reign custom-house officials are, to
be sure!) actually succeeded in doing so, and thus realized the very
handsome profit of $150,000 in gold. The entire proceeds he invested
in Mexican indigo and cochineal, worth in Mexico $250,000, and in
Boston $275,000, in bond, plus charges. Of course, no export entry was
furnished to the customs collector at Brownsville; but Mr. Greeley
fastened his one eye on the indigo and cochineal, when it arrived in
Boston, and made up his mind that the country had lost $250,000. As
for H, he has invested $100,000 in more gunpowder and arms, and starts
for Brownsville next week, to try his luck again. With the other
$175,000 he has a notion of buying out the New York _Tribune_, and
setting it right on free trade, and other matters of the sort.
I, and his friends owned a fine fleet of merchantmen when the war
broke out. The aggregate burden of the vessels was nearly a million of
tons, and they were worth $40 a ton. When the rebel cruisers commenced
their operations, there were no United States cruisers prepared to
capture them, because our best vessels were on blockade service. This
being the case, insurance on American merchantmen rose very high--so
high that I and his friends were reluctantly compelled to sell their
vessels in Great Britain and elsewhere, and convert them into cash.
They brought $40,000,000, and this sum was invested in merchandise,
which netted a profit of ten per cent. to I and his friends. They thus
gained $4,000,000 by these transactions. The entire proceeds,
$44,000,000, they then lent to the government with which to carry on
its war of existence with the Southern insurgents. Profitable as these
transactions clearly were to I and his friends, and to the government,
Mr. Greeley, nevertheless, only sees the import of $40,000,000 worth
of foreign extravagances, and consequently wants the tariff on iron
increased in order to make water run up hill.
J, had $2,000,000 in five-twenty bonds, which cost him $1,400,000
gold. As the market price in New York was only 70 gold, while it was
72-1/4 in London, he conceived the inhuman idea of selling them in the
latter place. The cost of sending them there, including insurance,
&c., made them net him but 72, but at this price he gained a profit of
$40,000. With his capital now augmented to $1,440,000 he bought rags
in Italy, which he sold in New York for $1,584,000, ex duty and plus
transportation, a clear profit of $184,000 from th
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