SAVANNAH DAILY HEKALD.
VOL. I—NO. 109.
The Savannah Daily Herald
(MORNING AND EVENING}
IS PUBLISHED BY
0. W. MASON A CO.,
At 111 Bay Strket, Savannah, Georgia,
Per Copy Five Cents.
Per Hundred *3 60.
Per Year *lO 00.
A nVEKTIS i no:'
Two Dollars per Square of Ten Lines for first In
sertion ; One Dollar for each subsequent one. Ad
vertisements ineertej} in the morning, will, if desired,
appear in the evening without extra charge.
In every style, neatly and promptly done.
QIIARLE9 L. COLBY & CO.
SHIPPING, COMMISSION AND FORWARDING
•HINES BLOCK, CORNER BAY ANI> ABERCORN STREETS,
LIBERAL CASH ADVANCES
Made on Consignments to the firm of Chas. L. Colby,
of New York, or to our friends in Boston.
A. H. HOLWAY, Resident Partner.
Messrs. Dabney, Morgan & Cos., New York.
Jariva Slade, Esq., New York.
Hon. .1 Wiley Edmands, Boston.
Gardner Colby, Esq., Boston. maylß—tf
PRACTICE 'OF LAW
at hts Office, 175 Bay Street.
may >2-3t JOHN M. GUERARD.
J I* THOMAS,
Has opened an INSURANCE, BROKERAGE and
General Agency Office at No. 117 Bay street, and will
attend to the purchase and sale of real estate, stocks
and bonds. inayll
ON NEW YORK.
FOR SALE BY
apOO ts * 93 Bay street.
STEELE & BURBANK,
Hilton Head, S. C.
Call the attention of Wholesale and Retail purchasers
to their superior stock of
MILITARY AND NAVAL CLOTHING
Watches, Clocks, Fancy Goods, Jewelry, and Plated
Ware,Swords, Sashes, Belts, Embroderies, Boots,Caps
Fi Glasses, Gauntlets Gloves. Ac., Ac., Ac.
The undersigned have this day formed a co-partner
ship under the firm name of Charles L. Colby A Cos,
for the transaction of business os Shippiug, Coramis
sion and Forwarding Merchants.
CHARLES L. COLBY,
ALEXANDER H. HOLWAY,
S. PAGE EDMANDS.
Savannah. Ga., May 16th, 1865. ts mayl7
Riddell a murdock,
WHOLESALE AND RETAIL DEALERS IN
SUTLERS’ AND NAVAL STOKES, DRY GOODS,
BOOTS AND SHOES, HATS AND CAPS,
Gentll.ven's Flemishing Goods, Ac.,
No. 5 Merchants’ Row, Hilton Head, S. C. ,
w. <l. RIDDELL, fjanlO — tf] H. J.MUEOOK.
KW. CAMPBELL. VETERINARY SURGEON
• having reopened his office and vard, on Wil
liam street, is now prepared to treat (on scientific
principles,} all diseases incident to Horses that are
susceptible of remedy. Charges moderate. Cures
warranted. Terms cash. fehl6 ts
BAKERY A CONFECTIONERY ESTABLISH
MENT AT BEAUFORT.
We respectfully call the attention of the public to
our Bakery A Confectionery Establishment in Sam.
A. Cooley’s Building at Beaufort, at which we are
prepared promptly to fill any orders wiiicb may be for
warded to ns. Special attention is paid to the man
ufacture of Ornamental Pieces, Fancy Coufectionery,
and Elegant Pastry, for holiday on' estival tables,
Feh. 3-ts McMANUS A MURRAY.
QOLUM BI A N
(MARINE} INSURANCE COMPANY
OF NEW YORK.
(.'ASH CAPITAL $3, SQgPOft.
The undersigned are prepared to Insure under Open
Policy from the above Company to the extent of SIOO,-
o<>o in property in any first class Steamer, and from
$50,000 to $75,000 on any first class sailing vessel, on
the most favorable New York terms.
For further particulars apply to
CHARLES L. COLBY & CO,
■Tones Block, corner Bay and Abercorn streets,
maylS ts Savannah, Ga.
POST QUARTERMASTER’S OFFICE,
Carerhal Railroad Bane,
Savannah, Ga., May, 15t,.1865.
In pursuance of orders, received at this office, all
n,lEen9 occupying buildings, whose owners are ab
* cnt "’‘thin the Rebel lines, or buildings, or other
property belonging to disloyal persons, will, nnless
ruch buildings have been previously assigned—rent
bee settle the rents for the same,due the Uni
ted States, at this office on or before the 10th of
A ffiilure to comply with the above will cause a
forfeiture or all claims to further occupation.
