Daily evening bulletin. (Philadelphia, Pa.) 1856-1870, December 03, 1868, Image 1

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VOLUME xxll.-NO. 202.
(Sundays excepted).
607 Chestnut !Street, Philadelphia.
W. L. =BUM . TtioB. J. wudiLlannve4.•
FRANtad Wh.Lo 8.
The Btrlxarty la served to onbecrihers to the city at 18
seats week. ravable to the carrion. or 88 per annum.
IN ritz
OF usairoup, CONS.
Assets over -
Venom leaving tbo city efeeebtlly will tool better oath
God by befog hthured.
WILLIAM W. AIME% Agent and iittornah
I II South Fourth Street, Philadelphia.
few th
119 tiee, &e. stylets. MASON & CO..
anZtt§ 907 Chestnut street,
Newed nnd beet inviner. tUlti DISEKA, 13t&
Muer and Eneraver, 1113 uneetnut street. feb zO, tt
I.ITTLE-LIOOPER..--Io New } ork. on Thursday, Nov.
II(b, by Rev. 8, D. torahs , d. gestated by Rev. L. li.
Wog. Rev. James A. Little to Vas bar:4h Jennie, daugh
ter of William H. Cooper, req.,
EVA NS.---On the 3cl inst. Hannah IL Evans, in the Elth
Year of her age.
'1 he relative* and friends of the family are invited to
attend the funeral, from her late residence. 11l FrankSu
street, on dew, nth.day morning. the 6to Inst. at nine
o'clook. Formal to proceed •to Springfield. Delaware
county. SO
rtilai,EFS.--On Tuesday. Dec. let. at Trenton. New
Jersey. Miss PhDL pa—in the Nth year of his age.
Funeral to take place treat he late feeldence. on Pad. kY,
Derember 4th at 13 o'rlork
1311ESN.— On the 341 Wt., Mr. Patrick Blum aged 61
the. relifivei _and 'friends ol the - family areinvited to
attend the funeral, from his late residence, No. idle elan
tech creet, below Thom warm. on Safarday mom int. at
By. o'clock. °MCC/ and interment at St. Slichaei.e. s•
WJf•FitEll.—ln tlici.o.outt, Va. on the of llovetn,
her. 'I botoae 'Nutt; ee. in the lath ye kr of WA sae.
Slack Habits.
Mark Cretonnes.
Black. I,:pthelinee.
Mark Irieb Yopllrm.
Mack Alkwool eoplho.
Mack dllk and Wool looplimt.
Black Hemmed t label Loug eltawla. _
Mack MixedaWater proof Clabo.
Mouruing IMillevard Sltirte.
Mack tad White Striped Pdellnfi i 37:4 cents.
Eti3r ;IV 6 - .140N.
!downing Dry Goode Hodge.
No. PM CHEYTNI.TT street.
MODE (131113 PLAIN .
*alai "EYEta & LANDELL. Fourth and Arch.
remove the remains of those persona buried to the
ground on Carpenter Beret t, above Fourth to the and en
Pine etrectnitioinine the church , it is desirable that any
parties Interested who with to make removal to other
grounds will notify the Committee at once, and SLMIIIII ,
manta a ill ix mmo,o facilitate their doing Es.
WS Smith Fourth street.;
id D. HAMM, f
xa Booth Filth street( C°Qll2ittee-
D,cer. ORII , II nitro
518 Sruce an et.
Third Prethrterian Lharett„ Dee. mpap , ... de3.61
•A &11:41310N^Itle SIIRVICS IN KEIId.LF OF
the Oregon and Washington Mission will be held
Tlilll V.k.NinG„. in the Choral of the Holy Teinitn
Kittantatie Sgaa•e, at 1% o'clock I'. M., at which ad
denims will 1* 12111410 by the Bishops Morris, Kerfoot
Kendall and tgarkson: Ray. IYrs. Littlejohn and liaignt,
snd boy. YhMlys Brooks.
A collection will his made in aid of the Fend to sustain
the roiselotniry work to this large Episcopal jurisdic
ace Company. Orrice No. 112 South Fourth
Agents well qualified to solicit for Al.I Insurance will
be employed on very favorable terms. dcS6t.rp
Bible Shady JAME S NNINO. at 11 o'clock, to ho con
ducted Hon. VOLLOCK.
Subject—" The Creation" (Centel .% let chap.)
VDMZI Prayer Mesta,» every Saturday Evening.
Young Met aro cordially invited. I+s
firi.P.L.T hEADINGS BY RUVCN A11d.M.2.
Und. r he auspices of the
Doors open at detect. Commence at Eigs
'ME:Ma FIFTY CI: %T. ,
For este at GOULD'S &Sulk store, iT.(
and at the door on the Evening of the
N. B.—Reserved Seats without extra ci
I tirreby grve notice that I am no lons
the Colton Dental Association of this
tor. Persona wishicur teeth extracted a
pain by nitrous 03 Ida gas. will find me
No. WV Walnut street.
as= 913trp . DR.
