THE PRESS, rITBILISHED DAILY (SUNDAYS EXORPTBDJ BY JOHN W. FORNEY, tFFICS, No. 11l SOOT} /MUMS STREET. TILE DAILY PILESSI EILIIITRER MINTS PRA WiStlk,. payable to tho Carrier. ' piled to Subscribers out of tho City at Ewer DOLLARS rot ANNUM. FOUR DOLLARS FOR Sttt MOICTUS, TWO DOL. r.A roa THRIS brONTRS -- inVarlably In advance for 010 tio, ordered. Advertleornente tuaerted et the usual Stec. Stir alnde aonatitnte a aqtetre, • TILE TRI-WE'EXICAT PRESS, %filled to Subscribers unt of the City et Vous DOL „cis PIM ANNTIIii, in arbtance. RETAIL DRY 'GOODS. UT STAIRS DEPARTMENT. BOYS' CLOTHING LADIES' CLOAKS, READY MADE OR MADE TO ORDER. • COOPER & OONARD, faEotrel S. B. COR. NINTH and MARKET , JAMES R. CAMPBELL it Oa, IMPORTERS AND CASH DEALERS IN DRY GOODS, AT WHOLESALE AND RETAIL, 727 CHESTNUT STREET. gave last reoelyed, and are now offering, magraficent ,:tnes of SILKS, SHAWLS, AND DRESS GOODS, SSPEOIA•L'LY ADAPTED TO THIS SEASON. Bolan RICH AND RELIABLE FURS Or OUR OWN IMPORTATION MANUFACTURE. fICIDSON'S BAY SABLE, ROYAL ERMINE, DARK SABLE MINK, REAL CHINCHILLA, DARK SIBERIAN SQUIRREL, CH EVERY FASHIONABLE STYLE, FOR LADIES, MISSES, AND CHILDREN FURS MADE TO ORDER. J. W. PROCTOR et Co., No. 920 CHESTNUT STREET, PHILADELPHIA, onfi•Atuth2m MEN'S AND BOYS' WEAR. Cassimores for Btudaess Suits. Cass!mares fur Dreis Snits. Cassimeres for Boys' woar. Clothsadapted to every use. Boys' Clothing, wady .made. Men's and Boys' Snits made to order, BC, A SMITS. A tip-top lot at $5. Damaged Gray Blankets at $2 50 and $3.60, Horse Blankets—Army Blankets, Domestic Goods et lowost prices. TABLE LINENS, Fine Table Damasks and Cloths. The famous powerloom Table Linens. Bargains in DRESS G 0 SS G ki & OO DS e. 2,631 yards newest styles Delatnes at 2,5 e. Blue Reps, Bina Poplins, Blue Paramattas. Brown Hops, Brown Pplins, Brown Coburge. Balmor&ts at $2.75, ' .25,and $3.60. c OPER & CUNARD, 8. Z. corner NINTH and MARICBT Streets. 3RDWIN HALL & BRO., . 1 " 'AO South SECOND Street, Have reduced the prmessif F 14,13 0 ,1 Silks Rich Printed Dress Goods, Choice Shades of 'Mori noes, Beautiful Colons of Reps or Poplins, AU-Wool De Laines, ill kinds of dark dress goods reduced. Also, Pine Long Broohe Shawls, Open Centre Long Cashmere Shawls, Ruo.p new styles of Blanket Shawls. 4-4 Lyons Silk velvets, pure Silk. nRY GOODS FOR WINTit. Rep. Poplins, Trench Merinos, Colored Mousseline% Pettit De Soles, Poniard Silks, Blanket Shawls, Balmoral Skirts, Black Silks, Fancy Silks, Black Bombazines, Worsted Plaids, Cheap Del:tines, French Chintzes. Shirting Flannels, Brodie Shawls, Fine Blankets, Crib Blanket's. SHARPLESS BROTHERS, CHESTNUT and EIGHTH Streets. H STEEL & SON HAVE A LARGE • assortment of DRESS GOODS, suitable for HO. LIDAYPRIIENTS. Rich Fan Silks Plain Silks, choice colors. Plain and Figured Black Silks. Plain and Figured Rep. Poplins. Plain and Figured Merxnoes. Plain &Merino Cashmeres, at 3736 c, worth 63. WINTER BRAWLS in great variety. MERINO SCARFS, 3ROCIIE BORDERS. CLOAK f New and Fashionable Styles, made of Black Beaver, Frosted Beaver_, and Black Cloth. Call and examine our stock. We' guaranty to give ea •3sfaction, as -we sell nothing bat good articles, and at 'rower prices than they can be bought elsewhere. deli Nos. 713 and 715 North TENTH street. CHEAP DRY GOODS, CARPETS OIL •^ 1 CLOTHS, AND WINDOW SHADES.-V. E. ARCHAM BAIRN, Northeast Corner. ELEVENTH and MARKET Streets, will open TIM' MORNING, from Auction, In vain Carpets at 37, 45, 50, 62, 75, and 37c. Entry and Stair 'Carpets 25 to Oho:Rag, Hemp, and Yarn Carpets, 20 to 45c. Floor Oil Cloths, 31 to 62c. Gilt Bordered Window 'Shades, 62c to *l . ll. Buff and Green Window Holland. -Mous. de Laines, 18 to 20c. Plaid Dress Goods, 2.5 to 4.5 c, Fliristmas Chintzes, 18 to Frosted Beaver Clothe, ' to $3. Water-proof Cloaklugg, $1.25. Fancy Shirting annels, 37 to 62c. Canton Flannels, 25 to 310. Shirting end Sheeting. dell-thstu lm CRIB AND CRADLE BLANKETS. Large Crib Blanket. Flue Cradle Blankets. je.l EYRE & LANDELL, POURTH and ARCH' W N YRE & LADELL, FOURTH AND 4m--4 ARCH, have a fine stock of GOODS FOR .F.,13111,Y CUSTOM. Good Large Blankerdi. Good Linen Sheetinp. Good Muslin by the niece. Good Unshrinklug Flannels. , Good Fast Colored Prints. 'Good Table Linen and Towels. Good Quality Bionic Silks, Good Assortmont Colored Silks. Al COMMISSION MOUSES. ,vvvvv,,,,nnis,,vvs., COTTON YARN. STPERION COTTON YARN : No. 10, FOR SALE BY PROTHINGEAM WSLLS. tr SHIPLEY, HAZARD, Ja HUTCHINSON, No. 114 CHESTNUT STREET, COMMISSION MERCHANTS FOR THE BALE OF PIIILADELPHIA-MADE GOODS. Be2S-Sm ATLANTIC COTTON MILLS. SIIEETINGS AND SHIRTINGS. CHARLES AMORY, JR., & CO., AGENTS 205 CHURCH ALLEY, I.7IILAIMPTIT A. jatf CARPETS AND OIL CLOTHS. FOURTH -STREET CARPET STORE, No. 47 SOUTH FOURTH STRIRT. J. T. DELAOROIX. Unvitee an examination of his'stock of Carpetinue to which will be found VA PIECES BRUSSELS OARPETINOB. alkt Iwo than present coot of importation. Also, 900 pieces extra Imperial, three-ply, superfine, nedinm, and low-grade Ingrain, Venitian, Hall, and Stair Carpeting. at retail, very low for cash. noS-2m CAS T FURNITURE. CABINET FURNITURE AND Bilk. LL&BD TABLES. MOORE ct CAMPION, No. 261 South SECOND Street, 3n connection with their extensive Cabinet Business, arc taow manufacturing a superior article of BILLIARD TABLES, And have now on hand a full supply, finished with the ;MOORE & CAMPION'S IMPRO\ ED CUSHIONS, which nre pronounced by all who have used them to be imps. tier to all others. For the quality and finish of these Tables the mann- Acturers refer to their numerous patrons tbroughoni the Union, who are familiar wi th the character of their 'work, an23-6m 5-1 . 7 AWE{ STREET. - C. A. VANKIRK & CO. Have on band a ttno assortment of CHANDELIERS AND OTHER GAS FIXTURES. Also, French Bronze Figures and Ornaments, Porcelain sine Mica Shades, and a variety of FANCY GOODS . WHOLESALE AND RETAIL. Please call and examine goods. del3-17 A U T 1.0 N. The well-earned reputation of FAIRBANKS' SCALES Etas Induced the makers of Imperfect balances to offer them da "FAIRBANKS' SCALES," and purchasers have thereby, to many Instance-3, been subjected to fraud and kalPosition. Fairbanks' Scalee are manufactured only by the orlainal Inventors, E. & T. FAIRBANKS & CO., and are adapted to every branch of the business, Where a nougat and durable Bralea is desired, FAIRBANKS dc General Agents; -404 Busowto HAIL, 115 CHESTNUT ST. • - r - ti (•\. -. ,Sl*. ~- e> 4rYtt..li.., . .. • • • • - . .. . .. . ...„. .. _ .. • <,‘ \ l , l iii, / ,: ..2. -. - - .. , ...-:_, , •,.........., 8 „ - \ -- - • .<_ . L .; • . * 4 .a . •., .. ~,•_-__-„, -. .7.,," . .....,..._55\'.\‘', , ,,\ 1 1,1", , , , , --. 0 1 ' ,, " 6 f --...,--,,..- :,,,,; :;,' „ ) r,' .. :::.; - • - , .•' - ':;:::•.. i . ;':',.., : r * . 4 .. ; ':' ~:;. 7 . .'-'- ' .%--- ---- '.... .; . 1 \ --!'-/•• - I • .'''•''' , ...-. , -. '; W' ..i .‘llllllll - :-o,'-.0 4 ',:.., , " , ,4".' : - ' ..---. -.-." . i: i'7 . . . PIN .. ~ . ~ ....., 1 .. i r l -.,-, Ir..' .. - -A - A li f 5 . .'::.'":4,-; 4'. ''..,::: .. 1 .. -• p ming ---"::-.-," ef' ',:,',;;-% • • :•: -.15,- r" 4o r, V. 4 ' f....:4 '). '° •.! t •f1• 36 4 ' ..,'6';'.'''" • : , : iii% --7- . 11 - :1. '. .j 1111 . 1 % - r**l - •: - '':-, , •';'. - m':' , ..;;`.% 7 ,. •': . ' -,- •: - '7f 4 "a ' .< . 1111 " ~.;. , . : .7. '''. --- L - :'-. " ..-:."" ~•'ilitlfx.;'',7;.;?' ' . N 4 !itl -- 1 1' 777;ri laai -.... - i ' r ' .- ''. .' '-: 4' . 4?.lii;al;;' -. - r :-------- - , , . .., .. i .;. ,:.,-. ;!... \ ...-. 7 .-....„,.. ----...._ v ,.. _s_ - .: ...7, : 7 . .4/ . 0.4:.: --1 - ,.:':- 407 , 0.F , 7.' ,. :,?e•-;! & - JA - 7 1 . • I,_ ,:-.--!. ..;.•••' .i),-c,•':-,:-,,.,.,,.•=5irdr..6r..!!'.--I..tZL-----.. . • •,, ---- -..... - ----- • '" - ---- ---..lii --, - - : -- - - 7 `'fie — ,` -. 1 . , • , ,-..,-,- C * j . . : .• _ • •......-,, • ..:..... • • - • • . --. .. ..., -- --.............._-- 4: ._ . • ' ._. . " . VOL. 6.-NO. 136. " Hurrah for the Western Army Here's health to the Union soldier,. • Wherever he may be, For he's the man who lights our foe,' Upon the land and sea; ' But as the ragged rebels are • So very nicely dressed, liere's honor to those Journeymen. The Army of the West. Although thefifswere elegant, The traitors all complain— ,fp They soy the cut will never suit. • And measure Was in vain, Old Bragg will stop his brag awhile, Nor Cheatem play the cheat— Poor Drecklaridgo, the ram-ocrat, • Is on O. grand retreat. Thou shout the Western soldiers, And their brave Gen'rat, too, • Who, generally . speaking, Math) The robs" some work to do.. 'Now lot the Eastern Army move, And o'er another The soldiers will re-dress their wrong Within the Great OAK lIALL, Where the best and cheapearClothing in the careen be had. WAXAMAKEtt Sr BROWN, • OAK lIALL, •S. E. COR. SIXTH' AND MARKET STREETS. 11 0 A!CY ARTICLES: CLARK'S ONE-DOLLAR STORK. 602 CHESTNUT STREET. Silver-plated Ware, Jewelry, Photograph Albums, Travelling Bags, Pocket Books, Port 3lonnaies, Cabas, Ike., for 50 to 100 per cent less than the regular prices. The following in a partial list of articles which we sell at-ONE DOLLAR EACH.. The same goods are sold at other places from Brt to $8 each : YOUR CHOICE FOR ONE DOLLAR! • Ladies' Sets, new and beautiful aides, Do. Pins, Do. Ear Rings, Do. Sleeve Buttons, Do. Guard Chain, Do. Neck do., Do. Gold Thimbles, Do. Finger Rings, Do. Pencils Do. Pons with case, Do, Bracelets, Do. Medallions, - Do. Charms, Do. Pearl Port Itounates, Do. Morocco do. Do. Wire do. Do. Purses, Do. Card Cases, Infants' Armlets, Do. Neck Chains, Gents' Vest Chains, different styles, Do, Sleeve Buttons, do. do. Do, Studs, do. do. Do. Pins, do. do. Do. Scarf Pins, do. do. Do. Scarf Rings. do. do. Do. Finger Rings, do. do Do. Pen and Case, Do. Pencil, revolving. Do. Tooth Pick, revolving, Do. Watch Rays. Do. Chain Rooks. Do, Chain Charms, Do. Pocket Books. Do. Bill Books, Do. Port Mnannies &e. SILVER-PLVED WARE: YOUR CHOICE F R ONE DOLLAR( Sets of Table Spoons, Do. Dessert Spoons, Do. Tea do. Do. Forks, Pair Buttor Knives, Do. Napkin Rings. Knife and Fork, Goblets, Cups, Sugar Bowls, Cream Cups, Syrup Cups, Butter Dishes, Castors with Bottles, Salt Stands &c. YOUR CHOICE OF ANY OF THE ABOVE ARTICLES FOR ONE DOLLAR. NOTICE.—In order to meet the wants of our numerous ittetomers, we shill keep a stock of the finest Plated and All-Gold Jewelry, together with an assortment of heavy 'plate Silver Ware, and a variety of Photograph Al bums and Fancy Goods, which we will sell at prices which will defy competition. Ladies and Gentlemen are invited to call anti examine our stock. Every attention paid to visitors whether they wish to purchase or not. Remember CLARK'S ONE-DOLLAR STORE, noll-2m 602 CHESTNUT Street. PAINTINGS, ENGRAVINGS, .46c. Jn MES S. EARLE & SON, IMPORTERS AND MANUFACTURERS OP LOOKING GLASSES. DEALERS IN OIL PAINTINGS, ' ENGRAVINGS, PORTRAIT, . PICTURE, and PHOTOGRAPH FRAMES. PHOTOGRAPH ALBUMS. EXTENSIVE ,LOOKING GLASS WAREROOMS AND GALLERY OF PAINTINGS, aem-tr 816 CHESTNUT Street, Philadelphia. GENTS' FURNISHING GOODS. 606. ARCH STREET. 606. FINE SHIRT AND WRAPPER EMPORIUM Full Assortment of GENTS'.FURNISHING GOODS, IN GREAT VARIETY ziirJrA3(OtIOYWARII‘I,IOI7V 04;fifigsozwor, G. A. HOFFMANN; Successor to W. W. KNIGHT. 5a3-stuth Sin GO6 ARCH STREET, GOO. HOLIDAY PRESENTS. Noe: 1 AND 3 NORTH SIXTH STREET. JOHN C. ARRISON, (FORMERLY J. BURR MOORE,) Bas now in store an elegant assortment of GENTLEMEN'S WRAPPERS, SCARFS; NECK TIES, GLOVES, &c., In Great Varlets 10FOLIDAY PRESENTS.- OPENING H a. splendid assortment of • GENTLEMEN'S FURNISHING GOODS, imitable Presents for Gentlemen. J. W. SCOTT, No. Sl4 CHESTNIIT Street, dell-tf Vonr doors below the Continental. DRUGS. AND CHEMICALS. ROBERT SHOEMAKER Sc, CO., Northeast Corner 'Fourth and RACE Streets. PHILADELPHIA, WIIOLESA.LE DRUGGISTS, IMPORTERS ARIL.DEALERSf FOREIGN' AND DOMESTIC WINDOW AND PLATE GLASS, ISANIIPACTORF.S9 OP WHITE LEAD LAND ZINC PAINTS, Plyrri, 64. AGEHTB FOR THE CELEBRATED FRENOII. ZINC PAINTS. Dealers and consumers supplied at VERY LOW PRICES FOR CASH n027-3m 'CALOTHES 7 WRINGERS. THE GREAT CLOTHES WRINGER. "PUTNA.M "SELF-AILTUSTING CLOTHES --witraGEn" . Is warranted to he superior - to any other in use. - EVERY FAMILY MOULD POSSESS A 'CLOTHES WRINGER. • - mexersß, jet, It is a'relief to the hardest part of washing-day. 2d. It enables the washing to be done in one-third less times " ' * 3d. It saves clothes from the laittrY always given by twisting. 