DAILY . POST. PITTSBURGH: MOND: Y, JANUARY 11, 1864 iDEMOCItiTIC PiTATE CENT 14. L COM- 1:32= The Democratic State Central Committee are r•anested to meet at the MERCTIA-bla6 . HO TEL. in the City of Philadedphie,. on WEDNEB' DAY, the 13th day of JANUARY NEXT- at 4 o'olook m. .CILAILLAS.T. BLDDLS. Chairman. STATR TREASURER'S REPORT. We direst attention to the State Trene• nrer'sleportin-to—dases paper; we shall allude to its statements and recommenda tions more folly tat oar earliest oonve• A TREASONABLE PABALLEL. The—Pittsburgh Gazette—like - ieveral other toadies and stipendiaries of the Na tional Administration, on Thursday last copied with approving comments, the North American Review's "parallel," showing similarity between the characters of the successful soldier, King HENRY of Navarre, and ; our Illinois joker and rail• splitter. In our issue of Friday, we too, attempted a parallel, between Mr. LIN• COLIO's public conduct, since he has been President" and that of GmEa, the op pressor of the Swiss, in the days of, Wm. Tzu. The first parallel the &wage con sidered the very acme of loyalty, but oars it denounced on Saturday for being downright treason. It than concladed with the following paragraph "That such fellows as he are permitted to run at large is a standing proof of the falsehood of his assertions. Mr. Lomas doubtless has sometimes erred, as all other men have but none but traitors of the most !indent type, or their most ob sequiout toadies, will ever think of accu sing him of tyranny. His error, when he errs at all, is on the side of leniency." That "such fellows" as we, are permit ted, by our modern Gratin., to print in dependent criticisms of his public conduct, is in the estimation of the Gazette evidence of his extreme moderation. Perhaps it is; but still we are more inclined to run the risk of being arrsted, than to incur the derision of the community, by the publi cation of fulsome adulation, of Mr. LIN cout, such as the Gazette's parallel be tween him and "He..vav of Navarre." These Abolition lackeys, of the Gazette stripe, have wearied of finding pdints of resemblance between the lofty and sub lime cliiiiacter of WASHINGTON and that of Ltscouii the stern, firm and austere nature of JACKSON has, also, been cast to one side, became of its inability to prop• erly illustrate, that of the Springfield attorney. We now have HENRY of Na. erre, one of the most attractive characters in French history, placed upon the car.- van, to illustrate the life of ono whose chief characters are, low wit and jokes of doubted morality. Such au individual is certainly very much like the gallant and dashing Frenchman! The next par allel we shall have for Mr. Liscout, probably, be the renowned Weswics, or the intrepid HENRY the Fifth, of England But, the Gazette, thankful for past favors, with an eye to the prospective, doubtless intends, by its adulation of the President, to make somethinghandsome on the tarn. It expects His excellency, like the Queen of Navarre,with the wandering troubadour to exclaim, "Let me see the oracle that can tell nations I am beautiful;" after this will follOw the distribution of a more substantial reward. At least we think so. The conclusion of the Gazette's observa tion, "making the extraordinary admission that "Mr. LlNcotei has sometimes er red," will we Roar, damage its prospects for future favors. It is downright disloy alty to make such a statement, or is, at least ."fiat burglary," ,The idea of the infallible LINCOLN, the man who com pared an edict of emancipation to a bull "against the comet," and afterwards issued it, committing errors is.-not at all admissible. To prevent soca an abeardity %4rom gaining credence, there should be an inscription upon all his handsome pictures—and they are all handsome— proclaiming his infalibility, announcing, "I am. Sir made, and when I owe my month let no dog bark." After some little reflection, we cannot recall but a single act of the Admistra tion, whioh has not met our entire appro • begon ; and that is the giving of•a big ad• vertisement to the Commercial Printing Company, instead of to the Gazette. The latter already has a Postmaster, and a Paymaster in the army, a United States tax Assessor, and a tax Collector, besides divers other snag places, with rich pick• ing, and we, therefore, consider it entitled to the thousand dollars worth of mail let ting advertisements, given to its Abolition neighbors. This is the only "error" corn milted by the present Administration, and this the Gazette regrets as much as we do, or as anyother loyal patriot in the comma• nity. As proof of this, itcharges the Com eureka with having stolen the advertise ment in question, but we have no idea of that respectable printing company being &dieted to such disreputable practices. That company is too powerful to so soon beome "gentlemen of the shade and min nions of the moon." WHY DON'T THEY OBOANIZE The conduct of the Abolition members of the Senate of Pennsylvania, in refus ing to accept Senator Curare's proposi Lion to organize that body, is but an ad ditional illustration of their utter reckless ness. Theitanate stands sixteen to six teen; Mr. CLYMER, on the part of the Democrats, offered hie opponents the Speaker, provided they would agree to divide the balance of the offices. This the Abolitionists refused to do, and they expect to save their conduct from public condemnation, by stupid charges egainst the loyalty of the Democratic members. But this cry has grown rather stale, and will not serve to cloak the moral treason of a desperate faction, who are willing tdf sacrifice the interests of the State, be cause they are not permitted to fill all its offices. Nor should the Democrittic mem• hers be moved an