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the¡¡national¡¡enthusiasm£»¡¡doubts£»¡¡perplexities£»¡¡and

fears¡¡began¡¡to¡¡show¡¡themselves¡£

¡¡¡¡¡¡

In¡¡the¡¡States¡¡bordering¡¡upon¡¡Canada¡¡a¡¡reactionary

feeling¡¡became¡¡evident¡£¡¡¡¡Unless¡¡the¡¡United¡¡States¡¡navy

could¡¡prevent¡¡England¡¡from¡¡rapidly¡¡pouring¡¡into¡¡Canada£»

not¡¡only¡¡her¡¡own¡¡troops£»¡¡but¡¡perhaps¡¡those¡¡of¡¡allied

nations£»¡¡these¡¡Northern¡¡States¡¡might¡¡become¡¡the¡¡scene

of¡¡warfare£»¡¡and¡¡whatever¡¡the¡¡issue¡¡of¡¡the¡¡contest£»

their¡¡lands¡¡might¡¡be¡¡ravished£»¡¡their¡¡people¡¡suffer¡£

¡¡¡¡¡¡

From¡¡many¡¡quarters¡¡urgent¡¡demands¡¡were¡¡now¡¡pressed

upon¡¡the¡¡Government¡£¡¡¡¡From¡¡the¡¡interior¡¡there¡¡were

clamours¡¡for¡¡troops¡¡to¡¡be¡¡massed¡¡on¡¡the¡¡Northern

frontier£»¡¡and¡¡from¡¡the¡¡seaboard¡¡cities¡¡there¡¡came¡¡a¡¡cry

for¡¡ships¡¡that¡¡were¡¡worthy¡¡to¡¡be¡¡called¡¡men¡­of¡­war£»

ships¡¡to¡¡defend¡¡the¡¡harbours¡¡and¡¡bays£»¡¡ships¡¡to¡¡repel

an¡¡invasion¡¡by¡¡sea¡£¡¡¡¡Suggestions¡¡were¡¡innumerable¡£¡¡

There¡¡was¡¡no¡¡time¡¡to¡¡build£»¡¡it¡¡was¡¡urged£»¡¡the

Government¡¡could¡¡call¡¡upon¡¡friendly¡¡nations¡£¡¡¡¡But¡¡wise

men¡¡smiled¡¡sadly¡¡at¡¡these¡¡suggestions£»¡¡it¡¡was¡¡difficult

to¡¡find¡¡a¡¡nation¡¡desirous¡¡of¡¡a¡¡war¡¡with¡¡England¡£

¡¡¡¡¡¡

In¡¡the¡¡midst¡¡of¡¡the¡¡enthusiasms£»¡¡the¡¡fears£»¡¡and¡¡the

suggestions£»¡¡came¡¡reports¡¡of¡¡the¡¡capture¡¡of

American¡¡merchantmen¡¡by¡¡fast¡¡British¡¡cruisers¡£¡¡¡¡These

reports¡¡made¡¡the¡¡American¡¡people¡¡more¡¡furious£»¡¡the

American¡¡Government¡¡more¡¡anxious¡£

¡¡¡¡¡¡

Almost¡¡from¡¡the¡¡beginning¡¡of¡¡this¡¡period¡¡of

national¡¡turmoil£»¡¡a¡¡party¡¡of¡¡gentlemen¡¡met¡¡daily¡¡in¡¡one

of¡¡the¡¡large¡¡rooms¡¡in¡¡a¡¡hotel¡¡in¡¡New¡¡York¡£¡¡¡¡At¡¡first

there¡¡were¡¡eleven¡¡of¡¡these¡¡men£»¡¡all¡¡from¡¡the¡¡great

Atlantic¡¡cities£»¡¡but¡¡their¡¡number¡¡increased¡¡by¡¡arrivals

from¡¡other¡¡parts¡¡of¡¡the¡¡country£»¡¡until¡¡at¡¡last¡¡they£»

