Below is the OCR text representation for this newspapers page.

The Savannah Daily Herald. BY a. W. MASON AND CO. SAVANNAH. THURSDAY. MAY Is. 1966. Steamers Direct to New York.— We have to congratulate our readers, and felici tate ourselves, on the prompt establishment of a regular k fine of Steamers to New \ ork from this city, dirt*-/. This will save all the vexatious delays and botherations of trans shipping goods aod freight at Hiltou Head, and passeogers for Savannah will be no more compelled to leave at the Head their comfortable State Rooms and-Cabins, and go cm board a small, inconvenient craft, simply for the purpose of a five hours’ ride to Sa vannah. All the inevitable waste and dam age which is inseparable from a re-shlpment ot goods, however caretully performed, will be avoided, and passengers will lie spared the discomfort and the consequent ill humor which ever attend a hurried change ol quar ters. ' Aside irom the mere questions of comfort and ease, the actual saving in money will be much. Communication with New York and he North generally, will be nrit only speedi er, but much more certain and satisfactory. Two, the advance of the new line ol steamers, have already reached here, the America, Capt. Clift, and the Chase, Capt. Rodgers. Another probably left New York on the 14tb, and still another will start for thl9 port on the 20th, or 22d. It is intended to run the boats 90 that we shall have here a Northern steamer once in 10 days, though, as soon as the business increase will warrant it, the efficient and gentlemanly Agent, Mr. Lewis L. Jones, promises us a boat every week, or even oftener, if we can fill them with freight and passengers. • Truly .Peace beglus already so shed her blessings'upon us. - Fese Stock of Druos, Ere — A. reference to oar advertising columns will inform our readers that tbeir former friends, Messrs. A. A. Solomons & Cos., liave ju9t received by the steamer America, a varied and extensive assortment of Drugs, Medicines, Perfumery, and all articles especially belonging to that branch of trade. These gentlemen have been many years in business in Savannah, and have now an excellent reputation for fair and liberal dealing. They have ever kept on hand a large stock of goods, probably one of the largest in the city, and are in the habit of doing an extensive wholesale as well as retail trade. Though the war has for some time exercised its depressing influence on their business, they have sent North for a fall and complete stock of all materials which-are usually dealt in by druggists.— Xheirjeooris have,arrived, and are now offer ed to the people at me lowest market prices, at their old stand, in Market Square. # " —i Pioneer Line of New York and Savan nah Screw Stkamshifs.— The pioneer steam ship . Chase, Capt. M. L. Rodgers, 74 hours from New York, arrived at the wharf in this city yesterday, having her cabin filled with passengers and with a heavy freight list. 'Hie Chase has excellent passenger accom modations for the trade between New York and Savannah. Her officers and the New York Agent, Mr. Lewis Jones, are deter mined by their attention to the travelling public and . the mercantile community to make their new line a success. We give the following as the dimensions of the Chase. Trinage 547 ; built at Nor wich Conn., by Thomas T. Wetmore; is one year old, two decks, two masts, foremast sehooner rigged ; length 14G feet, breadth of beam 27 feet; depth of hold 17 feet; cyl inder 16 by 30 inches, length of boiler 20 leet, diameter 0 feet, screw 10 by 14*i-2 teej. - f \ The following is a list of officers ; Capt. M. L. Rogers. Mate, Stephen Herrengton. , Second Mate, YVm. Lyman. Chief Engineer, Opson L. Geer, first Assistant Engineer, Wm. Stanton. Second Assistant Engineer, Jacob Almy The sister ship of the Chase, the Catharine Whitney, will sail from New York on the 24th in it. Another Screw Steamship Link xo plt Bbtwee* New York and Savannah.— The U. S. Mail Steamship America, Capt. Clift one of anew line of screw steamers intended for the freight an 1 passm S er ti*K arrived in our harbor yesterday forenoon from New York, in serehty-four hours. The America had a large mail, a large number of passengers, and a very good freight list. Messrs. Brigham, Baldwin & Cos., mer chants of this city, and for years known as the Agents of the Cowell screw steamship lines, plying between New Yoik and Savan nah, and Baltimore and Savannah, are the Agents. Them past business experience in this city, Is a sufficient guarantee that their new lin* will not be less popular than “ and Savanna h screw steam- I’? 1 R C Nootgomery Md uIZ- ™ °- C1,,,,™™,. t . |j —The numerous friends of this old J-. 