SATAX.N'iir DAILY HERALD.
VOL. 1-ffO. 128.
The Savannah Daily Herald
(.MORNING AND EVENING;
IB*C MASHED by
O. W. MASON & CO.,
At HI Bat S theft, Savannah, Georgia.
Per Copy .Five Cents.
Per Hundred $3 60.
Per Year *lO 00,
Two Dollars per Square of Ten Lines for lirst in
sertion ; One Dollar lor each subsequent one Ad
vertisements Inserted in the morning, will, if desired,
Appear in the evening without extra charge.
In every style, neatly and promptly done,
T R. SOLOMONS, M D.
■ m D E N T I S T
F?om Charleston, S. C., offers his services to the
citizens of Savannah.
Rooms at Dr. Clark’s office. Congress street.
References.—Dr. Jas. B. Read,
Dr. J Uriah Harris,
Hon SOI.OMON Cohen,
W. N. Hauersoah Esq,,
jull ts A. A. Solomons Sc Cos.,
JQENNIS, PERKINS & CO.
No. 05 Broad Street,
M BKitc£: -
'dealer EXCLUSIVELY IN COTTON.
FOREIGN AND DOMESTIC EXCHANGE,
The undersigned has made every arrangement to
resume his commercial pursuits so soon as trade res
Dictions are removed. I will be prepared to receive,
store, insure, compress, ship, sell or purchase 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 and Merchants, assuring
all that they can rely upon prompt responses and the
E. M. BRUCE.
I refer to Merchants generally throughout the U. S.
and to Members of Congress. ,lu3-I2t
Q.ADEN & UNCKLES.
GENERAL PRODUCE AND COMMISSION MER
CHANTS, AND WHOLESALE DEALERS
GROCERIES, PROVISIONS. Jfc c. ,
CORNER OF DAY AND lIABNABD STREETS,
Highest market rates paid for Cotton, W 001, Hides
<Stc., and liberal cash advances made on shipments to
our New York house, joii-lm
JUIddIIL ds MURDOCK;
AGENTS FOR ISRAEL R. BEALY,
Wholesale Dealers in •
ALES, WINES and IMPORTED LIQUORS,
Os ail Kinds and Qualities.
No. 6, MERCHANTS’ ROW,.
Hilton Head, S. C
YmVortkd and"domestic ~
WINES AND LIQUORS,
AT WHOLESALE, FOB FAMILY USE,
AT 20; BAY STREET.
ISRAEL R. SEALY & CO.
* gAVILLE* LEACH,
BOOKSELLERS AND STATIONERS.
HILTON HEAD, S. C.,
CORNER »BYAIf STREET AND MARKET SQUARE,
SAVANNAH, GA x
may 30 ts
j~JKWiS L. JOifEB,
SHIPPING AND COMMISSION MERCHANT,
* No U.JDroadicai', New Vork.
Liberal advances on Shipments to above Consign
ment, made by *
‘ HUNTER & GAMMELL,
Agents Pioneer Line Steamships,
»4 Buy Street, Savannah.
Reference in New York—
Messrs. Spoitord, Tiijsston & Cos.
L. COLBY & CO.
SHIPPING, COMMISSION AND FORWARDING
40NE8 liI.OCK, COEN KB JIAT AND AIIEROOBH STREETS,
LIBERAL CASH ADVANCES
Made on Consignments to the firm of Ciias. L. Colby,
of New York, or to our friends in Boston.
MAUDE & WRIGHT, Agents at Augusta, Ga.
imtlHC e s;
Messrs. Dabney, Morgan & Cos., New-York.
Jarivs Slade, Esq., New York.
Hon. J \V iley Edmunds, Boston.
Gardner Colby, Esq., Boston. may 18—ts
QTEKLK <B BURBANK,
O ii Merchants’Row,
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, Embroideries,Boots,Caps
Hi < Hasses, Gauntlets Gloves. Ac., Ac., Ac.
