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¡ª¡ª¡ª¡ªÎ´ÔĶÁÍꣿ¼ÓÈëÊéÇ©ÒѱãÏ´μÌÐøÔĶÁ£¡
the¡¡several¡¡processes¡¡therein¡¡described¡¡had¡¡been¡¡practised¡¡before¡¡his
time£»¡¡his¡¡merit¡¡chiefly¡¡consisting¡¡in¡¡the¡¡skilful¡¡manner¡¡in¡¡which¡¡he
combined¡¡and¡¡applied¡¡them¡£¡¡¡¡Thus£»¡¡like¡¡the¡¡Craneges£»¡¡he¡¡employed¡¡the
reverberatory¡¡or¡¡air¡¡furnace£»¡¡without¡¡blast£»¡¡and£»¡¡like¡¡Onions£»¡¡he
worked¡¡the¡¡fused¡¡metal¡¡with¡¡iron¡¡bars¡¡until¡¡it¡¡was¡¡brought¡¡into
lumps£»¡¡when¡¡it¡¡was¡¡removed¡¡and¡¡forged¡¡into¡¡malleable¡¡iron¡£¡¡¡¡Cort£»
however£»¡¡carried¡¡the¡¡process¡¡further£»¡¡and¡¡made¡¡it¡¡more¡¡effectual¡¡in
all¡¡respects¡£¡¡¡¡His¡¡method¡¡may¡¡be¡¡thus¡¡briefly¡¡described£º¡¡¡¡the¡¡bottom¡¡of
the¡¡reverberatory¡¡furnace¡¡was¡¡hollow£»¡¡so¡¡as¡¡to¡¡contain¡¡the¡¡fluid
metal£»¡¡introduced¡¡into¡¡it¡¡by¡¡ladles£»¡¡the¡¡heat¡¡being¡¡kept¡¡up¡¡by
pit¡coal¡¡or¡¡other¡¡fuel¡£¡¡¡¡When¡¡the¡¡furnace¡¡was¡¡charged£»¡¡the¡¡doors¡¡were
closed¡¡until¡¡the¡¡metal¡¡was¡¡sufficiently¡¡fused£»¡¡when¡¡the¡¡workman
opened¡¡an¡¡aperture¡¡and¡¡worked¡¡or¡¡stirred¡¡about¡¡the¡¡metal¡¡with¡¡iron
bars£»¡¡when¡¡an¡¡ebullition¡¡took¡¡place£»¡¡during¡¡the¡¡continuance¡¡of¡¡which
a¡¡bluish¡¡flame¡¡was¡¡emitted£»¡¡the¡¡carbon¡¡of¡¡the¡¡cast¡iron¡¡was¡¡burned
off£»¡¡the¡¡metal¡¡separated¡¡from¡¡the¡¡slag£»¡¡and¡¡the¡¡iron£»¡¡becoming
reduced¡¡to¡¡nature£»¡¡was¡¡then¡¡collected¡¡into¡¡lumps¡¡or¡¡loops¡¡of¡¡sizes
suited¡¡to¡¡their¡¡intended¡¡uses£»¡¡when¡¡they¡¡were¡¡drawn¡¡out¡¡of¡¡the¡¡doors
of¡¡the¡¡furnace¡£¡¡¡¡They¡¡were¡¡then¡¡stamped¡¡into¡¡plates£»¡¡and¡¡piled¡¡or
worked¡¡in¡¡an¡¡air¡¡furnace£»¡¡heated¡¡to¡¡a¡¡white¡¡or¡¡welding¡¡heat£»¡¡shingled
under¡¡a¡¡forge¡¡hammer£»¡¡and¡¡passed¡¡through¡¡the¡¡grooved¡¡rollers¡¡after
the¡¡method¡¡described¡¡in¡¡the¡¡first¡¡patent¡£