No. 15 t' oath Ninth ett Nat —Clubfoot, Hip, and
epinal Di area and &drip Ikfc' , nititied treated Apply
daily at 19 o'clock. nt4l arcupi
and Spring Garden emits. On MONDAY ant
FRIDAY. from 12 to I o'clock, especial attention given to
Diseases of Women and Chltdren. dea-ltrp
Lombard street. Dispensary Department.-- ilea
cal treatment and medicine furnished gratuitously to
the poor.
Eiollday Gilts.
iii Qum, foreign and domestic.
Books in 'rumba, Turkey and Cali.
907 Chestnut street,
P.ngliab makes, Pocket Knives and Sets/sn
MAdON & 00"
- 907 Chestnut street.
sralit viziety
W and IVOItY,
gage amortunont.
engraved. N. B.—Onr patrono will oblige us by giving
thoir orders for ongraVing intended for Holiday ereoento,
at an early data
de 93t 4p
Just In Ntore a New Invoice el Fine Large
Imported direct from James %tett & Co,,
in Sinai' and Large Glass Jars or by the
Single Pound.
s, , w, or. Broad and Walnut Sta.
(Correspondence of the Phlladelp4le Evening Bulletin.
Parne,November 19,1868.—" There Is a time for
all things under the sun." Even Paris has a time
to weep. "Itoarini est most!" The Grand Opera
was crowded. The Queen of Spain. the Prickle
and Princess - of Wales, royal guests and their
suites filed the bons; diamonds glittered in cor
onets,in necklacie,leracelete, brooches"and tinge
ad plentifully as the dew drope on the lapis vert a
Versailles on an August morning. • Patti, the
darling and pride of the old king of musicians,
was venting out her richest notes,
mellowed more than usual by the
oppression of consciousness that her
master was ill and suffering. A message was
whispered from box to, box chilling each heart.
with its dread import.
Rosaini eat snort I" "Rossini is dead l" In the
green room, through the orchestra,.every ear
received the message but one. Patti, the child of
song, was spared, and her notes still poured forth
in mournful cadences, falling on the - hearts of the
shuddering audience like a requiem. So the
fashionable and musical world of 'Paris were bid ;
to weep: But death was not satisfied with, one
At the Bourse a din of voices, each one striving
to make the loudest cry of prices of stocks and
the advantages of speculations, rose to a com
plete Babel of noisos and excitement. A meseage
more awfei than the loss in stocks or speculation
electrifies the eager crowd. "M. le baron James
de Rothschild est mod!" The Israelite,whe has
locked upon the advancement of this Prince ot
Bankers tb a star of hope shining through the
cloud of adversity that overshadows the chosen
people of God, covered hb head with ashes and
- wept "woe is me!" Men before heedless of the
sourly reminders of their mortality in the long
(uneral processions in the streets, turned pale
when the name of Rothschild was coupled with
death. So the rich merchants and the poor Jews
of Paris were made to weep!
Another stroke. Editors and journalists of
every grade were recording the news of the
Queen of Spain's downfall, Rouses chagrin
Amerim's triumph, and the' encouragement fell
ny the people of Italy and England to struggle
for their rights. One, a Leader of the army of
writers in Europe, in the very climax ot his of
forts to serve France and the liberalists of the
world, is stricken down and dies, bemoaning the,
(allure of his great undertaking. "Havin eat
wort !" And where congratulations filled the
Journals, obituaries meet the eye and All the
hearts of their readers with dismay. So the lit&
rary world of Parts is called upon to weep.
May I conclude this sad record of, a week in
Paris with a brief pa ph to the proprietors
of the BUI.LETIN, partiely, and the Press Club
of Philadelphia?
Death has been busy in your band during the
last two years. All who have been stricken down
were dear and valued members of your honoree
circle. The BaLLETIIN has been particularly
marked out by the merciless recorder. A young
energetic, warm-hearted - lover of his
profession and his co-laborere fell at
the threshold of the Temple of
Ambition! Those = : Who beet knew
his gentle nature, sad at the same time his flei7
enthusiasm for the Jost and Right in every
great matter, felthow hard it was to say, "Thy
will, not mine, be done," in the preeence of his
rigid brow, silent lips, still hands and motionless
feet. The second visit of the dread messenger
to the Bru.ex= called away one who was per
mitted to en)oy bnt.a little while longer the re
ward el a life's struggle for eetablishatent in the
work he also loved the best and we can find bui
one consolation in the second as in the first af
fliction. Dying in the hope of God's mercy, ht
is happier than even our best efforts could make
him, and we can but receive the warning ane
prepare for the time when to each one the Bak.
Etersche will be sighed from hearts saddened b 3
our departure.
" It will soothe thee to feel our grief,
As thou gild's' by the Gloomy River'
If love may in life be brief,
In death it is fixed forever.
Salvo—salve !
In the hall which our feasts illume,
The rose for an hour may bloom ;
But the cypress that decks the tomb—
The cypress is green forever!
E. D. W.
Chestnut street,
• ading.
anie.doiwtti lb eit.4
r connected
am their
lutclr wi thout
a my new office.
