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SAVANNA! DAILY IIEEALI). VOL. 1-NO. 161. The Savannah Daily Herald (MORNING AND EVENING} * ' is rcsuasED us 63. W. MASON & COm • at 1U Bat Street, Savannah. Georgia, tuhi: Pci tiopy .Five Cent?. Per Hundred $3 60. per Year. 4UO 00, IDVtgtHIMd: Two Dollars per Square of Ten Lines for first In sertion ; One Dollar tor each subsequent one. Ad vertisements inserted in the morning, will, if desired, appear m the evenfcig without extra charge. JOIT PRINTING, in every style, neatly and promptly done. jmiaro■armiMiTcaaeeaß I if A U FIRE, MARINE, f RIVER s • INSURANCE TO ANT AMOUNT. IN GOOD COMPANIES. - KNICKERBOCKER LIFE INSURANCE COMPANY OF NEW YORK. NEW ENGLAND MUTUAL LIFE INSURANCE COMPANY OF BOSTON. Issues all klads of Policies of Insurance on Life. FIRE IUS USANCE. COLUMBIA FIRE INSURANCE COMPANY, OP NEW YORK. PULTON FIRE INSURANCE COMPANY. OF NEW YORK. EXCELSIOR FIRE INSURANCE COMPANY, OF NEW YORK. GEORGIA HOME INSURANCE * COMPANY, OF COLUMBUS GA. EUFAULA HOME INSURANCE COMPANY, OF EUFAULA, ALA. # WOODVILLE INSURANCE COMPANY, OF EU FAUIA, ALA. MARINE AND RIVER INSURANCE. COMMERCIAL MUTUAL MARINE INSURANCE COMPANY, OF NEW YORK. GREAT WESTERN MARINE INSURANCE COM PANY, OF NEW YORK. » Under Open Policies of these Companies I will take Risks s$ regular rates. Asply to A, WILBUR, Agent, At Ofifoe of Home Insurance Company, jy20.1 w 69 Bay street, Savannah, Ga. —— ' 11 ' ■ ■ it : JJAIUNK INSURANCE tokrv--*. • hGUffitofr* AT LOW COLUMBIAN INSURANCE COMP'Yor NEW YORK Riven Risks e:> Favorable Tsana. CASH CAPITAL ..$3,600,000. The undersigned are ready, through tfeelr open poli cy with the aouve. to edect insurance for Augusta, New tout, and Jacksonville, AT THE LOWEST MARKET RATES. Mdse, on first-class Ocean Steamers SIOO,OOO “ “ “ bailing Vessels.... 15,000 “ “ •* River steamer or Flat.... 15,000 Skippers will find it to their interest to call before effecuug insurance elsewhere. CHARLES L. COLBY & CO., jyia-tf |S YOUR LIFE ENSURED? This is an important question lor every man and lmpuriam aisu to every wile and mother as it affect* tiitir liiuie weJl'are. SEE TO IT AT ONCE. DO NOT DELAY. The "Knickerbocker Life Insurance" of New Yoik will insure you ut the usual rules in any sum trom si.uo They aiso issue the f vurue TEN YEAR o,\ Jf’Oßi'EiTUiiE Po.icies, and wIU alter two years p«yme.,t give u uui paid up i ,atcy for l wo Teutns the Whole suui, auU Three Yeurs't hree Tenths, and so on. Thus a Policy oi Two Premiums paid upon ii will he enutlt uto a paid up Policy of $ Aooo. and live years livo-ieultis for every additional year. Tor further uuoruiuligi> apply to A. w U.BUR, Agent, « At the office of the Home insurahoeCa, ju27 bd jbay st., Savannah, Ga. HTRE NEW ENGLAND MUTUAL LIFE INSIL A RANGE company, oF BOSTON. PURELY MUT UJVL. This la one of the oldest and best Companies in America. Policies on laves for any amount up to $16,000 are taken oy them. , ’ . Thu Policies of these Companies were not canoelled me war uuul heard ir.*:*v—a fact which shews their Heating and neterunnatiou to be just and honor aoieiu all cases. AppiJ to , __ s BUR RE, & BRO., WHOIE SAI- E BS^ISR* ' <*d-r AhES, ffINSS aND LIQUORS, * Corner 'tn ) rigt» Street and Bay Law*. ORDERS PROMPTLY FILLED AJfiD DELIVERED. _ j 0.21 •. ■ ts Q s7 iiDadl, GENERAL AGENT AND ATTORNEY FOR CLAIMS, No. 247 F Street, Betvvwn 13x» and 14th Streets. (*eor Pay Department,'; '* WASHINGTON, D C. jui.o ts IjjrS <|oolrs aitb fclofitg. H. A. TOPHAM ' 1,1 13$ CONGRESS STREET, SAVANNAHA . »«. T kxrctlanti* bow, kuton hmJ Calls the attention