alDtrockcriguaingeeeettnen es AR tle een: A WEEKLY JOURNAL OF POLITICS, VOL. AVII. } SELLING OFF! HE Subscriber intending to close his RETALL BUSINESS, offers hie srock in ‘Drade, ar Greatly Reduced Prices FOR CASIL! The Stock comprises the various assortments in Dry Goods & Groceries, consisting in part of DRESS MATERIALS, CLOTHS, FLANNELS, KEADY- MADE CLOTHING, HATS & CAPS BOOTS & SHOES, COTTON WARPS, &e &e As the above Stock mast be sold out by the Ist November, GREAT BARGAINS may be expected Rewember, uext door to ** Apothecaries’ Hall." ALEX. ROSS. Aug 12th, 1887 Ch town, - BEALEBS & CO, Merchant Tailors & Drapers, Ladies’ 4M Misses’ loop Skirts, Late Smardon’s Corner. HE Subscribers desire to return their sincere thanks to their friends and customers forthe very large amount of patronage heretofore ex tend-d te them, and trast the sawe faver may be cout:naed towards them Having now secured a very comin ious and suitable business slain bey leave 2 briag the tollowiug facts before the padlie, viz :— lh at thev are now prepared to carry o the above basiness apon a mere extended seale, and, being in possession of the moderu improvements, whieh. coupled with their usual stvle of ec nit ng and carefal workmanship, they trust to me un juerease of that very lideral patronage already re eeived wt the hands of a discriminating public, | since their commmenucemenutia business As weual, Garments Warranted to fit Residence and piace of basi ress —corner of Great Gieurge Sireet and Queen Square, where moderate eharges aud punctuality will be the order of the d.y BEALES & CO Ch'town, 10th Jane. (887 tm Every Man his own Fire Brigade. being Card ont, which —Vide Mr Comins L'EXTINCTEUR, A new Poriable. self-acting Fire Bagine, for the Evt:aguishing of fires tn ther early stages a 4 Tieel fi e eu fered Vere Cuil ie} t wel! iu the British Hewse of puicaly pa t wh cau be carried on the back to This little Fnvine auy édesired spot; throws a snail stream of waiter impregnated with civht times tts volame of carbonic acid wae, which i< the mest simple and most effec tive Means vet Suewn to # for destroy ing fence fre They tave the advautage of being always ready fur “use All that is uecessary 1 appl iny them is to turn the tap with one hand and with the other direet the stream upon the flime . cost of them is bat triflinw. ranging frou SiS toss The? are «also made in ¢ pper ip te Za lhev are indispensable for houses. stores warehouses, fac Juries, pudiie otlices, halls, &e . &e JR WOODBURN. At Mr. Young's Store, Queen Square Jniv 15, 1857 Bristol Line to New York, VI\ BRISfOL, R. L. FAKE: Cabin, 33: Deck, $4. . A leave the Depot of the Boston aad Providence Railroad, Pleasant street, d v Sundays eXcepte At & 30 FP. ME. Fer steamer PROVIDENCE, Capt. Benj M Simmous, ou Mondays, Wednesdays and Fridiys For steamer BRISTOL, Capt Benj B. Bray- ten, ou Tuesdays, Poursdays and Saturdays Pasaengera going by this line te Philad-ip Baltimore and Washington, can couneet with New Jersey and Camden aud Amboy Railroad Thie line counects alow with the Athena line going to Saratega and the West, lauding at the seme Pier tn New York. Baggage checked through. Tickets. State Rooms and Berths ean be secured at the Agent's office, Old State House, corner Washington and State streets, and at the Boston aad Providence Railroad Depot. GEO. SHIVERICK Passenger and Freight Agent 3m 3. the July 15, 3867. ae, Flour, ‘Tea, Wines, Spirits, AND Groceries, &c, &c, &c. THE Subscriber has received, and his on hand, the following GOODS, whieh he offers for Sale at hie Store in Water Street :— Bois. FLOUR (Extra Superfine and Fine), hls. CORNMEAL, Puncheons Strung VEMERARA RUM, Hinds. GiN, Qtr. Casks SHERRY, De. dv. PORT WINE, De. do. PALE BRANDY, De do. Brown BRANDY, Do. do. Seoteh WHISKEY, Cases Pale BRANDY, ds. Brown Dy. Do. Secoteh V HISKEY, Do. Old Tom GIN, Yo. CONFECTIONERY, Bole Washing Suda, ibuxes Soap, Cases Composition Candles, Do. Blacklead, ‘ Caske BOILED OIL, Coils Manilla ROPE (assorted sizes), Do. Hemp Ripe (assorted size), Buxzes Pipes, Kegs Mustard, Boxes Starch, &e. &e. ke. DOUGLAS M. HARINGTON Water street, Charlottetown, 7 is} sj Sen _._Jine Sed, 1867 Four, Tea, Sugar, Molasses, _ Gin and Rum: &e- KE Subseriber baz in Store and for Bule— il Hhde Pright Porto Rico SUGAR, 28 Pans Bright Retailing MOL ASSES, § Pans. Demerara RUM, Pale & Colored, ® Chests Superior Congo TEA, * Hhids Hoeiland GIN, ) Buls Superior Extra FLOUR, %® Boxes La rerpool SO) | M40 Bundles White Cotton W ARP, Hinds. and @ r Caske Pale BRANDY, Hhds. Port and Sherry WINE “ OWEN CONNOLLY. Sh'toven, 25th Feb, 1867 FOR SALE. 2 Uhds. bright SUGAR, 2 Peas MOLASSES, 100 Sides Nu. | SOLE LEATHER, 80 Bags CORN MEAL, 2% Cases fine old Pale BRANDY. 10 Qe. casks Hennesy’s BRANDY, 3 Pune. fine old Demerara KUM. , A.H. YATES. Telegraph Buildings, ce ert. | OTICE:; | JS dereby given that the SUMMEK3IDE BANK having assigned to us their ‘nterest in a of Sale, given them by Messrs. PIDGEON STEWART, of Clifton, N-w London, of their | it Trade, Book Devts, Notes of Mand, &c. | = one indebted to the said Estate of Pidgeon Wart are therefore requested to make iiu- Payment to us nities . CARVELL BROTHERS Li'town, June 24. 