Indianapolis Daily Herald, Indianapolis, Marion County, 13 November 1867 — Page 2

PAlLy BEBALD,

omo»-«auu> soiunao. !• l-» Umat WMat«fft«a

WEDNESDAY

FOYEMBER 13

OUR RATIONAL FINANCES.

InporUnt Letter froi SteYcnp.

Bod. Tfcad,

W« hm tot Ml* UMfftfMM blank forma for appllosttoantia4«rt)M baakm]>tlaw. At> tornaya and cAara deairing any number of Ueaeblaaka, Wlllplaaaa aaad in tneir order* a ouo*. ,, Th* fT-tlrmni »l»»*«ee - Tn»d*#ue •arroma* •anaAnFnb** Eotaoa. Wo publlak in fall ttli morning fke remark, able letter of Thid. Btuvuns upon the public flaanoee. It abould be road by all wbo wish to be Infbraed aa to the character of our public Indebtedneaa; tba clrcumatanoee under wbloh It waa contracted and the obligation e, moral and local, which It Impose* upon the OoTornaaout Mr. STUVUMa ranks among the foremost men of the radical party aad he has boon the recognized loader of the radical ma. jorlty In the popular branch of Congrosa—a position that fires force and character to the views he may present to the country upon questions of public policy. And what gives peculiar significance to the argumenta presented by the great radical leader In favor of re* deeming the public debt by the Issue of greenbacks, Is the fact that his “loyalty" and hie devotion to what is termed the “Union cause'’ can not be questioned. His radicalism throughout the war was of the most ultra character, and ho has favored the most extreme measures for the punishment of those engaged In the rebellion since its termination. It can not bs charged by the radicals that Mr. firuvuite is {• "rebel sympathizer" or an “enemy to the Government" as they term all wbo can not coincide with them In their party views, and yet hla opinions in regard to the redemption of the public debt and the policy which should be pursued by the Government in reference thereto, correspond with those that the radical press and orators have denounced as repudtators and the measures they recommend as equivalent to repudiation. Even the Cincinnati OatetU, while approving the views of the “Great Commoner" Is forced to pay him the following tribute: “ We admit the ability and force with which Mr. Stevens treats every subject he takes hold of, and we recognize the power of his description of the fearlui process of borrowing greatly depreciated paper money, and binding ourselves to pay It in gold, a process which the Secretary of the Treasury has hastened to extend beyond the necessities of the war, by converting all our paper obligations Into coin debt. But the fault was in the administration which urged It, and in the Congress which permitted It." This is a concession to the wisdom and justice of the policy which has been advocated by the Democratic leaders lb regard to the financial policy of the Government. And Mr. Stkvkns does not hesitate to denounce the swindling eharacter of the national banking system. In fact the whole financial policy of the Government since the advent of the Republican party to the present time has the condemnation of the great representative of the radical party. Verily, the world moves, and the remarkable letter of Thad. Stkvkns is but another evidence of the great political revolution going on in the public mind. Tke Nigger. —Only one white man voted in Russell county, Alabama, at the recent election for delegates to the convention. —Mr. Howard, of Crenshaw, is the only conservative member of the Alabama conven-

tion.

—The Mercury tells of a radical candidate at Meridian, Mississippi, who, returning from preaching, took a sable damsel up behind him. As ho rode off an Influential old darkey exclaimed, “I jes as soon vote for dat ar man as a nigger." —A negro who ran away from near Bartow, Georgia, about thirty-four years ago, Is now practicing as a botanic physician at Dorchester, England, and is said to be superior in Intelligence to the great mass of field laborer*

there.

—Edlsto Island, under the white proprietors, was probably the richest and meat productive island on the Carolina coast. For the last three years it has been exclusively worked by negroes, for their own account. These latter have lalled even to make a living for themselves, and have actually starved out and crossed to the main, where they are offering to hire to planters at thirty cents a day. “ Manhoods ” are hefty at voting, but worthless as producers when their superiors cease to command and direct their muscular powers. - Lewis Lindsay, a Richmond negro, recently made a speech at a negro meeting in that city. Alluding to the discharge of negroes who refused to vote the conservative ticket, he said that before any of bis children should suffer for food the streets of Richmond should run knee deep In blood. He thanked God the negroes had learned to use swords and guns. All efforts of the more peaceful negroes to stop these demonstrations were wildly hooted down. The citizens there are apprehensive of trouble. —A negro heir to some fifty acres of Improved land In Danby and Bethel, Connecticut, has turned up, and property owners are

excited.

—A colored woman, Mrs. Flora Stuart, of Londonderry, New Hampshire, the Manchester American says, Is the oldest person known In the United States. She was born In Boston In 1750, and consequently Is twenty-alx years older than the Declaration of Independence. As she tells the story, her father and mother, when she was three months old, came Into the possession of the Simpaon family, of Windham, New Hampshire, as slaves, and remained with them until after the abolition of slavery In that State. —A Virginia negro boy, who profsased to be dreadfully alarmed at the cholera, took to the woods to avoid it, and there was found asleep. Being asked why he went to the woods, he said, “ To pray.” “ But,” said the overseer, “ how is It that you went to sleep?" “ Don’t know, massa, zactly," responded the negro, “ but ’spect I must have overprayed

myself."

—A Montgomery negro named Craig, who keeps a drinking and gambling shop, has been elected doorkeeper of the Alabama convention, over two White candidates, both of

whom are cripples.

—A negro member of the Alabama convention, (named Norris) objects to having the President of the United States remembered in the prayers with which the deliberations of

that sweet-scented body are opened.

—A diminutive colored man, about fifty years of sge, living in Frogtown, southwest of the capttol, Washington, well known to many of the residents of that locality as “Jeff," and wbo Is an indefatigable plasterer and whitewasher, is now living with bis third wife, has been the father of thirty children, and expects soon to see his thirty-first offspring. Of the thirty all were boys, with one exception. “Jeff," notwithstanding the weight of family cares, looks hearty and will

no doubt live many years yet.

-Experience of the manner in which thfi negroes exercise the suffrage, does not tend to remove the conviction as to iln-lr incapacity. Not one In a thousand who voted had the remotest Idea what be was doing, and very few knew the names of the candidates. I saw one wbo bad In some way got a slip upon which sight or nine sets of tickets had been printed, and it waa with difficulty be could be induced to permit the severance of the tickets, and that he coot# be persuaded to deposit but on* in the box. 1 beard of another who voted fa the morning, aad wbo returned In the afternoon to vote again. He was recognised by the poll clerk, and when asked what he meant, he said that he had voted for Jack Bell, negro, In the morning, and be thought “he had don* wrong and ought to have voted for Mr. A k era an,” and wanted to repatr his error by a second vote.—Awarvsfa, Georgia, corretpondence oj

New York Timet.

—With the sooeestfion of premises and dtsappolntments, cajoling and browbeating, that has been visited upon the negroes of the South by radical demagogues, the Macks arc just about in an explosive state, and a stag)* match

Payiaf the National in Greenbacks.

Debt

Denounces the National Banking System.

