TOE DAILY EVENINO TELEGRAPH PHILADELPHIA, FRIDAT, MARCH 10, 1871.
PUBLISHED EVERT AFTERNOON
(ICHDATS BXCXPTBD),
at the evening telegraph building,
no. 108 8. third street,
Philadelphia,
. The Price it three centt per copy (double sheet),
or eighteen centt per week, payable to the carrier
by whom served. The tubsoription price by mail
it Ifine Dollar t per annum, or One Dollar and
Fifty Centt for ttoo montht, invariably in
advance for the time ordered.
FRIDAY, MARCH 10, 1871.
OT The Evening Telegraph, from
Its original establishment, has been In the
receipt of telegraphic news from the New
York Associated Press, which consists o!
the Tribune, Times, Herald, World,
' Sun, Journal of Commerce, Evening Post,
Commercial Advertiser, and Evening Ex
firess. The success which has attended
our enterprise is, In itself, a sufficient evi
dence of the ireshness, fullness, and relia
bility ol 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.
tiTThe earliest regular edition of The
Evening Telegraph goes to press at
o'clock, and the subsequent regular editions
at 2A, "..J, and k. Whenever there is im
portant news of the complications in Europe,
extra editions will be issued after this hour,
and before the regular time for the early
edition.
THE PROPOSED COMMISSIONS. .
The introduction of the Commission bills,
whether they pass the Legislature or not, will
have served one good end at least, in thor
oughly arousing the tax-payers of this city to
a sense of the danger which threatens them.
It will convince the respectable gentlemen
who now stay away from the polls habitually,
who take merely a mildly sentimental inte
rest in politics, and who have not time to
attend to their public duties, that if they do
not value their liberties enough to preserve
them by paying a slight attention to publio
affairs, the chanoes are that they will not
have any liberties ere long to preserve. We
scarcely expect to make any decided impres
sion upon the non-voting 'respectability of
our city, however, by appeals to
them to aid in preserving our republican
form of government in its integrity, and the
liberty of thought, speech, and aotion which
depends upon it. This theme has been
harped upon until it has ceased to be attrac
tive, and the cry of "wolf, wolf" has been
raised so often that no one pays any attention
to it, and the men who ought to have most
influence in publio affairs attend to their
factories, workshops, and warehouses with
the most perfect confidence that liberty is
secure, and that publio affairs will take care
of themse'ves. This class can be alarmed,
however, when their pockets are threatened,
and the incipient schemes of plunder which
are contained in the three commission bills
cow before the Legislature should open the
eyes of every citizen, and force him to con
sider where we are drifting. The tax-rate
is now $180 on $100, but
it will be no exaggeration
to say that if the proposed commissions go
into operation the rate will, inside of five
years, be increased to $4 or more, and the
city in addition will be burdened with a debt
to which our present pecuniary responsibilities
appear a very small matter. Property-holders
now comp'ain that the taxes are heavy; but
what will they say when they are more than
doubled, as they assuredly will be ? Property
will in very many sections of the city not be
worth owning, with an ever increasing tax
upon it, and a liability at any time to be called
npon to bear the burden of the expense at
tending indefinite ''improvements" pro
jected and carried out by all-powerful and
wholly irresponsible commissions.
The second section of the bill for the crea
tion of the Board of Publio Works-states that
the said board shall have exolusive cogni
zance, control, and management, first for
we need go no further at present than the
first clause in this extraordinary list of powers
granted to the commission "of all highways,
and of the openicg, altering, regulating,
grading, flagging, curbing, and guttering ef
all streets, roads, places, and avenues, and of
the right to purchase, control , end use all
material connectel therewith." This
wake the commissioners absolute
owner) of the streets already in existence, and
of any they may choose hereafter to open in
any section of the city. It has been suggest
ed in connection with the Penn Square agi
tation that it would be a good thing to have
a fine broad street running diagonally aoross
the city, between Penn Square and the Park.
