Ear' '''''''':!%oWeA"P.Pr
VOLUME XVL
PITTS ,I 3O.i . ;:O IIiORNING POST°
rz!h7/Ehr..2. sacra (Sun.lays ezcept.,:d)
7.11' P.
in TII aenll.-71.131 . C0P.) , 11.7. N7CSD LITD 7I? I 1 Irfariil3,
TEP n payable ntrlctly lu advance
Pi; P:.11'.123 incr.riably r,quired if not paid within the year.
IrFao co;:hm, Two CabiTs-•-for eale at the counter in
Vja r.);a 4 , ,c0 ar o i hr, the Now BOYD.
11• ATES OR ADVERTISING
, Tkrio•l 2'tl.-ice I Onct WI» Iti"kly
' a tuedia we ld to,fek. I 7..,apfr.
1111=21
One lime rthan—
Two inz - rll.
ree in%.ortloat,
Tt,:-.:".3 eos.z.
Ono 1..uht.1.
Two 111011:112
montim
muntlu
F. 1% IL` Gnlil~
Oue
One iquara, per &Hun
Marria,re notie&o
PITTSBIJIIII SATURDAY POST
A ill,trailltirni
ONLY OM. DOLLAP,iI PEP., WEAR,
IN CLUBS OF TEN.
Sim Zia Stabcetrelpsiotart, e - - as pea tamistraq.
CONTAINS ALL THE CURRENT NEWS
cv Tall DAY, Political, Literary, Agricultural, Conner
cial. Lezal, Telegraphic and Miscellaneous.
Paper bedus of tho Lazact.:l2 sum, and neatly prints
on floe white paper, in large, clear typo, will be found by
the subscriber to give bettor catisfaction than any paper
v. - IL - dello:I in Pittsburgh.
nhe nth to telt(' a paper from Pittsburgh, will/Ind
t he 3..1T7AD2L7 POST a safe and ure'ltr.ble investment.
JzIR'I.EIIS P. BARN,
Elite,: and Proprietor.
t'olcirrzs,
0f.7,17
1M12E13!
BAR Nl'& 1 Y E
BOOK AND JOB OFFICE,
PC=T33T3II_, r.) I rQ.S ,
Corner of Fifth and Wood Streets,
PITTSBURGH.
rpnE undonfigned having made extensive
additions of ilia LATEST AND HANDSOMEST STYLE
F TYPE ; and improved 'blachinery, to the MORNING POST
Jon OFFICE, ir.vito the " itention of Rail Itoad OCilcor
Merchania, tliziness meu, and the priblic generally, to their
nparlor facillileg fur exiNmting with dispatch, on iv:boilable
erma : all kind , of
Et A If
CAPI T If E ,
LEGAL,
AND EY!2P.Y DE3ORIPTION OF
PLAIN FANCY PRINTING
'oZir 11111t(.11 ` e;i1 hang nearly all new, we can give caiwi
anee of the nicel; complete batiiifactbn, and aoliclt ordirf.
BOORS, PAMPRILTS,
RAIL nOAD BILLS AND C.A.ILDS,
DARK OHECIiii, BLANK NOTES,
RE - .' TER lIEAJS, BILL HEADS,
PILLS LADING, CIRCULARS,
ItUSLNESS CARDS,
rApEn: BOOKS, DEEDS,
MORTGAGES, BONDS, ,hoi
.0Z- Particular attention Fill ale° be paid to the printing
Of Poeters, Progrriunieii, &c. for Coneerta,
Circus:en. BARR MICARS.
- 13 - ni - NESS CARDS.
rce. - kple's Shoo Store.
D. S. DIEFFENBAC;EtER & CO.,
Cheri, Cull Deslora in all kinds of Faaldonoblo
BOUT:3, SINES LID GAITERS,
For Gentlesen,D.Lau. - Yontb.l and Children,
an., 17 Fifth Street, ncro: Market,
008 a PITTSBURGH, Plt
1. G. P2l 1P.117 JOILEBOZ7 B. L. JOHNSON
,PERRIN JOHNSON,
Proprietors of Childs i 2 Co.'s
Patent hllaztio Piro and Water Proof
Cement Roofing.
133 THIRD STREET.
CODERS for ROOFING promptly and faith
folly oiriect.ted, and all onr wort: warranted.
ileofing material always on hand, and fur sale, with di
mctions for m.o. sep..hly
Joe. 1,0. 1-IADIELTO2: CG CO.,
ENGINEERS AND NACHICNISTS,
CI T= of lira and Liberty alreets, ltabtrriy7t,
QUPE2IOII, STEAM ENGINES for Grist
NJ and Saw Mille, ilreworles Printing Establishments,
llisnufactorie., mode to order. They also continue the
manufacture of their Celebrated Machinists' Tools, such ad
Turning Lathes, Iron Planers, Boring and Brining, :31achines,
An. Aldo, Wrought Iron Shafting, Palleye, Ilangera r
Le. F r.. ja4:l yd
JA)tlri a. CO.,
HOUSE PAiNTERS, GLAZIERS AND
GRAINELIS, N 0.1115 Third street. SIGN PAINT
ING executed with neatueaa and dopateh. lifixed Paints,
Gila Turpentine, arein, Join and English Patent Dry
ers, Ville tfontciguo Zinek, a very superior - Article; Phila
delphia and Pittsburgh White Lead always on hand and for
aide. We are preprtrel te grind colors for Paintcre, Drni
girt3, or others, at the ehorto3t notice, na we have a Mill
which grinds by Bk•Ain P.tinters will cave money by get
ting their crdo; 3 ground with u 3. purbay_
GOLp AND SILVER SPECTACLES,
PA. AUFACTURER'S PRICES.
HYDROMETERS
or weit:hing;apirita, the cheapest and test articles ever
brosgb.t to this city.
".011111.TOMETERS
varying in price from VI to VD
POCKET COMPASSES,
AND
SURVEYOR'S CORIPASSitS,
lways on hand ut G. E. SHAW'S,
..Pra , ;ti:ca Optician, 58 FJ
opp=;to Masonic: Hall,
44, . tiAWYER,,
It&vvrcuunzna 07
LARD OIL,
CANDLES,
PALM, TOILET,
AND ROSIN SOAPS
rio. 47 Wood street, Pittabargh, Pa.
F. J. BusgA, C. OUTENDORP.
BUSEA & GUYENEDORF,
hu.N.a.icrup r Eat,
STEAM 801
And all kinds of ghtetA, Iron Work.
Poun strost, near Water, Pittsburgh, Pa.
. Or.:tratit lqtottrna AVVYI.7).VD ?O. I feZiA r
JOHN EiBER & co.,
FANCY DYERS AND SCOURERS,
Mao. Op rZt - ii....tka. IS ta- o.ot,
WOOD AND /4 U;1217: SMELTS,
PITTSBURCH. PA.
All kinds of Shawls, Drosses, Ribbons, and
every description of Silt: and Woolen Goods executed at
abort notice, and on roasonable terms. lara&Bru
ffryo and Cora Waitted9
Raman, sven4 WILL*
ALLE,GISZNY Cl' L
47 .1 SUBSCRIBERS HAVE TAKEN
the abovo u;tablhshraent, and aro prepared to 57=
E 1,7 oArtr.L',l , var.u.sT P3or3 tB OLsfl Ton
25,aer.l BUt3IfFALS OP WTiI'AT.
10,000 tt
10,000 {4 COP N. 7
Zt i 3 the intention ci tho proprietor; to offer arms. riting3
for any choite lota of White or Red Whent. They intend to
knoko very ouperlor flanoily Flocr, and are 77W10g to pay a
preniinin to the fcmiter, in the ehelee of on extra price, to in:
luta) Liao to rale:. o choice quality of Wheat, and to bring it
to market in rued order.
Jylfnlyd&-w ft. T. ESINNEDY 'BRO.
Office oil Semler of leights and
" Mon.quires.
THE OFFICE OF THE UNDERSIGNED,
REALER OP WEIGHTS AND NEASTME4
May be found henceforth, in Cherry alley, between Third
and Fourth etroets, where onion alloy bo left.
mrl3:tf _oammr,s BARIIETT.