7 Captain of Company E, 22nd Georgia BattS’ fouof Ariiliery, will regret decease about two weeks since, of dromv at Greenville, North Carolina. ' sey leaves a wife and a little daughter to mourn his loss. For several years the de ceased was Harbor Master of this port REDUCTION OK THE CURRENCY. The papers have intimated that Mr. Mc- Culloch is opposed to too rapid a reduction ot the currency. For this he has been cen sured, it appears to us, iguorantly. It is im- him to check or arrest such re duction. There are two ways in which the currency is now being rapidly curtailed. The diminution of the war expenditure. 2. The conversion of the floating into a funded debt. No odc will pretend to say that it m not highly desirable and necessary to lessen the public expenditure—in other words to bring our expenses down as nearly as possible to a Peace establishment. If instead of spending two millions per day, the government can re duce the expenditure to one million per day, a reduction, it is said, that will soon take place, it will either lessen taxation to that amount, or 9ave the necessity of issuing as large a sum in greenbacks, as has been im posed by the necessities of the war. Again, from the abundance of money, the high credit of the government, aud their con stituting a profitable investment, there is an active demaud for every species.of public se curities, at a premium. Could the Secretary of the Treasury arrest this demand if it were even advisable to do so ? Could he place a maximum on the price of the seven-thirties or auy other des cription of the public securities ? If they were to fall to par it would be competent for him to say, (if he lias been so authorized by Congress) that they should not be so!d under their par, value; so that here as well as regards the public expenditure, there is no power to check or arrest the reduction of the currency. In the ratio as the public expenditure is lessened unless reduction takes place in taxation, and the conversion of the floating into funded debt, must be the dim inution in the volume of the circulating me dium. A rapid reduction in the currency would, no doubt, be attended by a correspondent re duction of prices. Money would become extremely scarce, The people would find a compensation for the great scarcity of money in the reduced cost of living. Much pecu niary distress would follow as in all transi tions from a redundint currency to one im proved in value. I stagnation in trade, and a limited demand for labour are among the accomfSnimeuts of this state of things. It may be said of what avail would it be to the labourer, were com 50 cent 9 per bush el, and beef 10 ceufc per pound, if be could uot obtain the monfy with which to pur chase s he necessarps of life. The capitalist would be unable t <l employ the labourer be cause he can make no profits. Until the avenues of trade are fpopeued this stagna tion must continue wuse than during the war when prices were higher, but money was more abundant. The transition from i rar to peace is inva riably attended with wre distress than the transition from peace o war/ ’ In the transition 4om peace to war large public expenditure crates a factitious de mand tor many article of manufacture, and even of rude produci for tile supply of the armies. Prices advanci of many commodities, and, although the svag.‘s of labor do not rise so rapidly, if in tie same proportion, as the price ot commadiies, the remuneration for labour is.better tUn with a fall of prices, on the return of pe»«, amidst a general stag nation of business. While employment will have been lessened,‘he pressure for employ ment will have incresed. The large foreign emigration this Sprier will have augmented that pressure. The-evival of business with a better demand foi labor must be gradual. But this cannot happen before there is a re turn to specie paynents aud the level of prices is restored. 1, * * THE C»U RTS. SECOND PRO l ST COURT. The following cases were disposed of by Judge Benedict. Special Police vs. Thos. Houlihan and Mary Auglin. Using abisive language to a U. 8: Policeman, in the discharge of his duty. Ordered that the case te dismissed. Rosanna Maguire vs, John Fitzpatrick, As sault and Battery. Ontoed that the accused be placed in coufiaemout thirty days. Mrs. Mina Bery vs. Jeremiah Kelly, (col ored) recovery of rent. Ordered that the de fendant in this case U consequence of not obeying the summons issued from this court, is hereby ordered to vacate the premises now occupied by defendant, the property of plain tiff forthwith. Jacob Gell vs. JobnC. Miller, claim for re covery of colt, the alleged property of plain tiff, held under advertisment. David B. Gould vs. Jeremiah Kelly, (col ored) claim for reccvery of wagon, the al '•:ed property of plaintiff. Ordered that the wagon be turned