If the commissioners shou'd choose to adopt
this good ide they can, under this bill
cut through all the buildings
in the northwest section of the central por
tion of the city without regard to the wiuhes
of the property-holier, without asking the
opinion of the citizens generally, and without
further legal enactment. They could lay out
a magnifioent avenue of any width, ar pay
any price they might wish for the work, with
out advertising for proposals, or without
allowing any competition. The commissions
could and undoubtedly would give the oon
traots to their creatures, and would pocket
their share of the profits. This is the way
the thing is managed in New York, and the
commission rule which it is proposed to in
augurate in Philadelphia is modelled upon
that of New York, with "improvements."
The Mayor yesterday sent a vigorous mes
sage to Councils upon this subject, whioh
ably reviewed the situation, and whioh
earnestly protested against the iniquitous
attempt to overturn the government of the
city. The Mayor justly said that Councils
might as well adjourn sine die if these bills
should become laws. Councils for their part
passed a resolution to call a grand indignation
meeting to protest to the Legislature against
the passage of the bills. This meet
ing should be held, but other and more
positive measures should be taken to prevent
the consummation of the most impudent
scheme to trample upon the rights of the
people that has hitherto been devised outside
of New York. In the meantime we are glad
to announce "another county heard from" in
the realms of newspaperdom, and to repub
lish the following editorial from the Press of
this morning. The following journals of this
city are now fully committed against the
commission scheme: The Inquirer, the
Public Itecord, the Ledger, the Age, the
Press, and The Evening Telegraph.
The Press Bays:
'Mayor Fox yesterday sent to Councils a special
message protesting against the proposed new High
way, water, and Police Commissions, which states
bo succinctly the radical objection to them, and re
flects so fairly the popular feeling against them.
which atrengthens with every hour, that we feel Im
pelled to call attention to It and Impress Its warn
ing. naiever may oe ue true policy as to me prin
ciple of municipal commissions, and however well In
one or two lastancea they have worked In this
city, there Is no question that such a wholesale
transfer of the bulk of our local government, to
gether with the elective franchise, Is dangerous and
unrepubllcan, and cannot stand. The Instincts of
the masses of the people have taaght them this,
without the need of argument or discussion,
Without regard to party lines, the better sentiment
of the community ranges Itself against this scheme
solidly and inflexibly, and in giving that sentiment
voice and publication we but fulfil the first duty of
dispassionate and even-minded Journalism. The
special committee raised by Councils have decided
on a public meeting In Independence Square, where
the opinion of the people on this question will be
formally and officially pronounced."
As is customary, when any unusually im
posing piece of iniquity is to be perpetrated,
William F. . Smith, Esq., is a prominent
mover in this commission scheme, as will be
seen from the following despatch, sent to
Harrisburg to-day by one of the gentlemen
named in the bill for the creation of the
Board of Publio Works:
"March 10, 18T1 Hon. William F. Smith, nouse
of Representatives, Harrisburg, Pa. Withdraw my
name from the Commission bill. Public opinion is
unanimous against the proposed commissions.
"H. W. Gbat, No. 1103 Chesuut s-reet."
Mr. Gray has also telegraphed to the Gov
ernor informing him of the intense indigna
tion which exists in this city against the pro
posed commissions, and urging him strongly
to veto the bills in case they pass the Legisla
ture. We understand that Colonel John W.
Forney has telegraphed to the Governor to
the same effect, and that he has also demanded
that his name shall be withdrawn from the
Water Commission bill. Let the other pre
sumably honest men nominated for commis
sioners follow the example of these two gen
tlemen, and we shall soon see exactly who the
promoters of this outrageous scheme to
plnnder the city really are.
JJYPERION TO A 8A1YR.
The action of the caucus of the Republican
members of the United States Senate in de
termining to displace Charles Sumner from
his position as Chairman of the Committee
on Foreign Affairs, and substituting Simon
Cameron, hasamazed and startled the nation.
