Newspaper Page Text
The Savannah Daily Herald.
BT ft- W. MASON AND CO.
-a. i
' aAV’ANNAH, FRIDAY! APRIL V>, H*».
MJL—I—-U- '-I——'l-L ' ■ -!1
THE NORTHERN NEWS.
The Northern news, to-day, is of such
great Importance that we devote a large por
tion of our apace to it. The interesting offi
cial despatches from the only paper ol the
23d brought to Savannah, were issued from
our office in full, in au Extra, long before the
papers from the Arago had reached here.
Our large evening edition, containing a sum
mary of the news of the 23d, and an . unusu
ally large Extra Edition, with the full offi
cial news were exhausted before the New
York papers reached here. We bad the
news from Sherman some days since, but did
not deem it proper for publication until the
official despatches should come.
We give also further extracts from North
ern papers, containing interesting items, and
a despatch from our special New York cor
respondent, dated at 11:15 o’oclock on the
forenoon of the 23d.
ANOTHER ARRIVAL OF PAROLED
PRISONERS.
Their Thanks to the Oftloers
of the Elngflfther.
The U. S. Transport Kingfisher, Capt.
Oryias P. Rector, having on board over five
hundred officers and privates of the Army of
Northern Virginia, arrived yesterday.
On the passage from Fortress Monroe to
Savannah, Richard Cribb, of Company D,
10th Georgia Battalion died, and was buried
at sea.
The returned prisoners of war desire that
with Capt. Rector and his subordinate offi
cers, they shall not part without thanks. We
annex the following
CARD
On Board, tJ. S Transfobt Kingfisher, )
Off Savannah, April 27th, 1865. >
The undersigned, paroled prisoners of war
from the Army of Northern Virginia, and
the command of Gen. Robt. E. Lee, and pas
sengers on theU. 8. Transport Kingfisher
from Fortress Monroe to BaVannah, desire in
an appropriate manner to return their sin
cere thanks to Capt. Rector, his officers and
crew, for extreme kindness and uuceasing
attentions to make comfortable all his pas
sengers. To the colored stewardess of the
Kingfisher we return 9ur thanks for her
kindness to our sick; and her Samaritan
conduct will ever remain a bright oasis in our
past.
Signed.—W H Geddings, of Charleston,
South Carolina, Bnrgeon P A C 8 A, Capt W
S Bedon, Capt T E Nott, 18th South Caro
lina Regiment, Capt Childs, Capt L W
Dick, 23d South Carolina Regt, Capt W W
Keith, Major H E Young, A.A G, Dept of
Northern Virginia, Asst Surgeon M Q D
Dantyler, 10th Florida Regt, Capt J C A
Bell, 22d Ga Regt, Capt Thomas Gibson
48th Ga Regt, Lieut Thomas Johnson, 48th
Ga Regt, Lieut Thomas Dixon, 48th Georgia
Regt, Lieut Christian, 48th Georgia Regt,
Lieut Mcßea, 48th Georgia Regt, Capt J B
Winslett, 14th Ala Regt, Capt S Hodges,
14th Ala Regt, Lieut J Castleberry, 14th
Ala Regt, Lieut D B Griggs, Asst Surgeon
T E Nott, Asst Surgeon L W Dick, 23d South
Carolina Regiment.
THE COURTS.
FIKIT PROVOST COCBT.
James Robinson and Richard Weltfb, not
having the perfect knowledge that it is
wrong to commit ah assault and battery,
were introduced to Judge Parsons, who,
after hearing testimony, passed the following
order: That Robinson be sent to jail for
three weeks and be fined S2O, and Welsh be
sent to jail for three weeks.
BEOOND PHOVOST COCBT.
Yesterday Judge Walton disposed of the
following cases:
Provost Marshal vs. Matthew Mason,
chatged With beating his wife, case dismissed
with an injunction, of good behaviour in
future. \ *
Julius Shultz vs. John Lutham. Rent
Claim. Ordered that Defendant pay ten
dofiars on the 6th of May, on the 10th ten
dollars, and continue payments at intervals
until the whole debt is paid.
