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BAVAMAH DAILY HERALD. VOL. 1-NO. 129. The Savannah Daily Herald (MORNING AND EVENING^ U PGUUMBD BT 8. W. MASON A CO.. At 111 Bat Strkkt, Savannah, Giomu. TEiHI: . Per Copy Ftve Cents. Per Hundred $3 60. Per Year . *lO 00, ADTBBTISIMB: Two Dollars per Square of Ten Lines for first In sertion ; One Dollar tor each subsequent one. Ad vertisements inserted in the morning, will, if desired, • appear in the evening without extra charge. JOB PJRINTING, In every style, neatly add promptly done. insurance. YORK FIRE AND MARINE INSURANCE AGENCY, BT PBBBENTINO TIIK SECURITY INSURANCE COMPANY; MANHATTAN INSURANCE COMPANY; PHtENIX FIRE INSURANCE COMPANY » Averaging a CASH CAPITAL of over FOUR MILLIONS. Risks taken on all descriptions of Property on rea sonable terms by A. A. LANE, Agt. Office in Sorrell's Building, on Bull st. julo lino OOLUMBIAN (MARINE,) INSURANCE COMPANY OF NEW YORK. CASH CAPITAL .-. .$8,600,000. The undersigned are prepared to Insure under Open Policy from the above Company to the extent of SIOO,- 000 in property in any first class Steamer, and from $60,000 to $16,000 on any first class sailing vessel, on the most favorable New Yoik terms. For further particulars apply to CHARLES L. COLBY A CO Jones Block, corner Bay and Abercoru streets, maylS ts Savannah, Gs. Restaurants, | \t t LIVE; AT THE ‘‘OFFICE, •• No. IX Merchants’ Row, HILTON HEAD. f». C. BENJAMIN HONEY, Pboibietor. Just received from the North— BEEF, MUTTON, VEAL, PORK, TURKEYS, CHICKENS, FISH, GAME, TURTLE; • —ALSO — Received from the Plantation* every morning— CHICKENS, VEGETABLES, Ac. ICE CREAM, WITH FANCY CAKES. The inner man must and shall be preserved. ICE WATER, FREE FOR EVERY BODY. N. B.—Why doe# my friend in the rear of the Post Office discontinue to say where the laujth comes in ? iunel4-tf JgURT'S OLD STAND RE-OPENED. NO. 110 BRYAN STREET. The Proprietors do respectfully announce that they have this day opened this favorably known and popu - Jar STAND, for the accommodation of Private Board ers and the traveling public. To those who may favor the house with a call, the comforts of a home, at very reasonable rates, are hereby guaranteed, The location ol the house, together with the experience of tne proprietors, are considerations not to be overlook ed by those who value their own interests. jutO-lw FRANCIS SUTTON & CO. £tLAMS! CLAMS ! CLAMS! IN TUI SUIT.I. OR 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 EAQLE SALOON, In rear ol the Post Office, Port Royal, S. C. PETER FITZGERALD respectfully informs his old friends, and the puolic in general, that since Oysters are out of season for a time., his Daily Patrons can flud 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 A VEGETABLES, From tbe North aud other places in this vicinity. Meals cooked to order at any hour during the day. Our motto is to “Live Well." PETER FITZGERALD, Proprietor. inay23 | ts l - lllrT¥[ -—.... P 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 trictiona are removed. 1 will be prepared to receive, store, insure, compress, ship, ■ell or purchase Cotton, and make advances on shipments to any markets in tne United States or Europe. I respectfully invite correspondence, samples and shipments by both Planters aud Merchants, assuring ail that they can rely upon prompt responses aud the lultest iufurmatiou. E. M. BRUCE. . 1 refer to Merchants generally throughout the U. 8. aud to Members ol Congress. . iu3-L!t J R. SOLOMONS, M. D. *DENTIB^, from Charleston, S. C., offers bis services to the citizens of Savannah. Rooms at Dr. Clark’s office, Congress street. References.