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 York for Hampton Roads three days after, on the 6th of March.
Intens
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 York for Hampton Roads three days after, on the 6th of March.
s soon, as Stanton's fleet to fight and keep back an iron frigate.
The preparation for an anticipated emergency, which is about as likely to occur in one case as the other, is very striking.
Mr. Chase related to me this incident, which was afterwards, at his request, repeated by the President in the presence of others, to the great annoyance of Mr. Stanton, who never enjoyed the anecdotical humors of the President if at his expense.
The Merrimac was, a few days thereafter — on the 10th of May, while the President and party were at Fortress Monroe-abandoned and destroyed by the rebels themselves.
The large steamers that had awaited her advent, at an expense of several hundred thousand dollars, were discharged, with the exception of the Vanderbilt, which remained a white elephant in the hands of the War Department.
Eventually, she was turned over to the navy, that had declined to purchase and did not want her. She was too large for blockade service, but, as she was to be emplo
nd paying the entire expense out of his own funds, as stated by General Butler, payments were promptly made by the Navy 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 Marc
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, sithird 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 York for Hampton Roads three days after, on the 6th of March.
Intense anxiety was naturally felt by the officials in the