Accrned Interest and Premium la coarse
of transmission 83,801
Real estate, Office of the Company 8O.000
$3,050,530
Certiflcatesof Insurance Issued, payable In London
at the Counting House of Messrs. BR ;WN, SHIP
LEY & CO.
All! II I It Q. COFF1X,
PBE9IDENT.
CIIAIXLi: PLATT,
VICE-PRESIDENT.
MATTHIAS MARIS, Secretary.
V. II. REEVES. Assistant Secretary.
DIRECTORS.
ARTHUR G. COFFIN, FRANCIS R. COPE,
IS Am l fc.Li yv. JUJNJSS,
JOHN A. BROWN,
CHARLES TAYLOR,
AMBROSE WHITE,
WILLIAM WELSH,
JOHN MASON.
EI)W. H. TROTTER,
JJ.DVY. 3. UliAKftlS,
T.CHARLTON HENRY,
LOUIS C. MADEIRA,
CHAS. W. CUSHMAN,
CLEMENT A. GRISCOM,
GEORGE L. HARRISON,
WILLIAM BROCKIE.
I 83
1829 CUARTEK perpetual. igjQ
Fraatlin Fire Insurance Cupanj
OF PHILADELPHIA.
Office, Nos. 435 and437 0HESNUT St.
Assets Aug. I ,,70$3I009,888,24
CAPITAL $400,0000
ACCRUED SURPLUS AND PREMIUMS. 8,60lJ,8S3 124
INCOME FOR 1870, LOSSES PAID IN 1869,
lomneu paid since 1839 over
5.500,000
Perpetual and Temporary Policies on Libera!
Terms.
The Company also Issues policies upon the Renlf
or an kinas 01 uuuaings, urouna items, and Moif
ff A ETC S
The "FRANKLIN'' nas no DISPUTED CLAIM.
DIRECTORS.
Alfred G. Baker,
Airred ntier,
Thomas Sparks,
William B. Grant,
Thomas S. Ellis,
Gustavus S. Benson.
Samuel Grant,
George W. Richards,
Isaac Lea.
George Pales
ALFRED G. BAKER. President
GEORGE FALES, Vice-President
JAMES W. MCALLISTER, Secretary. 8 19
THEODORE M. REGER. Assistant Secretary.
Jji 1 R J ASSOCIATION
INCORPORATED MARCH IT, 1880.
OFFICE,
NO. 84 NORTH FIFTH STREET,
INSURE
BUILDINGS, HOUSEHOLD FURNITURE, ANi
MERCHANDISE GENERALLY
From Loss by fire (In the City of Philadelphia only)
ABKKTS.XJ ANUA11Y. 1. 1870, 1,37:),73 J
TRUSTEES.
William H. Hamilton,
John Carrow,
George I. Y oung,
Jos. R. LyndaU,
Levi P. Coats,
Charles P. Bower,
Jesse Llghtfoot
Robert Shoemaker,,
Peter Armbruster,
M. H. Dickinson,
Peter Williamson.
Samuel Spar hawk.
Joseph E. ScheU.
WM. H. HAMILTON, President
SAMUEL SPAR HAWK, Vice-President
WILLIAM F. BUTLER,
Secretary
rpUK PENNSYLVANIA FIRE INSURANCE
Incorporated 1886 Charter Pernetnal.
No. C10 WALNUT Street, opposite Independence
square.
This Company, favorably known to the comma
nlty for over forty years, continues to Insure against
loss or damage by tire on Public or Private Build
ings, either permanently or for a limited time. Also
on Furniture, stocks of Goods, and Merchandise
generally, on uoerai terms.
Their Capital, together with a large Surplus Fund.
Is Invested In the most careful manner, which ena
bles them to offer to tue insured an undoubted seen
nty in the case of loss.
DIKBVTOKB.
Daniel Smith, Jr
Isaac Hazlehurst,
Thomas Robins,
Thomas Smith,
Henry Lewis,
J. Gllllngham Fell,
Daniel Haddock.