S. S. STARR,
mayl °«Pt- and A. Q. M., in charge of buildings.
CIDER FOR SALE,
1 ° fam >lies by the quart or gallon, at
O'MEARA Jt CO’S
mh24 ovcr Adam8 ’ Express Office. Bay street.
L C - NORVELL A CO.
CORNER BULL AND BAY STREETS,
ITAVR JSBT RECEIVED
THE LARGEST AND MOST COMPLETE STOCK
DRY GOODS, CLOTHING, BOOTS AND SHOES,
HATS AND CAPS.
EVSR OFFERED IN THIS MARKET,
Which will be sold
AT WHOLESALE AND RETAIL,
ITON THE MOST FAVORABLE TERMS.
Lawns, latest styles,
Bareges, all kinds,
Crape Maretz, all colors.
THIS DEPARTMENT IS COMPLETE IN ALL ITS DETAILS,
Ladies’ and Gents’ Black and Colored Kids, best make,
Lisle, all colors,
Silk, all colors,
Linen Cambric, Hemstitched,
Gents’ Printed Borders,
Ladies’ Black and White Silk,
Ladies' Black and White Cotton,
Misses’ Black and White Cotton,
Children’s Black and White Cotton,
Ladies’ and Misses’ Gauze Merino Vests,
Gents' Merino Vests.
UMBRELLAS AND PARASOLS.
Bonnet and Belt, all kinds.
White,Black and Coloied Straw and Braid Bonnets
Ladies' Misses’ and Children's Flats, in great va-
A full assortment of Gents’ aad Boys’ Hats.
FANS IN EVERY VARIETY.
LARUE AND WELL ASSORTED STOOL OF LADIES’
ANI) GENTS’ SHOES.
Linen and Cassimere Summer Snits,
A Full assortment of Military Dress and Fatigue
m«y2o L. C. NORVELL & CO.
A. A. SOLOMONS & CO.
Beg to inform their customers and the public general
ly that they havejust received per steamer America,
A FULL ASSORTMENT OF GOODS IN THEIR
And with a thoroughly REPLENISHED STOCK,
they are enabled to fill orders as faithfully as hereto
TIIEV HAVE ARRANGED TO RECEIVE 83FPLIICS WEEKLY.
Being compelled to adhere to ■jhe
Funds must in all cases accompany the orders to in
AT THE OLD STAND.
n™? l * 1° Savannah, Ga.
FOR WRAPPING PAPER,
For sale at the
SAVANNAH HERALD OFFIC
NO. 11l BAY STREET.
gTOVES 1 STOVES! 1 STOVES! I!
Large and small, for Restaurants and Families.
All kinds of HOLLOW WARE and Cooking Uten
sils, Planters* HOES, wholesale and retail, by
JAMES G. THOMPSON & CO*.,
apl f—m&th6 Beaufort. S. C.
NKVVN-D &ALEHH AND OTHERS DESIRING The
Savannah Daily Hxald at Wholsale are re
quested to send in their orders as early In advance aa
practicable. , W, MASON A Cd.
SAVANNAH, GA., TUESDAY, MAY 23, 1865.
RESUMPTION OF SPECIE PAYMENTS.
We have endeavored to show in what man
ner the fluctuations in the value of gold
produced by the scope they afford
ed tQ speculators, who working on the hopes
and fears of those disposed to gamble in tlds
mode, elevated or depressed the price of gold
as victory or the reverse attended the arms
of the contending parties ; but that things
having resumed their, natural state the price
of gold will in future be influenced by natu
ral and not by artificial causes—by commer
cial circumstances —by the demand as com
pared with the supply.
The question of the great excess or re
dundancy of our paper money admitted of
no denial. Its value was much below the
level of value of the currencies of other
countries. A considerable reduction of its
amount would restore that level. The price
of gold would bear its proper relation to the
substitute, paper money, which professes to
represent it. The Foreign Exchange would
exhibit the state of trade as influenced
solely by the exports and imports. The ex
pense offveight, insurance, commissions, &c.,
would form the limit to the premium on bills
in making remittances from tbe debtor to the
creditor country. Foreign commerce would
be restored to its normal condition, when
the state of the currency leaves no other
source of fluctuation in the rate of foreign
exchange than such as arises from the oscil
lations of trade.
