V
FRIDAY, JUNE 9, 1871.
Tiik Stats Ckntkal Committeb of the RepublU
can party of Pennsylvania will meet at tae Logan
House, Altoona, on Wednesday, Jane SI, at 12 M.
A fnll attendance Is requested, as business of Im
portance will be transacted.
Kusski.l Erkktt,
Chairman.
Republican newspapers please copy.
THIERS AND THE OltLEANIST
PRINCES.
Fob the moment the ever-changing kaleido
scope of French politioa brings into promi
nence an apparent contest on the part of M.
Thiers to maintain a republic, of whioh he is
the official head, against the Orleanist
princes, with whom he formerly sympathized.
The position of M. Thiers Bomewhat resem
bles that held by General Prim during the
Spanish interregnum, but it presents this
difference that while Prim pro
fessed a constant anxiety to secure a
proper occupant for the Spanish throne (his
final selection of a prince of the house of
Ilohenzollern being the immediate pretext of
the war between Germany and France), M.
Thiers declares that he is anxious to make
the republic perpetual, despite the existence
of candidates for the French throne who, on
personal grounds, he might fairly be pre
sumed to favor. II is commonly and justly
accused of having so far betrayed the revolu
tionists of 1830 as to dear Louis
Philippe's pathway to the throne.
After the revolution of 1848
had deposed Louis Philippe, M. Thiers made
a desperately courageous effort to secure the
French throne for Louis Philippe's grandson,
the legitimate heir of the Orleans line; and
yet, at this partioular juncture, the old de
votee of Orleanism seems to have become its
most effective antagonist. A cable telegram
states that the vote abrogating the proscrip
tion of the Orleanist princes was passed only
on a condition, exacted by M. Thiers, that
they should not sit in the Assembly and not
enter into any intrigue against the Republic
But past experience indicates that such
pledges were no more sacred to French poli
ticians than divers oaths; and the real mean
ing of all the late proceedings may be a
gradual preparation of France for the esta
blishment of a constitutional monarchy.
THE OAS LOAN.
The Gas Ring achieved a victory in Common
Council yesterday, in the passage of the ordi
nance creating a loan of half a million dollars,
to be expended by the King in such a manner
as the individuals composing it may propose.
The Select Branch, however, has not yet
worked itself np the point of brav
ing public opinion by comp ying with
the demands of the Ring, and the
ordinance was accordingly postponed. We
hope sincerely that there will be enough
honesty and enough pluck in Select Counoil
to resist to the last this attaok upon the
pockets of the tax-payers, and that a deter
mined effort will be made to prove to the
Gas Trustees that they are the servants
and not the masters of the
public. The destruction of the Mar
ket street gas works without consul
tation with Councils,and the demand for half
a million dollars without the submission of
estimates and specifications, are gross out
rages, which should bring upon the trustees
' the full weight of publio indignation. If
there is any inconvenience felt throughout
the city on aocount of an insufficient supply
of gas, there certainly will be such a popular
demand for reform in the administration of
the cas works as will be likely to
lead to important results. If such
inconvenience does oocur, Councils will be in
no degree to blame for it, and the members
of the Select branch will only be doing their
duty to themselves and to the public if they
refuse positively to give the money asked for,
unless they not only are assured that it will
be expended honestly, but that they will have
some control over its expenditure. The city
has been afflicted long enough under the pre
sent system of managing the gas works, and
it is high time that a determined effort was
made to break np the ring, and to give ns an
honest and capable administration of the af
fairs of the gas works.
AN UNASPIRING TRIO.
Fir.sT comes our friend John W. Geary, with
the assertion, "I am not a candidate for any
office under the State or National Govern
ment, and I will not aooept any office."
Then comes the philosopher of the Tribune,
with the plump declaration, "I trust never
henceforth to be an aspirant for any office or
political position whatever.
And now comes the martial Sherman, who
announces that he "never has been and
never will be a candidate for the Presidency."
These declarations are all emphatio in their
way, and, taken alone, without regard to the
character of the three men, we might infer
from them that Presidential conventions
would have to go further and fare worse.
