11 &wtnU. Hf.nry A. Parsons, Jr. . . Editor THURSDAY, JULY 2, 1874. THE NEW FINANCE- BILL. Washington, 1), C, Juno 22. 1874. The approval of the Finanse. bill by the President to-day, Was a disappoint ment to many of the estreme iuflatiouists in both bouses, who wero very confident that it would bo vetoed. The measure i'aila to meet the views of those opposed to increase in the volume of currency, but they say it is better than no legis lation, and will partially revive trudo and commerce. The bill as it wai approved by the President is as follows; An Act fixing the amount of United States note, providing for a redUtri butwn of the National Bank Currency tnd for other purposes. Section 1. 'I hat the act enttiled "An act to provide a national currency Hecured by a pledge of United States bonds, and to provide for tlx circulation and redemption thereof," approved June o, 1874, shall be hereafter known as "the national bank act." Sec. 2. That secttion 31 of "the na tional bank act" be so amended that tho several associations therein provided for shall not hereafter be requited to keep on hand any amount of money what ever, by reason of the amount of their re pective circulations; but the moneys re quired by said sections to be kept at all times on band shall be determined by the amount of deposits in all respects, as provided for in the said scotion. Sec. 3 That every association organized, or to be organized, under tho provisions of. the said act, and of the several acts amendatory thereof, shall at all times keep and have on deposit in the Treasury of the United States, in lawful money of the United States, a sum equal to five per cent, of its circulation, to be held and used for tho redemption of such circulation; which sum shall be counted as a part of its lawful reserve, as provided in section 2 of this act and when the circulating notes of any such associations, assorted or unassorted, shall be presented for redemption in sums of $1,000 or any multiple thereof, to the Treasurer of the United States, the same shall be redeemed in United States mtes. All notes so redeemed sballj be chorged by theTreasnrer of the United States to the respective associations issu ing the same, and he shall notify them severally on the first day of each month, or ofteocr at his discretion, of the amount of such redemptions; and when ever such redemptions for any associa tion shall amount to the sum of $500, such association so notified shall forth with deposit with tho Treasurer of the United States a sum in United States notes equal to the amount of its circu lating notes so redeemed. And all notes of national b&uks, worn, defaced mutilated or otherwise unfit for circu'a tion Bhall, when received by any assis tant treasurer or at any designated de pository of the United States, be for warded to tho Treasurer of the United States for redemption as'provided herein. And when such redemptions have been eo reimbursed, the circulating notes so redeemed shall bo forwarded to the res pective associations by which they were issued; but if any of such notes are worn mutilated defaced or rendered other wise unfit for use, they shall be forward fid to the Comptroller of the Currency, and destroyed and replaced as now pro vided by law: provided, That each of said associations shall reimburse to the Treasury the charges lor transportation and the costs for assorting such notes; and the associations hereafter organized shall also severally reimburse to the Treasury the cost of engraving such plates as shall be ordered by each asso ciation respectively; and the amount as sessed upon each association shall be in proportion to the circulation redeemed, nod be charged to the fund on deposit with the Treasurer; And provided far ther. That so much of section of said national-bank act requiring or permitting the redemption ot its circulating notes elsewhere than at its own counter, ex cept as provided for in this section, is hereby repealed. Sec. 4 That any association organized under this act, or any of the acts of which this is an amendment, desiring to withdraw its circulating noteB, in whole or in part, may, upon the deposit of law ful money