John Devereux,
Franklin A. Co ml v.
DANIEL SMITH, Jb., President
WM. G. Chow ill, Secretary. 8 30
17 A M B INSURANCE COMPANY
JL
No. 809 CHESNUT Street
rxooaroaATBD isse. chartbh fukfktcaz.
CAPITAL $200,000.
FIRE INSURANCE EXCLUSIVELY.
Insurance against Loss or Damage by Fire either
Perpetual or Temporary Policies.
DLHKCTOK8.
Diaries Richardson,
Robert Pearce,
John Eessler, Jr.,
Edward B. Orne,
Charles Stokes.
John W. Everman.
Ua....I ......
wuiiam 11. nnawn,
William M. Seyfert,
John F. Smith,
Nathan Hllles.
George A. West.
k. IKDh I JILlilUCLIU UUdUJ,
CHARLES RICHARDSON. President
WILLIAM H. KHAWN, Vice-President
Williams L Blanchakd Secretary. 7 23
rfULB ENTERPRISE INSURANCE CO. OF
A rillLADKLl'IllA.
Office 8. W. cor. FOURTH and WALNUT Streets.
f IKE INSURANCE EXCLUSIVELY.
PERPETUAL. AND TERM POLICIES ISSUED.
CASH Capital (nald up In full) tmooo-oo
CASU Assets, Dusember 1, 18T0 gtX)0-3S8-24
IJiKEUiUKB.
F. Hatchford Starr,
J. Livingston Errtnger,
iNaiuru r razier,
John M. Alwood,
BenJ. T. Tredick.
George H. Stuart,
o uiucB 1 iiagnorn,
Wm. G. Bouiton,
Charles Wheeler,
Thomas U. Montaromer
joiiu u. iirown
James M. Aertsen.
V. HATCH FORD STARR, President
TnoMAs U. MONTGOMERY, Vice-President
ALEX. W. W1STER, Secretory.
JACOB E. PETERSON. Assistant Secretary.
T&IPERIAIi FXUK INSUI1ANOB CO.
TjOHDOH.
ESTABLISHED 180S.
F kid-Dp OtpiUl aad AooamnUUd Fonda,
08,000,000 IN GOLD,
PREVOST & TJERIUNQ, Agents,
.44 Ho. lot THJBJBU Philadelphia,
ouas. ac nrnvon oua& r. hmkkhui
insoranoe.
DELAWARE MUTUAL SAFETY INSKaNOE
COMPANY. Incorporated by tbe L?elsiatare
of Pennsylvania, 1358.
Ofllce S. E. oorncr of TniRD and WALNUT Streets,
f 11 11 hi ft ip ma.
MARINE INSURANCES
on Vessel!, Cargo, and Freight to all parts of the
world.
INLAND INSURANCES
on Goods by river, canal, lake, and land carrltgo to
ail parts ni mo union.
KIRK INSURANCES
on Merchandise generally; on Stores, Dwellings,
nouses, cio,
A8SETS OF THE COMPANY,
November 1, 1870.
$300,000 United States Six Per Cent
Loan (lawful mone)) $333,876 00
200,000 State of Pennsylvania Six Per
Cent Loan 814,000-00
200,000 City of Philadelphia Six Per
cent. Loan (exempt from
Tax) 804,162 0
lC4,0f 0 State of New Jersey Six Per
Cent. Loan 168,920-03
20,000 Pennsylvania Railroad First
Mortgae Six Per Ct Bonds. 80.T00 OO
26,000 Pennsylvania Rsnroad Second
Mortgage Six i'er Ct. Bonds. SS.SSOflO
85,000 Western Pennsylvania Rail
road Mortgage Six Per Cent.
Bonds (Pennsylvania Rail
road guarantee) 20,000-00
80,000 State of Tennecsee Five Per Ct
Loan 18,00000
7,000 State of Tennessee Six Per Ct.