Lancastkr, I’ksn., October 31,1867. Hon. Thaddeut Stevens: Dkar sir—As usual, when in doubt upon any subject which I suppose you to understand better than I do, I never feel the least difficulty in asking your opinion upon the subject; because I have ever found you willing to answer an old neighbor so far as you find yourself able. I see an angry controversy has sprung up between two gentlemen as to what kind of money the national debt shall be paid in. One gentleman argues from what he supposes to be the law of the question and the duty oWthe Government under its legal obligations to those who hold its liabilities; the other seems to deal principally in what he considers ought to have been the duty of Government In the discharge of its debts to thoss who hold them, at whatever price they may have been purchased, and to deal in strong vituperation against those who would pay according to law, if that law contradicts his idea of equity, without any regard to the letter or the spirit of the contract between the Government and the holder, and to denounce as Immoral the payment of Ita debts according to contract, because, at other times, other nations have paid more, and because a portion of that present debt la also paid at a higher rate. Now, I am a banker, desirous to do business upon legal principles and at the same time to deal justly with all men, so that when I have passed away, as I soon shall, I may not be represented as a swindler, a robber, an unjust man, whose memory should be held in execration for my dealings with my fellow men. While I am unwilling to wantonly sacrifice my estate, I shall not hesitate to aid in paying any portion of the half a billion of money necessary, if necessary to support a good character, although the same should come out of the taxes and hard earnings of our labor. Will you also, if you have time, add a word as to your idea of the wisdom of the management Of our finances and of our financial system generally T I remember you, at one time, did not quite agreo with the Secretary of the Treasury. Yours, very truly. John Gygkr.

WU» purpose I will net tmderttkk to pronounce—had left the country her* of nil defensive weapons, sad not emy *®P*7 tr ®**- ury hut 180,000,000 in debt. The first few millions needed to equip our gray and navy wave easily borrowed, lor ear government bad

that nil the energies of the nation were necessary to defend freedom from the plunderers, the robbers, the revolutionary cut throats, enr Southern brethren I think they were called,

whom we h; $250,000,000 delphta, Ne' Nhen Cong

stained that

oans, by aggregating them la the depoelt banks, as to render them, the lenders, unable longer to pay coin for them. They, however, went on and paid them in currency at some discount, which, I think, cost the gov some millions of dollars. Still, the 1

whom we had to deal with. The next loan of

was readily taken by the Fblla-

elphla, New York and Boeton banks. But when Congress assembled the banks complained thai the treasury had so placed their

lo

Lancastkr, Pa., November 4,1867. • Dkar Gyokr—I shall not hesitate to answer the questions which you have proposed to me according to my poor ability, although I know I thereby incur the risk ot sharp and frivolous criticism by ablo New York editors, whose age is scarcely more than eighty years, ami who will probably discover in my answer evidence of old age and ol decaying intellectual powers. Of all this I am myself conscious, and only regret the pain which It gives those youthful gentlemen to make such delicate suggestions. But as literary pride has never been among my aspirations, 1 will not venture to smother the free intercourse with my neighbors In advanced life. They need hardly tell you, who reside my near neighbors, what 1 doubt not is apparent in the intrinsic evidence of my poor productions, that these things which 1 am too often giving to the public are dictated from a sick bed, in the Intervals of pain which Providence indulges me with and to which those gentlemen abroad so kindly refer. But as I may print or not print, as suits my discretion, I have no right to complain of the criticism or ridicule which gentlemen In vigorous health see proper to bostow upon our productions. So far as the financial condition of this republic is concerned, It is not, and never can be in doubt or peril. With the products which we can readily dispose of to supply the demand of every kind, there never can be a time when, with honest dealings, this republic will be unable to pay her just liabilities. The best mode of managing her finances, of which you inquire, and of which you are much more capable of determining than I am, and I. least of all, is a much more difficult question, and one which has puzzled abstractionists long before Adam Smith. I have not approved and do not now approve of the financial policy pursued by our Government for the last six years. I think we have thrown away our billions, and are still throwing away our millions, by mismanagement. You are a banker, and a sound one; but you are making more off the United States through the national banking system, as Is every other man wbo has adopted it, than you ought to make. This may appear dogmatical; but I am only answering the questions which you have asked me. In all financial questions he who makes an honest bargain and pays dollar for dollar, every cent he contracted for, is not a dishonest man, and does not deserve to be denounced as a swindler or a cheat, whatever may be his prosper-

ity In life.

Let us come to a brief and true history of the present finances of our country, and see whether you have anything to reproach yourself with In dealing with your fellow citizens In the exchange of those finances. Every nation of any magnitude In the present stage of civilization and with any considerable business and commerce, must and will use some kind of a paper medium to carry on Us business. None but the Choctaws, Chlckasaws and their kindred tribes now doubt or deny this. In framing our constitution it was not doubted that this medium must be used, redeemable by its equivalent In whatever should be the money of the country. That Instrument provides that the General Government shall coin money and regulate its value. Under that clause 1 have never doubted that the General Government alone was competent to issue bills of credit, or, in other words, to establish banks of Issue, and to declare what should be the money of the country and its value. We have fallen, I am sorry to say, Into ^different practice, and States do that which, for the sake of uniformity, the General Government alone ought to control. The certain result of all large commercial transactions under any system is, that sometimes the currency or a country will be expanded and sometimes contracted, according to the supply and the business and the prudence of the people. This Is what Is called the expansion and contraction of the currency, and denounced as a thing which might have been avoided. That expansion or contraction is In no wise affected by the kind of money which is used. If it be too abundant or too scarce it Is of no consequence whether It be In coin or in paper. A hundred millions too much of gold Is just as injurious in Inflating prices as a hundred millions too much In greenbacks. But In my jujgment, which ever Is used by government should be promptly redeemable, according to the law of redemption which shall be directed by tba power that authorized the issue, who should use It without the payment of Interest, and profit by the losses which are incurred in its destruction. Th* law of redemption, regulating redemption, both as to the commodity In which it shall be redeemed and its intrinsic value compared with tbs money Issued, Is as much a part of the contract as the price of the article reduced to writing and sealed by the parties. Not because of the usage of the country, but because of the law which says so. When, therefore, you find that the standard of the American dollar Is one hundred cents, and you are in the possession of such a dollar, you know that you are entitled to just one hundred cents for your money and no more, whether that one hundred cents be made of leather, tin or greenbacks, and Its mode of payment pointed out. And when the Supreme Court shall have decided such law to be constitutional and binding upon all, it being the highest tribunal to decide between man and man in all earthly affairs, it Is not only legal, but Is just, as part of the law of the contract, to pay your debt In that money, which, if the Government was wise when it created it, can not be a loss to the citizen. He may not be a fool who doubts this proposition, but he haa an excessive folly which ail the world except himself and his creditors will ridicule. It was your contract and It was your government, created by yourself, tbat fixed its security, and wbo is responsible, as you are, partly for a foolish arrangement, if there be loss. If you do not like the legislation of your government and the provisions it makes for your welfare and that of all Its citizens, choose Setter men, or go elsewhere for protection; but do not tell us tbat when one-half of the community Impose laws upon the other half and make them binding, and that other half obey those laws, they are swindlers and villains. Th* language la neither decorous nor snob ss • gentleman would use. Money! What Is money? Ifitbea fixed, unalterable thing of intrinsic and known ▼aloe, why does the Constitution put it Into the power of »legislative tribunal to create it and reassess It anew ? It la Ml fancy. Money isjuet what the law makes It, and you must take the chance that your government make

overnment

treasury

was soon emptied, such was the enormous draft upon it for war material. Inquiry was then made of bankers aad brokers by the Committee of Ways and Means, of which I happened to be chairman, as to the probability of obtaining a loan, and at what rate. The answer was discouraging, and did not give us reason to bopa that we would be able to obtain sufficient money to carry on the war at more than eighty-five per cent., with interest at six per cent, on the loan. The committee were unwilling to take eighty-five per cent, principal and receive the loan In a depreciated currency, which would have probably brought It

to seventy-five per cent.