inch from the position they have taken, npon the question of or ganization, by all the chines of sympathy with treason that hioattow B. Lowetz is capable-of making. That notorious in• divides'''. "tongue is no scandal." The idea that because Gov. Crams was re-elected, his partizans in thellenete are entitled to its organization and its offices, is but another exhibition of Abolition of rontery. Their simple allusion to that INN PITTOWSGR POST k MONDAY MORNING, J'Art7ARY 11, ige44. farce of an election exhibits the extent of their audacity. But even if elected fairly, what then ? Da, s his election entitle his friends to every position in the gift of the Senate? At the present momeot there are at least two Republican Senators, resenting Democratic constituents; why do not these individuals vote wtth the Democrats, if popular majorities are to be considered all powerful and potential When Gov. SHUNS died in ,1847, after being re•elected by over 1'7,000 majority, the opposition did not refuse to assume the cares and responsibilities of his office. It is true, that the Speaker of the Senate was constitutionally Gov. SHUNICS BUM; soy ; we only mention the circumstance to show tha' there was then no discussion rais• ed by the Democrats because of the heavy popular majority in their favor, In New York, last year, the Democrats elected Szvuoru by eleven thousand majority, and carried with him the lower branch of the Legislature. Did the Abolitionists there permit their opponents to enjoy their honorably won triumph? Not they; they bought a poor creature named Cam- COT for twelve hundred dollars, and made him Speaker, beside; did not CAMERON, the head and front of Abolitionism, in this ' State endeavor to corrupt our Legislature last winter, and was he not sustained in his infamy by hts party organs ? Let the Democratic members of the Pennsyl vania Senate reflect upon these questions, and they will be Wetter able to appreciate the Abolitionists' slang about respect for popular majorities. Hour opponents who, just now, monopolize all the patriotism and loyalty in the State, can afford to neglect the interests of the Commonwealth because the Democrats will not be bullied into their measures by cries of "sympa thy with treason," let them bear the con• sequences. Senator CLYMER'S offer is a lair and honorable one, and upon it we expect to see every Senator taking, if ne cessary, a lasting and defiant stand. For the Poet IS HE A. TRAITOR? The Gazette in its issue of the 9th inst says : " Mr. LINCOLN doubtless has some- I times erred, as all other men have, but none but traitors of the most virulent type or their most obsequious toadies will ever think of accusing him of tyranny." Now, I call upon the Gazette to denounce W giroßta, PHILLIPS as an arrant traitor, as he was beard to declare in a speech deliv ered at Coccert Hall sometime ago that Mr. LINCOLN was a greater despot than the Emperor of Austria, or does Mr. Pait LIPS' character as a notorious abolitionist and an accursed fanatio shield him from the charge. What say you Mr. Gazette, t d WENDELL PHILLIPS a traitor LEEPOBT 0 ir THE STATE; CRE &SIT RIM To the Senate and House of Bepresenla tine/8 of the Commonwealth of Pennsy/- GENTLEMEN : In compliance with the provisions of the act of the 16th March, 1832, I have the honor to submit the fol lowing report of this Department fcr the fiscal year ending November 80th, 1863 : On the 30th November 1862. the avail able balance in the Treasury was.. 8/.172,844 10 Reoetpts in -u the Treasury during the Egad year, as follows: Ordinary or general re ceipts $3,959,428 61 Wy'ming Valls: Canal Co's bonds redeemed—. 281,030 00 From banks for payment of int treat on the public, de4t aa the equivalent for coin 9 004 74 Refunded oast • military.. v. 786 46 United States Gov'merit 36,221 84 -- 4.229,451 65 Payments daring fiscal year enjing Nos. 30th. 1863, as follows: Ordinary expenses .8,130.12108 M llita'y expenses 208 674 4s Commission's sinking fund R 58.412 11 Revenue Commissioners... 9.358 42 Available balance in the Treasury Nov; 30, 1863...2,147.33170 By a comparison of the ordinary receipts for the last year with those of the prece- ding year, it will be observed there is a falling off of eighty eight thousand three hundred and eighty-three dollars and sev entyeight cents ($BB,BBB 78;) but the re ceipts are largely in excess of those of 1861. The principal deficiency is in the it.A43l o 4 retailers' licences, though the re cei pte from this source last year were un• usually large, owing to the fact that the payments of outgoing County Treasurers of 1861 and of previous years, made in 1862, were of coarse credited to that fiscal year, and I have no doubt from the same cause the receipts for the present year will be largely increased over those of the past year. The transfer, by the act .of April Bth, 1862, of the military tax to the relief funds of the seberal counties, for the benefit of the iamiliea of volunteers, has lessened the receipts nearly fifteen thousand dol. lore. The item of tax on loans is sixty six thousand dollars less than the previous year. This is owing mainly to the diseon• tinuance by the Pennsylvania railroad company of thg collection of the State tax from their bond-holders. These deficiencies have been to some extent made up in the increased receipts from tax on bank dividends. The ordinary expenses for the past year are in excess of these of the preceding year Borne fiftreix thousand dollars, caused mainly by the increased amount paid for the support of common schools. It will be seen that among the expendi tures of the last year, the abatement of State tax amounts to the large sum of $6O 147 41. The necessity which induced the pas sage of the law allowing