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The Annals of the Civil War Written by Leading Participants North and South (ed. Alexander Kelly McClure), The First iron-clad Monitor. (search)
y Department to Mr. Griswold and his associates, as rapidly, at least, as the work progressed, and was certified to by the supervising agent of the Department; there being an interval of only fifteen or twenty days between each payment, as will be seen by the following from the official record: 1861.-November 15, first payment, $50,000, less 25 per cent$37,500 December 3, second payment, $50,000, less 25 per cent37,500 December 17, third payment, $50,000, less 25 per cent37,500 1862.-January 3, fourth payment, $50,000, less 25 per cent37,500 February 6, fifth payment, $50,000, less 25 cent37,500 March 3, sixth payment, $25,000, less 25 per cent18,750 March 14, last payment, reservations68,750 Total$275,000 Save reservations, which were made in all cases of vessels built by contract, the last payment, on the completion of the battery, was on the 3d of March, and, as time was precious and pressing, she was hastily commissioned, officered, manned, supplied, and left New Yo