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McCabe, James Dabney, 1842-1883

"Great Fortunes, and How They Were Made"

Another captain was soon
found, and the ship sailed for China.
"Another house, which was then engaged in the China trade, knowing the
worth of this 'king of captains,' as Astor himself used to style him,
bought him a ship and dispatched him to Canton two months after the
departure of Astor's vessel. Our captain, put upon his mettle, employed
all his skill to accelerate the speed of his ship, and had such success
that he reached New York, with a full cargo of tea, just seven days
after the arrival of Mr. Astor's ship. Astor, not expecting another ship
for months, and therefore sure of monopolizing the market, had not yet
broken bulk, nor even taken off the hatchways. Our captain arrived on a
Saturday. Advertisements and handbills were immediately issued, and on
the Wednesday morning following, as the custom then was, the auction
sale of the tea began on the wharf--two barrels of punch contributing to
the _eclat_ and hilarity of the occasion. The cargo was sold to good
advantage, and the market was glutted. Astor lost in consequence the
entire profits of the voyage, not less than the sum previously named.


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