1567. A GOOD LIVING. AXY Person wishing to purchase one o ey a f | moat valuable and beantifal FARMS with- es of Charlottetown, can de so by i@alion io HEIL BARRIN, Auctioneer, . or E3 A Charlottetown, April 1, 1867 DMAN, Crapeud. i ‘ ) Georgetown ‘to the aaid Estate are req “This is true Liberty, when Erceborn Men, having to advise ON SALE, | AT THE British Warehouse, WINDOW GLASS, Paint, Oil and Patty, Superior article in TEA, Moist and Refined SUGAR, LRON BEDSTEADS, Wire Dish Covers, Metal Teapots, Brass Kettles NURSERY FIRE GUARDS, Brass and Mahogany ‘ POLES, ENDS and RINGS, AND General Furnishing Goods. W. & A. BROWN. July 2, IRA7 New Dominion Goods!! PEL CYGNET FROM MONTREAL. So eheap as to defy competition. Boots & Shoes, Gents’, Ladies’ and Misses’ Balmoral and Congress, in Kid, Ualf and Prunella, &e. 25 per cent Cheaper than can be bought in Town. BUTTERFLY TIES! Paper and Linen Collars & Cuffs, in the favourite stvles—Standard, Enamel Piek wick, [llustrated, Gem, Military, and Shakspeare, all perspiration ~ proof, und No Poison SOLD AT SMALL PROFIL, WHOLESALE AND RETAIL. Au Examination wili confer a favor. J. W. FALCONER & CO. _South side Qaee Tints Nw is the time to Buy WATCHES AND JEWELLERY CHEAP! Sotar OF IGT i of the whole of resent stock of Watches His |} ind Jewellery. oifers it at greatly reduced prices, | tur CASH ONLY Che Stock consists of Silver Watches of various kinds and prices. Gold and plited Watch Chains, Keys, Bars, Hooks and swivels. Searf Pins, Shirt Studs, Sleeve Suibs, Plain and Faney Fingee Rings. Ear Kings, Brooches, Brix Pencil C.ses, Lockets and Charms in Jetand Steel Brow elets, Crosses, Thimbles, reat Vv riety, Kar Rings and es, Crosses Bracelets Also Plated Ware in Custors, Te ipots, Ceasp cons, Pivkle Forks Poast Ricks, &e. &e ALFRED PURCHASE, atthe Old Stand, opposile the Store of the Hon. P Walker Charlotteto-vwn, 1% Any S87. fin CHARLOTTEfOWN AGADEMY Foa YOUNG LADis3 ’ W ohh Kis - Of} inN AUGUST ls 1 _& us tueluling Board and Tuition in bug Wusic lish ench and Liz 10s per jtarter, pavable in ndvance Dav papil<, Lo per quarter, Vocal Music, Gerinman anud Drawing, extra. During the Winter season the Young Ladies will have the privilezve of attending weekly ech irer vn Various setentifie subjects tpon which they will itterwards be examined Ly the Lecturer \ gene ral eXaiuiiation takes | hice once & yeg?, to w eh parents and frienis of the ptpila are buivited \ qvurter s notice required pr-Vioug to the removal of a pupil. Li connection with the above, there is a Dav Sesool for younger Children. Terms, includ ing Kaglish, Masic and French ,L3 (0s per quarter, j For further particulars apply to the Principal, Mra. MeDoseie, or to the Rev ly Pitagerald Rector of Charlottetown, P E Island. | nivable in advanee Nb. A Freweh Class, twice a week, in whieh there will be vacancies for three pupils uext quar ter. Terms L2 per quarter. Lustraction in Musie | L3 per quacter, for two lessons a week. | 15, 1867. 3m July EGUSATION, LANGUAGES, — | } PXMUE Undersigued teaches Latin, Greek, | Freneh, Italian, En-slish Composition, Gene- | ral History, Drawing, awd Perspective. He is also | willing to read fur and select the literary depart meut of a news) i er ‘NEWBERY, B. A. Christ Church, Oxford, King Sireet, Ch'town. F. April 15, 1067.” . Consignees, take Notice! ERSONS residing outside of Charlotte- town, having (@OODS to come by the Steam- | ship “ ALHaMBRa ”’ or ** Commence,” and desir- ing them forwarded, innst send to the SUBSCRIB- ERS, or their own AGENTS in cbe City, the original INVOICE of the Goods, by which to | make the proper eutries at the Custom House, for | duties to procure the Permits to deliver. \ ' CARVELL BROs., Agents B. & C.8.8.C. | } | July 22, 1867 MACKEREL. 7 . . | TANTED to purchase, any quantity of | Mackerel, for which the highest price in cash will be paid. | CARVELL BROS. | July 29. 1867. SHOP TO LET. ‘Te BE LET from the 1st day of October | next, that Eligible Situated FIRE-PROOF | SHOP and Premises, adjoining the ** Cory Hanp- wane Stroke,” at present occupied by Mr. Lepage, fronting on Queen and Dorchester Streeis. DANIEL BRENAN. 3in | | Chitown, Jaly L, 1867. abil | a FOR SALE! | Frechold Property in Georgetown. | He SUBSCRIBER offers for Sale| ‘own Lot 15,.No 3rd range, ‘Letter F., in with the Buildings thereon, con- sisting of a Dwelling House, 36 x 26 feet, 12 feet | post, und # Work Shop in course of erection. Terns Lisenar. a THOMAS MAU Georgetown. Augnet 1, 1867. ER. tf : Notice of Dissolution. YEVUE Partnership hitherto existing be- tween James MeLeop and Jonny CanistTian, Tailors, ander the style and firm of McLEOD & CHRISTIAN, is dissolved. The undersivned takes upon himeelf | the settlement of any dealings in connexion with Fy i ershi the late partnership 340: MeLEOD. Charlottetown, Aug. 14, 1867. TUE above Establishment will from this date be conducted und -r the control and management of Mr. ALEXANDER McDONALD, who willhave the transacting or settliag of all bosiness tu con- vexion with or belonging to the Firm. JAS. McLEOD. Charlottetown, Aug 14, 1867. [iy ae Administration Notice. ; : ing claims against ; Li PERSONS means 2 e° iA neat assortinent of Tinware, jcarry out this plan. new to a free ecuntry, the Estate of PETER MACLELLAN, late of Barnt Point, near Georgetown, farmer, deceased, (Margaret MacKenzie, Adininistratrix,) are request- ed to faruish the same, daly attested, for settle:neut to the andersigued, and all persons indebted to the suid Estate ure requested to make immediate pay - matte R. REDDIN, Attorney for the above named Adiminictratrix. Angust 12, 1867. din roy yaz isl her ~ Administration Notice. LL persons having claims against the A Estate of CAPTAIN JOUN MecISAAC, late of Souris, deceased, are requested to furnish their accounts, duly attested, to the undersigned, Admin- jatratrix of the said Estate ; and all persons indebted uired to make immediate ee. MARY ANN MeiSAACG, Adipiniatretsix, Houris, Augaget 19, 1867, bm SHE Subseriber being desirous to dispose | CHARLOTTETOWN, PRINCE EDWARD ISLAND. ST, DUNSTAN'S COLLEGE. Under the patronage of His Lordship the Bishop of Charlottetown. POETRY, LOLOL LDN OL PAST AND FUTURE. — FFXHIS INSTITUTION is situated on) 1 count it profitless to muse and sigh the Princetown Koad, a mile and a quarter ; north of Charlottetown