an abatement of five per cent. for the prompt payment of State taxes I think no longer exists, and this amount annually can be saved to the State by its repeal. A. prompt compliance with the law requiring treasures to make quarterly payments, will furnish the Treasury at all times sufficient means to mosey its ordinary requirements. The report of the Commissioners of the Sinking Fund will show a very pros perous condition of their affairs. The Commissioners, at their meeting on the 20th April, 1868, resolved to re deem on the let July, 1868, the principal of the loan issued under the act of March 28th, 1881, which was reimbursable on or after Marsh 28th 1861, amounting to . $ 77.000 00 And the principal of the ,foleering loan, on the let of About, 1863: Loan per act Dee. 18th. 1829, reimbur sable Jan. let, 1&54, for '632,749 84 Loan per set March 30th, 1831, rein tunable July lat, 1855, for N' • .. 203.077 08 Amounting in all to ..$963,729 92 and notice was given that interest thereon should cease, from and after the days of redemption thus fired. Great complaint was made by holders of the loan, and especially by the repre sentatives of foreign owners, as being compelled to receive payment of their overdue loans in a depreciated currency. Appeals were made by them to the Corn. missioners to change this action, 'and go into the market and purchase the loans of the Commonwealth as hash been their c ustom. But there being a Jorge surplus in the Fund which could not be invested at or less than par, and as it was thought to be their duty to use this surplus in the extinguishment of the public debt, and having no authority to buy specie; their action was unchanged and the loans paid for in "legal tender" notes. By the report of the Commissioners of the Sinking Fund made to the Governor on the heat Monday of September last, it will be seen that of these loans there were redeemed up to that time the sum of $699,- 086,76, And from that period to the close of toe Meal year, Nov. 30, 1863, 156.3,54 86 Otriery loans redeemed during the throat year 96,176 43 Showiag a deoreaie of the public, debt during the sear. of 951.617 04 The debt of the State, therefore, now stands as follows: Total amount of debt - Vey. 3 1 , 1861 $11,448.21.3 82 ftedeemid during the yeer $951,617 04 Total amount of public debt Nov. 30, 1863 0.496,598 78 This large reduction of the State debt ought to be a source of gratification to the people of the Commonwealth. It shows that but for the extraordinary expenses imposed on the State by the existing,rebel lion we might, out of oar ordinary reve— nues, and within a reasonable period, be enabled to free our Commonwealth entire ly of debt. The balance in the Sinking Fond of the 3 000 (00 loan created by the act of May 15th. 1861, war, at the close of tee presoot fucal year. (Nov. 30th. 1863.) $283, 22'i 19 Received from that date to ...he. 31, 1.116 40 Amount in the Futd Jan let 1861 234343, 59 . The balance le the general Sinking Funa on the '-9th Nov. 1883, was 617.614. 0,1 Reoeivol from that date to Dec. 31.8 t. 349.713 71 167,328 63 Paid interest on oonpons Jan. Ist. 1861. 935,363 31 975 09 63 Under the act of April 3d, 1898, the Wyoming Valley canal company paid into the treasury, on the 30 , .1 of April last, the sum of two hundred and eighty one thou. sand dollars, ($281,000.) with interest, in liquidation of the bonds for that amount held by the Commissioners of the Sinking Fund. Subsequently a decree was made by the Supreme Court of the State, at the instance of the Attorney General, requir ing them also to p,,y into the Treasury the sum of eight thousand four hundred and -thirty dollars ($8 , 490) for the two hundred and eighty•one coupons which, by the first section of this act, had been released to the company. This amount was accord ingly paid into the Treasaty on the 4th of June, 1863. In obedience to the requirements of the act of March 7th, 1861, to change the name of the Sunbury and Erie Railroad Company, and to facilitate the completion of a railroad from Sunbury to 'Eriek.:" I have delivered, on the warrant of the Gov ernor, dated Dec. 21, 1863, to that com• palsy one million of the bonds, as specified in said act. the subject of the pnyment of the inter est on the public debt of the State is one whiob, from its importance, ought to re ceive your early and earnest attention. For the last two ;ears, and including the amount due the j let ins., the interest has been paid in specie or its equivalent through means furnished by the banks of the Commonwealth. In 1882, under the act of April 11th of that year, they were required to puy into the Treasury their rateable proportion of such premium for gold or its equivalent, as had been actually paid by the State. During the last year, under the provisions of the act of January 80„h, 1863, they were required to exchange wi:h the Commonwealth a sufficient amount coin for currency to pay the interest on the State debt; and the State Treasurer was authorized to issue to them specie cer tificates of exchange, not transferable, pledging the faite of the State to return said coin and re exchange for notes current at that time, on or before the first Mondoy of March, 1884, said certificates to bear interest at the late of two.and a half pe cent. per annum. Under the provisions of this act the Commonwealth has exchanged with the Banks - currency for coin, amounting to one million nine hundred and - sixty eight thousand nine hundred and four dollars and ninety-seven cents, ($1,968,986 97,) 'the interest on which, due the banks on the hat of March, 1864, will amount to lin ty-one thousand and forty dollars and fif teen cents ($4l 040 15.1 To return this amount in coin at the present' market rate for