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SAVANNAH DAILY HERALD.
VOL. 1-NO. 122.
The Savannah Daily Herald
(MORNING AND EVENING)
IS PUBLISHED BY
S. W. MASON «fc CO.,
At 111 Bay Street, Savannah, Georgia.
mm:
Per Copy Five Cents.
Per Hundred $3 50
Per Year .*.. .$lO 00.
ADTIITIBIHS:
Two Dollars per Square of Ten Lines for first in
sertion ; One Dollar lor each subsequent one. Ad
vertisements inserted in the morning, will, if desired,
appear in the evening without extra charge.
JOB PRINTING,
In every style, neatly and promptly done.
ijjusitiess j^arbs.
y M. BRUCE.
’dealer exclusively in cotton.
—AND—
FOREIGN AND DOMESTIC EXCHANGE,
AUGUSTA, GA.
The undersigned has made every arrangement to
resume his commercial pursuits so soon as trade res
trictions are removed. I will be prepared to receive,
store, insure, compress, ship, «ell or purchnee Cotton,
aud make advances on shipments to any markets in
the United States or Europe.
I respectfully invite correspondence, samples and
shipments by both Planters aud Merchants, assuring
all that they can rely upon prompt responses and the
fullest information.
E. M. BRUCE.
I refer to Merchants generally throughout the U. S.
and to Members of Congress. ju3-I‘2t
Q.ADEN £ UNCKLES.
GENERAL PRODUCE AND COMMISSION MER
CHANTS, AND WHOLESALE DEALERS
—IN **
GROCERIES, PROVISIONS. Jt c, ,
CORNER OF BAY' AND BABNABD STREETS,
SAVANNAH, GA.
Highest market rates paid for Cotton, W 001, Hides
&c., and liberal cash advances made on shipments to
our New York house, jo3-lm
* MURDOCK,
AGENTS TOE ISEAEE B. SEALY’,
Wholesale Dealers in
ALES, WINES andIMPORTED LIQUORS,
Os all Kinds aud Qualities.
No. 5, MERCHANTS’ ROW,
Hu .TON Head, S. C
junel lmo
JMPORTED AND DOMESTIC - “
WINES AND LIQUORS,
AT WIIOLISUI, FOR FAMILY USE,
AT 201 BAY STREET.
ISRAEL R. SEALY & CO.
may24-tf
JCAVILLE dt LEACH,
BOOKSELLERS AND STATIONERS.
MERCHANTS’ ROW,,
HILTON HEAD, S. C.,
—AND — *
CORN Eli BRYAN STREET AND MARKET SQUARE,
SAVANNAH, GA.
maySQ ts
~jpMtWlN * HARDEE,
FACTORS AND COMMISSION MERCHANTS,
RAY ST BEET,
SAVANNAH, GEORGIA.
Robert Erwin, Cuas. SI Hardee,
may3l-eod‘2m
TTiones; :
SHIPPING AND COMMISSION MERCHANT,
So II Broadway , New York.
Liberal advances on Shipments to above Consign
ment, made by
HUNTER dr GAMMELL.
Agents Pioneer Line Steamships,
S4 Bay Street, Savannah.
Reference in New York—
Messrs. Spofford, Tii.eston & Cos.
may2G
QHARLES L. COLBY * CO.
SHIPPING, COMMISSION AND FORWARDING
MERCHANTS.
JONES BLOCK, CORNER BAY AND ABERCORN STREETS,
SAVANNAH, GA.
LIBERAL CASH ADVANCES
Made on Consignments to the firm of Cuas. L. Colby,
of New York, or to our friends in Boston.
A. H. HOLWAY, Resident Partner.
references;
Messrs. Dabney, Morgan & Cos., New York.
•Tarivs Slade, Esq., New York.
Hon. J Wiley Edmunds, Boston.
Gardner Colby, Ksq., Boston. maylo ts
D TJSKLK & BUHBANK,
O 11 Merchants’ Row,
Hilton Head, S. C.
