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WILLIAM LUX BOWLEY
William Lux Bowley is a merchant captain who lived in Elkridge
Landing. He owns two ships: A 60 foot square rigger named Constance
inherited from his father and a newer, smaller "sharp-built topsail
schooner" named Faith built in Fells point and delivered to you in
early 1774. You buy finished goods and ship them to England and other
parts of the world to sell. You usually sell them for about twice the
amount you paid. At the start of 1774, Bowley has $500 saved. He has
just spent a great deal of money having his second ship built and
hiring a crew to man it. Write $500 in the "Starting money" column
on your ledger.
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WILLIAM LUX BOWLEY 1777
Operating Costs: You pay your crew and buy provisions for
your ships’ voyage to Caribbean. Write $2500 in the "What I
spent" column on your ledger.
Merchandise Purchased: You buy 500 barrels of wheat
flour at $11 a barrel from George Ellicott. You buy 100
hogsheads of tobacco from Charles Carrol at $30 hogshead. Write
$8500 in the "What I spent" column of your ledger. You buy $2000
worth of sugar, rum and imported cloth.
Merchandise Sold: You sell Charles Carroll $1500 worth of
imported goods. They cost more because they were shipped to Maryland
by way of the Caribbean. You sell the rest of your goods for $2500.
Write $4000 in the "What I earned" column of your ledger You
sell flour and tobacco for $17000. Write $17000 in the "What I
earned" column on your ledger. |
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WILLIAM LUX BOWLEY 1774
Operating Costs: You pay your crew and buy provisions for
your ships’ voyage to England. Write $3150 in the "What I
spent" column on your ledger.
Merchandise Purchased: You buy 300 barrels of flour at
$10 a barrel from George Ellicott. You buy 100 hogsheads of tobacco
from Charles Carrol at $30 a hogshead Write $6000 in the "What I
spent" column on your ledger. You buy $2000 worth of goods in
England.
Merchandise Sold: You sail to England and sell your flour
and tobacco for $12000. Write $12000 in the "What I earned" column
of your ledger. |
WILLIAM LUX BOWLEY 1778
Operating Costs: You pay your crew and buy provisions for
your ships’ voyage to Caribbean. Write $2500 in the "What I
spent" column on your ledger.
Merchandise Purchased: You buy 600 barrels of wheat
flour at $11 a barrel from Ellicott. You buy 100 hogsheads of
tobacco from Carrol at $30 hogshead. Write $9600 in the "What I
spent" column of your ledger. You buy $2000 worth of sugar, rum
and imported cloth.
Merchandise Sold: You sell Carroll $1500 worth of imported
goods. They cost more because they were shipped to Maryland by way of
the Caribbean. You sell the rest of your goods for $2500. Write
$4000 in the "What I earned" column of your ledger You sell flour
and tobacco for $19200. Write $17000 in the "What I earned" column
on your ledger. |
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WILLIAM LUX BOWLEY 1775
Operating Costs: You pay your crew and buy provisions for
your ships’ voyage to England. Write $3150 in the "What I
spent" column on your ledger.
Merchandise Purchased: You buy 350 barrels of wheat
flour at $10 a barrel from Ellicott. You buy 100 hogsheads of
tobacco from Carroll at $30 hogshead. Write $6500 in the "What I
spent" column of your ledger. You buy $2000 worth of goods in
England.
Merchandise Sold: In England, you sell your tobacco and
flour for $13000. Write $13000 in the "What I earned" column of
your ledger. You sell Carroll $1000 worth of imported goods. You
sell the rest of your goods for $3000. Write $4000 in the "What I
earned" column of your ledger. |
WILLIAM LUX BOWLEY 1779
Operating Costs: You pay your crew and buy provisions for
your ships’ voyage to Caribbean. Write $2500 in the "What I
spent" column on your ledger.
Merchandise Purchased: You buy 600 barrels of wheat
flour at $11 a barrel from Ellicott. You buy 100 hogsheads of
tobacco from Carrol at $30 hogshead. Write $9600 in the "What I
spent" column of your ledger. You buy $2000 worth of sugar, rum
and imported cloth.
Merchandise Sold: You sell Carroll $1500 worth of imported
goods. They cost more because they were shipped to Maryland by way of
the Caribbean. You sell the rest of your goods for $2500. Write
$4000 in the "What I earned" column of your ledger You sell flour
and tobacco for $19200. Write $17000 in the "What I earned" column
on your ledger. |
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WILLIAM LUX BOWLEY 1776
Operating Costs: You pay your crew and buy provisions for
your ships’ voyage to Caribbean. Write $2500 in the "What I
spent" column on your ledger.
Merchandise Purchased: You buy 350 barrels of wheat
flour at $10 a barrel from George Ellicott. You buy 100
hogsheads of tobacco from Charles Carrol at $30 hogshead. Write
$6500 in the "What I spent" column of your ledger. You buy $2000
worth of sugar, rum and imported cloth.
Merchandise Sold: You sell Carroll $1500 worth of imported
goods. They cost more because they were shipped to Maryland by way of
the Caribbean. You sell the rest of your goods for $2500. Write
$4000 in the "What I earned" column of your ledger You sell flour
and tobacco for $13000. Write $13000 in the "What I earned" column
of your ledger. |
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