gold 051?) will octet the State $1,013.985 0 , 3, which, with the interest the , eoa $41,040 16, amounts to the sum Of $1,055,026 21. This the 4mmonwealth tics pledged he faith to pay on the Ist day of March next. If it be determined to keep faith with the holders of the loans, by paying the interest on the publib debt in specie or its equivalent, and the banks were freed from similar calls, I do not doubt, from the disposition they have manifested to aid in maintaining the credit of the Common wealth, that they will be willing to relieve her from the repayment of their coin for the next year, if prompt steps be taken to provide the means for their re imbarse ment at an early period. But to continue longer this system of compelling the banks alone to furnish coin for the interest on the public debt, is, I think, asking more than they can bear, and more than they can be expected to do. Holdieg this opin• ion, and desiring to obtain for your honor able bodies all the information I could get on this subject, I last month addressed a circular to the banks of the Common wealth, inquiring whether, under the terms of the existing acts, they could be relied on to furnish specie or its exnivalent for the payment of the interest of the next year. Some of the banks that have replied deem it unjust to their stockholders longer to continue this system of exchanging coin for currency, and therefore decline to do so. Others are willing to continue the system - if concurred in by all the banks, and aequired by the State ; but all agree as to the impolicy and injustice of singling out a particular interest in the State to bear all the burden of doing that which equally interests the whole people. They claim that as they furnish an annual revenue to the Treasury of over three hundred thon• sand dollars and are now being brought into competition with another system of banking exempt from a large share of the taxation imposed noon them, it ought to be the nispoeition of the State rather to relieve, than impose additional burdens upon them. It is evident, therefore, from all the in formation that can be bad, that the State must look elsewhere for the means of maintaining her credit. And is it not the duty of her people, in view of her hereto fore well settled policy, to make some sacrifices in order accomplish it ? This subject was very ably argued by my predecessor in his report to the Legisla ture last winter : and fully concurring in hie views, I take the liberty of quoting two or three of the very pertinent questions therein pat. He says : The question generally asked in discussing this subject is, can the State afford to pay this large difference between currency and specie in the pay ment of her interest? Ought not the ques tion rather to be. can she afford toot to do it? Will not the credit of the State suffer materially if she reloses to do it? Ie her credit of no value to her and her citizens? Is the State so strong and powerful, so above any liability of future want, that she can exercise her power irrespective of any effect her action may have upon her credit?" The State, by the act of June 12th, 1840, appropriated a sufficient sum to re imburse her loan holders for the difference in valne between specie and the currency in which they had been previously paid, and then solemnly declared "that hereafter the in• terest falling due on Pennsylvania stocks shall always be paid in specie or its equiva lent." . FAIR PLAY b 462,295 74 6.462,2Q5 5 This is the law today, and for its cb servance, and the maintenance of the present good name of the Commonwealth, no effort or sacrifice ought to be spared. Thegeneral government pays the inter est on its debt' in specie. Massachusetts continues to pay specie, and New York Partially so ; though the system ahe has adopted of discriminating in favor of her foreign creditors I think unjust Some of the States that pay in currency contracted their debts since the seven. aeon of r.pech payments, and therefore boi r ) wed c:irrt ney ; but Pennsylvania borrowod money from her creditors, and she ought to pay them in money. Let us therefore so act now, that in the future it may be-the boast of our honored old Commonwealth that amid all the trials of this eventful period of the nation's his tory, she faithfully performed her whole duty, and came out of the ordeal with un— sullied honor. In another portion of this report the die• continuance by the Pennsylvania Railroad Company of the collection of (he State tax from the bond•holdere is referred to. This is the only company in the State that ever performed that duty, and as I am unable to find any law imposing it upon them, I presume of course it was done voluntarily. It is a fact well known, that a very large portion of the personal property in the State escapes taxation altogether, either through the neglect of assessors or the failure of the owners to report them. And it is therefore surprising that the easy and effective mode of securing the large rave• nue due the Commonwealth for taxes on he bonds of corporations, by requiring he corporations to collect the tax and re- turn it to the Treasury, has not before di . e been nroaided for by law. 1 beg leave, therefore, respectfully to urge the passage of an act authorizing and reqUiring railroad companies and other corporations, at the time of paying the in terest on their bonds, to deduct from the amount due the holders thereof the tax due the Commonwealth, in the same min nor that treasures of municipial corpora tions are by the act of April 29th, 1844, now required to do. By the report of the Auditor General last year the funded deb; of the railroad companies alone, is rtated at seventy seven millions of dollars. A very large propor tion of