_--•' ' ' r' Y '''' I " "' - " • griEITO PlEroniSiS e - ' • . .• 011,10lIND DAILY (SUNDAYS BXONFTN.M. MY mom 11 1 F• FORNEY. , . . - ,l'.. ''' , r deaf ~- t. , . f'---%--' ---- 111'.,.,..."*...,: \t '1f „ 1 , ' , ' . ....n ' ::77 '2,,,',: , ;„ ft . 5 ,,, 4 i , ( 7.e'' ‘.. •. 01 4" * 00E. ie. 1U SOUTH FOURTH. STRUT, '- . - /,''''' - . f . . . ; 111 'AV , ' - -;i:w ' • i... ' ix- ee . , , ~ ~ . r'''',.. , ' -•-• ''l ' .' .. .0' I 1 ,1 , .„ - ' ~., ~.f,; ~, liiiipa mmeir. i ....,41 ,re--‘ , ~. Wr. , - 1 - *NM DAILY PEENS, ' . A ... -...:, \h ,... ,- - , ... .. IN '1 . __ -,..,. ~,..,4, ' ---, r--Arti . , r ope Quin Pin Want, payable +to the ere * . P __ ' 1 'T ' l l ' - 7. 1 , ' 1, - , ::: ' ',' it - - - ,iittr . 7., 41 --- 5, - T -- , ' - f• .f.-" , - %-, ~...1 , , - -.: -__• . araa llilig ' 1 4-. ., 7 0, ,,, , , i II Lki u.dtotliabemibers out of the city et SEVIN DOMAN .'- ;,, welt; TlLliant Domana AND FIFTY °NETS von BEV , • ' - %-s - r'-:'..Y.' '''., ', T. .`. ' ~ ,, 7 .''':!, ' ,-...;`, 1111 a ' 0": 1 4 ' '' - 1 [ .., i'' /- t... m_ ,_ L.z t i s ir eA ', .. : -,.• di '-',- -•-- ----..- . . , oar s . ORR DOLLAR AND SEVENTY-PITS OEM Yen . ), , ,-;-•-•-... ' • ..,' * - e rsa.P 4 tre"'" -- ....... ..4 1 ..., , .....- +. ter * _ ......,............_ , ... -- - - --- '..w .-.-- --' .. ~.. •••••• 7 +,,„,.„,„.„-_,,, .-..-• ........, 00 ifelerge, liessiably in advance for the time or. ( I -,. •. , ...........e ... - , ........ s toed. sa-,Advenistensente inserted at the tumid rake. ME um onstitute expire. . lens kniI.wEEEELy I n uoss, •111111111111111111111111111111111111111010.11MINW THREE „,ii.d to Subseribera out of the city at Form Demure VOL 7 —NO. 297. PHILADELPHIA, SATURDAY, JULY 16, 1864. , ri , „ttortin la advance. ' ' , IFINANCIL&L• ' Am., strewing the line of march with roses and green , obtaining and smelting it from the ore, over and I ~..,....,..,...--.....,...,..........., - leaves. Sonia of the "big Nuns" had evidently To the Editor of The Press: above the mere cost of coinage, so that if the mil- ' FIRST . been around early In the morning; for they did not Sin : Can a national debt obliged to bear interest lions of people who have been actively engaged day keep step very steadily to the' tousle of the band.and night in mosecuttng this war had had the saw be easier paid than one which bears no Interest' This music was simply a succession of the same Can a man who owes $lO,OOO refund thatf,ainount ardor and energy devoted exclusively derive , rounds, slightly varied in their arrangemerit, pro-saute period to extracting the precious Me' snore conveniently if b e intlst pay In addition $6OO N4 l ie r l ' lON.4ll-1L 13A.MEE " . ducing a monotonous, but not disagreeable; effect. Interest, or if he need pay no interest whatever 1 If its native earth, the reemitant large pro° They accompanied the Emperor all the way to the a nat i ona l debt can b est b e pa id b y , increasing that have had the same, effect on the east or issue of national currency lute nov -01 cathedral, where he entered to hear mass, and du, debt then Government should fifty onds beetle& • ring the rest of the day and night remained in the interest not at therate of six, buper cent per tor it became multiplied prices V , p T , city, going heavily into pique and other liquors. - annum; for as the only difference between 'bonds Yi riADELPHIA. they will now if time be giv the employment, and the '' CAI/elt OF TIM REMOTION'S APPARENT inmOneS. and currency is that the former bear interest and volume of the eurrencY . . , The correspondent, speaking on this point, says : the latter, does n et, it follows, of pout se, if we wish lent fluctuations V. ofiSIGNATED DEPOSITORY • Its soon t h at became g4tnerally known in the eity that difference and make the bonds in t , , inorei n e , _.. loans for the ep ee opinion et to Advocates yet move valuable, holpeto glutei of Mexico "the conting man. bed changed the piled d iniejel t t u tp e ey fr e , a . l o l for should he g reatly Multi , w ve st able to pa y thousand AND Order of his entrance into the capital, the ranch military authorities, in connection with the munict- sl i . ••-• m ions o e n widelk•lnterest is due beter a thanlf n 0 riBet ., (slUf f ell°nin ' e'' , lINANCIAL A.GENT panty, began to make extensive preparations for ' Otis escort and welcome. The Corporation met with- for augment f ac i l ities I a.,101f: we ought certainly to Increase the into- t• The principal objection to the issue Of eurrencV ' ~ fora grand public reception, utterly indifferent as t i , • to where the money was to come from. The woof that it gre ilyiftruhancee the cost of livin' '' daring people, passive and obedient in everything UNITED STAT E. as they have now been:no, looked on. In pursuance issue oftbolis f however Instead of °bola° e, of the monarchical programme, the AsuntamientO, rnr ,we have then not only thwe' , issued nu address to the citizens, infermine them - intended, inerottee the evi l ; for unless rape' •' that "their elected sovereigns' , were near the gates its intoned to - meet, which can be de of the capital, and soliciting them In the warmest direct and inilreet taxes.. New.ff i 1 0-4 0 LOAN. terms to perfect their preparations fora brilliant re- always VI raise the cost of Bei *WC • the tax'chit is made caption of the Emperor. it was also ordered be the , , ,_, . s . „ l same infallible authority-though the command was eet . e t r wean therent le i a orocer to Inc i:n(4lnel] into the lone o fa peremptory "request"- ti t ". 2. - -,_ - ce nter ; c• that all stores, shops, and other places of • business forttirdro,;; _Bank has been anthorisei mad is zolr • prepare& teeny' subseriptions to the ' ',, three days immediately, following the entrance of ~, whet ' 6. the Emperor, • and that ' the proprietors, with %,"„,7, at i 4 NEW GOVERNIIIENT LOAN. , their employees, should devote those days to public "" rejoicings. * This " request," or rather order, was in / 1 " ) rt every instance accompanied by the intimation that ail persons not closing their houses in accordance Loan, leaned under authority of an. an of Cow,' with the decree would be subject to be mulcted cgapproved Marsh 3, MX, provides for the butte of m Ilundred Millions of Dollars 0200.0M.000) United ' dollarA. Under such elreunfltiinces, tlio tee Bonds, redeemable after ten years, and payable general closing of all places of buslnes , 4,lyears from date, IN COIN, dated mush I.lBB4."the' city. Furthermore, every how ~xlll> lntorest at the rate of quired, under a heavy penalty 1 .windows and balconies with ' k FIVE PEE CENT., . with both. Occupants of I' oned 'with municipal w Ana= IN ODIN. Payable sembanittelly on ill ' The Progress Of Maximilian from 'Vera gallon-swift, sudden adanver $lOO. and on Bends of $lOO and less, an. •, illuminations i• - • • Cruz-Itis Triumphal Entry into- the u P - air - , Ju .,,, lib th er 4 tll y r p o r e e e t lv r t either Mannered or &pon mienimisemmimi , 4 tared Bonds will be Issued of the denominations ' Capital-The Decora (ions tender motile nd i ih nni ' . operated lik nations-They are alleged Co t have been " triumph te • , -ot up 'by Order -The Military Sinus- . shanty - • """"'"`"'""""' tion of the k'reneh ant/Mexican Armies. na ''' , f dollars ($6O), one hundred dollars MOB, dye s• entered dollars ($500), one thoulgand dollars ($1,010). FOR TEL ARMY AN D NAVY. The afexican correspondent of the New York He- , -Te t sand dollars ($5,000), and ten thousand do ll ars raid writes a detailed account of the progress of 1 , " , SllO, ), and Coupon Bonds of , the' denemlnatlons of new Emperor of Mexico front Vera Cruz to ilf , -, iiiillars ($5O), one hundred dollars ($100), Ova hen- , and his reception in the.eapi tat. We have • dollen ($600). and one thousand dollars ($1.000). • - _ ' to extract from his letter, in the first •••• INTEREST.... statement of the facts of the recent" .s. OODlMenee from data of subscription, or the earned in the second place, his statern , Mimed from the Ist of March can be paid in iota, or, ~VAN'S - sr, HAssAi.x.„ Its apparent success, which nhrther notice. In 11. S. notes or notes of National •"-' selected from the coupe • sake, Lading (50) Any par sent. to the amount for pris• _ _ _ FUR „1,1 Unb 0. EL CLARK, . MILITARY Is I3ERS. TUB PROOF' Ho says that apit.df President former city, ie CS ARCH STREET, - 1110 Frio. , tsREIE FROMATION • , Banners, Regimental and CoMpany Flags, Swords, S. Sashes, Belts, Pageants, Epaulets, Hats, Caps, Can -OR SALE IN SUMS TO' SUIT PURCHASERS, BY teens, Raversacks, Camp Bits, Field Glasses, a " ••'"- Sr ''•`t,..', and everfthingperteiningto the completeentet - ,v3p'wmr R rum NavY Officers. A. liberal discount allowed to the trade .Iv7-10t 'E, IN' I, 0 A N. ' . CLOTH' 11 . iII ~ . , V. 8. 1040". .11.1' 000}13 .16 co. 0773.1101 SUM TGI W GOVERNMENT. LOAN. . Bearing Five Per Cent. Interest IN COIL Zedeemittle Daytime after TEN,TEARS, at the plea- L , of the Government, and payable FORTY TEARS , ,• r date. Both COUPONS and REGISTERED BONDS the issued for this Loan, of same denominations Litho Ire-Twenties. The interest on $OO and $lOO payable any, bntall other denomilLttiellrbalf yearly. Tits -POET! BONDS are dated Irani 1, 1804, the half early interest falling dna September land March 1 of year. Until Ist September, the learned interest • " I st March is required to be paid, by purchasers IA • or in legal enneney, adding 60 per sent. for em, until farther notice.. other Government Sentritin bought and Mg. . . JAY COOKE et CO., If SOW 1 : : i . • :,: r •"$ •.' . I 1 :I I • ''' illiS OF SMALL 1-30 U. S. TREASURY NOTES. SEVEN-THIRTY NOTES; of the denomination of , and 100 e. can now be converted in , BONDS OF THE LOAN OF 11381. ~, the same denomination. For Information apply at the office of JAY COOKE a Co., Bankers, . 3rs- , m - 1.1.4 South THIRD Street, Phila. A ' :• , . ( • • 5 , .or •- CENT. LOAN OF THE BOROtHill OF SCRAM -BN, Lucerne county, Pennsylvania. Coupons pay le in the City of New York. The undersigned will receive proposals until the •* SNTIETH DAY OF TllLY,lnstant, for the purchase $75.000 of the Bonds of the Borough of Scranton, sued by virtue of a special Act of .Assembly of the gistature of Pennsylvania. entitled " An act to autho. ce the raising of money and peymelit - oliholui. es "to .Inntryp friths - Borough f, (maker ' '' , is'-' , ... c .' .• ' ' 4'S ifies i ll,k.. , -V gm lfr ..•!, ? :' : ~ ,„ ; ; ra t 'Of AIMS and OE; ' ' It' get :kite' ,• - theciy ew Mork. , iniol.elisilinreftelonettideln three . from thelk Any.,ociurteri lB6l - . *.• nde ery ropetr mal State and local taxa . , yrs lit" Murky one half the amount of the I ~it .beeirahvi.ay levied. , • I 7 1 4111.68 v: O..PLATT, Treasurer, SCRANTON, Im -'e %MOW; Pennsylvania c-. / J. RORINBQN. , _ .. THOMAS MONsOis, ' L. , commimione. a BOSIIICY FrIA ,SCIMIItOII. COMMISSION lioCSJOS; ~. - ...--a•-?tEgi.Z5V-Z.trlittrA TRADE - tatted to ClicTit STOOK OF: , .16.110-iirpolari.qo ; an-iroo,l'lmulYulati4 •1 .., :: .- , • LID FLANNEL S, r I :to- , ,- -t- .. e-: • •-1 7 arioesmaires in Gray, Scarlet, aud*ek Else. I: INTED'SHIRTINO.PLA IO S4.W r kew , -Is ' , n , ,,, , • , . 1 0 >. ar It 0 TTO • . r .• ~a 3 =Tina...Street, and, -Panatela , • :_,:.:-•. .' RE,South FRONT Street. 11 .' R.11 .•, 1 •:. 1 0 II 10'' 0 C ..,e - so„ .;•, -• li -•:,1"1 .0 Afi. tirk4- • •tresti.e.k.;, , i, - : . ' No.,MCHRTNUT STREET,‘„ ~,,,,,, ..,„ .. * OMMISSION. MERCHANTS; FOR THE SALE OF 14.6m1 PHILADELPHIA-MADE GOODS. )TT ''''"-- . 904 ixari.NATie. ;44 • i•itip • ae,o9o4prox.wAsk4oLoWarriz..i..,•). • ge;.; V: 1. C. .1 18 010 1 10 014 . g ammaxgarai AND swrizurns: (ORAL SKIRTS, all Grades. - • oan • IN GOODS. DER LMS, TICKS. STRUSI/41111:11T IDIOL am., from various intiff: * l DB CODRIDLI„ , . • 011$: ) 11 COMPANY DVIBOTORYOOII- 'Set Presidwti. alng a List of ComPaplON, . ,asurers, andtyci:stlitt i . Wlto IllatiAewOomnonlosOrlth CERTIPICATES.Or StOOK.. , TRANSFER BOOK. ORDER - RP TRANEM7 STOCK . STOOK LEDGER BALANCES, REGISTER OF CAPITAL STOCK, — ' DIVIDEND BOOK, BROKER'S PETTY LEDGER. ACCOTET or SALES, toad materials and at Lew Prices. moss sr. wikrionas, - 438 CHESTNUT Street. DRUGS. ASH DRUG 110 Ise. WRIGHT do SIDDALL.