over to plaintiff, the proper - ■ " • Special Police vs. Caesar Michael. Charg ed with stealing a horse, the property of John L. Dukes. Ordered that the horse be turned over to its proper owner. Permission is hereltf panted to James Snowrlen and Cornelia Phillips, both of this city, to enter into the bonds of matrimony, according to the laws made and provided in such cases. : < Permission is granted 8. Webb to collect all legal rents due on his property in this city - ■ - - Trunk Lost —The gentleman who took the wrong trunk, by mistake, from the steamer Chase, yesterday, is referred to the notice In another column. A CARD. At a meeting of the passengers held on board the steamship Chase, of the Pioneer Line, at sea, Saturday, May IC, 1865, it was unanimously resolved, First : That our thanks are due to Divine Providence for His kind and protecting care over us. Reeolvod, -That as this is the first Steamship to renew commercial intercourse with the City of Savannah, under the proclamation of President Johnson, Reeolved, That we, the undesigned, con-' sider our thanks due to the enterprise of the efficient and energetic agent Lewis L. Jones, Esq., of New York, for establishing this line, and to his untiring zeal In promoting the comfort and happiness of the passengers on this, the first trip of the Pioneer steamer; also, Resolved, That to Captain Martin L. Rodgers, his officers and crew, for their untir ing and ceaseless efforts for the promotion and welfare of those under their care, they deserve and have even our sincere and heart felt thanks. Resolved, That we would recommend to the travelling public and shippers between the ports of New York and Savannah, that while such a class of vessels as the Chase is on the Pioneer Line, they deserve their liberal patronage and support. Joseph Lippman, David Langedorf, T. H Good, Ezra F. Rogers, Israel R. Sealy, Samuel P. Rogers, Martin Duggan, L Oldman, S. Page Etimands, F. S. Hevaly, E. D. Smythe, B. Strauss, James Skehan, C. W. Thompson, Samuel BlaisdeJ, M. McDermott Philip Walter, L. Harrie, Joseph Mayer, Joseph Coutby, C. H. Bateson, John Byrner, Geo. O. Marcy, Arch’d McAllister, R. H. Foster, B. Kobn, R. O. Moses, , F. C. Foster, S. B. Regan, O. C. Van Auken, D. Watfson, A. H. Powell, S. Keiser, - " ASIUSEMETNS. Savannah Theatre.— The sterling old com edy, Paul Pry. with Mr. Herndon as Paul Pry, was produced last evening. Mr. Hern don’s Paul Pry i» always au attraction, and drew a good honse last night. This gen tleman takes a benefit on Saturday evening next, when three capital pieces will be pre sented, and a fine opportunity offered to wit ness the eccentric, comic impersonations of Mr. Herndon. We hope to see a full house, to reward the praiseworthy efforts of this ex cellent eomedian duriug the past seasou. The Queen Sisters —We are confident the Savannah public drill not forget the perform ance of this popular family at the Theatre this evening, and will scarcely care to neg lect the opportunity to testify their kind re membrance of their former favorites by crowding the house. This excellent company is too well known in this city to netd any re commendation from U 9. Two pleasing pieces and a number of flue songs are offered for this evening’s entertainment, aud their reap pearance on the scene of their former triumphs, can scarcely fail to be welcomed by a large and delighted audience. PLETHORA OP MONEY. There has never has been a period m Fi nancial annals in which money was more abundant than at present in certain parl9 of tbe United States and in England, if not in Europe generally. Money is so cheap and abundant at the North that there is an eager desire to make investments in United States securities, whiph bring a high premium. The sums subscribed are almost fabulous. Upwards of forty millions were subscribed for in oue day last week, according to the return made by the subscription agent, Jay Cooke, at Philadelphia, while the weekly av erage has reached $11,000,000. But not only does thi9 surplus of money exist at the North—it prevails also in Eng land. The rate of interest has fallen there to 3 1-2 per cent., with a very limited demand, and investments to a large extent are made in consols, which bear an interest of only three per cent. But there is this remarkable anomaly in the money market, that while money is so excessively abundant at the North, it is no less scarce at the South. The want of a circulating medium is felt throughout the South in all the departments of business. The banks can no longer furnish a circulat ing medium but to a limited extent, liaviog all their active means withdrawn or locked up by the events of the war. Efforts are making by the Georgia Railroads, by receiv ing m payment of fares, the notes of the solvent banks, to remedy this state of thing3. This immunity, however, of the North, from •he effects of a scarcity of money, cannot be long enjoyed. The circulating medium there is undergoing rapid depletion. In the ratio that the government expenses are di minished will the plethora of money disap pear there. Sale or Steamer Gen. Lee.