which, even exclusive of the amount held by non residents esakies tax ation. It must be evident, therefore, that the enactment of such a law as I have allu ded to will produce a very largely increas ed revenue, The act of April 16th, 1862 and the supplement thereto of April 22d, 1863, for the pay and expense of Pennsylvania Volunteers, provided that these claims ahonld be paid out of .the "war loan" of $3,000,000 authorized by the act of 16th May, 1861, and if that were insufficient, then out of any other money in the Treas• ury not otherwise appropriated. The "war loan" is now exhausted, and as these claims it is supposed will amount to nearly $2,000,000, it will be seen that they cannot be paid out of the ordinary receipts of the Treasury in any reasonable time. When it is remembered that all the income of the State except the tax of 27 f mills on real and personal property, is appropriated to the Sinking Fund. and the Commissioners of the Sinking Fund are authorized to transfer from the gen• erai fund an amount sufficient to pay the interest, and redeem a portion of the principal of the public debt annually, it will be apparent that some other means *ill have to he provided for the payment of these claims. There has been for years an unavailable balance in OA Treasury of forty one thou sand and thirty two dollars ($4l 032) of worthless funds, which, by the act of the Legislature of April 19i,h, 1863, the Com miaaioners of the Sinking Fond were au thorized to dispose of, and place the pro ceeda. if any, to the credit of the pink ing Fund. I presume the fear that, it sold, they might find their way into cir culation and thus entail lose on the pub lic, prevented the Commissioners from disposing_ of them as authorized. During the invasion of the State last summer, when the books and papers of the various departments were removed from the capital these funds had also to be removed at considerable coat and in cJavenience. As they are entirely worth lees, I would therefore respectfully recom mend that authority he given for their de &traction. Annexed are tables giving in detail the operations of this department for the last fiscal year, together with estimates of the receipts and expenditures for the present year : all of which are respectfully sub mitted. Wst. V. lideGasys, January "eh, 1864. State Treasurer. THE ARCHBISHOP'S FUNERAL The 'Sermon of Bishop McCloskey, The Final Ceremonies In our second edition will be found the account of the funeral ceremonies, at St. Patrick's, today. Bishop McCloskey enlog;zdd the late Archbishop Hughes in the followiug vein, taking for his text the words :—"I have fought 'the good fight; I have run the race ; I have finished my course. Henceforth there is laid up for me a crown of glory which God, the just Judge, shall render unto me." If ever the words of the living would seem to issue forth or be echoed back from the 'dead, it is new when these words I have jest read em to issue e from the mouth of the illustrious dead (h form clothed in the insignia of office) who now lies before ns. When we shall look in his face once more, we will not give ourselves up to unavailing transportations of grief, bat be consoled in the faith that In has gone to his reward. Oar hearts are bowed down in grief because our good Archbishop is no more ; he who was our tried and trust ed friend—he who stood up before us as our tower of strength, whose instructions filled oar hearts with joy, will address as no more. And we would give ourselves up to griefs were it not that we seem to hear him say "I have fought the good fight; I have run the race • I have finish ed my course ; henceforth there is laid up for me a crown of glory which God, the just Judge, shall render unto me." Oar loss, brothers, is great; how deep —how sincerely felt—has been evidenced by all that has taken place since he de parted-from us. The hundreds of thou• sands who have pressed forward to show the last tribute of respect to his inanimate remains, bear testimony to the reverence borne his memory. After alluding to the death of the Arch bishop, as a national loss, the speaker continued : It was on this day 26 years ago, just after the Epiphany, that this form, now cold and motionless in death, stood up before the altar of this cathedral, in all the fulness of health and vigor, he knelt before the Bishop to become conse• crated to the Church. The mitre was placed upon his brow, the ring upon his finger, the crozier in his hand, and he stood forth a bishop in the land. I well remember the scene— the eagerness to catch a view of the com manding figure and expressive counte nance; all hearts were warmed Emil drawn towards him; every breast was filled with joy and, as it were, a younger life; of his great eloquence, his power in argument and debate, and we looked forward with great expectations to his labors, and we were not disappointed. It was with the greatest diffidence and relnot*nce that he accepted the office, but having put his hand to the plough he never, looked back. He never looked to himself, but always to the church, which prospered wonder full tinder his care' For the last four or five years of his life he has been in feeble health. He received the announcement of the approach of death as calmly aq he would any ordinary piece of news. He spent his last day in meditation and communion. He died full of years and full of honor, leaving behind a record which no prelate of the church in this country ever left before. If ever there was a man who in the character of his life, rose up as if the in• strument of God for the performance of his work, that man was Archbishop Hughes. There is one more duty left to no—it is tO pray for lk soul. We claim for no man exemption from