THE DAILY EVENING TELEGRAPH PHILADELPHIA, THURSDAY, MARCH 9, 1871.
PUBLISHED EVERY AFTERNOON
(SUHDATS BZOBPTID),
AT THE EVENINO TELEGRAPH BUILDING,
NO. 108 8. THIRD STREET,
PHILADELPHIA.
The Prioe is three cent per copy double sheet),
or eighteen cents per week, payable to the carrier
by whom served. The subscription price by mail
I Nine Dollars per annum, or One Dollar and
Fifty Cents for two months, invariably in
advanoe for the time ordered.
THURSDAY, MARCH 9, 1871.
The Evening Telegraph, from
Its original establishment, has been in the
receipt of telegraphic news from the New
York Associated Press, which consists of
the Tribune, Times, Herald, World,
Sun, Journal of Commerce, Evening Post,
Commercial Advertiser, and Evening Ex
Press. The success which has attended
our enterprise is, In itself, a sufficient evi
dence of the freshness, fullness, and relia
bility of the news which we have received
from this source. Last March we entered
Into a special contract by which The
Evening Telegraph has the exclusive
use of the news furnished in the afternoon
by the Associated Press to its own members,
the North American, Inquirer, Ledger,
Press, Age, Record, and German Democrat,
of this city, and the leading journals of the
East, North, West and South; and hereafter
The Telegraph will be the only evening
Paper published in this city in which the
afternoon despatches of the Associated
Press will appear.
CaP The earliest regular edition of The
Evening Telegbaph goes to press at lj
o'clock, and the subsequent regular editions
at 2j, 3$, and 4 J. Whenever there is im
portant news of the complications in Europe,
extra editions will be issued after this hour,
and before the regular lime for the early
edition.
23 FREE Q 0 VERNMENT A FAIL URE?
It has long been a favorite theory with the
European enemies of republican institutions
that free government, especially in American
cities, has proved a failure; and the commis
sion bills now pending at Ilarrisburg imply
that the Legislature of one of the greatest of
American commonwealths is ready to indorse,
in the most formal and most oppressive man
ner, this monarchical libel upon a free people.
For five years the control of three of the most
important departments of the city govern
ment is to be taken absolutely from the voters
and tax-payers of this municipality. At a
moment when all vestiges of mili
tary control and the last props of the
f abrio of reconstruction are about to be re
moved from the Southern districts which
were lately in rebellion, the birth-place of
republican freedom is to be profaned, and
the very spot from which the fiat went forth
that all governments derive their jut powers
from the consent of the governed is ohosen
as the scene of the substitution of an oligir
ehy for popular rule. The doctrine of the
day teaches that the men who pay taxes, own
property, risk their lives in the service of
their country, and who have made
Philade'phia wbat it is to-day, are not fit
to be trusted for five long years
with a voice in their local affairs. Collective
wisdom and collective patriotism count for
nothing. The boasted intelligence and virtue
of the people are treated as exploded hum
bugs. It is presumed that millions lavished
on eduoation have on'y served to diminish
the capacity of voters to discern their true
interests and to participate in the manage
ment of their own affairs. We are virtually
commanded to lock up our Oouncil Chambers,
to dismiss our Mayor, to close up our
existing departments, and to blindly
surrender all control over municipal
destiny. The commission bills proclaim
to the world that the men who must fight,
toil, and pay, when fighting, toiling, and pay
ing are to be done, shall be as dumb and as
helpleBS in matters relating to municipal gov
ernment as were the Blaves on Southern
plantations before the war in matters relating
to national politics. At such a decision the
cheek of every Fhiladelphian should either
burn with shame or blister with indignation.