4th. It helps to wash the clothes as well as arm them WE BELIEVE IT ADVISABLE TOPROCTURE ONE OF THIS KIND, PeROAID3I3, FIRM'. The rolls being of vulcanised rubber, will bear hot and cold water, and will neither break nor tear off buttons. SECOND. The frame being of iron, thoroughly gal vanised, all danger from rust is removed, and the lia bility to shrink, swell, split, ,ku, so unavoidable in Wooden maohinee, is prevented. Tarim. The spiral springs over the rolls render this ma shine self-adiusting, so that small and large articles, as Wallas articles uneven in thickness, are certain to re ceive uniform pressure, FOURTH. The patent fastening by which the machine is tightened to the tub, we believe to be superior in sim plicity and efficiency to any yet offered. F 1 vH It will lit any tub, round or square, from one half to one-end-s-quarter inches; In thickness, without the leant alteration. RETAIL PRICE No. L $6.00 No. 2, $6.00 ha Agents wanted in every county. - A 4" Reliable and energetic men will be liberally dealt pith: For Sale at the I 4 WOODENWARE ESTABLISHMENT" A. H. FRANCISCUS, No. 433 MARKET SL and No. 5 North FIFTH St.. deg Wholesale agent for Pennsylvania. WILLIAM YARNALL, DEALER IN. HOUSE•FURNISHING GOODS No. 1020 CHESTNUT STREET, Agent for the sale of HALEY, MORSE, Sc BOYDEN'S PATMIT SELF-ADJUSTING CLOTHES-WRINGER, Believed to be the best CLOTHES-'WRINGER in use. It will wring the largest Bed Quilt or smallest Hand kerchief drier than can possibly be done by hand, in very much less time. N. B.—A liberal discount will be made to dealers. no3-Sm SEWING MACHINES. WHEELER & WILSON SEWING MACHINES, 628 CHESTNUT STREET, de-?5.•3m TriE WILCOX 4Sz GIBBS FAMILY SEWING MACHINES`. baye been greatirimproved, making It _ ENTIRELY NOISELESS, and with Self-adjusting" Hemmers, are now ready for sale bygialtßANKS & EWING, ae27-tf • 7116 CHESTNET Street. (Efe 314,;rt55. SATURDAY, JANUARY 10, 1803 Jefferson Davis on • the Situation —He Thinks our Soldiers Improving—Looks to the Northwest for Peace.. We have received Richmond papere of last.tueit• day, from which we 'mike the following extracte: ADDRESS BY PRESIDENT DAVIS IN MIS- Piesident Davis addressed the Mississippi Legis lature, at Jackson, on the 26th ult. • The galleries were filled with ladies, and when the President kir: peered the whole hall rangwith applause.. The ad-. dress was quite a lengthy one. We give the chief points: The President spoke of his love for the old Union. He alluded to it, however, as a matter of regret, that the best affections of his heart should have been bestowed upon an object so unworthy—that he should have loved so long a Government which was rotten to its very core. He had predicted from the beginning a fierce war, though it had assumed more gigantic proportions than he had calculated upon. He had predicted war, not becauiC our right to secede was not an undoubt ed one, and clearly defined in the spirit of that decla ration which rests the right to govern upon the con sent of the governed, but the wickedness of the North would entail war upon the country. The present war, waged against the rights of a free people, was Unjust, and the fault of the e'Til pas- Mons of the North. In the progress of the war 'those evil passions have been brought out and developed ; and so far from reuniting with such a people—a peo- Ple - whorie'arieestors Cromwell had gathered • froni' .the:bogs and fen's of Ireland and •Settland people whose intolerance produced. discord- and trouble wherever they went—who persecuted Catholics, Episcopalians, and every. other:sect that did not subscribe to their bigoted and contracted notions— who hung witches,. and did a thousand 'other, things calculated to make them forever infamous. he Pre sident was emphatic in his declaration that under no circumstances would he consent to reunion. lie drew R glowing picture of the horrors of war, and the ravages of the enemy ; and while his tears flowed for those who sufferd, yet all these would be endured cheerfully before our manhood and our liberties would be surrendered. _ THE WAR UPON NORTHERN SOIL. He alluded briefly to hts desire to transfer the war upon Northern soil, but ths failure to do thisproceeded not front a want of inclination, but ofpower. We were not an old established nation, with armies and navies at our command. These had to be improvised from the scanty materials to be found within the limits of our own Confederacy. We were blockaded and cut off from other nations, and everybody knows that we had been an agricultural people, and that our facilities for manufacturing materials of war were extremely limited. Notwithstanding this . fact, pa tent to the most casual observer, we have now an army larger than ever before—our arms and muni tions of war were increased in number and improved in quality, and we are in a better condition to-day than we were twelve months ago. CONSCRIPTION AND. EXEMPTION LAWS. He alluded to. the conscription and exemption laws of Congress, explaining the necessity of, the one and the intention of the other. Was sorry to perceive that there had been a false construction put upon the first of these laws. There was no dishonor in being conscripted. The Government had as much right to make laws requiring the services of its citi zens in the army as to compel them to work public roads or pay taxes. The object of that portion of the exemption law which exempted .the ()timer, agent, or overseer of twenty negroes, was not in tended to draw any, distinction whatever between classes. No benefit was intended to the rich from it. It was simply to provide a police force, which Ooni gress thought necessary, and to facilitate the agr6 cultural productions of the country. to supply tse'; wants of both the poor people and the army. Any law intended to bear unfairly on the poor, even to a feather's weight, would never have re ceived his signature. "The poor have fought .our battles," says the President, and so have the rich." The poor, in all revolutions, are the main stay and props of the country. But, while the poor have' nobly done their duty, we have no cause to complain of the rich. All have done well, and many of the wealthiest and most distinguished families in the South have sons in the ranks. He instanced the lion. Israel Welsh and others, who had fought as privates in the bloodiest engagements of the war. He thought there might be, very properly, ttrevision of the exemption law, and ti listed there would be no conflict between the Confederate and State laws upon the subject of the military. That there should be no war with States, and if any State'chose to in flict a blow upon the common cause. by enacting conflicting military laws, we hoped that Mississippi would be the last to adopt such a suicidal policy. INDIGENT FAMILIES—RESERVED CORPS. The President expressed his gratification et the message of Governor Pettue, and cordially endorsed his views in reference to making provisioni for in digent families, and the enrolment of conscripts who could be ready, upon an emergency, to go forth -and occupy the trenches while the.disciplined troops and active soldiery could-take the field. The calls for such service could be for thirty, sixty, or ninety days, and when the emergency had passed they could return to their pursuits. Raw soldiers; the President contended, could do efficient service in the trenches, and the adoption of such a policy would strengthen our means of defence quite ma terially. In his allusion to the vast numbers of the North, the President said that upon any fair field we were Willing to fight them, two to one; we have often' whipped them three to one—itt Antietam we whipped them four to one.; but this might not be the ease al ways. As the ,enerny progressed-in discipline they - approaChed - nearer to our own troops in efficiency. Hence the necessity of providing something like a corresponding , force to that which the-enemy are bringing against us. - The President denounced in terms of scathing but ,dignified rebuke the habit of straggling . from the army.. Re invoked public opinion to frown it down, - and called upon the women to drive the stragglers back to duty. • • FILL TIP THE RANKS. He urged the necessity of filling up the thinned ranks of our regiments Those veterans who had gone through many hard-fought 'battles looked for their kindred at home to supply the places xvhicla' had been made vacant by the death of their com rades. A brigade;which mustered only. 1,200 men would have to bleed as - much as if it had its full quota of 4,000. Their ranks must be filled; humanity demanded it. It was a time for patriots to throw off the shackles of private interest, fly to the rescue of those heroes whom the ravages of war had yet spared, and consecrate themselves to the most 'sacred cause on earth. The President remarked that when he arrived here he thought the enemy were pouring down upon us from the northern borders of our State; but when he went to Grenada he there learned that nothing could be seen of them but their backs. . They were going back; perhaps with the, intention of reinforcing the heavy column that was now being thrown down the Mississippi river. The real points of attack were at Vicksburg and Port Hudson; and to all who desired to lend a helping hand to the country in her present exigency, he would say, "Go to- Port. Hudson and Vicksburg, without delay Pt NECESSITY OF HARMONY—PERMANENT MILITARY STATES. He spoke of,the salutary effects of harmOnious ae tion between the several. States and the Government at Richmond, and urged upon legislators, both State and Confederate, the necessity of establishing a per manent military system ; for even after the present war was ended we might expect trouble froth our enemies, unless - our military establishment WAS of. such a character as to give them a. wholesome fear of precipitating a war upon us. The true theory was to adopt a .military system' which would be perms.- nent and oPerative in times of peace. - The issue involved in this war was no ordinary one. `The question is will you be free, or will you be the slaves'of theNnost depraved and intolerant, and tyran nical,.and hated peopleupon earth I This was the real question to be decided. Everything else.was as dust in the balimee. A people who bad demonstrated their utter incapacity for self-government i who have: de. : stroyed their own liberties in the vain effort to de= prive us of ours, seek to be. our masters, and inflict upon us such galling chains as have no parallel in the annals of tyranny. MississipPi is the object of their peculiar hatred ; uptni 'her is to be - visited their re lined vengeanee. But our cause is just, and venge ance belongs to the Lord. .We will resist.the power of the enemy. Discard all other considerations but the public defence, and victory will again be ours. ASPERSIONS OF THE ADMINISTRATION... The President alluded very briefly to the false hoods which had been circulated relative to the Ad ministration, which he could not disprove, because that disproval would give the enemy a knowledge of things which the good of the cause required should be concealed from him: That'lie had committed some errors :he did not doubt, though they were never the result of improper motives. -Fora vindi cation of himself from the aspersions of some of his •fellow-citizens; he - confidently awaited the time when the cause would not suffer from such vindica tion. Be, however, explained the great necessity of public confidence in the officers of the Government,' and pointed to that great and good Mat, Gen. Albert. Sidney Johnson, as a shining example of the ill ef fects of withholding that deserved eonfldence which the public welfare requires. • -' Though the war had somewhat exceeded his-ex peetations, yet Ise never doubted Mu 'final' suedes; and he considered it now as atmolutely certain. The duration of the war, was a question of. time. 