RIGHT OR WRONG.
WHES RIGHT, TO BE KEPT RIGHT,
WHBN WBONG, TO BE PUT RIGHT.
' EDEXSQFRG :
THURSDAY :::::::::::::::DECEMBEK 24.
The Three Hundred Dollar
Exemption Clause.
We are told that the 'present Congress
i likely, within a few days, to repeal this
1 provision in the A6t of Congress, fixing
$300 as an equivalent for military service.
If this repeal is yielded to the clamor that
' was raised against it, we are convinced it
will be against the better judgment of the
'members of Congress passing it. The
Pittsburg Commercial asks, why should
we not have an equivalent in money for
military service ? Nearly every European
nation has this fixture in its laws. If it
is not thus, jndeed, the draft becomes
onerous ;to the poor man. The wealthy
.who do not desire to go will of course find
substitutes at 300 81,000 if need be
$3,000. Some money equivalent should be
fixed in the laws, unless that Congress
will go the whole length, and utterly pro
hibit a substitute under any circumstances.
We do not say that $300 is the exact
equivalent. Perhaps it ought to be more,
but, having commenced to act under the
law, it is unjust to the names already in
the wheel to either repeal the clause or
increase the amount. It we must have a
new enrollment, why, then, let this matter
of its entire repeal come up on its merits.
But, when the General Government has
the names already in the box one-fifth of
.which have been drawn out under the
existing law why should the other four
fifths have any such radical change made
as "is now contemplated? The thing
utrikes us as preposterous. Those names
already drawn from the wheel submitted
to the law, and yet, if one-half the changes
now proposed become law, the other four
fifths will be forced to submit to an entirely
new set of regulations.
. The time has not come to adopt radical
changes iu this act. As soon as, and no
sooner than the names in the present box
es are exhausted, and a new enrollment
has to be made, can those wholesale
r
changes be engrafted by Congress in the
law.
It is said that Copperheads raised a cla
mor against this 300 feature. So they
would if Congress should re-enact the
Lord's Prayer, the Constitution, or any
thing else. 13ut the public enforced this
law in 18G3, will enforce it in 1864, or
any other time nntil this rebellion is ended.
AVe do not care what Copperheads say ;
the probabilities are that it was right,
because they assailed it. If you wish to
please them, you would have to repeal all
laws allowing the State or the Union to
suppress this rebellion.
As soon as the nation has exhausted the
names collected in the box, then let us
have a new Act of Congress, based on our
experience of the workings of the present.
JBut while we have on band the names
furnished by the last enrollment, let us
not change until all have had their
chances under the same law. Equity 13
equity. If the first fifth had submitted
to the existing law, so should the other
four-fifths, whose naaies are already in the
box. '
We have no right to reject the Acts of
ConTCSfl, and thus subject the names
heretofore obscure to the chances of a new
deal. Nor have we. a right to subject
tbem to any harder terms than were im
posed on those first drawn.'
If this three hundred dollar clause is
now repealed, why then Congress may say
that no substitute shall be allowed, and
thus the remaining names be subjected to
terms ten times as onerous as were imposed
on those first drawn. With all its imper
fections we'should make no radical changes
in the Act until all the name's in the
wheel have been drawn, and all had an
equal chance to serve their country to
exemption under its disability clauses, or
else have paid their money equivalent.
tgk- Late news "from Washington seem
ro indicate that the draft will be postpo
ned twenty days. There is great diversity
of sentiment among the Congressmen as to
whether the 8300 clause of the Conscrip
tion la vr ought or cught not to be repealed.
It iV believed the commutation will be
ultimately increased from $300 to 500.
JottlngH from Washington.
Washington City, Dec. 17 1 1863.
To the Editor 0 The Alleghanian i
On Monday, the standing committees
for the session were announced in both
Houses of Congress. In the Senate the
committees are first selected by a com
mittee appointed for the purpose, and are
then confirmed by a ballot vote of the
Senators themselves. Generally, the
nominations by the Select committee are
indorsed nem. con. In the House the
committees are appointed by the Speaker,
and there is no revision "of his choice.