If it is just, oh ye degenerate sons of noble
sires ! olothe yourselves in saokoloth and
ashes, . prate no more of Re
publicanism, but seek out, not merely
commissioners, but dukes, earls, prinoes,
kings, and despots to rule over you in the
State and nation as well as lu the city. If it
is unjust, mark out as the objeots of relent
less vengeance the authors of the most fla
grant of all insults and the most odious of all
oppressions. In determining whether you
are indeed incapables, use all the reason and
judgment which may happily still be spared
you to scrutinize the character and probable
motives of the men who have assumed the
Ugh prerogative of handin? your property and
Affairs over to commissions, as if you were
veritable lunatics. Consider who compose the
jury that pronounoes that fearful verdict
against you. The humblest and the most
notoriously foolish men in the country can
not be suddenly deprived of the control of
their private affairs without due proof of their
Incapacity t eing made in proper form; and
surely more than one hundred thousand able,
bodied white male citizens should make soma
little inquiry into the causes tor whiph they
Are to be summatily condemned; some little
chance ohould be given to them lor
pelf-defense; some little privilege
akin to tbat aenordel by the
courts to the intemperate spendthrift and the
innftDe imbecile. If our Harrfahnrg roisters
were composed of the concentrated etwenoe of
the wisdom of the world, tbey might well
pause, at least to hear wbat we might have to
cay in seTf-defenRe, before they pronounced
judgment against ns. The 'real character of
too many of those who figure as legislator",
however, and their governing motives, are,
sine! too well known; and it is as grojs
a piece of arrogance fo r nnch a body to pass
the proposed bills as it would be for the
residents of Alnka street to solemnly reslve
that they alone, of all the inhabitants of Phi
ladelphia, were worthy of exercising the right
of suffrage. To be condemned by any body
is bad enougb, but to be ro'ibed of the most
ancient, most important, and most essential
privileges of self-government by a modern
Pennsylvania Legislature, in the interest of
the most dangerons men in the community,
is intolerable, and such an outrage will spread
far and wide an uncontrollable feeling of re
sistance at all hazards and in all contingen
cies. THE GERRYMANDERING BILL.
Senator Davis apportionment bill passed
the Senate yesterday, after a alight modifica
tion affecting the Representative distriots of
this city. The Republican Senators made a
determined assault upon it, but the Demo
cratic majority of one insured the defeat of
all the amendments offered by the Republi
cans, and its final passage by a strict party
vote. The debate which preceded the vote
was animated and bitter. Senator White
took occasion to pitch into Speaker Wallace
in the most approved style, al eging that the
grand object of the measure was the election
of the latter te the United States Senate in
1872, at the expiration of Simon Cameron's
term. Mr. Wallace, in defending himself
from these assaults, did not deny the soft
impeachment, and Senator Dill even went bo
far as to admit the propriety of such an "en
dorsement" of Wallace's claims upon the
party. Thus the entire Democratic platform
is placed fully before the people, and if it
should succeed, the apathetic Republicans of
the First Senatorial distriot of this city, who
suffered Colonel Deohert to be elected to fill
the seat made vacant by the death of the late
Senator Watt, will have to bear the mix ure
of odium and glory which will attach to the
eleotion of William W. Wallace to the United
States Senate.
This contingency is by no means improba
ble. Senator Rutan yesterday submitted an
amendment to the Apportionment bill whioh
would have made the Senate Repub.ican by
one majority and the House by eight majo
rity. The amendment failed, as a matter of
course. Under the bill as it passed the Senate,
the Democrats expect to have control of the
Senate by a majority of three and of the
House by a majority of six, and this despite a
dear Republican majority of several thou
sand on the vote of the State at large. If the
Sen -de apportionment bill should become a
law, nothing short of a grett popular revolu
tion cou'd keep Speaker Wallace out of the
United States Senate. The House of Repre
sentative, however, is Republican by a fair
working majority, and the Governor was
elected on the Republican ticket. If nobody
sells out, therefore, Speaker Wallace's "little
game" will be blocked. But there is great
danger that somebody will sell out. The Re
publicans have a majority of twelve in the
lower bouse, and' a defection of
seven members is all that is
needed to push the bill through
and p'ace the people at the mercy of John W.
Geary. The grand commission schemes for
the plundering of this city are to be controlled
by nominal Republicans, a scheme which the
Democratio majority of one in the Senate
could defeat. The probabilities therefore
point to a compromise, whereby the commn
sions will be pushed through the Democratic
Senate, and the bill for making Wallace
United States Seaator through the Republican
House. This bargain and sale is so monstrous
that the ingenuous publio may discredit it,
but in view of what has been done at Ilarris
burg in the past, it is well to be forewarned
and on our guard. That Governor Geary
weuld lend himself to such a double-headed
job is by no means improbable. It would
npset his own Senatorial aspirations, but
there are as good fish in the sea as were ever
caught, and he would not go unrewarded.