This was borrowing millions at so ruinous a rate that we looked around for other means. Two of us, Mr. Spaulding, of Buffalo, and myself, were in favor of issuing notes of the United States and making them a legal tender, but receiving them at par for all transactions with the government, believing tbat they would pass at very nearly par for all the supplies ol war material which the government might need; as all demand, both by the government and Individuals, for anything but

taken ai

cruuicuir »uu juuiviuuaisp legal tender, would thereby be

No reason could be seen why, to the extent of

away.

will do th* worse busts see of radicalism, Inaugurating aa nettfit War of races. If the individuals who have enjoyed advantage* superior to thee* of the greni body of aegroee have no bettor discretion, no better idea of

-*^3’ “ja&AfL* i**

Btrve p€BC6 MM WfGM M9NVOT0* MSI] ID# one who spohe In Richmond n day or tw* since, whai Is to he expected from the entire blech population Met new held the baieswt of Southern pelltfenl^^MMMMMB

look upon the wl there is cause ter •oath; and. If them

your eye

wr-

it wiaely, aad when made you fix open It aad make your contract accbrdli _

I abhor repudiation or clipping the coin: and yet this Nation haa twice, or,l think, three times, by Ita legislation reduced th* price of •liver, and made it pass to every creditor aa

well aa debtor at the original price.

Who are these reasenere, who, with these facta in view, talk ao learnedly of the laws of finance sad the morality of human dealings! Whoa* consciences are se raw, and stick out so far from their excited covering that no pharmaceutist can heal their Inward wound; no poultice can cicatrize It sufficiently to take from it ita lasting plague after the malefactor absll have lain himself down in the hope of seeking rest in another world f New let ns come to the Government loan, aad for a single memeat consider it, which, even without the mesotrons doctrine of Greeley and Cooke, Is themoet profitable Investment svsr mad* by money leaden, aad ie n monstrous swindle on Americans, on the part of European capitallata. In what I any I weald net depress that lean by a single dollar, for all the profits

loon by n single oeiiar, for nil the pri whieh it were poeoible ter me to make by It: for it he* den* tta service, and a* morn r

.roerlcan Oevsrnnwi I; and for such servU awarded by the Nation, enet begrudge the pew ih capitalist who ha* an- • beggar and earn* eat

■avmvt w DM VP I MDHBMHin ID the days of her need; and for such service U ha* been trebly rewarded hr the Mali—.

When I aay this I do notHM speculator or tha rich cajM tersd the gold room a beggar with a princely fortune, his ea

not hia folly, but the fo my Intellectual vigors

Mdeef Pert

%isxSf55&i

the demand in this country, which proved to be nearly the whole, they should go much below par. They would answer every purpose for which the farmer, mechanic, merchant and manufacturer desired to purchase material. We remembered that in England for most of the time that specie payment was suspended her bank notes were at about fourteen per cent, discount. After having repeatedly attempted to purchase loans at a less sum than what in coin would be about $40 on the $100, we urged the Secretary of the Treasury to give his consent to offering a loan and issuing therefore Unite.] States notes and making a legal tender. To this two members of the committee agreed, but the others, together with the Secretary, decidedly refused their consent, as he (the Secretary) had very consistently done in his report. The committee waited, again consulted the moneyed men of the country and found tbat no large loans could be obtained in coin except at a most ruinous price. They again Importuned the Secretary for his consent, the committee having become a tie. A bill for the Issue of $100,000,000 of legal tender bad been drawn and offered by Mr. Spaulding, and was allowed to remain in that position till February, when a Democratic member of the committee, reserving the right to vote against It, consented that It might be reported. In February, after severe opposition, it passed the House and waa sent to the Senate. Then nothing was said about the currency in which either principal or Interest were to be paid. No one, I suppose, doubted that the loans of the United States of every description were payable in the money of the United States of every description; bat to change that aspect aa it ragarded a portion ot the fund, the New York money changera again made their appearance, Jew ana Gentile mingling in sweet communion to discover some cunning invention to make in a day what it would take weeks for honest men to earn. They went directly to the Committee of Ways and Means, and asked that the interest should be made payable in coin, leaving the principal as it was. The committee utterly rejected tbe absurd proposition to two currencies—two legal tenders—In the same empire and for tbe same commodities. They had once heard of such a transaction in Anstrlan bonds, which utterly destroyed their

credit.

Tbe brokers then resorted to the Secretary •f the Treasury. He was more easily persuaded, and, it is understood, went with them to the committee of the Senate andjpressed the change. The Finance Committee of the Senate agreed to it, and sent It back to the House with that amendment. The House rejected It, and the consequence was a committee of conference, and as some bill was necessiry It resulted in the present law, making the .u bts of the United States, so far as regarded tbeir Interest, payable on a different kind of currency from the debt itself. Ooe of the House committee proposed then, in order to raises sum sufficient for that purpose, that the duties on Imports should be paid in coin. That proposition preyalled, and the result waa and is that Interest on the national loans and the duties on Importations ars payable in one kind of money called legal tender, and the principal in another kind of money called legal tender, but made of a different material and of a different shape. Thus, as any one can see, the Congress declared that while she created two kinds of money she had made them of unequal

value and for different purposes.

For nearly two years the greenbacks were the most popular currency that was ever used in the United States, and, had there been no other, would not have failed to buy every necessary commodity for every use, public and private, without the least complaint. And if it swelled the currency ot the country it also swelled the business of every kind, foreign and domestic, agricultural and manufacturing So also it swelled tbe Income of business men, and thereby vastly increased the revenue of the Government. No man was ever known to refuse any article he had to sell, during all that time.for one of tbe greenbacks or certificates of loan of the nation. Under the easily excited imagination of tbe American public, and seeing a system of finance which no human folly bad ever before witnessed, hopes were excited much more rampant than tbe lottery dealers and faro players; and, in the belief that a single turn of the card would bring up the holder’s fortune, palaces were opened for the purpose of inviting speculation and dealing In this new system of gambling. Some became rich while others went to beggary—doubling and doubling their ventures to Indemnify themselves; everything became excited and inflated, from the commonest fabric to the most desirable estate. Thus the articles necessary to supply the war were vastly Increased in price, while the honest Jews of the gold rooms, Shadracb, Mesback, and Abednego, came out unsinged. Tbe violation of an undertaking to do or not do may be compensated in money. Some, times the amount is liquidated by the parties and sometimes left to be fixed by a Jury. In