But they are not all as sententious in their
speech as President Grant, and the context
has important bearing on the quoted pas
sages. Says Geary, furthermore: "I don't
want any office, and will not aooept any,
unless" that'B just what's the matter with
Geary always "unlesi ray fellow-citizens
drag me out, whioh if they do, I will try to do
whatever lies in my power ia the future, as I
have in the past." That is ta say, Geary will
"try" to do something if gonic)ody will have
the kindness to "draj him "out. Shalio
beaded, shallow-hearted, shallow-souled, ia
ordinate!' vain, inconceivably weak, as vacil
lating as a weathercock, as treacherous as a
Camancbe, as full of wind as of vanity,' an
nucb fitted for the Presidency as he i f r
the Gubernatorial chair, this mau John VT,
deary would sell biniseJf to the Devil, if th
Devil in return would "dray" Lieu "out" of
Lis Imbecility and set Llui up oa the fctepa of
THE DMLYJ5VBN1NQ TELEGRAPH PHILADELPHIA , FRIDAY,
the White House. But the Devil ia not a
fool, and Geary will never be President.
Says Greeley furthermore: "Bat I fully
purpose also never to deoline any duty or re
sponsibility which my political friends shall
see fit to devolve upon me, of which I shall
be abla to fulfil the obligations without
neglecting more imperative duties." This
means, of course, that if any exalted func
tions should, through the unsolicited agency
of political friends, "devolve" upon the
Philosopher, he would not shirk
their performance, provided always he would
still have time enough at his disposal to write
a daily leader for the Tribune, and indulge
in a semi-occasional disquisition on "What I
Don't Know About Farming." At the time
of writing his Kansas letter Mr. Greeley
4 'had not yet formed a deoided opinion as to
the man who ought to be our next Repub
lican candidate for President, but" here it
comes again, with all its destructive force
'but it seems to me advisable that he should
be a steadfast, constant believer in
the good old Whig doctrine of one
Presidential term." Which the same U. S.
Grant is not, and Ilorace Greeley is. So,
while the philosopher of the Tribune is "not
yet" fully prepared to announce his belief in
the expediency of having exeoutive functions
devolved" upon himself, he is fully prepared
to assert his belief that they will
have "devolved" upon President Grant
ong enough by the close of his present term.
Of course, Greeley wants to be President
who does not, when even John W. Geary
can have such aspirations? But the office must
"devolve" npon him, and must not interfere
with the "more imperative duties" of the
Tribune office and the farm at Chappaqaa. Ia
all this, the Philosoper is perfectly honest. If
the people rose en masse and foroed him to
seek shelter in the Executive Mansion on
peril of his life, it would be harder work to
get him out before his time was up than it
was to drive him in. But, if the door stood
wide open to the first comer, and no man
raised his voice for or against him, it is ex
tremely doubtful if he would take the trouble
to walk in and turn the key af ter him.
Says Sherman furthermore: "If nomi
nated by either party, I should peremptorily
deoline, and even if elected unanimously I
should decline to serve." And to clinch this
plump avowal, he adds: "If you can find
language stronger to convey this meaning,
you are at liberty to use it." In simple truth,
this blunt soldier does not want to be Presi
dent. The Democracy will evidently have to
accept him at his word, for be speaks of
'either party, and fulminates his declination
at both and all combined. He will not even
be driven into office. If the six million voters
of the country should lift up their voices in
absolute harmony, General Sherman will not
submit to having Presidential cares "devolve"
npon him. If he should be driven into the
White House for safety, he will crawl out the
back window and scale the Washington Monu
ment to escape the unanimous importunity
of the nation. There was perhaps
no necessity lor him to be quite
so emphatic; but be bad doubtless
lead Geary's speech and Greeley's letter, and
felt obliged to make his meaning clearly un
derstood. And in this he is wise in his day
and generation, wiser than some of his con
temporaries. He can afford to be oontent.
Geary can not, and Greeley will not. Geary
can not, because he has gone from bad enough
to worse from the start; while Greeley has
always made it a point never to shirk a new
responsibility that "devolves" npon him,
unless it demands the neglect of "more im
perative duties."
TEE RIGHTS OF WOMEN.