TEE PROPOSED COMMISSIONS.
The most superficial examination that can be
made of the three bills introduced in the
Legislature for the creation of Commissioners
of Publio Works, Commissioners of Police,
and Water Commissioners, will prove to any
one how dangerous they are, and if each sepa
rate section is carefully considered by itself,
the opportunities for' indiscriminate plunder
that are afforded by these measures is enough
to startle the most apathetic tax-payer. Let
ns begin at the beginning and consider the
organization of the commissions. The bills
provide that the three Boards of Publio
Works, Water, and Police shall each consist
of six individuals, who shall hold office until
November, 1876, and until their tucccsxort
are duly qualified. On the second Tues
day in October, 18 7C, the. citizens 'of
Philadelphia may, by the gracious permission
of the bills in question, elect successors
to the individuals whom it is now proposed to
place In office by legislative authority without
consulting the citizens of Philadelphia as to
whether they desire the eighteen Harrisburg
appointees to rule over them or not. The
bills propose to give the voters of Philadel
phia a voice in the election of commissioners
in 1876, provided, however, that this impor
tant clause is not repealed in the meantime,
as it undoubtedly will be If it suits the pur
poses of the men who now propose to pUce
the government of the city in the hands of
irresponsible oonimissioneni. If there is in
fluence enough now at Ilarrisburg to prooure
the passage of these bills, there will be mora
tLau enough at the next and at all subsequent
sessions of the Legislature to have any de
sired changes made in them, and the indi
viduals who constitute the commissions ean,
without the slightest difficulty, make their
offices perpetual.
In the event of a vacancy ocourring in
either of the proposed boards from any cause
whatever, the remaining members are em
powered to fill it for the remainder of the
term of five years. The same triok is being
played here as was so successful In New
York, nonest men are placed upon the dif
ferent boards in order to quiet suspicions.
These gentlemen, if they accept offioe, will, if
tbey oppose corrupt schemes and endeavor
to have the publio honestly served, be
tormented in every possible way. Villainies
fr which they are not responsible will be laid
to their charge, they will be made to bear the
blame for scandalous praotices whioh they
i.ever sanctioned, and in the t nd they will
either become an corrupt as their companions
or th y will be forced to resign in disgust, to
be succeeded by those who are not only
willii g t ut anxious to avail themselves of the
magnificent . opportunities for plunder
afforded them by every section of the three
bills now under consideration.
The commissioners are each to draw a
salary of $3000 per annum for their valuable
services, but is there any property-holder in
this eity soinnocent and unsuspicious as to sup
pose that our eighteen commissioners will be
sati-n d with Bu-.h a paltry amount when mil
lions can be pocketed without let or hindrance
of any kind ? The modern American profes
sional politician does not work for nothing,
and the commission scheme is nothing more
nor less than a device to fill the pockets of
ctrtain trading politicians with as much
faC'bty and with as little hard work as possi
ble, at the expense of the taxpayers of Phila
delphia.
The Board of Police Commissioners is au
thorized, under the bill creating it, to appoint
a clerk with a salary of $1T00, and an assistant
clerk with a salary of $1000. The other
boards are given a larger liberty. The Board
of Publio Works is empowered to appoint
such officer or officers, and to employ such
agents and persons as they may deem noces-
eary, to remove the same at pleasure, and to
fx the compensation of the persons tmployed.
Tb re is nothing whatever to prevent the ap
pointment of auy present inhabitant of the
County Prison or the Penitentiary to the
office of clerk or assistant clerk at a salary of
$10, 000 or more per annnm, and our readers
n ay rest assured that the clerkships to
tLis board will, both in regard to sala
ries and perquisites, be offices worth
having. It has been observed
in New York sinoe Boss Tweed became the
ruler of that city Mr. Tweed holds the posi
tion of President of the Board of Publio
Wiks that the force of laborers upon the
new City HaJl is always largely augmented
just before election time, while upon other
public works it is not possible for the gangs
of professed workers to find enough to do to
nii ke even a decent pretense of being busy.