'He thought, however, it was not possible for a 'war waged upon such a tremendous scale to be long pro tracted. Ile it long or , short, however, we could not be the first to cry, " hold, enough." To the question of reeogniticin and intervention, the President devoted only a few words.. We had a right to expect recognition long since, but it had not come, and his advice was, "put not your faith in princes, nor rest your hopes on foreign nations." It seemed that England still refused to take any steps toward either recognition or mediation - . France had made a move that looked friendly to, us, and when she extended the hand of friendship we would be ready to grasp it; ' NO RETROGRADATION. The President took a brief retrospective view of the movements of our armies since the fall of New orleans—an event as unexpected to him as it was to us—ancl showed that- we had not retrograded, but had gathered largely in strength. - Armies are not made up in numbers only. We have now an army that we can safely rely on. We have- stripped gun boats of their terrors. 'We have improved in all those things which go to make us invincible. Our prospects are much better than they were twelve months ago. TWO OBJECTS OF THE-ENEI\IY. There are two grand objects of the enemy—lst, to get possession of the' river, and thus cut our. Conte-. deracy in two ; and 2d, to seize the Confederate capi tal, and hold it'up to foreign nations as an evidence that the Confederacy does not exist. The President dwelt at some length upon the vast importance of thwarting the enemy's designs upon this valley. He considered its defence a -ne cessity, not only to the people here, but to the Qin federacy itself. Vicksburg and Port Hudson were points that must be defended, and every - effort must be strained for this purpose. Vicksburg, he said,.would stand, and Port Hudson would stand, if the .people were true to themselves. This clone, the Northwest would grow restive, and cease to support, a war ruinous to - them, and beOeficial only to New England contrac tors. From the Northwest he looked for the first gleams of peace. , The President expressed his gratification that Gen. Pemberton ? whom he had sent here, believing him eminently stuted to tlils command, had sustained, in a signal manner, the high character he had given him. He also spoke of Brig. Gen. Lee, to whom he bad entrusted the defences of Vicksburg, in terms of hearty commendation. THE TRANS-MISSISSIPPI DEPARTMENT. On the other side of the river our prospects are brighter than ever before, and ere long he hoped that we would be enabled to proclaim Missouri free. Kentucky, too, was an object of solicitude to him, and he spoke of her gallant,, people in the kindest and most commendable teems. OUIt CAUSE IN THE ASCENDANT. PHILADELPHIA. -. The President Said particular sties itOeri the en 6ttragirtg,fact that we ha4 - iniproved in every re _ . STATES IN REBELLION. SISSIPPI THE REAL DANGER THE QUESTION AT ,:ISSUE: DURATION OP THE WAR RECOGNITION—FOREIGN IsTA.TIQNS PHILADELPHIA, SATURDAY, JANUARY 10, 1863. spcct since the war begun. Our armies were supe rior in number, and improved in quality and appoint ments.. Our manufactories had made rapid progress. Mississippi alone had clothed and subsisted the whole army upon her soil. Our people hailldarned to economize. ' They wore homeltun. He felt like taking off his hat to a woman dressed in homespun. He had an unfaltering belief in the justice of our cause, and a profound reverence for the debrees of Heaven. Ile noticed with evident satisfaction the superior morality of our army to that of the inva ders. In God and the valor of our troops he trusted. At the conclusion of his remarks. Gen. Joseph E. Johnston was VociferouSly called for. The scab worn hero looked a little nervous, while the house rangi with loud, swelling, and prolonged applause. He arose and said : "FELLOW-CITIZENS: My only regret 113 that I have done so little to merit such a greeting. I pro mise you, however, that hereafter I shall he ivatch. 7 fkil, energetic, and indefatigable in your defence." This sneech was greeted with tremendous, uproari ous, and prolonged plaudits. .SERENADE II RICHMOND—SPEECH OF JEFF DAVIS. Last night the armory band, at the instance of' a number of citizens, serenaded the President at the Presidential mansion. ' About 200 persons were ga thered by the music. After the performance of several airs, the President appeared in the doorway, and was Introduced to the crowd, inadvertently, of course, as the "President of the United States." The throng hissed; and the gentleman introducing the President corrected his phraseology, by substi tuting the "Confederate States." Mr. Davis commenced by thanking his audience for the evidence of the regard. He was happy to • meet them on his return to the capital of the (Jon federate States—to the seat of a Government estab lished, he believed; to perpetuate the principles that animated ourlathers of the first revolution. • The Commonwealth of Virginia, too, has been the theatre now, as then, of 'the great battles of the con teat. The blood of every State has been poured out on the soil of Virginia, and cries from the .ground for revenge. Our long suffering and privations have been comma mon heritage to 'us all, and ' will be in' the future our common glory. Thus banded, •we assist:and strengthen each other. The war, too, has developed, resources in'' the South that qieace would have left, dor mane, and if the war continues we willgo on in-• Creasing in bur power and might. Mark our power one year ago, and mark now our relative increase in propertion to the North. • We are fightine against hfrelinge of all the earth. ' Our foes come ae savages to murderovb, And dese crate, and we must treat them as such. Recently, our cause has had the brighteet•sunehine to fall upon it. In the last month the gallant Lee has hurled the enemy for the third time from hie feet in hie march upon Richnibnd. A fens of them 'came on to your capital, hut they came, as we hope many more will come upon the heel of every battle, ascap tives, not conquerors. lathe West, a brilliant victory has crowned our arms at _Murfreesboro, a victory that will yield Its important fruits. Mr. Davis spoke for about fifteen minutes in his usual vigorous and forcible style, and paid an honor able tribute to the women of Virginia and their he roic devotion and care of the sick and wounded martyrs of our cause. In concluding, Mr. Davis said that, borne down by the cares of office and an anxiety for the cause in which every man, woman, and child was engaged, he regretted that, he had not more op portunity for social intercourse with the people by, whom he was surrounded; but he hoped that, in the halcyon days of peace to come, they would see and know more of each other. In conclusion, Mr. Davis said: "I thank you, my friendsi may God bless you,"and prosper our cause. Good night."—Examiner. ' THE SITUATION We have to perform an unwelcome task this morning, and to chill the glow of triumph which the intelligence hitherto received from Murfreesboro has imparted to every patriotic heart. A reverse the causes and extent unknown, has been sufferedi by the army under General Bragg. The statements Of its victorious career during the two days of the .engagement, already recounted, are not con . tradicted. But since then the force and position of the parties have been entirely changed. On the first day Bragg drove the enemy front all parts of the „field except one, and took 4,000 prisoners, whom we 'still - have. On the second day he carried the re maining positiOn. But the enemy were not routed, and did not retire far. Rosecrans assembled all his • reinforcements' and reserves, and with their help ;has taken Murfreesboro, and.forced Bragg to retreat. Whether the latter general fought a third battle be-. fore falling back, is not yet clearly ascertained. It' is, however, most lamentably certain that the enemy has. carried his point and retains all the advantages except the loss of prisoners and arms resulting from • the battle of Mut freesboro ; and now he can succor Grant, clear out the cavalry, and perhaps resume operations on the• Mississippi. It must be confessed that a good deal of fortitude is required to support so painful a disappointment with equanimity. Certainly after such ()Metal state ments as those Gen. Bragg has made on the last day of the past year, and the beginning of-the present, this sequel could not be rationally anticipated. It is true that we may not have yet heard the end of IL._ Behind Gen.- Bragg is Gen. Johnston. .Although he cannot. hope to concentrate our troops from dis tant points with the same ease and rapidity as the . enemy; who have the rivers at their command, yet he may have reinforcements; too, still to appear on the scene. Perhaps, then, the tale is not told; and perhaps there may be another act in the drama of Illtalreeshorn . on which the, curtain has'not risen. So fo, the news has come in what may be called the classical style of the Southwest. When the Southwestern army fights a battle, we first hear that it has gained one of the most stupendoui vic tories on record; that regiments from Mississippi, Texas, Louisiana, Arkansas, &.c., have exhibited an • irresistible andauperhumarivalor, unknown in his tory this side of Sparta and Rome. As for the generals, they usually get their clothes shot off, and stplace them with a suit of glory. The enemy is, 61 course, simply annihilated. Next' day more de spatches come, still very good, but not quite so good as , the first. The telegrams of the third day are in#ariably such as to make a muddle and a • fog t-' r .4h6-whole affair. . . . . . But we arc still assured that our troops are VW torious, and only after several days moredoes the" unpleasant" truthleak out' that they are not quite victorious, but have, in fact, - lost' a - little ground, after gaining some very brilliant successes. So far as we know anything about the battle of Murfrees boro it isThe parallel and repetition of Shiloh. Even the number of prisoners is given in the same ciphers. But we have not yet ceased to hope for something to break the melancholy monotony; and therefore dismiss•this unpleasant theme for the . pre-r sent with as little reluctance as the reader may una gine.