The undersigned have This day formed a co-partner
ship under the firm name of Charles L. Coluy <fc Cos. ,
tin; the tran.-iaction ol business aa Shipping, Commie
slot and Forwarding Merchants.
CHARLES L. COLBY,
ALEXANDER H. HOLWAY,
May ltith, isos. ts mayl>
T>AEEK\ & CON FECTiUNERK ESTABLISH
-D MENT AT BEAUFORT.
* We respectfully call the attention of the public to
our Bakery <S Confectionery Establishment in Sam.
A. Cooley’s Building at Beaufort, at which we are
Prepared promptly ta fill which may be for
warded to us. Special.attention is paid to the man
ulacture of Ornamental Pieces, Fancy Confectionery,
and Elegant Pastry, for, haßday on' estival tables,
Feb. S-ts McMANUS & MURRAY.
SAVANNAH, GA., THURSDAY, JUNE 15, 1865.
JgOOKS AND STATIOxStY.
WHOLESALE AND RETAIL,
At the Old Stand of
JOHN M.‘ COOPER A CO.,
Just Received the Largest aud Best Selected. Stock of
In the Southern States: consisting of Primers, Spellers,
Haiders, Geographies. Arithmetics, Grammars, Greek,
Latin, French. German and Spanish Text Books, and ali
other Books used iu Colleges, Academies and Common
Siates, Pens Pencils, Ink. Foolscap, Letter and Note
Paper, Envelopes, Blank Books, Ac i also have on hand
a large assortment of Netv aud popular Novels by the
best authors. Dickens,Reynolds, Mrs Holmes, Mrs. Woo I,
Ac. I will keep constantly ou hand a large stock of el
egant Photographic Albums uud Card Photographs, as
wcllusa constant supply of the latest Northern Newspa
pel s aud Periodicals, N. Y Daily aud Weekly Newspapers.
Harper’s Magazine, Godey's Lady’s Book, Atlantic
Monthly, Demurest 3 Fashions, Ac., Ac.
Everything will lie sold at the very lowest figures, and
special terms are offered on School Books .to Teachers aud
I can and will sell at least as cheap as any other house
In the South.
’ TERMS STRICTLY CASH
Call and examine the Stock at the old stand of
Joun M. Cooper a- Cos..
Cor.Whitaker and St. Julian streets,
Bookseller and Stationer.
N. B.— All orders for Miscellaneous Books, Music, or
any article connected with the trade, filled at the
The friends and patrons of the undersigned, and of
the firm of John M. Cooper & Cos., are respectfully so
licited to continue their patronage at the old establish
ment to Mr. Farrklly. The undersigned may be
found at his desk as usual, for the purpose of closing
up old business affairs and rendering snch assistance
as he can do Mr. F.
A general Wholesale business will be established by
J. M. C. & Cos., whenever practicable, upon the upper
floors of the establishment.
jeS lmo JOHN M. COOPER.
THE SOLDIER OR THE CITIZEN.
THE MONTHLY NOVELLETTE,
contains a Novelette complete, together with from
three to eight short stories, with Illustrations. Terms:
$2 per year. Single copies, 25 cents.
THE AMERICAN UNION.
A FIRIIBIDE JOURNAL NO CONTINUED STORIES.
Thrilling Stories, Racy sketches, Stirring Adventures
and Choice Home Reading. *3 a year. Four copies,
THE FLAG OF OUR UNION
Devoted to Tales, Sketches, Adventures Poems,
News, Novellettes, &c. $4 per year.
THE DOLLAR MONTHLY MAGAZINE.
The cheapest magazine in the world. $1.60 a year.
Seven copies, SO. Nearly one hundred pages of reading
matter and illustrations. Postage only 12 cents per
TEN CENT NOV&LLETTES.