LARD 01. L.—We have commenced mann
factoring Lard Oil, and will be pleased to reeelvo or
dory for it. We will warrant It equal to any Oil In tho mar
ket. We will dill barrels returned when desired,
B. CL g Ji H. SAWYRII,
No. LI Wood Mount.
NIONS.-10 bbbk Onions for sale by
IDUIM Et ! =We,
2 00
2 65
3 35
4 65
6 00
6 05
i as
6 OU
13 X,
13 35
0.1) r i
1 GO
2 00
2 60
8 55
4 60
5 GO
6 60
8 03
00
1) Co
nnum.
1 03
b
2 5.;
3 00
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* .... A
PUBLISHED DAILY BY JAMES P. BARR, AT THE ig POST BUILDINGS," CORNER OR WOOD AND FIRTH STREETS; AT MITE DOLLARS PER ANNUM:
INSURANCE.
REPORT OF THE CONDITION OF THE
FARMER'S UNION INSURANCE COMPANY,
At ATURNS, BRADFORD COUNTY, PA., Tan. 1, 1858, as
presented to the Stockholders, and made out in compliance
with the State Lawa of New York, Ohio, Indiana, Illinois, &o.
EITATZNI;NT.
The name of the Company is the FARMERS' UNTON IN
SURANCE COMPANY, loedtod at Athens, Pa. Chartered
April 13, 1853, by the Leg,laturo of Pennsylvania. Charter
Perpetual.
Cash Capital, lihiCh is all paid up
Surplus In addition thereto
AEIBET9
Fifty-four Bonds and Mortgages, at
lax and seven 11 p cent. intereat,
amounting in the aggregate to-4152,315 00
Which mortgages are or valua
ble and productive real estate,
principally farms, recorded and
tint Ilene, worthgenerally double
the amount and more than mort
gaged for in each cam, and in no
case lets than fifty sti. cent. more,
ea (Waive of farm buildings, and ,
so certified by the Recorders,
wnete recorded, to the and tore at
the States of Ohio and Illinois.
Nineteen six I tl cent. Benda amply
secured 47,885 00
eash„ou hand and in Bank ;1,449 12
Cash in hands of Agents, and in
contra of tranamlsaier, Bemired
by bonds with Buratto
Due en lames ro-Insured, Cc
Bills receivable, viz: promiana y
rotes payable at bank and to the
Company
Interest accrued, (principally due
January 1,1858,)_ 1 19 40
Safe and office Fixtures and Furni
taro
000= YOU ?Ira YEA.B. 1857
Amount of Premiums received during the
year $ 85,281 30
Ain't interalt ro:eivcd during the year 11,442 05
Ara't received from all other sources 2,480 00
LIPENDITIIRta.
Expennes for the year, including
commisaiene, Belittles, rents, rein
eurafiee, printing, advertising,
tases, and all other expenses......s 19,199 66
Dividends paid during the year 17,000 00
LCA3eB paid, which occurred prior
to December 31, 1856
Liward pals which occurred during
the year.
UAEII.ITii B.
1,09563 aajcatod and n,Jt dao (iinco
paid) $ 12,500
Los ea inctirrad and In proceis of
adinstment
Loos roported,on which no action
has been taken
LoEgos resisted, on ground of !new
ance after fire, property transfer
red below loss, property lost not
covered by the Polley, .te
$ 30,407 99
Whole amen .tof risks taken daring the ycar..56,429,862 00
Whole amount of riat at date 4,861,440 CO
7.113 OP PENNECIINAN/A, COUNTY OP BRADFORD, 81.
C. N. Shipman, President, and J. It. Canfield, Secretary of
the Farmers' Claim' Insurance Company, being severally
duly sworn, depom and say. and each for hicreelf says, hat
the foregoing is a true, full and correct statement of the
affairs of said corporation, and that they are the above de.
ecribol °RT.:us thereof. C. N. 59LP11.2..5, President.
J. 1 2 CANFIF.7 11, Secretary.
Sub:4cribed and sworn before me, this 26th day of Jana.
sty, 1858, H. 0. BALED, Justice of the Peace.
T. J. HUNTER, Agent,
No. 9J Water street, Pittsburgh.
Fl RE INSURANCE,
BY TIED
Reliance Itilaatanal Ensurance Co.
OF PHILADELPHIA.
ON BUILDINGS, LIMITED OR REBBr,TuAL, BIEROLIAN-
DISE, FURNITURE, kO., IN TOWN OE OW:INPUT.
Office, No. 306 Walnut street.
CAPITAL, @177 t ti 213.. ..... .ASSETS, 132853,4133 00.
Invested as f01104V74 ViL :
Pir6t Mortgage on Improved City Property, worth
double tee amount .$120,200 00
Pennsylvania Rath o,:d Co.'s 0 per cent. Ilertgcga
Loan, :,30,000 cost 26,500 00
Allegheny Camay 0 per cent. Penn'r. R. R. Loan. 10,000 00
Pennsylvania Railroad Co.'s Stock 4,000 00
Stock of the Reliance li,:tu:tl Insuranc, Co 19,150 00
Stock of County Fire Insurance Co 1,060 00
Scrip of Sundry Insurance Companies 470 00
Fills Itecoica clo, business paper 62,711 450
Boot Accounts, accrued Interest, etc 3,836 19
Cash on hand and in Bank 10,01:4 20
$.252,465 89
CLEM TINGLEY, Pmident.
DUCLOYOREI.
Clem Tingloy,
William R. Thompson,
David S. Brown,
Cornelius; Stevenson,
John R. Worroll,
H. L. Carson,
Robort Talent!,
1.4MN1 Johnson,
Charles S. Wood,
Janke 6. Woodward,
D.
J. GAR
North-cast cu
NERCHANTS' INSURANCE COMPANY,
WM. V. PETTIT, Pftia!lli D. J. lIVOANN, ge4Ydary.
Amount of ettpit...ilitock. paid in and iuvostel...sl.'oo,ooo U 0
Surpiug 63,128 35
Wio3,dB S 5
111TITC3 Cargo P.iatri on the Ohio and Mitiniesippi Rivera and
Ineuree agranat lona or damage by rice,
Alto, agninet the Perile of LL•e Sell end luiwid
Navigation and. Trans,-zrte.tion.
EICIMEOM
Wm. v. J. C. D,r,oAg,ornory, John M. PuLaroy,
D. J. Hc,ent.n, E. Witmer, V.ono Ouillon,
.13. L. NVooluton, Jobo A. Marßhall, Child. IL Wright,
John J. Patterson, Elwood i. Fusov.
ostrionna:
WILLT,AM V. PETTIT, Preside t.
E. F. WITMER, Vick: President.
D. J. McOANN, S-..c—retary.
I'm In IhiP 7 aciphie:
Saiger, Le.nit.. 4. Co., Stelatnity,, Justice & Co.,
Truitt. Jiro. a Co., Black, Morgan & Etidfold,
A. T. Lane & Co., Panaroy, Caldwell & Co.
PITTEIItUROLE OFFICE, 10.97 WATER STREET.
ap9 IL W. POINDEXTER, Agent.
WEST BRANCII
MUTUAL INSURANCE COMPANY,
LOCK HAVEN; CLINTON COUNTY.
FLIBT RUB BY TUB LUOlSitak.: P 5 VI& YLVA.S I
..... .$300,100 I Premium N0ttz.4.132,343.
WILES COMPANY WILL INSURE ON
_t&, Buildings, Merchandise, Furniturs, In town or
DILI:0408B
Trui. 0, I Kou. D. C. liczci - ",5",!Ch6riu.3 A.
Joloi Crtat. l
Peter I.)lctinson,
I'. 'e. o,
ID K. Jaklrm , ,, W. Whit°,
Th.ma.
LION. G. 0. LIARV.O7, Pr,- - „altkEt
T. T. Alik.±.&ll3, Vice PreeideLt.
1 . 1:02. tiocrotary.
