James is a rich man now, with the Onedin Line having 27,484 pounds in assets. Albert convinces him to commission a steamship, for which he issues 100,000 pounds worth of shares, into which he puts almost all his capital. But Callon buys a majority of the shares and now effectively 'owns Onedin'. On top of that, Baines, a captain now, loses the Pampero rounding Cape Horn.
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