served in that capacity until 1890, when he resigned to become superintendent of the floating equipment of the Norfolk
and Western Railroad Company.
After this fleet was sold, in 1901, he assisted, in 1902, in organizing the Virginia Bank and Trust Company, of which he became cashier, and is now a vice president and a director.—W. H. Stewart
From time immemorial one of the most effective and damaging means resorted to in wars between nations and peoples has been an attack upon the commercial marine of an adversary.
It was a mode of warfare legitimatized by being resorted to all through the ages.
It was adopted by our colonial cruisers during the revolutionary war, and during the war of 1812, 1813 and 1814 seventy-four British merchant vessels were captured by the United States Navy under direct orders from their Navy Department and President Madison
Such depredations only became ‘piratical,’ in the minds of the Federal Government
, when their own interests were jeopardized during our late war. Situated and conditioned as we were when that war began and during its continuance, such means of warfare were peculiarly alluring and suggestive of many and great results.
The Southern Confederacy had no commerce and was at war with the United States
, which had a large commercial marine.
To attack it was not only to inflict heavy pecuniary loss from vessels destroyed, but to force upon them great expense in insurance against these ravages and marine war risks.
Nor was this all. The United States
had a formidable navy with every facility to increase it; utilized most disastrously to the South
by blockading its ports and closing the doors through which to receive, from the outside world, materials and munitions of war, so greatly needed, and, too, in attacking its seaboard cities and towns.
Every cruiser put on the ocean must and did have the effect to divert a force to protect as far as might be their threatened commerce.
But the South
had no vessels of war, nor such as could be converted into cruisers.
The quickest, best and well nigh only way to procure them was by purchase abroad, from the proceeds of sale of their cotton.
Early in the beginning of the war