There was no difficulty in settling terms. Mr. Slippery agreed to take charge of my business for half a commission, a simple two and an half per centum. He was aware, he said, that after a long voyage, I must be disposed to devote my time to my family and my friends, and he would take all the trouble of business off my hands. I had only to endorse over my bills of lading, and direct Mr. Boneto to deliver the cargo to his order; and, as for money, I might draw for what sums I pleased, taking care, when I should draw for large amounts, to make my bills at four or six months, as the goods must be sold on credit, and it would be a long time before he should be in funds from the actual proceeds. A few months flew on delightfully;--I had no cares, no perplexities. Mr. Slippery recommended that the goods should be sold at auction, to make sure of the best of endorsed paper, and I consented. He paid my officers and men their shares, as I desired; and although the auction sales did not produce for the goods, clear of charges, auction expenses, and Mr. Slippery's commission and guarantee, the actual cost in Canton, I flattered myself that I should still be rich enough, and at all events, I could send the Explorer on another voyage, whenever I should want more wealth. I purchased a handsome house for thirty thousand dollars, paid fifteen thousand dollars cash, and gave a mortgage for fifteen thousand; relieved the wants of all my poor relations; assisted many old acquaintances, who had been unfortunate; and still felt myself perfectly secure of all the good things of this world for the remainder of my days. But, alas! we are short-sighted creatures. I was soon called to lament the loss of my vessel, the partner of my adventures. Mr. Boneto not being satisfied with a life of idleness on shore, and having a wish to visit Europe, I permitted him to take the Explorer, without her machinery, for a voyage to New-Orleans, and thence to Europe. He took his money with him to purchase a cargo. On his way, he knocked that charming vessel to pieces on the Bahama Banks, for want of Blunt's chart, improved by recent surveys, to warn him of all the dangers. This misfortune grieved me not only for my own loss, but for Boneto's, who was plundered by the Providence wreckers of every dollar. Yet it was but the beginning of affliction. A few days after, I was thunderstruck by a rumour that my friend the great merchant, Mr. Slippery, had stopped payment. But there was some comfort--I was assured that it was no failure, nothing but a suspension. For some time I was kept at bay by promises and plausible statements. The whole truth, however, burst upon me at the appearance of Mr. Slippery's name in the Gazette, as an applicant for the benefit of the insolvent act.