— Dr. Jas. B Read, Dr. Jubiau Rabbis, Hon. Solomon Cohen, W. N. 11 a blush am Esq,, jnll ts A. A. Bolomons A Cos., Stationer#, Jr. AND STATIONARY. WHOLESALE AND RETAIL, At the Old Stand of JOHN M. COOPER 4 CO., Just Received the Largest sod Best Selected Stock of SCHOOL BOOKS In the Southern States; consisting of Primers, Spellers, Hsiders, Geographies. Arithmetics, Grammars, Greek, Latiu, French, German and Spanish Text Books, and all other Books used in Colleges, Academies and Common Schools. STATIONERY. Slates, Pens, Pencils, Ink, Foolscap, Letter and Note Paper, Euvelopcs, Blank Books, Ac. I also liaveou liaad a large assortment of New and popular Novels by the best authors, Dickens. Reynolds, Mrs Holmes, Mrs. Wood, Ac. I will keep constantly ou hand a large stock of el egant Photographic Albums and Card Photographs, as well as a constant supply of the latest Northern Newspa per* and Periodicals, N. V Daily and Weekly Newspapers, Harper’s Magazine, Oodey's Lady’s Book, Atlantic Monthly, Demorest s Fashions, Ac., Ac. Everything will lie sold at the very lowest figures, and special terms are ottered on School Books to Teachers aud others. 1 can and will sell at least as cheap as auv other house in the South. TERMS STRICTLY CASH. Call and examine the Stock at tiie old stand of Jouo M. Cooper 4 Co_ Cor. Whitaker ami St. Julian streets, Savannah, Ga. STEPHEN FARRELLY, Bookseller and Stations. N. B.—All orders for Miscellaneous Books, Music, or any article connected with the trade, filled at the shortest aotice. The friends and patrons of the undersigned, and of the firm of John M. Cooper A Cos., are respectfully so licited to continue their patronage at the old establish ment to Mr. Fabrelly. The undersigned may be found at his desk as usual, for the purpose o( closing up old business affairs and rendering such assistance as he can to Mr. F. . A general Wholesale business will be established by J. M. C. A Cos., whenever practicable, upon the upper floors of the establishment. jeS lmo JOHN M. COOPER. JNTEREBTING PUBLICATIONS for 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 FIBHBIDE JOURNAL. NO CONTINUED STORIES. Thrilling Stories, Racy Sketches, Stirring Adventures aud Choice Home Reading. $3 a year. Four copies, *lO. THE FLAG OF OUR UNION. Devoted to Tales, Sketches, Adventures Poems, News, Novellettes, Ac. $4 per year. THE DOLLAR MONTHLY MAGAZINE. The cheapest magazine in the world. $1.50 a year. Seven copies, SO. N early one hundred pages of reading matter and illustrations. Postage only 12 cents per year. * TEN CENT NOVELLETTES. 12S pages in each book; one-third than any other Dime Novel. All of the above publications will be forwarded regu larly by mAh, on receipt of price, by ELLIOTT, THOMEB A TALBOT, PUBLIBUEBS, 63 Congress street, Boston, Mass. Samples can be seen, or copies purchased, by ap plying at THE SAVANNAH HERALD STORE, 111 RAT STBEEI, • SAVANNAH, GA. aprlS __ ts A LEACH, BOOKSELLERS AND STATIONERS. MERCHANTS’ ROW HILTON HEAD, S. C., —AND— • CORNER BRYAN STREET AND MARKET SQUARE, SAVANNAH, GA. m .!■■ , ■ jjin 1 —- j EWIS JU JONES, SHIPPING AND COMMISSION MERCHANT, No 17 Broadway, New York. Liberal advances on Shipments to above Consign ment, made by HUNTER A GAMMELL, • Agents Pioneer Line Steamships, 64 Bay Street, Savannah. Reference in New York— Messrs, Spofford, Tu.kston A Cos. may-O /CHARLES L. COLBY A CO. SHIPPING, COMMISSION AND FORWARDING MERCHANTS. JONES BI.OCK, CORNKE BAY AND ABEROORN STREETS, SAVANNAH. GA. LIBERAL CASH ADVANCES Made on Consignments to the firm of Cuas. L. Colby, of New York, or to our irieuds in Boston. M AUDE A WRIGHT, Agents at Augusta, Ga. • references; ■ Messrs. Dabney, Morgan A Cos., New York. Jarivs Slade, E|»q., New York. Hon. 3. WUepEdmauds, Boston. Gardner Cglby, Esq., Boston. may 18—ts A UNCKLES. GENERAL PRODUCE AND COMMISSION MER . CHANTS, AND WHOLESALE DEALERS —IN GROCERIES, PROVISIONS. Ac., corner of bay anu Barnard streets, SAVANNAH, GA. Highest market rates paid for Cotton, W 001, Hides Ac., and liberkl cash advances made on shipments to our New York house, JoH-lna j'M PORTED AND DOMESTIC WINES AND LIQUORS, at wholesale, for family rsa, AT *U7 BAY BTREET. * ISRAEL R. BEALY A CO. m*y34-tf SAVANNAH, GA„ FRIDAY, JUNE 16, 1865. TRANSITION FROM WAR TO PKACK. Every political change by which values are deranged is attended by general loss al though particular interests aud branches of piodution, often receive benefit from such change. War checks the growth of capital and consequently the funds lor the maintaiu ance of labor. A large number of unproduc tive consumers are maintained. Those de partments of labour that supply the food and