History of merchant shipping and ancient commerce, Volume 3 (of 4)Lindsay, W. S. (William Schaw)
History
History of merchant shipping and ancient commerce, Volume 3 (of 4)
Lindsay, W. S. (William Schaw)
Commerce -- History; Shipping -- History; Steam navigation -- History
French vessels; and they stated that the only reason why the French
did not absorb the whole trade, was that they had not a sufficient
number of vessels to undertake it. The petitioners further insisted
that nothing but “a positive tonnage duty,” graduated according to
the amount of the differential duties levied in France on the chief
American staples, would avail to keep their trade in their own hands.
[Sidenote: Rapid rise of New Orleans]
Nevertheless, in spite of these hostile tariffs, and the war of
retaliating duties which was for some time waged, New Orleans, from
being the natural emporium of the vast tracts of country traversed by
the Mississippi, Missouri, and their tributary streams, and enjoying,
as it does, a greater command of internal navigation than any other
city in either the Old or New World, has made since 1820 the most
astounding strides in its maritime commerce.[5]
[Sidenote: and of New York.]
But in the face of equal difficulties as regards hostile tariffs, New
York, through the great natural resources at her command, and other
causes, surpassed New Orleans in the rapidity of its early commercial
and maritime progress. Although its advancement during the first decade
of the present century was scarcely equal to that of the preceding ten
years, during which it enjoyed unexceptionable prosperity (no other
city in the United States having profited so much, during the earlier
periods, by the war in Europe), its merchants and shipowners suffered
severely between 1806 and 1815 from the disastrous effects of captures,
condemnations, and embargoes. Nor was it until 1825 that New York began
to assume the importance which she has continued to maintain among
the other commercial cities of the Union. In that year an internal
element of prosperity was brought into operation by the construction
of the Erie Canal, which opened for trade the agricultural products
of the fertile valley of the Tennessee, and the whole coasts of the
northern lakes. The introduction of steam-navigation, to which I shall
fully refer hereafter, affording greatly increased facilities for the
conveyance of merchandise to and from New York by means of the numerous
navigable rivers which intersected that and the neighbouring States,
naturally gave an enormous impulse to its navigation, while the coal
from the great Pennsylvania coal basin contributed essentially to its
prosperity.[6]
[Sidenote: Boston ships extend their trade to India and China.]
Public-domain text, read in full here on John Shaqi.
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