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[Page 2]
advanc'd price to those who retail'd it, so that it often happen'd that the original purchasers of the Cargo made out the allotments on paper, & receiv'd from the retailer from 20 to 100 per Cent before the Cargo has been broke up. The Masters of the Merchant Vessels finding this out wish'd to have a share of this profit likewise, & began to sell by Auction, when Simeon Lord commenced Auctioneer. I understood he had five per Cent on the Cargo for selling it, & collecting the Bills, (being answerable they were good ones) it was suppos'd five per Cent was not half his profit. He soon afterwards built a substantial store house capable of containing a large a Cargo, to which he added a good & neat dwelling House, at which a stranger on his arrival might Lodge & Board, or eat by himself, this was so convenient to the Masters & Mates of Merchant Vessels, that Lord got the disposal of most of their investments. In a few years he purchas'd a Spanish prise that had been condemn'd there, & sent her to Bengal for a Cargo. Lord became connected with two me [men?] who were originally Convicts - one whoes name was Underwood was by trade a Shipwright & Boat Builder the other whoes name was Cable, I do not know what trade he was, having been employed as a Constable. These persons fitted up a kind of Naval Yard where they built Vessels as large as 80 Tons, burthen which they