The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-03-21
Important News from
the Rebel Capital.
STARVATION IN RICHMOND.
Reported Abdication Of JEFF
Davis in Favor Of Leo.
Davis Proposes that Grant and Lee
Arrange the Terms OF Peace.
MEETING OF THE WASHINGTON CABINET,
10, 90, DO.

MEETING OF THE WASHINGTON CABINET.
40, 60, DO.
WASHINGTON March 90 1904
rnn REBELS READY TO sURRENDER-JEFY. DAVIS
PROPOSES THAT GRANT AND LEE ARRANGE rHD
TERMS.
Tho evidence is fast accommodating that the rebelica
Its end Its hast gasp cannot be far distant The
administration received direct intelligence from Rich
mond within tho last forty eight hours, to the eeoe
that Jen Davis well General Loo gives up the ship
JEFF Davis has also proposed TO withdraw from the con-
test himself and the arbtrament Of the whole aas
10 General Leo and General Grant Let those two gene.
rails settle the terms of adjustment
This has well authenticated TO tho admna
istration that Pr sdent and Secretary Seward have
had lengthy consultation IT, But 1t seems tha
they agree Secretary Seward urges that they had
better accept that mode Of settlement b. the Presk
dent opposes IT, The latter declares that II there NJ
more negotiations the rebels will accept his terna
offered Hampton Roads, and we will then get rid a
the leaders But we leave II to Grant and Lee 70 az
range the latter will try TO retain his place in the
United States Army and secure Offices for all his asso
cates JEFF. Davis Says the President at Is sale
that you candidate for the Presidency, Governofs
who knows but that the copperheads may not yet rua
Jen DayS against you for this office II We se1so TN
AZ, without getting RID OF inc icaueis'
An arrival from Richmond to-day reprcsens Things
the rebel capital as almost in state OF chs"s uy~y
person able 70 render military service of any kind has
been seized and put in the ranks The operations Al
Sheridan had created the Widest panic and everybody
| looking out for himself
The person bringing this information had difcuty
getting to lines He says that the prices Of every
thing had than doubled since Sherdans wholesale
destruction OF the canal and railroads Flour selling
fifteen hundred dollars per barrel neat at dollars PEI
pound whskey at four hundred dollars per gallon anl
other things proportioin Board at the hotels ona
hundred dollars per day. and the commonest board p
day for laborcrs is ten dollars PEE day.
There was special Cabinet meeting hero this After
noon, is understood in reference to tho news FROM
Richmond and the impending breaking up Of tho mut
tary forces Of the rebellion. *-,u.,. *
II 10 also reported hero tonight what Is claimed u
be good authority that Jo Davis has sbdcated In favo
Of Lee who will the dictatorship, " last desps
rate hope Of postponng for brief time the complied
breaking up and destruction of the confcderscy.
| The hasty adjournment Of the robcl Congress inlh
desire the part Of It's members TO escape from
til, doomed city before equalization. The horrors d
| starvation, at Its door, through the exploits d
Sheridan hnve wholesome erors for them. Previous
tho late raid had been supposed there outlet I'd
civil officers and members Of tho bogus Congress, 4
GordonsviIc; but Sheridan has cut or those channels
and left them only the Danvie route which threatened
by Sherman and Is deemed safe. Bets are freely
offered by high ofcials that Lee will attempt the cvacu
ton Of Richmond in ten days; but the important que1
ton is provided he succeed where he 90 an(
still obtain supplies for his srmyf It can hardly b
believed that Sheridans cavalry will remain idle Tha1
General already famous for Lis activity He has con-
suited with Grant, and doubtless received his orde4
for expedition We shall hear from him an(
Fitzpatrick in sphere OF action, and In their ner
efforts they will give the rebellion In Virginia Its coup
graee. Starvation Ia now at the doors Of Richmond
Escape nvovcs desperate tight and great loss Of lfs
successful, will 1t procure foodi Qnie. saba
FINANCIAL MATTERS.
Tho report that the Secretary Of the Treasury had a.
cided TO anticipate Immediately the May interest gold
bonds is premature II will not be done ut present. a
unless spectators should up the premium gold
beyond legitimate rate
While Secretary McCuloch determined 20 10 admin
lister the finances Of the government TO gradually
bring them 10 the specie basis, yet he will not do this
abruptly to produce commercial panic The declinl
in the gold premium from outside Of any policy
Of the Treasury Department, has aircany been mors
rapid than regarded beneficial to the financial int
rests Of the country and Of the government and nothing
will DO done to accelerate this decline, which will doubA
less 20 on, but ID hoped, steady than II has a
ia,e Tho unsettling OF values consequent upon this do
cline has already unavorabiy affected government Fecu
rites and subscriptions TO the thirty loan though
is believed that this effect will only DO temporary and
limited.
Mr. McCuloch's policy will DO such IN dictated b.
due regard TO the interests Of the people and the
ernmsnt and OF . conservative character, equally op
posed undue imitation speedy and disastroul
contraction.
PAYMENT OF GENERALS SHERMAN AND sHKRIDAN'a
TROOPS.
II has been decided to pay General sherman's army ~
full TO the end Of February soon a. II arrives at pone
where rest long enough for payment 70 DO made
This will give six months pay TO nessy The whole army.
The last paid up 70 the slst Of August, ana
they will be paid 10 the 2Sh Of February Secretary
Stanton decided that this mark Of appropriateness
the only in his powerof their noble, brilliant ana
patriotic deeds during the last SIX months Of their servc
shall b. promptly accorded Let their families rejoioa
therefore, in the expectation Of hearing from thes
loved ones only tones Of Affection but Of absolute
demonstration OF regard
Ia also intended 70 sherdans boys they nevW
call them men) In the same way, soon - they form
junction with Sherman This they will not fail 70 do -
soon a ordered By Little Phil" whatever he orders
they will do
AsLKTTHR PROM aENxRAL SHERMAN TO mrs wIr1.
isstsr passed through this city yesterday in the army
mall from General Sherman hrs wife On the comes
was endorsed, Fayetteville, N. O. Eopostase stsmps"
Uncbs Sam conclud 70 forward the letter and trust -
shcrman's luck for payment Of the postage
CONSOLIDATION or THE FOURTH AND NINTH NEW
Y0RK CAVALRY.
The Fourth New York cavalry. formerly commander
BY Colonel Dc Cesnoa and the Ninth New York cavalry
have been ordered by General Hancock 70 Be consoi-
dated into one regiment Both Of these organizations
have been In The service for than three years ana
therefore the present members veterana Leuteuans
Colonel Nichols or the Ninth New York, win command
the regiment and Major swarts, Of the Fourth, WI
probably be lieutenant colonel. These officers have
- - 49,. v..r,, Gallant services amply earnod thor