—Examiner. • GEN. ECHOLS DISABLED.. Gen. John Echols, who lately commanded the De r pnrtment of Southwestern Virginia, was thrown, from his horse a few days since, near his residence in :Monroe county, and had his left arm broken near the same place it was shattered by a bullet in the first battle of :Manassas. The General was at home on fur lough, for the purpose of recruiting his health. • The Anderson Troop. To the Editor of The Press: • • Stu : Having been present at a meeting of the friends of the Anderson Troop, on Thursday even ing, at which considerable indignation was expressed at the course of the press in relation to the con duct of a portion of that regiment at Nashville, I • feel moved to present to you, yery briefly, the views, and feelings of at least one father, and, I have good reason to believe, notwithstanding the strong .cur 7 rent of feeling that controlled that meeting, that these views and feelings are shared by not a few others standing in the same relation to the parties referred to. I have a eon—an only surviving son— (if he be alive,) in that troop. . I have- had no tidings from him since December 25th, yet, after hearing what was sa id at the meeting, and much to the same purpose before, I would rather hear of his having lost his right arm in battle than of his being engaged in that revolt. I fully endorse the article in Friday's Press. What grievance has this troop, in any way to be compared to that of those who, Unable to get their pay, have wives and chil dren at home, suffering for lack of the no. cesaaries of life? One gentleman confeosed -to the meeting just referred to, that when he first heard of his son's being one of the recusants he ,was so sorry "he could have cried." In that feel ing we may see the verdict of impartial, disinterested men. Do gentlemen see whither these proceedings. -fend? A regiment revolts, and refuses to obey or ders, in front of the enemy; a meeting of honor• . able, influential citizens appoints a committee, to in quire into grievances of three months' standing, to justify the revolt. Is this patriotic? Is it even difi creetl Is this an example to hold up before. the 'army? If I shall hear that my son`was among the 'recusants I will listen patientlY to every extenuating circumstance, for his sake, but attempt to justify -him before his country—never ! • • I am, respectfully, your obedient servant, • J. P. S. The Anderson Troop. To the. Editor of The Press: Slit : Since reading the communications In your• columns yesterday, • I have met a member of the "Anderson Cavalry" belonging to Co. L. This person received his discharge from the service in order to accept 'a ' commission Waiting for, him at home. He was in the skirmish of the 25th, and SATs, notwithstanding the statement of "Alderman Thomas, of Germantown," that that 'affair was not conducted by an officer of the 160th, but by a major from some other cavalry regiment: He says that the train,consisted of 100 wagons, with four men, armed' with carbines, to each wagon, besides a squadron of mounted men. As soon as the officer was apprised of the proximity of the rebels, the carbineers were concentrated and repelled the attack in every mili tary as well as successful manner. So - much for that. As to the arms of the Anderson Cavalry being poor, that is all bosh; for the carbines were Sharp's best, and the sabres like those of the regular "dra goons;" the pistols were for the most part inferior, but not so very bad as to cause a mutiny. Then,- the complaint that they expected to be one battalion - is rather a fanciful idea, for there were mutineers' from all the companies of the regiment except Company L. who,• by the exertions of Sergeants Herring and Middleton, of that company, went on and into the, fight with their full 'comple ment. My informant tells me that attempts were made to swerve the members of Co. L from their duty. - They were hooted and shouted at if they en tered any company avenue but their own, and quar rels were commenced, but without avail. My in formant says that seven regiments of cavalry passed their camp. on their way to the front of the army, and that the mutineers were roaming about Nash ville without any restraint, all the commissioned having gone forward with the majors ; that they took squads and platoons from•all•the compa nies in the regiment. The regimentwas not "briga ded," though put under the command of Gen. Stanley, for what disposition could General Rosecrans make of so large an "escort" on the battle-fleld 1 He had 'his hands full with details of grand divisions, and could not attend to the discontents of some "gentle men," who, I think, will find that they have lost their caste very materially since they entered the : army as privates. My friend was stopped at Louisville, and detained for twelve hours, but was permitted to come home on the facts of his case being ascertained though all the mutineers and deserters are to be pent to Nashville in irons. ' I am respectfully and truly yours, F. H. R The Order of Gen. Grant.. To the Editor of The Press: • Sin: The action of a majority ,of the House of Representatives on Mr. Pendleton's resolutions, cen , surin General Grant's persecution of the unfortu nate Israelites in his power, may well awaken fears Ifor religious freedom. If those modern &Ilona are fair representatives of the opinions of their consti tuent, we are forced to believe the dispiriting truth, that a large majority of the Americans of •this day are recreant to the principles of the Fathers of the Republic. ' Whether this be so or not, it is important that the friends of freedom should know who those men are, that in their fa.naticism are preparing the "poisoned I chalice" that, in God's justice, will yet be held up to their own lips. In order that. they may know where to seek their brethren, will you be kind I enough to oblige them, and serve the right, by pub lishing.the names of all who voted, either for or against, the tabling of the resolutions referred tog Very respectfully, yours, ' S. A. S. Philadelphia, Jan. 9th, 1963. STATE TREASURER'S REPORT. To Me Senate and House of Representatives of the Corn . =wealth of Penns-Amnia: GERTI,RMEN : In compliance with the act of 16th Of March, 18.32, I herewith submit my report of the operations of this Department for the fiscal year ending November 30th, 1862. In my last annual report I alluded to the increased duties and disbursements of this Department caused by the Southern rebellion against the General Go vernment, which at that time had existed for the. preceding nine • months. Notwithstanding this re bellion has continued to the present time, and grown even niore gigantic In its features and opera tions, I am happy to say that our State has stood up most nobly.under the drain which has thus been made upon her resources, as is manifested by the excellent condition of our finances which I am en abled to report.: Balance in Treasury Nov. 30, 1861 ' 51,551,60.17'2 Receipts in , tho Treasil7; during the year as follows Ordinary or general rec01fita:.e.4,047,822 .39 • Minim). halm act Nay 15th, ISM ...... 387,510 00 . hrom•bNiriis for paYMent of in terest an public debt as the equi valent of coin 140,76 S 30 Refund. d • cosh, military 2.9,566 42 United States Government .•••• 603,740 61 • Total .in Treasury for fiscal. year "$6,763,3ri3 35 Payments durlfik fiscal year ending November.Soth,lB62, ns follows: 01 dinary expenses $3,0.°:3•110 06 '• -Premium paid interest as an rimicalent for coin 146,631 T 2 blilitary expenses ' 482,751 14 - Commissioners—. of Sinking 427,,%1 51 Domestic creditors 105 :12 Temporary loan redeemed. . 100,0 X 00 .11Diged Statesgoventment di rect tax r 350,000 00 . • 4 • 0•25 BilOte, in TieiglnT!`f 9y. 30th, 1562, A detailed •aceount , of, receipts and expenditures will be found in the report of the Auditor General. careful analysis of 'the ordinary or general re ceiptlf, together With - the expenditures of the last year, as compared with the ordinary receipts and expenditures of thetrear 1861, will show the follow ing eratifyingreault: Ord inn ry receipt* f0r1832 $1,017,822 39 Ordinary receipts for 1861 3,017,615 57 Excess recoil - Ai 1,00,176 82 Ortlintry payments: fdr 1862, exclusive of In tereil on pnblic debt • 1,023,315 77 Ordinary payment* for 1861, exclusive of in- • terest on public debt' ' 1,118,663 93 Decreased expe diturea 054317 16 It will thui be peen that while the ordinary re ceipts tit last yearwere one million thirty thousand .:one hundred and seventy-six dollars and eighty-two cents ($1,030,176.82) .excess of the year 1861, the ordinary expenditures were ninety-five thousand Three hundred and seventeen dollars and sixteen cents ($95,317.16) less. • It affords me anuth pleasure to state that a large portion (about $126,000) of this increased revenue for the last year isilue to the untiring energy of the honorable Attorney General of the State, through whose department, this amount has been collected from claims which have been due to the State for a number of years. The total amount of public debt, including tempo' ary war loan, iiov. SO, Mlovas• • • 340,559,666 03 Amount received ,"of,wai-loan act, May. 15, 1861 387,610 00 Amount paid daring fiscal year Total amount of put:lic debt, Nov, 30, 1862. • 840.448,213 82 The Commonwealth holds bonds received from sales of-the public works amounting to ten million seven hundred' and eighty-one thousand dollars, ($10,781,000,) as follows: • Penunvlvitui s Itsilroad Company's bonds $7,001000 Philadelphia and Erie. Iliiilfead Company's boadsB,soo,ooo . _ Wyoming Canal Company , •bonds :nt,ouo -4 . , . ~ ..ee ...- $10,781,000 The sveedy completion . .of the. Philadelphia and Erie Railroad being secured by the permanent lease of the same to the Pennsylvania Railroad e-ifi Company, tgbove decurlties,of that 'road may now be relied upon at maturity for their full amount with interest towards the liquidation of the public debt. I understand that,the 'Wyoming Canal Company are about to make a proposition to the Legislature which will also secure the amount of her bonds to the State beyond. a :doubt. The whole 'amount, therefore, (W 0,181,0000 of the above securities may be 'relied upon! for, the liquidation of the public debt, Which amount would reduce the same to about $29,000,000. -- . By nn act of Congress approved. August 5, 1861., a direct tax of twenty millions of dollars was levied by the General-.*vernment against all the States of the Union. The quota of Pennsylvania under that act was $1.946,719.33. Up to the 81.4 of July last we had presented ac counts against the General Government amounting to $2,037,334.42. On these accounts they had paid 'us $606,000, 1erivin4 1 1,431,334.42 due and unsettled. ' Under the act-of I. ebruary 10th, 1862, I paid to the . General Governtnent, in June - last, $350,000; with this arnount,:together with. the above unsettled ric clunts. and.2.,T,17.90 allowance for, prompt pay nrent, we paid the Orel tax of our StaCe, leaving 4126,62299 due tis. subject 'tb - the'SettlernOirt and ad judication of thC• above accounts; The balance of our accounts against the General Government for war eipenditure. - ftorectlunci last to the present time, have not yet been,pmented, but are now being made,out for rhattotirpose. The direct tax of $4946,719.33, against our' State 1 has thus been prtid;.arid wevvill have in the treasury. on the first proxinio,.after paying the State interest, over one and a quarter million of dollars, and there is also due us from the General . Govcrnment about tw !o tnuidradia ' '' thocitzencldellture for unsettled stlay l'ifeeduritS. - 'lllfe 81:-Talialtee izr_the treasury du ring the past.'yea , has been larger tlitin would have been required in' ordinary times, or for ordinary Purposeigta in view of the, existing state of things, with an- armed force of a hundred thousand rebels .hovering nround- our borders and at times penetra ting even into our State, it was deemed advisable to retain in the treasury an amount sufficient to pro :. ride 'for any contingency which might arise under 'ithe circumstances. Since that time the enemy have :been driven from the -adjoining State. of Maryland, but arc yet in Virginia In very 'large force, and when s IVC consider the energy and daring which has hitherto characterized, their movements, it is a matter of -:Berioni..question whether our State is yet free from the dangers of invasion and the perils of wy pn our own soil. A large portion. of this balance in the treasury can be applied to the liquidation of the public debt, if in your judgment it will not be required for the de fences of the State, or for ojher purposes connected with the present unholy war against the General Government. . By the report of the Commissioner's of the Sink ing Fund, made to the Governor on the Ist. of Sep tember last, it will be seen that $262,801.67 of the public debt was paid durifig the year ending at that time; and since that report was made an additional amonnt:of $158,510.26 has been liquidated i also, $lOOOOO of temporary loan ol"April 12, 1861, making together $521,311.93 paid since the 2d of September, 1861. • Under the act of March 7, 1861, "to change the name of the Sunbury and Erie Railroad Company; , and - to.. facilitate the completion of a railroad from Sunbury to Erie," I .delivered 'on the warrants of the GoVerner to that company, on the 12th of Febru nary last, one million of the bonds specified in that !, act, and on the 20th of November another million .of said: bonds they having complied with all the . prOvisiOns of the act which entitled them to receive the'same, 'and it is certainly a cause of congratula tion to the State that that the work on this most important public improvement is progressing so energetically that the present year. will probably witness its entire completion, and we