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Of this a large quantity was found in the stores, together with a considerable amount of money, which was of even more importance to the Chilians, whose treasury was empty, and who were crippled in all their operations by want of specie. During April and May Lord Cochrane cruised up and down the Peruvian coast. Several landings were effected, and valuable captures made of money and stores.
Lord Byron, after leaving Argostoli, on the 29th December, 1823, the port of Cephalonia, sailed for Zante, where he took on board a quantity of specie. Although the distance from Zante to Missolonghi is but a few hours' sail, the voyage was yet not without adventures.
Still less inconvenience will attend the requirement of specie in purchases of public lands.
This ship was named the "Santa Teresa de Jesus", built at Guayaquil, of about three hundred tons burthen, and was commanded by Bartolome Urrunaga, a Biscayer. The specie on board her was inconsiderable, being principally small silver money and not amounting to more than 170 pounds sterling.
"It means you're to stake your pile on Speedy, hand him over all you can, and hold your tongue. I almost wish you hadn't shown it me," he added wearily. "What with the specie from the wreck and the opium money, it comes to a biggish deal." "That's supposing that I do it?" said I. "Exactly," said he, "supposing you do it." "And there are pros and cons to that," I observed.
While Mark stood with the lead-line in his hand, anxiously watching the drift of the vessel and the depth of water, Hillson was employed in placing provisions in the launch. There was a small amount of specie in the cabin, and this, too, was transferred to the launch; everything of that sort being done without Mark's knowledge, and by the second-mate's orders.
There were still the tributes, the payments in specie which the payés had to make to him, according to ancient usage, and with these he and Mammy Antonia had managed to exist, almost lost in the immensity of the house which had been built to shelter a tribe.
This magic document proved all-powerful everywhere they went; and as they knew it would be so in all corners of the habitable globe, they could rely upon it with perfect confidence. Pouchskin's leathers bag was always well weighted with the yellow metal, and specie, whatever stamp it may bear, is current all over the world. Their journal merely mentions the route followed.
Occurring, as this would have done, at a period when the country was engaged in a foreign war, when considerable loans of specie were required for distant disbursements, and when the banks, the fiscal agents of the Government and the depositories of its money, were suspended, the public credit must have sunk, and many millions of dollars, as was the case during the War of 1812, must have been sacrificed in discounts upon loans and upon the depreciated paper currency which the Government would have been compelled to use.
The commercial distress which seemed to spring from Jackson's measures was now first fully realized. Anger and pain from the death of the bank had not abated. Ardent hatred prevailed toward the "pet" banks, extending to the party whose darlings they were, while the Specie Circular was held to have ruined most of the others.
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