Mrs. Currell vs. Hannah, (colored,) charge ]
Assault and Battery, with intent to kill.
Ordered. That Defendant be Imprisoned for
one month.
Patrick Dillon, vs. Miss A. M. Pender, dis
puted possession of kitchen attached to
Plaintiff’s house. Ordered. That Patrick
Dillon be allowed to retain possession of the
kitchen, provided he pay twelve dollars per
month for the house, otherwise Miss Pender
keep the kitchen,and he pay his origiual rent.
Provost Marshal, vs. Rosa, (colored,)
charge, theft. Ordered. That Defendant
be imprisoned for three weeks.
Thomas Conway vs. Tim Dooley, claim of
a mare. Ordered that said mare be turned
• over to Plaintiff.
'
*, Mr*. Blondean vs. Hannah, (colored)
with Assault and Battery on the
child of Plaintiff. Ordered that the case be
dismissed.
Patrick Ryan has permission to take pos
session of his mule wherever found.
The tenants of the Estate of M. D. Me.'
party, will immediately settle np their rents.
W. Seigner will pay to James Heagnev, all
rents due from Jan. 19th to May Ist 1865.
Fishisq Excursion.— An account of an
Interesting fishing excursion yesterday is
r ewd«4 oat until sveninf. %
FLUCTUATIONS IN THE VALUE OF
GOLD.
NO. X.
The great range in the prices of gold dur
ing the war basTieen without parallel since
that metal has been used as a standard of
value. During the war of the Revolution
I the difference between paper money and the
precious metals manifested itself in the de
preciation of the former, and not the artificial
value of the latter. The stock jobbing prac
tices which have been systematized in our
day, affording so wide a scope to speculation,
did not then exist. Our ancestors in the
greater simplicity of their monetary system,
had not a gold market, giving the widest pos
sible range to fluctuations iu its value.
In the period of the French Revolution,
the same remark applies. The assignats
were of less relative value to gold than even
confederate money, but the devices of specu
lators by which fortunes are made or lost, by
dealing iu the article which has become the
standard, was as much unknown as it was
during our revolution.
Those were the most prominent departures
from the standard of which modern history
gives an account, when paper money became
the inevitable resort of revolutionary gov
ernments. The European Monarchies have,
to defray the expenses of war, frequently
issued paper money, but not to the same ex
tent, as during the American and French
revolutions. The periods that approach
the nearest to our own times, in the abuse
of paper credit, although only indirectly con
nected with the action of the government,
were, during the suspension of specie pay
ments by the bank of England, with the
government, in 1737, and the suspension in
1814 by the banks of the United States, to
enable the Government to carry on the war
with England. In both periods t perhaps, it
was a measure of necessity to defray the ex
penses of the war, from the impossibility of
providing the pecuniary resources in
time to meet those expenses from iutema
taxation.
The highest rate of depreciation that the
notes of the Bank of England underwent
during the suspension of 1797, was from
twentj'-five to thirty per cent, which was
about the rate of depreciation of the paper of
the banks in the United States during the
war of 1812. The price of gold is now at
New York 145. It has been as low aB 135, fcnd
as high as 287. It is impossible to say to what
extent this fluctuation is due to speculation.
The vicissitudes of the war afforded an un
bounded field to the speculator. With every
victory or defeat on the one or the other side
the price of gold advanced or receded. The
value did not depend on commercial causes
on scarcity and demand, but on the extent that
the Bulls and Bears could play on the hopes
and fears of those who could be operated on
through the desire for gain or the apprehen
sion of loss. The gold market was in con
sequence kept iu a state of constant agita
tion and excitement most favorable to the
operations of the speculator, aided a9 those
operations were by that abomiuable system of
stock gambling called time bargains
It would be instructive if by any mode the
fact could be ascertained, what would have
been the price of gold if left to the action of
those commercial circumstances merely, by
which its price, in common with the rate of
Foreign exchange, is influenced, instead of
by the devices of speculators, by which it is
artificially elevated or depressed. For ex
ample, In ordinary times gold never rises be
yond the rate of Foreign bills, adding the
expense of freight and insurance of specie;
for no one will pay a higher premium on Ex
change than that expense, when gold can be
remitted, and the premium saved, unless the
[ premium is nominal , or arises from the de
preciation of the cvrrency. In such case the
premium may reach any conceivable amount.