After the committees are constituted,
vacancies which may arise by death, res
ignation or otherwise, are filled respec
tively by the President of the Senate and
the Speaker of the House. A glance at
the committees themselves : In looking
over the list of the Senate committees, I
.observe that Senator Cowan is a member
of the Finance committee and chairman
of the committee on Patents and the
Patent Office. He was chairman of this
committee during the last session. Mr.
Buckalew is a member of the following
committees Post Office and Post Roads,
Pensions, and Indian Affairs. In the
House list, Hon. Archibald M'Allister is
a member of the very important commit
tee on Military Affairs. Coffroth of
Somerset is a member of the committee
on Revolutionary Pensions and the Ex
penditures of the Interior Department.
Dawson, who succeeds John Covode, ia a
member of the committee on Foreign
Affairs. The two Pittsburg Members
occupy honorable positious. Moorehoad
is chairman of the 3ommitte6 on Manu
factures, and a member of tbe oommittee
on Naval Affairs. Williams is a member
of the J udiciary oommittee. Judge 'Hale,
of Centre county, is chairman of the
committee on Claims. Pennsylvania, by
the way, furnishes more chairmen of
committees than other State, except New
York, which, supplies an equal number.
In addition to Kennedy Moorehead and
Judge Ilalo, already mentioned as chair
men respectively of two important 00m
mittees, Thaddeus Stevens is again chair
man of Wajs and Means a position
whicb carries with it the leadership of the
dominant party in the House ; Thayer, of
Philadelphia, is chairman of Private Land
Claims; and .Amos Myers, of the "Wild
Cat district," is at the head of the oom
mittee on Expenditures of the Troasury
Department. . - ;
Some anxiety has been felt as to the
course the Hon. Reverdy Johnson of
Maryland would pursue in the Senate on
the great questions of the day. ' He is
one of the ablest jurists and most profound
statesman in the country, and his influence,
it was felt, would be irritating and dam
aging to the Administration if cast in the
balance against it. But the anxiety has
been dispelled, and Reverdy Johnson is
all riht! The Fernando Wood and
Garret Davis side of the scale kicks the
beam. In a speech delivered in the
Senate on Tuesdav, Mr. Johnson replied
in a strain of the loftiest patriotism and
most convincing argument to a dastardly
attack by Garret Davis upon the pelicy of
the Administration with regard to the
negroes, and its motives in prosecuting the
war. While he did not unqualifiedly
indorse the wisdom of the emancipation
policy, he yet approved in unequivocal
terms of the policy which armed the blacks.
The President had the right under the
Constitution to do this. The safety of
the nation required it. As to slavery
itself, he did not defend it; it oould
be defended on no plea, human or
divine. The speech will gladden the
hearts and strengthen the hands of the
emancipation party n Maryland, Delaware,
Kentucky and Missouri. They have
found a champion of their cause in the
person of the man they feared might be
the leader of their enemies. A Border
State man himself, he will possess the
respect and confidence of loyal slavehold
ing communities to a greater degree than
any other Senator from a Slave State.
Rapidly and earnestly the Border States
are wb.eeHro into the line of unconditional
and antt blavcry loyalty, and they can
have no fitter exponent- of their views on
the floor of the UniteJ States' Senate than
the venerable Senator from Maryland.
Fernando Wood and his party . foud
themselves in a minority of thirty the
other day when they presented in the
House a resolution to send commissioners
to Richmoud to offer propositions uf peace.
The resolution was raid on the table by a
majority of thirty. As the vote was a
test of tbe strength of parties, it was
significant. The Peace-at-any-price party,
will not give us as much trouble as it was
supposed they would. Many so-called
Democrats will refuse to countenance the
cowardly schemes of Northern submission
ists, and will zealously support on the
floor of Congress the war measures of the
Administration.