human frailty. He died in the service of the Churet; yet if, through human frailty, there May yet re main some stain on - 'his soul, let us pray for him until he is pare enough to enter heaven,. The speaker appealed to his fellow bishops, to the priests of the church, to the holy virgins, to the orphans, and to the eatholics throughout the church to pray for the soul of the deceased. At the conclusion of the sermon the burial serviceq were finished. Bishops Timon, of Buffalo; McCloskey, of Albany; Laughlin, of Brooklyn, and Bally, of New ark, participated in the ceremonies. In taking final leave of the departed Arch bishop, each bishop passed around the catafalque twice, sprinkling holy water and incense upon the coffin. About two o'clock the wreathe and crosses, made of evergreens and japonicas, were placed inside the coffin, and the bode was borne down the aisle by six priests and placed in the vault. —N. F. Evening Post, of _Friday. Threatened Financial Troubles Washington Correspondence of the N. Y, Herald. There appears to be trouble brewing referenc to financial affairs. The fact is very severely commented upon, that jast as the subscription to the firs-twenty bond loan is about to be exhausted, the Secretary of the Treasury should author ize subscriptions to be received through the Treasury agents to the five per cent. interest, bearing notes, which the credit ors of the Government are eager to re• ceive at par from the Treasury tor all their dues. The negotiation of the loan of thirty five millions from the new Na• tional Banks is also a matter of severe comment in-financial cir Jes. It is under stood that an agreement has been entered into between these banks and the Secre- tary to allow him to retain, for the put- pose of meeting the January payments due the army, thirty five millions of the notes to be issued to them, and the banks are to receive instead five twenty bonds. This will pay to these banks twelve per cent. upon that amount of their capital. This, however, is only a small part of the trouble. Jast before the holidays Congress struck out the bounty clause in the military bill. To induce the Senate to strike it out, the statement was made by Messrs. Sher• man and Feseenden, both members of the Senate Finance Committee, and known to be peculiary friends of the Secretary of the Treasury, that if it was not stricken out the Secretary would be obliged to ask fur authority to issue Trom one to one hundred and fifty millions more of legal tenders. It now appears that the Secre ta3y of war insists that these bounties shall be paid• A bill to that effect has already been prepared, and under the rep resentations made must be passed. This will necessitate the issue of one hundred and fifty millions more greenbacks. The propriety of this issue is, however, sus tained by the statements of disbursing officers if the Treasury. This p3puler circulating medium is deemed by them altogether insufficient for the wants of the country. On Saturday last the Treasur er here asked the Aesistaut Treasurer at New York for three millions of green• backs for immediate net, and they could not be supplied without several days de lay. The opinion has also been express‘d by several members of the finance com mittees of both Houses that the volume i of currency is sufficient for the increase of the busintsi of the country, and, as r a ' addition to it is so urgently needed, . t will not produce any considerable infla tion, and that the advance in prices can not fairly be attributed to the issue of Greenbacks, but is marbly attributable to the other causes set forth in the report of the Secretary of 413 Treasury. For these reasons they are not averse ' to acceding to the propositions of the Secretary of War to provide for the pay meat of bounties, as they believe that the addition of one or two hundred millions to the currency will not materially ad• vance values, at least no more so than the issue of the National Bank notes, for the circulation of which the Government is paying six per cent. interest. Under these circumstances there is no doubt that Congress will authorize immediately an addition of two hundred millions to the non interest paying debt in the shape of legal tenders, instead of relying upon loans such as are proposed by the Na tional Banks at twelve per cent. interest, or by subscriptions to the five per cent. interest bearing notes, which can be paid out at par. A large instalment of the five per cent. Treasury votes was sent forward to day to the associated banks of New York, Philadelphia and Boston, and $20,800,- 000 of these notes were distributed pre rata to •he cities named. Nearly nine millions more are packed ready for transportation, and a large additional amount will go to the banks to-morrow. There has been a total misapprehension in certain quarters as to the recent ar rangemeut for the negotiation of thirty five millions through the subscription agency and the National Banks. The fifty millions taken by the associated banks were first to be delivered to them. No commission was paid for placing them in either case. Sir John Bowring on the War The Philadelphia Press publishes the following extract from a late letter of the distinguished scholar, statesman and di plomatist, Str John Bowling, Sir John Bowring was formerly a Minister to Chita and Governor of Hong Kong, and is at present accredited Hawaiian Minister Plenipolentiary to London and Paris : "We all pray, with anxious solicitude, for the termination of year fearful domes tic strifes. In the propriety of our ab solute abstention I think all reasonable persons agree. There are and must to great difference of opinion as to what the solution of this involved and direful ques tion will be, but I