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
Under these somewhat hazardous circumstances to the commercial and
political interests of the United States, it became necessary to decide
whether American commerce should continue to be “thus tributary to
British maritime supremacy,” or an American medium of communication
should be established through the intervention of the Federal
Government in the form of loans in aid of individual enterprise. The
Americans now felt that unless they departed from their previous
policy, they could not contend successfully against the Cunard line of
packets, which received a large subsidy from the English Government.
It was humiliating, they also argued, to their pride as a great
maritime people, that foreigners and commercial rivals should wrest
from them the virtual monopoly of ocean steam conveyance, especially
between the United States and Europe, as well as between the West
Indies and South America. But, in reviewing this question, their
statesmen and politicians might have perceived without prejudice, that
England has acted upon the same liberal policy in furnishing means
to establish ocean lines to other parts of the world where American
rivalry has no place; therefore, the paragraph about the “Queen of the
Ocean levying her imposts upon the industry and intelligence of all
the nations that frequent the highway of the world,”[195] is merely a
rhetorical flight, with no foundation in fact, apparently introduced
into their official reports in order to reconcile the ignorant people
of the Western States to the payment of a tax for services performed,
by which they would be but indirectly and remotely benefited.
[Sidenote: American ship-owners complain justly of the “Protective”
policy of their own Government.]
Public-domain text, read in full here on John Shaqi.
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