in th

Mon mads, when I brought In a bill to borrow greenbacks for that purpose, indeed,! brought in three bills, hoping to save two or three millions thereby. But each session the rattle of the gold room was much louder than what I was pleased to call the voice of reason, and what I still think deserved that appellation. Take the number of millions which through six years of war have been expended, whieh if alarming, and count ft, as I wiali tome one would do, en the principle i have laid down, when for pome time the premium waa at SSI per $100, and the sum will be appalling. Take $100 and count it Into greenbacks at tbe above rata; it wilt produce you $28L Now, ao convert or use it every day for one year, and you have at the end oftbe year a difference of $60,065, tbe gold bearers costing tbe Government that much more than the legal tenders. Take $100,000, and suppose the legal tenders to be worth at all times at least half as much as coin for all articles which the Government may need, which ne man can doubt, convert or use it daily for a year at that rate, and you have a difference of 136,500,000 in favor of greenbacks. But tbe business of the Government during the war amounted to more than $1,500,000 per day, I presume. For one year it would amount to $547,540,000, and during the war, upon an average of three years, it would amount to $1,642,500,000; and this vast sum would also be the amount in favor cf greenbacks, for the same length of time, rate of expenditure and at the above difference in price. Why Is this clamor against a legal tender, wbicn answers all the purposes of solid metal and which has never been complained of by the business men of the community? Why is there such a headlong desire for the resumption of specie payment, much earlier than England returned to It after her wars which left her a less debt than ours? She was not able tojesume until more than eight years after cessation ot hostilities; notwithstanding her great commercial advantages over the re-,t of the world, and notwithstanding she had in circulation but a little over £20,000,006. Is she deluded by the free trade quacks into tbe belief that $100,000 paid out to her own industrial classes is mere useful than $200,000 paid out to the industry of our own farmers, laborers and mechanics? Is she again to be taught that cotton—arlppied, hump-backed, ciookthouldered as she is—is still to be king? Still you see tbat every advantage it taken of circumstances by the English Government to build up, not only her foreign trade, but her farmers and mechanics. We have beard great praises bestowed upon Cobden for his liberality in granting free trade to France in her late treaty after he had succeeded in abolishing tbe corn law duties. Short sighted sciolists! For the navigation oot, the most stringent that ever protected domestic Industry from the possibility of foreign competition, gave to England the command of the ocean; since England never consciously entered into any treaty or arrangement which gave to foreign nations an Industrial advantage in mechanics or manufactures over her own people, if it were in her power to prevent it, as the late treaty with France conclusively shows. After the had driven the Flemings irom the ocean, and Genoa and the free towns of Holland had been compelled to surrender their advantages to the superior skill and hardihood of the fishermen of the Lowlands—after Yan Tromp had lowered his haughty flag and no longer threatened to sweep the ocean with a broom, this masterly navigation act of the commonwealth of England was Introduced, and prevails in many of its features to the present day. While other nations had more numerous harbors and ports, England, surrounding the world from drum beat to drum beat, stood sentinel to protect her own people against the encroaching industry of other nations; so that her sentinels could call out almost audibly to each other: Watchman, what of the night? All this was produced by her protection of the industry of the country wherever she could protect It without Interfering with some other of her own interests. That which other nations called a masterly stroke of liberality and free trade, in that treaty with France, was nothing more or less than a most cunning contrivance to protect the mechanical Industry of the looms of Lyons and tbe spindles of Marseilles and Rouen, by allowing the spinners and weavers of France to use up what was before taken to England and there converted into thread and wool. Before, that was done by France sending her cocoons across the channel to be spun by English spinners and woven by English weavers after it had been half wrought on its native stem, and then sending it back to be skilfully manipulated by the cunning fingers which near the spot of its production twirled

the flying spindles.

By that single provision In the treaty which took a third of tbe export duty from the English tariff on bituminous coal, French operators saved their millions of dollars in the cost of fuel alone, with which to drive their motive power. You are aware that all tbat power is produced by bituminous coal, which England furnished In ample quantities of the best qualtliy and at the cheapest price; France produced only an Inferior quality and at an expensive rate. That single article In the Cobden treaty relatively protected both France and England, whilst It left other nations precisely as they then stood with reference to them. By that article I doubt not that English operators saved more and imposed m the eggregate a heavier duty than any American tariff ever levied upon the importations of England. How cunning are American economists to shout px&ns to tbe free trade of England and France, and exhort us to follow their noble example! Will one never be obliged or allowed to cease their marveling at tbe shallow examination of the teachers of political economy In this country—the misleaders of the valley of the Mississippi—nay,

of the whole country.

Although not strictly connected with what we are considering, I do net know whether this is not a proper place to consult my constituents upon a question that has always puzzled and somewhat amazed me. That question regards the conduct, not of our Executive, but Legislative branch of the Government upon the subject ot protection. By our Constitution all export duties are prohibited. The Constitution was made before either cotton or tobacco were articles of any account in our foreign trade, and was evidently intended to prevent the power of checking the exportaef grain,Jempted by what were then

which laid a heavy

So it will be seen that raised by the ordinary meas ill be insufficient to meet

eela revenue efthe Ctovefa-

elther event it is to be paid for

ae money

of the country—in this country m dollars and cents. No one ever supposed that the non falfillment of a contract is to be paid for in kind. A plaintiff recovers a verdict for $1,000, the non-payment of a farm; execution Issues for $1,000 in money; and tbe defendant can tender the sheriff $1,000 of the legal tender of the country and he Is obliged to take It in full payment of the debt. How Inconsistent is that with the idea that the creditor can select bts medium of payment! A man sells his property for forty horses, worth $100 each, amounting in cash to $4,000; if the purchaser do not pay and is sued for the debt, judgment is given against him for $4,000, not for forty horses. How would you execute a judgment given and an execution issued for forty horses ? Indeed there is no breach of contract, either sounding in damages or in contract, which can not be paid by tendering the amount assessed In a legal tender not*. As to the equity aad morality of these transactions, I have never

discussed them.

A colleague of mine in Congress, an excellent man and rich, asked me whether I supposed tbe United States loan of ’81, made before the passage of the act, would be paid in coin or currency. I told him it might be paid in either by the express terms of the law; but that I did not know how the Secretary of the Treasury would treat It. He told me the next day that he had consulted tbe Secretary, who said he would pay It in coin, being then due. He had Invested $30,000 in legal tenders at a cost of $30,000, for which he received $60,000 in greenbacks or its equivalent in coin. A constituent of mine, within two months after the adjournment of tbe Congress that passed this law, informed me that be had guaranteed to a gentleman In Philadelphia, before the passage of the law, a judgment of $28,000, expressly payable in gold. The creditor demanded the money. It was then worth about two or three times Its nominal value. He went to him and tendered the amount in greenbacks. He refused to accept and issued execution, and tbe court set ft aside and compelled him to take the lawful money of th* United States whieh had been offered him. Whether the transaction was a moral or immoral one, every gentleman must Judge for himself, and will Judge according to hi* position. If a roan be Mating for himself, with bis own money, I can understand his right to bestow the halt or tbe whole of the sum upon his creditors, either under the fancy of generosity or honor. But when he is acting as trustee for others and paying out the money ot eettui que trusts and wards, it seems to me that there may be in merals, although not law, m a question about the difference. It Is but just to Mr. McCulloch here to say tbat ha does not pretend that tbe principal of the five-twenties (as his lata letter shows) is payable la co:n, as tbe bonds are silent upon that subject, sad aa that conctn »iob is excluded by that very silence. It is just, also, to the Democratic party to say that when the question has been discussed fa the Houee no lawyer among them has set up each a foolish pretension; and when the bill was on its final paassgtthe question was expreselyasked of the chairman of the Committee of Ways sad

Means, and as expressly answered by him, tbat only the latareot was pay Me in cola. But every Instrument speaks for itself, and when eat upon the subject of tha currency, it ays mad* payable la money, which the legal tender of th* country. I fear,

however, I am staborattag this polafc ad team, ualsm a newspaper editor aa a

broker eaa

them.