numbered¡¡twenty¡­three¡£¡¡¡¡These¡¡gentlemen¡¡were¡¡all¡¡great

capitalists£»¡¡and¡¡accustomed¡¡to¡¡occupying¡¡themselves

with¡¡great¡¡enterprises¡£¡¡¡¡By¡¡day¡¡and¡¡by¡¡night¡¡they¡¡met

together¡¡with¡¡closed¡¡doors£»¡¡until¡¡they¡¡had¡¡matured¡¡the

scheme¡¡which¡¡they¡¡had¡¡been¡¡considering¡£¡¡¡¡As¡¡soon¡¡as

this¡¡work¡¡was¡¡done£»¡¡a¡¡committee¡¡was¡¡sent¡¡to¡¡Washington£»

to¡¡submit¡¡a¡¡plan¡¡to¡¡the¡¡Government¡£

¡¡¡¡¡¡

These¡¡twenty¡­three¡¡men¡¡had¡¡formed¡¡themselves¡¡into¡¡a

Syndicate£»¡¡with¡¡the¡¡object¡¡of¡¡taking¡¡entire¡¡charge¡¡of

the¡¡war¡¡between¡¡the¡¡United¡¡States¡¡and¡¡Great¡¡Britain¡£

¡¡¡¡¡¡

This¡¡proposition¡¡was¡¡an¡¡astounding¡¡one£»¡¡but¡¡the

Government¡¡was¡¡obliged¡¡to¡¡treat¡¡it¡¡with¡¡respectful

consideration¡£¡¡¡¡The¡¡men¡¡who¡¡offered¡¡it¡¡were¡¡a¡¡power

in¡¡the¡¡land£»a¡¡power¡¡which¡¡no¡¡government¡¡could¡¡afford

to¡¡disregard¡£

¡¡¡¡¡¡

The¡¡plan¡¡of¡¡the¡¡Syndicate¡¡was¡¡comprehensive£»

direct£»¡¡and¡¡simple¡£¡¡¡¡It¡¡offered¡¡to¡¡assume¡¡the¡¡entire

control¡¡and¡¡expense¡¡of¡¡the¡¡war£»¡¡and¡¡to¡¡effect¡¡a

satisfactory¡¡peace¡¡within¡¡one¡¡year¡£¡¡¡¡As¡¡a¡¡guarantee

that¡¡this¡¡contract¡¡would¡¡be¡¡properly¡¡performed£»¡¡an

immense¡¡sum¡¡of¡¡money¡¡would¡¡be¡¡deposited¡¡in¡¡the¡¡Treasury

at¡¡Washington¡£¡¡¡¡Should¡¡the¡¡Syndicate¡¡be¡¡unsuccessful£»

this¡¡sum¡¡would¡¡be¡¡forfeited£»¡¡and¡¡it¡¡would¡¡receive¡¡no

pay¡¡for¡¡anything¡¡it¡¡had¡¡done¡£

¡¡¡¡¡¡

The¡¡sum¡¡to¡¡be¡¡paid¡¡by¡¡the¡¡Government¡¡to¡¡the

Syndicate£»¡¡should¡¡it¡¡bring¡¡the¡¡war¡¡to¡¡a¡¡satisfactory

conclusion£»¡¡would¡¡depend¡¡upon¡¡the¡¡duration¡¡of

hostilities¡£¡¡¡¡That¡¡is¡¡to¡¡say£»¡¡that¡¡as¡¡the¡¡shorter¡¡the

duration¡¡of¡¡the¡¡war£»¡¡the¡¡greater¡¡would¡¡be¡¡the¡¡benefit

to¡¡the¡¡country£»¡¡therefore£»¡¡the¡¡larger¡¡must¡¡be¡¡the¡¡pay

to¡¡the¡¡Syndicate¡£¡¡¡¡According¡¡to¡¡the¡¡proposed¡¡contract£»