shall b&Jin to realize the importance of this work to our trade and . commerce. There is one' subject to which I ask your imme diate and earnest attention, viz : the payment •of interest on the State's indebtedness due on the Ist proximo:' I3y the act of June 12th, 1840, it is my duty as financial officer of the State to pay that in terett in " coin or its equivalent ;", and by the act ,of 11,' 1862, it is also my duty to assess and ' - eolleat the cost of this mode of payment pro rata from the banks of the Commonwealth which may be in a state.of suspension, and have availed them selves of the benefit of the aforesaid act. When this last act was passed, the rate or difibrence between specie and the bank currency of our State was but about 2!4 per cent. ; from that time to the present thereluts been kgradual increase of this rate until • now,it is about 30 per cent. I cannot. for a moment suppiish that the Legislature, in imposing this pe • nalty on. the banks, ever anticipated the existing state of things in.reference to the currency of our country, or they would not have imposed such an enormous and unjust tax upon them—rts.it would be 'to .require them to' pay this large 'difference on the • pa ment of the State interest. ' ' ' .13 Vhen,itlui.last, semi-annual interest was , paid in August the rate for specie was about 12K per cent., `and when I-called upon the banks to meet this large e*liense in addition to what they paid in February (which together was 'about $146,000), I could not by:t feel, as they did, that it was an onerous and un- ' .jusetax in view of the already heavy taxes which -'-they paid into the treasury of the Commonwealth, and, as they have paid this tax into the treasury in ailditiap to their previous heavy taxes, I feel it to be uiynuts to recommend to the Legislature a re ' duction'on their taxes for the coming year to relieve them in part for the heavy expenses they thus hi curred.nraustaining the credit of the State by the payment of its interest in ".,coin or its equiva lents," If the banks were 'in a state of sus pension' froth' bail management, or from any causes'• within their own control, I should net feel authorized to recommend- them to be re- Ileved front Any. just penalty for their suspension.. But when it is caused by. great national troubles be iond,their control, and from which they are suffer iug, In common with all other interests, I cannot tint think it very unjust to impose upon them alone tit fax, to maintain the credit of the State, when lifveryiather business interest, as well as every citi zen, is equally interested in maintaining the high - credit 'of our Commonwealth. When I reflect upon `,the' invaluable ;assistance which has been ren dered to our State and the General Government by the banks of our Commonwealth, from the coin • inencement of our national troubles, I cannot but feel that they have a special claim upon your most favorable consideration and action. I feel free to express the opinion that but for the assistance ren • tiered to the -states and General Government by the banking, interest of our country, we should have beeakieompelled to apply to foreign Governments or Tieign capitalists,for means to sustain the Go vern ent in its effbits', to put down this unholy rebellion; and to convince you that the banks of • Pennsylvania have done their share in this noble work of keeping us indePendent of foreign capital ists, I. need but state the fact that they have taken of out State and Government securities over forty one millions of •dollars. Is it not manifestly unjust, then, and not only unjust, hut impolitic also, to sin gle mit this one interest of our State front all others, -andinipose upon it alone all the taxes necessary to sustain the credit of our Conunonwealth in the pay ment. of her interest? I cannot but think it is. Tin der time inipression,,then, that Your honOrable body will not, for a moment, hesitate to relieve the banks fromthe very heavy tax which the present high rate of specie would impose upon them under the act of 1E62,'1 would respectfully ask your immediate action on tbe subject ; so that 1 may be governed by such action in the pay went of the interest. on the Ist proximo. A very small portion of the Interest (about $33,000) was due on the let instant, in the payment of which I have been governed-by the act of -tune, 1840, by paying it in specie or its equiva lent. The question now arises for your aonsidera tion,'-as to the duty and policy of the State in the payment of her interest hereafter, whether it shall be paid in the paper currency of the country or in specie. 1 will most respectfully.submit my views on the subject, and then leave it for the action of your honorable body. -- The question generally asked in discussing this subject 1s : Can the State afford to pay this large difleience between'eurrency and specie in the pay ment of her intefestl Ought not the question rather to be, can she afford not to do itl Will not the credit of the State suffer materially if she refuses to do it Is her credit of no value to her and her citizens? Is the State so strong and poiverful, so above any liability of future want, that she can exercise ter power IrrespectiVe of any effect her action may have upon her-credit? We must bear in millet that - lye have established the policy by the act of 1840, and. have twice paid our interest in specie or its equiva lent ; in February last when it was 23 per cent. pre mium, and in Auguid when HMIS 12g. Viredid this be efl U Se we thought it waseithfrjust or politic, or because we thought it both just and politic, and having thus de 'dared to the world our policy, and that we thought this was the right way for the State to act towarda berereditors, and bare been publioly and privately , - commended for it both at home and abroad, shall we not, if we now change that policy, admit one of two things : either first, that the State is• no longer willing to do that which she has declared, by her own voluntary action, to be just and righl, or second, that she is no longer able to do it? In either case, will we not weaken public confidence, both at home and abroad, in the good faith and character of our State in financial mattersl On the other hand, if we continue firm in the policy of meeting our inte rest in specie or its equivalent, can we not bring back the credit of our State to its original high stand ing, when it was equal, if not superior, to any State in the Union? Up to 1835, this was the noble posi tion of Pennsylvania. In that year, Governor Wolf alluded to the fact that the State had received, in cash $23,776,656 68 For which she bye her obligations at • • - the low rate of 5 per cent. for 22,420,003 32 gaining in cash by her credit alone, $1,356,653.36. Does not this prove that the credit of a State is worth something to her in dollars as well as in the moral position it gives her before the world? Since.lB36, the credit of the State has fallen very much, as I think,-by its own action at different periods : lat. In the repeal, by . the act of February, 1836;of the State tax on real and personal property, and sub- • stitution 'of the bonds of the Bank of the United States as a source for the payment of interest. • 2d. By the payment of her interest in '47 and '4B , in relief notes. • ad. The failure•of the State in '42 (when the bank had failed), and for some time thereafter, , to par. her interest otherwise than by the issue of new stock. 6,211,747 al . . 9th. By the impost or tax laid by the State on its oivn loans by the act of April is, 1815. 6th. In defaulting in the payment of twenty-two different loans at maturity, there being now that number of loans overdue, amounting to more than half her whole debt. In my opinion these causes have conspired to in jure the credit of our noble Commonwealth, when we have within us all-the elements which should give us the highest credit of any State in the Union. Deeply impressed with the importance of bringing back the credit of our State to the, high and proud position it once held, I , would respectfully suggest; two modes of action' by - which it can 'be ,accom plished : Ist. By i a continuance of the policy of pay ing our interest n specie, or its equivalent -2d. By funding all the overdue loans, and issuing, new certificates for the same, payable in twenty or thirty years, at five per cent., free of the tax as le vied by the act of April 16, 1845. It may: be said that in the present condition of our coun try, it is no time for the State to consultits credit by any action which will add to our expenses. I cannot but think that this is the period for such. action On the part of the COmmonWealth. The treasury has . not been in. a better condition for many yeara, and the receipts of the last year prove the ability of our citizens to meet any just and proper expenses neces sary to maintain the good faith and credit of the Commonwealth ; and 1 venture the'opinion that, if a census could be taken to-clay of the 'wealth of Pennsylvania, it would be found that, notwithstand ing the war of the last 20 months, she has largely ad vanced in wealth and the development of her resour ces; and if, (as it is to be hoped), before the next semi annual interest is due,•our army shall meet with those successes which we have a right to expect,' and which shall restore confidence and reassure the public mind in the success of our arms and the sup pression of this'rcbellion, and thus again equalize the value of specie and paper currency, what Penn sylvanian will not feel &just pride over the reflection that Amid all 'our trials and difficulties; our good old Commonwealth stood firm and erect in its in tegrity and honor 1 What citizen wilt not cheer fully pay his small share of the expense necessary thus to maintain the good faith and credit of his State?,' If, however, your honorable body shall decide against this policy, and determine to ' pay the interest in the paper currency of the country,- let me urge, with all earnestness, that the State will at least do that justice to her creditors. which I cannot but feel has been too long delayed. I allude to the repeal Of the tax on her own loans, to 'which I adverted in my last annual report. Certainly the State will not think of paying her creditors the interest due them in a ' currency largely depreciated in value, and at the same time refuse to pay them in full the small rate of interest which she agreed to pay them at the time. she borrowed,their money. HI did not feel that the State was doing herself, as well as her creditors, great "injustice in this matter, I would 'not again allude to the subject; but when rtruly.and sincerely believe that the State is injuving her fair reputation • as well as her credit, by allowing this law to remain on her statute books, in its present form, you must excuse me for again calling your attention to it. I know there are those who defend this law, on the .ground of the right of taxation which belongs to the State, and 1 have been asked think the State has not the right to tax her own loam' , The State has an' undoubted right to tax the incomes of her citizens, but I certainly cannot think that she has the right; even if she has the power, of breaking her contracts, as I think she has, in this initance, and shield herself under the right of taxa . tion. How does the case stand! The State adver tises at various periods that she wishes to borrow money for a term of years, and, as an inducement to capitalists, promises to pay them five per cent in terest for the same, the principal to be, returned at, specified periods. The contract is Made, and her" obligations given, bearing uporetheir face these terms of the contract. For a period of years she faithfully performs her contract so far as the interest is concerned; but when the principal becomes due and reimbursable, she defaults in the payment, and her creditors are obliged to hold her matured and unpaid obligations, they being powerless to enforce the pay ment of the same. In addition to this, under the , _power she claims to have by virtue of her right of taxation, she subsequently directs her Treasurer and financial agent to withhold from her creditors a portion even of: the interest she had agreed and contracted to pay. them when she took their money; can it be said that this is right? Is it just? .Would the same course of ac tion be tolerated as between individuals? Is it to be wondered at that the fair fame and financial • integ rity of our State has of late years depreciated and suffered from such a course of action 1 And if she shall now pay the interest due on the first prox -imo iuthlotlepreciated currency of our country, and at the same time withhold this impost or tax on her 'interest her creditors will get but a trifle over three percent, instead of.five ; and the injustice of this will.be more apparent-when applied to a foreign ere: ditor,twho.will be obliged, from necessity,•to convert at this immense loss ilia °fluency he receives from a State which had pledged to - h - ria her, faith and ob ligated herself to pay him five pc.