For a dsarer comprehension of this let us
explain, as briefly as possible, the principles
which regulate this matter.
Exchange is technically divided into the
real, the nominal and the computed. Exchange
is at par when the currency between two
I countries having commercial intercourse is
of equal value, and when their debts balance
their credits. What alters the level of value
between the currencies of countries is de
j basement of the coin or depreciation from
over issue of paper money. The Exchange
then becomes nominally unfavorable to the
country whose currency is debased or
depreciated. The circumstances that
usually produce an unfavorable real ex
change, or the indebtedness of countries, is
an excess of imports over exports; we say
mually, for one country may become Indebt
ed to another, its exports and imports being
in equilibrium, by loans.
These are the causes that govern the real
and nominal exchange of countries, the first
depending on commercial circumstances, the
last on the state of the currency. The computed
exchange is the sum or the difference between
the real and nominal exchange. For example,
should the real exchange be unfavorable to
the extent of 2 per cent., and the nominal
also unfavorable, from the debasement or de
preciation of the currency, 10 per cent., the
computed exchange would be 12 per cent,
against such country, such being the sum of
the two; but should the real exchange be 2
per cent, in its favor, and the nominal ex
change 10 per cent, against it, the computed
exchange would be 8 per cent, against it,
this be mg the difference between the real and
nominal exchange
* *** spplythes# principles. It would
be impracticable to ascertain what would
have been the price of gold in the present
circumstances of the country, owing to the
interruption of its foreign commerce, and the
absence of all regular rates of freight and
insurance in the transmission of specie, but
the disturbing influences, the effect of poli
tical and military events, afforded so wide a
scope to speculations in gold that all the or
dinary principles that regulate the demand
and supply of the gdld market, are confound
ed. Let us however, suppose that the pres
ent price of gold, 145, measures the extent of
tne depreciation of the United States cur
rency, all beyond being the effect of specu
lations; we should then have a te9t of that
depreciation, or what it would have
boen if the suspension of their payments had
been the effects of commercial circumstances
or the state of its imports r and exports—in
stead of the necessities of the government.
We have some other view3 in relation to
the wide fluctuations in the value of gold,
which, from the want of space, we must re
serve to a future opportunity.
War and its casualties—its interests and
its passions develope the lust of gain to an
immoderate degree. Extensive speculations
in the precious metals, as the material of
money, take place; but fortunately wars are
comparatively of short duration. Peace
with healing in her wings, rectifies all irregu
larities.
Such are the circumstances, it appears to
us, that cause those fluctuations in the value
of gold which have marked the present war,
and all wars in which there is from necessi
ty an abandonment, although temporarily, of
the standard of value.
As regards fluctuations in the value of the
precious metals that arise from undue in
crease or diminution, they are governed by
the ordinary laws of trade. ***
FURTHER NEWS FROM OUR FILES
OF NEW YORK PAPERS TO APRIL
•s3»
OBSEQUIES OF THE LATE PRKSIDNT.
The papers are largely filled with accounts
of the passage through the country of the
President’s remains. In every city and all
along the route the deepest sorrow was man
ifested. Bells were tolled, minute guns
fired, crape displayed, mottoes and appro
priate sentiments exhibited, funeral proces
sions with parades of military and
performance of dirges by the minds. Our
New York correspondent’s despatch shows
the nature of preparatious being made there,
and the extracts we have already published
indicate that in other places corresponding
demonstrations had been or were to be
made in other places.
THE ASSASStN BOOTH.
[From the Boston Advertiser, April 22.)