beautiful, healthy, and far removed | distractions and moral dangers of the city. The halls and rooms of the building are spacious, airv, and comfortable . The College Grounds are large, affording room for games and athletic exercises. The course of studies embraces all the branches | * necessary 20 prepare young men tor the study of the learned professions or &t them for mercantile Dosa Latin, and Greek Lauguagea, Rhetoric, | Mathematica, Philosophy, Chemistry, &e. vocal and instrumental—is also tanght The College possesses a large and well selected . Library, as wellas an extensive Plilosopliy Ap- | puratas. The Professors and Teachers reside in the In- stitution, forming but one family with the students, nud exercising a constant supervision, favorable to discipline, decoram and good morals. Catholic students are carefully and frequently instructed in their holy religion, which they are required to practise. The most solicitous attention | is paid to the morals of all; and whilst within the | And waste heart waters. | College euclosure, they are constantly under the Perfect discipline is strictly bat kindly enforced. testimonials of good character. The College is visited reyularly once a week by a Physician. TERMS Pen Quanters or Il Weeks. Board and Tuition, £5 | Use of Library, . 6.44 | Physician's Fee, - . e 1 Payments to be made half-vyearly in advance The College furnishes bed-steads and mnattrasses ; the students must provide their own beds and bedding. brushes, basins, towels, &c The site is peculiarly | from the | ample | ursaits, such as History, Geography, the English, | Masic, | watchful eve of one of the Teachers or Prefects. | Students when entering must produce satisfactory | O’er memory’s record of our buried years ; Were it not best to lay it gently by, And bid our eyes, while yet unwet with tears, Look ouward, upward: onward to the grey | Dim haze which shronds the future from our sight : | And upward, towards the bright, infinite day, Whose myetic dawn shall triumph o'er our night? | Well might we sigh and weep, if sigh or tear Could change the volume ina single page, | Cleanse one foa! spot, or soothe one fretting fear; Well might we weep and sigh, from youth to age, ‘If sigh, or tear, or prayer, could e’er prevail To blot the evil from our life's told tales. | Well might we weep and sigh if that could bring Back to our groping arms and empty hearts, our lost; Or win the sun of youthful hope to fling Its olden brightnes on our tempest-tost Bat it cannot be ; And since it canuot, wherefore should we weep ? | Were it not easiest to trust that He, Who all things past and future aye doth keep, Will mingle merey with His dread survey, And give us strength live’s future page to write | In characters as pure as mortal may 7 | | Yea, we will trust Him, bidding heart and eye 0 0) Forsake the past, and look up faitiuflly. LOVE AL #ixst SiGUT. 1e racing river leaped and sang, vy Full blithely in the perfect weather. All round the mouniain echoes rang, For blue and green were glad together. The Scholastic year commences on the first * Wednesday in September aud euds about the middle of July Mtudents are requested to enter the | College ou the first day of the opening of the Classes For further particulars apply to A. McDONALD. St Danstan’s College, Aug. 19, 1867. — isl 6in * The classes will be re-opened this year on the Iith September The Centre of Attraction ROBERT YOUNG'S, (Jueen s Sjuare. | | The Best and Cheapest Hioop Skirts in the Trade, are at R. YOUNG'S. The Best Assortinent and Newest Styles of Summer Dresses ure at ROBERT YOUNG'S. The Cheapest place to buy Shawls & Maniles, is YOUNG'S. The cheapest COLLTONS are at R. YOUNG'S. Ladies and Gentlemen's Paper Collars & Cuffs for the Million at ROBERT YOUNG'S. Beautiful BONNETS and HATS, chenp at ROBERT YOUNG’S. The Original Weed SEWING MACHINES, the C@8¢ Of the debt as the defiviency of men to | best in the Market, at ROBERT YOUNG'S. i This rained ovt light from every part, | Aud that with scngs of joy was thrilling ; But in the hollew of my heart There ached a place that wanted filling. Before the road and river meet, And stepping-stones are wet and glisten, I heard a souud of langhter sweet, Aud paused to like it, aud to listen. I heard the chanting waters flow, The cushat’s note, the bee's low bumming— Then turned the hedge, and did not know— How could I !—that my time was coming. A girl upon the nighest stone, Halt doubtful of the deed, was standing, So far the suullow flood had flown, Beyoud the customed leap of landing. She knew not any need of me. Yet we she waited all auwitting : We thought not L had crossed the seu, Aud lalf the spleve to give her meeting, I waded out, her eyes I met, I wished the mowents had been hours ; I took her in my arms and set tier dainty feet amony tie towers. Her fellow-muaids in cops¢ and lane, Ai! still, methinks, I hear them calling , The wind's sott Whisper in the plain, Phe cushat’s coo, the waters falliag. But now it isa year ago, But now possession crowns endeavour ; LT took her in my heart ty grow PA ips nasi aaein LITERAT URE AN NEWS. the Public, may speak free.’’