The t-tme thing will be seen in this city if
the commission bills pass, and every doubtful
precinct will be colonized with voters pledged
to vote a straight commission ticket. The
citiz'is of Phi adelphia have little choioe
enough now, but they will have none at all if
the proposed commissions get into power,
and every Philadelphia delegate to the Legis
lature will go to Hurrisburg pledged to advo
cate and vote for any measure the men who
send him there may demand.
The Water Commissioners will be endowed
with the same unlimited power of appoint
ing officers, agents, and laborers as the Board
of Publio Works, and between the two boards
there will not be the ghost of a ohanoe for the
independent voters to make their influence
felt.
This exposition of the proposed organiza
tion of the'eommissions will suffice for to-day.
To-morrow we will resume the subject from
another point of view, and exhibit the iniqui
tous character of other sections of the bills.
NOTICES.
cfildken to ladibs, b0t8'
children akd all othek8 who have hoys'
Children Tub selecting op Hots;
Children Buys' Clothing 1 Boy."
Cbildhen On ock Kikst Floor - Boys'
Children we save a special department Boys'
Children for Boys' and Youths' Boys'
Children Clothing, Boys'
Children and have a bkautifdl vabikty Boys'
Children for Children prom 3 years Boys'
Children vpward, embracing Boys'
Children "Striped suits," Boys'
children "Prince Imperials," Boys'
( uu.DREN "Continentals," Boys'
t hii.dk en "Knee Bkeeches." Boys'
( bh.dren "oaribaldis," bovi'
Cbildhen Bismaroes," Boys'
Children "Scotcu Suits," etc. Boys
iiildren and for boy8 and yoi th, boy8'
Children wk ua e all styles and sizes. Boys'
Wanamaeer a Brown's
Oak Hall,
Largest Clothing House,
8. E. Cob. Sixth and Market Streets.
The Sudden Changes op Temperature, together
with tbe searching winds which are new bo common,
are causing severe Colds to prtvail everywhere, and
laying the foundations lor many case ot Inflamma
tion or the Longs, Pleurisy, Asthma, and other Lung
Disorders. Prudent people should now take
especial precautions to avoid unnecessary exposure,
and If unfortunate enough to contract Colda, would
do well to retort at once to Dr. Jayoe'a Expectorant,
a safe and reliable remedy, which will not only
promptly cure Ought and Colds, but will relieve
and strengthen the Pulmonary and Bronchial
organs, and remove all dangerous symptoms. Bold
everywhere.
QROOERIES, ETO.
JAVA COFFEE.
Qn u' re Dutch Government Java Coffee
IN THIS ORIGINAL BAGS,
JUST RECEIVED IN STORE.
E. BRADFORD CLARKE.
(8UCCBS8OR TO SIMON COLTON CLARKE,)
8. W. Corner BROAD and WALNUT,
nituummp PUiLaDEbpuia.
FINANCIAL.
NEW WN OF THE UNITED STATES.
IMPORTANT CIRCULAR. -
TREAhUKY DEPARTMENT,
. . Washinoion. February 89, 18T1.
Publio notice 1b hereny given that books will be
opened on the Btxth day of March next, In thta
coun'ry and la Europe, forsuimcrlptions to the Na
tional Loan, under the act approved Juiy 14, 1970,
entitled An art to anthorlze the Refunding of the
National Debt," and the act In amendment thereof,
approved Jairaary SO, 1871.
The proposed loan comprises three classes of
Bonrtg, namely :
First. Bonds to the amount of Ore hundred mtl
lllous of dollars, payable in coin, at the jHeasure of
ihe United Mates, after ten years from the date of
their Issue.and bearing Interest, payable quarterly In
coin, at the rate of five per cent, per annum.
Srcond. Bonds to the amount of three hundred
nillltong of dollars, payable In colo, at the pleasure
of tbe United StateB, alter fifteen years lrom the
date of their Issue, and bearing interest, payable
quarterly lu coin, at the rate of lour and a half per
cent, per annum.