The contrast between the charaoter and ac
quirements of the two men is so marked, the
old chairman being so remarkably well fitted
for the position and the proposed new one
so terribly, disqualified, that an indignant
people may well ask what is to follow this
exchange of a polished statesman for a boorish
and branded jobber. Whatever may be Sum
ner's views on this or that special question, no
man doubts his intellectual greatness or hia
eminent fitness for the high position
he has so ably filled; and
whatever men may think of
the audacity, cunning, and rapaciousness
of Cameron, no intelligent man can believe
that he possesses the qualifications whioh,
from the time this Government was formed,
have been wisely deemed indispensable in the
chairman of the Senate Foreign Eola
tions Committee. The doctrine that
when the king gives the office God
gives the capacity has been,' and may be here
after, pushed to extreme limits; and so.far as
positions in which subordinates can be found
to do the work are concerned, it matters com
paratively little whether the official occu
pant is a man of brains or a
mere figure-head. A few plaoes,
however, still exist in which it continues to
be vitally important that the veritable official
should be competent to discharge, in person,
the duties he assumes before the world, and
of these the position in question is one of
the most important. They may set up
automaton Cabinet officers at Washington
without serious detriment to the publio in
terests, and clerks and heads of bureaus can
still run the machine in good style, but when
the highest deliberative legislative body
in the land discards Charles Sumner
and selects Simon Cameron as its instructor,
its leader, its organ, and its inquirer int j the
complicated details connected with foreign
relations, the school-boys should no longer be
surprised that a horse was made consul in
Borne. To strike Charles Sumner down on
account of a difference of opinion with the
administration on a single question is in
itself one of the greatest of political out
rages, and it affords a fearful indication that
the independence of which the Senate
once boasted, ' and which is the
Ligbest virtue that it can possess,
no longer exists. Such aotion will go far to
spread abroad the damaging and disastrous
conviction that the Senate is only bold and
defiant & against the people, and that it
crouches at the feet of the temporary custo
dians of patronage and power. But when
this change is aggravated by the substitution
of Cameron for Sumner, the whole land may
well blaze with indignation. It is bad enough
that be is in the Senate at all, bad enough
that be was ever made Secretary of War to be
formally condemned by a Congress of his own
party, bad enough that he was sent to
Russia to endanger the interests of his
countiy by discourtesy to a friendly power
and by flagrant official neglect, but to make
him chairman of the Committee on Foreign
Relations would be a crowning and ineffable
national disgrace. It is a thousand times
more important that the Senate should have
in such a position a man who can speak intel
ligently to it, and for it, as Sumner can and
Cameron cannot, than that it should be filled
by a man who is in all things in harmony
with the administration. San Domingo was
no test at the polls in 18G8, in 18G0, or in
1870, and it Is vain to attempt to crush out in
dependent opinions on such a subject now. If
this test can be enforced under present cir
cumstances, the Senate will sink at once
from its high and honored position to the
low and menial grade in legislative bodies
which was occupied by the French Senate
appointed by the Napoleon who is now ex
piating his follies and his crimes at Wilhelms
hohe. The outrage is intensified rather than
excused by the poor plea advanoed in support
of it, and if the action of the Republican
caucus is confirmed, the country will stand
aghast ' as it turns from a contemplation of
Sumner s attainments to a vain attempt to
explore the depths of Cameron's ignorance
and incapacity.
Independence IIall is regarded throughout
the civilized world as a temple consecrated to
the great doctrines that governments derive
all their just powers from the oonsent of the
governed, and that there shall be no taxation
without representation. The Legislature
proposes to rob the people pf Philadelphia
of all possible share of the blessings which
all free citizens derive from these vital
principles.
THE LESSON OF PARIS.
The Proposed Fortlflcntion of London.
The London Timet says: One Item of Mr.
