THE DAILY hv'ENINU TELEGRAPH PHILADELPHIA, THURSDAY, APRIL 20, 1871.
2
sriitiT OF TUB ritSS3.
EDITOBIAIi OriNlONS OF THE LEADISO J0URNI-8
VPOS CURRENT TOrlOS COMPILED EVERT
PAY FOR THE EVENIN3 TELE9RA.rH.
roivruauESE responsibility ron
THE ALABAMA..
From tht N. r. World.
The cable tolls ns that the London Timet
of laat Monday, in a leader on the High Com
mission, says:
"Thecaacof the Alabama has always created a
feeling of insecurity In Kuglund,- and has daino
ratlzed American politic. We hall the possible set
tlement, and think that the arbitrators will acquit
England of responsibility for the deeds of the Ala-
I) All) A '
The Timn adds that the Alabama was partially
fitted oat at the Azores, and hence 1'ertugal is liable
to our experience."
We are at a loss to see how the Alabama
case has demoralized our politics. On the
contrary, our politics on the point of British
liability is especially clear and constant.
"We bail the possibility of a just settlement
as warmly as does the Times, but a treaty
which acquits "England of responsibility for
the deeds of the Alabama" would not be
worth, with our people, the pnpor on which
it is written.
As for Portuguese liability, we can say to
the Times that we have a responsible party in
Great Britain, and we snail not let the origi
nal drawer of the bill slip our grip. And be
sides Portugal was never indorser. Messrs.
Laird, of Birkenhead, contracted with Gap-
tain Bullock, in behalf of trie Confederates,
to build the Alabama for about $250,000, in
cluding provisions for four months. The
money was paid in chief part through Frazer,
Trenholm & Co., of Liverpool. The British
Government had notioe of her ownership and
destination. She sailed three or four days
sooner than she expected, on account of
information received that the ministry
contemplated tier seizure, bne left Liver
pool Wednesday, duly xj, IS02. ran
down to Moolfla Bay, and lay there all the
next Friday morning undisturbed, when she
went to the Azores through the Irish Channel.
The passage was made in ten or eleven days.
At Porto Praya the bark AerripDina. from
Liverpool, under the British flag, hauled
alongside. Two or three days after the
steamer Bahama, from Liverpool, arrived
witli the oiiicers for the Alabama, and took
the Agrippina in tow round to Angra, where
the whole party was ordered off by the autho
rities, and ttie tnree vessels put further out to
sea: and tnen into the Alabama were dis
charged her guns, supplies, ammunition, eto. .
all under the British flag. When everything
was ready Captain Semmes assumed command
and the Confederate nag was hoisted.
The whole enterprise, from the beginning
to end, was Confederate and British. No
officer or servant of her Britannio Majesty
ever interfered in Liverpool, Moelfia Bay, or
the Azores to destroy the Bchemo. On the
other hand, not a Portuenese encouraged.
participated in, or tolerated it. Big England
cannot eiiuiK benind little Portugal.
TITE EPISCOPAL PROBLEM.
From the Oolden Age (edited by Theodore Tilton).
Our Episcopal brethren are considerably
troubled and somewhat vexed by the state of
their usually placid communion. Mr.
Cheney's parish sustains him with a unanimity
' and enthusiasm which is one of the most en
couraging signs of the times in the religious
werld; and though the High Church papers
reported mat ne uaa been guilty of adminis
tering the rite of Confirmation, thus usurp
ing the functions of a Bishop, the statement
was at once authoritatively contradicted, to
the evident chagrin of those who wished to
make capital against this courageous and
popular representative of freedom as against
ecclesiastical despotism.