the¡¡Syndicate¡¡would¡¡receive£»¡¡if¡¡the¡¡war¡¡should¡¡continue

for¡¡a¡¡year£»¡¡one¡­quarter¡¡the¡¡sum¡¡stipulated¡¡to¡¡be¡¡paid

if¡¡peace¡¡should¡¡be¡¡declared¡¡in¡¡three¡¡months¡£

¡¡¡¡¡¡

If¡¡at¡¡any¡¡time¡¡during¡¡the¡¡conduct¡¡of¡¡the¡¡war¡¡by¡¡the

Syndicate¡¡an¡¡American¡¡seaport¡¡should¡¡be¡¡taken¡¡by

the¡¡enemy£»¡¡or¡¡a¡¡British¡¡force¡¡landed¡¡on¡¡any¡¡point¡¡of

the¡¡seacoast£»¡¡the¡¡contract¡¡should¡¡be¡¡considered¡¡at¡¡an

end£»¡¡and¡¡security¡¡and¡¡payment¡¡forfeited¡£¡¡¡¡If¡¡any¡¡point

on¡¡the¡¡northern¡¡boundary¡¡of¡¡the¡¡United¡¡States¡¡should¡¡be

taken¡¡and¡¡occupied¡¡by¡¡the¡¡enemy£»¡¡one¡¡million¡¡dollars¡¡of

the¡¡deposited¡¡security¡¡should¡¡be¡¡forfeited¡¡for¡¡every

such¡¡occupation£»¡¡but¡¡the¡¡contract¡¡should¡¡continue¡£

¡¡¡¡¡¡

It¡¡was¡¡stipulated¡¡that¡¡the¡¡land¡¡and¡¡naval¡¡forces¡¡of

the¡¡United¡¡States¡¡should¡¡remain¡¡under¡¡the¡¡entire

control¡¡of¡¡the¡¡Government£»¡¡but¡¡should¡¡be¡¡maintained¡¡as

a¡¡defensive¡¡force£»¡¡and¡¡not¡¡brought¡¡into¡¡action¡¡unless

any¡¡failure¡¡on¡¡the¡¡part¡¡of¡¡the¡¡Syndicate¡¡should¡¡render

such¡¡action¡¡necessary¡£

¡¡¡¡¡¡

The¡¡state¡¡of¡¡feeling¡¡in¡¡governmental¡¡circles£»¡¡and

the¡¡evidences¡¡of¡¡alarm¡¡and¡¡distrust¡¡which¡¡were¡¡becoming

apparent¡¡in¡¡Congress¡¡and¡¡among¡¡the¡¡people£»¡¡exerted¡¡an

important¡¡influence¡¡in¡¡favour¡¡of¡¡the¡¡Syndicate¡£¡¡¡¡The

Government¡¡caught¡¡at¡¡its¡¡proposition£»¡¡not¡¡as¡¡if¡¡it¡¡were

a¡¡straw£»¡¡but¡¡as¡¡if¡¡it¡¡were¡¡a¡¡life¡­raft¡£¡¡¡¡The¡¡men¡¡who

offered¡¡to¡¡relieve¡¡the¡¡executive¡¡departments¡¡of¡¡their

perilous¡¡responsibilities¡¡were¡¡men¡¡of¡¡great¡¡ability£»

prominent¡¡positions£»¡¡and¡¡vast¡¡resources£»¡¡whose

vast¡¡enterprises¡¡had¡¡already¡¡made¡¡them¡¡known¡¡all¡¡over

the¡¡globe¡£¡¡¡¡Such¡¡men¡¡were¡¡not¡¡likely¡¡to¡¡jeopardize

their¡¡reputations¡¡and¡¡fortunes¡¡in¡¡a¡¡case¡¡like¡¡this£»