Cardwell's estimates is for surveys of defensive
positions round London, and between London
and the coast. So much was due to public im
patience, n not to toe necessity of the case; for
London cannot see her next sister besieged and
taken by a stern and angry foe without au
awakening of misgivings for her own safety. It
is obvious, indeed, at the first sight, that in
almost every condition and circumstance that
might be named, the case of London Is
the very contrary of that of FarlBi and that.
even were it admitted that the fortifications of
Pari" have proved a real service to the capital
or the nation, it would not follow that London
should also be fortified. It is remarkable that
often as London has had reason to dread Inva
sion, and often as great military authorities
have sounded the alarm and told London to take
care of herself, the result has uniformly been
confined to tbe further fortification of our ports
and arsenals and of our coasts. Some hundred
Martello towers and the remains of earth
works at a few points - of vantage on the
"great Kent road'f are the only memorials of
panics which certainly were not without founda
tion. But the fortincation of London has
always been found, not exactly an impossible
problem, but one without a finite and actual
solution. It would be easy enough to construct
any number of forts about London, very difllcult
to be taken, if defended, and consequently giv
ing at least a long respite to the metropolis,
but while the engineering question can be
brought within reasonable compass, it Is not so
with the practical considerations. No sooner
are engineers set to work on the problem than
they find it rapidly growing on their hands, till
it ends in the contradiction that the coast is tbe
true line of defense.
NOTICES.
TWO QCK8TI0N8 Answirkd.
Q. Where shall I get my Spring Overcoat?
A. I saw at Wanamaker A. Brown's over 1500 of
all styles and prices, from a "song" up to 125. Their
Blues, Browns, and new leather colors are beautiful.
Q. Where can I get the most substantial and
cheapest Clothes for my Boys?
A. Tbe largest assortment in Philadelphia is on
the first floor of Wanamaker & Brown's, and this
year their stock U better than ever.
Oak Hall la on tbe corner of Sixth and Market
streetr.
BiWakamaE'EB & Bhowm over the door.
QROOERIES, ETO.
TEAS! TEAS!
Jjst iece!ved overland a fn sh invoice of
y NEW CROP
Green and Black Teas
Of all kinds and qualities, at greatly reduced prices,
some of whfch are put up in quarter boxes expressly
for family trade, which are of very fine quality, and
will be sold a bargain. ,
CRXFFEEJ 6L XVIADDOCXX,
Importers and Dealers In Fine Groceries,
Ho. 115 g. Til I It I Street,
8 S tuftu3t4p
Below Chesnut.
OPTICIANS.
SPECTACLES,
MICROSCOPES, TELESCOPES, TIIKIt
MOMETEKS, MATHEMATICAL, SUR
VEYING, PHILOSOPHICAL AND
DRAWING INSTRUMENTS
AT REDUCED PRICKS.
JAMES W. QUEBN & CO..
780 mwfUp No. 924 CHESSUT Strep. Phlla.
HATS AND 6APS.
WILLIAM II. OAKFORD,
HATTEU,
So. 013 CIIES;i;t Street.
SPRING STYLES NOW KEADV.
Patronage respcctfaily solicited.
P. F.-SOLK AGENT FOR AMIDON'S NEW
YORK HATS. s io fmwl3trp
TT WAR BURTON'S IMPROVED VENTILATED
d land eay-ll'.tiDg DREsd HATH (patented). In ail
Hie liuprovtd fashions of tlie mhou. C'liKSNUT
bireet, next door to the foot Ottlce. rpi
FINANOIAL.
NEW LOAN OP THE UNITED
IMPORTANT CIRCULAR.
STATES.
TREASURY DEPARTMENT,
Washington, February S 18T1.
Public notice Is hereby given that books will be
opened on the sixth day of March nest, In this
country and la Europe, for subscriptions to the Na
tional Loan, under the act approved Jniy 14. 170,
entitled "An act to authorize the Refunding of the
National Dent," and the act In amendment thereof,
approved January to, 1811.