---Euripides. ER 2, MONDAY, SEPTEMB ee — _— abandoning in plain terms its intention to| ence between the State liabilities of 1860 and force men into the army against their will, | 1867 represents bounty-money tosoldiers who, the Government postponed the conscription ; | without bounty-money, would not have pulled | and the owners of house property, and other | a trigger or risked a limb for the conquest of wealthy persons in the great cities and|/the South. These fisares, however, are |towns of the Union, alarmed at the but too| merely the debts of these several States, and | probable consequences of popular insurrec-|do not include the County and City debts | tions, resolved with remarkable unanimity | incurred for the same purpose under the |to double, to treble, and to quadruple /terror and pressure of the conscription. It | the bounty offered by the Government. | is possible that, with the sole exception of The several States voted large sums of money | the State of New York, the war debts of the even the small towns imitated the example; | creased 80 greatly as those of the States of and it actually happened in sore places, so | New England; for New England paid for a great was the terror of the conscription, that| greater number of soldiers, but sent fewer as much as 3000 dollars (£600) was paid for of her own sons, out of pure love and patriot- a single recruit for the Federal army. Men/ ism, to the war than any other portion of but newly landed im the streets of New York the Union. The State debt of New York from Bremen or Cork clutched greedily at | increased, during the period, from upwards the bounty-money; and, after providing of 34 millions of dollars to nearly 52 millions; the nselves with patent-leather boots, a) while the debts of some of the counties and breast-pin, a silver watch and chain, acd de-| cities, whatever their previous amount may voting a few score of dollars to a drunken) have been, increased in some instances ten- boat in the gay capital, marched off to the) fuld. Tie county of Richmond, closely con- reinforcement of the besiegers of Richmond, | tiguous to New York, may be cited as one and did as well as they could the duty they instance. Its debts rose from 80,000 dollars, had undertaken to perform—not for love of in 1360, to upwards of 800,000 dollars in the American Union, not for hatred ef slavery, | 1366—the whole of the increase being for not tor glory, not for fame, but solely oe Resear eanene to prevent the classes that love of money. A very large percentage of! would otherwise have been conscripted from these men—how large never was, and perhaps | rising into rebellion, and burning down the never can be knowo—were false to their bond, | towns and villages, and murdering the ne- acd deserted at the first favourable oppor-|groes. Various estimates upon data moro which they had not previously visited, and where their antecedents were unknown, to receive the bounty asecondtime. ‘** Bounty- jumping,’’ as it was called, becamea regular trade among these mercenary and heartless scoundrels. One fellow, who was afterwards shot for desertion, confessed that he had re-| 000,000 dolinrs—a sum, if guld were at par, ceived the bounty-money in no less than! representing £300,000,000, and that, in seventeen places, and died in possession of | the present depreciated currency represents | between two and three thousand pounds about £100,000,000 less. The owners of real sterling, with which he had hoped to get | estate, finding themselves well nigh ruined safely back to his native Tipperary. by the double burden of Federal and local Thus while the Federal or national debt| taxation, are endeavouring, not unnaturally, was steadily augmenting, and had risen from to shift their liabilities upon the National the 700,000,000 dollars which Mr. R. J.| Government. ‘The debts,” they say, *‘were Walker thought so alarming to at least four | incurred for the support and restoration of the times that amount, another debt, not quite) Union, and the restored Union ought to be so large, but nevertheless very formidable, reeponsible for them.’’ I[t remains to be was rolling aud gathering in the several | seen whether the arguinents of the owners of States of the Union. At the close of the war, | land and houses will prevail, and whether, the Federal debt was estimated by some to. by the action of the various State legislatures, | amount to 4,000,000 ,000 dollars—by none at such a pressure may nut be brought to bear lof the Union. places these debts—those of States, Counties and Municipalities all included—at | 500,- for this purpose ; the counties, the cities, and remaining States of the Union have not in-| tunity, to enlist again in some new town) or less authentic and trustworthy have been! of a political platform on which a Pre- made of the total amount of State indebted-| sident is to be elected,—who ehall say that ness, a3 distinguished from the indebtedness | The lowest estimate, based | of our article, upon anything like competent authority, | |less than 2,500,000,000 dollars It is ad- | mitted by Mr. McCulloch at the presant day | to stand at the lower sum; but whether this amount be or be not exclusive of at least 900,000,000 dollars of greenbacks and other forms ot Federal! paper in circulation, wore- presented by gold and silver, has never been clearly explained. American Finance is not the clear balance-sheet to which the British and even the French people are accustomed. The Secretary of the Treasury, ualike our Chancellor of the Exchequer, has no seat in the Legislature, and makes his annual state- ment in writing, with pone to ask him ques- tions on doubtful points, as occurs in the House of Commons. The debt, whatever its actual amount may be, bears interest at rates varying between five and seven per cent , 80 that even if it amount to no more than 2.