A Lively I ime lu The Treasury Depart
ment—A Copy of Secretary , Slceni
locb 9 s Annual Report Alleged to be
Surreptitiously Obtained for the
Rail Street Brokers—The Secretary
Itialies an Investigatioo, and Sails
ties himself the Report was lueor
rect—liow fieneral tirant , s Report
came to be Published in Advance—
Secretary 211cCullocla Disapproves ot
Collector Cab Os Desire to Discharge
some Democratic Inspectors
""Judger" bloanaher applies for a
Supervisoribip,which Ile did not Get,
(Correspondence of the Philadelphia ETCI3.IIIg BOUttlll.l
WASHINGTON, Dec. 2, 1868.—A considerable
stir was occasioned in the Treasury Departraen
to-day by the circulation of a repOrt that a copy
of the Secretary's report had been surreptitiously
obtained from the printing division of the De
partment, and was in the hands of _Wall street
apeculators for the purpose of operating on the
money market. Secretary McCulloch
credited the story, and said he had
used extraordinary exertions to prevent
the premature Publication of his report, and did
not believe the parties in whom he had entrusted
the manuscript copy had betrayeditis confidence.
Nevertheless, he felt it his duty to make an ill
vestigation, and summoned before him George
B. Blacartee, Esq., Chief of the Printing Division,
and several others connected with the printing
department,4ll of whom, upon being interro
gated, denied that any copy of the report had
gone out through their agency, or with their
knowledge. and after some farther inquiries,
which satisfied the SecrotarY that the report was
groundless, he dismissed the "printer boys" to
their usual employment.
Scarcely had this scene been gone through
With when an impromptu delegation of newspa
per correspondents met In the lobby, opposite
the Secretary's office, and after some parleying,
they waited upon the Secretary and requested
him to allow his report to bepublished forthwith,
as they understood a copy of it was out already,
and they argued - abet it would defeat the schemes
of the speertlators.if the Secretary would allow
an'' official copy=-to be published, which would
place all on an equal footing, They urged their
"point" with groat persistence, but the Secre
tary assured them: it was all a mistake—no copy
bad got out—he had Investigated the inatter,and
satisfied himself that the report was utterly des
titute of foundation. - He was, firm, and finding
they could not convince Min, the knights of the
quill withdrew.
The brief report of, General Grant to the Secre
tary of War, publitthed in Monday's papers, was
obtained throughtlie persistence of one of the
special cormpondents'of the Citicintlati Gazette,
Boston Daily Adderaser, and other mere... TM)
understanding at the War Department with the
907 Chestnut street
907 Chestnut street
907 Chestnut street
907 UtikpAnut ntrcet
MASON itt CO.,
407.4hestnut istreot
MASON & 00.6
Secretary of War and the newspaper correspond
etas is, that all the reports which the Secretary
consents to publish shall be given to the agent of
the Assbelated Prees, and in this all acqule4ced
on account of the fairness of the proposition.
tine of the 'corps," however, was watching out
for this particular piece of news, and on Sam rda
be. induced a prominent Congressman to accom
pany him to General Grant's headquarters. They,
were kindly received by the General, who chatted
with them some time, and the subject of his re
port .was oiscnssed. Ile frankly told them,
It was "no report at all—only . a letter
of transmittal," covering a page or s ) of
paper, with nothing in it of importance, and, he
added, in a jocular manner. "Either of yon could
write a better replan yourselves." This was con
sidered quite complimentary . , but nevertheless
his visitors begged him to allow the correspon
dent to take a copy, of it, to which he finally
consented, and requested the Congressman to go
over to the War Department, and state to the
Secretary that the correspondent might take a
copy of it, which was done, the • Secretary ac
quiescing. This shows what w "Bute porsever
unee and sweet oh" will' necompliale. The for
tunatecorrespondent divided with some of his
brethren, but the Associated Press was "left oat
in the cold."
Secretary McCulloch today addressed an offi
cial reply to the letter of Collector Cake, of
Philadelphia ' recommending the discharge of
- certain - - inspectors - whom - he -- designated. The
letter tif the Secretary briefly acknowledges - the
receipt of Collector Cake's letter, and states that
the reasons offered by the Collector for the dis
charge of the inspectors named aro disapproved.
Chis decision continues the inspectors in itheir
pokitions. Next week, when the Senate will be in
session, it is expected the Initiatory proceedings,
looking to the nomination and confirmation of a
successor to Mr. Cake, will be commenced.
IC • has recently transpired that the "illustrious"
A. B Sloanaker, ox-Collector of Revenue for the
First District of Pennsylvania,ex-S pedal Revenue
Agent for Texas,.and lastly, "Judge" Sloanaker,
of Texas, wanted to eerve hls country in the ca
pacity of a Revenue Supervisor, and addressed
very pathetic application to Commissioner Rol
tins, asking for the appointment on the ground
of his eminent pnbllc services: He was not par
ticular as to what district he would take, bet,
like Barkls; Was willin' to go -North, South or
West. - His applicatiern - was to hlit own
handwriting, and it took three clerks to decipher
one half of it. He signed himself as residing at
518 South Front street,Philadelptila,in the neigh
borhood of the sailor boarding houses longattore,
and his application was unaccompanied by any
recommendation, - Alas! for-the official aspire,-
dons of the "Judge." his application was quietly
pigeon-holed, and endorsedon the back, "A. B.
Sloanaker,' applicant for appointment as Super
visor—Texas—no recommendations." Have you
Sloanaker in your midst, without the people
knowing it? Susq.crEnexsA.-
The Arrival andlieceptioik In Bostloa.