- to. UP MARKET MERV, letwssu /SOLT sod SECOND Streets. O. W. Wwiere. DRUGGISTS, PHYSICIANS, AND GE. ZIERAL STOREKEEPERS Can And at oar establishment a frill assortment of Imported and Domestic Drags, Donnlar — Pa.. tent Med W icines, Paints, Coal 011, indow Olaas. prescription Vials: etc., at as low prices as Bean. ins, irst-slau goods sin b4l SOid. FINE ESSENTIAI, OILS. Yor Confectioners, 111'15111 varlets, and of the best qualt Cochin . Beng,al Indigo, Madder, Pot Ash, Ondbear, a Ash, Alum, 011 of Vitriol, Aiatiat- " to, Copperas, POE L Extract Of ock UwSE,d, , oo Always on hand it lowest net cash prices. SULPHITE., OF LIME, , for keeping eider sweet; s perfectly harmless pre. ' paration, pat up with full directions for use, In i vorksges containng en Olctent for one barrel. Orders by moll or city post will meet with prompt attention, or speciAl quotations will be tarnished whoa. requested. WRIGHT Crz SIDDALL, WHOLESALE DRUG WAREHOUSE, No. 119 /WU= limit, above FRONT. ee•tbetely-te OBERT SHOEMAKER & CO., . S. Cornea of FOURTH and RACE Streets, PHILADELPHIA. HOLESALE DRUGGISTS. =POEMS AND DEALERS IN )(METRE AND DOMESTICI WINDOW AND PLATE GLASS. MA.1117/10FIIRRIR OF TH LLD AXD LINO PAINTS, Porn, mi. AGINVII TOR TER OHL AAAAAA D FRENCH ZINC PAINTS. en and consumers imrplied al 714-8 n VEST LOW PR(OEB ?ON, OAHE. OSEPH H. THOMPSON, SHIFTING COMMISSION REMOUNT, • And General Agent, DEiLAWAU Awns, I . E. W.A1,11211..VEN, (SUCCESSOR TO W. H. bARRYL,) 718 OBESTNUT STREET. WINDOW SI-lADES, MOSQUITO NETTING-S FOR THE ARMY AND NAVY. • E . • -• 1-T.A.SSA.T.4I3, . • • • MILITARY:FURNISHERS. , . . 418 ARCH .STREET,. • • FRP ipiao ll A Banners, Regimental and ComPawy Flags, Swords, Sashes, Belts, Passants, Epaulets, Hats, Cape, Can. teens, Haversacks, Camp Site, Field Glasses. Spars, and everything Pertainingto the complete outfit of Army and Nay's , Officers. liberal discount allowed to the trade. je3).lm CLOTHING. EDWARD P. 'MIL Y; JOON IKELIA:Ti 812 CHESTNUT STREET, Than boy on hand a eomplete assortment of SPRING AND SIIIIIDIER,GOODE4 14010-if 'i i '~~ :~1~ C' I I I TEE ThiPROVEp s FATTBRS • BEIRT. WARRANTED TO TIT AND Gm SATISFACTION WADS BY ' .3 - 011. N. C. AIERISODT, NOB. 1 AND 8 NORTH SIXTH !WREN.; NANUTAOTORKR , AND DKALBR W ' GIIMMERi'S FIRE FURNISELNG GOODS. 1141.113L1N. Lad TLARNEL SHIRTS and DRANYERS, COLLARS. STOCKS, TRAVELLING SHIRTS. TM. WRAPPERS, ho., HOSIERY OLOVES, • SCARFS, SUSPENDERS, - 11.AliDEERCHT111, • • -SHOULDER,BEAMO. an. Bold at rompotiable prices. ; •14D0R,. v • ARCH STREET. 825. totei , " , , , , • . : -I. -1. 2 cl 1 - ' - ;-,.; , ,-- ' 6. A. HOFFILIA - ~ , FIRST PURIM ,61014T..401 wito.r.g i a MAkG7FACTORY, AND GENTLEMEN'S FURNISHING EMPORIUM, • BILMOVED FROM 1506 . AiGli STBBBT. TO TA WV. vioki... Fib AROWSTRATET. - S 2. icao-rom • wen, ...,. ~, ....._:w. - .....-. .1.14.. • k 7 --`..... ptam _s : uespinFAcTir s • 3 41 7 ,_ _peen , "tillit4V& riu let? °bp Ruilr Mel they ' WA ii'Wegaty fifth * Abe. - - 'constantly iftilift • NOVII,TIES XORI GISCL.ILSWIS ,gb MT.& RENTLMILINTERNMaIwo sTO% litOiAlefkinU T4 r .1117-13 our doo below the Clontinentii LARGE :A.I3BOUTALW - OFtTilkill• . BAXCIAM. . • • • ‘' • ..te . .1 . 1009KP WHOLlngil I.IIIDRITAIL DEALER EN -. Bo 4,0511 ARCH IltreeW &fond Dobeatincti • - i• •-• • EiontlrSide. •. Tiaattialon,' tte •Rolle le; • krilla • ,• ArfD. TAM lID ; - 143SORTM3IIT. 071- t 4 AVER. it;eisijinCreSt;: - • ••• Binbraelni.alfOrialltiCi,lkont • • 1.1.4 CENTS 'TO TEE FINEST GOLD . "AND VELYMI DBCDRATIONI3. . 4 Aloe, en entirely new article of GOLD AND BILK PAPERS, myl-sinwtt roar =Fry= S . lI.OLTSMA.N Sr.. CO., ' 140. 257 BROADWAY, NEW YORK., IMPORTERS OP • MEN'S 411crT ‘7 94134; GERMAN DitEme, G;ODS, LACESI6 DRESS TRIMMINUS, to which they num THE WHOLESALE TRADE. • 17148 m A CARD TO THE PUBLIC). CONGRESS SPRING. . . . WATER DEPOT, 9$ CEDAR STREET, NEW YORE. BAHATOOI. July. len AA attempt has been made to deceive the public by persons offering what they call e' CONaßgee WATen," To m fountains, and at the price of six (I) eentsper glees 'The wholesale price of the genuine CONGRESS WA TEL at New York, being about 7g cents per glass, the imposition of pretending to sell at retail at lees than cost, and without allowance for freight, cartage, or breakage. le apparent: but their probable course has been to empty one bottle of genuine, ccingreitilNater Into ► fountain tilled with theli fresh, and thereby. christening its total contents. We have never sold CONGRESS WATER in fountains, nor in vessels of any other desiglptlol than ordinary. .eked glaze , littlee. 'The omit of eve ry bottle of the gennlsiale branded. And any c o without zw. " BB Ahem words and I. E. tOMALL. letters on the cork c, oiotarrnkFarr—. whether from Am- • • CLARKE & . • • ::. Proprietors of Courage Spring. The following gentlemen are supplied by wirer:Garb' with genuine CONGRESS WATER in boiling:fresh from the Congress Spking: • FRED'ff BROWN, ter. tifth and . Chsetnut 0. B. BIIEBELL, 1410 Chestnut st. • J. C. TURNYENNY & CO., 941 Spruce st. • THOS. J. :HUSBAND, cor. Third and Spruce eta. STEVENS & CO., Continental Hotel AMBROSE SMITH, Chestnut it. CHAS. ELLIS 4 CO., Market et. WYETH BROS., Walnut et WM. ELLIS & CO., Chestnut et. 1e22-1m • DEN:SERVO. ' A moat effective add delightful preparation FOR THE TEETH AND HUMS. • Highly recommended by the moat eminent Dolton and Dentiets. It ie the reset of a thorough coarse of scientific expe riments, extending through a perind of nearly thirty years. To a crest extent In every ease, and entirely In many. IX WILL PREVENT DECAY OF TEETH. It will also STRENGTHEN WEAK GUMS, KEEP THE TEETH BEAUTIFULLY CLEAN, AND THE SHEATH SWEET. See Circulars. Price 111. Prepared solely by S. 'T. BEALE N. D. DENTIST. ) 1113 CHESTNUT St.. Philadelphia, Pa. Yew Nati hr Drnsralete.. • • • RUMMER COMPLICENT;DIARRHCEA, Dysentery; and all disorders of tbe Bowels relieved at once by the nee of Jardella's Byron of Blackberry Root and Rhubarb. Entirely vegetable, emit. taken. t v ik n a, e , 7.1 a. ' ita l. . VIANT r IVIT L i tt l aita ° 6 B t H leßi-lm• • CARD AND FANCY JOB PRINTING, At Up:TA= Ik BAOW ('8.11116. YOU CIIRTAIN GOODS. MASONIC HALL, CURTAINS; ARMY -GOODS. T.AxGorcs, (JONES' HOTEL.) L►TM 142 BOUM THIRD EPTIMET: CONSTANTLY ON HAND, OY HIE OWN biLNUFACTUILI. us°. WATER. ET= Jared's "Email de Porta," for Enamelling This secret of enamelling the skin being only known to Jules Jared. he honorably states that It differs from all other preparatione, being scientifically composed from plants and harmleasgumn, which produce the most brilliant complexion, and give a soft, e eel text ure to the akin, like that of an Infant. • de Paris cleanses the pores (sota those un sightly black worm specks and small particles which give coarseness to the complexion. lied by 'cleansing produces a healthful glow. It effaces. after a few wonke, most happily, all Ream and is especially successful in eradiating the marks left by small-pox. "L'Email de Paris" le endorsed by 11'llo Vestvali. kfre. Waller, and many other ladles in private life. whose commendatory letters cannot be published for obvious. seasons. Jules Jared's_i 'Email do Paris" le not a paint, not a powder, not 'a paste, but a most delicate preparation that gives both the complexion and toxturo of polished ivory to the skin. Ladles sojourning in the country, or at the watering pianos; will find the "Entail do Paris" Invaluable for removing dlecolorations certain' by sun burn or silt air.. EUGENE JOUIN, No. VII South TENTH' Street, be low ChoStnut, le the agent for "L'Email do Paris." Orders by mall should be addressed to JARED & RENE. Importers of "L'Emall de Parte, Philadelphia. ly2•inwg3nifp Vrtss. SATURDAY-, JULY 10, 1804 The Progress of Maximilian from 'Vern • Cram—Him Triumphal Entry into the capital—The Decorat MIIS and Illumi nations—They are alleged Oo have been got rip 'by Order—The Military Situa tion of the French and Mexican A.rnties. The Mexican . correspondent of the New York th read writes a detailed account of the progress of tho new Emberor of Alexia° from Vera Oruz to Mexico, and his reception In thepapi tat We have preferred to extract from his letter, In the first place, a bare Statement of the facts of the reception, and to give, in the second place, his statements of the causes of . its apparent success, which we have separated and Selected from the course of his narrative. TUE PROGRESS FROM NEILL cram. Ho says that the Emperor, after leaving the former city, intended journeying to the capital via Rio Trio. He• changed It, however, to Guadalupe, partly to oblige the wishes of the Empress, and partly to rid himself of the Company and dangers he would meet - with on a passage through Rio Frio, which was a noted resort for/ notorious thieves, assassins, and coal-burners. Guadalupe was, much the most convenient and pleasant. Mr it was far famed. Everybody who visited. Mexico visited Guadalupe. to see or bow before the shrine of the Virgin • there, the 'most costly add splendid throughout the land. It was about two o'clock 6n Saturday, the 11th of June, that the Emperor, escorted by a large num ber of soldiers, and followed by a motley crowd of Did fans, dressed in strange and uncouth . garments, rode Into the town, amid the noise of artillery and the: clashing of musical instruments. After leaving Rio Trio he and the Empress travelled on horseback for six miles, arriving at the hacienda of Zoquiapan at nightfall, nhilo the rain was falling copiously On the 1131 lowing day (the 11th) they again left:for Ayutla and Guadalupe, and it ..was between these two towns that the Indians Rocked to loin the cavalcade, bearing banners made -of palm eaves and calico and covered with daikies and in scriptions in the Mexican language. A number of floral arches were also erected along the road, and on one or two occasions children were sent out with bouquets of fresh flowers to be presented to the Em press, who received theta with great kindness and' evident satisfaction. Deputations of citizens, male and female, left the city early in the morning to reset the imperial party, and, arriving at Ganda loupe at about noon, added to the activity and bril liancy of the scene. • As soon as the cannons of the fort announced the appearance of the Emperor, thepolitical and muni cipal authorities went out to welcome him. The Archbishops of Mexico and Michoacan and the Bishop of Oajaca awaited their-Majesties at some distance from the door of tho church, and on their approach conducted them within its walls under it Mikan canopy The church itself was decorated for tbo occasion in the most complete and expensive fashion, a throne having been . erected for tho sovereigns. The services of the day began by the intoning of the " liomine salvurolyao imperatorein” by Archbishop Labastida and the other prelates present. At the close of the religious exercises the ' ' Emperor returned to the entrance • and passed through to the cablido. Here, In one of the largest saloons, the political Prefect of Mexico, Senor ' 'Willer, of Bocanegra, made a short address of wel come to which the Emperor replied briefly assert ing: his real love for the Mexican people. He spoke with great earnestness, till the eyes of the Empress were moistened with tears. Many distinguished personages, generals, barons, marquises, areh bishops, and bishop ,were present at this , inter . • TWA lartmenerer zrevazx 1 - 11 To THE CAPITAL. ' This took place atlo.oelock on Sunday morning, the 12th day of June. Such a brilliant sight has seldom been seen in Mexico as the appearance of the city on this occasion. The streets selected for the -imperial transit were decorated to the most profuse and dazzling styles of beauty and splendor.. Every building, public 'or' private,.was Closed antlAunak i l 'with fags and banners, mingled 4wilti ,fietOrist - , Ilower.C. Th; b leets and Oldie plaeilreitaiidAi -I soldiers, Pre If fbr the:Must .pori.. - .. ' ettiohiCsaie I -Misdeal 00 anilliqra oilier - - of ; *8 &fig:plants . i bredgbL, Inslanles. '..• Chavehael. 'egia.:Ohasidh... I "towers W #iffrAlly otaallAthilifitheleerthe. ' , Ofirreill . cfnipier Ibinfices:lkelft,fik¢ iii eolidlival . vallitiltir4 T x t il li, litelaciilliAltlieigli:lif the. ' 4 •llKLuare wre raptuously,_ ,andpfirtialts. ..terthe oVt _ ra...,..1 Emprees' ged„ , at many : f , :thesvinildwer .' - -. 