The rights of women to follow lucrative em'
ployments for which they are well fitted, but
which have hitherto been to a great extent, if
not entirely, monopolized by men, have been
clearly recognized by three important conven
tions now in session; and we reoord the faot
with great satisfaction, as it is an indication
that a cause- which has substantial
merits, despite the nonsense uttered by maay
of its most zealous advocates, is really making
headway in the right direction. The exigen
cies of modern social organization are making
it more and more necessary every day that
the opportunities for women to earn their
bread and butter by honorable labor should
be greatly increased, and the mean and petty
spirit which has been manifested to
wards women by the members of
some professions which lay claim to
the titles of learned and liberal is in tbe
highest degree discreditable. The very fact
that women who desire to do good and credit
able work outside of the kitchen and nursery
are snubbed and contemned as they are by
those of whom better things might be ex
pected, renders it the more gratifying when
a full and fair recognition of the claims
of women workers is made by such iufiu
ential assemblies as the American Insti
tute of Homceopathy and the National
Photographic Association now in session in
this city, and the Iuternational Typographical
Uiiion, which is holding a convention in Bal
timore. In the Photographers' Convention
there are a number of women delegates, who
do tot push themselves unduly into the fore
ground, but who take an active and intelli
gent interest in the proceedings, and who are
treated with tbe greatest rspect by their male
associates. In the Typographical Convention
there are also women delegates, and yester
day one of them offered an important resolu
tion, that was adopted, to the effect that the
International Union shall recommend the
subordinate unions to receive, as far as prac
ticable, Ur ion girls in offices on an equality
with men. "."be Ilowoeopatbio Institute yes-
terdsy adminibtered a rebuke to some of the
old school Mtjsuc'aiiou by adopting, after a
pj iiittd debate, a resolution declaring that
rropulf uuauuBd puvBioland, men or
Women, are eligible to membership,
fcLd by admitting three women
who have graduated at medical schools of
good ataiiding. Great discredit has been
Liongtt upon the women's rights movement
bj the chuLora of those who pretend that the
suffrage is the one thing needful, by the free-
love doctrines, and by the disreputable cha
racters of some of tho professed leaders of the
women s movement, and by an evident desire
on the part of many women to enjoy a license
to imitate the worst vioes of menjbut the pub
lic should not lose sight of the fact that
there are, besides these, an ' immense
number of earnest and large-minded women
who reallv desire to advance the interests of
their sex by opening rew avenues of employ
ment for women, who are at present unable
to obtain work except at starvation wages,
and who only ask a fair field and no favor.
Such women are deserving of the heartiest
encouragement and support; and as the well-
being of cur social system will, in the futare,
in a large measure depend upon their success,
it is with great pleasure that we ell Mnt,ion
to the evidence Wore us that the real wo
men's rights cause, the right to perform
honest work and to get good wngas for it, is
making substantial progress
The Washington contractors buve resumed
work, a strong police force being on hand to
protect the laborers from being assaulted by
the strikers. The latter demand $2 per day
for eight hours' labor, while those who are at
work receive il'50 per day. The Governor
of the District seems to be pursuing a proper
course, despite the denunciations of a Wash
ington journal. It is his main duty to protect
the laborers who are willing to work for lower
prices than those demanded by the strikers,
and this duty ho is performing faith
fully. The strikers have a perfect
right to ask all they choose for their services,
and to take all they can honestly get, but they
have no more right to prevent other men
from working than they have to burn down
houses. A workingman's capital consists of
his capacity for labor. Let him make the
most of this capacity, sell it in the dearest
market, and enhance its value by all legiti
mate methods. But kicks, blows, and mur
derous attacks upon other workingmen whose
rivalry is dreaded, are not legitimate
methods for enhancing the price of
labor; and the wholo force of civil authority
should be employed, whenever its employ
ment becomes necessary, to put down such
riotous and diabolical demonstrations. As
well might a merchant seek to destroy the
stock of a business competitor whose rivalry
he dreads, as one laborer attempt,
by force and violence, to keep
another laborer from working for compara
tively low wages. Nothing could well be
more dangerous to any community than a
toleration of the absurd and dangerous doc
trine that any set of men can fix prices for
their products or labor by sheer terrorism.
The coal regions of Pennsylvania have suf
fered so dreadfully from strikes mainly be
cause the local and State authorities have
shirked their duty in the matter referred to,
while tbe Washington strike will apparently
be speedily ended by the prompt and proper
action of the Governor of the Distriot.