The¡¡processes¡¡described¡¡by¡¡Cort¡¡in¡¡his¡¡two¡¡patents¡¡have¡¡been¡¡followed
by¡¡iron¡¡manufacturers£»¡¡with¡¡various¡¡modifications£»¡¡the¡¡results¡¡of
enlarged¡¡experience£»¡¡down¡¡to¡¡the¡¡present¡¡time¡£¡¡¡¡After¡¡the¡¡lapse¡¡of
seventy¡eight¡¡years£»¡¡the¡¡language¡¡employed¡¡by¡¡Cort¡¡continues¡¡on¡¡the
whole¡¡a¡¡faithful¡¡description¡¡of¡¡the¡¡processes¡¡still¡¡practised£º¡¡¡¡the
same¡¡methods¡¡of¡¡manufacturing¡¡bar¡¡from¡¡cast¡iron£»¡¡and¡¡of¡¡puddling£»
piling£»¡¡welding£»¡¡and¡¡working¡¡the¡¡bar¡iron¡¡through¡¡grooved
rollersall¡¡are¡¡nearly¡¡identical¡¡with¡¡the¡¡methods¡¡of¡¡manufacture
perfected¡¡by¡¡Henry¡¡Cort¡¡in¡¡1784¡£¡¡¡¡It¡¡may¡¡be¡¡mentioned¡¡that¡¡the
development¡¡of¡¡the¡¡powers¡¡of¡¡the¡¡steam¡engine¡¡by¡¡Watt¡¡had¡¡an
extraordinary¡¡effect¡¡upon¡¡the¡¡production¡¡of¡¡iron¡£¡¡¡¡It¡¡created¡¡a
largely¡¡increased¡¡demand¡¡for¡¡the¡¡article¡¡for¡¡the¡¡purposes¡¡of¡¡the
shafting¡¡and¡¡machinery¡¡which¡¡it¡¡was¡¡employed¡¡to¡¡drive£»¡¡while¡¡at¡¡the
same¡¡time¡¡it¡¡cleared¡¡pits¡¡of¡¡water¡¡which¡¡before¡¡were¡¡unworkable£»¡¡and
by¡¡being¡¡extensively¡¡applied¡¡to¡¡the¡¡blowing¡¡of¡¡iron¡furnaces¡¡and¡¡the
working¡¡of¡¡the¡¡rolling¡mills£»¡¡it¡¡thus¡¡gave¡¡a¡¡still¡¡further¡¡impetus¡¡to
the¡¡manufacture¡¡of¡¡the¡¡metal¡£¡¡¡¡It¡¡would¡¡be¡¡beside¡¡our¡¡purpose¡¡to¡¡enter
into¡¡any¡¡statistical¡¡detail¡¡on¡¡the¡¡subject£»¡¡but¡¡it¡¡will¡¡be¡¡sufficient
to¡¡state¡¡that¡¡the¡¡production¡¡of¡¡iron£»¡¡which¡¡in¡¡the¡¡early¡¡part¡¡of¡¡last
century¡¡amounted¡¡to¡¡little¡¡more¡¡than¡¡12£»000¡¡tons£»¡¡about¡¡the¡¡middle¡¡of
the¡¡century¡¡to¡¡about¡¡18£»000¡¡tons£»¡¡and¡¡at¡¡the¡¡time¡¡of¡¡Cort's
inventions¡¡to¡¡about¡¡90£»000¡¡tons£»¡¡was¡¡found£»¡¡in¡¡1820£»¡¡to¡¡have
increased¡¡to¡¡400£»000¡¡tons£»¡¡and¡¡now¡¡the¡¡total¡¡quantity¡¡produced¡¡is
upwards¡¡of¡¡four¡¡millions¡¡of¡¡tons¡¡of¡¡pig¡iron¡¡every¡¡year£»¡¡or¡¡more¡¡than