with the Treasurer of the United States in sums of not less ihan $9,000, take up the bonds which said association has on deposit with the Trea surer fol the security of such circulat ig notes; which bonds shall bu assigned to the bank in the manner specified in the nineteenth section of the national bank act; and the outstanding notes of said association, to au amount equal to the legal tender notes deposited, shall be redeemed at the Treasurer oi the United States, and destroyed as now provided by law; Provided, That the amount of the bonds on deposit for cir culation shall not be reduced below ?50,000. Sec, 5. That tho Comptroller of the Currency shall, under such rules and regulation as the Secretary of the Treasury may prescribe, cause the charter numbers ot the association to be printed upon all national bank notes which may be berealter issued by him. Sec. 6. That the amount of United States notes outstanding and to be used as a part of the circulating medium shall not exceed the sum of 382,000,000, which said sum shall appear in each monthly statement of the publie debt and no part thereof shall be held or used as a reserve. Sec. 7. That so much of the aot entit led "An aet to provide for the redemp tion .of the 3 per cent, temporary-loan certificates, and for an increase of National bank notes' as provides that no circulation shall be withdrawn, under the provisions oi section 6 of said act until after the fifty-four millions granted in section 1 of said aot shall have been J taken up, is hcicby repealed; and it sball be the duty of the Comptroller of the Currency, uuder the directions of the Secetary of the Treasury, to proceed forthwith, and ho is hereby authorized and required from time to time, as applications shall be duly made therefor, and uutil the full amount of 854,000, 000 shall be withdrawn, to make reqnisi tions upon eaeh oi the national banks described in said section, and in the manner therein provided, organized in States having an excess of circulatiou. to withdraw and return so much of their circulation as by said act may be appor tioned to be withdrawn from them, or, in lieu thereuf,to deposit in the Treasury of the United States lawful money suffi. cient, to redeem such circulation, and upon the return of the circulation re quired, or the deposit of lawful money, as herein provided, a proportionate amount of the bonds held to secure the circulation of suoh association as shall make such return or deposit shall be surrendered to it. Sec, 8. Thattupon the failure of the national banks upon which requisition for circulation shall bo made, or any of them, to leturn tho amount required, or to deposit in the Treasury lawful money to redeem the circulation required, within thirty days, the Comptroller of the Currency shall at onoe sell as pro vided in section 49 of the national cur rency act approved June 3, 1S64, bonds held to s:cure the redempliou of tbe circulation of the associations which shall so full, to an amount sufficient to redeem the circulation requited of such association or associations, and with the proceeds, which shall be deposited in the Treasury of the United States, so much of the circulation of such associa tion or associations shall be redeemed as will equal the amount required and not returned; and if there be an excess nt proceeds, over the amount required for such redemption, it shall be returned to the association or associations whose boods shall have been sold. And it shall be tho duty ot the Treasury, assis tant treasurers, designated depositaries, and national bank depositaries of the United States, who shall be kept inform ed by the Comptroller of the Currency ot such associations as shall fail to return to the Treasury for redemption the no tes of such associations as shall, come into their hands until the anount requir ed shall be redeemed, and in like man ner to assort and return to the Treasury for redemption, the notes of such na tional banks as havo failed, of gone into voluntary liquidation for the purpose of winding up their affairs and of such as shall hereafter so fail or go into liquida tion Seo 9. That from and after the passage of this act