Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1890-10-02
$f.G9O,OOO RACE.
The Steamer Spaarndam Wins the
Greatest STAKE on RecOrd--IHer

Nhe StenmAer SpaHFndam wins the
Greatest SIage on Hecord-IHer
Rich Tobacco OargO.
A New York telegram gives the following:
race across the ocean from Rotterdam,
Holland, to New York, for stake OF
81 900, wa quietly arranged by
wealthy syndicate In this city early In the
present month. The race was successfully
finished Tuesday. 1t has been very quietly
condueted affair, but one full OF excitement
for those directly interested.
The slow-going freight steamer Spaacn-
dam, OF the Netherland. American Line, was
the ocean racer that won for the syndicate
this stake, hundredfold greater than any
for which the Atlantic RreYhounds of the
great passenger lines have sped In their
livellest contests. See sailed from lotter-
dam for New York on September 10th, with
$500 bales of sumatra leaf tobacco, con-
signed to the New York syndicate, COM
posed OF these firms; A. Cohn d Co., Of No.
142 Water street; Schroeder IL son, No. 17S
Water street; Gustav Falk & Brother, No.
III Water street, and Cullmans g. Roseen-
baum, No. 175 Water street, and 800 bales
consigned to oohn Leopold, of Water
street.
The big consignment was worth. inde-
pendent OF any duties, 81 800 600; the small
one, 100000. There Is at present duty Of
800 per bale on such tobacco; the new
duty, to be- applied by the Mckinley bill 20
all such tobacco imported and not yet In
bond on and after October 1st, is to be S340
per bale; 80 that by getting over with their
cargo before October LIST the syndicate and
the outside firm to which portion OF the
tobacco was consigned cleared over
81 600 In duties, not to mention the
pr fit that may accrue from the advanced
prices that will follow a shutting out of
Imports.
With such q sum to be lost or won accord.
ing as the Spaarndam sailed slowly or
speedily, and without hinderanca, 1t is easy
TO understand the excitement that attended
one long delay after the vessel had sailed
and another reported delay to-day, which
turned out, fortunately, to be an erroc. The
Spaarndnm had not proceeded Is miles
down the narrow river from Rotterdam
when she ran aground In turning out OF
her course to pass French steamer. Four
days later, and after repeated cablegrams
had passed between the shipners and the
anxious cousignees in New York, the COM
btned efforts OF seven tugs and the machine
cry of the stranded vessel caused tho
Spsarndam to move, and she finally slid
gracefully Off Into deep water.
Since the richly freighted steamer got
Rtoat end on her way again, with dam aged
and overatrained oachinery, the Now York
syndicate men have been an anxious set.
Nothing was heard OF the Spaarndam until
TuesdaylmOrnimg, No vessel arriving at this
port or at any other, so far as could be
learned, had spoken her. The greatest
fears were entertained. On Tuesday the
agents Of the syndicate sighted the Spaarn-
dam of Fire Island at 10 is O'Clock, and
tho vessel was at once teegraphed from
Fire Island. The first message read: 1.-THE
Spaarndam has bsen sighted off Fire Is.
land" In some way young man who re-
peate1 the message to Oullmans Il Rosen.
baum, OF No. 175 Water street, Z Q largest
house the deal. made mistake and sent
It: 1.-THE Spaarndam Is ashore off Fire
Island" Corrected message cams soon
saving that the steamer was proceeding
without hlnderance. But the excitement
In the interval eau better be rancied than
described.
This Is the largest cargo OF tobacco that
has been brought to this country IN years.
A prominent importer, not In the syndicate,
said this morning that 1t 10 probably the
last Sumatra tobacco that will DO ported
for the next iivs years. "It Ia safe to say"
he continued, THAT within the past 10 days
10000 bales Of Sumatra tobacco reached
New York. 1t was mostly IN small lots.
The Red Star line steamers have been
bringing good deal lately. Ga Thursday
the Lain OF tbs Bremen line, arrived with
a respectable cargo. Ga Saturday the
Majestic brought 800 bales. the largest lot
to come here Id a long period save for the
cargo OF the Spaarndam. This tobacco was
owned by numerous dealers. The most of
the importers were afraid to risk great
deal Of money In this way.