of Wholesale andil pur chasers to his superior Sfock of I * MILITARY, NAVAL and CITIZENS' Cl IING, BOOTS, SHOES, REGULATION HATS a T »S, and ’ V GENTS* FURNISHING GOOD! FoFsale at the Lowest Market price. - ! « Additions to the Stock received by «ve#teamer from New York. 11-ts QARHART, WHITFORD A CO., j~ MANUFACTURERS and WHOLESALE-ALERS READY MADE CLOYING, 331 and 333 BboadwAy. oor. Worth ext, NEW YORK. TANARUS, F. Cam art, I Henry Sox Wit H. WIUITOBD, I A. T. Him , J. B. Va it, Waoenen. Office of Pay an A Carhart in, liquidation Jyt> ‘ |m C. NORVELL A OO. a (Cor. Boil and Bay Streets, )J ARE CLOSINQ OUT THE jeLANCE OF Tpern f IMMENSE SUMMER STtxi NEW YORK dST. JW ■ •8w j ft MURDOCK, WHOLESALE ‘AMD RETAIL DEAUS SUTLERS* AND NAVAL STORES, I GOODS, BOOTS AND SHOES, HATS ANfPS, Gentlemen's Fcbnirhino Gooisf-. No. 6 Merchants* Bow. Hilton and, a C., w. o. biddrll. fjul3-tfl q*nnu>ooK. M itriAKir FURNISHING GOODS, HATS AND CAPS, BOOTS ANBOEK Ao„ AT », A. TOPH4’S, NO. 138 CONGRESS STRf. This Store is well stocked with s suyr quality of goods, which will be Mid remarkabneap, as the P.oprietor wishes to make room iopew assort- f jyi-tf STEELE ft BURBANK, it Merchants*, Hlltqead, S. C. Call the attention of Wholesale and XI purchasers to their superior stock of MILITARY AND NAVAL CJHING AND FURNISHING GOOE Watches, Clocks, Fancy Goods, Jew, and Plated Boots, Cape Ijtsfoiirattts, | MANCIPATION SEEMS TO RE TOE - END OF OUR NATIONAL ROUBLES. THE HILTON HEAEHOUSE, ’ ] Cobweb or Johnson Squabs and ?aw Struct, I Is now in good running order—alee where the weary can End rest, and where the liters have no rest. BURTON'S EAST INDIA PALE 4£. COOL LjER, ON ICE. LUNCH AT ELEVEN O’f.OCK, A.M. No crippled jaws wanted in thhjstablishment in business hoars. Old acquaintances ne'er forgot. . “ For particulars see small 4c" BILL «LLAM3, Jyl9-tf Proprietor Heyi House. QLAMS! CLAMS! . I have the best Clams at Hilton Head, nd the best Cooks, in proof of which statemeit X addee the fol lowing testimony from Mr. Benj. Honew advertise ment In the Savannah Daily Ribald, cj the lost oi two: 0 "There is no man in Port Royal that <m serve up Clams in eTery style better than Nr. Fituerald, at the Ragle Saloon, in rear oi the Post Office. V ••These is Where the Vcoh Cocoa In.” My dear Ben we wish you a long life and % merry one. / lu addition to the above luxury, we furnish is good a meal as can be obtained it Hilton Head, or any other place in this Deparimeti. GIVE US I CALL, And we feel confident that yot will leave onr estab lishment satisfied that whatever we advertise you will find to be correct. Do not forgetourold estahiihed house, in therear of Post Office. PETES FITZGERALD, ' juSO , Proprietor. HPHE NEW SKIRT FOR 1«5. ** "BRADLEY’S DUPIEX ELLIPTIC.” A wonderful invention lor ladies. Unquestionably superior to all others. Don’t fail to read the advertisement in the Savannah Herald containing full particulars every Saturday morning. jy6 utaw3m yIRGIxTX~ tobacco aolncy. GEORGE R. CRUKP & CO., 209 Broad Stbhxt, Augusta, Ga, Hive on hand a large and veil selected stock of Manufactured and Smoking Tobacco. Samples sent by Express when desired. 