Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1863-07-07
Our Navy Al Work.

L. DahKnead, on the lltn lnsl.i after al
exciting chase, captured the rebel steamer
Calypso, from Nassau, bound for Winning
ton, N. c., gia New Inlet The New York
E0ening Post, of Monday, says she had
no ships papers, and but one fag-the rel
e. The Captain, without hesitation, ac-
knowledge her to be rebel vessel, and
stated that her cargo consisted of liquors,
medicines, drugs aud provisions. It is be
lieved that soma iron plates for vessels were
thrown overheard.
When Captain Bankhead got within
range he tried his rifled gun, and at a third
shot the Calypso appeared to stop, and
showed white flag, having shown no flag
Of airy description previously. Upon rang
ing close up to her, Capt. Bankheard dis
covered those on board endeaYoring to leave
in great haste, two boats having already
got ahoat filled with people among them
four ladies. Suspectlng something wrong,
Capt Bankhead ordered Lieut.. Greene and
Chief Engineer Zlegler, to board her, with
instructions to keep every one on board I'm
til the danger (if there were any should
DS QlSCON6IEu WHICH iuSlluCllOhS NSIS SIlISb-
~ carried out.
1t was found that the injection pipes
were cut, engines badly broken. and that
water was running in very fast. The fur
mace doors were closed, and the safety
valves dashed down. One Of the engineers
was forced to 60 below and assist in raising
the valves and stopping the leak. The crew
had broken into the cabin, rausacked and
pillaged the staterooms, strewing articles OF
clothing, bedding, bottles, &c, in every d.
rection. Many were more or less inloxiea-
ted. The FIonda's men soon freed The yes
sci from water.
The Calypso was commanded by Capt.
William Black, native Of Ireland, who
repeatedly stated to the officers of the Mas
sachusetts, on which vessel he was taken to
Philadelphia, that he was willing TO take the
oath Of allegiance forty times oyerifhe could
only get to Nassau TO command another YES
sci to rua the blockade. He was in COM
mand Of the rebel steamer Stonewall Jack
son when driven on shore by the blockading
fleet off Charleston.
On board the Calypso was found a rebel
mail bag. Among its contents were The
two letters @hleh follow. They contain
pretty strong evidence Of the utter worth
iessness of Confederate money, and we
might add, utter hopelessness Of the rebel
cause:
A GEORGIA MERCHANT TO IT'S PARTNERS.
Nassau, June Z.
DEAR BRoTnERs: = IF am
not mistaken some Of the Blockade runners
viii lose pile of money, as Confederate
money is becoming at such discount they
cannot get price enough on the goods to
pay the difference Of exchange, as all goods
have to be paid in gold or sterling exchange,
and all freights prepaid, and then take all
chances Of getting them through, besides
paving duties on them at Charleston.-
Some of the Blockade men here think the
next steamer from Dixie will bring bad
news, and there will be mnch greater dis
count ON Confederate money-say seven or
eight hundred dollars for one hundred in
gold, and my opinion is it will soon be
worthless. Yesterday bought here { Mas
sau) five hundred dollars ia Confederate
money at fotsr cents on the dollar, and
some was sold here for even a greater dis
count. So you can see what the people
here think Of Dixie money, and in fact no
one here will take it at any price fol goods
or for freight money; and if i had million
of gold collars | would not invest one dol
here and take the chances of getting through
and take Confederate money.
IF you lave any Confederate money on
hand when you receive this, get clear Of i
on the best terms you possibly can, and in
future do not take any more Confederate
money, only at what you can sell it for gold,
and turn it into gold as soon as you get it.
The best Investment of Confederate money
is good sterling exchange, the next is gold or
silver, and the next is cotton, for sooner or
later | am confident Confederate money
will not be worth the paper it is made on,
although may be mistaken. :
Yours truly j. B. JAQUEs.
Messfs. J. B. Jaques q Bro, Columbus,
Georgia
This is the testimony Of a rebel merchant,
whose exodus from the South seems to have
opened his eyes to the hopelessness Of the
rebellion. According 10 bis statements, Con-
federate money is already at such a fearful
discount that the English merchants at Mas
sau, favorableas they are to the fsbels, refuse
to have anything to do with ii; while ac-
cording TO the following letter, Confederate
bonds are still more nnsayory to their nos
trils:
a RICHMOND AGENTS TESTIMONY.
Nassau, June 3.
William e. Sinons, Richmond, Va:
DEAR FRIEND: < = | have moi
been able to find sale for the bonds, though
there has been sales heretofore, but now no
! one seems ready to buy. | could sell al
forty.iiye cents, but am not wiling to sell
at that figure. have concluded to deposit
them in house here, TO be disposed Of at
fair price, and proceed myself to New
York, as we talked Of before my depart,
ure from Richmond. Until my return
shall nos be able to make any shipment to