am sure the voice of honest England will be that prosperity may be extended, and peace be restored to the distracted social elements among you. There will be much erroneousjudg• ment growing out of imperfect knowledge, and mutual misunderstanding the results of the locus standi of each; but England's heart is sound towards you, and England's true interests are associated with your well being and doing." TORRENCE—At n3Oll. cn Sunday, loth last , at his reside nae, in Jefferson township, Allegheny county, DAVID TORE &NOE aged 72 years, ins funeral will take place on Tuesday morn init. 12th in et., from his late rot idence at 11 o'clock. is•READER I If your Ihir is turning Grey, It rota Mar in Inclining Thin, If your Unix is becoming Harsh and Dry Use the Rejuvenator, Which is the most satisfactory HAIR RESTOR ER ever brought before the public. Price,_ One Doil.r. For sale by SIMON JOHNSTON del2 Corner of Smithfield and Foulth eta gra() CONSIIIIPTIVES.-THE Rev. E. A. Wilson's Remedy Censtimption. Asthma, Bronchitis Coughs. Colds, and all Throat and Lung Affections, Together with a pamphlet giving the premrin non and a short history of his ewe, can be ob tained of JOBEPI3 E'.L.W.M.I7IIG. Cot, of Marlimtst., sad the Dhsittond.Plttititireh. ian7-2md i - MAIO. BIitIISHEIS AND COMBSI.— * 41 :..-.W A very due assortment of then agielts lost received. Also. a fine rsgortment of ..-Toditi Brushes. Nail Brushes Shaving Broshisk_and mesh Brushes. PUBIC LIQUORS f i tatidlana... i purposes, of the finest ilaildikh con 4, /z ak .2 old Canso Brandy, a 01044 articled 011ano Gin. Port and sherry Wines: ofthe fine*.d.fita o lotion 'I how, wishing diets srtlolas torn:Odle' itial purposes will consult thdrintatest by Emig! icing my stook. , . Pure White Carbon Oil at 50 cents per gallon. Pure White Carbon oil at 50 t , oentS.frer Pure White Carbon Oil at 50 ounts per gallon. Pura White Carbon Oil at b 0 cents per gallon. Potash and Soda Ash. Potash and Soda Ash. Potash aad Soda Aph. Pomo s and Soda Ash. Potash and Soda Ash. Potash and Soda Ash. That for ekoehenoe cannot be excelled At Joseph Fleming's Drug Store. At Joseph Fleming's Drug Store. At Joseph Fleming's Drug Store. Corner of the Diambnd and Market street. Corner of the Diamond and Market street. Corner of the Diamond and Market street. lanll-mkt LONDON AND INTERIOR ROYAL MAIL COMPANY'S CELEBRATED REMEDIES BLOOD POWDER AND BONE OINTMENT. A certain cure for Diseases of Horses and Cattle. known to and used only by the Company in their own stables from 1844 until the opening of the Railway over the principal routes. After the gen eral use of these remedies in all the stables of the Company. their sandal sales of condemned stook were disoontLnued. a saving to the Company al 000dlng £.7.000 per annum. In 1853 the London Brewers' Association offered the Company £2,000 for the reoeipes and use the articles only in their own stables. BLOOD POWDER A certain ours for founder. distemper, rheuma tism, hide bound, inward strains, lose of appetite. weakness, heaves, coughs, colds, and all diseases of the lungs, surfeit of soabbers, glanders, poll evil, mange. inflammation of the eyes, Istria, and all diseases arising from impure blood, cor rects the stomach and liver. improves the opus tits,, regulates the bowels. corrects all derange ments of the glands, strengthens the system. makes the skin smooth and glossy. Horses bro ken down by hard labor or driving, quickly re stored by using the powder once a day. Nothing will be found equal to it in keeping horses np in appearance, condition and strength. London and InterlOr Royal Mail Company's CELEBRATED BONE OINTMENT, A certain core for spavln, ringbolts, scratches lumps, tumors, sprains, swellings, - bruises, foun dered feet, chillblaics, wind galls, contractions of the tendons, bone enlargements, &n. Blood Powder 50c per 12 os, packages: Bone Ointment 500 pert os. iar. No. 320 Strand. Lon don. Mcßeason & 'Soriano. New York. . Yrenah. Shaw& & Co,. Philadelphia. TORRENCE dcOlio6l.l.Rß, Pittsburgh Drug lloruse, I u 8: d] ye Corner Fourth and Market street ti7Editor at the Daily Post.—Dear Mr.—With your permission I wish to say to the read ers of your paper that I will send. by return mail to all who wish it (free.) a Receipt, with full di rections for making and using a simple Vegetable Balm, that will effectually remove, in. ten days. Pimples, Blotches, 'Tan. Freckles, and all ImPtft ites of the Skin, leaving the same soft. clear, smooth and beautiful. I will also mail free to those having Bald Heads. or Bare Faces, simple directions and information that will enable thorn to start a lull growth of Luxuriant Hair, Whiskers. or a Moustache, in less than thirty days, All aPPlioattens answered by return mail with out charge. Rao eothally yours, Tit 08. F. CHAPMAN, Chemist, ti3l Broadway, New York. KERB. CARRIAGE MANUFACTURERS, SILVER & BRASS PLATERS, And manufsoturera of Saddlery di Carriage Hardware, No. 7 Bt. Clair street. and Duquesne Way. (near the Blidaa.) DIM JUST RECEIVED DIRECT FROM Europe, a new supply of Russian Pebbles, Alao. a fine eseortment of OPERA GLASSES, FIELD GLASSES, MICROSCOPESr TELLESCOPES, PERSPECTIVES Pocket Compasses, for army use, Reading °buses, Linen Deteotors, Hand Glasses ke , for sale by J. DIAMOND, Praq•al Optician, N Fifth at., Post bnidirgs. no2i-lyd-wAs DENTISTRY.-TENTH EX ttaY trusted' without pain by the use of .A.lr Ondry's apparent. J. F. HOFFMAN. DENTIST. All work warranted. 