3m ju2o gTOVES l STOVES I! SfOVES !!! Large and small, for Restaurants and Families. All kinds of HOLLOW WARE and CooJdag Uten sils Planters' HOES, wholesale and retail, by BUB ’ JAMES G. THOMPSON & 00., jll4mo Beaufort, S. C- SAVANjAH, GA., TUESDAY, JULY 25, 1865. fHcrtlmnti. . ThetPndersipied have entered into Co-partnerdiip for GENERAL AGENCY * AND COMMISSION BUSINESS, to this city, under the name of Woodbrldge Brothers. Wo offer our services to friends and the public pro misug faithful attention to all orders and catsigu meats WM. B. WOODBRIDGE, RICHARD W. WOODBRIDGE. HENRY H. WOODBRIDGE. Bavannah, July S2d, 1885. We will give particular attention to the interests of F.antora In Georgia, receive their cotton and sell it in Wie Savannah market, or send It to our Correipon aents in Northern markets under cash advtmces, wherever the highest prices can be obtained. 3 WOODBRIDGE BROTHEXS. W. B. GRIFFIN A CO. ~ | W. B. Griffin, J. C. Moaner, F. Plcmjb. AUCTIOIf AND COMMISSION MERCHANTS, AUGUSTA, GA. Wlllgive prompt attention to all consignment and make liberal advances when desired. Jnajqm TV) SHIPPERS OF COTTON AND OTHER SOUTHERN PRODUCE. FENNER, BENNETT ft BOWMAN, Successors to Hotchkiss, Fenner ft Bennett. °° “ M 0H o merchants, No. 40 Veskt Street, i.jcw York. And Memphis, Tenn. _ Tbomas Fenner, Hl.net Bennett, ft W. Bowman. jy° Cm QHARLES L. COLBY ft CO. SHIPPING, COMMISSION AND FORWARDING MERCHANTS. JONES BLOCK, CORNER BAT AND ABEBOORN STRIKES, SAVANNAH, GA. LIBERAL CASH ADVANCES Made on Consignments to the firm of Chas. L. Colby, of New York, or to our friends in Boston. MAUDE ft WRIGHT, Agents at Augusta, Ga. BBFBBENOES; Messrs. Dabney, Morgan ft Cos., New York. Jarlvs Slade, Esq., New York. Hon. J Wiley Edmanfis, Boston. Gardner Colby, Esq., Boston. jylS*—tt L. JONES, SHIPPING AND COMMISSION MERCHANT, No 17 Broadway, New York. Liberal advances on Shipments to above Consign ment, made by ' HUNTER ft GAMMELL. Agents Pioneer Line Steamships, 84 Bay Street, Savannah. Reference in New York— Messrs, Spofford, Tileston ft Cos. may 26 ‘ 3 mo BALDWIN ft CO., 110 Duane Street, New York, 9 and 11 Hanover Street, Baltimore, DRY GOODS COMMISSION MERCHANTS, Liberal advances made on Consignments, Sheetings, Osnaburga and Y aim jyig JOHN MoMAHON. COMMISSION AND PRODUCE MERCHANT. Strict attention givon to all CousigiSShents. jflj Corner Bbocohton aPd Jefferson Strerbu 1 ju3o lm J. GUILMARTIN ft CO., GENERAL COMMISSION AND SHIPPING MERCHANTS, NO. 148 BAY STREET, (Opposite the City Hotel,; SAVANNAH, GA, Particular attention given to procuring Freights, and filling orders for Hard Pine Timber and Lumber, Cotton, Wool, Hides, Ac. L. J. GUILMABTIN, JOHN FLANNEBt. *. W. DRUMMOND. IvlT , lm VfTTCHEL & SMITHS. * 1 GENERAL COMMISSION MERCHANTS. Dealers in Sheeting, Shirting, Osnaburge, Yarns, Rope, Bagging, Manufactured and Smoking Tobacco, Ac., &c. Particular attention given to the Purchase, Sale and Shipment of COTTON. Ralston’s Granite Range;—Third Range, MACON, GA. References.— Erwin & Hardee, Claghom & Con ningham, Savannah; L. G Bowers, S. M. Farrar, Cos lambus; E. B. Long* Cos , L. B. Dtvis, Augusta; P P Pease. V. A. Gaaklll, Atlanta. ju2B.lm Q.EO. R. CRUMP & CO., AUCTION AND COMMISSION MERCHANTS, 209 Broad Street, Augusta, Ga. ju2o B. CAHILL GROCER AND COMMISSION MERCHANT, AUGUSTA, GA, Consignments Solicited. „ Cotton Purchased and Shipped. Merchandise bought and sold on Commission. Will also take Agencies for the sale of any Goods and Merchandize required in the Sosthem market. -jy22 3m i SOLOMONS. COMMISSION MERCHANT. Will attend to the Selling or Receiving aEd For warding all kiids of Merchandise, Produce, &c. Office for the present at the Drug Store of J- M. Abrahama^i— HEADQ’PS POST OF SAVANNAH, Savannah, Ga., Jnly 18, 18C5. General Ordibsl oam-ra/orders No. 49 from these Headquarters, dated June 2M, 1865. which provides for the orgam of a Miitary Police for the city, is hereby abol -18 The Chief cf Police wiU immediately turn over to the Post Ouarternaster