"Assume that she makes the average four voyages and is lost on the fifth with her cargo, the account would stand thus: Four voyages, profit at $119,000 each, is $476,000, deduct the cost of the steamer, $100,000, and cargo, $100,000, equal $200,000, leaves as profit on four voyages, $276,000.
This estimate of profits is far less, it is not half as great as the figures made by those engaged in the business."
A good look at the business of blockade-running.
The Confederate Navy department assumes complete control of the Selma, Alabama, Iron works and place it under Commander Catesby ap Jones. It became a foundry where Naval guns were cast. Between June 1863 and April 1864, nearly 200 guns were cast there, most of them 6.4-inch and 7-inch Brooke Rifles.
Old B-Runner
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