Dr. Cooper's withdrawal from the Episco
pal fold in consequence of the constant
tightening of the lines and turning the
Bcrews upon the mind and conscience of those
who dare to reason and to feel, is an intima
tion whose significance only the blinded
bigots fail to see. The Protestant Church
man, one of the ablest journals in the body,
deplores "the wretchedness of the system
which drives tuch men from our ministry,"
and says: "We have the strange fact pre
sented to us that while the Church of Eng-
land is mannestiy too rigid and uncompre-
bensive to retain its position
as a National Church, the
Episcopal Church in this country has
become still more nnelastio and intolerant;
and unmindful of the fact that, not being an
Established Church, she has not that hold
upon her children, she not only closes her
doors upon many who would do her
honor, but crowds soores of clergy and hun
dreds of laity out of her fold. This is owin
partly to the apathy of many of our laity, an
partly to tne narrowness oi many ot oar
clergy, but still more to the crafty designs
oi some or our bishops, the yielding com.
pliance and folly of others, and the weak
ness and cowardice of some, who, not with
standing the solemn responsibility of know
ing their duty, 'let dare not wait vj)on 1
would.' "
One of two things it would seem is inevit
able: cither the Episcopal Church must break
asunder or liberalize. Its leaders have to
choose between gradual and pacific renova
tion, or a stormy revolt which may shatter
the Church itself to pieces. Eight years after
the revolution, the Lpiscopal Convention at
Philadelphia did its best to Americanize that
Church. It dropped the Nioene and Athana
sian creeds.cut down the Artioles from thirty
sine to twenty, and erased "descended into
hell" from the remarkable instrument known
as the Creed of the Apostles. These exci
sions indicate the liberality and progressive
spirit of that early day; and had this liberal
spirit and progressive policy controlled its
subsequent action, and continued to char
acterize its doings, it would have been the
most important and influential, if not the
largest and most popular, Church in America
to-day. But that Church has gone back on
her history, bartered away her birthright for
baubles, and lost her splondid opportunity
beyond recovery. Whether she can save her
self from dismemberment depends almost
entirely npon whether her leaders will adjust
her doctrines and ritual to the actual faith
and needs of our people. Will they make
that Church the educator of souls and a force
in American society, or merely a depository
. ii l t :i i i
OI antique meuiugiuui turuuure, uuu a gai
lery for the exhibition of ecclesiastical mil
linery? The Church was made for men
From the aotion of the Episcopal leaders it
would seem that the Church was made for
bishops.
THE TKUE BOUNCE OF REPUBLICAN
COKUUPTION.
from the X. Y. Time.
Henator Fenton denies that he is in any way
responsible for the treachery of Wiuans. We
are veiy glad that he is able to do so with a
clear conscience. His friends, however, make
a f reat mistake in charging upon ui the sale
ref ponsibility of the reports which implicate !
him. The Albany correspondents of several
papers mentioned these reports aa having ob
tained wide circulation; and the truth Is that
(Senator Fenton's own actions gave rise to
them. We pointed out as a strange and "on-
foitunata coincidence that Senator 1 enton
Maonld have held a prolongod interview with
Jay Gould on the very day before Wi
nans announced his transfer to Tam
many and Erie. Mr. Gould did not call
upon Sir. r enton, as the Trvmne
insinuates. Senator Fenton went to tho Erie
cftices to 6ee Mr. Gould, aud the fact of the
interview was well known in the city on Fri
day night, before Winans' defection was
beard of or suspected, btnalor J enton s past
connection with Erie, the obligations he owes
to the directors and the favors they owe to
him, have long been well understood. When
the traitor was found to be au Erie man, from
Senator Fenton's county, people could not
help "putting two and two together, and
coming to the conclusion that Senator Fenton
had been consulted in the transaction.
Undoubtedly we could not have had proof
that Mr. Fenton "desired, or suspected, or
imagined, that Winans would betray his
party," for positive proof is never attainable
in such cases. Senator Fenton was not likely
to put his name to any document which would
implicate him in the business he is too old
a politician for that. Few men are less likely
to commit themselves in Buch a way as to be
inconvenient hereafter. The Tribune says he
is not a fool no one ever suspected him of
being that. In such cases, as in many others,
people judge from circumstantial evidence,
and the presumptions here were much
against Governor Fenton. A man some
times sutlers through keeping bad
company it is unavoidable. It is a well
known, and most deplorable fact, that the
greater number of Mr. Fenton s friends in
this city are men who are always doing the
work of Tammany and doing it in scarcely
a less disgraceful manner than that in which
Winans performed it in Albany, ihey are
men who are .in the pay of lammany,
and are only employed by the Tammany
leaders because they are useful to them.