128 pages in each book ; one-third larger than any
other Dime Novel,
All of the above publications will be forwarded regu
larly by mail, on receipt of price, by
ELLIOTT, THOMES & TALBOT,
C3 Congress street,
Samples can be seen, or copies purchased, by ap
THE SAVANNAH HERALD STORE,
111 DAY STREET,
JJJERALD JOB PRINTING OFFICE,
No. 11l Bay Street,
, Savannah, Georgia.
We respectfully call the attention of the public to
the facilitiestwhich we have for doing all kinds of Job
NEATLY AND PROMPTLY.
We have the
BEST PRESS IN THE WORLD
For doing a variety of work and doing it ail we
FIRST CLASS PRINTERS,
Os long experience and tried ability. We have
NEW PRINTING MATERIALS,
From the best Northern ioundries, to which we a
CONSTANTLY MAKING ADDITIONS
We are prepared to execute orders for
Play Bills, Circulars,
Bills of Fare, * Visiting Cards,
Wedding Cards, Tickets,
Business Cards, Letter Heads,
Bill Heads, Drafts,
Legal Blanks, Calendars.
Or any other kind of Printing,
IN ANY STYLE.
We have a
FINE ASSORTMENT OF INKS
PRINTING IN COLORS.
OftDUHS BY MAIL OR EXPRESS -
Will receive prompt and careful attention, and the
work will Be forwarded
OF CHARGE FOR ®|ANSPORTA TION.
We endeavor to do all our work well, and to give
complete satisfaction to onr customers
y . OUR PRIOiSH
Are as low it the present high coat of stock, mate
rial, labor and will admit ot, and are below the
ncreased rates which rule la other lined of business.
. , * 8. W. MASON & CO„
v v ♦ , z -V. I*l Bay Strtaf -
* SSWar.r.ah, Georgia.
THE RATE OP INTEREST.
The monetary circles of Europe were star
tied when, in September, 1864, the Bunk of
Eugiand raised its rate ot discount to uiuc
per cent. At that time there was not the
smallest apprehension of an efflux of gold.
The vaults of the bank were tilled with that
metal almost to repletion. The consequence
of the contraction of credit was that many
commercial failures occurred. This high rale
of interest gave rise to two opposite theories.
The Edinburg Review’ accounted for it by the
foreign demand for loauable capital, aud
the increased capability of Eugiand to fur
nish an augmented supply from modifying
the law in relation to individual liability iu
joint stock associations.
The consequent diminution of risk to in
vesters led to the formation of a large num
ber ot of joint stock banks, greatly increasing
the amount of loauable capital. This cir
cumstance of itself would have depressed the
rate of interest, but at the same time there
arose a foreign demand for loanable capitai
far exceeding the supply. The Bank of Eng
land, it is contended, therefore, only followed
the impulse given to a rise in the rate of in
terest which had its origin abroad. The high
profits of trade had given a momentum to
enterprise which had elevated the rate of in
terest. Dear money was thereiore an inci
dent in the general progress of improvement.
This was the theory of the Edinburg Review.
A different theory was propounded by
Blackwood’s Magazine for May. It contend
ed that the advance iu the rate of discount
by the Bank of England was artificial, and
the result of the virtual monopoly enjoyed
by that institution of the circulation. The
monetary laws aggravating the evils of this
monopoly, particularly the act of 1844,
which limits the issue of notes to fourteen
millions sterling. The writer in Blackwood
contends that there was no sufficient cause to
raise the rate of discount by the Bank of
England to nine per cent, when the abun
dance ot loanable capital aud the diminished
demand for it —suggested an opposite policy,
to wit; a reduction in the rate of discount.
The theory of the Edinburgh Review ap
pears to us to be founded on an assumption.
It assumes that money had risen, not only in
England, but throughout Europe, nearly
three or four times its ordinary value: The
rate of interest in the money market of Eu
rope is rarely above five per eent.—it is in
Holland not seldom as low as two per cent.
Now, conceding that the discoveries of gold
on the shores of the Pacific had given a great
impulse to trade, and enhanced the demand
for loanable capital, it will be recollected that
the tendency of so great an increase ot the
precious metals, for the past decade after
these discoveries, was to lower their value.