'f'•••: '•.".. . • . -. • t ; 4 2. 1.V1E. CIATUEDRAL , • : - ITlsearrlvar.ot.the Emperor Was inadelrknown - by - salvos Of-iattillery from the"front of the Portales, rand sts • he rode along in an open carriage, with the :Elopresstit•his side, the ladies from the balconies ind az.oteas showered down rose.leaves and gold and silVeneaves upon them in rent profusion. Fre quently the streets7aldre so crowded with People thatithe whole cortege had to stop, and then the );fnperor would:1)00%W' emend to the people in the . - streak on the baleenies, and.on the housetops. The "Emperor rode . along the. Calle San •Fraacisoo to Calle" Fotrem, and 'thence dlreat.to,,the,pathedrali 'where the bisbops'isfore prepared to,tenduct.him to the - ...throrio thate.'",ereeked ofer-olfink.'eTinfteronds - getgetred abOSit4le. squere;andlherder et this:- ‘-timd,Wem very lerge.l.+.-: '4 ; 4 ds*r*:•..7-,. 4 .', • .• t ' 111 .INL'hiR PAlLlaile<' . •-•-•- - • • ,;The Empererr:reeilied all ..hisltdherents and • illeisdeafter mass, In 'the imperial palace, and pre isentid '^niose'ooneplcuous among . them • to. the :Eltuptess. - On' several he conferred the' Order 'of --Guadalu , , among °the General MA who has tl e .given - in sadhealon to the empire.' Then ' banquet ;lngand, Meeting began, and •eentinned for the rest of the:day, save during the hours Cifferithe.Emperor ,went out , for an arming ride In the Alameda or. . gore at the end piths city. 'TUE • DRCGRATifiR .A . .ED -/LIATMINATION Or -TIES' . The inumination was the most substantially-sue cassful•part of the whole, demonstration. As dark , 'Omni felLtipon the city, the dwellings off the priool 4011•ticetS 'rarest - once transformed Into palaces - of .light• and beauty. Brilliancy, of .color and affect' ~preialled everywhere. The great square or plaza, in front of the palace was decorated and Illuminated In egeellent style, while the centre of the enclosure was reserved tor the display of fireworks to come off 'at night. The palace Itself, as well as the Monte Pio, Portalcs, Museum, and other public, and pri vate edifices In the vicinity, blazed with lights of every order of form, color, and brilliancy. The Cathedral, with its old towers flashing out hundreds of lights, was the most attractive of all. From its portals, around its corridors, and to the highest pin nacle of its great belfry, innumerable lamps wore suspended, the united effect of so many lights on so great an eminence being more than ordinarily beau tiful. The windows of the towers, too, were all thrown wide open and Illuminated, as were the bells within, which:were kept constantly revolving. and thundering out their rough notes of acclamation. At 8 o'clock the gathering in the square . consisted of many thousands of people. •* • - • - The main street, which traverses the city from the square tot the- Alaineda;{ wail ' the scene of much activity, I?ettutyliond ' attraction. Ail the houses .‘islonglts wholo s iength -were draped with white and • , .*•* lareredrteinsi and from thelwindows, balconies, : - ,ltiell tiaoated innumerable national Saki, banners and ensigns. Hera and there, at regular distances, gigantic triumphal arches were erected, and, though not entirely complete or perfect, adorned with a multitude of green boughs, odorous blossoms and fresh flowers, gathered In the extensive gardens around the city. Exquisite bouquets and garlands, ekillfully worked In, every, style of native art, were suspetidedaround the columns—tributes of ingenuity and of loyalty -of the 'lndian peasants, who had gathered the fragrant roses in the bosom of their tranquil mountains. 'Beneath the gleaming multi :colored light of thousands' of lanterns all these de signs and architectural tr iumphs Were seen to great Thepr pCipal decorations and Ilinmlnattens in the ' Calle de'Potreroand'theiglie'dii San' Francisco— the one beings-continuation of the other—were those of the Girman club,,tbe Waal de Iturbitle and-the residencies of Messrs. Barron and EsearniOn, wealthy residents of Mexico. r The German decorations were got up with all the taste and elegance for which this .people aro so famous-In all parts of the world.: Many of their congratulatory Ineorlptions were written in . the language of " Vaderland.” and most, therefore, have been particularly, pleasing to the Emperor. . Mr. Escandon'S ' bout° wits ornamented by, t.yro splendid oft paintings of Maximilian and Charlotte, very good likenesses, indeed; the production of a Mexican priest i but the whole arrangement was • Sadly botched lir the • 'wietched niannerlin which the house wee illuminated. ,- „The residence of Mr. Barron, on the other, hand, was,artlstically illumi nated. In the centre syere,two paintings more' than teri'feet high, the onerCpresenting Maximilian seated on his throne, attended by figures of Peace and Plenty, and handing to Alumni.° a scroll of the ' COnstitntion. The other painting woe a representa tion of the I;:mpress surrounded by the ladies of the court. The scene along the street. from seven to ten at night,' was snore like the realloatiod of some fairy dream then of anything else one could sup pose. -I had heard a 'great deal of the skill or the Mexicans 'ln preparing Illuminations _and pyre tichnic 'disPlays • but the brilliancy off/he reality surprised me stilemore. The inscriptions wore MI numerous as they were varied In Spanish prose and poetry. -Many also were those,ot thelndlans in the 'Mexican language. Subjoined aro a few which aro valuable to preserve - among' the historical records of the accesslon• of Maximilian to the-throne of Montezuma and Itur bide. They may look odd to English eyes, but when spoken by those who aro properly instructed in Its variations, sae.,it is full or liquid sweetness. ** , 0.4.0'00 <><>ooo**ooo.ol . . • In heel nein macehualmecayo amo qui pie • tlein mitzme Imentillio in Tilmel Tiatoani, ca • ran ittatocatopil in to litiol Moteuezoma., g g.0.0C•f>0•04.<4.0•0•040 0-0.0.0•0<f4•0•0•000000 spl66m The pure Indian race has nothing else to offer thee, oh great prince, save the sceptre of Montezuma. To , oooo.6oo******Ooo**o**ooo..*. Mexicavo, mulzaykrepit tonatleh ohualla itl alxlmatillls In to tootlanehuntilllz. 7.\'lchn • I' oqulnec tlacatn Itolocallz.. , Aub axann xlmo , flax ii i u ul I t . I , ln e a n n e 6 c a o. z i az t l i to z m . pr .a t i l t r t t i x. c ia t i e n o t t l) o n a tv n .6. Bluets. Tlacblelitzln Dros. 4.04.0.0.0.40***04.000000000 0.0,0.000 • Mexicans : From the East came the knowledge of the EVangellcal law ; here they sought to perseouto it. But let us be glad now that from the 81E40 east comes its ()Mance. Let us adore God. T RI: rnooisesiox OF INDIANS. The Indians made a most picturesque, although somewhat strange, exhibition. In front went bands of music playing on reeds and drums; while fast at theirleels eame,numbers of children, dressed up In the most brilliant garments of feathers and span gles, scattering rose leaves and decimos along the %ray. Then Came a number of triumphal oars with girls and boys dressed to represent peace, plenty, the Skin MRECO. dec., strewing the line of march with roses and green leaves. Some of the "big injuns" hurt evidently been around early in the morning ; for they did not keep step very steadily to the* music of the band. This music was simply a succession of the same rounds, slightly varied in their arrangement, pro ducts g a monotonous, but not disagreenbiscolleet. They accompanied the Emperor all the way to the cathedral, where he entered to hear mass, and du ring the rest of the day and night remained in the city, going heavily into pique and other Moore. CAlleit OF TUX RROEPTION'a APPArtiIIT 811001189. The correspondent, speaking on this point, says : As soon as it became generally known In the city of Mexico that "the coming man" had changed the drder of his entrance into the capital, the French military authorities, in connection with the munici pality, began to make extensive preparations for his escort and welcome. The Corporation mot with out delay, and began to vote large sums of money . for a grand public reception, utterly indifferent as to where the money was to come from. The wona" doting people, passive and obedient in everything as they have now become, looked on. In pursuance of the monarchical programme, the Ayuntatitlenth, issued on address to the citizens, inflaming them that "their elected sovereigns" were near the gates °flit° capital, and soliciting them in the warmest terms to perfect their preparations for a brilliant re ception of the Emperor. It was also ordered by the Caine infallible authority—though the command was modified Into the form of a peremptory "request"— that all stores, shops and other places of business throughout the' capital should be closed for the throe days immediately. following the entrance of the Emperor, and that ' the proprietors, with their ,employees, should devote those days to public rejoicings.. This "request," or rather order was in every instance accompanied by the intimation that ell persons not' closing their houses in accordance with the decree would be subject to be mulcted in a turn ranging from twenty-live to one hundred dollars. Under such circumstances, there was a general closing of all places of business throughout he' city.' Furthermore, every householder was re quired, under a heavy penalty, to decorate his windows and balconies with flags or curtains, or With both. Occupants of houses were also threat ened with municipal wrath, if not imperial casti gation—swift, sudden, terrible—if they did not get up illuminations in honor of the Emperor and the "tender mother" .of the Mexiean nation. Fear operated 'like a charm, so that.on the nightocif the " triumphal entry" there was scarcely a house Or shanty in any part or the city that did not show some kind of light. Compulsion and force.were the grand coercive elements of the moment, and, con sidering the rotten !construction of Mexicanldeae, St is not wonderful to me that they prevailed. But compulsion could dot make enthusiasm, and during the whole reception there were but fag viva:. There WaS nojoy only curiosity. The vast ma jority of the crowd id the square were of the lowest strata of 'Mexican soolety—leperos. thieves, Melt,, pockets, andmthers. I observed, as a curious feature of this public rejoicing; that there. ere large num bers of French soldiers thrown in among the Crowd, who appeared, for the most part, to be a jolly set of fellows. Nevertheless, they were all .armed, and they . disposed themselves in such a way among the crowd as to lead one to.suppose that they were there on business more'than on pleasure. Wherever I went :among that vast crowd ',invariably found knots' of armee French soldiers prepared for any revolution ary emergency. In addition to this, there Werestrotig guards of Mexican troops posted inside of the plaza, and around and about the gates of the palace, so that . it would have been utterly impossible for any its- . EaSEin however imams and• desperate, to reach the imperial breast with his deadly knife. To give the rejoicings a piquancy and variety not generally ob; served in other countries on festive occasions, an additional guard of Frenchmen, armed with double barrelled guns.instead of the usual rifle, came on the ground about nine o'clock, and were distributed by their officers in positions of the greatest advan tage. Such proceedings naturally threw a gloom over what was originally intended to be a regular people's festival, and was the reason why there was nothing like joy or hilarity on the part of the ins= manse crowds assembled through more curiosity. THE MILITARY SITUATION-HOW MUCH OF MIMIC° is " rAot 81E1).11 The only States that aro, up to the present time, occupied in all points by the soldiers and emissaries of the Emperor of the. French, arc Mexico and Yucatan, to which have been added or annexed the old State of Oampeachy and the territory of Car men, the only section of the country In whioh there has been anything like as spontaneous pronuncia• ?Menlo In favor of " the intervention." The following States are partly occupied by the French forces in the manner and to the extent here .after mentioned: Vona Cntiz.