Jhey call themselves Republicans, while
they do all that lies in their power to keep the
corrupt Democrats in possession of the
State. nonest Democrats, who wish as
heartily as we do to see Tweed and his
clique broken down, know very well that the
greatest obstacles in their path are created by
the "Tammany Republicans. " To this class
of Republicans almost all Senator Fenton's
friends belong. When, therefore, another
I ammany Republican turned up at Albany,
Irom senator i enton s own county, the cone-
ral rumor was that Senator Fenton could not
have been without some foreknowledge of
the occurrence. Men who are practically
working for Tweed aud his gang nine days
out of ten have not much ricrht to com
plain if, on the tenth day, they are wrong
fully suspected of carrying on the same line
of business.
If Senator Fenton is in earnest in saying
that he deplores the Republican divisions in
New lork, and condemns any conduct or
course of action which "does not tend to
strengthen our cause," he will undoubtedly
separate himself unequivocally from the
"Republicans who are employed by lam-
many to weaken and distract the party. He
is far too sagacious a man not to perceive
that the prime cause of our weattnes here is
the presence in our ranks of men who are
slavish dependants of Tammany. They are
always scheming against us, and just now
they nave a double motive for scheming,
since they are bitter enemies of the .adminis
tration. It is useless for a man who is
foremost in creating dissensions to say, "let
ns all be go.d friends together." He himself
renders reconciliation impossible. If Senator
Fenton would assist in the work of sifting
out the false Republicans from the true ones,
be would afford the best possible guarantee of
the sincerity of his present professions. How
can he reconcile it with a desire for Repub
lican unity to countenance men who are help
ing to support the rule under which corrup
tion runs riot a rule which can be guilty of
such "legislation" as we have seen during
the last few days at Albany llis republi
can associates, who are in the pay of 'lam-
many, and the men who are trampling under
foot the principles of free government, are
all in the same boat together. This is not
a time in which any .Republican oan serve
the Democrats without treachery to his own
party. Events have brought out the issue,
purity against corruption, into very bold
relief, and he who is not with us in the con
test for right is against us. Senator Fenton's
political friends in this city are almost all on
the side of the party which adopts corruption
as the only principle of government worth
lighting for. if he thus allies himself with
iammany, ho must expeot to share the
odium of Tammany's violent and iniquitous
proceedings of such bills as those which
have been rushed through the Legislature
during the last forty-eight hours, the Gov
ernor, meanwhile, standing ready with pen
in hand to sign them, republicans ought to
be arrayed as one man against Tammany in
the presence of a crisis such as that in which
we are now placed but they are not; many
of them are paid to give succor and support
to the knaves who are turning legislative
government into a farce. Among such men,
Senator t enton s friends are very numerous.
He cannot divest himself of all resposibihty
for the course they pursue. His influence
is great, and if he exerted it on the right
side Iammany would soon lose all its Repub
lican supporters. Until that result is accom
plished, or Senator Fenton has tried to ac
complish it, we shall have incessant and
hopeless divisions in the Republican party,
and benator 1 enton s professions about de
siring to see it reunited will be received with
incredulity, if not with derision.
F ARTISAN TAXATION.
From the K. Y. Journal of Commerce,
The method now adopted of enforcing the
payment of an income tax is more glaringly
unequal, and subject to more partisan op.
rresbioD, than in any lormer year. The new
law exempts all incomes under $2000, and
the testing process is so arranged by the de
partment that every man who chooses not to
make a return is let alone or noriu the plea
sure of the assessor. The object of General
Pleasonton in this ruling was undoubtedly to
mate the bj stein as uttie uuraensome as pos
...... - -
sible to the mass of the people; but It places
every man in the community entirely at the
mercy of subordinate officials, many of whom
are certain to use the power for partisan in.
nuence and success.
Under the old law every man was obliged
to make a return whether he had any income
or not, and thus (although, by the conditions
of application, great inequality prevailed)
all were brougut aline into the presonoe of
the law, end made to testify under oath to
the truth of their declaration. Even where
such apparent equality prevailed, there were
cases of hardship and oppression, where in
dividuals who were obnoxious to the minor
oilicials upon personal or political grounds
vieremaue to fculler indignity, were pu to
perious trowblo in defending themselves from
evident injustice, aud, iu too many cases,
were actually wronged witnont any sumcient
legal redress within the possibilities of the
case.