It is not difficult to conceive that there
might have been an increased demand for
loanable capital for new enterprises without
such an enhancement as neaily 50 per cent
n the value of money. The facts are against
the supposition. In the money markets of
Europe there was no such enhancement. At
Paris, Amsterdam, and Frankfort, when the
Bank of England raised its rate of discount
to 9 per cent, there was but a small varia
tion in the value of money, as indicated by
the rate of interest. We cannot, therefore,
but reject the theory’Hhat there was such
an external .or foreign demand for British
loanable capital as to justify the Bank of
England iu raising its rate of interest to 9
The theory iu Blackwood offers, we thuk,
the true explanation. It assigns as the origin
of the rise in the rate of discount by* the bank
of England, the strict adherence to the act of
1844, limiting the issues of that institution to
fourteen million, as producing a ruinous con
traction of credit. If this explanation is
sound it limits the rise in the value of money
to the British dominion, in Europe, and to an
artificial causes to the restriction imposed on
the Bank of England, to limit its issues to tiie
amount of its capital due to it by the govern
The writer in Blackwood sustains his.theory
by unquestionable facts. He sbqws that
there was no efflux of the treasure of the
Bank when it was progressively raising its
rates of discount —that on the contrary there
was an influx, the bullion and coin having
increased in three months, between August
aud November, from £12,820,000 to £13,050,-
000, during which time the Bank increased
its rate of discount 50 per cent, from. 6 to 9
Having traced this departure from sound
principles of banking to the act of 1844, the
writer in Blackwood concludes that the au
thors of this law are answerable for the nu
merous bankruptcies that took place in the
latter part of the year 1864, in consequence
of the contraction of credit.
In the following remarks all must concur :
“In this country, every payment must be
made, in money or in forms of credit, which
are promises to pay in money.
Therefore a wise government should take
care that no needless or artificial restrictions
be placed upon the supply of this indispen
sable commodity. Money, or currency, is
simply a form of capital into which all other
kinds of capital may be converted. And no
artificial restrictions ought to. be imposed on
snch concession. Now this is what was
done by the act of 1844- For all countries,
and especially for a great trading country
like ours, this question of the supply of mo
ney is before all others in importance. It af
fects die rich, but it si ill more affects the
poor.' Whenever there is a scarcity of the
circulating medium —a “tight money mar
ket” as the phrase is—trade languishes—the
merchants and manufacturers, the great em
ployers of labor, suffer heavy losses—and
thousands of the lower classes are thrown
out of employment. Free trade lias emau
cipated the raw materials of commerce and
manufacture from legislative imposts, iu
order that the national industry may have
scope. But another branch of our legislation
(the Bank Act) imposes fetters on all that
industry, by occasioning artificial fluctuations
iu the value alike in the raw material and ot
the articles into which it is manufactured ;
aud ever and anon enormously depre
dates their value —not front any natural di
minution in the demand for these produc
tions, but simply by causing au artificial
scarcity of the currency, by means of which
all buying and selling is cairied on."