alt buildings heretofore held tor : h p ~2, 0 f the force under his command. h The Provod Marshal of thU Poet will at once pro ceeds organize a system of armed Patrols, I the ob fect of which will be to insure gooff order and public safety throughout the city. By command of Bvt- Brig. Gen. E. P. DAVIS Jno. Mullen, A. A A. G. jylßj —_ H** - SIXTY BALES HAY, j c „dißir torn Steamship America. For »ale by jyUS BRIUHHM, BALDWIN * 00, SCARCITY OF CAPITAL INSTITU TIONS OF CREDIT. Os the two great elements ot production, capital and labor, the scarcity of the former is the principal impediment to the restoration of the prosperity of the South. The rava ges of war have left it with very little of the material of wealth. In the leading depart ment of its industry—its agriculture, the de struction of stock, of implements of cultiva tion, and of all. agricultural appliances, has been for the short period that armies have occupied its soil almost without parallel. The presence of capital by which the waste of war may be replenished cannot be expect ed among us until credit and confidence are restored. The declamation against the use of credit appears to us most absurd as an instrument of production. Labor may be obtained by immigration should the system of free labor fail to supply it iu due proportion to capital, but bow ip this to be obtained ? Similar evils require similar modes of treatment. /The historical analogy is striking between the con dition of the South, and many portions of Germany, particularly Silesia, after the seven years war. That country had been devasta ted by contending armies. Its agricultural capital had been wasted. The remedy was simple and effectual. It consisted of Insti tutions of Credit, organized under the name of Credits Fonder. The following account of them is copied from “Tooke’s History of Prices, ’vol. 6, page 96. /‘The earliest example of an institution of credit foncier is believed to have been afford ed in Silesia at the close of the seven years war. The landed proprietors of the provin ces had been exhausted by the conflict, and, adopting the recommendation of a merchant of the name of Bukring, Frederick the Great, authorized the formation among the land owners of Silesia, of a mutual society for guaranteeing the repayment of the advances held by, or made to, sdiy of its individual members. The lenders dealt not with the individual, but with the Society; and the se curity granted for each advance was an obli gation or mortgage on the particular proper- ty concerned, fortified by the joint guarantee, and so adjusted as regards repayment, that by means of a sinking lund of one per cent, per annum, accumulating at compound in terest at four per cent., the principal of the debt was repaid in forty-one years. Simple interest at four percent, was also paid during the process of liquidation. In general terms the system of Credit Fon cier, as introduced into Siltsia, consisted in improving the security offered to lenders by means of the joint guarantee of the society means of a special law; in providinglSrlfei liquidation of the principal of 4he advance | by means of a terminable annuity, to be ac cumulated at compound interest; and by providing also for the punctual payment, year by year, of simple interest on the ad vance. The Credit Fonder seems to have been speedily adopted throughout the Prussian provinces, and from them gradually to have reached Austria and most of the Ger man States. It was introduced into Den mark in 1830; and it has also been adopted in the Baltic provinces of Russia. In Bel gium