When the question of contiuuina this tax
came up in Congreps, we were almost alone
ill our prediction that the dominant party
would not relinquish the power it gave them,
to be used for political ends in a quiet but
efficient way in every community. That
prediction was ridiculed, but vindicated in
the result, and the tai was reimpoaed in a
still more unjust and tyrannical form. Hire
are a thousand people in one community, but
the tax, in theory, is to rest only upon those
whose income exceeds two thousand dollars.
If every one made a sworn return, much in
justice would still prevail, but there would be
equality In terms. As now interpreted, how
ever, the law is held not to require this. Those
whose income is not $2000 need make no re
turn: and every man who is let alone, even
though his income is $10,000 a year, need
make no return, if he is all right with the
assessor, he may (bus be let off, and ho makes
no sign himself. If tho assessor will, hew
ever, he can not only hunt ont very sharply
mope opposed to him who ought to mako a
return, but he can require every man he
chooses to suspect, to submit to a rigid ex
amination and establish his right to the ex
emption. Those who cannot see in the pos
session of such power the means of politioal
intimidation, coercion, or retaliation, must
understand very little of human nature and
the wiles of a party campaign. It is this hold
ripen their fellow-citizens which the income
tax gives to those in power that led to its re
newal for another term.
We do not see any legal protection that can
be given the private citizen against this
tyranny and injustice, nor are we sanguine in
regard to the hnnl remedy for the enforce
ment of the tax. Such a levy is unconsti
tutional beyond all reasonable doubt; but
the courts are in the hands of the oppres
sors, and civil process has been purposely
so hampered and restrained by them, that
it can neither be used to prevent the wrong.
nor to furnish prompt redress for those who
sutler.
Our faith in the security of rights both of
person and property on the ground of their
recognition in that solemn covenant, once
held so sacred, has been very much shaken
within the last few years. The Constitution
has proved a vain defense against the will of
a strong party possessing the reins of govern
ments; and, although the end of the struggle
is not yet, our past experience has taught us
that nothing in that instrument will stand be
fore such tyranny in its determined efforts to
perpetuate its own authority, and retain its
ascendency in the place of power.
COMPOSITION OF TnE SPANISH
CORTES.
From the 2f. Y. Tribune.
The despatches which came by cable an
nouncing the entire success of the Govern
ment party in the Spanish elections, are not
confirmed by the fuller advices received by
mail. Ihese indicate that the Ministry will
have no more than a bare majority for the
transaction of business in the present Cortes.
The Ministry counts only 185 supporters to
confront an opposition numbering 174. It is
true that this opposition is by no means
homogeneous, embracing, in fact, the most
violent political adversaries, lucre are 01
republicans, 57 Carlists, 48 conservatives, and
8 friends of .Lspartero. It would seem im
possible to harmonize, even on a point of order,
such furiously conflicting elements but in
reality a coalition for a given purpose is fre
quently formed, and successfully carried out,
by the fractions we have mentioned. The
Government phalanx is not much more ooin-
pact or trustworthy. It consists of 120
Progresistas, 45 Unionists, and 20 Demo
crats. As long as the powerful social and
political influence of General Prim remained,
there seemed some prospect ot holding this
motley party together; but it requires little
foresight to predict the wranglings and jea
lousies which will soon pervade it, when the
distribution of the prizes of place and power
occupies the attention of the Cabinet. Already
there is a feeling of some bitterness among
the Progresistas that the Unionists have re
ceived so unequal a share of the spoils of
office from the new dynasty. Serrano, the
head of that small but able party of intri
gants, is President of the Council, and natu
rally favors his own partisans at the expense
of the old friends of Prim. The Democrats
are liable at any moment to follow their
natural inclinations and unite with the Re
publicans, with whom they have far more
sympathy than wita the reactionary and time,
serving Unionists.