the¡¡entire¡¡production¡¡of¡¡all¡¡other¡¡European¡¡countries¡£¡¡¡¡There¡¡is
little¡¡reason¡¡to¡¡doubt¡¡that¡¡this¡¡extraordinary¡¡development¡¡of¡¡the
iron¡¡manufacture¡¡has¡¡been¡¡in¡¡a¡¡great¡¡measure¡¡due¡¡to¡¡the¡¡inventions¡¡of
Henry¡¡Cort¡£¡¡¡¡It¡¡is¡¡said¡¡that¡¡at¡¡the¡¡present¡¡time¡¡there¡¡are¡¡not¡¡fewer
than¡¡8200¡¡of¡¡Cort's¡¡furnaces¡¡in¡¡operation¡¡in¡¡Great¡¡Britain¡¡alone¡£*
¡¡£§footnote¡£¡£¡£
Letter¡¡by¡¡Mr¡£¡¡Truran¡¡in¡¡Mechanic's¡¡Magazine¡£
¡¡¡£¡£¡££§
Practical¡¡men¡¡have¡¡regarded¡¡Cort's¡¡improvement¡¡of¡¡the¡¡process¡¡of
rolling¡¡the¡¡iron¡¡as¡¡the¡¡most¡¡valuable¡¡of¡¡his¡¡inventions¡£¡¡¡¡A¡¡competent
authority¡¡has¡¡spoken¡¡of¡¡Cort's¡¡grooved¡¡rollers¡¡as¡¡of¡¡¡¨high
philosophical¡¡interest£»¡¡being¡¡scarcely¡¡less¡¡than¡¡the¡¡discovery¡¡of¡¡a
new¡¡mechanical¡¡Power£»¡¡in¡¡reversing¡¡the¡¡action¡¡of¡¡the¡¡wedge£»¡¡by¡¡the
application¡¡of¡¡force¡¡to¡¡four¡¡surfaces£»¡¡so¡¡as¡¡to¡¡elongate¡¡a¡¡mass£»
instead¡¡of¡¡applying¡¡force¡¡to¡¡a¡¡mass¡¡to¡¡divide¡¡the¡¡four¡¡surfaces¡£¡¨¡¡¡¡One
of¡¡the¡¡best¡¡authorities¡¡in¡¡the¡¡iron¡¡trade¡¡of¡¡last¡¡century£»¡¡Mr¡£
Alexander¡¡Raby¡¡of¡¡Llanelly£»¡¡like¡¡many¡¡others£»¡¡was¡¡at¡¡first¡¡entirely
sceptical¡¡as¡¡to¡¡the¡¡value¡¡of¡¡Cort's¡¡invention£»¡¡but¡¡he¡¡had¡¡no¡¡sooner
witnessed¡¡the¡¡process¡¡than¡¡with¡¡manly¡¡candour¡¡he¡¡avowed¡¡his¡¡entire
conversion¡¡to¡¡his¡¡views¡£
We¡¡now¡¡return¡¡to¡¡the¡¡history¡¡of¡¡the¡¡chief¡¡author¡¡of¡¡this¡¡great¡¡branch
of¡¡national¡¡industry¡£¡¡¡¡As¡¡might¡¡naturally¡¡be¡¡expected£»¡¡the¡¡principal
ironmasters£»¡¡when¡¡they¡¡heard¡¡of¡¡Cort's¡¡success£»¡¡and¡¡the¡¡rapidity¡¡and
economy¡¡with¡¡which¡¡he¡¡manufactured¡¡and¡¡forged¡¡bar¡iron£»¡¡visited¡¡his
foundry¡¡for¡¡the¡¡purpose¡¡of¡¡examining¡¡his¡¡process£»¡¡and£»¡¡if¡¡found
expedient£»¡¡of¡¡employing¡¡it¡¡at¡¡their¡¡own¡¡works¡£¡¡¡¡Among¡¡the¡¡first¡¡to¡¡try