it eliall bo lawful for tho Comptroller of the Currency, and he is hereby required, to issue, circulating notes, without delay, as applications tlicrefor are made, not to exceed the sum of 55,000,000, to associations or ganized, or to be organized, in those States and Territories having less than their proportion of circulation, under an apportionment made on the baois oi population and of wealth, as shown by the returns of the census of 1870; and every association hereafter organized shall be subject to, and be governed by the rules, restrictions aud limitations, and possess the rights, privileges, and franchises, now or hereafter to be pros cribed by law as to national banking associations, with the same power to amend, alter, and repeal provided by ''the national bank act;" Provided, That the whole amount of circulation withdrawn and redeemed from bank fransacting business shall not exceed 855,000,000, and that such circulation shall be withdraw and redeemed as it shall bo necessary to supply the circula tion previously issued to the banks in these Stales having less than their ap portionment; And Provided further That no more than 830,000,000, filial, be withdrawn and redeemed as contem plate during the fiscal year ending June 30, 1875. A collection of thirteen excellent pictures, all fino works of art, embellish the July Aldine, which is the finest publication in the world for the drawing room. The pictures in the Aldine are new, beautiful, interesting, and exquis ite as gems of art, Mr Thomas Morau opens the July number with an appro priate aud lull-page tinted picture "A Storm in the Mountains," which is ull of the midturamer splendor and action of a July thunder-storm. David Neal contributes a full page picture oi Watt and the Kettle, it being a copy ot his famous painting now on exhibition at tho Royal Academy, London. Young Watt is shown solving the problem ot steam power. Three charming pictures ot Pennsylvania scenery are contrib uted by John Hows, a full page picture showiug tho great Horse Shoe Read at Kittauing Puint, where the Pennsyl vania Railway crosses the Allegheny Mountains. Another picture is Kettle Hun, Altoona, a- wild, gloomy looking brook in a deep woods. The last ol this interesting series is tbe Old Aqueduct on the Conumaugh River, in which shows the ruins oi a great stone bridge. An Indian Scout is a strong picture, showing the red man with all his war trappings and ualy features. Our Pet shows as handsome a female face, with as perfect a profile as has ever been seen in print. Tbe remain ing contents are bright aud varied as usual. The editorial articles consist ol Literature, a sketch of David Neal, Musical matters Abroad and at Home, and Drama. Subscription price, 85, in cluding chromos The East and The West. James Sutton & Co., publishers, 58 Maiden Lane, New York City. Elk County Directory. President Judge L. D. Wetmore. Additional Law Judge Hon. J no. P Vincent. Associate Judges Chas. Luhr, J V. Houk. District Attorney J. K. P, Hall. Sheriff 1). C. Oyster. Prolhonotary $e., Fred. Schaening. Treasurer Joseph Windfelder. County Superintendent Kufus Lucore. Commissioners Bobt. Campbell, Julius Jones, Geo. d. Weis. Auditors C. W. Barrett. Thomas Irwin. Thomrs J. Burke. County Surveyor Geo Wilmsley. Jury Commissi iners. Phillin Kreiele Ransom T. Kylcr. FRED SOHOENING & CO., Law, Commercial, Book, and General Job Printers, and Stationers. ' RID G WAY ELK CO., 1A. DEALERS IN ALL' KINDS OF LAW RLANKS, AND FRENCH, ENGLISH, AND AMERICAN STATIONERY. ARNOLD'S WRITING FLUID AND COPYING INK. LEAD PENCILS OF ALL KINDS AND PRICES. Estcrbrook's Celebrated Z,Sleel Pens, the Best Jfladc. All Kinds of Job Printing done in the Best Style and at Low Prices. j LETTER, NOTE, AND BILL HEADS, BUSINESS CARDS AND EN VELOPES OF EVERY STYLE IN ANY QUANTITY. POWELL & KIME. A. MAMMOTH ' STOCK Firmly believing that the world moves, and that the demnnds of the publie are con stantly inereasint, the proprietors of the (Sraiul ntrLal toi have just returned from tho eastern and western cities with the most perfect and complete stock of MERCHANDISE OF EVERY DESCRIPTION. You cannot ASK FOR ANYTHING they do