TIIE DAILr EVENING TELEGRAril PI1ILADELPITTA, WEDNESDAY, FEBRUARY 8, 1871. srxixxT or Txxn run a a. Editorial Opinion of the Leading Journal upon Current Toplos-CempHed Every Day for the Evening Telegraph, A NEW TATII TO THE PACIFIC OCEN. From the A'. .1". Tribune. It is pleasant to note that, while Europe trembles and quivers in the agonies of war and threatened wars, our American people are quietly pushing onr national enterprises in every direction. Trie triumph of Ameri can genins and skill in the development of our country's resources forms an enviable re cord in our national history. The building of the present Tacifio Railway was not only important and memorable, but has been a gain to the Government. It has been esti mated that the saving in transportation of troops, mails, and war materials, and the whole economy of the service, as com pared with the clumsy and expensive wagon and stage-coach methods, is great enough to compensate the Government for its subsidies and endowments in lands and bonds. This does not take into acoount the social and political advantages of con nected railway communication between the great commonwealths of the Atlantic and the Pacific. Our tar-seeing philosophers, who prophesy a division of the republic into minor republics, make no account in their calcula tions of the railways and telegraphs. There are material and indissoluble bonds of union. New York and San Francisco are as near in point of time as New York and Brooklyn , and as accessible as Boston and Savannah in the colonial days. Every road aoross the continent is another artery in the life of the Union. For these reasons material as well as po litical we are disposed to regard with a special favor the enterprise which has already been submitted to the people by Jay Cooke A Co., and which is known as the Northern Pacifio llailway. It iH not merely a railway enterprise, for it has a national value, and comes to ns with unusual support. Mr. Cooke himself is so well known in America and Europe from his success in the negotia tion of our war bonds, that his name has a prestige of uncommon value, and gives the bends a new assurance, if such could be needed, of their stability and solvency. It seems a large sum to raise this hun dred millions of dollars. It is no more stupendous and impossible than it was to place Mr. Chase's early loans, when Wall street frowned upon our credit, and compelled the Secretary to hunt for a pur chaser at every sacrifice. We have means enough to build this road and to spare, and the duty of accomplishing it is national and patriotic. The Northern Pacific as the scheme is presented by Mr. Cooke, proposes to rnn from Lake Superior to the Pacifio Ocean. It will traverse, for two thousand miles, Minnesota, Dakota, Montana, Idaho, Oregon, and Washington. It is en dowed with a land-grant of more than fifty millions of acres the most impe rial endowment ever bestowed upon any enterprise. The character of these lands may be easily inferred from our knowledge o the country. America has no fairer and richer acres than those of Montana and Idaho. It is the country cf timber and minerals of wheat bearing uores and streams. The temperature is mild so mild that the roses grow late in the winter in Oregon; the cattle roam over the hills in winter without shelter, while we read the other day that, while the snow had stopped travel between Rochester and Buffalo, there was a regatta on Lake Superior between the champion clubs of Dululh and its neigh boring town. The land-grant alone of this railway, if the lands be sold in the open market, acre by acre, for their value to settlers, after the road is constructed, would realize far more than the cost of the road. We see what a land grant of two and a half millions of acres in Illinois did for the Illinois Central. Already, that company has realized from its lands some twenty-four millions of dollars, and, before the whole grant is disposed of, the amount will probably reach thirty millions. It is not too much to estimate that a greater part, if not all, ofthese lands of the Northern Pacifio will be as valuable when they are put into market as the prairie-lands of Illinois. They are worthless without the railroad; with it, they are of great value. Regarding the Northern Pacifio as a na tional and patriotic enterprise, full of promise to the people, and opening these noble Terri tories to settlement, and a great step in our national progress, we wish Mr. Cooke every success in his negotiation, and the builders a speedy fulfillment of their grand undertaking. We need this road. British America wants it. The Dominion of the Ca cadas and the Bed lliver will gravitate more surely to annexation