Call the attention of Wholesale and Retail purchasers
to their superior stock of
MILITARY AND NAVAL CLOTHING
AND
FURNISHING GOODS,
Watches, Clocks, Fancy Goods, Jewelry, aud Plated
Wure, Swords, Sashes, Belts, Embroideries, Boots, Caps
Fi _ Glasses, Gauntlets Gloves. &c„ <fec., &c. _
PARTNERSHIP,
The undersigned have this day formed a co-partner
ship uuder the firm name of Charles L. Coley & Cos.,
for the transaction of business as Shipping, Comrnis
siou and Forwarding Merchants.
CHARLES L. COLBY,
ALEXANDER H. HOLWAY,
STAGE EDMANDS.
Snvnnnnh. Ga., May ltith, 1805, ts mayll
Bakery * confectionery establish
ment AT BEAUFORT.
We respectfully call the attention of the public to
our Bakery <ft Confectionery Establishment In Sam.
A. Cooley’s Building at Beanfurt, at which we are
prepared promptly to fill any orders which may be for
warded to ns. Special attention is paid to the man
ufacture of Ornamental Pieces, Fancy Confectionery,
and Elegant Pastry, for holiday ors estival tables,
Feb. ;i-tf McMANUS A MURRAY.
YORK HERALD CORRESPONDENT.
j °® ce °f the New York Herald Correspondent
111 BAY STREET,
UPSTAIRS.
mar 22 ts
SAVANNAH, GA., THURSDAY, JUNE 8, 1865.
Restaurants, |et
E S TiTl TTvE "
AT
THE ‘‘OFFICE,’’
No. IX Merchant’s Row,
PORT ROYAL, S. C.
I do not advertise my Bill of Fare because it is alter
ed every day aud a rrinted Bill of Fare is put on each
table every morning.
THERE IS WHERE THE LAUGH COMES IN.
My Ice Houses are now filled with Turkeys, Chick
ons, Beef. Pork, Fish, Mutton, Pork Sausages, Vege
tables, and Salads of all descriptions.
THERE IS WHERE THE LAUGH COMES IN,
I have now on hand about'twelve hundred p ounds
oflce, so that I can make Ice Cream EVERY DAY
and keep my Soda Water and Beer cool.
ice water for everybody.
THERE IS WHERE THE LAUGH COMES IN.
LI have three Punkahs and several girls with fans to
Keep the flies from the ladies and gentlemen while
eating their cleanly served up meals.
THERE IS WHERE THE LAUGH COMES IN.
My Cooks, Waiters, <fcc., are all clean. My Saloon
has been newly papered, painted, whitewashed, &c.
THERE IS WHERE THE LAUGH COMES IN.
There is ro man in Port Royal that can serve
up Clams in every style better than Mr. Fitzgerald, at
the Eagle Saloon, in the rear of the Post Office,
THERE IS WHERE THE LAUGH COMES IN.
There are many men in New York who go to Water
street, where they can get their whiskey for three cents
per glass. But you will find that GENTLLEMEN will
go where thoy get the best articles regardless of ex
pense.
AND THAT IS WHERE THE LAUGH COMES IN.
HONEY IS UP AND SUGAR IS DOWN.
BENJAMIN HONEY,
Proprietor
QLAMS! CLAMS 1 CLAMS!
IN TUB SHELL OB SHELLED OUT,
With other Refreshments, at the oldest and best stand
ON HILTON HEAD ISLAND,
For a va.iety of something Good to Eat at all times, at
THE EAGLE SALOON,
In rear oi the Post Office, Port Royal, S. C.
PETER FITZGERALD respectfully informs his old
friends, and the public in general, that since Oysters
are out of season for a time., his Daily Patrons can find
a good substitute in CLAMS, cooked to order, in every
style, at the shortest notice. He has also a constant
supply of
FRESH MEATS, POULTRY, FISH & VEGETABLES,
From the North and other places in this vicinity.
Meals cooked to order at any hour during the day.
Our motto is to “Live well.”
PETER FITZGERALD, Proprietor.
may 23 ts
erics.
M. SCARBROUGH & CO.,
GROCERY AND COMMISSION MERCHANTS,
110 Congress and 5T St. Juliann Streets,
SAVANIXAH, GEORGIA.,
Offer for sale,
AT WHOLESALE AND RETAIL,
A LARGE STOCK of GROCERIES and PROVISIONS,
Consisting of
TEAS and SUGARS, best brands; COFFEE; CAN
DLES, SOAP, FLOUR, HAMS, BACON, (Shoulder
and Clear Sides); LEAF LARD, CORN MEAL,
CAN PEACHES, PIE FRUITS and PRE
SERVES, PEPPER, SPICE, GINGER,
<fce., <fec., &e„
All o( which they are selling at reduced prices. Give
them a call before purchasing elsewhere.
jeC ' 1 mo
JJILTON & RANDELL,
WHOLESALE GROCERS,
193 BAY STREET, NEAR BARNARD
SAVANNAH, GEORGIA.