From this statement it 'l9 plainly perceived
that the writer iu the Edinburg Review, who
contends that the rise in the rate of interest
is not abnormal, and the writer iu Black
wood that it is entirely artifical—are at the
antipodes iu their explanation of the pheno
The general conclusion from the reasoning
of the writer in Blackwood is that Banking
ought to be left free—that artifici.il restric
tions cause ruinous fluctuations in trade,
and that the rate of interest ought to be reg
ulated by the amount of capital ready to be
loaned, and by the extent of the demand for
“Whether it is better for a Qovenment
to take the supply of currency into its own
hands, or to leave that business to private es
tablisoments is a debatable question, but
there can be no queslion, that for a govern
ment to hand over the supply of currency as
a monopoly .lo private parlies—as is the pre
sent system in this country—is a procedure
of all others the most vicious iu principle
and the most mischievous in practice. ’
That the Bauk ot Eugiand should enjoy a
virtual rnonopiy of the currency is perhaps
inevitable, from its great resources # and its
connection with the government, it being the
sole source of issue iu Loudou, but that its
monopoly should be so extended over the
circulation by its simple fiat iu raising the
rate of discount at its pleasure, and thence
producing a ruinous contraction of credit,
is one of the most dangerous forftis in which
monopoly can show itself. %*
Philosophy and Fashion.—To the philoso
phic mind it is ever au amusement to con
template the fanciful and fickle freaks of
fashion. • When hoops went out of vogue,
nigh a century ago, the ladies vowed that
scanty petti coats were infinitely prettier; ah I
they vied With oue another in reducing their
dimensions until their skirts became so
shrunken they could hardly move their feet
within the limited circumference. So, doubt
less, will it be agfliu, now crinoline is doom
ed. The milliners of Paris have determined
on reviving the “costume of the Empire” of
some fifty seasons since, anil who will dare
dispute the mandates of the milliners ? ' Al
ready we see signs of the change which is
approaching. Ladies fresh from Paris startle
our eyes now a days bv appearing in what
at first sight we might fancy are their night
dresses. Os course, when once the tide sets
in all The female world will swim with it.—
Casting overboard their crinoline, the ladies
will all look as though they had been put
under a rigid course of Bantipg. Our wives
will be so altered that we shall hardly know
them ; aud when they walk out in their limp
and scanty dresses we shall at first be scarce
ly able to realize our happiness in missing
the accustomed chafing of our shins. To the
philosophic mind it will be curious to note
what excuses will be made for the wearing
of scant petticoats, to which the ladies have
all vowed that they never could revert. The
comfort that there was, said they, iu wearing
iron cages nobody could tell; and they pro
tested that they wore them solely for that
reason, aud not for fashion’s sake. The
philosopher might shrug his shoulders at
their vows, and rightly estimate their worth ;
but philosophy availed naught in its efforts
to reduce the circumference of petticoats,
which fashion has expanded, and fashion
only could contract. In its influence on
Lovely[Woman, philosophy will bear no com
parison with fashion ; and the philosopher
who fancies that his words will be listened
to when fashion claims a hearing is no better
than a fool.
The Siamese Twins —The Siamese twins
are living in North Carolina, where they farm
a plantation. They married two sisters, and
while they had five children each (he sisters
lived hdbpily. When one of them, however,
had a sixth child, they quarreled and would
not live under the same roof. The twins are
now’ fifty years old. One of them is droop
ing, and experiments have been made to find
out if the ligature that binds them were
c’ t whether they conld survive. On the
ligature being tied so as to prevent the circu
lation of the blood the twins feinted. It is
evident, therefore, -that when one dies they
cannot be separated, and both must perish.
Their respiration is synchronous when they
are calm; their bouts of sleeping and wak
ing, and their joys, sorrows, and desires are
> ■' r 'r* • ? < ®‘ : "
PRICE. 5 CENTS
l For the Savannah Herald. 1
To Mia* Persia .
Like a fairy qneen, or shadowy dream,
A bright nymph of the wood or the wave;
A Peri or pearl thou dost verily seem,
Which even Kings for their crowns might crave.
Thine Orient name, like a free wild refraiu,
In soft echoes comes floating to me,
While memory thine image doth sweetly reclaim,
As it pictures thy home by the sea.
Me think? I can hear, all sweetly and clear,
Thy dear voice, as in carols of glee,
It •injjs to the Waves, as if drawing near
A past fraught with memories oi' thee.
I would there might come, to thy sweet islet home,
Some zephyr all light, which gently may bear
My name to thine ear where'er thou may’st roam,
While tn fancy I too wander there.
We, together beside the billowy tide,
Os sweet Nature in holy commune,
The ' evening star' onr Mentor and gnide,
Sweetly would wander by light oi the moon.
As with silvery light so shimmering bright,
She reflects on each wavelet at play,
Soft shadows which peep from the folds of the night.