it¡¡were¡¡Richard¡¡Crawshay¡¡of¡¡Cyfartha£»¡¡Samuel¡¡Homfray¡¡of¡¡Penydarran
£¨both¡¡in¡¡South¡¡Wales£©£»¡¡and¡¡William¡¡Reynolds¡¡of¡¡Coalbrookdale¡£¡¡¡¡Richard
Crawshay¡¡was¡¡then¡¡£¨in¡¡1787£©¡¡forging¡¡only¡¡ten¡¡tons¡¡of¡¡bar¡iron¡¡weekly
under¡¡the¡¡hammer£»¡¡and¡¡when¡¡he¡¡saw¡¡the¡¡superior¡¡processes¡¡invented¡¡by
Cort¡¡he¡¡readily¡¡entered¡¡into¡¡a¡¡contract¡¡with¡¡him¡¡to¡¡work¡¡under¡¡his
patents¡¡at¡¡ten¡¡shillings¡¡a¡¡ton¡¡royalty£»¡¡In¡¡1812¡¡a¡¡letter¡¡from¡¡Mr¡£
Crawshay¡¡to¡¡the¡¡Secretary¡¡of¡¡Lord¡¡Sheffield¡¡was¡¡read¡¡to¡¡the¡¡House¡¡of
Commons£»¡¡descriptive¡¡of¡¡his¡¡method¡¡of¡¡working¡¡iron£»¡¡in¡¡which¡¡he¡¡said£»
¡¨I¡¡took¡¡it¡¡from¡¡a¡¡Mr¡£¡¡Cort£»¡¡who¡¡had¡¡a¡¡little¡¡mill¡¡at¡¡Fontley¡¡in
Hampshire£º¡¡¡¡I¡¡have¡¡thus¡¡acquainted¡¡you¡¡with¡¡my¡¡method£»¡¡by¡¡which¡¡I¡¡am
now¡¡making¡¡more¡¡than¡¡ten¡¡thousand¡¡tons¡¡of¡¡bar¡iron¡¡per¡¡annum¡£¡¨¡¡¡¡Samuel
Homfray¡¡was¡¡equally¡¡prompt¡¡in¡¡adopting¡¡the¡¡new¡¡process¡£¡¡¡¡He¡¡not¡¡only
obtained¡¡from¡¡Cort¡¡plans¡¡of¡¡the¡¡puddling¡furnaces¡¡and¡¡patterns¡¡of¡¡the
rolls£»¡¡but¡¡borrowed¡¡Cort's¡¡workmen¡¡to¡¡instruct¡¡his¡¡own¡¡in¡¡the
necessary¡¡operations£»¡¡and¡¡he¡¡soon¡¡found¡¡the¡¡method¡¡so¡¡superior¡¡to
that¡¡invented¡¡by¡¡Onions¡¡that¡¡he¡¡entirely¡¡confined¡¡himself¡¡to
manufacturing¡¡after¡¡Cort's¡¡patent¡£¡¡¡¡We¡¡also¡¡find¡¡Mr¡£¡¡Reynolds¡¡inviting
Cort¡¡to¡¡conduct¡¡a¡¡trial¡¡of¡¡his¡¡process¡¡at¡¡Ketley£»¡¡though¡¡it¡¡does¡¡not
appear¡¡that¡¡it¡¡was¡¡adopted¡¡by¡¡the¡¡firm¡¡at¡¡that¡¡time¡£*
¡¡£§footnote¡£¡£¡£
In¡¡the¡¡memorandum¡book¡¡of¡¡Wm¡£¡¡¡¡Reynolds¡¡appears¡¡the¡¡following¡¡entry¡¡on
the¡¡subject£º¡¡¡¡
¡¡¡¨Copy¡¡of¡¡a¡¡paper¡¡given¡¡to¡¡H¡£¡¡¡¡Cort£»¡¡Esq¡£
¡¨W¡£¡¡Reynolds¡¡saw¡¡H¡£¡¡C¡£¡¡in¡¡a¡¡trial¡¡which¡¡he¡¡made¡¡at¡¡Ketley£»
Dec¡£¡¡17£»¡¡1784£»¡¡produce¡¡from¡¡the¡¡same¡¡pig¡¡both¡¡cold¡¡short¡¡and¡¡tough¡¡iron