Will be in constant receipt per Steamers from New
York, of an extensive and complete assortment of
Goods consisting, in part, of
SUGARS, SYRUP, ' MOLASSES,
FLOUR, TEAS, COFFEE,
BUTTER, CHEESE, LARD,
SOAPS, STARCH, CANDLES.
WINES, ALE 1 CIDER,
ETC., ETC., ETC.
To which they call the attention of the Trade.
may23-4w •
JUST received! *
PER STEAMER CATHARINE WIUTING,
500 BBLS. EXTRA FAMILY FLOUR, R. H.
For sale at low rates, by
GADEN & UNCKLES,
ju3-l w Corner Bay and Barnard streets.
gACON.
FOUR HIIDS. BALTIMORE BACON,
For sale by
BRIGHAM. BALDWIN & CO.
tf
Ijiutlls,
pORT ROYAL HOUSE,
HILTON HEAD, S. C.
RIDDELL & RUGG, Proprietors.
E. S. RIDDELL, M. f. RUGG.
jU3-tf
p U LA S K I H O U 8K ,
SAVANNAH, GA.
BARTELS & RIDDELL, Proprietors.
J. 0. BARTELS. E- 8- RIDDELL.
[U3-*f *
A LECTURE ON THE REGULATION
OF THE CURRENCY.
By T. F. McGrkw, of Springfield, Ohio.
[Published in the May number of the Bank
ers' Magazine.]
NUMBER 11.
We continue out remarks on this able lec
ture. The lecturer says: “Having present
ed the theory iu reference to the supposed in
fluence of the currency upon prices, and the
reasons for the comdemnation of bills of cred
it, it will be proper to state, that for the reg
ulation of the currency, three theories have
been presented for the consideration of those,
w’hose duty, it would seem to understand
them, for the purpose of guarding against
what is called a crisis.
Ist. A convertible bank note currency,
maintained at the par value of the precious
metals, and fluctuating with the amoiint-ot
it, that is there will be in circulation, one pa
per dollar for a gold' or silver dollar displaced
by it, and for which the paper can be imme
diately exchanged. 2nd. The bank notes, so
long as their convertibility is maintained, pos
sess no power at all in raising prices, and
that banks cannot increase their circulation,
except as a consequence of, and in proportion
to, an increase of business done. 3d. That
hank notes do exercise a power in raising pri
ces, and ought for that reason to be main
tained at the value of the pricious metalsj
but ought not to be made equal iu amount
with them.”
The lecturer offers iu illustration of the
first of these theories the Bank of Euglaud,
as originally chartered and as amended in
1844, as illustrating the principle of this
theory. The amendment of the charter, it is
well known, divided the bank into two de
partments —the Banking and the Issuing de
partment, The bank was bound to transfer
to the Issuing department securities to the
value of fourteen millions, the debt due by
the government to the bank, it being made
incumbent on the banking department to
transfer to the issuing department gold-coin
gold and silver bullion not required, and the
issuing department was hound to deliver to
the banking department such an amount of
notes as with those in circulation should
equal the secui ities, coin and bullion trans
ferred to the issuing department. The issu
ing department was compelled to keep for
every pound in notes a pound of gold. The
bank pays out gold for notes and exchanges—
notes tor gold.
This was a pet scheme of Sir Robert Peel
as a preventive against the over issues of the
Bank of England, and to protect the conver
tibility of the paper currency. It met with
considerable resistance, but was adopted un
der what is supposed to be high financial au
thority,but was found so restrictive as to com
pel a relaxation of the law on two occasions,
in 1847 and 1857, and but for which there
would have been numerous bankruptcies.