with the United States if their highway to the Pacifio is upon Ame rican soil. As an investment, the bond is drawn with unusual care, guaranteeing the fullest security to the holder, and becoming an investment as safe as any now offered to the people. And now let the road be built! Let the people take hold and build it, and assist Mr. Cooke in giving to the republio a new and important element of peace, pros perity, and union. GENERAL GRANT AND TIIE TREASURY. From the If. Y. UtraU. Under the feeble, deplorable, and disas trous administration of Buchanan the melan choly though amusing exhibition was made to congress of a message from the President timidly advooating a protective tariff, in the same bundle with the annual report from his Treasury Secretary, Cobb, boldly demanding the policy of free trade. The Southern oli garchy had taken possession of the adminis tration, had reduced the President to a mere automaton, and unresistingly they carried him, with the Government and the country, into the yawning abyss of the most sanguinary and stupendous civil war in human history. There was something of a similar Southern conspi racy attempted under the administration of stout old Andrew Jackson, but, "by the Eternal," he stamped it out without cere ' mony. Mark the oontrast between the honor and glory which belong to the name of Jack Bon and the ignominious failure and collapse of Buohanan. Of these two instructive ex amples which is to be the guide of President Grant the lightship provided for his safety, or the false lantern of the wrecker luring him Into the breakers on a lee shore ? Is this an impertinent nuestion? We ti.inlr not, but that, on the other band, it is Beison , ' able and appropriate, considering the want of aocord between General Grant and his ' Secretary of the Treasury on the financial Policy Of the administration. For Atamnln , It is well understood that the President favors a general reduction of our taxes, and the absolute repeal of the odious and super fluous income tax, while his Secretary, iu 1 both bouses of Cocgress, is working like a beaver to prevent any rednolion of the taxes, and is especially active in urging the necessity of the continuance of the obnoxious income tax. Nor can his argu ments be denied if his Treasury policy is to be continued under existing laws his policy of keeping on hand a surplus of gold of a hundred millions or more, and paper equiva lent to ten, twenty, or thirty additional mil lions, while reducing the principal of the na tional debt six, eight, ten, or twelve millions a month. But just here comes in the vital question to General Grant. Is this policy to be continued ? Mr. Boutwell says yes; but the American people say no! It 1b due to General Grant to remember, as we do remember, that the grand leading idea of his inaugural, a rapid redemption of the national debt, was at first well received by the people. They were bo well pleased with his presentation of the emallness of the debt compared with the amazing resources and wealtn-producing forces of the country, that they did not care to look behind this charming exhibit of their ability to rattle off the debt even at the rate of two or three hundred millions a year with out feeling it. The tax-gatherer, however present every where and with his severe exactions upon everything, from the spoon which feeds the baby, through all the incidents and aooidents of life, to the shovel which fills the grand father's grave, has spoiled this beautiful conceit of paying off our national debt during the living generation. It cannot be done with justice to the living or the dead, and the idea must be abandoned. In all the losses, crosses, trials, self-denials, sacrifices, and sufferings of our great war for the Union, and in the grand and glorious revolution of uni versal liberty and civil and political equality established in the Government, we who now bold the stage of aotion have done our share for posterity, even if we do no more. They, too the generations next to come must do their duty, a duty which must be given them, of meeting their share of this national debt, as but a small price for the preoious inherit ance which will be ours to give and theirs to enjoy. This is the new idea of the American people, and almost impercep tibly it has spread itself all over the land. General Grant is beginning so to un derstand it; but his financial secretary has the film of the old Bourbons over his eyes, and he forgets nothing and learns nothing. Our recent State elections and the convulsion which has shaken and is Bhaking Europe to its foundations have not in the least dis turbed him in his programme of maintaining our taxes in order to keep one hundred