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I fooled him first by making believe I wanted copra, which of course I knew he wouldn't hear of couldn't, in fact; and whenever he showed fight, I trotted out the copra, and that man dived! I would take nothing but copra, you see; and so I've got the blooming lot in specie all but two short bills on 'Frisco. And the sum?
These notes could be turned into specie very easily, and the owner had only to pay his bonds for $400,000 duty, at nine, twelve, and eighteen months, giving him time actually to send two more ships with $200,000 each to Canton, and have them back again in New York before the bonds on the first cargo were due. "John Jacob Astor at one period of his life had several vessels operating in this way.
Goods for the Indians will be delivered in the same manner as is provided in the delivery of specie. They will be divided into separate shares, or be handed over in bulk, as the Indians may choose. The contracts will be transmitted to the Commissioner of Indian Affairs, with the receipt rolls of the Indians as vouchers for the settlement of the accounts.
In the absence of any controlling power over this subject, which, by forcing a general resumption of specie payments, would at once have the effect of restoring a sound medium of exchange and would leave to the country but little to desire, what measure of relief falling within the limits of our constitutional competency does it become this Government to adopt?
They overhauled chests, trunks, and writing-desks, looking for specie or hidden papers; helped themselves to whatever they particularly fancied, and finally conveyed to the privateer all the water, beef, bread, sugar, coffee, and other provisions and stores which they could find, with the exception of a very scanty supply for our own use!
Now these privileges, these statutes, this vote of the Chambers, mean simply this, that the market price of specie, at five or six per cent., is not too high, and that the conditions of exchange, discount, and circulation, which generally double this interest, are none too severe. So the government thinks.
Stevens, on one occasion, "when we can arrive at them without crushing the community to death. I am for arriving at specie payments, and still allowing the business of the country to go on and thrive, and the people engaged in business to pay the taxes which you impose on them. I say that there is not a man in the community who would not as soon have one dollar in greenbacks as one dollar in gold.
Unfortunately, he arrived at a time when dissension, strife, and immorality were rampant; and when it became known that he was authorized to collect his tithes in specie, the opposition of the quarrelsome and insubordinate inhabitants became so violent that the prelate could not exercise his functions, and was forced to return to the Peninsula in 1515.
Their effects, too, on domestic exchanges, by deranging and misplacing the specie which is in the country, are most disastrous. Let him who has lent an ear to all these promises of a more uniform currency see how he can now sell his draft on New Orleans or Mobile.
The Plattsburg sailed from Baltimore about the 1st of July, 1816, bound on a voyage to Smyrna, in the Mediterranean, with a cargo of coffee, and $42,000 in specie. The schooner was commanded by William Hackett; the name of the chief mate was Frederick Yeizer, the second mate was Stephen B. Onion, and Thomas Baynard was the supercargo.
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