Sir Robert Peel in this regulation compell
ing the bank to restrict its issues to a maxi
mum, and leaviug nothing to the discretion
of the directors, sought to subject to an arith
metical principle that which is in its nature
fluctuating, namely, credit. A limitation of
issues in tranquil times, when those engaged
in business pursue the “even tenor of their
way, ’ does neither good nor harm, but when
is much extended, and there exists a
tendency to speculative excitement, accom
panied by signs of panic, a limitation like
this aggravates the evil of too extended credit.
The principle that to maintain the convert
ibility of Bank of England notes, they should
fluctuate with the amount of gold in its vaults,
attaches undue importance to the bank note,
as if it were the only form of credit against
the abuse of which it is necessary to guard.
The other modes of credit, such as bills of
exchange, and book debts, have much the
largest agency in the general extension of
credit, and bauk notes the least. Mr. Tooke
has shown that in 1850 the average amount
of bills ''f exchange in circulation at one time
in the United Kingdom was about one hun
dred millions sterling, or more than four
times the amount of bank notes of all des
criptions. The amount of property hourly
transferred by check is very large, and the
sums adjusted at the Clearing House in Lon
don almost surpasses belief requiring only a
small sum in bank notes for the settlement of
balances.
The theory, therefore, that the redundancy
of paper money, on which is founded this
amendment of tiie charter of the Bank of
England, is based on a fallacy, i. e., that ex
cessive issues are exclusively the source of
high prices, and not those other forms ol
credit that much more otten lead to disturb
ance of prices, recoil, panic and bankruptcy.
The influence on priced is only due, there
fore, to bank notes.
Tbe opposite theory noticed by the lecturer
“that hank notes do not in any degree influ
«ence prices,” is no less erroneous, we think,
than that they have almost the sole agency
in raising prices. On the contrary, prices ad
vance of a great number of commodities at
the very time that paper currency is restrict
ed or curtailed. Mr. Tooke proved from an
elaborate examination of prices that at peri
ojs when the note circulation of the Bank of
Englaud had been ’-educed, there was an ad
vance of prices and rice ver.ta, when the notes
were at their lowest amount pi ices were
highest. The difference of prices is traced in
almost every instance to the state of the mar
kets—to some deficiency of supply or unu
sual stimulus to the deni and. Still the agen
cy of paper money in elevating prices can
not be disputed.
The distinction has not been sufficiently
observed between the bank note circulation
ot cities and country or interior towns. —
There are important differences. In their
issues country banks are governed by the
local demaud. Their circulation fluctuates
greatly at certain periods of the year.—
These banks are passive compared with those
situated at the centres ol trade. Local
banks are under the influence of the local
wants of their nhighborbood. It is no less
true that bauks even in the large marts of
trade are, to a considerable extent, acted on
by the public, and are unable to keep in cir
culation an amount of their issues that is ex
cessive, tor the excess will be returned to be
exchanged for specie. Yet it is not to be de
nied that bauks indirectly contribute to the
redundancy of the currency. The Hank of
Englaud by lowering the rate of interest
when the accumulation of gold iu its vaults
becomes inconveniently large, gives at
times uudue extension to credit. Nor can it
be aftirmed that bank notes have not at other
times an influence on prices, if not advancin' /
them, preventing their./ii// during alarm and
panic, by timely advances. With these quali
fications it may be safely affirmed that
1. Bank notes compared with other forms
of credit have only a limited influence on
prices. 2. That in periods of specul/ttive ex
citement and great extension of credit, they
have a direct agency in preventing a fall of
prices and commercial recoil.
'The above remarks apply exclusively to a
convertible paper currency, aud have no ap
plication to an inconvertible paper money
issued by governments. %*
[TO im CONTINUED.]
A NEW STORY ABOUT ANDY JOHNSON.
We find the following story about our
new President going the rounds of the North
ern papers:
Mr. F. B. Carpenter, who spent several
months in the White Houee, while painting
his picture of the “Emancipation Proclama
tion before the Cabinet,” contributes a sketch
of the late President.
It was a few weeks prior to the Baltimore
Convention, before it was known that Gov
ernor Johnson would be the nominee for the
Vice Presidency. Said he, “I had a visit
•last night from Colonel Moodv, the ‘fight l ng
Methodist Parson, ’ as he is called in Tennes
see. He is on his way to the Philadelphia
conference, and being in Washington over
night, came up to see me. He told me,” he
continued, “this story of Andy .Johnson and
Gen. Buel, which interested me intensely.
