Captain's prerogative

Eleven hundred dollars or so was a tidy sum at that time but who did it benefit? We could hope that some of the men who made the boxes and rowed around gathering the money would get some return. However, the money was probably kept by the captain for ship's purposes. There would have been more substantial payments to the captain, and flag officer, presumably the C-in-C Pacific, for helping the merchants pull their irons out of the fire.  Prize money had its own rules about how it was distributed, which included some payments to everyone in the ship. The rewards for carrying freight, however, went exclusively to the captain and flag officer; one third to the flag and two thirds to the captain. 

Some rules and 'custom and practice' were used to decide on the proportion of value allocated to the freight rate. Typically it was about 2% of the cargo value. An 1819 proclamation laid down rules on the conveyance of public and private treasure in His Majesty's Ships.  The document, inserted in the Navy List books, indicates that the rate for conveyance from seas beyond the Cape of Good Hope or Cape Horn was 3%.  There is also some mention of the proportion of the spoils should go to the Greenwich Hospital - an agreement which had been ignored of late.  Despite the rules, the captains and flag officers involved would be keen to get their share.

When 'Carysfort' set sail for home carrying the equivalent of one and a quarter million dollars, Captain George H Seymore could look forward to his fee of around 16,600 dollars if his ship were not wrecked or captured. The captains were very pleased to get the opportunity to carry specie; the rates provided very comfortable additions to their earnings.

After 'Carysfort' sailed, 'Constance' was much more active gathering up the next load of treasure. From the 20th of June 1847 to the 6th October of the same year, 'Constance' made seven visits to Mazatlan and five to San Blas. During that time a further one and three quarter million dollars worth of gold, silver and specie was loaded on board the ship. The very last opportunity to load treasure onto 'Constance', was 5th October 1847 at San Blas. Next day the ship headed for Valparaiso. Such was the haste that the two last cargoes did not have time to have their boxes made up and marked. That day, treasure to the value of 506,000 dollars was loaded, too large an amount for a complete count of boxes and value and the box marks were recorded as 'various', in the 'Box Money' book. Since the 'Box Money' accounts book showed that 'Constance' was carrying treasure to the value of one and three quarter million dollars, Captain G W Courtenay had much to be pleased with: the promise of 23,000 dollars at the end of the voyage. That day another stage of the voyage of the 'Constance' began.

H I Blume and Co used 65 boxes containing 130,000 dollars.

Baron Forbes and Co did not have time to count the boxes or have them marked up. The value was 376,000 dollars or more because there was not enough time to count before the ship sailed.

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