LEir.B.Y.NOUS:
Eautuol IL Lloyd, •
A. A. Winezurdner, John I'7. Itasuard,
L. A. 2-.Dickoy, Lion. F Carotin/a,
A. White, Thud. Bowman D.D,
Jamos Quiggle,Wm. Vanderbelt,
OFFICB-10: 05 FIFTH BTILEET,
de.2l:tl J. A. I
rrillE FRANKLIN FIRE INSURANCE
COMPANY, OF Pin CADELPIrIA.
Divicrrons—Charles IV. Bancher, Thomas Hart, Tobias
Wagner, Samuel Grant, Jacob B. Smith, Geo. W. Richards,
Mordecai D. Loons, Adolphi E. Bari°, David H. Browns, Mor.
ris Patterson. C 114.9. N. Bizoz.ms, trodden[.
Cuss: il..l3lllarao Bearotary.
Continue to mate Insurance, perpetual or limited, on ovary
description of property, in town and country, at rates as low
as are consistent with security.
The Company have reserved a large Contingent rand,
,Ahich,with their capital and prominms, safely invested, at.
ford ample protection to the assured.
The Assets of the Company, on January Ist, 1851, as pub
lished agreeably to an Act of Aasembly, were as follows, via:
Mortgage p 18,128 68
Etat Estate 84,377 78
Temporary Leans 83,06 d 'H
illocks 61,880 01
, Lo 84,346 81
Total $1,214,709.44.
bince their incorpotatioa, a period of twenty-one years,
they bavo paid upward of Ono Million Four Hundred Thom
sand DoHared oases by lire, thereby affording evidence of the
advantages of insurance, P. 3 well as the ability and disposition
to meet with promptness all liabilities.
J. OARDLNEY. COFFIN, Agent,
Othce, north-esst cor. Wood and Third sta.
WhSTERN INSURANCE COMPANY
OP PITTSBURGH.
eE° llo r , "Arta , k resident;
F. lii. a02.D03, Secretary.
O 77l "L i c 92 Water etract, (Spang Co's Warehouse ) ) up
„„
Will r2l:
, e _agamst all binds of !. IRE and TAARIITERISIIS.
A
"",," -ustitudon 'managed by Dil•ect ,-, n , who are well
known in tie community, and who are detet mined, b.) ,
Rrmg a tn e3s ,„,,'"d liberality, to maintain the character which
they VO "•'' l-- aed, an offering the beet protection to those
Who desire to b., it6ured.
Stock
9SLTS, torOBEII. alet, 1167.
.........
......
Mortgagee"... ...... .
BIM Receivable,
Office Furnituro.•••.•
Open Accounts,. .....
Cash,
Premium Notes,. . t . •.
Dais Discounted,
George Dania, Dmvarons
J. w. Butler t ' B. Miller, sr.,
Samoa rAcialley, is, George W. Jackson,
Andrew Aclitby, pr 1 Alex. Speer,
Nathantel Holmes, r Wm. Knight,
D. M. Lang, I Alexander Wiring,
U. W. Richetson, Wm. IL Smith,
i 24 ACti - li ' --3------_____ Y. M. GO N, ,
lkimatary,
pt naps Country Bacon, for Bale
if WS, IL NMI AOO,
.: ; ,'.' , „ , ,:;.,', , f,;, - :•,i' , ; ,!":..7'i..:_5.;
'J
7:7-,.,•.!=•
$ 200,000 00
. E03,485..51.
V 253,455 51
18,781 Ca
7,836 GI.
$ 253,185 51
$99,153 35
46,661 b 4
$9O, Rt. St 3
12,100 00
&mini BiApham,
Robert Stoma,
. William Mauer,
Benjamin W. Tingbiy,
Manilall Hill,
• Z. Lothrop,
Charles Leland,
Jacob T. Booting,
Smith Bowen,
Win. M. Bemplo, Pittab'e,
. lII.NCHNIAN, secretary.
DLY it COFFIN, Agent,
er Third and Wood streota.
IDr. J S. Crawford,
lA. Uplegraff,
James Armstrong,
William Fearon,
Iloa. Wm. Bigler,
PITTSBURGH.
PPERT, Agent
51t1,500 00
2,160 00
,161 67
240 00
9,478 04
14,841 45
.... 40,246 59
4.25,093 78
t,817,641 78
NEM
INSURANCE.
PITTSBURGII
LIFE. FIRE AND MARINE
INSURANCE COMPANY.
NO. 96 WATER STREET,
PirErRBEIVELGH,
ROBERT GALWAY, President.
Aux. finantar, Vico President.
F. A. Rinneteas, Secretary.
.01rTh Is Company makes ezery inanrance appertaining to
or connected with LIFE RISKS.
Also, against lIIILL AND OAP.OOEARS on the Ohio
and Idissistrlppl Pavers and trlbutarter, and LUPINE 3
generally.
And against Loss and Damage by 'Piro, and ez!-.11 - 4t the
Perils of the ties and Inland Navigation and Tranr,laol..E.o,
Policlea lamed at the it) , NeEit ratoo coaaLitalt with e . .Zz..; u
all partici.
• DITSZIOTOng.
Robert Galway, Samuel InnMarlton,
Joseph P. Gaviam, LS. D., John Scott,
James Marthall, David Rlohey,
James W. 111.11 man, Charlea Arbneunot,
Alexander Bradley, Joseph S. Leech,
John Fullerton, N. F. Hart,
David U. Chambers, P.Dbort H. Horn ”..,
Willium Harr, Jao. PeforMl. ees6
Eureka Insurance Company of Pennsylvania.
OFFICE, NO. 99 WATE2. ST, PITTS:WM(III.
Assetio—May 1, 1058.
Stuck, Due Bills—payable on demand and secured by two
approved names $ 76,890 00
Cash in Pittsburgh Trost Company 62,250 37
Premium Notes 62 933 80
Bahl Recnivable 15,986 01
122 shares Exchange Bank Stock—cost 0,950 00
GO do Media-ice Bank 5t0ck—c05t............ 6,490 60
300 do Iron City Bauk Stock—amount paid. 7.500 00
201) do Al'eghsny Bank Stock— do do 5,060 00
Book Accounts 13,25) 34
1=333
J. IL Shonnbarger,
W. IS. Ni nick,
John A. Csaghey,
C. W. Batchot or,
E.. D. Cochran,
James J. Bennett,
Wm. J. Anderson,
J. 11. ti
ROBT. FTNNEY, Secretary.
CITIZENS' INSURANCE COMPANV
OP PITTSBURGH.
WILLIAM. .I.3AGALUY, Pia:A.l.lllt
SAMUEL L. 11AE.SlfzILL, .9.a:rotary.
OFFICE: 94 Water rtrEet, Itarke. and NC.4 - 4
Infinres HULL .A. 1.0 CARGO RlSE'ki, on :be (thio
end Mississippi Rivers and tribute: ice.
Insures against Loss or Damage by Fran.
Also, against the Pe - zile of the Hon and Inland Navigation
and Transportation.
DritEOTOPE.
William Bagaloy,
eaniaal Bea,
James M. Ocupor,
James Park, Jr.,
Isaac M. Pennock,
tkpriager lErbaugh,
Capt. Samuel C. Youug,
John Caldwell.
PHILADEL2E.IA'FIRE AND LIFE
INSURANCE COMPANY,
Plo. 149 Cheattut Street,
01:;asito the Custom llonee.
WILL MAKE ALL KINDS OP INSU
RANCE, either Perpetual or Limited, on every
description or Property or Merchauditio, at reasonable rates
of premium.
ROBERT- P. KING, Preaidout.
M. W. BALDWIN, Vice PriAddat
DILLECTOES.
Charles Hayes, E. A. Cope,
E. B. English, George W. Brown,
P. B. Savory, Joseph S. Paul,
0. Sherman, John Clayton,
S. J. Magargeo, B. Wilor.
F. Mamma, Secretary.
J. G. COFFIN, Agent,
Corner Third and Wood streets
HOTELS & RESTAURANTS.
EXCHANGE HOTEL,
A. LOWISH, Proprietor,
arner Main street and Youghiogheny Riper,
Near the Railroad Depot
WEST NEWTON, PENN'A.
THE ABOVE lIOTEL IS NOW IN COM.