The proposed loan oomprlses three classes of
Bonds, namely:
First. Bonds to the amount of five hundred mll
lllons of dollars, payable In coin, at the pleasure of
the United Watos, after ten years from the date of
their lssue.and bearing interest, payable quarterly In
coin, at tbe rate of five percent, per annum.
Second. Bonds to the amount of three hundred
millions of dollars, payable In coin, at the pleasure
of the United States, after fifteen years from the
date of their Issue, and bearing interest, payable
quarterly m coin, at the rate of four and a half per
cent, per annum.
Third. Bonds t3 the amount of seven hundred
millions of dollars, payable In coin, at the pleasure
ol the United States, after thirty years from the date
of their issue, and bearing interest, payable quar
terly in coin, at the rate of four per cent, per
annum.
Subscriptions to the loan will have preference In
the following order, namely
First. Subscriptions that may be first made for five
fer cent, bonds to the amount of two hundred mil
ions of dollars ; of which there will be reserved for
twenty days, one-half for subscribers In tbts country
and one-half for subscribers In foreign countries.
Second. Subscriptions for equal amounts of each
class of bonds.
Third. Subscriptions for equal amounts of bonds,
bearing Interest at tbe rate of four and a half per
cent., and of bonds bearing Interest at the rate of
live per cent.
Fourth. Subscriptions for any five per cent, bonds
that may not be subscribed for In the preceding
When a subscription is made the subscriber will
be required to deposit two per cent, of the amount
thereof In coin or currency of the United States, or
In bonds of the class to be exchanged, to be ac
counted 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 thelrpar 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 Issued with cou
pons, as may be desired by the subscribers. Regis
tered bonis will be Issued of the denominations of
to, 1100. tsoo, looo, 5000, and $10,000, and coupon
bonds of each denomination except the last two.
The interest will be payable In the United States, at
the ofllce ol 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.
The bonds of the several classes aforesaid, and the
Interest thereon, are exempt from the payment of
all taxes or dues of the United Jitates, 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 negotla ton of the loan lu
Europe are authorized to make arrangements with
subscribers for the transmission or bonds to the
agents through whom subscriptions may be received.
Subscribers in the United States will receive the
new bonds of the agents with whom the subscrip
tions are made.
In the United States, the national banks are autho
rized to receive subscriptions, and subscriptions may
also be made at the oillce of the Treasurer of the
United States, or of any Assistant Treasurer or the
designated depositaries at 13 u Halo, N. Y.; Chicago,
111.; C'Incinnatl,Ohlo; Louisville, Ky. ; Mobile, Ala.,
and Pittsburg, Pa.
The following banking bouses are also authorized
to act as agents In receiving subscriptions in the
United States, viz:
NEW YORK CITY.
Austin, Baldwin & Co.,
Baker & Kitchen,
A. Belmont & Co.,
Blake Brothers A Co.,
Brown Brothers & Uow
Budge. SchiffA Co ,
Cecil, Stout & Thayer,
John J. Cisco & Son,
Clarke, Dodge & Co.,
Henry Clews A Co.,
Jay Cooke & Co.,
Thomas, Denney & Co.,
Drexel, Winthrop fc Oo.,
Duncan, Sheruan & Co.
Flsk & Hatch,
Frank & Uaus,
Gibson, Casanova & Co.,
James G. King's Sons,
nouaiz isroiners,
Leonard, Sheldon A Fos
ter, Maltland, Phelps & Co.,
Marx fc Co.,
Morton, Bliss & Co.,
P. M. Myers & Co.,
Oeorge Opdyke & Co.,
E. D. Raudolph At Co.,
held, Leo & Content,
Security Bank,
J. A W. Seligman & Co.,
Soutter A Co.,
Edward Sweet & Co.,
Moses Taylor & Co.,
Trevor A Colgate,
Turner Brothers,
Union Trust Company,
Van Schaick & Co.,
Vermlll ve & Co..