The country has met with a real loss in
the death of General Buford, which took
place at the residence of Gen. Stoneman,
in this city, last evening. His disease
was typhoid fever, following protracted
chronic diarrhea. He was one of the beat
cavalry Generals, if not the best, the
service could boast. It is said of him
that, while he was always vigilant, and
always daring where there was hope of
success, b.e never sacrificed a life unneces
sarily or recklessly. The country will
read with pleasure that the President, on
learning yesterday that the eyes of the
brave Kentuckian were about to close
forever, at once sent him a commission as
Major General. Mr. Lincoln's kindness
of heart never forsakes him. He has
done this thing before.
I have just learned the faeta in a little
romance which I jot down for the lady
reader of The Alkahanian. One of the
new Members of irees from the State
of Maine ia the Hon. James J. Blaine, of
the Augusta district. - This gentleman
was born and grew to manhood in Cum
berland county, Pennsylvania. From there
he went to Washington, Washington 00.,
and, we think, became a teacher of math
ematics in the Seminary there. Possibly
he may only have been a student , in the
College. The faoi is not essential. It is
enough to know that while in Washington
he fell in love with and married one of
the lady teachers . in the Seminary a
Yankee girl, all the way from Maine. That
love scrape settled his destiny, and a
fortunate one it has proved to be. Blaine,
of course, visited Maine with his wife,
and so pleased was he with the attractions
which that young State presented, that he
resolved to make his home among his
new kindred. He became an editor, and
a good one; studied law; went into politics;
was elected several terms to the Legisla
ture; becauio its Speaker; was appointed
Chairman of the Union State Committee
last Summer ; and finally was elected to
Congress. He ia one of the most popular
men in the State, and, we are informed,
the most influential even Vioe President
Hamlin's star having paled before hi,
lie Is still a young man, and .will' -0
higher. He is the first Pen nsy Iranian
who ever represented a Yankee constitu
ency upon the floor of Congress. And all
through his falling in love with a Yankee
school-mistress 1 -
The rainy season corresponding to the
snow and ioc, the sleigh bells and froien
apples of the North- has commenced
along the Potomac The campaign of
Gen. Meade for 1863 may be considered
at an end. J. M. S.
t(&The steamer Chesapeake has had a
a short voyage in her new capacity of
Confederate pirate. Unable, from lack' of
men and coal, or afraid to put to sea, the
murderers who seized her have hung
around the small harbors of Nova Scotia,
nntil justice has overtaken them. The
Ella aud Annie (herself but a few weeks
since caught in trying to run the blockade)
caught the Chesapeake in Sambro harbor,
30 miles from Halifax. Unfortunately,
nearly all the crew escaped and took to
the woods; only three of the men who
assisted in the seizure were taken, the
others of those caught having been shipped
in Nova Scotia. The gunboat Dakota
soon after came up and ordered both -the
vessels to Halifax. Upon their arrival at
that port, intense excitement prevailed and
a crowd at once rescued the pirates. Tbe
British Government officials who attempt
ed to hold them, were seized by prominent
citizens, and prevented from performing
their duty. . The pirates H escaped and
were seut off out of danger of further
molestation.
The Indiana American says that
the resignation of Major Harry White,
State Senator for that county, arrived there
on last Wednesday, having been smuggled
through the rebel lines by Sergeant Ho
sack. It is in the hands of his father,
Hon. Thomas White, who ia authorized to
forward it to the Governor. The Judge,
we understand, is making a final effort to
have the Major exchanged, and in case he
fails, the resignation will be forwarded to
the Governor, who will order a special
election to fill the vacancy. The nomina
tion will be made by the County Commit
tee. A . Sunday paper says : "Gen.
M'Clellan is now engaged upon a series
of articles shortly to be published in a
poplar journal. They will be published
as an electioneering document, in con
nection wiCb his report. A life of
M'Clellan by a popular New York journ
alist is also under way ; and the three
his life, Ms report, and his explanatory
articles will probably be published some
time during tho coming March. It is
believed that these pubiicitions, with -his
supposed popularity with the people,
crve him a very fair show for fne P
will
resi-
dency." "
Qulll-Drlves.