On Monday evening a publio meeting will
be held at tho Academy of Musio, under the
auspioes of the Commercial Exchange and a
number of our citizens who are interested in
the prosperity of Philadelphia and Pennsyl
vania, to consider the relations between the
development of the Northwest by the build
ing of the Northern Pacific Railroad and the
prosperity of the trade, manufactures, and
commerce of our State and city. The
meeting will be addressed by Hon,
William D. Kelley and by Hon. Selucius Gar-
fielde, the Congressional delegate from Wash
ing Territory. Both of these gentlemen pos
sess extensive information with regard to the
Northwest, and their addresses will undoubt
edly be both interesting and instructive,
While the Northern Pauifio Railroad is a na
tional, it is also essentially a Philadelphia en
terprise, and this city and State will
derive great benefit from it, provided
our citizens take the aotive interest they
should in its progress. As the meeting on
Monday evening will be especially for the
purpose of explaining the relations between
the development of tbe Northwest by means
of the Northern Facifio Railroad and the
future prosperity of the industries of Phila
delphia and Pennsylvania, it is to be hoped
that there will be a large attendance of our
business men and ot tiers who have the ad
vancement of Philadelphia interests at heart,
Tbe proceedings of the Rabbinical Con
ference at Cincinnati affords anothor illus
tration of the tendency of tbe system of re
ligious freedom prevailing in the United
States to promote modifications of the old
usages of the respective sects. This confe
rence has formally decided that in the most
ancient of all the religious denominations
organized in this country, "a modern prayer
book is to be furnished, in whioh all allusion
to the return of Jesm to Jerusalem and
the idea of sac-rinse and of a
personal Messiah are to be omitted," while
"the service is to be largely in the verna
cular instead of the Hebrew language," and
various other changes are to be made. In
cations where the Jevrs are persecuted, or
where they are objects of political or sooial
proscription, it is a matter of pride with them
to remain steadfast in every detail of the faith
and customs of their ancestors; while here,
where they are left in perfect liberty to abide
by or depart from any or all of these details,
the disposition constantly increases to consult
personal convenience, taste, or reason on
points which are not deemed vitally essential.
The Anniveesaby Exercises of the Old
Mn's llome were celebrated yesterday. The
objects of this institution are so laudable
that it deserves to be well supported by
wealthy and charitable citizens. Age and
want are always an ill-matched pair, but their
union is especially painful in the many cases
of worthy men who, after making a valiant
struggle for many years in the battle of life,
fall as victims at a time when their faculties
are impaired and their energies paralyzed.
Tbe good old men who are destitute of
money, relatives, and rich friends should be
well provided for.
The Republican State Committer ban at
last been fully organized by the appointment
of the Hon. Russell Errelt as chairman. Mr.
Errett has accepted the position, and the
committee win Hold its first meeting at Al
toona, on June 21.
"The Dowkfai.i.
Blackvoad'n Maoazinr which we published a few
days aaro has hnen lu
- v,
form by Porter & Coates. This graphic description
vi nai may nappen to England, ir site does not pay
attention to thn warnlnm rpnonutillf vlvan hD. h.a
created an Immense sensation on both silos of the
Atlantic, and both as a warning and as a prophecy
It Is not only well worthy of present pernsat but of
being preserved for futare relerence. The events It
narrates are not oniv nnssthlA hnt manr nf thn
j W j v. viivul A
tremely probable, and that the article has touched a
o-jio yuwi, nun uiai n uas nun, is proved by the ex
cited comments it has elicited from th Rnriah
Journals of every class.
NOTICES.
NOVKLTinn i-
Eleoakt KOVKl.TIES IN SrMMEK
Klsgakt Novelties in E cm mbr Clothing.
Elegant Noveltiks jn Summer Clothing.
Ei.euant Novelties in Summer Clothing.
Nkw Goods!
New Goods!
New Goods!
New Goods!
Wo receive new and fresh goods evert dat, and
keep cur stock well up.
Wanamaerr &. Brown,
Wanamaeek fc Brown,
Oak Hall.
KewFtyleb!
New Styles!
New Sto'LEs!
New Styles!
We have all the New Styles, some of which will
be found only at our establishment.
Wanamakbr A Brown,
Wanamaeeb k Brown,
Oak Hall,
New Trices ! New Prices !
New Pricks! New Prices!
New Prices! New Prices!
New Prices ! New Prices !
These are a novelty entirely original with ns, and
to be found nowhere else. They are far below the
Old vncg, ana are attracting great attention.
Wanamaker & Brown,
Wanamakbr & Brown,
Oak Hall,
Tub largest Clothing Bouse in America,
S. E. corner Sixth and Market Streets.
SUMMER RESORTS.