—Of this State, which is a very im portant one; as being that in which the -chief, sea port is situated, the only portions occupied are the town and port of Vera Cruz, the city of Cordova, Orizaba, Jalapa, Alvarado and Soledad—the two latter places being of no Importance. whatever. Be sides these points there are over' twenty towns in the State—towns of wealth and commercial itnpors tance—not occupied at all by the French, without counting those of minor importance. The Consti tutionalor Liberal forces are one thousand men in Tleconalpam, six hundred men in ThumLuton, . where the Government of the State' is at present Situated, and five hundred in Zacapnastian. PCIA3LA.—Tho city of Puebla and capital of this • State Is the only pointoccupied by the French. Of course tt is the most impoetent ; but thero are some fifty other towns and cities • from whloh it will ho still necessary to dislodge the Liberals before the empire can - be established. The Constitutional forces in this State are from twenty-five *hundred to three thousand men.' A pretty respectable army of gueriilas. . . Micriosoix.—TlCirella, the capital of this State, and the towns along the road to illexico, are now In the occupancy of the French forces. In the rest of the Suite there are Constitutional forces, the head quarters of the Liberal army being at Pascual, which is the seat ol tho'State Government. Store there are a thousand men, under Colonel Rim Pa-. lacios, grandson of the hero of Mexican indepen dence, and one of the firmest supporters of the „Re public.. In times past lie was also FreFident. • GUAN.4./oaTo.—The capital of this State, of the same name as the State itself, is _occupied -hy. the .4 - French, es moll as theeity of Leon*A.ll 4 the rest.of the State Is submitted - 66 Gtvernl, . The - , Governdt:mit loht.hirialf.relgbilM the •ayttg.d QelasiC r where-half, - aliiirt i iitipS in :fit. painter semtqw.elve hundred aw.14018.1.-i-The:eapitat of San Luis Is the only pofritheld bV the:lnvader. The Governor re- Odes irr,the Valle de Matz. The Governor has at. his disposal five thousand welldisclplined soldiers of the national army. To suitnares..—The port Of Tampico is all that the French hold of this State. General Corttnas, the Governor .and commander-in.chief, resides at rilatarneros, where he commands two thousand men, scattered throughout the whole State. susco.--The French occupy Guadalajara, the capital. The. Governor, Don Jose Ogazon, resides at Saguia.' The vanguard of the Constitutional army is in this State, and consists of ten thousand men, under the command of General Lopez Urage. • This general Is reported to have made his submis sion to Maximilian, but there Is ne truth whatever tho ru or. . ZACAT • AS.—The capital Zacatecas, and a igiCe .called Tresvillas, are occupied by the French. The ,Governorlts the commander of the force; and re sides at Sombrerete.. The force at his command is not a very larepthough a compact- and disciplined .Tor me.:--Tbe capital of the Stale, Toluca, is in the mis.sestdon of the Yrench. The whole State is of verylinall Importance, but the Liberals have many guerillas In . .the mountains. The States whiehare entirely - under the Constitul tional order of things arc: Nuevo Leon, capital Monterey, and residence of the governor, and up to within a very short time the seat of the National Government, which has been removed to Saltillo, capital of Coahuila ; Chihuahua, Senora, Sinaloa, Osjaca, Chiapas, Guerrero,:flarango, Tabasco, Baja, California, and the. Territories of Colima and Tehuantepec. The ports of Acapulco and Mazatlan, In the State 'of Guerrero, it,is reported have been occupied by tbe French in small force. The armrof Juarez Is in the State of Jalisco, the headquarters at Sanyula, under Uraga. In the capital of ()edam there are nine thousand men. The army of reserve is in Nen' Leon, with Its head quarters at Monterey, consisting of with thousand men under Deland°.' ' . A Patriot's Platform. lion. Schuyler Colfax writes a letter to his Con stituents, in which he . says : I justify the Administration in its denighWitiii pected traitors and their abettors of the:Olt:4 habeas corpus q for, as I read the Constitution,thia was the express intent of ftstframers, when, in Brae of insurrection, the public safety required it. I justify it, also, in what Ltdonouruled by its eine • rules as "arbitrary arrests el%ind only regret that any thus arrested, agatnsf whom there seemed rea sonable .suspicion, Ilse illershal Kane and others, were discharged without trial. I justify a Butler in daring to hang a traitor in New Orleans, and a Burnside in arresting an influ ential politician for publicly defying and spitting on a military order, deemed essential for the na tion's cause. I heartily rkpprove the President's Emancipation Proclamation, and his solemn.; declaration that no slave of any Stato, whether on the bowler or fur-. ther South, who tights for his country, shall ever wear the chains of bondage. - sin for the most vigorous exertions to reinforce our armies• by the largest posdble addition of colored troops, and only regret that the persistent imposi tion to them by the enemies of the Administration; their Congressmen and their presses , has retarded their organization ; when, had they unitedly aided In the - work and encouraged it, wo might have had,' ere now; 400,000 of such soldiers, Instead of 100,000, and avoided all impending drafts. 1 endorse most heartily the•polloy of confiscating tbeyroperty of rebels volunterily.in. arms against their country; and who, guiltier than the parricide, seek to Involve country. and citizen alike in a com mon destruction. . I am for striking at slavery, the cause of all our woes, and the progenttornf this gigantic rebellion, with - every power under ,our control—war power of the army, the naval power of the navy, and the pro clamation power of, uo President ; and for its final arid irrevocable extirpation froin the land, by an amendment to the Constitution, which shall make that lastrUment, as well as the Republic itself, for ever free ;'and thus, also, obey the Divine iajunc tion, "to break yoke and let the oppressed go, free." I am a'gaipst treason, whether It roars its hideous form in front of our patriotic and gallant armies, or undeuAte roof of our capitol; in the streets of New 'YON dr within the borders of Indiana; and I our against :any severance of the. Union by the sword Of rebellion, by a disgraceful cemprorniee, or by a basesurrender of, the sacred so which so many martyrs for the right have so sadly,-and yet eo bravelytfillen. . And, to sum up, I am for',Abinham Lincoln—the pilot who shrank noon, the darkest hour—and for Andrew i;fohneon—' l lalthful among the faithless fonnd"for".tbe highest offices In the nation's gift, of which,they . are each so worthy. VOl7 truly, yours, • SLUM VLELL COLFAX. NAME L. DICOVELLAVD, Valpfllllll3o, Ind. , NonTnaax PM:IMO RAILWAY.—The corporators of this company aro legion. They comprise the names of conspicuous mon from every loyal State. Among them are Willard Soars, of Boston ; Anson P. Morrill, of Blaine ; George B. McClellan and Georgo Opdyke or Flew York; U. S. Grant, of role ; 3. H. Satterlee, and Wm. P. Smith, of Bahl nsere.; John Bronglt, of Ohio, and J. H. Lathrop and Henry 1). Cooke, of Washington. The road is to commence ate point on LakoStipo• rlor, In the States of Minnesota or Wisconsin, thence westwardly In a line north of .143,1 degrees of WI. rude to Puget's Sound, with a branch via the Co lumbia river, to Portland, in Oregon. Thero are to ho a million Of shares, at one hun dred &Mars each. The corpomtors are entitled commissioners, and their first business meeting Is to be in Boston, where they shall receive subscriptions and elect directors, when the whole business shall ho turned over to the stockholders. The usual right of way, with materials for construction from the soil, is assured. Twenty alternate sections per mile In Territories are given, and ten alternate sections in States. A telegraph lino is also to be construct ed on the route. Tho road shall be commenced within three years, fifty miles per year shall be con structed, and tho whole shall ,bo finished by 1870. Tto route is to boa postal and military ono. Act to be void unless two million dollars be subscribed within two yoars.—Washington Chronicle. volume of letters written by Marie Antol motto, the unfortunate Queen of Franco, will appear in a day or two. They are, we are assured in the preface, now given to the public: for the drat time, with the exception of a very few and have boon carefully copied from the originals in the possession of the editor, Count dillunolstotn, formerly deputy of the department of the Moselle. The correspond- once embraces a period of twenty-three years, from 1770, the period of her marriage, when she was only Moen Tem t 0179 21 a year before her death, The National Flunnees To The Editor of The Press: St it : Can a national debt obliged to bear Interest be easier paid than ono which bears no Interest I Can n man who owes *lO,OOO refund that,amount more conveniently if be meth pay in addition *OOO interest, or if he need pay no interest whatever 1 If a national debt can best ho paid bylnereasing that debt, then Government should issue bonds bearing interest not at then to of SIX, but fifty par cent. per annum ; for as the only difference between bonds and currency Is that the former bear interest and the latter does ants it follows , of course, if we wish to increase that • ifference and make the bonds In the opinion of the* advocates yet :mote valuable, the interest, they call for should be greatly multi plied. Hemel°, Wife gra able to pay a thousand millions on which, interest is duo', bettor than if no interest were - due, then, to augment our facilities for paying, we ought certainly to increase the late . The principal objection to the Issue of currency is that it greatly enhances the cost of living, The baste of i bonds, bowever, instead of obviating will greatly, incr.:late the evil ; for unless repudiation be intended, we have then not only thesie,btsbut also its inteeest to Meet, which - pan be done only through direct and indireot taxes. • Noti•tha effect-of taxes is always to raise the cost of livings .A- heave routs for *000; the tax melt is made led moies titan ueual, to coven which the. rent Is - Altered to 1ii701,; the. ocau, pant, a grocer, te meet the mdded rent, demands a higher per tentage of profits on his goods, not only for this -purpose; lint alBo :to cover the taxes to which ho ' is individually liable, end thus throughout the whole social Structure. Government Is ne gotiating. a loan of twoliunfirml millions to 'run forty years. When Wit fallrf - due, the nation will have paid on ,it, In interest alone, four hundred millions t and the original debt-will still remain un paid. how Is it unreasonable to assert that the taxes necessary to pay sttshundred millions will make the Coat Of living much greater than would ti' o hundisd millions oFCurrency; which requires no Interest, can he recalled almost. imperceptibly over :an indefinite space of time, and which would, long before the expiration of forty years, have mote than neutralized any of its evils by theenormous stimulus it would - have given to'/aidsdeveloping the re sources of the Country 1 ~. . • ' 711 e !Sue national benefit of a currency is to be can. mated by the number of new (fangs which Vs employ- Mewl by itie 'nation can eregtesthe currency represent- ing the worth or value of the new things so created. If one hubdred thousand dollars in "greenbacks" ewe a lolling mill to be created, those "green backs" represent the worth or value of the mill, 'while the mill represents the benefit the "green backs" have conferred. But if that amount of cur rency only augmented what already existed, and created nothing new by which ft might be repre set ted, then It would simply enhance the values of existing things, and 'be of no benefit whatever. Hence, because the sudden introduction of ,a largo ,amount of currency - inflates. prices, It is wrong to ~ say such