-- emit. in terest for the use of his money.' It cannot, h a that the State of Pennsylvania will do this wrong. Let us wipe from our statute books every act which shall bea'r the least semblance of bad faith or, injus tice on the part of our State; and, my word fora, her credit will soon again be so firmly re-established that . she will be enabled always to borrow at five per' cent., or less, to meet her loans as they may here after come due, and thus always be able to keep, her good faith with her creditors, and occupy that posi tion before the world which will be a cause Of just . pride to every citizen of the Commonwealth. In this connection I would respectfully suggest how, in my opinion, au additional income to the. State may be secured, to meet any expense - which may thus be incurred' in maintaining the credit of the State. in my last report I referred to the necessity •-of a thorough alteration and revision of our reve nue laws, and I beg leave to repeat a few words which I then said on this subject. When the fact is stated that the valuatiou of pro perty of all kinds in our State, including money at interest, tax on offices, is "one-thirst less than thatof Ohio, and two-thirds less than New• York, it must be evident to every one that property in our State is either assessed at a mere fraction of its value, or else that a very large proportion of pro perty escapes taxation altogether. , It has been the boast, of Pennsylvanians for years, that our rich agricultural domain, and our im mense mineral wealth and resources, cisastltute us one of the:tidiest States in the Union ; and yet, ac cording 'to, the valuation of our property for tax able purposes, we arc comparatively one of the poorest. From facts which have come under my own observation, I am satisfied that a large number of our wealthy citizens escape taxation almost en tirely, by reason of having'their wealth mainly, if not exclusively, in bonds and mortgages, ground rents, and other securities, which they fail to return for taxation, and which cannot be discovered by our assessore, under the present' system, thus throwing an unjust and unequal amount of taxation upon real estate and other tangible property, and upon those citizens who are faithful and just in the re turns they make of their means and wealth. To show that I was not wrong in the opinion 1 ex pressed at that time, let me state one or two facts bearing upon the subject. The Board of Revenue Commissioners are now receiving the triennial re turns from the Commiseloners of the State, of the value of property of all kinds in their various coun ties, and the assessments thereon. From this de partment the Commissioners were furnished with a schedule under various heads, in which they were to make their returns to the Board, and in that sche dule was the following : Value of all mortgages, money owing by solvent debtors, whether by promissory notes, penal or sin gle bill, bond or judgment; also of articles of agree ments and accounts bearing interest, except notes and bills for work and labor done, and bank notes. The amount returned under this head by the eom missioners of the city and county of Philadelphia, is $12,439,381 ! 'Will any one who knows anything whatever of the wealth of the city of Philadelphia, suppose that there is only twelve millions of dollars out at interest in the various forms specified above? . I venture the assertion that the amount is nearer one hundred millions, if the truth could be ascer tained. Another item which they were required to return was the number of gold watches; and they return 2,994 ! Twenty-nine hundred and ninety-four watches returned for the city of Philadelphia, with a population of over six hundred thousand ! Would it not be a safe calculation to say there arc at least twenty-nine thousand watches.in Phila delphia, which should be taxed, instead of that many hundred I And the Commissioners of. Lehigh county return eleven watches for their county ; and thus I could cite numberless cases all over the State, where the amounts of money at • interest, and other property returned for taxation, are but a, mere frac-. tion of their true value. is not this wrong 1 Why should one citizen pay the honest and just tax on his money at interest and other property - for the support of the Commonwealth, and his neighborsall around him escape by' either making false returns or no re turns at all I This state of things should not exist. Every citizen of our Commonwealth in protected .alike in his person and his property by our Govern ment and its laws, and should pay a fair proportion- . ate share of the expenses of the Government from which he receives such protection. The question arises, how can: this difficulty be avoided? Ewould suggest two methods by which it can be accomplished to a great extent: I would niake it obligatory on every citizen to make his re turns to the assessors of his money at interest and taxable securities, under oath or affirmation. No citi zen who now makes an honest and just return of his means and wealth,could or would object to this, as it would divide the burden of sustaining our Go . vrrament between him and those who now escape it in part or altogether. Again, I would have the re colds of every county examined yearly by the as sessor, as those records will'-give a true and faithful account of all money at interest on bond and mort gage in each county. Let this be done faithfully, and I venture to say it will increase the revenue of the Commonwealth over a million of dollars annu ally from persons or property now escaping taxation altogether. I ani happy to know that this subject of the revi sion of our ievenue laws will be brought before you through a report from the Board etf .Commissioners appointed by the Governor under authority !Tom the last Legislature. As the act of 1532, which calls for an annual report on the subject of finance from this Department, also requires that report to contain "plans for the support of public credit and/or impro ving or increasing) e revenues from time to ttme, for the purpose of pining inf . - urination to the General Assembly in adopting modes of raising money requisite to meet the pub lic expendit mires, I would respectfully offer one or two suggestions for your consideration when the subject shall come before you for your action. I cannot but think that in all laws for the assessment of taxes on any community, a due regard should be had to justice and equality in reference to the interest or pro " pirly to be taxed; or, in other words, that no one ..kind of business, interest, or property - should be tax ed in undue proportion to any other. I fear this principle has not been carriettout in - all our revenue laws heretofore enacted as applied to companies, or corporations of our State, such as mining :and rail road companies, banking associations, and other corporations which are vitally and essentially ne cessary to the commercial prosperity and growth of our State, and the development of Its great mineral wealth and resources. For example, there are, to my knowledge, mining companies in our State which pay very heavy State and county taxes upon the land which is the basis of their stock and corporation, " and also a State tax upon their stock, according to its assessed value, and the stockholders have never re ceived a dollar of dividends or revenue front their shares. This would seem to be and is a double tax on the same property.. First, the land is taxed-to its full value, and then the stock which represents the land is also tatted its asset/flied value when it does not pro duce the least revenue fo its, owners. This Is certainly $2,172,514 10 $46,963,516 0.9 .. • 5:1),302 26 THREE CENTS. an unequal and, therefore, unjust tax. The same may be said of many of the railroad companies of our State. There is probably more unproductive capital invested in the railroad and mining compa nies of our State than in any or ail other business interests ; and when we take into consideration the fact that those two interests have done and are do ing more to advance the wealth and develop the re sources of our State than all others, is it not unjust, and impolitic also, (the interests of the State Considered,) to burden and cripple these inter ests with an undue and unequal proportion of taXosl I - am aware there is a prevalent disposition in the public mind against associated capital and corpora tions generally, and this feeling is apt to manifest it self in the form I have alluded to. I would, there fore, respectfully suggest whether, in your considera :Bon of the subject the interests of the State will not be advanced and her revenue increased by such ac tion as shall foster and encourage, rather than dis courage, those associations - of capital and corpora. Lions which are essentially necessary to the commer cial advancement of our State, and the development of our great resources. I would not wish it to be un derstood that I advocate the policy of relieving cor porations. from anyjust and proper, taxation, but only from unequal And unfair taxation; and at this • time especially do 1 think this principle of action Would be both just and politic on the part of the .State, • when we consider, the fact that.the General ,GOverninent,l by its'internal revenue Set, bears so lierivilf on' such' 'corporations, to the exclusion al:. !mostrentir - cly . of real estate. There 'are some corpo : rations in- our State which` are? prosperous and pro ductive in. their operations, and from .which the .shareholders receive fair, , and in some cases large dividends. On such companies I would lay a fair And full tax, to correspond with their income or pro ts. In very many other. eases there are companies or corporations whose operations assist very materially . in developing the wealth and resources of the State, and yet produce little or no income whatever to the shareholders. The good sense and judgment of your honorable body will at once perceive the dis crimination which should be made in reference to these two 'Classes of corporations; when you 'shall come-to'actzlipon the'reviiiton of our revenue litiva. There is•probably•no subject that -will be presented r for the 'consideration and. action of your honora ble body bf• more importance, and with which the intereateof our citizens, as well as the general in terests'Of the State, are so intimately connected, as the subject; of the revision and alteration of the revenue laws and as I presume it will be fairly and fully elaborated in the report of the Board' of Com missioners, to which I have alluded,l - 'will forbear any . further suggestions on the subject, except to again express the hope, that in whatever action you may take, you will endeavor to,. bring within the operations of the law those clh•iths and their im mense' Property and wealth, who have :hitherto etened taxation by failing to make a true and just return to the officers of ,the State. By doing this you will (in my opinion) nearly double the income or revenue of the State without the least increase of the present rate of taxation. I herewith submit tables giving, in detail, the operations of this department for the last fiscal year, together with estimates of the receipts and expendi tures for the present year. • All of which are respect fully submitted. HENRY D. MOORE, January 7, 186.3. State Treasurer. F. TT Et 0 I" E . The " Newsll on the Prospects of a War— Effect of the Fredericksburg Repulse— The ' Diplomatic Correspondence The Pope and the Distressed French Work lug.: 'men—Garibaldi at Caprera—Tho Greek Question The " Times , ' on American HALTPAX, Jan. 9.