8. See new advertisements.
B, Slip-up'-pery the pavements.
t A nuisance the new postal currency.
BgU Snow go the sleighing hereabouts
as yet.
The. Confederacy's "last ditch" the
Slough of-Despond. '
""" B3u The Pennsylvania Legislature meets
on the first Tuesday ia January.
Ig-UThe wife of ex-President Pierce died
at Andover, Mass., on the 2d inst.
jftg- Read it the Christmas story on to
day's outside.
ESS Ponder over it the narrative of bar
barities inflicted upon our soldiers in Libby
Prison. J
Played out the strike of the Broad
Top coal-miner3. . They have returned to
work at old wages. .. .
... Gen. Buford, the distinguished cav
alry officer, died in Washington city on the
lCth, of typhoid fever.
a.Late advices indicate that the guerilla
Morgan, instead of being in Canada as wa3
reported, has arrived safely in Dixie.
VSTy Doe not the Dem. k Sent., in giving
the prefix to our cognomen thus, "MR.,"
make a. capital fellow of us ?
The Dem. k Sent, talks about & "click"
of Abolitionist. Like the weather for the
past week, this is a very severe spell.
ttm A. dolor-ous query to non-exempts
Will Congress repeal the $300 clause of the
Conscription Act?
The Dem. k Sent, says that a couple
of hogs were poisoned lately by eating a stray
copy of The Alleghanian.
We hope our neighbor wasn't one of them.
. Home on a vist Jack Rhey, for sev
eral years back a departmental clerk in Wash
ington lit j. lie is one of nature's own no
blemen. M& In a squib last week, the Dem. k Sent,
insinuates that "Campbell" don't write the
editorials for the Johnstown Democrat
When rogues fall out, ete.
- B$3tu By decision of the State Superinten
dent, school teachers are exempt from duty
on Thanksgiving days, Christmas, Washing
ton's birthday ani the Fourth of July.
The Johnstown Democrat boasts that
it contains more reading matter than any
other paper in the county.
What it lacks in quality it makes up in
quantity.
. BjS"U. Our Devil says we hare already had
several changes as regards the matter of the
incumbency of the Stewardship of the county
Poor House, and the people now call for one
Moor. . j ,;-. 7
1. The Dem. k Sent, calls "MR. barker"
the cttenitiU editor of The Alleghanian.
The difference between ourself and the D.
k S. man, then, la thia : We are an ostensi
ble editor he an asstensible editor.'
Capt. Thomas C. Williams, of Co. C,
19th TJ. S,' Infantry commander of a compa
ny recruited in this county has been ap
pointed Assistant Adjutant General on Gen.
Rousseau's staff.
' K, Excursion tickets will be issued on
the Pennsylvania Railroad on the 24th and
25th inet., good for a return trip on the 28th,
and on the 31st inst. and 1st January, good
for return on tbe 3d of January.
t&" The Rebel authorities decline allow
ing any more supplies to be sent from the
North to our suffering soldiers in Richmond.
Cause why the Northern press has charged
the officials at Richmond with misappropria
ting said contributions.
MSF We hare been so lucky as to secure
the services of an able Washington corre
spondent, who will during the session of
Congress favor our readers with a weekly
budget of news transpiring in that metropo
lis. See his initial letter elsewhere.
3"Alot,of prayer-books just received
and for sale by James Murray." Dem. Sent.
-We would respectfully suggest that the
editor ot the D. k S. enter into negotiations
looking toward the purchase of one He
needs "something of the sort badly.
SSy Our Devil, who 13 a "gay and festive
cuss," asserts that if the Ladies' Fair of
Johnstown, for the benefit of the new Cath
olic church, only prove half so attractive as
the Fair Ladies of Johnstown, the enterprise
must needs be a. success and give unlimited
satisfaction. .; .
s. Apropos of the new year: An old
female contraband with the Army of the Po
tomac places upon record the following
prophecy .
4In sixty-one, the war begun ;
In sixty-two, it was half through ;
In sixty-three, the niggers were free ;
In sixty-four, the war will be o'er."