PLNTE order for the reception of visitsis. It is beau-
Wall° located on the banks of the Youghiogheny river, and
can be reached every day from the city by the Connelleville
Railroad. The rooms are large, airy and well furnished,and
the could bo no pleasanter place for a few weeks summer
residence in the country. A few tamilies can be accommo
dated. Terms moderate. Address A. LOWRY,
my2s:if West Newton, 'a.
THE NATiONAL SALOON,
Linder froater'S Blew National Tinware,
PITTBDURGII, PA.,
D. BARNARD, - - - PROPRIETOR,
HAS FITTED UP IN A TASTEFUL
and comfortable style, the large centre store in the
ODD FELLOWS HALL. Firth street, as a FIRST CLASS
RESTAURANT AND SALOON. Having had many years'
exprlence In the business, hole prepared to supply the beat
the market affords. Ills Dar will be furnished at all times
with the best WINDS, LIQUORS AND ALES. The en
trance to the Saloon, Is in tho ceutre of the Hall, and ra•
frashments will be furnished at all times, DAY and NIGHT
(Sundays excepted.) apttly
WASHINGTON HOUSE,
COR. PENiV'A AVENUE 4. THIRD ST.,
WASHINGTON, D. C.
A. F. BEVERIDGE
SCOTT HOUSE,
Corner Irwin Street andlihaqueana Way,
PITTSBIIRGII, Pd.
B. 1). MARKER, - - - PP.OPIIIETOR
(Formerly of the "Marker lionee," lila Pa.)
T H E SCOTT HOUSE IS NOW COM
PLETED,AND OPEN FOIL GUESTS. It is situated
In a central parrot' the city, being convenient to ell P.ailroad
Depots and Steamboat Lanclinys.
The House was built in ISA, with all modern improve
rants, and fitted np in Splendid style—the entire Farniture
being new—and will in every respect be u first class Hotel.
kin° STABLES aro attached to the premises. Holt: 1r
H. W. KANAGA.
U. S. 0 T ad L 9
Opposite the Penna. Railroad Depot,
HARRISBURG, PA. [Jell.
AISITRANGTON El ole
rORALERLY U. S. HOTEL,
PITTSBURGH, PA.
LIMES BILANNON, 'roprietor.
941111 S HOUSE IS LOCATED ON TIIE
ja corner of and WASHINGTON Streets, between
the CENTRAL AND WESTERN RAILROAD DEPOTS, and
has undergone a thorough improvement, remodeled and
furnished with new furniture, and is now the most conve
nient Hotel in Pittsburgh, for Travelers by Railroad, Eau
or West. gyS:ly
CORNI:I3COP ZP4 RESTAURANT.
By ELI YOUNG, FIFTH Si'.Tß=
2 !z agg lo r The attention of tderchants
and others is directed to thlB K - ‘ l' t C-t )
ostablishinent, which has teen recently fitted •
up for the prarpose of affording a SUBSTAN.
EATING.TIAL HOUSE IN A CiElttilitAL LOCATION
Country folks . attending market are particularly invited to
cell. Everything pertaining to an EATING SALOON will
eviays be found,' of the freshest the market affords.
clufn:licldtve
Bl AN pnov SlON u tl N O,ll 344 SE Li G be E il O y li ßu G eo E t A i. U t ß b E,,,l iti l e T t Z he
Passenger Depot of the Pennsylvania Railroad, which makes
it the most convenient house in the city for passenFers arri
ving by that road.
tffPhe proprietor having, at considerable expense, fitted up,
in excellent style the MANSION . HOURSE, votild respect
fully solicitor skirt: of•priblie patronage. There is attached
a splendid STABLE and extensive WAGON YARD, afford
ing ample acmminodation to travelore and teametere. ilia
Larder and Bar Will bo furnished with the host the market
can anbrd. fehLy
4014 Excelsior 'Restaurant,
-Se No. 111 WOOD Bind, 4 s ,
, t4 ;:gif
PmEavnan, PA.,
IVIIOLEBALE AND RETAIL DFALTIR Iti LAKE AND
EASTERN FISH
The undersigned haajust received from the Eastern mat
kat, selected with great care,
SSIELT, HALIBUT, HADDOCK,
FRESH OOD FISH, EASTERN BUN FISH,
SEVERAL VARIETIF.B OF LAKE FISH
New Horla Prlnoevis Bay. Egg
.7.gg Eitairbos t Sholl Giatoro.
The finest ever brought to this city. Every delicacy of th
season served up at the IerirOPISIOII DrBTAUBANT.
apayd B. STEDTICUGH.-
Q.T. CLAIR: HOTEL, corner Penn and St.
Clair streets, Pitteburgh, Pa.—The undersigned, former
ly of "Brown's Hotel," having taken this largo and comma•
dices no-TEL, and having refitted It in magnificent style,
would respectfully invite his friends and the traveling pnblic
to give him a call. Assured, with the convenience of the
house and his long excerience in the business, n give
entire satisfaction, and his charges mode rato.
feb22 WM. 0. 00N7ILLY.
ILlppineott, Shorten SF, Pearson,
NO. 104 WOOD EIMER% NEAR PIPIR,
MANUFACTURERS OP 'TRUNKS, Va
. iioo 4 giaLand-Bcignet, Boxes Ladles Traveling
Trunt! oarpettiazr,Ao . . t keep:Axlnstantlyle hand a tarp,
stock. t We s are, prepared to do a wholesale trade, and havw
fag facilities to tarn wit good dock at reduced prices, we
would invite the trade to call and examine Otli goods be !
tospadalibla clink& rite,
{, G ~ :µ ,~,.~
~
PITTSBURG o TOURS DAY, JULY 150 1858,
$266,341 16
I G. V:. Co.na,
Jae M. Pennock,
W. W. Martin,
IL T. LANS', Jr.,
David McCandirn,
'George S. &hien.
• HOENBERGER, Preiidetlt
Capt. Mark Starling,
Bainuol M. Kior,
John B. Dilworth,
Francis Sollars,
'William B. Hari.
Johu Shiptun,
‘Valtor Bryant,
j a t 2
PROPRIETRE SS
, ,•
ti
BOOKS AND STATIONERY.
OBERT A. LOOMIS,
(Bil — or to B. T. C. itiorgan,)
STATIONER LND DEALER IN BOORS, PERIODICALS
AND NL'W.SPA DIMS,
No. dl Fifth str2ot, Pitt.9l.migh, Pa•
Co-Parliter§ll.2p.
PTMIE undersigned hay° entered into Co-
Partnership, udder the style of Wm. 0. Johnston & Co.
SAMUEL P. JOHNSTON,
WILLIAM G. JOENSTON.
Pittsburgh, September 5, 1857.
F.. R. IC:IE.:6I'Sn, IT f. CI.
"eir .
. _
q ). TATIONERS, Blank Book _Manufactures,
L and JOB PRINTERS, No. 57 Wood tdrea, bells..-•a
Third and .Foarth, Pittsburgh, Pa. seat)
640:44621217
TOBACCO AND SEGARS,
W 0 & D. RINEHART,
F.,riCTA.;£tiliilF , 3 All D
TOBACCO, SNUFF AND CIGARS
,
0 /
<,,,/
F-
Co :.:.3 esclat College,
Pk!,.,r!cryh, Pa.— Chartered, 1855.
.~ =
Board of 12 Trustees—Family of 14 Teachers.
300 SZITDINTI3 ATTENDING, J.SICULItY, 1653-
Young alai Prepared for Actual Duties of the Co' unting Roam
INSTRUCTION GIVEN IN SINGLE
and Donble-Entry, Boik-Ifeeping, as need in every do-
partment of Baaineie. Commercial, ArithmetiC, Rapid Rua
neaa Writing, Mercantile Oorrcepondence, Commercial Law,
Dotecting Counterfeit Money, rolitical Economy, Elocution,
Phoncatraphy, and all other aubJecte necemary for the thor
ough odor wion of a practical bueinem ratan.
