of　the　best　authorities　in　the　iron　trade　of　last　century；　Mr。
  Alexander　Raby　of　Llanelly；　like　many　others；　was　at　first　entirely
  sceptical　as　to　the　value　of　Cort's　invention；　but　he　had　no　sooner
  witnessed　the　process　than　with　manly　candour　he　avowed　his　entire
  conversion　to　his　views。
  We　now　return　to　the　history　of　the　chief　author　of　this　great　branch
  of　national　industry。　　As　might　naturally　be　expected；　the　principal
  ironmasters；　when　they　heard　of　Cort's　success；　and　the　rapidity　and
  economy　with　which　he　manufactured　and　forged　bar…iron；　visited　his
  foundry　for　the　purpose　of　examining　his　process；　and；　if　found
  expedient；　of　employing　it　at　their　own　works。　　Among　the　first　to　try
  it　were　Richard　Crawshay　of　Cyfartha；　Samuel　Homfray　of　Penydarran
  （both　in　South　Wales）；　and　William　Reynolds　of　Coalbrookdale。　　Richard
  Crawshay　was　then　（in　1787）　forging　only　ten　tons　of　bar…iron　weekly
  under　the　hammer；　and　when　he　saw　the　superior　processes　invented　by
  Cort　he　readily　entered　into　a　contract　with　him　to　work　under　his
  patents　at　ten　shillings　a　ton　royalty；　In　1812　a　letter　from　Mr。
  Crawshay　to　the　Secretary　of　Lord　Sheffield　was　read　to　the　House　of
  Commons；　descriptive　of　his　method　of　working　iron；　in　which　he　said；
  〃I　took　it　from　a　Mr。　Cort；　who　had　a　little　mill　at　Fontley　in
  Hampshire：　　I　have　thus　acquainted　you　with　my　method；　by　which　I　am
  now　making　more　than　ten　thousand　tons　of　bar…iron　per　annum。〃　　Samuel
  Homfray　was　equally　prompt　in　adopting　the　new　process。　　He　not　only
  obtained　from　Cort　plans　of　the　puddling…furnaces　and　patterns　of　the
  rolls；　but　borrowed　Cort's　workmen　to　instruct　his　own　in　the
  necessary　operations；　and　he　soon　found　the　method　so　superior　to
  that　invented　by　Onions　that　he　entirely　confined　himself　to
  manufacturing　after　Cort's　patent。　　We　also　find　Mr。　Reynolds　inviting
  Cort　to　conduct　a　trial　of　his　process　at　Ketley；　though　it　does　not
  appear　that　it　was　adopted　by　the　firm　at　that　time。*
  ＇footnote。。。
  In　the　memorandum…book　of　Wm。　　Reynolds　appears　the　following　entry　on
  the　subject：
  〃Copy　of　a　paper　given　to　H。　　Cort；　Esq。
  〃W。　Reynolds　saw　H。　C。　in　a　trial　which　he　made　at　Ketley；
  Dec。　17；　1784；　produce　from　the　same　pig　both　cold　short　and　tough　iron
  by　a　variation　of　the　process　used　in　reducing　them　from　the　state　of
  cast…iron　to　that　of　malleable　or　bar…iron；　and　in　point　of　yield　his
  processes　were　quite　equal　to　those　at　Pitchford；　which　did　not
  exceed　the　proportion　of　31　cwt。　　to　the　ton　of　bars。　　The　experiment
  was　made　by　stamping　and　potting　the　blooms　or　loops　made　in　his
  furnace；　which　then　produced　a　cold　short　iron；　but　when　they　were
  immediately　shingled　and　drawn；　the　iron　was　of　a　black　tough。〃
  The　Coalbrookdale　ironmasters　are　said　to　have　been　deterred　from
  adopting　the　process　because　of　what　was　considered　an　excessive
  waste　of　the　metalabout　25　per　cent；though；　with　greater
  experience；　this　waste　was　very　much　diminished。
  。。。＇