currency is injurious until time lei been given the nation-to create by its Oln pttiyment new things - for tho additional cur rency to ,represent:' If • we! were a nation want ing in coneeption and the energy to follow out such coneeptions, every adtlition to the currency would beterelya dead weight to that already existing; but as weltre just the contrary, every such addition onlyhelp.e:to stimulate yet more our unborn abili ties • and though the amount we are asked to place may betoo great for our immediate need ' s, yet In a 00Inparattvely short time we could, through an in telligent Use or the enormous natural resources furnished by our country, find ample employment for every dollar. Therefore, it is not hazarding too mush to affirm, that 'Mlle two hundred millions had been currency • of bonds, tile stimu lus given to industry would have created so many new things for the currency to represent the worth or value of, that long before Ahe forty 3 ears were over, the inflation first caused uy the added curren cy would have disappeared, anti the nation been greatly enriched by what the presence of the added currency had created. Instead of which the con tract a loan which: proves disastrous both immediately and, prospectively ; Immediate ly; by withdrawing the means depended upon by the , people for developing and maturing numerOus newly projected enterprises • and pros pectively, by the enormously - increased cost of ilving s eaused by taxes •to fay In interest alone four hundred millions, and then the original debt of two hundred millions more. Though the money so bor rowed is returned, it does not come back as capital reverted In things which would have been of lasting benefit to the people. but Is returned as capital in vested in bonus, which cannot be traveled upon as railroads, lived In as houses, or eaten as food, at least not very conveniently. A man pass cheerful ly 'bee far the use of.a UO,OOO house, because It Is of practical benefit fo himself; but when he pays WO a year in taxes for the non-use of a $lO,OOO bond , lying In anothenperson's trunk, the practical benefit to himself is not very obvious. The bor rowed two hundred millions so returned may be af terwanls reinvested by the people in new created things °senile° themselves, but alien so done, the Money will hare to represent four hundred millions of property, and consequently having a double de , mend upon it, will-command higher- rates of inte rest ler•its .utc, and thereby still further increase r the cost ofliving. Govermient has originated a system of National benks by issuing to these notes for circulation pro ! portional to the amount of national bonds:deposited I in= the public-treasury by these institutions. Now, how.nutelibetter it would have been to have issued these notes similar to the rest of the currency at first, Instead of creating the bonds, and then made the entire national currency ("greenbacks n) the universal bank currency, by taxing the noted Issued by the banks themselves, thus compelling the with &swat of all but national notes, and making the banke as they ought to be, merely institutions for deposit and discount. The national currency would riot then hare been any greater than ifi_la now, but the national debt in bonds would Ineveheen ail' much less as the notes now given to the national banks on deposits of national bonds. -Moreover, as the national banks, consti tuted as they new are, depend for existence on 1 bonds, a hat is to become of them when the bon bare paid I they MUM tail, and thus create a te ble sturbanee in the whole monetary affairs H of:'entry. Whereas, if their circulation had Mesa'.is ordinary national currency ("green s ken they would have been coexistent with the X cerementitself, and any person or copartnership - , rsons, could have transacted the business of banking as free from Government supervision as if thdrbusiness had been that of dealing In dry goods ; foitieing without authority to issue notes of circula- Mb; they could inflict no public injury, and the con eminences of mismanagement would, no • in every other business, be limited to those particularly inte rested.' Compelling the withdrawal of bank cur -rency would diminish that much the inflation of prices by the national currency, for the latter would - simply, 1,11 up the void occasioned by the absence of the former, end thna preserve to that extent former prices. Government, by considering the notes issued oyat to the various national banks its payment by it to that atentpf the national bonds deposited by thesoban s, and then substituting for the notes so issued the more familiar currency ("greenbacks,") would-thereby confer a great national benefit, first by liquidating a large debt, and second by establish ing a uniform ourreney. The banks would lose no thing by est arrangement, for having bought the bonos with currency, they would receive back ex actly what they bad given. It's to be belied; both people and Gorernment have ceased t,o regard a rise In the price of gold us indicating a corresponding depreciation in the cur rency. Eightinentits ago the amount of currency was sixty millioris more than at' present, and the military situation not near so encouraging, yet then gold was only at ISO while now It he 270. The rise in gold has been largely caused_ by Govern ment Bonds. The principal and interest on these are payable in gold, therefore the larger our bonded debt the greater and more frequent will be Govern ment demands for gold ; and according to the de viant', present and prospeotive, for an article, so will be its price, particularly it the yearly increase of the quantity of the article is so slow as to make the amount, as of gold, comparatively stationary. The reduction of cotton manufacturing in Europe, by llberating for other employments a large work ing Claes, has lowered wages or labor there, so that other' than 7 cotton goods intended for the United Stateasuniie made cheaper than heretofore, which .., - c,hers es4lcing mote -than balanced the increased mei, 1' ' Slots given undue incentive ler their insrat. clarorgpes - dot . a s , t , d e p in:i t s - li t e go li d a , r t e he in a c b u u rr n e d d an a t abroad for , ng the use of our own surplus as a substitu , 4 „old. Another reason for the rise in goldeie t t's ts. ulsary payment of duties in that rnliti . • ._b valebt. The payment of duties and .11 ci •..A . .(1 interest on bonds in currency, the -e • ..• c 11 "gold.laws,". and an increased . .utritton , Voreign manufactured articles, are such 'Obvious ramlidies as to sehreely need recommending. Government having received currency for bonds, should pay currency for.its use : otherwise the pre. Beet rate of Interest; instead of six, Is, because of the price of gold, really fburteeeper cont. a year. Op a now interestmearing (Solite( two thousand millions there must be paid a yearly interest in gold of ono hundred millions, which, at the present price of gold, will equal two hundred and seventy-five mil lions in currency the tix-paying medium. Thus, in seven (7) years the ,people must Fay in taxes, for interest alone, two thousand Millions of dollars and still owe the original debt. Can it be dented that the cost of living under such fearful taxes will be much greater than if the whole amount had been issued in currency ? Then the inflation, though great, 'after reaching its maximum, would, by a continued absorption to , support newly-created in• dustries, have slowly abated; but with a continued strain qn the people to pqy every, seven years more than two thousand retirees in taxes, for keeping alive, instead lee liquidating their debts, it will be Impossible to obtain any amelioration. Already the eneete axelbecoming painfully visible. With a our reneyeixty millions IeSE Iliad eight Months ago, the cost of living - Di - trouble What it was then, and this beterssasdollay of the Increased taxes have, been colleeted ...t but , when actually Called in, present priciehigh as, they are, will beiri4lardly any coin- Part o nim In the future. The circulating me 'ontomutty does nvt exceed, if It equals, fiverliFn d Millions. .This 13 made to represent nolOSily I the property of the country, but Mao all tbb, interest-bearing debt, which is alone four timinietreater than the circulation. „is it surprising, Lbw, with:tub - heavy demands upon it, the eireu latiiirefslable to support the berthen, and, there -nine-tea day the knock market shows a steady decline int the value of every species hf proprty, for want of the money to represent anything like Its origitialntalt;vrhlie the money market grows every day Mons aridity)* stringent, under the crying de- Mundi of tialroPerty it tries to reprepentl It le s idleitemesest a national currently can depree elateSzo, Ingsalf the Government issuing it lives, and its pe pie4mre the capacity and resources for creative . n w prOkrty for the surphis currency to represent. The ltitttory of our Continent al' money is a raving eargrunent with the adyoutes of bonds. Strictly , eelsingsthat money never deproolated ; v ii the loran *penile at that time had not-made enough prepVty Thrall the ,new .currency to repre sent, and, theeefore, owing le the surplus, tho pro perty tbat did , estitssom mended much higher prices than formerly • twittl,tim Government had courage - ously supportedsd own currency, before twenty years 'had' etapted., eational energy, would have created so f =Doh' nett prOperty for the currency to rept tient, that all'etimplainta about its worthless ness would Intorneseetshed, and the country been spared. the alprostyrresponslble .bank currency widelValterwefcle became Imperatively necessary, because the new property created exchoded the one Mace* to proffsely represent i but lvhieh cur rency, beingbased on s intlicidual credits, was and is Subject to' '. 0 VICISSiIUiIoS of human forearm, and i thefore opting tlie vital principle of stability, which or national currency has in such an eminent, degree. Our people attach an over-importance to names. They will eagerly accept a gold but object to re sem= a paper dollar from- their Government. Now, Eorli coin and gold aro made from the natural productions of the earth, and neither is of Impor tance as currency until made so by the people among whom• it circulates, so that if the people choose to confer mere importance on a gold than a paper currency issued by their Government, that Is the fault of the people, and not of the currency. No currency, whether gold or paper, ha's any value in Itself, but, is important simply as a measure of value for outer thingss just as a yard measure is important simply as a measure of length for dry goods; and as a measure of' length It is immaterial whether it be made of gold or paper, or a combination of both. Yet, any, one would be doomed insane who persisted that a yard, measure of paper was twice as long as a yurd measure of gold, simply because it was paper, npd not gold, and who would therelore charge ills neighbor with two yards of null for every men. sure of the paper rule. Again, it is argued a paper currency is not equal to Coln be cause ft can be made with greater facility than coin. Tills, applied to bank currency, has force because that currency was often simply menu lectured on e presumed gold capital held by the banks in their,vaults in the proportiortof live to One; but the case is widely different with regard to &na tional currency. Every dollar of that represents an equivalent of labor actually perfbrined to obtain it, over and above the mere cost of Its manufacture; just as a gold dollar roprosonte the actual labor of obtaining and smelting it from the ore, over and above the mere cost or coinage, so that if the mil lions of people who have been actively engaged day and night In prosecuting this war had had the same ardor and energy devoted exclusively during the Same period to extracting the precious metal from its native earth, the respitant large product would have tied the same effect on the cost of living as the issue of national currency has now, but as the uses for It became multiplied prices would medallist as they will now if time be given the people to create the employment, and they can be