II El Gaittts, PUBLISHED DAILY, BY PENNIKAA REED if, CO, Proprietors. I. B. PIIOTNIHAN. JOSIAH SING. p.sorusToN. N. P. REED. !Editors exid Proprietor& OtHETTE 81111. DING, 1108. 84 MID 84 FIFTH ST. OFFICLIIIB PAPER ' h, Alleghiray AlleipuPsy Cousify. CI; rennir—natty. annt-Tireettr. Cone year.,..811,0 0 toe year.s2.so hingleceop ut y...57..W Ono =nip. 76 Six moo— 1.50 !komplex, each. 1.23 Sy the week Thrown°, 75 10 • *" 3 . nt 15 (nom curler.) —widows tange. FRIDAY. DECEMBER 18, 1868. WF. 111113 2 on the inside pages of Ito {rib's Ws Onsfrint--Beconct me: Poetry, lipkonieris, Miscellaneous. Third and sath Papa: cmerdia om, Pincineitd, - Mercantile Andjiiver Hews, Markets, .Thiportt. 'Seventh page: General Misceltani of Interesting 14"409 Matter. • - etOW),'Aosell,# York, yesterday at Sill 'Bovril's from Washington are =favors ble to the passage of the lifourri financial -01 All, or of the partial tariff bill now pending in the House. A WAsirmenoNtelegrara says. that "fug watterinow look, thd tkonthein members hold the balance of power, and are inclined to go for an increase of the tariff." Tailteconstrucidon Committee' ill ree •onunend a new 'election to be held in Miss's sippi. The situation in Georgia is more vrabarrassing, end the Committie haTe, thus far, reachg no decision Ilan it. :.• THE Pennsylvania • Railroad Company 3:tat; benght a nnmlier of 6,mtignons lots of Sand in South Pittsburgh,jastbelow the pas senger, Depot on the Panhandle road, with the intention of erecting thereon a spacious ;wl:rthonse for the accommodation of best. sees on,the South Side. Tire death of Hon. THAnnntre STRYnNa, the brave old Cominoner 'whose memory will long live in the hearts of the people, was i formally announced in the House yesterday' by his successor, Mr. DICKEY. Eloquent panegyrics were pronounced by many of the members, including the Repre .sen*tive from this District, Gen. Jaws K. Iloo,mamer.), after which, in tokekof re spect, the House adjourned without trans acting any business. THE UNION LEAGUE, of Philadelphia, has just plosed tinother year of suCcessful opera tion& With nearly - ,1,800 members, inclnd• fingthe most energetic and 'public spirited men of that city, and with' a balance of 'nearly $16,000 in its treaiury, the League looks back upon a year of the most effective -usefulness in the cause of Liberty and Equality, which owes much, for its last and greatest trlumpb, to the' services , tendered by this organization. • '- 11.1' WAS announced in these colunins yes terclay - that a Convention of the Loyal but -disfranchised men of Western nia shill be held in this - city during the ap. preaching-holidays. , We , trust this Con vention will calmly, temperately; but deci ded;ty urge the adoption of an Amendment to the' Federal Constitution which shall .secure tothem, and, to all this class, in all aiarts -of the. Republic, the same civil and political .rights. that .are enjoyed• by their White fellow-citizens, • _ MB. Gif,onon W. Drrintreor., a young ,gentleman_widely known and esteemed in .this community, was, on•trial in the . Crimi nal Court; daring the past few days, on the • seriouacyarge-of perjury. It is unnecessa ry here to cite the trivial circumstance on which the srave.charge _was - founded, but 4imlyriecessfry to state that Mr. ' D. lies been .acquitted bya jury of his peers; after rigid trial, and the.prosecuting - witness ordered to pay the costs. The vindication is complete, .and the high private chm:acter of mfr. Drat irDGElS left without a shadow of suspicion resting upon it, and his business record las been made clear.- Tim close of the 'reactionary movement atCadiz 18 made the occasion, by all the '4 - popular leaders ir. Spain, for renewing once pore, to - each.other and to the nation, their - termer, pledge• to ,abstain from efforts to in fluence : the future action of the Constituent Cortez They agree to remit' all domestic questions to the decision•of that bOdy, with: out attemsiting, ,for themselves, to give any direction . to its counsels. Precisely the same agreement was made two months eince,hut Patty deliberately *deleted it, and in a mode most obnoxious .to the Republi Can Party. His good faitb.now is therefore -seasonably doubted. Pezractss are Ia ciremiation, to ask Con gress for such a thorough revision o f e ~Naturalization lean as .aball, lat. restrict the power of conferring the .citisenship to the Federal Courts or Commissioners; 2nd. requiring declarations of intention AO be re ;corded in the Coiuta and with the Secretary 'AA State; 84, proyLdipgAor the publication of the names of all applicants, whether de daring intention, or for their final papers; 4th. providing more effective penalties for frauds; sth. *nulling all fraudulent papers, snd; OM requesting 'the re-enactment of a registry-act, to be similar to its tenor to the Act of 1802. • - Portrwat lascrtrazna are much better paid in this country than in England. While their average compensationtere is at least one hundred dollars" , tke_Aveiage Die Enghind does not exceed three guineas, say twenty dollars • in gold. We know, sown American lecturers, some who work for nothing, lane, in . the latest English cat. alogue,' are included the names of five hun- - dred speakers, of whom very nearly one. half are advertised as "unpaid." But the contrast, between the ,two • conntries, is not less striking as to the grade of talent engag. ed, for of the English names not a dozen are known to fame on this side of the Atlan tic. Again, the American lecture is ad, dressed to, and Is heard by, all classes of our people, while the English systeni originated with, andis still c onfned to, what are there termed the "lower" classes, who h ove no money to epaxe. • Tim Legislature of Permsylvanis will commence its next Session Mi . Tuesday the Fifth of Jantutry next. The contest for Speaker of the House has - narroweddown ; between :Mr. Cualix, of Philadelphia, and_Mr. STRAIN', of 'Tioga. 