BosTow, Dec. 2, tB6B.—The coming of General
Grant to the flub was another .of his character
istic flank MOTOMCD • s. He did not come unher
alded, but came almost unktiown and managed
to avoid altogether a crowd• of curious gazers
who were np bright and early to see hbn alight
from the Newport line steamboat train: It was
generally tindetstood that he would come by that
route, and therefore there was no crowd to im
pede his progress when he alighted from
a sleeping car on the night express,
which arrived at the Albany depot
at six ' o'clock this morning. Only -a
feiv haelmen,and the employes of the railroad
company .were there. and as the General was not
so quick In leaving - the - train as 'some of the other
passengers, he, of couree, did not have the twice- .
don of the best carriage to take him to the hotel.
In fact it was with considerable difficulty that he
was enabled to get a carriage at all. One of his
Anff failed, and the General took the- baggage
checks himself and sallied forth among the
knights of the whip for some one to take him to
the elt. James. The jehns did not know him,
and so long as they had a good "eying
toad they were not over and above anxious to
overload their carriages or to go out of their way.
Whether or not the General made himaelf known
does not appear; but it is certain that one driver
quickly concluded that he would take the Gene
ral and his party to their desired destination.
During all this delay the bulk of the arriving
passengers had left the depot, but there remained
one curious Yankee, one Who had occupied a
conk bn the same section with the President
elect, and in gettin,g up in the morning he had no
ticed that his fellow passenger carried a small
traveling-bag bearing on the bottom the signifi
cant initials of U. S. G , Galena, 111. For a mo
ment the countryman was bewildered, but when
be remembered the popular portraits of the day
and looked the General full in the face he was in
voluntarily impressed with the fact that he had
ictually been the traveling companion of ono of
he greatest men of the age.. He was so slow in
collecting his' scattered senses that the General
and his party were safely in the carriage and go-
Ing a two-forty rate up Harrison avenue before he
could find words to explain to the hangers-on
around the depot what had happened.
Upon arriving at the St. James there followed
a wash. a breakfast, a smoke and a brief rest in
rapid succession; but in the middle of the fore
noon the General found that his comforts were
being interrupted by callers. He had telegraphed
that he should decline any and every public de
monstration that might be tendered; but never
theless ho would be happy._ to _meet any of the
citizens of Boston who might callupon him at the
tit. James. This broad and generous response
was probably the cause of tke corridors and halls
of the hotel being tilled so early in the forenoon
by those curious to look upon the
figure - of the coming President. Mer
chants, politicians, present and perspective,
office holders and a miscellaneous crowd gener
ally, made up . the throng, but all were remark
ably modest in pressing their presence, and the
consequence was that only a few came hiparson
a] contact with the distinguished visitor. The
city authorities, notwithstanding they are gener
ally Grant's political opponents, were bound to
make manifest that they were glad he was among
them, and by direction of Mayor Bhurtleff, the
following communication was conveyed from him
to the General by a committee of the Council and
Board of Aldermen. Charles H. Allen,President
of the Council, acted as Chairman of the body,
and upon snaking himself known to the President
elect, handed him the letter:
2: MS.—General IT. S. Grant, U. A. A.: Dawn Bun—
Your safe arrival here will much gratity the citizens of
Boston. This will be handed to you ny Charles B.
Allen, Esq , President of Common Connell, Alderman
Jarvis D. Braman and Councilman Francis A, Osborn.
I have requested them to communicate with you and
ascertain when it will be convenient for yen to receive
a representative of the citygovernment for the pur
pose of expressing In an unobtrusive manner the re
spect whichis eaten ainedfor you by the citizens ofßos
ton. With sincere respect,
I'I.ATUANIZL 11. 1911111tTLIFII, Mayor of Boston.
General Grant read the communication rapidly,
but evidently comprehended its nature at once,
for he immediatelespressed his pleasure at, the
honor wnich - the autkorities had seen fit to show
'him, and through them he.would say to the citi-.
rens that he would be pleased to meet them at his
rooms at the St. Janice, but that he was adverse
to any public demonstration, as had already been
declared in the correepondence between him and
Mayor Bhurtleff. When, the committee -called
several politicians joined with them and were
admitted, but later in the day, when they and
others undertook to have an individual Inter
view, they were met with' the reply that the
G neral did not wish to be disturbed, and his
wishes were carried out to the letter.
The General, before his arrival, had arranged
to visit the American Watch Company's works in.
Waltham this afternoon, and the Boston City
Council was so extremely , anxious ten, accom
pany him that their requestwas granted.
The visit was very brief, but the Murat was,
shown carefully through evem.departmont of
the establishment by Mr. Robbind, the president
of the company, and upon departing expressed
himself highly pleased with•what he :.had , seen.'