clothing, and the materiel of war. are stimu lated, perhaps excessively, but this affords no compensating advantage for the general inter uption of industry. But the transition from peace to war is less injurious to the interests of society, tliau the transition from war to peace. To all who produce and consume ,the rise of prices du ring war,- whether the effect of taxation or the too great abundance of fictitious capital, may be of partial benefit, but as regard td those who exclusively consume commodities, all annuitants, who live on fixed money in comes, the rise of prices, is an uumixed evil. They benefit proportionally on the return of peace and fall of prices. But as they consti tute only a small portion of the whole com munity, society at large, is much less benefit ted by the reduction of prices, than it is in jured by that almost universal stagnation of trade, and employment in the transition from war to peace. If paper money has been issued in excess, its contraction so increases its val ue, that one dollar is as difficult to be pro cured as ten or fifty were before. The great er balance of advantage, would appear there fore to be on the side of the transition from peace to war, than from war to peace. Du ring the former prices are constantly advan cing. The producer and trader have con stantly rising markets before them, and it they'have prudential habits, they save more as producers aud dealers, than they lose as consumer’s. Activity although it be artificial aud temporary, is better than stagnation. THE COTTON TRADE. That great losses will be experienced in the cotton trade in England seems hardly to re quire demonstration. The fall of prices is in evitable. The speculators in East India cot tons will, we apprehend, be the -largest suf ferers, as the fall will be proportionally lar ger in this description than in those kinds of which the cultivation has not been stimulated by the high prices. That the effect of the cessation of the stim ulus is expected to bring down the prices of East India cotton greatly seems to admit of no question. Accounts have been received already of a partial decline of Egyptian cot ton on which heavy advances had been made by English capitalists on which a loss had been already experienced of $25,000,000. This only constitutes a small proportion of the losses likely to occur in the Indian cot ton trade. Since the surrender of Le*; aud Johnston’s armies, prices have receded to I4d. for best American to 7d. for the coarser kinds of Bengal cotton. It seems the general opinion that American cotton will fall to lOd. during the summer. It is uot improbable, theretore, that we will hear of a graud fiuan cial crash among those engaged in the Eng lish cotton trade before the close ot the sum mer. We have condensed the above facts from the New York Meicautile Journal, from which we extract the following well timed remarks: The effect of this immense reduction of price upon the future production of foieigu cotton remains to he seen. It will, no doubt cause heavy losses to capitalists and parties wbo have advanced money on the growing crops or who have a large supply ot the sta ple on hand. We may, therefore, expect to hear of a great financial crash in the English cotton trade: Tbose who hfid stocks bought at the advanced prices, or wbo have advanc ed upon the growing crops with tbe expect ation of realizing former rates must suffer heavily. But whatever may be the immediate losses to Englis capitalists, there is no reason to conclude that any considerable proportion of the lands devoted to the production of cotton under the stimulus of high prices will be thrown out of cultivation. Tbe ef fects will remain long after the impelling causes cease to exist. In nearly all cases cotton may profitably produced in competi tion with the Aiuericau market. Tbe only difference will be the withdrawal of tbe pro digious stimulant of high prices to expansion and growth. We may therefore expect that the supply of foreign cotton will in future equal, if it does not exceed, the exports of this staple previous to 1859. It is also rea sonable to anticipate that it will equal