Olentfinnlng, Davis &.
Amory,
Hatch A Fcote,
W. T. Hatch & Son,
Edward Haight.
H. A. Heiser's Sons,
L. Von Hoirman & Co.,
' , niu , V Mil
Dabney, Morgan A Co.,
liowes & Aiacy,
Winslow, I anler A Co.
I'll ILAUULf U1A.
Barker Brothers St Co.,
Henry L. Fell fc Bro..
v. & u. none,
C. Caniblos & Co.,
E W. Clarke &. Co.,
Jay Cooke A Co.,
De Haven &. Bro.,
Drexel A Co.
Elliott. Collins A Co..
Gaw, Bacon A Co..
Glendinning, Davis A Co.,
W. H. Newbold, Son &
Aertsen,
w. Painter A Co.,
Sailor & Stevenson,
I). C. W. Smith A Co.,
Townsend Whelen A Co.
Emory, Benson A Co..
PITTSBURG.
James T. Brady A Co.,
N. Holmes A bona,
Masonic Deposit Savings
CUB,
S. Mniean r.n
PENNSYLVANIA.
Altoona Kerr A Co.,
W. M.. Lloyd A Co.
Bedford Reed A Schell.
Bellefonte William F. Reynolds A Co.
C banibereburg Austin, Elder A Fletcher.
Doylestown J. Hart A Co.
Ebensburg Lloyd A Co.
Franklin R. Lamberton.
Greensburg Lloyd, Huff A Co.
HarrlBburg Dauphin Deposit Bank.
Dougherty Brothers A Co.,
Mechanics' Bank.
Lancaster Evans, McEvoy A Co.,
Reed, McUrann A Co.
Meadvlllle J. R. Dick A Co.
Oil City OU City Savings Bank,
ltenovo R. B. Caldwell A Co.
Scranton George Sanderson A Co.
Sharon J. Bleakley, Son A Co.
Somerset Schell A Klmmell.
Titusvllle Farmers' and Mechanics' Bank.
Towanda G. F. Mason A Co.
Pomeroy Brothers.
Tyrone Lloyd, Caldwell A Co.
Washington Samuel Hazlett.
West Chester Kirk, McVeagh A Co.
WUkesbarre A. H. Emley.
F. V. Rockafellow.
GEORGE S. BOUTWELL,
Secretary ol the Treasury.
PROGRESS OF REDUCTION OF TUBLIC DEBT
OF UNITED STATES.
.Maximum Debtateloteqf Prefnt Out.
M ar D'bt Last AdminU- ntandituf
July 81, lttoo. tration, March Veht, Mtirch
Five-twenty 6 X'1869- l'l87L
perct. stocks. CO0,6C9,50O 1,602,CS7,350 1,424,098,300
Other six per
cent, stocks.. 802,301,042 283,67T,400 883.673,100
Ten -forty five
percent.Stock 172,770,100 194,667,800 194,567,300
Other live per
cent. Stock.. 27.022.CO0 27,022,000 20,000,000
Three-year 7 80
per cent.
notes 830,000,000
Three-year six
per ceat.notes. 212,121, 470
Total funded ..2,150,784,112 2,107,854,050 1.922,844,700
Greenback
notes 1473,114,799 350,021,073 856,100,180
Greenback cer-
tincates 205,622,848 71,140,000 65,238,000
Gold certitt-
catea 28,775,660 29,657,600
Fractional cur
rency 25,750,033 86,781,847 40,673,748
Past-due notes
and bonds... 17.2CS.120 6,422,464 8,261,112
Total Trea- "
sury circu
lation 721,950,796 499,140,644 484,830,640
Lees gold la
Treasury... 85,337,853 98,741,201 103,174,209
686,612,98 400,899,388 831,656,837
Less currency
balance.... 81,401,77 16,653,629 20,854,600
Net Treasury
Circulation 605,811,163 883,545,854 860,031,731
Total prlncl-""
pal of debt. 2, 768,995,275 8,491,399,904 8,S3,145,431
Y early interest
in gold 104,419,623 1 24,255,350 113,194,949
Yearly interest
lu currency.. 67,412,423 8.134,200 1,657,140
Total amount
or interest
Charge 151,8U2,061 126,89.650 114,S52,059
FINANCIAL.