  The　quality　of　the　iron　manufactured　by　the　new　process　was　found
  satisfactory；　and　the　Admiralty　having；　by　the　persons　appointed　by
  them　to　test　it　in　1787；　pronounced　it　to　be　superior　to　the　best
  Oregrounds　iron；　the　use　of　the　latter　was　thenceforward
  discontinued；　and　Cort's　iron　only　was　directed　to　be　used　for　the
  anchors　and　other　ironwork　in　the　ships　of　the　Royal　Navy。　　The　merits
  of　the　invention　seem　to　have　been　generally　conceded；　and　numerous
  contracts　for　licences　were　entered　into　with　Cort　and　his　partner　by
  the　manufacturers　of　bar…iron　throughout　the　country。*
  ＇footnote。。。
  Mr。　Webster；　in　the　'Case　of　Henry　Cort；'　published　in　the　Mechanic's
  Magazine　（2　Dec。　1859）；　states　that　〃licences　were　taken　at　royalties
  estimated　to　yield　27；500L。　to　the　owners　of　the　patents。〃　　。。。＇
  Cort　himself　made　arrangements　for　carrying　on　the　manufacture　on　a
  large　scale；　and　with　that　object　entered　upon　the　possession　of　a
  wharf　at　Gosport；　belonging　to　Adam　Jellicoe；　his　partner's　father；
  where　he　succeeded　in　obtaining　considerable　Government　orders　for
  iron　made　after　his　patents。　　To　all　ordinary　eyes　the　inventor　now
  appeared　to　be　on　the　high　road　to　fortune；　but　there　was　a　fatal
  canker　at　the　root　of　this　seeming　prosperity；　and　in　a　few　years　the
  fabric　which　he　had　so　laboriously　raised　crumbled　into　ruins。　　On　the
  death　of　Adam　Jellicoe；　the　father　of　Cort's　partner；　in　August；
  1789；*
  ＇footnote。。。
  In　the　'Case　of　Henry　Cort；'　by　Mr。　Webster；　above　referred　to
  （Mechanic's　Magazine；　2　Dec。　1859）；　it　is　stated　that　Adam　Jellicoe
  〃committed　suicide　under　the　pressure　of　dread　of　exposure；〃　but　this
  does　not　appear　to　be　confirmed　by　the　accounts　in　the　newspapers　of
  the　day。　　He　died　at　his　private　dwelling…house；　No。14；　Highbury
  Place；　Islingtonn；　on　the　30th　August；1789；　after　a　fortnight's
  illness。
  。。。＇
  defalcations　were　discovered　in　his　public　accounts　to　the　extent　of
  39；676l。；　and　his　books　and　papers　were　immediately　taken　possession
  of　by　the　Government。　　On　examination　it　was　found　that　the　debts　due
  to　Jellicoe　amounted　to　89；657l；　included　in　which　was　a　sum　of　not
  less　than　54；853l。　　owing　to　him　by　the　Cort　partnership。　　In　the
  public　investigation　which　afterwards　took　place；　it　appeared　that
  the　capital　possessed　by　Cort　being　insufficient　to　enable　him　to
  pursue　his　experiments；　which　were　of　a　very　expensive　character；
  Adam　Jellicoe　had　advanced　money　from　time　to　time　for　the　purpose；
  securing　himself　by　a　deed　of　agreement　entitling　him　to　one…half　the
  stock　and　profits　of　all　his　contracts；　and　in　further　consideration
  of　the　capital　advanced　by　Jellicoe　beyond　his　equal　share；　Cort
  subsequently　assigned　to　him　all　his　patent　rights　as　collateral
  security。　　As　Jellicoe　had　the　reputation　of　being　a　rich　man；　Cort
  had　not　the　slightest　suspicion　of　the　source　from　which　he　obtained
  the　advances　made　by　him　to　the　firm；　nor　has　any　connivance　whatever
