Identifier: fortyyearsinbraz00benn (find matches)
Title: Forty years in Brazil
Year: 1914 (1910s)
Authors: Bennett, Frank
Subjects: Brazil -- Description and travel
Publisher: London, Mills & Boon, limited
Contributing Library: Brown University Library
Digitizing Sponsor: Brown University

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reak amongst the fleet in revolt.All that it did, however, was to quietly founder assoon as it reached Bahia, without having enteredinto action at all—without even reaching Riode Janeiro. Why it foundered was never satisfactorily ex-plained to the public. There had been no storm,no other shipping suffered on that occasion, yet theCid went down and was entirely lost. The publictherefore came very naturally to the conclusionthat it went down because it was unseaworthy,and that the President had not had the best of thebargain in the purchase he had made. The pricepaid was not, I think, ever publicly stated, but itwas generally believed to have been a high one, evenhad the vessel possessed thequaHties claimed for it.^ I may remark here that during this time of con-flict the Government Party adopted the designationof Partido da Legahdade (Party of Legahty, or ^ There is no imputation in this against the Government ofthe United States of North America : the transaction was aprivate one, %
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MANY SPECULATIVE SCHEMES 125 Legal Party). That is precisely what it was not,legality being the very quality which was lacking.Perhaps that was why it was so widely pro-claimed; for otherwise no one would have knownit. Floriano Peixoto succeeded, after some time, inbeating down all opposition immediately confront-ing him, that is to say, in quelling the revolt ofthe Navy, although the civil war in Rio Grandedo Sul still continued until after his term of officeexpired. With money apparently abundant and seeminglyso easily acquired, by reason of the new banks alreadyreferred to, the idea evidently prevailed in manyminds that a new and easy road to wealth had beenopened out before the public, and this led to manyspeculative schemes—some of the wildest nature—being proposed and subscribed to by the over-credulous in their confidence and eagerness to sharein the fancied prosperity. The debacle of thenumerous enterprises which were floated on theBrazilian market was not long in coming w

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