J. 0. SMITH, A. Si, Profoenor of Book• Beeping and
Science of Ancona te. _ _ _
J. A. HET91.1.1 . 01.C. and H. A. lIUTSON, Assiat!ant Teach
era of Boolr-liorping. _ . _
ALEX COWLEY, A. T. DOUTHETT, and. IL A. HUTSON,
Profacacro cf Penmanahip—tivelvo first prennurna over an
competition for best .?-en and Ink Writinc,
AND NOT FOR ENGLAVaD N963ar., -iza
J. O. POR1131:, Prof of ittathemnies.
d!c—Full course, time unlimited, enter AA soy time
—;?25. Avoraga time., Bto 19 week. Ward about...VA.
Entiro coat, Edo to $7O. Graduates i‘osisicid in obtaining a
eimation. Erxciniena of untlivilled writing and circulars
eent froe. Att.lrv.a,
itly2o
Safety mid Economy in Light.
WRY WILL YOU BURN CAMPIIENE
AND FLUID, when you can get a cheaper and bet
ter light. Pere Kerosene Oil, made from the gad in Cannel
(foal, produces the cheapest, most brilliant, steady, pleasant
end safe portable light ever offered to the public, and no
danger of explosion; more brit:taut than gas; and quite as
cheap; Lamps of the must simple and easily managed con
struction. tfor sale by 7. D. 4; G. 110DKINSON,
No. 79 Smithfield etreet.
tka. Beware of a counterrdt alrea , ll , in the market, made
ram Camnhene, ‘a!th a little Coal ,di to Rent it. I fe27:ly
COOKING BY GAS
A WORD TO THE LADIEs.
rpm HEATED TERM IS APPROACH
ING, and we call the attentlOu or the Ladica to tho
feet that
COOKING IRONING, ETC.,
Can be done with economy, without oporessive heat. with
out soot, and with despatch—the fire being alwayu ready in
a moment—by using
Musgrave' s Gas (t)ooking Stove,
To which we reepectfully invito your aitenti,e, at No. 75
Smithfield Area. S. A. .30!..D150A & BY.O.
us_ County and City llighte for sale. apr2:9m
AICIIIESI WORM
OONPNOTION - , 0
ONP.HOTION, 00
NP.NOTION, 0 ON
• NOTION,OONP
NOTION, 00Z,Pt:
O TION,
.1.0N.G coNL"O , I ,
I ON,OO NPLOT
O N,OONP EOT I
N,CONFNOT 1 0 N
00 NSBOTI U N .
The moat plmaaut, eafo and effectual Worm Remedy now
in uce.
Prepared and cold, wholesale and retail, by
ANGELL HAFT,
Cur. Wood and aixtb. eta. , Pittaburgh, Pa ,
And cold by Drreasti ErOno7ll/7,
QT. CHARLES LIVERY STABLES.-
The undersigned has bought the lease
.1 ; of the above named Stables, to
-4 gather with a portion of the orton•
Carriages,-x~'+'--•.-
late
ft -5
siva stork of Morns and Carriagos,-x4=---.-
late the property of James Mathews, deceased. In addition
to the stock boforo•mentioned, he has sloe added a number of
FINE 11011SES, BUCOLES AND OL. - ittiIAGES,
which were formerly employed at his Livery Stables in
Third, below Wood street. As ho gives his personal atten
tion to the business, a continuance of the' patronage which
he has hitherto received from public is solicited.
JACOB G A RDNEP.,
Et. Charles Livery Stables.
O.—A HEARSE and auy number of C.A_EitIAGES can
always be proomred for Fanerid2. dole
IHE CHEMICAL OLIVE ERASIVE
SOAP, manufactured by B. C. 2l J. 11. Ftv.vyer, re
receives the preference over all other kinds ever offered fur
family ase.
Ito advantages over other Soaps are it Is cheaper
to use, ono pound being equal to three of common rosin
Soap. 2d. Ralf the time need only be occupied in washing
when this Soap is used In place of other Soap. ild. Labor
in washing can be nearly dispensed with, ad the clothes
will require little if any rubbing, thus avoiding their wear
on the wash-board. 4th. Boiling the clothes is unnecessary
when this Soap Li need, and hard or salt water answers
equally as well as soft. nth. Printers, 21.nehinints, Painters
and others, and it far superior to other Soaps. It speedlly
moves grease, tar, paint, printers' ink and dirt from the
hands, leaving the akin soft, and free from chapping.
To avoid the labor of rubbing the clothes, and the use of
the wash-board, the following directions should be followed :
For the washing of eight or ton of a fa:ally, take one
pound of Soap, cut it Into shavings, cud dissolve to one
gallon of hot water; pat the clothes into a tab containing
about len gallons of warm water; pour in the dissolved
Soap,and stir thoroughly. Lot ti.em soak twenty to thirty
minutes, -a - ring out, and rinse in werm water once, cold
water twice. A very dirty wrist-baud, or seam, or grease
spots, may require a slight rubbing, but otherwise the
clothes will come out clean and white, without rubbing or
boiling. Cold water may be used in place of hot, requiring
about double time In soaking.
"Q'' . Observe our name on each Ler.
For sale, in any quantity, at our warehouse, No. 47 Wood
street, and at our works, opposite the Bound Rouse, Penn.
fly Ivania avenue. B. O.& J, H. SaWYER,
ap2l N0.y47 Wood street.
- QUCKIVIIEAT FLOUR.--20 caoks Back.
_93 wheat hour, 60 fb encism, just received and for sale
by 61c0ANDLEt..9.,If./..618 ft CO.,
ceruc ., w oo d auj Water stmts.
FLOUR. -25 bble. Superthia Flour recoivea
arid for Brio by fAI.AZ , IDLEI2.S, Ala.4.lce le 00,
fe4o c-o.raer Wood and Water streets.
IMIGRANT RIFLES.—A most desirable
and cheap weapon, at BOWS TETLEY'S,
nozl No. 176 Wc'.i etrnch
IJARD.—A prime article of No. 1 Lard, in
barrols and liegs,Junt, received and for Bala by
NcOANDLE3B, TdRANS & CO.,
1a23 Corner of Wood and Water streets.
SPICES.-
25 bcdp Plinenio3
100 Orain Pepper, iced received and for Bale
by MILLIII3. k RICILETSON.
r,r25 ;To. rrci 29:3 liberty street.
NEW ARRIVALS.—Wo aro taking into
store, (123 Wood street,) an LT.mens) stock or fine
Paper for Jobbing purposes ' • also Letter , Cap and Note ;
Enwlopes in groat variety; Marina Papers, of every elke,
and as cheap as they can be bought iu tho East, where we
offer wholesale or retail, very low for Cia,h.
ap2 JNO. M. PEIIEJI4S 'd CO
LAKE FlSH.—White Fish, Trout, Salmon,
and Pickerel constantly on hand, a fall stock to supply
the wholesale trade, by finy6l lIENEY a CuLbINS.
ORANGES. -300 bx.s. °valet, just received
and for Bale by REVILER& ANDERSON,
No. SO Wood street,
myl7 Opposite the St. Charles Hotel.
BROOMS. -100 dos. Extra. Corn Brooms
on baud and for eab3 by
n3p2 B. C. a J. H. SAWYER.
DUSTER TRIMMINGS—Drab and Gray
Duster Binding and Ta sei just opened at
ap23 JOel. HORNE'S, 77 Market street.
NEW STEEL SPRING SKIRTS—Of the
most gracoftd ohapos, on hand at UORNE'S,
myS 77 Market street,
REED SWEET POTATOES.-20 barrels
IV Bead Swett Potatoes, rc-xised and for cal eby
J 911.111 S h. PUTZET,
at= QC-TneLT tiarlet and lint atroota.
bble. Cucumber Pickles, ro
COiVed and for salo by J'kligd A. EMMA,
fe2o Corner Market and Fire, atreets.
11010 ERFIIMERI. —Lubin's, Basin's,
Wright's, Glenn's and Ilarrlson's Estracts for the
handkerchief, constantly on hand at
JOd. FLEMING'S,
J 62 Corner Diamond and i.larket et.