Third. Bonds f the amount of seven hundred
millions of dollars, payable In coin, at the pleasure
ol the Untied States, after thirty yeirs from the date
of their issue, and bearing Interest, payable quar
terly in coin, at tbe rate of four per cent, per
anmim.
Subscriptions tfl the loan will have preference la
the following order, nameiy:
First. Subscriptions that may bo first made for five
fier cent, bonds to the amount of two hundred mil
tons of dollars; of which there will be reserved for
twenty d)s, one- half for subscribers in thu country
and one-half for subscriber! In foreign countries.
Second. Subscriptions for equal amounts of each
class of bonds.
Third. Subscriptions for eqnal amounts of bonds,
bearing Interest at the rate of four and a hair per
cent., and of bonds bearing Interest at the rate of
five per cent.
Fourth. Subscriptions for any five per cent, bonds
that may not be subscribed for in the preceding
elapses.
V hen a subscription is made the subscriber will
be required to deposit two per cent, of the amount
then of In coin or currency of the United States, or
In bonds of the class to be exchanged, to be ac
coutred for by the Government when the new bonds
are delivered: and payment may be made either in
coin or in bonds of the United States known as
FIVE TWENTY BONDS, at theirpar value.
The coin received In payment will be applied to the
redemption of 6-20 bonds, and the debt of the United
States will not be increased by this loan.
The bonds will be registered or lstuea with cou
pons, s niay be desired by the subscribers. Regis
t red bonis will be Issued of the denominations of
S&o, f too, $500, tiooo, $5000, and $l0,ooo, and coupon
bonds of each denomination except the last two.
The interest will be payable In the United States, at
the oillce of the Treasurer, any Assistant Treasurer
or Designated Depositary of the Government, quar
terly, on the first days of February, May, August,
and November in each year.
Tbe bonds of the several classes aforesaid, and the
Interest thereon, are exempt from the payment of
all taxts or dues of the United States, as well as
from taxation in any form by or under State, muni
cipal, or local authority.
After maturity the bonds last Issued will be first
redeemed, by classes and numbers, as may be de
signated by the Secretary of the Treasury.
The bonds will be Issued at the United States Trea
sury, but the agents for the negotiation of the loan lu
.Europe are authorized to make arrangements with
subscribers for the transmission of bonds to the
agents through whom subscriptions may be received.
Subscribers In the United States will receive cue
new bonds ff the agents with whom the subs jrlp
tions are made.
In the United States, the national banks are autho
rized to receive subscriptions, and subscriptions may
alto be made at the office of the Treasurer of the
United States, or of any Assistant Treasurer or the
designated depositaries at Bullalo, N. Y. ; Chicago,
111.: Cinclnnatl.Ohlo; Louisville, Ky. : Mobile, Ala.,
and Pittsburg, Pa.
The following banking houses are also authorized
to act as agents in receiving subscriptions la the
United Stales, viz :
NEW YOivK CITY,
Austin, Baldwin k Co.,
James o. King's Sons,
Kountz Brothers,
Leonard. Sheldon & Fos
ter, Maltlaud, Phelps k O..
Marx & Co.,
Morton, Bliss & Co.,
P. M. Myers k Co.,
Oeorge Opdyke & Co.,
E. D. Raudolpb k Co.,
held, Leo k Content,
Security Bank,
J. W. Seilgman & Co.,
Soutter&Co.,
Edward Sweet & Co.,
Moses Taylor & Co.,
Trevor A Colgate,
Turner Brothers,
Union Trust Company.
Van SchaicK A Co.,
Vermlllve k Co..
.Bauer a micnen,
A. Belmont k Co.,
Blake Brothers & Co.,
Brown Brothers k Co.,
Budge. ScblffA Co ,
Cecil, Stout k Thayer,
John J. Cisco & Son,
Cluft e, Dodge k Co.,
Henry Clews A Co.,
Jay Cooke k Co.,
Thomas, Denney k Co.,
Drexel, Wluthrop k Oo.,
Duncan. Sberuan & Co.