Upoil returning to the city the General acCepted
an Invitation to dine , with Mr. David Bears, in
company with the Presidential Etcetera,
who bad just adjourned after casting the vote of
Massachusetts for the General as its choice
for President. Besides the Electors and
the Gem ral and his party no others
were present, and the occasion was therefore one
of exclusive enjoyment to those privileged to be
'there. The St. James has been crowded all the
evening, but none of those assembled , obtained
, the favor of an interview with the distinguished
visitor. He, will probably receive a few callers'
during the early part of the day to-morrow, and
in the afternoon be will °meet the city govern
, went once again in a friendly sit down; bat with
the very positive understanding' that there are to
be no , formalities or speeches. The fact can
not be disguised that the General has thus far re
baked most effectually,all attempts at toadyism
on the part of aristocrats and politicians of all
classes, and while they lament, the more sensible
portion of the community will rejoice. The
story, of his coming here to arrange for the
placing of his son in Harvard College is
a little ridicalcms. One object of 'his visir
is to look over some of the principal manufac
turing establishments in this section of the coun
try, and In carrying out this long cherished
desire he wishes,to bo treated with only the
civilities due a common and well behaved citizen,
and all demonstrations beyond' this will be ob
noxious to him. He will visDLowell and Law
rence during the week and leave for Providence
Saturday morning, where he will be the guest of
General Bunaside. There are some Who ludalg•
in We opinion that the pilgrimage of the Presi
dent elect hither. 113 not entirely unconnected with
Cabinet-making, and it , is barely possible that
there is some fonndation for such a suspicion.
I propose to take a coma:Lori-sense view of our
financial condition, its present influence on bust:
Ines, tit.c., and will suggest remedies that might
benefit us in future. The groat "Mecca" that
babas men look for is the resumption of specie
payments. In anticipating this much desired
result,we must not deceive ourselves by taking the
experience of the poet as our standpoint from
which to make our calculations for the future
When the financial crisis of 1857 prostrated many
of our best business men, we were quick to re
cover from its worst effects. A general suspen
sion of specie payments relieved the pressing
monetary trouble, and the vitality of the people
soon forced business Into its usual ; channels
Enterprise was not squelched out by overgrown
- capital in the hands of the few—as is the case at
present. The Wake were compelled either to
resume specie paytniaits"within a limited time, or
forfeit their charterfirand butiinessatnen could see
daylight with certainty, and could make legiti
mate operations without fear of the price of
gold or of the locking-up (by cliques) of cur-,
Our whole trouble centres in the last paragraph
I have written: The price of gold and the locking
up of currency. Individuals have a perfect right
to make whatever lawful use they please of thew
own money, and a combination of a number of
capitalists to raise or lower the price of gold, or
of stock of any kind,or of anymereantile commod
ity, is a matter of their own business — and any
detect legislation to prevent such combination has
never proved of benefit to a community. Such
operations aro Just as legitimate if effeeted by
a clique as if they were done by single individuals.
It is the essential spirit of business, and is ex
emplified as much in the trading of a small re
tailer as in the operations ,of great capitalists.
Each one, - wben be buys or operates, thinks that
be is, laying the foundation for future profits;
but as the prosperity of a people' depends more
on the prosperity of the masses than on the
wealth of the few. we shoitdd devise stiniflaws as
would be of "the greatest good to the ;greatest
Heretofore expansion of currency has- inevit
ably followed the suspension of specie payments;
and according to the old rules of political econ
omy, such would adways be the result. We, as
a people, within the past eight years have upset
all rules of political economy, and .have laid
down (in practice) new ones, and are in a great
measure compelling the whole world to follow
our example. It will.not do for any Rip Van
Winkle to point to 1858 and expect like results
to fellow in 1868. Then we possessed a compel
eery power to force delinquent banks to resume
specie payments; now we are all delinquents,
and instead of calling on the Hercules of the law,
we mustput our own shoulders the wheel.
I will now show that what is at present called
expansion of the currency is no expansion, but
that the vital interests of the country are actu
ally suffering for want of sufficient circulation. In
1858 we bad about two hundred and twenty-five
millions of paper or bank currency, and about
fifty millions of specie in the whole country
(these amounts are near enough for example) .
Now we have three hundred millions national
bank currency and about four hundred millions
greenbacks; in round figures seven hundred mil
lion b circulation,or nearly two and a half dollars
to one. This in figures seems to be abundant:
but we must bear in mind that business in 1858
was meetly done on long credit, and six months,
we are safe in saying,was under the average time.
Now we are doing business under the average of
two months' credit, which necessarily requires
more circulating medium. Again, the purchas
ing value of the money in circulation in 1858 was
greater than our whole circulation Is at present.
That in. you could buy more general
merchandise in 1858, or more agricultural pro
ducts, for $275,000,000,than you can buy now for
$700,000,000. Then the usual credit was six
months, and now the bulk of business is done for
cash, leaving the difference in time or credit
against our present circulation. Presuming the
country to have stood still in population , in me
chanical and in agricultural productions, we
would still be short in the amount of circulation.
But when we take Into consideration the increase
In population, the increase in agricultural pro
ducts and manufactures, and the fact that the
gold values of all of our products are much greater
throughout the world, we can see at a glance the
disproportion between 1858 and 1868 of the per
clirsing value of the circulation of the two
During the war we Increased the national and
State debts and the debts, 'of municipalities at
least three thousand millions of dollars,for which
bonds are held in this country to the amount of
two thousand five hundred millions, leaving five
bundren millions to be held in foreign conatries.