RICE AND RICE FLOUR;
Corn Starch;
Silver Gloss Starch ;
Hocker's Raring;
Baker's Cocoa and Broom;
Fresh Cooaa Shell
Received and for sale at
JAYNES' TEA STORE,
of
33 Fifth street.
III• Mail° PRESSED CANDLES.—
600 boxes Hydraulic Pressed Mould Oandlea, made
for Bummer use, on band and for sale by
oz
Si gal J. FL ILIMIZZIL
MIALIRS IN ALL EIN L 9 Oi
No. 139 WOOD STREET
F. W. JENKINS,
PlLL3burgl% PennA7l:-J,la.
THE DAILY POST-.
THE NATIONAL FINANCES.
Remarks of the Hon. J. Glancy Jones,
OF PENNS YLVAN lA,
In the Llouse of Representatives, July 12, 1858
Mr. J. Glancy Jones—lf the committee Fill
indulge me a short time, I will endeavor to con
fine myself to-a few sober facts in relation to
the finances of the county. It might not per
haps be inappropriate to say to the gentleman
from Massachusetts [Mr. Burlingame] that, as
he lio.s made a war speech, I shall expect him,
when called ripen, to respond to all claims for
expenditures for such a purpose. 1 do not pro
pose now, Mr. Chairman, to make a lengthy
speech on the question. I know that the House
is impatient to get through with itsbusiness,with
a view to au early adjournment. I shall content
myself now with a simple statement, availing
myself of the privilege of adding to it in print,
if I see proper.
[Cries of "Agreed. "]
Mr. Sickles—l beg to ask the gentleman from
Pennsylvania to give mo a portion cf his time,
that I may make a feu remarks in reply to the
gentleman from Massachusetts.
[Cries of "no, no; object."
Mr. Kunkel, of Pennsylvania. If the gen
tleman makes a "War speech, we want all around
to make war speeches.
Mr. Sickles—l want to make a peace speech.
Mr. Kunkel, of Pennsylvania. I object : and
hope my colleague will not yield.
Mr. J. Glenoy Jones—At the opening of the
sesssion of Congress, the Secretary of the Treas
ury, in submitting his estimates and his reports,
referred to the condition of the finances of the
country generally, and particularly to the re
cent revulsion. From a full treasury with a sur
plus of twenty to thirty millions of dollars on
the 4th of March lest, we have now a deficiency
of $20,00,000. Ido not propose to go into an
argument to show the causes which produced
this very extraordinary result. There are a
great many different theories on the subject. I
simply Virifih to confine myself to facts, and I:ava
every gentleman to make up his own mind, or to
adopt his own theory and carry it into practice,
if he can.
I had intended, if this bill come up at an ear
lier day, to have occupied the full extent of my
hour in debating fully and frankly- in all ite
hearings our revenue system—a subject which
some gentlemen seem to think there is a dispo
sition to avoid upon this side of the House. It
is sell that we have an empty treasury, that we
have borrowed $20,000,000, and are about to
borrow $15,000,000 more, and yet that the Com
mittee of Weys and Means is entirely silent as to
the mode of replenishing the treasury. I would
ha the last man to bo guilty of an omission of
this kind if it were in the power of the Com
mittee of Ways and Means at this particular
period to remedy this evil. Bat I know, every
gentleman in this House knows, and the country
kno-ds. that an adjustment of the tariff at this
particular juncture•would not add a dollar to the
revenue, and we know the additional feet that if
a protective tariff were imposed at this pr:tlect-
lar period upon the people, so for from benefit
ing either the revenue or any interest of the
country, it would entail evils upon us that gen
tlemen upon the other side of the: House would
be the first to disavow and tp hold ue responsi
ble for. If the tariff at thin session were put at
no per cent. it would not yield one dollar of rev
enue. In consequence of the cessation of im
ports, no tariff could affect either the revenue
or the manufacturing interests. The attempt
and failure would only unsettle and confuse in
stead of giving stability, or inspiring well-found
ed hopes for the future.
But it is sent forth to the country that we are
unwilling to afford relief even on our own princi
ple. We have often proclaimed to the whole
country that we are not in favor of a tariff for
protection alone, but that wo are in favor of a
tariff for revenue, and that under such a tariff,
with revenue for its object, we will at all times
do every thing that we can consistently with this
principle to incidentally benefit our domestic in
terests. That is our position, and if any gen
tleman will show me now how any adjustment of
the tariff can be made upon that principle that
will yield revenue and benefit the country, I am
ready this moment to act on it. I have seen no
guch practical suggestion anywhere. There must
bo a revival of trade ; we must have importa
tions before any tariff of any kind whatever can
produce any effect ; and it is for this reason, and
this alone, that I have proposed that we shall
wait until there is a sufficient revival of trade,
that we may see how to-adjust the tariff with a
view to secure revenue, give stability to the sys
tem, and encourage cur own domestic industry,
before we attempt to tinker with it. I have no
hesitation in saying now that I shall not favor
any tariff hereafter that is alone for protection
in any of ite.features without revenue for its ob
ject, but if I find after a revival of trade that
the present tariff will not fulfil our expectations,
then, and not till then, I shall be ready to go into
a movement that will give ue, on that principle
and on that basis, sufficient revenue to meet—
not, as some of my friends hale intimated, ex•
travagant expenditures—l ut the legitimate ex
penses of a government economically adminis
tered.
I suppose it is hardly necessary for mo to
say that I am is favor of the postal system be
ing generally self-supporting. I am willing to
go by judicious legislation for a self-supporting
system both inland at-d foreign, and this can be
effected without increasing the rate of postage,
by reforming the abuse of the franking privi
lege. The reason why Ido not propose it now
is precisely the same reason as that for which I
am not willing to act upon the tariff. lam not
willing to run pell-mell into a system of legis
lation at the heel of the session, changing laws
in appropriation bills. Bat lam Filling, in the
regnlar mode of legislation. to reform and re -
viso the postal system, foreign and inland, and
estoblish them on a self-supporting basis.—
Having thus given my - views, 1.,wi1l not now en
large upon them. I have said this much be
cause it was perhaps due to the positron which I
occupy, and because hints have been thrown out
from various quarters, coming, too, from my
own State, ;bat I had the power but lacked the
inclination to come to the relief of,the country,
and was disposed to allow Congress to adjourn
without even expressing my sentiments in re
gard to the amount of this loan now asked for.
The revulsion of the current fiscal year, I have,
already remarked, was very sudden and unex
pected. No man could foresee it in all its bear
ings. Under our laws the Secretary of the Treas
ury is required to report to Congress, each ses
sion, the acts of the past, and to estimate for
the expenditures of the coming fiscal ydr. He
is required to render an annual report to Con
gress of the expenditures and disbursamenis of
the government, and to submit to Congress, at
each session, printed estimates in detail of all
expenditures that will be required to carry on
the government for the next fiscal year. Our
government, from its very foundation, has look
ed for revenue to a system of indirect taxation,
by the adjustment of a scale of duties on imports,
known as the tariff. Equity requires that we
should, in adjusting it, throw the burdens on
property and exempt, as much as possible, the
evil of capitation taxation. Direct taxation
would impose nearly the whole burden upon the
personal, real, and mimed estate of the confeder
acy, relieving production and persons compara
tively free, upon the generally-recognized princi
pie in free government, that property shall bear
the burdens of government es a consideration
for the guarantees of inviolability and protection.
Wo should, then, if we adopt the indirect taxa
tion system, adjust it so as to throw its burden
on property. The tariff should discriminate with
revenue for its object; it should bear. lightly on
articles of necessity—of general 'consumption—
and heavily on articles consumed by capitalists,
or requiring capital for their production. The
revenue of the country, under any tariff, neces
sarily depends mainly upon the crops and pro
duction generally, (I mean, of course, a safe,
steady revenue,) and our capacity for exporting
those staples. Steady . exportation will increase
importation, and safely, too, in that ratio, and
consequently enlarge the revenue, by the receipt
of imposts. Disaster,'however, is.sure to follow
the loss of their equilibrium, asbetter experience
is now teaching us. Of late years our taiports
have vastly exceeded the safe standard, both in
quantity and quality, and, thus engendering
overtrading and a bloated credit system, have
brought us to a dead halt. This apparently over
flow of means has led tho government Into a
scale rf expenditures whioh never would have
been brought about if it had not boen for the
great apparent prosperity of the country.