mil lions of idle gold in the Treasury, and to knock off one hundred millions a year from the principal of our heavy debt. We have bad enough of this folly. To per sist in it, with all the lights before him, will be the ruin of General Grant and his party, and fruitful, we fear, of heavy disasters to the country. But what would we have? Any one may tear down our existing financial sys tem as false and pernicious, but what would we build up in its place? We would abolish the notes of the national banks, upon whioh we pay interest to the extent ot twenty mil lions or more a year, and we would substi tute legal-tenders bearing no interest, and thus save this item of twenty odd millions. We would issue a new description of bonds,bearing tne interest, say ot 3 0i, or a cent a day on the dollar, and furnish these bonds to the national banks, if the present banking law is to be retained, in lieu of the present bonds; and we would make these bonds under cer tain restrictions redeemable at every sub treasury on sight. We would reduce the idle gold in the Treasury to a reserved fund of not more than twenty or thirty millions. We would abolish the income tax absolutely, and so far prune and cut away our other taxes of the internal revenue and tariff schedules as to reduce the Treasury receipts to a margin not exceeding twenty-five millions beyond the current expenses and liabilities of the Government, including the interest on the debt. Under these changes in our financial sys tem, with the honesty, economy, care, and retrenchment so happily introduced by Gene ral Grant, it would be very easy to satisfy the bondholders on a reduced interest, while, in cutting down our taxation on the plan proposed to the extent of at least one hun dred millions a year, all sections and all inte rests sharing in the relief would all be thank ful. But what do we see, even on this pro position favored by the President for the repeal of the income tax ? The miserable trick of a constitutional quibble between the two houses, which reminds us of their game of thimble-rig on the bill to abolish the franking pnvi lege. We learn, too, that a member of the Ways and Means Committee, interested in the duty on salt, is threatened witn its repoai, in the event of his desertion of Boutwell on this income abomination. We have, then, nothing to hope, financially, from the present Congress, which expires on the 4th of Maroh. It has neither the will nor the time even to attempt the needful measures of relief sug gested. But the new Congress, on the 4 th of March, assembles close upon the heels of the exit of this Congress, and here there will be a fine opening for the President. Let bim first get a Cabinet that is a unit with the bead of the administration, and that will have the confidence of the responsible party in Congress in being mainly the work of its bands in its appointment. Let General Grant, then, in a speoial message to the new Congress, define the urgent demands of the country and the great necessities of the people for a general reduction ot our taxes. internal and external, and the folly of paying twenty odd millions as subsidies to these national banks, which it would be well to save, and the folly and injustice of saddling upon this generation the whole burden of the national debt, and we have no doubt that he will be baoked by both bouses. fresh from the people, in the great reforms suggested. We desire the suocess of General Grant's administration, beoause in the event of its being condemned as a failure we know not what may follow. It was sup posed that Andy Johnson spoke as a madman in reoommending in bis last annual message the policy of considering the national debt settled and paid when the interest paid from tne beginning shall be equal to the principal. But Johnson had his advisers to this course. and his followers in it have not diminished in number during the last twelve months. In a word, General Grant must brine about a re duction of our taxes during the present vear. or in the next year's eleotions be will be apt io uuu mat ii m too late in tne general up beaval of a political revolution. TIIE CANONIZED BRIDGE-BURNERS. From (A A. Y. World, There are certain things whioh neoessity or duty, or even policy, sometimes compels a man to do which it is not pleasant to talk about. We doubt much if our neighbor, General Dix, cares to boast of having signed the death-warrant of poor Beale on Gover nor 'b Itland, or if the Pennsylvania IUrtranft tbiiAs or talks complacently of putting the i ope round Mrs. Surratt's nook. Sa when Gertfral Sheridan burned the farm-homes tip the Shenandoah he had the justification of a peremptory order from his superior. It wm bis