folly in this argument, and

severed la hf those who have ^ strength to carry them gentaeiry over the But “MOBS’ hsldgs." Nay, amrat 1 feat that what I am going to state may ml Mow Tort editors yd Mokorsu^.ndata^m^mMd

the flowery fieMesad ^*Hsa iangeaof Okirtsay that if the United SU&^hM tabe'frftfi! tarn enough she could tender aad pay aot only th* principal bat the lateral fa tags! tandem, although the latter is expressly eeutreeSed to ho paid fa coin. The law Ot legal tinder BMaas this or It means nothing. Let aot VV 1 ?. 0 Vj for B ® nation short of th* n evse MpMoMses mtgbf ask tauMMsTguw] aad administrator, to vtotato the law and]

•worn oaths to double the public debtor is to pay them. Whatjtould^Utod^J

the corn law of England,

duty upon the impertation of all grain. But there is now no danger of an excessive prohibition by any duty upon any of the agricultural products of this country; and the only question for us is, can we by export duties increase our revenue, encourage domestic manufactures and our foreign trade? I admit that, with the exception of tbe two articles mentioned, cotton and tobacco, they would never be resorted to, for it would increase the prosperity of no part of the country. The great manufacturing prosperity of England, as well as many other countries of Europe, is dependent solely upon the cotton of America. It was believed before, and is now clearly proved since the war, tbat other countries can not or will not, produce it of a suitable kind, even at a cost of two or three times that at which it is produced by us. Hence it follows tbat an additional burden of one-half the present native price of cotton could be imposed without checking the export of a pound. If we then were to impose an export duty oi one, two or three cents per pound. It would be j ust so much tax upon the foreign merchant .and manufacturer, and so much of a clear ‘Yevenue put into the coffers of the United States. How much that would produce, with the Increasing business of the world, is almost Impossible to adequately estimate. Heretofore our exports of cotton have been as high aa 1,767,686,338 pounds per annum, and for years have averaged 1,501,862,198 pounds. The increasing business of the world will no doubt soon add one-third to these amounts, making tbe average exports 2,002,482,930 pounds per annum, which, at three cents a pound export duty, would make $60,074,487. The Internal tax of two cento a pound is now upon our own manufactures; then it would be levied exclusively upon the foreign operators; and would be a protection to American fabrics of five cents for every pound of cotton produced; and not an American would pay one farthing of it, nor would It, by tbat amount, diminish the product of the planters, who would charge it upon the consumers. If with that protection, which upon an average, 1 suppose, would be more than ten cents a yard upon all their fabrics, the American manufacturer did not monopolize the cotton market of the world, It would argue great want of skill and enterprise. Besides that, it would take from the other tax payers of the United States the sum of $60,000,000 of internal duties. And yet, when I proposed an amendment to the Constitution to abolish the prohibition to export dudes and leave the matter discretionary with Congress it was resisted by tbe representatives of the Mississippi volley, who were clothed In cottons, and who ought to have been anxious, one would think, to build up cotton machinery; and what was more amazing sttll, it was resisted by the manufacturers ot New England, wbo are not charged with liberality or m overlooking tbeir own interests for the benefit of others. But

we return from this episode.

Various methods are suggested to redeem tbe fivo-twenMes in currency. One very able writer suggests a loan In greenbacks, to their amount, so that afterwards the greenbacks may be redeemed with the others. If we are satisfied that there is not more than a sufficient currency to do the business of tbe country together with its probable Increase, then that would be tbe proper method, without inflating prices as a counter balance to the saving. But if it is believed that the present and prospective bustasM of the country would fairiy abeorb an amount large enough to redeem these bonds as they become doe, and not injuriously Increase the baefaem, then the true way would be for the Government to Issue legal tenders equal to the amount to be redeemed, end thus save the Interest both of tbe old aad a new loan. Indeed, but a small portion might be Iseued monthly, say $4,000,000, so as to imperceptibly affect the currency. The buaiaesamea here complain that toe retiring of $4,000,060 a month without any substtuto canaos a stringency fas the money market very tajorioas to bastnese operations. I doubt net ths« that additional fssoe would ta smb* way be taken np In the course of bosiness without being Injuriously felt no aa *xpansion. I may here state that Ido aot see Why nearly a $100,000,000 ta osta has boon constantly lying idle in th* Tremnry, when ft might tarn peM at teas* twin that amount of

ment will be insufficient to meet what ie required to be paid in ootn before resumption is touched—the difference being $88,000,000. But If all the gold bearing bonds were out of the way, the legal tenders would undoubtedly he absorbed to a very large aniount by ether equivalents which the Government could tarnish and which the holders would be willing to receive; but tbe precs s wsuld bo a siow one, aad any attempt to hasten it would be ruinous to tbe business men of tbe community. My notion,tbenfom*tottntMteCMacr the Government converts all its indebtedness into a paper currency which the people will be willing to accept at a long loan aad to a considerable amount the sooner it will be able

to resume specie payment.

1 observe that respectable New York papers have for the lost year or two charged me with wishing to delay the resumption of specie payment. This is wholly false. I have been anxious to resume the use of eon as a legal tender exclusively, not because it Is any better aa a token of debt, but because it haa beta adopted by most of the other civilised nations. But I do not wish to resume by breaking the bones of every manufacturer, mechanic and agriculturist for tbe benefit of foreign operators, who have now their fixed capital. I think that even the $4,000,000 a month whieh the treasurer is retiring will be found quite as stringent as they can endure. I admit that such restriction might beneficially cramp for a short time foreign importations, because they now are introduced beyond the means of payment. To my mind that is a recommendation instead of an objection to resumption; but It would he an objection to many who think that coin alono rheutd be uted in the business of the

country.

It has been said that the present national backing system, instead of being a loss to the Government, has been a large gain, because, in addition to the amount of money paid to the national Government by individuals, the banks have also contributed their taxes. Ik has been said also that tbe establishment of national banks contributed to the sale of bonds. Now I do not suppose that one sane man in America believes this. Those bonds were taken with an avidity never before known in a national loan. True it required agents and promises, as do all efforts of the kind. But point out the man who had any money to lend, and, preferring interest to Us lying idle, ever refused to entrust this Government with it on account of tbe security, and then I will admit that they assisted in the sale of tbe bonds. The banks were established to absorb the bonds already held rather than the bonds purchased to establish the banks. But why would they help to sell bonds of the Government and certificates of loan bearing six per cent., unless those kinds of securities were worth less than six per cent, interest? If they were worth less who made up the difference? But it is said that, besides the banks paying taxes, the capital itself pays some taxes in the hands of the holders. If these banks bad not erected vaults for tbe protection of this wrong, where would it have been hidden away to escape taxation ? Could it have been put in any other form less likely to be protected? They must deduct these and other just as absurd items, not one of which can be chargeable os an increase to the taxation of the country. What should have been done after the establishment of this system to relieve the country of its burden? By its provisions, if the national banks deposited six percent, bonds of the government, redeemable In coin or its equivalent, the government became liable to the note holders oi the bank to which it made its circulation to guarantee all such circulation and to make good any loss which tbe holders might sustain in cose of Insolvency. Those bonds were to be deposited in the banks, not to lie Idle, so far as the owner wait concerned, but to bear tbe highest rate of eix per cent, interest, payable just the same as If tbe bonds remained in the hands of tbe original holder. Did the government gain anything in the way cf Interest by this deposit? On the other hand, it withdrew a portion ot them from the taxation of the country, so fur as State and municipal corporations were concerned, it gained nothing in any other way that I can conceive, but the chance of law suits, vexation and costa, in cose of the failure ef the banks to redeem their notes; and for this chance thus to deposit for safe keeping and distribution the $300,000,000 the national banks were to receive $18,000,000—rather a high reward for such a duty. If any gentleman can show me any other advantage, either in tbe loss of notes or in the diminution of interest it is yet to be pointed

out to me.