The present state of the Foreign Exchange
exhibits an anomaly.. Sterling bills are
nearly at par which is a clear evidence, the
currency being depreciated, that the Foreign
Exchange is in reality in our favor, confirm
ing the view taken by Mr. Blodget, whose
pamphlet we recently .reviewed.
What quantity of paper money could be
absorbed in the exchanges of the country is
one of much importance, and a questiou of
difficult solution. It is impossible to arrive
at such a result unless by approximation.
A comparison between different periods of
history furnishes the only elements of such a
comparison. The latest* Treasury report we
have in relation to the circulation of all the
banks in tbe United States was made in 1855.
It was then $187,000,000. The increase was
about 30 per cent on the previous twenty
years. At that rate of increase the bank note
circulation of the United States at present
would not exceed $230,000,000. We have
seen no official statement of the present
amount of the paper currency in the United
States which must include, of course, the
amount issued by National Banks, as well as
by the government, iu the form of green
backs. We have seen the latter stated to be
six-hundred millions. We know not on
The notes of the National Banks must be
at least of equal amount. Some portion of
the government paper money must have
been absorbed by investments on the public
securities. It is said to be probable, if not
certain, that the whole of the two separate
loans authorized by Congress, (that of $4000,-
000,000, in February 18G4, and that of SGOOO,-
000,000 on the 3d of MarchJßGs,) has been
nearly absorbed by these investments.
When it is recollected that in 1855 less
than two hundred million sufficed for the
wants of the couutry, if even a wide mar
gin is allowed for the increased value and
quantity of our productions within the last
four years, as affirmed by Mr. Blodget, it
seems scarcely possible to imagine that the
resumption of specie payment can take place
in less than four years.
The Back of England continued in suspen
sion from 1797 to 1822, twenty-live years, and
resumed in not less than seven years alter
the general peace of 1815. The peace of 1783,
closed our revolutionary war, but a general
stagnation prevailed until the adoption of
the Constitution in 1789, a period of six years.
. The suspension of specie payments in 1813,
the currency being depreciated only 25 per
cent, did not witness general resumption un
til 1817, a period of four years.
Mr. Blodget's position was that the balance
of trade with Europe is in favour of the
United States, and has been so for a period
anterior to 18G0. He demonstrated it by
comparing the value and quantity of our
exports within the last four years with their
value in that year, showing a successive in
crease in both value and quantity, the average
increase, comparing the four last with 'the
four previous years, and making the average
increase 331-3 to 50 per cent, of which
average gold constituted $28,508,503. This
excess of exports over imports during a
period of war when the productive powers
of all countries are checked, is contrary to
The faet of the foreign exchange being at
par or nearly so, while the currency is de
preciated seems to afford conclusive proof of
the truth of the conclusions at which Mr.
Blodget has arrived. The explanation of the
anomoly seems to be bere. The nominal
exchange, or that which arises from the state
of the currency is counteracted by the real
exchange, or that arising from the excess of
the exports over the imports. If the paper i
currency were of equal value with gold, the
foreign exchange would be greatly in our
favour, as it is in reality, the exports greatly
exceeding the imports.
This peculiarity has been exhibited more
than once in our history. In 1830-37 the
currency of the United States was greatly
depreciated, while there was an influx of
gold. This was so contrary to the laws of
trade as to have excited at the time, general
surprise. The explanation was to be sought
iu the fact, that the States being then exten
sive borrowers in Europe, for purposes of
banking and internal improvements, they had
large credits there and drew against those
credits, which was the same in effect as draw
ing against an actual balance. The number
offering bills in the market, greatly exceeded
the number purchasing bills. The price of
bills declined, and it became advantageous to
remit gold to the United States. The real
exchange was iu counteraction of the nomi
nal exchange, as at present. Tiie conclusions
at which we have arrived, are,
1, That the redundancy of the currency being
beyond denial, there are no means of arriving,
except by approximation, at the extent of the
excess, from the fact that the exports have in
creased most unexpectedly during the war.
A larger production demands a greater vol
ume of currency.
2, Tint this excess of exports Ifas led to
an anomalous state of the foreign exchange,
a favorable real exchange having counteract
ed an unfavorable nominal exchange, in oth
er words, the excess of exports over imports
has countervailed the influence of a deprecia
ted currency. ***
Speech of General Rosecrnns on the
Mexiean Emigration Scheme.