boasting of it as a deed of glory thit dnmnged bim. There were many other neces sities of war, involving no moral wrong in the actual perpetrator, which it is quite as well to bury in oblivion, for they are not pleasant subjects of meditation. To this category of painful necessities belongs, etui tiently, "bridge-burning." A bridge has many peaceful, piotnresque associations con nected with it; and yet it is conosded that a bridge may be a military, and henoe mis chievous, adjunct of great importance. Over a bridge friendly neighbors greet eaoh other, families go to their rural ckuroh, weddings to the altar, the funeral passes to the country graveyard, and the physician drives on his errand of mercy. But, then, over the bridge safely go infantry and artillery and cavalry on errands of destruc tion. The true soldier, who thinks of possible retreat, as every soldier ought to, never burns a bridge without a qualm, and, if bis enemy is in front, rarely without a blush, for it is a confession of weakness. When, therefore, in the blessed days of restored peace, we read ot bridge-burning, and eFpeciaJJy by wholesale, it is with something, if not of suffusion, certainly of sorrow, that such things should ever have been. Not so the paralytio parson who now misrepresents in the Senate the State of Tennessee. He thinks "bridge-burning" heroism of the highest order, and being hanged for doing it is the noblest martyrdom. Under his influ ence the Senate has, within a day or two, unanimously passed a bill to make liberal compensation to the widow of a man a foreigner too who, with others, burned bridges without stint, in a line from Bristol in Virginia to Chattanooga, and, being cancLt, was canoed for doing bo. The bridge-burner's name was Jaoob Ilarmon. This bill was examined by no committee; its preamble, which Senator Morton went out of his way to pronounce a model, had in it more than one recital historically false and defa matory; and yet, to oblige Brownlow, it was pa&ued without dissent. "All the bridges," it says, "in Last Tennessee, between the Vir ginia and Alabama lines, a distance of 210 miles, were burned in the fall of 18G1, by order of General McUlellan, who stipulated these are the very words with certain promi nent Union men, then refugees in Washing ton," to do this secret work of destruction. "Accordingly we again quote on the night of the Cth of November, 18C1, pre cisely at midnight, the bridges were all fired. On its part the Government pledged itself to follow up the burning of tie bridges by the immediate occupation of the country by the forces under General George II. Thomas, then on the Tennessee border." They "utterly failed" to do it, and the bridge burners were caught and hanged. Here we detect a fling at two gallant men one living and one dead which we regret the Senate so unanimoubly endorsed, but which leads us to doubt the whole story, at least as to one of tbem. General McClellan may have ordered the bridges to be burned, and have good rea sons for doing so; but Parson Brownlow and the unanimous Senate do not convince us that be did it in this style, or did it at all. The bridges were burned simultaneously, show ing there was elaborate prearrangement, on the Gth or Gth of November, 18(51. MoClel lan had then been nominally in command exactly six days, being appointed on the 31st of October; and we incline to think he was actually in command a still shorter time. For ourselves we do not believe that, with the thousand things nearer at hand sharply press ing upon the young soldier then, he had time to baigain with the vagabond foreign refu gees who were hanging about Washington, or that having done so he would have left his agents unprotected. It sounds much more, with its intrigues and bargains and impo tence, like a chapter of Cameronian history; for this was, in time, coincident with his reign. Cameron was turned out in Janu ary, 18G2, and the advance into Ten nessee was not till February; all which tiiue Ilarmon and his confederates were left to rebel mercy and were punished in squads. For the sake of human nature we hope this is not true. The words we have quoted are from Brownlow's written speech, read for mally by the clerk, while in the statu' ry preamble the imputation is withdrawn and the act attributed directly to "the Seorelary at War" t. e. Cameron. It is this preamble which charmed Mr. Morton, but which scan dalized even Mr. Pomeroy, who desired it to be stricken out, and whioh, among other things, recites "that one Capt. David Fry did recruit and enlist as a portion of the force Jacob Ilarmon and his sons; that be (Fry,) administered the oath to them, and there being no Bible at hand he caused them to