History of merchant shipping and ancient commerce, Volume 4 (of 4)Lindsay, W. S. (William Schaw)
History
History of merchant shipping and ancient commerce, Volume 4 (of 4)
Lindsay, W. S. (William Schaw)
Commerce -- History; Shipping -- History; Steam navigation -- History
Hitherto the American Government had been opposed in principle to
all subsidies, but the vast results which accrued to the material
interests of the United States from the extensive employment of steam
navigation, effected concurrently a great change in the policy of the
Federal Legislature and soon rendered it necessary to subsidize vessels
of their own for the conveyance of their mails to Great Britain. If,
before the period of the introduction of steam, Congress had exhibited
an undue parsimony in providing funds in any form for their national
navy, it is certain that a more liberal policy now prevailed.
[Sidenote: Not satisfied with the Cunard line, the Americans determine
to start one of their own.]
Ocean steam navigation was now adopted by the Americans for the joint
purpose of extending and advancing the commercial and other interests
of the country, and more especially to provide a marine force which
might be easily made available for the protection “of American rights;”
and the attainment of this two-fold object was the motive which, in
the opinion of Congress, justified the application of public funds
in aid of private enterprise. Nor was the argument, once so popular
in England, overlooked that the money so advanced would ultimately be
reimbursed by saving the expense of a standing fleet to the extent of
the number of the vessels subsidized in the conveyance of the mails,
while encouraging commerce and the arts during the time of peace.
[Sidenote: Reasons for so doing.]
The Americans also now complained (they had not thought of it before)
that the ocean mails along their southern coasts had been placed in
the hands of foreign carriers,[194] sustained and protected by the
British Government, under the forms of contracts to carry the British
mails; while the Cunard line, between Liverpool and Boston viâ Halifax,
constituted the only medium of regular steam navigation between
the United States and Europe. In this way it was alleged that the
commercial interests of the United States were on one side entirely
at the mercy of British steamers which plied along the southern
coast of the United States, entering their ports at pleasure, and
thereby acquiring an intimate knowledge of the soundings and other
peculiarities of the American harbours, a process which might prove
highly injurious to America in the event of a war with Great Britain:
while, on the other, danger was incurred by a foreign line of steamers
carrying the ocean mails, under the liberal encouragement of the
British Government, and thus threatening to monopolize by steam the
mail postage and freight between the two countries.
Public-domain text, read in full here on John Shaqi.
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