A Few Words Regarding American Shipping
A Few Words Regarding American Shipping
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1, 971, 056 tons, and in those of i877~'8i but 631, 502 tons.
The conclusion therefore is absolutely established, that we have both surrendered the carrying trade to and from foreign ports done by steamers, and as well that conveyed by sail, that other nations have found it to their interest and profit to con- tinue the employment of wooden sail ships and that the number which found such employment in this country increased from 5, 520 to 13, 485 in number, whilst our own diminished from 3, 731... to 1, 768.
It is also equally evident and positive, that inasmuch as the relative cost of American wooden vessels remains the same, in comparison with foreign construction, as it was when we shot ahead of all others and gained the supremacy, the diminution cannot be attributed at all to any tariff laws whatever as having had any direct bearing on that result. What other cause then re- mains to which to attribute the result ? Why plainly because "other nations have been able to run' and manage their vessels at a cheaper expense than we could" or to state it in another way, the labor, as well as the capital, formerly employed in running ves- sels for the profits of their earnings, has found greater compen- sation and better return in other channels, and with this discov- ery the ship building has diminished and ceased to correspond- This conclusion, therefore, establishes certain causes and effects which it will be wise to ponder upon.
What to read after A Few Words Regarding American Shipping?
You can find similar books in the "Read Also" column, or choose other free books by A Foster Higgins to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
1, 971, 056 tons, and in those of i877~'8i but 631, 502 tons.
The conclusion therefore is absolutely established, that we have both surrendered the carrying trade to and from foreign ports done by steamers, and as well that conveyed by sail, that other nations have found it to their interest and profit to con- tinue the employment of wooden sail ships and that the number which found such employment in this country increased from 5, 520 to 13, 485 in number, whilst our own diminished from 3, 731... to 1, 768.
It is also equally evident and positive, that inasmuch as the relative cost of American wooden vessels remains the same, in comparison with foreign construction, as it was when we shot ahead of all others and gained the supremacy, the diminution cannot be attributed at all to any tariff laws whatever as having had any direct bearing on that result. What other cause then re- mains to which to attribute the result ? Why plainly because "other nations have been able to run' and manage their vessels at a cheaper expense than we could" or to state it in another way, the labor, as well as the capital, formerly employed in running ves- sels for the profits of their earnings, has found greater compen- sation and better return in other channels, and with this discov- ery the ship building has diminished and ceased to correspond- This conclusion, therefore, establishes certain causes and effects which it will be wise to ponder upon.
What to read after A Few Words Regarding American Shipping?
You can find similar books in the "Read Also" column, or choose other free books by A Foster Higgins to read onlineMoreLess
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