unless¡¡they¡¡had¡¡well¡­founded¡¡reasons¡¡for¡¡believing¡¡that

they¡¡would¡¡be¡¡successful¡£¡¡¡¡Even¡¡the¡¡largest¡¡amount

stipulated¡¡to¡¡be¡¡paid¡¡them¡¡in¡¡case¡¡of¡¡success¡¡would¡¡be

less¡¡than¡¡the¡¡ordinary¡¡estimates¡¡for¡¡the¡¡military¡¡and

naval¡¡operations¡¡which¡¡had¡¡been¡¡anticipated£»¡¡and¡¡in

case¡¡of¡¡failure£»¡¡the¡¡amount¡¡forfeited¡¡would¡¡go¡¡far¡¡to

repair¡¡the¡¡losses¡¡which¡¡might¡¡be¡¡sustained¡¡by¡¡the

citizens¡¡of¡¡the¡¡various¡¡States¡£

¡¡¡¡¡¡

At¡¡all¡¡events£»¡¡should¡¡the¡¡Syndicate¡¡be¡¡allowed¡¡to

take¡¡immediate¡¡control¡¡of¡¡the¡¡war£»¡¡there¡¡would¡¡be¡¡time

to¡¡put¡¡the¡¡army¡¡and¡¡navy£»¡¡especially¡¡the¡¡latter£»¡¡in

better¡¡condition¡¡to¡¡carry¡¡on¡¡the¡¡contest¡¡in¡¡case¡¡of¡¡the

failure¡¡of¡¡the¡¡Syndicate¡£¡¡¡¡Organization¡¡and

construction¡¡might¡¡still¡¡go¡¡on£»¡¡and£»¡¡should¡¡it¡¡be

necessary£»¡¡the¡¡army¡¡and¡¡navy¡¡could¡¡step¡¡into¡¡the

contest¡¡fresh¡¡and¡¡well¡¡prepared¡£

¡¡¡¡¡¡

All¡¡branches¡¡of¡¡the¡¡Government¡¡united¡¡in¡¡accepting

the¡¡offer¡¡of¡¡the¡¡Syndicate¡£¡¡¡¡The¡¡contract¡¡was¡¡signed£»