—lt will le seen by a reference to our advertising columns that the steamer Gen. Lee, which now lies sank in the river about two miles above the city, is offered for sale by Lt. D. K. Kuowl ton, A. Q. M. It not disposed of by private sale before the 23d inst., she is to be sold at public auction’to the highest bidder. lIIISIATURE ALMAKAc— THIS WEEK. 16 I M i S °t R . t,Cß ' S “ n Sets Moon Setsl 10 | a... I 6 1 ! 001 I Ili in o i 1? iw"! 6 0 U 1 11 43 12 ?t> IS Th i 4M p H 1 monl eve - *2 28d 4 SI |IS Vt ig Mi 8 , J 4i < , 066 . J 227 27 Important Order in Relation to the Seiz ure of Captured and Abandoned Property and the Regulation of Trade. INSTRUCTIONS TO THE TREASURY AGENT AT SAVANNAH. The following important document, issued yesterday in this city, by Hon. W. P. Mellen General Agent of the Treasury Department, has been transmitted to us for publication: . Savannah, Ga., May 16, 1865. lo Albert G. Browne, Esq. Supervising Special Agent,. Treasury Depart ment, Fifth Special Agencu ; 9* r : —To correct misunderstanding and to secure uniform action by Ageuts of tlie Trea sury Department in collection of captured aod abandoned property, all ageuts will be required to observe the following directions. No property owued by individuals and now in their possession will be treated as cap tured, except such as has been taken by the National forces from hostile possession, and has been or shall be turnea over to agents of the Treasury Department under military orders. No property will be treated as abandoned except such as has been or shall be found ac tually deserted and out of tbe custody of the lawful owners or their agents, and no house hold goods,appurtenances, or furniture will be toughed by agents of the Treasury Depart ment under any circumstances, except for the purpose of keeping the same careftiliy stored subject to directions from the Secreta ry of tbe Treasury. Any property, which there is satisfactory reason to believe has belonged to the late so called Confederate Government will be treat ed as abandoned, when found by Agents of the Treasury Department, or will be treated as captured, wbeu taken and turned over under Military orders. No authority whatever can be given to purchase products in States heretofore declar ed id insurrection, except for account of the United States, uutil aftei the President shall declare that the insurrection lias been sup pressed, or shall otherwise make such pur chase lawful, or the Act of Congress, approv ed July 2, 1864, shall be changed. \ou will, by every proper means, encour age a return to industrial pursuits In your agency. 1 All products of free labor heretofore pro duced within the National lines, as then de signated, or hereafter produced in the States of Tennessee, Virginia, North Carolina, Geor gia, Florida, and so much of South Carolina, Alabama and Mississippi, as shall be declared within the lines of occupation by the Depart ment Commanders thereof, may be taken, or sent to market in the loyhl States by the pro ducers on their own account, without sale to tlie United Slates, or any charge except the internal revenue tax, and the intercourse fees prescribed by the Secretary of the Treasury. All products other than of free labor, pro duced in insurrectionaiy States, prior to the order of the Secretary ot War extending the lines of military occupation, dated April 17, 1865, may be sold to agents appointed by the Secretary of the Treasury to purchase for the United States. These agents will -be lo cated at all tbe Atlantic and Gulf ports im mediately, and will pav for such property three-fourths (3-4) of the New York market price. Arrangements will be immediately made in your agency for unrestricted trade in the sale of all supplies not contraband of war. All persons who take the oath of loyalty wilL.be pehnitted to bring such supplies iu any quantity desired by them, to all mili tary posts in vour agency, and there to sell the same to all loyal persons, in unrestricted amounts. The purpose of the Government is to es tablish in all districts where good order is maintained by the inhabitants, as nearly an unrestricted trade as possible under the pres ent law ; and you will be careful to see that the above directions are carried out in your agency, aud that all technicalities are avoided which are not absolutely required uuder the law. . I am your ob’t yerv’t, Wm. P. Mellen, General Agent Treasury Dept. Governor Vance of North Carolina.