History of merchant shipping and ancient commerce, Volume 2 (of 4)Lindsay, W. S. (William Schaw)
History
History of merchant shipping and ancient commerce, Volume 2 (of 4)
Lindsay, W. S. (William Schaw)
Commerce -- History; Shipping -- History; Steam navigation -- History
in London, personally examined Captain Martin’s thumbs, and said “they
still bear the marks of the torturing screws, and the scars will go
with him to the grave.”[316]
[Sidenote: The advantages of the war to the Americans.]
But with all these drawbacks to the progress and success of American
shipping, and the great disadvantages to which neutrals are exposed
during a state of war, which often counterbalance the advantages they
enjoy of seizing upon the carrying trade of the world, it cannot
be denied that the memorable revolution of France in 1789, and the
wars consequent upon the events, created a vast demand for American
exports, and secured for the Americans a very considerable portion
of the carrying trade of Europe. They not only carried the colonial
productions to the several parent states, but they also became the
purchasers of them in the French, Spanish, and Dutch colonies. A new
era was indeed established in their commercial history, and their
merchants and shipowners increased in numbers to an extent out of all
proportion to the general state of the population.
[Sidenote: Impulse given to shipping.]
Many persons who had realised moderate capitals from mercantile and
other pursuits now become daring adventurers as carriers by sea [there
being no trading companies, whose monopolies have a withering effect
upon individual enterprise], the practice became common for Americans
to frequently change their pursuits, a practice springing out of a
native energy of the people still prevailing. Foreigners were admitted
without reservation to all the privileges of the citizens of the United
States, although the government carefully excluded them from any
participation ostensibly in the benefits arising from the possession
of ships. No aliens were permitted to be either sole or part owners
of American vessels. The predominant spirit of that period had a
powerful effect in determining the character of the rising generation,
and the brilliant prospects held out by maritime enterprise led them
to neglect for a time the mechanical and manufacturing branches of
industry.
[Sidenote: Progress of American civilisation.]
Public-domain text, read in full here on John Shaqi.
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