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Edward Alfred Pollard, The lost cause; a new Southern history of the War of the Confederates ... Drawn from official sources and approved by the most distinguished Confederate leaders., Chapter 29: (search)
vourable auspices. One steamer was lost on the coast of Ireland, in coming out; another upon her second trip; but two others, both very superiour steamers, were put upon the line, one or both of which had been paid for by large advances made by Crenshaw & Co., and were running successfully. Under their contract the government was obliged to furnish the whole cargo of cotton for each vessel, but, having failed to do so, and the private parties having been required, against the terms of the cont the private parties interested to enter into large contracts for vessels in England, and to assume heavy obligations to pay for the government interest in them; that there were large quantities of subsistence stores at the Islands, purchased by Crenshaw & Co. for the commissariat, which were much needed by the army, and might spoil if permitted to remain. But the government insisted upon taking the ship. Other vessels were built, and paid for by the credit of the private parties, and by rece