assured that the volume of the currency will not be subjected to vio lent fluctuations through the action of national loans, for the 'continued uncertainty on this point helps to Sustain the Inflation by preventing °angel isM from embarking In enterprises that mold allfin reducing the inflation. It Is u favorite theory with many, that England's prosperity is chiefly dud to her !lino debt. If so why does that prosperity Increase while the debt .Is being. gradually cancelled I. Formerly the rate of Interest on her debt was. twice greater than now, yet, with this debt practically reduced, as tar its in terest is concerned, to half its nominal value, Eng land's prosperity continues to advance. Because en intelligent, enterprising man, with a borrowed capital of $lO,OOO gets along wonderfully well, though obliged to pay WO a-year interest is that any reason he would not progress better it he had no Internale pay out °flits earnings ? No ono can deplore more than the writer the straits to which our country is reduced by this wicked and unplillosophical rebellleon ; yet, where necessity obliges the acceptance of either one of two evils, it does seem reasonable to prefer the less to the greater; to prefer debt on which there will be no obligations ever falling due, to one that will eventually ruin the nation by Its ever increasing Insatiable demands. Sophists, by fine-drawn, airy reasonings and conclusions, may make their hearers believe two and two do not make four, but practical experience, will soon dispel the illusion. Political economists wedded to ancient theories, may per suade the people that a debt on which- they must pay interest can be more easily liquidated than the same debt on which they need pay no interest, yet time will betray the fallacy of such reasoning, though unhappily too late,„for the evil will have been already accomplished. Lam, air, yours truly, W. IL. WALNUT STRNET, July 14, not TLo AdmlniNtration II Slavery That:veteran Abolitionist, H. C. Wright, contri butes to the Liberator the following list of anti slavery "events" which have occurred since Mr. Lincoln's Inauguration • 1. Emancipation In Western Virginia. 2. Emancipation In Missouri. 3. Emancipation in the District of Columbia. 4. Emancipation In Maryland. 6. Slavery abolished and forever prohibited in all the Territories. O. Kansas admitted as a free State. • 7. Provision made to admit Colorado, Nebraska-, and Nevada as free States. 8. Organization of Melo, aloniana, Dakota., and Arizona, as free Territories. 9. 'Recognition of the Independence of Hayti and I.lberia.. 10. Three millions of slaves declared free by procla matlon the President, January 1 , 1883. • 11. All fugftive slave laws repealed. • 12. Inter-State slave trade abolished. 13. Negroes admitted to equal right) in United States court), as parties to suits, and as witnesses. 14. Equality of the negro recognized in the Fantle conveyances of the District of Columbia. 15. All rebel States prohibited from returning to the Union, with slavery. 16. Free labor established on numerous planta tions in South Carolina, Louisiana, Mississippi, Tennessee, and Arkansas. 17.. Schools for the education of freed slaves in South Carolina, Tennessee, Louisiana, and in East ern Virginia—where, till within three years, to edu cate a negro was punishable with death. . 18. The wives and children of all slaves employed as freemen in military and other service of the Uni ted States made free. _ 10. All.negroes, bond and free, enrolled as part of the military force of the nation. 20. The loyal people of Arkansas, Tennessee, Louisiana, and Florida seeking a return to the Union on the basis of freedom to all, and of the abo lition and prohibition of slavery. 21. The abolition and prohibition of slavery by an amendment of the Constitution passed in the Senate by a two-thirds majority, and' by nearly the same in the House. Lost by,lack of three or four votes, through the influence of Democratic mesa= bens. 22. The nation, through Its representatives in Baltimore, June 8, made the abolition and prohibi tion of slavery the basis of its governmental ad ministration for the future. 23. The Federal Government forbidden to employ any man as a slave, in any capacity. 24. Ono hundred and fifty thousand nigroes, most ly freed slaves, in the pay and uniform of the Go vernment as soldiers. nErialr or m 'II, oC e :L I L P A ),II B I L t• ATE ORATLON (Prom the Tribnne.l That commanders of armies should be theoreti cally acquainted with the art of war, as much as a physician or a lawyer should know with accuracy the science of medicine or the law, need not be pompously enunciated. lint the application in , tended by the orator is that such theoretical know ledge can only be acquired 'at West Point and can Academy. 'Withbe well known to a - pupil of the With the memory of Washington the Surveyor; and Greene the Physician of the Revolution ; Jackson the Lawyer. and Harrison the Farmer, Of the later war with Great Britain ; to say nothing of Scott the Lawyer,Wool the Merchant, and Taylor the Planter, or the Mexican war ; and in mercy sparing the ora-. tor any analysis of the achievements of West Point' in this rebellion, only stopping to say that no West , Pointer, including the orator himself, hah achieved any prominent distinction men in disaster, , who had. not left the army for the pursuits of civil life, tow , could McClellan with Ellsworth, Datilgren,Win-' throp, Shaw, and Wadsworth "yet green in earth," put on record on such an occasion, and in such con nection, this taunt upon the volunteer officers of the army of the United Stateal What should we say as to the propriety of em ploying a lawfir to argue the intricacies of a. con tested land title ; or a physician in the more difficult operations of injecting - the Rio-blood of the young and vigorous Into the Veins of the aged and en icobled, if he, a "Story or a Kent," or an Aberne thy, after having been carefully educated in the rn dimenteof law t or surgery; had abandoned all prac tice of his profession and taken to the- runninvt railroad for a living 1 Should 'went rather employ_ rose farmer or soldier yrith taste and aptitude for law or medicine, who, in the full application of a disciplined and vigorous inteltoct,.had chosen the profession of his love. and spent years in endeavor ing to master its theory and its practice I Show us a man whom God has fitted to organise and command, and wo shall find that he will Illus trate and adorn' any profession. . If a. soldier, West Point • will aid him ; if a surgeon, West Point will not harm him : if a rail road engineer, he will succeed with .or without West Point. But If God has not gifted him with intellectual vigor and forethought, he will not manage a' railroad or command an army, either with or without West Point,ray better or worse than McClellan or Banks. It 11/said that the'pecu liar merit of the Academy consists in training en gineers of ability and resource, fitted for the emergencies of war. This is their specialty. But when Porter's fleet was imperiled in Ahe shallows of the Red river, although surrounded by an army swarming with West Point engineers, the honor was reserved to Lieutenant Colonel Bailey, from the forests of Wisconsin—not even a civil engineer— , to act where West Point failed, and there to achieve the greatest engineering feat of the war. e have no quarrel with West Point : we believe in it, in its proper place; for its proper purposeS ; We would not decry its merits and uses ; we would bare the country cherish it ; wo only desire to re cord our believe, in the language of Sancho Pansa, that West Point "cannot make a silk purse from a sow's ear." Gen. IlleClellan and the King's English Now, we knew before that General McClellan's strong points were neither military activity during attack nor writing good English, and should have made no remark upon the construction of his seri tences,laring mucli more Important matters than his style to look after, had not the Nereid and other Opposition journals, in articles of fulsome eulogy of the 'West Point oration, compared it to "the sub limest periods of Pericles," ' equal of Everett in his most masterly oratorical conceptions," "car rying us back to time times when orators wore de migods." It is supposed that Pericles spoke and wrote the Greek language correctly. Everett certainly, writes accurate and elegant English. We are not inti mately acquainted with the. acquirements of the "demigods" In grammar, but "non Del, non /tontines," "neither Gods „Jeer men," can tolerate such sentences as these of .Melliellan's. "Alas ! our 'nation possesses few ouch eons like true John Sedg wick." "What hare you there; my good woman I" Tomatuses, sir, and rich like." Or this: "For there were many of them who merited as proud a distinc tion as that accorded to the first Grenadier or France, or to e that other Russian soldier who gave his life for his comrade." • " John, how many are there to your olnes at school "Only another little girl and me, sir." Or this : " Young Bayard, so like the, most re nowned of his name, that Knight above fear and above reproach, was cut oil too early from his country."' The motto of the Bayard was i "Sane peur et sans reproehe" "without fear and without reproach," not above fear and reproach. That would imply want of that temptation which the Bayard:B virtue had withstood. When Slialtspearo describes old age as "sans eyes, sons teeth, spas everything," the poet does not mean that old age is above eyes, above teeth, and all else that is vigorous in manhood. Will tile demigod make a note of this I—K. Y. Tribune. The Late Siege of Washington. The military demonstration made by an unknown force of the enemy OnNie outskirts of the National Capital, within the 1 t few days, has come to an end. Thls demonstration did not take the form of anything like an "attack on the clty," except in front of - Fort. Stevens, where some skirmishing de clined the presence of a hostile force on Monday and Tuesday last.. The number of the enemy's force at this point, or at any other, was utterly un known to our military authorities, but It has been subsequently developed that nt this locality It .never much,, if at all, exceeded five or six hundred men. We have received Information to this safect from officers' who have traced the marks of the tin 4oampment of the beflegers ernes their efaslon dur , fog the night of Tuesday last, after the reconuols sane° which ; late in the evening of that day, was ordered by General Wright for the purpose of feel ing tho 'strength of the enemy.- It is, moreover, confirmed by the testimony of persons who hallo come Into the city since the siege was raised. Some slight demonstrations wore made by the enemy at two other points on our northern and north eastern front, but the number engaged In them, or in the. dash made on the railroad between Washing ton and Baltimore, on Tuesday last, Is, of course, unknown, though, from the poverty of their achievo snouts, these cacperative detachments must also have been small. The reconnoissance on Tuesday evening, In front of Fort Stevens, resulted in a smart brush with the besieging patty, who were .easily 'driven by the small body of our troops sent out on the scout, until darkness put an end to the pursuit. Our troops lost about three hundred men in . killed, wounded, and missing, in the attack. The insurgent loss was not so'great, from the paucity of their numbers in the engagement. They left upwards of ninety of their woandod at the house 01 Air. Blair, and a few of their dead on the field. At daybreak yostPrday morning the enemy was no longer visible, and so, for tho present, ends what will pass Into history as the "two day's siege of, Washington," 'which terminated as mys teriously as it began. We shall be ablo to clear up the mystery In a day or two, till which time we re serve tUrtber comments on this suggestive subject. The location, number, and distribution of the other forces engaged in the invasion of Maryland, during the siege of Washington, are unknown to us, and we .presume equally unknown to our mili tary authorities. Further information on all these points may probably be elicited by the pursuit of the enemy, which is now being pressed by the es perienc,ed and gallant troops of the Gth Army Oorps. We regret to state that boibre decamping from the city the "raiders" burnt the country seat of the Bon. Montgomery Blair, the Postmaster Gene ral, and rifled the mansion of his father, Mr. Francis P. Blair, abstracting, it is supposed, the papers and correspondence of this gentleman covering a period Of forty year.