in quantity, at least, the products of the South ern States tor several years to come, or uutil the experiment of free labor In the South shall have been rendered thoroughly effec tive. But in any contingency there are no real grounds for apprehending that there will not be always an adequate demand tor American cotton. That article commands a higher price in foreign markets ; and we shall prob ably be always able to more than sustain competition with tbe world. The only dif ference will be that Eugland and Frauee, tbe chief consumers of cotton, will be no longer entirely dependent upon the American sup ply- V Tbe President has inaugurated the policy of giving soldiers clerkships, by detailing a private of an lowa regiment for duty in his own office. Personal Remiulsrence of the late Abra ham Lincoln. (San Francisco Bulletin.) Os such brief sketches of Mr. Lincoln’s life, pfiblished in the newspapeis since his death, as have come to my notice, not one has re ferred Ui his struggle for the Seuatorship in 1854. I shall barely allude to it iu passing to the close of these short articles. An electicn was held that year in Illinois for State Treas urer aud for members ol the Legislature. The Democratic party seemed to be dropping to pieces. The anti-Kebraskaus were anima ted, by such appearance, to extraordinary energy in the contest. Not only the Sena torship was in prospect, but the Presidential campaign of 1856 was already begiuniug to assume shape. The Democrats elected the State officer, but the political complexion of the Legislature chosen was in doubt. At the assembling of the Legislature, the anti-Ne braskans met iu caucus aud nominated Mr. Lincoln for the Seuatorship. The Democrats nominated Gen. Shields. Judge Trumbull had been elected to the lower house from the Eighth District, but in the peculiar construc tion of tiie legislative body saw a possibility of bis own election to the Senatorsbip. More over be was generally, even by many of his own party friends, held to be ineligible to a seat in Congress, because of a provision of the State Coustitutiou that prohibited a judge being a candidate for such office until the expiration of a year after liis retirement from the bench. For this reason Judge Trumbull preferred to take his chances for the Seuatorship before going to Washington aud taking his chance for a seat in either branch of Congress that he might claim. Ou Friday, after a number of ineffectual ballots, the Legislature adjourned over to the following Tuesday. On Sunday, such a snow storm set iu as had not beeu known, iu vio leuce and volume, by the old settlers, since the “great snow” of 1833, I believe the year was. The loads were blocked up, trains of cars were impeded on the prairies, in some cases at a long distance from habitations, and many travelers by wagons and other con veyances were frozen to death. Members, from distant counties who had returned home, could not reach the capital 'in season to take part in the adjourned con vention on joint ballot to elect the Senator. A quorum might be present. As appeared afterwards by newspapers in every part of the State, both parlies were in alarm ofl*r the circumstance. Either party that now ac cidentally had a majority might take advan tage of it. But the candidates, witli the ex ception of Mr. Lincoln, had left the city. Judge Trumbull and Gen. Shields lived In the same town, Belleville, St. Clair county. Members came straggling in on Monday and Tuesday, and on Tuesday it was generally believed that the anti-Nebraskans had a ma jority. Mr. Lincoln was approached by some of his friends. No, he told them, there must be fair play in the election, and Mr. Lincoln was not elected. As Judge Trumbull was a conditional can date behind Mr. Lincoln, so Gov. Matteson was a conditional candidate behind General Shields. When the baliotting was renewed, Mr. Lincoln repeatedly came within thiee votes of an election. There were a few scat tering votes for Judge Trumbull and Gov- Matteson. As the baliotting proceeded Mr. Lincoln naturally became -excited. Mrs. Trumbull, an intellectual aud unassuming lady, sat in the gallery with a group of frieuds, nothing down the result of each ballot. Judge Trumbull occasionally gained upou Mr. Lin coln and then fell back to biacerlain strength. Mr. Lincoln, although urged to do so, would not yet retire from the contest. At length it was whispered, one day, that after two or three ballottings more Gov. Matteson was to be sprung upou the Convention as the Demo cratic candidate. There were three Democrats who would not vote for com nor Gen. Shields, but who for Judge Trumbull or Gov. Matteson.