On the other hand, the opposition is so
divided that it Is ineuioient for any other pur
pose than to retard legislation and embarrass
the proceedings ot the majority. There can
be no point in common in matters of principle
or policy between the jxepubiicans and the
Carlists, and yet they agree so heartily in their
enmity to the dynasty ot bavoy that in the
elections,where the canvass showed a majority
of one of these parties, the other sustained its
candidates against the ntricial nominees. In
addition to thcs coalesced champions of
liberty and despotism, there are -n the op
position benches some half hundred so-called
conservatives, chiehy old-fashioned place
holders, who expect to share again in the
emoluments oi omoe u tne uueen or her son
returns. The eight Esparterists are worthy
old gentlemen, who nave a teliow-feeline for
the gray nairs oi me- nero oi Xjocrono.
and who can be tnorougniy relied on never to
do an ininroner or a practicable thine.
"7 ... .. i . TP
It will be dimcuit lor a unamber thus com
posed to effect any really decisive leci.slation
in favor of the present dynasty or against it.
Of course there is no possibility of the slen-
der fraotions of Republicans, Absolutists, or
Alfonsints doing anything to change the form
of government to their own advantage. But
it is none the less evident that the Ministry
will be greatly restrained and hampered by
the scantiness of its majority and the fear of
further defections. It will be remembered
that in the late Constituent Assembly the
united opposition to the candidature of Prince
Amadeus numbered only 120 members. In
the recent contest the opposition has succeeded
in 174 districts, borne ot the deputies elect
are ineligible; others have been chosen in
several places. lut Air. uarriao, tn a commu
nication lately printed, estimates the opposi-
tion members who win cage tbeir seats
this session as not less than 100. No govern
ment in Spain considers itself permanent
with an opposition so numerous as this. It
represents a more powerful and important
constituency than the majority. The four
great cities of Barcelona, Seville, Malaga, and
Valencia send twelve Republican to four
Monarchical deputies. The same proportion
is seen in the secondary cities, and every
where in the considerable towns and villages
the Republican vote is unexpectedly large
The rural districts, as in franco, are more
under the influence af the priesthood and of
Government officers, and so make good the
lossts incurred in the centres of population
and intelligence. The vole of Madrid is
especially significant. It is a 0H7 of omoe
holders, and most of the leading citizens are
attached to the Government for the time
being - But, with a large garrison quartered
there for the purpose of voting, the Govern
ment candidates recoivnd only 24,000 votes
to 18,000 of the opposition, Id, 000 of which
were Republican. It must be confessed that.
with so bitter an opposition and no languid a
support, the Government of King Amaleus
begins its work with no rosy prospect.
SPECIAL NOTICES.
jvY I ITILAI'EI.I HI A AMI KKADINO R.UL-
ROAD COMPANY, Oillce No. 827 Souih
FOURTH Street.
FOIL APKI.FBIA, Apill IS, 1ST1.
Appcclal meptinii of tlie Stockholders of thn Pnlla-
rlclrtna and Hmding Railroad Company will be hell
an lie oillce of the giilfl coinpnny, tn the city of I'hlln-(it-trliln,
on the eighth da; of May, 1S71, at 13 o'ciork
Ai., wuen ami wnere the joint apreemeiii enirci
into by the Hoard o f Managers or the I'liliadttlphla
and Heading Kallroad Company and the ltoard of
JMrectorg of the Lebanon and Tremont Kallroad
Cempany, for tha consolidation of tho sid ota
pnnlcB, and the mereerof the Lebanon and Tremont
Kallroad Company into th Philadelphia and Head
In? Kail road Company, villi lie submitted to the said
stockholders, and a vote, by ballot In person, or by
proxy, taken lor tuc adoption or rejection or tne
same. J. W. JONKS,
4 19 Secretary.
KS riULADKI.PHIA AMD READIS3 KTL-
M ROAD COMPANY, Oillce No. 'til !. FOUUl'U
Street.
Fmi.ADBi.rniA, April is, 1971.