This estimate is near enough for an exposition of
my meaning. This large amount, principally in
goverment bonds, is mostly in New York,
Boston and Philadelphia, and , from the facility
with which money can be borr don them it
seems, in a business view, that the government
bond is the competitor or the merchant and
manufacturer. That is, capitalists prefer tending
their money with government collateral, to any
other kind, and the banks, like individuals, con
sult their own security and profit (for the interest
of their stockholders), and lead brokers large
amounts on government collaterals at the very
time they. are denying their business customers.
This no one , has a right to complain of, as they
are organized expressly make money for the
stockholders: but as the greatest volume of cur
rency is loaned to stock-gamblers (as instanced in
New York the last two months), so is business
di prised of ite vitality and made subservient to a
tight money market, just when these gamblers
choose to make a squeeze. It the Secretary of
the Treasury had a lawful right, and would exer
deo it, when these gambling cliques are con
spiring tolock up gold or greenbacks, he could
go into the market and buy Government bonds
for twenty-five or fifty millions of dollars, and
pay ingreenbacks (iesuedfor the purpose, if ne
cessary), or could sell sufficient gold to break up
any combination of, capitalists. Business now is
minced to gambling transactions, as , no ono can
form any safe conclusion that he can buy goads
to-day with nit assurance that bonen sell them at
a: reasonable profit. If the Government intends
'to supply net with curreney,l, must protect us
In tire use of it, , , , •
.Islt nny wonder that the vital interests of the
country are Suffering,?, will uo doubt startle
old - political eemioroists by advocating the Issue
f at tenet five hundreni mittiene more green
[tor the Philadelphia Evening Bulletin.l
Our National Finances.
backs, at stated periods within six months from
"am present _time; atnd .thinklt can prove that at
will assist us In reaching that great desiderata tn
Specie Payments. There are two ways to specie
payments ; One, by making' the greenback so
valuable that we would id willingly have it as
specie; the other, by making it so little value •
that it will not answer foe circulation. As we are
at preterit and as we are Holy to bolo the future,
under our present fine dal system, I will ask
any candid man ?Midi f the two ,results are ,Ice
nearia to I The Ozer 1 clissatiefactioa of bust-
Mlle men-and uan3hlin operations of dapltalists
- trrnlsh us with an intelligent answer. Congress
is to meet in a feW da a, and the crying wants of
business should ell t its immediate attention
If Congress will dir t the Secretary of the Trea
sury to go into th public market and but ono
nundred millions of Government Bonds ,per
month for five mo tbs, and pt . ) , for them with a
new issue of gr nbacks, these bonds to be
cancelled and not under any circumstances to ba
tc-iesned, it will ve to begin with, thirty mil
lion dollars' per year in interest. This wilt bane
tittbe Government credit as much ,as it would a
merchant who had $lOO,OOO of obligations on the
atreet, and who had succeeded in retiring one
fourth of them for an indefinite time, on which
the interest ceased. The less the interest-bearing
debt of the Government is, the better will the
credit be; and, as greenbacks and Government
bonds have always maintained nearly the same
value, so we will have made , one step towards
sptcie payments. If Congress will also direct
the Secretary of the Treasury to cease hOldln4
such enormous lialtinces boll f,of specie and "currency
in Idleness in the Treasury (I" may remark here
in parenthesis that the Secretary doe+ not think
be has any money unless he has from one hun
dred to one hundred and fifty millions on hand),
and direct him (after providing for interest ac
cruing within a short date), to ascertain what
ambut of surplus specie he had, and what
would be the probable receipts from customs for
any ensuing month, and on the first of each
month to give public notice that ton,twenty or fifty
per cent., as the case might be, of greenbacks
would be received during that month in payment
of duties, this would destroy all combination
of gold cliques, and would be another step to
wards specie payment,by tending to equalize the
value of gold and greenbacks, and would pre
vent the accumulation of gold in the treasury
vaults, and consequently reduce its value on the
street. This surplus gold would-:find its wayinto
the banks, and they gradually would be in posi
tion to resume specie payments at some future
lime. This plan may be objected to from the
fact that as tbe government credit improves and
the greenback has non-purchasing value, we
would have too much currency. Then would be
the time for the Government to Issue a fifty years
loan at a low rate of-coin- interest, and retain suf--
flcient, greenbacks to restore the equilibrium. The
same process as mentioned above, repeated
whenever the financial affairs of , the country
would admit of it, would replace our high
interest-paying bonds with others bearing not
more than half the Interest, and that, too, with
ihe great reduction in the principal amount,
would so reduce the taxation required' for
interest, that a large amount of surplus revenue
could be appropriated towards redeeming all
bonds paying a high rate of Interest. This can
all be accomplished within the next ten years,
and we, in the meantime, would be gradually con
forming our business to the campy spec:* basis
which happy consnmation we all devoutly hope
This communication is written only to place
our affairs in common-sense language to cent-,
mon-sense people, - and to beget discussion and
consequent action. In regard to the National
Bank notes being supplanted by greenbacks and
stopping the interest now paid to the banks on
their deposit bonds, it is a contract made with
the Government and the National Banks, and
should be • adhered to in good faith until some
quitable plan can be devised by which the own
ers of the banks will not be*injured and the faith
of the Government maintained. Objections may
be made to conferring so much pewer on
the Secretary `of the Treasury. F would
propose the organization - by act of Congress of a
Treasury Board—similar to the board of directors
of a bank, with the Secretary of the Treasury as
president of the board—winch might consist of
twelve members representing the tour great in
terests of the country; that is: Agriculture, Man
ufactures, Mining and Commerce. This would
prevent any special operations to benefit favor
ites, either in or out of office. When we con
the interests of the Eastern States as being
mostly engaged in manufactures and commerce,
be Southern and Middle States as agricultural,
,ed the new Western States as mostly adapted
lor mining, it is hardly probable but that a board
of twelve able men could be eelected who would
-o conscientiously represent these various inter ,
pets that neither should be sacrificed that the
others might prosper. G. J. H.