  on　the　part　of　Cort　been　suggested。　　At　the　same　time　it　must　be
  admitted　that　the　connexion　was　not　free　from　suspicion；　and；　to　say
  the　least；　it　was　a　singularly　unfortunate　one。　　It　was　found　that
  among　the　moneys　advanced　by　Jellicoe　to　Cort　there　was　a　sum　of
  27；500L。　entrusted　to　him　for　the　payment　of　seamen's　and　officers'
  wages。　　How　his　embarrassments　had　tempted　him　to　make　use　of　the
  public　funds　for　the　purpose　of　carrying　on　his　speculations；　appears
  from　his　own　admissions。　　In　a　memorandum　dated　the　11th　November；
  l782；　found　in　his　strong　box　after　his　death；　he　set　forth　that　he
  had　always　had　much　more　than　his　proper　balance　in　hand；　until　his
  engagement；　about　two　years　before；　with　Mr。　Cort；　〃which　by　degrees
  has　so　reduced　me；　and　employed　so　much　more　of　my　money　than　I
  expected；　that　I　have　been　obliged　to　turn　most　of　my　Navy　bills　into
  cash；　and　at　the　same　time；　to　my　great　concern；　am　very　deficient　in
  my　balance。　　This　gives　me　great　uneasiness；　nor　shall　I　live　or　die
  in　peace　till　the　whole　is　restored。〃　　He　had；　however；　made　the　first
  false　step；　after　which　the　downhill　career　of　dishonesty　is　rapid。
  His　desperate　attempts　to　set　himself　right　only　involved　him　the
  deeper；　his　conscious　breach　of　trust　caused　him　a　degree　of　daily
  torment　which　he　could　not　bear；　and　the　discovery　of　his
  defalcations；　which　was　made　only　a　few　days　before　his　death；
  doubtless　hastened　his　end。
  The　Government　acted　with　promptitude；　as　they　were　bound　to　do　in
  such　a　case。　　The　body　of　Jellicoe　was　worth　nothing　to　them；　but　they
  could　secure　the　property　in　which　he　had　fraudulently　invested　the
  public　moneys　intrusted　to　him。　　With　this　object　the　them　Paymaster
  of　the　Navy　proceeded　to　make　an　affidavit　in　the　Exchequer　that
  Henry　Cort　was　indebted　to　His　Majesty　in　the　sum　of　27；500L。　and
  upwards；　in　respect　of　moneys　belonging　to　the　public　treasury；　which
  〃Adam　Jellicoe　had　at　different　times　lent　and　advanced　to　the　said
  Henry　Cort；　from　whom　the　same　now　remains　justly　due　and　owing；　and
  the　deponent　saith　he　verily　believes　that　the　said　Henry　Cort　is
  much　decayed　in　his　credit　and　in　very　embarrassed　circumstances；　and
  therefore　the　deponent　verily　believes　that　the　aforesaid　debt　so　due
  and　owing　to　His　Majesty　is　in　great　danger　of　being　lost　if　some
  more　speedy　means　be　not　taken　for　the　recovery　than　by　the　ordinary
  process　of　the　Court。〃　　Extraordinary　measures　were　therefore　adopted。
  The　assignments　of　Cort's　patents；　which　had　been　made　to　Jellicoe　in
  consideration　of　his　advances；　were　taken　possession　of；　but　Samuel
  Jellicoe；　the　son　of　the　defaulter；　singular　to　say；　was　put　in
  possession　of　the　properties　at　Fontley　and　Gosport；　and　continued　to
  enjoy　them；　to　Cort's　exclusion；　for　a　period　of　fourteen　years。　　It
  does　not　however　appear　that　any　patent　right　was　ever　levied　by　the
  assignees；　and　the　result　of　the　proceeding　was　that　the　whole
  benefit　of　Cort's　inventions　was　thus　made　ov