Major General Rosecrans visited the repre
sentatives’ Hall in the State House, Boston,
and at the Close ot the session made a speech
I perceived in largerietters in the news
papers to-day that General Rosecrans is
going to raise twenty-five thousand men to
go to Mexico. General Rosecrans is not
going to do any such thing. (Applause.)
General Rosecrans thinks that the soldiers
who have fought this great battle for freedom
have done it with more patriotic motives
than have ever been seen before—(applause)—
and I do not think that our young men, who
have distinguished themselves in the annals
of all time, will permit themselves to be mis
led, or should be misled from their high and
honorable course, into any buccaneering ex
pedition. (Loud applause.) The General
further said he hoped to see public opinion
directing our young men into the channels
of peaceful industry, in which he proposed
to set an example. I have taken occasion to
make these remarks because I saw, wheu in
Washington, men williug to start something
or other —men whose advancement hitherto
has not been sufficient to gratify their ambi
tion. But if you examine the names of those
mentioned in the advertisements you will
ffud they are third rate fellows, who are not
worth a snap, and that one common soldier
is worth a dozen of them. (Loud applause.)
At tha close of the speech three rousing
cheers were given tor Gen. Rosecrans, and
three for the Army of the Cumberland.
How the AssassAs Look. —Azrerott and
Payne seem the most unconcerned of the
prisoners. Atzerott advanced to the bar in
front of the raised seats, and leaning his el
bow on the rail, conversed at tenth with his
counsel, Mr. Win. E. Doster. Payne direct
ed a cool, impudent stare by turns upon
every person in the room. His bold eye,
prominent under jaw, and athelic figure,
gave all the marks of a bold, desperate vil
lain ; but not one capable of planning a deed
of cunning. When be in turn advanced to
the bar to couversc with his counsel he rest
ed his manacled wrists on the rail, and droop
ing over it in bTioyish style, his coal black
hair fell over his eyes in masses, adding to
the savage desperation of his look. He
scowled as he talked, and once or twice a
grim smile appeared about his mouth, but
seemed to find no lodgement about the fierce
eye. He seems to affect as rowdyish a dress
as possible, and to-day appeared in nothing
but a close-fitting, collarless, blue woolen
undershirt, pants of the satire color and mate
rial, stockings and shoes. On Saturday lie
wore a steel-mixed outer shirt, Or gray, with
collar, but—as on to-day—with no coat or
vest. As he sat with his head defiantly
thrown back against the wall, his tall form
towered preponderantly above those of his
fellow prisoners on the bench. In fact, the
others are qll small sized men. Atzerott is
the shortest of the lot. and has the meanest
face, but is thick set, and of a build around
about the shoulders denoting great physical
strength. He is dressed in a coarse suit of
mixed gray. O’Laughlin and Spangler ap
pear much depressed, and the former, espe
cially looks pale and haggard. The full
forehead and rather reflective cast of face of
Dr. Mudd seemed much out of place among
the low type of countenance of his fellows.
Harold looks dirty in face and dress, and
with hair apparently uncombed smee the
beginning of the trial, and is not at Jill pre
possessing.— Washington Star, May loth.
Billiards—The Match for the Cham
pionship —Last night at the Everett Rooms,
the proposed grand match for the champion
ship lor SI,OOO wa3 to take place. Louis
Fox of Rochester, and Dudley Kavauagh
were to be the contestants. Many of the
principle billiard players of the country were
present. Mr. Kavanagh did not appear, and
Mr Fox, with due propriety, claimed the
golden cue. When the claim was made there
was general applause. , .
It then appeared that a call was made for
a special meeting of the Billiard Congress this
morning at half-past eleven o'clock at Phelan
& Collender’s room.
Mr. Kavanagh’s excuse for not being pres
ent, was illness, but the question is to go
before the Congress.— N. Y. Ngwa. May 17m.
PRICE: 5 CENTS
THE ASSASSINATION —IMPORTANT
Miss Mary Hudspeth, a witness for tbe
prosecution, testified, that in the month of
November last, while riding in the cars of the
Third Avenue Railroad, New York city, two
men who were earnestly talking together
exchanged letters, and one ot them dropped
an envelope containing two letters which she
discovered after they had both left the car.