If nature had kindly provided the
editor of the Dem. k Sent, with a caudal ap
pendage which is evidently an unpardon
able omission on the part of nature why
would he then. strikingly resemble his edito
rial columns of last week as encroached upon
by the publication of the President's Mes
sage? Because he as well as they would be
"cur-tailed."
tgThe Erie Observer, an obscure news
paper published somewhere in the vicinity of
Canada, gays that the Johnstown Democrat,
another obscure journal published in the
south of thia county, is 'one of the smartest
and neatest papers in the country." Where
upon, the Democrat, acting upon the princi
ple possibly that one good turn deserves
another, turns around and calls the Observer
"a 'live' paper, spicy and vigorous."
"Tickle me, Johnnie do, do, do 1
You tickle me, and I'll tickle you."
Tlie War Power.
The war power is still our main reliance.
So the President said, after proposing to
the country a plan for the restoration of
peace, and offering pardon to the people
of the South. Unquestionably he is right.
The success of the, war is understood to be
the groundwork -of any plan for such a
peace as we require,' and until the war
power has overthrown the armie3 of the
rebellion, it will be impossible for those
who are desirous of accepting the mag
nanimous offer of the President to make
their wishes known. AIL proposals of
peace and pledges of pardon must be
preceded by a victorious army. Our
Generals are our best ambassadors to the
people we .wish tc reclaim, and where
they fail our Statesman cannot succeed.
These people are, in respect to the procla
mation of pardon, as the slave are to the
proclamation of emancipation : they dare
not accept it without gaining the assurance
that the United States will protect them
from the vengeance of the enemy.-
Within the lines of .the Union army
thousands of former Secessionists are eager
to take the oath of allegiance, and prove
by their actions the sincerity of their
repentance. Beyond those lines no sign
of loyalty is given. Wretched is the
Southerner who, being in the power of
the usurpation of Mr. Davis, dares to
express willingness to accept the offer of
the President. Therefore, a paradox
easily understood, we must conquer the
South to free the South ; we must make
the war power our main reliance in work
ing for a permanent peace. ; The phantom
of Peace, holding in her hand the delusion
of a compromise, must not be pursued, for
it leads to the reality of prolonged and
.fierce war. Peace, when it comes to this
nation, will be in the form of a United
States soldier, resting on his musket, in
the capital of Richmond.
Now that we have read the noble
message of the President and studied his
plan of restoration ; now that we have
examined the official history of the past
year, we can better understand the work
before us. We can clearly see that all
measures concentrate in one object the
strengthening of the war power. If Con
gress authorized a conscription, it was to
increase our armies ; if it authorized the
creation of a national debt, it was to sus
tain those armies ; if it gave to the Presi
dent extraordinary powers during the wur,
it was that he might use those armies with
energy ; if we have submitted to taxation,
before the rebellion unknown to us, to the
loss of our friends and relatives in battle,
to the draft, cheerfully accepting these
misfortunes and inconveniences, it is solely
because we wish to strengthen the war
power. We have abandoned all hope that
is not embodied in war ; we have scouted
the suggestion that cowardice or compro
mise could bring us peace ; our voice i
still for war, and for the war of the
giants for war, with its thousand bat
tles and shaking an hundred thrones;
for the greatest of all wars, if that be
necessary, so that in the future we shall
have the purest and profoundest peace.
We have accepted the Napoleonic maxim
that Providence is on the side of the
heaviest artillery ; not irreverently, but
from a conviction that Providence will
always take care to give the heaviest
artillery to the side which is right. ' It
follows that in simple consistency we
should cast a3 many guns. as we can pay
for.
A nation so thoroughly dependent upon
war as this nation now is, cannot afford to
wage war upon any scale les9 than Titanic.