—The steamship Africa, from Liverpool, at 11 o'clock on the morning of the 27th, via Queenstown on the 28th of December, arrived here at half-past 8 o'clock this morning. She did not call off Cape Race. Her dates are three days later than those already received. The Africa has forty-one passengers for Boston. The steamship China, from New York, arrived at Queenstown at 2 o'clock on the morning of the 27th of December. - The ateainship City of ma n clieete r, from. New York, reached Liverpool on the night of the 25th of December. ' • • The holidays had completely suspended business The pnlitical- news is also a blank. • GREAT BRITAIN. . The London Daily News editorially denounces the miserable spite which is constantly being shown between Americans and Englishmen, which creates and - sustains a risk of war. It looks on the contd.a= butions to relieve the Lancashire distress as an honest and true manifestation of. the abiding Ame rican feeling towards England, and sets them against the "many belligerent threats having nothing in them but the passion of the moment. It concludes as follows: 'On . the whole, we rest in the conviction that there will be no war between the two countries; but, whether there is war or not, the responsibility for it already rests With those of our country who, out of the repose of peace at home, speak and write whatever is most irritating to a people subject to the irritations of revolution and war." The steamship City of Manchester took out, via Cape Race, an account of the battle before Frede ricksburg on the lath of December. _ The London Times thinks that it is plain that General Burnside suffered a damaging repulse, and that if he retrieves by force or strategy what he has lost, he will prove himself a great general. Re newed attacks upon an enemy after a day's interval, do , not often succeed, but he may possibly carry the works of the enemy or turn them. If, however, he should fail once more, he will put himself in the most disastrous position known' to a general, and an enterprising enemy, according to all the rules of warfare, ought to destroy him horse and foot. • • The London Times again 'adverts to and dissects the recent American diplomatic correspondence, and says : Had Secretary Seward consulted his own re putation, he would not have published many of these letters, which are essentially private ones. Writing before the battle of Fredericksburg, the New York correspondent of the London Times eulo gizes the passage of the Rappahannock river by the 'Union forces as one of the noblest episodes of the war. - In a subsequent dispatch, per the China, the same correspondent pronounces the battle' of Fredericks burg aa.one.of the fiercest and decidedly the most calamitowinr - tha war-to the Union army. He says "the Union troops fought with the most determined courage, but the position of General Lee was im pregnable." FRANCE The Pope of 'Rome had sent ten thousand francs to France, for the r.lief of the distressed working men in the department'of the lower Seine, as a mark of.sympathy and gratitude for tokens of devotion received from France. "Rumors had been current of a Pturosed new treaty_ between France and Spain relative to 11.1exwo, , but they are said to be without founao tion. Cardinal Morlot, Archbishop of Paris, was seri ously ill and had received the " extreme unction." The Paris Bourse was fiat, but closed firmer, the Rentes being quoted at 69f. 90. ITALY Garibaldi arrived at Caprera on the 22d of De ceinber. The Pope did not officiate at the Vatican on Christmas Day, owing to a slight indisposition. He, however, received the diplomatic corps. IlrDl_4, CHINA, AND " AUSTRALIA MAILS.— The mails from Calcutta to November 22d, Hong -Kong to November 16th,*and Sydney to the 21st of October, had reached England, and were forwarded per the Africa. • , The news Is anticipated. A Bombay despatch of December 12th reports shirtings dull, cotton inactive, exchange 2a • Cart: or GooD'HoPE.—Cape of Good Hope mails to the 21st of November had been received in England. The news was unimportant. The, civil war in Transval had terminated. • THE GREEK QUESTION. It is asserted that two of the Great Powers are not in favor of the lonian Islands being ceded to Greece, on the ground that if the present protector rate ceases they would become a permanent focus of insurrection. The uncertainty as to the future king was giving rise to disorder in various parts of Greece. • LATEST INTELLIGENCE VIA QUEENS- TOWN Livlniroor., Dec. 27--Evening.—There Is no politi cal news of Importance. The China's news, giving particulars of the defeat of the Union forces before Fredericksburg, has been the universal topic of conversation to-day. The friends of the North are greatly 'disappointed at the result of the battle. The general deduction drawn in Liverpool -from the result was unfavorable for an early peace. ' The London Times again adverts to the animosity of the Unionists against England. It assumes that lack of sympathy in England for the war is the only cause of offence, and justifies that cause. , The London Daily News replies to a letter from Mr. Buxton, member of Parliament, in which that gentleman questions the effect of Mr. Lincoln's Emancipation scheme, and says it prefers to believe that the salvation both of the negro and the white race will spring out of the war, rather than to ac cept Mr. Buxton's sinister predictions. . Periodical Literature. A new number of the North American Review has just appeared, and has reached us through Mr. Zie-, ber.. It containeseveralgood articles, the beet being those upon Professor Wilson, ("Christopher North,") Count Cavour, Rufus Choate, Popular Fallacies, Recent French Literature, and French Histories of France. Ott the whole, this is the best number of the oldest American Quarterly that has been published for many years. It had need to be, to prevent its being pushed to the wall by its young but powerful rival, the National Quarterly Review, edited by Mr. 9.ears. The December number of the Art Journal, an tutted London monthly, contains, engraved in fine on steel, Maclise's Origin or the Harp and Turner's St. Michael's Mount. Its.. other engravings, on wood, are the Nonlunental Sculptures of Rome, (including a fine portrait of Pope Pius 1X.,) and sixteen pages of letter-press and engravings, farm ing the ninth part of the only Illustrated catalogue of the International Exhibition erer likely to be published. Received from and on sale by W. B. Zieher, South Third street. The 25th Pitrt, commencing the fifth volume of the Rebellion Record, edited by Frank Moore, has reached us through J. K. Simons, agent in this city to George P. Putnam, publisher. Besides 112 pages of letter.press, bringing the annals of the war down to the middle of last June, there are portraits, on steel, of General Wadsworth, and of General Billiton Bragg, C. A. The Catholic Almanac for 1563, published by P. F. Cunningham, South Third street, is a periodidal— inasmuch as it is an annual. It contains, with the usual calendar, a register of the churches in the dioceses of I'hilalelphia, Pittsburg, and Erie, with the names and post office addresses of the clergy. This is an authorized publication. ,PRESIDENT LINCOLN's reasons for signing the bill admitting-West Virginia Into the Union are said to have been as follows: 1. That it was the correct policy of the Admini stration to secure as much free territory as possible, arid with as little trouble. 2. That as the - Wheeling Legislature had been re , cognized by Congress as the Legislature of the State of Virginia, that body had the authority to adopt measures looking to the division of the state; that the responsibility did not Its with those who voted for the measure, more than with those who did not. vote against it, viz: the inhabitants of the eastern section of the State. 3. And the principal reason, that he WEIS bound to take care of his friends. RECEIPTS OP BREADSTUFFS AT BOSTON.—The receipts of Breadatutfs at Boston for the month of De cember, and the comparative receipts since Jan. 1, haye been as follows In Dec. In — 1,3a2. r • 1n1361. Flour, bbl. - 135,959 1,362,946 1,42 1 ,617 Flour. half bb15..... ...... • 360 5,735 3,643 Corn, bus 47,530 1,E30.1421 1,970,025 Corn, sacks • • • • • • • • 1,191 Wheal., bus ' :350 61,015 29,:; 63 0at5, 0u5..... .......... 1,163,991 1,017,34.1 Rls, bus - ' 5,623 39,973 . :13,150 Sh or t s , hus 6,374 num 515, n . Itye flour, bble 500 , 1 867 3.4 . 5 Corn meal, bbls ....... 157 13,560 11,711 TB losses by fire in 1862 (taking. those instances only where the loss was over 100,000). amounted to $17,640,000, against 418,020000 in 1861. TYPE WAR PRESS. (PI7BLIBIIED WEEKLY.) TRH WAR Pans will be sent to eubscribere by mail (per annum in advance) at $2.00 Five " " ... .. 9.09 Ten " " I. 17.00 . Twenty Cordes " " • 32.0$ Larger Chiba than Twenty will be charged at the same rate, $1.60 per copy. The money must always accompany the order, and in no instance can these terms be deviated from, ae they afford very little more than the cost of the paper. WO- Poatraastera are requested to act as Agents fbe TOR WAR PRESS, Ails To the getter-up of a Club of ten or twenty. at extra copy of the Paper will be given. The Broad-street Railway—The Other Side of the Question. To the Editor of The Press: Sin: A strange misapprehension pervades the' community—to the effect that a continuous line of railway between the North and Washington would detrimentally affect the interests of this city, and make Philadelphia a mereavey-side station. This de lusion is the legitimate offspring of that provincial spirit of anti-progress that has heretofore systemati cally opposed all improvements conducive to the public welfare; that has ruined our commerce and -retarded the development of our wonderful resourcea, which, properly utilised, would'elevate Philadelphia to the rank of the foremost manufacturing city of the world. ' - It is full time to abandon the Rip Van Winkle ma , Hey that has blighted our prosperity; to discard as our mentors the dismal croakers that have controlled \ public opinion and public offices, and consign to the shelves - of the Academy of Natural Sciences the fos sil man whomlwe have too long !veered. It isitime 1 to treat.our men of enterprise as public benefactors, I and cease traducing and persecuting as malefactors the projectors of improvements promotive of the wealth,. expension, or adornment of our city. • Instead of imitating the custom of the Chinese, who enclose their cities with massive walls to ex clude themselves from contract with .the outside world; we ought to throw open our gates, extend our limits, and invite the people, the capital, and com merce of Christendom to centre here. Well would it be for us to slough oil' our provincial character, and rise to a metropolitan attitude. ,Discarding antiquated notions and traditionary prejudices, it is the duty of Philadelphians to exa mine, in a comprehensive spirit, whatever affects the interests of the city, and adopt as their policy a course of action based on reason and progress, andamt slavishly adhere to obsolete ideas, nor be governed by the opinions of others, who are actuated by selfish motives, nor suicidally yield to passionate feelings or local jealousies.. lm order to aletermine the railroad policy most beneficial to our city, we must dispassionately ascer tain the effects which will rhea from the removal of local impediments from the line of travel between the North and South. Prior to the revolt of the Seceded States the in land route to the South was in the highest degree 'defective in consequence of the obstructions in the several cities