place their bands on the Union flig while he solemnly administered the oath to be ever faithful and true to the Union," etc. etc. ! Such is the trash whioh the Senate makes part of its solemn statutes, and such the precedent of improvident and reckless expenditure of the publio money which they furnish. There are other hideous and absurd oddities in this case which our limits do not permit us to notice; the mortgage given to the lawyer whether rebel or not is not said the foreclosure, the prospective liti gation, of whioh Congress agrees to pay the expense all this we pretermit, simply saying in conclusion that, while within a month the Senate (the debate being confined to radi cals) hesitated long to pay a poor loyalist whose bouse was destroyed by the Federal engineers to make way for the range of ar tillery at Fort Fillow or Paducah, they do not pause a moment to pay the speculative damages of these very equivocal bridge burners, trying to make the job palatable by flavoring it with slander on Democratic soldiers. TIIE TESTIMONIAL NUISANCE. From the If. T. Times. The best and the worst of men have this much, at least, in common that they cannot very easily dispense with the good opinion of their fellows. We should imagine, for example, that a deteoted thief would find the publio execration, to which he is for a short time exposed, to be about the severest part of the ordeal to which he has to submit; and we should suppose that one of the chief con solations which liberty brings to him is the prospect of looking forward to the undis turbed friendship of a select circle, where bis achievements obtain their legiti mate meed of praise, and where the only blot on his escutcheon consists in having been found out. We can explain on no other theory but this the late outburst of sociability, fraternizing, and mutual admira tion generally that has diversified the even tenor of the career of the rank and file of the cohorts of Tammany. These gentry have for some time past been treated to an amount of outspoken truth, under which, callous as they are, they have shown unmistakable signs of wincing. All the congenial obsourity under which their tortuous wav are hidden has not prevented sundrv eleanisof verv unoonaenlal light from reaching them; and their indiffe rence has been about as awkwardly assumed as that of the pickpocket who should stolidly thrust his bands into bis own pockets when the bull's eye of the policeman bad just made manifest their extraction from the pookets of somebody else. By way of dissipating the sneaking consciouseness of what very un worthy personages they are, onr looal rulers bave lately shown a quite unprecedented fondness for each other's society and that of their retainers. In such company obstrusive publio opinion finds no entrance. The lords of the feast can smile complacently on the recipients of their bounty, and the lesser rogues can find unalloyed pleasure in con templating me great masters of the profes sion, and in discussing the gradual stops that led them to that proud eminence. The festive gatherings of Tammany that began very early in the season, and of which Monday Lieut's levee by the "Boss" at the Metropolitan is ,but one of an apparently interminable series, nave been ple-isantly varied by a perfeot eruption of testimonial schemes. The more a reflective and discern ing publio condemned, the more the sup porters or the "Ring ' felt called on to ap prove, and in proportion to the violence of tne attack which the leaders have sustained, so great must be the testimony afforded by a servile crowd of followers, that, in their eyes at least, their reputation is exactly what it ought to be. The big ger tne jod tne more numerous the pickings, is a first principle among the Tammany braves, great and small. and the master minds that concoct gigantio Bcbemes of plunder are eminently deserving of the highest honors of the Pantheon. From Tweed's statue to the "elaborately engrossed resolutions" presented to Sheriff Brennan when he emerged from the chrysalis stage of Police Commissioner, there is an immense interval both in comparative and actual esti mate of merit. Unfortunately for the po lice, however, the new Sheriff had a soul above parchment. Testimonials of a more substantial character had suddenly become the rage, and he, as one of the leading magnates, found it somewhat beneath his dignity to be so lamely recognized. His late subordi nates had evidently been corrupted by the publio sentiment which supposes that when a man is paid for doing his duty he is not entitled, in virtue of that fact, to any special reward. For a common policeman, that may be a good enough rule; but for a commis sioner and sheriff