A Special MeetliiK of the Stockholders of tho
Philadelphia and Heading Railroad Company will be
held at tho Olllte of said Company, in tile city of
t'liunaeipnia, on me Bin aay 01 way, mil, at vix 1
M.. when and where the joint agreement entered
Into by the Board of Managers of the Philadelphia
and Heading Kallroad Company and the Hoard of
Directors of the Northern Liberties and Penn Town
ship Kallroad Company for the consolidation of the
tald companies aud the merger of the Northern
Liberties and l'enn rownsnip uanroai oompjny
Into the Philadelphia ami Heading Kallroad Com
pany will be submitted to the said utockhol lers, and
a vote by ballot, in person or by proxy, taken for the
adoption or rejection of the same.
4 19 Secretary.
IS?" OFFICE OF THE LKBANON AND TKB
w MONT KA1LROAI) COMPANY, No. 277 8.
FOUKTH Street, Philadelphia, Antll 15. 1971. A sne-
cial meeting of tne Stockholders of the Lebanon and
Tremont Kallroad Company will be held at tiieoillce
01 tne saia company in tne city or rniiadeinntn, on
the eighth May of May, 1971, at 12 o'clock M when
and where tne joint agreement entered into oy the
Board of Managers of the Philadelphia and Heading
Kallroad Company and the Hoard of Directors of the
Lebanon and Tremont Kallroad Company lor the
consolidation of the said companies, and the merger
of the Lebanon and Tremont Kallroad company into
the Philadelphia and Heading Katlroad Company,
will be submitted to the said stockholders and a vote
by ballot in person or by proxy taken for the auop
tion or rejection 01 me same.
Amcnr ruaritKi secretary.
VS- SCHUYLKILL AND SUSQUEHANNA HAIL
KOAD COMPANY, Oillce, No. 227 South
FOUKTU Btrect.
PnaAnEi.rrm. April 10, isti.
The Annual Meeting of the Stockholders of this
Company and an Election for President and six
Managers will take place at tne oiuce 01 me uotn
pany on MONDAY', the 1st day of May next, at 12
O'clock M. ALBEKT FOSTKK,
4 lu sw secretary.
THE I'HEArbM AINU ULal llAIXt IJXiS
m tv nniir urmitn
ill X I. ,. u.ll
Uarpcr'a Liquid Hair Dye Never Fades or
UHI1CS Will,
will change gray. red. or frosted hair, whiskers, or
moustache to a beautiful black or brown as soon as
aniilled. Warranted, or money returned. Oaly !W
cents a box. Sold by all Druggists. 8 29 tuthsOm
Hgf THE UNION FIRE EXTINGUISHER
COMPANY OF PHILADELPHIA
Mannfactcre and sell the Improved, Portable Firs
Extinguisher. Always Reliable.
D. T. GAQR,
BO U No. IIS MARKKT St, General Agent.
ttfW- NORTHERN LIBERTIES AND PENN
TOWNSHIP RAILROAD CO., OillOO No. S'27
8. FOURTH Street.
Philadelphia, April 11, 1971.
The Annual Meeting of the Stockholders ot this
Company, and an Election for O Ulcers to serve for
the ensuiUK year, will be held at the Olttce of the
company, on MONDAY', the 1st day of May next, at
11X o'clock A. M. ALBERT FOSTER,
4 11 1.1 becretary.
gsr THE ANNUAL MEETING- OF THE
w stockholders of the BAR EH SILVER MINING
COMPANY, of Colorado, will be held at the oitlco
of the company on THURSDAY, April 20, 1871, at
12 o'clock, noon, for the election of directors, and
for the transaction of such other business as may
ue aeeraea necessary. duua wijsst,
iu imr secretary.
DR. F. R. THOMAS, No. 911 WALNUT ST,
"w formerly operator at the Colton Dental Rooms,
devotes bis entire practice to extracting teeth with
ont pain, with fresh nitrons oxide gaa. 11 171
THURSTON'S IVORY PEARL TOOTH
POWDER is the best article for cleansing and
preserving the teeth. For sale by all Druggists.
Price 20 and BO centa per bottle. 11 88 stutlily
r DISPENSARY FOR SKIN DISEASES, NO.
Patients' treated .gratuitously' at this Institution
dally at 11 o'clock. 1 14
FINANCIAL.
A RELIABLE
Home Investment.
Safe
THE
Sunbury and Lewistown Railroad
Company
7 FEB. CErffT. GOLD
First Mortgage Bonds.