Loan 4.80O-OO
12,600 PctmsilvaniA Railroad Com
pany (250 Shares Stock) lS.OOO-OO
5,000 North Pennsylvania Railroad
Company (100 Shares Stock) . . 4,300-00
iu,wu rniiaaeipniaanasouinern mail
Steamship Company (SO sh's
Stock) 4.000-00
201,650 Loans on Bond and Mortgage,
llrst Hens on City Properties..
861,650-00
$1,260,150 Par. C'Bt, $1,264,447-34. M'ktvT $1,893 57 00
iieai jisiaie 56, 0(H) 50
Bills Receivable for Insur
ances made 830,971-81
Balances aue ai Agencies
Premiums on Marine Policies
Accrued Interest and other
debts due the Company 93,37547
bkck ana ecnp, etc , or sun
dry corporations. $7950. esti
mated value 8,913-00
Cash 148,911-73
$1,820,787-97
DIRECTORS.
Thomas C. Hand, .Samuel B. Stokes,
John C. Davis.
William O. Bouiton.
Edmund A. Sondcr,
Joseph II. Seal,
James Traqualr,
Henry Sloan,
nenry C. Dallett, Jr.,;
James C. Hand,
William C. Ludwig,
Hugh Craig,
John D. Taylor,
George W. Bernadou,
Edward Darlington,
II. Jones Brooke,
Edward Lafourcs.de,
Jacob Rlegel,
Jacob P. Janes,
James B. McFarland,
Joshua P. Eyre,
Spencer Mcllvalne.
John B. Semple, Pittsb'rg,
a. n. larger, nttsourg,
D. T. Morgan, Pittsburg.
wm. c. Houston,
II. Fsank Robinson.
THOMAS C. HAND, President.
JOHN C. DAVIS, Vice-President.
Henry Lvlbukn, Secretary.
IIknry Ball, Assistant Secretary. 8111m
SHIPPINQ.
V NATIONAL STEAMSHIP f-p
i LINE. Steam to and from -fi ll
NEW YORK, LIVERPOOL, AND QUEENSTOWN.
Steamers sail WEDNESDAY, THURSDAY, and
Cabin, $75 and $05; Steerage. $13. Excursion
tickets, good for one year, liberally reduced. Per
sons sending for their friends can obtain tickets
(Steerage) for $38. Tickets to and from Londonderry
and Glasgow by this iavorlte route at the same low
currency rates.
Passengers booked to ant? rmm London, Paris,
HamburK, Havre. Bremen, etc.. at lowest rates.
Notk. The magultlccnt Ocean Steamships of this
line are among the largest in the world, and are
celebrated for speed, safety, and comfort.' Owing to
reduction, rates are now $15 lo Cabin and $1 In
steerage cheaper than other tlrst-clat,s lines.
For pnssiige, or bank drafts for any amount, paya
ble at sigrit in an parts or Great Hritain, ireiann,
Bud in principal cities or Norway, Sweeten, Denmark,
xruiKj:, -arjiuiauy, ami limy, nppiy w
WAL1.EH &, CO., Agents,
1 16 Xo. 204 WALSUT St., just above Second.
TIITT JTIVT TTTT A UTnrrxrn n xrrv
Itf X it, A 11 II I V LINK.
THROUGH FREIGHT AIR LINK TO THE S JUTU
AND WEST.
INCREASED FACILITIES AND REDUCED
RATES.
Steamers leave every WEDNESDAY and SATUR
DAY, at 18 o'clock noon, from FIliST WHARF
above market Street.
RETURNING, leave RICHMOND MONDAYS
and THURSDAYS, and NORFOLK TUESDAYS
and SATURDAYS.
No Bills of Lading signed after 12 o'clock on sail
idc navs.
THRoron RATES to all points In North and
South Carolina, via Seaboard Air Line Railroad,
connection at Portsmouth, and to Lvnchbunr. Va.