'Tie State Treastirer will he elected onthe Third Tneplayin`lanuirjr, Which will fall on the 18th of tha month, Mr. Inwix is a candidate for reelection. If fie is to have a cempetitor, the name of the individual has not Yet been formally announced. A 'United States Senator, hi place of Mr. BuciALEw, will be chosen On the Second Tuesday after the meeting and organizstiot of the Legislature. If the House shall or ganize within six days after its convocation the Senatorial electionwillbeld on Tuesday, the 19th of the Month. At present, there is no probability of delay ha accomplishingthe organization- TEE LEGALIZATION of specific contracts to be executedin coin is objicted to, in an influential quarter, as of no greater effect to appreciate the value of the currency than the common contracts for the Altus° deliv ery of gold. We think this a mistake... The, one contract is bona fide while the other is a gambling venture. The one is based upon a solid transaction and an actual exchange of solid values, while the other is - notoriously fictitious_ and has no solid bottom except the shatill margin of per cent age which makes the stake gambled for. The parties to the one contract represent the actual capital and property of the country, while the other parties are usually without substantial means. Both parties to a specific contract are committed 'to their preference for a solid basis, while either party in the gamblin controls of a "gold-r6m" is directly enlisted in the maintenance of a fictitious, unsound condition of things. Contracts of the one close engage all the really substantial classes of the people in support of sound commercial principles, while gambling itMeculations, on the other hand, divide the community at once in that regard, and - ensure a large and active influ ence in favor of perpetuating depreciation. Specific contracts once legalized would soon become the rule controlling. the business of the country--and this would be a long step toward a general cash resumption. Are the gold speculations now in vogue leading in that direction at all ? THE TREASURY AND THE BANKS. As far as Governor Morton's proposition expressed the duty of securing specie-re sumption at the earliest day consistent with safety_ forpublic_ and. private- interests, it was very ably vindicated by the ant l& in his argument to the Senate -on Wednesday. His exposition was a convincing one, of the absolute incompatibility beOveem any of the propositions looking to an early return to a suitable basis for the currency and bus: Mess of the country and the"' other' propo sition to anticipate the final maturity of our bonded debt, by proceeding now to liqui date obligations which' are not due for years to come. The country, in providing for its over-due debt, has all it can attend to, with sribmitting.to any premature and need less difficulties. And it is equally clear that the road, which leads straight to the most successful maintenance of credit for that funded indebtedness, is through the restoration of solvency now, in' respect to the only engagembnts which demand it. That branch of Senator MORTON'S plai to which, in common with other jonmqls, we have made special objection—his attempt to separate the obligations of the Treseury from those of the National banks, and con sequently from those of the people at large, in providing for different periods of redemp tion—does not seem, from the report of his remarks now before us, to have received that full conaideration which may have, sat isfied his friends, and, at least, would have set forth his own full statement of the argu ments in its favor. Governor MORTON must ,be aware that, in that partictiliir, his bill does noi l meet the judgment of the public. However predicable that feature of his plan may seem to the originator, it is regarded, in quarters worthy of notice, as a fatal defect, and, unless it be amended, is likely to ensure its defeat. The Government can not have two currencies, one of cash or its convertible equivalent and the other in a depreciated paper. Nor does public policy permit the idea of one currency for the. Gov ernment' and another for the people, equally differing upon that essential ,stan dard.' In more senses than one, the Treas ury and the Banks must stand or fall together, and it is the ability of those cor porations, to meet es the same time their own obligations and the requirements of their customers, in which the. people •are most deeply interested. The business of 'the country would seer, less, were the , case possible, , from a bankrupt_Treasury, / than from the wreck of that financial system which has become part and parcel- of all operations in our internal commerce and busmess. We maintain that neither the Treasury northe Banks should be sacrificed to the other, and that no necessity exists, in the present situation, to contemplate any risk of such an ,alternative. Yet- the Her-. ton bill not only contemplates that hazard, but inevitably ensures Tits most disastrous results. We have no criticisms upon the general scope this - bill. Freed from the (Mee donable discrindnation of