— lt is now known to be the settled policy of President Johnson to entirely ignore Gov ernor Vance and the rebel Legislature of that State. Q O l, U M BI X^ J^Baammm^ SSaieS MARINE INSURANCE COMPANY . OP NEW YORE. CASH CAPITAL $3,600,000. The undersigned are prepared to Insure under Open Policy from the above Company to the extent of SIOO,- 000 Jn property In any first class Steamer, and from $60,000 to $76,000 on any first class sailing vessel, on the most favorable New York terms For further particulars apply to CHARLES L. COLBY & CO, Jones Block, comer Bay and Abercom streets, may IS ts y' Savannah, Ga. JUS’T OPENED A LARGE AND KEWRT SELECTED STOCK OF FOREIGN AND DOMESTIC DRY GOODS, DRESS - • GOODS, FANCY GOODS, NOTIONS, &o. The attention of the public Is invited to our frbak and fall first class assortment of p®.y Goods Just eceived from the New York markets, and now for sale at the Store NO. 11l CONGRESS STREET, (tbeamo&'s OUI STAND.} By PRESDEE & ORFF, maylß 3 111 Congress street, Savannah. QO-partnersuip, The undersigned have this day formed a co-partner ship under the firm name of Charles L. Coloy & Cos, Tor the transact ion of buMuem as Shipping, Commls sion and Forwarding Merchants. CHARLES L. COLfiY. ALEXANDER H. IIOLWAY, „ ». PAGE EDWARDS. Savannah. Ga., May Ifith, 1866. mayl7 ts gTAR LIXK. " for new York. The First Class Steamer AMERICA. Captain Clio wIU leave for the above port on SATURDAY , Inst. • For freight or passage, having splendid accent dation, apply to -_ mayl7 ts ’ BRIOHAM, BALDWIN A CO . pION E£ R LINE? ' -» F “* BSW *O*S OXBSCI. The that first claj STEAMSHIP OHASg Cavt.vw Roos&g, Will s&li for New York direct ON THURSDAY, MAY Sad maylß • PRESH ARRIVAL OF GOODa MESSRS. SKEHAN &CONYNGHAM.- AT 170 BEOCOUTOM BTBBBT, NEXT t>oo* TO IMMUWt, Have just received a fresh lot of Choice the New York Market, such as ALES, CHAMPAGNE WINE, sherry wine, CHAMPAGNE CIDER, FINE OLD BOURDON WHISKEY. FINE OLD RYE WHISKEY, SEGARS, fin. ALSO, * , A SUPERIOR ASSORTMENT OF GARDEN SEEDS, And a general variety of CHOICE GROCERIES. Such as is usually found in a first class Family Gro cery ’ may 18 ts PRESH DRUGS, ” " CHEMICALS, PERFUMERY, to. A. A. SOLOMONS & 00. Beg to Inform their customers and the public general, ly that they have just received per steamer America, A FULL ASSORTMENT OF GOODS IN their LINE. And with a thoroughly REPLENISHED STOOK, they are enabled to fill orders as faithfully r.g hereto fore. IUX7 RATE ABUANOEO to RSOSIVX tmi.m mnr Being compelled to adhere to the CASH ST STEM, Funds must tn all cases accompany the orders to in sure attention. ! AT THE OLD STAND. Market Square; may 18 lo Savannah, Ga. QUARLES L. COLBY & CO. SHIPPING. COMMISSION AND FORWARDING MERCHANTS. J024Z9 W.OCK, CO&fXB SAT 4KP ▲R2&COA2V SSSESTfIi SAVANNAH, QA. > DIBEBAL CASH ADVANCES Made on Consignments to the firm of Crar. L. Court, of New York, or to our friends in Boston. - * A. H. COLBY, Resident Partner. BErtßEtrose; Messrs. Dabney, Moroan A Cos., New York. Jamce Slade, Esq., New York. Hon. J Wiley Edwards, Boston. Gardner Colby, Esq., Boston. maylftrtf £MPOUNDED MULE. Orfwe or Street CoaaaasioNEß. > Savannah, Ga. * May 17,1806, J The owner of the following described animal will please call atthla<TOce,pro property,and pay charges, on or before the 28d Inst., or the same nil be sold to defray expenses, via : ° n^yYs Mare 8 U *’ to pnbUc Ponnd *“<* May 12th MAI)E FROM $3. " Agents wanted to sell the Likeness of the PresMwit Lincoln at Home; beautifully engraved and nriircd » F -Aassa?*sv gTEAMER “GEN. R. E. IDE” "" * ’ FOR BALE. t 0 Instructions of the General Command, the «eamer‘4eS: auL «t private sale for rtx davs from uil^n th , ee * p l raUo ” of whlch time, if not'sold, 11 will be put up at auction and sold to the highest bid ,, D. K. ENOWLTON. mavi7 Lieut. 175th N. Y. V., and A. q. M., mayi7 in charge of Marine Repair Shops., LOST. f Taken by mistake from the steamer Chaac, a Truck apparel. The gentlcAu having whercTbouUwi,h 3Dfer * &VOr by word of K * tt Jfc K.p. SMITH, Iw Broughton stre e*. J^OST. Q ea, J‘® r ü ßa? ' fr< ® the boat Davis, from «Piii ,St V^ S:lv 'i u,^!, ,’, CO,1 t a >n>ng ladles, wearli g ap re V. reward will be paid if necessary on leaving the above at the Pulaaki Home. (, maylT 8- ESTABLISHMENT. fm, _ . ESTABLISHED IN 1832. . nhscriber, grateful for past faAora,bega leave to state that he still continues to Dye WooleL Presses, Shawls, etc., black, in the best manner. a j l }, men's Garments cleaned and renovated, or dyed black, rs may be required, in the same superior style which has centrally so much pleased his patrons and friends for the past thirty years. ALEXANDER GALLQWAY. - April SmißW 85 Pr * 7 * Wtt ***’ *****< * k