5^ 
CT. 20, 
"At this time of the yett, whik cotton; is Ifeiijg -picked, 
there is much demand for pork from laborers in the 
South. Sir 1 homas has been taking the pork from the 
barrels, where the product has been already delivered to 
him, and cuttmg it up into 'pork strips.' These are 
packed m salt loosely in freight cars and so shipped away. 
For instance, the Chicago Daily Trade Bulletin, which 
estimated the short interest on Sept. 28 to be 75,000 bar- 
rels, reports a sale of 300,ooolbs. of 'pork strips' on Oct. 
$5, and subsequent sales have been heavy. I learn through 
trade channels that most of these are sales for the Lipton 
interest. i 
"There are 20olbs. of pork in a barrel.. He might sell 
the contents of a barrel which cost him $12 at 6^4 cents 
a pound as 'pork strips,' or $13 for the lot, and make $x 
profit, besides having the empty barrel.- Then the men 
who have contracted to sell him pork which they cannot 
deliver may also have to pay him a profit on each barrel 
to settle their contracts. This profit may be far larger. 
"When Joseph Leiter engineered his corner in wheat he 
ran against a snag, because wheat was delivered to him 
at a ra,e beyond his calculations. Thci,t cannot happen in 
the pork market. The whereabouts of the pork is too well 
known. Nor can fresh pork be provided for delivery this 
month by killing new hogs, because it takes thirty or forty 
days to cure pork." 
It is perhaps but fair to give Sir Thomas Lipton's side 
of the mater, told in an interview in London and 
cabled to New York: . ! 
"My purchases of pork have now given me control of 
Ihe American market, as I hold virtually the entire supply. 
But I wish it distinctly understood there is no comer. I 
have not bought with any speculative intent. I never, 
planned a corner nor ever intended to attempt one. De- 
sirous as I am of making money, I would not take a single 
dollar otherwise than through legitimate business channels. 
"If this present state of the pork market should in any 
way reflect on my business honesty or work injury to 
people in America, I would immediately let go. My 
present holdings are largely the result of an accident. My 
trade growing, it became necessary to lay in a supply for 
contracts and future orders. Under orders my agents 
began buying largely, not speculatively, but for purely 
legitimate purposes. 
"I intend my entire holdings foV filling the orders of 
dealers and merchants with whom I do business, not for 
the purpose of squeezing any speculator on the Chicago 
Board of Trade. I am sorry indeed to have the impres- 
sion circulated in America that I am working a corner. 
That is not the Lipton way of doing business; it is not 
legitimate. 
"I would rather sacrifice e^i^ery jpenny than do. an un- 
scrupulous or. dishonest act. Do not mistake me. If my 
transactions should affect Chicago speculators and catch 
some of them short I should not feel called upon to re- 
lieve them, but I would drop the whole business if I 
thought I was doing anything unfair, dishonest or work- 
ing injury to the copntry. 
"Please say to the American people that I intend no 
corner, no squeeze no speculation on the Board of Trade, 
I am doing only a legitimate business as any merchant 
does." 
The news of the pork transaction preceded that of the 
new challenge by a day or two, the latter information, to 
the effect that a challenge was on its way by the Germanic, 
reaching New York on Wednesday of last week. On the 
following day Sir Thomas, in London, kindly gave the 
following interview: ■■' ' 
"My rei^pect and affection for the New York Y. C, 
which I regard as the premier yacht club of the world, pre- 
vents me from saying anything about my challenge, except 
that it is not at all controversial and that I have every 
reason to hope it will be promptly accepted. I do not 
quite know how the news leaked out, for I have not 
challenged by cable, and the leitter containing the challenge 
is probably only just delivered. As a matter of courtesy 
I desire that the contents of the letter be given out by 
the New York Y. C, ra.her than by myself. 
"Yes, I have every reason to believe I stand a good 
chance of winning, for I would not challenge unless sure 
I could get a better boat than my last. Moreover I know 
I have got to get the very best going in order to achieve 
a triumph over the wonderful energy and skill of the 
Americans, for which no one has- greater admiration than 
I. Realizing this, I have been working steadily for months 
to perfect my arrangements. 
"I now believe that both the boat &nd the men next 
contesting for the America Cup will be an improvement 
over my first atiempt. t .., ; ' 
"What will the challenger be called? " Why; Shamrock 
is good enough for me, and I will sink or swim on that. 
I have secured a man who- is universally admitted to be 
the best skipper on this side — an amkteur, who stands 
easily ahead of his fellows. I can't j:ell his name just 
yet. and, naturally, I cannot say much ibout the boat. 