James L Chapman, son of Sheriff Chap
man, of Pittsfield, Mass., bears so strong a
resemblance to the assassin Booth, that he
was stopped three times while travelling on
Wednesday, and made to establish his iden
tity.
[From the Cincinnati Gasette, April 20.)
One of the most remarkable circumstances
connected with the assassination is that all the
private boxes in the theatre had been engag
ed by unknown parties on the morning of
Friday. They were unoccupied during the
night, so that when Booth jumped on the
stage after the commission of the act he did
not fear arrest from any parties who might
have occupied them. This is but another,
and one of the strongest evidences going to
show the premeditation of the murder. The
question uow arises, who rented the boxes,
and did it not naturally arouse suspicion on
the part of somebody connected with the
theatre, to know that all the bpxes were
rented and yet not 'occupied. Events will
soon determine these mysteries.
REPORTED REBEL SUCCESS IN ALABAMA.
St. Louis, April 2].—The Jackson, Miss.,
News, of the 9th iust., says :
General Wirst Adams, with about fifteen
hundred men,encountered the Federal forces
uuder General Crossom, twenty-five hundred
strong, at Pleasant Ridge, Alabama, and
whipped them badly, killing three hundred
and sixty, and wounding and capturing large
numbers, and taking all their artillery, wag
ons and pontoons. Adams lost about three
or four hundred.*,
More of our wounded from Mobile arrived
at New Orleans on the 16th.
Stocks and Gold in New York.
New York, April 22.— Gallaber’s Evening
Exchange, Gold 149 1-2; New York Central
96 34; Erie 78 3-8; Hudson 107 1-2 ; Read
ing 105 1-2; Michigan Southern 65 8-4; Michi
gan Central 114 7-8: Canton 84 1-2; Cumber
land 50, quiet, Silver 63 1-2; Mariposa 14 6-8.
Gold and stock steady on call. Sales of gold
after call at 149 3-8. No evening exchange
on Monday, but business will be "resumed on
Tuesday night.
On* Mr. Lincoln’* Latest Letter*.
Last week, Gen. Van Alen, of New York,
wrote to the President to ask him not to ex
pose his life unnecessarily, as he had done at
Richmond, and assuring him of the earnest
desire of all bis countrymen to close the war
he had so successfnlly conducted. After ac
knowledging the receipt of the letter, the
President replied, April 14tb, the day of his
death, and said :
“I intend to adopt the advice of my friends
and use due precaution. * * * I thank
you for the assurance vou . give me that I
shall be supported by conservative men like
yourself, in the efforts 1 may make to restore
the Union, so as to make it, to use your lan
guage, a Union of hearts and hands as well
as of States.
“Yours truly, A. Lincoln.
“To General Van Alen.” -
Returned to their Commands.—-Yester
day morning the Transport* Wilmington,
Capt. Wilson, bound for Morebead City, N.
C., carried three hundred and ninety-seven
convalescent troops, recruits, etc. These
troops are of the 20th, 14th, 16th and 17th
Army Corps. Capt. M. Veale, attached to
the staff of Brevet Major General John W
Geary, the old ftiend of Savannah, went In
charge of the Wilmington.
LATEST NORTHERN NEWS.
Summary up to the Sailing of
the Arago.
[DKPATCS TROM OCRSPCCfAI. IOSW TOBK CORRESPONDENT.)
New York, Sunday Morning,)
April 23, 11:15 o’clock. )
Hardly any business has been done during
the past week, public grief has overpowered
everything. The remains of the President
will reach this city to-morrow, will lay in
state to be viewed by a sorrowful public,
and on Tuesday will be escorted to the rail
way station by a procession of citizens num
bering certainly fifty thousand men on foot,
besides ten thousand military. It will be
the most grandly solemn funeral cortege
ever witnessed in this country, and will be
witnessed by half a million of people. The
city is being crammed by visitors.
The Charleston excursionists have arrived
safely.
The steamer Ashland, with troops, is re
ported ashore near Cape Hatteras. No par
ticulars have been received.
No trace, has yet been found of the mur
derers of the President. Two persons, be
lieved to be the conspirators, have been ar
rested in Washington.