* After the establishment of these banks and their palpable injury to tbe country, I brought in, as I have alread'y said, two or three bills at different sessions of Congress to borrow a sufficient quantity of money in greenbacks, and as fast as the five-twenties fell due to redeem these bond- whose interest wak payable In coin and principal in money. That day has now arrived, and had that law been' enacted the outstanding five-twenties would have been paid, not purcha-ed, at the rate of tbeir lowest tigtere, and might have been bought. I have no doubt, at a much less sum some time back. Here then would have been the payment of the national debt at tbe rate of $100 for what is now worth $143. The amount saved to the nation would have been $737,645,729. Had the bill prevailed at the time, wtth leave to borrow the money and make the te dtr, the probability U a half billion more mi ,ht have been saved, making ten or twe!v< hundred millions. But tender consciences have compelled the nation to pay this snm in addition^ to her legal debt because Mr. Jay Cooke sod 1 the Tribune had pledged their word that it should be paid. I have no objections to th r paying it,.but I dislike to take the balance left me by tbe rebels to pay my part, unless the law requires that my trustee should do It. How does the European creditor stand with relation to these bonds? I have no documents here to tell me where they are held; but most of them, l presume, are held In Frankfort and London; for the money lenders there are more sharp scrctcd than those who were cudgelled out of the Temple. At the time they were bought in gold was 281, or rather greenbacks were at that discount by the arrangement of the market. Gold was made to purchase greenbacks at the rate ot about 280 to a dollar. But suppose them to have sold at that time for forty per cent—which was the highest, I think, they commanded—what was the operation ! The purchaser paid to-day $400 in gold for $1,000, and next Monday, day, received the interest on $1,000 and so ever since; and now claims that when the principal falls due in a year or two it shall be paid in coin. This is what they call honor, conscience, justice, through the custom of the country, aud tell the farmers of America that they were bound to pay the money dealers of Europe this enormous rate to save their property from destruction, and the moral men of New York denounce you and me and others as dishonorable robbers and swindlers if we do notin forty years quadruple tbe capital of the Rothschilds, Goldsmiths, and other large money dealers. I must beg leave to judge for myself of this monstrous proposition, and to see whether I am bound to pay any more than he demands who, with pistol at my breast, commands me to stand and deliver. I do not blame the European and American

CMMATSAStOel.

HTHUTM TO m HiHllti Decline in 'X'ons! THECHINA TEA STORE

(Cstabliehed in 18S9.)

W’lTH many thanks to the public for past v v favors, we would announce that we are now receiving a carefully selected invoice of CHOICE GREEN, BUCK AND JAPANESE

TEAS?

Purchased directly fi

special attention to their qualit

rom the Importers, and with

ies in the cap.

We merer offer a second band

■Nock.

We merer purchase a mixed Tea. Wc merer bay a colored Tea. We merer bare handled a damaged Tea.

Knowledge with confidi

enee that

We trill continue to sell tbe best XKAS imported at the lowest

profits and prices.

▲ slight decline in sold, together with an unusually large crop of Teas received and on the

r Teas at the

way. lowii

y large crop c enables us to i

labTes us to pit ng prices, whieh

ace our new Teas at the fol-

Are $s low as any Wholesale House c»b afford to sell the same qualities by the largest quantities. Imperial, (Green,) «1, *1 40, St 60,

$1 SO; rery beet $2.

Gunpowder,(Green,) $1 GO; best. Young Byeon (Green,) $1 60; choic-

est, $2.

Byeon, (Green,') an extra ebolce sweet Ten, and wilt ault tbe meet futsdlene. Price $2. finest 1 **^ (m * c,t ’ ) ® 1 * %l 40 ’ ** eo; English Breakfast, (Black,) rery Food, $1 60; best, *2. Japon, $t 50, $1 60, »1 80, $2. Wc nuake n speciality at Japanese Tens, and purchase nane but tbe best. Blxed Green and Black, Ol, | 605 beet 02 (These are our own mixtures, and arc recommended.) We :i,ts i keep a carefu ty selected stock of Mocha, Java and Rio Coffees, LOVERiNG’S REFINED SUGARS, Pare Ground and Whole SPICES, CE033E AND BLACKWELL’S PICKLES, Baker’s Chocolates,Cocoa and Broma

THE CHINA TEA STORE,

Wo. 7 Odd Follows’ Hall.

octSl d3p B. B. LEE.

holders, at whatever price the loan was fairly obtained; but I scorn the denunciation whieh would drive me to pay such enormous rates, most probably to those who never advanced the money, and which I was never legally bound to pay. I had, my dear friend, I am likely never to stop—the sure symptom of chronic old age. But It is sweet, when you have discovered an old friend or made a knew one, to be permitted to hold unrestrained in-

tercourse with him.

Garrulity is one of the enticements to old age, if any inducement were necessary to carry you to that point which should always be mentioned as sweetest of them all. I advise Cicero, when he again attempts to Instruct us upon the chief solace of old age, like Demosthenes, wbo proclaimed action, action as the chief merits of an orator, ff he has not already done it, for it is long since I read De Senectute to Insert garrulity I garrulity! garulityl Yours. Thxddkus Stkvkns.

INSURANCE.

the department, I the banks^^BI I eminent must]

tenders. ■

IkoT

rysssjssastfssL

magi—

000,000, aad hefidhe paying Ms ordinary afmptata Altai ff MB ffatF ha done at tha aataP Mmo, thorohy adfffff ana hundred aad ~ ' find millloas more, tana re-

i-

Mk&TI.H, HOP&I&* A FOLLKTT, „ (OFFICE, NEW JOURNAL BUILDING), Represent the following excellent Companies: Assets. Ins. Co. North America, Phila $1,880,145 Si International Insurance Co., N. Y 1,444,936 IT Continental Insurance Co., N. Y 1,673,711 78 Enterprise Ins. Co., CincinnaiL l,14t,S6 ff Yonkers and New York Ins. Co., N. Y... 676,866 tt Merchants Insurance Co., Chicago 500,666 37 City Fire Ins. Co., Hartford, Conn. 460,080 00 Northwestern Mutual Life, Wteonsin. $390,683 51 Accident Insurance Co., columbos, O. .1,000,900 00 Total Capital Represented $11,113,534 88 wov4 dSm .

COLD PENS.

"Tbe Pen is Mightier than tin Sword," THE GOLD PEN, BEST AND CHEAPEST ffF

Morton’s Gold Pens, THE BEST PEHSII THE WORLD.

NS MmSon-

mt SjL eyeT ~ ff

For sale at -Ah. Lane, New - York, at duly appointed Ayent

prices.

Morton makes no Tests stamped with ike Name or TYade-mark V any other; therefore, where^ eat Agency is established, the public trill be best, suited, and at the same .prices, by calling on the

Agent; in alt other ‘

wishing the J

send to Feadquetrters,

' A Catalogue, tian of sixes receipt of tetter

e, with flstt deserip-

PIANOS.