"But races that w'll rival the actual Cup races in keen- 
ness of interest will be the trial contests between the boat 
which Watson is designing for me and the old Shamrock, 
%hh the alterations Fife is contemplating for the latter. 
Both designers, the best in England, 'will be on board 
their respective boats, and I can guarantee the one that 
■vr'ms will give you, at any rate, a close race. 
"J look forward with intense pleasure to revisiting the 
scene of my former defeat. I could ask for no better op- 
ponent than Mr. Iselin. though whether he will again man- 
age the defender, of course, I don't know. I rather hope 
he will for then the conditions will be inore parallel with 
those of last year." 
The Gcmianic arrived on Oct. 12, and the challenge was 
duly delivered by mail at the New York- Y. C. bouse, a 
special n^eetins; heme called for. Wednesday, Oct. 17, to' 
.receive it. until .which meeting it .wiir be .kept- p^vate. It 
is. practically assured that .the new/xacht wilj be' designed- 
by- Mr.r Wafc.^n. .narned. Sh"aJiH"Oe.k n.',_a;tid"w^ Ipk afrgoU.' 
• I.w.i. • Of course all Tiinds. of. Te.p.OTt^ ''are cur^^ to.' 
.new boats- to -he built b.y . Various. ^prominent' iyacHtsmeii . 
. ar-ssociated with the 7oftl clas|. :<5n€. rep6rris jto :tTte effect 
that Mr. Duryea has" already disposed of his. intierest in 
Yankee.. : .- " 
The FoSiEST AND STSteAM is trtit to presa eacji w^efc •<)a Tjiesday,; • 
Correspondence intended for (niWication shoald "Teach' -lis-, at the- 
latest by Monday and aa much earlier «• practicable. 
Richard L. Ogden« 
On the 3d of this month there passed from among us 
one who m his time had played many pleasant parts. 
"Jfodgers," or, as he was more affectionately styled by 
his intimates, "Captain Dick," had seen much of the world 
in its happiest and brightest aspects, and thougli of late 
years the "grass had grown a little short,"itwa3 no dilticult 
matter to s^art the bright How of his reminiscences on 
any fitting occasion. 
Although an intimate friend of Capt. Dick all my life, 
I find myself unable to give a single date in his career, 
and must perforce make this httie sketch somewhat in- 
definite, but he had in some way, under the wing of an 
elder brother, as a boy, seen something of the war with 
Mexico, had visited Chili in pursuit of flour for the 
army, and Patagonia to pass away the time while waiting 
for it. About 1850 he was head of a firm running a line of 
ships' to China, from whence came gorgeous toys for 
my amusement, and vases and things for the garden 
worth now fabul.ous sums, but which I fear we none of 
us set much store by then. 
Later he made several trips to Europe on mingled 
business and pleasure, and the breaking out of the Civil 
War found him a clerk in the Quartermaster's depart- 
ment at this post. He received a commission as first 
lieutenant, was promoted captain, and in the course of his 
experience as quartermaster came in contact with many, 
if not most, of the celebrities of the day, such as Grant, 
Sherman and Sheridan, winning by his tact and courtesy 
golden opinions from every one. At, the close of the 
war he was persuaded by Ralston to res.gn and go into 
business — a great mistake, as he often afterwards ac- 
knowledged. 
As a sportsman Capt. Dick was an unqtiestioned suc- 
cess, not for the number of his birds or his fish, but the 
number of matchless guns he could and did provide for 
his friends; the rods and reels without number, and all 
of the first quality, and the fact that hunting, 'fishing, 
horse racing or yachting was with him truly sport, and 
absolutely free from any taint of commercialism or job- 
bery. There were many who shot straighter, but none 
who shot more honestly; there were better sailors, but 
no truer yachtsmen. In his prosperity his keenest 
pleasure seemed to be in fiUing his yacht chock-a-block 
with the pleasantest people he could find and filling 
those people with the "best the market afforded." 
He was the originator of the San Francisco Yacht 
Cltib, which was organized in his oftice, one evening, by 
himself and some six or eight other gentlemen, and he 
might almost be said to be the originator— certainly the 
organizer of yachting on this coast, since he was the 
first (with perhaps the exception of Com. Johh Eckley) 
to indulge in yachting as a sport pure and simple, entirely 
disassociated from all thought of profit save that which 
comes from bronzed faces and regenerated appetites. 
For many years he was a correspondent of the N. Y. 
Times, ' arid the readers of Forest and Stream have 
often been entertained by him and his arguments in favor 
of- centerboards and beam, of which he, was a most pro- 
nounced advocate. 
