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McCabe, James Dabney, 1842-1883

"Great Fortunes, and How They Were Made"

He selects his officers with the
greatest care, pays them liberal salaries, and, as long as they do their
duty, sustains them against all outside interference or intrigue. In
this way he inspires them with zeal, and the result is that he has never
lost a vessel by fire, explosion, or wreck.
He built the famous steamer "North Star," and made a triumphal cruise
in her to the Old World. It is said that he was at one time very anxious
to divide the business of the ocean with the Collins Line of steamers.
When the "Arctic" was lost he applied to Mr. Collins to allow his
steamer to run in her place. He promised to make no claim for the mail
subsidy which Collins received, and to take the vessel off as soon as
Collins could build another to take her place. Mr. Collins was afraid to
let Mr. Vanderbilt get any hold on the foreign trade of the country, and
not only refused his request, but did so in a manner which roused the
anger of the veteran, who thereupon told Mr. Collins that he would run
his line off the ocean if it took his whole life and entire fortune to
do it. He kept his word. He at once offered the Government to carry the
mails more promptly and regularly than had ever been done before, and to
do this for a term of years without asking one single cent as subsidy.


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