Philadelphia. Nov. 26, 1868.
—The .Sicilian Vespers of Verdi, as put on the
stage at the Philadelphia Academy, is always at
tractive, for there is the pretty barcarole with the
illuminated barge,and a ball-room scene of won
drous splendor. It had, however, only a fair
run at the Grand Opera of Paris, for which it was
written, and it is no longer ono of the stock
pieces there, since Cruvelli (now a baroness and
retired from business) created the part of
"Elena," and—being in the full perfection of her
powers—sang and acted it superbly. When the
Philadelphia public last saw the opera s that fine
artist, Xlme. Colson, was the "Elena," and the
equally fine barytone, Ferri, was the "Montfort;"
Brignoll and Janes taking the otter leading
parts. The recollection of that 'VIA; and
of the barcarole dud ball-room, prob
ably helped to crowd the Academy as it was last
night crowded; but the performance was, to a
considerable extent, a disenchantment. Miss
States is, of course, neither a Cruvelli nor a Col
son; no one expected that. But she was unne
cessarily interior to them, for she sang and acted
in a crude, half•taught, amateur way; forgetting
her notes now and then, and placidly letting a
trio or duo go on for a phrase or two without
the soprano part. But the audience was not
critical, and it is not worthwhile to criticise In de
tail here a performance that could not have been
applauded a few years ago, when the taste of the
Academy audience was more fastidious than it is
now. Brignoll sang his music in his customary
manner, and failed to act in the Same manner.
Antonucci, as "Jean de Procida," was excellent
and Orlandini, in the more important Hilo of
"Montfort," was very fine. There was good
method, a sympathetic, well trained voice, and
intelligent acting in all that be did% In fact,
beyond what he and Antonucci did, there was
little that was really fine ,and up to the artistic
standard of ten years ago, in the whole perform
ance. The chorus and orchestra were also below
that standard. But the easy taste of the times
seemed to be pretty well satisfied, and there was,
at times, a good deal of applause. This eve
ning Mr. Maretzek offers Robert le Diable
to his subscribers. In this the leading
soprano part is to be taken by Madame
de Lagrange, who, though not in her. prime, 'is a
real artist, a thorough musician and an intelli
gent actress, from whom the untaught or ill
taught people that now aspire to be opera singe'a
may well take lessons. The rest of the caste bf
-Robertis-gookand the opera being very popu
lar, there ought to be, and will be, a fine au
dience. To-morrow evening La Trariata is to
be revived, for the debut of a new Italian tenor,
Signor Boetti, of whom report
, speaks highly.
Creamy UT STREET TREATICIC.—The circus
troupe at this house has proved a decided success.
The auditorium has been filled to repletion each
evening since the opening, -the orchestra being
invariably the largest portion of the audience.
The troupe berie now got into good . working
order, and Elie entertainmentepasses off smoothly
and quickly. • Robinson and his infant son Clar
elm are groat artistes, and fully maintain the
great prestige) that preceded them. 'La Petit
Elize is also a remarkable little 'equestrienne.
The 'performance is all first class ; ind can safely
be denominateeta model circus.: _ '
Brisricrorr or Lencurvt. r -Godfroy Cool true
arreeted YeaterdaY by,Polteeoutu Houck on sug
piclon of the larceny of $BO fronts house at New ,
Market aria Poplar stieets. He urns committit
by Mderrean Toland.
Seizure or .
Discovety of Another `Vare'ri Neatly'
The President's ',femiist% •
(Special Despatch to the Phila Ettelen'atinakt".s
WASHINGTON, Dec. 3.—The President has do. 5
cided not to transmit his meows= ,to Congresar,_
u tll Tneadaj nett He :Stated_ jwaterday:tiat
coPfei would be sent under seal , to , the °Ricers or .
Internal Revenue to be'delivered to the tortoni
newspaper offices at noon on the day whim'
was transmitted to Congress: but this afternoon'
It is understood he has reconsideredisis intention,
and will not give advance copies to the prtss.
Big Seizttre of Whisky
[Special Despatch to the Phi Lads. Evening 13ulletla.1
WABHINGITON, Dec. 3.—lnfdrmation book. ,
received here that., James ISLAValters, of Cincin—
nati, who was appointed last week Internal,
Revenue Detective for the Southern Distriet
Ohio, bas seized upwards of four hundred barrels
of whisky in Cincinnati, which was fonndlo
have been fraudulently gauged:
The Dyer Court. -
['Special Despatch to the PhDs. EYeuhter 81114etto.1
WASHINGTON, Dee. 8. Thee exaadnition'or
CoL Laidley was continued in the Dyer court tit
Inquiry to-day, but was confined 'principally `to'
technical - questions concerning - the different:
lunds of pNjectiles.
