Manual of Ship Subsidies: An Historical Summary of the Systems of All NationsBacon, Edwin M. (Edwin Monroe)
History
Manual of Ship Subsidies: An Historical Summary of the Systems of All Nations
Bacon, Edwin M. (Edwin Monroe)
Shipping bounties and subsidies
All the contracts thus provided for were concluded the same year. Each
was to run for ten years. The first executed was that with Mr. Sloo. It
called for five steamships of not less than 1500 tons, and a
semi-monthly service. The line was to touch at Charleston, if
practicable, and at Savannah. The ships were to have engines by direct
action; and each ship was to be sheathed with copper. The subsidy was
fixed at two hundred and ninety thousand dollars a year, a rate of
$1.83-1/2 per mile, the distance to be sailed out and back being 158,000
miles.[GA] Mr. Sloo immediately set over his contract to George Law,
Marshall O. Roberts, and Bowes McIlvaine, of New York.[GB] The second
contract was for the Pacific service, connecting with the mail by the
Sloo line across the Isthmus. This was made with Arnold Harris of
Arkansas. It provided for a monthly service between Panama and Astoria,
Oregon, calling at San Diego, Monterey, and San Francisco, with a
subsidy of one hundred and ninety-nine thousand dollars per annum. Three
steamers were to be furnished, two of not less than a thousand tons
each. Upon receiving the contract Mr. Harris immediately transferred it
to W.H. Aspinwall of New York, representing the newly formed Pacific
Mail Steamship Company.[GC] The third was the Collins contract. This
stipulated for a semi-monthly service between New York and Liverpool
during the eight open months of the year, and a monthly service through
the four winter months, with five steamers, each of not less than 2000
tons and engines of a thousand horsepower. The first ship was to be
ready for service in eighteen months after the date of the contract,
November 1, 1847. The subsidy was fixed at $19,250 per twenty round
trips, or three hundred and eighty-five thousand dollars a year, a rate
of $3.11 a mile for sailing about 124,000 miles.[GD]
By subsequent acts the secretary of the navy was authorized to advance
twenty-five thousand dollars a month on each of the ships called for by
these several contracts from the time of their launching to their
finish; and the date of the completion of the first Collins steamer and
the opening of the New York and Liverpool service was extended to June
1, 1850.[GE]
At the same time that the secretary of the navy was executing these
contracts the postmaster-general under the authority of an act "to
establish certain Post Routes and for other purposes," also approved
March 3, 1847,[GF] was contracting for a steamship mail-service between
Charleston and Havana, with a subsidy of forty-five thousand dollars per
annum. This contract was entered into with M.C. Mordecai of Charleston,
who agreed to furnish steamships suitable for war purposes, and to
perform a monthly service.[GG] Several other propositions for steamship
service to various foreign countries were made to the postmaster-general
at this time, but none was accepted.[GH]
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account