Two thousands of millionsof dollars will
cheaply purchase peace, and maintain a
Republic wrth millions ot milliops. No
sacrifice of life can be too great if victory
is obtained by it. The grave of every
loyal soldier is an argument for still
mightier war, for vainly have our heroes
fallen if the battle they nobly begun is
meanly ended. So largely has the nation
invested in the war, that it is ruined if it
abandons the enterprise. And if we fail,
to what depth do we fall ? Our national
degradation will be .greater than our
former national glory ; our. shame will be
perpetual, our ruin irretrievable ; the
sceptre of the continent wiU havo passed
from the hands of its inhabitants. Europe
will govern. America ; the destiny of the
New World will be controlled by the
despotism of the Old.- It is impossible to
exasperate the universal evil of failure in
this war, and, therefore", impossible to
strive too earnestly for success. Let the
people of America .look, then, to their
armies. The war power of the Govern
ment is the strength of the nation, and to
increase it by men, money, and measures,
is ty legislate for freedom and build upon
enduring foundations the temple of per
petual peace.. ';'.' f
16 Late dispatches from Chattanooga
say the army will soon go into, winter
quarters.
The' situation is unchanged.
ADMINISTRATOR'S NOTICE.
Letters of Administration on the estate
of Emmeline Benson, late of Wilmore, Sum
merhill tp., Cambria county, deceased, having
been granted to the subscriber, all persons
indebted to said estate are notified to come
forward at once and settle their respective
accounts, and those having claim? atrainst it
will present them, properly authenticated for
settlement. JUSKPIl MILLER, Adm'r.
Wilmore Dec. 17, 18G3-fit.
NEW BLACKSMITH SHOP.
The subscriber would respectfully in
form the public, that he has bought out the
well-known establishment of Isaac Singer, in
the West. Ward, tbensburg, where be will
carry on the BLACKSMIT11ING busines in
all its branches.
.Confident in rendering entire satisfaction,
he hopes for a share of patronage.
WILLIAM GRAY.
i103IMISSIONEUS' SALE.
The Commissioners of Cambria con
will offer for sale at the Court HouSe
Ebensburg, on Friday, Jan. 15, A. D. 1
the following 'tracts of unseated andi'stat a'
lands, which tracts were legally purcLasedL
the Commissioners at different Treasur
sales, and have been held the time reqni"!
by la?v, and have not been redeemed by f
mer owners within such legal limitation rij
Acres Ft. Warrantee'! name. Townthio
3HJ Jacob Burn j, Clearfieli
40G
407
200
.400
500
840
1050
260
440
300
4412
437
17
113
400
1 lot
393
183
400
400
2G
50
58
400
220
324
440
441
438
220
100
387
125
50
372
50
400
200
. 40,
. 4
15
Jas. Ross, mark.
Win. Jones,
Haynes,
J. Jones,
J. Haynea,
Diffner,
' 41
X
tl
u
it
II
it
u
4
u
it
it
it
. ft '
It
tt
U
Ada:ns,
Duck.
Donaboe.
28 Richard John, Conemanira
Aoraham Andre
. Richard Smith,.' , u
John G. Brown. u
Michael M'Laughlin,
99 Rowland Evans,
William Smith,
Andrew Black,
80 Merdinand Gordon,
George Kring,
Jesse Lay ton,
Clinton Wjaginger,
William Smith,
William Clark,
150 Peter Shoenberger,
Jeremiah Jackson,
Robert Irwin,
Charles Smith, . .
John Simpson,
Henry Olden,
Manster
Richland
Summerhill
tt
tt
u
William Mulhollen,
Joseph Piatt's est.
George Feitb, . .
32 Nicholas West,
4 Samuel Leech,
Susquehanna
4
Washington
.. Frederick Hinton.
Christian Lingafelter,
. George Ross,
Jame3 Russell,
tt
u
t.
405 106 James Ruth,
160 12 Joseph Cowperthwaite.
White
175- Henry Page,
428 Zacheus Collins,
Given under our hands at the Commissioa.
ers' Office, Ebensburjr, Dec. 14, A. I). 1653
P. J. LITTLE,
JOHN CAMPBELL, V Commrg.
E. GLASS. j
Attest: W. n. Skchlvr, Clerk.
Ebensburg, Dec. 17, 18G3. '
.U. S. 5-20'S.