- 50,000,000 dollars, the annual charge upon the industry, trade, and resources of the Union is fully equal to that borne by the in- habitants of the British Isles. From time to time statements are put forward with more Aud fill the hollow place forever. eee | ve for July, 1867.) [ From Bluckw vod s M Ugpzir —_—_ THE AMERICAN DEBT, AND TOE FINANULAL PROsVECLS OF THE UNION, ( Concluded.) At thie time it was notso much the in-| supply the waste of war that alarmed every-| body in the North. Mr. Lincoln was con | tinually calling tor men; but the men did- not appear. He was told if he would but) Real Paisley Shawls for less than they can be | Issue & proclamation for the abolition of imported, at ROBERT YOUNG’S. Ladies’ SERGE BOOTS, from 7s Cd per pair, first rate article, at R. YOUNG’S. FIRS® RATK TEA, at ROBERL YOUNG'S. tf 2PRING luPORTATIONS. J. W. FALCONER & C9, AVE JUST RECEIVED their large and varied STOCK of & Summer Goods, or Charlottetewn, loth July, 1867. I Spring LADIES DRESS GOODS, In great variety. Hosisery, Guoves anp Suaty Wares. | and Mantle SELK, 02 of the press, culled upon God to bless « 4 . . Dress A Capital Stock of Cotton Goods, Grey & Bleached Cottons, Prints, Striped Shirtings, Tickings, Drillings, A PRIME LOT OF COTTON WARP, Red, White and Blue; Roady-made Clothing, Hats, Caps, Shirt Collars, Ties, Xe. ALSO, Black Broad Cloths, Tweed and Fancy Doeskins, LADIES’ & MISSES’ BOOTS. STAPLE GROCERIES, Tea, Sugar, Molasses, Raisins, Currants, Spices, Blacking. A CALL RESPECTFULLY SOLICITED. Charlottetown, July 22, [867. A. HERMANS, GUNS YVILTH, Bell- hanger and Tinsmith, EGS te inform his friends, and }meneed Business on Dorchester Street, door to the Reading Room Building, where he is prepared to exeente ail orders in his line with | _weatness and despatch. ON HAND, | Kitchen Utensils, &c. Xe, j Exposition of 1867. | Market, aud suitable for either Fara use or on “buard Vessels. ' A few Warer Coolers on hand, which, together with a large variety of other Stock, will be sold cheap for Cash. | Mr. HERMANS is Agent for SAWYER'’S ‘CRYSTAL BLUE, a uew, economeal and ‘superior article used in washing, whereby a sav- ing of fifty per cent is guaranteed, and for which ‘he begs to sulicit the patronage of Laundry Maids, | &e. P i Ch'town, August 26, 1867. 4in | | &/ the sinith the forge, the clerk the desk, and |a politician in the American sense of the word. slavery, that the highways and byways of the North and West would swarm with en- thusiastic volunteers — that the ploughman would leave the plough, tie weaver the loom, the elergyman the pulpit, to take up arms in this new crusade, this buly war, this sacred battle for the rights of man; that America would present a spectacle the like of which was never seen since the world began, and which, recorded in the page of history, would render him, his age, eng his country, illus- trious for evermore. Mr. Lincoln was no en- thusiast ; he was not even a philosopher, but As a politician, and to some sinall extent as | a philanthropist, he had his doubts. He did | ‘sion and tu | his own views; and ultimately, after much joscillation and miegiving, be yielded up his Shawls, Mantle Cloths, Parasols, | | required; and the bounty of one hundred the | public generally, that he has again com-| the Mississippi. next! including the patent Bon Ton Coffee Pot, which been instilled into the heart of the received the Gold Medal Prize, at the Paris, 3. Also, BON TON LAN-| York ;—riots that, if there had been a man TERNS, which will surpass everything in the ah unineme not in his heart believe the negro to be the | equal of the white man, unless his spoken | and published words belie his convictions ; his opiniou of slavery was, that bad as it might be for the blacks, it was still worse for the whites. But he was open to persua- influence. Ue was no bigot to |judgment to thatcf others, aud launched | his proclamation. The pulpits, and a por- | Abraham Lincoln for the great work he had undertaken ; but the volunteers did not rush to battle as was predicted. [tis doubtful | whether one hundred men, or even half the | ur less show of authority that the debt has _ been sensibly reduced since the conclusion of the war, and the world was told only a few weeks since that no less a sum than forty willions sterling had been paid off withia the last sixteen months. But the modus operandi was not stated, nor bas any proof of the fact been afforded either by the American Govern- ment, or by its admirers in England, who never tire of boasting of the wealth, energy, power, and glory of the Great Republic. To pay off liabilities to the extent of forty millions sterling by an issue of greenbacks to that amount, supposing that to be the means adopted, isa mere juggle and hocus- pocus; though it may be a temporary ad- vantage to effect such an operation, inasmuch as the debt, properly so called, bears interest, and greeubacks bear none. If the debt were really in process of diminution to any- thing like the extent indicated, there would svarcely be such complaints throughout the Union as daily cross the Atlantic on the wings of the prees, and in the private corres- pondence of merchants. The Customs duties are notoriously falling off, as may be judged from the case of one great dry-goods house in New York, the greatest in the world, which during the last year of the war paid duties to the amount of 4,000,000 dollars on the manufactured fabrics of Great Britain and France, but which in the first year of peace paid but 800,000 dollars, or one-fifth of its former contribution. Gold continues to average @ premium of 37 per cent. The enthusiasm of speculation that ran riot during the war has covled down, the little business that is done is transacted entirely for ready money; credit is defunct; and men, ill at ease already, dread the return to specie pay- ments, which some statesmen consider the true panacea four all the evils that seem to be in store for the country, as the one thing that, above all others, would bring down the whole financial fabric with @ crash that would astonish the nations. But the Federal debt, great as it is, is not the only debt that is working evil throughont the Northernand Western States. The local, or State and Municipal debt, incurred during number, were moved by the proclamation to | the progress of the war for the payment of shoulder the musket in * the holy cause.’’