and in Bavaria, Wirtemberg, and some other parts of Germany, the State has authorized Joint Stock Companies to put themselves forward as intermediate agents between lenders and individual land owners; the Companies seeking a profit by the per centege charged for their superintendence and guarantee. France has also her Credit Fancier, “in ac cordance with which the owners of money capital are in the habit of making allowances on the security of landed property.” They are attended with more risk to the lender than similar institutions in Germany. The insufficiency of capital in France is also the source of these institutions. The desire to possess land, with its minute subdivision, has produced great competition for capital with which to bring it into cultivation that interest for its use brings as high a rate, tor the purpose, as 7 pet; cent, per annum, while purchases of land;yield only 3 per cent arising from the fact “that the largest part of the advances in France are required by persons, as stated by Mr. Tooke, who com bine the two functions of Landholder and Farmer, and who, not having sufficient cap ital of their own to carry on the business of cultivation, seek assistance from the class of lenders. On the part of snch a borrower, therefore, the fundj available for the pay ment of interest, on borrowed money, is two-fold;— namely, first, the return coming to him as the rent of his land, and, second, the return coming to him as the profit upon his tanning operations.” It is needless to point out the difference between the circumstances which have pro duced a scarcity of agricultural capital in France and in Silesia and the Southern Stages. In the former, it has been the result in a great part of those territorial arrangements that grew out of the revolution of 1789, by which the land was divided and subdivided, and, PRICE. 5 CENTS therefore, of a permanent character, while in both Silesia and the Southern States the scarcity of capital has arisen from the rav ages of war, and are of a temporary char acter. Now as the eause is the same so should be the remedy. If Silesia was able to restore and renovate her Agriculture by the use of borrowed capital, why may not the Southern States ? The public authority in Silesia aid ed the scheme of M. Buring. The authority of Congress has placed an insurmountable impediment in the way of restoration. The capital required cannot be produced at the Southit is obtainable at moderate rates of interest at the North if the restriction is re moved that/subjects to confiscation all real estate amounting to S2O 000. This precludes that distribution of capital, which would re lieve the North of some portion of its super abundance, while it supplied the want of it at the South. Application has been made to the President from various quarters to relieve the South from this restriction, and he has been much censured for its non-removal, when it depends on the parties themselves for relief by merely taking the usual oath of loyalty. It is scarcely conceivable that the Executive should be anxious to remove obstructions both to the Foreign and Coastwise trade, by raising the blockade, at the earliest practi cable period, and continue a restriction of this kind. —ln Bath, New York, a dwelling bouse was burned, on one of the shade trees in front oi which a robin had built her neat.— While the flames were in progress the mother flew back and forth, calling her little brood, in the liveliest distresss. But when all prov ed unavailing, she calmly took her place on the nest and perished in the flames with her young. —A cat caught a sparrow, and was about to devour it, but the sparrow said : “No fentleman eats until he washes his face."