Interest Payable April and Octo
Iter Free or (State and United
Htatett Taxes
We are now offering the balance of the loan of
l,80o,otio, which la secured by a Urat and only Hen
n the entire property and franchises of the Com
pany, At 00 and the Accrued Interest
Added
The Road la now rapidly approaching completion.
with a large trade In COAL, IKON, and LUMBER,
In addition to the passenger travel awaiting the
opening of this greatly needed enterprise. The local
trade alone Is suillclently large to sustain the Road.
We have no hesitation in recommending the Bonds
M a CUAP, RELIABLE, aud SAFE INVEST
MENT. For pamphlets, with map, an full Information,
apply to
yiK3. PAINTER & CO.,
BANKERS,
Dealers In Government Securities,
No. 36 South THIRD Street,
PHILADKLPHIA.
i..., r'J-iA'j Cie'dUUn
-f tp 'rmr, J9
UNANOIAL.
Wilmington and Reading
Railroad
7 tjzjx cent. Boaros,
Fre of Taxos.
We are now offering a imlt ed amount of the
t.curiu 1u.0KTUA.UE liONDs of this Uompanj
At and Accrued Interest.
The Bonds are Issued la
SIOOs, SGOOs, and SIOOOs.
COUPONS PAYABLE JANUARY AND JULY.
We placed the FIRST MORTGAGE BONDS of
thlB Company at 85 per cent. Tliey are now bringing
on the open market 95 per cent. This fact la strong
evidence of the standing and credit of this Com
pany. The road la now finished and dolug a large and
profitable business.
WM. PAIMTER a CO.,
BANKERS,
And Dealers In Qovernuient Secures,
No. 3G South THIRD Street,
PHILADELPHIA,
SPECIAL NOTICE TO INVESTORS.
A Choice Security.
We are now able to supply a limited amou
of the
Catawissa Railroad Company's
7 PER CENT.
CONVERTIBLE MORTGAGE BONDS
FREE OF STATE AND UNITED STATES TAX
They are Issued for the sole purpose of building
a distance of 80 miles, and are secured by a lien on the
entire road of nearly loo miles, fully equipped and
doing a nourishing business.
When it la considered that the entire Indebtedness
or tne company win oe less tnan 11 6,000 per mile,
leaving out their Valuable Coal Property of 1300 aoret,
It will le seen at onee what an nuuBual amount 01
security is attached to these bonds, and thev there.
fore must commend themselves to the most prudent
Investors. An additional advantage Is. that thev
can be converted, at the option of the holder, after
15 years, Into the Preferred Stock, at par.
They are registered Coupon Bonds (a great safe
guard), Issued in sums of 1500 and $1000. Interest
payable February and August.
Price 93x and accrued Interest, leaving a good
margin lor aovauce.
For further information, apply to
D. C. WHARTON SMITH & CO.,
No. 121 BOUTH THIRD STREET,
1 885 PHILADELPHIA.
DUNN BROTHERS,
HANUEUB,
Nos. 51 and 53 S. THIRD St.
Dealers 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 BROS & CO., available in all tne
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. ll
F
O It
8 A. U E,
Six Per Cent. Loan of the City of "Wil-
Liameport, Pennsylvania,
Froo of all Taxes,
At 85 and Accrued Interest.
These Bonds are made absolutely secure by act of
Legislature compelling the city to levy sufficient tax
to pay interest and principal.
P. 8. PETERSON & CO.,
No. 39 S. THIRD STREET,
I PHILADELPHIA.
5 FEXl CEItfT.
New United States Loan,
Agents appointed to receive subscriptions or ex.
change
roil 5 20 BONDS.
Books now open and information furnished as
terms, etc
ELLIOTT, COLLINS & CO.,
No. 109 SCKUTII TIUltD STREET,
8 8tf PHILADELPHIA.
INVESTMENT BONDS
PORTAGE LAKE AND LAKE SUPERIOR SHIP
cinal iu.. hecured bv Brat mortgage on the
canal (now completed), aud on real estate worth fire
times tne amount oi vne uiurigoBB.
