Below is the OCR text representation for this newspapers page.

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.