THE SECRETARY op THE TREAS
URY has not yet given notice of atj
intention to withdraw this popular Loan from
Sale at Par, and until ten days notice isgiren,
the undersigned, &3 "General Subtcripla
Agent," will continue to supply tbe public.
The whole amount of the Lean authorized
is Five Ilundred Millions of Dollars. Xeiir'7
Four Hundred Millions bare been already sub
scribed for and paid into the Treasury, moa'Jj
within the last seven months. The large
demand from abroad, and the rapidly increm
in" home demand for use as the basis for
circulation by National Banking Associativa
now organizing in all parts of the country
will, in a very short period, absorb the balance.
Sales have lately ranged from ten to fifteea
millions weekly, frequently exceeding three
millionsdaily, and it is well known that the
Secretary of the Treasury has ample and
unfailing resources in the Duties on Imports
and Internal Revenues, and in the issue of
the Interest bearing Legal Tender Treasury
Notes, it is almost a certainty that he will
not find it necessary, for a long time to come,
to seek a market for nnv other leng or per
manent Loans, THE INTEREST AND PRIN
CIPAL OF WHICH ARE PAYABLE IN GOLD.
Prudence and self interest must force the
minds of those contemplating the forniatioa
of National Banking Associations, as wellai
the minds of all who have idle money ou
their hands, to the prompt conclnion
that they should lose no time in subscribing
to this most popular Loan. It wilt soon t
beyond their reah, and advance to a hand-
come premium, as was the result with tn
"Seven Thirty" Loan, when it was all soM
and could no longer be subscribed for at pa:.
It is a Six per Cent Loan, th lntertil
Principal payable in Coin, thus yielding met
Xine per Cent, per annum at the present rate of
premium on coin.
The Government requires all duties on ia
ports to be paid in Coin : these duties bT
for a Ions time ptvt amounted to over
Quarter of a Million of Dollars daily, a sua
nearly three times greater than that required
in the payment of the interest on all the 5
20' 3 and other permanent Lo.ins. So that It
ie hoped thU the surplus Coin in the Treas
ury, at no distant day, will enable the Cnited
States to resume specie payments upon !l
liabilities,
The loan is called 5-20 from the fact tht
whilst the Bonds may run for 20 years jet
the Government ha3 a right to pay theme?
in Gold at par, at any time after 5 years.
The interest is paid half-yearly, viz : 0
the first days of November and May.
Subscribers can have Coupon Bonds, wliicn
are payable to bearer, and are $50, $1W
$500, and $1,000 ; or Registered Kortdiof
same denominations, and in addition, 55,0w
and $10,000. For Banking purposes and for
investments of Trust-monies the Regiei1
Bonds are preferable.
These 5-20's cannot be taxed by SuM
cities, towns, or counties, and the Government
tax on them is only ee and a half per cent
on the amount of income, when the iacB
of the holder exceeds Six Hundred doWj
per annum ; all other investments, suca
income from Mortgages, Railroad Stock
Bonds, etc., must pay from three to five P'
cent tax on the income. ,n
Banks and Bankers throughout Hecoujjj
will continue to dispose of the Bonds ; 1 '
orders by mail or otherwise promptly a"e "
ed to. , . ia
The inconvenience of a few days fie'
the delivery o the Bonds is unavoidable,
demand being so great ; but as interes tcoft
mences from the day of subscription, D0 ,t
is occasioned, and every effort is being
co diminish the delay.
Jay Cooke.
SUBSCRIPTION AOfc1'
114 S. THIRD ST PHIL iDELru-
Philadelphia, December 10, 180J.
FOR SALE.
A Faber ENGINE,
8 inch cylinder, 5
iu complete or J
inch stroke, nearly new,
2 numns. one cistern holding o0 wis.
boiler 2G inches, 20 feet long, fire ""u 'w
complete. Price $G50. Will uke
at cash prices in P7me,it .fLvbriC.K..
Manor SUtion,P. ItU., 24 uiilcs j,
cast Pittsburg. Dec 5, 1SW.