CIllCKEHlNKw dt SONS’

American Pianos Triumphant

AT THE

Exposition ot oil Nations. In ion to Tbe Grand Gold medal of Bonor* The Emperor Napoleon, in person, accompanied the presentation with the decoration of Tbe Cross of tbe Legion of Honor, Thereby confirming to the CBICKEBING SI £ DAL The only distioction over the four other medals awarded for Pianofortes, all of which were exactly alike and of equal value, and thereby confirming the unanimous award of the Three Juries and the Imperial Commission Placing the Chickikinq Piano at the Hxad of All Others. WILLARD A STOWELL, Agents for Indiana, No. 4 Bates Mouse,

an gl 2 (13 no

Indianapolis

MEDICAL.

Manhood and Matrimony UBPOBXANIT TO YOUNG MKJ*. TYR. PENDERY has devoted four years in this JLl city to the treatment and cure ofNERVOUS DISEASES, Physiological Errors, Abuses and Diseases incident to Early Manhood, Diseases of

the Blood, and diseases peculiar to women.

Yonng men suffering from Self-Abuse, Seminal Losses, Spermatorrhoea, Ia>potency, Apathy and Sexual Indifference, treated with care and suc-

... . . . . ..

i

and suc-

ane of contention it cause of matri

monlal infelicity and infidelity. It is not so much on account efthe debility ot the genital organs and loss of virility that I mention these diseases here,

bnt for the serions m enf ' tion they produce. Also,

and happin

ention these diseases here, ,tal and physical prostra- >, the impairment of health

N. B. Persons who are laboring under any of these diseases, can call on me in person or consult me bv letter, with the assurance that every means will be used for their permanent restoration. Oflloe, 86>i Market street, Eden’s Block. Address Dr. N. S PENDERY, Bos to dice Box 1477, Indianapolis, Indiana.

oetfR dfcwSm

PLOW.

Nutting’s Patent Wheel Plow T S bound to have as large a SALE as any known X FARMING IMPLEMENT. Has been tested for iftonths, and not found wanting. Any PLOW can be attached to the machine. Send for illustrated circular, with testimonials of ex Governor John A King and others. County and State Rights sold In any part of the United State.

THE SK1IYGL.E

LCKET

Is especially adapted for Bmllders, B*mse Jetaera, Basons and. Carpenter*. With it a scaffolding can be built in less time

upon * roo i, and with

down as

hole in dors from the trade promptly Send for illustrated circular.

BENNETT, JOHNSON A CO, autO da» 45 Dev street. New York.

. joi, and witK greater safety, and taken i quickly, without leaving a shingle nail the root. Retail price SO per dozen. Orm the trade promptly filled at liberal dis-

AUCTION.

AUCTION STABLES! rriHE undersigned will commence on Saturday, X November 9, to sell at auction. Horses, Carriages, Baggies, WAGONS AND BADNESS, And everything appertaining to that line ef business. We reapeetfully Invite the citizens of Indianapolis aad vicinity to give ns a call, as we will attend to alt hntlnan left with us promptly. SULLIVAN a DREW. J. B. SULLIVAN. Auctioneer. oetSI dim

PROPOSALS.

Orncxor inihanap’us.cxawfoxdsvillx) Cka WTOxn^iLL^D^!,oao^r S07. [ TJROPOSALS will be received at this office nnJl til Saturday, November 16. 1867, at twelve o’clock EL, far grading, bridging, ties and track laying for forty-three miles ot road between Crawfordsvllle and Indianapolis. is, specificationa and bl’lsoftimty for examination* at the Engiofllce, ia Crawfordsville, on and alter Noor tt The right ia raaotved to reject all .... Jittaw aat eonaidored advantageous to the iterate of th* company, octffdtd C. R. ALTON Chtef Engineer. [Cteetanaftt Enquirer. Chicago Times ana Cleveland Plnindealer copy and send bu to this

FOR MANUFACTORY.

BOOTS AMD SHOES.

HOOFLAID’S SSBIAH BRTEBS, AMO Hoofland’s German Tonic. The Great Bemedki for ID Diseases of tbe

LITER, STOMACH, OR ORGANS.

MQRSTITX

HOOFLAND’S BERMAN BITTERS Is Bompiwi of (h# pure Jtema (or, aa they are medicinally n^^^H^BrntetaBteHtata termed. Extracts) ot R,.o o t • , Herbs, and ^mmmmuKf Barks, making a ■ — Mi preparation, highly c o n<:ea tra'frimaaAolWadmlMtmregmm$iUA. Uz * Lj S n ' H00FLAHFS GERMAN TONIC, Is a combination of all the Ingreffieote of the Bitters, with th# pursst quality of SatUa Oms Sunt, Orange, te., m&Uagon# the most plsesaat and

agreeable Those pi

admixture, will

stared te the pobUe.

Medicine free from Alcoholic

Hoofland’s German Bitters. Those who have no objection te Iks combination of the Bitters, ns stated, will nan

HOOFLAND'S GERMAN TONIC. They ars both equally good, and contain the seme medicinal virtues, th# choice between the two being n mere matter ef testa the Tonis being the most

palatable.

The stomach, from a variety ef eauaee, each es

“ Nervous Debility, etc, ts

ixir

hit new life Into their veins, restore In • <re enemy and ardor of more youthful up their shrunken forme, and

hai

“Ifind‘Hoof man Bitters’ 1c, useful in the digestive of great bene debility, and

oua action in the system.

the practice my appro sphere, I

wrapper ef All others ate

MmImI

Him* factory

CAUTION. > are counterfeited,

stpestere ef .BOEteent!

k Medietas Storey Be. fSTASCH Street, ThUaM-

phia. Pa. a

CMAMLMS M. XTANS, BwBffMA

«gp ■.A x

ava aep mam, EYE AND EAft. OOCLffiT ASd"aTBIST

1 w U I A 2V A P O At 1 $6 ,

flfilpi? application to taetatah. AlUurgical -r made in the nresence of th* tamitv — when desired^ Offensive Disch“ ges *frra?to* Ears of children (a tore forerunner of Deaftress, permanently cured. Chromic Infinmmtton et toe Eyes, cd yeerf standing, perfectly eared. Weeping er Watery Eyes, Cataract, films and cleers of the Eye. speedily cured. Me charge for an examination and an opinion and no ehiwge for nnaucee*atal treatment. Roosaa-M* West Maryland ttxeet up siAirs. ■Postage* Bax mg aogtl dlytopoottap

CARPETS, ETC.

