Ocean Steam Navigation and the Ocean PostRainey, Thomas
History
Ocean Steam Navigation and the Ocean Post
Rainey, Thomas
Mail steamers; Steam-navigation
-----+------+----------+----------+------------+---------+--------------------
| | | | Gross | Total |
Line.|Trips.|Distances.| Subsidy. | Postage. | Miles | Pay per Mile.
-----+------+----------+----------+------------+---------+--------------------
A | 52| 3,100| L173,340|L143,667.10s| 304,000|11s 4-1/2d $2.38-1/2
B | 24| 11,402| 270,000| 106,905.00 | 547,296| 9s10 $2.46
C | 24| [F]| 244,000| 178,186.11 | 796,637| 6s 1-3/4 $1.53-1/2
D | 12| 14,000| 185,000| 33,281.12 | 336,000|11s00 $2.75
E | 24| 2,042| 14,700| | 98,000| 3s00 $0.75
F | 24| 2,718| 25,000| 5,715.00 | 130,434| 3s10 $0.96
G | 12| 6,245| 23,250| 3,196.02 | 149,880| 2s 6 $0.62-1/2
| | | | French | |
| | | | Belgian, | |
| | | | and Dutch | |
| | | | Postage. | |
H | 156| 132| | {74,430.08 | 41,184|
I | 730| 64| | {36,158.09 | 93,440|
J | 112| 70| | {10,032.15 | 14,560|
K | 52| 200| | | 20,800|
| | |==========|============|=========|====================
| | |L1,062,797|L591,573.07s|2,532,231| 9s 7d $2.39
-----+------+----------+----------+------------+---------+--------------------
Total Average per Mile, $2.10-1/3. Average of four principal lines, $2.39.
[F] The Peninsular and Oriental Company run twice per month between
Southampton and Alexandria, and between Suez and Calcutta and Hong
Kong; twice per month between Marseilles and Malta; between Singapore
and Sydney every two months; and three times per month between
Southampton and Gibraltar, touching at Vigo, O Porto, Lisbon, and
Cadiz.
It would hardly be expected that the lines of this country should run
at cheaper rates than those of Great Britain, as the prime cost of
ships and their repairs, fuel, wages, insurance, etc., are much
cheaper there, and as they have more paying freights, in their
manufactured goods. It only explains to us, what has alway seemed a
mystery; that while the regular companies in England were making
money, nearly all of those in the United States not only had not made
money, but were embarrassed more or less, and were selling their
stocks at sixty to eighty cents on the dollar.
Public-domain text, read in full here on John Shaqi.
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