— They.were those who had been supporting Judge Trumbull. Au adjournment, for two days, if I remember correctly, was imme diately effected. Mr. Lincoln visibly showed liis excitement, at first, but wheu the Legls lature met iu joint convention agaiu, Judge Trumbull was elected over Gov. Matteson. Mr. Lincoln with a single sentence elected him. At the time, those Democrats who sup ported Judge Trumbull, and Judge Trum bull liimseit, would not acknowledge that they had left the Democratic party. When the Judge was elected, a pledge was made by himself aud his friends that Mr. Lincoln should have their support for the next va cancy. In 1858 the pledge was redeemed, but the friends of both candidates had come to be in mutual bin inony in the Republican party. Intlie ineuulime Mr. Lincoln had, in 185 U, been at the head of the Republican electoral ticket. How North Carolina Feels. —We copy the following from the latest North Carolina Journals : The people in this State are fast becoming reconciled to the system of free labor, and are beginning to like the change. From pre sent appearances it is appareut that order and contentment will soon reign supreme in North Carolina. The attachment existing in this State between the masters and their former servants is very strong. They seek each other like the members of a lost flock, aud readily come to a satisfactory under standing on the price of labor aud their new' relations. The universal suffrage question is being discussed with a great deal ot interest in North Carolina. All parties agree in saying that equality to the cartridge box Is legiti mately followed with equality at the ballot box, but they disagree in regard to the lime when the negro should-vote. ■—■» Gen. Grant and the Actoorai-h Collec tors.—A great crowd was at the hotel. The same scenes were presented at at Cozzen sol introductions and shaking hands. The Gen eral submitted to it like a martyr. Pretty soon tbe crowd began to thrust in books fbr his autographs. He wrote several. “Just this one more,” asked one very im have said no, and when I say no, Imean it,” answered the General. He was not asked for more autographs. PRICE, 5 CENTS j Gkv. Grant’s Cadetship.— A correspond- I ent of the New York Herald at the recent Examination at the West Point \lilitary Academv, writes: The most sedulous inquirer after incidents connected with General Grant’s life here as a cadet will find nothing upon which to predi cate the reputation he has acquired and the position he hns achieved as a military leader —no exhibition of talent foreshadowing his future greatuess—nothing that any way dis tinguished him above his fellow students.— Professors all remember him, but their recol lection is only that of a quiet, studious, re served aud orderly young man. He neither made himself conspicuous by violation of any * ot the prescribed rules, or by show of bril liancy in the recitation room. None of the mad prauks which young students are too apt to be up to —though there is rather less latitude for indulgence in these wayward vagaries of precocious youth here than in ordinary col leger—can tie recalled ot him, and neither was he unusually dull or prosaically Puritan ic iu his ways.' His career here was not wholly, let it by understood, without notice. Ou more than one occasion he gave incipient tokens of that decision which has since de- * veloped itself into such a strong, if not his strongest, characteristic. Although gradua ting the tweifty first in his class out of thirty uiue meniberl, be was not altogether tbe me dium scholar his standard in the first rolls wouid indicate. On looking over the records I find that at one period of his cadetship, and while there were fifty members iu the class, lie stood number ten in mathematics. Defi ciency iu some of the other branches ac counts tor his medium grade of scholarship at the time of graduation. 