not keep, and they have absolutely BROKEN THE BACKBONE of high prices. They buy for cash and SELL FOR CASH I CHEAPER THAN THE CHEAPEST ! Ridgway, May 1st, 1873. IN EW STAGE ROUTE. J. C. BURNS, Proprietor. The subscriber having secured the con tract for carrying the U. S. Mail betweei REYNOLDSVILEL & BROCKWAY VILLE has placed on that road a line o Macks leave the Exchange hotel a Keynoldville every Tuesday, Thursday and Saturday on the airival of tbe Brooavillo stage, and return the same day. These hacks connect at Brock way ville with the Ridgway stages, making oonneotion with trains on the P. & E. Road, both east and west. Every attention to the comfort of patrons of this line will be given, and a liberal patronage solicited. Aug. Yi-VHt. NEW LIVERY STABLE IN e q jB,jr iss w DAN SCR1BNER WISHES TOLN form the Cittzcns of Ridgway, and tbe public generally, that he has started a Liv ery Stable and will keep GOOD STOCK, GOOD CARRIAGES Busies, to let up ju Via most reasonn ble terms. BHe will also do job teaaing. Stable on Broad street, above Main. AU orders left at the Post OSicc will meet prompt attention Aug 20 1870. tf. . Euw'd J. Evans & Co., NURSERYMEN AND SEEDSMEN, YORK, l'ENN'A "Catalogues Mailed to Applicants! Refer (by permission) to ilos, J. S, Black, Washington, 1). C. Weiseb, Son & CAhi., bankers, York, Pa. U-6o'v CHARLES HOLES, Watchmaker, Engraver and Jeweler, Main street, Ridgwny, t'a. Agent tor the Howe Hewing Machine, and Morion Gold Veil. Repairing niches, cle, done with he same accuracy as heretofore. Satis- actioa guiirnuteed. vlnly (Fobkxblt Wood & Hum.) STATI0K&RY i PORTABLE Steam Engines. The Best & Most Complete Assortment la the Market. These Engine hare always maintained the very highest standard of exoellenoe. We make the manufacture of Engines, Boilers and Baw MUls a peoialty. We have ttie largest and most oompleta works of the kind in the oountry, with machinery specially adapted to the work. We keep constantly in process large numbers of Engines, which we f umisb at tho very lowest prices and on the shortest notice. We build Engines specially adapted to Mines, Saw Mills, Grist Mills, Tanneries, Cotton Gins, Threshers aud all classes Of manufacturing. We are now building the' celebrated Lane Circu lar Saw Mill, the best and most complete saw mill ever invented. We make the manufacture of Saw Mill outfits a Special feature of our business, and can furnish complete on the shortest notice. Our aim in all cases is to furnish the best ma chinery in the market, and work absolutely uu equaled for beauty of desiam, economy aud strength Send for Circular and Fries List. UTICA STEAM ENGINE CO. TJTICA, W. T r. a 1 F YOU WANT TO BUY GOODS CHEAP 00 TO JAMES II- IIAGERTY Main Street, Ridgway, Pa. t DRY GOODS, NOTIONS, BOOTS SHOES, HATS AND CAPS, GLASS AND QUEENS WARE, WOOD AND WILLOW-WARE, TOBACCO AND CIGARS. A Large Stock of Groceries and Provisions. The BEST BRANDS of FLOU 1 Constantly on hand, add sold as che o as toe CHEAPEST. JAMES II. IIAGERTY. STEAM ENGINE THE ELK ADVOCATE. THE OLDEST TAPER IN THE COUNTY, HAVING THE LARGEST CIRCU- A TION, IT IS THEREFORE THE ADVERTISING MEDI UM IN THE COUNTY Sfvottd to tht gutcrcistiJ of the foplt of th (County. TERMS:$2.00 PER YEAR. If you want to sell anything, lot tho people know it through tho Advocate, the great advertising medium. BRING ALONG YOU 11 ADVER TISEMENTS AND GET THEM INSERTED IN THE ADVOCATE, AT LOW RATES. She (Bill gilM Job Printing Office. In the Court House, Ridgway, Pa. The best work done, aud at tho very lowest prices. Hand bills printed at the shorest notice Call in and get our prices for advertis ing and jobbing. Satisfaction warranted Orders by mail promptly attended to Address, HENRY A PARSONS, JR. Ridoway, Pa JpiIYSlClANS AND DRUGGISTS. A prominent New. York physician lately complained to Dundas Dick, about his San dalwood Oil Capsulas, stating that some times they cured miraculously but that a patient of his had taken them for sometim without effect. On being informed that several Imitations were made and sold, he Inquired and found that his patient had been taking capsulas sold in bottles, and not DUNDAS DICK & CO'S. What happened