—Nationalintelligettcer. —lt is stated that the insurance companies. will not contest the validity of the policies effected by La Tommerala on the life of the unfortunate Madam() Do Peuw. 'Der two daughters, therefore, Annette and Felloitt, girls of 13 or 14 years of ago, aftet laving been brought up In genteel poverty, of the most distressin kind, will now polite into a fortune of £22 , 000 Sterling. - . FINANCLIL _OD COMMIRCIAL. The heavy fall in gold, and subsequently In bread atuffs and produce generally, which took place shortly before the close of business hours yesterday afternoon, is the most gratifying Intelligence it has been our pleasure to publish since the breaking out of the war. Not that it has completely eradicated an evil under which we have so long been laboring— that would require many weeks—but as indicating a turn in the course of monetary affairs which pro noise!' to tide ns over our troubles without any em barrassments other than those which occur legiti mately In the nature of things. To those who had * closely watched the progress of recent financial events, the condition of the country was occasioning no little alarm. That alarm was not without than dation, and we did not wonder to hoar shrewd busi ness men express fears for our ultimate success, more on account of the disordered condition of the finances than upon defeats in the field. Consider ing only the temper of the people and the extent of our population, there could be no doubt of final triumph. But armies alone do not win victories— money, too, must, bo forthcoming. The soldiers must [be fed, equipped, and paid. They must be paid regularly, otherwise there will be dis content in the ranks, and failure will follow gloom. To provide this money, which isoptly called the "sinews of war," and to keep the credit of the Government at par in the face of Increasing and apparently overwhelming debt, require most consummate skill and management. if soldiers fall to come forward, the Government, in the ex ercise of its inherent 'powers, may draft into the service. No such process can take place if the Go vernment finds itself without funds. The combl.: nation that has long existed to embarrass the treasury in its endeavors to provide the means of carrying on the Government Is at last breaking away. The vision which some heartless men had con jured up of high prices and discontent among' the lower class has been dispelled. It Is a fit subject for rejoicing, as indicative of a clear sky and bright prospects. It has been generally known that the capitalists of New York, and we regret to say many also of Philadelphia, bad combined, many weeks ago. In a scheme of selfishness and crimlnalty, to raise the price of the necessaries of life that stands without a parallel in our history. They had bought up almost every conceivable article Of daily con sumption—floor, pork, corn, whisky, beef, naval stores, sugar, coal, molasses, etc., and, having se cured full supplies, put their own prices on them. - The banks of New York, a day or two ago, resolved to act. the part or patriotism, and well did they do it. They refused any further discounts to the men whom they had reason to suspect wore engaged in the speculation in produce. The con sequence Is that which was expected—a downfall. In prices, entailing loss to the speculators and gain to the consumers. No person who thinks well of his country can regret this panic, for it is full of hope for the future. We cannot.withhold the mood of praise from Mr. Fessenclen In bringing about, to' some degree, this turning back of the tide of specu lation. A few days ago gold reached 280, on Wed nesday its highest figure was 273, on Thursday 270, and yesterday at noon it was sold at 215. Later ad. vices from New York quoted gold at 237, with a con sequent decline of $2 per barrel in flour, and other articles of produce In proportion. The stringency in the money market which has been Itschief characteristic for many days'past was suchls to occasion much Inconvenience and em barrassment. This stringency was occasioned en tirely by the speculation we have alluded to. We may mention, as an illustration of the sharp de mand for money in the general merchandise as well as produce markets, that SOO tons British railroad iron sold in New York on Wednesday for ready cash at 0130 IR ton, currency, the same In quality as other importers were hoarding earlier in tho day for the equivalent of $154 currency, taking the rate of gold at 270 WI cent. In another instance 8 id cent. a month, and 1 cent. commission were offered and refused for a cash advance on certain articles of produce for thirty days, with. what is Called a good margin'on market prices. • Now is the time for people to help the Govern ment with their money, and whoever 'is able to di vert his capital to the service of the Treasury should do it. It is right to force a bank contraction, and crush speculations stimulated by bank loans. Mr. Fessenden can do It by a popular loan, and the peo ple can largely aid him by lending the Government the money now bearing smaller interest in other directions. In view of this policy, it will be safe for people in debt to be careful and for those i out of debt to keep out. )I‘,The stock market, with the exception of some of the "fancies,• was in better condition yesterday, aid we notice a general improvement in prices. Government'loans did not show a sympathetic up ward movement : for the reason that the people are awaiting the result of Mr. Fessenden's negotiations ith the Now York bankers. It may be that the Secretary will not yield to the wishes of the banks in the matter or making them' depositories of the publio moneys, as are the national b:mks. -They ap pear to make this a consideration quid pro quo for their loan to him of $50,000,000. If Mr. Fessendon should decide that the present laws of Oongress do not authorize him to place .the State and National banks on the same footing, it is probable the banks will withhold their loan. In that case, the Secre tary will appeal to the people, as we think he ought to do. Experience has shown that i am Secretary has failed to get all the money ho neEded when he ap pealed directly to the people. The Immediate ten dency, hoWever, of such action would be to lower the price:A of the loans already on themarket. This is our explanation why the Government loans are about stationary at present. The following table shows the changes in the leading securities since our last reports. The quota tions are based upon the latest sales : ADVANCED• - - ' DECLINED. I, USSIE tf US 5-33 s City es (new)• .... :,•••• -4,Readinti R..•••••.. ' 24•%#.: C.m & Amboy& 'W.... 34•Satiquenanna Canal....hi Penne R 34 • Cataprts*a preferred..•• 1, • Cetewisse. c0mm0n..... 3S. • hltnebill Leh ttylkill ;Vr FpUST Co • - • Big Mountain Coal Green Mountain Coal.. X In the oil and low-priced mining stocks there was a fair amount doing. We attach the closing quota tions : • Bid. Ask. Bid. Ask. Fulton Coal • 9 ah inn Creek 5g 6 Die Alt Coal 7% 5% Maple Riede Oil. 10% 12 NY & 3116 C F.. •19 194 McClintock 0i1 ... 4% 4% Omen Mt Coal.. • 5.i 6X Pa Petroleum Co.C • 3• New Creek Oil •• • 31 1 Perry Oil 43 .. ‘ 5 Feeder Dam Coal % 1 Mineral Oil • 1* 2!" Clinton Coal-- • J 34 Organic 0i1X 134 Amer Kaolin 2% 8%1 Irving Oil ' 2 4 Fenn Mining.... 11) 104 Bcalere.otil 16 21 Etna d 0. .... 13 16 Keystone Zine• • • 2 2Y Ptila&Boatoudo. •• • 3 Densmore 5 5% Mandan do ..... .• ' 4 Dalzelt 011 -5% , .. Marquette de.... .. 4 atcElheny 4% 4% Connecticut do . • 1% Roberts 0i1......:.3 Alsace Iron 1 14 ..... 14 The Erie Railway Company has daelargd a semi annual dividend of 33 4 ' on tho preforred and 4 per cent, upon the common stock. The earnings of the Erie Railway for the month of June were: 10,021,97.1 61 Increue STOCK EXCHANO: BEFORE 900 Densmore 011 43 D.O Ph la & Erle.H Si 200 Deeding D. ' 663 DX) do 66X DX) do 2days.66X 400 663; Iro . do ' 67.4 GO do baint-67;1 BOARD. 2.33 eenna R lota 79 ' 100 N'th Penns R. blO 31 100 Cate R..bs. ..pret _ 40 4000 US e'n 6s '3lcash 103 X 2000 do cash 104,.. 4 ; WOO do ..... ...cash 1113-4 10 J S o 20 Bonds... 1 04 4100 do 104 5000 o d 101 460 do inloos 1043 i 500 OM do • 101 in 100 s WIN do 34 ,CO do 104-4' 9000 do 04 000 do 1 mei SD) do 104? 4 5040 de...ess 104 100 do . ... . ...,reg Ir4M 5000 Cam&Am rot 65 99 116 X ' BOARDYi; 100 Philada & Erie R. 33 1000 do 33 1 do b3O. 13356 5 do 33 100 Penns R . 73 BOARD. • I 003 BS 5-90 bonds ..... 1011,i I 500 U S Coupon 6s '91.11M3: 1 100 Fulton coal 9 BOARDS. L 35 Minehill 62 5 ; 100 Reading Sdys. 62 700 City 6s new.. 1061: I/Reading ho).. 66 • 300 Bowing° .. si 41100 Densmore b 5-. 5 . _ A .100 Cat issa—c ota.. 20.1 ilof)Sn banns. Cid, • 20k 1200 Penn tiling , ..... . 10. •: Perry il 6 100 McClintock 31 1200 61cEl he QY 4): 1 110 Reading 64S' IVO Penn Mining. •b 30.. 10)s ,400 Green Mt..... Jots.. 6.4 14130 Excelsior Li: • TIBB7. 20 N. Rentocki Wk. 116 2,5 llorria Canal 01 WO Big Mountain ...b.90 IDOloil Creek 636 BX) 31LCIIntock 011.. •• • 4% 100 Mineral Oil 2 930 PO.Ua Sr Oil Creek • • - 1 Ul3 do 100 do ICO' do • 1 ICO Echuyl Nay....pref SS AO do 103 o Beading 11 Presef 6166%% 100 d .100 do b6 . 1c1ut.66% 12 Penns R 72% 70. do 72% 25 do 72% do - 2% 9 do 72% • 'BETWEEN BYO City as over "i0....101 1(0 . do • 164 • 1010th & llth-gt. R... 49 100 BndingB7 .00 R • 62% SECOND 11 S 6.23 b0nd5.•..101.141 IMO do 10336 GOO do • 104%1 . APTEE. 4C( 1 0 S 5-20 Bds.lton .104 40W do—Mondny..lo.l 'IW do —Monday —lO4 100 Cataw R. -b.50. rret 4051 3WO City Gs. • ... •xie w • .106 h 60 Lehigh, &v 6814 ICOSchuyi Nay . ..pref. giN KO Soso Canal Bonds-. WS ICnv prof ' S7,V 6(0 U S 6-206 ReadinglW 653i KO Keystone 2} 1 4' CC(O 5•20 e 103i' 100 Re ading R 65:4 2(0 do 663 j ICO do slO.. 653‘, ICO do. ....... 65 =MOM CLOSING Pak. . Bi Ask.l BM. k, 0 S 6s, 'Bl .. , . • —lo3 d. 1C3% iNPa R 6s wig As ius UST 7 3-IoNoteslo6 106 Catawissa R. Com. 19 20 Phil& 6a, int off-103% 104 I Catawisea Prof... 40 40 Phil:sag, new ..• •116% 106% Phila & Rrie R••• •33 833; Penns 6s 1001' 101 Oil Creek C 0...... ag 634 Reading R G).% 66% Big Monntain S s 3 Rend bit B. '7ointlOS 110 121 and3d-street.R. 71 74 Penua li, ex dis - . 73 •73 6th and 64h-at R 2. A/ 64 Pa R2dhi 6s toff 119 ••• 10th and 11th-st R. 43 63 L Schny R. : ...... 46 46,%'131.14 and 15th. st R. .. .. Morris Cl, Cons , 913( 92 117th and 19th-et R. .. Morris CI, Pref..l9 141 Spruce and Pine.. 40 45 Schn y N Stook— 29 30 Cheat and Walnut 60 61 Schu' N , Prof... •17 37%' West Phila 72 7230 Bch 2. 68, ',s2,Lnoff 03% 94 Arch-street. 2S 31 Elmira R 34 36 Rase and Vine.. .• 10 13 Elmira 12, Prof— 61 63 Green and Coates: 38 9 Long Island R.— 4:5 4S Girard C011ege....• 30 32 Lehigh Cl & Bay S4} 135 Lombard and Sth• 20 9 NPa R ' '3.3 MX Ridge Avenue.... 11 19 DroXel & Co.lllloto ,Government securities, fa., as fbllows : . New United States Bonds. 1881 103 r New Certificates of Indebtedness °331 54% New United States 73-10 Noteslol 11:45 Quartermaster's Vouchers . . 90 091 Gold 246 12341 Sterling Pocci- mike 263 372 ' Vive-twenty Bonds 101 101 g • Tho following shows tho amount of coal trans ported on tho .Philadelphia and Reading Railroad during the week ending Thursday, July 14, ISal : Prom Port Carbon From Pottiivtlle Scbuylkill lialron.• • Auburn Port Clinton ..... " Harrisburg and Dauphin total Anthracite Coal for week Bituminous Coal from liarrieburg and Dau phin for 'week Tot al of all kinds for week.... Prev I ously sear Total ' 1.767,992 06 To sun aim last roar 1 717.312 01 CENTS. 1869.- , A - 0,117 99 1 99.51,627 62 SALES, JULY 15. 100 Rending R.. .....alO 67 RO do MO 673 S 10 67 IDO OO d d o 657,1 9 9 0 d OO do o Wel 67 67x 300 do b 5 67 Toni. Cwt.,. 2,659 13 150 15 • 9,176 16 4,5ai 02 5,937 02 113 LI? 86,960 12 1,741.031 14 TIM WAIL rums's, (P ÜBLISILED wzmu.y.) !at WLV. Palms will be sent to sabscribert by malt (per annum in advance), at 08 Three copies .... 