Tennessee, and the West, via Virginia and Tennes
see Air Line and Richmond and Danville Railroad
Freight HAHiiuu but onuk and taken at
LOW tit RATES THAN AI OTHElt LINE.
No charge for commission, dray age, or any ex
pense oi iranBier.
Steamships Insure at lowest rates. '
Freight received daily.
State Room accommodations for passengers.
WILLIAM P. CLYDE A CO.,
No. 12 S. WHARVES and Pier 1 N. WHARVES,
W. p. PORTER, Agent at Richmond and City
A li I II U
T. P. crowell t CO., Agents at Norfolk 61
FOR LIVERPOOL AND OUEENK,
1TOWN. The Iuman Line of Rural Mall
bteaiuers are appointed to snu as iouows:
City of London, Saturday, January '28. at 11 A. M.
citv of Antwerp. Saturday. Pb. 4. at 2 P. M.
City of Cork, via Hailfax. Tuesday, Feb. 7. at 1 P.M.
Cltv or Brooklyn, aiuraa7. t en. n. at 10 a. ai,
and each succeeding Saturday and alternate Tues
day, frem pier ro. 43 worm river.
' RATES OF PASSAGE
By Mail Steamer Sailing every Saturday.
Payable in gold. Payable In currency.
First Cabin $7B Steeraee $1
To Louden , 60 1 To London 8b
To Paris 90 To Paris as
To Halifax 20 1 To Halifax IB
Passengers also forwftrded to Autwerp, Rotter
dam, Sweden. Korway, uenmark, eta, at reduced
rates.
Tickets can be bought here at moderate rates by
persons wuninsr to Sena ror treir inenas.
For further Information apply at the company's
Ofllce.
JOHN G. DALE, Agent, No. 15 Broadway, N. Y. !
OrtoO'DtJJ.KL.L( rAULU, Agents,
6 5 No. 402 CUESN UT Street Philadelphia.
FOR NEW YORK
VIA DELAWARE AND RAR1TAN CANAL,
EXPRESS STEAMBOAT COMPANY.
The Steara;Prorellers of the Line will commence
loading oh tne mn nisr., leaving lMiiy as usual.
THROUGH IN TWENTY-FOUR HOURS.
Gco)s lorwarded by all the Hues going out of New
York North, hast, or w eHt, free of commission.
Freights received at low rates.
WILLIAM P. CLYDE A CO.. Agents,
No. 12 S. DELAWARE Avenue.
JAMES nAND. Agent,
No. U9 WALL Street, New York.
1 20
FOR NEW YOR
via Delaware ana Kantan canai.
u.iH EXPRESS STEAMBOAT COMPANY.
'i ne bieam Propellers of the line will cominenoo
loadintr on the 8th Instant, leaving dally as usual.
THROUGH IN TWENTY-FOUR HOURS'.
Goods forwarded by all the lines going on of Ne
York, North, East or West, free oi comnuaaion.
Freights received at low rates.
WILLIAM P. CLYDE A CO., Agenta,
No. 18 S. DELAWARE Avenue
JAMES nAND, Agent . Va.v .
No. 119 WALL Street Nw York. 8 4
DELAWARE AND CHESAPEAKE
STtfAM TuW-BOAT COMPANY.
li.ran, murari hutWAAn lMillntlplnhlA.
Balnmore, Havre-de-Grace, Delaware City, and
intermediate points.
WILLIAM P. CLYDE & CO., Agents.
CAPTAIN JOHN LAUGH LIN, Superintendent.
OKFIOE, No. 13 South WHaRVKS,
1 15 PHILADELPHIA.
rm DKL4WAHS AINU guMArHUli
vSTKAM TOWBOAT COMPANY.
i M . IlklU J
Baltimore, Havre-de-Grace, Delaware City, and In
termediate points.
VVILLIAK P. CLYDE k CO., Agent.
Captain JOHN LA UGH LIN, Superintendent
OUlce, No. Is Boatn VYUrfos PMladeftihia. U
HIPPINQ.