to this physician may have happened to others, and DUNDAS DICK & CO., take this method of protecting "Oil of Sandalwood" from this disrepute. PHYSICIANS who once prescribe the Capsulas will CONTINUE TO DO SO, for they contain the PURE OIL in the BEST AND CHEAPEST form. OIL OF SANDLEWOOD Is fact super seding every other remedy, sixty Cspsules ONLY being required to insure a rate and certain cure in six or eight days. From no other medicine can this result be had. Dick's Soft Capbi'I.ks solve the prob lem long considered by many eminent phy sicians, of how to avoid the nausea and dis gust experienced in .Bwallowing, which are well ki.own to detract from, if not destroy, the good effects of many valuable remedies. Soft Capsules tt)e put up in tin-foil and neat boxen, thirty in each, and are tho only ciipiules prescribed by Physicians. 6-THE8E WERE THE ONLY CAP SULES ADMITTED TO THE LAST PARIS EXPOSITION. , Sond for Circular to 35 Wooster St., N. YJ SOLD AT ALL DRUG STORES. General Agency, 110 Rei'de Street. N. Y JEEAZJJS VEGETABLE SICILIAN hair RENEWER. Every year increases the popularity of this valuable Hair Preparation; which is due to merit alone. "We can assure our old patrons that it is kept fully up to its high standard; and it is the only reliable and perfected prep aration for restoring Gray or a aded Hair to its youthful color, making it soft, lustrous, and eilken. Tho scalp," by its use, becomes white and clean. It removesall eruptions and danarun, and, by its tonio properties, prevents the hair from falling out, as it stimu lates and nourishes the hair-glands. By its use, the hair grows thicker and etronger. In baldness, it restores tne capillary glands to their normal vigor, and will create a new growth, except in extreme old age. It is the most economical Hair Dressing ever used, as it requires fewer applications, and gives the hair a splendid, glossy ap pearance. A. A. iiayes, m.jj., otato Assayer of Massachusetts, says, "Tho constituents aro pure, and caretully selected for excellent quality; and I consider it tho Best Preparation for its intended purposes." Sold by all Druggists, and Dealers in Medidna, Price One Dollar. Buckingham's Dye As our Tienewer in manv cases re quires too long a time, and too much care, to restore gray or faded Whisk ers, wo have prepared this dye, in one preparation', which will quickly and effectually accomplish this result. It is easily nnnlied. and nroduccs a color which will neither rub nor wash ofZ Sold by all Druggists. Price Fifty Cents. Manufactured by R. P. HALL & C0. NASHUA, N.H. M ILLSTONE AUDITORS' SETTLE. M EXT. Charles II Hoffman, T rcasurcr of Mill stone Township, iu account with suid Township: TOWNSHIP ROAD Fl'XDS. To unseated orders of 1872 from former treasurer "HO 00 To cubU tnim former treasurer 11 " unseated orders of l!S7:S W 00 " ensh from C. R. Earley, Co. Ireni. lluiid funds 140 til " ciili from O. K. Hurley, County Titus, limine, luuds i)7 07 1,51121 IV. By orders redeemed IW.t 1ft ' per cc;i tuge 12 1 1 ' Luluucc liuu treasurer (MO 25 $1,5'.I2 21 Dr. To bal. due fund from trcasjrer $!40 25 TowNtmr roon finis. Dr. To casli from former treasurer oO'.t 80 ' U. li. turley, County trea:urcr !i7 58 347 H8 Cr. By orders redeemed 155 75 per ceutnge 3 11 balance due from treasurer 188 52 347 38 Dr. Tobalanceduc fund from treasurer $188 52 We, tlia uudersigned, Auditors of Mill stone Township, Llk County, hereby ceri tify the above Kettlement to be correct to the best of our k novvleclge. ADAM ZlMMr".KMAN, .... pu JOHN K MOOKE, Auditor Adam ..mmuumax, T. C. June 0th, 1S74 lOtU. ISTACLISllLD 1823, MLYEll & SONS, PIANO MANUFACTUHKHS, 722 Arch Street, PHILADELPHIA. THE LEADING F1KST-CLAS3 TIANOS. No other Pianos have the improvements. Prize Medal of the World's Fair. Loudon England, and the highest I'riies of the country swarded. v3n42-3iu FUR SALE BY E. K. G RES II, Masonio 11 a 11 Building, Ridgway, I'a. VAH VLECK'S CELEBRATED PATENT SPRING BED BEST tempered eteel spring wire, these springs can be laid on the slats of any common bed and are COMPLETE IN THEMSELVES ! Also agent for Weed Sewing Machine, Easiest Running, Most Durable, and BEST MAUUiKia