134 Smithfield Street., las-4117 PITTSBURGH. iiitzaFLOURING MILL FOR SALE. The subscriber offersfor sale the AL. L deligNY CITY MILLS . situated in the'Yourth Ward. Allegheny City. This well known MITI has been rebuilt lately, and contains four run of French Burrs. with all the latest improved ma chinery for manufacturing the best brands of Flour. Enjoys a good local as well as foreign custom. This is a rare of anoe for business mon. and invite ar y who wish to engage in a profltabe business to call at the Mill, where terms will be made known. • oc2l-3mdarw J. VOEGTLY. 30 KINDS OF Pholograktt Albums, 200 KIN DS OF Pocket Books 1000 RINDS OF Card Photograps, 100 HINDS OF Pittook's Book, Stationery and News Depot, OiPO3ITE THE POSTOFFICE. JlllB CHAS. B. BAAS Warnelink. at Barr, Wholesale aad Retell Dealers in PIANOS, HARMONIUMS MELODEONS AND MUSICAL GOODS GENERALLY, NO. 2 T. CLAIR STREET, ear Bctspention Bridge ALARGE AND SPLENDID STOCK of PIANOS 'wit received from the ride. Mate; menufamoriee ,of W. B. Bradbury New York, Sehomacker !lc Co., Pbabidelpala Boardman a Gra.T, and Geo. Mei*, New York, and others We are also agents for S. D. at H. W. SMITH'S Harmoniums & Melodeons A complete assortment of Sbeet Music la- Wile on hand. Tuning and repshing of Pianos. Melodeons and Musical Instruments done at abort notice. &DSO-if GNIMAS TliusT pan Biwa 1864. A SPEClAL—Janieeittl A stookholdors a thts Sitakatilizhe theltaakina Howson ilOADAY..l2lo.lBthlret. at 2 o'clock proprist, of in ereaelna •••.1111.,:e. ,, :e v. 4 vwd ' GliO. army, Cashier. w vertisements, TIT ISA WELL ESTABLISHED *Ayr tut*, smut) All the Ladles' know that Non el ties can bas AT LOWER PRICES AT LOWER, PRIORS, AT LOWER PRICES. b _ The Men know the Babb Ars' Mein and the All the worlds werrantscl oensequerttli GREAT INDUCEMENT, GREAT INIRICEMENT, GREAT INDUCEMENT. Bella= if anything goes wrong with any we Yon see there is no place Ia theelty like the Con cert Hall Shoe Store, 62 Mftb etrest. JanB THE GREAT PICTURE. Imes Williams' Celebrated PANORAMA of the BIBLE, AT IkIA-SONIC SELL, SECOND W FES, commencing on hiONDAL .4=617 11th, 1861, each e t z=. o'o look. Alit.), rn Wednesday and at p. m. Tiogete 25 cents. Children wider tell years old 15 cents. isall-tf w ANTED.— For the Fourth Ward Se!)mob, Allegheny. Ap ply daring the week to either of the underaigned Directors. B. LIITt AN. North Omelet., J. P. CRAIG, Diamond, Janll-ltd J 9. GILRASON, Ohlo at. EVERY STAY:O432OII BALE.-THE a ILA entire e.ock consisting of BOMBS, BIJO GIES, CARR' aftES. B tavuouße, Hullers. SLEIGHS, II &ERNA. iWid all ether ve hicles belonging to the establishment ie offered for ia!ii by the underergned on reasonable terms; and ale the buildings will be sold or leased for a term of ,oars. For further information insitlfre of lt, H. PATTBRBON. Corner of Diamond et.. and Chem alley. Jan) l•citf DEIINISTRATOWEI NOTICE.—ALL ti peraore having Maims against the estate of Archibald Boyd, dolman& of Ohio township. Al legheny 00.. Pa ploeeo rreeont them dub , ms im:ablated. and thus owing said estate yid mosso y eoer Elaid claims to the undersigned without further notice. JAMES M.TD_YD, GEOII 4 B BOYD, Administrators. jdllll-Idi6t If .11A1I'L. KERR PITTSBURGH and Wallets, Diaries for 1864, BEST GOODS, BEST GOODS, BEST GOODS. MOST DURABLE, MOST DURABLE, MOST DURABLE. REPAIRED FREE, REPAIRED FREE, REPAIRED FREE. A Writing Teacher, 72 i O isi fr 4 = Q PA 0 Pgl i • 01 PI Q a ig t ' l . 41 0 E 4 CIS II go wi El 4 CP La pi xm 0 = -0 z BOSTON CRACKER BAKERY. B. S. MARVIN, Pdatintastarer and inds holesalo Dealer to k of Crackers and Pilot Bread, NO. 64 FOURTII STREET, Between Wood and Market', PITTEIBIIPAIII. PA. A LOT OF itarafseturing and Cigar Leaf For Bale. 11 , COLLISTER, ct BAER, WS WOOD STREET dace received on ooneignmentqt of Blanistur truing and Cigar Leaf, whieir are ordered to sell at very low figures for cash. all amine the emnlea. no& HAPPY NEW YEAR.—THE;BEET Wootton of Fancy Goods,&Toys For NEW YEARS' GIFTS, can be 'wind at FOERSTEB & BCHLWARrh, 164 licoltblie* FOB SALE.- The Lease and Furniture of a SMALL ROUSE, containing eightrooms, s tooted on Fe rff etreet. between Thht and Youth greets. Eurniture u good as new. For further particulars inquire of 013141FIN6EAM, No. 109 Water at lans-Iwd SELL TOUR Old Books and Papers. The highest price will:be paid for old books with books removed, old newoopers or other !printed Dpaver, at our Paper and hag Store. .No. 9.8 EMITHPLifID iart7-Imd 8.11.* 0. P. MARKLE. lig °TICE IS 111/1113BY GIVEN THAT and an order of Court the this partugrshigo effects of " d C 0.." CODBibtiII .of s PANOR AMA OF THE WAR, Be., will be sold. by Witt Owen!, Jr.. Receiver. on the 9th DAY OF JAN UARY, at 2 o'clock D. ta., at otilee d the Itteeht.., or. N 0.147 Fourth street, Pittsburgh. J ant Std • HOUSE FOB SALE.— No. 114 Elm St., 6th hie property is one of the thogt convenient and desirable snide:me; la the chg..... lotantimda :rem Ifdm to Congress f treat. The house is a two awry brick. containing sig. rooms Whits bath room, Wash house. bate hot= and lightdry hal lar and pantry. Thee IS niggly paved large yard and a brick stable trontincon'aenerers at. l'he house rupplion with ga.. hot and acid watark hal' painted and grained: parlor nicely finished with warble mantes t property all in good eon• dition.. Price. $4.000. Terms—s2.ooo In hand and the balance in two years. Bar farther pat &Wars inquire at the premises. dalg-dtf 2 N ELEGANT coIINTRE BLEEE- MOB ROIL SALII.—.I. flue 2% e i tg well built briok house cont.:l34g ten un nw .. onstac.re of ground attached; well. staleted ,, eeigh eholost fruit; pleantmtly stinaterlln the village of Roche ter. overlookir g the Onio eliertlefellisith- In five. minutes walk ottbetli. L flbelionn , 'Par particulars inspire of }I E. PAM/1. E. AZ 4 13 1 / 1 . or ..._ - __ ililljAM/l Rochester, Pa. ,—. „ . HEXIII6-20 , mama. ow • WillEM) tow ppattlat4p r i z et t eed= m eeke t t . - daat =sue Beskat and Prat sin.
Significant historical Pennsylvania newspapers