— 'he cat struck at this remark, set the spar row down, and began to wash his face with bis paw, but the sparrow flew away. This vexed puss extremely, and be said: “Aa long as I live, I will eat first, and wash my face afterwards," which all cats do, even to this day. —A peculiar work, shortly to be published in Paris, is one on ‘.‘Literary Frauds," which will embrace all the French writers who pub lished works under assumed names, viz : anagrams, asterisks, cryptonyms, initials, literary names facetious or odd psendonyms, (whether discovered or not,) apocryphal a id supposed authors, plagiarists, aud unfaithful publishers during the past four centuries. No less than fifty thousand titles are quoted. —A tower, commanding a view of the en tire city and surrounding country, has been built in Cork, Ireland, dedicated to the mem ory of the late Prince Consort, on the occa sion of the Prince of Wales’s marriage, and named the “Albert Tower." A considerable devotedito the reliet of the sick floor of the city. • * f ■ —When kelson’s famous signal was hoist ed, “England eipects every man to do ids duty," two Scotchmen were standing by. One pulled a long, sour face, and said, “Bob, Sandie there’s naetbing there about puir auld Scotland *' “Hoot, mon." said Sandie, “Scotland kons well enough her bairns al ways do their duty. It’s only a hint to those sluggish Englishers.” —4 woman was hung on Boston Common about 70 years ago. Her crime consisted of snatching a bonnet and reticule from a lady, on one of the streets leading from Fort Hill.’ She was indicted for highway robbery, wm convicted, and suffered the extreme penalty of the of the law. —Admiral Farragut visited Havard col lege, recently, addressed the students, and was dragged over the grounds by 200 of them, as an accident happened to the whif fle tree. The admiral will make a trip to the White Mountains. —Walt Whitman, poet, has been discharg ed from his desk in the Interior department, for immorality, his “Leaves of Grass” being takeq as evidence of it. Walt was not fit for any Interior place, but he has been taken into the Attorney General s office. —The intention to celebrate fifty years’ peace between England and France (instead of the anniversary of the battle of Waterloo) assumes a practical character. The place of meeting of the peace celebrators will be tho Crystal Palace. f —There was no civic celebration In Nor folk, Va.. 4th inst., the only public entertain ment*being the killing of a negro by a white man. In Richmond the excitement was very moderate. —The American ship Wheeler, with a full cargo of tobacco, lately stored in Richmond, and bound for Bordeaux, France, ran aground in the James river, and will probably have to be discharged. —The mansion of Jeff. Davis in Richmond is still used as the military head-quarters of the department of Virginia, and occupied now bv Maj. Gen. Terry, and his chief of staff, Brig Gen. Hawley. Toe long promised book from James Bu chanan. is now in the hands of Messrs. Ap pleton the publishers, and will appear this coming fall. The book is to contain • history <Sf his rule. —Secretary Seward’s family are going to Cape May to spend a few weeks. Both Mr. Seward and his soh Frederick are rapidly re covering. —The yellow fever prevails at Wilming ton, N‘. C.. and strict quaiant ns is enforced in Hampton Roads on all vessels arriving from there. —The New Zealanders it is said have re cently eaten an English missionary.