Flsk k Hatch,
Frank A Uans,
Gibson, Casanova & Co.,
aienfinnlng, Davis k
Amory,
Hatch A Fcote.
W. T. Batch k Son,
Edward Haight.
H. A. Ilelser's Sons,
L. Von Hoffman k Co.,
Wplla Vartvi i- t 'n
iiowes & juacy,
Dabnev, Morgan & Co.,
Wlnslow, T anler A Co.
Barker Brothers k Co.,
C A 11. Borie,
C. Camblos k Co.,
E W. Clarke k Co.,
Jay Cooke A Co.,
De Haven k Bro.,
Drexel & Co.
Elliott, Collins k Co.,
Henry L. Fell k Bro..
Gaw, Bacon A Co.,
Gleudlnnlng. Oavts A Co.,
W. H. Newbold, Son k
Aertsen,
w. Painter k Co.,
Sailor & Stevenson,
D. C. W. Smith & Co.,
Townsend Whelen fcCo.
Amory, Benson & jo,
PITTSBURG.
James T. Brady k Co., Masonic Deposit Savings
N. Holmes A torn, Bank.
PENNSYLVANIA.11 C
Altoona Kerr A Co.,
W. M. Lloyd A Co.
Bedford Reed A Schell.
Bellefonte Wllliain F. Reynolds A Co.
banibersburg Austin, Elder k Fletcher.
Doylestown J. Hart A Co.
Kbeusburg Lloyd A Co.
FraukliB R. Lamberton.
Greet sburg Lloyd, Huff A Co.
Uarrlsburg Dauphin Deposit Bank.
Dougherty Brothers A Co.,
Mechanics' Bank.
Lancaster Evans, McEvoy A Co.,
.Reed, McUrann A Co.
Meadvlllle J. R. Dick k Co.
oil City OU City SavlDgs Bank.
Re novo R. B. Caldwell k Co.
Scranton Qeorae Sanderson k Co.
Sharon J. Bleakley, Son A Co.
Somerset Schell k Klmmell.
Tltusvllle Farmers' and Mechanics' Bank.
Towacda G. F. Mason k Co.
1'omeroy Brothers,
Tyrone Lloyd. Caldwell k Co.
Washington Samuel Hazlett.
West Chester Kirk, McVeagh k Co.
WUkesbarre A. H. Ernie y.
V. V, Rockafellow.
GEORGE S. BOUTWELL,
Secretary of the Treasury.
PROGRESS OF REDUCTION OF PUBLIC DEBT
OF UNITED STATES.
Minimum Itcht at clot of Present Out
War UrM Latt Adminit- itaiuiing
July 81, ltaio. trutioH, March Dtbt, March
. . . 1.187L
Five-twenty 6
per ct. stocks. 1606,669,500 1,602,6S7,350 1,424,098,300
Other Biz per
cent, stocks.. (03,801,043 883,677,400 333,673,100
Ten-forty five
per cent stock 172,770,100 194,567,300 194,567,300
Other five per
cent, stock.. 87,023,000 87,022,000 80,900,000
Three-ytar7 60
per cent.
notes 830,000,000
Three-year six
percent.notts. 813,131,470
Total funded ..8,150,784,112 8,107,854,050 1,922,844,700
Greenback
notes $473,114,709 856,021,073 856,100,186
Greenback cer
tiorates 205,822,845 71,140,000 55,238,000
Gold certifi
cates 83,775,560 29,657,500
Fractional cur
rency 25,750,038 86,781,647 40,573,748
Past-due notes
and bonds... 17,263,120 6,422,464 8,261,113
Total Trea
sury circu
lation 721,950,796 499,140,644 484,830,546
Less gold Id
Treasury... 85.337,853 98,741,261 103,174,209
6,61?,98 400,399,888 881,056,337
Less currency
balance.... 81,401,775 16,853,629 . 20,854,0
Net Treasury
circulation 605,211,163 833,64554 860,031,731
Total princi
pal of debt. 8, 755,995,278 8,491,891,904 3,233,145,431
Yearly interest
in gold 104,419,023 1 24,255,350 113,194,949
Yearly interest
in currency.. 87,413,423 8.134,200 1,657.140
Total amount
of Intertbt
. Charge...., J51,832,051 126,889,550 114,852,0S9
9MNANOIAL.
riBW 700 GOLD LOACT.
