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Updated: May 4, 2025
Two or three square-rigged vessels were anchored to the southward of us, waiting for the tide or the tugs, while four or five pilot-boats tacked up and down in the lazy breeze, watching for the cotton-freighters which ought at this season to crowd the palmetto wharves.
The anticipated fleet of cotton-freighters had not arrived from Europe, and the expected twelve millions of foreign gold had not refilled the collapsed banks. The daily expenses were estimated at twenty thousand dollars; the treasury was in rapid progress of depletion; and as yet no results.
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