SUMMER RESORTSON L1NEOF T1K PUILA
DELPHI A AND READING-RAILROAD AND
BRANCHES .IL'NB 1, 1871:
MANSION HOUSH Mt. Carbon. Mrs. Caroline
Wn der, Pottsvllle P. O , Saliuvlhlll sountv.
TLSCARORA HOTKL Mrs. M. L. Miller. Tus-
carora P. O , Schuylkill county.
MANSION HOUSE-W.F. Smith. Mahanov Citv
P. O , BchujlKill county.
MT. CARMEL HOUSE Nathan Herd, Mt. Carmel
P. O., Northumberland county.
W HITE IIOUSE-F. Mayer, Reading P. O., Berks
county.
CENTRAL AVENI7E HOUSE-G. D. Davis, Read
ing P. O., Berks county.
Ml. rLKASAWT b&MlINAitY It. M. KOOng,
Boyertown P. O., Berks connty.
LiTIZ SPRINGS G. F. Oreidcr. Lltlz P. O., Lan
caster county,
muisiAJN uosia Dr. a. smitn, wernersvuie
P. O.. Berks county.
COLD SPRINGS HOTEL (Lebanon connty) Wil
liam Lerch, Sr., Box No. 170 llarrlsburg P. O.,
Danjihln county.
ErHKATA SFH1NUS John Frederick, Epnrata
P. O., Lancaster county.
PEKKIOMUN BKU GE HOTEL Davis Loneacre.
CollvKeviiie P. O . Montsr"mery county.
PROSPECT TERRACE Dr. James Palmer, Col
legevllle P, O., Montgomery county.
SPUING MILL 11 b.IGHTS Jacob H. Brelsh, Con
shonocken P. ., Montgomery county.
DODTY IIOL'SK-H. HatTered, Bhamokln P. O.,
Northumberland county. 6 9 Saw 2m
OCJEVJV HOUSE,
CAPE MAY.
THIS TOPULAR FAMILY ITOUSE
OPENS ON THE 20th INST.
For rooms, etc., apply to
L1CETTE & SAWYEK,
6512t
CAPE MAY CIT1.
A R R Y.
n
U S E
HIGHLAND FALLS,
(NEAR WEST POINT).
This new and elegant establishment on the banks
of tbe Hudson River will be opened early in June.
Liberal terms for families. Address
CAS. W. HENDKIX.
Highland Falls, New York.
COZZENS' W8T POINT HOTEL,
COZZENS' DOCK,
HUDSON RIVER.
18 NOW OPEN. FOR TERMS, fcc..
AOUresS fcXL.VAiNLS T. cuzzeinh,
West Point, N. Y.
1 PUR AT A MT. SPRINGS. LANCASTER CO.,
J Va This delightful Summer Resort WILL
BE OPEN for the Reception or Guests on 16th Jane,
l&il. For particulars, address
T r 1,-1 L- T T7-T? 1 T-IT" D.rtn.
II. JJ. REIN HARD, Supt. 8 1 lm
T?RIENDS' COTTAGE, CAPE MAY, N. J.,
X1 bavins: been thoronehlv reiltted and enlarged.
will be open for guests Sixth Month (June) 1st.
Families desiring rooms should make early applica
tion to the proprietress. 115 Der week through Jtiue.
t'i 60 a day. is 31 tf j A. P. COOK.
CONGBESS BALL, CAPE MAY, OPENS
) June 1st.
Terms for June, $3-50 per day.
4 23 fmwot
CARPETINCS, ETO.
25 Cents per Yard,
33 V tbe Roll,
4-t MATTING,
5-4 do. 30 Cents.
4 ALSO,
est Pailor Malting.
3-4 and 7-8 Stair do.
R. L KNIGHT & SON,
1222
CHE8NUT STREET,
IT f mw8tn
PHILADELPHIA.
OPTIOIANS.
SPEC TA CLEb.
MICK08COPE3, TELESCOPES, THiR
MOMETKKS, MATHEMATICAL, SUR
VEYING, PHILOSOPHICAL AND
DliAWINO INSTRUMENTS
AT REDUCED PRICES.
JAMES VV. OUEBN & CO..
TMmwfMpI No. CHESNUT Street. PbUa.
