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
Besides this, however, it must be remembered that American shipowners
offered greater inducements than the English then did to young men of
talent and education to enter the merchant service, as the amount of
wages, alone, was two- and three-fold greater in the former than in the
latter. Again, the American shipmasters were, also, almost invariably
admitted, nay frequently solicited by the managing owners, to take some
shares in the ships placed under their command; and, in cases, where
the master had no capital, the owner often conveyed to him a share of
one-sixth, and sometimes even one quarter, to be paid for out of his
wages and the profits of the ships. Thus young men of good position and
talent were led to enter the American merchant service, and had much
greater inducements than they would then have had in Great Britain to
take a zealous interest in the economy, discipline, and success of the
ship they commanded; and this, not merely from the fact that they were
well recommended, but from the confidential and courteous treatment
they received from their employers. Captains of the larger class of
packets or merchant-ships, therefore, could not only afford to live as
gentlemen, but, if men of good character and fair manners (which they
generally were), they were received into the best mercantile circles on
shore. They were also allowed, besides their fixed salary, a percentage
(usually 2½ per cent.) on all freights, and by various other privileges
(particularly in relation to passengers) they were thus enabled to
save money and to become, in time, merchants and shipowners on their
own account, a custom which prevailed, to a large extent, in the New
England States.
[Sidenote: Excellent schools and early training for them.]
Public-domain text, read in full here on John Shaqi.
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