It has since been ascertained that these two
were a man named Johnson, and John
Wilkes Booth. The letters were produced
in court and are as follows. They show that
the casting of lots to decide who should be
the murderer of the President was done as
early as November last:
Dear Louis: —The time has at last come
that we have all so wished for, and upon
you everything depends. As it was decid
ed before you left, we were to cast lots.—
Aecordiugly we did so, and you are to be
the Charlotte Cord ay of the nineteenth cen
tury. When you remember the ' fearful,
solemn vow that was taken by us, you will
feel there is no drawback—Abe must die,
and now, you can choose your weapons.—
The cup, the knife, the bullet. The cup fail
ed us once, and might Johnson, who
will give this, has been like an enraged de
mon since the meeting, because it has not
fallen upon him to rid the world of the mon
ster. He says the blood of his gray-haired
father and Ins noble biother call upon him
for revenge, and revenge he will have ,• if ho
cannot wreak it upon the fountain head, he
will upon some ot the blood-thir3ty generals.
Butler would suit him. As our plans were
all concocted and well arranged, we separat
ed, and as lam writing—on my way to-De
troit—l will only say that all rests upon you.
You know where to find your friends. Yonr
disguises are so perfect and complete, that
without one knew your face, no police tele
graph despatch would catch you. The Eng
lish gentleman, Harcourt, must not act has
tily. Remember he has ten days. Strike
tor your home, strike for your country; bide
you time, but strike sure. Get introduced,
congratulate him, listen to bis stories; not
many more will the brute tell to earthly
friends. Do anything but fail aud meet us at
the appointed place within the fortnight. I
inclose this nrtte together with one of poor
Leenea. 1 will give the reason for this when
we meet. Return by Johnson. I wish I
could goto you, but duty calls me to the
West. You will probably near from me In
Washington. Sanders is doing us no good
in Canada. Believe me, your brother in
love. Charles Selby,
“St. Louis, October 21, 1864
Dearest Husband: —Why do you not
come home! You left me tor ten dayafonly,
and you now have been from home more
than two weeks In that long time only sent
me one short note —a few words—and a check
for money, which 1 did not require. What
has come over you? Have you forgotten
your wife and child? Baby calls for papa
uutil my heart aches. We are lonely with
out you. I have written to you again and
again, and as a last resource, yesterday wrote
to Charlie, begging him to see you and tell
you to come home. lam so ill, not able to
leave my room: if I was, I would go to you
wherever you were, if in this world. Mam
ma says I must not write any more as I am
too weak. Louis, darling, do not stay away
any longer from your heart-broken wife.
Q.—At what time in November did you
pick up this envelope and these letters! A.—
The day Gen. Butler left New York. I
cannot tell the precise date, but Gen. Scott
to Id me he had left that morning.
Q. —Was that alter the Presidential elec
tion in November? Yes. sir.
Q.—What did you do with those letters
after you examined them and found their
character ? A.—l took them first to Gen.
Scott, who asked me to read them to him.
He said he thought it was of great impor
tance, and asked me to take it to Gen. Dix;
I did so, and gave it to Gen. Dix.
The English Press on the Assassination.
The London correspondent of the N. Y. Tri
bune thus speaks of the past conduct of the
English papers and their altered tone since
the murder of President Lincoln ;
There is no getting over or ignoring the
fact that the blameless President was mur
dered in the supposed interest of, or sacri
ficed to the revenge of the South. And dis
avow it as they may, ring the changes of eh
logy on the man whom they so persistently
vilified while living, pile repentant wreaths
of immortelles upon his coffin, it shall not avail
them to escape some portion of the respon
“I do not envy,” said Mr. Taylor, M. P:
for Leicester, in his noble speech in St.
James’s Hall, last Monday, “the feelings of
those supporters of tlut portion of the British
press—or rather the .British Confederate
pres l *”—(which appellation elicited a roar of
approbation) “who for four long years have
heaped upon the head of Mr. Lincoln every
opprobrium and every calumnly that could be
leveled against the character of so great and
honest a man.
. I do not believe those writers and speakers
knew that their words were tending to the
bloody and sad result that has been achieved
but 1 do say that they did their utmost to ex
cite the passions of the slave-drivers of the
South.” And so it is generally felt. The
Times, The Post, 'fhe Telegraph, Punch—
almost the beastly old Standard—make haste
now to unsay, the past, with but cold con
sideration for the defeated South—the old
dragon who died so hard, and whose death
sting struck down our President. Accom
plices before the act, they turn their backs on
it and its abettors, and cannot sufficiently re-
The Portland Press says, “ Portland has
three pressing wants: additional houses to_
accommodate increased population ; a large
first class hotel to accommodate the great
number of strangers constantly in the city,
and a large and well appointed opera hou-e
for general amuse meat.” ■ i-