investment. Gray on one occasion got for an axe a quantity of furs worth $8000. The fur-barter would take another six or eight months. Then with hold packed with bales of furs, the ship would square away for Macao or Canton, six or eight months more. In China, the cargo of furs would go out and a cargo of nankeens, teas, and silks go in, with a great margin of profit at both ends. Then away again to Boston, there to sell the proceeds of that three years' "round-up" of the seas, for probably ten times the entire cost of outfitting and subsistence. The glory, fascination, and gain of the ocean were in it, and also its dangers. Of this sufficient witness is found in vanished ships, murdered crews, storm, scurvy, famine, and war. But it was a great age. Gray and Kendrick were as good specimens of their keen, facile, far-sighted countrymen, as Meares and Vancouver were of the self-opinionated, determined, yet withal manly and thorough Britons.
Among other pressing matters, such as looking out for good fur-trade in order to recoup the Boston merchants who had put their good money into the venture, and looking out for the health of their crew, steering clear of the uncharted reefs and avoiding the treacherous natives, Gray and Kendrick remembered that they were also good Americans. They must see that the new Stars and Stripes had their due upon the new coast.
The first voyage of the two Yankee skippers was ended and they set forth for another round in 1791, but with ships exchanged, Gray commanding the Columbia on this second voyage. The year 1792 was now come, and it was a great year in the annals of