KANSAS CITY, MISSOURI, 19s.
DOUGLA8 OOCNTV, NEBRASKA. (Including
Omaha), los, and other choice Western county and
City bonds, yieiuing gouu mie. 01 luiereau
ALLENTOWN CITVCA) SEVEN PES CENT.
SohooL BONDS, free from taxes under the laws
of the State, at par and interest.
For full particulars apply to
UOWAUD UAllLICVUTUX,
H sm
No. 147 South FOURTH 8treet.
680 5SO
nAXiiuusoKr ouasiso,
BANKER.
DEPOSIT ACCOUNTS RECEIVED AND INTER
ilTDWrn fTJ T1AII.Y HALANIJKH.
ORDERS PROMPTLY EXECUTED FOR TH1
PURCHASE AND OAUt Vr Uli Httl.lftOl.Si BJf
7w,r , u.m-Na HIT) TtVTlR VWHBH.
REAL ESTATE COLLATERAL LOANS NEOQ
TLATED. l
NO. 589 WALirtTT Ct-i ?kilU.
FINANCIAL.
jay cgoee & co..
PHILADELPHIA., MEW YORK and WASHINGTON.
JAY COOKE, McCHLlOCH I CO.,
LONDON,
it laits
4KB
Sealers In Government Securities
Ppeclal attention given to the Purchase and Sals
of Bonds and Stocks on Commission, at the Board of
Brokers in this and other cities,
INTEREST ALLOWED ON DEPOSITS,
COLLECTIONS MADE ON ALL POINTS.
GOLD AND SILVER BOUGHT AND SOL
In connection with oar London Bouse we are now
prepared to transact a general
foreign; exchange business,
Including Purchase and Sale of Sterling Bills, and
the leeae of Commercial Credits and Travellers' Cir
cular Letters, available in any part of the world, and
are thus enabled to receive HOLD ON DEPOSIT,
and to allow four per cent. Interest In currency
thereon.
Having direct telegraphic communication wlttt
both our New York and Washington offices, we can
oner superior facilities to our customers.
RELIABLE RAILROAD BONDS FOR INVEST
MENT.
Pamphlets and full Information given at oar oSce,
9 S Smrp No. Ill S. THIRD Street, Phllada,
NEW U. S. LOAPJ.
GOLD VIVIJ 5-SOs
Converted into New Loans of the
United Statei on best terms.
JJE HA YEN & BRO.
Financial Agents United States,
No. 40 South THIRD Street.
8 25Btutnlm
IV JEW
Loan of the United States.
SUBSCRIPTIONS TO IHB
New 6 Per Cent. United
States Loan
Received at onr Office, where all Information wia
given as to terms, etc.
WM. PAINTER & CO.
No. 3G 8- THIRD Street.
PHILADELPHIA.
7 Per Cent. Gold Coupons
THE COUPONS OF THE
Sunbury and lL.ewiown Ball.
road Com y.
FIRST MORTGAGE BONDS, due April 1, will be
paiu
Free of all Taxes,
On and after that date, at the Banking House of
WM. PAINTER & CO.,
No. 30 SOUTH THIRD STREET.
8S2 tf
PHILADELPHIA.
JOHN S. RUSHTOH & CO.,
BANKERS AND BROKERS.
GOLD AND COUPONS WANTED.
City Warrants
BOUGHT AND BOLD.
No. 60 South THIRD Street.
I Mi
PHILADELPHIA.
B. K. JAMISON & CO.
SUCCESSORS TO
P.F.KEL.L.Y &J CO,
BANKERS AND DEALERS IN
Gold, Silver, and Government Dondt
At Closest market Hate,
N. W. Cor. THIRD and CHESNUT Sti
KtuwiAi .ttntlon rtven to COMMISSION ORDERS
In New York and Philadelphia Stock Boards, eto.
eto i
WHISKY, WINE, ETO.
CAR&TAIR8 & McCALL,
No. 126 Walnut and 21 Granite Sta.(
IMPORTERS OF
Erandlei, Wlnei, Gin, Olive Oil, Eta,
WHOLESALE DEALERS IN
PURE RYE WHISKIES
IN BOND AND TAX PAID. l