Secretary Seward and his son Frederick
are iiAproving.
Andrew Johnson ha 9 been inaugurated
President, and Mr. Foster, President of the
Senate, Vice-President. The Present Cabi
net will remain intact.
A monument to the late President will be
erected in Union Square. The President will
be buried in Springfield, Illinois.
Delegations from every State have waited
on President Johnson to assure him of the
same support they accprded to President
Lincoln. In response he offers bis past pub
lic course as indicative of the line of his con
duct for the future. All persons convicted
of treason will meet the full vigor of the
law.
Mosby has surrendered.
Several bodies of rebel troops in the South
west have also surrendered.
Gen. Weitzel has been removed from the
command of Richmond. Col. Dent has been
appointed Military Governor of that city in
place ot Gen. Shepley.
Wednesday last was observed as a day of
public worship all over the country, while
the funeral rites were performed in presence
of National and State authorities over the
body of Abraham Lincoln in Washington.
Several copperhead pi esse* and disloyal
persons have been roughly handled in all
parts of the North by indignant Unionists,
owing to treasonable language.
This city is covered with mourning.
A. F. L.
The United States Transport Arago,
Capt. Henry A. Qadsden commanding—
from New York, at 12 M. Sunday, April 23d,
via Charleston Bar April 26—arrived at Hil
ton Head, at 7.30 P. M., April 27. On Mon
day 24th inst., at 11.30 P. M., exchanged
signals with steamship Fulton, bound North.
On Tuesday, 25th inst., at 12.80 P. M., pass
ed steam Propeller New Jersey, also bound
North.* We are indebted to Purser Fred.
W. Ely for the following list of passengers
per Arago:
Gen. Jeffreys, Simeon Draper, Lieut Col.
Ransom, Mrs E Reynolds, Mis 9 Reyn elds, Mrs
R S Clarke, Miss Clark and nurse, Surgeon
G S Burton, Mr F W Tryon. Mr C W
Smith, G A Hilton, Mr England, Mr Mc-
Arthur, Mr Dewer, Mrs E G Dudley, Mrs
St Court, W K Mayo, Mrs Col Nicholson aud
two children, Mr F F Hyatt Mrs M S Wil
liams, Mrs M A Redpath,Mrs M T B Thayer,
Miss E Truchelot, Mies M Everdvre, Mrs T
Epstein, Mrs A Stein, Mr and Mrs L M
Brown, Mr H Dewing, E Bates, C T Hoad
lev, D. Goodman, Middleton, Bayne, Wun
derlich, W Bartlett, M Herques, Captains
Benedict, Perrit’, Wilcox, Lamb, J M Thomp
son, J Young, T Anderson, Lieut Schellar,
Griffiths, E B Titus, T E Weber, Poindexter,
M T TrumboAr,A P M,U S N,W B Melleville.
U SN., C H Feruald, ÜBN, Surgeon G W
Marster, U SN, Mr C W Noyes, J Aitken.
Harrison, A Potter, J and M Laurence, U S
N, Hopkins, Capt Woodward, Mr Alexander,
Surgeon Brice, Fisher. Truchelot, Kidder,
Miss Reynolds, Coverdale, Clampffer, Bedee,
Thompson, Augerar, Boyd, Lawey, Tucker,
Brown, Dale, North, Owens, Christie, and 66
others in steerage.
Capture of Macon Confirmed*
a? Mr. Solomons, brother of Mr. A. A.
Solomons, Druggist of this city, just
arrived in our lines, direct from
Augusta, confirms the intelli
gence published a few days since of the fall
of Macon. The news had been received in
Augusta previous to Mr. Solomon’s depar
ture. Gen. Wilson, commanding the Union
forces, demanded the surrender, and Gen.
Howell Cobb, who was in command of the
Rebel forces, stated that he could make no
resistance.