elect, the case is entirely different. Thus it came that the beautiful engrossed resolutions were found to be so much waste paper, and the "unbounded stomach" of Sheriff Brennan could only be satisfied by the police showing "how much" they appreciated him. Had this been left entirely to the private opinion of the force, it is probable that the result would have been rather unsatisfactory. But as the men are there rather as the ap pointees of Tammany than the servants of the public, it was fit that they should be left no choice in the matter. Pay-day came, and with it a request to subscribe something in recognition of the shining virtues of Judge Brennan. A "Patrolman, who has moan- while given bis five dollars much- needed as it was to buy his wife a new dress withal writes us with a view to know why he or any other officer should bave been mulcted for this testimonial. We confess our utter inability to satisfy him on that point. Had he or any of bis fellow- sufferers interrogated the clerk who pre sented the paper, and whose face so unmis takably hinted the penalty of refusal, we do not suppose that be would have been made much wiser. Tammany willed it, and that is about the only explanation that the plundered police will ever get, just as it is the only ex planation that a plundered publio has hitherto got of much greater outrages. KINANOIAL, "yE OFFEU FOU SALE, AT PAR, THE NEW MASONIC TEMPLE LOAN, Bearing 7 3-10 interest, Redeemable after five (B) and within twenty-one (31) years. Interest Payable March and Hep. tember. The Bonds are registered, and will be issued In sums to salt. DE HAVEN & BRO., No. 40 South THIRD Street. 611 PHILADELPHIA. Stocks bought and sold on commission. Gold and Governments bought a ad sold. Accounts received and Interest allowed, subject t Slght'Draf ta. Ii. LEGAL IBIVHSTBZSlT Eaving aold a large portion or the Pen nsylvt nia Railroad General Mort gage Bonds, The undersigned offer the balance for a limited pe riod at 95 and interest added In currency. These bonds are the cheapest Investment for Trus tees, Executors, and Administrators. For further particulars, Inquire of JAY COOKE & CO., E, W. CLARE & CO., W. H. NEWBOLD, BON A AERTSEN. C. 4H.150RIE. Him f30 530 CmAX220, BANKER. DEPOSIT ACCOUNTS RECEIVED AND INTER EKT ALLOWED ON DAILY BALANCES. ORDBltS PROMPTLY KXKCUTKD FOR THB PURCHASE AND BALK Of ALL RELIABLE S&. CURITIR8. I H II T K( TIONH MADS EVERYWHERE. RFAL ESTATE COLLATERAL LOANS NEGO TIATED. t8 81 cm No. 680 WALNUT St., Phils da. J7 f A7 - iyf Kwwvtww -.v- w i ,si USAt,! A'tLi-S&memHA FINANOIAU A RELIABLE Safe Home Investment 1IIH Sunbury and Lewistown -Railroad Company 7 PER CENT. GOLD First Mortoaffe Bonds. Interest Payable April and Octo ber, I'ree ofgtate and United State Taxes. We are now offering the balanoe of th loan of $1,200,000, which is secured by a first and only lien on the entire property and franchises of the Company, At 00 and the Accrued Into rest Added. The ltoad is now rapidly approaohing com pletion, with a large trade in GOAL, IltON, and LUMBER, in addition to the passenger travel awaiting the opening of this greatly needed enterprise. The local trade alone is sufficiently large to sustain the Road. We have no hesitation in rocommending the Bonds as a CHEAP, RELIABLE, and SAFE INVESTMENT. For pamphlets, with map, and full infor mation, apply to WfiS. PAINTER & CO., BANKERS, Dealers in Government Seonrltiea, fio. 3G South THIRD Street, 6 9 ttip FHILADSLFHIA. JAY COOKE & CO., PB ILADELPIIIA, NEW YORK and WA8HIN3T0N. JAY COOKE, McCULlOCH 11 CO., LONDON, AND Dealers in Government Securities. Special attention clven to the Purchase and Hni of bonds ami stocks on Commission, at the Board of BrcKfTB in turn Bua oilier ciueB. INTEREST ALLOWED ON DEPOSITS, CULLKUrlUNa MAUK ON ALL POINTS. UOLD AND SILVER BOUOHT AND SOLD. In connection with oir London House we are now prepared to transact a general FOREIGN EXCHANGE BUSINESS," Including Purchase and Sale of Sterling Bills, and the Issue or Commercial Credits and Travellers' Cir cular Letters, available in any part or the world, arvl are thus enabled to receive wold UN DBrosiT, and to allow four per cent. Interest in currency thereon. Uavlnir direct telegraphic communication with both our New York and Washington oillces, we can offer superior facilities to our cuutomcra. RELIABLE RAILROAD BONDS FOB INVEST MENT. Pamphlets and fall information given at our offlce, 8 2 8mrp No. 114 S. THIRD Street, Phllada. SPECIAL NOTICE TO INVESTORS. A Choice Security. We 'are now able to supply a limited amount of the Catawissa Railroad Company's 7 PER CENT. COKVEBTIELE MORTGAGE BONDS, FREE OF STATE AND UNITED STATES TAX. They are Issued for the sole purpose