said he would wait for the return of peace, and then come home. The other proceedings of Captain Sowle were equally wrong-headed and unlucky. He was offered one hundred and fifty thousand dollars for the fur he had taken on board at St. Paul's. The goods for which it had been procured cost but twenty-five thousand dollars in New York. Had he accepted this offer, and reinvested the amount in nankeens, which at that time, in consequence of the interruption to commerce by the war, were at two thirds of their usual price, the whole would have brought three hundred thousand dollars in New York. It is true, the war would have rendered it unsafe to attempt the homeward voyage, but he might have put the goods in store at Canton, until after the peace, and have sailed without risk of capture to Astoria; bringing to the partners at that place tidings of the great profits realized on the outward cargo, and the still greater to be expected from the returns. The news of such a brilliant commencement to their undertaking would have counterbalanced the gloomy tidings of the war; it would have infused new spirit into them all, and given them courage and constancy to persevere in the enterprise. Captain Sowle, however, refused the offer of one hundred and fifty thousand dollars, and stood wavering and chaffering for higher terms. The furs began to fall in value; this only increased his irresolution; they sunk so much that he feared to sell at all; he borrowed money on Mr. Astor's account at an interest of eighteen per cent, and laid up his ship to await the return of peace.
In the meanwhile Mr. Hunt soon saw reason to repent the resolution he had adopted in altering the destination of the ship. His delay at the Sandwich Islands was prolonged far beyond all expectation. He looked in vain for the annual ship in the spring. Month after month passed by, and still she did not make her appearance. He, too, proved the danger of departing from orders. Had he returned from St. Paul's to Astoria, all the anxiety and despondency about his fate, and about the whole course of the undertaking, would have been obviated. The Beaver would have received the furs collected at the factory, and taken them to Canton, and great gains, instead of great losses, would have been the result. The greatest blunder, however, was that committed by Captain Sowle.
At length, on the 20th of June, the ship Albatross, Captain Smith, arrived from China, and brought the first tidings of the war to the Sandwich Islands. Mr. Hunt was no longer in doubt
