Charles Sumner: his complete works, volume 17 (of 20)Sumner, Charles
History
Charles Sumner: his complete works, volume 17 (of 20)
Sumner, Charles
Slavery -- United States; Speeches, addresses, etc., American
This is most suggestive. So entirely was our commerce driven from the
ocean, that for six weeks not an American vessel was seen!
Another Englishman, in an elaborate pamphlet, bears similar testimony.
I refer to the pamphlet of Mr. Edge, published in London by Ridgway in
1863, and entitled “The Destruction of the American Carrying-Trade.”
After setting forth at length the destruction of our commerce by
British pirates, this writer thus foreshadows the damages:--
“Were we,” says he, “the sufferers, we should certainly
demand compensation for the loss of the property captured or
destroyed, for the interest of the capital invested in the
vessels and their cargoes, and, maybe, a fair compensation
in addition for all and any injury accruing to our business
interests from the depredations upon our shipping. _The
remuneration may reach a high figure in the present case; but
it would be a simple act of justice_, and might prevent an
incomparably greater loss in the future.”[77]
Here we have the damages assessed by an Englishman, who, while
contemplating remuneration at a high figure, recognizes it as “a simple
act of justice.”
Such is the candid and explicit testimony of Englishmen, pointing the
way to the proper rule of damages. How to authenticate the extent of
national loss with reasonable certainty is not without difficulty; but
it cannot be doubted that such a loss occurred. It is folly to question
it. The loss may be seen in various circumstances: as, in the rise of
insurance on all American vessels; the fate of the carrying-trade,
which was one of the great resources of our country; the diminution
of our tonnage, with the corresponding increase of British tonnage;
the falling off in our exports and imports, with due allowance for
our abnormal currency and the diversion of war. These are some of the
elements; and here again we have British testimony. Mr. W. E. Forster,
in the speech already quoted, announces that “the carrying-trade of
the United States was transferred to British merchants”;[78] and Mr.
Cobden, with his characteristic mastery of details, shows, that,
according to an official document laid on the table of Parliament,
American shipping had been transferred to English capitalists as
follows: in 1858, 33 vessels, 12,684 tons; 1859, 49 vessels, 21,308
tons; 1860, 41 vessels, 13,638 tons; 1861, 126 vessels, 71,673 tons;
1862, 135 vessels, 64,578 tons; and 1863, 348 vessels, 252,579 tons;
and he adds, “I am told that this operation is now going on as fast
as ever”; and this circumstance he declares to be “the _most serious
aspect_ of the question of our relations with America.”[79] But this
“most serious aspect” is left untouched by the pending treaty.
Public-domain text, read in full here on John Shaqi.
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