ot building the extension from MILTON TO WiLUAMat'OKT. a distance ol 80 miles, and are secured by a lien on the entire roaa ruariy iuu miles, fully equipped and doing a flourishing business. Whtn it is considered that the entire Indebtedness or tne company wm oe less man 110,000 per mile, leaving out their Valuable Coal Prmxrtu of 1300 acre. It will be seen at once what an unusual amount of stcurlty is attached to these bonds, and they there fore uinst commend themselves to the most prudent Investors. An additional advantage is. that thev can be converted, at the option or the holder, aftor 16 years, into the Preferred Stock, at par. Tbey are registered Coupon Bonds (a creat safe guard), lHsued In sums of tsoo and 1 1000. Interest payable February ana August. Price S24 and accrued Interest, leaving a good margin lor advance. For further lniormatlon, apply to D. C. WHARTON SMITH I CO., No. 121 SOUTH THIRD STltEET, 1 SSi PHILADELPHIA. DUNN BROTHERS, II AN 1 12 lit. Nos. 51 and 53 S. THIRD St., Tealers In Mercantile Paper, Collateral Loans, Government Securities, and Gold. Draw Bills of Exchange on the Union Bank of London, and issue travellers' letters of credit through Messrs. BOWLES BKOS fc CO., available la all the cities of Europe. Make Collections on all points. Execute orders for Bonds and Stocks at Board of Brokers. Allow interest on Deposits, subject to check at sight li ELLIOTT, COLLINS & CO , lSANItUlit), No. 109 South THIRD Street, MEMBERS OF STOCK AND GOLD EX CHANGES. DEALEHS IN MERCANTILE PAPEH, G O VEltN MENT SECU KITIES, G OLD, Etc. DRAW BILLS OF EXCHANGE ON TflK UNION BANK OF LONDON. S fmwi FINANCIAL.. Wilmington and Reading 2XAELHOAD SEVEN PER CENT. BONDS Free of Taxes.5 We are offering $200,000 of the Second Mortgage Bonds of thia Company AT 82J AUD ACCRUED INTEREST. For the convenience of investors these Bonds are issued in denominations ol $1000s, $500t, and $100. The money is required for the purchase of addi tional Rolling Stock and the roll equipment of the Road. The road Is now finished, and doing a business largely In excess of the anticipations of its offlcers. The trade offering necessitates a large additional outlay for rolling stock, to adord all facilities for its prompt transaction, the present rolling stock not being sufficient to accommodate the trade. WM. PAINTER & CO., BANKERS, No. 36 South THIRD Street, 0 6 PHILADELPHIA. JOHN S. RUSHTOfi & CO., BANKERS AND BROKERS. GOLD AND COUPONS WANTED. City Wairantn BOUGHT AND BOLD, No. 60 South THIRD Street, 8S6I PHILADELPHIA. F O It A. I Six Per Cent. Loan of the City of Wil liamsport, Pennsylvania, Froo of tt 1 1 T a x o h, At 85 and Accrued Interest. These Bonds are made absolutely secure by act of Legislature compelling the city to levy saOlclent tax to pay interest and principal. P. 8. PETERSON & CO., No. 39 S. THIRD STREET, 88 PHILADELPHIA. B. K. JAMISON & COT, SUCCESSORS TO I. F. KELLY &, CO, BANKERS AND DEALERS IN Gold, Silver, and Government Sondi At Closest Ularket Uates, N. W. Cor. THIRD and CHESNTJT St. Special attention given to COMMISSION ORDERS in New York and Philadelphia Stock Boards, etc. etc. 8S6 Bowles Brothers & Co., FAEIS, LONDON, BOSTON. No. 19 WILLIAM Qtreet, IN" o v Y o r lc. Credits for Travellers IN EUROPE. Exchange on Farii and the Union S Dank of London, 11 IN SUMS TO SUIT. 11 T 3mt QITY OP BALTIMORE. $1,200,000 six per cent. Bonds of the Western Maryland Railroad Company, endorsed by the City of Baltimore. The nndertlgned Finance Committee of the Western Maryland Railroad Company offer through the American Exchange National Bank $1,200,000 of the Bonds of the Western Maryland Railroad Company, having 30 years to run, principal and interest guaranteed by the city of Baltimore. This endorsement having been authorized by an act of the Legislature, and by ordinance of the City Council, was submitted to and ratified by an almost unauimous vote of the people. As an addi tional security the city has provided a slaking fund of $200,000 for the liquidation of this debt at maturity An exhibit of the financial condition of the city shows that she lias available and convertible assets' more than sufficient to pay her entire indebtedness. To Investors looking for absolute security no loan offered in this market presents greater Inducements. These bonds are offered at 87X and accrued Inte rest, coupons payable January and July. WILLIAM KEYSER, JOIIN .K. LONGWELL, MOSES W1ESENFELD, 1 6 60tt Finance Committee. WHISKY, WINE, ETO. QAR8TAIR8 & McCALL. No. 126 Walnut and 21 Granite fta IMPORTERS OV Erandlei, Winei, Gin, Olivi OIL EU., WHOLESALE DKALC8S 11 PURE RYE WHI8KIBS IS BOKD ABO TAX PAID. M M X
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