OFOR RENT A FURN1SHBD HOUSE AND
Grounds, with bubllng, near the city, Actons
by rail. Apply at
No. 1812 LOCUST Street.
0, 1871.
BEWINO MACHINES.
f II B
"WHEELER & WILSON
SUVFINU MACIIIIIB.
For Bab on Eaty Term:
HO. 914 CHESNUT STREET.
mw4 PHILADELPHIA.
OLOTHINU
SUITS!
Thin Suits.
Fine Linen Suits.
,nraJ2 d,Et Suits.
Rich Woolen Casn.. Qi
Elegant TiaveUIng Suits.
Easy Business Suits.
Nice Boys' Suits.
Cheap Suits.
G03 and 605.
The Enlta of the Season
Are at the GREAT BROWN HALL of
ROCaUILL WILSON.
t
EOCEniLL & WILSON can supply yon, gentle
men, and your boys, with
All manner of
Beautirol Summer Wear,
Cheaper than .
Anywhere else.
CALL AT
603 and 605 CHESNUT STREET
ROCKHILL a WILSON.
OtNDERTHE
u HOTEL
'PHILADELPHIA: PA.
FINE CLOTHING
TO ORDER
FOR GEN TLE MEN
Elegant Styles In Light and Dark Mixed.
Plaid and Striped Baitings.
Diagonal Coatings or beautiful design and fabric.
Handsome styles In Pantaloon Casslmeres.
White, Brown, and Fancy Linens, Drills, etc
Drap d'Ete, Alpacas, Docks, Bamboo Cloth, etc
WESTON & BROTHER,
TAILORS,
S. W. Corner HINTH and ARCH Sti,
PHILADELPHIA.
A full assortment now In store
OF THE CHOICEST NOVELTIES OF
THE SEASON
FOB GENTLEMEN'S WEAR.
A SUPERIOR GARMENT AT A REASONABLE
PRICE. 4 8 8mrp
PIANOS.
STKINWAY . SONS'
GRAND SQUARE AND UPRIGHT PIANOS.
Special attention Is called to their
PATENT UPRlGnT PIANOS.
CHARLES BLA8IUS.
Warerooms, No. 1006 CHESNUT Street, Philadel
pnla. 4 13 tfrp
CMICKERING SONS,
Grasd Square and Upright Pianos.
GREAT REDUCTION.
FIXED PRICES.
DUTTON'S PIANO ROOMS,
6 lfl lm4plm Nos. 1186 and 1123 CHESNUT St.
g-piANOS AND ORGANS, frg
GEO. STECK & CO.'S.
i CO.'B.
BRADBURY'S,
HALNES' BROS
PIANOS,
kVJt
MASON AND HAMLIN'S CABINET ORGANS.
GOULD A FISCHER,
No. Vi3 OWES NUT Street.
J. B. oociD. No. 1018 ARCH Street.
WM. 0. FlflCHEB. 1 IT tf 4p
DRUGS, ETO.
Genuine Olive Oils,
FOR TABLE USE.
COX'S SPARKLING GSLATINE. RIOTAPIOOA,
BERMUDA ARROW ROOT, bOOrCtt OAT MEAL,
now landing and for sale by
ROBERT SHOEMAKER & CO.,
IMP0RTIN3 DRUGGISTS,
N. B. Corner FOURTH and RACE Streets.
Elder Flower Soap.
Just received, by the Flora Hulburt, from London,
an Invoice Of 13 RUBOROS CELKttRATEtf ELDER
FLOWER, WINDSOR, GLYCERIN K, and UONSI
SOAPS.
ROBERT SHOEMAKER & CO.,
N. E. Corner FOURTH and RACE Streets,
eismlp PHILADELPIll k.
TUB
KE7 ORLEANS, MOBILE,
AND TEXAS
RAILltOAD COMPANY
Arebnlldlngatrnnk iin, connecting Pfew Orleans
with Mobile on tbe east, and giving the
ONLY RAILROAD CONNECTION
Between tbe former city anl the great and most
productive State of Texas on the west, the total dis
tance from Mobile to Bonaton being 4T5 miles.
The Company Is compoaoi of strong Northern
capitalists, who have already expended nearly TES
MILLION DOLLARS or tbetr own fands in the
construction of ihe line. They have bout about 925
miles from Mobile westward, and secured by pnr
chase of securities and made provision for the
thorough repair and equipment of the ior miles con
stituting the Texas division; leaving but 140 miles
-- hunt.