by¡¡a¡¡variation¡¡of¡¡the¡¡process¡¡used¡¡in¡¡reducing¡¡them¡¡from¡¡the¡¡state¡¡of
cast¡iron¡¡to¡¡that¡¡of¡¡malleable¡¡or¡¡bar¡iron£»¡¡and¡¡in¡¡point¡¡of¡¡yield¡¡his
processes¡¡were¡¡quite¡¡equal¡¡to¡¡those¡¡at¡¡Pitchford£»¡¡which¡¡did¡¡not
exceed¡¡the¡¡proportion¡¡of¡¡31¡¡cwt¡£¡¡¡¡to¡¡the¡¡ton¡¡of¡¡bars¡£¡¡¡¡The¡¡experiment
was¡¡made¡¡by¡¡stamping¡¡and¡¡potting¡¡the¡¡blooms¡¡or¡¡loops¡¡made¡¡in¡¡his
furnace£»¡¡which¡¡then¡¡produced¡¡a¡¡cold¡¡short¡¡iron£»¡¡but¡¡when¡¡they¡¡were
immediately¡¡shingled¡¡and¡¡drawn£»¡¡the¡¡iron¡¡was¡¡of¡¡a¡¡black¡¡tough¡£¡¨
The¡¡Coalbrookdale¡¡ironmasters¡¡are¡¡said¡¡to¡¡have¡¡been¡¡deterred¡¡from
adopting¡¡the¡¡process¡¡because¡¡of¡¡what¡¡was¡¡considered¡¡an¡¡excessive
waste¡¡of¡¡the¡¡metalabout¡¡25¡¡per¡¡cent£»though£»¡¡with¡¡greater
experience£»¡¡this¡¡waste¡¡was¡¡very¡¡much¡¡diminished¡£
¡¡¡£¡£¡££§
The¡¡quality¡¡of¡¡the¡¡iron¡¡manufactured¡¡by¡¡the¡¡new¡¡process¡¡was¡¡found
satisfactory£»¡¡and¡¡the¡¡Admiralty¡¡having£»¡¡by¡¡the¡¡persons¡¡appointed¡¡by
them¡¡to¡¡test¡¡it¡¡in¡¡1787£»¡¡pronounced¡¡it¡¡to¡¡be¡¡superior¡¡to¡¡the¡¡best
Oregrounds¡¡iron£»¡¡the¡¡use¡¡of¡¡the¡¡latter¡¡was¡¡thenceforward
discontinued£»¡¡and¡¡Cort's¡¡iron¡¡only¡¡was¡¡directed¡¡to¡¡be¡¡used¡¡for¡¡the
anchors¡¡and¡¡other¡¡ironwork¡¡in¡¡the¡¡ships¡¡of¡¡the¡¡Royal¡¡Navy¡£¡¡¡¡The¡¡merits
of¡¡the¡¡invention¡¡seem¡¡to¡¡have¡¡been¡¡generally¡¡conceded£»¡¡and¡¡numerous
contracts¡¡for¡¡licences¡¡were¡¡entered¡¡into¡¡with¡¡Cort¡¡and¡¡his¡¡partner¡¡by
the¡¡manufacturers¡¡of¡¡bar¡iron¡¡throughout¡¡the¡¡country¡£*
¡¡£§footnote¡£¡£¡£
Mr¡£¡¡Webster£»¡¡in¡¡the¡¡'Case¡¡of¡¡Henry¡¡Cort£»'¡¡published¡¡in¡¡the¡¡Mechanic's
Magazine¡¡£¨2¡¡Dec¡£¡¡1859£©£»¡¡states¡¡that¡¡¡¨licences¡¡were¡¡taken¡¡at¡¡royalties
estimated¡¡to¡¡yield¡¡27£»500L¡£¡¡to¡¡the¡¡owners¡¡of¡¡the¡¡patents¡£¡¨¡¡¡¡¡£¡£¡££§
Cort¡¡himself¡¡made¡¡arrangements¡¡for¡¡carrying¡¡on¡¡the¡¡manufacture¡¡on¡¡a