Z1HV7 7 30 GOLD LOAIJ.
SAFE I PROFITABLE 1 PERMANENT! !
We offer for Sale at Par, and Accrued Interest, the
FIRST MORTGAGE LAND GRAND GOLD BONDS
Of THS
MIBE8X fitfflC RAILROAD CO.
These bonds are secured, rt.byaFtrst Mort
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 Bonda are free from United States Tax; the
Principal and Interest are payable In Gold the
Principal at the end IThirty years, and the Interest
Hemt-annually, at the rate of SEVEN AND THREE
ENTUS PER CENT, per annum.
I'ney are Issued in denominations of 1100, $50C,
.iOoo, 5000, and llO.ooo.
The Trustees under the Moitgage are Messrs. Jay
Cooke, of Philadelphia, and J. Edgar Thomson.
President of the Pennsylvania Central Railroad
Company.
These Northern Factflo 7-80 Bonds will at Ul 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 Bonda
yield an Income larger, we believe, than any other
first-class security. Persons holding United States
6-20B can, by converting them into Northern Pacifies
Increase their yearly Income one thvd, 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 price for ALL MAR
KETABLE SECURITIES.
JAY COOKE Ac CO.,
Fiscal Agents Northern Pacific Railroad Co.
For sale in Philadelphia by '
I). O. WHARTON SMITH & CO.,
No. 121 South THIRD Street.
GLENDINNING. DAVIS S CO.,
No. 43 S. THIRD Street.
BOWEN A FOX,
No. 13 MERCHANTS' EXCHANGE.
SEVENTH NATIONAL BANK,
N. W. cor. FOURTH and MARKET.
T. A. DIDDLE & CO.,
No. 826 WALNUT Street.
WM. PAINTER & CO.,
No. 86 South THIRD Street.
BULL & NORTH,
No. 121 South THIRD Street.
BARKER BROS & CO.,
No. 23 South THIRD Street.
EMORY, BENSON & CO.,
No. 6 South THIRD Street.
B. K. JAMISON & CO.,
N.W. corner THIRD and CHESNUT.
P. S. PETERSON & CO.,
No. 39 South THIRD Street.
TOWNSEND WHELEN & CO.,
No. 809 WALNUT Btreet.
CHARLES B. KEEN,
No. 898 WALNUT Street.
JNO. S. RUSHTON & CO.,
No. 60 South THIRD Street.
NAUR & LADNER,
No. 80 South THIRD Street.
M. SCHULTZ & CO.,
No. 44 South THIRD Street.
BIOREN & CO.,
No. 160 South THIRD Street.
JOHN K. WILDMAN,
, No. 26 South THIRD Street.
CHARLES T. YERKES, JR., & CO.,
No. 20 South THIRD Street.
WILLIAM T. ELBERT,
No. 821 WALNUT Street
J. II. TROTTER,
No, 822 WALNUT Sfreet.
S. M. PALMER & CO.,
No. 86 South THIRD 8treet.
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. 148 South THIRD Street.
STERLING & CO.,
No. 110 South THIRD Street.
WILLIAM C. MORGAN A CO.,
No. 23 South THIRD Street.
G. & W. Y. HEBERTON,
No. 62 a THIRD Street.
JAMES E. LEWARS & CO.,
No. 29 S. THIRD Street.
JACOB E. RIDGE WAY,
No, 66 S. THIRD Street.
W. H. SHELMERDIWE,
No. 10 S. THIRB Street.