Colonel Moody was in Nashville the day that
it was reported that Buel had decided to
evacuate the city The rebels strongly rein
forced, were said to be within two days’
march ot the capital. Os course the city was
greatly excited. Said Moody, “I went in
search of Johnson at the edge of the even
ing, and found him at the office, closeted
with iwo gentlemen who were walking the
floor with him, one on each side. As I en
tered they retired, leaving me alone with
Johnson, who came up to me manifesting
intense feeling, and said, “Moody, we are
sold out! Buel is a traitor! He is going to
evacuate the city and in forty-eight hours we
shall all be In the hands of the rebels. ’ Then lie
commenced pacing the floor again, twisting
his hands and chafing like a caged tiger, ut
terly insensible to his friend’s entreaties to
become calm. Suddenly he turned and said,
“Moody, can you pray?” “That is iny
business, sir, as a minister of the gospel,’’
replied the Colonel. “Well, Moody, I wish
you would pray,” said Johusou ; and instant
ly both went down upon their knees on op
posite sides of the room. As the prayer be
came fervent, Johnson began to respond in
true Methodist style. Presently he crawled
over on his hands and knees to Moody's
side, and put his arm over him, manifesting
the deepest emotion. Closing the prayer
with a hearty “Amen!” from each, they
arose. Johnson took a long breath, and said
with emphasis, ‘Moody, I feel better.’—
Shortly afterward he asked, ‘ W r ill you stand
by me ?’ ‘Certainly 1 will,’ was the answer.
‘ Well, Moody, I can depend upon you ;
you are one in a hundred thousand! ” He
then commenced pacing the floor again.—
Suddenly he wheeled, the current of his
thought having changed, and said, ‘ Oh!
Moody, I don’t want you to think I have be
come a religions man because I asked yon to
pray. lam sorry to say it, but lam not, and
have never pretended to be religious. No
one knows this better than you; but, Moody,
there is one thing about it—l do believe in
Almighty God! And I believe also in the
Bible, and I say I’ll be damned if Nashville
shall be surrendered!’
And Nashville was-not surrendered!
—Brooklyn City, New York, is going to have
an extensive spree on the Fourth of July, and
has appropriated six thousand dollars to pay
the expenses.
—The young Princess, Helena, the youngest
of the English Royal Family that has yet
“come out” in the world of fashion, held her
first “drawing-room” last month, taking the
place of her mother, the Queen, in thus dis
pensing the formal hospitalities of St. James
Palace. The U. S. Minister and all the for
eign Embassadors were present-
PRICE. 5 CENTS
[We rtpnblinh the following to-day by special request.—
Ed. Humid.]
(From the London Punch. 1
ABRAHAM LINCOLN.
FOULLY AWABBIN YTT.D, ON THE 14tII OF APRIL, 1865.
You lay it wreath on murdered Lincoln's bier.
You, who with mocking pencil wont to trace,
Broad for the self-complacent British snee-,
Ilia length of shambling limb, bis farrowed face,
His gannt, gnarled bands, his unkempt, bristling hair,
His garb unronth, bis bearing ill at ease,
His lack of all we prize as debonair,
(X power or will to shine, of art to please.
You. whose smart pen backed up the pencil’e langh.
Judging each step, as though the way were plain;
Reckless, so it could point its paragraph,
Os chief’s perplexity, or people’s pain.
Beside this corpse, that bt-ar.i for winding-sheet
Tbe stars ana stripes he lived to rear anew,
Between the mnurneis at his head and feet,
Say, scurrll jester, is there room for you t
Yes. he had lived to shame me from my sneer,
To lame my pencil, and confute my pen—
To make me own this hind of princes peer.
This rail splitter a trne-bom king of men.
My shallow judgment I had learnt to rue.
Noting how to occasion's height he rose.
How his quaint wit made home-truth seem more true,
How, iron-like, his temper gtew by blows.
How humble* yet how hopeful he could be:
How in good fortune and in ill the same:
Nor bitter in succcs*, nor boastful he,
Thli-sty for gold, nor feverish for fame
lie Yvent about his work—such work as few
Ever had laid on head and heart and hand—
As one who knows, where there’s a task to do,
Man’s honest will must Heaven's good grace edm
mar.rt;
Who trusts the strength will with the lSnrden grow,
That God makes instruments to work his wul,
If but that will we can arrive to know,
Nor tamper with the weights of good and HI.