Iliscorra-another Nate's.
(Special Deepatch to the Philadelphia llivenizmilullitin
WAsanums, December 3.—Judge 'Fullerton
of New York has turned up here again. He was
closeted with Secretary MCOulloch this morning
in relation, it is affirmed, to alleged frauds on Mar
revenue in New York.
Grant Itik Boston.
BOSTON, Dee. 3.—General Grant did not visit:
Lawrence to-day, fumes eapeeted. kpart of thfc
forenoon Wag devoted to'theleceptiofrof - vtal
at his apartments. This afternoon he will par-;
take of a dinner given by the City Council a the..
St. James. Later in the evening he will visit 4,h0
rooms of the Central Club.
From liftlifox,
HALIFAX, December 3.--Mr. Annaud publishes
another letter in reply to Mr. Horne. Hestakeet •
up Mr. Home's points seriatim and disputes his
conclusions respecting the charge against :the
government organs of being annexationists. He
accuses Horne of encouraging and disseminating
annexation sentiments among Nova &sedans,
and says the leaders of the local government have
no other desire than to recover their lest consti
teflon, and occupy the same position'
they enjoyed two years ago as
self-governing colony of the , crown:
none of them desire annexation, nor will any of
them make an effort in that direction, until all
Constitutional means have been exhausted twee--
Bsin their liberty; but the time may come,,if the .
ritish govtrnment continues its opposition; -
when the sincerity of the Americans in their pre-.
lessions of a determination to maintain the prim--
clples ekthe Monroe'Doctrine, and not allow any
... .. unity on this side of the Atlantic 'to be,
coerced - into a state of , vassalage, may be put tc•
the test.
Sr. Lours, pee. 3.—The Electoral College :of
Missonti met at Jefferson City, yesterday, and
voted for Grant and Coltax.
The temporary bridge across the Missouri
river, constructed by the Union Pacific Railroad,
was completed on Tuesday evening and Odgers
passed over to-day. The company will cotn- •
menet!, shipping freight to the terminus of that.
road, and raise the blockade which., his, for the
past ten days clogged Western commerce. , _
Six companies of tho 27th United States It..`
fantry arrived at Omaha from the west last oven
lng, and will go into winter quartoreat the Bhor
man barracks.
The electors of Nebraska voted yesterday for -,
Grant and Colfax.
500 II S 10-40 s ep c
7400 Pa 13e S sere 107%
4000 do 1 series Is 104?
1000 - do do. 2de 70414
3600 LehichOld In Ile 93%
600 do 94
WO US 5-20x'65 Jy.cp
3600 City6'a new Cep 100'
2000 Pa_6B 2 series b 5 3063 1 1
3140 Leh fVeGold In . 93%
50 eh 2d .t3d SIR • 49 -
A Mew Tribute by Whittler.
Talk not to me of woman's sphere, -
Nor point with Scripture texts a sneer, .•
Nor wrong the manliest Saint of all
By ooubt, if he were here, that Paul
Would own the heroines whohave lent •
Grace to truth's stern arbitrament.
Foregone the praise to woman sweet,
And cast their crowns at Duty's feet;
Like her, who by her strong-appeal ,
Made Fashion weep and Magnum feel, ,
Who, earliest summoned to , withstand
The color-madness of the land ;
Counted her, life-long losses gain,
And made her own her sisters' pain;
Or her, who in her g*nwood shade,
Heard the sharp call tgiit Freedom made,
And, anew ering,struck from Sappho's lyre
Of love the Tyrtann carmen's fire;
Or that young girl—Domremy's maid. ,
Revived a nobler cause to aid— \ • •
Shaking from warning linger tips
The doom of her apocalypse:
Or her, who-world-wide entranwgalre---
To the log-cabin of the slave,
Made all his want and sorrow known,
And all earth's languages hls own.
—From 4 draare Sheets of "Anzong tho
—Taroberlik sings this winter in Pads.
—Peotle crossed the r Missouri 9n leo at &sinks'
—Cincinnati journals estimate , the pepedetteek
of that city at about 100,00(). •
Tennetiene, baa already !tad a
snow-storm. ' • .• • .
—Steinhart's comic opera, "Hero and Lean
der," la to be produced, at• Hamburg.
—Ambrolae Thomas's opera of ‘..Hign.ort7 Is a,.
euccese et Cologne.!"
--A. hide' fo coit ttree-quartos of a million iit.
to be built in Chicago.
—A_proof.readerat'societsr in BOStOn Cab/ lwm'
the "Bone* of Collctiol3," • • • •
—:1311 E 8 Xelkigg will awn make the toilr
-New York 4tatc.
3:15 CYC1oo14:
tOCK EMCI1118111g04;
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168 eh Penns 8 . 61_';
109 0. do Its 51,..
NO sh StNleh el.
seh Aced Atusic OS
67 sh Penn R tts 54
10 ab Minehill R 57
100 ski Reedit s3own 403,6
100 eh do slOw.t 49