Till her light doth chase them away.
“Old Nepfnne ” might laugh at the draughts we would
Os gay beauty, glad pleasure and love;
His trident we’d seize as 'twere « light staff,
Till tils right to sea reign he should prove.
With sea-weed all rare I’d deck thy fair hair,
Thy clear brow with blight coral should beam ; .
With the queen of my heart, aye, nought should
Wtitle thy coronet with jewels should teem.
The wondrous "Sea God" himself with a nod *
Should acknowledge the Queen of the Sea
Though ruling with never a sceptre or rod,
No pearl of the “ Orient " can liken to thee !
What strange mystic power I feel at this hour 1
In fancy thou too lingerest here;
Yea, though thou’rt afar my bright, "guiding star,"
Still in spirit I feel thou art near.
As an angel of light o’er th? darkest of night,
A halo of glory thou’d’st shed ;
May this vision of loveliness ne’er take its flight
To mingle with shades of tlie dead 1
A bright message may bring ’ueath its unfolded wing
Our next carrier dove o’er the sea ;
Then hearts shall rejoice and the glad welkin ring
To.tfee breeze that returns sweet memories of thee.
FIRST PROVOST COURT —JUI»Gj| KBEN PARSONS
Savannah, June- 14th, 1865. -
Nothing of interest trauspired in this court
SECOND PROVOST COURT—CAPT. TANARUS: P. RUNDLETT,
-. JUDGE PRESIDING. ' *
Savannah, June 14th, 1865.
Janies Monahan vs. Mrs. Arnold. Recov
ery of Reut.' Held under advisement. Coun
sel for plaintiff, F. W. Johnson.
B. Stuman vs. L. Connel. Recovery of
Rent. ' Ordered that defendant pay to plain
tiff within thirty days, the sum of thirty sev
en dollars and fifty cents. Counsel for plain
tiff,'Hon. Philip M. Russell.
' Uniteff States vs. John tawience ans
Henry Maxwell (both colored).. Charged
with assaulting aud beating Henry Litffe
and violating th.e public peace of the dity ot
Savannah’. This case attracted much atten
tion, and the court room was densely crowd
ed to hear the proceedings, From the testi
mony on the part of the government it ap
pears that on Saturday afternoon last, Mr.
Henry Little was passing through the market
about four o’clock, and, as it was crowded,
he accidentally stepped on the dress of a col
ored woman who was standing near a stall.
She immediately used abmive epithets to
Mr. Little; he turned back and asked it the
language used was intended for him; he re
ceived an answer in the affirmative, and im
mediately she seized hold of him; another
colored woman who was standing at the
stall, and who is reputed to be the sister of
the one who used the abusive language, also
attacked him; he being iu a weak, emaciat
ed condition, they threw him on the pave
ment of the market, and both fell with him.
At this stage ot affairs, much excitement was
created, one of the defendants, Henry Max
well rushed on Mr. Little with a butcher’s
knife; with his left a-m uplifted, and the
knife in his hand, he was in the act of strik
ing him, when the baton of a policeman on
his craDium, stopped his murderous inten
tions. *The police separated the combatants,
and restored comparative order in a short
time. . -%■&<*■
On the part of the defendant, one of his
witnesses, Jackeon Sheftall, (colored) testi
tified that he saw Maxwell pfatffe his left Arm
on the breast of Mr. Little, and his right
hand holding a knife uplifted. • -
After a careful and patient investigation,
and the argument of counsel, Judge Ruud
lett passed the following order :■ In conse
quence of *no testimony being produced
against John Lawrence, that he be discharg
ed ; and that Henry Maxwell, the prisoner,
be placed in confinement for three months.
Counsel for the United States, Hon. Philip
M. Russell and J. R. Saussy, Esq; for de
fendants, Levi S. Russell, Esq.
P. S. Verdery vs. R. Ettleson—recovery of
wages for services rendered. Judgment ren
dered in favor of plaintiff' for six dollars and