BAFEI PROFITABLE I PERMANENT!
We offer for Sale at Par and Accrued Interest, tbe
FIRST MORTGAGE LAND GRAND GOLD BONDS
OF TBI
M1UERX PACIFIC RAILROAD CO.
These bond, are secured, yf.byaFlrst Morfc
gage on the Railroad Itself, Its rolling stock and aU
equipments ; second, by a Fir Mortgage on Its en
tire Land Grant, being more than Twenty-two
Thousand Acres of Land .oeach mile of Road.
The Bonds are free from United States Tax ; the
Principal and Interest are payable In Gold the
Principal at the end IThlrty years, and the Interest
emMmnually, at the rateofSEVJSN AND TARES
JQNTHS PER CENT, per annum.
Tney are issued in denominations of 1100. I50C.
.lOoo.inooo, and 110,000.
The Trustees under the Aoitgage are Messrs. Jay
Cooke, of Philadelphia, and J. Edgar Thomson,
President of the Pennsylvania Central Railroad
Company.
These Northern Pacific 7-30 Bonds will at aU times
before maturity, be receivable at Ten per Cent.
Premium (or 110) In exchange for the Company's
lands at their lowest cash price.
In addition to their absolute safety, these Bonds
yield an Income larger, we believe, than any other
first-class security. Persons holding United StateB
6-20S can, by converting them into Northern Pacifies
Increase their yearly income on third, and still
have a perfectly reliable Investment.
Persons wishing to exchange stocks or other bonds
for these can do so with any of our Agents, who
will allow the highest current prloe for ALL MAR
KETABLE SECURITIES.
JAY COUUU & CO.,
Fiscal Agents Northern Pacific Railroad Co.
For sale In Philadelphia oy
D. C. WHAUTON SMITH & CO.,
No. 121 South THIRDStreet.
GLEND1NNINO, DAVIS S CO,,
No. 43 S. THIRD Street.
BOWEN & FOX,
No. 13 MERCHANTS' EXCHANGE.
SEVENTH NATIONAL BANK,
N. W. cor. FOURTH and MARKH.
T. A. BIDDLE & CO.,
No. 836 WALNUT Street.
WM. PAINTER & CO.,
No. 86 South THIRD Street.
BULL & NORTH,
No. 131 South THIRD Street.
BARKER BKOS& CO.,
No. 28 South THIRD Street.
EMORY, BENSON & CO.,
No. 6 South THIRD Street.
B. K. JAMISON & CO.,
N.W. corner THIRD andCHBSNUT.
P. S. PETERSON & CO.,
No. 89 South THIRD Street.
TOWNSEND WHELEN & CO.,
No. 809 WALNUT Btreet.
CHARLES B. KEEN,
No. 835 WALNUT Btreet.
JNO. S. RUSHTON & CO.,
No. 50 South THIRD Street.
NARR LADNER,
No. B0 South THIRD Street.
M. SCHTJLTZ & CO.,
No. 44 South THIRD Street.
BIOREN & CO.,
No. 150 South THIRD Street.
JOHN K. WILDMAN,
No. 26 south THIRD Street.
CHARLES T. YERKES, JR., & CO.,
No. 80 South THIRD Street.
WILLIAM T. ELBERT,
No. 821 WALNUT 8treet.
J. H. TROTTER,
No, 823 WALNUT Sfreet.
S. M. PALMER & CO.,
No. 86 South THIRD Street
D. M. ROBINSON & CO.,
No. 138 South THIRD Street.
SAMUEL WORK,
No, 64 South THIRD Street,
GEORGE J. BOYD,
No. 18 South THIRD Street.
H. H. WILTBANK.
No. 806 WALNUT Street
RALEY & WILSON,
No. 41 South THIRD Street.
WALLACE & KEENE,
No. 143 South THIRD Street.
STERLING & CO.,
No. 110 South THIRD Street.
