The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-10-06
A RACE FOR s1,7oo.ooo.
The Steamer Spearndam and Her Big
Tobacco Cargo.

The Steamer Spearndam and Her Big
Tobacco Cargo.
New YORK, Oct. 5.-An immense amount
Of goods of one kind and another have been
imported since it was known that the tariff
BILL which SO greatly increases duties,
would pass. Frantic efforts were made to
get goods entered before Oct. 6, the date the
bill goes into operation, and many succeeded
only by the greatest effort, the ships arriv-
lag so late as to give their captains but a
snort time to reach the custom house and
make their entries
IL was at first understood that the bill
would 60 into operation on Oct. 1. When
me announcement of this understanding
was made wealthy New York syndicate
ead loaded the slow-going freight steamer
Spaarndam of the Netherland-American
9ne, with Sumatra leaf tobacco at Rotter-
Jam. The syndicate did not expect the
arm Dhl to go into operation so
It would go into operation on Oct. /
they cabled to the steamers captain
70 reach New York before that date. That
was about Sept. 16, and the captain. know
Iug now large the prize was for which the
syndicate was contending, made I'D his
mind that his slow old steamer should make
the best record in her history.
ne steamer sailed from Rotterdam on
SSepV. 10 ior New York with $500 bales of
SWu1hatra lear tobacco, consigned to the New
1ork syndicate, composed of these frrDs.
A. COhn q Co. Of No. 149 Water street :.
schroeder q Son, No. ITS Water STRAIT !,
uustaV Falk q Bro, No. III Water street
ana Cullmans a. Rose baum, No. I75 Water
street, and 300 bales consigned to Cobn r
Leopold of Water street. "
DUTIES ABOVE ORIGINAL. vAIur
Ihe big consignment was worth inde-
pendent OF any duties, 81, 800, 900; the small
one, $4,000 The old duty was Sq0 nor
Daie on such tobacco; the new duty to he
applied by the Mckinley bill TO ali snch
Iooacco imported, is $40 per bale: so thar
getuhg over with their cargo before
~ w. l the syndicate and the outside firm To
% %nIc9 portion of the tobacco was con-
sneu, expected to clear about 81. zoo, 600
msH- Tataos, aoe'' LOU 70 mention the profit that
-9H 1l,,ai accrue from the advanced prices
W ith such sum to be lost or won a.
SHuing as the Spaarndam sailed slowly or
woeuiiy, and without hindrance. it ia easv
MY uIuerStand the excitement that attended
sn5 rug delay after the vessel had sailed
a.t ant d. other reported delay, which turna3
Su,' fortunately, to be an error Tba
Spt1 SpaarAuam had not proceeded fifteen miles
tsrda me narrow river from Rot
ont of "nen sue ran aground in turning
Fo,o 1S u her course to pass a French steamer
Gu vut uays later, and after repeated cable
tta Tins mad passed between the shippers and
cou, ,bil bHuAiouS consignees in New York. the
cbino.leu i1o-ueu efforts of seven tugs and the ma
49, Oh the stranded vessel caused the
rrsca,Iaii1m lIam to move, and sho finally slid
on into deep water.
STIMULUS TO ANXIETY.
saat sAiter the richly freighted steamer got
n5 +U n.. dnu on her way again, with damaged
vn1j 1Gjrerstralned machinery, the New YORK
nDa1t men were an anxious set. Moth
orn; nas neard of the Spaarndam until the
b s,-N was then sighted off Fire Island, But
buss ydIulcate dnIt we're no longer anxious, be-
= Inn lays before they knew the date when
0at would 60 into operation would not
Is was was largest cargo of tobacco that
ars 'een brought to this country ia
:| ndicotAa "A prominent importer, not irfthe
MT said that probabld no more
pert Sra tobacco would be imported for
him. TIM nVe years. at is safe to saw he
O05oIl taat within the past ten davs
" VoN Vyoies OF Sumatra tobacco reached
e Red &; O. IL was mostly in small lots.
nrino u star Line steamers have been
01s good deal lately.n