LORfLLARD 8TKAMSHLP UOMPASr
FOR WKW. YORK,
BAILING TUESDAY8, THURSDAYS, AND SAT
URDAYS AT NOON,
are now receiving freight at winter rates, oora
menelng December 88. All goods shipped on and
after this date will be charged as agreed upon by
the agents of this company.
INSURANCE ONE-EIGHTH OF ONE FER CENT.
No bill of lading or receipt signed for less than
fifty cents, and no Insurance effected for less thaa
one dollar premium.
For further particulars and rates apply at Com
pany's office, Pier 83 East river, New York, or to
JOHN F. OHL,
PIER 19 NORTH WHARVES.
N. i, -Extra rates on small packages Iron, metals.
etc 9 81
TUB REUULAR 8TEAMSUIPS ON THE PHI
LADELPHIA AND CHARLESTON STEAM
SHIP LINE are ALONE authorized to Issue through
ollls of lading to tatetlor points South and West la
connection with South Carolina Railroad Company.
ALH KB.U Lk I I liKK,
Vice-President So. C RR. 00.
w PHILADELPHIA AND SOUTITERN
kSLMAlL STEAMSHIP COMPANY'S KK.
Gl.LAK SEMI-MONTHLY LINE TO NEW OR-
LKANS, 4-a.
The YAZOO will sail for New Orleans, via Havana,
on Tuesday, February 7, at 8 A. M.
Tne juniata win sail rroui Mew Orleans, via
Havana, on Friday, February 8.
THROUGH BILLS OK LADING at as low ratea
as by any other route given to MOBILE, GALVES
TON. 1ND1ANOLA, KOCKPORT, LAVACOA, and
BRAZOS, and to all points on the Mississippi river
between New Orleans and St. Lonis. Red river
freights reshlpped at New Orleans without oharge
of oonimlsslonB.
WEEKLY LINE TO SAVANNAn, GA.
The WYOMING will sail for Savannah on Sat
urday, February 4, at 8 A. M.
The TONAWANDA will sail from Savannah on
Saturday, Febrnarv 4
THROUGH BILLS O LAD1NQ given to all the
principal towns In Georgia, Alabama, Florida, Mis
sissippi, Louisiana, Arkansas, and Tennessee in con
nection with the Central Railroad of Georgia, At
lantic and Gulf Uailroad, and Florida steamers, at
as low rates as by competing lines.
SEMI-MONTHLY LINE TO WILMINGTON, N. C.
The PIONEER will sail for Wilmington on Fri
day, Feoruary 10, at 6 A. M. Returning, will leave
Wilmington Friday, February 17.
Connects with the Cape Fear River Steamboat
Company, the Wilmington and Weldon and North
Carollua Railroads, and the Wilmington and Man
chester Railroad to all Interior points.
Freights for Columbia, S. C, and Augusta, Oa.,
taken via Wilmington at as low rates as by any
other route.
Insurance effected when requested by shippers.
Bills of lading signed at Queen street wharf on or
before day of sailing.
WILLIAM L. JAME3, General Agent,
61 No. 130 S. THIRD Street
PHILADELPHIA, RICHMOND,
AND
NORFOLK STEAMSHIP LINE.
THROUGH FREIGHT LINK TO THE SOUTH
AND W.EST.
INCREASED
FACILITIES AND
RATES FOR 1871.
REDUCED
Steamers leave every WEDNESDAY and SATUR
DAY, at 12 o'clock noon, from FlhST WHARF
above MARKET Street.
RETURNING, leave RICHMOND MONDAYS
and THURSDAYS, and NORFOLK TUESDAYS
and SATURDAYS.
No bills of Lading signed after 12 o'clock on sail
ing days.
THROUGH RATES to all points In North and
South Carolina, via Seaboard Air Line Railroad,
connecting at Portsmouth, and to Lynchburg, Va.,
Tennessee, and the West, via Virginia and Tennes
see Air Line and Richmond and Danville Railroad.