In this condition of things, the Secretary of
the Treasury has been compelled to submit his
estimr,tes to C Ingress, based upon the condition
of t-aue for the lest twelve months—he must
calculate fcr the future. Among the existing
fluctuations of trade, the derangement of the
currency and a hundred other perplexities aris
ing cut of the panic which we have just pass
ed through, it was impossible for human foresight
to prepare for nil contingencies. He asked at
the opening of the session for $20,000,000. He
asked for that amount in treasnry notes, and not
as a permanent loan, because he hoped that
trade would nvive and sufficient revenue flew
iato the treasury to suporcode the necessity of
relying upon anything but the current receipts
to provide for the current expenditures of the
Government—a temporary credit relieving a
temporary revulsion. He hoped that, in another
quarter, trade would revive to such an extent as
to enable him to say to the oonntry that ho
wanted no more money outside of the receipts.
Money was plenty in the country, and being only
panic, stricken, it was supposed that the paraly
sis would be temporary. That hope has been
disappointed, not in the abundance of money,
the crops, nor the exports, but in the revival of
trade. The ststemento I will lay before the
House will show that not only has trade not re
vived, but that it hes fallen off; and that, while
the revenue has been diminishing for the last
three quarters, the expenditures have been in
creased by the Utah war, and the demand for
the payment of debts incurred when the treasury
It has thus become the duty of the
Szer.ldary of the Treasury to bring these facts
to our attention and ask for this additional
loan: In his eatimace presented at the open
ing of the seselon ho did not include or antici
pete the appropriations of $10,000,000 of defi
cienri which became necessary to be supplied
to the Ucah expedition.
La submitting his letter asking the loan, with
the estimates, &,e, all of which I will have ralacl,
you will perceive that he states ho has called
upon the several departments of the government
t 3 ascertain the probable expenditures for the
next fiscal year e - :mtneme,trig with July and ending
t - ri h December, and the result has been that the
amount reauized will be $37,000,000.
This loon bill bss been kept back by me in
order to Fee ghat plovision would be necessary
in view cf the spprepri.Ltier. billy, and other bills
requiring money !rich might pars Congress.
The Secretary of the Treasury estimates the re
ceipte from customs and other services for the
two qu:.r:C:%: , . of the nest ti3ciil year at $25,000,-
000. ThiO, tilled to a io,.n of $15,000,000,
would giv•' $-10,000,000 to meet $37,000,000 of
expenditures ; bat that $37,000,000 is based
upon estimates cf the department exoliasiro'of
any appropriation made by Congress in the way
of private bills, or increased appropriations be
yond the estimates of the department. It is for
the purpose of ascertaining what the difference
may be that the loan bill has been held back by
me ; but, inasmuch as the House is so far in ad
vance of the Senate, I think it proper to submit
the bill in the form in which it originated in the
Committee of Ways and Means. It authorizes
$15,000,000 to be borrowed on the credit of the
government for fifteen years. If it passes the
house, it will then go the Senate, and between
this time and the action of the Senate, the ap
propriation bills being passed, the tweet:luting
officers of the treasury will be enabled to ascer
tain very nearly the amount which will be re
quired; whatever above $15,000,000 it reaches
will he sent to us as an am:ndment, and when it
comes here it will be utt,.trstood that the in
crease is demanded to meet the requisition of our
recent legislation. I send to the clerk to beread
the letter of the Secretary on the subject, The
clerk read as follows:
TREASURY DEPARTMENT, May 19, 1858.
SIR :—ln view of tho early adjournment, I desire
to call the attention of Congress to the present con"
ditioa of the finances of the government.
In my annual report I estimated that there would
be a balance in the treasury, at the end of the pres
ent fiscal year, of $428,875,67, which would have re
quired a deficiency in our resources of five millions
of dollars to be provided for; as that amount is ne
cessary, at all times, to bo in tho treasury for its
prompt and successful operation. This estimate was
based upon an expenditure limited to the appropria-..
Cons thou authorized by law. Since that time the
demands upon the treasury for the present fiscal year
have been increased by legislation to an amount not
far below ten millions of dollars. Another important
element of that estimate was the probable receipts
from customs and other sources during the then three
remaining quarters of the fiscal year.
The actual receipts for that period, it is now bo
lieved, will fali ten millions below that estimate; at
tributable to the fact that the trado and business of
the country have not, recovered as rapidly from the
effects of her revulsion as was then anticipated.
Owing to these causes the twenty millions loan 'of
treasury notes authorized by the act of December 23,
185 T, will be exhausted in supplying the deficiencies
in the treasury for the present fiscal year.
Wo ehall commune° the next fiscal year dependent
entirely upon the currout receipts into the treasury to
meet all demands from it.
In reply to a call upon the heads of the different
departments. I havo received official information that
the sun of $37,1100,000 will bo probably called for
daring the first two quarters of the next fiscal year.
This sum does not include such amounts as may bo
appropriated by Congress over and above the esti
mates submitted to them by the departments, end I
have no data upon which to estimate for such expen
ditures. Upon this point Congress is bettor able to
form a correct opinion than I am.
To moat these expenditures, it is not prudent to
rely upon receipts into the treasury, estimated upon
the too rapid revival of trade and business. I believe
that we may safely calculate urea receipts, during
that period, from all sources, of $25,000,000. Look.
ilia to this state of things, I recommend that author.
ity be given to this department to supply any deficien
ciee that may arise in meeting the demands upon the
ueasury by an additional loan not exceeding fifteen
millions, of Wier&
In view of the amount of treasury notes already
issued, I recommend a loan for that amount, to be
negotiated for a period of not more than ten years,
at a rate of Interest not exceeding six per ocntum.
I have confined this inquiry to the two first quer.
ters of the next fiscal year, as Congress will
semblo before the close of the second quarter, and it
will then be time enough then, should it become ne
cessary, to provide for future contingencies that can
not pow be foreseen.
I do not recommend any measure for increased
taxation. It would be unwise at this time to at
tempt a modification of the tariff act of Much 3,
1357, for the reasons given in nay annual report to
Congress. Sufficient time has not elapsed to test the
effects of that act upon the revenue, considering the
condition of the country during the period of its
operation. In addition to this consideration, neither
the rceeipt3 nor the expenditures of the government
should be estimated for in tho future, upon the basis
of its present receipts and expenditures. The former
have bean, and still are, too seriously affected by the
late revuleic•n, to justify a policy of legislation based
epee a probable continuance of this state of things
for any conriderabla period of time.
The latter have been so greatly increased by causes
of a like temporary character as to preclude, with
equal propriety, the policy of considering them as a
basis for estimating future expenditures. The most
prominent of these temporary causes is tho Utah
expedition, which, it is hoped, will not reach beyond
the end of the next fiscal year. During the period
of an overflowing treasury, a system of expenditure
was inaugurated in the building of custom houses,
post offices, court houses, and other public works,
which, fortunately for the country, has been checked
by the exhausted condition of the treasury. The
time thus given for a more thorough and rigid in
quiry into the necessity and propriety of these ex
penditures, it is confidently believed will lead to
wise and salutary reforms. Retrenchments in other
branches of the public, service can, and I hive no
doubt will, be effected. Attention should ho directed
more to the reduction of expenditures than to an In
crease of taxation, to remedy the evils of an excess
of expenditures over the means of the government.
A fall treasury is an unpropitious element in the
I work of retrenchment and reform. If measures
should be now adopted to provide the treasury per
manently with a sum equal to the present demands
upon it, it might relieve the government from some
of its 'embarrassments, but would greatly weaken
the efforts to restrain the government to an economy
ical expenditure of the public money.
The revival OTAtisiness, which cannot be much
longer delayed, will, I am confident, insure from the
present tariff a sufficient revenue for the support of
the government in ordinary times. . _
Extraordinary expenses rendered necessary 'by
causes equally extraordinary, always being of a tem"
porary - Character, should be provided for in a like
.temporary manner.
This principle is too plain to require argument or
illustration; it is only necessary to call attention to
~ `Y'~' :..s.
_ ay tr.y Y .