So he went forth to battle, on the side
• That he felt clear was Liberty’s and Right's,
As in his peasant boyhood he had plied
His warfare with rude Nature's thwarting mights—
The uncleared forest, the unbroken soil,
The iron bark that turns the lumberer's axe, 1 -
The rapid, that o’erbears the boatman's toil,
The prairie, hiding the mazed wanderer's tracks,
The ambushed Indian, and the prowling bear—
Such were the needs that helped his yonth to train:
Rough culture—bat such trees large fruit may bear,
If out their stocks be of right girth and grain.
So he grew up, a destined work to do.
And lived to do it: four long-suffering years,
111-Lite, ill-feeling, ill-report, lived through,
And then he heard the hisses change to cheers,
The taunts to tribute, the abuse to praise,
And took both with the same unwavering mood;
Till, as he came on light, from darkling days.
And seemed to touch the goal from where he stood,
A felon had, between the goal and him.
Reached from behind his back, a trigger prest—
Aud those perplexed aud patient eyes were dim,
Those gaunt, long-laboring limbs were laid to rest!
The words of mercy were upon his lips,
Forgiveness in his heart and on his pen.
When this vile murderer brought sjvift eclipse
To thoughts of peace on earth, good-will to men.
The Old World and the New, from sea to sea,
Utter one voice of sympathy and shame 1
Sore heart, so stopped when it at, last beat high;
Sad life, cut short just as its triumph came.
A deed accurst I Strokes have been struck before
By the assassin’s hand, whereof men doubt
If more of horror or disgrace they bore;
But thy foul ci ime, like Cain’s, stands darkly out.
Vile hand, thatbrandest murder on a strife,
Whate’er its grounds, stoutly and nobly striven;
And with the martyr’s cfoiyji crowneat a life
With much to praise,nitlß% Wfargiyeaj
THERE ARE NO DEAD.
UV SIR E. B, LYTTOM. * .
There is no death I The stars go down
To rise upon some fairer shore ;
And bright In HeaVen’s jewelled crown
They shine for evermore.
There is no death I An angel form
Walks o’er the earth with silent tread,
He bears our»best-loved things away,.
And then we call them “dead.”
Born into that undying life,
They leave us but to come again.
With joy we welcome them—the same,
Except in sin and paiD.
And ever near us, though unseen.
The dear immortal spirits tread.
For all the boundless Universe
Is life—there are no dead.
Lieut. Gen. Grant has presented to the
Great Northwestern Sanitary Fair at Chic
ago, his war horse “Jack.” This is the
horse which he has ridden from the time he
entered the service as Colonel of the Slat ll
liuoiNpegiraent, until lie was made Lieut.
General and placed at the head of the armies
of the United States.
Sen . Grant lias shut up every rum shop iu
the District of Columbia, till further notice.
Frederick Seward is recovering from the
effects of the terrible wounds inflicted on his
head by the assassin Payne. His conditio®
has been very precarious, hia skull having
been badly fractured : but it is now-thoughfr
he will get well. •
Masc Maretzek, the celebrated Musician and
Operatic manager, has gone to Europe to see
Meyerbeer's new Opera of l’Africaine, with a
view to bringing it out in the country. ‘ He
lias already purchased from the composer the
right of representing the piece in America
before any others; and now goes to procure
and forward models of the necessary scenery
and dresses.
The Round Table, which was one of the*
best literary weeklies ever published in thi3
countiy, and which was suspended during
the last two years of the war, is to be reviv
ed in New York, under the management of
its former Editor, Mr. Henry E. Sweetzer.
Queen Victoria is at her Scottish summer
home, at Balmoral.
The Honorable Judge Qatron, 4*ociate
Justice of the Supreme Court of the United
States, died at his home in Nashville, Tenn ,
on Tuesday, May 30. • ' • _ *
Most of our working and fighting Gene
rals are better in the field than on the sihuip.
Oh the occasion of Sherman’s late visit to
Now York they tried to get a speech out of
him, but could only squeejc oilt a dozen
words at a time. „ -
mwm . * * |L. v ‘ 'it *a J %> .