Freight HANDLED BUT ONCE, and taken at
LOWER RATES THAN ANY OTHER LINE.
No charge for commission, drayajre, or any ex
pen te of transfer.
Steamships insure at lowest rates.
Freight received dally.
State Room accommodations for passengers.
"WILLIAM P. CLYDE A CO.,
No. 12 S. WHARVES and Pier 1 N. WHARVKS.
W. P. PORTER, Agent at Richmond and City
Tolnt.
T. P. CROWELL & CO., Agents at Norfolk. 1 111
NEW
EXPRESS
TO
LINE
ALEXANDRIA, GEORGETOWN. AND WASH
INGTON, D. C, via CHESAPEAKE AND
DELAWARE CANAL,
with connections at Alexandria from the most direct
route for Lynchburg, Bristol, Knoxvllle, Nashville,
Dalton, and the fcouthwest.
Steamers leave regularly every Saturday at noon
from the first wharf above Market street.
Freight received daily.
WILLIAM P. CLYDE & CO.,
No. 14 North and South Wharves.
HYDE & TYLER. Agents, at Georgetown; M.
ELDR1 DOE 6l CO., Agents at Alexandria. 6 14
FOR NEW YORK, VIA DELAWARE
and Rarltan CanaL
(SWIFT SURE TRANSPORTATION
COMPANY.
DESPATCH AND 8WIFTSURE LINES,
Leaving dally at 12 M. and 61'. M.
Tbe steam propellers of this company will con)
Btence loading on the 8th of March.
Through in twenty-four hours.
Goods forwarded to any point free of commission
Freights taken on accommodating terms.
Apply to
WILLIAM M. BAIRD At CO., Agents,
4 No. 138 South DELAWARE Avenue.
NEW EXPRESS LINE TO ALBXAN
drla, Georgetown, and Waaaifcgtoa
D. G, via Chesapeake and Deware
Canal, with connections at Alexandria from tne
most direct route for Lynchburg, Bristol, Knoxvllle,
Nashville, Dalton, and the Southwest
Steamers leave regularly every Saturday at nooa
rom the first wharf above Market street
Freight received dally.
WILLIAM P. CLYDE CO..
No. 14 North and South WHARVES.
HYDE k TILER, Agents at Georgetown; aC.
ELDRiDGE A CO., Agents at Alexandria. 1
CARRIAGES.
ESTABLISHED 1853.
JOSEPH BECKHAUS,
No. 1204 F2ANKF0RD Avenue,
ABOVE GIRARD AVENUE,
Manufacturer of exclusively FIRST-CLASS
CA11RIAGES.
NEWEST STYLES.
Clarences, Landaus, Landauleties, Close Coaches,
ShlftliiK or. Coaches, Coupes, Baroucoed, Phietons,
RockBways, Etc., SUITABLE FOK PRIVATE
FAMILY and PUBLIC UsE. Workmanship and
finish second to none In the country.
Flte and varied stock on hand completed and In
the works. Orders receive prompt and personal at ,
tentlon. A 11 work warranted. li 81 8mr j
t- U R NA O E SE TO.
E8TADLI3HED 1025.
FRE, T. MSCKB. EL I, DIAJ
21. J. & CO.,
raAHUFACTURIZRS OP
Warm Air Furnaces
AMD
Coolxing- Ifcang-es,
Portable Heaters, Low Down Grates, Slate Man
Bath Boilers, Registers and Ventilators.
No. I I I North SEVENTH St.,
4 PHILADELPHIA. 9 21 thstu6mxp
JOBBING PROMPTLY ATTENDED TO.
OTTON SAIL DUCK AND CANVAS, OF ALj
numbers and brands. Tent, AwnLug, Trunk,
aud Wagon-oover Duck. Also, Paper Manufao.
tnrers' Drier Felts, from thirty to seventyaj
lnones, wiU Paulina, Belting, Sail Twine, etc
JOHN W. EVERMAN,
MO. 10 CHURL'U Street (Oil) bun eel