There are among us many, I am sure, who will say 
with me that the favors for which we are indebted to 
Capt. Dick were many and great, and who will for the 
real affection I bore him pardon the shortcomings of 
this imperfect tribute to his memory: 
*** 
Britannia. 
It is gratifying to know that after ending her career as a 
racer the cutter Britannia has at it^jt fallen into the 
hands of a yachtsman who will ajppreciate and use her as 
she deserved. It will be remembered ihat several years 
ago she fell into the hands of a couple of "promoters," 
Ignorant of yachting and unfit to own such a vessel. The 
most remarkable point about Britannia is that though 
built as late as 1893, and raced up to last year, she has 
from the first been fi.ted up as a cruising vacht instead of 
being built and raced wich "swept hold," like most if not 
all her competitors. In her regular racing she was fitted 
and furnished for comfortable living on board. The fol- 
lowing record of her racing is from the Field: 
The sale of the Prince of Wales' cutter Britannia to 
Sir R. Williams Bulkeley, and the report that her racing 
career is now at an end and that she will be converted into 
a ketch, brings to our recollection the many classic races 
won by the vessel under the flag of the Commodore of the 
Royal Yacht Squadron. Britannia was built in 1893 by 
Messrs. D. & W. Henderson, of Glasgow, from lines by 
Mr. G. L. Watson, and she was, with Valkyrie H.. which 
was constructed the same year, the best all-round racing 
yacht launched in this country under the old Y. R. A 
I L. X S. A ^, 
rating rule, — 57^33" • She., was not outclassed until the 
rule was changed in 1896, and the German Emperor's 
Meteor, another Watson boat, built on the Clyde, made 
her appearance. In the year 1893 no less than four first- 
class cutters were built— Britannia, Valkyrie IL, Satanita 
and Calluna — and the racing season was one of the finest 
ever recorded in this country. A great advance was made 
in yacht architecture, and the four magnificent vessels were 
designed upon principles distinct from those that had been 
hitherto adopted in first-class racing yachts. Queen Mab, 
a 40-rater built in 1892. was to a great extent a prototype 
. of Britannia and Valkyrie, and all the new boats had the 
shallow sectioned pram bow and the concave longitudinal 
vertical section strongly developed. Britannia's record 
has never been equaled by any vessel ; Valkyrie will he 
chiefly remembered for her visit to America in 1893. when 
she .\\^a.s beaten by. Vigilant in' the America Cup"^ races; 
Sa-ta'ni.ta )va% noted for her remarkable speed on a reach 
■ iij^ .strpng winds ;' . while .Calluna alone proved only a quali-' 
■...6'efl Jsiipc^ss; ;l|oremo.s-t. .among the performances of the: 
.■,P.dn"ce -o.f:'W^.les' cutter triav be' cla'^sed her victories over . 
...the AjpVrjcati .yachts Navahoe and Vigilant in -1893 and 
1894 respectively; the first named never ga've ■serious 
- trouble to Bri.tahnia. _but Vigilant came adrncs the Atlantic 
. with a^gt'eat reputation'," having defeated Valkyrie, which 
^■^.as ■geperally ..regarded m . this_ country as Britannia's 
.equal..; Sfraiiige to say, when ■ Britannia met- Vigilant the 
former won eleven races and Vigilant only six. 
We append a table showing the prizes won by the PrinCjC 
with his famous veisseir -' 
Number of First Other Total Value. 
Starts. Prizes. Prizes. Prizes. i. " 
1893 43 24 9 33 1,572 
1894 ...48 36 2 38 2,799 
1895 50 38 2 40 3,040 
1896 58 " : 14 10 24 1,562 
1897 20 10 2 12 1,000 
1898 ......... -Not in commission, 
1899 ......... 7 ., .. 
Total .. 226 122 25 147 9,973 
It will be- noticed from this record that His Royal Hij^h- 
ness got the utmost out of the yacht, and only parted with 
her after a change in the rating rule and an alteration in 
the scale of time allowances — both were introduced by the 
Yacht Racing Association in 1896 — combined with the im- 
provement in yacht construction and design that is botind 
to take place in seven seasons, had made it impossible for 
Britannia to race successfully in first-class matches. 
Britannia.' be'sides being a thoroughly well-designed and 
well-handled vessel, was also a lucky one, and it is the 
wish of every yachtsman that the luck may not desert the 
red and blue flag with the white Aeur de lys, should the 
Prince of Wale.s decide to build another first-class racer. 
The Keel Sloop Flirt. 