along the line. The interruptions in the continuity of the line compelled travellers,con tree ry to their wishes, to remain for several hours or all night, at unattractive places, or to change cars, which oftentimes forced them to ride for a conside rable distance in lumbering omnibuses or rheumatic hacks ; anti this annoyance, vexatious at best, be. came intolerable in case of families, accompanied by children and large quantities of luggage, especially when the change from one train to another was made in the darkness of night and stormy weather. The inevitable effect of these imperfections was manifest in the unpopularity of the inlandroute, and the merchants of New York, ever alive to their owe interests and intent on magnifying their own city by diverting and absorbing the business of others, forthwith established lines of steamers between their city and the principal Southern ports, so that, at length, steamships were regularly plying between New York, and Baltimore, Norfolk, Hichmotel, Charleston, Savannah, and New Orleans. The elegant appointments of the steamers, the exemption from annoying interruptions, and the general comfort connected with this mode of travel, .induced the majority of travellers to prefer the out side line to the inland route, and accordingly they were transported between New York and the South directly by water, without an opportunity to visit Philadelphia. Arrived in New York, the 'Southern merchants were accustomed to purchase their supplies in that city, and, instead of buying from the manufacturers the articles made in Philadelphia, they procured them from the middleman in New York. Asa necessary result, the cost of the manu factured article was augmented to the amount of the freight paid for transporting it to New York, and the profit of the middle-man for selling it. If the merchant could have obtained his goods at theTountain-head, the manufacturer would have re ceived a larger sum for his fabrics, inasmuch as he would have saved the profits of the middle-man, and -the merchant would have paid less for his goods, in asmuch as the cost of transporting them to New • York would have been avoided. _ "f Parties travelling for pleasure were likewise landed in New York - , where they sojourned and ex pended their money, to the exclusive benefit of the tradesman of that city, while Philadelphia, being out of their route, was wholly neglected by them. Upon the outbreak of our national difficulties the Southern steamship lines were interrupted, and the steamers taken by the Government. In view of the discontinuance of these lines, the managers of * the several railways forming the inland route, have wisely adopted the policy of perfecting their line by making it continuous and free from local impedi ments, in order that upon the restoration of peace the inland route shall offer such advantages to travellers in point of expedition, comfort, and safety, as to pre vent the re-establishmentot , steemehip lines between New Yorkand the Southern cities, in which event the whole tide of travel would be turned to Philad elphia, instead of avoiding it as heretofore. if the merchants of the South and Southwest were brought to this city, of course they would pur chase most of their goods here, since they could pro cure them at prime cost from the manufacturer, and have the advantage of an extensive assortment; while parties travelling for pleasure would inevitably tarry here to enjoy the attractions of our beautiful city. To divert trade and- travel from other cities foiher own benefit, New York not only established the Southern steamship lines, put she has persist. ently endeavored to construct lines of railway to the South to avoid Philadelphia altogether, and these efforts have been-frustrated solely by the managers of the existing railroads, whom it is the custom to lampoon and vilify as "foreign corporations" and "odious monopolists." A few years ago the merchants of New York un dertook to build fa "New York and Norfolk Air- Line Railroad," which was designed to pass through New Jersey to a point - opposite Dover, in the State of Delaware, where a ferry would be established; from Dover the line was intended to run to Seaford, .to connect with steamboats to Norfolk. This pro ject, so ihimical to the interests of this city, was de feated •by the Philadelphia, Wilmington, and Balti more Railroad Company, which induced the parties controlling the Delaware portion of the line, at that time-under construction, to abandon it upon the promise of that company to construct the Delaware Railroad to Seaford. This railroad, which is now an impoitant tributary to thcatityed Philadelphia, was built at a large outlay, and is or . ierateu -s.- n an . noel loss by the Philadelphia, Wilmington, and Isar timore Railroad Company. During the last session of Congress, strenuous ef forts were made by the merchants and capitalists of New York to induce the Government to construct a national railroad between New York and Washing ton, which should avoid Philadelphia altogether. The press of New York and the New England States advocated the measure with great energy and abili ty ; the New York Chamber of Commerce presented s--memorial to Congress strongly urging the expedi ency of connecting the Federal and commercial capi tals by a ecrAtiniiopS line of railway, free from local obstructions and susceptible of high.rates of. speed. ' Petitions to the same effect were presented from all parts of the country, and the matter was referred to • the appropriate committee, who reported in favor of the project, and submitted a.bill authorizing the loan of the national credit to aid the construction of the proposed line. Fortunately, owing to the pressure of other matters of more urgent importance, this bill failed to pass. At the commencement of the present session of Congress the same project was revived, ' and a resolution was introduced by Senator Sumner instructing the Committee on Post Offices and Post Roads to inquire into the expediency of establishing . a railway line between Washington and New York "free from locallimpediments," and the subject is now under consideration by that committee. The managers of the existing railroads are well aware that unless a connection shall be forthwith made between the railway lines in this city, so as to avoid a change of cars, the contemplated national railway will inevitably be built, to the irreparable injury of Philadelphia. In order to avert this ca lamity the companies have cheerfully undertaken to • expend one hundred thousand dollars to form the desired connection, which it ds proposed to make by establishing a first-class rhilivad on Broad • street, in conjunction with the line on Girard ave nue and Howard street. Like the introduction of gas and the removal of the shambles from Market street, this improvement has encountered fierce an tagonism and aroused a spirit of insane malevolence towards its projectors. The press has hurled its di rest". thunder bolts at their devoted heads, and they are • stigmatised as "purse-proud aristo crats,e "bloated usurpers" "audacious wretches," "foreign monopolists," "wolves in sheep's cloth ing," " enemies of Philadelphia," "New York par tisans," and other classic floes are applied to them, equally pleasing to a sensitive mind. The project it self has been termed an " outrage," "a desecration of our beautiful boulevard," and a "scheme to in jure Philadelphia and to benefit New York." Mo tions for injunctions have been made without num ber, .and. protests longer than the railway itself • erowd out ' the latest news from the seat of war" in our daily journals. The. Broad-street Railway is intended only as a :emporary expedient for avoiding the inconvenient transfer of through passengers from one train to another. When the Junction Railroad shall be completed, in July or August next, the use of the Broad-street line will be superseded, since entire teeing ' drawn. by locomotive power will be enabled to pass over the Junction Rail; oad on the west bank of the Schtlylkill, -whereas, on the Broad-street Railway, each car must be drawn, singly, by a team of horses, ' a process so tedious and expensive as to fall into disuse the instant a better mode of conveyance shell be provided. . It redounds to the liberality and public spirit of the railroad managers that they are willing to expend a hundred thousand dollars to build a railway line to be used for only a few months, and the construction of which will avert irremediable disaster to the in- _ terests of the city. - It has been industriously represented that the Broad-street Railway is designed to be operated by • locomotive power, which averment is utterly devoid. of truth; it has been alleged that the line would be used for the transportation of freight, which allega tion is likewise false; it has been urged that the railway would injure Broad street, depreciate ad-. jacent property, and prove a public nuisance. An examination of the track already laid will con vince any unprejudiced person that the establish ment of this railway will materially improve -the street and benefit the residents. The dilapidated condition of Broad street is a matter of common notoriety. It has not been paved ..or..repaired from time immemorial; its surface i 3 irregular and jagged; the freight railway owned by the - city has been neglected, and its tracks are in a wretched state ; its turnouts sprawl in all directions and seriously impede locomotion. Under such cir cumstances. Bread street has become almost ins- passable, and an ordinary vehicle could not be driven through it without liability to accident. The Broad-street Railway. wilt be of sufficient 'gauge to enable carriages to pass within its tracks upon the inside of the rails; it will be laid in the most durable manner, so as to be level and firm; the road-bed and street adjacent to the rails will be paved with cubical blocks of granite, and the inter stices filled with screened gravel. Thus constructed, the railway will furnish racer-. Hoge drive unsurpassed by any in the city, and henceforth the pleasure of. riding on this boulevard will equal in degree the discomfort which heretofore attended that hazardous proceeding. ' The parties connected with the Broad-street Rail • way have been charged by the public presses-Ith au daciously defying : the courts by continuing to. coa st' ect their line in contravention of an injunction issued to restrain them from proceeding with their undertaking. This accusation is equally malicious and unfounded, inasmuch as the injunction applied for was refused by the court. If anypasties should violate an injunction granted by a legal tribunal, they would be summarily arrested for contempt of court, and be compelled to expiate their offence within the walls of Moyamensing prison. It is fortunate for the projectors of tee). Broad street Railway that "hard words break no bones," otherwise there would not be a sound, bone in their respective bodies, for assuredly no gentlemen were ever inundated by such a flood of malediction and vituperation as has deluged them. Nevertheless, . when the mists of prejudice shall be dispelled by the light of reason anti experience ;. when the merits of their improvement shall ha'e been tested, and its' beneficial elites on the trade and prosperity of the city shall have been demonstrated, the protestants against the Broad-street Railway will take their ap propriate place in the same category as the pro testants against the introduction of gas, water and passenger railways, whale the originators of this en terprise, at present the victima of calumny, persecu tion and Arenas', will be recd sized as public bene factors. . ACTnrO ENSIGN GEO. FREDERJOKSON t who went down with the ill-fated Monitor, was on board that vessel during the famous fight with the rebel monster Merrimac, and bore ist- conspicuous part in the en gagement. lie wanit young man of much ability, and his gentlemanly deportment and amiable bear ing made for him a vast number of friends, who sin. cerely mourn his very sad and untimely death.
Significant historical Pennsylvania newspapers