p.2 AN UNFORTUNATE ENTERPRISE
The Canadian yacht Countess of Dufferin has had an unfortunate career. She started from Cobourg en route for New York with what her owner considered fair prospects of success at the recent races in New York harbour. No sooner had she arrived in Kingston than she was delayed in order to have her main mast removed and replaced by another. Reaching Quebec the Kingston mast was condemned and another delay took place. There a second new mast was supplied. On her arrival at New York her sails were found to be almost useless, and therefore a new set was supplied. During the race she did as well as many expected, but the worst part of the story of her misfortune is thus told by the New York Sun, which we reproduce:
"The Canadian yacht Countess of Dufferin, which sailed against the Madeleine in August last for the Queen's cup, was libelled on Wednesday for a debt of $43. The lug foresail was taken ashore by a deputy marshall, and is to be sold on Tuesday next. This action is likely to be followed by others, instituted by other creditors of the yacht, in consequence of the delay of the owner in fulfilling his promises of a prompt payment of the debts of the yacht contracted in this harbor, amounting to nearly $2,000. Of these, $1,000 is on the vessel herself for sails, repairs, towage, supplies, etc. Capt. Cuthbert, the principal stockholder in the Countess, has gone to Canada to raise money, and her ostensible owner, Major Gifford, went home a few days ago. When telegraphed to by creditors requesting payment he replied that they might go to Mr. Frederick Schmidt, a ship-broker, who, he said, had the yacht for sale.Mr. Schmidt offers the yacht for $8,000. Competent judges say that she may be sold for between $3,000 and $4,000."
Canadians who took an interest in the Countess of Dufferin will regret to hear of her being seized for debt and of the probability of her being sold for less than cost price. It is a humiliating ending to what at one time gave promise of being a successful enterprise. Major Gifford's New York experience will teach him a lesson which he is not likely to forget for a long time to come.