in tne market. Call and examine before purchasing elsewb ere. v4n!6t9$, BUSINESS CARDS. O. A. RATUBUN, Altorney-at-Uw, Ridgway, Pa- 2 2 tf. RUFUS LUCORti, AUorney-at-Law Rirtb-wav. F.Ik Co.. Pa. Offioe in Hall's new Drick Building. Claims for collection promptly attended to. ?3nlly. II ALL & M'CAULEY, Attorneys-at-Ltw. Office In New Brick Building, Main St Ridgway, Elk Co., Pa. Tiin2tf. REYNOLD'S I10USE EETUOLESVILLE, JEFFEESON CO, PA. H. S. BELNAP, Pbofbiito J, O. y, BAILEY, ATTORNEY-AT-LAW. Tlnoyl. Ridgway, Elk County, P. Agent for the Traveler's Life and Acoi dent insurance Co., of Hartford, Conn. J A MES D. FULLERTON, Surgeon Dentist, Laving permanently lo cated in Bigway, offers his professional ser vices to the citizens of Ridgway and sur rounding country. All work warranted. Office in Service & Wheeler's Building, up stairs, first door to the left, 78-n-82-ly G. G. MESSENGER, Druggist and Paraceutist, N. W. cornn of Main and Mill streets, Ridgway, Pa. A full assortment of carefully selected For eign and Domestio Drugs. Prescriptions carefully dispensed at all hours, day or night. ln8y J. S. B ORB WELL, M. D., ' Eclectio riiysician and Surgeon, has remov ed his office from Centre street, to Main st. Hidgway, Pa,, in the second story of ths new brick building of John G. Hall, oppo site Hyde's store, Qtlieo liours: b to U a- n: 1 to 2 p, m. 7 jan 9 73 T. S. HARTLEY. M. D., Physician ana Sureeon. Ridgwa , Pa. Office in Walker's Building. Special attention given to Surgery. Ofiics house from f a. m. to 10 p. m. Residence ou corr er rf South and Court streets, op posite (lie new School House. All calls promptly attended to. vln2yl. HYDE HOUSE, Hidoway, Elk Co., Pa. W. II. SCI1RAM, Proprietor. Thankful for the patronage heretofore so liberally bestowed upon him, the new proprietor, hopes, by paying strict at- cutiou to tue oomlort ana convenience of guests, to merit a coutinuance oi ths 5IU1IC. Oct 30 18C9. BUCK TAIL HOUSE, Kane, McKean Co., Pa. R. E. LOOKER, Proprietor. Thankful for the patronage heretofore o liberally bestowed upon him, the new pro prietor, hopes, by paying strict attention lo the cuiulori aud uunveuieuoe of guests, to merit a continuance of the same. Th only stables lor horses in Kane aud well kept night or day. Hall attached to the Hotel. vln-'Jiyl. KERSEY HOUSE, Ck.nihevii.le, Elk Co., Pa. John Collins, Proprietor. Thankful for the natronaore hpratntnra so liber illy bestowed upon him, the new proprietor, hopes, by paying strict at tention to the enmforL n.r.d Annveninis of guests, tlmerit a continuance of ths EJUUJU. P. W. HAYS, DKALEJl in Cry Goods, Notions, Groceries, and General Variety, FOX, ELK CO., PA. Ectrley M. . vln47tf. JAMES PEN FIELD (Suco sor to VI. C. Healy,) DEALER IN LEY GOODS, GE0CEE1SS, 7&07XSX0HS, PRODUCE, FRUITS, &o. v3a7tf. West End, Ridgway, Pa. FRED. S CH O EN ING, WHOLESALE AND RETAIL DEALER IN PIANO-FORTES, ORGANS, SHEET MUSIC, and MUSIC BOOKS Pianos and organs to rent and rental an- plied if purchased. 1'votuouotary's Office, Ridgway, Pa. v2u0tf. "TO-DAY," THE PEOPLE'S ILLUSTRATED PAPER. Is a thorouehlv Amnrinnn nl.i.. :i S3 .".M.M,, . luetrated by the leading autists, and teem, ing with the best etforts of the most able writers of our country. It is a paper that, once introduced in the tamily oirele, is sure iu us eageriy watcuea ior aim oareiuliy pre served. The choice of THREE OP THE MOST BEAUTIFUL) CHROMOS ever issued, is given to each subscriber, vix: just do high ana "Little sunshine " two beautiful Child Piotures, by Mrs. An derson, and "Amoxo tub Dewdrops," a landscape in water-color by the eelebrated BIRKET FOSTER. All our agents have copies of eaeh, and are prepared to deliver them together with a subesription Certificate signed by the pub. Ushers, at the time the money Is paid. Agents wanted everywhere, and liberal ial ducenients offered. Sample eopies with full particulars and description of the Chromos sent on reoeipt of sis cents. emytwo;iollari ana & half a yew. Address, TO-DAV PRINTING k PUB. CO . T33 Sanson St., ihti. 712 Broadway, N. V. 3 School St, Boston. 113, & 117 E .Madison St, Chicago.
Significant historical Pennsylvania newspapers