large¡¡scale£»¡¡and¡¡with¡¡that¡¡object¡¡entered¡¡upon¡¡the¡¡possession¡¡of¡¡a
wharf¡¡at¡¡Gosport£»¡¡belonging¡¡to¡¡Adam¡¡Jellicoe£»¡¡his¡¡partner's¡¡father£»
where¡¡he¡¡succeeded¡¡in¡¡obtaining¡¡considerable¡¡Government¡¡orders¡¡for
iron¡¡made¡¡after¡¡his¡¡patents¡£¡¡¡¡To¡¡all¡¡ordinary¡¡eyes¡¡the¡¡inventor¡¡now
appeared¡¡to¡¡be¡¡on¡¡the¡¡high¡¡road¡¡to¡¡fortune£»¡¡but¡¡there¡¡was¡¡a¡¡fatal
canker¡¡at¡¡the¡¡root¡¡of¡¡this¡¡seeming¡¡prosperity£»¡¡and¡¡in¡¡a¡¡few¡¡years¡¡the
fabric¡¡which¡¡he¡¡had¡¡so¡¡laboriously¡¡raised¡¡crumbled¡¡into¡¡ruins¡£¡¡¡¡On¡¡the
death¡¡of¡¡Adam¡¡Jellicoe£»¡¡the¡¡father¡¡of¡¡Cort's¡¡partner£»¡¡in¡¡August£»
1789£»*
¡¡£§footnote¡£¡£¡£
In¡¡the¡¡'Case¡¡of¡¡Henry¡¡Cort£»'¡¡by¡¡Mr¡£¡¡Webster£»¡¡above¡¡referred¡¡to
£¨Mechanic's¡¡Magazine£»¡¡2¡¡Dec¡£¡¡1859£©£»¡¡it¡¡is¡¡stated¡¡that¡¡Adam¡¡Jellicoe
¡¨committed¡¡suicide¡¡under¡¡the¡¡pressure¡¡of¡¡dread¡¡of¡¡exposure£»¡¨¡¡but¡¡this
does¡¡not¡¡appear¡¡to¡¡be¡¡confirmed¡¡by¡¡the¡¡accounts¡¡in¡¡the¡¡newspapers¡¡of
the¡¡day¡£¡¡¡¡He¡¡died¡¡at¡¡his¡¡private¡¡dwelling¡house£»¡¡No¡£14£»¡¡Highbury
Place£»¡¡Islingtonn£»¡¡on¡¡the¡¡30th¡¡August£»1789£»¡¡after¡¡a¡¡fortnight's
illness¡£
¡¡¡£¡£¡££§
defalcations¡¡were¡¡discovered¡¡in¡¡his¡¡public¡¡accounts¡¡to¡¡the¡¡extent¡¡of
39£»676l¡££»¡¡and¡¡his¡¡books¡¡and¡¡papers¡¡were¡¡immediately¡¡taken¡¡possession
of¡¡by¡¡the¡¡Government¡£¡¡¡¡On¡¡examination¡¡it¡¡was¡¡found¡¡that¡¡the¡¡debts¡¡due
to¡¡Jellicoe¡¡amounted¡¡to¡¡89£»657l£»¡¡included¡¡in¡¡which¡¡was¡¡a¡¡sum¡¡of¡¡not
less¡¡than¡¡54£»853l¡£¡¡¡¡owing¡¡to¡¡him¡¡by¡¡the¡¡Cort¡¡partnership¡£¡¡¡¡In¡¡the
public¡¡investigation¡¡which¡¡afterwards¡¡took¡¡place£»¡¡it¡¡appeared¡¡that
the¡¡capital¡¡possessed¡¡by¡¡Cort¡¡being¡¡insufficient¡¡to¡¡enable¡¡him¡¡to
pursue¡¡his¡¡experiments£»¡¡which¡¡were¡¡of¡¡a¡¡very¡¡expensive¡¡character£»
