History of the United States of America, Volume 7 (of 9) : $b During the second administration of James MadisonAdams, Henry
History
History of the United States of America, Volume 7 (of 9) : $b During the second administration of James Madison
Adams, Henry
United States -- History -- 1801-1809; United States -- History -- 1809-1817
If private enterprise was to fail at the critical moment, and if the
government must supply the deficiency, the government would have done
better to undertake the whole task. In effect, the government in the
end did so. The merchants asked chiefly for a reduction of duties
on prize-goods. Gallatin pointed out the serious objections to such
legislation, and the little probability that the measure would increase
the profits of privateering or the number of privateers. The actual
privateers, he said, were more than enough for the food offered by the
enemy’s trade, and privateering, like every other form of gambling,
would always continue to attract more adventurers than it could
support.[438]
Congress for the time followed Gallatin’s advice, and did nothing; but
in the summer session of 1813, after Gallatin’s departure for Europe,
the privateer owners renewed their appeal, and the acting Secretary of
the Treasury, Jones, wrote to the chairman of the Naval Committee July
21, 1813,[439]--
“The fact is that ... privateering is nearly at an end; and from
the best observation I have been enabled to make, it is more from
the deficiency of remuneration in the net proceeds of their prizes
than from the vigilance and success of the enemy in recapturing.”
In deference to Jones’s opinion, Congress passed an Act, approved Aug.
2, 1813, reducing one third the duties on prize-goods. Another Act,
approved August 3, granted a bounty of twenty-five dollars for every
prisoner captured and delivered to a United States agent by a private
armed vessel. A third Act, approved August 2, authorized the Secretary
of the Navy to place on the pension list any privateersman who should
be wounded or disabled in the line of his duty.
Public-domain text, read in full here on John Shaqi.
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