The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-05-21

were fretting and Tuning at the delay and
were anxious to be off to England to load
for some port where war would not inter-
fere with their business. The presence OF
the little American vessel suggested
means Of relief, and through the aid of
couple of Chinese merchants, who were
willing 10 sacrifice their patriotism Tor
English gold, Capt Goldman was asked to
go into the freighung business and trans
ship their cargoes up river to Canton. The
Euglishmen were not in a condition to stick
at "A long price, and for the favor the Mo-
rea received the sum of $l0,500. The brig
was about three weeks in disposing of tins
work, the port of Canton being about a
days sail up the river from Whampoa,
where she had been lying. This made her
owners about $42, 800 richer by two months
work.
Even this was not the end of the luck
of the Morea. After discharging the last
Of the cotton, Capt. Goldman received an
offer of a cargo of tea at a ridiueously
small price, owing 10 the almost absolute
closing of The tea trade by the war The
price at which Capt. Goldman bought the
tea was 10 cents pound, and he took all
he could crowd on board the Morea. Upon
the arrival of the brig In New York every
pound of the cargo was readily disposed or
at not less than As cents pound, maxi
ing for the Cunninghams of Boston, her
owners. Thus In about a years time the
nttle Morea of $50 tons netted for her
owners about 100000.
Although there were plenty of the old
East India merchants Of Boston who We're
not unwilling 10 risk the odium of the
opium trade for The sake of dollars repre-
scented in 1t, despite the fierce denuncia-
tons of the pulpit, there were others who
would have none of It, One of the firms
that religously abstained from il was Cur
tbs & Stevenson. and the sailing orders is
sued by The members OF tho firm to tho
captain and supercargo of the Sarah Par
ker when she sailed from Boston In the
| early '40's were as follows:
1.-THE ship Sarah Parker being now load
| ed and ready for sea, you will proceed to
the harbors ana ports mentioned beyond
the Cape Of Good Hope, sell the cargo, buy
another, and come back to Boston. You
are not 10 take on board a single pound
Of opium, no matter what the profit ac-
cruing from its purchase may be-" This
! last was underscored.
! Chances to enter the East India trade
were eagerly sought for and highly es-
tened The young clerk on departing foI
| the East had his future as clearly mapped
out for him Of he behaved HIMSELF as
could well be. After spending five years
| in China or the archipelago he would re-
Ceive a years vacation to- be spent al
home with full pay, and then, upon re-
| turning to his post, would be promoted tc
the charge Of some small interior station
where he could obtain experience in buying
! and selling on his own account, and gair
| in executive ability. The second five years
Of service were also rewarded by a year.
| vacation at home and the beginning Of III,
III I'd term, always suppOsing that he hat
! gained the confidence and esteem of his
firm, would usually find him the possessol
Of a small interest in the house. After tina
his future progress depended upon him
self. The great houses OF Russell e. Co.
and Oiyphant & Co., with their scores o
clerks and hundreds Of native account
ants and laborers, resembled nothing les
| than great families with each dope "a
vitality Interested IN the success O =,
whole. II was the former house whit
ed a few years ago with liablltie,
10000, showing clearly the enorT :
tent Of its business.
The old houses and the old o. dea,
and gone. The cable and. all thl
great panic of 1851, accOuh1 eor their grad
ual disappearance 70 great degree. ant
the war disposed Of the rest Business an
business conditions of tO-dGy in the Eas
are not much different from those IN tn
United States, with always the exception
that practically none,o of the old America
houses is left there 10 compete with tn
British and German.