1 26 tuwthfs40t
Wilmington and Reading
Railroad
7 TER CENT. JJOrJDS,
Free of Taxes.
We are now offering a limited amount of the
At anil Accrued Interest.
The Bonds are Issued In
$1009, 5500s, and SI OOOs,
COUPONS PAYABLE JANUARY AND JULY.
We placed the FIRST MORTQAor Tthwna f
this Company at 88 per cent. They are now bringing
vu iue upeu morsei vo per cent, xms fact la strong
evidence of the standing and credit of this Com
pany. The road Is now finished and doing a large and
profitable business.
WM. PAINTER & CO.,
BANKERS,
And Dealers In Government Securities,
No. 3G South THIRD Street,
PB I L ADELPHI A.
5SO 530
- BANKER.
DEPOSIT AnryimiTs wwmtTvim wn rumm
KJST ALLOW KD ON DAILY BALANCES.
PUKCUAHB AND 8 ALB OJf ALL KKLLUBLS iJ.
vuitu-iftn.
COLLECTIONS ilADB KVKKYWHBRK.
REAL JEdTATB COLLATERAL LOAN WKftO
TIAT&D. f8Jia .
No. 680 WALNUT 8L, PMlal.
FINANCIAL.!
JAVING BEEN APPOINTED AGENTS
FOR THE SALE AND EXCHANGE
or TBI
NEW UNITED STATES LOAN,
We would tender our services to Investors or hold
ers cf old loans desiring to make exchange.
DREXEL & CO.,
So. 84 SOUTH THIRD STREET,
PHILAD3LPHIA
tiLW UNITED STATES LOAN.
SUPSCRI?TIOXS TO THZ
New Five Per Cent. United
States Loan
Received at our office, where all Information wui be
given as to the terms, etc.
JAY COOKE & CO.,
No. 114 SOUTH THIRD STREET,
BT6f PHILADELPHIA.
NEW U. S. LOAN.
GOLD JKJSJD 5-SOs
Converted into New loam of tha
United Statei on best terxni.
DE HA YEN & BRO.
financial Agents United States,
No. 40 South THIRD Street.
611
PHILADELPHIA.'
IVJSW
Loan of the United States.
SUBSCRIPTION'S TO HIE
New 5 Per Cent. United
States Loan
Received at our Office, where all informstioa will be
" given as to terms, etc.
WM. PAINTER & CO.,
No. 36 8. THIRD Street,
8S PHILADELPHIA.
NOTICE.
Parties w lsntng to subscribe for the
New United States Loans
At Par in Gold,
And who believe GOLD will further decline, can bor.
row from us all they require for such subscrlptloas.
D. C. WHARTON SMITH & CO.,
No. 121 SOUTH THIRD STREET,
Authorized Agents for sale of New U. 8. Loan. 3 S tf
5 ran cent.
Hew United States Loan.
Agents appointed to receive subscriptions or ex
change
XOXl 5-20 BOUDS.
Books now open and Information furnished as to
terms, etc
ELLIOTT, COLLINS & CO.,
No. 109 SOUTn THIRD STREET,
, 8 tf PHILADELPHIA.
DUNN DROTIICRO,
BAIVIIEIIS,
Nos. 51 and 53 S. THIRD St.,
Ttaaler. In Mere&ntllA Pa hap rvi t-..
- - , vuvvifiU IMHUM,
Government Securities, and Gold.
Draw Hills of xohange on the Ualon Bank of
Tsndon.&nd lasna trvellr' lAttAra ..r .w
.-. v. viouj, imvazn
Messrs. BOWLES BROS k CO.. ivaiiahi.. ... .,, .Z.
w ui mil Liia
cities of Europe.
VaVa Collections on all point.
Execute orders for Bonds nd Stock. r h.m r
" V.
Brokers.
Allow Interest on Deposits, subiect tn f.pk t
'gut. 19
v