| bounties to voluoters, are found to be of Volunteers, it is true, did at this time and gigantic proportions. afterwards, swarm in the highways and by- As the States and | Municipalities have no means of raising a ways of New York, New England, and Ohio; | revenue like those at the command of the i but they were the volunteers of an earlier National Governmest, acting by auchority of 'day, who had served out their year, or their) Congress, they are compelled to throw the two years, and were hastening home, dis.| burthen entirely upon the rates to be assessed } heartened with the incompetency and unsue-| upon lands and tenements. These local | ceas of their generals, and resulved to turn) taxes, even prior to the war, were fuund | their swords into pruning-huoks and tu study | sufficiently heavy in such great cities as New | war no more. York, where the Municipal Government is | At this time, although there were searcely fligrantly dishonest and corrupt ; ‘but the ad. | 900,000 men in the roll of the army, pity | dition of boun*y bardens to all the previous jand rations were issued for upwards of | liabilities which were thrust upon property, (700,000 Who received the difference was, has almost proved too much for property to | never stated, and how long the overplus was/ bear, Llouse-building, except for a few | paid was never ascertained. Somebody, or! millionaires who grew rich by the war, has | several some bodies, must, bowever, have grown almost entirely ceased; and cities that were ‘rich upou the plunder. Men were argently yearly expanding into the green fields, and d stretching their suburbs to every side, have ‘dollars, paid by the Governm-nt to each | become froz-n, as it were, in their ancient ‘recruit who would undertake to serve for the | limits. House-rent has enormously increased ; /whole duration of the war, however long and the labouring classes io New York and ‘that period might be, failed to keep up the some other cities ure quite as unwholesomely ‘ranks to the full complement required for packed as tle poor weavers are in Spitalfields, }such stuvendous operations as were in pro- or the trampsand beggars inthe moat feculent gress before Richmond and in the valley of back slums of London. The exact amount of Persansion, even though the State debts for the whole Union is not backed by twenty pounds, worth of green-| known; but, before the war, there were no i backs, pot being adequate, it was resolved | great burden, inasmuch as they were mostly at first timidly, but afterwards more boldly, imeurred for public works of a remuneratize to try what compulsion would effe-t: and a nature—such as canals, water-supply, rail- ;conseription was ordered. The sttempt to roads, and other useful undertakings. But the new debts are in a different category, and represent nothing but slain, wounded, or re- and utterly antagonistic to every demucratic principle which for three generations had | youth of America, speedily led to the riots of New of the richest halfof the country. The debts of the New England States, of which an authentic statement has been published, may apable of a great deed and of be taken as a sample ef the rest. & great purpose, might well have proved the commencement of @ Counter-revolution; but -which, being without plan or leader, re- -mained riots and nothing more, and were chiefly remarkable for the cruel and almost insane hatred which the rioters, exhibited and of Naw Humpsiure, 82,000dollars. towards the jooffsnsive negroes, whom jthey believed to be the sole cause of of the year ‘the war, . and conssquently of the of Rhode ; vonsoription. turned soldiers, and the subjugation andrain | upon Congress as shall induce that body to aceede co a demand not in itself unreasonable, and thus diffuse over the whole tax-paying community a liability that falls much too heavily upon a single class to be accepted as equitable, or consistent with sound public policy. Adding this 1.500.090,000 dollars to the admitted 2,500,000,000 dollars of the national debt, there would arise the too- wmagnificiert total of 4,000 000,000 of dollars, or £800,000,000 sterling, incurred in little more than four years, and of which an annual interest, much in excess of that contracted for by the British Government for a debt of the same amount which it took forty or fifty times as lorg to incur, will have, now and hereafter, to be provided for by the American people, if they keep faith with one another, and the foreign purchasers of their boods. But this sum, large as it is, doss not re- present the whole indebtedness of the Ame- ricaos. It represents merely the amount which the North expended in the conquest of the South, and which that very conquest prevented the Suath from contributing to in any appreciable proportion. The amount of debt which the South incurred in resisting the invading armies and fleets of the North is not known even to the Southern people. There has been no one to ‘‘take stock”? of it There has been no responsible minister eitier acquainted with the details or authorized to make them known. The Southern people feel and know that they and their children are ruined; that the wealth of a whole generation, in one uf the most fertile portions of the habitable globe, has been expended in a gallant but useless struggle; and that if they were to estimate their debt as fully equal to that of the North, they might pos- sitly underrate it. in the North, it was true, there was all but limitless waste, but in the South there was all bat limitless des- truction. The South owes nothing beyond the limits of its own impoverished and devas- tated States, except the cotton loan effected in England, which some day or other, if it have the