Adam¡¡Jellicoe¡¡had¡¡advanced¡¡money¡¡from¡¡time¡¡to¡¡time¡¡for¡¡the¡¡purpose£»
securing¡¡himself¡¡by¡¡a¡¡deed¡¡of¡¡agreement¡¡entitling¡¡him¡¡to¡¡one¡half¡¡the
stock¡¡and¡¡profits¡¡of¡¡all¡¡his¡¡contracts£»¡¡and¡¡in¡¡further¡¡consideration
of¡¡the¡¡capital¡¡advanced¡¡by¡¡Jellicoe¡¡beyond¡¡his¡¡equal¡¡share£»¡¡Cort
subsequently¡¡assigned¡¡to¡¡him¡¡all¡¡his¡¡patent¡¡rights¡¡as¡¡collateral
security¡£¡¡¡¡As¡¡Jellicoe¡¡had¡¡the¡¡reputation¡¡of¡¡being¡¡a¡¡rich¡¡man£»¡¡Cort
had¡¡not¡¡the¡¡slightest¡¡suspicion¡¡of¡¡the¡¡source¡¡from¡¡which¡¡he¡¡obtained
the¡¡advances¡¡made¡¡by¡¡him¡¡to¡¡the¡¡firm£»¡¡nor¡¡has¡¡any¡¡connivance¡¡whatever
on¡¡the¡¡part¡¡of¡¡Cort¡¡been¡¡suggested¡£¡¡¡¡At¡¡the¡¡same¡¡time¡¡it¡¡must¡¡be
admitted¡¡that¡¡the¡¡connexion¡¡was¡¡not¡¡free¡¡from¡¡suspicion£»¡¡and£»¡¡to¡¡say
the¡¡least£»¡¡it¡¡was¡¡a¡¡singularly¡¡unfortunate¡¡one¡£¡¡¡¡It¡¡was¡¡found¡¡that
among¡¡the¡¡moneys¡¡advanced¡¡by¡¡Jellicoe¡¡to¡¡Cort¡¡there¡¡was¡¡a¡¡sum¡¡of
27£»500L¡£¡¡entrusted¡¡to¡¡him¡¡for¡¡the¡¡payment¡¡of¡¡seamen's¡¡and¡¡officers'
wages¡£¡¡¡¡How¡¡his¡¡embarrassments¡¡had¡¡tempted¡¡him¡¡to¡¡make¡¡use¡¡of¡¡the
public¡¡funds¡¡for¡¡the¡¡purpose¡¡of¡¡carrying¡¡on¡¡his¡¡speculations£»¡¡appears
from¡¡his¡¡own¡¡admissions¡£¡¡¡¡In¡¡a¡¡memorandum¡¡dated¡¡the¡¡11th¡¡November£»
l782£»¡¡found¡¡in¡¡his¡¡strong¡¡box¡¡after¡¡his¡¡death£»¡¡he¡¡set¡¡forth¡¡that¡¡he
had¡¡always¡¡had¡¡much¡¡more¡¡than¡¡his¡¡proper¡¡balance¡¡in¡¡hand£»¡¡until¡¡his
engagement£»¡¡about¡¡two¡¡years¡¡before£»¡¡with¡¡Mr¡£¡¡Cort£»¡¡¡¨which¡¡by¡¡degrees
has¡¡so¡¡reduced¡¡me£»¡¡and¡¡employed¡¡so¡¡much¡¡more¡¡of¡¡my¡¡money¡¡than¡¡I
expected£»¡¡that¡¡I¡¡have¡¡been¡¡obliged¡¡to¡¡turn¡¡most¡¡of¡¡my¡¡Navy¡¡bills¡¡into
cash£»¡¡and¡¡at¡¡the¡¡same¡¡time£»¡¡to¡¡my¡¡great¡¡concern£»¡¡am¡¡very¡¡deficient¡¡in
my¡¡balance¡£¡¡¡¡This¡¡gives¡¡me¡¡great¡¡uneasiness£»¡¡nor¡¡shall¡¡I¡¡live¡¡or¡¡die