Gen. Wilson marched in and took quiet
possession of the city, aud at once placed a
guard around all public and private proper
ty. The entire city is now being protected
by I, nion soldiers. There can be no doubt
about the correctness of this intelligence.—
Republican. ,
Mails for the North. —ln consequence
of a report that the Arago will leave Hilton
Head to-morrow, the mails to go by her will
close here at 10 o’clock this morning.—
Should, however, the Arago remain till
Monday, the mails will leave every day as
usual.
Correspondence- —Several letters from
Northern correspondents Ate crowded oat
this morning.
Letter from J. ft, Clark.
At a meeting of the members ofthethea
tricai profession in Philadelphia, on Fridat
called for the purpose of expressing their
loyalty to the Government and their abhor
rence of the assassination of the PreairW
the folio wiug letter was read from Mr Is
Clarke, the comedian. Mr. Clarke u *
brother-in-law of the wretch who has bv
his infamous crime, thrown the whole cou/
try into mourning : ~
Philadelphia, April 21, 1866.
To Lewis Baker, Esq. :
MyDear Bakeb: I beg that you will do
me the special favor to represent me at the
meeting of our profession to-day. The af
fliction under which I am suffering—worse
than death—prevents my personal atten
dance. Proclaim my entire concurrence
with any measure of sympathy
for the loss of our lamented President-loy
alty to our Government, or any other steps
the wisdom of the meeting may think proper
to take.
Yours, very truly, J. g. Clauks.
Government Works Burned.
St. Louis, April 22.— The extensive ma
chine shops of the United States Arsenal
three miles below this city, were burnt last
night. The loss is estimated at about 3175 -
000. * ”
miniature almanac—this week.
„ 8 s Su J\ SeUlMoon Seui High Water
*5 ?, •• • s *« 6 I 361 646
23 M ... 621 636 434 63S
26 Tu... 620 6ST set*. 7ls
9# W.. ft 19 ft 3T 8 1 si,
27 Th.. 613 633 9 7 9 »
29 4 8 616 ft 39 10 sft j 10 48
U. 3. SERVICE MAGAZINE.
JUST RECEIVED,
AND FOB SALS AS TM»
SAVANNAH HERALD BUILDING,
No. 11l Bn Stmt
AM©,—•
ALL THE NORTHERN DAILY AND WEEKLY
PAPERS, v
COMPLETE FILES OF THE N. Y. DAILIES,
Received oa the arrival ot every steamer from the
North.
HUtmil TMK
SAVANNAH HERALD BUILDING,
No. 11l Bat 8 1111 t,
MONTHLY
ma
li A Y ,
QODSY’3 LADIES BOOK
fOB
M A Y
*
OUR YOUNG FOLKS,
808
M A Y
For sale at No, 111 Bay street.
jgOARD.
Two gentlemen can obtain Board In a pleasant
part of the city by application at this office.
apSO 3
-
one Thosand barrels Rockland lime, landing from
schooner A- Richards. For sale by
B P- 8 3 H. BRIGHAM. _
jq* O W o“p en' ———
» E C K X T T'S
PHOTOGRAPHIC QALLSBI,
i '
North side of Bronghfon street, between Barnard
Whitaker streets,
SAVANNAH GA.
The undersigned la happy to announce that be the
above Gallery la NOW OPEN for the reception of
visitors. * •
Having engaged the services or Mr. E. H. Clapp,
Photographer, well and favorably know In several ot
the Northern cltlee, and having fitted op a
SUPERB OPERATING ROOM,
WITH BLUE LIGHT,
ON THE GROUND FLOOR
With the latest improvements In the Photographic
Art, he la prepared to take
SUPERIOR PICTURES,
AT REASONABLE PRICES.
Large Stersoecoplc and Card viewa of
PUBLIC BUILDINGS IN CHARLESTON AND
SAVANNAH.
FORT SUMTER,
FORT MOULTRIE.
And other places of internet, on exhibition and tot
sale.
View* of Building*, Mo capes, etc.,
taken to order.
Particular attention given to copying ptoWies of
deceased and absent friends.
*P*3C ts *“''**' ISAAC BECKETT.