Special interest is given to the plans of the keel sloop 
Flirt, the first of which were published last week, by the 
fact that she has been matched to sail against the centet- 
board 25-footer Early Dawn for a stake of $1,000, the 
races to take place on Oct. 20, 22 and 24. The accommo- 
dation and construction are fully shown in the accom- 
panying plans; there is all in the way of room that can 
be looked for in this extreme type. The construction is 
simple and strong in the general arrangement of the 
principal members. The following details of the match 
are given by the Boston Globe: 
Articles of agreement have been drawn up and nothing 
is left undone but the measuring, the sailing and the shout- 
ing. There is no apparent change for a misunderstanding 
and there will be no opportvmity for a kick on either 
side. Both boats were well represented at the time the 
match was made, Flirt by L. M. Clark, and Early Dawn 
by G. J. Coles. Mr. George Lee, of Beverly, has been 
chosen referee, and the appearance of his name insures 
absolute fairness. 
Both yachts are to be at Lawley's basin on or before 
noon on Oct. 18 where they will he-measured in by G. F, 
Lawley in the presence of the referee. Y. R. A. meas- 
urements and restrictions are to prevail. If either boat 
exceeds 25ft. waterline, the owner shall have the right to 
make her fit inside the 25ft. . limit. Wilson & Silby's 
certificate of sail measurement is to be handed to the 
referee at the time of measurement, and said certificate 
shall hold. 
x\t the time of measurement the referee shall see to it 
that all inside fittings as required by the Y. R. A. shall 
be in place in each boat. If lafer a question of measure- 
■ment should arise, and either bqat is over 2sft., then such 
boat shall be disqualified and tne race given to the other 
by default. ' ' 
On each race day the preparatory gun will be fir'ed'' at 
12 o'clock. Five minutes later the starting gun will be 
fired, when the time will be taken. The races are to be 
sailed outside, but should the weather not permit, the 
referee, in his judgment, may brder them to be sailed 
over an inside cour.se. 
The yachts will sail folir rnile^^to windward to a mark; 
thence reach two miles to a second mark ; thence reach . two 
miles to the first mark, and thence run four miles to the 
finish, a distance of twelve miles. 
In the records of the Yacht Racing, Association for the 
season it is shown that both boats have started eleven 
times. Flirt has won seven firsts and three seconds, with 
a percentage of Si 4-TI, and Early Dawn has won four 
firsts, two seconds and three thirds, with a percentage of 
59 r-ii. This looks as though Flirt should be a favorite; 
she certainly will go into the field as such. 
But since these records were made there have been 
changes in Early Dawn, principally in her sail plan, which 
have made her much faster. She beat Flirt on Labor 
Day over the Nahant course, and also Little Peter which 
stands one ahead of her in the Y. R. A. percentages. In 
the recent match with Little Peter, in the only .race in 
which both went over the course, she beat Li tie Peter. 
That she has gained in speed is certam, but how much 
remains to be seen at the coming races. 
Her backers, in spite of the challenge and the match 
with Flirt, are modest in their claims of the boat's ability 
and allow that Flirt should win. This may be all right, 
■but people do not generally put up half of a $1 000 pu.rae 
with the distinct intention of giving it away to the other 
fellow, and it may 4)e that the backers of Early DaWh 
are speaking modestly of their boat, but wi*h that modesty 
which comes from supreme confidence underneath. 
Be that as it may; Let the races be good, the finishes 
close and may the best boat win. 
Rainbow's Ballast. 
The Lipton cup arrived in New York on the Germanic 
on Oct. I2( and is now in the custody of the New York 
Y. C. Mr. CorneHu'g Vanderbilt. ovtfner of Rainbow, has 
resigned all claims to this cup. and also returned the cups 
won in the Seawanhaka. Larchmont and .A.tlant'c races. 
The New York Y. C. rega'ta committee has decid^d that 
Rainbow is .not entitled to the cup, and the following 
letters have been sent bv two of. the othef cammitte*='i: 
New York. '©ct. 2..-^Corne1-'us Vanderbi't, E.sn., Knick- 
erbocker Club~Ne\\7 York .Gity^ , Deai: ..S.ir .Ypyr cnm- 
munication of Oct. dulv..received..'i'ri whichWou..state 
that, .thrnugh. ;§rmi^|inderstandirig of your- rights.- you 
did at different ^jnes lurinsr the last seas.oh •take, additional 
ballast on board;%ain|ow after having been ofirciallv'rneas- 
ured, and M'ithout nr-g'ipurihg a rem'easuremeht or tiot'ifying 
the regatta committli^ of the action you had taken and 
requesting a- remeasurement. , . r- - . \. ' ' ' '' 
■ An act' of this nature, as you are.no'w aware, jt having 
been called to your attention, .as you state in v6nr com- 