To Complete tho ZZntire Road.
It Is believed that no other railroad corporation In
the country has evr made so large ati expenditure
from Its own means before ottering any of Its secu
rities to the public
The Company now offer for sale the
Eight Per Coot. Mortgage Bonds
upon the Louisiana division of 226 'j miles from New
Oi leans to the Sablue River. This will probably be
the most valuable portion of the whole line, as it will
be the only rail communication by which the enor
rnous productions of Texas can reach the Southern
metropolis.
So important is this road considered to Louisiana,
that the State has made very liberal grants In aid of
the enterprise, by direct donations, by endorsement
of its bonds, and by subscription to the stock of the
Company, amounting In ail to over eight million
dollars.
The Bonds now offered are of two classes:
FIRST MORTGAGE BONDS,
to the amount of 112,600 per mile, and
SECOND MORTGAGE BONDS,
to an equal amonnt, both principal and Interest
guaranteed by the State of Louisiana. The price of
the two classes Is the same, and subscribers can
take their choice.
The Bonds are only In the denomination of $1000,
or 200 each, Interest payable January and July, at
the rate of eight per cent, currency in New York, or
seven per cent, gold In London, at the option of the
holder, at the time each coupon la due. Bonds can
be registered, If desired.
NO BETTER SECURITY HAS BEEN
OFFERED
to investors. The line Is a good and 1 nportant one,
and the stockholders have proved their determina
tion and ability to carry the work to an early and
successful completion, by tbe very large amount
t hey have themselves pat Into It.
The Bonds are largely profitable, as well as en
tirely safe. One thousand dollars invested in these
eight per cent, bonds will give the purchaser more
than seventy-seven per cent, greater annual Interest
than the same smount Invested In the new Govern
ment Five Per Cents, into which the Government
Sixes are being fnnded by the Secretary of the
Treasury.
At the same price, an sper cent, currency lone
bond Is far cheaper than a 7 per cent, gold one.
CnlrnlAtlnor a r At urn tn anprln mumnntg In Throa
years, and taking the time that the bonds of the New
Orleans, Mobile, and Texas Railroad have to run 45 .
years we find that by compounding the interest of
each, every six months, at T per cent., au 8 per
cent currency bond at OO will give return '
of $2011-18 MORE than a 7 per cent, gold
bond at tlie same price, or nearly three
time the amount of the original Invest'
ment.
While the purchaser of the 8 per cent, bonds of
this company can realize this special profit, he also
holds the option of taking advantage of any tempo
rary advance in gold, as he has choice, at every
separate conpon day, of gold interest at T per cent,
or currency interest at 8 per cent.
Tbe Bonds are dated May 1, 1871. The first cou
pon will, therefore, be a tractlon&l one, running
from May 1 to July 1. The price la 90, and accrued
interest at 8 pur cent currency from May 1 to date
of remittance.
Subscriptions will be received In Philadelphia by
DC HAVEN & DRO.,
! No. 40 S. THIRD STREET,
Of whom full Information concerning the Company
and tbe Road can be obtained.
VV. B. 8HATTUCK, Danker,
AND
Financial Agent, K. O., M. & T. R. R. Co.,
No. S3 NASSAU STREET,
6 8ftn 4p4t NEW YORK.
FURNITURE.
NOTICE.
6. W. LEWIS
GEEAT AMERICAN
FURNITURE DEPOT,
S. IV. Corner 12th and MARKET,
ENTRANCE No. IS 18.
This establishment is without t rival, being the
leading house or tlie day.
WHOLESALE TO ALL.
N. B We wltl undersell the lowest estimate of
any other establishment in th business,
0 81 mwrpt to. W. corner TWELF l'U aud MARKET.
TRAVELLERS' CREDITS.
Oar Letter of Credit gives tbe bolder the privilege of
drawing either on
DREXEL, UARJES & CO., Paris,
IN FRaNCS,
OB ON
Hemi. A. 8. PETRIE & CO., London,
IN STERLING,
As may be found most convehlent or profitable, and
is available throughout Europe. To parties going
abjoad we onVr special facUiUus, collecting tdt? la.
tercet and dividend during iholr absence without
; Large.
DREXEL & CO.,
Ko. li 80UTH THIRD HTUKS1,
PHILADELPHIA.