Indigestion, Dyspepsia, Harvoaa Debility, etc, ta very apt to bare ita functions deranged. The Liver,

SS’TSglgffCB)

becomes affect ed, tbe result of whieh is that ^ tbs patient suffers from several er more efthe following diseases: Constipation. Flatulence. Inward Piles,

Fulness of Blood, to the Head-Acidity of the Stomach. Nausea, Heartburn, Disgust for Food, Fulness

or Weight in the Stomach, Sour Eructations, Sink-

ing or Finite of the Sto:

the Head, H Breathing, Fluttering! Choking or Suffocating Sensations urhen in a Lying Posture, Dimness of Vision, Dots or Webs before the Sight, Dull Pain in the Head, Deficiency of Perspiration, Yellowness of the Skin and Eyes, Pain in the Side, Back, Chest, Idmbs, etc.. Sudden Fluahea of Heat, Burning in the Flesh, Constant Imaginings of Evil, and Great Depression of Spirits. Tbs sufferer from there diseases should exercise the greatest caution in tha selection of a remedy for hit cose, pur chasing only that which hs is assured from his investtga ^ff f Uona aad Inquiries possess ,^m) es tree merit, ia skilfully com pounded, is free from Injurious Ingredients, and has established for Itself a reputation for the core of these diseases. In this connection we would submit those well-known remediee— Hoofland’s German Bitters,

AND

HOOFLAND’S GERMAN TONIC. PREPARED BY Dr. C. X. JACKSON, PHILADELPHIA, PA Twenty-two years since they were first Introduced Into this country from Germany, daring which time they have undoubtedly performed more enrea, and benefited enfflsrlng humanity to a greater extent, than any ether remedies knew* te the public. These remedies will etaeteally sure Liver Complaint, Jean * ,M > Pyopop - sis. Chronic or Nervous Debility, Chron le Diarrhoea, Disease of the Kidneys, and all Dlseasre arising from a Disordered Liver, Stomach, or intastinea PEniTamr, Be suiting from any Cause whatever t PBOSTHATION OF THE SYSTHM. induced by Sever* Labor, Hardships, Exposure, Fever*! Ao. * There is no medicin- extauS equal to there remedies in such cases. A tone and vigor ia imparted to the whole system, the appetite ts strengthened, food is enjoyed, the stomach digests promptly, the blood is punned, the complexion becomes sound and healthy, the yellow tinge ia eradicated from the eyes, a bloom is given to the cheeks, and the weak and nervous Invalid becomes a strong and healthy

being.

PERSONS ADVANCED IN LITE, And feeling the hand of time weighing heavily upon them, with all Us attendant ills, will find in the use

em, with all Us attendant ills, will find m the use 8 this BITTERS, or tho TONIC, an elixir that will

dors In a measnre ithful days, build

runken forms, and give health and ppiness to their remaining years.

NOTICE.

It is a well-established fact that fully one-half of the female portion of oar population are sel ^ dom in the enjoyment of f good health; or, to use tbeir ffffj own expreenever feel well.” They are Ion guld, devoid of all energy, extremely nervous, and have no

appetite.

To this class of persons the BITTERS, or the

TONIC, la especially recommended. WEAK AID DELICATE fnm.DRBlt

Are made strong by the use of either of there remedies. They will cure every case of MARASMUS,

without foil.

Thousands of certificates have accumulated In the hands of the proprietor, bnt space will allow of the publication of bat a few. Those, it will be observed, are men of note aud of such standing that they must

be believed.

TESTIMONIALS.

Hon. Geo. W. Woodward,

Chief Justice of the Supreme Court of Pa., writes:

Philadelphia, March 1#, 1867.

land’s Ger1S a good ton-

ases of

diseases

ergons, and dt in cases of wont of nervYours, truly,

GKO. W. WOODWARD.” Hon. James Thompson,

Judge of the Supreme Court of Pennsylvania. Philadelphia, April 28,1306. * I consider 'Hoofland’s German Bitters’ n txuwv H* tnedicins In case of attacks of Indigestioa or Dyspepsia. I can certify this from my experiens*

of it. Yours, with respect, JAMES THOMPSON.”

From Rev. Joseph H. Kennard, D.D., Pastor ot the Tenth Baptist Church, Philadelphia. Dr. Jackson—Dear Sir: I have been frequently requested to connect my name with recommendations of different kinds of medicines, but regarding

as out of print* have in oil eliaed;but proof la stances and

particularly in my own family, of the usefulness of Dr. Hoofland’s German Bitters, I depart for once from my usual course, to express my foil conviction that, for gensral debility of ths system, and especially for Liver Complaint, it is a safe and vahuiUe preparation^ In some coses it may fail; but usually, I doubt not. It will be very benefleial to these was sutar from the above causes. Yours, very respectfully, J. H. KENNARD, Eighth, below Coatee It. From Rev. E. D. Fendall, Assistant Editor Christian Chronicle, PhOada. I have derived decided be nett from the ore of Hoofland’s German Bitters, and iMl tt my privilege to recommend them os a meet valuable tonic, to all who are suffering from general debility or from ” 1 arising from derange mint of thellver. *“* * E D. TEND ALL.

PRICES. Hoofland’s German BUters, gertottle, . 61 *• foofland’e German Tbnle, pat ap la mart hotting 81 •Sarehattta era half derea for fT flflt *ta- Do aot forget to examine veil the artiste aba* laordartoast tbsaseaiae. octl6 d*»w.WAS,ly

mu« 1 vW

NEW STOCK

CARPETS, WALL PAPER Window Shades. OIL CLOTH.

Etc., Etc.

Gewds, and Sell tfceaa aa Cteem mmr MouseUa ttee city

GALL A RUSH,

1D1 K$st WashiagUa Streets

augSI <13 m

teppMlte c*urt House.

UNIVERSITY.

ST. MARY’S ACADEMY,

Kot**

»e, Imdiunm.

CJTUT)IBS will be resumed at this Insutute O Monday, September », 1867. For Catalogues, address jy*6 dtiljel,’68 MOTHER SUPKBiOM.

LUNCH.

EXTRA FREE LUNCH,

Tuesday, SepteaaMer 29,

A ND on every other day in the week, at hall-

XX pas t one o’cioc s

sep28d3m

MATHIAS EMENKGGER,

111 and 113 East Washington street.

PROFESSIONAL.

J. at. YOILAJBT, at. Uw. Eclectic JPliysiciaii, SURGEON AND ACCOin HKk Offio* No. 188 (residence No. 198) North Pennsyh rente street, one and a half squares North of Postoffice, Indianapolis, riwUnna Offioe boon from seven to nine a. m., on*' three and seven to nine » n rohta dly

CHINA GLASSWARE fcTC.

JOHN W00DBBIDOE & 00,

IMPORTERS AND DEALERS IN

CHINA, GLASS AND QCIINSWAU,

TABLE CUTLERY,

Water Filter* i

L Coolers,

Refrigerators and Beer Coolers,

Site.* ICtc,, Stc.,

1« West WmaMlagtota Streot*

irtmAAAPOAja, utdiatva. ang89 dSm

BLACKING.

Famous Raven’s Wins Blacking*,

Ultra , * 9

THE

“IS© Ulus

1* curry in* everytMlm* Before tt.

Westerm H*md«mmr«*r*,

€7 W$]i«t Stmt, - - CiiciaMtL

oct96 dSm

BOOTS AND SHOES.

wortte mi mew Anil fecit

Leek ml ttee

keEnre y*m ferny..

Poltafe mmd ■mtffam Wmlklmg »—ta, wttte sfeort dreeoes, mre fine rmffiemow. Tfee lm«ee* *tyleeetaa fee ~te*Wtejroto*feoo*toswr^^^^^

WHOLESALE GROCERS.

a. jones a COWHOLESALE GROCERS, Nos. T4 and Tfi (Sehnulls net* otock, > South Meridian Street,

Imdionmpotto. ImdUomm.

B.». A. W.

•5L

teMttty

FOSTER. HOLLOWAY & GO., WMOUSH JL T.TC a- ocbrs, COMMISSION AND STORAGE MERCHANTS,

Flour, Fish and Salt Dealers; Irota From*. Moo. «« mmd TO Es—to ta*lmw*ure Street, 1Z> 1 Jfe It-A P O I* M*

ROOTR ASSR-RttOtR,