08 FIT. ........... . . • • ••• • • 4.4 •• • • I* *4 *4.4 8 00 Ten ............ ......... . 15 0$ Luger Clubs than Ten will be charged at the Mee rate, et 50 per copy. The money must attoarm acommeany the order. and In no instance can these terns* be deutateafione. as Ma aford very Mils more than the eon of payer. Sir Postmasters are rearrested to lit u agents fit Ti Wax Pam. * To the getter-up of the Club of beat or twenty, al extra copy of the Payer will be given. The following shows the SehuylkfW Pfevlgation coal trade for the week ending Thumbly; July 11 1804 : FrAm Foil Carbon Your ..... " Schuylkill Buren " Port Clinton.— Total for Week...—. Previously ttria year ______ To the mime time Tact year • 5[94.7 ti CO• The shipments -of Pittston Coal by tho Pommy!. ' vanla Coal Company for the week ending. July 9 - were: Per.the Week. For the Seasou Tons. Tonx. 1.519 12.5.113 1%780 1111.811 By Railroad By Canal.. To Total M 20,369 e date, I ' Increase in 1564 107.845 r The condition of.the banks of the three principal cities of the Union Is exhibited In the following ta ble, which gives the aggregates of their last weekly statements : I • -•.-• .- . Loans. i Specie. ICtrclat'n Depnslt.g. N.T.',.htlY 9 9199,977,002 21,084,011 - 4,690,107 164.72:077 phib i a n lyn ..., 40.317.527 3,949,106. 2,317,631 37,612,423 805t.;013...-11 .•106.430.666 6,301.2 0 0 0,930.449 3t.269.918 • • • -- T0ta1..., --I Last tre e! -_---..- 1130 6 ,6).124131.315.211 16,977).267 2 , 13.014,346 3C6.157,377131.453.135i16.161.896.722.845.156 Increase in !tang 8011.947 Decrease in specie 117.904 Decrease In circulation 453.309 Increase in deposits 18,753.(160 The State of Connecticut will soon.be In the mar ket for a loan of two mills on ten-forty sic-per cent. bonds. The returns of the Bank of England, for the week log June compare with the statement of the pre vious week as follows; Jane 22. Juos29, Pnblic deposits £9,257,594 10,213,535 Other deposits 13,951,661 12,801,N4 Government securities 111,122,257 11022.257 Other *enmities • 2117'29,589 22 078.611 Notes in circulation 20,172.730 20,512,,925 Specie and bullion 1-1,819.001 _14.197,82S The weekly return of the Dank of France, as made up to the 30th of June, shows. the following results (the exchange taken at 25f. to the pound) :--- Coln and bullion 8111, dieconated.. liex - ease Private deposits , Increase 810,000 Treasury deposits Increase 640 003 There Is a great demand for money In Path', partly in connection with the large payments for silk usual at this season. A heavy amount of bills also falls due In France at the beginning of 'July. The decline In the coin and bullion, however, is un important, the Bank of France having obtained a supply of gold In London. The following were the quotations for cotton at Memphis on the 6th instant : •$L 40'Low middling $1 35 • 1. 3310300 d ordinary 1 25 • 1 SSILow ordinary 1 ZS Good middling Strict middling ?diddling Weekly Bevies* of the PhDodo. Markets. JULY 15—Evening. The violent fluctuations in gold has had a ten dency to check business, and the produce marketS have been unsettled and dull, and prices are droop ing. Bark Is scarce, and in demand. Breadstuff, are rather dull, and prices are lower. Cotton is dull, and rather lower. Coffee is firmly held, but the demand is limited. Coal Is In demand at full prices. Fish and Fruit are dull. The Iron market is firm, but the stales are limited. Naval Stoma are scarce, and thinly held. , Linseed Oil has ad vanced. Lard Oil is also better. Petroleum IA less firm. In Provisions there Is less doing, and : prices aro drooping. Seeds are' in demand, end Timothy has advanced. . Sugar Is firmly held, but the demand is limited. Whisky Is dull, and rather lower. Wool is firmly held. Holders of Flour are not so firm in their views, and were anxious to, sell at lower prices. About • 10;000 bble sold, mostly extra family, at 811@12.50; for low grade and choice, including extra, at slo@ll Iftbbl. The retailers and bakers are buying mode. rately at from 89@10 for superfine, $10.4'11 for extra, a11@12.50 for extra family, and 813 Wt bbl for fancy brands, according to quality. Rye Flour Is scarce, with small sales to notice at $8.50 bbl. Corn Meal issearce and firmly held. Gnerw.Wheat Js in steady demand, witliaaleir of about 80,000 bus at 250t3270e bu for fair to choice Western and Pennsylvania reds, closingdull at 250 a, • and white at 270@280c be, as to quality. Rvels' ,cafes and in demand, with small sales at 175 c 71 bus , Corn is in fair demand, with sales of 24.000 bus of • prime yellow at TiOe 1 be. - Oats are rather with sales of 35,000 bus at 95@100e ha; the latter for heavy Pennsylvania..,; PROVJSIONS.—The market is very quiet and the transactions are limited, and prices tending down ward. About 500 bbts Mess Pork sold at 54.41/40 per bbl. -Mess Beef Is selling at from slBo3o s per: bbl for country and city packed. Beef Hams are quoted at $3OOll per bbl. Bacon - is less active • - sales (pinatas are making at 21C4c for plain, and ng.lic per lb for fancy bagged ;Sides at lige, and Shoulders at„ lOgglie per. lb. Green meats are - scarce ; sales of Hams In salt and pickle are making at 101.,;020e, Sides at ltQlegc, and Shoulders at 15V155 c per lb. Lard 15 scarce. and prices are lower, with sales of 1,500 bbls and tierces.at 17§20e, closing at the former. Buthirris it. fair demand; • with sales of solid packed ht .25."4;25e per lb. Cheese - • Js scarce and firm, with Sales or NOw York at lOR 21c per lb. Eggs are sedlibg at 25c perrozen. Mx.rsz.s.—Plg Iron is firmly held with sales of anthracite to notice at , ?65a70 per ton for the three • numbers. Scotch Pig is selling in a small way at 478 Ci SO per ton. Manufactured Iron is in demand and selling at full prices. 'Lead_ is scarce and 'Quoted at sl6@lago per lb. Copper Is rather dull ; • small sales of yellow metal are reported at 44. e per -lb for sheets. BARS.—QUA=ItTOD is scarce:and in demand. with sales of let No. lat 850 per ton. Tanners Bark is unchareed ; small sales i of Spanish Oak are making at 120 r per cord. , CANDLES.—Ailamantineare scarce and selling in a ocean way at _l @y3oo per lb for short weight. Tal low Candles arc In steady demand. 'COAT, is in good demand at the advance. Cargo sales of Schuylkill are making free on board at Port Richmond at $10@10.50 per ton. Most hold ers now refuse these rates. • COTTON.—There is very little doing in the way of sales, and prices are rather lower; 150 bales of told dlings sold at $1.63@1.70, closing at $1.6561.68 74 16 cash. COFFER.—Rolders continue ft.-m in their views, but the demand is limited ; small sales are making at 48CSOc V It fbr Rio and Lagnayra. DRUGS loci) Dv - Ea.—There is very little doing, but all kinds are hold firmly ; a sale of Soda Ails was made at 6c V it.. Indigo is%very scar •-•-, sales of Bengal have been niadOit - 61.25.. FlEN.—Mackeretare dullillfdlliere is : 41 +. • doing ; small sales from Stc,reirra - makin 'a .'• •• t for No. I ; $12.60614 for No. 2, and WI 3 V bblfor - • medium and large No.- as. Derllbg scarce. • New Codfish are selling at ige rI ft. FEATHERS are very scarce, and good Western axe worth SOc V it. FRUlT.—There is very little doing in foreign. Oranges and Lemons are freely held. Green Apples are selling freely at $433.25 341 bbl. Dried Apples ere selling at lo,q@lige fl it. Dried Peaches are scarce, and selling at 13 1190 IL for quarters and halves. FREIGHTS.—The offeiing7 to Liverpool are light, and the rates are unchanged ; we quote Flour at 2a 6d bbl, grain 4;6d gt bushel,.and heavy goods at Theirs ea 31 ton. Wept India freights are quiet. Two vessels were taken to the north side of Cuba at The. In Coal freights there is very little doing. trAwols firm ; small sales of Peruvian are making at $1.50 31 ton. HAT is better, and Selling at 5251230 V ton.. HOPS are in limited demand ; small sales a first sort Eastern and Western are making at 25 , &304 11 .- Ll33lBEB.—There is no' chance to notice. White Pine Boards are selling at 131032, and Yellow Pine Sap do at per 3I feet. Hemlock Scantling is selling at $1.84§10. MoLAssEs.—The market is firm at the advance, but the demand is limited. Small sales of Cuba Muscovado are making at 100@105c V gallon. NAVAL STOilli-'q.—ROSIEI IS scarce, and selling Ina small way at $-154350 bbl. Small sales of Spirits of Turpentine are making at eV 00@3.70 V gallon. 011.s.—Lard Oil is firm, with sales of No.L Winter at el 00a1.05, and Spring and Summer at $1.50, cash. Fish Oils are in good demand at full prices. Linseed Oil has advanced, and sells at $1.75@1.50 ty, gallon; solid oil Is selling* at 513614 la basket. Petroleum Is less active, and prices arc rather lower; about 2,500 bbls sold at 535§55c, for crude. 58@90e for refined - in bond, and 05@l00c V gallon for free, as to quality. COAL OlL.—The following are the receipts of crude and refined at this port during the past week: Crude 1,510 bbls. Refined 2,382 bbls. PLASTER is rather lower; a sale of soil was made at e 4 5065 V ton. • BICE IS very scarce, and prices are firm ; small sales have been made at 14@itNe cash. Seaus.—Oloverseed continues scarce, and in de mand, with small sales at $901.50 V 64 its. Timo thy has advanced, with sales of 3,500. bushels at 541.25 V bus. Flaxseed sells on arrival at 43.50 V bus. - Srinrrii.—Forolgn Continuos very firm, but the sales are limited. N. E. Rum is held at Mae V gal lon. Whisky is rather dull sales of Pennsylvania and Ohio bbls are making at 160 c, and dark pack ages at 175 e V gallon. SALT.—The market continues. firm, but we hear Of no arrivals or sales. SVOAR.—Holders aro very firm In their views, and prices are well maintained, but the demand is limited ; about 600 hhds of Calm sold at from 20,‘,;@ 23c it. TALLOW is firm, and prices aro better, with sales of city-rendered at 16Q10c, and country at ISc 11 1, cash TORACCO.—There is very little doing in either . leaf or manufactured, and prices are without any material change. WOOL.—The demand is good at the late advance, but the receipts aro very.light ; about 130,00* medium fleece sold at 100edlOoillt, cash. VINBOA ft.—Corn Vinegar Is selling freely at ale • gal in bbls. Doom Ann SHOE S.7:110 market still continues dull. :robbers are doing very little, in fact less than usual, even at this season of the year. Manufacturers still keep at work, though they make but few sales . at the present advanced rates. The tendency of prices is steadily upward. The near-by trade still continues fair, but few orders, however, come in from the• country. Dealers are not unwilling to purchase, as their stocks are mostly light. A few transactions among dealers may be noticed, goods. (hanging hands in anticipation of future high. prices. The business for fall. Is moderate, though perhaps it makes up the greater portion of the actual business done. Prices appear a little flighty in some cases, the disturbed condition of publics affairs cans-. ing a want of confidence. On the whole the market is depressed, and though prices are higher, it can scarcely be satisfactory to the seller on. account of the uncertainty which hangsover the future. The follon-lng are the receipts of Flour and Grain at this port during the past week - Flour.. Wheat Corn Cats. THE RECENT 'ADVANCE 1N PRIORS The following is a list of the leading articles. In our weekly review, with the advanco In pricoawhlch has taken place during the past week Advance on the week. Floor, per barrel . $l 2 l 1 50 Wheat, per brishel 25 Corn, per bushel 4 5 ' Oats, per bushel 3 Cone, por pound 5 6 Cold, por ton ' 1 50 . Ng 'lron, per ton - 5 00@ Illanufatuted Iron, per ton 10 00015 00 Quercitron Bark, per ton 3 00 Candles, per pound s Rosin, per barrel - 200 800 Whale ("JD, per gallon 15 31 Linseed OR, per. gallon` 10 IS Criulo 00a1 011, per gallon 4 Refined Coal 011 • 5 la Rico, per pound ' 2 3 Oloverseed, per bushel 40 50 Timothy Seed, per bushel7 s Tallow, por pound 1 'l. sfroz: 841 OU XV 00 r,471 Oa LOSS CO 4.015 oo u5,46.2' OD 3A528 .Decrease .c120,n00 jacreaße :_1,•r41,000 —.11,400 bbls. ...40,600 -bug. .18,900 bliS. bug.
Significant historical Pennsylvania newspapers