BIM
NUMBER 2.35,
it to command tho approval of every intelligen
mind.
I am, very respectfully,
HOWELL COBB,
Secretary of the Treasury
Hon. JAIMEI L. Oan,
Speaker of the House of Represensatlvee.
Mr. J. Glancy Jonos.-1 submit slso an esti
mate and tabular slatement showing the amount
of the public debt on the 21st of May, 1858. It
will be seen that the $15,000,000 loan is made
payable at the end of fifteen years, so that the
bonds may fall duo beyond the day on which the
°resent funded funded debt falls due.
Statement Shoeing the Amamit of the Pub'fo Debt on the
21st rf May, 1555,
Amount.
$L883,364 11.
7,000 00,
0,412,700 00
5,908,341. SO
3,161,000 0!)
::‘,T;0111 62.
Loans, &c
Loan, 1872
1816
1847
" 1348
Texas ind exn o ity
Texas debt
Old funded and un
funded debt
Treasury notes
114,115 . 5*
107,961 00
$25,157,058 27
This public debt, amounting to upwards of
$25,000,000, ,all falls duo between the present
time and the year 1868. The present loan is
purposed to be mr.. , de for fifteen years, which
will be flea years beyond the period when our
present public debt falls duo.
The following is a oteternent of the treasury
notes finned under the :lc' of 23d December,
1857:
Treasury Notes under Act 23d December, 1867.
First issue, $6,000.000, recleomabla from 26th"
Decembor, 1858, Co 31st December, 1859; Becl
oud issue. $ 4 3;000.000. redeemable from 15th
March, 1859, to 6th April, 1859 •, third issue,
$5,000,000, redeemable from 11th May, 1859,
to. _ . _ _ _
, fourth iSSI/0, $4,000,000, re
deemable from June, 1859, to
making $20.000,000
I hsTa thus given ra exhibit of the public debt
up to the 21st of Mu, 1858. •
I have tiso etatrment of the receipts into
the treasury for the first throc•quarters of the
lical year ending thc , 3t.);:!3 of June, 1858, from
all sources. It is £l,l lode 's:
Receirts into th• Tre7su,y for the first, second, and third
quarters fiscal year ending 30th Tune, 1858.
I CO 4 .
a pip
.g. P-3
F 1 'Pqs :
i 4EL ''' , ,a, t'rg I c., CI O.
VS ,ca
.g = .
ig rg . .M ' 1 . ,0, ;
p. '... V ri "s a ii ti F 4
. ii t-e 4
Er
.• EI .."' g . 31 5 . ..,
:0 =, F '''' = en 1. 0 V,
—....--. —.----
Cluetorna. !
'10.573 729 37 6,2.07,723 69 , 7,127,900 69
Sales of 441b1k, land , : 2,059,149 39 498,741. 03 400,938 88
incidental.. ...... ... . 296,641 05 650,159 78 393,010 78
Treasury not,N, hot
231 Dec .1c57 11,087,600 00
Loan, act 29th Jan ,
1817 160 001
TRUST P U NUS.
Sraithaoniao Inat'to 8.403 85 26,724 64
Chickasaw fund 33,050 44 34,649 41
--
120.006,492 10 7,092,665 00 19 151,402 43
Thus it appears that the receipts for the first
quarter of the fiscal year were $20,929,819 81,
while in the second quarter of the same year,
they were only $7,092,965—a falling off from
twenty millions to sevon millions in one quarter
of tho same fiscal year.
I have aho prepared a statemout showing tho
amount of imports and exports for the first three
quarters of the same fiscal year. It is as fol
lows:
Imports and Exports for Me . firse, second, cr4 third quarkr:,
IMPORTS
ca
„ , ,2
;1
''''
Dutiable.
Free
Foraign—Datlable
ee merchan
dive
Specte -
Domeatic—Merchandiee
I have also prepared another table showing
the estimated receipts end expenditures from the
first of July, 1858, to the 31st December, 1858,
and also ono for the four quarters of the fiscal
year ending 81st June 1858. It is understood
that the loan pelted for now, together with the
estimated receipts, is to cover the expenses of
the first two quarters of the next fiscal year,
commencing July let. In consequence of the
unsettled state of, trade we have no reliable
basis upon which to make the estimate, but wo
can approximate to the rum. By the first of
January next we will have light enough to know
just how we Wand, and then N7ill be the time to
raise our tariff and everything connected with it,
according to the exigencies of the times and the
indications of the future,
The appropriations made at the present -tits
eion of Congress r,iil amount to probably $68,-
000,000. Of this, however, but $58,009,000
will bo required for the fiscal year 1859, the
residue being incident to the fiscal year 1858.
Thus nine millions and up - 4.erde for deficienoy
of 1858 is no part of the ernimary expenses of
the government. We :nn enmo back in time to
the ordinary standard without any great diffi
culty by retrenchment and reform. That re
trenchment and referee only begun at this ses
sion of Congress cannot oe Effective. It must be
determined on at tie next session of Congress
by legislation.. Thera is co man in the country
so wanting in latenigenee as not to know that
under the system cf enormous land grunts for
railroad purpeses, and under the system of
squandering the pablio money in building cus
tom house monuments all over the country,
inaugurated under a plethoric treasury; we can
never reduce the expenditures of the government. .
We have now gone on from somethingelike $50,-
000,000 a year to an eapeoditure of $70,000,000
or $80,000,000, not over two-thirds, of which is
legitimately expended for the purpose simply of
conducting the government. I believe it is in
the power of the democratic party—and it will
be responsible for it—to bring us back to a
proper condition of economical expenditure; but
to enable us to do this we must first pay off the
legacy entailed upon us of old debts incurred by
thin system of unwise le illation, and begin our
reform by discontinuing the practice. Our
foreign relations now require an expansion in
only one direction—the increase of our navy.
That is a legitimate eXerCie,o of the powers of
government, and necessary to maintain our
propos , position in the family of nations. When
the governinent has cereed to build custom houses
and to multiply them ell ever the lend, and ceased
also to convert ever , / depot in the country lets
ports of delivery; when the capitol extension is
completed, which may be in a year, and the other
public buildings, Patent Office, Poet Office Ex
tension, Treasury, the Aqueduct, and whets all
these incidental expenses are net rid of, it will
be within the power of the democretie party,
under the eouneels of cur present PrCHlikat, to
bring down the expenses of our government to
$55,000,000 a year. I hope to see this realized
in 1860. lam in favor of this reduction. It is
utterly impossible for any party in - power to bring
about this reform at once. The greet point to be
aimed at is not to exhibit e, parsimonious econo
my inyepucliating our past debts, no matter how
recklessly contracted, nor id chene. ' ing laws in
appropriation bills; it must be done deliberately
and systematically. It is not to be done by
beginning at the heel of the Z:05'51011 to exhibit a
spirit of wonderful reform in sealing the public
debt; bat you must begin at the beginning. Let
the democratic party, which certainly holds
power in this House during another session
(and if it will not go for retort!), it does
not deserve to be in' power any / longer, and
holds the Executive and Senate/for several years
to come,) commence at the binning of the ses
sion, end we will cure the 9vii. It will not do
to exhibit a wonderful di play of economy just
ome or two days beforntho adjoarnmentb.om
session in fillibiestervag'..on appropriation .
have to say, with all due reference to my vends
on both sides of the House, that the opt%
understands exactly what that is worth N
capital is not made by it by any party.
ESIBENE
When Redeemable
. 31st Dec. 1862.
. 12th Nov. 1856.
. Ist Jan. 1863.
let July,lB6B.
let Jan. 1885.
On presentation
ggi I Pr:
i: 7 1. 1 3 , 44
-cer
• p C.
11,472,521
-2 , 525 545
£+9,042 357
17,448 321
38,547,273'
16,122,777
12,509,148
2 429,2 CC
99,688,719
67,239,198
108,919 947
2,475,139
1) . 767,488
3,666,7 43
932,C94
2,467,693
11 07.4( 1 26
11,461,361
2,23 , 3,005
4,569,252
59,593,780
11,153,025
1401,542
2,059,913
37,306,740
14;319,112
88,304,118
24,420,L12
00,814,058