Admiral David G. Farragut (1801–1870) appears on the Second Bureau Issue's 1-dollar denomination. When Virginia seceded from the Union in April 1861, Navy Capt. David G. Farragut moved his family north to Hastings-on-Hudson, New York. In January 1862 he was chosen to command a fifty-ship expedition to capture New Orleans. Farragut battled past the forts protecting the city, sailed up the Mississippi River to New Orleans, and forced the city’s surrender. In doing so, he became a hero. He received the thanks of Congress and was promoted to the navy's first rear admiral.
In addition to successful blockades of Confederate ports, Farragut forced the surrender of Vicksburg and Port Hudson in July 1863. In 1864 he fought the fiercest of his battles, blasting his way into Mobile Bay. Congress then created and bestowed the rank of vice admiral upon him. The following year, Congress promoted Farragut to the rank of admiral.
The 1-dollar black stamp was issued June 5, 1903, as a sheet stamp printed from plates of two hundred and sold in panes of one hundred stamps with gauge 12 perforations. The stamp, designed by R. Ostrander Smith from an engraving by Charles Schlecht, was engraved by George F.C. Smillie (portrait), Robert F. Ponickau and Marcus W. Baldwin (frame), and George U. Rose Jr. (lettering and numerals). Farragut's portrait replaced that of Commodore Matthew C. Perry, which had appeared on the 1-dollar denomination in the First Bureau Issue.
The Farragut stamp was frequently used to pay multiples for first-class shipments of domestic inter-bank currency and coin. The stamp also franked large foreign letter rate parcels.