WILLIAM C. MORGAN & CO.,
No. 83 South THIRD Street.'
G. & W. Y. HEBERTON,
No. 53 S. THIRD Street.
JAMES E. LEWARS & CO.,
No. 89 & THIRD Street
JACOB E. RIDGE WAY,
No. 66 S. THIRD Street
W. H. SBELMERDIME,
No. 10 S. THIRD Street
1 86 tnwthfB40i
Wilmington and Reading
Railroad
7 mil CENT. BONDS,
Freo of Taxes.
We are now offering a limited amount of the
SECOND MORTGAGE BONDS of this Company
At 82', and Accftied Interest
The Bonds are Issued In
SIOOs, S500s, and SI 0003,
COUPONS PAYABLE JANUARY AND JULY,
We placed the FIRST MORTGAGE BONDS of
this Company at 85 per ceat They are now bringing
on tbe open market 95 per cent This fact is strong
evidence or tbe standing and credit of this Com
pany.
The road la now finished and doing a large and
profitable business.
WM. PAINTER & CO.,
BANKERS,
And Dealers lu Government Securities,
No. 36 South THIRD Street,
PHILADELPHIA.
530 fS30
HAimiosorj anAr.mo,
BANKER.
DEPOSIT ACCOUNT 8 RECEIVED AND INTER
EST ALLOWED ON DALLY BALANCES.
ORDERS PROMPTLY EXECUTED FOR THE
PUhCHASB AND SALE Of ALL ItELIAHLK HH.
CUKITIKS. T
COLLECTIONS MADE EVERYWHERE.
REAL ESTATE COLLATERAL LOAMS NBOO
TIATED. ,
NO.WAJLNTJT 639 BL, rULjd.
FINANCIAL
JJAVING BEEN APPOINTED AGSNT3
FOR THE SALE AND EXCHANGE
or TBM
NEW UNITED STATES LOMI,
We would tender our services to Investors or hold
ers of old loans desiring to make exchange.
DREXEL & CO.,
No. 34 BOUTH THIRD STREET,
PHILADELPHIA
NEW UNITED STATES LOAH.
SUPSORIPTIONS TO THE -
New Five Per Cent. United
States Loan
Received at our office, where all information will be
' given aa to the terms, etc.
JAY COOKE & CO.,
No. 114 EOUTH TIlfRD STREET,
8T6t
PHILADELPHIA.
IVDEW
United Stales Loan
Gold and 5-20s
Converted into New Loam of the
United States on best terms.
DE HA YEN & BB0.,
Financial Agents United States,
No. 40 South THIRD Street.
in
PHILADELPHIA,'
TVJEW
Loan of the United States.
SUBSCRIPTION'S TO 1IIE
New 5 Per Cent. United
States Loan
Received at our Office, where all information will be
given as to terms, etc.
WM. PAINTER & CO.,
No. 36 S. THIRD Street,
8S PHILADELPHIA.
NOTICE.
. Parties wishing to subscribe for the
Hew United States Loans
At Par in Gold,
And who believe GOLD will further decline, can bor
row from us all they require for such subscriptions.
D. C. WHARTON SMITH & CO.,
No. 121 SOUin THIRD STREET,
Authorized Agents for sale of New U. S. Loan. 8 8 tf
5 PER czsriv.
New Uiiited States loan,
Agents appointed to receive subscriptions or ex
change rozi 5-20 BOrJDS.
Books now open and Information furnished as to
terms, etc
ELLIOTT, COLLINS & CO.,
No. 109 SOUTH THIRD STREET, '
8 8tf - PSILADBLPHIA.
DUNN DROTHERG,
Kos. 51 and 53 S. THIRD St.,
Dealers in Mercantile Paper, Collateral Loan,
Government Securities, and Gold.
Draw Bills of Exchange on the Uninn Ran nr
London.and issue traveiiers'.letters of credit through
Messrs. UOWLEd LRUS k CO.. avaliiibia in .n .
cities of Europe,
Make Collections on all points.
Execute orders for Bonds and Stocks at Board at
Brokers.
Allow Interest on DeposiU. subject to check at
Bight. xi