New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-01-17
FROM PHHADELPHIA.


PHILADELPHIA, Jan. JIG, 1860.
rev solution of the causes which prevent the
great debating club at Washington from organizing
into House, viii be found in the fact that all the
sptagoDism which blocks the organization is in re-
atty the iDsidious beginning of that scheme OF Dis
union so repeatedly threatened by Southern ultras
IL would peem that under cover OF hostility TO Re
publican heresies they are seeking to break up the
Government by legislative disocation. Northern
Democracy is the supple tool for aiding in accom-
plishpg the treason. The DISCREPANCIES which seem
TO prevent an organization are mere shams, pur-
posely maintained for DsuDion objects. What q
weight of responsibility rests on the handful OF men
who unwittngly lend themselves 10 promote them,
By refusing to coalesce with the only real Union
party which now exists. We are here unanimous
hat Sherman must be adhered to, come what may.
Opposition to him because of his indorsing Helper
too shallow pretext to be seriously entertained.
Had he refrained from doing SO, some other caveat
equally ialacous would have been put in. The Dis
union conclusion being evidently ioregone one,
some pretext must be found. Anything would
serve The purpose, and Helper happened to turn up
first. We glory in the compact brotherhood dis
PLAYED by the Republicans i'll this struggle, and be-
ieye that as Sherman has stood the brunt OF the
battle, to him should be awarded the honon which
are always the share of the leader.
All the Catholic world of this vicinity has been
intensely excited by the sudden death of Bishop
NcumaDn the lying in state of the body, the hugh
mass and other ceremonies, and the rush and crowd
to view the corpse, the coffin and the funeral The
Bishop in the prime Of life, without any previous
illness fell while walking III the street, and was
taken I'd entirely dead. The heart h0d ceased to
beat-the whole machine bad suddenly stood still.
On The heels of this terrific event came another
quite as fearful, which overwhelmed with equal grief
another extensive circle in different denOmlna-
ton. DIR. Thomas H. Yardley physician at the
head of his profession, after spending the evening
with some medical friends, returned home at md
nipht and retired to bed in his usual robust health
Being shortly after called up TO unite in consultation
with brother practitioner, he rose to do so, and
though then complaining of feeling unweli, yet
dressed himself got into his carriage and drove on
In fifteen minutes he was driven back extremely ILL.,
stepped from the carriage into his own door, fell
instantly as he entered it, and in FIVE minutes ceased
TO live. Both these were cases of heart disease.
The funeral ofBishop Neumann was made the oc-
casion for al the display which the Catholic Church
layishes on the obsequies of her dgnltaries. The
BODY lay in state at St. Peters Church, exposed TO
public view, with all the insignia of church dignity
near il, and on every occasion when the people
admitted TO gaze on it, the crowd was tremendous
On Tuesday morning the closing ceremonies prepar-
atory to interment were cOrnmenccd-high mass
BY Bishop Wood funeral sermon in German, ah-
solution Of the body with holy water, incense, sing
ing apd prayer. Fifty priests then formed IN
procession, who. amid the slow chanting OF the
choir proceeded through the body of the church to
Nc chapel in the basement, where vault had been
prepared, bearing the body of the Bishop on their
shoulders in the center of the procession. These
funeral services occupied nearly three hours. Blsh
Op Neumann was by birth a Bohemian and enjoyed
the reputation of being highly educated and pious
man. He left will, in which he declares that he
is possessed Of no property whatever, and that he
makes il only to continue certain trusts committed
| TO his keeping.
The monetary yicisstudes of the last three years
have given birth to two enterprises here, as benz
fetal 10 the business community as they are novel
| in character One of them, the Warehousing Com
pany of Philadelphia occupies the hinge building on
Dock street. erected by the city for the inspection
of tobacco. Having ample capital they here re-
ceve on storage all descriptions Of merchandise,
whether in bond otherwise and issue certificates
of deposit, on surrenderng which the goods are re-
turned. The whole machinery of the COmpany's
operations is exceedingly simple, but, carried out
large scale, the benefit to those who use it is
very great. These certificates, moreover, assume
the character Of currency. They represent value
received, and the holder may use them for the pay
ment Of debts, or as an indorser with the money
lenders. Hitherto all this description of business
has been done by private capitalists. Now,
wealthy corporation succeeds to it. 1t cannot fail
to pay well.
The other is the Penn Warehouse Company,
with objects similar to the fret, but having its pow
ers more carefully elaborated 1t occupies a range
of Government stores on Penn street, formerly used
for bonding goods. The charter authorizes the
Company TO become insurers of all merchandise
deposited with them, that its receipts for goods
ore policies of insurance as well certificates of
deposit. Beside the warehouses mentioned, this
Company have extensive premises for the storage of
heavy articles not perishabe, such pig iron rails,
and castings, convenient TO the great avenues by
which they reach the city. The charter gives the
additional right TO make cash advances on deposits,
in lieu Of issuing certificates, the commission and
rate of interest being fixed by the charter.
Practically, these two institutions are great loan
companies doing on large scale business former
y carried on in a very imperfect way by individuals
There is wide scope in this manufacturing city for
their operations. They are already doing good SER
vice to variety of Dealers and will do yet more in
the future when they become better known and I'M |
derstoOd. Had they been in operation in the crisis
of 1851 vast sums of money would have been saved |
TO these merchants and manufacturers who were |
then driven to the wall first, and TO their only re-
sort afteruatd. the auctions. Those slaughter
houses for the maintenance of credit would have
been far less crowded with offerings at the altar Of
bills payable. Small dealers may now b. compare |
lively free from the despOtism of the banks aud the
sknning Of the auctions. Manufacturers may now |
take advantage of low market for raw mate |
rial, store it at moderate charges and withdraw it |
az they consume it, The producers Of heavy arti- |
cles, like iron, rais, Sc, have now the means of
carrying them long periods Of depression. |
These institutions have long been in operation |
throughout England. Every business man there |
understands them so well, that many single branches