power, it may possibly recognise as a debt of honor, more sacred than if it were a debt recoverable by process of law. That debt is but a poor two millions and half sterling or thereabouts; but the debt which it incurred to its own people is probably not far short in amount of the Federal debt of the North. Putting it atonly half of the Federal debt, and adding the two debts together, we arrive at the stupendous sum of 6000 million doilars or 1200 million of pounds sterling! When the war was brought to so unex- pected a conclusion in April, 1865, the North was as much surprised as it was delighted ; yet it Jaboured Guder the fear thas if the Union was to be restored in fact as well as in theory, and more especially if the Southern States were to be treated as Mr. Johnson and others declared they ought to be treated —viz: as if they had never been out of tie Union—and if in consequence they were to be allowed tosend representatives and senators to Congress as freely as if the war had not occurred, the Southern representatives, acting in accord and perfect amity with the North. ero Democratic party, strong everywhere ex- cept in New England, and not utterly power- aan { No. 43 the majority. are all-power- the nation. But these are not These are not the people who ful to elect members to Congress, or whose opinions shape the policy of the Union. They are not the people to whom a valgar press appeals for support and popularity. They are not even the people on whom the /barthen of taxation falls with the severest | weight, and who would doubtless bear the load were it doubled or trebled in oppres- | siveness, gather than sanction any resort to an act of national bankruptey. Herein lies |the greatest future danger of the Uaion. The reaction azainst the financial exceases of _the war has but just begun. The tide of facti- | tious prosperity, after it ceased to flow, re- ,mained for a little while quiescent at its | fullest height, and then began to ebb. The | ebb continues, and is exposing evils, and lay- _ing bare ghastly sights upon the shore, which | few imagined, and which still fewer care to /behold. The working classes are suff+ring and discontented, and every man has a vote. _ If these classes ones become thoroughly im- hued with an? reconciled to tha idea of ra- | pudiation—if they teach themselves or are |taught by others that it will be bett-r to /make aclean sweep of all past liabilities, and start afresh—and if the wire-pullers and organizers of party, and the people who | hunger and thirst for office, and the emola- ments and distinctions which accompany it, make this an election cry andthe maio plank the learned judge mentioned at the opening though he spoke in jest, did /not utter as much truth and wisdom as if he had spoken in earnest ? Per contra, it is possible that the United States will pay their “liabilities,” even though one-half of the debt be a swindle,. and though but one-half the country is left unrained to undertake the burden. But leaving the Southern debt out of the question, and treating it as wholly repudiated, and out ef the domain of fact, it is dificalt —not- withstanding the immense and undeniable resources of a country that is yearly re- claiming thousands upon thousands of square miles of wilderness, and taking from Europe an emigration of the youngest, strongest, and most adventurous of the European people, every man of whom, land- ed upon American soil, is calculated to be worth a thousand dollars to the community amongst whom he casts his lot—to believe that means can be found to provide for the annual interest accruing both at home and abroad, without a total revolation of American opinion and statesmanship on the philosophy of taxation, finance, and trade, accompanied by an equally therough revolu- tion in the morality of the tax-payers and tax-collectors, before it ean be possible for the Federal Government to make both ents meet. An income and property tax is the present main reliance of the Government. That impost, however severley it may press upon the earners of income and the owners of property, will be paid; for these, the in- dustrious and trading classes, earning more than 700 dollars per annum, are in a mi- nority, and must jo as the majority may be pleased to command. Bat with all their will, the earners of upwards of 700 dollars per annum and the owners of real estate, cannot provide means for the parment of even 80 little asa third of the public debt, and will not be able to contribate any such proportion to the necessities of the State, until the population amoants to three or four times its present numbers. Tho In- ternal Revenue ought to be a prolific source of wealth to the Federal Government, and might ba made so, if the people thought it a shame and a sin to cheat the State; and if the revenue officers were appointed for life, or during good behaviour, and were not nominated, as they are, according % the present system, for political services, for the most part corrapt, liable to removal at any time, and certain of removal four years after appointment, unless the re-election of an actual President in the meanwhile should renew their lease of their ill-paid offices, and leave them free to make their ** pile” — i.