1 am told, fur thermore, thut iu his class there was more ' than the average number of apt, quiet, smart scholars. Many ot these have siuce risen to high distinction iu their profession, the prom ising blossoms ripening into rich apd rare fruit. Iu tiie class were Major Gen. Frauk lin, who, in scholarship, headed the list; Maj. Gen. Augur, so well aud widely known for his high military and executive abilities;, Maj. Gen. Peck, so favorably knowu in New York and elsewhere; Maj. Gen. Ingalls, so long the able Quartermaster of tbe Army of tbe Potomac; Gen. Quitnby, luspector; Gen. Hardee, Gen. Ripley, of rebel notoriety iu Charleston, and many others who in this war have earned deservedly high reputations. Jekf. Davis—The Manacling Story Con firmed -The 1 rons Removed on Sunday.— lt is certain that Davis was heavily manacled one day last week, and so remained until * yesterday afternoon. During tbe days he was ironed Davis steadfastly refused food, eating each day nothing but a bit of bread, aud yes day Dr. Cravens said plainly to the authori ties that uuless lie wus relieved from the shackles tbe prisoner would not live two days. In consequence of this representation the irons were removed late yesterday after noon, and then Dr. Cravens is reported to have further expressed the opinion that un less Davis was allowed more air than he could get by constaut confinement in bis cell be would not live ten days, no .will live the" ten days, however, for to-morrow be emerges from the casemates of Fortress Monroe, and • will be sent to Wasliington. The gunboat Connecticut, ordered from Washington for his conveyance, will arrive iu Hampton 4 Roads this morning, aud to-morrow forenoon the prisoner will be conveyed ou board under strong guard.— Phil. Inquirer. Dr. Verdi, Secretary Seward’s regular physician, is a homeopathist. s— The Life of Caesar is getting translated into Arabic. t Thirty-seven female postmasters were tfkttifoieAir^riril. IcMbroposes to spend #500,000 in au effort to n&ve clean streets. ..., Mrs. Lee lays claim to Arlington Heights—the height of impudence. , —The New York Post shows that ice dealers there make a net profit of $lB a ton. A Murillo, belonging to the late Mar quis Aguado, was sold iu Paris lately tor $15,000. All the cavalry of the Western Depart-* t meats are to be mustered immediately at Cairo, for active Texan service. —Ex-Navy Agent Henderson, of New York, although acquitted last week, is to be tried agaiu on other charges. The information from St. Paul declares that tbe Indians are still hostile. One writer advocates bloodhounds to hunt them down. —Michael Phelan played a game of bil liards with the champion, Mr. Fox, at Rochester, Thursday, and was beaten by 109 points. A cow at Canfield, Ohio, lately pro duced'a glossy black call covered with wool half an inch iu length. The wool is growing finely. Napoleon 111. gave the first printed copy of his “ Life of Caesar” to his wife, and the second to the sod, as “an evidence ol his lively tenderness.” lt has been shown in European courts that nearly ten thousand Circassian children are exported every year from Turkey to - Egypt, and sold. But 250 prisoners remain at Camp Morton, Ind. They have relused to take the oath of allegiance, and are to be transported to Camp Chase and Johnson's Island. —ln conversation with Assistant Secretary of War Dana, Jets. Davis denied all knowl edge of the conspiracy against President Lin-* coin. ' There is much speculation in Washington as to the probable Date ot the accused now before the Military Commission. Some officials think, that if all are condemned to death important confessions may be ob tained. —A comical incident on the ; occasion of the first performance of the Africaine is told in Paris. A critic had bought a ticket, which. was attached by tbe sberifFupon the applica tion of a tailor, whom the critic owed son* money. 1 * .-V “7. ■' ! -7,