316 APPENDIX TO CASE OF GREAT BRITAIN. 
The estimate of cost..........-.. BOO Re ess iS AOI COB AGS $296, 286. 82 
DISCOUNT 2a POU GONUes aeeee = ese ale = cle eee eee ee ee eee 47, 252. 35 
Commissions, &c.,'C. M. Lampson and Co. io 222 t eee. eee eerie do, Clon TO 
HaboOuUr.Or tHE MAULVOS= act nis Soe oleae oc leemmee aoe aie oeisteeis eee 51, 850. 00 
470, 992. 93 
These figures are practically correct, and can be verified, This amounts to within 
88,375 dollars which is estimated, but the estimates are made long enough so that 
any Company obtaining the future lease of these islands can contract in San Francisco 
for this portion of the expense at these figures, and even less. 
Having now found the actual cost, or near the same, of the 100,000 seals, 
285 we will go further and tind what these seals were sold for; we can then deter- 
mine the profit, or near it, for the year 1888 on the 100,000 ’seals. 
The skins, after arriving in London, were sold on the 6th November, 1888, by C. 
M. Lampson and Co., at public sale at the London Commercial Sale Rooms, Mincing 
Lane, as per their catalogue, which can be obtained from all exporters of furs, or 
from all large fur houses in the principal cities of the United States. They were 
sold in lots, the largest lot of which contained 222 skins, and the prices ranged from 
130s. per skin down to 29s. In order to get at the exact amount realized by the sale, 
we have assorted the lots, and find that they brought as follows: 
29 skins brought 130s. each 1, 098 skins brought................... 80s. each. 
120 120s. 360“ esek sae 79s. 
1,293“ = 19a; 78 "| 3 164) Serene 788. 
413 7% 7 118s. ** 360 “ “ “ 
360 sc “cb 117s. ‘ 2, 303 “ “ “a 
1,660 « cL 116s. “ | 24,660 “ “ 
3,298 « x lids. “ | 3,420 « « “ 
2,240 “ “ 114s. * 180 “ 4“ “ 
420 ae ae 113s oe 102 ay oe “ee 
65 “ ‘c 112s. * 206 “ “ “ 
140 “f DE ee 56 ss a 
140 “ “ 109s. 470 “ “ 6 
280 “ ‘i 107s. *& 1,377 “ “c “ 
Boa o: fO5a: 21 ea bose e “ 
140, w 1038. “ | 2741 * “ “ 
142 oe oe 98s. “a 2 769 “a ins “ 
143 “i “ 96s. “ 9,187 “i 4c “ 
60 Ts “ 95s. * 2, 270 “6 “ 
942 “ 94g, * 200 a3 “ “ 
147 “ ee 935. oe ils 054 “ oe “ 
183 “ “ 925, 263 “ “ “ 
8, 200 “ “ 9ls. ‘ 393 “ “ “ 
9, 600 “ rT 90s. 172 “ “ “ 
3, 200 “ “ 89s. * 384 “6 a3 Ts 
177 “ Ts 88s. s 29 “ “ “ 
640 ee ee 85s. “a 31 “ “ es 
368 “ “ 83s. 57 “ “ “ 
944 ce zs 82s. a 16 te ae ae 
180“ us Sis. 
Now, in summing up the different lots, I find that instead of there being only 
100,000 skins, as represented at the beginning of Lampson and Co.’s catalogue, con- 
sisting of 97, 871 Alaska fur-seal skins, salted, and 2,129 Alaska seal skins, dressed 
natural, there was 100,016 skins, which realized 389,911. 3s., which, when reduced 
to United States money on the basis of 4 dol. 84% c. to the pound sterling amounts to 
1,890,094 dol. 29.69 c., thus bringing on an average 18 dol. 89.79 c. per skin. 
Wietound that these'skins broucht-22scsss-sene-e eae eees Sosa eee $1, 890, 094. 2967 
Deductine the total cost of sameziocce case cee cote eee eee eee eee 559, 367. 9300 
Leaves a net profit of ...... sidcan's Saale J ecemee ene eee oeaten REL Oo UMeoeoOng 
for the year 1888. Figuring this as general merchants do, it makes nearly a net 
profit of 238 per cent. on the ec: ipital invested. Talk about your sugar trust, gas 
stock, Water Companies, railroads, &c., this lays them all in the shade in the matter 
of profits. These figures are not mere guess work, but the facts, and any one by 
following the dir ections as specified can find vouchers for all these estimates. 
Having now shown the value of this privilege in a fair and business manner, we 
ask, is it right and just to the business men, merchants, capitalists, and persons of the 
United States who ee é money to invest, and are more than willing to invest where 
there is a reasonable chance for returns, that this privilege should | “be placed at the 
discretion of one man to decide who is the proper person to have this privilege? 
Are we not right in this claim thatif it is placed like any other Government contract 
that 600,000 to 800,000 dollars per year will be offered for this privilege, and by 
parties who will give as good bonds as can be had for the fulfilment of their contract? 
Among the various methods for handling of the fur-seals, one is that the Govern-, 
ment shall take charge of this, and conduct this business so as to derive all the 