and¡¡the¡¡world¡¡waited¡¡to¡¡see¡¡what¡¡would¡¡happen¡¡next¡£



The¡¡influence¡¡which¡¡for¡¡years¡¡had¡¡been¡¡exerted¡¡by

the¡¡interests¡¡controlled¡¡by¡¡the¡¡men¡¡composing¡¡the

Syndicate£»¡¡had¡¡its¡¡effect¡¡in¡¡producing¡¡a¡¡popular

confidence¡¡in¡¡the¡¡power¡¡of¡¡the¡¡members¡¡of¡¡the¡¡Syndicate

to¡¡conduct¡¡a¡¡war¡¡as¡¡successfully¡¡as¡¡they¡¡had¡¡conducted

other¡¡gigantic¡¡enterprises¡£¡¡¡¡Therefore£»¡¡although

predictions¡¡of¡¡disaster¡¡came¡¡from¡¡many¡¡quarters£»¡¡the

American¡¡public¡¡appeared¡¡willing¡¡to¡¡wait¡¡with¡¡but

moderate¡¡impatience¡¡for¡¡the¡¡result¡¡of¡¡this¡¡novel

undertaking¡£

¡¡¡¡¡¡

The¡¡Government¡¡now¡¡proceeded¡¡to¡¡mass¡¡troops¡¡at

important¡¡points¡¡on¡¡the¡¡northern¡¡frontier£»¡¡forts¡¡were

supplied¡¡with¡¡men¡¡and¡¡armaments£»¡¡all¡¡coast¡¡defences

were¡¡put¡¡in¡¡the¡¡best¡¡possible¡¡condition£»¡¡the¡¡navy¡¡was

stationed¡¡at¡¡important¡¡ports£»¡¡and¡¡work¡¡at¡¡the¡¡ship¡­

yards¡¡went¡¡on¡£¡¡¡¡But¡¡without¡¡reference¡¡to¡¡all¡¡this£»¡¡the

work¡¡of¡¡the¡¡Syndicate¡¡immediately¡¡began¡£

¡¡¡¡¡¡

This¡¡body¡¡of¡¡men¡¡were¡¡of¡¡various¡¡politics¡¡and¡¡of

various¡¡pursuits¡¡in¡¡life¡£¡¡¡¡But¡¡politics¡¡were¡¡no¡¡more

regarded¡¡in¡¡the¡¡work¡¡they¡¡had¡¡undertaken¡¡than¡¡they

would¡¡have¡¡been¡¡in¡¡the¡¡purchase¡¡of¡¡land¡¡or¡¡of¡¡railroad

iron¡£¡¡¡¡No¡¡manifestoes¡¡of¡¡motives¡¡and¡¡intentions¡¡were

issued¡¡to¡¡the¡¡public¡£¡¡¡¡The¡¡Syndicate¡¡simply¡¡went¡¡to

work¡£¡¡¡¡There¡¡could¡¡be¡¡no¡¡doubt¡¡that¡¡early¡¡success

would¡¡be¡¡a¡¡direct¡¡profit¡¡to¡¡it£»¡¡but¡¡there¡¡could¡¡also¡¡be

no¡¡doubt¡¡that¡¡its¡¡success¡¡would¡¡be¡¡a¡¡vast¡¡benefit¡¡and

profit£»¡¡not¡¡only¡¡to¡¡the¡¡business¡¡enterprises¡¡in¡¡which

these¡¡men¡¡were¡¡severally¡¡engaged£»¡¡but¡¡to¡¡the¡¡business

of¡¡the¡¡whole¡¡country¡£¡¡¡¡To¡¡save¡¡the¡¡United¡¡States¡¡from¡¡a

dragging¡¡war£»¡¡and¡¡to¡¡save¡¡themselves¡¡from¡¡the¡¡effects

of¡¡it£»¡¡were¡¡the¡¡prompting¡¡motives¡¡for¡¡the¡¡formation¡¡of

the¡¡Syndicate¡£



Without¡¡hesitation£»¡¡the¡¡Syndicate¡¡determined¡¡that

the¡¡war¡¡in¡¡which¡¡it¡¡was¡¡about¡¡to¡¡engage¡¡should¡¡be¡¡one

of¡¡defence¡¡by¡¡means¡¡of¡¡offence¡£¡¡¡¡Such¡¡a¡¡war¡¡must

necessarily¡¡be¡¡quick¡¡and¡¡effective£»¡¡and¡¡with¡¡all¡¡the

force¡¡of¡¡their¡¡fortunes£»¡¡their¡¡minds£»¡¡and¡¡their¡¡bodies£»

its¡¡members¡¡went¡¡to¡¡work¡¡to¡¡wage¡¡this¡¡war¡¡quickly¡¡and

effectively¡£



All¡¡known¡¡inventions¡¡and¡¡improvements¡¡in¡¡the¡¡art¡¡of

war¡¡had¡¡been¡¡thoroughly¡¡considered¡¡by¡¡the¡¡Syndicate£»

and¡¡by¡¡the¡¡eminent¡¡specialists¡¡whom¡¡it¡¡had¡¡enlisted¡¡in

its¡¡service¡£¡¡¡¡Certain¡¡recently¡¡perfected¡¡engines¡¡of

war£»¡¡novel¡¡in¡¡nature£»¡¡were¡¡the¡¡exclusive¡¡property¡¡of

the¡¡Syndicate¡£¡¡¡¡It¡¡was¡¡known£»¡¡or¡¡surmised£»¡¡in¡¡certain

quarters¡¡that¡¡the¡¡Syndicate¡¡had¡¡secured¡¡possession¡¡of

important¡¡warlike¡¡inventions£»¡¡but¡¡what¡¡they¡¡were


and¡¡how¡¡they¡¡acted¡¡was¡¡a¡¡secret¡¡carefully¡¡guarded¡¡and

protected¡£



The¡¡first¡¡step¡¡of¡¡the¡¡Syndicate¡¡was¡¡to¡¡purchase

from¡¡the¡¡United¡¡States¡¡Government¡¡ten¡¡war¡­vessels¡£¡¡

These¡¡were¡¡of¡¡medium¡¡size¡¡and¡¡in¡¡good¡¡condition£»¡¡but

they¡¡were¡¡of¡¡an¡¡old¡­fashioned¡¡type£»¡¡and¡¡it¡¡had¡¡not¡¡been

considered¡¡expedient¡¡to¡¡put¡¡them¡¡in¡¡commission¡£¡¡¡¡This

action¡¡caused¡¡surprise¡¡and¡¡disappointment¡¡in¡¡many

quarters¡£¡¡¡¡It¡¡had¡¡been¡¡supposed¡¡that¡¡the¡¡Syndicate£»

through¡¡its¡¡agents¡¡scattered¡¡all¡¡over¡¡the¡¡world£»¡¡would

immediately¡¡acquire£»¡¡by¡¡purchase¡¡or¡¡lease£»¡¡a¡¡fleet¡¡of

fine¡¡ironclads¡¡culled¡¡from¡¡various¡¡maritime¡¡powers¡£¡¡

But¡¡the¡¡Syndicate¡¡having¡¡no¡¡intention¡¡of¡¡involving£»¡¡or

attempting¡¡to¡¡involve£»¡¡other¡¡countries¡¡in¡¡this¡¡quarrel£»

paid¡¡no¡¡attent

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