¢., their fortanes—by peculation and the receipt of bribes from evildoers. The whiskey question is one in point. A large revenue ought to be, ut is not, derived from this source, not because less whiskey is distilleti or drank than there was before the article was taxed, but because there is an organized system at which the excise officers shut their eyes, or wink, for @ consideration to defrand the Government. There remains only the Customs duties as a really prolific source of revenue. Were the Federal Go- vernment bold enough to reform this b of its fiscal dystem, to cease listening to the clamour of the native manufactures and coalowners for protection against Europe, and more especially against Great Britain; and were it to impose a reasonably low scale of duties upon iron and steel goods, upon textile fabrics, and all the ingenious art and manufactures of Europe, not for the sake of protection, but solely and wholly for revenue—there can be little duubt that the people cf a country naturally so rich as the United States, and with such expensive and luxurious tastes in the matter of per- sonal apparel and allornment, would provides its Government with a large portion of the means necessary to preserve its financial credit. But unluckily the public mind of America knows little of economic science. To the mass of Americans, well educated as they are supposed to be, Adam Smith and less even there, would endeavor to legalise the Southern debt, and make it binding upon the whole people as the debt of the North. It is impossible to say whether t \is fear were | } | his philosophy are as unfamiliar as the Koran. The people believe in what they call the American system, und they are robbed to their hearts’ content by the | <* shoddy aristocrats,” who manufacture bad cutlery, bad crockery, bad glass, bad cotton | goods, ‘tad silks, bad woullen cloths, bad |everything, and charge the full price of the _good European articles, duty paid in gold | included. well or ill founded, or whether the Southern Scates would not have divided among them- selves their war debt, according to population, and made ita State instead of a National responsibility. However this may be, the victorious Republican party, acting through Mr. Johnson, elected by them, but not their | man—and having few if any sentiments or. principles in common with them, except the | one great principle that the Union must be. preserved at any cost, at the cost even of | liberty and solvency — imposed upon the) prostrate South the condition, the sine qua, non, that it should, in its several States, | utterly r pudiate the Southern debt. Repu- diation was a word and an idea which it was in the highest dezree unwise and impolitic | to familiarise the mind of either the Northern or Southern people. The word should never have been uttered; much less should its acceptance as arule of conduct have been imposed at the people whonever dreamed of such dishonesty, and who would have been contented to pay } themselves, if time had been allowed, and fate in future years had beon propitious. What- ever comes of it, the North must bear the blame of the forcible application of the legal sponge to @ liability which one-half of the country then considered, and still considers, to be sacred. Unfortunately the idea of repudiation, like that of vice, of which the poet sings, is one which @ nation perhaps “ May first endure, then pity, then embrace ;”’ In 1860, before the election of Mr. Lincoln, and the ern press, it is one which 4 considerable section blowing of the first blast on the great war- of the Northern people do not regard with any trampet, the debt of Massachusetts was about particular horror. 12,000.000 dollars ; of Rhode ee of | 19 ewe Seep: opener ype ig ve il; of © ticut, 50.000 dollars; ed professio ' : vere e dtaeas Eht The have studied history, and generally the h ounted, at the end oatural aristocracy of the country, the edu-| debt of soe Bc6. to 55.000.000 dollars; cated and the refined, whether rich or in , Island, to 3.626.500 dollars ; humble circumstances, look upon any possible | efforts for the preservation of the oational credit. h iote, t, to 1,567,500 dollars; and of New repudiation of the debt as the grea @ hit * their effect guns ty Gittaiomaane. Woes Samgaion to 4,169 315 dollars, The differ-,sitle calauity and disgrace that would befall prjudiced, iguorant aud and if we may judge from the tone of the North- The wealthy trading and al classes, the members of the learn- test pos- j int of the bayonet upon a) their war debt, as a debt of honor due among. Perhaps a “ heayen-born financier’? may yet appear in America—perhaps if the great manceme he may be powerful enough to elbow his way tarough the dense obstructions that will be certain to impede his progress to the supreme place—perhaps the eorrupt knaves and schewing scoundrels raised into political importance and position by the operation of manhood suffrage will stand out of the way to let him pass—perhaps the light of his genios will irradiate the dark places of Congress and the local legislatures —perhaps experience and heavy suffering will prepare the people to receive him and listen to his teachings—perhaps he will have | courage to tell the whole trath—perhaps hie jtrath, if told, will convince the people to | whoun it is addressed—perhape the politicians of the South, accustomed to rule, and more ‘skilful in diplomatic and personal intrigue than the Northerners, will not for ma years to come be enabled to take that part in the Government to which their talente entitle them—sand, last possibility of all, thaps thie supposed and greatly te- be desired financier, who ebell have the knowledge and will to educe order out of chaos, may be as for, tunate as he ought to be. These per- hapses are perhaps a littl too numerous; but unless they ail happen te realize “8 and crime true in the person of one man, baving power and authority to do as he wills, it iv dif - ficult tosee how the American Union is to pay | ite debt if the present anti-Southern and vielent faction that paralyses the constitutional action of _ the President, eo ite a in = _—_ | Mr. M’Cullech, t presen | Treasury. knows his business; but there is not a people, high or low, to aecond hie enlightened i rless and few, and the low are er powertul; aud the most