The Commerce And Navigation of the Valley of the Mississippi And Also That App
The Commerce And Navigation of the Valley of the Mississippi And Also That App
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And if it be true, as is stated, that the insurers lose money at even those rates, then the lowest rate of 11 insurance on hulls indicates a loss of $1, 920, 000 annually on the esti- mated investment of sixteen millions in the boats. On the estimated amount of commerce of the river, it would indicate an annual loss, if it were all insured, of $51, 918, 148.
It is undoubtedly true, that there are lying within the space of the 200 miles between the mouths of the Ohio and the Missouri rivers, the... wrecks of over ninety steamboats.
Taking the losses of the steamboats trading at St. Louis for the years l841-'2 for his data, Mr. Calkoun has estimated§ " the annual ag- gregate loss of boats navigating the Mississippi and its waters at the present time [1846] (estimating the number at 900, ) to be 107^ from all causes ; of which 57 v/ould be from snags, and 75 from snags, rocks and logs, " and makes the aggregate annual loss from snags, rocks and logs, (obstructions susceptible of being removed, ) $1, 820, 200.
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You can find similar books in the "Read Also" column, or choose other free books by 1847 Saint Louis Mo Delegates to the Chicago River to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
And if it be true, as is stated, that the insurers lose money at even those rates, then the lowest rate of 11 insurance on hulls indicates a loss of $1, 920, 000 annually on the esti- mated investment of sixteen millions in the boats. On the estimated amount of commerce of the river, it would indicate an annual loss, if it were all insured, of $51, 918, 148.
It is undoubtedly true, that there are lying within the space of the 200 miles between the mouths of the Ohio and the Missouri rivers, the... wrecks of over ninety steamboats.
Taking the losses of the steamboats trading at St. Louis for the years l841-'2 for his data, Mr. Calkoun has estimated§ " the annual ag- gregate loss of boats navigating the Mississippi and its waters at the present time [1846] (estimating the number at 900, ) to be 107^ from all causes ; of which 57 v/ould be from snags, and 75 from snags, rocks and logs, " and makes the aggregate annual loss from snags, rocks and logs, (obstructions susceptible of being removed, ) $1, 820, 200.
What to read after The Commerce And Navigation of the Valley of the Mississippi And Also That App?
You can find similar books in the "Read Also" column, or choose other free books by 1847 Saint Louis Mo Delegates to the Chicago River to read onlineMoreLess
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